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The Burden of Risk: Early Modern Maritime Enterprise and Varieties of Capitalism

Maria Fusaro

Business History Review, 2020, vol. 94, issue 1, 179-200

Abstract: This article discusses the complex issues behind the relation between national and global economic histories and the challenges of a comparative approach. On examining different national approaches (Italian and English) to the management of the early modern maritime sector, it will argue that this comparison allows a privileged view into different varieties of capitalism, highlighting fundamental differences in attitudes toward wage labor and risk management that still influence different approaches to economic activities today.

Date: 2020
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