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Market economies flourished from "summary" of The WEIRDest People in the World by Joseph Henrich
During the period when market economies flourished, various factors contributed to their success. One of the key drivers was the emergence of a new set of norms and institutions that facilitated trade and commerce. These norms included a greater emphasis on individualism, trust, and cooperation, which allowed for more efficient economic transactions. In addition, institutions such as property rights and contract enforcement mechanisms helped ensure that agreements were honored, incentivizing economic activity. The rise of market economies also coincided with the spread of literacy and numeracy, which enabled individuals to engage in more complex economic activ...
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