About this episode

The episode discusses the prevalence of hereditary monarchy in human political history and its relation to transaction costs.

Send us Fan Mail Hereditary monarchy seems like a ridiculous way to pick a leader, yet it dominates most of human political history. We argue the reason is transaction costs: succession systems survive when they settle “who rules next” cheaply enough to prevent recurring civil war. • Why hereditary monarchy is historically prevalent compared with democracy and universal suffrage • Why “divine right” stories often rationalize a choice people already find tolerable • Thomas Pa...

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