Posted: 15 May 2010
Date Written: May 15, 2010
In this talk, I walk through the evolution of exchange, from trades in small kin-based tribes to the global trade in the modern economy. The focus is on the co-evolution of human biology and institutions that have resulted in spectacular increases in human welfare over the past century for much, though not all, of the world.
Suggested Citation: Suggested Citation
Zak, Paul J., Personal and Impersonal Exchange, Trust and Growth (May 15, 2010). Gruter Institute Squaw Valley Conference 2010: Law, Institutions & Human Behavior. Available at SSRN: https://ssrn.com/abstract=1608253