Francesca Trivellato
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9780691178592
- eISBN:
- 9780691185378
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691178592.003.0005
- Subject:
- Business and Management, Finance, Accounting, and Banking
This chapter looks at the circumstances in which Étienne Cleirac composed his writings. Whether Cleirac coined or merely repeated it, the legend of the Jewish invention of marine insurance and bills ...
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This chapter looks at the circumstances in which Étienne Cleirac composed his writings. Whether Cleirac coined or merely repeated it, the legend of the Jewish invention of marine insurance and bills of exchange was his attempt at making sense of the changes in the legal, political, and social orders that the expansion of overseas commerce set in motion. Cleirac's life unfolded in a city where Jews were indistinguishable from local and foreign Christian merchants involved in long-distance trade, many of whom no longer belonged to a guild. It would not have surprised anyone in seventeenth-century France that New Christians, Catholics, and Protestants signed each other's bills of exchange and underwrote each other's marine insurance policies. Until 1723, however, crypto-Judaism was an institutionalized reality in Bordeaux. As such, the specter of crypto-Judaism infuses Cleirac's narrative of the origins of marine insurance and bills of exchange.Less
This chapter looks at the circumstances in which Étienne Cleirac composed his writings. Whether Cleirac coined or merely repeated it, the legend of the Jewish invention of marine insurance and bills of exchange was his attempt at making sense of the changes in the legal, political, and social orders that the expansion of overseas commerce set in motion. Cleirac's life unfolded in a city where Jews were indistinguishable from local and foreign Christian merchants involved in long-distance trade, many of whom no longer belonged to a guild. It would not have surprised anyone in seventeenth-century France that New Christians, Catholics, and Protestants signed each other's bills of exchange and underwrote each other's marine insurance policies. Until 1723, however, crypto-Judaism was an institutionalized reality in Bordeaux. As such, the specter of crypto-Judaism infuses Cleirac's narrative of the origins of marine insurance and bills of exchange.
D. G. Webster
- Published in print:
- 2015
- Published Online:
- September 2016
- ISBN:
- 9780262029551
- eISBN:
- 9780262329972
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262029551.001.0001
- Subject:
- Environmental Science, Nature
This book delves into the evolution of marine fisheries governance from early times to the present, showing how responsive governance works—or fails to work—in settings ranging from small-scale ...
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This book delves into the evolution of marine fisheries governance from early times to the present, showing how responsive governance works—or fails to work—in settings ranging from small-scale coastal fishing communities to international fisheries that span entire oceans. Chapter 1 provides a general overview of the state of global fisheries before describing the AC/SC framework and methods used in the historical analysis. Part I examines the economic forces that disrupt problem signals, particularly the profit disconnect. It documents the expansion of fishing effort in scope and scale and shows how the industrialization of fishing created hierarchies within the industry, as those with access to capital invested in larger and larger fleets while those without such access struggled to compete in smaller niches. Part II explores how governance institutions coevolved with fisheries economics. Specifically, it shows the widening of the power disconnect as small fishing communities were eclipsed over time by larger and larger commercial operations with greater economic and political power. It also explains how problem signals are processed by decision makers in many different regions and how the set of actors and management solutions changed over time, ultimately altering the process of responsive governance. Chapter 9 concludes with an evaluation of these results, identifying pivot points that can generate earlier, more effective response, and also calls for greater attention to exogenous forces that drive the management treadmill.Less
This book delves into the evolution of marine fisheries governance from early times to the present, showing how responsive governance works—or fails to work—in settings ranging from small-scale coastal fishing communities to international fisheries that span entire oceans. Chapter 1 provides a general overview of the state of global fisheries before describing the AC/SC framework and methods used in the historical analysis. Part I examines the economic forces that disrupt problem signals, particularly the profit disconnect. It documents the expansion of fishing effort in scope and scale and shows how the industrialization of fishing created hierarchies within the industry, as those with access to capital invested in larger and larger fleets while those without such access struggled to compete in smaller niches. Part II explores how governance institutions coevolved with fisheries economics. Specifically, it shows the widening of the power disconnect as small fishing communities were eclipsed over time by larger and larger commercial operations with greater economic and political power. It also explains how problem signals are processed by decision makers in many different regions and how the set of actors and management solutions changed over time, ultimately altering the process of responsive governance. Chapter 9 concludes with an evaluation of these results, identifying pivot points that can generate earlier, more effective response, and also calls for greater attention to exogenous forces that drive the management treadmill.
Francesca Trivellato
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9780691178592
- eISBN:
- 9780691185378
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691178592.003.0003
- Subject:
- Business and Management, Finance, Accounting, and Banking
This chapter discusses Étienne Cleirac's commentary on the first article of the Guidon de la mer (The Standard of the Sea). In brief, he says that the Jews expelled from France invented marine ...
More
This chapter discusses Étienne Cleirac's commentary on the first article of the Guidon de la mer (The Standard of the Sea). In brief, he says that the Jews expelled from France invented marine insurance policies and bills of exchange in order to salvage their assets when fleeing to “Lombardy,” that is, to northern and central Italy. From there, Italian refugees exported the newly invented financial instruments north of the Alps, where bankers and moneylenders were called “Lombards,” a name eventually given to a public square in Amsterdam. Cleirac's merging of these spaces has the effect of tracing a direct line between fourteenth-century Lombards and seventeenth-century Amsterdam and makes pawnbroking appear contiguous with the most sophisticated forms of financial credit developed during the sixteenth century. This chronological compression is crucial to Cleirac's rhetorical strategy of making medieval Jewish moneylenders, the object of scorn and prejudice, interchangeable with the international merchant-bankers of the seventeenth century.Less
This chapter discusses Étienne Cleirac's commentary on the first article of the Guidon de la mer (The Standard of the Sea). In brief, he says that the Jews expelled from France invented marine insurance policies and bills of exchange in order to salvage their assets when fleeing to “Lombardy,” that is, to northern and central Italy. From there, Italian refugees exported the newly invented financial instruments north of the Alps, where bankers and moneylenders were called “Lombards,” a name eventually given to a public square in Amsterdam. Cleirac's merging of these spaces has the effect of tracing a direct line between fourteenth-century Lombards and seventeenth-century Amsterdam and makes pawnbroking appear contiguous with the most sophisticated forms of financial credit developed during the sixteenth century. This chronological compression is crucial to Cleirac's rhetorical strategy of making medieval Jewish moneylenders, the object of scorn and prejudice, interchangeable with the international merchant-bankers of the seventeenth century.
