Carolina Journal Video

Duke expert explores diamond industry and ‘stateless commerce’

Visitors to 47th Street in Manhattan notice one clear exception to business dominated by sophisticated financial institutions and companies housed in skyscrapers. The diamond district operates today much as it did decades ago.

Duke University professor Barak Richman explains why in his recent book Stateless Commerce. Richman discussed the book Monday with the John Locke Foundation’s Shaftesbury Society.