How Trade drove prosperity in China and the Roman Empire? feat. Joel Mokyr

Joel Mokyr takes a deep dive into history, tracing back from the agricultural revolution to the advent of technology in the modern era, Joel highlight major periods like agriculture, colonization, capitalism, and technology. Special focus is given to the transition from hunter gatherer societies to agriculture driven societies, with the latter catalyzing the emergence and complexity of modern civilization. The roles of specialization and division of labor during periods like the Roman Empire and the Song and Tang Dynasties in China are also explored, emphasize how regional and individual specializations, along with trade, led to the prosperity of these regions and increased agricultural productivity, making a point that trade is a positive sum game that makes both sides richer. Full Episode Link (Part 1): https://youtu.be/iV21apDujg8 (Part 2): https://youtu.be/j-EtfjGJbV0 00:00 Introduction: A Journey Back in Time 00:16 The Advent of Agriculture: The Birth of Modern Society 01:33 The Role of Specialization and Division of Labor in Pre-Industrial Societies 01:51 Case Studies: The Roman Empire and China's Tang and Song Dynasties 03:09 The Power of Trade: How it Shapes Nations 03:38 The Positive Sum Game: The Mutual Benefits of Trade In this two-part episode of The Great Tech Game podcast, host Anirudh Suri is joined by Joel Mokyr to dig deep into why some societies get rich, creative and successful while others don't. Mokyr and Suri discuss examples of countries that have unshackled themselves from their past, such as 19th century Japan during the Meiji Restoration and the East Asian tigers. They also explore how India can reverse its brain drain and become a tech nation, and not remain just a talent nation. Mokyr highlights the high levels of inequality being driven by the tech economy today, and both draw parallels with pre-WWI Europe and its experience with vast inequality driven by industrial capitalism. Jumping to the modern era, they discuss whether AI represents a new revolution in knowledge, or whether it is just hype. About Joel Mokyr: Joel Mokyr is Professor of Economics and History at Northwestern University. Joel Mokyr conducts research on the economic history of Europe, and specializes in the period 1750-1914. His current research is focused on the understanding of the economic and intellectual roots of technological progress and the growth of useful knowledge in European societies, as well as the impact that industrialization and economic progress have had on economic welfare. #History#Agriculture#IndustrialRevolution#GlobalTrade #Specialization #Colonization#Capitalism#Technology#Economics#DivisionOfLabor#Prosperity#AncientCivilizations#TradeRoutes#CulturalExchange#Innovation