New Books in Economics

Latest Episodes:

Chris Benner and Manuel Pastor, "Charging Forward: Lithium Valley, Electric Vehicles, and a Just Future" (The New Press, 2024) Oct 09, 2024

Show notes

A clarion call for justice in the quest for clean energy California’s Salton Sea region is home to some of the worst environmental health conditions in the country. Recently, however, it has also become ground zero in the new “lithium gold rush”—the race to power the rapidly expanding electric vehicle and renewable energy storage market. The immense quantities of lithium lurking beneath the surface have led to predictions that the region could provide a third of global demand. But who will benefit from the development of this precious resource?

A work of stunning analysis and reporting, Charging Forward: Lithium Valley, Electric Vehicles, and a Just Future (The New Press, 2024) shows that the questions raised by Lithium Valley lie at the heart of the “green transition.” Weaving together movement politics, federal policy, and autoworker struggles, noted experts Chris Benner and Manuel Pastor stress that getting the lithium out from under the earth is just a first step: the real question is whether the region and the nation will get out from under the environmental degradation, labor exploitation, and racial injustice that have been as much a part of the landscape as the Salton Sea itself. What happens in Lithium Valley, the authors argue, will not stay there. This tiny patch of California is a microcosm of the broad climate challenges we face; understanding Lithium Valley today is the key to grasping the future of our economy and our planet.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

S4E9 The Fragility of China: A Conversation with Dennis Unkovic Oct 09, 2024

Show notes

In this episode of Madison's Notes, we sit down with Dennis Unkovic to discuss his latest book, The Fragility of China(Encounter Books, 2024). Unkovic delves into the complex forces shaping China's political, economic, and social landscape. From the country's rising internal challenges to its evolving role on the global stage, Unkovic offers a nuanced perspective on why China's future may be more uncertain than it appears. He unpacks the key themes of his book, including economic instability, demographic shifts, and geopolitical tensions, while offering insights into what these trends mean for the rest of the world.

Dennis Unkovic is an international attorney with decades of experience advising global businesses on trade, investment, and international relations. He is a prolific author and speaker, known for his expertise in U.S.-Asia relations. In addition to The Fragility of China, Unkovic has authored several books and articles on global trade and economic issues.

Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ciara Torres-Spelliscy, "Corporatocracy: How to Protect Democracy from Dark Money and Corrupt Politicians" (NYU Press, 2024) Oct 07, 2024

Show notes

What threatens American democracy and the rule of law? In her new book, Corporatocracy: How to Protect Democracy from Dark Money and Corrupt Politicians (NYU Press, 2024),

legal scholar and campaign spending expert Ciara Torres-Spelliscy argues that the USA’s privately-funded campaign finance system – combined with corporate greed and antidemocratic strains in the modern Republican Party – endangers American democracy. As she sees it, unseen political actors and untraceable dark money influence our elections, while anti-democratic rhetoric threatens a tilt towards authoritarianism.

Drawing on key Supreme Court cases such as Citizens United, Professor Torres-Spelliscy explores how corporations have undermined democratic norms, practices, and laws. From bankrolling regressive politicians to funding ghost candidates with dark money, the book exposes how corporations subvert the will of the American people – yet courts struggle to hold corporate interests and corrupt politicians accountable. If American democracy is going to survive in the long term, then the deep pockets of the largest corporations cannot be allowed to join focus with the anti-democratic fringe. Professor Torres-Spelliscy fears a repeat of the January 6th insurrection – but with expansive corporate sponsorship.

Professor Torres Spelliscy outlines the ways in which Corporate forces might be held accountable by the courts, their shareholders, and citizens themselves. Along with other reforms, she proposes a democracy litmus test that requires loyalty to democracy in politics and the economy.

The end of the podcast features her insights on how oil interests crypto “techno bros” have invested in the outcome of the November 2024 election.

Ciara Torres-Spelliscy is a Professor of Law at Stetson Law. She is also a Brennan Center Fellow at NYU Law School who has testified before Congress as an expert on campaign finance and has helped draft Supreme Court briefs. Previously, she authored Corporate Citizen (Carolina 2016) and Political Brands (Elgar 2019). She has recently written about public financing and the Eric Adams indictments and crypto spending in the 2024 election.

Mentioned in the podcast:

Judd Legum's work on corporate PACs in his Substack, Popular Information
Photo with Barack Obama for which Jho Low paid $20 million can be seen here
Example of 2022 media attempts to identify “sedition caucus” and election deniers for voters

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mary Bridges, "Dollars and Dominion: US Bankers and the Making of a Superpower" (Princeton UP, 2024) Oct 01, 2024

Show notes

There was nothing inevitable or natural about the rise of US finance capitalism in the early twentieth century.

In Dollars and Dominion: US Bankers and the Making of a Superpower, Mary Bridges shows how US foreign banking began as a side hustle of Gilded Age tycoons and evolved into a more staid, bureaucratized network for bolstering US influence overseas. The early waves of US bankers built a network of international branch banks that relied on the power of the US government, copied the example of British foreign bankers, and built new alliances with local elites.

Overseas bank branches provided sites for experimentation in how to fuse US political will with local innovations and on-the-ground improvisation. In the process, branch bankers constructed a flexible and durable new infrastructure that supported the growth of US power abroad.

Using details from ledger entries and other sources, Bridges shows how these branch bankers divided their local communities into groups of “us” and "them," either as potential clients or local populations. In doing so, they constructed a new architecture of US trade finance that relied on long-standing inequalities and hierarchies of privilege. Thus, ideas developed by wealthy white men became part of the enduring fabric of financial infrastructure. She also shows how bank branches could accommodate these hierarchies to make room for new ideas about serving local markets, in response to financial pressures of the 1920s and after the Great Depression cut off other avenues of growth.

Bridges also tells the story of how US bankers created a market based on a new financial asset enabled by the Federal Reserve System called bankers' acceptance and began to collect vast amounts of foreign credit information.

Related resources:

Bankers and Empire: How Wall Street Colonized the Caribbean by Peter James Hudson
Infrastructure Is Remaking Geopolitics: How Power Flows from the Systems That Connect the World by Mary Bridges

Author recommended reading:

Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Sean H. Vanatta
The War Below: Lithium, Copper, and the Global Battle to Power Our Lives by Ernest Scheyder

Hosted by Meghan Cochran

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ian Williams, "Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024) Sep 27, 2024

Show notes

State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kingdom.

Ian Williams, a long-standing reporter on China, has a new argument in Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024).

Rules and agreements mean little. Markets are distorted, statistics fabricated, foreign industrial secrets and technology systematically stolen. Companies and entrepreneurs, at home and abroad, are bullied – often with the collusion of the victims themselves. The Party is in every boardroom and lab, with businesses thriving or dying at its will.

All this is part of realising President Xi Jinping’s ambition of China becoming the world’s pre-eminent economic, technological and military power.

This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ethical Machines: A Conversation with Reid Blackman Sep 25, 2024

Show notes

Join us as we discuss Dr. Reid Blackman’s new book: Ethical Machines: Your Concise Guide to Totally Unbiased, Transparent, and Respectful AI (Harvard Business Review Press, 2022). We dive into the intricacies of developing AI and the intersection of ethics and innovation.

Reid Blackman, Ph.D., is the author of Ethical Machines, creator and host of the podcast “Ethical Machines,” and Founder and CEO of Virtue, a digital ethical risk consultancy. He is also an advisor to the Canadian government on their federal AI regulations, was a founding member of EY’s AI Advisory Board, and a Senior Advisor to the Deloitte AI Institute. His work, which includes advising and speaking to organizations including AWS, US Bank, the FBI, NASA, and the World Economic Forum, has been profiled by The Wall Street Journal, the BBC, and Forbes. His written work appears in The Harvard Business Review and The New York Times. Prior to founding Virtue, Reid was a professor of philosophy at Colgate University and UNC-Chapel Hill. Learn

Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions

Contributions to and/or sponsorship of guest does not constitute departmental or institutional endorsement of the specific program, speakers or views presented.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Andrew W. Kahrl, "The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America" (U Chicago Press, 2024) Sep 25, 2024

Show notes

In The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America(U Chicago Press, 2024), Andrew W. Kahrl uncovers the history of inequitable and predatory tax laws in the United States. He examines the structural traps within America’s tax system that have forced Black Americans to pay more for less despite being taxpayers with fewer resources compared to white taxpayers. Kahrl exposes these practices, From Reconstruction up to the present, Kahrl exposes these practices to describe how discrimination continues to take new forms, even as people continue to fight for their rights, their assets, and their power.

Dr. N’Kosi Oates is a curator. He earned his Ph.D. in Africana Studies at Brown University. Find him on Twitter at DrNKosiOates.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Max Hirsh and Till Mostowlansky, "Infrastructure and the Remaking of Asia" (U Hawaii Press, 2022) Sep 24, 2024

Show notes

In the twenty-first century, infrastructure has undergone a seismic shift from West to East. Once concentrated in Europe and North America, global infrastructure production today is focused squarely on Asia.Infrastructure and the Remaking of Asia (U Hawaii Press, 2022) investigates the deeper implications of that pivot to the East. Written by leading international infrastructure experts, it demonstrates how new roads, airports, pipelines, and cables are changing Asian economies, societies, and geopolitics—from the Bosporus to Beijing, and from Indonesia to the Arctic. Ten tightly interwoven case studies powerfully illustrate infrastructure’s leading role in three global paradigm shifts: climate change, digitalization, and China’s emergence as a superpower.

Combining social science methods with mapping techniques from the design professions, Infrastructure and the Remaking of Asia establishes a dialogue between academic research on infrastructure and the professional insights of those responsible for infrastructure’s planning, production, and operation. By applying that mixed method to transport, energy, telecommunication, and resource extraction projects across Asia, the book synthesizes research on infrastructure from six academic fields, while making those insights accessible to a wider audience of students, professionals, and the general public.

Max Hirsh is managing director of the Airport City Academy and a research fellow at the University of Colorado Boulder. He holds a PhD in urban planning from Harvard and is the author of Airport Urbanism: Infrastructure and Mobility in Asia. Max's research investigates the relationship between air travel and urban form.

Till Mostowlansky is a Research Professor in the Department of Anthropology and Sociology at the Geneva Graduate Institute and the Principal Investigator of the Swiss National Science Foundation funded project “Quiet Aid: Service and Salvation in the Balkans-to-Bengal-Complex”. He is currently a Visiting Professor at the Kyiv School of Economics.

Yadong Li is a PhD student in anthropology at Tulane University. His research interests lie at the intersection of the anthropology of state, the anthropology of time, hope studies, and post-structuralist philosophy. More details about his scholarship and research interests can be found here.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Emily M. Bender on AI Hype Sep 23, 2024

Show notes

Peoples & Things host, Lee Vinsel, talks to Emily Bender, Professor of Linguistics, Director of the Masters of Science in Computational Linguistics program, and Director of the Computational Linguistics Laboratory at University of Washington, about her work on artificial intelligence criticism. Bender is also an adjunct professor in the School of Computer Science and Engineering and the Information School at UW; she is a member of the Tech Policy Lab, the Value Sensitive Design Lab, the Distributed AI Research Institute, and RAISE, or Responsibilities in AI Systems and Experiences; *AND*, with Alex Hanna, she is co-host of the Mystery AI Hype Theater podcast, which you should check out. Vinsel and Bender talk about the current AI bubble, what is driving it, and the technological potentials and limitations of this technology.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ilias Alami and Adam D. Dixon, "The Spectre of State Capitalism" (Oxford UP, 2024) Sep 22, 2024

Show notes

After close to three decades of the hegemony of free market ideas, the state has made a big comeback as an economic actor since the 2008 financial crisis. China’s state-owned companies and international financial institutions have made headlines for their growing influence in the world economy. State-backed investment vehicles based in the Gulf states have made high-profile investments in global real estate markets and professional sports, while their state-owned firms have become world leaders in the logistics and natural resource sectors. Governments around the world – including in the heartlands of advanced capitalism – have promoted the interests of ‘national champion’ companies in strategic economic sectors, bailed out financial institutions by taking toxic assets off of their balance sheets, and implemented industrial policies with the aim of moving into the most profitable segments of global value chains.

What accounts for this renewed prominence of states in global capitalism? Does the increased activism of states mark the end of neoliberal hegemony? And how do contemporary state-led economic initiatives compare to the heyday of Keynesian and developmentalist policy agendas in the decades immediately following World War II?

The book that we are discussing today, The Spectre of State Capitalism (Oxford UP, 2024) by Ilias Alami and Adam Dixon, marks the culmination of a highly productive research project that the authors have led on the compulsions and constraints that shape the ‘new’ state capitalism. The book aims to challenge narratives that pathologize state capitalism as an authoritarian deviation from the ‘normal’ course of free market capitalism while also showing how new forms of state activism depart from earlier models of state-led development.

Ilias Alami is a University assistant professor in the political economy of development at Cambrdige University. His previous book is Money Power and Financial Capital in Emerging Markets (2019). Adam Dixon holds the Adam Smith Chair in Sustainable Capitalism at Heriot Watt University’s Ediburgh Business School. He is the author of several books, most recently Sovereign Wealth Funds: Between States and Markets (2022).

This book is available open access here.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected