(Read now) Freaks of Fortune






 | #626851 in eBooks |  2012-10-29 |  2012-10-29 | File Name: B00AFS6LXW

||0 of 0 people found the following review helpful.| A wordy read.|By Reader|The material is interesting but Mr. Levy needs an editor. For example "...countermovement against the generative insecurity and radical uncertainty of capitalism...". He appears unable to relinquish adjectives, making for an unnecessarily wordy read.|10 of 12 people found the following review helpful.| Eye-opening, insightf| |A most informative and imaginative study of the many roles played by risk and the attempts to offset it in American economic development. Levy's insights will substantially enrich our understanding of the American past. (Stanley L. Engerman, author of Slav

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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