RICHMAN / A Theory of Stateless Commerce
Channel: Learn IOE
Date: 2017-07-27

This video lecture explains why stateless commerce arises and persists.  Why are mechanisms that were relied upon in the fifteenth-century merchant fairs still being used in twenty-first-century New York?  Why do pre-modern modes of organization remain when much of the world has embraced, and relies upon, modern state-sponsored instruments to support commercial exchange?