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Description: Managing Maritime Risk in Early Modern Europe
Managing Maritime Risk in Early Modern Europe
buy the print edition
  • Managing Maritime Risk in Early Modern Europe
  • Managing Maritime Risk in Early Modern Europe
  • Managing Maritime Risk in Early Modern Europe
  • Copyright
  • Dedication
  • Illustrations
  • Acknowledgments
  • Abbreviations
  • Note on Dates, Currencies, and Terminology
  • Epigraph
  • Introduction
  • 1 The Free Port of Livorno and its Pisan Court
  • 2 Defining Average in Early Modern Italy and Europe
  • 3 Average in Practice: The Evidence from the Pisan Archive
  • 4 Commercial Justice and Political Economy: Stephen Dring’s Tale
  • 5 How Early Modern Shipping Managed Risk
  • Conclusion
  • Appendix: All Case Studies
  • Bibliography
  • Index
  • Open Access Titles
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© Jake Dyble 2025
Some rights reserved. Without limiting the rights under copyright reserved
above, any part of this book may be reproduced, stored in or introduced into
a retrieval system, or transmitted, in any form or by any means (electronic,
mechanical, photocopying, recording or otherwise)
The right of Jake Dyble to be identified as
the author of this work has been asserted in accordance with
sections 77 and 78 of the Copyright, Designs and Patents Act 1988
First published 2025
The Boydell Press, Woodbridge
ISBN 978 1 83765 155 9 (hardback)
ISBN 978 1 80543 264 7 (ePUB)
This title is available under the Open Access licence CC BY-NC-ND
Jacob Arthur Dyble’s work is funded by the European Union – NextGenerationEU and by the University of Padua under the 2023 STARS Grants@Unipd programme AvCOL - Avania: Commerce, Orientalism, and Law in Early Modern Europe
The Boydell Press is an imprint of Boydell & Brewer Ltd
PO Box 9, Woodbridge, Suffolk IP12 3DF, UK
and of Boydell & Brewer Inc.
668 Mt Hope Avenue, Rochester, NY 14620-2731, USA
website: www.boydellandbrewer.com
A CIP catalogue record for this book is available
from the British Library
The publisher has no responsibility for the continued existence or accuracy
of URLs for external or third-party internet websites referred to in this book,
and does not guarantee that any content on such websites is,
or will remain, accurate or appropriate
The research for the book was conducted thanks to funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and Innovation Programme ERC Grant agreement No. 724544: AveTransRisk-Average-Transaction Costs and Risk Management during the First Globalization (Sixteenth-Eighteenth Centuries)
Cover image: Extract from Pinturicchio, Allegoria del Colle della Sapienza (Allegory of the Hill of Wisdom) (1505), Siena Cathedral, Tuscany. Reproduction authorized by the Opera della Metropolitana Aut. N. 293/2024.
Cover design by Wayne Kehoe
Cross references refer to page numbers in the print edition

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Description: Managing Maritime Risk in Early Modern Europe
Managing Maritime Risk in Early Modern Europe
buy the print edition
View details
    • Managing Maritime Risk in Early Modern Europe
    • Managing Maritime Risk in Early Modern Europe
    • Managing Maritime Risk in Early Modern Europe
    • Copyright
    • Dedication
    • Illustrations
    • Acknowledgments
    • Abbreviations
    • Note on Dates, Currencies, and Terminology
    • Epigraph
    • Introduction
    • 1 The Free Port of Livorno and its Pisan Court
    • 2 Defining Average in Early Modern Italy and Europe
    • 3 Average in Practice: The Evidence from the Pisan Archive
    • 4 Commercial Justice and Political Economy: Stephen Dring’s Tale
    • 5 How Early Modern Shipping Managed Risk
    • Conclusion
    • Appendix: All Case Studies
    • Bibliography
    • Index

Details

Description: Managing Maritime Risk in Early Modern Europe
Managing Maritime Risk in Early Modern Europe
Stable URL:https://openaccess.boydellandbrewercms.com/?id=-290950
Open Access license
Draws on the rich surviving archives of the Tuscan port of Livorno to explore how General Average worked.

Commercial 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.

This 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.
Author
Jake Dyble
PublisherBoydell Press
Print publication date Mar, 2025
Print ISBN 9781837651559
EISBN 9781805432647

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Jake Dyble. "Copyright." In Managing Maritime Risk in Early Modern Europe. Boydell Press, 2025. Accessed June 13, 2025. Librios IMS, https://openaccess.boydellandbrewercms.com/?id=-290953CITANCHOR.
Jake Dyble. "Copyright." In Managing Maritime Risk in Early Modern Europe. Boydell Press, 2025. Accessed June 13, 2025. https://openaccess.boydellandbrewercms.com/?id=-290953CITANCHOR.
Jake Dyble
Managing Maritime Risk in Early Modern Europe
Librios IMS
Boydell Press
March 11, 2025
June 13, 2025
https://openaccess.boydellandbrewercms.com/?id=-290953CITANCHOR