Book Chapter

Roundtable. Risk, uncertainty and bankruptcy before modernity: Language, experience and historical understanding

  • Càtia Antunes
  • Dave De Ruysscher
  • Thomas Max Safley
  • Tanja Skambraks

This article examines risk, uncertainty, and bankruptcy before modernity, emphasizing the need for historically precise language and contextual analysis. It distinguishes risk from uncertainty in the absence of probabilistic calculation, questions anachronistic applications of modern economic theory, and advocates combining quantitative approaches with microhistorical analysis. By broadening the social and geographical scope beyond elite European actors, it reconstructs how premodern societies understood and managed economic hazards.

  • Keywords:
  • risk and uncertainty,
  • bankruptcy,
  • premodern economies,
  • historical semantics,
  • resilience,
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Càtia Antunes

Leiden University, Netherlands - ORCID: 0000-0003-4343-029X

Dave De Ruysscher

Tilburg University, Netherlands - ORCID: 0000-0001-7675-5475

Thomas Max Safley

University of Pennsylvania, United States

Tanja Skambraks

University of Graz, Austria - ORCID: 0009-0006-2185-7013

PDF
  • Publication Year: 2026
  • Pages: 529-537
  • Content License: CC BY 4.0
  • © 2026 Author(s)

XML
  • Publication Year: 2026
  • Content License: CC BY 4.0
  • © 2026 Author(s)

Chapter Information

Chapter Title

Roundtable. Risk, uncertainty and bankruptcy before modernity: Language, experience and historical understanding

Authors

Càtia Antunes, Dave De Ruysscher, Thomas Max Safley, Tanja Skambraks

Language

English

DOI

10.36253/979-12-215-0963-2.32

Peer Reviewed

Publication Year

2026

Copyright Information

© 2026 Author(s)

Content License

CC BY 4.0

Metadata License

CC0 1.0

Bibliographic Information

Book Title

Gestione del rischio, insolvenza e bancarotta nel mondo premoderno (secc. XIII-XVIII) / Risk management, insolvency, and bankruptcy in the pre-modern world (13th-18th centuries)

Editors

Angela Orlandi

Peer Reviewed

Number of Pages

568

Publication Year

2026

Copyright Information

© 2026 Author(s)

Content License

CC BY 4.0

Metadata License

CC0 1.0

Publisher Name

Firenze University Press

DOI

10.36253/979-12-215-0963-2

ISBN Print

979-12-215-0962-5

eISBN (pdf)

979-12-215-0963-2

eISBN (xml)

979-12-215-0964-9

Series Title

Datini Studies in Economic History

Series ISSN

2975-1241

Series E-ISSN

2975-1195

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