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: The Manila Galleon Trade" 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.amazon.ca/Inquiry-Nature-Causes-Wealth-Nations/dp/1494465227

5. "The East India Company: A History" by Philip Lawson
   Link: https://www.amazon.ca/East-India-Company-Philip-Lawson/dp/0582490522

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-Maltby/dp/1405844874