Hanging with History
The first season focuses on the origins of the Industrial Revolution or the Great Enrichment, we go deep into history to gain enough background knowledge to actually understand the various theories of the origins of the Great Enrichment. Eventually we learn that we also need to know how the miracle was consolidated, as the many other close approaches to the Industrial Revolution failed.A kwirky style, but intellectually ambitious with the goal of understanding history well enough to understand the miracle that happened that one time. It's gonna be a long series.
Hanging with History
Social Norms and Entrepreneurs in the Industrial Revolution
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Harald Hansen
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Season 1
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Episode 127
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80% of criminal prosecutions are brought privately by the victims, with over 450 associations established to support criminal prosecutions.
There is a lack of specie and small notes to settle accounts between tradesmen and entrepreneurs. Therefore, there are a lot of small amounts owed back and forth.
There aren't enough geniuses with both great business skills and technical skills.
Social norms and Trust help to smooth over the difficulties caused by a difficult to use legal system, a shortage of coin and currency and the need for partnerships within firms.