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The Power and Pains of Polysemy: Maritime Trade, Averages, and Institutional Development in the Low Countries (15th–16th Centuries)
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As the fall-out of the Ever Given Suez canal blockage shows, an ancient instrument like General Average (GA) is still highly relevant in redistributing risks and costs ...
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24 February 2023

Listen to the podcast here.
As the fall-out of the Ever Given Suez canal blockage shows, an ancient instrument like General Average (GA) is still highly relevant in redistributing risks and costs in maritime trade. However, bar marine insurance, not much is known about the development of tools of maritime risk management like GA, which redistributes extraordinary costs incurred for the common safety of maritime ventures.
This book investigates the development of General Average and other so-called Averages in the Low Countries on the eve of the early modern period, showing how the various varieties of Averages played a significant role in the development of maritime risk management and the broader institutional development in the Low Countries.
As the fall-out of the Ever Given Suez canal blockage shows, an ancient instrument like General Average (GA) is still highly relevant in redistributing risks and costs in maritime trade. However, bar marine insurance, not much is known about the development of tools of maritime risk management like GA, which redistributes extraordinary costs incurred for the common safety of maritime ventures.
This book investigates the development of General Average and other so-called Averages in the Low Countries on the eve of the early modern period, showing how the various varieties of Averages played a significant role in the development of maritime risk management and the broader institutional development in the Low Countries.
Price: $171.00
Pages: 312
Publisher: Brill
Imprint: Brill
Series: Brill's Studies in Maritime History
Publication Date:
24 February 2023
ISBN: 9789004540347
Format: Hardcover
"Gijs Dreijer provides an extensive and detailed explanatory text that will be required reading for anyone looking to research the late-medieval and early modern maritime world of insurance and risk management. … Economic historians, especially those interested in how institutions developed, will find the book valuable in many ways, but perhaps its most important contribution is how the practices and applications of general average had an outsized influence on the development of laws and legal systems – institutions that are often held up as key to the success of western Europe in its eventual dominance of the global economy." - Jeremy Land, University of Gothenburg, Sweden, in: International Journal of Maritime History (0)0
"Dreijers boek biedt als eerste een systematisch overzicht van averij-grosse en andersoortige averijen in de rechtstheorie en -praktijk van de zuidelijke Lage Landen in de vroegmoderne periode. [...] Voor de rechtshistoricus biedt de analyse van een omvangrijk bestand aan primaire (archief)bronnen een onmisbare ingang op de juridische en commerciële praktijk. Het boek vormt daarmee een waardevolle aanvulling op de bestaande rechtshistorische literatuur. [...] The Power and Pains of Polysemy is een verrijking voor het onderzoek naar het vroegmoderne maritieme privaatrecht." - Tim Lubbers, Leiden University, in: Pro Memorie, Vol. 25.2 (2023), p. 277-282
"Dreijers boek biedt als eerste een systematisch overzicht van averij-grosse en andersoortige averijen in de rechtstheorie en -praktijk van de zuidelijke Lage Landen in de vroegmoderne periode. [...] Voor de rechtshistoricus biedt de analyse van een omvangrijk bestand aan primaire (archief)bronnen een onmisbare ingang op de juridische en commerciële praktijk. Het boek vormt daarmee een waardevolle aanvulling op de bestaande rechtshistorische literatuur. [...] The Power and Pains of Polysemy is een verrijking voor het onderzoek naar het vroegmoderne maritieme privaatrecht." - Tim Lubbers, Leiden University, in: Pro Memorie, Vol. 25.2 (2023), p. 277-282
Gijs Dreijer (Dr. Mult.) is a postdoctoral researcher at Leiden University. In 2021, he received his dual Ph.D. degree at the University of Exeter and Vrije Universiteit Brussel with a dissertation on Averages in the Low Countries. This is his first monograph.