Henry Thompson | Mafia Courts and Contracting without the Law

You&#8217;re listening to Economic Forces, a free weekly newsletter and podcast on economics, especially price theory, without the politics. You can support our newsletter by signing up here:<br/><br/>Welcome to Episode 8 of the Economic Forces Podcast! We interview <a href="https://www.henryathompson.com/">Henry Thompson</a> about his paper "<a href="https://static1.squarespace.com/static/6165b74a4cd40d5293c28c99/t/61ac144aee1b8d04e4a89207/1638667339483/Thompson_GMU_JMP.pdf">Costa Nostra Courts</a>." We discuss how the Mafia used this ingenious court system to protect its secrecy and enforce agreements that could not be written down as contracts.<br/><br/>Cosa Nostra Courts: https://static1.squarespace.com/static/6165b74a4cd40d5293c28c99/t/61ac144aee1b8d04e4a89207/1638667339483/Thompson_GMU_JMP.pdf<br/><br/>You can listen above or on your favorite podcast app. If you don&#8217;t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.<br/><br/>Below you&#8217;ll find a teaser clip and the full interview. Enjoy! <br/><br/>Get full access to Economic Forces at <a href="https://pricetheory.substack.com/subscribe?utm_medium=podcast">pricetheory.substack.com/subscribe</a>