Freaks of Fortune
The Emerging World of Capitalism and Risk in America
by Jonathan Levy
360 pages· 2012· ISBN 9780674067202
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About
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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