Maria Pia Paganelli on the Relevance of Adam Smith Today

Felipe Valencia on the Economic Impact of the Engineer: The figure of the engineer as an embodiment of what’s productive and wealth-enhancing is a well-known story. But howmuch of the story is true and how much is a myth? Are the engineers really such a powerful force conducive to long-term development? Felip... by Penn‘s Exchange: Markets & Cooperation

38 min listen

Mark Koyama on Dressing Codes and Elite Competition: 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 sp... by Penn‘s Exchange: Markets & Cooperation

37 min listen

Leonard Kukic on Economic Performance of Socialist Yugoslavia: 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 cen... by Penn‘s Exchange: Markets & Cooperation

41 min listen

Melanie Xue on State Repression in Imperial China: 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 organizati... by Penn‘s Exchange: Markets & Cooperation

33 min listen

Oded Galor on the Journey of Humanity: The Origins of Wealth and Inequality: 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 topi... by Penn‘s Exchange: Markets & Cooperation

40 min listen

Michela Giorcelli on the Impact of Management on Productivity: Good managerial practices may help nations and firms increase productivity by rearranging existing resources into more efficient production processes. On the contrary, mismanagement---due to rent-seeking or out of pure neglect---can squander any growth o... by Penn‘s Exchange: Markets & Cooperation

33 min listen

Jesús Fernández-Villaverde on the Incoming Demographic Collapse: 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 challenge... by Penn‘s Exchange: Markets & Cooperation

42 min listen

Jessica Vechbanyongratana on Land Rights, State Capacity and Women‘s Empowerment in Southeast Asia: 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 ... by Penn‘s Exchange: Markets & Cooperation

40 min listen

Michael Andrews on Innovation & its Social Underpinnings: 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 c... by Penn‘s Exchange: Markets & Cooperation

33 min listen

Emily Sellars on State Building in Early Mexico: The process of establishing a functional State is neither simple nor easy. Historical episodes mayhighlight the violent beginnings of current states, but they also help us recognize the inherent complexities in jumpstarting one. The building of the Mexic... by Penn‘s Exchange: Markets & Cooperation

37 min listen

Markus Brunnermeier on the Principles of a Resilient Society: 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 w... by Penn‘s Exchange: Markets & Cooperation

32 min listen

Anne Beck Knudsen on Migration and Cultural Change in Scandinavia: 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 ta... by Penn‘s Exchange: Markets & Cooperation

28 min listen

Nathan Nunn on the Dynamics of Beliefs, Tradition, and Change: 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 Lectur... by Penn‘s Exchange: Markets & Cooperation

30 min listen

Bryan Cutsinger on Money and Banking in Antebellum America: The history of money is the history of human exchange. We may now take for granted theexistence of national monies, but our current monetary system anchored around centralbanks is a product of 20th-century political economy developments. Today we will be... by Penn‘s Exchange: Markets & Cooperation

49 min listen

Oyebola Okunogbe on Ethnic Integration in Nigeria: 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 ind... by Penn‘s Exchange: Markets & Cooperation

37 min listen

Alejandro Martínez-Marquina on the Economic Impact of Winning theLottery: 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 discuss... by Penn‘s Exchange: Markets & Cooperation

33 min listen

Timothy Guinnane on the Reliability of World’s Historical Population Estimates: 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 ... by Penn‘s Exchange: Markets & Cooperation

32 min listen

John H. Cochrane on the Fiscal Theory of the Price Level: "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. Joh... by Penn‘s Exchange: Markets & Cooperation

49 min listen

The Economics of Renaissance Art: 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 bec... by Penn‘s Exchange: Markets & Cooperation

50 min listen

Maria Pia Pagenelli on the Relevance of Adam Smith Today: Adam Smith is widely acknowledged as the father of economics. Yet, in his own time, hewas mostly known for his moral and jural philosophy work. So what do we set to gainby directly reading him today? Today we are joined by Maria Pia Paganelli, who will a... by Penn‘s Exchange: Markets & Cooperation

38 min listen

James McAndrews on Narrow Banking: 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 ... by Penn‘s Exchange: Markets & Cooperation

41 min listen

Maarten Prak & Jan Luiten van Zanden on Pioneers of Capitalism: The Economic History of the Netherlands: 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 joine... by Penn‘s Exchange: Markets & Cooperation

33 min listen

Anna Grzymala-Busse on the Sacred Foundations of European States: 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 wit... by Penn‘s Exchange: Markets & Cooperation

32 min listen

Enrico Spolaore on Political Borders and the Size of Nations by Penn‘s Exchange: Markets & Cooperation

58 min listen

Alex Salter on the Medieval Constitution of Liberty: 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... by Penn‘s Exchange: Markets & Cooperation

37 min listen

Mark Koyama on the Economics of Dune and Science Fiction Worlds: 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 ... by Penn‘s Exchange: Markets & Cooperation

51 min listen

Marc Palen on Pax Economic and the Left-Wing visions of a free trade world: 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 beyo... by Penn‘s Exchange: Markets & Cooperation

56 min listen

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Maria Pia Paganelli on the Relevance of Adam Smith Today

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