“Hedging” has always brought economic progress with controversy. To “hedge” land through enclosure reduced the risk to livestock and secured property rights, a crucial development in the British Agricultural Revolution, but which ultimately also resulted in the loss of common land. When the modern phrase “hedging our bets” was originally used in Restoration England comedy The Rehearsal, the “hedging” concept was already being applied to reducing or mitigating general financial risk through offsetting contrary positions.
08 Feb 2021
Posted by Barry Norris