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    Science

    New Books in Economics

    This podcast is a channel on the New Books Network. The New Books Network is an academic audio library dedicated to public education. In each episode you will hear scholars discuss their recently published research with another expert in their field.

    Discover our 150+ channels and browse our 28,000+ episodes on our website: ⁠newbooksnetwork.com⁠

    Subscribe to our free weekly Substack newsletter to get informative, engaging content straight to your inbox: ⁠https://newbooksnetwork.substack.com/⁠

    Follow us on Instagram and Bluesky to learn about more our latest interviews: @newbooksnetwork
    Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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    Copyright: © New Books Network

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    Latest Episodes:
    Gizem Zencirci, "The Muslim Social: Neoliberalism, Charity, and Poverty in Turkey" (Syracuse UP, 2024) Jun 07, 2024
    Show notes

    Since coming to power in 2002, Turkey’s governing party, the AKP, has made poverty relief a central part of their political program. In addition to neoliberal reforms, AKP’s program has involved an emphasis on Islamic charity that is unprecedented in the history of the Turkish Republic. To understand the causes and consequences of this phenomenon, Zencirci introduces the concept of the Muslim Social, defined as a welfare regime that reimagined and reconfigured Islamic charitable practices to address the complex needs of a modern market society.

    In The Muslim Social: Neoliberalism, Charity, and Poverty in Turkey (Syracuse UP, 2024), Zencirci explores the blending of religious values and neoliberal elements in dynamic, flexible, and unexpected ways. Although these governmental assemblages of Islamic neoliberalism produced new forms of generosity, distinctive notions of poverty, and novel ways of relating to others in society, Zencirci reveals how this welfare regime privileged managerial efficiency and emotional well-being at the expense of other objectives such as equality, development, or justice. The book provides a lens onto the everyday life of Islamic neoliberalism, while also mapping the kind of political concerns that animate poverty governance in our capitalist present.

    Gizem Zencirci is an associate professor of political science at Providence College. Her work has been published in journals such as the International Journal of Middle East Studies, Journal of the American Academy of Religion, and the Journal of Cultural Economy.

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


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    Using History to Better Finance and Build Social Wealth Jun 06, 2024
    Show notes

    Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers derived from a PhD in history, the importance of being a well-rounded researcher, and how it's often difficult to separate neatly quant from qual. We also discussed the significance of networking and wondered why historians routinely undervalue their expertise, thereby undercutting their chances of success in non-academic domains. Ultimately, our conversation is about the surprising ways to use history for the public good, contribute to organizational effectiveness, and explore new horizons for professional growth.

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


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    Anthony Heath and Yaojun Li, "Social Mobility" (Polity Press, 2024) May 31, 2024
    Show notes

    What is social mobility? In Social Mobility (Polity Press, 2023), Anthony Heath, an Emeritus Professor of Sociology at the University of Oxford and Yaojun Li, a Professor of Sociology at the University of Manchester, explore and explain this concept, setting out why the idea matters for both social scientists and the general reader. The book draws on a huge range of research, outlining the history of social mobility research, discussing central theories and approaches in sociology and economics, and detailing international comparisons and trends. The book highlights how social mobility is shaped by gender and ethnicity, along with the role of social class. Ultimately the book helps to explain who gets ahead in society and why; as a result the book will be essential reading across the social sciences, as well as for anyone interested in how society works.

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


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    Anne Kim, "Poverty for Profit: How Corporations Get Rich off America’s Poor" (The New Press, 2024) May 30, 2024
    Show notes

    Poverty is big business in America. The federal government spends about $900 billion a year on programs that directly or disproportionately impact poor Americans, including antipoverty programs such as the earned income tax credit, Medicaid, and affordable housing vouchers and subsidies. States and local governments spend tens of billions more.

    Ironically, these enormous sums fuel the “corporate poverty complex,” a vast web of hidden industries and entrenched private-sector interests that profit from the bureaucracies regulating the lives of the poor. From bail bondsmen to dialysis providers to towing companies, their business models depend on exploiting low-income Americans, and their political influence ensures a thriving set of industries where everyone profits except the poor, while U.S. taxpayers foot the bill.

    In Poverty for Profit: How Corporations Get Rich off America’s Poor (The New Press, 2024), veteran journalist Anne Kim investigates the multiple industries that infiltrate almost every aspect of the lives of the poor—health care, housing, criminal justice, and nutrition. She explains how these businesses are aided by public policies such as the wholesale privatization of government services and the political influence these industries wield over lawmakers and regulators. Supported by original investigative reporting on the lesser-known players profiting from the antipoverty industry, Poverty for Profit adds a crucial dimension to our understanding of how structural inequality and structural racism function today.

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


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    Stephen J. Silvia, "The UAW's Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants" (IRL Press, 2023) May 29, 2024
    Show notes

    The UAW's Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants(IRL Press, 2023) is the first in-depth assessment of the United Auto Workers' efforts to organize foreign vehicle plants (Daimler-Chrysler, Mercedes-Benz, Nissan, and Volkswagen) in the American South since 1989, an era when union membership declined precipitously. Stephen J. Silvia chronicles transnational union cooperation between the UAW and its counterparts in Brazil, France, Germany, and Japan and documents the development of employer strategies that have proven increasingly effective at thwarting unionization.

    Silvia shows that when organizing, unions must now fight on three fronts: at the worksite; in the corporate boardroom; and in the political realm. The UAW's Southern Gamble makes clear that the UAW's failed campaigns in the South can teach hard-won lessons about challenging the structural and legal roadblocks to union participation and effectively organizing workers within and beyond the auto industry.

    Stephen J. Silvia is a Professor at American University's School of International Service, where he teaches international economics, international trade relations, and comparative politics. He is the author of Holding the Shop Together.

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


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    Tom Mueller, "How to Make a Killing: Blood, Death and Dollars in American Medicine" (Norton, 2023) May 29, 2024
    Show notes

    Dialysis is a medical miracle, a treatment that allows people with kidney failure to live when otherwise they would die. It also provides a captive customer for the dialysis industry, which values the steady revenues that come from critically required long-term care that is guaranteed by the government.

    Tom Mueller's six year deep dive into the dialysis industry has yielded his latest book, How to Make a Killing: Blood, Death, and Dollars in American Medicine (W. W. Norton, 2023). It's both an historical account of this lifesaving treatment and an indictment of the industry that is dominated by two for-profit companies that control ~80% of the market.

    There is a precarious balance between ethical care for patients and the prioritization of profits for the providers, a tension that has led to ethical, political, and legal debates about the rationing and exploitation of life-saving care and quality of life.

    Dialysis services are desperately needed by patients who require the dangerous, uncomfortable, and exhausting treatments multiple times per week, and pay for it through complex insurance procedures.

    Tom Mueller’s book includes a vivid account of CEOs who lead their companies with messianic zeal to drive revenues continually up while simultaneously reducing the cost of care. He introduces us to the doctors charged with reducing those costs even at the expense of high-quality care and negative health outcomes. And we meet the patients themselves, who have little choice but to put their lives and well-being at the mercy of this system.

    How did a lifesaving medical breakthrough become a for-profit enterprise that threatens many of the people it’s meant to save? And who are the brave people -patients, doctors, and employees of the system who are willing to tell their stories despite tremendous pressure to remain silent? And why do we as Americans accept worse outcomes at higher costs than the rest of the world?

    Tom Mueller's highly readable yet devastating book illustrates the dialysis industry as a microcosm of American medicine.

    Mueller challenges us to find a solution for dialysis, an approach that could also provide the opportunity to begin fixing our country’s dysfunctional healthcare system and a fighting chance at restoring human health outcomes, rather than the extraction of profits, as its true purpose.

    To contact Tom Mueller, visit www.tommueller.co

    Suggested reading:

    • The Body's Keepers by Paul L. Kimmel, M.D.
    • The Occasional Human Sacrifice: Medical Experimentation and the Price of Saying No by Carl Elliott

    Also mentioned:

    • How to Get Away with Merger by Thomas G. Wollman (NBER working paper, 2020)
    • "How Acquisitions Affect Firm Behavior and Performance" by Eliason, Heebsh et al. (The Quarterly Journal of Economics, 2020)

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


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    The Social Acceptance of Inequality May 28, 2024
    Show notes

    On this episode of International Horizons, Francesco Duina, Charles A. Dana Professor of Sociology at Bates College and Luca Storti, Associate Professor of Economic Sociology at the University of Turin in Italy and a Research Fellow of the Ralph Bunche Institute for International Studies, discuss the rise of inequalities around the globe and the divergent attitudes towards them since 1970. How can those inequalities be broken down?

    In this week’s episode, Duina and Storti preview their book-in-progress on The Social Acceptance of Inequality, and they examine four types of logic leading us to accept inequalities in today’s world. Not surprisingly, the concept of meritocracy plays a major role in our thinking about contemporary inequality, although perhaps more so in the United States than in Europe.

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


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    Carola Binder, "Shock Values: Prices and Inflation in American Democracy" (U Chicago Press, 2024) May 27, 2024
    Show notes

    A sweeping history of the United States’ economy and politics, in Shock Values: Prices and Inflation in American Democracy (U Chicago Press, 2024), Carola Binder reveals how the American state has been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived dangers of price fluctuations. Carola Binder narrates how the pains of rising and falling prices have brought lasting changes for every generation of Americans. And with each brush with price instability, the United States has been reinvented—not as a more perfect union, but as a reflection of its most recent failures.

    Shock Values tells the untold story of prices and price stabilization in the United States. Expansive and enlightening, Binder recounts the interest-group politics, legal battles, and economic ideas that have shaped a nation from the dawn of the republic to the present.

    Carola Binder is Associate Professor and Chair of Economics at Haverford College. Twitter.

    Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website.

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


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    Peter Ireland (Boston College Econ Prof) on Monetary Policy, Monetarism and New Keynesian Models May 24, 2024
    Show notes

    Peter Ireland (Boston College Economics Professor) joins the podcast to discuss his career as a monetary economist, his views on the history of monetarism, New Keynesian models, and the Shadow Open Market Committee which Peter sits on and celebrates its 50th anniversary.

    Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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


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    Dmitry Grozoubinski, "Why Politicians Lie About Trade...How, and What You Need to Know" (Canbury Press, 2024) May 23, 2024
    Show notes

    In November, it will be 25 years since the Battle of Seattle – the summit and street fight that marked the end of a half-century of ever-broadening global trade negotiations. Between 2013 and 2016, the same “anti-globalisation” movement sank a US-EU bid to build a Transatlantic Trade and Investment Partnership but it wasn’t until 2016 – with the Brexit referendum and Donald Trump’s election as president – that the postwar trade liberalisation process threatened to go into reverse.

    With his trade expertise and a voice made for Twitter, Dmitry Grozoubinski was – as he admits in Why Politicians Lie About Trade: … and What You Need to Know About It (Canbury Press, 2024) - “in the right place at the right time with the right credentials to stand in front of the firehose of bullshit that was the public debate around trade policy in the late 2010s and cry: ‘um, no, that's not how that works".

    Executive director of the Geneva Trade Platform and founder of ExplainTrade, Grozoubinski was once an Australian diplomat who negotiated trade agreements in Geneva at the World Trade Organization. Before joining the Australian civil service, he taught at the Monash Graduate School of Business, where he took his Masters in Diplomacy and Trade.

    *The author's book recommendations are The Great Convergence: Information Technology and the New Globalization by Richard Baldwin (Harvard University Press, 2019) and The Art of Explanation: How to Communicate with Clarity and Confidence by Ros Atkins (Wildfire, 2023).

    Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack.

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


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