An Age of Risk
Emily Nacol
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Geisteswissenschaften, Kunst, Musik / Philosophie
Beschreibung
In An Age of Risk, Emily Nacol shows that risk, now treated as a permanent feature of our lives, did not always govern understandings of the future. Focusing on the epistemological, political, and economic writings of Thomas Hobbes, John Locke, David Hume, and Adam Smith, Nacol explains that in seventeenth- and eighteenth-century Britain, political and economic thinkers reimagined the future as a terrain of risk, characterized by probabilistic calculation, prediction, and control.
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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Value (economics), Economics, Thomas Hobbes, Export, Narrative, Political philosophy, Contingency (philosophy), Risk, Critique, Consideration, Politics, Hard currency, Analogy, Knowledge economy, Lecture, Experiential knowledge, Two Treatises of Government, Economy, Philosopher, Corruption, John Locke, Risk of loss, Usury, Writing, Calculation, Reason, Ethics, Political economy, Thought, Ambiguity, Prediction, Tax, Mercantilism, Thucydides, Political system, Theory, Philosophical Inquiry, Phenomenon, Commodity, Robbery, Explanation, Skepticism, The Wealth of Nations, Modernity, Criticism, Risk aversion, Institution, Cambridge University Press, Joint-stock company, Inherent risk, Wealth, Disaster, International trade, Probability, Uncertainty, Treatise, Ruler, Inference, Prerogative, Suggestion, Principle, Epistemology, Balance of trade, Certainty, Deliberation, Introspection, Philosophy, The Theory of Moral Sentiments, Distrust, A Treatise of Human Nature