Freaks of Fortune: The Emerging World of Capitalism and Risk in America
Until the nineteenth century, “risk” was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future.
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Review: Freaks of Fortune: The Emerging World of Capitalism and Risk in AmericaUser Review - Marc - Goodreads
Boy does this read like a dissertation. A good one, to be sure, but there's so much research spread over comparatively few ideas, and each chapter feels like its own conference paper. Levy had a very nice idea for a book, but couldn't really deliver. Read full review
Review: Freaks of Fortune: The Emerging World of Capitalism and Risk in AmericaUser Review - Daniel Eaton - Goodreads
This book directly ties the development of risk and insurance in America to historical events. It's a lot better than it sounds, I promise. Read full review