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.

Avsnitt(1184)

54: How Trump Did Something Yellen, Draghi Could Only Dream Of

54: How Trump Did Something Yellen, Draghi Could Only Dream Of

There's a lot to process from last week's U.S. election. One surprising thing already is the market reaction. Equities surged following the vote, and interest rates are sharply higher. Market measures...

11 Nov 201627min

53: Why We Stopped Trusting Experts

53: Why We Stopped Trusting Experts

One could argue that "expert" has become a bad word. People routinely roll their eyes at the advice of experts and sometimes mock them. Perhaps nowhere is this more clear than the Federal Reserve. In ...

4 Nov 201630min

52: What Math Models of Herding Cows Can Teach Us About Markets

52: What Math Models of Herding Cows Can Teach Us About Markets

Investors are often said to exhibit herding behavior when they follow each other into crowded positions — creating market bubbles that are susceptible to sudden pops when everyone begins stampeding fo...

28 Okt 201631min

51: Why Everyone Is Freaking Out About Globalization

51: Why Everyone Is Freaking Out About Globalization

Dani Rodrik, a professor of International Political Economy at Harvard University, was writing about the downside of globalization before it was cool. The rise of Republican presidential nominee Donal...

21 Okt 201633min

50: What Slavoj Žižek Would Say About Poker and the Peso

50: What Slavoj Žižek Would Say About Poker and the Peso

What does psychoanalytic philosophy tell us about capitalism? In this edition of Odd Lots, we speak to Ole Bjerg, a professor at the Copenhagen Business School. Bjerg studies the work of Slavoj Žižek,...

14 Okt 201631min

49: The Man Who Wants to Better Trading by Slowing It

49: The Man Who Wants to Better Trading by Slowing It

Brad Katsuyama has racked up oceans of newspaper ink since being propelled into the public spotlight as the protagonist of Michael Lewis's book on high-frequency trading, Flash Boys. The 38-year-old c...

12 Okt 201635min

48: The Lost History of Financial Market Modernization

48: The Lost History of Financial Market Modernization

How is it that stocks are traded on electronic exchanges in the blink of an eye but bonds still trade over-the-counter by phone and sometimes even by fax? Today we discuss one of the most pervasive my...

3 Okt 201627min

47: Why it's Time to Stop Using the Word 'Disruption'

47: Why it's Time to Stop Using the Word 'Disruption'

"Disruption," "incubation," "innovation"... you hear these words nonstop these days as people talk about the incredible changes taking place in society thanks to technology. This week on the Odd Lots ...

23 Sep 201627min

Populärt inom Business & ekonomi

framgangspodden
varvet
svd-tech-brief
rss-jossan-nina
rss-borsens-finest
badfluence
rss-svart-marknad
uppgang-och-fall
avanzapodden
fill-or-kill
bathina-en-podcast
rss-inga-dumma-fragor-om-pengar
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-dagen-med-di
lastbilspodden
24fragor
borsmorgon
kapitalet-en-podd-om-ekonomi
bilar-med-sladd