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Books > History > History of specific subjects > Economic history
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Risky Markets - Marine Insurance in Renaissance Florence (Hardcover)
Loot Price: R5,580
Discovery Miles 55 800
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Risky Markets - Marine Insurance in Renaissance Florence (Hardcover)
Series: Brill's Studies in Maritime History, 8
Expected to ship within 10 - 15 working days
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Risky Markets explores a crucial moment in the history of
insurance, when tools designed to tackle sea risks were in their
first making. Renaissance Florence is the setting for one of the
first attempts to develop a market specialized in protecting
maritime trade. Drawing on a unique collection of sources, the book
provides a wide ranging account about the players, institutions,
business practices and organizations of the insurance business,
shedding light on the forecasting techniques underwriters used.
Ceccarelli shows that the market was a small club where trust
relations and shared codes of conduct prevail over competition. In
a world without probability this was the way by which a business
community managed transforming uncertainty into a calculable risk.
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