Risk and Uncertainty in Spanish Atlantic World Trade, 1760-1820
by
Jeremy Baskes
Language: English
Release Date: July 17, 2013
Early modern, long-distance trade was fraught with risk and uncertainty, driving merchants to seek means (that is, institutions) to reduce them. In the traditional historiography on Spanish colonial trade, the role of risk is largely ignored. Instead, the guild merchants are depicted as anti-competitive...