About this episode

The episode discusses the impact of relationships on economic transactions and explores theories of economic growth with insights from Dr. Koyama's book.

When do relationships matter with transactions? How did the world become rich? Dr. Stephanie Haeffele the describes the work of scholars like Eleanor Ostrom and Viviana Zelitzer, emphasizing how relationships and social interactions affect economic behavior and policy outcomes. Dr. Koyama explained elements of his book "How the World Became Rich," which examines various theories on economic growth including geography, institutions, and culture, while focusing on how economic innovation originated in Western Europe during the late 17th to early 19th centuries. Great Q&A from college students attending the conference wraps up the podcast. Link to Dr. Koyama's book: How the World Became Rich: The Historical Origins of Economic Growth: 9781509540235: Economics Books @ Amazon.com

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