The logic of insurance opened a promising path that could still lead to the effective government of complex global risks.
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Louis W. Pauly is a J. Stefan Dupré Distinguished Professor of Political Economy in the Department of Political Science and the Munk School of Global Affairs & Public Policy at the University of Toronto. He is a Fellow of the Royal Society of Canada and a recipient of the Distinguished Scholar Award in International Political Economy from the International Studies Association. Publications include Opening Financial Markets (1988), Who Elected the Bankers? (1997), The Myth of the Global Corporation (1998), and Complex Sovereignty (2005).
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Hardcover. Condition: new. Hardcover. Of the sectors comprising international capital markets, insurance and reinsurance have attracted relatively little attention from students of politics. New social conventions and financial instruments arising from the invention of probabilistic calculation and the discovery of risk began to spread around the world five centuries ago. Today, states and firms are harnessing the logic of insurance to address an expansive array of risks confronting their societies. In Insuring States in an Uncertain World, Louis Pauly examines the history and politics of pragmatic experiments aimed at governing complex global risks. His fascinating and accessible narrative explores the promise and the challenges of multi-faceted insurance arrangements in arenas ranging from nuclear energy production and international financial intermediation to those focused on environmental change, infectious diseases, and disruptive new technologies. At a time when the foundations of global order are under mounting stress, Pauly makes the case for limited and effective political innovation. The global history and enduring logic of insurance and reinsurance for anyone concerned about financial, nuclear, climate, and other unbounded risks. States and dynamic markets have proven capable of harnessing a shared insuring instinct to govern complex risks. Pragmatic collaborative experiments promise to help build a sustainable world order. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009662895
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