Carolina Journal Radio

Duke professor documents diamond district’s economic distinctions

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From Carolina Journal Radio Program No. 758: The economy is always changing, but some elements of an economy can remain remarkably consistent over decades — even in the face of major technological transformations. Barak Richman, Duke University professor of law and business administration, has studied one clear example of longstanding economic practices: the diamond district on 47th street in Manhattan. Richman explores the district’s operations in the book Stateless Commerce.