Jeroen Puttevils

Review of periodical articles

From an empirical perspective, archaeologists and historians face a somewhat peculiar challenge, that is, to understand a past that is no longer with us through the discussion of wide range of objects – buildings, texts, textiles and so on – that are mere relics of that past. This challenge is complicated by what the anthropologist Arjun Appaduraj has famously called ‘the social life of things’. The material remnants of past societies do not survive in a vacuum: instead, these objects are used and re-used in new contexts in which they acquire new meanings, be it as cherished family heirlooms, as stuffy museum objects or as irritating obstacles for project developers. Consequently, these objects are suspended between the past and the present, in the sense that – as Joseph Morsel mordantly put it – ‘a restored castle is essentially a trophy of a new social system, whose might is expressed through the ruins of another social system’. Proceeding from the insight that the original meaning of objects is often clouded by the current context in which they function, historians and archaeologists are increasingly attentive to the question why – and if so, how – some material remnants of the past are re-used whereas others are not.

Tweaking financial instruments: bills obligatory in sixteenth-century Antwerp

This article discusses the use of private promissory notes in the sixteenth-century commercial metropolis of Antwerp. Students of financial history tend to look for first instances of financial techniques and institutions such as bills of exchange, share trading, sovereign debt and banks. However, financial innovation can also be found in the piecemeal adaptation of an older, existing technique, institution or instrument as the result of changes in the market and of demands exerted by particular groups within that economy. The outcome of this process is determined by the structure of the economy in question, its institutional arrangements and the willingness of authorities to adapt the rules.

Marketing and Pricing Risk in Marine Insurance in Sixteenth-Century Antwerp

Drawing on a set of insurance contracts brokered in Antwerp in 1562–1563, we demonstrate that by that time Antwerp hosted a sophisticated, large, and international market for marine insurance in which small and large traders could acquire and sell insurance, backed by the intermediation of a large broker, Juan Henriquez who functioned as an open-access institution. Using information from Henriquezs ledgers which was also available to underwriters, we find that insurance premiums reflected the underlying risk and that agents were able to determine the effect of different contract parameters.