This Explains Why Modern Markets Developed Where They Did
Odd Lots15 Jan 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.

Episoder(1185)

Daniel Yergin on What Happened to the Energy Transition

Daniel Yergin on What Happened to the Energy Transition

A few years ago, governments and corporations were brimming with optimism about the prospect of getting to net-zero in the efforts against climate change. Today, you hear a lot less about that. And wh...

24 Okt 202544min

Why The World Started Hedging Its US Dollar Exposure

Why The World Started Hedging Its US Dollar Exposure

Some economists expected that the dollar would strengthen when the tariffs were imposed. Instead, the opposite happened. The dollar fell sharply and it's been a poor performer all year. Concurrently, ...

23 Okt 202546min

Olli Rehn on the Big Competitiveness Challenge Facing Europe

Olli Rehn on the Big Competitiveness Challenge Facing Europe

The 2010s saw economic weakness across Europe's periphery. Countries like Greece, Spain, Italy, and so forth were the sites of so much stress. In the 2020s, however, it's reversed. The periphery is ho...

22 Okt 202541min

Raghuram Rajan on Surging Gold and Growing Risks to Financial Stability

Raghuram Rajan on Surging Gold and Growing Risks to Financial Stability

Gold has been surging. Risky assets (with a few minor hiccups) have also been surging. And yet, central bankers (most notably the Fed) are in rate cutting mode. Why is this? And what kind of risks are...

20 Okt 202540min

Introducing: The Mishal Husain Show

Introducing: The Mishal Husain Show

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations wit...

19 Okt 20252min

A Trip to Alaska With San Fran Fed President Mary Daly

A Trip to Alaska With San Fran Fed President Mary Daly

Earlier this year, we traveled along with San Francisco Fed President Mary Daly on a trip to Alaska. You may remember the episodes we did with Mary at the time, as well as business and other leaders i...

17 Okt 202534min

Why the Trump Administration is Now Taking Equity Stakes in American Companies

Why the Trump Administration is Now Taking Equity Stakes in American Companies

It's nothing new for the US government to use public money to support private American companies. The Biden administration, via CHIPS and the Inflation Reduction Act, was aggressive about using loans ...

16 Okt 202546min

Why Argentina Needs Bailout After Bailout After Bailout

Why Argentina Needs Bailout After Bailout After Bailout

Argentina is getting bailed out again, with $40 billion of help from the Trump administration. Of course, this is a recurring phenomenon for Argentina, and this time it's happening under the free mark...

15 Okt 202539min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
utbytte
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
pengesnakk
rss-pa-konto
rss-fa-makro
liberal-halvtime
boligbobla
rss-investering-gjort-enkelt