
An Age of Risk
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In these early modern sources, Nacol contends, we see three crucial developments in thought on risk and politics. While early modern thinkers differentiated uncertainty about the future from probabilistic calculations of risk, they remained attentive to the ways uncertainty and risk remained in a conceptual tangle, a problem that constrained good decision making. They developed sophisticated theories of trust and credit as crucial background conditions for prudent risk-taking, and offered complex depictions of the relationships and behaviors that would make risk-taking more palatable. They also developed two narratives that persist in subsequent accounts of risk-risk as a threat to security, and risk as an opportunity for profit. Looking at how these narratives are entwined in early modern thought, Nacol locates the origins of our own ambivalence about risk-taking. By the end of the eighteenth century, she argues, a new type of political actor would emerge from this ambivalence, one who approached risk with fear rather than hope.
By placing a fresh lens on early modern writing, An Age of Risk demonstrates how new and evolving orientations toward risk influenced approaches to politics and commerce that continue to this day.
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Content
Chapter 1 Introduction 1
Chapter 2 "Experience Concludeth Nothing Universally"
Hobbes and the Groundwork for a Political Theory of Risk 9
Chapter 3 The Risks of Political Authority
Trust, Knowledge, and Political Agency in Locke's Politics and Economy 41
Chapter 4 Hume's Fine Balance
On Probability, Fear, and the Risks of Trade 69
Chapter 5 Adventurous Spirits and Clamoring Sophists
Smith on the Problem of Risk in Political Economy 98
Chapter 6 An Age of Risk, a Liberalism of Anxiety 124
Notes 131
References 157
Index 167
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Copy protection: Watermark-DRM (Digital Rights Management)
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- Tablet/Smartphone (Android; iOS): Before downloading, install the free app Adobe Digital Editions (see eBook Help).
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The file format ePUB works well for novels and non-fiction books – i.e., „flowing” text without complex layout. On an e-reader or smartphone, line and page breaks automatically adjust to fit the small displays.
This eBook uses Watermark-DRM, a „soft” copy protection. This means that there are no technical restrictions to prevent illegal distribution. However, there is a personalised watermark embedded in the eBook that can be used to identify the purchaser of the eBook in the event of misuse and to provide evidence for legal purposes.
For more information, see our eBook Help page.