April 10, 2013
Jonathan Levy is Assistant Professor of History at Princeton University. About Freaks of Fortune: The Emerging World of Capitalism and Risk in America Until the early nineteenth century, “risk” was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of 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 […]