{"product_id":"managing-maritime-risk-in-early-jake-dyble-9781837652822","title":"Managing Maritime Risk in Early Modern Europe: General Average in Law and Practice in Seventeenth-Century Tuscany","description":"Draws on the rich surviving archives of the Tuscan port of Livorno to explore how General Average worked. \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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jake Dyble\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1837652821\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781837652822\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Boydell Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/11\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 272\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback","brand":"Jake Dyble","offers":[{"title":"Paperback","offer_id":46571334205695,"sku":"9781837652822","price":38.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_88ac83f9-f563-4fcb-aea9-2a005e49bc6e.jpg?v=1738807925","url":"https:\/\/www.whiterainbookhouse.com\/products\/managing-maritime-risk-in-early-jake-dyble-9781837652822","provider":"WR Book House","version":"1.0","type":"link"}