Freaks of Fortune: The Emerging World of Capitalism and Risk in America

Freaks of Fortune: The Emerging World of Capitalism and Risk in America
ISBN-10
0674067207
ISBN-13
9780674067202
Category
Business & Economics
Pages
360
Language
English
Published
2012-10-29
Publisher
Harvard University Press
Author
Jonathan Levy

Description

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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