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The Telegraph, NYSE, Bloomberg, and Uber
In the early 1840s in the United States, stock exchanges in New York, Philadelphia, and Boston each served their local market. The telegraph brought...
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The Telegraph and Stock Exchanges How Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830–1860
In the 1830s, New York, Philadelphia, and Boston each had a stock exchange. These were the New York Stock Exchange (NYSE), Philadelphia Stock...
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What the Telegraph Can Teach Us About Uber
Extends the learnings from the competition between stock exchanges to competition between (i) car rental aggregator services such as Uber and Ola...
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Putting the news in New York and New Orleans: the impact of information frictions on trade
It is notoriously difficult to estimate the impact of information frictions on trade. The 1866 transatlantic telegraph connection has been used to...
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Telegraph to Tether: Challenges in the Global Payments System and the Struggle between Private and Public Interests
Cross-border payments systems are fundamental to the smooth operation of the global economy, but they have attracted relatively little public or...
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The Usual Suspects
Plausible explanations for the rise of the New York Stock Exchange to pre-eminence are presented. These are (i) Population (ii) Wealth (iii) Opening...
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NYSE’s Rise to Pre-eminence
Data on the size of stock exchanges in 1910 and in 2022 and 2023 are presented. The NYSE is the pre-eminent stock exchange in the world today. It was...
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Balancing Innovation and Efficiency: The Impact of Mixed Ownership Reform on Total Factor Productivity in Monopolized and Competitive Industries
This paper examines the transformative impact of mixed ownership reform on total factor productivity (TFP) across monopolized and competitive...
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Surfing the Waves. The Rise and Decline of Radio Operators in the Dutch Mercantile Marine in the Twentieth Century
Radio operators are a fascinating example of a new profession appearing on board during the great transformation of the ship** industry after 1850....
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Introduction
The International Telecommunication Union (ITU) is one of the oldest organizations in the United Nations (UN) system. It predates the UN by more than...
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Why: The Numbers Under a Magnifying Glass
Each of the reasons for the rise of the NYSE to pre-eminence posited earlier is discussed in light of what the value of securities traded graphs...
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A Pull–Push Theory of Industrial Revolutions
This paper presents a pull–push theory of industrial revolutions. Generalizing from the first industrial revolution in England and the second...
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Conclusions and Implications for the Evolution of Financial Markets
Summarizes the findings. Potential challengers to the New York Stock Exchange (i) conventional exchanges (ii) Platform like Bloomberg (iii) increase...
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The Colonial Post Office
The first networknetwork-based government enterprise to be established in Australia after the arrival of the First Fleet in Sydney in 1788 was a...
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When: The Numbers Through a Telescope
The data on the value of securities traded are graphed and analyzed to establish when the New York Stock Exchange began its rise to pre-eminence....
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The Development of Telecommunications
The decades following federationfederation saw the substantive development of widespread telecommunications services across Australia. This growth in...
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Transportation and Communications
As the Korean economy grew rapidly in the past century, market integration took place, driven by improvements in transportation, postal services, and...
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A Brief History and Basic Concepts of Infrastructure
This chapter first surveys the invention, evolution, and historical significance of infrastructure since the Industrial Revolution.
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Myth 27: U.S. Broadband Lags Behind Other Developed Nations
As part of a long-standing crusade to establish government-managed broadband networks, or at least turn private providers into regulated utilities,...
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Introduction
This book is based on my doctoral dissertation. For my PhD, I focused on Industrial Organization, Finance, and Economic History and narrowed my area...