As businesses search increasingly for opportunities beyond their national borders, they face the risk that political change in other countries will jeopardize their efforts. Anything from minor shifts in regulations to sudden revolutions can threaten business investment, trade, and credit. Virginia Haufler shows that a crucial factor in the expansion of global markets has been the private sector's creation of a sophisticated insurance industry to redistribute the risks entailed in foreign commerce, a privately constructed safety net for international transactions. Haufler believes that the network of relationships and institutions established by the insurers constituted a privately led regime for the management of international risk. She analyzes political risks insurance during three periods of substantial uncertainty: the era from the turn of the century to the beginning of World War I, when British global power began to wane; the interwar years, leading up to the collapse of world trade and a second world war; and the 'debt crisis' decade of the 1980s. Public and private involvement in supplying insurance against international risks has varied depending on demand, the availability of resources, and the norms of what can be insured. As the scale and complexity of risks have expanded, Haufler suggests, responsibility has shifted from commercial insurers first to the state and now to multilateral institutions.

Before the American Revolution, the people who lived in British North America were not just colonists; they were also imperial subjects. To think of eighteenth-century New Yorkers as Britons rather than incipient Americans allows us fresh investigations into their world. How was the British Empire experienced by those who lived at its margins? How did the mundane affairs of ordinary New Yorkers affect the culture at the center of an enormous commercial empire? Dangerous Economies is a history of New York culture and commerce in the first two thirds of the eighteenth century, when Britain was just beginning to catch up with its imperial rivals, France and Spain. In that sparsely populated city on the fringe of an empire, enslaved Africans rubbed elbows with white indentured servants while the elite strove to maintain ties with European genteel culture. The transience of the city's people, goods, and fortunes created a notably fluid society in which establishing one's own status or verifying another's was a challenge. New York's shifting imperial identity created new avenues for success but also made success harder to define and demonstrate socially. Such a mobile urban milieu was the ideal breeding ground for crime and conspiracy, which became all too evident in 1741, when thirty slaves were executed and more than seventy other people were deported after being found guilty—on dubious evidence—of plotting a revolt. This sort of violent outburst was the unforeseen but unsurprising result of the seething culture that existed at the margins of the British Empire.