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Privilege, Economy and State in Old Regime France by Lewis Wade
£28.99
Available
Product Ref. (e.g. ISBN, SKU)
9781837650217
Published:
17 Oct 2023
Format:
Paperback
Number of pages:
376 pages
Dimensions:
234x156x23mm
Weight:
0.584kgs
Author:
This book reveals a great deal about the attempts, and failures, of the French absolutist monarchy to stimulate commerce, colonial enterprise and economic growth, and how these attempts and failures contrasted with the successes of Amsterdam and London.
This book closely analyses the rise and fall of Louis XIV's marine insurance institutions in Paris, which were central to the French monarchy's efforts to stimulate commerce, colonial enterprise and economic growth. These institutions were the projects of two leading ministers, Jean-Baptiste Colbert and his son, the Marquis de Seignelay. While both men recognised that marine insurance was crucial for protecting commercial investment in French maritime endeavours, Colbert looked to private enterprise to lure capital away from passive investments in state debt towards the marine insurance industry. Seignelay, by contrast, leveraged the tools of privilege on which the French economy was built by creating the first chartered company in the history of marine insurance. In exploring the global insurance portfolios of the men and women who joined these institutions - and the conflicts that arose when maritime incidents came into dispute - the book identifies the absolute monarchy itself as the source of the institutions' struggles. While the markets of Amsterdam and London thrived in the long run, Parisian insurers were made to bear the burden of maritime and colonial losses during Louis XIV's costly wars to make up for the state's inadequate protection of French shipping, the French Atlantic empire and the Parisian market. This encapsulates, the book argues, the overarching system of risk management that lay at the heart of absolutism itself.
The ebook edition of this book is openly available under the Creative Commons license CC BY-NC-ND.
About the Author: Lewis Wade is a Marie Sklodowska-Curie Postdoctoral Fellow at Leiden University (2023-25). His thesis won the British Commission for Maritime History's Boydell and Brewer Prize (2021) for the best doctoral thesis in maritime history.
| Number of pages | 376 |
|---|
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