Penn‘s Exchange: Markets & Cooperation https://pism.podbean.com Penn‘s Exchange, the forum where we discuss everything related to the historical experience of markets and their philosophical foundations. Fri, 27 Sep 2024 01:38:19 -0400 https://podbean.com/?v=5.5 en Copyright 2021 All rights reserved. Science:Social Sciences 1440 episodic The forum where we discuss everything related to the historical experience of markets and their philosophical foundations. Penn Initiative for the Study of Markets Penn Initiative for the Study of Markets No false https://pbcdn1.podbean.com/imglogo/image-logo/12756037/podcast_logo_p2jp48.jpg Penn‘s Exchange: Markets & Cooperation https://pism.podbean.com 144 144 Robbie Mochrie on How to Think like an Economist Robbie Mochrie on How to Think like an Economist https://pism.podbean.com/e/robbie-mochrie-on-how-to-think-like-an-economist/ https://pism.podbean.com/e/robbie-mochrie-on-how-to-think-like-an-economist/#comments Fri, 27 Sep 2024 01:38:19 -0400 pism.podbean.com/28744560-44b0-37a3-8834-3cf26fa4204e The questions of what economics is and the role of an economist have long been at the heart of the profession, igniting extensive debate about the nature, scope, potential, and limitations of the discipline. Today, we’ll take a historical approach to these issues, exploring how past thinkers—ranging from Aristotle and Aquinas to Adam Smith and the latest Nobel Prize winners in economics—have defined and approached the study of economics.

]]> The questions of what economics is and the role of an economist have long been at the heart of the profession, igniting extensive debate about the nature, scope, potential, and limitations of the discipline. Today, we’ll take a historical approach to these issues, exploring how past thinkers—ranging from Aristotle and Aquinas to Adam Smith and the latest Nobel Prize winners in economics—have defined and approached the study of economics.

]]> Penn Initiative for the Study of Markets false No 2304 31 full Robbie Mochrie on How to Think like an Economist Oliver Volckart on how Germany created its first common currency in the 16th century Oliver Volckart on how Germany created its first common currency in the 16th century https://pism.podbean.com/e/oliver-volckart-on-how-germany-created-its-first-common-currency-in-the-16th-century/ https://pism.podbean.com/e/oliver-volckart-on-how-germany-created-its-first-common-currency-in-the-16th-century/#comments Mon, 22 Jul 2024 17:06:49 -0400 pism.podbean.com/c46f6c24-572f-39de-bb0f-edae9320095f The concept of a monetary union today implies a multilateral entity that centralizes the emission of a common currency shared by multiple countries. This arrangement provides benefits, such as lower transaction costs, but poses challenges, especially without a complete fiscal union, which can create perverse incentives. However, monetary issues are not new; they have been a consistent aspect of human organizations throughout history. Today, we will discuss how the politically fragmented German lands under the Holy Roman Empire established a common currency in the sixteenth century and examine the debates surrounding its perceived success or failure.

]]> The concept of a monetary union today implies a multilateral entity that centralizes the emission of a common currency shared by multiple countries. This arrangement provides benefits, such as lower transaction costs, but poses challenges, especially without a complete fiscal union, which can create perverse incentives. However, monetary issues are not new; they have been a consistent aspect of human organizations throughout history. Today, we will discuss how the politically fragmented German lands under the Holy Roman Empire established a common currency in the sixteenth century and examine the debates surrounding its perceived success or failure.

]]> Penn Initiative for the Study of Markets false No 2080 30 full Oliver Volckart on how Germany created its first common currency in the 16th century Francisco Bethencourt on the History of the New Christian Trading Elite in the Early Modern Period Francisco Bethencourt on the History of the New Christian Trading Elite in the Early Modern Period https://pism.podbean.com/e/francisco-bethencourt-on-the-history-of-the-new-christian-trading-elite-in-the-early-modern-period/ https://pism.podbean.com/e/francisco-bethencourt-on-the-history-of-the-new-christian-trading-elite-in-the-early-modern-period/#comments Wed, 12 Jun 2024 20:13:55 -0400 pism.podbean.com/1c93e599-e0d2-3b86-8cf4-15e6f83acc32 In 1492, Spain's Alhambra Decree forced Jews to convert to Christianity or face expulsion, leading many to become conversos. Portugal issued a similar edict in 1496. Driven by a desire for religious homogeneity, these measures led to persistent discrimination based on Jewish ancestry. How did this new group of New Christians defend their interests and thrive in economic and social spheres, building connections with Europe, Africa, and the Americas? Today, we talk with Dr. Bethencourt about his new book, "Strangers Within: The Rise and Fall of the New Christian Trading Elite."

]]> In 1492, Spain's Alhambra Decree forced Jews to convert to Christianity or face expulsion, leading many to become conversos. Portugal issued a similar edict in 1496. Driven by a desire for religious homogeneity, these measures led to persistent discrimination based on Jewish ancestry. How did this new group of New Christians defend their interests and thrive in economic and social spheres, building connections with Europe, Africa, and the Americas? Today, we talk with Dr. Bethencourt about his new book, "Strangers Within: The Rise and Fall of the New Christian Trading Elite."

]]> Penn Initiative for the Study of Markets false No 3564 29 full Francisco Bethencourt on the History of the New Christian Trading Elite in the Early Modern Period Marc Palen on Pax Economica and the Left-Wing visions of a free trade world Marc Palen on Pax Economica and the Left-Wing visions of a free trade world https://pism.podbean.com/e/marc-palen-on-pax-economic-and-the-left-wing-visions-of-a-free-trade-world/ https://pism.podbean.com/e/marc-palen-on-pax-economic-and-the-left-wing-visions-of-a-free-trade-world/#comments Tue, 07 May 2024 21:34:38 -0400 pism.podbean.com/b89b338d-27d8-34d5-82b0-e2beb1842574 In today's political discussions, the endorsement of free trade is commonly linked with perspectives that lean toward the right side of the spectrum. However, it's crucial to recognize that the roots of free trade and classical liberalism extend beyond contemporary left-right divides. As a result, the promotion of free trade has profoundly impacted modern ideologies across the political spectrum. Originating as a response to the imperialist and mercantilist policies of the early 19th century, the ideals of free trade possess a profound intellectual legacy intertwined with the narratives of historical social radicals, feminists, and pacifists. Joining us today is Marc Palen, author of "Pax Economica: Left-Wing Visions of a Free Trade World," who will delve into the themes explored in his recent publication.

]]> In today's political discussions, the endorsement of free trade is commonly linked with perspectives that lean toward the right side of the spectrum. However, it's crucial to recognize that the roots of free trade and classical liberalism extend beyond contemporary left-right divides. As a result, the promotion of free trade has profoundly impacted modern ideologies across the political spectrum. Originating as a response to the imperialist and mercantilist policies of the early 19th century, the ideals of free trade possess a profound intellectual legacy intertwined with the narratives of historical social radicals, feminists, and pacifists. Joining us today is Marc Palen, author of "Pax Economica: Left-Wing Visions of a Free Trade World," who will delve into the themes explored in his recent publication.

]]> Penn Initiative for the Study of Markets false No 3364 28 full Marc Palen on Pax Economica and the Left-Wing visions of a free trade world Mark Koyama on the Economics of Dune and Science Fiction Worlds Mark Koyama on the Economics of Dune and Science Fiction Worlds https://pism.podbean.com/e/mark-koyama-on-the-economics-of-dune-and-science-fiction-worlds/ https://pism.podbean.com/e/mark-koyama-on-the-economics-of-dune-and-science-fiction-worlds/#comments Mon, 25 Mar 2024 17:41:27 -0400 pism.podbean.com/27eaf774-fb5b-3ea3-bddf-5ebf7a26fad9 Sci-fi builds alternative realities from current science, spanning space travel, AI, genetics, and quantum mechanics. Its appeal lies not only in scientific accuracy but also in the constraints it imposes on characters within these worlds. Audiences are drawn to the social questions it poses, exploring diverse societies, cultures, and interpersonal dynamics. Themes delve into human behavior, societal structures, power dynamics, and the impacts of technology. Mark will explore how social science influences sci-fi narratives and the insights they offer through a discussion of one of the most important pieces of science fiction: Dune.

]]> Sci-fi builds alternative realities from current science, spanning space travel, AI, genetics, and quantum mechanics. Its appeal lies not only in scientific accuracy but also in the constraints it imposes on characters within these worlds. Audiences are drawn to the social questions it poses, exploring diverse societies, cultures, and interpersonal dynamics. Themes delve into human behavior, societal structures, power dynamics, and the impacts of technology. Mark will explore how social science influences sci-fi narratives and the insights they offer through a discussion of one of the most important pieces of science fiction: Dune.

]]> Penn Initiative for the Study of Markets false No 3086 27 full Mark Koyama on the Economics of Dune and Science Fiction Worlds Alex Salter on the Medieval Constitution of Liberty Alex Salter on the Medieval Constitution of Liberty https://pism.podbean.com/e/alex-salter-on-the-medieval-constitution-of-liberty/ https://pism.podbean.com/e/alex-salter-on-the-medieval-constitution-of-liberty/#comments Fri, 23 Feb 2024 16:37:13 -0500 pism.podbean.com/802557a4-6c86-3377-aead-574f5ab1916f The Great Enrichment stands as one of humanity's pivotal moments, igniting in Europe during the 17th to 19th centuries, prompting countless attempts to decipher its origins. Today, Dr. Salter will delve into his latest collaborative work with Professor Andrew Young, titled "The Medieval Constitution of Liberty: Political Foundations of Liberalism in the West." In this book, they argue that Western exceptionalism traces back to the intricate and fragmented political systems of Medieval Europe. These structures, they assert, provided the fertile ground for effective governance, which in turn spurred the generation of wealth. 

      ]]> The Great Enrichment stands as one of humanity's pivotal moments, igniting in Europe during the 17th to 19th centuries, prompting countless attempts to decipher its origins. Today, Dr. Salter will delve into his latest collaborative work with Professor Andrew Young, titled "The Medieval Constitution of Liberty: Political Foundations of Liberalism in the West." In this book, they argue that Western exceptionalism traces back to the intricate and fragmented political systems of Medieval Europe. These structures, they assert, provided the fertile ground for effective governance, which in turn spurred the generation of wealth. 

      ]]> Penn Initiative for the Study of Markets false No 2219 26 full Alex Salter on the Medieval Constitution of Liberty Anna Grzymala-Busse on the Sacred Foundations of European States Anna Grzymala-Busse on the Sacred Foundations of European States https://pism.podbean.com/e/anna-grzymala-busse-on-the-sacred-foundations-of-european-states/ https://pism.podbean.com/e/anna-grzymala-busse-on-the-sacred-foundations-of-european-states/#comments Sun, 14 May 2023 14:24:36 -0400 pism.podbean.com/5abee770-736d-3769-a97c-0b69cbd8ed1a From the 11th to 14th centuries, the Roman Catholic Church was Europe’s largest and most organized institution. Unlike any other entity at the time, it had the capacity to tax, create law and administer justice. Secular authorities had to grapple with it. They competed and allied with it. But most importantly, they emulated it. Today we will be talking with Dr. Anna Grzymala-Busse about her most recent book, Sacred Foundations: The Religious and medieval roots of the European State.

]]> From the 11th to 14th centuries, the Roman Catholic Church was Europe’s largest and most organized institution. Unlike any other entity at the time, it had the capacity to tax, create law and administer justice. Secular authorities had to grapple with it. They competed and allied with it. But most importantly, they emulated it. Today we will be talking with Dr. Anna Grzymala-Busse about her most recent book, Sacred Foundations: The Religious and medieval roots of the European State.

]]> Penn Initiative for the Study of Markets false No 1903 25 full Anna Grzymala-Busse on the Sacred Foundations of European States John H. Cochrane on the Fiscal Theory of the Price Level John H. Cochrane on the Fiscal Theory of the Price Level https://pism.podbean.com/e/john-h-cochrane-on-the-fiscal-theory-of-the-price-level/ https://pism.podbean.com/e/john-h-cochrane-on-the-fiscal-theory-of-the-price-level/#comments Sun, 16 Apr 2023 19:30:57 -0400 pism.podbean.com/7d318bc0-a45a-3de6-a761-0b84013ff1e1 "Too much money spent chasing too few goods" is the preferred explanation that most people think about when discussing the causes of inflation. But how generally applicable is said argument to our modern economy? Today we will be talking with Dr. John Cochrane, who will speak about his most recent book, The Fiscal Theory of the Price Level, where he argues that changes in price levels depend rather on the expectations of the ability of governments to repay their debt

]]> "Too much money spent chasing too few goods" is the preferred explanation that most people think about when discussing the causes of inflation. But how generally applicable is said argument to our modern economy? Today we will be talking with Dr. John Cochrane, who will speak about his most recent book, The Fiscal Theory of the Price Level, where he argues that changes in price levels depend rather on the expectations of the ability of governments to repay their debt

]]> Penn Initiative for the Study of Markets false No 2963 24 full John H. Cochrane on the Fiscal Theory of the Price Level Enrico Spolaore on Political Borders and the Size of Nations Enrico Spolaore on Political Borders and the Size of Nations https://pism.podbean.com/e/enrico-spolaore-on-political-borders-and-the-size-of-nations/ https://pism.podbean.com/e/enrico-spolaore-on-political-borders-and-the-size-of-nations/#comments Sun, 19 Mar 2023 13:04:45 -0400 pism.podbean.com/31f40447-1a38-3262-b712-82388d901a0b We tend to think of political borders as exogenous artifacts that are imposed in a top-down manner by governments with imperial ambitions. And while this is true in some cases, there is a more significant case to be made for the alternative, where borders and jurisdictions are endogenous to the populations that draw them. A country's size and frontiers depend on the political and economic costs and benefits of sticking together or breaking up. Today we will have Enrico Spolaore, a leading economist in this research area, who will talk about countries' optimal size and why borders are drawn the way they are.

]]> We tend to think of political borders as exogenous artifacts that are imposed in a top-down manner by governments with imperial ambitions. And while this is true in some cases, there is a more significant case to be made for the alternative, where borders and jurisdictions are endogenous to the populations that draw them. A country's size and frontiers depend on the political and economic costs and benefits of sticking together or breaking up. Today we will have Enrico Spolaore, a leading economist in this research area, who will talk about countries' optimal size and why borders are drawn the way they are.

]]> Penn Initiative for the Study of Markets false No 3478 23 full Enrico Spolaore on Political Borders and the Size of Nations Maarten Prak & Jan Luiten van Zanden on Pioneers of Capitalism: The Economic History of the Netherlands Maarten Prak & Jan Luiten van Zanden on Pioneers of Capitalism: The Economic History of the Netherlands https://pism.podbean.com/e/maarten-prak-jan-luiten-van-zanden-on-pioneers-of-capitalism-the-economic-history-of-the-netherlands/ https://pism.podbean.com/e/maarten-prak-jan-luiten-van-zanden-on-pioneers-of-capitalism-the-economic-history-of-the-netherlands/#comments Sun, 26 Feb 2023 18:32:39 -0500 pism.podbean.com/1685c9f8-d153-342b-81bf-4431b12a9618 Before the 13th Century, the low countries were a small region at the fringe of Europe. Yet, by the 17th Century, the Netherlands had transformed into the most prosperous society in the world. How did such transformation occur? Today we will be joined by Professors Praak and van Zanden, who will discuss their most recent book "Pioneers of Capitalism" and guide us into the economic history of medieval and early modern history, telling a story about how a strong civil community and feudal institutions interacted to give birth to the first capitalist society

]]> Before the 13th Century, the low countries were a small region at the fringe of Europe. Yet, by the 17th Century, the Netherlands had transformed into the most prosperous society in the world. How did such transformation occur? Today we will be joined by Professors Praak and van Zanden, who will discuss their most recent book "Pioneers of
Capitalism" and guide us into the economic history of medieval and early modern history, telling a story about how a strong civil community and feudal institutions interacted to give birth to the first capitalist society

]]> Penn Initiative for the Study of Markets false No 1988 22 full Maarten Prak & Jan Luiten van Zanden on Pioneers of Capitalism: The Economic History of the Netherlands Ennio Piano on The Economics of Renaissance Art Ennio Piano on The Economics of Renaissance Art https://pism.podbean.com/e/the-economics-of-renaissance-art/ https://pism.podbean.com/e/the-economics-of-renaissance-art/#comments Sun, 05 Feb 2023 21:10:40 -0500 pism.podbean.com/c33d33a6-5423-3a9a-9733-018fec3b8def As its name implies, the Renaissance is often thought of as a turning point in human history. Art is its most celebrated, long-lasting legacy. And the romanticized perception of the artist as a genius is its byproduct. But how exactly did artists become artists? Who commissioned their work? How could the patrons oversee the quality of the work they were commissioning? We will be talking today with Ennio Piano about the economics of art markets in the Renaissance.

]]> As its name implies, the Renaissance is often thought of as a turning point in human history. Art is its most celebrated, long-lasting legacy. And the romanticized perception of the artist as a genius is its byproduct. But how exactly did artists become artists? Who commissioned their work? How could the patrons oversee the quality of the work they
were commissioning? We will be talking today with Ennio Piano about the economics of art markets in the Renaissance.

]]> Penn Initiative for the Study of Markets false No 2997 21 full Ennio Piano on The Economics of Renaissance Art Oyebola Okunogbe on Ethnic Integration in Nigeria Oyebola Okunogbe on Ethnic Integration in Nigeria https://pism.podbean.com/e/oyebola-okunogbe-on-ethnic-integration-in-nigeria/ https://pism.podbean.com/e/oyebola-okunogbe-on-ethnic-integration-in-nigeria/#comments Mon, 05 Dec 2022 20:11:39 -0500 pism.podbean.com/724b55e6-848a-3830-8f63-3ce84d37404f Nigeria is Africa’s largest state by population size and by nominal GDP. It is a multiethnic state where more than 250 minorities coexist. Political conflict due to geographic, religious, and cultural differences has been a common theme since its independence from Britain in 1960. How can a large and diverse state like Nigeria be fully integrated into one common Nation? Today, Dr. Okunogbe will talk to us about her recent research. 

]]> Nigeria is Africa’s largest state by population size and by nominal GDP. It is a multiethnic state where more than 250 minorities coexist. Political conflict due to geographic, religious, and cultural differences has been a common theme since its independence from Britain in 1960. How can a large and diverse state like Nigeria be fully integrated into
one common Nation? Today, Dr. Okunogbe will talk to us about her recent research. 

]]> Penn Initiative for the Study of Markets false No 2207 20 full Oyebola Okunogbe on Ethnic Integration in Nigeria Yuhua Wang on the Rise and Fall of Imperial China Yuhua Wang on the Rise and Fall of Imperial China https://pism.podbean.com/e/yuhua-wang-on-the-rise-and-fall-of-imperial-china/ https://pism.podbean.com/e/yuhua-wang-on-the-rise-and-fall-of-imperial-china/#comments Mon, 21 Nov 2022 20:21:55 -0500 pism.podbean.com/b4993377-81cb-30fe-b427-52e2ac5bcc89 Up until the 18th century, China was the world’s hegemon. So how did it get there in the first place? And why did the Empire collapse abruptly in the 20th century? Today, Yuhua Wang will talk to us about his most recent book, where he argues the Chinese state experienced a gradual decline in its state capacity caused by a sovereign’s dilemma, where cohesive elites strengthened the state but also weakened the position of the emperor.

]]> Up until the 18th century, China was the world’s hegemon. So how did it get there in the first place? And why did the Empire collapse abruptly in the 20th century? Today, Yuhua Wang will talk to us about his most recent book, where he argues the Chinese state experienced a gradual decline in its state capacity caused by a sovereign’s dilemma, where cohesive elites strengthened the state but also weakened the position of the emperor.

]]> Penn Initiative for the Study of Markets false No 2367 19 full Yuhua Wang on the Rise and Fall of Imperial China James McAndrews on Narrow Banking James McAndrews on Narrow Banking https://pism.podbean.com/e/james-mcandrews-on-narrow-banking/ https://pism.podbean.com/e/james-mcandrews-on-narrow-banking/#comments Mon, 31 Oct 2022 12:14:38 -0400 pism.podbean.com/3481b0ed-e921-3f21-9764-ab549d9cc8f7 Narrow banks are depository institutions that focus on investing in federal reserve deposits and pass on most of the interest accrued to their respective depositors. Dr. James McAndrews, CEO of TNB USA Inc., will help us unravel what role narrow banking can play in modern financial systems.

]]> Narrow banks are depository institutions that focus on investing in federal reserve deposits and pass on most of the interest accrued to their respective depositors. Dr. James McAndrews, CEO of TNB USA Inc., will help us unravel what role narrow banking can play in modern financial systems.

]]> Penn Initiative for the Study of Markets false No 2489 18 full James McAndrews on Narrow Banking Maria Pia Paganelli on the Relevance of Adam Smith Today Maria Pia Paganelli on the Relevance of Adam Smith Today https://pism.podbean.com/e/maria-pia-pagenelli-on-the-relevance-of-adam-smith-today/ https://pism.podbean.com/e/maria-pia-pagenelli-on-the-relevance-of-adam-smith-today/#comments Sun, 16 Oct 2022 18:34:02 -0400 pism.podbean.com/8a339e3e-bfea-3098-8266-fd15b20d6bd6 Adam Smith is widely acknowledged as the father of economics. Yet, in his own time, he was mostly known for his moral and jural philosophy work. So what do we set to gain by directly reading him today? Today we are joined by Maria Pia Paganelli, who will act as our guide into Adam Smith's work and the importance of the History of Economic Thought as a discipline. 

]]> Adam Smith is widely acknowledged as the father of economics. Yet, in his own time, he was mostly known for his moral and jural philosophy work. So what do we set to gain by directly reading him today? Today we are joined by Maria Pia Paganelli, who will act as our guide into Adam Smith's work and the importance of the History of Economic Thought as a discipline. 

]]> Penn Initiative for the Study of Markets false No 2287 17 full Maria Pia Paganelli on the Relevance of Adam Smith Today Alejandro Martínez-Marquina on the Economic Impact of Winning theLottery Alejandro Martínez-Marquina on the Economic Impact of Winning theLottery https://pism.podbean.com/e/alejandro-martinez-marquina-on-the-economic-impact-of-winning-thelottery/ https://pism.podbean.com/e/alejandro-martinez-marquina-on-the-economic-impact-of-winning-thelottery/#comments Sun, 02 Oct 2022 19:42:43 -0400 pism.podbean.com/12e3cbf0-8441-30d8-8159-fda0baecb8bc Cash transfers have become a much-discussed policy tool. But studying the impact of sudden wealth shocks remains controversial. Martínez-Marquina joins us to discuss his recent research on an interesting setting that may help us shed light on the discussion: the effect of winning the lottery in Spanish towns since the 1900s.

]]> Cash transfers have become a much-discussed policy tool. But studying the impact of sudden wealth shocks remains controversial. Martínez-Marquina joins us to discuss his recent research on an interesting setting that may help us shed light on the discussion: the effect of winning the lottery in Spanish towns since the 1900s.

]]> Penn Initiative for the Study of Markets false No 1976 16 full Alejandro Martínez-Marquina on the Economic Impact of Winning theLottery Timothy Guinnane on the Reliability of World’s Historical Population Estimates Timothy Guinnane on the Reliability of World’s Historical Population Estimates https://pism.podbean.com/e/timothy-guinnane-on-the-reliability-of-world-s-historical-population-estimates/ https://pism.podbean.com/e/timothy-guinnane-on-the-reliability-of-world-s-historical-population-estimates/#comments Sun, 11 Sep 2022 22:34:02 -0400 pism.podbean.com/7d2600fb-9deb-33a2-8e88-398de98ba2b0 To measure is to know. That has been science's dictum since the industrial revolution. But what happens when our measurement estimates are wrong? Today we will be joined by Timothy Guinnane. He will talk to us about how inaccurate the world's historical population estimates are and the general implications for economics, demography, and social sciences.

 

 

]]> To measure is to know. That has been science's dictum since the industrial revolution. But what happens when our measurement estimates are wrong? Today we will be joined by Timothy Guinnane. He will talk to us about how inaccurate the world's historical population estimates are and the general implications for economics, demography, and social sciences.

 

 

]]> Penn Initiative for the Study of Markets false No 1903 15 full Timothy Guinnane on the Reliability of World’s Historical Population Estimates Anne Beck Knudsen on Migration and Cultural Change in Scandinavia Anne Beck Knudsen on Migration and Cultural Change in Scandinavia https://pism.podbean.com/e/anne-beck-knudsen-on-migration-and-cultural-change-in-scandinavia/ https://pism.podbean.com/e/anne-beck-knudsen-on-migration-and-cultural-change-in-scandinavia/#comments Sun, 14 Aug 2022 18:57:43 -0400 pism.podbean.com/72713343-3a32-344a-aceb-8d51e71ba5bf  What makes people move away from their places of origin, and what are the consequences? Economic concerns matter, of course, but cultural attitudes that select people to migrate matter too. Today we will be joined by Anne Beck Sofie Knudsen, who will talk to us about Scandinavian migration to America in the 19th century

]]>  What makes people move away from their places of origin, and what are the consequences? Economic concerns matter, of course, but cultural attitudes that select people to migrate matter too. Today we will be joined by Anne Beck Sofie Knudsen, who will talk to us about Scandinavian migration to America in the 19th century

]]> Penn Initiative for the Study of Markets false No 1653 14 full Anne Beck Knudsen on Migration and Cultural Change in Scandinavia Bryan Cutsinger on Money and Banking in Antebellum America Bryan Cutsinger on Money and Banking in Antebellum America https://pism.podbean.com/e/bryan-cutsinger-on-money-and-banking-in-antebellum-america/ https://pism.podbean.com/e/bryan-cutsinger-on-money-and-banking-in-antebellum-america/#comments Sun, 31 Jul 2022 16:05:30 -0400 pism.podbean.com/507b83e2-640b-36fe-94d4-a423ce0187d8 The history of money is the history of human exchange. We may now take for granted the existence of national monies, but our current monetary system anchored around central banks is a product of 20th-century political economy developments. Today we will be joined by Bryan Cutsinger, who will discuss his research on the history of money provision in North America in the 19th century.

]]> The history of money is the history of human exchange. We may now take for granted the
existence of national monies, but our current monetary system anchored around central
banks is a product of 20th-century political economy developments. Today we will be
joined by Bryan Cutsinger, who will discuss his research on the history of money provision
in North America in the 19th century.

]]> Penn Initiative for the Study of Markets false No 2967 13 full Bryan Cutsinger on Money and Banking in Antebellum America Oded Galor on the Journey of Humanity: The Origins of Wealth and Inequality Oded Galor on the Journey of Humanity: The Origins of Wealth and Inequality https://pism.podbean.com/e/oded-galor-on-the-journey-of-humanity-the-origins-of-wealth-and-inequality/ https://pism.podbean.com/e/oded-galor-on-the-journey-of-humanity-the-origins-of-wealth-and-inequality/#comments Mon, 25 Apr 2022 22:36:19 -0400 pism.podbean.com/36d62a6b-ca6d-3333-b62d-a801e88a1d53 Global concerns about comparative economic development, growth, and inequality cannot be adequately assessed without attending to the core foundations that have shaped human history. Today, Oded Galor joins us to discuss his most recent book on this topic: The Journey of Humanity. We talk about why a unified approach to economic growth is needed, why population size, population composition, and technological change matter, and why we can be hopeful about humanity's future.

You can get the book here: www.amazon.com/Journey-Humanity-Origins-Wealth-Inequality/dp/0593185994

]]> Global concerns about comparative economic development, growth, and inequality cannot be adequately assessed without attending to the core foundations that have shaped human history. Today, Oded Galor joins us to discuss his most recent book on this topic: The Journey of Humanity. We talk about why a unified approach to economic growth is needed, why population size, population composition, and technological change matter, and why we can be hopeful about humanity's future.

You can get the book here: www.amazon.com/Journey-Humanity-Origins-Wealth-Inequality/dp/0593185994

]]> Penn Initiative for the Study of Markets false No 2386 12 full Oded Galor on the Journey of Humanity: The Origins of Wealth and Inequality Nathan Nunn on the Dynamics of Beliefs, Tradition, and Change Nathan Nunn on the Dynamics of Beliefs, Tradition, and Change https://pism.podbean.com/e/nathan-nunn-on-the-dynamics-of-beliefs-tradition-and-change/ https://pism.podbean.com/e/nathan-nunn-on-the-dynamics-of-beliefs-tradition-and-change/#comments Sun, 03 Apr 2022 14:40:17 -0400 pism.podbean.com/96908934-c96b-328a-8fc0-57f4a0bd4513 Culture and tradition are important determinants of human behavior that are usually perceived to be outside the proper scope of economics. Today, Nathan Nunn will join us to discuss his most recent paper delivered during the 2022 AEA Distinguished Lecture. We talk about why culture matters, how beliefs are formed, and when relying on tradition may pay off.

 

]]> Culture and tradition are important determinants of human behavior that are usually perceived to be outside the proper scope of economics. Today, Nathan Nunn will join us to discuss his most recent paper delivered during the 2022 AEA Distinguished Lecture. We talk about why culture matters, how beliefs are formed, and when relying on tradition may pay off.

 

]]> Penn Initiative for the Study of Markets false No 1812 11 full Nathan Nunn on the Dynamics of Beliefs, Tradition, and Change Jesús Fernández-Villaverde on the Incoming Demographic Collapse Jesús Fernández-Villaverde on the Incoming Demographic Collapse https://pism.podbean.com/e/jesus-fernandez-villaverde-on-the-incoming-demographic-collapse/ https://pism.podbean.com/e/jesus-fernandez-villaverde-on-the-incoming-demographic-collapse/#comments Mon, 14 Mar 2022 01:36:51 -0400 pism.podbean.com/ce46dfe0-6ff1-323f-a3c4-995c5eddea03 Most recent demographic projections suggest humanity will reach its population peak by the end of the century. What lies ahead is uncertain as it will be a first for our world. Today, Professor Jesús Fernández-Villaverde joins us to discuss the challenges and the opportunities that may come with the end of the world's demographic transition. 

]]> Most recent demographic projections suggest humanity will reach its population peak by the end of the century. What lies ahead is uncertain as it will be a first for our world. Today, Professor Jesús Fernández-Villaverde joins us to discuss the challenges and the opportunities that may come with the end of the world's demographic transition. 

]]> Penn Initiative for the Study of Markets false No 2532 10 full Jesús Fernández-Villaverde on the Incoming Demographic Collapse Michela Giorcelli on the Impact of Management on Productivity Michela Giorcelli on the Impact of Management on Productivity https://pism.podbean.com/e/michela-giorcelli-on-the-impact-of-management-on-productivity/ https://pism.podbean.com/e/michela-giorcelli-on-the-impact-of-management-on-productivity/#comments Sun, 27 Feb 2022 20:49:56 -0500 pism.podbean.com/98c53aa0-094b-37c2-96e5-cf94a0a700a9 Penn Initiative for the Study of Markets false No 1962 9 full Michela Giorcelli on the Impact of Management on Productivity Michael Andrews on Innovation & its Social Underpinnings Michael Andrews on Innovation & its Social Underpinnings https://pism.podbean.com/e/innovation-its-social-underpinnings/ https://pism.podbean.com/e/innovation-its-social-underpinnings/#comments Sun, 13 Feb 2022 18:28:08 -0500 pism.podbean.com/a17f2ea7-3a03-3ae6-8a5f-8775b78a2a9d Innovation is heralded as an essential trait of success in modern firms and societies alike. Entrepreneurs are hailed as our modern-day heroes, persons with creativity and heightened perceptiveness committed to finding better and more efficient ways of creating value. But what are the social conditions necessary to foster people like that? What are the broader institutional underpinnings that facilitate innovation? Today Michael will talk to us about it

]]> Innovation is heralded as an essential trait of success in modern firms and societies alike. Entrepreneurs are hailed as our modern-day heroes, persons with creativity and heightened perceptiveness committed to finding better and more efficient ways of creating value. But what are the social conditions necessary to foster people like that? What are the broader institutional underpinnings that facilitate innovation? Today Michael will talk to us about it

]]> Penn Initiative for the Study of Markets false No 2006 8 full Michael Andrews on Innovation & its Social Underpinnings Markus Brunnermeier on the Principles of a Resilient Society Markus Brunnermeier on the Principles of a Resilient Society https://pism.podbean.com/e/markus-brunnermeier-on-the-principles-of-a-resilient-society/ https://pism.podbean.com/e/markus-brunnermeier-on-the-principles-of-a-resilient-society/#comments Sun, 30 Jan 2022 19:56:13 -0500 pism.podbean.com/a9120c27-e04c-3fb8-b963-f9237639638f Human societies are inherently prone to recurring shocks that constantly disrupt their organization. How can we effectively manage these shocks? How can we build better societal mechanisms to cope better and assure us a return to normalcy? Today Markus will help us understand the severity of the issue.

]]> Human societies are inherently prone to recurring shocks that constantly disrupt their organization. How can we effectively manage these shocks? How can we build better societal mechanisms to cope better and assure us a return to normalcy? Today Markus will help us understand the severity of the issue.

]]> Penn Initiative for the Study of Markets false No 1949 7 full Markus Brunnermeier on the Principles of a Resilient Society Jessica Vechbanyongratana on Land Rights, State Capacity and Women‘s Empowerment in Southeast Asia Jessica Vechbanyongratana on Land Rights, State Capacity and Women‘s Empowerment in Southeast Asia https://pism.podbean.com/e/jessica-vechbanyongratana-on-land-rights-state-capacity-and-women-s-empowerment-in-southeast-asia/ https://pism.podbean.com/e/jessica-vechbanyongratana-on-land-rights-state-capacity-and-women-s-empowerment-in-southeast-asia/#comments Sun, 05 Dec 2021 20:40:37 -0500 pism.podbean.com/be1a483a-390e-3bd6-9f42-c5e5eaa57cc0 Southeast Asia has historically been the land of spices and riches to Westerners. To Asians, it was the buffer zone of conflict where Indian Buddhism and Chinese Confucianism collided. A geographical area where highlands and rain forest create the ideal spot for huge, diverse societies to emerge. Today, Jessica will talk to us about how these factors contributed to molding specific land-ownership patterns in the region and their impact on gender relations.

]]> Southeast Asia has historically been the land of spices and riches to Westerners. To Asians, it was the buffer zone of conflict where Indian Buddhism and Chinese Confucianism collided. A geographical area where highlands and rain forest create the ideal spot for huge, diverse societies to emerge. Today, Jessica will talk to us about how these factors contributed to molding specific land-ownership patterns in the region and their impact on gender relations.

]]> Penn Initiative for the Study of Markets false No 2429 6 full Jessica Vechbanyongratana on Land Rights, State Capacity and Women‘s Empowerment in Southeast Asia Leonard Kukic on Economic Performance of Socialist Yugoslavia Leonard Kukic on Economic Performance of Socialist Yugoslavia https://pism.podbean.com/e/leonard-kukic-on-economic-performance-of-socialist-yugoslavia/ https://pism.podbean.com/e/leonard-kukic-on-economic-performance-of-socialist-yugoslavia/#comments Sun, 14 Nov 2021 15:48:17 -0500 pism.podbean.com/61c7ede7-3dfb-3433-9fd8-e7d45f614f01 Out of World War II, a socialist state was born under the leadership of Joseph Tito that united many of the several ethnicities into one polity: Yugoslavia. It has been described as an alternative type of socialism deviating from a firm conception of central planning.  Today Leonard Kukić will talk to us about how successful the experiment was in economic performance and its capability to unify the region.

]]> Out of World War II, a socialist state was born under the leadership of Joseph Tito that united many of the several ethnicities into one polity: Yugoslavia. It has been described as an alternative type of socialism deviating from a firm conception of central planning.  Today Leonard Kukić will talk to us about how successful the experiment was in economic performance and its capability to unify the region.

]]> Penn Initiative for the Study of Markets false No 2452 5 full Leonard Kukic on Economic Performance of Socialist Yugoslavia Melanie Xue on State Repression in Imperial China Melanie Xue on State Repression in Imperial China https://pism.podbean.com/e/melanie-xue-on-state-repression-in-imperial-china/ https://pism.podbean.com/e/melanie-xue-on-state-repression-in-imperial-china/#comments Sun, 31 Oct 2021 18:49:35 -0400 pism.podbean.com/9cf17107-1029-3d75-a676-99dc44caa311 In 17th century China, the Qing regime persecuted individuals for speech crimes against the state through literary inquisitions. The persecution targeted intellectuals, diminishing their reputation. It also affected the operation of charitable organizations. Through time, they amplified distrust of others and increased apathy towards local governance.  Today Melanie will talk to us about it

]]> In 17th century China, the Qing regime persecuted individuals for speech crimes against the state through literary inquisitions. The persecution targeted intellectuals, diminishing their reputation. It also affected the operation of charitable organizations. Through time, they amplified distrust of others and increased apathy towards local governance.  Today Melanie will talk to us about it

]]> Penn Initiative for the Study of Markets false No 1955 4 full Melanie Xue on State Repression in Imperial China Emily Sellars on State Building in Early Mexico Emily Sellars on State Building in Early Mexico https://pism.podbean.com/e/emily-sellars-on-state-building-in-early-mexico/ https://pism.podbean.com/e/emily-sellars-on-state-building-in-early-mexico/#comments Sun, 17 Oct 2021 16:42:31 -0400 pism.podbean.com/e4ec5a4c-bdc3-3dce-ac61-1feba4945bf0 The process of establishing a functional State is neither simple nor easy. Historical episodes may highlight the violent beginnings of current states, but they also help us recognize the inherent complexities in jumpstarting one. The building of the Mexican State was achieved by contingencies that arose out of the Conquest, by which Spanish and Native Conquistadores gained power and assured their right to self-governance vis a vis a central government. Emily talks to us about the challenges to build a State in this context.

]]> The process of establishing a functional State is neither simple nor easy. Historical episodes may
highlight the violent beginnings of current states, but they also help us recognize the inherent complexities in jumpstarting one. The building of the Mexican State was achieved by contingencies that arose out of the Conquest, by which Spanish and Native Conquistadores gained power and assured their right to self-governance vis a vis a central government. Emily talks to us about the challenges to build a State in this context.

]]> Penn Initiative for the Study of Markets false No 2240 3 full Emily Sellars on State Building in Early Mexico Felipe Valencia on the Economic Impact of the Engineer Felipe Valencia on the Economic Impact of the Engineer https://pism.podbean.com/e/felipe-valencia-on-the-economic-impact-of-the-engineer/ https://pism.podbean.com/e/felipe-valencia-on-the-economic-impact-of-the-engineer/#comments Mon, 27 Sep 2021 13:04:06 -0400 pism.podbean.com/3bb989a0-e93d-30f6-9c5f-a852ace99cfa The figure of the engineer as an embodiment of what’s productive and wealth-enhancing is a well-known story. But how much of the story is true and how much is a myth? Are the engineers really such a powerful force conducive to long-term development? Felipe will talk about how the engineer has impacted economic growth of our societies. 

]]> The figure of the engineer as an embodiment of what’s productive and wealth-enhancing is a well-known story. But how
much of the story is true and how much is a myth? Are the engineers really such a powerful force conducive to long-term development? Felipe will talk about how the engineer has impacted economic growth of our societies. 

]]> The figure of the engineer as an embodiment of what’s productive and wealth-enhancing is a well-known story. But how much of the story is true and how much is a myth? Penn Initiative for the Study of Markets false No 2307 1 trailer Felipe Valencia on the Economic Impact of the Engineer Mark Koyama on Dressing Codes and Elite Competition Mark Koyama on Dressing Codes and Elite Competition https://pism.podbean.com/e/mark-koyama-on-dressing-codes-and-elite-competition/ https://pism.podbean.com/e/mark-koyama-on-dressing-codes-and-elite-competition/#comments Mon, 27 Sep 2021 13:00:03 -0400 pism.podbean.com/69e0aafa-9356-38d6-934c-b48666397356 Sumptuary Laws were regulations that aimed to restrict excessiveness in the consumption of certain personal items of daily life, especially in food and clothes. . While these types of laws had existed in Europe since at least the Greeks their presence spiked in the late middle ages. Yet, by the 19th century, they had disappeared. What explains their appearance in disappearance? Mark talks to us about it, and how it relates to political economy problems of competition between elites.

]]> Sumptuary Laws were regulations that aimed to restrict excessiveness in the consumption of certain personal items of daily life, especially in food and clothes. . While these types of laws had existed in Europe since at least the Greeks their presence spiked in the late middle ages. Yet, by the 19th century, they had disappeared. What explains their appearance in disappearance? Mark talks to us about it, and how it relates to political economy problems of competition between elites.

]]> Sumptuary Laws were regulations that aimed to restrict excessiveness in the consumption of certain personal items of daily life, especially in food and clothes. How does it relate to political economy problems of competition between elites? Penn Initiative for the Study of Markets false No 2197 1 trailer Mark Koyama on Dressing Codes and Elite Competition