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,...

In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and empirical approaches have produced ambiguous results on sign and size of this relationship. Although there is a considerable part of the literature that considers inequality...