This Explains Why Modern Markets Developed Where They Did
Odd Lots15 Tammi 2018

This Explains Why Modern Markets Developed Where They Did

For centuries, markets were highly-personalized things, often controlled by select groups of people who traded based on long-established and closely-knit relationships. Closed networks -- such as merchant guilds in 16th century Europe -- could ensure trust between buyers and sellers by pushing out bad actors. But then, something happened that would eventually become the foundation of all modern markets. In the 1500s, new trade routes and the arrival of the printing press helped erode the power of merchant guilds and give way to a much more open system of trading where strangers could interact with each other.

On this edition of the Odd Lots podcast, Prateek Raj gives his theory about why modern markets first took hold in Northern Europe, and what this 500-year-old period of disruption can tell us about the world today.

See omnystudio.com/listener for privacy information.

Jaksot(1183)

Bill Beach on How Trump Just Politicized US Economic Data

Bill Beach on How Trump Just Politicized US Economic Data

Late last week, Donald Trump shocked Wall Street by firing Erika McEntarfer, the head of the Bureau of Labor Statistics, the agency responsible for publishing some of America's most important economic...

4 Elo 202524min

The AI Industry Is Becoming Like Professional Sports

The AI Industry Is Becoming Like Professional Sports

When it comes to tech startups, you often hear about VCs making a ton of money, or founders experiencing life-changing exits. But something is changing in the world of AI. Now it's the engineers thems...

4 Elo 202552min

How to Make Money Selling Pizza in New York City

How to Make Money Selling Pizza in New York City

Everybody knows that New York City has a ton of pizzerias. And yet, new ones are opening up all the time. Why do we need more? And how is there still money to be made? On this episode, we speak with A...

2 Elo 202549min

What an LA Bakery Says About the Economy Right Now

What an LA Bakery Says About the Economy Right Now

Bakeries are great microcosms of the economy. There's lots of labor involved. You need commodities like flours and eggs, plus energy for your ovens. You need capital investment to get the ovens in the...

1 Elo 202547min

Circle's CEO on the Booming Business of Stablecoins

Circle's CEO on the Booming Business of Stablecoins

Stablecoins are emerging as one of the most active areas of cryptocurrencies. The idea of using blockchain rails to transmit money has captured the attention of legacy financial institutions as well a...

31 Heinä 202549min

This Is How Chinese Manufacturers Are Countering Trump's Trade War

This Is How Chinese Manufacturers Are Countering Trump's Trade War

President Trump has announced tariffs on basically every trading partner. However there is a real sense that the ultimate goal is to hamper the growing perceived economic threat from China. One vision...

28 Heinä 202548min

How a Trade War With China Could Become a Hot War

How a Trade War With China Could Become a Hot War

Tension between the US and China has been building for some time. But so far this has been limited to issues of trade. The US has imposed tariffs on China. It's imposed restrictions on technology expo...

26 Heinä 202559min

What 300 Years of Firewood Prices Say About the Economy

What 300 Years of Firewood Prices Say About the Economy

Today, the cost of energy — things like electricity, or gas, or heating oil — is considered an essential piece of economic data. But it turns out that for much of America's history, we've been overloo...

25 Heinä 202542min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-sisalto-kuntoon
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rahapuhetta
sijoituspodi
rss-lahtijat
rss-karon-grilli
oppimisen-psykologia
lakicast
rss-startup-ministerio
rss-bisnesta-bebeja
rss-paasipodi
rss-yrittajan-mindset
rss-viisas-raha-podi
rss-draivi