The Curious Task

Mark Koyama - How Can Monopoly Lead To Shipwreck?

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Alex speaks with Mark Koyama about the historical context and economic implications of the Manila Galleon trade, focusing on how monopolistic practices increased the risk of shipwrecks and the broader lessons for contemporary economics about the unintended consequences of monopoly power.

References

  1. "Shipwrecked by Rents" by Mark Koyama, Desiderio Desideri, and Fernando Arteaga

    Link: https://www.sciencedirect.com/science/article/abs/pii/S0304387823001967 

  2. "The Wealth of Nations" by Adam Smith

    Link: https://www.amazon.ca/Wealth-Nations-Adam-Smith/dp/1505577128

  3. "Institutions, Institutional Change and Economic Performance" by Douglass C. North

    Link: https://www.amazon.ca/Institutions-Institutional-Change-Economic-Performance/dp/0521397340

  4. "An Inquiry into the Nature and Causes of the Wealth of Nations" by Adam Smith

    Link: https://www.econlib.org/library/Smith/smWN.html

  5. "The East India Company: A History" by Philip Lawson

    Link: https://www.amazon.ca/East-India-Company-Philip-Lawson/dp/0582073855

  6. "Empire: How Britain Made the Modern World" by Niall Ferguson

    Link: https://www.amazon.ca/Empire-How-Britain-Made-Modern/dp/0141007540

  7. "The Rise and Fall of the Spanish Empire" by William Maltby

    Link: https://www.amazon.ca/Rise-Fall-Spanish-Empire/dp/1403917922

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