{"product_id":"managing-maritime-risk-in-early-modern-europe-general-average-in-law-and-practice-in-seventeenth-century-tuscany-paperback","title":"Managing Maritime Risk in Early Modern Europe: General Average in Law and Practice in Seventeenth-Century Tuscany - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eJake Dyble\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eDraws on the rich surviving archives of the Tuscan port of Livorno to explore how General Average worked. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eCommercial seafaring, both dangerous and with large amounts of capital at stake, was the source of the risk-management institutions that still undergird the global economy today. A key institution of early modern risk management was General Average, a procedure used to redistribute extraordinary costs arising from a maritime venture between all financially interested parties. For example, should one merchant's cargo be jettisoned to lighten a ship in a storm, the loss would be shared pro rata by the shipper and all the cargo-owners. A risk-sharing practice, different from the risk-shifting of marine insurance which became established relatively late, General Average is still in widespread use. \u003cp\u003e\u003c\/p\u003eThis book explores how General Average worked. It reveals the gap between General Average in law and how it worked on the ground. It shows how General Average partitioned a wide array of business costs, thereby performing a significant role in structuring maritime commerce, managing risk and promoting shipping and trade. In addition, the book discusses how far General Average was a feature of a supposedly ancient, universal, customary maritime law, and contributes to debates about the evolution of institutions in economic development.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eJake Dyble is a post-doctoral researcher at the University of Padova, Italy\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 256\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.54 x 9.21 x 6.14 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 11, 2025\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45699926327398,"sku":"9781837652822","price":60.33,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/WGFTSU-UDJ9781837652822.webp?v=1780717832","url":"https:\/\/infinitylightwa.com\/products\/managing-maritime-risk-in-early-modern-europe-general-average-in-law-and-practice-in-seventeenth-century-tuscany-paperback","provider":"Infinity Light","version":"1.0","type":"link"}