Overview
This book is open access, which means that you have free and unlimited access
Explores risk management in medieval and early modern Europe, focusing on 'General Average'
Investigates how stakeholders minimised risk in dangerous commercial shipping
Illustrates changing concepts of political economy across space and time
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About this book
This open access book explores the history of risk management in medieval and early modern European maritime business, focusing particularly on 'General Average' – a mechanism by which extraordinary expenses regarding ship or cargo, incurred during a voyage to save the venture, are shared between all participants to protect equity. This volume traces the history of this risk management tool from its origins in the pre-Roman Mediterranean through to its use in the shipping sector today. Contributions range from the Islamic Mediterranean to the Low Countries, and taken together, provide a wide-ranging analysis of social, cultural, and political aspects of pre-modern maritime commerce in Europe.
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Table of contents (15 chapters)
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Front Matter
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Why and How Risk Is Shared
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Front Matter
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Origins and Variants of Mutual Protection
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Front Matter
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The Iberian Experience
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Front Matter
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The Genoese Experience
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Front Matter
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Editors and Affiliations
About the editors
Maria Fusaro is Professor in Early Modern Social and Economy History at the University of Exeter, UK, where she directs the Centre for Maritime Historical Studies. ​She is the PI for the ERC-funded project 'AveTransRisk – Average – Transaction Costs and Risk Management during the First Globalization (Sixteenth-Eighteenth Centuries)'.
Andrea Addobbati is Professor of Early Modern History at the University of Pisa, Italy.
Luisa Piccinno is Associate Professor of Economic History at the Department of Economics of University of Genoa, Italy.
Andrea Addobbati is Professor of Early Modern History at the University of Pisa, Italy.
Luisa Piccinno is Associate Professor of Economic History at the Department of Economics of University of Genoa, Italy.
Bibliographic Information
Book Title: General Average and Risk Management in Medieval and Early Modern Maritime Business
Editors: Maria Fusaro, Andrea Addobbati, Luisa Piccinno
DOI: https://doi.org/10.1007/978-3-031-04118-1
Publisher: Palgrave Macmillan Cham
eBook Packages: History, History (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2023
License: CC BY
Hardcover ISBN: 978-3-031-04117-4Published: 02 January 2023
Softcover ISBN: 978-3-031-04120-4Published: 24 December 2022
eBook ISBN: 978-3-031-04118-1Published: 01 January 2023
Edition Number: 1
Number of Pages: XXVI, 499
Number of Illustrations: 1 b/w illustrations, 17 illustrations in colour
Topics: History of Medieval Europe, History of Early Modern Europe, Legal History, Economic History