In this series, Professor Barak Richman discusses stateless exchange. The series begin with an overview of extralegal dispute resolution mechanisms. In the second video, you will be introduced to the case study of the diamond exchange - a $30 billion global industry, which relies wholly on extralegal enforcement to secure transactions. Finally, Professor Richman explains why stateless commerce arises and persists. The series is based on Barak Richman's book Stateless Commerce, recently published by Harvard University Press.