Stateless Commerce

|Peter Boettke|

Barack Richman’s new book is an outstanding work on the analytics and empirical examination of comparative institutions of governance, and in particular the private governance of diamond trade in NYC. I cannot recommend this book highly enough. We just had a great book panel discussion on it, and along with the work of Pete Leeson, David Skarbek, Edward Stringham, etc., this is a foundational work in the field of governance and the political economy of everyday life.