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Underwriting - The Poetics of Insurance in America, 1722-1872 (Hardcover)
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Underwriting - The Poetics of Insurance in America, 1722-1872 (Hardcover)
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This book focuses on the way literary texts articulate embedded
cultural assumptions about monetary value and reflect the logic of
certain economic practices. In its simplest formulation,
Underwriting is an investigation of the cultural history of
insurance in early America. It seeks a large part of that cultural
history in the lives and works of five American authors of the
eighteenth and nineteenth centuries: Benjamin Franklin, Phillis
Wheatley, Noah Webster, Herman Melville, and Ralph Waldo Emerson.
It hinges on an odd-sounding assumption: that insurance, as a
textual procedure requiring signatures to conserve property, is a
writing business, theoretically and practically. Insurance
articulates a nexus (in the form of contractual and monetary
obligations) between property and text, attempting to mark and
reconcile with its voracious application of assurances these two
cornerstones of capitalist logic. The plot of Underwriting that
Wertheimer pursues is then manifold: a meditation on theories of
writing; a cultural and social history of the practices that make
mutually defining modes of loss and reparation profitable and
pleasurable; and a reading of certain literary texts that might
lead us to new understandings of the relationship between artistic
and commercial discourses in America.
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