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The Basic Writings of Josiah Royce, Volume IILogic, Loyalty, and Community$
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John J. McDermott

Print publication date: 2005

Print ISBN-13: 9780823224845

Published to Fordham Scholarship Online: May 2019

DOI: 10.5422/fordham/9780823224845.001.0001

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The Possibility of International Insurance

The Possibility of International Insurance

(p.1135) 35 The Possibility of International Insurance
The Basic Writings of Josiah Royce, Volume II
John J. McDermott
Fordham University Press

This chapter assesses the thesis that the cause of the world's peace would be aided if in future the principle of insurance were gradually and progressively introduced into international business. Insurance has already proved to be, in the modern life of individual nations, a cause of no little growth in social organization, in human solidarity, in reasonableness, and in peace. The best workings of the insurance principle have been, on the whole, its indirect workings. It has not only taught men, in manifold ways, both the best means and the wisdom of “bearing one another's burdens”; but it has also established many indirect, and for that very reason all the more potent, types of social linkage, which the individual policyholder or underwriter very seldom clearly and consciously estimates at their true value.

Keywords:   world peace, insurance, social organization, human solidarity, insurance principle, social linkage

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