@techreport{oai:shiga-u.repo.nii.ac.jp:00009843,
 author = {Sakai, Yasuhiro},
 issue = {No. A-19},
 month = {Jul},
 note = {Technical Report, The purpose of this paper is to intensively discuss and carefully compare the
Liverpool Merchants of Britain and the Ohmi merchants of Japan in a historical
perspective. The question of much interest is how and why those two merchants dealt
with risk and insurance differently.
In his later years, J.R. Hicks did a great contribution on the theory of economic
history. He paid a special attention to the rise of the market in which the merchant
played as the main actor of the history theater. According to the Hicks doctrine, the
relation between theory and history should not be one-to-one, but rather flexible to a
certain degree. Therefore, it would be quite interesting to compare the Liverpool
merchants of Britain and the Ohmi merchants of Japan. It will be seen that they were
engaged in their respective triangular trade, producing their respective socioeconomic
systems.
In short, we have to take a pluralistic view in order to fully understand the concept
of risk and insurance from the viewpoint of economic history., CRR Discussion Paper, Series A, No. A-19, pp. 1-25},
 title = {Liverpool Merchants versus Ohmi Merchants:How and Why They Dealt with Risk and Insurance Differently},
 year = {2016}
}