Highly recommended! The new book by Nobel Prize winner Joel Mokyr, Avner Greif, and Guido Tabellini. Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000–2000 "In this landmark book, three leading economists offer a bold new account of why Europe and China evolved along such different trajectories. In the early Middle Ages, public goods like risk sharing, religious worship, education, and conflict resolution were provided by nonstate organizations in both societies. China increasingly relied on kin-based cooperation within clans, while weaker kinship ties in Europe gave rise to corporations such as guilds, universities, and self-governing towns." amzn.to/3XhWpQQ

Nov 7, 2025 · 12:32 AM UTC

Why is it that after 200 years of English-language equilibrium economics economists today still ask the same basic questions as 200 years ago? Why has mainstream equilibrium economics made zero progress, unlike all other disciplines?
Replying to @int_mon_econ
Historical roots of supply chains are often overlooked. This book offers context for how past institutions still shape today’s logistics and trade frameworks.