Introduction (George Benston)

George Benston and I were friends for most of our lives. He was a master of economics, finance, and accounting. No one surpassed him at this combination of disciplines. The two volumes of papers make much of his work available. They are a valuable edition to our libraries and personal collections.

George made many contributions. As we consider the use of mark-to market accounting in the 2008 crisis, we recognize how rare were his skills and how valuable his analysis of that issue would be