How 12th-century Genoese merchants invented the idea of risk | Curio

How 12th-century Genoese merchants invented the idea of risk

12 mins | Nov 22, 2021

The wonder-worker word is a tale we tell about our future. In modern times, we have all become risk assessment experts calculating almost every outcome to consider its gains or losses. Karla Mallette, a professor of Italian and Mediterranean Studies, explores how risk — a concept that drives modern investment and innovation — emerged from the practical negotiations of multi-cultural Italian sailors and merchants from the 12th century.

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From Psyche

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