New Books in Economics

An Existential Fight between Green and Carbon Assets (with Mark Blyth) Nov 21, 2024

Welcome to What Just Happened, a Recall This Book experiment. In it you will hear three friends of RTB reacting to the 2024 election and discussing the coming four years. Mark Blyth (whose planned February 2020 appearance was scrubbed by the pandemic) is an international economist from Brown University, whose many books for both scholars and a popular audience include Great Transformations (2002), Angrynomics (2020; with Eric Lonergan) and (with Nicolo Fraccaroli) Inflation: A Guide for Users and Losers (New York: Norton 2025).

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Nick Bernards, "Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism" (Pluto Press, 2024) Nov 18, 2024

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to replace production as the engine of economic growth. In the global South, financial liberalization has exacerbated long-standing patterns of boom-and-bust cycles, and the growth of the financial sector has caused anxieties that speculative investments in natural resource extraction, urban real estate, and rural farm land are dispossessing and displacing people rather than improving human development. Overall, the growth of the financial sector has created the perception that we’re entering a new phase in capitalism’s history in which speculation and rent-seeking have displaced production as the engines of economic growth.

My guest today, the political economist Nick Bernards, challenges this narrative. In his new book, Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism (Pluto Press, 2024), Bernards argues that we need to re-center labor in narratives about the expansion of finance, that speculation and the subsumption of nature are always central to capitalism, and that major private-sector financial institutions have actually been reluctant to invest in major development projects in the global south. The main problem with the growth of finance is that it makes more exploitation, displacement, and environmental damage – in short, more capitalism – possible.

Nick Bernards is Associate Professor of Global Sustainable Development at the University of Warwick. He is the author of A Critical History of Poverty Finance (Pluto, 2022) and The Global Governance of Precarity (Routledge, 2018).

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Lizhi Liu, "From Click to Boom: The Political Economy of E-Commerce in China" (Princeton UP, 2024) Nov 16, 2024

How do states build vital institutions for market development? Too often, governments confront technical or political barriers to providing the rule of law, contract enforcement, and loan access. In From Click to Boom: The Political Economy of E-Commerce in China (Princeton, 2024) Lizhi Liu suggests a digital solution: governments strategically outsourcing tasks of institutional development and enforcement to digital platforms—a process she calls “institutional outsourcing.”

China’s e-commerce boom showcases this digital path to development. In merely two decades, China built from scratch a two-trillion-dollar e-commerce market, with 800 million users, seventy million jobs, and nearly fifty percent of global online retail sales. Contrary to conventional wisdom, Liu argues, this market boom occurred because of weak government institutions, not despite them. Gaps in government institutions compelled e-commerce platforms to build powerful private institutions for contract enforcement, fraud detection, and dispute resolution. For a surprisingly long period, the authoritarian government acquiesced, endorsed, and even partnered with this private institutional building despite its disruptive nature. Drawing on a plethora of interviews, original surveys, proprietary data, and a field experiment, Liu shows that the resulting e-commerce boom had far-reaching effects on China.

Institutional outsourcing nonetheless harbors its own challenges. With inadequate regulation, platforms may abuse market power, while excessive regulation stifles institutional innovation. China’s regulatory oscillations toward platforms—from laissez-faire to crackdown and back to support—underscore the struggle to strike the right balance.

Lizhi Liu is assistant professor at the McDonough School of Business at Georgetown University, where she is also a faculty affiliate of the Department of Government. Her work has been published by American Economic Review: Insights, Studies in Comparative International Development, Minnesota Law Review, Oxford University Press, and Princeton University Press. She was also listed as a Poets&Quants Top 50 Undergraduate Business Professor of 2021. She holds degrees in Political Science (PhD), Statistics (MS), and International Policy Studies (MA) from Stanford University and in International Relations (LLB) from Renmin University of China.

Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China’s Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy.

Lorentzen’s other NBN interviews relating to China’s tech sector include Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba’s business model and organizational culture, Surveillance State, on China’s digital surveillance, Prototype Nation, on the culture and politics of China’s innovation economy.

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How Can Going Inside the Political Mind Help Us to Better Understand Development? Nov 15, 2024

Why do efforts to build effective states and deliver services to citizens so often go wrong? And how can understanding the inside of the political mind empower us to achieve better results? In this podcast, Nic Cheeseman talks to Greg Power about his important new book, based on the experience of working with hundreds of politicians in more than sixty countries. In Inside the Political Mind: The Human Side of Politics and How It Shapes Development (Oxford UP, 2024), Greg explains why individual politicians and norms of behaviour and more powerful than formal rules and institutions, and why practical challenges so often encourage citizens and politicians to go around the state rather than working through it. This leads to a radical new way of thinking about state-building and development that works from the bottom-up on the basis of what leaders and their people want, rather than what the international community assumes they need.

Guest:

Greg Power is the founder and Board Chair of Global Partners Governance Practice (GPG), a social purpose company that provides support to politicians, ministers and officials to strengthen their systems of governance. He is well known for having worked in a remarkable variety of countries including many – such as Iraq – during periods in which political systems and state institutions were under the most intense strain. He was previously a special adviser to British ministers Rt Hon Robin Cook MP and Rt Hon Peter Hain MP, working on strategies for parliamentary reform, constitutional change and the wider democratic agenda in conjunction with the Prime Minister’s Strategy Unit and Downing Street policy staff, and was awarded an OBE for services to parliamentary democracy and political reform in the January 2023 New Year’s Honours.

Presenter:

Nic Cheeseman is the Professor of Democracy and International Development at the University of Birmingham and Founding Director of CEDAR.

The People, Power, Politics podcast brings you the latest insights into the factors that are shaping and re-shaping our political world. It is brought to you by the Centre for Elections, Democracy, Accountability and Representation (CEDAR) based at the University of Birmingham, United Kingdom. Join us to better understand the factors that promote and undermine democratic government around the world and follow us on Twitter at @CEDAR_Bham!

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The Disappearance and Return of Inequality Studies in Economics Nov 13, 2024

This is episode three Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page.

For much of the 20th century, few economists studied inequality. “Watching the study of inequality was like watching the grass grow,” is the way inequality scholar James K. Galbraith put it to us. Yet, the inequality studies grass is growing today–really, it’s something of a lush jungle. Arguably, the return of inequality studies is biggest change that has happened in economics over the last decade or so. Why did it return? Just as importantly, how could it have possibly disappeared? On this episode, we survey the broad political and intellectual history of inequality studies in economics.

First, economist Branko Milanovic, author of Visions of Inequality: From the French Revolution to the End of the Cold War, introduces us to a few of the reasons why inequality was marginalized, including the mathematization of the economic mainstream. In short, we sidelined the political in political economy. Then, political theorist Michael Thompson, author of The Politics of Inequality: A Political History of the Idea of Economic Inequality in America, introduces us to the work of Frank Knight and other market-friendly economists who provided ideological justification for widening inequality. Finally, inequality scholar Poornima Paidipaty, speaks to us about the return of inequality studies, particularly through the landmark work of Thomas Piketty. Yet, Paidipaty and her co-author Pedro Ramos Pinto highlight some of the limits of Picketty’s vision in their article “Revisiting the “Great Levelling”: The limits of Piketty’s Capital and Ideology for understanding the rise of late 20th century inequality.”

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Why Can’t the US Compete with China in Infrastructure? Nov 07, 2024

In this episode, Dr. Shahar Hameiri and Dr. Lee Jones discuss the political economy and financing behind global infrastructure development, with a focus on China’s Belt and Road Initiative (BRI). The discussion explores the driving forces behind Chinese infrastructure investment, while addressing the crucial question of why American and European initiatives such as Global Gateway and the Program for Global Infrastructure and Investment struggle to compete with the BRI. We discuss dynamics of public and private finance, the role of public-private partnerships, and the challenges private investors face. Importantly, this episode reveals the U.S. Development Finance Corporation’s increasing reliance on private capital, and the decline of the construction sector in the U.S. economy. This comprehensive view shows how different financing and development models shape the global infrastructure landscape, how infrastructure development has evolved into its current state, and novel fields of competition, such as undersea Internet cables.

Hameiri and Jones are co-authors of Fractured China: How State Transformation is Shaping China's Rise (Cambridge University Press, 2021).

Dr. Hameiri is Professor in the School of Political Science and International Relation at The University of Queensland. A political economist with diverse research interests, traversing the fields of security, development and aid, governance, political geography and international relations, he is interested in understanding the evolving nature of statehood and political agency under conditions of globalisation. His books include International Intervention and Local Politics (Cambridge University, 2017), Governing Borderless Threats: Non-Traditional Security and the Politics of State Transformation (Cambridge University Press, 2015), and Regulating Statehood (Palgrave Macmillan, 2010), and he is a co-editor for the fourth edition of The Political Economy of Southeast Asia: Poliltics and Uneven Development Under Hyperglobalisation (Palgrave Macmillan, 2020). X: @ShaharHameiri.

Dr. Jones is Professor in International Politics at the Queen Mary University of London. Lee specialises in political economy and international relations, focusing on the politics of intervention, security, and governance, with a particular interest in social conflict and the transformation of states. Much of his work focuses on Southeast Asia and China. Lee regularly advises the British and other governments and civil society organisations and has often appeared in the national and international media. A fellow of the Higher Education Academy, he also sits on the board of Palgrave’s series Studies in the Political Economy of Public Policy, and the ESRC’s peer review college. For further information see www.leejones.tk.

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Melissa Teixeira, "A Third Path: Corporatism in Brazil and Portugal" (Princeton UP, 2024) Nov 05, 2024

Following the Great Depression, as the world searched for new economic models, Brazil and Portugal experimented with corporatism as a “third path” between laissez-faire capitalism and communism. In a corporatist society, the government vertically integrates economic and social groups into the state so that it can manage labor and economic production. In the 1930s, the dictatorships of Getúlio Vargas in Brazil and António de Oliveira Salazar in the Portuguese Empire seized upon corporatist ideas to jump-start state-led economic development. In A Third Path: Corporatism in Brazil and Portugal (Princeton University Press, 2024), Dr. Melissa Teixeira examines these pivotal but still understudied initiatives.

What distinguished Portuguese and Brazilian corporatism from other countries’ experiments with the mixed economy was how Vargas and Salazar dismantled liberal democratic institutions, celebrating their efforts to limit individual freedoms and property in pursuit of economic recovery and social peace. By tracing the movement of people and ideas across the South Atlantic, Teixeira vividly shows how two countries not often studied for their economic creativity became major centers for policy experimentation. Portuguese and Brazilian officials created laws and agencies to control pricing and production, which in turn generated new social frictions and economic problems, as individuals and firms tried to evade the rules. And yet, Teixeira argues, despite the failings and frustrations of Brazil’s and Portugal’s corporatist experiments, the ideas and institutions tested in the 1930s and 1940s constituted a new legal and technical tool kit for the rise of economic planning, shaping how governments regulate labor and market relations to the present day.

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.

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Mara Kardas-Nelson, "We Are Not Able to Live in the Sky: The Seductive Promise of Microfinance" (Metropolitan Books, 2024) Nov 05, 2024

In this deeply researched and compelling narrative, journalist Mara Kardas-Nelson examines the complex history and impact of microfinance - the practice of giving small loans to poor people, particularly women, that was once hailed as a revolutionary solution to global poverty. Through intimate portraits of borrowers in Sierra Leone and extensive interviews with key figures in the microfinance movement, Kardas-Nelson reveals how an idea that began with noble intentions became a multi-billion dollar industry with sometimes devastating consequences for the very people it aimed to help.

We Are Not Able to Live in the Sky: The Seductive Promise of Microfinance (Metropolitan Books, 2024) weaves together two parallel narratives: the stories of women in Sierra Leone struggling with high-interest microloans while trying to support their families, and the history of how microfinance evolved from a small experiment into a global phenomenon championed by the likes of Hillary Clinton and Muhammad Yunus. Through careful reporting and historical analysis, Kardas-Nelson explores how problematic ideologies about poverty, entrepreneurship, and individual responsibility shaped the development of microfinance programs, often overlooking local economic realities and existing informal lending practices.

What makes this book particularly valuable is how it challenges conventional narratives about microfinance without dismissing the real needs that drive people to seek these loans. Through detailed portraits of women in Sierra Leone, Kardas-Nelson shows how borrowers navigate a complex web of debt, social obligations, and economic pressures. The author raises important questions about whether encouraging poor people to take on high-interest debt is truly the best way to address poverty, while also examining alternative approaches like direct cash transfers and comprehensive social services.

This timely investigation offers crucial insights for anyone interested in international development, poverty alleviation, and the often unintended consequences of well-meaning interventions in the lives of the world's poor. Through meticulous reporting and thoughtful analysis, Kardas-Nelson challenges readers to think more critically about how we approach poverty alleviation and what truly constitutes meaningful economic development.

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Emiliana Vegas, "Let's Change the World: How to Work within International Development Organizations to Make a Difference" (Rowman & Littlefield, 2024) Nov 05, 2024

So many talented young people receive a great education and set out to make a difference in the world. Yet, they often find the global institutions on that path difficult to understand, hard to get into, and even harder to navigate. Emiliana Vegas provides a deeply personal and informative guide to building a career in international development for current and aspiring changemakers.

Let's Change the World: How to Work within International Development Organizations to Make a Difference (Rowman & Littlefield, 2024) dives into the key lessons and specific takeaways the author has learned throughout her twenty years working in international development organizations. Vegas's passion for the power of education comes through on every page of this book and now she is sharing what she has learned to help others achieve the same success. Through insider tips, best practices, and targeted advice, readers will come away with a clear picture of how these organizations really work, how you can get in and thrive, and how to make a real difference from the inside out.

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Salem Elzway and Jason Resnikoff on Automation Nov 04, 2024

Peoples & Things host, Lee Vinsel, talks with Salem Elzway, postdoctoral fellow in the Society of Fellows in the Humanities at University of Southern California, and Jason Resnikoff, assistant professor of contemporary history at the University of Groningen, about the history of automation. The discussion takes as its launching point an essay Elzway and Resnikoff published in the journal Labor titled, “Whence Automation?: The History (and Possible Futures) of a Concept.” The conversation approaches the history of automation and how to study it from a number of angles, including diving into Elzway’s and Resnikoff’s individual research agendas, as well as discussion of the nature of collaborative work in history, a field that can sometimes be all-too competitive and turf-like.

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Adam Hanieh, "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market" (Verso, 2024) Nov 02, 2024

Oil is everywhere. It’s in our cars, it’s in the fertilizer used to grow our food, and it’s in the plastics used to produce and transport our consumer goods, to name just a few prominent uses. How did oil come to occupy its central position in the world economy? How did corporate power shape the uptake, pricing, and distribution of oil and petrochemicals? And how have changes in oil markets affected broader trends in the global economy? In Crude Capitalism: Oil, Corporate Power, and the Making of the World Market (Verso, 2024), my guest Adam Hanieh tackles all of these questions by tracing the history and diverse geographies of oil. His narratives weaves together links between oil, geopolitics, high finance, the evolution of corporate organization, and the environment.

Adam Hanieh is Professor of Political Economy and Global Development at the University of Exeter in the UK. He is currently a Distinguished Visiting Professor at Tsinghua University in Beijing. He is previous books are Lineages of Revolt (2013) and Money, Markets, and Monarchies: The Gulf Cooperation Council and the political economy of the contemporary Middle East (2020).

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From Rubinomics to Bidenomics: On the Democratic Party’s Shifting Trade & Industrial Policy Nov 01, 2024

This is episode two Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page.

This episode looks at shifting landscape of economic thinking within the Democratic Party. First, historian Lily Geismer, author of Left Behind: The Democrats’ Failed Attempt to Solve Inequality, tells us the story of how the Democrats became captured by the Clintonian ‘Third Way.’ The Third Way argued that economic policy should move away from the sunset industries, like the unionized industrial labour that typically made the Democratic base, and move towards the sunrise industries of tech and finance.

Then, the Biden team came to see this thinking as precipitating the rise of Trumpism. So free-wheeling trade and industrial policy is out, and the Clinton-era neoliberal consensus just is not a consensus anymore–some even claim neoliberalism is dead. Bidenomics replaced it, whatever that is. Yet, Bidenomics was a political dud, and now it looks like it might be on the way out. Where is the US’ economic policy thinking going on November 5th, and beyond? We try to figure that out, with the help of political economist Mark Blyth, author of the forthcoming Inflation: A Guide for Users and Losers.

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Dariusz Wojcik et al., "Atlas of Finance: Mapping the Global Story of Money" (Yale UP, 2024) Oct 31, 2024

From the emergence of money in the ancient world to today’s interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented.

Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability.

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.

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Mark W. Geiger, "Floor Rules: Insider Culture in Financial Markets" (Yale UP, 2024) Oct 29, 2024

Are financial markets lawless and irrational? It may seem that way from the outside, but for market insiders there are multiples sets of rules that they break at their peril.

Official rules set by law or by the exchanges exist alongside unofficial rules, or floor rules. Between these, it is the floor rules -- the norms followed by other insiders -- that matter most. Breaking an official rule might lead to a fine or even jail. Breaking floor rules can lead to being ostracized from markets as well as social and financial ruin.

In Floor Rules: Insider Culture in Financial Markets(Yale UP, 2024), Mark W. Geiger tells compelling stories of market disturbances in which insider rules played a key role. He examines the norms, customs, values, and operating modes of insiders at the center of financial markets that trade money, stocks, bonds, futures, and other financial derivatives. These core insiders are a relatively small group who govern the markets.

The book tells the riveting story of Benjamin Hutchinson, who made national news for his dramatic 1888 wheat market corner in Chicago, in which he outsmarted four powerful traders who had joined to force him out of the market, survived a life-threatening physical assault on the trading floor, and almost brought down the Chicago wheat market.

It also unpacks the LIBOR scandal of 2008 in which bankers in major international firms manipulated interbank loan rates to inflate their own profits at the expense of investors and at tremendous risk to the industry.

Geiger analyzes the cultural history of market trading, describes the role of insiders, and suggests where this peculiar, ingrown culture is heading in an era of technological change.

The book releases on October 29, the 95th anniversary of the Black Tuesday crash of 1929, the beginning of the Great Depression.

Related resources:

Mark Geiger's personal website and portfolio of generative AI artwork

Author recommended reading:

Den of Thieves by James B. Stewart
Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof and Robert J. Shiller

Hosted by Meghan Cochran

NOTE: Kluge Fellow at the Library of Congress should have been pronounced with a hard "g" as in kloo-ghee.

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Eric Helleiner, "The Neomercantilists: A Global Intellectual History" (Cornell UP, 2021) Oct 29, 2024

At a time when critiques of free trade policies are gaining currency, The Neomercantilists: A Global Intellectual History(Cornell UP, 2021) helps make sense of the protectionist turn, providing the first intellectual history of the genealogy of neomercantilism. Eric Helleiner identifies many pioneers of this ideology between the late eighteenth and early twentieth centuries who backed strategic protectionism and other forms of government economic activism to promote state wealth and power. They included not just the famous Friedrich List, but also numerous lesser-known thinkers, many of whom came from outside of the West.

Helleiner's novel emphasis on neomercantilism's diverse origins challenges traditional Western-centric understandings of its history. It illuminates neglected local intellectual traditions and international flows of ideas that gave rise to distinctive varieties of the ideology around the globe, including in Latin America, the Caribbean, Africa, and Asia. This rich history left enduring intellectual legacies, including in the two dominant powers of the contemporary world economy: China and the United States.

The result is an exceptional study of a set of profoundly influential economic ideas. While rooted in the past, it sheds light on the present moment. The Neomercantilists shows how we might construct more global approaches to the study of international political economy and intellectual history, devoting attention to thinkers from across the world, and to the cross-border circulation of thought.

Eric Helleiner is an author and professor of political science and the Faculty of Arts Chair in International Political Economy at the University of Waterloo.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

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Simon Kuznets and the Invention of the Economy Oct 27, 2024

Economics sometimes feels like a physics–so sturdy, so objective, and so immutable. Yet, behind every clean number or eye-popping graph, there is usually a rather messy story, a story shaped by values, interests, ideologies, and petty bureaucratic politics. In Cited Podcast’s new mini-series, the Use and Abuse of Economic Expertise, we tell the hidden stories of the economic ideas that shape our world. For future episodes of our series, and a full list of credits, visit our series page.

On episode one, we begin at the beginning: the invention of the modern economy, or at least the idea of the economy. It starts with one measure: the GDP, or gross domestic product. It’s a measure that comes to define what we mean by ‘the economy.’ Before GDP, we did not really speak in those terms. Cited producer Alec Opperman talks to sociologist Dan Hirshman, who brings the story of the man who pioneered the GDP, Simon Kuznets. Yet, the GDP was not the measure the Kuznets hoped it would be. It’s a story that reveals the surprisingly contentious politics of counting things up.

Plus, what about alternatives to GDP? The Genuine Progress Indicator, the Human Development Index, the Green GDP, and so on. These measures are said to be more progressive, as they often capture things we value (like, care work for instance), and subtracting out things we could use less off (like, environmental degradation). Scholars and policy wonks have been raging about these types of measures for decades, but they have not taken off. Why? Economic historian Dirk Philipsen, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It(Princeton UP, 2017), talks to Alec about why a good number alone is never enough to change the world.

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Andrew deWaard, "Derivative Media: How Wall Street Devours Culture" (U California Press, 2024) Oct 27, 2024

Sequels, reboots, franchises, and songs that remake old songs—does it feel like everything new in popular culture is just derivative of something old? Contrary to popular belief, the reason is not audiences or marketing, but Wall Street. In this book, Andrew deWaard shows how the financial sector is dismantling the creative capacity of cultural industries by upwardly redistributing wealth, consolidating corporate media, harming creative labor, and restricting our collective media culture. Moreover, financialization is transforming the very character of our mediascapes for branded transactions. Our media are increasingly shaped by the profit-extraction techniques of hedge funds, asset managers, venture capitalists, private equity firms, and derivatives traders. Illustrated with examples drawn from popular culture, Derivative Media: How Wall Street Devours Culture(University of California Press, 2024) offers readers the critical financial literacy necessary to understand the destructive financialization of film, television, and popular music—and provides a plan to reverse this dire threat to culture.

A free digital version of this title is available here.

Andrew deWaard is Assistant Professor of Media and Popular Culture at the University of California, San Diego, and coauthor of The Cinema of Steven Soderbergh: Indie Sex, Corporate Lies, and Digital Videotape.

Peter C. Kunze is assistant professor of communication at Tulane University.

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Matilde Masso, "Contested Money: Towards a New Social Contract" (Routledge, 2023) Oct 25, 2024

Discussing money is always accompanied by controversy as well as enchantment. Debating what money is and how it performs its main functions in the contemporary economy is fundamental to understanding the social consequences of money transformation associated with the digital revolution. This book explores the links between the current and prospective properties of money, its production, and its relationship to the concepts of value, the common good, and innovation.

Contested Money: Towards a New Social Contract (Routledge, 2023) opens a debate on the role that money could play in a different paradigm based on a renewed conception of monetary properties and functions that are capable of having a positive impact on social and individual welfare. Massó outlines the fundamentals of this monetary model, which would operate as a parallel currency, where the processes of monetary and value creation are connected in a new deal between the citizen and the state, grounded on an approach of reciprocal rights and responsibilities.

This book will appeal to scholars, students, and, more broadly, readers interested in a contemporary understanding of what money is, how it is being transformed, and the role that it can play in redefining the twenty-first-century social contract.

Matilde Massó is an Associate Professor of Sociology in the Department of Sociology and Communication Sciences at the University of A Coruña (UDC). Her main research interests focus on the transformations of money, the role of culture and emotions in economic processes, and how technological innovation is shaping a new conception of the economy concerning theories of justice. She has extensive experience leading research projects in economic sociology, particularly in financialization studies, the sociology of money, and financial innovation. Her recent publications include Contested Money (Routledge, 2024) and Why Money Matters? (Journal of Economic Issues, 2023). Additionally, she was awarded a Marie Curie IF Action in 2016.

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Deborah Valenze, "The Invention of Scarcity: Malthus and the Margins of History" (Yale UP, 2023) Oct 24, 2024

A radical new reading of eighteenth-century British theorist Thomas Robert Malthus, which recovers diverse ideas about subsistence production and environments later eclipsed by classical economics

With the publication of Essay on the Principle of Population and its projection of food shortages in the face of ballooning populations, British theorist Thomas Robert Malthus secured a leading role in modern political and economic thought. In this startling new interpretation, Deborah Valenze reveals how canonical readings of Malthus fail to acknowledge his narrow understanding of what constitutes food production.

Valenze returns to the eighteenth-century contexts that generated his arguments, showing how Malthus mobilized a redemptive narrative of British historical development and dismissed the varied ways that people adapted to the challenges of subsistence needs. She uses history, anthropology, food studies, and animal studies to redirect our attention to the margins of Malthus’s essay, where activities such as hunting, gathering, herding, and gardening were rendered extraneous. She demonstrates how Malthus’s omissions and his subsequent canonization provided a rationale for colonial imposition of British agricultural models, regardless of environmental diversity.

By broadening our conception of human livelihoods, Valenze suggests pathways to resistance against the hegemony of Malthusian political economy. The Invention of Scarcity: Malthus and the Margins of History(Yale UP, 2023) invites us to imagine a world where monoculture is in retreat and the margins are recentered as spaces of experimentation, nimbleness, and human flourishing.

Deborah Valenze is the Ann Whitney Olin Professor of History at Barnard College. A recipient of numerous fellowships, she has written four previous books on British culture and economic life. She lives in Cambridge, MA, and New York City.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

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India Rising: Navigating the Second Cold War in South Asia from Nepal to the Maldives Oct 23, 2024

What is the role of India in the Second Cold War (SCW) in South Asia? How do local histories, internal politics, and subnational dynamics shape relations with India and China? How does connectivity and infrastructure become a tool for geopolitical competition in the region, from China’s BRI to India’s infrastructural collaboration, and the US’s Millennium Challenges Corporation? On this episode we sit down with Dr. Dinesh Paudel and Aaron Magunna to answer these questions and discuss how it unfolds through cases in the Maldives and Nepal. A wide-ranging conversation, we learn about a rising India, India-China tensions, and how local politics shape the regional SCW.

Dr. Dinesh Paudel is a Professor in the Sustainable Development Department at Appalachian State University. His current research focuses on exploring the relationships and entanglements between the rising Asian economies, growing environmental degradations and rapidly expanding infrastructure in the Himalaya. He has written extensively on infrastructure and the Belt and Road Initiative in Nepal.

Aaron Magunna is a PhD student at the University of Queensland in Australia. His research focuses primarily on how countries in Asia, particularly India and Japan, respond to China-US competition by adapting their security, trade, and technology policies.

Resources:

Paudel, Dinesh. 2021. Himalayan BRI: an infrastructural conjuncture and shifting development in Nepal. Area Development and Policy.
Paudel, D., & Rankin, K. (2022). Himalayan geopolitical competition and the agency of the infrastructure state in Nepal. In The Rise of the Infrastructure State (pp. 213-226). Bristol University Press.

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Kevin Sanson, "Mobile Hollywood: Labor and the Geography of Production" (U California Press, 2024) Oct 20, 2024

What is the future of the film industry? In Mobile Hollywood Labor and the Geography of Production(U California Press, 2024), Kevin Sanson, Professor of Media Studies and Head of the School of Communication at Queensland University of Technology, examines the way Hollywood film production has become a global industry. The book theorises Hollywood as a distinct spatial assemblage, and examines the consequences of the rise of global, mobile film production for places and for workers. Offering a unique perspective on the challenges of this new mode of production, alongside insights on how ‘good work’ can be defended and preserved in media industries, the book is essential reading across the humanities and social sciences, as well as for anyone interested in media today. The book is also available open access here.

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Tevi Troy, "The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry" (Regnery History, 2024) Oct 16, 2024

When U.S. presidents clash with corporate titans, what tips the balance of power?

In The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry(Regnery History, 2024), acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation's commander in chief. He unearths the untold stories - both political and personal - that have shaped America.

Troy shows how the vast reach of the federal government become a critical fact of life for every business, entrepreneur, and innovator. Today, companies find themselves navigating a competitive landscape defined by stringent regulations, so top CEOs and key business leaders must influence the legislative and regulatory system. As public affairs teams and government relations experts put forward strategies to survive Washington, CEOs have become the most important warrior on the frontlines. The Power and the Money shows how some of the nation's most important CEOs forged (and fumbled) relationships with the president.

Troy also shows how the most powerful man in the world depends on CEOs. CEOs provide assistance in the form of personnel, policy insights, and campaign cash, but they also become essential foils for presidents, serving as both allies and convenient enemies.

The Power and the Money reveals an intricate web of power, where CEOs need presidents, and presidents need CEOs. Troy shows how each must step carefully - or risk unpredictable costs and collateral damage. From heavyweights John D. Rockefeller and Mark Zuckerberg to Katherine Graham, Elon Musk, and more, Troy takes readers inside the friendships and the conflicts that shook the American economy and re-shaped America.

Drawing on his experiences as bestselling historian and former senior White House aide, Troy offers unique insights and details that shed light on the growing, intertwining behemoths of government and big business - and what it means for the future of our nation.

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

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.

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

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.

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

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

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

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

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

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.

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

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.

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

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.

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

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.

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Emily M. Bender on AI Hype Sep 23, 2024

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.

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

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.

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Lisa Fletcher and Elizabeth Leane, "Space, Place, and Bestsellers: Moving Books" (Cambridge UP, 2024) Sep 20, 2024

From airport bookstores to deckchairs, as audiobooks downloaded by commuters, and on Kindles and other portable devices, twenty-first century bestsellers move in old and new ways. In Space, Place, and Bestsellers: Moving Books (Cambridge University Press Elements in Publishing and Book Culture series, 2024), Lisa Fletcher and Elizabeth Leane examine the locations and mobilities of the contemporary bestseller as a multi-format commercial object. It employs paratextual, textual, and site-based analysis of the spatiality of bestsellers and considers the centrality of geography to the commercial promise of these books. Space, Place, and Bestsellers provides analysis of the spatial logic of bestseller lists, evidence-rich accounts of the physical and digital retail sites through which bestsellers flow, and new interpretations of how affixing the label 'bestseller' individual authors and titles generates industrial, social, and textual effects. Through its multi-layered analysis, this book offers a new model for studying the spatiality of popular fiction.

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Beng Huat Chua, "Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing" (NUS Press, 2024) Sep 19, 2024

The achievement of Singapore’s national public housing program is impressive by any standard. Within a year of its first election victory in 1959, the People's Action Party began to deliver on its promises in dramatic fashion. By the 1980s, 85 percent of the population had been rehoused in modern flats, and today, decades later, the provision of public housing shapes Singapore's environment. The standard accounts of this remarkable transformation leave many questions unanswered, from the historical to urgent matters of current policy: Why, of all the pressing demands of Singapore's newly enfranchised citizens, was housing such a priority back in the 1960s? How did the provision of social welfare via public housing shape Singapore's industrialisation and development over the last 50 years? Looking ahead, can the HDB continue to be a source of affordable housing for young families, while long-standing appreciation in flat prices provides for the retirement of their parents? How can this be managed as 99-year leases on flats run down? When young people from wealthy families purchase subsidised flats and then resell them for a profit as soon as they can, what does that do for the already pressing issues of inequality in Singapore?

Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing (NUS Press, 2024) is a culmination of Dr. Chua Beng Huat's study of Singapore's public housing system, its dynamics, and the ways it functions in Singapore's politics. Does every great success hold within it the seeds of failure? The book will be of interest to citizens, and scholars of the political economy of Asian development, of social welfare provision, and of Singapore.

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.

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Eli Revelle Yano Wilson, "Handcrafted Careers: Working the Artisan Economy of Craft Beer" (U California Press, 2024) Sep 17, 2024

Handcrafted Careers: Working the Artisan Economy of Craft Beer (U California Press, 2024) unpacks the problems and privileges of pursuing a career of passion by exploring work inside craft breweries.

As workers attempt new modes of employment in the era of the Great Resignation, they face a labor landscape that is increasingly uncertain and stubbornly unequal. With Handcrafted Careers, sociologist Eli Revelle Yano Wilson dives headfirst into the everyday lives of workers in the craft beer industry to address key questions facing American workers today: about what makes a good career, who gets to have one, and how careers progress without established models.

Wilson argues that what ends up contributing to divergent career paths in craft beer is a complex interplay of social connections, personal tastes, and cultural ideas, as well as exclusionary industry structures. The culture of work in craft beer is based around “bearded white guy” ideals that are gendered and racialized in ways that limit the advancement of women and people of color. A fresh perspective on niche industries, Handcrafted Careers offers sharp insights into how people navigate worlds of work that promote ideas of authenticity and passion-filled careers even amid instability.

Michael O. Johnston, Ph.D. is a Assistant Professor of Sociology at William Penn University. He is the author of The Social Construction of a Cultural Spectacle: Floatzilla (Lexington Books, 2023) and Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington Books, 2022). His general area of study is at the intersection of built-environment, experience, identity, and place. He is currently conducting research on how architectural designers, builders, and community planners negotiate a sense of identity and place for residents of newly constructed neighborhoods. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Thomas White, "China's Camel Country: Livestock and Nation-Building at a Pastoral Frontier" (U Washington Press, 2024) Sep 14, 2024

China today positions itself as a model of state-led environmentalism. On the country’s arid rangelands, grassland conservation policies have targeted pastoralists and their animals, blamed for causing desertification. State environmentalism - in the form of grazing bans, enclosure, and resettlement - has transformed the lives of many ethnic minority herders in China’s western borderlands. However, this book shows how such policies have been contested and negotiated on the ground, in the context of the state’s intensifying nation-building project.

Drawing on ethnographic fieldwork in Alasha, in the far west of China’s Inner Mongolia Autonomous Region, Thomas White describes how ethnic Mongols have foregrounded the local breed of Bactrian camel, mobilizing ideas of heritage and resource conservation to defend pastoralism. In exploring how the greening of the Chinese state affects the entangled lives of humans and animals at the margins of the nation-state, this study is both a political biography of the Bactrian camel and an innovative work of political ecology addressing critical questions of rural livelihoods, conservation, and state power.

Thomas White is lecturer in China and Sustainable Development at the Lau China Institute, King’s College London. His research interests include China’s borderlands, political ecology, infrastructure, and Sino-Mongolian relations. China's Camel Country: Livestock and Nation-Building at a Pastoral Frontier(U Washington Press, 2024) is his first monograph.

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.

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Meg Rithmire, "Precarious Ties: Business and the State in Authoritarian Asia" (Oxford UP, 2023) Sep 14, 2024

Developing Asia has been the site of some of the last century's fastest growing economies as well as some of the world's most durable authoritarian regimes. Many accounts of rapid growth alongside monopolies on political power have focused on crony relationships between the state and business. But these relationships have not always been smooth, as anti-corruption campaigns, financial and banking crises, and dramatic bouts of liberalization and crackdown demonstrate. Why do partnerships between political and business elites fall apart over time? And why do some partnerships produce stable growth and others produce crisis or stagnation?

In Precarious Ties: Business and the State in Authoritarian Asia(Oxford UP, 2023) (Oxford, 2023), Meg Rithmire offers a novel account of the relationships between business and political elites in three authoritarian regimes in developing Asia: Indonesia under Suharto's New Order, Malaysia under the Barisan Nasional, and China under the Chinese Communist Party. All three regimes enjoyed periods of high growth and supposed alliances between autocrats and capitalists. Over time, however, the relationships between capitalists and political elites changed, and economic outcomes diverged. While state-business ties in Indonesia and China created dangerous dynamics like capital flight, fraud, and financial crisis, Malaysia's state-business ties contributed to economic stagnation.

To understand these developments, Rithmire, a professor at Harvard Business School, presents two conceptual models of state-business relations that explain their genesis and why variation occurs over time. She shows that mutual alignment occurs when an authoritarian regime organizes its institutions, or even its informal practices, to induce capitalists to invest in growth and development. Mutual endangerment, on the other hand, obtains when economic and political elites are entangled in corrupt dealings and invested in perpetuating each other's dominance. The loss of power on one side would bring about the demise of the other. Rithmire contends that the main factors explaining why one pattern dominates over the other are trust between business and political elites, determined during regime formation, and the dynamics of financial liberalization. Empirically rich and sweeping in scope, Precarious Ties offers lessons for all nations in which the state and the private sector are deeply entwined.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco. His research examines the political economy of governance and development in China.

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Alison Fragale, "Likeable Badass: The New Science of Successful Women" (Doubleday Books, 2024) Sep 07, 2024

Behavioral scientist Alison Fragale offers powerful new insights and a practical playbook for women to advance in any workplace, full of tips, tricks, and strategies to help secure that elusive corner office.

Over decades of research, speaking engagements, and mentorship, psychologist and professor Alison Fragale encountered recurring questions from high powered and early career women alike: How do women thread the needle of kindness and competence in the workplace? How can women earn credit for their accomplishments, negotiate better, and navigate complex office politics without losing the goodwill of their peers?

Fragale investigated and determined that many women's workplace issues boil down to what psychologists call status: the perception of them by others. No amount of power-- no degree, title, or paycheck-- will raise a woman's workplace stature unless it also affects how others see her. Acknowledging this roadblock, Fragale pulls back the curtain on how we can change how others see us by developing our standing as a "likeable badass." By cultivating perceptions of warmth and assertiveness, women can achieve the kind of reputation that leads to a seat at the table and a fulfilling career path.

Likeable Badass: The New Science of Successful Women(Doubleday Books, 2024) is equal parts behavioral science and life hacks, weaving together rigorous research with actionable advice and impactful stories from a diverse array of women. This is a warm, heartening book written for women, their allies, and anyone who struggles to rise, and wants evidence-based, practical strategies for success, served with a side of inspiration and humor.

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David Lay Williams, "The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx" (Princeton UP, 2024) Sep 03, 2024

Political Theorist David Lay Williams has a new book that traces the problem of economic inequality through the thought of many of the canonical thinkers in Western political theory. The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx(Princeton UP, 2024) explores the thought of Socrates and Plato, Jesus, Thomas Hobbes, Jean-Jacques Rousseau, Adam Smith, John Stuart Mill, and Karl Marx. We often turn to these thinkers and their various works to consider how best to establish political regimes and understand political power. But it is quite difficult to separate economics from politics, since these are both key parts of all societies.

And this is the thrust of William’s work in The Greatest of All Plagues. We expect to find critiques of economics in Karl Marx or Adam Smith, given the focus of their political thought. But The Greatest of All Plagues demonstrates how vital the economic questions are for all of these western thinkers, and how concerned they each were with the concentration of wealth among the few within a society. This is a key component of the analysis in the book and in our conversation: “economic inequality” is a broad term and encompasses many complexities, but the thrust of the book is that each thinker is particularly concerned about the wealthy and the poor, and the destabilizing impact of a very few having great wealth. This is not to exclude poverty from the analysis, but much attention is often paid to the poor and ways to solve poverty. Scant attention is generally paid to the problem posed by excessive wealth, and the imbalance between those possessing great wealth and the rest of the society, and how this is problematic for political regimes and societies.

The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx is an impressive exploration of not only the work of these political thinkers, but also of the many scholars who have studied these works and these thinkers. There is much depth to this study, and the reader learns a great deal about the works themselves, the theorist under consideration in each chapter, historical context, and the interrelationship between politics and inequality. Williams is clear that his focus is on economic inequality in political theory, and not other, equally important inequalities. During the course of our conversation, we only touch on the surface of this complex and deep work. It is a worthy subject for investigation and this well-written and accessible book provides the reader with a rich discourse on the reason why we should pay attention to wealth inequality and how it contributes to societal instability, the corruption of character and soul, and how it remains an ongoing threat to justice, democracy, freedom and faith.

Lilly J. Goren is a professor of political science at Carroll University in Waukesha, WI. She is co-host of the New Books in Political Science channel at the New Books Network. She is co-editor of The Politics of the Marvel Cinematic Universe (University Press of Kansas, 2022), as well as co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012). She can be reached @gorenlj.bsky.social

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Manuela Moschella, "Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy" (Cornell UP, 2024) Sep 01, 2024

In Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy (Cornell University Press, 2024), Dr. Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present.

Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial crisis and the 2020 COVID-19 crisis, central banks have upended observer expectations by implementing largely unknown and unconventional monetary policies. Far from abiding by well-established policy playbooks, central banks now engage in practices such as providing liquidity support for a wide range of financial institutions and quantitative easing. They have even stretched the remit of monetary policy into issues such as inequality and climate change.

Dr. Moschella argues that the political nature of central banks lies at the heart of these transformations. While formally independent, central banks need political support to justify their policies and powers, and to obtain it, they carefully manage their reputation among their audience selected officials, market actors, and citizens. Challenged by reputational threats brought about by twenty-first-century recessionary and deflationary forces, central banks such as the Federal Reserve System and the European Central Bank strategically deviated from orthodox monetary policies to preempt or manage political backlash and to regain public trust. Central banks thus evolved into a new role only in coordination with fiscal authorities and on the back of public contestation.

Eye-opening and insightful, Unexpected Revolutionaries is necessary reading for discussions on the future of the neoliberal macroeconomic regime, the democratic oversight of monetary policymaking, and the role that central banks canor cannotplay in our domestic economies.

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.

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The Human Advantage: A Conversation with Jay Richards Aug 28, 2024

In this episode, we explore the insights of Jay Richards, author of The Human Advantage: The Future of American Work in an Age of Smart Machines (Forum, 2019). Richards wrote this book during a time when automation and technology were beginning to redefine the boundaries of human work and creativity. His core argument is that, despite the rise of machines, there are certain uniquely human qualities—such as creativity, moral judgment, and entrepreneurial spirit—that cannot be replicated by technology. These traits, he suggests, are what give us a distinct edge in the face of automation.

As we look at today's world, where artificial intelligence and machine learning have advanced at an unprecedented pace, we must ask: Do Richards' ideas still hold true? In an era where AI can perform tasks once thought to be the exclusive domain of humans, from creative endeavors to complex decision-making, is there still a clear-cut human advantage? Richards' book offers a lens through which to examine these questions, urging us to consider how we can harness our inherent strengths to adapt and thrive in this new landscape.

In our conversation, we dive deep into these questions, exploring the relevance of The Human Advantage in today's rapidly evolving technological environment. How can we, as individuals and as a society, ensure that we maintain and even enhance our human edge? What role do creativity, ethics, and entrepreneurship play in a world increasingly driven by algorithms and automation? This episode offers valuable insights for anyone grappling with the implications of modern technology on our work, lives, and future.

Jay Richards is an American analytical philosopher who focuses on the intersection of politics, philosophy, and religion. He is the William E. Simon Senior Research Fellow in Heritage’s DeVos Center for Religion and Civil Society at The Heritage Foundation

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

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Robert Vitalis, "Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy" (Stanford UP, 2020) Aug 26, 2024

We've heard and rehearsed the conventional wisdom about oil: that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia.

That common sense is wrong. The author of America's Kingdom: Mythmaking on the Saudi Oil Frontier (Stanford University Press, 2007),Robert Vitalis returns to disenchant us once again—this time from "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Contrary to the deeply-held beliefs of hawkish foreign policy experts and career academics alike, oil is a commodity like any other: bought, sold, and subject to market forces. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Nevertheless, persistent fears of oil scarcity and conflict continue to breed real consequences. Robert Vitalis, Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy(Stanford UP, 2020) presses us to reconsider, among many things, the U.S.-Saudi special relationship, which confuses and traps many into unnecessarily accepting what we imagine is a devil's bargain. Along the way, Vitalis resurrects a forgotten school of critics of empire—a reprisal of his task in White World Order, Black Power Politics: The Birth of American International Relations (Cornell University Press, 2017).

Freeing ourselves from the spell of oilcraft won't be easy. But the benefits of doing so, and the drawbacks of not, make it essential.

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Eyck Freymann, "One Belt One Road: Chinese Power Meets the World" (Harvard UP, 2020) Aug 25, 2024

China’s One Belt One Road policy, or OBOR, represents the largest infrastructure program in history. Yet little is known about it with any certainty. How can something so large be so bewildering?

In One Belt One Road: Chinese Power Meets the World(Harvard East Asian Monographs, 2020), Eyck Freymann, a DPhil Candidate in China Studies at the University of Oxford, explores the nature, function, and purposes of OBOR. Drawing on primary documents in five languages, interviews with senior officials, and on-the-ground case studies in Sri Lanka, Tanzania, and Greece, Freymann sifts through the purposeful ambiguity of the Chinese Communist Party and unravels a series of popular myths about OBOR.

He finds that OBOR is not controlled by a monolithic state apparatus; that recipient nations do not consider OBOR a debt trap; and that appeal of OBOR is growing, not shrinking.

Ultimately, Freymann argues that the infrastructure projects are a sideshow to something else: Xi Jinping’s project to restore China’s greatness in world affairs and to solidify his place at the helm of the new Chinese empire.

John Sakellariadis is a 2020-2021 Fulbright US Student Research Grantee. He holds a Master’s degree in public policy from the School of International and Public Affairs at Columbia and a Bachelor’s degree in History & Literature from Harvard University.

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Robert McCorquodale, "Business and Human Rights" (Oxford UP, 2024) Aug 22, 2024

Business and Human Rights Law is a rapidly growing area of law, which has dramatically transformed many parts of international law. In this new volume in the Elements series, Robert McCorquodale explores how the responsibility for human rights abuses has transitioned from a purely state obligation to also being the responsibility of businesses. Business responsibility for human rights impacts have become subject both to legislation and to court decisions whenever their activities lead to human rights abuses anywhere in the world.

Business and Human Rights (Oxford UP, 2024) shows the importance of the UN Guiding Principles on Business and Human Rights in these developments, and examines their influence on international, regional, and national law. It also analyses the changes on state obligations to protect human rights, on the corporate responsibility for human rights abuses, and on effective access to remedies for those adversely affected by business activities. Each of these shifts has consequences on core tenets of international law, such as sovereignty and jurisdiction, and has implications for crafting new international law in areas such as climate change and technology.

Robert is a member of the United Nations Working Group on Business and Human Rights, and brings his decades of experience in scholarship and legal practice in business and human rights law, as well as his extensive engagement with businesses, governments, civil society, and international organisations, to bear on his understanding and analysis of this increasingly important field.

Alex Batesmith is a Lecturer in Legal Profession in the School of Law at the University of Leeds, and a former barrister and UN war crimes prosecutor, with teaching and research interests in international criminal law, cause lawyering and the legal profession, and law and emotion. His University of Leeds profile page can be found here. Twitter: @batesmith. LinkedIn

His recent publications include:

“Cambodia and the progressivist ‘imaginary’: The limitations of international(ised) criminal tribunals as mechanisms for implementing human rights” in Louisa Ashley and Nicolette Butler (eds), The Incoherence of Human Rights in International Law: Absence, Emergence and Limitations (Routledge, 2024 ISBN13: 978-1-032638-03-4)
“‘Poetic Justice Products’: International Justice, Victim Counter-Aesthetics, and the Spectre of the Show Trial” in Christine Schwöbel-Patel and Rob Knox (eds) Aesthetics and Counter-Aesthetics of International Justice (Counterpress, 2024 ISBN 978-1-910761-17-5)
"Lawyers who want to make the world a better place – Scheingold and Sarat’s Something to Believe In: Politics, Professionalism, and Cause Lawyering" in D. Newman (ed.) Leading Works on the Legal Profession (Routledge, July 2023), ISBN 978-1-032182-80-3)
“International Prosecutors as Cause Lawyers" (2021) Journal of International Criminal Justice 19(4) 803-830 (ISSN 1478-1387)

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Angela Geck, "The Power to Persuade: Strategic Arguing at the World Trade Organization" (U Toronto Press, 2024) Aug 20, 2024

The Power to Persuade: Strategic Arguing at the World Trade Organization (University of Toronto Press, 2024) by Dr. Angela Geck provides an innovative and eye-opening analysis of strategic arguing as a means of power in global politics. Based on an empirical case study of arguing processes in the World Trade Organization (WTO), the book shows how discursive contexts, institutional norms and procedures, and unequal human resources condition who has the power to persuade.

While accounts of arguing in international relations are typically based on a notion of arguing as a power-free mode of interaction oriented towards understanding, Dr. Geck shows how such an approach precludes the question of persuasive power. Drawing on in-depth interviews with Geneva diplomats and a document-based analysis of the negotiations on two Doha Round issues, the book examines the practices governing strategic arguing in the WTO and uncovers two sources of persuasive power: firstly, prevalent discourses and connected regime norms empower some actors over others; secondly, their ability to debate is conditioned by exclusionary procedures and unequal human resources.

Offering a grounded theory of strategic arguing in trade politics, The Power to Persuade presents a novel analysis of the relationship between arguing and 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.

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Gregory Makoff, "Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring" (Georgetown UP, 2024) Aug 20, 2024

The dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals—from national leaders to those at the International Monetary Fund, from holdout creditors to judges—determine the fate of an entire national economy. A prime example is Argentina’s 2001 default on $100 billion in bonds, which stands out for its messy outcomes and outsized impact on sovereign debt markets, sovereign debt law, and IMF policy.

Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring(Georgetown UP, 2024) is the riveting story of Argentina’s sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina’s 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts. This cautionary tale lays bare the institutional, political, and legal pressures that come into play when a country cannot repay its debts. It offers a deeper understanding of how global financial capitalism functions for those who work in or study debt markets, international finance, international relations, and international law.

Gregory Makoff, PhD, is a senior fellow at the Harvard Kennedy School and a senior fellow at the Centre for International Governance Innovation and an expert on sovereign debt management. A former banker specializing in debt advice, liability management, and derivatives, he has also advised the US Department of the Treasury.

Caleb Zakarin is editor at the New Books Network.

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Matthew Archer, "Unsustainable: Measurement, Reporting, and the Limits of Corporate Sustainability" (NYU Press, 2024) Aug 16, 2024

In recent years, companies have felt the pressure to be transparent about their environmental impact. Large documents containing summaries of yearly emissions rates, carbon output, and utilized resources are shared on companies’ social media pages, websites, and employee briefings in a bid for public confidence in corporate responsibility.

And yet, Matthew Archer argues, these metrics are often just hollow symbols. Unsustainable: Measurement, Reporting, and the Limits of Corporate Sustainability(New York University Press, 2024) contends with the world of big banks and multinational corporations, where sustainability begins and ends with measuring and reporting. Drawing on five years of research among sustainability professionals in the US and Europe, Unsustainable shows how this depoliticizing tendency to frame sustainability as a technical issue enhances and obscures corporate power while doing little, if anything, to address the root causes of the climate crisis and issues of social inequality. Through this obsession with metrics and indicators, the adage that you can’t manage what you can’t measure transforms into a belief that once you’ve measured social and environmental impacts, the market will simply manage them for you.

The book draws on diverse sources of evidence―ethnographic fieldwork among a wide array of sustainability professionals, interviews with private bankers, and apocalyptic science fiction―and features analyses of name-brand companies including Volkswagen, Unilever, and Nestlé. Making the case for the limits of measuring and reporting, Archer seeks to mobilize alternative approaches. Through an intersectional lens incorporating Black and Indigenous theories of knowledge, power and value, he offers a vision of sustainability that aims to be more effective and more socially and ecologically just.

Robin Steiner is an economic anthropologist based in Miami, FL. His published work explores economic development, labor, and citizenship in Oman and the Arab Gulf. He teaches in the Department of Global and Sociocultural Studies at Florida International University. Robin can be reached at rsteiner@fiu.edu.

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Nick Grono, "How to Lead Nonprofits: Turning Purpose into Impact to Change the World" (BenBella Books, 2024) Aug 16, 2024

Non-profit organizations play an indispensable role in the world today, and are consistently rated higher than governments, the media or businesses in term of public trust. Yet many non-profit organizations suffer from dysfunction. New non-profit leaders find themselves unprepared for the challenges ahead, and even seasoned leaders often struggle to ensure their organizations achieve the impact they aim for.

In How to Lead Non-Profits: Turning Purpose into Impact to Change the World(BenBella Books, 2024), Nick Grono, CEO of the Freedom Fund and former Deputy President of the International Crisis Group (ICG), provides a leadership framework that focuses on what truly drives success: maximizing impact by staying true to your organization's purpose, fostering an inclusive culture that inspires and empowers your team, and collaborating with the communities you serve, as well as with funders and peer organizations, to amplify your impact.

There are countless books on organizational management and leadership. But most of them come from the business, for-profit, world, whose solutions do not translate well to the fundamentally different world of NGOs and charities. How to Lead Non-Profits fills that gap.

Featuring insights and examples from nonprofit and charity leaders around the world, and informed by Grono's extensive experience, this book offers practical advice on how to use the power of purpose to shape every aspect of non-profit organizations—both internally and externally—as they work to make a difference in the world.

This is an excellent guide not only for people in leadership positions, but also for anyone who works—or is considering working—in the non-profit sector; wants to start their own non-profit; serves on a non-profit Board or is simply curious about what good leadership in the non-profit sector looks like, regardless of who is in charge.

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Zvi Schreiber, "Money, Going Out of Style: The Story of Money and the Mystery of Its Decline" (2021) Aug 15, 2024

What is money? Why are trillions of dollars, euros, pounds, and yen being printed, but not spent, and what does this reveal about the state of our society?

Money, as we know it, was born in 1971 when currencies unlinked from gold. During its adolescence, money was hyperactive, causing rampant inflation. Three decades of mature growth followed. But as it reaches the age of fifty, money is changing again, and facing a figurative mid-life crisis.

Zvi Schreiber's book Money, Going Out of Style: The Story of Money and the Mystery of Its Decline(2021) first offers the reader a clear understanding of economics and the role of money, by following a fictional island tribe as they develop money and an ever more sophisticated economy. The book never forgets that money is secondary to the real economy of goods, services, and tools.

Armed with this deeper appreciation of money and economics, the book returns to the present day to examine money's midlife crisis: the effect of rising inequality, the puzzle of near-zero interest rates, and how this is causing money to go out of style.

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Tehila Sasson, "The Solidarity Economy: Nonprofits and the Making of Neoliberalism after Empire" (Princeton UP, 2024) Aug 14, 2024

After India gained independence in 1947, Britain reinvented its role in the global economy through nongovernmental aid organisations. Utilising existing imperial networks and colonial bureaucracy, the nonprofit sector sought an ethical capitalism, one that would equalise relationships between British consumers and Third World producers as the age of empire was ending. The Solidarity Economy: Nonprofits and the Making of Neoliberalism after Empire (Princeton University Press, 2024) by Dr. Tehila Sasson examines the role of nonstate actors in the major transformations of the world economy in the postwar era, showing how British NGOs charted a path to neoliberalism in their pursuit of ethical markets.

Between the 1950s and 1990s, nonprofits sought to establish an alternative to Keynesianism through their welfare and development programs. Encouraging the fair trade of commodities and goods through microfinance, consumer boycotts, and corporate social responsibility, these programs emphasised decentralisation, privatisation, and entrepreneurship. Tehila Sasson tells the stories of the activists, economists, politicians, and businessmen who reimagined the marketplace as a workshop for global reform. She reveals how their ideas, though commonly associated with conservative neoliberal policies, were part of a nonprofit-driven endeavour by the liberal left to envision markets as autonomous and humanising spaces, facilitating ethical relationships beyond the impersonal realm of the state.

Drawing on dozens of newly available repositories from nongovernmental, international, national, and business archives, The Solidarity Economy reconstructs the political economy of these markets—from handicrafts and sugar to tea and coffee—shedding critical light on the post imperial origins of neoliberalism.

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.

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Craig Gent, "Cyberboss: The Rise of Algorithmic Management and the New Struggle for Control at Work" (Verso, 2024) Aug 13, 2024

Across the world, algorithms are changing the nature of work. Nowhere is this clearer than in the logistics and distribution sectors, where workers are instructed, tracked and monitored by increasingly dystopian management technologies.

In Cyberboss: The Rise of Algorithmic Management and the New Struggle for Control at Work(Verso, 2024), Craig Gent takes us into workplaces where algorithms rule to excavate the politics behind the newest form of managerial power. Combining worker testimony and original research on companies such as Amazon, Uber, and Deliveroo, the cutting edge of algorithmic management technology, this book reveals the sometimes unexpected effects these new techniques have on work, workers and managers. Gent advances an alternative politics of resistance in the face of digital control.

Louisa Hann attained a PhD in English and American studies from the University of Manchester in 2021, specialising in the political economy of HIV/AIDS theatres.

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Benjamin C. Waterhouse on "One Day I'll Work for Myself: The Dream and Delusion That Conquered America" Aug 12, 2024

Peoples & Things host, Lee Vinsel, talks to Benjamin Waterhouse, full-as-full-can- be Professor of History at University of North Carolina at Chapel Hill, about his book, One Day I’ll Work for Myself: The Dream and Delusion that Conquered America(Norton, 2024). The book examines how the ideal of self-employment became so prominent in the United States after the 1970s, and how the idea has had damaging consequences for many groups, who often are attracted to working for themselves not because it is so great but because they have so few other good options. Vinsel and Waterhouse also roast entrepreneurship, small businesses, and other golden calves. They end by discussing a new collaborative project, a forthcoming podcast on the political, cultural, and economic history of the United States in the 1990s.

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Leslie Ramos, "Philanthropy in the Arts: A Game of Give and Take" (Lund Humphries, 2023) Aug 11, 2024

In an era where the financial stability of many arts organizations is increasingly precarious, arts philanthropy stands at a critical juncture. The recent COVID-19 pandemic of 2020-21 laid bare the vulnerabilities in existing funding structures, highlighting just how fragile these lifelines can be. Coupled with a surge in social initiatives that demand attention and resources, the way the arts are funded is undergoing scrutiny and transformation.

A new wave of philanthropists—individuals with fresh motivations and evolving priorities—has emerged. These next-gen donors continue the legacy of their predecessors, while actively reshaping it, bringing forth new perspectives and expectations. Their influence is profound but necessitates a balance of caution and optimism as the arts sector navigates this changing landscape.

This is where Philanthropy in the Arts: A Game of Give and Take (Lund Humphries, 2023) steps in, offering a sprawling yet incisive exploration of philanthropy in the arts. The book examines the interests and behaviors of donors and recipients, suggesting ways in which their practices can be better intertwined. Through open and wide-ranging discussions, it explores the intricacies of giving and receiving in the arts, shedding light on the unique challenges and opportunities that define this relationship.

For collectors, philanthropists, and patrons, this book is more than just analysis—it’s a handy guide that equips them with the knowledge to navigate the peculiarities of arts philanthropy. For art market and museum professionals, it provides insights into the evolving dynamics of donor relationships, helping them adapt to the rapidly changing environment. Amidst the increasing financial instability of numerous arts organizations, arts philanthropy finds itself at a critical juncture.

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Catherine Boone, "Inequality and Political Cleavage in Africa: Regionalism by Design" (Cambridge UP, 2024) Aug 10, 2024

Inequality and Political Cleavage in Africa: Regionalism by Design (Cambridge University Press, 2024) by Dr. Catherine Boone integrates African countries into broader comparative theories of how spatial inequality shapes political competition over the construction of markets, states, and nations. Existing literature on African countries has found economic cleavages, institutions, and policy choices to be of low salience in national politics. This book inverts these arguments. Dr. Boone trains our analytic focus on the spatial inequalities and territorial institutions that structure national politics in Africa, showing that regional cleavages find expression in both electoral competition and policy struggles over redistribution, sectoral investment, market integration, and state design.

Leveraging comparative politics theory, Dr. Boone argues that African countries' regional and core-periphery tensions are similar to those that have shaped national economic integration in other parts of the world. Bringing together electoral and economic geography, the book offers a new and powerful map of political competition on the African continent.

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.

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Arif Hasan, "The Search for Shelter: Writings on Land and Housing" (Oxford UP, 2022) Aug 10, 2024

The Search for Shelter: Writings on Land and Housing(Oxford UP, 2022) sheds light on the global population living in slums, which has increased from 1 billion in 2014 to 1.6 billion in 2018. The book also looks at the impact of neoliberalism on urban planning, the manner of organization and the struggles of the communities affected by these processes, the cultural and political decision-making processes of the State, and their repercussions on the form and life of the city. In this book, Arif Hasan discusses the conflicts between ground realities, academic theory, governmental policies, and international interventions in the shelter sector. With the help of individual case studies, he goes into depths of the various issues faced, and in certain instances also gives recommendations to improve upon the situation.

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Daniel Kahneman’s Forgotten Legacy: Investigating Exxon-Funded Psychological Research Aug 09, 2024

After the unprecedented Exxon Valdez oil spill, a jury of ordinary Alaskans decided that Exxon had to be punished. However, Exxon fought back against their punishment. They did so, in-part, by supporting research that suggested jurors are irrational. This work came from an esteemed group of psychologists, behavioural economists, and legal theorists–including Daniel Kahneman, and Cass Sunstein.

In this three-part series in partnership with Canada’s National Observer, Cited Podcast investigates the forgotten legacy of the Exxon Valdez oil spill and the research that followed. This first part, an Alaskan Nightmare, covers the spill and its immediate effects. Subsequent episodes will run weekly. Subscribe today to ensure you do not miss part #2, 12 Angry Alaskans, and part #3, Damaging Rationality.

This is episode five of Cited Podcast’s returning season, the Rationality Wars. This season tells stories of political and scholarly battles to define rationality and irrationality. For a full list of credits, and for the rest of the episodes, visit the series page.

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Claudia Strauss, "What Work Means: Beyond the Puritan Work Ethic" (ILR Press, 2024) Aug 09, 2024

What Work Means: Beyond the Puritan Work Ethic (ILR Press, 2024) goes beyond the stereotypes and captures the diverse ways Americans view work as a part of a good life.

Dispelling the notion of Americans as mere workaholics, Claudia Strauss presents a more nuanced perspective. While some live to work, others prefer a diligent 9-to-5 work ethic that is conscientious but preserves time for other interests. Her participants often enjoyed their jobs without making work the focus of their life. These findings challenge laborist views of waged work as central to a good life as well as post-work theories that treat work solely as exploitative and soul-crushing.

Drawing upon the evocative stories of unemployed Americans from a wide range of occupations, from day laborers to corporate managers, both immigrant and native-born, Strauss explores how diverse Americans think about the place of work in a good life, gendered meanings of breadwinning, accepting financial support from family, friends, and the state, and what the ever-elusive American dream means to them. By considering how post-Fordist unemployment experiences diverge from joblessness earlier, What Work Means paves the way for a historically and culturally informed discussion of work meanings in a future of teleworking, greater automation, and increasing nonstandard employment.

Claudia Strauss is Professor of Anthropology at Pitzer College. She is the author of A Cognitive Theory of Cultural Meaning with Naomi Quinn and co-editor of Human Motives and Cognitive Models.

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Paul Volcker: “The only number that works is zero” Aug 09, 2024

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.

In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.

In the fourth and final episode of this series, he talks to William Silber – author of Volcker: The Triumph of Persistence (Bloomsbury, 2012). A giant (literally) of 20th-century policymaking, Volcker chaired the Fed from 1979 to 1987, implementing monetarist shock therapy, driving up the fed funds rate from 11% to 20% to crush inflation expectations, and pulling inflation down from nearly 15% in early 1980 to below 3% three years later.

“For Volcker, the most important denigrating fact of inflation was … that it undermines trust in government,” says Silber. “When we give the government the right to print money … we trust that the government will not debase the currency … When you think about inflation in that context, there is no number – two, four, six. Any number is bad. The only number that works is zero .. If you asked Volcker – and I asked him – what's the right number, he said zero”.

From 1990 until his retirement in 2019, Bill Silber was professor of economics at the Stern School of Business, New York University. His award-winning book is built on more than 100 hours of interviews with Volcker. The author of seven other books, Silber’s latest – The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business – will be published in paperback in September 2024.

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Neoliberalism and the University, Part 2 Aug 09, 2024

This is the Global Media & Communication podcast series. This podcast is a multimodal project powered by the Center for Advanced Research in Global Communication (CARGC) at the Annenberg School for Communication at the University of Pennsylvania. At CARGC, we produce and promote critical, interdisciplinary, and multimodal research on global media and communication. We aim to bridge academic scholarship and public life, bringing the best scholarship to bear on enduring global questions and pressing contemporary issues.

Today, our hosts, Anjali DasSarma and Sim Gill, present the second episode in a two-part series on neoliberalism and the state of the university as a deeply powerful structure, along with two incredible scholars: Professor Natalie Fenton and Professor Alison Hearn.

In this episode, we delve into the intricate mechanisms of capitalism, unpacking how metrics, the pressure to "publish or perish," and intellectual extraction shape the academic landscape. From the commodification of knowledge to the erosion of job security, we'll shine a light on some of the systemic forces at play in higher education. We also unpack the rhetoric surrounding Elon Musk and his impact on the age of artificial intelligence, to consider how AI tools like ChatGPT are shifting debates about teaching and student evaluation methods.

Amidst these challenges, we'll also uncover the power of the ideological project of hope. Join us as we engage in a thought-provoking discussion on information, communication, and knowledge production.

In this episode you will hear about:

AI and job security
How metrics, “publishing or perishing,” and intellectual extraction function under capitalism
What the ideological project of hope offers us
Community organizing, resistance, and learning

Guest Biographies:

Natalie Fenton: Natalie is a Professor of Media and Communications at Goldsmiths University.

Alison Hearn: Alison is a professor in the Department of Information and Media Studies at the University of Western Ontario.

Host Biographies:

Anjali DasSarma: Anjali DasSarma is a doctoral student at the Annenberg School for Communication at the University of Pennsylvania.

Sim Gill: Sim Gill is a doctoral student at the Annenberg School for Communication at the University of Pennsylvania and a research fellow at the Center for Advanced Research in Global Communication (CARGC) and the Center on Digital Culture and Society.

Credits

Interview by: Anjali DasSarma and Sim Gill Produced by: Eszter Zimanyi
Edited by: Anjali DasSarma and Matt Parker
Sound Mixing by: Matt Parker
Music by: Zoe Zhao Blog post written by: Anjali DasSarma and Sim Gill

Keywords: neoliberalism, higher education, artificial intelligence, community organizing

This episode was recorded on November 15th, 2023 at the Annenberg School for Communication, University of Pennsylvania.

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Jacob Soll, "Free Market: The History of an Idea" (Basic Books, 2022) Aug 08, 2024

After two government bailouts of the American economy in less than twenty years, free market thought is due for serious reappraisal. Free Market: The History of an Idea (Basic Books, 2022) shows how the idea became so powerful, why it succeeded, and why it has failed so spectacularly. In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the face of the collapse of the Soviet Union, it was supposed to be a story of the success of free markets. However, in the past thirty years, that number has dropped by half, and Asia has emerged as a major motor of world economic growth. Today, state-run China is the second biggest economy on earth, and tiny Singapore, with its state-owned companies, has become a new model of wealth creation. In other words, Milton Friedman's free market dogma, that only private companies can create wealth and that states hamper it, has not proved very clearly to be untrue.

This book shows how we got to the current crisis of free market thought, and suggests how we can find our way out. Contrary to popular free market narratives, early market theorists believed that states had an important role in building and maintaining free markets. But in the eighteenth century, some free-market thinkers began insisting only pure free markets, without state intervention, could work. A tradition of free-market ideological brittleness emerged, and it has led orthodox free market economics to some spectacular failures. It is a paradox that an economic theory rooted in the idea of competition, adaptation and evolution, has refused to follow its own precepts. This book shows that we need to go back to the origins of free market thought in order to understand its dynamism, as well as its inherent weaknesses, and to develop new economic concepts to face the staggering challenges of the twenty-first century.

Jacob Soll is an American university professor and professor of philosophy, history and accounting at the University of Southern California. Soll's work examines the mechanics of politics, statecraft and economics by dissecting the various elements of how modern states and political systems succeed and fail.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

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Arthur Burns: “The smartest guy in the room” Aug 08, 2024

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.

In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.

In this third episode, he talks to Wyatt Wells – author of Economist in an Uncertain World – Arthur F. Burns and The Federal Reserve, 1970–1978 (Columbia University Press, 1994). Burns has had a bad press - so bad that Chris Hughes, one of Facebook's founders, was moved to rehabilitate him. Leading the Fed from 1970 to 1978 when inflation averaged 9%, Burns was an accomplished business-cycle economist but also a politically partisan Chair intensely loyal to Richard Nixon and Gerald Ford. Going far beyond his remit as a central banker, Burns oversaw government efforts to control prices and wages as an alternative to monetary policy.

“If you couple an incomes policy with a tight fiscal and monetary policy, it can work. The problem is that it often becomes an excuse for not doing that,” says Wells. “Burns found himself trapped in this position where he felt he couldn't raise interest rates without wrecking the controls programme and possibly his own career – his own position at the Fed. It's clear in ‘73, he knows interest rates need to go up. They're trying to raise them but he's got these political concessions and he's doing this sort of dance, trying to square the circle … And of course: ‘I'm the smartest guy in the room. Therefore, I should play a key role in this effort to balance everything’. I think there are very few Federal Reserve chairmen who have elbowed their way into other areas in the way that Burns did. Maybe none”.

An economic historian, Wyatt Wells has been Professor of History at Auburn University, Montgomery, since 1997.

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Bill Martin: “Truman looked at him and said: ‘Traitor’” Aug 07, 2024

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.

In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.

In this second episode, he interviews Robert Bremner – author of Chairman of the Fed: William McChesney Martin Jr. and the Creation of the Modern American Financial System (Yale University Press, 2004). Bill Martin still holds the record for the longest chairmanship at the Fed – holding the office from 1951 to 1970. A Democrat, he was first nominated by President Harry Truman and reappointed (more or less willingly) by Eisenhower, Kennedy, Johnson, and Nixon. He dismantled government wartime controls over interest rates, battled to save the postwar currency-management regime, democratised the Fed, and fought successive presidents to keep its independence.

These conflicts started early, says Bremner. “Martin told this story about walking down Wall Street and passing the president going the other way and Martin said: ‘Good morning, Mr. President, great to see you’. And Truman looked at him and said: ‘Traitor’. Basically Truman wanted to continue low interest

rates certainly until he left office and for as long as possible”.

After a career in finance at the World Bank and in the mutual-fund industry, Bob Bremner is now a director of the Westminster Ingleside Foundation.

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Marriner Eccles: Reform “may not have happened in 1935 if Eccles hadn't been there” Aug 06, 2024

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.

In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.

In this first episode, he interviews Mark Nelson - author of Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940 (University of Utah Press, 2017). Eccles chaired the Fed from 1934 to 1948, turned it into a Washington power centre, and centralised policymaking with the Board of Governors.

The US might have been better served if Eccles and his nemesis Henry Morgenthau, the Treasury Secretary from 1934-1945, had swapped roles, says Nelson. "That's true except for the fact that Eccles did do something very important at the Fed and that is the Banking Act of 1935, which really changed the Fed in an enormously important way and Morgenthau would not have done that ... I think it would have happened at some point. You could make the argument, though, that it may not have happened in 1935 if Eccles hadn't been there because Eccles took the job at the Fed on the understanding that these changes would be made”.

An actor-turned-historian, Mark Nelson was educated at Pepperdine University and Claremont Graduate University and today teaches at Greenville Technical College, South Carolina. His next book will be Race and Recovery: James F. Byrnes and the New Deal.

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Katherine Hempstead, "Uncovered: The Story of Insurance in America" (Oxford UP, 2023) Aug 05, 2024

Historically, the insurance industry in America has been fragmented. As a result, there have been debates and conflicts over the proper roles of federal and state governments, business, and the responsibilities of individuals. Who should cover the risks of loss? And to what extent should risk be shared and by whom?

In Uncovered: The Story of Insurance in America (Oxford UP, 2023), Katherine Hempstead answers these questions by exploring the history of the insurance business and its regulation in the United States from the 1870s through the twentieth century. Specifically, she focuses on the friction between the public demand for insurance and the private imperatives of insurers. Tracing the history of the industry from the early days of life, fire, and casualty insurance to the development of state regulation in the late nineteenth century, Hempstead examines the role that insurers initially played in the largely voluntary social safety net and how this changed over time. After the Great Depression, the federal government assumed a greater role in the provision of insurance, while insurers enthusiastically pursued the growing business of employee benefits. As the twentieth century progressed, insurers and government have become interdependent, with insurers participating in publicly funded markets. As Hempstead shows, periodic crises in life, fire, health, auto, and liability insurance highlighted gaps between the coverage that insurers were willing to provide and what the public demanded.

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Bernard E. Harcourt. "Cooperation: A Political, Economic, and Social Theory" (Columbia UP, 2023) Jul 31, 2024

Liberal democracy is in crisis around the world, unable to address pressing problems such as climate change. There is, however, another path—cooperation democracy. From consumer co-ops to credit unions, worker cooperatives to insurance mutuals, nonprofits to mutual aid, countless examples prove that people working together can extend the ideals of participatory democracy and sustainability into every aspect of their lives. These forms of cooperation do not depend on electoral politics. Instead, they harness the longstanding practices and values of cooperatives: self-determination, democratic participation, equity, solidarity, and respect for the environment.

Bernard E. Harcourt develops a transformative theory and practice that builds on worldwide models of successful cooperation. He identifies the most promising forms of cooperative initiatives and then distills their lessons into an integrated framework: Coöperism. This is a political theory grounded on recognition of our interdependence. It is an economic theory that can ensure equitable distribution of wealth. Finally, it is a social theory that replaces the punishment paradigm with a cooperation paradigm.

A creative work of normative critical theory, Cooperation: A Political, Economic, and Social Theory(Columbia UP, 2023) provides a positive vision for addressing our most urgent challenges today. Harcourt shows that by drawing on the core values of cooperation and the power of people working together, a new world of cooperation democracy is within our grasp.

Bernard E. Harcourt is the Isidor and Seville Sulzbacher Professor of Law and professor of political science at Columbia University and a chaired professor at the École des Hautes Études en Sciences Sociales in Paris. An editor of Michel Foucault’s work in French and English, Harcourt is the author of several books, including Critique and Praxis (Columbia, 2020). He is a social-justice litigator and the recipient of the 2019 Norman Redlich Capital Defense Distinguished Service Award from the New York City Bar Association for his longtime representation of death row prisoners.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

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Jan Eeckhout, "The Profit Paradox: How Thriving Firms Threaten the Future of Work" (Princeton UP, 2021) Jul 29, 2024

It is a truth universally acknowledged that as a society we want successful, profitable companies because, as Jan Eeckhout says in The Profit Paradox: How Thriving Firms Threaten the Future of Work(Princeton UP, 2021), “we tend to accept that when firms do well, the economy does well”, even when that's not true.

The rising tide, in some cases, does not lift all boats. Even when a few strong players have outsized gains, the rest of the market can suffer. These trends have a ripple effect over time that effectively separate economic winners, who keep an increasingly large share of benefits, from economic losers who struggle to compete, let alone maintain the standard of living achieved by their parents.

In this book, Jan Eeckhout documents how a small number of large firms have been able to gain tremendous market power through a variety of mechanisms such as price manipulation, outsourcing, and leveraging new technical innovations. None of these are inherently wrong, but when used by powerful companies to reduce or eliminate potential competition, they lead to inefficient markets that weaken society.

It is a case of excessive success, as companies narrowly focus on defending and increasing their profits without significant consideration for the externalities or unintended consequences of these market failures.

Eeckhout presents an optimistic outlook of how we can retain the extensive advantages of economic growth while reversing some of these more dangerous trends. His recommendations for the future include leveraging what we've learned from prior generations who faced similar challenges, and building on the incredible technical innovations that have characterized the last few decades, including recent breakthroughs in artificial intelligence.

Recommended reading: The Wisdom of Crowds by James Surowiecki.

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Lucia Hulsether, "Capitalist Humanitarianism" (Duke UP, 2023) Jul 21, 2024

The struggle against neoliberal order has gained momentum over the last five decades – to the point that economic elites have not only adapted to the Left's critiques but incorporated them for capitalist expansion. Venture funds expose their ties to slavery and pledge to invest in racial equity. Banks pitch microloans as a path to indigenous self-determination. Fair-trade brands narrate consumption as an act of feminist solidarity with women artisans in the global South.

In Capitalist Humanitarianism (Duke UP, 2023), Lucia Hulsether examines these projects and the contexts of their emergence. Blending historical and ethnographic styles, and traversing intimate and global scales, Hulsether tracks how neoliberal self-critique creates new institutional hegemonies that, in turn, reproduce racial and neocolonial dispossession. From the archives of Christian fair traders to luxury social entrepreneurship conferences, from US finance offices to Guatemalan towns flooded with their loan products, from service economy desperation to the internal contradictions of social movements, Hulsether argues that capitalist humanitarian projects are fueled as much by a profit motive as by a hope that racial capitalism can redeem the losses that accumulate in its wake.

Lucia Hulsether is Assistant Professor of Religious Studies at Skidmore College.

This episode’s host, Jacob Barrett, is currently a PhD student in the Department of Religious Studies at the University of North Carolina at Chapel Hill in the Religion and Culture track. For more information, visit his website thereluctantamericanist.com

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Matt Stoller, "Goliath: The 100-Year War Between Monopoly Power and Democracy" (Simon & Schuster, 2020) Jul 20, 2024

In Goliath: The 100-Year War Between Monopoly Power and Democracy (Simon & Schuster, 2019), Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today's bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment.

The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller's study will only grow more relevant as time passes. "An engaging call to arms," (Kirkus Reviews) Stoller illustrates here in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.

Matt Stoller is the Director of Research at the American Economic Liberties Project.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Hamilton Nolan, "The Hammer: Power, Inequality, and the Struggle for the Soul of Labor" (Hachette Books, 2024) Jul 19, 2024

Inequality is America's biggest problem. Unions are the single strongest tool that working people have to fix it. Organized labor has been in decline for decades. Yet it sits today at a moment of enormous opportunity. In the wake of the pandemic, a highly visible wave of strikes and new organizing campaigns have driven the popularity of unions to historic highs. The simmering battle inside of the labor movement over how to tap into its revolutionary potential--or allow it to be squandered--will determine the economic and social course of American life for years to come.

In chapters that span the country, Nolan shows readers the actual places where labor and politics meld. He highlights how organized labor can and does wield power effectively: a union that dominates Las Vegas and is trying to scale nationally; a successful decades-long campaign to organize California's child care workers; the human face of a surprising strike of factory workers trying to preserve their pathway to the middle class. Throughout, Nolan follows Sara Nelson, the fiery and charismatic head of the flight attendants' union, as she struggles with how (and whether) to assert herself as a national leader, to try to fix what is broken. The Hammer: Power, Inequality, and the Struggle for the Soul of Labor (Hachette Books, 2024) draws the line from forgotten workplaces in rural West Virginia to Washington's halls of power, and shows how labor solidarity can utterly transform American politics--if it can first transform itself.

A labor journalist for more than a decade, Nolan helped unionize his own industry. The Hammer is a urgent on-the-ground excavation of the past, present, and future of the American labor movement.

Hamilton Nolan is a labor journalist who writes regularly for In These Times magazine and The Guardian. He has written about labor, politics, and class war for The New York Times, the Washington Post, Gawker, Splinter, and other publications. He was the longest-serving writer in Gawker’s history, and was a leader in unionizing Gawker Media in 2015. Hamilton is a proud member of the Writers Guild of America, East.

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David J. Hand, "Dark Data: Why What You Don't Know Matters" (Princeton UP, 2020) Jul 08, 2024

There is no shortage of books on the growing impact of data collection and analysis on our societies, our cultures, and our everyday lives. David Hand's new book Dark Data: Why What You Don't Know Matters (Princeton University Press, 2020) is unique in this genre for its focus on those data that aren't collected or don't get analyzed. More than an introduction to missingness and how to account for it, this book proposes that the whole of data analysis can benefit from a "dark data" perspective—that is, careful consideration of not only what is seen but what is unseen. David assembles wide-ranging examples, from the histories of science and finance to his own research and consultancy, to show how this perspective can shed new light on concepts as classical as random sampling and survey design and as cutting-edge as machine learning and the measurement of honesty. I expect the book to inspire the same enjoyment and reflection in general readers as it is sure to in statisticians and other data analysts.

Suggested companion work: Caroline Criado Perez, Invisible Women: Data Bias in a World Designed for Men.

Cory Brunson (he/him) is a Research Assistant Professor at the Laboratory for Systems Medicine at the University of Florida.

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Daniel Susskind, "Growth: A History and a Reckoning" (Harvard UP, 2024) Jul 03, 2024

Daniel Susskind examines the brief and powerful history of economic growth and puts it into perspective with human prosperity in Growth: A History and a Reckoning (Harvard UP, 2024).

Susskind acknowledges the tremendous benefits of economic growth, which he credits with freeing billions of people from poverty and allowing us to live longer and healthier lives. He also recognizes the real and substantial costs of our relentless pursuit of growth at the expense of other considerations and moral challenges.

Responding to the degrowth movement, Susskind counters the assumption that simply reducing growth will lead to better outcomes.

In particular, Susskind points out that our key measure of growth, GDP, is one imperfect metric that is neither intended nor effective as a proxy for well-being. He recommends a more balanced "dashboard" approach that includes GDP along with other success measures.

Reducing our myopic focus on GDP does not mean less growth. Susskind presents an alternate approach, arguing that we should continue to pursue growth through the creative application of new ideas that allow us to use our finite natural resources more effectively and efficiently.

Ideas, he points out, are not a scarce asset but an infinite one; by shifting to focus on new ways of thinking and working Susskind shows how we can continue to pursue the benefits of growth while mitigating the high costs.

Book referenced:

GDP: A Brief but Affectionate History by Diane Coyle

Recommended read:

Slaughter Among Neighbors: The Political Origins of Communal Violence(Human Rights Watch, 1995)

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Chrystin Ondersma, "Dignity Not Debt: An Abolitionist Approach to Economic Justice" (U California Press, 2024) Feb 03, 2024

American households have a debt problem. The problem is not, as often claimed, that Americans recklessly take on too much debt. The problem is that US debt policies have no basis in reality. Weaving together the histories and trends of US debt policy with her own family story, Chrystin Ondersma debunks the myths that have long governed debt policy, like the belief that debt leads to prosperity or the claim that bad debt is the result of bad choices, both of which nest in the overarching myth of a free market unhindered by government interference and accessible to all.

In Dignity Not Debt: An Abolitionist Approach to Economic Justice(U California Press, 2024), Ondersma offers a compelling, flexible, and reality-based taxonomy rooted in the internationally recognized principle of human dignity. Ondersma's new categories of debt--grounded in abolitionist principles--revolutionize how policymakers are able to think about debt, which will in turn revolutionize the American debt landscape itself.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Larry Summers (Harvard Economics Professor) on His Career In Academic Economics, Government, University Leadership and Corporate America Feb 02, 2024

Larry Summers, Harvard economics professor and 71st US Secretary of the Treasury, joins the podcast for an in-depth discussion of his career at the highest levels of academic economics, economic policy, university leadership, and corporate America.

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.

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Lisa Herzog, "Citizen Knowledge: Markets, Experts, and the Infrastructure of Democracy" (Oxford UP, 2023) Feb 01, 2024

For better or worse, democracy and epistemology are intertwined. For one thing, politics is partly a matter of gathering, assessing, and applying information. And this can be done responsibly or incompetently. At least since Plato, a leading critique of democracy has focused on the ignorance of ordinary citizens. Historically, this kind of critique has supplied the basis for several nondemocratic proposals. Yet it has also worked in the background of a range of views within democratic theory. Among these are views that have relied on markets as mechanisms for sharing and distributing information.

But there are hazards to market-based thinking about democracy. In Citizen Knowledge: Markets, Experts, and the Infrastructure of Democracy (Oxford UP, 2023), Lisa Herzog explores three conceptually distinct sites where democracy interfaces with epistemology: markets, expert communities, and public deliberation. The result is an integrated political epistemology for democracy.

Robert Talisse is the W. Alton Jones Professor of Philosophy at Vanderbilt University.

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Erin R. Graham, "Transforming International Institutions: How Money Quietly Sidelined Multilateralism at the United Nations" (Oxford UP, 2023) Jan 30, 2024

Drawing on historical institutionalism and interpretive tools of international law, Transforming International Institutions: How Money Quietly Sidelined Multilateralism at The United Nations (Oxford University Press, 2023) Dr. Erin Graham provides a novel theory of uncoordinated change over time. The book illuminates how a slow, quiet, subterranean process can produce big, radical change in international institutions and organisations. It highlights how early participants in a process who do not foresee the transformative potential of their acts, but nonetheless enable subsequent actors to push change in new directions to profound effect.

Dr. Graham deploys this to explain how changes in UN funding rules in the 1940s and 1960s—perceived as small and made to solve immediate political disagreements—ultimately sidelined multilateral governance at the United Nations in the twenty-first century. The perception of funding rules as marginal to fundamental principles of governance, and the friendly orientation of change-initiators toward the UN, enabled this quiet transformation.

Challenging the UN's reputation for rigidity and its status as a bastion of egalitarian multilateralism, Transforming International Institutions demonstrates that the UN system is susceptible to subtle change processes and that its egalitarian multilateralism governs only a fraction of the UN's operational work.

This interview was conducted by Dr. Miranda Melcher whose forthcoming 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.

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Rachel Nolan, "Until I Find You: Disappeared Children and Coercive Adoptions in Guatemala" (Harvard UP, 2024) Jan 28, 2024

The poignant saga of Guatemala's adoption industry: an international marketplace for children, built on a foundation of inequality, war, and Indigenous dispossession. In 2009 Dolores Preat went to a small Maya town in Guatemala to find her birth mother. At the address retrieved from her adoption file, she was told that her supposed mother, one Rosario Colop Chim, never gave up a child for adoption--but in 1986 a girl across the street was abducted. At that house, Preat met a woman who strongly resembled her. Colop Chim, it turned out, was not Preat's mother at all, but a jaladora--a baby broker. Some 40,000 children, many Indigenous, were kidnapped or otherwise coercively parted from families scarred by Guatemala's civil war or made desperate by unrelenting poverty. Amid the US-backed army's genocide against Indigenous Maya, children were wrested from their villages and put up for adoption illegally, mostly in the United States.

During the war's second decade, adoption was privatized, overseen by lawyers who made good money matching children to overseas families. Private adoptions skyrocketed to the point where tiny Guatemala overtook giants like China and Russia as a "sender" state. Drawing on government archives, oral histories, and a rare cache of adoption files opened briefly for war crimes investigations, Rachel Nolan explores the human toll of an international industry that thrives on exploitation. Would-be parents in rich countries have fostered a commercial market for children from poor countries, with Guatemala becoming the most extreme case. Until I Find You: Disappeared Children and Coercive Adoptions in Guatemala(Harvard UP, 2024) reckons with the hard truths of a practice that builds loving families in the Global North out of economic exploitation, endemic violence, and dislocation in the Global South.

Rachel Nolan is Contributing Editor at Harper’s Magazine and has written for the New Yorker, the London Review of Books, the New York Times, the New York Review of Books, and the Salvadoran investigative news outlet El Faro. She is Assistant Professor of International Relations at Boston University.

Katie Coldiron is the Outreach Program Manager for the Digital Library of the Caribbean (dLOC) and PhD student in History at Florida International University.

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Gregor Gall, "Mick Lynch: The Making of a Working-Class Hero " (Manchester UP, 2024) Jan 27, 2024

In the summer of 2022, the little-known leader of a small union became a ‘working-class hero’. Facing down media pundits who thought they could walk all over him, he offered a robust critique of the government and provided workers with an authentic voice. At a time when the Labour Party was unable to articulate a credible alternative to the Tories, Mick Lynch spoke for the working class.

Where did Lynch come from? How did he develop the skills and traits that make him such an effective spokesperson and leader? Gregor Gall's biography Mick Lynch: The Making of a Working-Class Hero (Manchester UP, 2024) explores his family and social background and his rise to the top of the RMT union, which culminated in election as General Secretary in 2021. Considering his persona and politics, this book asks what quality singles out Lynch as a working-class hero compared to other union leaders and, more broadly, what leadership means for working people and for the left.

If we want better leaders at every level, the case of Mick Lynch holds the key.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

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Bruce Wardhaugh, "Competition Law in Crisis: The Antitrust Response to Economic Shocks" (Cambridge UP, 2022) Jan 26, 2024

In recent years, government agencies around the world have been forced to consider the role of competition law and policy in addressing various crises, including the COVID-19 pandemic and the 2008 financial collapse. There is no easy formula that a competition agency can apply to determine the appropriate response to a crisis; indeed, there is substantial debate about the issue. One common criticism of competition law and policy is that usually it is too inflexible to deal with a crisis, prohibiting an adequate response to economic and industrial shocks.

Bruce Wardhaugh's Competition Law in Crisis: The Antitrust Response to Economic Shocks (Cambridge UP, 2022) challenges this notion by examining competition responses to crises past and present. With an analysis that spans the response of UK and EU competition authorities to the economic and commercial fallout of the 2008 financial crisis, the COVID-19 pandemic, and potential responses to the climate crisis, Professor Wardhaugh argues that relaxing competition law is precisely the wrong response. The rigidity of competition rules in the UK and EU has both normative and positive implications for not just the methodology used in competition analysis, but also the role of competition law within the legal order of both jurisdictions.

Mark Niefer is a lawyer and economist who has served the Antitrust Division of the U.S. Department of Justice in a variety of key roles over the last 25+ years. He presently is an International Advisor at the Antitrust Division, focused on digital market issues; he also is an Adjunct Professor of Law at Antonin Scalia Law School - George Mason University, where he teaches an advanced antitrust seminar on mergers.

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Loka Ashwood et al., "Empty Fields, Empty Promises: A State-By-State Guide to Understanding and Transforming the Right to Farm" (UNC Press, 2023) Jan 24, 2024

Since the late 1970s, Right to Farm Laws have been adopted by states across the US to limit nuisance lawsuits against farmers engaged in standard agricultural practices. But who really benefits from Right to Farm Laws? And what can be done to promote real agricultural, rural, and environmental justice? Empty Fields, Empty Promises: A State-By-State Guide to Understanding and Transforming the Right to Farm(UNC Press, 2023) offers valuable history and incisive commentary on these questions.

Since their adoption, there has yet to be a comprehensive analysis of what Right to Farm laws do and who they benefit. This book offers the first national analysis and guide to these laws. It reveals that they generally benefit the largest operators, like processing plants, while traditional farmers benefit the least. Disfavored most of all are those seeking to defend their homes and environment against multinational corporations that use right-to-farm laws to strip neighboring owners of their property rights. Through what the book calls the "midburden," right-to-farm laws dispossess the many in favor of the few, paving the path to rural poverty.

Empty Fields, Empty Promises summarizes every state's right-to-farm laws to help readers track and navigate their local and regional legal landscape. The book concludes by offering paths forward for a more distributed and democratic agrifood system that achieves agricultural, rural, and environmental justice.

The book is available for purchase or for FREE as an Open Access eBook from the University of North Carolina Press.

Loka Ashwood is associate professor of sociology at the University of Kentucky. Her work develops action-centered methodologies that help frontline communities overcome environmental injustices and strengthen democracy. She is the author of For-Profit Democracy: Why the Government Is Losing the Trust of Rural America (2018) and co-author of An Invitation to Environmental Sociology (6th Edition, 2020).
Aimee Imlay is assistant professor of sociology at Mississippi State University.
Lindsay Kuehn is a public defender in Ramsey County, Minnesota, and a staff attorney with the Farmers' Legal Action Group.
Allen Franco is an assistant federal public defender for the districts of Massachusetts, New Hampshire, and Rhode Island.
Danielle Diamond is a visiting fellow at the Brooks McCormick Jr. Animal Law and Policy Program at Harvard Law School.

Garrett Broad is Associate Professor of Communication Studies in Rowan University’s Edelman College of Communication & Creative Arts, where he also serves as Provost’s Fellow in the Catalysts for Sustainability Initiative. His research and teaching explore the connections between contemporary social movements, food systems, and digital media technology. He is the author of More Than Just Food: Food Justice and Community Change, as well as a variety of articles on food's relationship to environmental sustainability, economic equity, and the health of humans and nonhuman animals.

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Jared D. Margulies, "The Cactus Hunters: Desire and Extinction in the Illicit Succulent Trade" (U Minnesota Press, 2023) Jan 24, 2024

Cacti and succulents are phenomenally popular worldwide among plant enthusiasts, despite being among the world's most threatened species. The fervor driving the illegal trade in succulents might also be driving some species to extinction. Delving into the strange world of succulent collecting, Jared D. Margulies' book The Cactus Hunters: Desire and Extinction in the Illicit Succulent Trade (U Minnesota Press, 2023) takes us to the heart of this conundrum: the mystery of how and why ardent lovers of these plants engage in their illicit trade. This is a world of alluring desires, where collectors and conservationists alike are animated by passions that at times exceed the limits of law. What inspires the desire for a plant? What kind of satisfaction does it promise?

The answer, Margulies suspects, might be traced through the roots and workings of the illegal succulent trade--an exploration that traverses the fields of botany and criminology, political ecology and human geography, and psychoanalysis. His globe-spanning inquiry leads Margulies from a spectacular series of succulent heists on a small island off the coast of Mexico to California law enforcement agents infiltrating a smuggling ring in South Korea, from scientists racing to discover new and rare species before poachers find them to a notorious Czech "cacto-explorer" who helped turn a landlocked European country into the epicenter of the illegal succulent trade. A heady blend of international intrigue, social theory, botanical lore, and ecological study, The Cactus Hunters offers complex insight into species extinction, conservation, and more-than-human care.

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Daniel Peris, "The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market" (Routledge, 2024) Jan 23, 2024

We are on the verge of a major paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades in the U.S.; once the dominant investment style, it is now a boutique approach. That is about to change.

Daniel Peris' book The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market (Routledge, 2024) explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements. It details why the exceptional forces behind that shift―notably the 40-year drop in interest rates and the rise of buybacks―are now substantially exhausted. As a result, the U.S. market is poised for a return to the more typical business-like relationships observed in the private sector and in other mature markets around the world. While many market participants have profited from and become used to the way things have been in recent decades, savvy individual investors, financial advisors, and even institutional portfolio managers will want to position themselves to benefit from the reversion to cash-based investment relationships in the years ahead.

This is a must-read book for financial advisors, institutional consultants, as well as engaged individual investors.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His "History and Investing" blog and "Keep Calm & Carry On Investing" podcast are here.

John Emrich has worked for decades in corporate finance, investment management, and corporate strategy. He is an independent director on 9 mutual fund boards. Mr. Emrich has a podcast about the investment advisory industry called Kick the Dogma. Email: john@ktdpod.com. LinkedIn.

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Cornelia Woll, "Corporate Crime and Punishment: The Politics of Negotiated Justice in Global Markets" (Princeton UP, 2023) Jan 23, 2024

Over the past decade, many of the world’s biggest companies have found themselves embroiled in legal disputes over corruption, fraud, environmental damage, tax evasion, or sanction violations. Corporations including Volkswagen, BP, and Credit Suisse have paid record-breaking fines. Many critics of globalisation and corporate impunity cheer this turn toward accountability. Others, however, question American dominance in legal battles that seem to impose domestic legal norms beyond national boundaries.

In Corporate Crime and Punishment: The Politics of Negotiated Justice in Global Markets (Princeton University Press, 2023), Dr. Cornelia Woll examines the politics of American corporate criminal law’s extraterritorial reach. As governments abroad seek to respond to US law enforcement actions against their companies, they turn to flexible legal instruments that allow prosecutors to settle a case rather than bring it to court. With her analysis of the international and domestic politics of law enforcement targeting big business, Woll traces the rise of what she calls “negotiated corporate justice” in global markets.

Woll charts the path to this shift through case studies of geopolitical tensions and accusations of “economic lawfare,” pitting the United States against the European Union, China, and Japan. She then examines the reactions to the new legal landscape, describing institutional changes in the common law countries of the United Kingdom and Canada and the civil law countries of France, Brazil, and Germany. Through an insightful interdisciplinary analysis of how the prosecution of corporate crime has evolved in the twenty-first century, Dr. Woll demonstrates the profound transformation of the relationship between states and private actors in world markets, showing that law is part of economic statecraft in the connected global economy.

This interview was conducted by Dr. Miranda Melcher whose forthcoming 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.

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Ofer Sharone, "The Stigma Trap: College-Educated, Experienced, and Long-Term Unemployed" (Oxford UP, 2024) Jan 22, 2024

An eye-opening look at how all American workers, even the highly educated and experienced, are vulnerable to the stigma of unemployment.

After receiving a PhD in mathematics from MIT, Larry spent three decades working at prestigious companies in the tech industry. Initially he was not worried when he lost his job as part of a large layoff, but the prolonged unemployment that followed decimated his finances and nearly ended his marriage. Larry's story is not an anomaly. The majority of American workers experience unemployment, and millions get trapped in devastating long-term unemployment, including experienced workers with advanced degrees from top universities. How is it possible for even highly successful careers to suddenly go off the rails?

In The Stigma Trap: College-Educated, Experienced, and Long-Term Unemployed(Oxford UP, 2024), Ofer Sharone explains how the stigma of unemployment can render past educational and professional achievements irrelevant, and how it leaves all American workers vulnerable to becoming trapped in unemployment. Drawing on interviews with unemployed workers, job recruiters, and career coaches, Sharone brings to light the subtle ways that stigmatization prevents even the most educated and experienced workers from gaining middle-class jobs. Stigma also means that an American worker risks more than financial calamity from a protracted period of unemployment. One's closest relationships and sense of self are also on the line.

Eye-opening and clearly written, The Stigma Trap is essential reading for anyone who has experienced unemployment, has a family member or friend who is unemployed, or who wants to understand the forces that underlie the anxiety-filled lives of contemporary American workers. The book offers a unique approach to supporting unemployed jobseekers. At a broader level it exposes the precarious condition of American workers and sparks a conversation about much-needed policies to assure that we are not all one layoff away from being trapped by stigma.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Pete Barbrook-Johnson and Alexandra S. Penn, "Systems Mapping: How to Build and Use Causal Models of Systems" (Palgrave MacMillan, 2022) Jan 20, 2024

There is a growing need across social, environmental, and policy challenges for richer, more nuanced, yet actionable and participatory understanding of the world. Complexity science and systems thinking offer hope in meeting this need. But in their 2022 book Systems Mapping: How to Build and Use Causal Models of Systems(Palgrave MacMillan, 2022), Pete Barbrook-Johnson and Alexandra (Alex) S. Penn argue that ‘systems mapping’ is a necessary a starting point for understanding complex adaptive systems in practical, actionable, and participatory ways.

Their book explores a range of new and older systems mapping methods focused on representing causal relationships in systems. In a practical manner, it describes the methods and considers the differences between. Systems Mapping offers practical insights for causal systems mapping in real-world contexts, with tips from experienced practitioners, and a detailed guide on the realities and challenges of building and using these types of system maps.

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Gustav Cederlof, "The Low-Carbon Contradiction: Energy Transition, Geopolitics, and the Infrastructural State in Cuba" (U California Press, 2023) Jan 15, 2024

In the pursuit of socialism, Cuba became Latin America’s most oil-dependent economy. When the Soviet Union collapsed, the country lost 86 percent of its crude oil supplies, resulting in a severe energy crisis. In the face of this shock, Cuba started to develop a low-carbon economy based on economic and social reform rather than high-tech innovation.

The Low-Carbon Contradiction: Energy Transition, Geopolitics, and the Infrastructural State in Cuba (University of California Press, 2023) by Dr. Gustav Cederlöf examines this period of rapid low-carbon energy transition, which many have described as a “Cuban miracle” or even a real-life case of successful “degrowth.” Working with original research from inside households, workplaces, universities, and government offices, Dr. Cederlöf retells the history of the Cuban Revolution as one of profound environmental and infrastructural change. In doing so, he opens up new questions about energy transitions, their politics, and the conditions of a socially just low-carbon future. The Cuban experience shows how a society can transform itself while rapidly cutting carbon emissions in the search for sustainability.

This interview was conducted by Dr. Miranda Melcher whose forthcoming 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.

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James W. Cortada, "Inside IBM: Lessons of a Corporate Culture in Action" (Columbia Business School, 2023) Jan 14, 2024

IBM was the world's leading provider of information technologies for much of the twentieth century. What made it so successful for such a long time, and what lessons can this iconic corporation teach present-day enterprises?

James W. Cortada--a business historian who worked at IBM for many years--pinpoints the crucial role of IBM's corporate culture. He provides an inside look at how this culture emerged and evolved over the course of nearly a century, bringing together the perspectives of employees, executives, and customers around the world. Through a series of case studies, Inside IBM: Lessons of a Corporate Culture in Action (Columbia Business School, 2023) explores the practices that built and reinforced organizational culture, including training of managers, employee benefits, company rituals, and the role of humor. It also considers the importance of material culture, such as coffee mugs and lapel pins.

Cortada argues that IBM's corporate culture aligned with its business imperatives for most of its history, allowing it to operate with a variety of stakeholders in mind and not simply prioritize stockholders. He identifies key lessons that managers can learn from IBM's experience and apply in their own organizations today. This engaging and deeply researched book holds many insights for business historians, executives and managers concerned with stakeholder relations, professionals interested in corporate culture, and IBMers.

James W. Cortada is a senior research fellow at the Charles Babbage Institute, University of Minnesota-Twin Cities. He spent nearly forty years at IBM in various sales, consulting, management, and executive positions.

Other NBN interviews with the same author include "The Birth of Modern Facts" and "IBM: The Rise, Fall and Reinvention of a Global Icon".

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Justine Nolan and Martijn Boersma, "Addressing Modern Slavery" (UNSW Press, 2019) Jan 14, 2024

Before you left your house this morning, chances are that you used products and consumed goods that were produced by modern slavery. From the coffee you drink, to the clothes and shoes that you wear, to the phone that you use, modern slavery is a pervasive global problem that encroaches into the daily lives of all of us.

In Addressing Modern Slavery (UNSW Press, 2019),Professor Justine Nolan and Associate Professor Martijn Boersma provide a comprehensive and accessible account of the role of businesses, governments and consumers in the proliferation of modern slavery. They address both the gaps in protection of workers in the global supply chain, and what more can be done to protect the dignity and human rights who are denied the chance to earn a decent living. In today's conversation, we spoke about the emergence of corporate social conscience, the work that laws can do, the role that civil society can play, and a need for better enforcement mechanisms which will adequately address modern slavery. This is a really important book about a global phenomenon that is unsustainable. A must read for businesses, governments and consumers.

Professor Justine Nolan is the Director of the Australian Human Rights Institute and a Professor in the Faculty of Law and Justice at UNSW Sydney. Her research focuses on the intersection of business and human rights, in particular, supply chain responsibility for human rights and modern slavery.

Dr. Martijn Boersma is an Associate Professor at the University of Notre Dame Australia and an Adjunct Fellow at the University of Technology Business School. His research focuses on the intersection of business and society, and includes areas such as labour standards in supply chains; corporate governance and social responsibility; gender diversity in corporate leadership; modern slavery; and employment and industrial relations.

Jane Richards is a Lecturer in Law at York Law School, UK.

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John Quiggin, "Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly" (Princeton UP, 2019) Jan 10, 2024

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Gerald Epstein, “What's Wrong with Modern Money Theory? A Policy Critique” (Palgrave Macmillan, 2019) Jan 09, 2024

Since the last-but-one financial crisis abated and governments responded to better times by clawing back their stimulus packages, a once-obscure economic philosophy has been gaining a growing following on the left. But, following the extraordinary policy response to the COVID-19 pandemic, even some conservative commentators and policy makers are showing an interest in Modern Monetary Theory or MMT.

Not so fast, warns Gerald Epstein in his What's Wrong with Modern Money Theory? A Policy Critique (Palgrave Macmillan, 2019). While this progressive economist welcomes any resistance to austerian economics and the policy rethink that the new theory is triggering, he warns against MMT's seductive appeal and its significant practical shortcomings.

Gerald Epstein co-directs the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst.

Tim Jones is an economic and political-risk analyst at Medley Global Advisors (FT Group) in London.

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Jayaseelan Raj, "Plantation Crisis: Ruptures of Dalit life in the Indian Tea Belt" (UCL Press, 2022) Jan 06, 2024

What does the collapse of India’s tea industry mean for Dalit workers who have lived, worked and died on the plantations since the colonial era? Plantation Crisis: Ruptures of Dalit life in the Indian Tea Belt (UCL Press, 2022) offers a complex understanding of how processes of social and political alienation unfold in moments of economic rupture. Based on long-term ethnographic fieldwork in the Peermade and Munnar tea belts, Jayaseelan Raj – himself a product of the plantation system – offers a unique and richly detailed analysis of the profound, multi-dimensional sense of crisis felt by those who are at the bottom of global plantation capitalism and caste hierarchy.

Tea production in India accounts for 25 per cent of global output. The colonial era planation system – and its two million strong workforce – has, since the mid-1990s, faced a series of ruptures due to neoliberal economic globalisation. In the South Indian state of Kerala, otherwise known for its labour-centric development initiatives, the Tamil speaking Dalit workforce, whose ancestors were brought to the plantations in the 19th century, are at the forefront of this crisis, which has profound impacts on their social identity and economic wellbeing. Out of the colonial history of racial capitalism and indentured migration, Plantation Crisis opens our eyes to the collapse of the plantation system and the rupturing of Dalit lives in India's tea belt.

Garima Jaju is a Smuts fellow at the University of Cambridge.

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Matthew O. Jackson, "The Human Network: How Your Social Position Determines Your Power, Beliefs, and Behaviors" (Vintage, 2019) Jan 05, 2024

Social networks existed and shaped our lives long before Silicon Valley startups made them virtual. For over two decades economist Matthew O. Jackson, a professor at Stanford University, has studied how the shape of networks and our positions within them can affect us. In this interview, he explains how network structures can create poverty traps, exacerbate financial crises, and contribute to political polarization. He also explains how a new awareness of the role of networks has been used to improve financial regulation, promote public health knowledge, and guide vaccination strategy.

Jackson also discusses how he first began to study networks, previously neglected by economists, and how economists can both learn from and contribute to the exciting cross-disciplinary dialogue among researchers from sociology, math, physics, and other fields.

Professor Jackson's website provides free access to the chapter on contagion, of particular interest in this time of pandemic. For those who want to learn even more than the book can cover, he offers a free online course on the topic.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Applying Historical Perspectives to Finance (with Daniel Peris) Jan 04, 2024

Before becoming a financial analyst and then a portfolio manager in New York, Daniel Peris worked as a tenure-track professor of Soviet history. I sat down with Dan and talked about his painful but ultimately successful 1990s transition from academia to finance. We chatted about how historical methods and perspectives shaped Dan's unique approach to investing, a style that he has been popularizing in his books and online blogs. Dan talked about the skills he acquired during his training as a historian that helped him succeed in finance. We talked about weighing professional risk in academia and in finance, about doubts that accompanied Dan's journey from one industry to another, his forthcoming book The Ownership Dividend (2024), and what history grads can do to broaden their career prospects.

Peris is also the author of The Strategic Dividend Investor(2011) and Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio (2018). His blog "History and Investing" is here.

Patryk Babiracki is a historian, researcher and writer; professor & MA student advisor at the University of Texas at Arlington. PhD from Johns Hopkins. Promoter of #AppliedHistory: using historical concepts, frameworks, and methodologies to solve real-world organizational problems.

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Gary Shiffman, "The Economics of Violence: How Behavioral Science Can Transform our View of Crime, Insurgency, and Terrorism" (Cambridge UP, 2019) Jan 03, 2024

Dr. Gary Shiffman’s book The Economics of Violence: How Behavioral Science Can Transform our View of Crime, Insurgency, and Terrorism(Cambridge UP, 2020) serves as a fantastic introduction to anyone interested in thinking critically about terrorist, insurgency, and criminal groups of all sorts. Using case studies from multiple continents, ideological contexts, and political situations, Dr. Shiffman shows how the language and tools familiar to economists can assist policy makers and security personnel to combat rival ‘firms,’ as he classifies them. Arguing strongly against essentialist labels and stories about why these groups act the way that they do, Dr. Shiffman offers us an approach to understanding ‘illicit’ groups that would be recognizable to leaders of many ‘legitimate’ organizations.

Dr. Gary Shiffman is a Professor at Georgetown University, the CEO of two software companies, a former Naval Officer and Border Patrol leader, a former Fortune 200 executive, and an engaging writer. His is the author of one other book on the Economic Instruments of Security Policy.

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Gabriel Abend, "Words and Distinctions for the Common Good: Practical Reason in the Logic of Social Science" (Princeton UP, 2023) Jan 02, 2024

How social scientists' disagreements about their key words and distinctions have been misconceived, and what to do about it

Social scientists do research on a variety of topics--gender, capitalism, populism, and race and ethnicity, among others. They make descriptive and explanatory claims about empathy, intelligence, neoliberalism, and power. They advise policymakers on diversity, digitalization, work, and religion. And yet, as Gabriel Abend points out in Words and Distinctions for the Common Good: Practical Reason in the Logic of Social Science(Princeton UP, 2023), they can't agree on what these things are and how to identify them. How to tell if something is a religion or a cult or a sect? What is empathy? What makes this society a capitalist one? Disputes of this sort arise again and again in the social sciences.

Abend argues that these disagreements have been doubly misconceived. First, they conflate two questions: how a social science community should use its most important words, and what distinctions it should accept and work with. Second, there's no fact of the matter about either. Instead, they're practical reason questions for a community, which aim at epistemically and morally good outcomes. Abend calls on social science communities to work together on their words, distinctions, and classifications. They must make collective decisions about the uses of words, the acceptability of distinctions, and the criteria for assessing both. These decisions aren't up to individual scholars; the community gets the last word. According to Abend, the common good, justice, and equality should play a significant role in the logic of scientific research.

Gabriel Abend is professor of sociology at University of Lucerne and the author of The Moral Background: An Inquiry into the History of Business Ethics (Princeton).

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Richard Vague, "A Brief History of Doom: Two Hundred Years of Financial Crises" (U Pennsylvania Press, 2019) Jan 02, 2024

Richard Vague really really cares about private-sector debt. And he thinks you should too. In A Brief History of Doom: Two Hundred Years of Financial Crises (University of Pennsylvania Press, 2019), Vague sees the rise and fall of private sector debt as the key factor explaining the cycle of economic crises experienced by developed and major developing economies over the past two centuries. The early stages of a lending cycle look and feel good. Everyone is happy, the lenders think they are smart, the borrowers feel they have everything under control. Then the lenders and borrowers take it to another level, and then another, and then it collapses, time and time again. Where are now? The good news is that debt/GDP levels aren't too bad, but in certain sectors of the economy and certain countries, they are flashing red, brightly. Read the book to find which sectors and countries. Vague makes his data available to researchers here.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter@Back2BizBook or at http://www.strategicdividendinvestor.com

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James O'Toole, "The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good" (HarperBusiness, 2019) Jan 01, 2024

Is the University of Chicago-blessed, "greed is good" near-term profits approach to business wearing out its welcome?

James O'Toole's The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good(HarperBusiness, 2019) is a welcome addition to the current debate about what is the right balance between the near-term profit motive and long-term social goals in running a business.

O'Toole, an emeritus professor of business ethics at USC, argues that entrepreneurs have and can be financially successful and still treat their employees, partners, and customers with respect. He provides two dozen case studies of founders and leaders, ranging from Milton Hershey to Robert Wood Johnson to Herb Kelleher, who tried to do more than just make a quick buck. These pioneers believed that if they practiced a form of ethical capitalism, the profits would roll in. And they did.

The challenge that O'Toole recognizes from the outset is that the culture these founders created rarely survived their own tenures at the top, and that the unrelenting pressure of the market ultimately wears down even the most well-intentioned business leader. In the end, he concludes that large publicly traded corporations face the greatest pressures, while smaller, private or trust-held businesses have an easier time of creating and sustaining a positive culture.

The Enlightened Capitalists is a must read for every aspiring business leader and investor, even those who are convinced that they are on the "right" side of the debate. The judgments can shift rapidly. Even a spectacularly successful New Economy company that had for years as its motto "Don't be evil" (since replaced with "Do the right thing") can quickly end up being vilified in the media and charged by regulators for its monopoly-like behavior. As Kermit might say, it's not easy being good (or green.)

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Benjamin Lorr, "The Secret Life of Groceries: The Dark Miracle of the American Supermarket" (Penguin, 2020) Jan 01, 2024

This episode of the New Books in Economic and Business History is an interview with New York writer Benjamin Lorr. Benjamin Lorr is the author of Hell-Bent: Obsession, Pain, and the Search for Something Like Transcendence in Competitive Yoga, a book that explores the Bikram Yoga community and movement. His second book, The Secret Life of Groceries: The Dark Miracle of the American Supermarket is "an extraordinary investigation into the human lives at the heart of the American grocery store. The miracle of the supermarket has never been more apparent. Like the doctors and nurses who care for the sick, suddenly the men and women who stock our shelves and operate our warehouses are understood as ‘essential’ workers, providing a quality of life we all too easily take for granted. But the sad truth is that the grocery industry has been failing these workers for decades.

In this page-turning expose, author Benjamin Lorr pulls back the curtain on the highly secretive grocery industry. Combining deep sourcing, immersive reporting, and sharp, often laugh-out-loud prose, Lorr leads a wild investigation, asking what does it take to run a supermarket? How does our food get on the shelves? And who suffers for our increasing demands for convenience and efficiency? In this journey:

We learn the secrets of Trader Joe's success from Trader Joe himself
Drive with truckers caught in a job they call "sharecropping on wheels"
Break into industrial farms with activists to learn what it takes for a product to earn certification labels like "fair trade" and "free range"
Follow entrepreneurs as they fight for shelf space, learning essential tips, tricks, and traps for any new food business
Journey with migrants to examine shocking forced labor practices through their eyes

The product of five years of research and hundreds of interviews across every level of the business, The Secret Life of Groceries is essential reading for those who want to understand our food system--delivering powerful social commentary on the inherently American quest for more and compassionate insight into the lives that provide it.

Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. New Books Network en español editor. Edita CEO.

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Annie McClanahan, "Dead Pledges: Debt, Crisis, and Twenty-First Century Culture" (Stanford UP, 2016) Dec 28, 2023

When teaching a public course called “The Age of Debt” this winter break, I had the strange realization that one of the the most successful readings in that course, the one which most clearly explained the 2008 crisis and the financialized economy, was written by an English professor. It was Annie McClanahan’s Dead Pledges: Debt, Crisis, and Twenty-First Century Culture (Stanford University Press, 2016). The book is a masterful exploration of the cultural politics of the financial crisis and a powerful mediation on how to make sense of an era of unrepayable debts. As a review in the LA Review of Books notes, McClanahan has resurrected and repurposed the rich tradition of Marxist literary criticism which brought us Raymond Williams, analyzing post-crisis literature, photography, and cinema as cultural texts registering “a new ‘crisis subjectivity’ in the wake of the mortgage meltdown’s shattering revelations.” Dead Pledges is a must read. For whom? Well, anyone living in the 21st century, concerned about insurmountable debts, thinking of how culture and the economy transect each other, and striving for a radical politics fit for the mortgaged times in which we live.

Aparna Gopalan is a Ph.D. student in Social Anthropology at Harvard University. Her research focuses on how managing surplus populations and tapping into fortunes at the “bottom-of-the-pyramid” are twin-logics that undergird poverty alleviation projects in rural Rajasthan.

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Devrim Adam Yavuz, "Democracy and Capitalism in Turkey: The State, Power, and Big Business" (Bloomsbury, 2023) Dec 23, 2023

While a positive correlation between capitalism and democracy has existed in Western Europe and North America, the example of late-industrializing nations such as Turkey has demonstrated that the two need not always go hand in hand, and sometimes the interests of business coincide more firmly with anti-democratic forces.

In Democracy and Capitalism in Turkey: The State, Power, and Big Business (Bloomsbury, 2023), Devrim Adam Yavuz explores the factors that compelled capitalists in Turkey to adopt a more pro-democratic ideology by examining a leading Turkish business lobby (TÜSIAD) which has been pushing for democratic reform since the 1990s, despite representing some of the largest corporation owners in Turkey and having supported the state's authoritarian tendencies in the past such as the military coup of 1980.

Drawing on roughly 70 interviews with influential members of TÜSIAD and individuals close to them, the book reveals that business leaders were willing to break away from the state due to the conflict between their evolving economic needs and power with a political elite and state that were unwilling to cater to their demands. In so doing, the book provides a rich account of business-state relations in Turkey as well as providing a case study for the wider study of democracy and capitalism in developing nations.

Reuben Silverman is a Postdoctoral Researcher at Stockholm University’s Institute for Turkish Studies.

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The Future of Migration: A Discussion with Hein de Haas Dec 23, 2023

Immigration has become one of the biggest issues in all western democracies. And the debate is so charged it's hard to know who to believe. Which is why Hein de Haas has written How Migration Really Works: The Facts About the Most Divisive Issue in Politics(Basic Books, 2023). Listen to him bust some myths with Owen Bennett-Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Elise Hu, "Flawless: Lessons in Looks and Culture from the K-Beauty Capital" (Dutton, 2023) Dec 21, 2023

In August, Representative Alexandria Ocasio-Cortez took to Twitter to complain about how U.S. regulations are holding local sunscreens back compared to the rest of the world. And while she didn’t name any specific country, the video featured headlines that did name one nation: South Korea. On social media, Korean cosmetics are now viewed as the world’s best.

But where did this success come from—and, perhaps, what does it say about South Korea? Elise Hu, during her time in South Korea, tried to find out, researching and reporting on not just the cosmetics industry, but gender politics, the culture of lookism, K-Pop, and cosmetic surgery, all covered in her latest book Flawless: Lessons in Looks and Culture from the K-Beauty Capital (Dutton, 2023)

In this interview, Elise and I talk about South Korea, its world-leading cosmetics industry, and what that says about gender and lookism in this buzzing East Asian economy.

Elise Hu is a correspondent and host at-large for NPR, the American news network; and since April 2020, the inaugural host of TED Talks Daily, the daily podcast from TED that’s downloaded a million times a day in all countries of the world. For nearly four years, she was the NPR bureau chief responsible for coverage of North Korea, South Korea, and Japan.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Flawless. Follow on Twitter at @BookReviewsAsia.

Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at@nickrigordon.

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Christine Abely, "The Russia Sanctions: The Economic Response to Russia's Invasion of Ukraine" (Cambridge UP, 2024) Dec 21, 2023

February 2024 will mark the tenth anniversary of Russia’s seizure of Ukrainian territory in Crimea and the Donbas and two years since its full-scale invasion.

While military assistance from Ukraine’s allies has been gradual and cautious, retaliatory sanctions have been impressive. "The sanctions imposed against Russia beginning in late winter 2022 were sweeping, historic and rolled out with stunning rapidity,” writes Christine Abely in The Russia Sanctions: The Economic Response to Russia's Invasion of Ukraine (Cambridge University Press, 2023).

Yet, until now at least, most Russians have been insulated from their effects. As the war reaches an attritional stalemate and Putin waits for NATO's resolve to fracture, the sanctions and their lagged effects are taking on critical importance.

Christine Abely is an assistant professor at New England Law in Boston. Previously, she taught at Boston University School of Law after a career at Massachusetts law firms specialising in business litigation, and international trade and sanctions law. While she has published papers on sanctions, food and sports law, The Russia Sanctions is her first book.

*The authors' book recommendations are Backfire: How Sanctions Reshape the World Against US Interests by Agathe Demarais (Columbia University Press, 2022) and The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger by Marc Levinson (Princeton University Press, second edition 2016).

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

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Chetan Choithani, "Migration, Food Security and Development: Insights from Rural India" (Cambridge UP, 2023) Dec 17, 2023

Migration, Food Security and Development: Insights from Rural India(Cambridge UP, 2023) examines the role of migration as a livelihood strategy in influencing food access among rural households. Migration forms a key component of livelihoods for an increasing number of rural households in many developing countries. Importantly, there is now a growing consensus among academics and policymakers on the potential positive effects of migration in promoting human development. Concurrently, the significance of food security as an important development objective has grown tremendously, and the Sustainable Development Goals agenda envisages eliminating all forms of malnutrition. However, the academic and policy discussions on these two issues have largely proceeded in silos, with little attention devoted to the relationship they bear with each other. Using the conceptual frameworks of 'entitlements' and 'sustainable livelihoods', this book seeks to fill this gap in the context of India - a country with the most food-insecure people in the world and where migration is integral to rural livelihoods.

Chetan Choithani is an Assistant Professor in the Inequality and Human Development Programme at the School of Social Sciences, National Institute of Advanced Studies, India. The broad disciplinary domain of Chetan's work is development studies. Within this area, his research and teaching interests include migration and urbanisation, food and nutrition, livelihoods, gender, and social policy and how they relate to development, particularly in the Indian context. Chetan has done extensive fieldwork in remote parts of India, and his research uses primary, field-based insights to engage with and inform larger issues of development. Chetan has published two authored books and several articles in leading peer-reviewed journals. His latest book-length publication is Migration, Food Security and Development: Insights from Rural India, published by Cambridge University Press in 2023.

Rituparna Patgiri has a PhD in Sociology from Jawaharlal Nehru University (JNU), New Delhi. Her research interests lie in the areas of food, media, gender and public. She is also one of the co-founders of Doing Sociology. Patgiri can be reached at @Rituparna37 on Twitter.

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The Future of Global Economic Governance: A Discussion with Jamie Martin Dec 16, 2023

With increasing talk of de-dollarization and the Gulf attempts to get more influence in the IMF it’s a good time to talk about the world’s international financial institutions – and their role globalization and its future. Listen to Owen Bennett-Jones in conversation with Jamie Martin author of The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance (Harvard UP, 2022).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Alice Cavalieri, "Italian Budgeting Policy: Between Punctuations and Incrementalism" (Palgrave Macmillan, 2023) Dec 16, 2023

European governments are emerging from 15 years of on-again, off-again crises that upended their budgetary positions. From close to balance in 2008, the aggregate budget deficit for governments using the euro is now 3% of output while public debt is up from 66% to 90%.

These "processes happened more forcefully", writes Alice Cavalieri in Italian Budgeting Policy: Between Punctuations and Incrementalism (Palgrave MacMillan, 2023). Since 2008, Italy's primary account excluding interest payments has turned from a substantial surplus to a deficit while public debt surged from 100% to 140% of output. At the same time, Italy’s politics have fragmented – leading to the formation of seven governments in ten years – and, for 15 months in 2018-2019, Western Europe’s first-ever administration run only by populists.

Italy’s budgetary framework has been tested like no other. “The budget unmasks politicians,” writes Cavalieri. “In contrast to other political documents, the budget cannot be exploited as a mere showcase of policy positions without any future but is rather a litmus test of actual policy priorities. It leaves no room for imagination, as it translates policy commitments into a quantifiable amount of financial resources, listing revenues and expenses for a delimited time period and conveying the services that the state wants to provide to its citizens and what specific services and to what extent citizens are entitled to them. Thus, it is not simply a document, it is a political act".

Alice Cavalieri is a research fellow at the Department of Political and Social Sciences at the University of Trieste. Before that, she spent two years as a Postdoctoral Researcher at the University of Turin, having obtained her PhD at the Scuola Superiore Sant'Anna in Pisa.

*The author's own book recommendations are Political Recruitment: Gender, Race and Class in the British Parliament by Pippa Norris and Joni Lovenduski (Cambridge University Press, 1994) and The Handmaid’s Tale by Margaret Atwood (Virago, 1987).

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

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Niall G MacKenzie et al., "Varieties of Capitalism Over Time" (Routledge, 2022) Dec 13, 2023

Varieties of Capitalism Over Time(Routledge, 2022) looks at how varieties of capitalism emerge over time and across different geographies, and is comprised of submissions from scholars around the globe. Covering a wide range of territories including Europe, the Americas, Africa, and Asia across both the nineteenth and twentieth centuries, this edited volume considers the roles that the state and business working together play in the emergence of different economic systems. Whilst most analyses focus on identifying different types of capitalism, the chapters in this volume instead focus on how these different types develop, the drivers of their emergence, and the people and organisations behind the developments. The geographical spread of analyses allows the reader to delve into how different countries have managed and even created their economic systems providing comparative insights into our understanding of how different national economic models develop over time.

This book was originally published as a special issue of Business History.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Paul Crosthwaite et al., "Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds" (U Chicago Press, 2022) Dec 10, 2023

Who hasn’t wished for a surefire formula for riches and a ticket to the good life? For three centuries, investment advisers of all kinds, legit and otherwise, have guaranteed that they alone can illuminate the golden pathway to prosperity—despite strong evidence to the contrary. In fact, too often, they are singing a siren song of devastation. And yet we keep listening.

Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds (U Chicago Press, 2022) tells the story of how the genre of investment advice developed and grew in the United Kingdom and the United States, from its origins in the eighteenth century through today, as it saturates our world. The authors analyze centuries of books, TV shows, blogs, and more, all promising techniques for amateur investors to master the ways of the market: from Thomas Mortimer’s pathbreaking 1761 work, Every Man His Own Broker, through the Gilded Age explosion of sensationalist investment manuals, the early twentieth-century emergence of a vernacular financial science, and the more recent convergence of self-help and personal finance. Invested asks why, in the absence of evidence that such advice reliably works, guides to the stock market have remained perennially popular. The authors argue that the appeal of popular investment advice lies in its promise to level the playing field, giving outsiders the privileged information of insiders. As Invested persuasively shows, the fantasies sold by these writings are damaging and deceptive, peddling unrealistic visions of easy profits and the certainty of success, while trying to hide the fact that there is no formula for avoiding life’s economic uncertainties and calamities.

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The Future of Predictions: A Discussion with Christopher E. Mason Dec 09, 2023

Predictive algorithms are changing the world – that is the claim of Christopher E. Mason who has co-authored (with Igor Tulchinsky) the book The Age of Prediction: Algorithms, AI, and the Shifting Shadows of Risk (MIT Press, 2023). Listen to him in conversation with Owen Bennett Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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James A. Chamberlain, "Undoing Work, Rethinking Community: A Critique of the Social Function of Work" (ILR Press, 2018) Dec 06, 2023

This revolutionary book presents a new conception of community and the struggle against capitalism. In Undoing Work, Rethinking Community: A Critique of the Social Function of Work(ILR Press, 2018), James A. Chamberlain argues that paid work and the civic duty to perform it substantially undermines freedom and justice. Chamberlain believes that to seize back our time and transform our society, we must abandon the deep-seated view that community is constructed by work, whether paid or not.

Chamberlain focuses on the regimes of flexibility and the unconditional basic income, arguing that while both offer prospects for greater freedom and justice, they also incur the risk of shoring up the work society rather than challenging it. To transform the work society, he shows that we must also reconfigure the place of paid work in our lives and rethink the meaning of community at a deeper level. Throughout, he speaks to a broad readership, and his focus on freedom and social justice will interest scholars and activists alike. Chamberlain offers a range of strategies that will allow us to uncouple our deepest human values from the notion that worth is generated only through labor.

James a Chamberlain is an Associate Professor of Political Science at Mississippi State University, where he specialize in political theory. Chamberlain engages with both ‘continental’ and ‘analytic’ traditions of political philosophy, as well as relevant work in the social sciences and humanities. Building on the work we will discuss today his current and recent research focuses on migration and borders.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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The Future of the State: A Discussion with Graeme Garrard Dec 04, 2023

The Reagan-Thatcher neoliberal era started the retreat of the state. Privatisation and deregulation meant power was handed over to corporations and markets. Now that neoliberalism has run its course, will there be a return of the state? Listen to Owen Bennett Jones in conversation Graeme Garrard. Garrard is the author of The Return of the State: And Why It Is Essential for Our Health, Wealth and Happiness (Yale UP, 2022).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Paola Cecchi-Dimeglio, "Diversity Dividend" (MIT Press, 2023) Dec 01, 2023

From entry-level to the boardroom, what works to create large-scale change in organizations looking to accelerate their diversity, equity, and inclusion efforts and reap financial benefits.

Every leader endeavors to invest in and manage their key asset--talent--to be as high-performing as possible. Like a winning stock, successful diversity, equity, and inclusion (DEI) actions pay back over time. That dividend is paid both to the company--through not only higher performance but also talent acquisition, training, and other savings--and to society in general. In Diversity Dividend, Paola Cecchi-Dimeglio offers a fresh, detailed look at how to realize gender and racial equity along the company-employee pathway--from attracting and interviewing applicants to onboarding, promoting, and sustaining hires--and how to remove systemic barriers at the organizational level that prevent women and underrepresented groups from advancing.

While other books have delved into DEI and the challenges inherent in sustaining successful efforts, no book has done so in concert with the depth and scope of data, basis in science, and application in the real world. In Diversity Dividend, Cecchi-Dimeglio artfully combines accessible anecdotal cases--where success was achieved or where, despite best intentions and efforts, things did not go as expected--with scientifically rigorous solutions as well as applications of data and big data.

As empowering as it is comprehensive, Diversity Dividend(MIT Press, 2023) helps remove the guesswork and near-superstition that naturally arise when some methods work and others fail, thereby giving leaders the tools and insight to make informed choices at the right moments to create lasting change.

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Jessi Streib, "The Accidental Equalizer: How Luck Determines Pay After College" (U Chicago Press, 2023) Nov 23, 2023

Are jobs fair? In The Accidental Equalizer: How Luck Determines Pay after College(U Chicago Press, 2023), Jessi Streib, an associate Professor of Sociology at Duke University, uncovers the remarkable story of the way luck shapes the hiring process for a key strata of business jobs in America. Offering a thesis that is initially counterintuitive but clearly argued, empirically grounded, and ultimately compelling, the book introduces the idea of ‘luckocracy’. ‘Luckocracy’ underpins the functioning of important parts of the graduate labour market, and equalises what would otherwise be significant class differences between college graduates. Rich with details, as well as offering a broad new perspective on education and the labour market, the book is essential reading across the social sciences, as well as for anyone interested in understanding work, fairness, and the importance of luck.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Manchester.

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Jarmo T. Kotilaine, "Sustainable Prosperity in the Arab Gulf: From Miracle to Method" (Routledge, 2023) Nov 22, 2023

Tracing the development journey of the Arabian Gulf region with a forward-looking perspective, Sustainable Prosperity in the Arab Gulf: From Miracle to Method(Routledge, 2023) describes how a combination of good fortune, creative experimentation, and determination has enabled the region to achieve prosperity. Today, the Arabian Gulf is well-positioned to assume a pivotal role in the new global order. Forced to balance an extreme climate and acute resource constraints, but also an exceptional location, the region's progress and prosperity have historically been precarious and vulnerable to external shocks. Efforts to transcend resource dependency have typically involved proactive attempts to enable other economic activities.

This book argues that, while conventional economic diversification is making headway, the Gulf region is in fact amidst a far more holistic transformation that positions it for a pivotal role in the emerging multipolar global order. It now offers globally competitive regulations and world-class infrastructure at the heart of the Old World, flanked by two fast-growing continents. It has become the hub of choice for a growing share of inter-continental flows of people, trade, and capital, and has established strong economic ties in all directions. This book shows how, despite many risks and challenges, the region possesses the forward-looking vision and necessary resilience that can finally liberate it from its long-standing "resource curse" and a development paradigm that looks likely to provide the foundation for sustained well-being in the decades ahead. The scope and rigor of the book make it suitable as a reference on the Arabian Gulf and for those interested in global affairs and economic development, as well as policymakers and the business community.

Jarmo T. Kotilaine has held several positions in the financial services sector and at government-related entities in the Gulf region, and currently works at a fund tasked with supporting economic diversification in Bahrain.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Economic Enchantments Nov 22, 2023

Anat Rosenberg, Kristof Smeyers, and Astrid Van den Bossche discuss the fresh historiographies of capitalism offered by studies of enchantment and magical thinking. They talk about their research network for scholars interested in the historical role of enchantment as a tool, structure, or foundation for the organization and the development of modern markets, economic institutions, and economic relationships.

Anat Rosenberg is a senior lecturer at the Harry Radzyner Law School, Reichman University, Israel. Her work concerns the cultural legal history of capitalism, liberalism and consumption in Britain, and methodologies of law and the humanities. She is author of Liberalizing Contracts: Nineteenth Century Promises Through Literature, Law and History (Routledge, 2017), and The Rise of Mass Advertising: Law, Enchantment and the Cultural Boundaries of British Modernity (Oxford UP, 2022).

Kristof Smeyers is a Postdoctoral Fellow at the Ruusbroec Institute, University of Antwerp. His research interests are magic, the supernatural and the occult, and their connections to the histories of religion, science and folklore, as well as their historiography and their archive history.

Astrid Van den Bossche is Lecturer in Digital Marketing and Communications at the Department of Digital Humanities, King’s College London. She is particularly interested in scepticism and humour as forms of engagement with promotional culture, and the application of computational methods in historical studies.

Image: Public Domain Image of Great Market Hall, Budapest

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The Enlightened Donor: How to Give Charity Wisely Nov 22, 2023

Motivated by compassion and hope, and the shared desire to make the world a better place, the immense amount of charitable giving stands as a testament to the humanity's collective generosity. From aiding those in need to supporting noble causes in art and science, culture and religion, the act of giving has the power to transform lives and shape a brighter future.

But amidst the goodwill, there lies a shadowy underbelly that seeks to exploit our altruistic impulses. The landscape of charitable giving is not without its challenges, as scams and deceit work to dilute the noble intentions of well-meaning donors.

We sit down with philanthropy consultant and advocate for responsible giving, Arnie Draiman, to learn how to be better and more effective givers. With his keen eye honed through years of experience, Draiman unveils the intricacies of donating wisely while illuminating the potential pitfalls that challenge even the most benevolent intentions.

Arnie Draiman heads The Draiman Consulting Group, which serves individual donors and philanthropists, family foundations, charity funds – anyone interested in giving his or her money away wisely. The Group takes personal responsibility for doing the necessary due diligence and for maintaining constant contact with recipients.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il. She's on Twitter @embracingwisdom. She blogs here.

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Technology, AI, Political Economy, and Economic Development Nov 19, 2023

Simon Johnson (MIT Sloan Economics Professor and Former IMF Chief Economist) joins the podcast to discuss his new book "Power and Progress", co-authored with his MIT colleague Daron Acemoglu, on the interplay between technology, political economy, and economic development.

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Konstantinos Retsikas, "A Synthesis of Time: Zakat, Islamic Micro-finance and the Question of the Future in 21st-Century Indonesia" (Palgrave Macmillan, 2020) Nov 17, 2023

In A Synthesis of Time: Zakat, Islamic Micro-finance and the Question of the Future in 21st-Century Indonesia(Palgrave Macmillan, 2020), Konstantinos Retsikas has anthropological investigation into the different forms the economy assumes, and the different purposes it serves, when conceived from the perspective of Islamic micro-finance as a field of everyday practice. The book is based on long-term ethnographic research in Java, Indonesia, with Islamic foundations active in managing zakat and other charitable funds, for purposes of poverty alleviation. Specifically, the book explores the social foundations of contemporary Islamic practices that strive to encompass the economic within an expanded domain of divine worship and elucidates the effects such encompassment has on time, its fissure and synthesis.

In order to elaborate on the question of time, the book looks beyond anthropology and Islamic studies, engaging attentively, critically and productively with the post-structuralist work of G. Deleuze, M. Foucault and J. Derrida, three of the most important figures of the temporal turn in contemporary continental philosophy. Through doing so, the book impressively untangles the complex relationship between Islamic economics, divine worship, and time.

Konstantinos Retsikas is Reader in the Department of Anthropology and Sociology at SOAS, University of London, UK. His work focuses on temporality and personhood, and he has written extensively on issues of embodiment, place making, violence, and religion. He is also the author of Becoming: An Anthropological Approach to Understandings of the Person in Java (2012).

Yadong Li is a PhD student in anthropology at Tulane University. He conducts ethnography among ufologists in China. His research interests lie at the intersection of the anthropology of the paranormal, hope studies, and post-structural philosophy. More details about his scholarship and research interests can be found here.

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Eve Warburton, "Resource Nationalism in Indonesia: Booms, Big Business, and the State" (Cornell UP, 2023) Nov 15, 2023

In Resource Nationalism in Indonesia: Booms, Big Business, and the State(Cornell UP, 2023), Eve Warburton traces nationalist policy trajectories in Indonesia back to the preferences of big local business interests. Commodity booms often prompt more nationalist policy styles in resource-rich countries. Usually, this nationalist push weakens once a boom is over. But in Indonesia, a major global exporter of coal, palm oil, nickel, and other minerals, the intensity of nationalist policy interventions increased after the early twenty-first century commodity boom came to an end. Equally puzzling, the state applied nationalist policies unevenly across the land and resource sectors. Resource Nationalism in Indonesia explains these trends by examining the economic and political benefits that accrue to domestic business actors when commodity prices soar. Warburton shows how the centrality of patronage to Indonesia's democratic political economy, and the growing importance of mining and palm oil as a drivers of export earnings, enhanced both the instrumental and structural power of major domestic companies, giving them new influence over the direction of nationalist change.

Eve Warburton is Director of the ANU Indonesia Institute and a Research Fellow in the Coral Bell School of Asia Pacific Affairs at the Australian National University.

Professor Michele Ford is the Director of the Sydney Southeast Asia Centre, a university-wide multidisciplinary center at the University of Sydney, Australia.

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Monetary History, Bretton Woods, and Banking Crises Nov 15, 2023

Michael Bordo (Rutgers Economics Professor and Hoover Distinguished Visiting Fellow) joins the podcast to discuss his career, monetary history, the legacy of Bretton Woods 50 years later, and historical banking crises amid ongoing regional bank failures.

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Jennifer Burns on the Life and Lasting Influence of Milton Friedman Nov 14, 2023

Jennifer Burns (Hoover Reserch Fellow and Stanford Associate Professor of History) joins the podcast to discuss her career as well as her new biography Milton Friedman: The Last Conservative (Farrar, Straus and Giroux, 2023). We discuss the life of Milton Friedman including his very brief time in Chile, his intellectual development before and after joining the University of Chicago economics faculty, the role of various people who contributed to the development of his ideas behind the scenes, along with the extent of his influence nearly 20 years after his death.

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.

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Brendan J. Doherty, "Fundraiser in Chief: Presidents and the Politics of Campaign Cash" (UP of Kansas, 2023) Nov 13, 2023

Political Scientist Brendan Doherty has a new book that dives into the ways that presidents have raised money for themselves, their parties, and other elected officials over the past six decades. Doherty is an expert on campaign fundraising, especially by presidents, and Fundraiser in Chief: Presidents and the Politics of Campaign Cash (UP of Kansas, 2023) continues the research he has been doing in this area within political science. The overarching thesis of Doherty’s work in Fundraiser in Chief is examining the intersection between campaigning and governing, especially when it comes to the president him(her)self. Doherty’s chief claim in the book is that presidential fundraising, which is usually studied and explored in direct connection with presidential campaigns, should be more fully integrated into the other dynamics and components of how a president governs and uses his/her time. In an effort to examine the time spent fundraising, not just at public events, but also in private venues and closed events, Doherty compiled an extensive data set that includes information for every president from Jimmy Carter to Donald Trump. (Doherty has continued to add to the data set to include President Joe Biden, but the research analyzed in the book concludes with the 2020 election cycle and Donald Trump’s presidency.)

This is a fascinating examination of fundraising, particularly as the laws and regulations have continued to change and shift over the decades. As Doherty notes, every time there is a shift, presidents pursue different options in order to fundraise for themselves, for their parties, and for other elected officials. And since fundraising is a constant undertaking, not just ramped up during election cycles, it needs to be considered alongside other dimensions of presidential governance, like speechmaking/rhetoric, congressional relations, foreign and domestic travel, and the other ways that presidents spend their scarcest resource, their time. The fundraising world that President Jimmy Carter entered, following the establishment of new laws, regulations, and restrictions on campaign fundraising after Watergate, is much different than the world in which former President Trump and President Biden are now operating as the 2024 election cycle moves forward. Presidents must make strategic choices around fundraising, and this also shapes the ways that individuals govern from the Oval Office, the way they work with members of their parties, and the way that they work with other elected officials. Fundraiser in Chief: Presidents and the Politics of Campaign Cash is an important contribution to the scholarship on the American presidency, especially in our understanding of how governing and fundraising and campaigning all integrate into each other.

Lilly J. Goren is a professor of political science at Carroll University in Waukesha, WI. She is co-host of the New Books in Political Science channel at the New Books Network. She is co-editor of The Politics of the Marvel Cinematic Universe (University Press of Kansas, 2022), as well as co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012). She can be reached @gorenlj.bsky.social

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Elizabeth Anderson, "Hijacked: How Neoliberalism Turned the Work Ethic against Workers and How Workers Can Take It Back" (Cambridge UP, 2023) Nov 13, 2023

What is the work ethic? Does it justify policies that promote the wealth and power of the One Percent at workers' expense? Or does it advance policies that promote workers' dignity and standing? Hijacked: How Neoliberalism Turned the Work Ethic against Workers and How Workers Can Take It Back (Cambridge UP, 2023) explores how the history of political economy has been a contest between these two ideas about whom the work ethic is supposed to serve. Today's neoliberal ideology deploys the work ethic on behalf of the One Percent. However, workers and their advocates have long used the work ethic on behalf of ordinary people. By exposing the ideological roots of contemporary neoliberalism as a perversion of the seventeenth-century Protestant work ethic, Elizabeth Anderson shows how we can reclaim the original goals of the work ethic, and uplift ourselves again. Hijacked persuasively and powerfully demonstrates how ideas inspired by the work ethic informed debates among leading political economists of the past, and how these ideas can help us today.

Elizabeth Anderson is the Max Mendel Shaye Professor of Public Philosophy, Politics, and Economics at University of Michigan. She is the author of Value in Ethics and Economics (1995), The Imperative of Integration (2010), and Private Government: How Employers Rule Our Lives (and Why We Don't Talk about It) (2017). She is a MacArthur Fellow and Fellow of the American Academy of Arts and Sciences. In 2019, The New Yorker described her as 'a champion of the view that equality and freedom are mutually dependent [...] Anderson may be the philosopher best suited to this awkward moment in American life.'

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Huwy-min Lucia Liu, "Governing Death, Making Persons: The New Chinese Way of Death" (Cornell UP, 2023) Nov 10, 2023

Governing Death, Making Persons: The New Chinese Way of Death (Cornell UP, 2023) tells the story of how economic reforms and changes in the management of death in China have affected the governance of persons.

The Chinese Communist Party has sought to channel the funeral industry and death rituals into vehicles for reshaping people into "modern" citizens and subjects. Since the Reform and Opening period and the marketization of state funeral parlors, the Party has promoted personalized funerals in the hope of promoting a market-oriented and individualistic ethos. However, things have not gone as planned.

Huwy-min Lucia Liu writes about the funerals she witnessed and the life stories of two kinds of funeral workers: state workers who are quasi-government officials and semilegal private funeral brokers. She shows that end-of-life commemoration in urban China today is characterized by the resilience of social conventions and not a shift toward market economy individualization. Rather than seeing a rise of individualism and the decline of a socialist self, Liu sees the durability of socialist, religious, communal, and relational ideas of self, woven together through creative ritual framings in spite of their contradictions.

Huwy-min Lucia Liu is Assistant Professor in the Department of Sociology and Anthropology at George Mason University.

Victoria Oana Lupașcu is an Assistant Professor of Comparative Literature and Asian Studies at University of Montréal. Her areas of interest include medical humanities, visual art, 20th and 21st Chinese, Brazilian and Romanian literature and Global South studies.

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Jieh-min Wu, "Rival Partners: How Taiwanese Entrepreneurs and Guangdong Officials Forged the China Development Model" (Harvard UP, 2022) Nov 09, 2023

Taiwan has been depicted as an island facing the incessant threat of forcible unification with the People’s Republic of China. Why, then, has Taiwan spent more than three decades pouring capital and talent into China?

InRival Partners: How Taiwanese Entrepreneurs and Guangdong Officials Forged the China Development Model (Harvard UP, 2022), Wu Jieh-min follows the development of Taiwanese enterprises in China over twenty-five years and provides fresh insights. The geopolitical shift in Asia beginning in the 1970s and the global restructuring of value chains since the 1980s created strong incentives for Taiwanese entrepreneurs to rush into China despite high political risks and insecure property rights. Taiwanese investment, in conjunction with Hong Kong capital, laid the foundation for the world’s factory to flourish in the southern province of Guangdong, but official Chinese narratives play down Taiwan’s vital contribution. It is hard to imagine the Guangdong model without Taiwanese investment, and, without the Guangdong model, China’s rise could not have occurred.

Going beyond the received wisdom of the “China miracle” and “Taiwan factor,” Wu delineates how Taiwanese businesspeople, with the cooperation of local officials, ushered global capitalism into China. By partnering with its political archrival, Taiwan has benefited enormously, while helping to cultivate an economic superpower that increasingly exerts its influence around the world.

This book is the winner of 2023 Global and Transnational Sociology Best Publication (Book) by an International Scholar Award, the American Sociological Association, 國科會111年度(2022) 傑出研究獎, 2020年第九屆中央研究院人文及社會科學學術性專書獎, 科技部2020最具影響力研究專書(人文及社會科學領域), 2019年孫運璿學術獎最佳書籍.

Wu Jieh-min is a research fellow at the Institute of Sociology, Academia Sinica, Taiwan. Stacy Mosher is a translator and editor based in Brooklyn.

Li-Ping Chen is a teaching fellow in the Department of East Asian Languages and Cultures at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts.

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The Future of Crucial Materials: A Discussion with Ed Conway Nov 09, 2023

Sand, salt, iron, copper, oil, and lithium. These fundamental materials have created empires, razed civilizations, and fed our ingenuity and greed for thousands of years. Without them, our modern world would not exist, and the battle to control them will determine our future.

The fiber-optic cables that weave the World Wide Web, the copper veins of our electric grids, the silicon chips and lithium batteries that power our phones and cars: though it can feel like we now live in a weightless world of information—what Ed Conway, author of Material World: The Six Raw Materials That Shape Modern Civilization (Knopf, 2023)--calls “the ethereal world”—our twenty-first-century lives are still very much rooted in the material. Listen to him in conversation with Owen Bennett-Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Vicki Howard, ed., "A Cultural History of Shopping in the Modern Age" (Bloomsbury, 2022) Nov 07, 2023

In this episode, I talk to Vicki Howard and Sarah Elvins, both contributors to Volume 6 of the anthology A Cultural History of Shopping. Jon Stobart is the series editor, and Vicki Howard is the editor of Volume 6: A Cultural History of Shopping in the Modern Age. The chapters of this volume include: Practices and Processes, by Sarah Elvins, Spaces and Places, by Alison Hulme, Shoppers and Identities, by Joshua L. Carreiro, Luxury and Everyday, by Vicki Howard, Home and Family, by Helen Sheumaker, Visual and Literary Representations, by Angelica Michelis, Reputation, Trust and Credit, by Franck Cochoy, by Johan Hagberg and Hans Kjellberg, Governance, Regulation and the State, by Jan Logemann.

Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. Editor New Books Network en español. Edita CEO.

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Rory Coulter, "Housing and Life Course Dynamics: Changing Lives, Places and Inequalities" (Policy Press, 2023) Nov 06, 2023

Deepening inequalities and wider processes of demographic, economic, and social change are altering how people across the Global North move between homes and neighbourhoods over the lifespan.Housing and Life Course Dynamics: Changing Lives, Places, and Inequalities (Policy Press, 2023) presents a life course framework for understanding how the changing dynamics of people's family, education, employment, and health experiences are deeply intertwined with ongoing shifts in housing behaviour and residential pathways. Particular attention is paid to how these processes help to drive uneven patterns of population change within and across neighbourhoods and localities. Integrating the latest research from multiple disciplines, the author shows how housing and life course dynamics are together reshaping 21st-century inequalities in ways that demand greater attention from scholars and public policy makers.

Rory Coulter is a specialist in the socio-spatial dynamics of cities, with a particular focus on issues of inequality, segregation, and the impact of urban policies on marginalised communities. He is Associate Professor of Human Geography at University College London where his teaching spans population, urban, and economic geography as well as quantitative methods. His research examines population mobility, housing dynamics, and neighbourhood change.

Aleem Mahabir is a PhD candidate in Geography at the University of the West Indies, Mona, Jamaica. His research interests lie at the intersection of Urban Geography, Social Exclusion, and Psychology. His dissertation research focuses on the link among negative psychosocial dispositions, exclusion, and under-development among marginalized communities in Port of Spain, Trinidad and Tobago. You can find him on Twitter.

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Zeke Faux, "Number Go Up: Inside Crypto's Wild Rise and Staggering Fall" (Currency, 2023) Nov 04, 2023

In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity—with a dash of FOMO—would morph into a two-year, globe-spanning quest to understand the wizards behind the world’s new financial machinery. Faux’s investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for short) and a host of other crypto scammers, utopians, and overnight billionaires. Faux follows the trail to a luxury resort in the Bahamas, where SBF boldly declares that he will use his crypto fortune to save the world. Faux talks his way onto the yacht of a former child actor turned crypto impresario and gains access to “ApeFest,” an elite party headlined by Snoop Dogg, by purchasing a $20,000 image of a cartoon monkey. In El Salvador, Faux learns what happens when a country wagers its treasury on Bitcoin, and in the Philippines, he stumbles upon a Pokémon knockoff mobile game touted by boosters as a cure for poverty. And in an astonishing development, a spam text leads Faux to Cambodia, where he uncovers a crypto-powered human-trafficking ring. When the bubble suddenly bursts in 2022, Faux brings readers inside SBF’s penthouse as the fallen crypto king faces his imminent arrest. Fueled by the absurd details and authoritative reporting that earned Zeke Faux the accolade “our great poet of crime” (Money Stuff columnist Matt Levine), Number Go Up: Inside Crypto's Wild Rise and Staggering Fall(Crown, 2023) is the essential chronicle, by turns harrowing and uproarious, of a $3 trillion financial delusion.

Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Antitrust Policy, The Chicago School Consumer Welfare Standard and The Rise of the New Brandeisians Nov 04, 2023

Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures thus far.

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.

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Empires, States, Corporations: A Discussion with Historians Philip J. Stern and Quinn Slobodian Nov 03, 2023

Adam Smith wrote that, “Political economy belongs to no nation; it is of no country: it is the science of the rules for the production, the accumulation, the distribution, and the consumption of wealth.”

However Adam Smith regarded the science of political economy, in practical terms, one is quite hard pressed to find a case where governments—be it an empire, republic, or nation—were completely left out of the picture. At least, that is how it’s been historically.

Questions about how people and other types of entities organize and generate capital, AND the role that governments play in all of this, fill libraries. The ramifications of the dynamics and rules surrounding money have proved so consequential—and increasingly so, in our increasingly technologized world—that it is no surprise that historians have devoted much energy to the study of political economy. Political economy, in the broadest terms, is the subject of our conversation today. Today on History Ex we put two recent books that bring important perspectives to these questions in conversation with each other.

In this conversation Philip Stern and Quinn Slobodian discuss:

• Empire, Incorporated. The Corporations That Built British Colonialism (Belknap Press of Harvard University Press in 2023), by Philip J. Stern.

• Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy(Metropolitan Books, 2023), by Quinn Slobodian.

The periods of time being studied are centuries apart and marked by much innovation. Our authors find points of convergence as well as divergence in aims, methods, and outcomes of the people at the center of their books. Stern and Slobodian discuss methodologies and chronologies, the ideologies that animated their actors, how memory and history were mobilized in promoting various visions; they probe the historian’s perennial challenges of disentangling ideologies from interest, explain how similar actions in different historical contexts can demand different interpretations; and more.

Philip Stern is an associate professor of History at Duke University in Durham, North Carolina. His work focuses on various aspects of the legal, political, intellectual, and business histories that shaped the British Empire. He is also the author of The Company-State: Corporate Sovereignty and the Early Modern Foundations of the British Empire in India (Oxford University Press, 2011) and many other scholarly works.

Quinn Slobodian is a professor of the history at Wellesley College in Massachusetts. He is also the author of the award-winning Globalists: The End of Empire and the Birth of Neoliberalism(Harvard University Press, 2018), which has been translated into six languages, and a frequent contributor to the Guardian, New Statesman, The New York, Times, Foreign Policy, Dissent and the Nation.

Erika Monahan is the author of The Merchants of Siberia: Trade in Early Modern Eurasia (Cornell UP, 2016) and a 2023-2024 Alexander von Humboldt Fellow.

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Gerard McCarthy, "Outsourcing the Polity: Non-State Welfare, Inequality, and Resistance in Myanmar" (Cornell UP, 2023) Nov 01, 2023

In late 2015 Daw Aung San Suu Kyi led Myanmar’s National League for Democracy to a smashing general election victory. In one of her first public appearances since the win, Suu Kyi went to a roadside to be photographed by journalists picking up garbage. Why? What was she doing there? The obvious answer to that question is: launching a nationwide trash clearance campaign. The less obvious but more interesting one is: outsourcing the polity.

That’s the title of a new book by Gerard McCarthy, Outsourcing the Polity: Non-State Welfare, Inequality and Resistance in Myanmar (Cornell University Press, 2023), which is the subject of this episode of New Books in Southeast Asian Studies. In it McCarthy explains how the NLD government’s failure to break with the political economy of military dictatorship was not due to structural constraints alone, but was ideologically motivated. Drawing on years of ethnographic and survey research in Myanmar, he shows how welfare capitalism can slip between regime types, and insidiously undermine programs for social justice through redistribution of wealth.

Like this interview? If so you might also be interested in:

Tamas Wells, Narrating Democracy in Myanmar
Jane Ferguson, Repossessing Shanland

Nick Cheesman is Associate Professor, Department of Political & Social Change, Australian National University. He hosts the New Books in Interpretive Political & Social Science series on the New Books Network.

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Luke Moffett, "Reparations and War: Finding Balance in Repairing the Past" (Oxford UP, 2023) Oct 27, 2023

For thousands of years, reparations have been used to secure the end of war and to alleviate its deleterious consequences. While human rights law establishes that victims have a right to reparations, reparations are not always feasible and are often difficult to deliver.

In Reparations and War: Finding Balance in Repairing the Past (Oxford UP, 2023), Professor Luke Moffett used interviews with hundreds of victims, ex-combatants, government officials, and civil society actors from six post-conflict countries to examine the history, theoretical justifications, and practical challenges of implementing reparations after war. In his engaging interview with Lavinia Stan, Moffett draws on his own experience growing up in Northern Ireland to explain how reparations are related to transitional justice. Listen to him explaining what reparations can (and cannot do), how they can be politically manipulated, and how they achieve justice for the victims.

Lavinia Stan is a professor of political science at St. Francis Xavier University in Canada.

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Monetary economics, the Taylor Rule, fiscal policy, and economic growth Oct 21, 2023

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth.

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Maitrayee Deka, "Traders and Tinkers: Bazaars in the Global Economy" (Stanford UP, 2023) Oct 20, 2023

Michael O. Johnston sits down with Maitrayee Deka, Senior Lecturer in Sociology at the University of Essex to discuss her new book Traders and Tinkers: Bazaars in the Global Economy (Stanford University Press, 2023). The term "tinker" calls to mind nomadic medieval vendors who operate on the fringe of formal society. Excluded from elite circles and characterized by an ability to leverage minimal resources, these tradesmen live and die by their ability to adapt their stores to the popular tastes of the day. In Delhi in the 21st century, an extensive network of informal marketplaces, or bazaars, has evolved over the course of the city's history, across colonial and postcolonial regimes. Their resilience as an economic system is the subject of this book. Today, instead of mending and selling fabrics and pots, these street vendors are primarily associated with electronic products—computers, cell phones, motherboards, and video games.

This book offers a deep ethnography of three Delhi bazaars, and a cast of tinkers, traders, magicians, street performers, and hackers who work there. It is an exploration, and recognition, of the role of bazaars and tinkers in the modern global economy, driving globalization from below. In Delhi, and across the world, these street markets work to create a new information society, as the global popular classes aspire to elite consumer goods they cannot afford except in counterfeit.

Michael O. Johnston, Ph.D. is a Assistant Professor of Sociology at William Penn University. He is the author of The Social Construction of a Cultural Spectacle: Floatzilla (Lexington Books, 2023) and Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington Books, 2022). His general area of study is about the construction of identity and place. He is currently conducting research for his next project that looks at nightlife and the emotional labor that is performed by bouncers at bars and nightclubs. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Milton Friedman, The Chicago School, and The Government’s Incentive To Promote Economic Growth Oct 19, 2023

David Mitch, an economic historian and professor of economics at the University of Maryland Baltimore County, joins the podcast to discuss the The Chicago School of Economics, including his 2016 Journal of Political Economy paper which uncovered how on the University of Chicago economics department nearly hired economists Paul Samuelson and John Hicks over Milton Friedman in 1946, along with David's work on economic growth including arguing how incentives for governments to promote growth historically may have been more to promote militarism than maximize the welfare of its citizens.

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Philipp Stelzel, "The Faculty Lounge: A Cocktail Guide for Academics" (Indiana UP, 2023) Oct 18, 2023

The life of a scholar is stressful. The best way to muddle through is with a stiff drink. Balancing teaching, research, and service more than merits a cocktail at the end of a long day. So, sit back, relax, and infuse some intoxicating humor into old-fashioned academia. A humorous handbook for surviving life in higher education, The Faculty Lounge: A Cocktail Guide for Academics (Indiana University Press, provides deserving scholars with a wide range of academic-themed drink recipes. Philipp Stelzel shares more than 50 recipes for all palates, including The Dissertation Committee (rum), The Faculty Meeting (rye), The Presidential Platitude (gin), and more. Offering cocktails for every academic occasion along with spirited, amusing commentary, The Faculty Lounge is the perfect gift for graduate students, tenure-track professors, and disillusioned administrators.

Philipp Stelzel is a specialist in post-World War II German, West European, and transatlantic political and intellectual history. After earning his PhD at the University of North Carolina, Stelzel taught at Duke University and Boston College before coming to Duquesne in 2014. His first book first book, History after Hitler: a Transatlantic Enterprise (University of Pennsylvania Press, 2018) analyzes the intellectual exchange between German and American historians of modern Germany from the end of World War II to the 1980s.

Michael G. Vann is a professor of world history at California State University, Sacramento. A specialist in imperialism and the Cold War in Southeast Asia, he is the author of The Great Hanoi Rat Hunt: Empires, Disease, and Modernity in French Colonial Vietnam (Oxford University Press, 2018). When he’s not reading or talking about new books with smart people, Mike can be found surfing in Santa Cruz, California.

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Ian Jones, "Using the Past: Authenticity, Reliability, and the Role of Archives in Barclays PLC's Use of the Past Strategies" (U Liverpool, 2021) Oct 17, 2023

Recent scholarship in organisation studies has begun to address how organisations perceive and use their history. However, how organisations preserve and access their history, and how this affects how they are able to use their history is less researched. This thesis investigates how Barclays Group Archives (BGA) contribute to Barclays PLC delivering its strategic objectives. It asks, how does BGA, as a specific unit of the organisation, facilitate the delivery of Barclays PLC's strategic objectives? The researcher was embedded in the archives, enabling the gathering of observational data on how BGA operate as well as a unique level of access to archival organisational records. These were used to target and gain access to Barclays PLC employees to conduct interviews to ascertain how they used BGA's resources and what benefits they felt BGA brought.

Using interviews, observation, and other qualitative research methods, Ian Jones introduces archival science theory to the study of how organisations can benefit from using their history, introducing the archival science ideas of authenticity, reliability, usability, and integrity to inform the research on organisational memory and use of the past strategies. The thesis focuses on the period between 2012 and 2015, a time when Barclays PLC made extensive use of their past in an attempt to manage and recover from the various scandals. It argues that BGA, and the archivists in particular, are integral to Barclays PLC's use of the past strategies, enabling Barclays PLC to bolster their claims to be returning to a historically 'authentic' corporate culture that would inform the organisation's strategies and behaviour going forward. Additionally, the archivists themselves act as the link between the information in the archives that forms part of Barclays PLC's organisational memory, enabling users to utilise this information and transforming the static memory held into the archives into dynamic memory that is then utilised by employees. The thesis highlights the importance of how organisations access the historical information that they use to inform their historical narratives, and the importance of the individuals that act as the link between those who are using the past in some way, and the repositories of historical information. The research findings presented in this thesis will be of interest to organisation studies scholars interested in how managers use history as well as to researchers who study corporate archives.

Winner of the Coleman Prize in 2022, this research tells of the potential uses of the past as a source of competitive advantage as well as document the relationship between the Corporate Archives and Head Office in a mayor, long-lived British bank.

This thesis is available open access here.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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AI, Post-Truth, and Cultural Transformation Oct 16, 2023

In this episode of International Horizons, RBI director John Torpey talks with economists Luciana Lazzaretti and Stefania Oliva of the University of Florence about the role of artificial intelligence in contemporary cultural transformation. The authors discuss the genesis of computer culture from the garages of California hippies who dreamed of a changed world and unexpectedly unleashed the forces of science and art for the sake of entrepreneurship. Moving forward, the authors discuss the nature of a “post-truth” world and how the many faces of reality can converge towards the truth. Finally, Lazaretti and Oliva address the need to foster critical thinking to cope with the threats posed by AI in terms of misinformation and disinformation.

International Horizons is a podcast of the Ralph Bunche Institute for International Studies that brings scholarly expertise to bear on our understanding of international issues. John Torpey, the host of the podcast and director of the Ralph Bunche Institute, holds conversations with prominent scholars and figures in state-of-the-art international issues in our weekly episodes.

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Branko Milanovic, "Visions of Inequality: From the French Revolution to the End of the Cold War" (Harvard UP, 2023) Oct 16, 2023

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place.

Visions of Inequality: From the French Revolution to the End of the Cold War(Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today.

Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies.

Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Vilja Hulden, "The Bosses' Union: How Employers Organized to Fight Labor Before the New Deal" (U Illinois Press, 2023) Oct 15, 2023

At the opening of the twentieth century, labor strife repeatedly racked the nation. Union organization and collective bargaining briefly looked like a promising avenue to stability. But both employers and many middle-class observers remained wary of unions exercising independent power.

In The Bosses' Union: How Employers Organized to Fight Labor Before the New Deal (U Illinois Press, 2023), Vilja Hulden reveals how this tension provided the opening for pro-business organizations to shift public attention from concerns about inequality and dangerous working conditions to a belief that unions trampled on an individual's right to work. Inventing the term closed shop, employers mounted what they called an open-shop campaign to undermine union demands that workers at unionized workplaces join the union. Employer organizations lobbied Congress to resist labor's proposals as tyrannical, brought court cases to taint labor's tactics as illegal, and influenced newspaper coverage of unions. While employers were not a monolith nor all-powerful, they generally agreed that unions were a nuisance. Employers successfully leveraged money and connections to create perceptions of organized labor that still echo in our discussions of worker rights.

Vilja Hulden is an historian of the United States and a teaching associate professor at the Department of History at the University of Colorado Boulder whose work focuses on social and labor history around the turn of the twentieth century.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Jana Randow and Alessandro Speciale, "Mario Draghi, the Craftsman: The True Story of the Man Who Saved the Euro" (Rizzoli, 2019) Oct 14, 2023

"Within our mandate, the [European Central Bank] is ready to do whatever it takes to preserve the euro. And believe me, it will be enough". With those three words delivered in London on 26 July 2012, Mario Draghi - the ECB's president from 2011-2019 - stopped a contagious collapse of Europe's common currency after just one decade.

Jana Randow and Alessandro Speciale write in Mario Draghi: The True Story of the Man Who Saved the Euro (Rizzoli, 2019): “So simple a phrase, delivered at the right time in front of the right audience, it will hang on as a warning to investors when Draghi is long gone that central bankers in Europe are ready to defend their currency against speculative attacks brought on by people not quite aware of their resolve".

Draghi, who went on to see Italy through the Covid pandemic as its prime minister from 2021-2022, has acquired mythical status. Who is he? What are the skills that allowed him to succeed where others may have failed? How did he manage the ECB's governing council in comparison to his French predecessor and successor?

Books from inside the ECB by Massimo Rostagno and Pedro Gustavo Teixeira have covered the policy-making history of the Draghi years but, so far, only Randow and Speciale have written a fly-on-the-wall account to match Bob Woodward's and David Wessel's books on the Federal Reserve. Jana Randow is Bloomberg’s senior European economics correspondent based in Frankfurt and Alessandro Speciale now heads Bloomberg's Zurich bureau after doing the same in Rome and working with Jana as ECB correspondent from 2013 until mid-2019.

*Jana's book recommendations are Rebel Radio: The Story of El Salvador's Radio Venceremos by José Ignacio López Vigil (Curbstone Press, 1995 - translated by Mark Fried) and Fabian, Die Geschichte eines Moralisten by Erich Kästner - first published in 1931 and translated by Cyrus Brooks as Going to the Dogs: The Story of a Moralist (NYRB Classics, 2013).

*Alessandro's book recommendations are The Magician by Colm Tóibín (Viking, 2021) and Magnificent Rebels: The First Romantics and the Invention of the Self by Andrea Wulf (John Murray, 2022).

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

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On The Fiscal Theory of the Price Level and Economic Growth Oct 13, 2023

John Cochrane, economist and senior fellow at the Hoover Institution at Stanford University, joins the podcast to discuss his career, his new book, The Fiscal Theory of the Price Level, about how inflation can be explained by fiscal and monetary policy, New Keynesian macroeconomic models, consumption-based asset pricing and institutional barriers to economic growth.

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Working Children: The Luxury and Complexity of Childhood in Lombok, Indonesia Oct 13, 2023

The International Labour Organization estimates that in Southeast Asia there are 30 million children engaged in paid work, 17 million in engaged in unpaid work and 50 million who don’t attend school. These figures can be a shock to people living in countries like Australia where childhood is typically a non-productive stage of life more readily associated with schooling and dependence on adults. What is the meaning of “childhood” in contexts of adversity where if you don’t work as a child, you and your family won’t survive? What does it mean where to attend school is to place your family in a precarious financial situation? To discuss these questions is Dr Maria Amigó, senior lecturer at the University of Sydney. Maria is a social anthropologist and has studied children and childhood in contexts of adversity for over 20 years.

Amigó is the author of Children Chasing Money: Children's Work in Rural Lombok, Indonesia (VDM, 2010).

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On The History of Occupational Licensing in the U.S. Oct 12, 2023

Morris Kleiner, the AFL-CIO Chair in Labor Policy at the Humphrey School of Public Affairs at the University of Minnesota and arguably the world's leading authority on occupational licensing, joins the podcast to discuss how he became an economist, the origins of occupational licensing in the 19th and 20th centuries, how since WW2 it's become a major barrier to economic opportunity in the U.S., and how there is some hope for a growing tide of policy initiatives in the early 21st century seeking to relax occupational licensing regulations.

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Quantitative Investing, Inflation and the Macroeconomy Oct 11, 2023

Jon Hartley interviewed Rob Arnott, founder and chairman of Research Affiliates, at the Economic Club of Miami on December 3, 2022. Topics discussed include the recent rise of inflation, macroeconomics, capital market returns, value versus growth stocks, factor timing, and index investing among many other topics.

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Applying Chicago Price Theory In Academia and Government Oct 09, 2023

Casey Mulligan, Professor in Economics and the College at the University of Chicago, joins the podcast to discuss how he got interested in becoming an economist from his days as an undergraduate at Harvard in Martin Feldstein's Ec10 class, being an economics graduate student and professor at the University of Chicago teaching the Chicago Price Theory approach, his experience working in the Trump Council of Economic Advisors (CEA), and the long-term influence of University of Chicago economics figures like Milton Friedman, Gary Becker, and George Stigler.

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Rachel O'Dwyer, "Tokens: The Future of Money in the Age of the Platform" (Verso, 2023) Oct 08, 2023

Platform capitalism is coming for the money in your pocket. Wherever you look, money is being re-placed by tokens. Digital platforms are issuing new kinds of money-like things: phone credit, shares, gift vouchers, game tokens, customer data--the list goes on. But what does it mean when online platforms become the new banks? What new types of control and discrimination emerge when money is tied to specific apps or actions, politics or identities?

Tokens opens up this new and expanding world. Exploring the history of extra-monetary economies, Rachel O'Dwyer shows that private and grassroots tokens have always haunted the real economy. But as the large tech platforms issue new money-like instruments, tokens are suddenly everywhere. Amazon's Turk workers are getting paid in gift cards. Online streamers trade in wishlists. Foreign remittances are sent via phone credit. Bitcoin, gift cards, NFTs, customer data, and game tokens are the new money in an evolving economy. It is a development challenging the balance of power between online empires and the state. Tokens may offer a flexible even subversive route to compensation. But for the platforms themselves they can be a means of amassing frightening new powers. An essential read for anyone concerned with digital money, inequality, and the future of the economy.

Long-listed by the Financial Times' Best Business Books of 2023 even before publication, Rochel O'Dower's Tokens: The Future of Money in the Age of the Platform(Verso, 2023) tackles the proliferation of alternatives to central bank-issued money through an enagaging and easy-to-access narrative.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Long-term Housing Market Trends and Urban Policy Oct 07, 2023

Salim Furth (Senior Research Fellow and and Director of the Urbanity project, Mercatus Center) joins the podcast to discuss his background as a macroeconomist turned urban economist and a variety of topics in long-term housing market trends and urban policy, including zoning, LIHTC, rent control, and institutional investor single family rentals, some of which we argue are shaping macro trends in home prices.

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Daniel Satinsky, "Creating the Post-Soviet Russian Market Economy: Through American Eyes" (Routledge, 2023) Oct 06, 2023

Creating the Post-Soviet Russian Market Economy: Through American Eyes (Routledge, 2023) captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia.

Daniel Satinsky, J.D., M.A.L.D., Consultant, Author, and Associate of Davis Center for Russian and Eurasian Studies at Harvard University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies Oct 05, 2023

Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed.

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Maxine Berg and Pat Hudson, "Slavery, Capitalism and the Industrial Revolution" (Polity, 2023) Oct 04, 2023

In their remarkable new book Slavery, Capitalism, and the Industrial Revolution (Polity, 2023), Professor Maxine Berg and Professor Pat Hudson “follow the money” to document in revealing detail the role of slavery in the making of Britain’s industrial revolution. Slavery was not just a source of wealth for a narrow circle of slave owners who built grand country houses and filled them with luxuries. The forces set in motion by the slave and plantation trades seeped into almost every aspect of the economy and society.

In textile mills, iron and copper smelting, steam power, and financial institutions, slavery played a crucial part. Things we might think far removed from the taint of slavery, like 18th century fashions for indigo- patterned cloth, sweet tea, snuff boxes, mahogany furniture, ceramics and silverware, were intimately connected. Even London’s role as a centre for global finance was partly determined by the slave trade as insurance, financial trading and mortgage markets were developed in the City to promote distant and risky investments in enslaved people.

The result is a bold and unflinching account of how Britain became a global superpower, and how the legacy of slavery persists. Acknowledging Britain’s role in slavery is not just about toppling statues and renaming streets. We urgently need to come to terms with slavery’s inextricable links with Western capitalism, and the ways in which many of us continue to benefit from slavery to this day.

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

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IMF Central Bank Technical Assistance and the International Monetary System Oct 03, 2023

Milton Friedman student and University of Chicago-trained monetary economist Warren Coats (Johns Hopkins fellow, former IMF economist and central bank advisor to over 20 countries) speaks about his beginnings as an economist as PhD student of Milton Friedman's at the University of Chicago, his 30 year career at the IMF leading central bank technical assistance developing currencies and monetary policy in countries ranging from post-USSR Eastern Europe, post-conflict Bosnia and Kosovo in the 1990s as well as Afghanistan and Iraq in the 2000s following regime change. We also discuss the future of SDRs and the US dollar as a reserve currency in the International Monetary System along with Warren's experience as chief of the IMF SDR division.

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40 Years Since Milton Friedman‘s ‘Free To Choose‘ Oct 02, 2023

It's been 40 years since Milton Friedman's famous ten-part television series 'Free To Choose' was broadcast on PBS. Rob Chatfield, President and CEO of the Free To Choose Network (FTCN), speaks to us about the legacy of the original series as well as the variety of new FTCN media programs that continue to promote the ideas of Milton Friedman.

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Twenty Years After “The New Economy”: A Conversation with Doug Henwood Oct 02, 2023

Economic journalist and broadcaster Doug Henwood revisits his 2003 book, After the New Economy (New Press), with Peoples & Things host, Lee Vinsel. “The New Economy” was a catchphrase that became extremely popular with economists, politicians, pundits, and many others during Bill Clinton’s presidency. The phrase was thought to describe a new economic reality rooted in information and computing technologies that would give rise to an extended period of abundance and prosperity that Clinton compared to the industrial revolution. But the phrase became unpopular after the dot com bust of 2000-2002, which also marked the end of the 1990s economic expansion. Henwood and Vinsel discuss Henwood’s long career as an economic journalist and how he came to write the book as well as how studying “the New Economy” makes the technology bubbles of the 2010s feel like deja vu.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019.

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Kevin F. Adler and Donald W. Burnes, "When We Walk By: Forgotten Humanity, Broken Systems, and the Role We Can Each Play in Ending Homelessness in America" (North Atlantic Books, 2023) Oct 01, 2023

Think about the last time that you saw or interacted with an unhoused person. What did you do? What did you say? Did you offer money or a smile, or did you avert your gaze?

When We Walk By: Forgotten Humanity, Broken Systems, and the Role We Can Each Play in Ending Homelessness in America(North Atlantic Books, 2023) takes an urgent look at homelessness in America, showing us what we lose—in ourselves and as a society—when we choose to walk past and ignore our neighbors in shelters, insecure housing, or on the streets. And it brilliantly shows what we stand to gain when we embrace our humanity and move toward evidence-based people-first, community-driven solutions, offering social analysis, economic and political histories, and the real stories of unhoused people. Authors Kevin F. Adler and Donald W. Burnes, with Amanda Banh and Andrijana Bilbija, recast chronic homelessness in the U.S. as a byproduct of twin crises: our social services systems are failing, and so is our humanity. A necessary, deeply humanizing read that goes beyond theory and policy analysis to offer engaged solutions with compassion and heart, When We Walk By is a must-read for anyone who cares about homelessness, housing solutions, and their own humanity.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Daniel R. Reichman, "Progress in the Balance: Mythologies of Development in Santos, Brazil" (Cornell UP, 2023) Sep 30, 2023

Progress and development have long been important issues in anthropology and social sciences. Based on extensive archives and ethnographic fieldwork, Progress in the Balance: Mythologies of Development in Santos, Brazil (Cornell UP, 2023)addresses and assesses an anthropological theory of progress. Daniel Reichman documents and explains the contested meanings of progress, and reveals how this concept is deeply embedded in Brazil’s histories and socio-cultural contexts. Further, he investigates how any society can separate “progress” from plain old change and, if changes are constantly happening all around us, how and why certain events get lifted out of a normal timeframe and into a mythic narrative of progress.

Each chapter in the book outlines a particular episode in Santos, a city undergoing an unprecedented period of economic and political turmoil, as it is represented in public culture, mainly through museums, monuments, art, sports, and public events. Drawing on narrative stories and the anthropology of myth, Reichman proposes a model that he refers to as a “clash of timescapes.” Progress in the Balance shows how the concept of “progress” requires a different temporal structure that separates sacralized social change from mundane historical events, offering analysts a new framework of understanding progress and development.

Daniel R. Reichman is Professor of Anthropology at the University of Rochester. His research focuses on cultural responses to economic change, especially the anthropology of trade and globalization in Latin America. He is the author of The Broken Village: Coffee, Migration, and Globalization in Honduras, which was awarded 3rd prize in the 2012 Victor Turner Prize in Ethnographic Writing.

Yadong Li is a PhD student in socio-cultural anthropology at Tulane University. He conducts ethnography among ufologists in China. His research interests lie at the intersection of the anthropology of the supernatural, hope studies, and post-structural philosophy (hauntology). More details about his scholarship and research interests can be found here. Anyone interested in his research can contact him at yli88@tulane.edu.

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Globalisation and Glocalisation of Bubble Tea Sep 29, 2023

Bubble tea, also known as pearl milk tea, boba or tapioca milk tea is a popular drink in Asia. Wherever there is Asian diaspora, such as in the USA, one can find bubble tea as well. Bubble tea is becoming increasingly visible even in European countries where there are relatively smaller Asian communities compared with the situation in the USA. One can find various versions of bubble tea in urban areas such as Helsinki, Vienna, and London.

In this episode, Julie Yu-Wen Chen (University of Helsinki) talks to Stella Zhang about her doctoral research at the Faculty of Social Sciences at the University of Helsinki. Stella is interested in the globalisation of food, East-Asian migration and youth culture. Her work investigates how Asia-originated bubble tea, and the wider culture surrounding it, is developing in greater Helsinki, why is it taking off, which sorts of people are involved, how bubble tea is altered – practically and symbolically – as it is made to work in the Helsinki context, and what the implications may be for wider Finnish cultural life.

Julie Yu-Wen Chen is Professor of Chinese Studies at the Department of Cultures at the University of Helsinki (Finland). Dr. Chen serves as one of the editors of the Journal of Chinese Political Science (Springer, SSCI). Formerly, she was chair of Nordic Association of China Studies (NACS) and Editor-in-Chief of Asian Ethnicity (Taylor & Francis). You can find her on University of Helsinki Chinese Studies’ website, Youtube, and her personal Twitter.

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Christian Krohn-Hansen, "Jobless Growth in the Dominican Republic: Disorganization, Precarity, and Livelihoods" (Stanford UP, 2022) Sep 29, 2023

The Dominican Republic has posted impressive economic growth rates over the past thirty years. Despite this, the generation of new, good jobs has been remarkably weak. How have ordinary and poor Dominicans worked and lived in the shadow of the country's conspicuous growth rates?Jobless Growth in the Dominican Republic: Disorganization, Precarity, and Livelihoods (Stanford UP, 2022) considers this question through an ethnographic exploration of the popular economy in the Dominican capital. Focusing on the city's precarious small businesses, including furniture manufacturers, food stalls, street-corner stores, and savings and credit cooperatives, Krohn-Hansen shows how people make a living, tackle market shifts, and the factors that characterize their relationship to the state and pervasive corruption.

Empirically grounded, this book examines the condition of the urban masses in Santo Domingo, offering an original and captivating contribution to the scholarship on popular economic practices, urban changes, and today's Latin America and the Caribbean. This will be essential reading for scholars and policy makers.

Alex Diamond is Assistant Professor of sociology at Oklahoma State University.

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Kashmir Hill, "Your Face Belongs to Us: A Secretive Startup's Quest to End Privacy as We Know It" (Random House, 2023) Sep 28, 2023

New York Times tech reporter Kashmir Hill was skeptical when she got a tip about a mysterious app called Clearview AI that claimed it could, with 99 percent accuracy, identify anyone based on just one snapshot of their face. The app could supposedly scan a face and, in just seconds, surface every detail of a person’s online life: their name, social media profiles, friends and family members, home address, and photos that they might not have even known existed. If it was everything it claimed to be, it would be the ultimate surveillance tool, and it would open the door to everything from stalking to totalitarian state control. Could it be true?

In this riveting account, Hill tracks the improbable rise of Clearview AI, helmed by Hoan Ton-That, an Australian computer engineer, and Richard Schwartz, a former Rudy Giuliani advisor, and its astounding collection of billions of faces from the internet. The company was boosted by a cast of controversial characters, including conservative provocateur Charles C. Johnson and billionaire Donald Trump backer Peter Thiel—who all seemed eager to release this society-altering technology on the public. Google and Facebook decided that a tool to identify strangers was too radical to release, but Clearview forged ahead, sharing the app with private investors, pitching it to businesses, and offering it to thousands of law enforcement agencies around the world.

Facial recognition technology has been quietly growing more powerful for decades. This technology has already been used in wrongful arrests in the United States. Unregulated, it could expand the reach of policing, as it has in China and Russia, to a terrifying, dystopian level.

Your Face Belongs to Us: A Secretive Startup's Quest to End Privacy as We Know It(Random House, 2023) is a gripping true story about the rise of a technological superpower and an urgent warning that, in the absence of vigilance and government regulation, Clearview AI is one of many new technologies that challenge what Supreme Court Justice Louis Brandeis once called “the right to be let alone.”

Jake Chanenson is a computer science Ph.D. student at the University of Chicago. Broadly, Jake is interested in topics relating to HCI, privacy, and tech policy. Jake’s work has been published in top venues such as ACM’s CHI Conference on Human Factors in Computing Systems.

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Aditi Surie and Ursula Huws, "Platformization and Informality: Pathways of Change, Alteration, and Transformation" (Palgrave MacMillan, 2023) Sep 27, 2023

In Platformization and Informality: Pathways of Change, Alteration, and Transformation (Palgrave MacMillan, 2023), scholars from Mumbai, Bengaluru, Jakarta, Cape Town, Sao Paulo and other cities of the global South explore the complex relationship between platformization and informality through a different lens. Drawing on extensive theoretical, quantitative and qualitative scholarship, they provide both a useful overview and insights into the lived realities of gig work for platforms covering a range of skills, working conditions, and forms of algorithmic management. Platform work has attracted considerable attention from scholars in the global North, who have tended to view it as a form of casualisation of work that was previously regulated. But what about the global South, where most employment, especially that of women and migrant workers was historically already informal?

Beyond a focus on livelihoods, employment, and work, the authors show how labour platforms take on powers that bring about broader impacts, including those affecting identity and personal wellbeing. They also illustrate the impact of platformization on the governance of affected sectors by public agencies, thus affecting political power, and how public data infrastructures contribute to further platformization. The purpose of this pioneering work is to lay bare these interactions to then rebuild our understanding of platformization and its social, political, cultural and economic impacts. Its insights are attentive to gender and ethnic differences, as well as geographical ones.

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Lee Mcguigan, "Selling the American People: Advertising, Optimization, and the Origins of Adtech" (MIT Press, 2023) Sep 26, 2023

How marketers learned to dream of optimization and speak in the idiom of management science well before the widespread use of the Internet.

Algorithms, data extraction, digital marketers monetizing "eyeballs": these all seem like such recent features of our lives. And yet, Lee McGuigan tells us in this eye-opening book, digital advertising was well underway before the widespread use of the Internet. Explaining how marketers have brandished the tools of automation and management science to exploit new profit opportunities, Selling the American People: Advertising, Optimization, and the Origins of Adtech (MIT Press, 2023) traces data-driven surveillance all the way back to the 1950s, when the computerization of the advertising business began to blend science, technology, and calculative cultures in an ideology of optimization. With that ideology came adtech, a major infrastructure of digital capitalism.

To help make sense of today's attention merchants and choice architects, McGuigan explores a few key questions: How did technical experts working at the intersection of data processing and management sciences come to command the center of gravity in the advertising and media industries? How did their ambition to remake marketing through mathematical optimization shape and reflect developments in digital technology? In short, where did adtech come from, and how did data-driven marketing come to mediate the daily encounters of people, products, and public spheres? His answers show how the advertising industry's efforts to bend information technologies toward its dream of efficiency and rational management helped to make "surveillance capitalism" one of the defining experiences of public life.

Blyss Cleveland is a PhD candidate in sociology at Stanford University.

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Kristin Surak, "The Golden Passport: Global Mobility for Millionaires" (Harvard UP, 2023) Sep 24, 2023

Our lives are in countless ways defined by our citizenship. The country we belong to affects our rights, our travel possibilities, and ultimately our chances in life. Obtaining a new citizenship is rarely easy. But for those with the means—billionaires like Peter Thiel and Jho Low, but also countless unknown multimillionaires—it’s just a question of price.

As discussed in The Golden Passport: Global Mobility for Millionaires (Harvard University Press, 2023) more than a dozen countries, many of them small islands in the Mediterranean, Caribbean, and South Pacific, sell citizenship to 50,000 people annually. Through six years of fieldwork on four continents, Dr. Kristin Surak discovered how the initially dubious sale of passports has transformed into a full-blown citizenship industry that thrives on global inequalities. Some “investor citizens” hope to parlay their new passport into visa-free travel—or use it as a stepping stone to residence in countries like the United States. Other buyers take out a new citizenship as an insurance policy or to escape state control at home. Almost none, though, intend to move to their selected country and live among their new compatriots, whose relationship with these global elites is complex.

A groundbreaking study of a contentious practice that has become popular among the nouveaux riches, The Golden Passport takes readers from the details of the application process to the geopolitical hydraulics of the citizenship industry. It’s a business that thrives on uncertainty and imbalances of power between big, globalized economies and tiny states desperate for investment. In between are the fascinating stories of buyers, brokers, and sellers, all ready to profit from the citizenship trade.

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

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Todd E. Vachon, "Clean Air and Good Jobs: U.S. Labor and the Struggle for Climate Justice" (Temple UP, 2023) Sep 22, 2023

The labor–climate movement in the U.S. laid the groundwork for the Green New Deal by building a base within labor for supporting climate protection as a vehicle for good jobs. But as we confront the climate crisis and seek environmental justice, a “jobs vs. environment” discourse often pits workers against climate activists. How can we make a “just transition” moving away from fossil fuels, while also compensating for the human cost when jobs are lost or displaced?

In his book, Clean Air and Good Jobs: U.S. Labor and the Struggle for Climate Justice (Temple University Press, 2023), Todd Vachon examines the labor–climate movement and demonstrates what can be envisioned and accomplished when climate justice is on labor’s agenda and unions work together with other social movements to formulate bold solutions to the climate crisis.

Todd Vachon is Assistant Professor of Labor Studies and Employment Relations and Director of the Labor Education Action Research Network at Rutgers University

Schneur Zalman Newfield is an Associate Professor of Sociology and Jewish Studies at Hunter College, City University of New York, and the author of Degrees of Separation: Identity Formation While Leaving Ultra-Orthodox Judaism (Temple University Press, 2020). Visit him online at ZalmanNewfield.com.

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Global Inequality: Are We Really Measuring What We Should Be Measuring? Sep 18, 2023

In this episode of International Horizons, RBI director John Torpey interviewed Jayati Ghosh, professor of economics at the University of Massachusetts at Amherst, about different debates surrounding inequality. Ghosh criticizes the flaws in some inequality indicators that are focusing only on measuring how the poor are doing and not on how the rich are getting richer, or other indicators that exaggerate the performance of the poorest vis-a-vis the richest. Other indicators such as nutrition are misleading, she argues, because governments are focusing on what people are eating and not on the outcomes such as body mass index, anemia or diabetes. Moreover, some governments are using statistical legerdemain to enhance their apparent performance. Finally, Professor Ghosh discusses her research on the COVID pandemic and the way pharmaceutical companies deliberately slowed down the process of spreading the vaccine for their own gain. She argues that COVID revealed and accentuated massive inequalities between countries of the Global North and Global South and that the recent increase in grain prices was not caused by the war on Ukraine but by the ability of global agribusiness to manipulate prices.

International Horizons is a podcast of the Ralph Bunche Institute for International Studies that brings scholarly expertise to bear on our understanding of international issues. John Torpey, the host of the podcast and director of the Ralph Bunche Institute, holds conversations with prominent scholars and figures in state-of-the-art international issues in our weekly episodes.

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Luke Messac, "Your Money Or Your Life: Debt Collection in American Medicine" (Oxford UP, 2023) Sep 17, 2023

A riveting exposé of medical debt collection in America -- and the profound financial and physical costs eroding patient trust in medicine For the crime of falling sick without wealth, Americans today face lawsuits, wage garnishment, home foreclosure, and even jail time. Yet who really profits from aggressive medical debt collection? And how does this predatory system affect patients and doctors responsible for their care?

Your Money Or Your Life: Debt Collection in American Medicine (Oxford UP, 2023) reveals how medical debt collection became a multibillion-dollar industry and how everyday Americans are made to pay the price. Emergency physician and historian Luke Messac weaves patient stories into a history of law, finance, and medicine to show how debt and debt collection are destroying the foundational trust between doctors and patients at the heart of American healthcare. The fight to stop aggressive collection tactics has brought together people from all corners of the political spectrum. But if we want to better protect the sick from financial ruin, we have to understand how we got here. With wit and clarity, Your Money or Your Life asks us all to rethink the purpose of our modern healthcare system and consider whom it truly serves.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Katie J. Wells et al., "Disrupting D.C.: The Rise of Uber and the Fall of the City" (Princeton UP, 2023) Sep 16, 2023

The first city to fight back against Uber, Washington, D.C., was also the first city where such resistance was defeated. It was here that the company created a playbook for how to deal with intransigent regulators and to win in the realm of local politics. The city already serves as the nation’s capital. Now, D.C. is also the blueprint for how Uber conquered cities around the world—and explains why so many embraced the company with open arms.

Drawing on interviews with gig workers, policymakers, Uber lobbyists, and community organizers, Disrupting D.C.: The Rise of Uber and the Fall of a City (Princeton University Press, 2023) demonstrates that many share the blame for lowering the nation’s hopes and dreams for what its cities could be. In a sea of broken transit, underemployment, and racial polarization, Uber offered a lifeline. But at what cost?

This is not the story of one company and one city. Instead, Disrupting D.C. offers a 360-degree view of an urban America in crisis. Uber arrived promising a new future for workers, residents, policymakers, and others. Ultimately, Uber’s success and growth was never a sign of urban strength or innovation but a sign of urban weakness and low expectations about what city politics can achieve. Understanding why Uber rose reveals just how far the rest of us have fallen.

Katie J. Wells is a postdoctoral fellow at Georgetown University. Twitter. Website.
Kafui Attoh is associate professor of urban studies at the School of Labor and Urban Studies at the City University of New York. Twitter. Website.
Declan Cullen is assistant professor of geography at George Washington University. Website.

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

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Development and Migration in Contemporary Asia Sep 15, 2023

Is migration good or bad for development? How does migration affect those who leave and those who stay behind? How are rural and urban livelihoods interconnected in Asian cities? What are the likely main migration trends in Asia the coming decade? And what can you learn from studying the same village for decades?

To discuss these diverse questions, we are joined by two leading experts on development and migration in Asia, Jonathan Rigg and Marta Bivand Erdal. Drawing on extensive experience working in South and Southeast Asia, they discuss complex questions of leaving and staying in contemporary Asia, how to study migration processes and how context matters for understanding the impact of migration.

Professor Jonathan Rigg is Chair in Human Geography at the University of Bristol. He has decades of experience working on development and migration in South and Southeast Asia, focusing on issues such as rural-urban relations, livelihoods, coping and resilience, hazards and disasters and, more broadly, rural development. In 2020, he was awarded the prestigious Victoria Medal from the Royal Geographical Society for his work.

Marta Bivand Erdal is Research Professor at the Peace Research Institute in Oslo. She has done extensive research on migration processes in South Asia, as well as Norway and Poland, combining research on migration processes and transnational ties, with research on living together in culturally and religiously diverse societies. She currently leads the the ERC-funded Project ‘Migration rhythms in trajectories of upward social mobility in Asia’, studying migration and the formation of new middle classes in Karachi, Mumbai, Hanoi and Manilla.

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Zachary Parolin, "Poverty in the Pandemic: Policy Lessons from COVID-19" (Russell Sage Foundation, 2023) Sep 15, 2023

Zachary Parolin's book Poverty in the Pandemic: Policy Lessons from COVID-19(Russell Sage Foundation, 2023) is interested in poverty during the COVID-19 pandemic in the U.S., as well as what the pandemic teaches us about how to think about poverty, and policies designed to reduce it, well after the pandemic subsides. Four main questions guide the book's focus. First, how did poverty influence the consequences of the COVID-19 pandemic? Second, what was the role of government income support in reducing poverty during the pandemic? Third, what lessons does the COVID-19 pandemic offer for the way we measure and conceptualize poverty in the U.S.? And fourth, what policy lessons should we take from the pandemic for efforts to improve the economic well-being of households in the future? In answering these four questions, this book not only provides a comprehensive, descriptive portrait of policy and poverty outcomes during the pandemic but also identifies policy takeaways for improving economic opportunity beyond it.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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A Better Way to Buy Books Sep 12, 2023

Bookshop.org is an online book retailer that donates more than 80% of its profits to independent bookstores. Launched in 2020, Bookshop.org has already raised more than $27,000,000. In this interview, Andy Hunter, founder and CEO discusses his journey to creating one of the most revolutionary new organizations in the book world. Bookshop has found a way to retain the convenience of online book shopping while also supporting independent bookstores that are the backbones of many local communities.

Andy Hunter is CEO and Founder of Bookshop.org. He also co-created Literary Hub.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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William Darity et al., "The Black Reparations Project: A Handbook for Racial Justice" (U California Press, 2023) Sep 12, 2023

A surge in interest in black reparations is taking place in America on a scale not seen since the Reconstruction Era. The Black Reparations Project: A Handbook for Racial Justice(U California Press, 2023) gathers an accomplished interdisciplinary team of scholars--members of the Reparations Planning Committee--who have considered the issues pertinent to making reparations happen. This book will be an essential resource in the national conversation going forward.

The first section of The Black Reparations Project crystallizes the rationale for reparations, cataloguing centuries of racial repression, discrimination, violence, mass incarceration, and the immense black-white wealth gap. Drawing on the contributors' expertise in economics, history, law, public policy, public health, and education, the second section unfurls direct guidance for building and implementing a reparations program, including draft legislation that addresses how the program should be financed and how claimants can be identified and compensated. Rigorous and comprehensive, The Black Reparations Project will motivate, guide, and speed the final leg of the journey for justice.

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Inequality as a Leading Cross-Cutting Development Issue: Indonesia and Beyond Sep 11, 2023

Inequality has always been key to understanding Indonesia’s development. But this is a multidimensional issue, and one that has manifested in vastly different ways in Indonesia over the years: from low and stable inequality, to the aspiration to inequality, to the relationship between inequality and collective violence. The way we understand inequality is contingent on what objects (of inequality) we are looking at, how it is conceptualised, and how it is measured.

Zulfan Tadjoeddin, Associate Professor in Development Studies at Western Sydney University (WSU) shares the thinking he has on these issues. Inequality has been central to Zulfan’s research on political economy of development, about which he has published two books.

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Peter Foster, "What Went Wrong with Brexit? And What We Can Do about It" (Canongate, 2023) Sep 07, 2023

It’s been over three years since the UK withdrew from the EU and no one – not even the most ardent Brexiter – thinks it has gone well so far. Defending the cause after yet another summertime setback, the best Matthew Lesh from the Institute of Economic Affairs could offer was: “Brexit simply means that British representatives can make … choices, not that they must point in any particular direction”.

Ever since the British voted to leave the EU in 2016, millions of words have been written for and against the process but Peter Foster’s What Went Wrong With Brexit: And What We Can Do About (Canongate Books, 2023) is the first book to assess the deep economic scars left by Brexit and provide politically realistic palliatives. He writes: "There is little mileage in relitigating the history of Brexit - as the saying goes, 'we are where we are' - but that does not mean accepting that the UK has to remain in its current state of Brexit purgatory".

Since 2020, Peter Foster has been the Financial Times's public policy editor and writer of its Britain After Brexit newsletter. Before that, he was a longtime reporter for The Telegraph - working in New Delhi, Beijing, Washington and as Europe Editor between 2015 and 2020. During this critical five-year period, he became – along with RTÉ’s Tony Connelly – the indispensable Brexit reporter, breaking stories, explaining this intricate and unprecedented divorce, and building huge Twitter followings.

*The author's own book recommendations are The Light that Failed: A Reckoning by Ivan Krastev and Stephen Holmes (Allen Lane, 2019) and The Road by Cormac McCarthy (Picador, 2006).

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

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Al Davidoff, "Unionizing the Ivory Tower: Cornell Workers' Fifteen-Year Fight for Justice and a Living Wage" (ILR Press, 2023) Sep 04, 2023

Unionizing the Ivory Tower: Cornell Workers' Fifteen-Year Fight for Justice and a Living Wage(ILR Press, 2023) chronicles how a thousand low-paid custodians, cooks, and gardeners succeeded in organizing a union at Cornell University. Al Davidoff, the Cornell student leader who became a custodian and the union's first president, tells the extraordinary story of these ordinary workers with passion, sensitivity, and wit.

His memoir reveals how they took on the dominant power in the community, built a strong organization, and waged multiple strikes and campaigns for livable wages and their dignity. Their strategies and tactics were creative and feisty, founded on worker participation and ownership.

The union's commitment to fairness, equity, and economic justice also engaged these workers—mostly rural, white, and conservative—at the intersections of racism, sexism, classism, and homophobia. Davidoff's story demonstrates how a fighting union can activate today's working class to oppose antidemocratic and white supremacist forces.

Al Davidoff is co-founder of the National Labor Leadership Initiative and the Director of Organizational and Leadership Development for US labor's global arm at the Solidarity Center.

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Ari Ezra Waldman, "Industry Unbound: The Inside Story of Privacy, Data, and Corporate Power" (Cambridge UP, 2021) Sep 02, 2023

In Industry Unbound: The Inside Story of Privacy, Data, and Corporate Power (Cambridge UP, 2021), Ari Ezra Waldman exposes precisely how the tech industry conducts its ongoing crusade to undermine our privacy. With research based on interviews with scores of tech employees and internal documents outlining corporate strategies, Waldman reveals that companies don't just lobby against privacy law; they also manipulate how we think about privacy, how their employees approach their work, and how they weaken the law to make data-extractive products the norm. In contrast to those who claim that privacy law is getting stronger, Waldman shows why recent shifts in privacy law are precisely the kinds of changes that corporations want and how even those who think of themselves as privacy advocates often unwittingly facilitate corporate malfeasance. This powerful account should be read by anyone who wants to understand why privacy laws are not working and how corporations trap us into giving up our personal information.

Jake Chanenson is a computer science Ph.D. student at the University of Chicago and an AY23-24 affiliate at the Center for Information, Technology, and Public Life (CITAP). Broadly, Jake is interested in topics relating to HCI, privacy, and tech policy. Jake’s work has been published in top venues such as ACM’s CHI Conference on Human Factors in Computing Systems.

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Kathryn J. Edin et al., "The Injustice of Place: Uncovering the Legacy of Poverty in America" (Mariner Books, 2023) Sep 01, 2023

A sweeping and surprising new understanding of extreme poverty in America from the authors of the acclaimed $2.00 a Day: Living on Almost Nothing in America.

Three of the nation’s top scholars – known for tackling key mysteries about poverty in America – turn their attention from the country’s poorest people to its poorest places. Based on a fresh, data-driven approach, they discover that America’s most disadvantaged communities are not the big cities that get the most notice. Instead, nearly all are rural. Little if any attention has been paid to these places or to the people who make their lives there.

This revelation set in motion a five-year journey across Appalachia, the Cotton and Tobacco Belts of the Deep South, and South Texas. Immersing themselves in these communities, pouring over centuries of local history, attending parades and festivals, the authors trace the legacies of the deepest poverty in America—including inequalities shaping people’s health, livelihoods, and upward social mobility for families. Wrung dry by powerful forces and corrupt government officials, the “internal colonies” in these regions were exploited for their resources and then left to collapse. The unfolding revelation in The Injustice of Place: Uncovering the Legacy of Poverty in America (Mariner Books, 2023) is not about what sets these places apart, but about what they have in common—a history of raw, intensive resource extraction and human exploitation. This history and its reverberations demand a reckoning and a commitment to wage a new War on Poverty, with the unrelenting focus on our nation’s places of deepest need.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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The Ideology of Entrepreneurship: A Conversation with Robert Eberhart Aug 28, 2023

Robert Eberhart, Associate Professor of Management and Faculty Director of International Business at the University of San Diego, talks about his work on the ideology of entrepreneurship with Peoples & Things host, Lee Vinsel. Eberhart's work is partly motivated by his own work as a businessman and successful entrepreneur and finding that academic publications from business schools significantly diverged from his and others' experiences in actual businesses. Eberhart and Vinsel also talk about how Eberhart has drawn together teams of researchers, including at the Reversing the Arrow conference, to study the ideological dimensions of entrepreneurship and how it has spread around the globe.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019.

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Corina Rodríguez Enríquez and Masaya Llavaneras Blanco, "Corporate Capture of Development: Public-Private Partnerships, Women’s Human Rights, and Global Resistance" (Bloomsbury, 2023) Aug 23, 2023

Public-Private Partnerships (PPPs) have gained a renewed momentum in recent years, and have come to be viewed by governments and funders alike as a silver bullet for infrastructure development and public service provision. Critiques of the corporate capture of development are well established, yet until now the urgent question of the impacts of PPPs on women's human rights around the world has remained under-explored.

Corina Rodríguez Enríquez and Masaya Llavaneras Blanco's book Corporate Capture of Development: Public-Private Partnerships, Women’s Human Rights, and Global Resistance (Bloomsbury, 2023) aims to fill the gap, providing new insights from a set of case studies from across the Global South. Bringing an intersectional feminist approach to PPPs, these cases enable analysis that can inform advocacy and activism, whilst challenging dominant narratives and resisting the negative impacts of PPPs on women and historically marginalized communities' human rights. Widely advocating for stronger regulatory frameworks and institutions, and indicating how changes could be implemented, the examples analysed cover a range of sectors including health, energy, and infrastructure from countries including Ethiopia, Peru, India and Fiji.

The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence here. Open access was funded by Development Alternatives with Women for a New Era (DAWN).

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Lyndsie Bourgon, "Tree Thieves: Crime and Survival in North America's Woods" (Little, Brown Spark, 2023) Aug 22, 2023

In Tree Thieves: Crime and Survival in North America's Woods(Little, Brown Spark, 2022), Lyndsie Bourgon takes us deep into the underbelly of the illegal timber market. As she traces three timber poaching cases, she introduces us to tree poachers, law enforcement, forensic wood specialists, the enigmatic residents of former logging communities, environmental activists, international timber cartels, and indigenous communities along the way.

Old-growth trees are invaluable and irreplaceable for both humans and wildlife, and are the oldest living things on earth. But the morality of tree poaching is not as simple as we might think: stealing trees is a form of deeply rooted protest, and a side effect of environmental preservation and protection that doesn't include communities that have been uprooted or marginalized when park boundaries are drawn. As Bourgon discovers, failing to include working class and rural communities in the preservation of these awe-inducing ecosystems can lead to catastrophic results.

Featuring excellent investigative reporting, fascinating characters, logging history, political analysis, and cutting-edge tree science, Tree Thieves takes readers on a thrilling journey into the intrigue, crime, and incredible complexity sheltered under the forest canopy.

Lyndsie Bourgon is a writer, oral historian, and 2018 National Geographic Explorer based in British Columbia. She writes about the environment and its entanglement with history, culture, and identity. Her features have been published in The Atlantic, Smithsonian, the Guardian, the Oxford American, Aeon, The Walrus, and Hazlitt, among other outlets. Twitter. Website.

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

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Liran Einav and Amy Finkelstein, "We've Got You Covered: Rebooting American Health Care" (Penguin, 2023) Aug 21, 2023

Few of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point.

As the Stanford health economist Liran Einav and the MIT economist and MacArthur Genius Amy Finkelstein argue, our health care system was never deliberately designed, but rather pieced together to deal with issues as they became politically relevant. The result is a sprawling yet arbitrary and inadequate mess. It has left 30 million Americans without formal insurance. Many of the rest live in constant danger of losing their coverage if they lose their job, give birth, get older, get healthier, get richer, or move.

It's time to tear it all down and rebuild, sensibly and deliberately. Marshaling original research, striking insights from American history, and comparative analysis of what works and what doesn’t from systems around the world, Einav and Finkelstein argue for automatic, basic, and free universal coverage for everyone, along with the option to buy additional, supplemental coverage. Their wholly original argument and comprehensive blueprint for an American universal health insurance system will surprise and provoke.

We've Got You Covered: Rebooting American Health Care (Penguin, 2023) is an erudite yet lively and accessible prescription we cannot afford to ignore.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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Outside the Box: The History and Future of Globalization Aug 21, 2023

Economist, historian, and author Marc Levinson talks about his book, Outside the Box: How Globalization Changed from Moving Stuff to Spreading Ideas (Princeton UP, 2020), with Peoples & Things host, Lee Vinsel. Outside the Box traces the history of globalization from the early 19th century to the present and shows how its nature has shifted over time. Levinson argues that the most recent form of globalization, focused on moving stuff around the globe, has been in decline since the 2008 financial crisis and that a new form of globalization, focused on moving people, services, and ideas, may be emerging. The pair also discuss Levinson's interesting career as an economist and journalist.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019.

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Renyi Hong, "Passionate Work: Endurance after the Good Life" (Duke UP, 2022) Aug 18, 2023

In Passionate Work: Endurance after the Good Life (Duke UP, 2022), Renyi Hong theorizes the notion of being "passionate about your work" as an affective project that encourages people to endure economically trying situations like unemployment, job change, repetitive and menial labor, and freelancing. Not simply a subject of aspiration, passion has been deployed as a means to build resilience and mend disappointments with our experiences of work.

Tracking the rise of passion in nineteenth-century management to trends like gamification, coworking, and unemployment insurance, Hong demonstrates how passion can emerge in instances that would not typically be understood as passionate. Gamification numbs crippling boredom by keeping call center workers in an unthinking, suspensive state, pursuing even the most banal tasks in hope of career advancement. Coworking spaces marketed toward freelancers combat loneliness and disconnection at the precise moment when middle-class sureties are profoundly threatened. Ultimately, Hong argues, the ideal of passionate work sustains a condition of cruel optimism in which passion is offered as the solution for the injustices of contemporary capitalism.

Hong is assistant professor in the Department of Communications and New Media at the National University of Singapore. He is interested in labor and its relationships with affect, technology and capitalism. His works can be found in Social Text, New Media & Society, European Journal of Cultural Studies, among others.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Indra’s Net and the Midas Touch: Living Sustainably in a Connected World Aug 16, 2023

We live today in a global web of interdependence, connected technologically, economically, politically, and socially. As a result of these expanding and deepening interdependencies, it has become impossible fully to control--or foretell--the effects of our actions. The world is rife with unintended consequences. The first law of human ecology--which declares that we can never do merely one thing--is a truth we ignore at our peril. In Indra's Net and the Midas Touch, Leslie Paul Thiele explores the impact of interdependence and unintended consequences on our pursuit of sustainability.

Unfortunately, good intentions provide no antidote to the law of unintended consequences, and proffered cures often prove worse than the disease. Biofuels developed for the purpose of reducing carbon emissions, for example, have had the unintended effect of cutting off food supplies to the needy and destroying rain forests. We must fundamentally transform our patterns of thinking and behavior. Thiele offers the intellectual and moral foundations for this transformation, drawing from ecology, ethics, technology, economics, politics, psychology, physics, and metaphysics. Awareness of our interconnectedness, he writes, stimulates creativity and community; it is a profound responsibility and a blessing beyond measure.

Leslie Paul Thiele is Professor in the Department of Political Science and the Director of Sustainability Studies at the University of Florida. He is the author of Environmentalism for a New Millennium: The Challenge of Coevolution, The Heart of Judgment: Practical Wisdom, Neuroscience, and Narrative, and other books.

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Small, Gritty, and Green: The Promise of America's Smaller Industrial Cities in a Low-Carbon World Aug 15, 2023

America's once-vibrant small-to-midsize cities--Syracuse, Worcester, Akron, Flint, Rockford, and others--increasingly resemble urban wastelands. Gutted by deindustrialization, outsourcing, and middle-class flight, disproportionately devastated by metro freeway systems that laid waste to the urban fabric and displaced the working poor, small industrial cities seem to be part of America's past, not its future. And yet, Catherine Tumber argues in this provocative book, America's gritty Rust Belt cities could play a central role in a greener, low-carbon, relocalized future.

As we wean ourselves from fossil fuels and realize the environmental costs of suburban sprawl, we will see that small cities offer many assets for sustainable living not shared by their big city or small town counterparts, including population density and nearby, fertile farmland available for new environmentally friendly uses.

Tumber traveled to twenty-five cities in the Northeast and Midwest--from Buffalo to Peoria to Detroit to Rochester--interviewing planners, city officials, and activists, and weaving their stories into this exploration of small-scale urbanism. Smaller cities can be a critical part of a sustainable future and a productive green economy. Small, Gritty, and Green will help us develop the moral and political imagination we need to realize this.

Catherine Tumber, a journalist and historian, is the author of American Feminism and the Birth of New Age Spirituality: Searching for the Higher Self, 1875–1915. She is a Research Affiliate in the Community Innovators Lab in MIT’s Department of Urban Studies and Planning.

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Vinod Thomas, "Risk and Resilience in the Era of Climate Change" (Palgrave Macmillan, 2023) Aug 14, 2023

Vinod Thomas' book Risk and Resilience in the Era of Climate Change (Palgrave Macmillan, 2023) presents essential insights on the interaction between rising risks and raising the bar for resilience during the climate crisis. Its timeliness lies in applying important findings on risk and resilience to runaway climate change. When risk and resilience are brought together in the context of climate catastrophes, three key messages emerge.

The first is that accounting for the root causes of these calamities, and not just their symptoms, is essential to slowing the spike in these events. It is therefore vital to link carbon emissions from human activity to the sharp rise in climate disasters globally. The second is that growth economics and policy must factor in the failure of governments and businesses to tackle spillover harm from economic activities, as seen dramatically with global warming. With climate risks rising, this calls for a fundamental revision in the teaching and practice of business and economics. And third, prevention must become a far bigger part of resilience building, with greater preparedness for more intense destruction built into interventions. This emphasis on prevention deems disaster recovery as not just returning to how things were but building back better.

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How Uber Disrupted Washington, D.C.: A Conversation with Katie Wells and Kafui Attoh Aug 14, 2023

Katie Wells, a Postdoctoral Fritz Fellow with Georgetown University's Tech and Society Initiative, and Kafui Attoh, Associate Professor of Urban Studies in the CUNY School of Labor and Urban Studies, talk about their new book, Disrupting D.C.: The Rise of Uber and the Fall of a City (co-authored with Declan Cullen) (Princeton UP, 2023), with Peoples & Things host, Lee Vinsel. Disrupting D.C. examines how various actors took on a "let Uber deal with it" mindset about social problems, not so much because they had great faith in Uber but because they have profound distrust in city government.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019.

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The Future of Underground/Sea Cables: A Discussion with Henry Farrell Aug 12, 2023

How much of US power is underground? We hear a lot about the US military assets used on land, on the sea, and in the air - but not much about what’s going on underground and on the sea bed. It turns out what goes on down there is a significant source of US power – which has been documented by Henry Farrell in his co-authored book (with Abraham Newman), Underground Empire: How America Weaponized the World Economy (Henry Holt, 2023). Listen to him describe it all with Owen Bennett-Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Keren Winterford et al., "Reframing Aid: A Strengths-Based Approach for International Development" (Practical Action, 2023) Aug 10, 2023

The practice of international development continues to change as more is understood about what works. A shift from a deficit or problem-solving approach to a strengths-based approach is a significant reframing for international development. A strengths-based approach aims to reveal assets, strengths or what is working within an individual, group, community or organization, then uses these strengths as a way to achieve change and preferred futures. Reframing Aid: A Strengths-Based Approach for International Development (Practical Action, 2023) by Dr. Keren Winterford, Deborah Rhodes, and Christopher Dureau sets out the thinking, practical action and evidence-base to inform a sector-wide transformation. For many, this is a radical or even revolutionary shift, but for others, the writing is already on the wall.

The authors set out the strong theoretical and practical basis of a strengths-based approach; explore insight through the lens on power, culture and psychology; and provide examples of how the approach is already applied in practice within the project cycle, monitoring and evaluation, dominant current approaches and sectors of international development.

The theory and rich descriptions of how a strengths-based approach works, will give development workers, governments, researchers, policy makers and donors in the global north and south the confidence to continue or try new this approach to creating change. These fresh perspectives offer a much-needed alternative to the deficit-based/problem solving paradigm that dominates, but is no longer relevant to shared global efforts for social justice and environmental sustainability.

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

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Cory Doctorow, "The Internet Con: How to Seize the Means of Computation" (Verso, 2023) Aug 09, 2023

Big Tech locked us into their systems by making their platforms hard to leave by design. The impossibility of staying connected to people on their platforms after you delete your account has nothing to do with technological limitations: it's an intentional business strategy.

In The Internet Con: How to Seize the Means of Computation(Verso, 2023), Cory Doctorow explains how to seize the means of computation, by forcing Silicon Valley to do the thing it fears most: interoperate. Interoperability will tear down the walls between technologies, allowing users leave platforms, remix their media, and reconfigure their devices without corporate permission.

This book comes out September 5, 2023. See seizethemeansofcomputation.org for book details.

Note: Cory mentioned that the book website is seizethemeansofcommunication.org it is actually seizethemeansofcomputation.org.

Jake Chanenson is a computer science Ph.D. student at the University of Chicago. Broadly, Jake is interested in topics relating to HCI, privacy, and tech policy. Jake’s work has been published in top venues such as ACM’s CHI Conference on Human Factors in Computing Systems.

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Elizabeth Humphrys, "How Labour Built Neoliberalism: Australia's Accord, the Labour Movement and the Neoliberal Project" (Haymarket, 2019) Aug 09, 2023

Why do we always assume it was the New Right that was at the centre of constructing neoliberalism? How might corporatism have advanced neoliberalism? And, more controversially, were the trade unions only victims of neoliberal change, or did they play a more contradictory role? In How Labour Built Neoliberalism: Australia’s Accord, the Labour Movement and the Neoliberal Project(Haymarket 2019), Elizabeth Humphrys examines the role of the Labour Party and trade unions in constructing neoliberalism in Australia, and the implications of this for understanding neoliberalism's global advance. These questions are central to understanding the present condition of the labour movement and its prospects for the future.

Dr Elizabeth Humphrys is a political economist and the Head Of Discipline, Social And Political Sciences at University of Technology Sydney. She is interested in the impact of economic crisis and climate change on workers, and how workplaces can be made safer and more equitable. She takes a multidisciplinary approach, also drawing on sociology and history, to develop policy and strategies for social change.

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Wendy A. Woloson, "Crap: A History of Cheap Stuff in America" (U Chicago Press, 2020) Aug 09, 2023

Why are our lives filled with so much stuff? In Crap: A History of Cheap Stuff in America (U Chicago Press, 2023), Wendy Woloson, Professor and Chair in the Department of History at Rutgers University, tells the history of these objects and things, from the early years of peddlers through to modern gadgets, and everything in between. In telling this story the book tells a history of America itself, looking at the rise of consumerism, advertising, television, and corporate life, as well as tracking changes in morals, sentiments, humour, and personal habits. Packed with brilliant details, and sweeping in scope, the book will be widely read across the humanities and social sciences, as well as by anyone seeking to understand the modern world.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Simone M. Müller, "The Toxic Ship: The Voyage of the Khian Sea and the Global Waste Trade" (U Washington Press, 2023) Aug 08, 2023

In 1986 the Khian Sea, carrying thousands of tons of incinerator ash from Philadelphia, began a two-year journey, roaming the world's oceans in search of a dumping ground. Its initial destination and then country after country refused to accept the waste. The ship ended up dumping part of its load in Haiti under false pretenses, and the remaining waste was illegally dumped in the ocean. Two shipping company officials eventually received criminal convictions.

In The Toxic Ship: The Voyage of the Khian Sea and the Global Waste Trade(University of Washington Press, 2023), Simone M. Müller uses the ship's voyage as a lens to elucidate the global trade in hazardous waste—the movement of material ranging from outdated consumer products and pesticides to barges filled with all sorts of toxic discards—from the 1970s to the present day, exploring the story's international nodes and detailing the downside of environmental conscientiousness among industrial nations as waste is pushed outward. Müller also highlights the significance of the trip's start in Philadelphia, a city with a significant African American population. The geographical origins shed light on environmental racism within the United States in the context of the global story of environmental justice. Activism in response to the ship's journey set an important precedent, and this book brings together the many voices that shaped the international trade in hazardous waste.

Simone M. Müller is DFG Heisenberg Professor for Global Environmental History and Environmental Humanities at the University of Augsburg, Germany and the author of Wiring the World: The Social and Cultural Creation of Global Telegraph Networks.

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

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Frank Jacob, "Wallerstein 2.0: Thinking and Applying World-Systems Theory in the 21st Century" (Transcript Publishing, 2022) Aug 08, 2023

Immanuel Wallerstein's world-systems theory can help to better understand and describe developments of the 21st century. The contributors of Wallerstein 2.0: Thinking and Applying World-Systems Theory in the 21st Century(Transcript Publishing, 2023) address ways to reread Wallerstein's theoretical thoughts in the humanities and social sciences. The presented interdisciplinary approach of this anthology intends to highlight the broader value of Wallerstein's ideas, even almost five decades after the famous sociologist and economic historian first expressed them.

Frank Jacob is a professor of global history at Nord Universitet, Norway.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Philip Roscoe, "How to Build a Stock Exchange: The Past, Present and Future of Finance" (Bristol UP, 2023) Aug 07, 2023

Why does the financial sector matter? In How to Build a Stock Exchange: The Past, Present and Future of Finance(Bristol UP, 2023), Philip Roscoe, a Professor of Management at the University of St Andrews, explores the history of the London Stock Exchange as part of a broader examination of the role of finance in the modern world. Richly detailed, including personal reflections as well as interviews and historical analysis, the book covers the technologies, personalities, and key events that have made London, and the financial industry, globally powerful today. The book is essential reading across the social sciences and humanities, and you can hear Philip’s podcast series that accompanies the book here.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Ryan C. Smith, "The Real Oil Shock: How Oil Transformed Money, Debt, and Finance" (Palgrave MacMillan, 2022) Aug 06, 2023

The rise of the global financial industry is treated by many economists as a critical component of the rise of neoliberalism. What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible.

Ryan C. Smith's book The Real Oil Shock: How Oil Transformed Money, Debt, and Finance(Palgrave MacMillan, 2022) demonstrates how the dramatic transfer of wealth from the industrialized, capitalist world to OPEC’s members triggered by the Oil Embargo and the Oil Shock created a vast pool of liquid capital. Oil prices inflation, as a result of Embargo and Shock, also triggered a balance of payments crisis that created unprecedented global demand for credit. Processing this capital and mitigating the inflationary pressures which followed the 1973 Shock encouraged the development of more liquid, internationally mobile instruments that made financialization possible and ushered in the effective privatization of money creation. This transformation of the creation of money, the rise of a new global debt cycle, and petrocapital-fuelled changes to financial practices laid the foundations of modern finance and the neoliberal world order as we know them.

Ryan C. Smith is an economic researcher specializing in business news, economic news, and finance. He earned his Ph.D. in Economic and Social History from the University of Glasgow.

Filippo De Chirico studies History and Politics of Energy at Roma Tre University (Italy).

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The Future of Space Travel: A Discussion with Douglas C. Ligor Aug 05, 2023

The expansion of space travel is much discussed but always seems subject to delay. Why is that and when will it happen on a much larger scale? Douglas Ligor has been considering that issue for the Rand corporation – and he talks to Owen Bennett-Jones about the prospects for space travel. Ligor is co-author of Assessing the Readiness for Human Commercial Spaceflight Safety Regulations (Rand, 2023) and International Space Traffic Management: Charting a Course for Long-Term Sustainability (Rand, 2023).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Alejandro Portes and Ariel C. Armony, "Emerging Global Cities: Origin, Structure, and Significance" (Columbia UP, 2022) Aug 05, 2023

Certain cities—most famously New York, London, and Tokyo—have been identified as “global cities,” whose function in the world economy transcends national borders. Without the same fanfare, formerly peripheral and secondary cities have been growing in importance, emerging as global cities in their own right. The striking similarity of the skylines of Dubai, Miami, and Singapore is no coincidence: despite following different historical paths, all three have achieved newfound prominence through parallel trends.

In this groundbreaking book, Alejandro Portes and Ariel C. Armony demonstrate how the rapid and unexpected rise of these three cities recasts global urban studies. They identify the constellation of factors that allow certain urban places to become “emerging global cities”—centers of commerce, finance, art, and culture for entire regions. The book traces the transformations of Dubai, Miami, and Singapore, identifying key features common to these emerging global cities. It contrasts them with “global hopefuls,” cities that, at one point or another, aspired to become global, and analyzes how Hong Kong is threatened with the loss of this status. Portes and Armony highlight the importance of climate change to the prospects of emerging global cities, showing how the same economic system that propelled their rise now imperils their future. Emerging Global Cities: Origin, Structure, and Significance (Columbia University Press, 2022) provides a powerful new framework for understanding the role of peripheral cities in the world economy and how they compete for and sometimes achieve global standing.

Alejandro Portes is professor of law and distinguished scholar of arts and sciences at the University of Miami. He is the Howard Harrison and Gabrielle S. Beck Professor of Sociology (emeritus) and the founding director of the Center for Migration and Development at Princeton University. Portes is also a member of the National Academy of Sciences and the former president of the American Sociological Association. His books include City on the Edge: The Transformation of Miami (University of California Press, 1993) and Immigrant America: A Portrait (University of California Press, 2014).

Ariel C. Armony is vice chancellor for global affairs and director of the University Center for International Studies at the University of Pittsburgh, where he is also a professor in the Graduate School of Public and International Affairs. He was a fellow at the Woodrow Wilson International Center for Scholars, a Fulbright scholar at Nankai University, and a resident fellow at the Rockefeller Foundation Bellagio Center. His publications include The Dubious Link: Civic Engagement and Democratization (Stanford University Press, 2004) and, with Portes, The Global Edge: Miami in the Twenty-First Century (University of California Press, 2018).

Aleem Mahabir is a PhD candidate in Geography at the University of the West Indies, Mona, Jamaica. His research interests lie at the intersection of Urban Geography, Social Exclusion, and Psychology. His dissertation research focuses on the link among negative psychosocial dispositions, exclusion, and under-development among marginalized communities in Port of Spain, Trinidad and Tobago. You can find him on Twitter.

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Logistic Clusters: Delivering Value and Driving Growth Aug 03, 2023

Why is Memphis home to hundreds of motor carrier terminals and distribution centers? Why does the tiny island-nation of Singapore handle a fifth of the world's maritime containers and half the world's annual supply of crude oil? Which jobs can replace lost manufacturing jobs in advanced economies?

Some of the answers to these questions are rooted in the phenomenon of logistics clusters—geographically concentrated sets of logistics-related business activities. In Logistics Clusters, supply chain management expert Yossi Sheffi explains why Memphis, Singapore, Chicago, Rotterdam, Los Angeles, and scores of other locations have been successful in developing such clusters while others have not.

Sheffi outlines the characteristic “positive feedback loop” of logistics clusters development and what differentiates them from other industrial clusters; how logistics clusters “add value” by generating other industrial activities; why firms should locate their distribution and value-added activities in logistics clusters; and the proper role of government support, in the form of investment, regulation, and trade policy.

Sheffi also argues for the most important advantage offered by logistics clusters in today's recession-plagued economy: jobs, many of them open to low-skilled workers, that are concentrated locally and not “offshorable.” These logistics clusters offer what is rare in today's economy: authentic success stories. For this reason, numerous regional and central governments as well as scores of real estate developers are investing in the development of such clusters.

Yossi Sheffi is Elisha Gray II Professor of Engineering Systems at MIT and Director of the MIT Center for Transportation and Logistics. He has worked with leading manufacturers and logistics service providers around the world on supply chain issues and is an active entrepreneur, having founded or cofounded five companies since 1987. He is the author of The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage (MIT Press) and Urban Transportation Networks.

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Nicholas Lemann, "Transaction Man: The Rise of the Deal and the Decline of the American Dream" (FSG, 2019) Aug 02, 2023

Nicholas Lemann is a staff writer at the New Yorker and a professor of journalism at Columbia. He is the author of four books, the most recent of which is Transaction Man: The Rise of the Deal and the Decline of the American Dream (FSG, 2019). Lemann spoke at the Institute about Transaction Man in 2019.

Over the last generation, the United States has undergone seismic changes. Stable institutions have given way to frictionless transactions, which are celebrated no matter what collateral damage they generate. The concentration of great wealth has coincided with the fraying of social ties and the rise of inequality. How did all this come about?

In Transaction Man, Nicholas Lemann explains the United States'--and the world's--great transformation by examining three remarkable individuals who epitomized and helped create their eras. Adolf Berle, Franklin Delano Roosevelt's chief theorist of the economy, imagined a society dominated by large corporations, which a newly powerful federal government had forced to become benign and stable institutions, contributing to the public good by offering stable employment and generous pensions. By the 1970s, the corporations' large stockholders grew restive under this regime, and their chief theoretician, Harvard Business School's Michael Jensen, insisted that firms should maximize shareholder value, whatever the consequences. Today, Silicon Valley titans such as the LinkedIn cofounder and venture capitalist Reid Hoffman hope "networks" can reknit our social fabric.

Lemann interweaves these fresh and vivid profiles with a history of the Morgan Stanley investment bank from the 1930s through the financial crisis of 2008, while also tracking the rise and fall of a working-class Chicago neighborhood and the family-run car dealerships at its heart. Incisive and sweeping, Transaction Man is the definitive account of the reengineering of America and the enormous impact it has had on us all.

Since 1977, the New York Institute for the Humanities has brought together distinguished scholars, writers, artists, and publishing professionals to foster crucial discussions around the public humanities. For more information and to support the NYIH, visit nyihumanities.org.

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Colleen M. Grogan, "Grow and Hide: The History of America's Health Care State" (Oxford UP, 2023) Aug 02, 2023

A sweeping history of the American health care state that reveals the public has been intentionally misled about the true role of government. The US government has always invested federal, state and local dollars in public health protection and prevention. Despite this public funding, however, Americans typically believe the current system is predominantly comprised of private actors with little government interference.

In Grow and Hide: The History of America's Health Care State (Oxford UP, 2023), Colleen M. Grogan details the history of the American health care state and argues that the public has been intentionally misled about the true role of government. The US created a publicly financed system while framing it as the opposite in what Grogan terms the "grow-and-hide regime." Today, the state's role is larger than ever, yet it remains largely hidden because stakeholders-namely, private actors and their allies in government-have repeatedly, and successfully, presented the illusion of minimal government involvement. The consequences of this narrative are scarce accountability and a highly unequal distribution of benefits. In the wake of a pandemic that has killed over one million Americans--with the highest death rates among minorities and lower-income people--the time has come for an honest discussion about the health care system. As Grogan reveals, America has never had a system that resembles a competitive, free-market model. Given how much the government already invests in the health care system, means how these funds are distributed and administered are fundamental political questions for the American public, not questions that should be decided by the private sector. If we want to fix care in America, we need to reimagine the way it is organized, prioritized, funded, and, perhaps most importantly, discussed. Grow & Hide is an important contribution to this reimagining.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Omolade Adunbi, "Enclaves of Exception: Special Economic Zones and Extractive Practices in Nigeria" (Indiana UP, 2022) Jul 31, 2023

How do we measure and truly grasp the sweeping social and environmental effects of an oil-based economy?

Focusing on the special economic zones resulting from China's trading partnership with Nigeria, Enclaves of Exception: Special Economic Zones and Extractive Practices in Nigeria (Indiana UP, 2022) offers a new approach to exploring the relationship between oil and technologies of extraction and their interrelatedness to local livelihoods and environmental practices. In this groundbreaking work, Omolade Adunbi argues that even though the exploitation of oil resources is dominated by big corporations, it establishes opportunities for many former Nigerian insurgents and their local communities to contest the ownership of such resources in the oil-rich Niger Delta and to extract oil themselves and sell it. Based on extensive ethnographic fieldwork, Enclaves of Exception makes clear that, although both the free trade zones and the now booming local artisanal refineries share the goals of profit-making and are enthusiastically supported by those benefiting from them economically, they have yielded dramatically the same environmental outcome for communities around them that included pollution with precarious effects on the health of the populations in the regions, and displacement of population from their livelihood practices.

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Manfred B. Steger and Ravi K. Roy, "Neoliberalism: A Very Short Introduction" (Oxford UP, 2021) Jul 30, 2023

Anchored in the principles of free-market economics, neoliberalism emerged in the 1990s as the world's most dominant economic paradigm. It has been associated with political leaders from Ronald Reagan, Margaret Thatcher, and Bill Clinton, to Tony Blair, Barack Obama, and Manmohan Singh. Neoliberalism even penetrated deeply into communist China's powerful economic system. However, the 2008 Global Financial Crisis and the related European Sovereign Debt Crisis triggered a decade of economic volatility and insecurity that boosted the fortunes of the 1 per cent while saddling the 99 per cent with stagnant wages and precarious work. As a result of this Great Recession, neoliberalism fortunes have waned considerably. This downward trend further accelerated with the recent surge of national populism around the world that brought to power outspoken critics of neoliberalism like Donald Trump, Boris Johnson, Jair Bolsonaro, and Narendra Modi. Is neoliberalism doomed or will it regain its former glory? And what are the major types of neoliberalism, and how did they evolve over the decades?

Responding to these crucial questions, Neoliberalism: A Very Short Introduction (Oxford UP, 2021) explores the considerable variations of neoliberalism around the world, and discusses the origins, evolution, and core ideas of neoliberalism. This new edition brings the story of neoliberalism up to date, and asks whether new versions of neoliberalism might succeed in drowning out the rising tide of national populism and its nostalgic longing for a return to territorial sovereignty and national greatness.

Manfred B. Steger is a professor at the University of Hawaii at Manoa.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel.

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The WEF is Actually Bad, But Not Like That Jul 28, 2023

The World Economic Forum has become the bugbear of the right-wing in Canada, and beyond. Conspiracies swirl about how this shadowy, globalist cabal wants us to live in pods, eat bugs, and “own nothing, but be happy.”

These may be mere conspiracy theory and faux populism, but there are many things wrong with the WEF.

On this episode, we examine the shifting political discourse surrounding our global financial elites. How can the left operate in this ideologically confusing moment?

First, we take it back to the heyday of the 90s global justice movement and revisit the Battle in Seattle. Reactionary forces were pushing an anti-globalization line against the WTO. However, the real politics there were different: it was built on global justice and global solidarity.

Then, we go to Davos and look for left-leaning protesters organizing against the WEF. Each year, there is a planned protest hike, quite far from the actual WEF site, because Swiss authorities push demonstrates away. Yet, the WEF also invites individual activists in. We learn about that push and pull.

Finally, filmmaker and documentarian Joel Bakan is well-known for his hit documentary The Corporation, which was released in 2003–not long after the Battle in Seattle. Today, he tells us the politics are completely different: corporate leaders, including those at WEF, tell us they’re actually the good guys. His new follow-up film The New Corporation: The Unfortunately Necessary Sequel says that this new warm-and-fuzzy branding makes the corporation even more dangerous.

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Richard N. Langlois, "The Corporation and the Twentieth Century: The History of American Business Enterprise" (Princeton UP, 2023) Jul 27, 2023

The twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century?

In The Corporation and the Twentieth Century: The History of American Business Enterprise(Princeton UP, 2023), Richard Langlois offers an alternative version: a comprehensive and nuanced reframing and reassessment of the economic, institutional, and intellectual history of the managerial era.

Langlois argues that managerialism rose to prominence not because of its inherent superiority but because of its contingent value in a young and rapidly developing American economy. The structures of managerialism solidified their dominance only because the century's great catastrophes of war, depression, and war again superseded markets, scrambled relative prices, and weakened market-supporting institutions. By the end of the twentieth century, Langlois writes, these market-supporting institutions had reemerged to shift advantage toward entrepreneurial and market-driven modes of organization.

This magisterial new account of the rise and fall of managerialism holds significant implications for contemporary debates about industrial and antitrust policies and the role of the corporation in the twenty-first century.

Richard Langlois was born and raised in northeastern Connecticut and educated at Williams, Yale, and Stanford. He received his Ph.D. in 1981 from the Department of Engineering-Economic Systems at Stanford. His primary work has been in the economics of organization, where he has long been pushing the theory of dynamic transaction costs and the theory of modular systems, as well as in economic and business history. His 1992 history of the microcomputer industry won the Newcomen Award as the best paper in the Business History Review. Previous books include Firms, Markets, and Economic Change: a Dynamic Theory of Business Institutions (Routledge, 1995, with Paul L. Robertson) and The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (The Graz Schumpeter Lectures, Routledge 2007), which won the Schumpeter Prize of the International Joseph A. Schumpeter Society.

In this podcast, he discussed the main themes in his most recent book and how it sits within overall discussions about the large corporation, his views on institutions and the nature of American-led capitalism in the 20th century. This is possible through a reinterpretation of a large body of economic and business history rather than archival or other primary source material.

As mentioned during the podcast:

-Chandler, A. (1990) Scale and Scope.

-Coase, R. (1937) The Nature of the Firm.

-Langlois, R. (2003) The Vanishing Hand.

-Langlois, R. (2004). The Dynamics of Industrial Capitalism (Graz Lectures).

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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The Future of Supply Chains: A Discussion with Rob Handfield Jul 25, 2023

Supply chains matter. And one of the most compelling defences of the capitalist system is that for all its various dysfunctions, it does at least ensure the quick delivery of goods that people want. But in recent years that feature of the system seems to have been challenged by COVID but also perhaps by other factors. So, what’s going on with supply chains? Rob Handfield is the co-author (with Tom Linton) of Flow: How the Best Supply Chains Thrive (Rotman-UTP Publishing, 2022). Hear him in conversation with Owen Bennett Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Ronan Bolton, "Making Energy Markets: The Origins of Electricity Liberalisation in Europe" (Palgrave Macmillan, 2022) Jul 24, 2023

Ronan Bolton's book Making Energy Markets: The Origins of Electricity Liberalisation in Europe (Palgrave Macmillan, 2022) charts the emergence and early evolution of electricity markets in western Europe, covering the decade from the late 1980s to the late 1990s. Liberalising electricity marked a radical deviation from the established paradigm of state-controlled electricity systems which had become established across Europe after the Second World War. By studying early liberalisation processes in Britain and the Nordic region, and analysing the role of the EEC, the book shows that the creation of electricity markets involved political decisions about the feasibility and desirability of introducing competition into electricity supply industries. Competition introduced risks, so in designing the process politicians needed to evaluate who the likely winners and losers might be and the degree to which competition would impact key national industries reliant on cross-subsidies from the electricity sector, in particular coal mining, nuclear power and energy intensive production. The book discusses how an understanding of the origins of electricity markets and their political character can inform contemporary debates about renewables and low carbon energy transitions.

Ronan Bolton is a Reader in Science, Technology and Innovation Studies at the University of Edinburgh, and the Co-director of the UK Energy Research Centre. His work examines the interconnected policy, market and regulatory challenges of transforming carbon based energy systems. His particular research interests are focused in the areas of energy network regulation and system integration, along with the the history and development of liberalisation processes in the energy sector.

Filippo De Chirico studies History and Politics of Energy at Roma Tre University (Italy).

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Thomas Piketty on Capitalism and Inequality (Adaner Usmani, JP) Jul 20, 2023

Is Thomas Piketty the world’s most famous economic historian ? A superstar enemy of plutocratic capitalism who wrote a pathbreaking bestseller, Capital in the 21st Century? Or simply a debonair and generous French intellectual happy to talk redistributive justice? Join this 2020 conversation with John and Adaner Usmani (star of RTB’s episode 44: Racism as idea, Racism as Power Relation) to find out.

Why did we invite him? John thinks nobody is better than Piketty at mapping and explaining the nature and origin of the glaring and growing inequality that everywhere defines wealth distribution in the 21st century—both between societies and within them. His recent magnum opus, Capital and Ideology. ask what sorts of stories societies (and individuals within those societies) tell themselves so as to tolerate such inequality—and the poverty and misery it produces. Or even to see that inequality as part of the natural order of things.

Why did he accept our invitation? A mystery, but who are we to look a gift economist in the mouth?

Mentioned in the Episode

Philip Larkin, “Why aren’t they screaming?” (from the poem “The Old Fools”)

Bonus: Here is John’s question about his favorite writer, the one Adaner teased him for not asking:

“Mr. Piketty, you are interested in hinge points where people cease being captivated by one ideology and begin seeing differently (might one also say, begin being captivated by another ideology?) In 2014, Ursula le Guin said:

‘We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art, and very often in our art, the art of words.‘

Can I ask how that resonates with your argument about the rapid changeability of economic paradigms–and moral paradigms for justifying inequality–in Capital and Ideology? “

Read transcript here

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Brendan O'Brien, "Homesick: Why Housing Is Unaffordable and How We Can Change It" (Chicago Review Press, 2023) Jul 18, 2023

Nobody who sits in traffic on Sedona, Arizona's main stretch or stands shoulder-to-shoulder in its many souvenir shops would call it a ghost town. Neither would anyone renting a room for $2,000 a month or buying a house for a half-million dollars. And yet, the people who built the small town and made it a community are being pushed further and further out. Their home is being sold out from under their feet.

In studying the impact of short-term rentals, Brendan O'Brien saw something similar happening in places ranging from Bend, Oregon, to Bar Harbor, Maine. But it isn't just short-term rentals, and it's not just tourism towns. Neighborhoods in Austin and Atlanta have become rows of investment properties. Longtime residents in Spokane and Boston have been replaced by new, high-salaried remote workers. Across the country, a level of unaffordable housing which once seemed unique to global cities like New York and San Francisco has become the norm, with nearly a third of all US households considered housing cost-burdened. This situation has been aided by the direct actions of developers, politicians, and existing homeowners who have sought to drive up the cost of housing. But it's mostly happened due to a societal-wide refusal to see housing as anything more than real estate, another product available to the highest bidder. This trend of putting local housing on a global market has worsened in recent years but is nothing new. Housing in the United States has always been marred by racial and income inequality that mocks the country's highest ideals. Deeply researched and deeply felt, Homesick: Why Housing Is Unaffordable and How We Can Change It (Chicago Review Press, 2023) argues that we can be so much better. And we can start where we live.

Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Juliet Schor, "After the Gig: How the Sharing Economy Got Hijacked and How to Win It Back" (U California Press, 2021) Jul 17, 2023

When the "sharing economy" launched a decade ago, proponents claimed that it would transform the experience of work--giving earners flexibility, autonomy, and a decent income. It was touted as a cure for social isolation and rampant ecological degradation. But this novel form of work soon sprouted a dark side: exploited Uber drivers, neighborhoods ruined by Airbnb, racial discrimination, and rising carbon emissions. Several of the most prominent platforms are now faced with existential crises as they prioritize growth over fairness and long-term viability.

Nevertheless, the basic model--a peer-to-peer structure augmented by digital tech--holds the potential to meet its original promises. Based on nearly a decade of pioneering research, After the Gig: How the Sharing Economy Got Hijacked and How to Win It Back (U California Press, 2021) dives into what went wrong with this contemporary reimagining of labor. The book examines multiple types of data from thirteen cases to identify the unique features and potential of sharing platforms that prior research has failed to pinpoint. Juliet B. Schor presents a compelling argument that we can engineer a reboot: through regulatory reforms and cooperative platforms owned and controlled by users, an equitable and truly shared economy is still possible.

Juliet B. Schor is an American economist and Sociology Professor at Boston College. She has studied trends in working time, consumerism, the relationship between work and family, women's issues and economic inequality, and concerns about climate change in the environment. She is a New York Times bestselling author and the Chair of the Board of Directors of the Better Future Project.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Lin Zhang, "The Labor of Reinvention: Entrepreneurship in the Chinese Digital Economy" (Columbia UP, 2023) Jul 17, 2023

Hello, world! This is the Global Media & Communication podcast series.

In this episode, our host Jing Wang discusses the book The Labor of Reinvention: Entrepreneurship in the New Chinese Digital Economy (Columbia UP, 2023) by Lin Zhang.

You’ll hear about:

A history of the book and Zhang’s entry into the fieldwork through family stories;
How to understand entrepreneurialism as a dominant ideology in the global neoliberal labor economy and China’s positionality in the world;
Why and how the book is organized based on three types of spaces – rural, urban, and transnational – across China and beyond;
The similarities and differences between the elite and the grassroot entrepreneurs in Beijing;
The e-commerce entrepreneurship as “platformized family production” in rural China and the roles played by government and large tech companies like Alibaba play in shaping the new rural production model;
The limit and possibility of reinvention through “shanzhai” (copycat) e-commerce production;
The gendered inequalities of entrepreneurial labor in rural and transnational spaces;
What is “daigou” (personal shopping agents) in transnational e-commerce and the structural challenges entrepreneurs – especially women – face across national borders and digital platforms;
What conversations in global studies of media and communication this book engages with.

About the book

From start-up founders in the Chinese equivalent of Silicon Valley to rural villages experiencing an e-commerce boom to middle-class women reselling luxury goods, the rise of internet-based entrepreneurship has affected every part of China. For many, reinventing oneself as an entrepreneur has appeared to be an appealing way to adapt to a changing economy and society. Yet in practice, digital entrepreneurship has also reinforced traditional Chinese ideas about state power, labor, gender, and identity. Lin Zhang explores how the everyday labor of entrepreneurial reinvention is remaking China amid changing geopolitical currents. She tells the stories of people from diverse class, gender, and age backgrounds across rural, urban, and transnational settings in rich detail, providing a multifaceted and ground-level view of the twenty-first-century Chinese economy. You can find more about the book here by the Columbia University Press.

Author: Lin Zhang is an associate professor of communication and media studies at the University of New Hampshire.

Host: Jing Wang is Senior Research Manager at the Center for Advanced Research in Global Communication (CARGC), Annenberg School for Communication at the University of Pennsylvania, with an affiliation at the Center of the Study of Contemporary China (CSCC).

Editor & Producer: Jing Wang

Our podcast is part of the multimodal project powered by the Center for Advanced Research in Global Communication (CARGC) at the Annenberg School for Communication at the University of Pennsylvania. At CARGC, we produce and promote critical, interdisciplinary, and multimodal research on global media and communication. We aim to bridge academic scholarship and public life, bringing the very best scholarship to bear on enduring global questions and pressing contemporary issues.

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Marco Grasso, "From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis" (MIT Press, 2022) Jul 13, 2023

In From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis (MIT Press, 2022), Professor Marco Grasso examines the responsibility of the oil and gas industry for the climate crisis and develops a moral framework that lays out its duties of reparation and decarbonization to allay the harm it has done. By framing climate change as a moral issue and outlining the industry's obligation to tackle it, Grasso shows that Big Oil is a central, yet overlooked, agent of climate ethics and policy.

Isobel Akerman is a History PhD student at the University of Cambridge studying biodiversity and botanic gardens.

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Emily Flitter, "The White Wall: How Big Finance Bankrupts Black America" (Atria/One Signal Publishers, 2022) Jul 11, 2023

In 2018, Emily Flitter received a tip that Morgan Stanley had fired a Black employee without cause. Flitter had been searching for a way to investigate the deep-rooted racism in the American financial industry, and that one tip lit the sparkplug for a three-year journey through the shocking yet normalized corruption in our financial institutions.

Examining local insurance agencies and corporate titans like JPMorgan Chase, BlackRock, and Wells Fargo and reveals the practices that have kept the racial wealth gap practically as wide as it was during the Jim Crow era. Flitter exposes hiring and layoff policies designed to keep Black employees from advancing to high levels; racial profiling of customers in internal emails between bank tellers; major insurers refusing to pay Black policyholders’ claims; and the systematic denial of funding to Black entrepreneurs. She also gives a voice to victims, from single mothers to professional athletes to employees themselves: people who were scammed, lied to, and defrauded by the systems they trusted with their money, and silenced when they attempted to speak out and seek reform.

Flitter connects the dots between data, history, legal scholarship, and powerful personal stories to provide a “must-read wake-up call” (Valerie Red-Horse Mohl, president of KNOWN Holdings) about what it means to bank while Black. As America continues to confront systemic racism and pave a path forward, The White Wall: How Big Finance Bankrupts Black America(Atria/One Signal Publishers, 2022) is an essential examination of one of its most caustic contributors.

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Marcos González Hernando and Gerry Mitchell, "Uncomfortably Off: Why Higher-Income Earners Should Care about Inequality" (Policy Press, 2023) Jul 08, 2023

How can we build a better social and political settlement? In Uncomfortably Off: Why the Top 10% of Earners Should Care about Inequality (Policy Press, 2023), Marcos González Hernando an Honorary Research Fellow at the UCL Social Research Institute and Postdoctoral Researcher at Universidad Diego Portale, and Gerry Mitchell a freelance policy researcher, combine a wealth of quantitative analysis with detailed fieldwork interviews to understand the top 10% of contemporary society. Broadening the focus of inequality research away from just a focus on the 1%, the book shows how the top 10%’s self-perceptions and views of society, politics, work and of the future are intertwined with our current social crises. Offering a bracing critique, as well as a framework for change, the book is essential reading across academic social science and for anyone interested in creating a better society.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Chris Desan on Making Money (Recall This Buck) Jul 05, 2023

Our Recall this Buck series, back in 2020 and 2021, explored the history of money, ranging from the earliest forms of labor IOUs to the modern world of bitcoin and electronically distributed value. We began by focusing on the rise of capitalism, the Bank of England, and how an explosion of liquidity changed everything.

We were lucky to do so, just before the Pandemic struck, with Christine Desan of Harvard Law School, who recently published Making Money: Coin, Currency, and the Coming of Capitalism (Oxford University Press, 2014). She is also managing editor of JustMoney.org, a website that explores money as a critical site of governance. Desan’s research explores money as a legal and political project. Her approach opens economic orthodoxy to question by widening the focus on money as an instrument, to examine the institutions and agreements through which resources are mobilized and tracked, by means of money. In doing so, she shows that particular forms of money, and the markets within which they circulate, are neither natural or inevitable.

Christine Desan, “Making Money“
Ursula Le Guin The Earthsea Novels (money hard to come by, but kinda cute)
Samuel Delany, the Neveryon series (money part of the evils of naming, slavery, labor appropriation)
Jane Austen “Pride and Prejudice“
Richard Rhodes, “Energy“
John Plotz, “Is Realism Failing?” (on liberal guilt and patrimonial fiction)
William Cobbett, “Rural Rides” (1830; London as wen)
E. P. Thompson, “The Moral Economy of the English Crowd in the Eighteenth Century” (notional “just price” of bread)
Peter Brown, “Through the Eye of a Needle: Wealth, the Fall of Rome, and the Making of Christianity in the West, 350-550 AD”
Chris Vanden Bossche, “Reform Acts“
“Sanditon” on PBS (and the original unfinished Austen novel)
Still from “Sanditon”
Margot Finn, “Character of Credit“
Thomas Piketty, “Capital in the 21st Century“
L. Frank Baum, “The Wonderful Wizard of Oz” (1900)
Leo Tolstoy “The Forged Coupon” (orig.1904)
Robert Louis Stevenson, “The Bottle Imp” (1891)
Frank Norris, “The Octopus” (1901)
D. W. Griffith, “A Corner in Wheat” (1909)

Read the episode here.

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The Future of Oceans: A Discussion with Chris Armstrong Jul 03, 2023

Amidst all the talk of a green revolution what about the blue stuff? There are the seas that will wash over inhabited land, there’s the sea economy with fisherman and cargo crews facing hard times and, amidst all the debate about animal rights, where do sea creatures fit in? Professor Chris Armstrong author of A Blue New Deal: Why We Need a New Politics for the Ocean(Yale UP, 2022) with Owen Bennett Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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The Bubble Economy: Is Sustainable Growth Possible? Jul 02, 2023

The global economy has become increasingly, perhaps chronically, unstable. Since 2008, we have heard about the housing bubble, subprime mortgages, banks “too big to fail,” financial regulation (or the lack of it), and the European debt crisis. Wall Street has discovered that it is more profitable to make money from other people's money than by investing in the real economy, which has limited access to capital—resulting in slow growth and rising inequality. What we haven't heard much about is the role of natural resources—energy in particular—as drivers of economic growth, or the connection of “global warming” to the economic crisis. In The Bubble Economy, Robert Ayres—an economist and physicist—connects economic instability to the economics of energy.

Ayres describes, among other things, the roots of our bubble economy (including the divergent influences of Senator Carter Glass—of the Glass-Steagall Law—and Ayn Rand); the role of energy in the economy, from the “oil shocks” of 1971 and 1981 through the Iraq wars; the early history of bubbles and busts; the end of Glass-Steagall; climate change; and the failures of austerity.

Finally, Ayres offers a new approach to trigger economic growth. The rising price of fossil fuels (notwithstanding “fracking”) suggests that renewable energy will become increasingly profitable. Ayres argues that government should redirect private savings and global finance away from home ownership and toward “de-carbonization”—investment in renewables and efficiency. Large-scale investment in sustainability will achieve a trifecta: lowering greenhouse gas emissions, stimulating innovation-based economic growth and employment, and offering long-term investment opportunities that do not depend on risky gambling strategies with derivatives.

Robert U. Ayres, an American-born physicist and economist, is Emeritus Professor of Economics and Political Science at INSEAD, the international graduate business school. He is the author or coauthor of many books, including (with Benjamin Warr) The Economic Growth Engine: How Energy and Work Drive Prosperity.

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The Innovators Hypothesis: How Cheap Experiments Are Worth More Than Good Ideas Jul 01, 2023

What is the best way for a company to innovate? Advice recommending "innovation vacations" and the luxury of failure may be wonderful for organizations with time to spend and money to waste. The Innovator's Hypothesis addresses the innovation priorities of companies that live in the real world of limits. Michael Schrage advocates a cultural and strategic shift: small teams, collaboratively--and competitively--crafting business experiments that make top management sit up and take notice. He introduces the 5x5 framework: giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no more than $5,000 each and taking no longer than five weeks to run. Successful 5x5s, Schrage shows, make people more effective innovators, and more effective innovators mean more effective innovations.

Michael Schrage is a Research Fellow at the Center for Digital Business at MIT Sloan School of Management. A sought-after consultant on business innovation, he is the author of Serious Play: How the World’s Best Companies Simulate to Innovate and What Do You Want Your Customers to Become?

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The Marketplace of Attention: How Audiences Take Shape in a Digital Age Jun 30, 2023

Feature films, television shows, homemade videos, tweets, blogs, and breaking news: digital media offer an always-accessible, apparently inexhaustible supply of entertainment and information. Although choices seems endless, public attention is not. How do digital media find the audiences they need in an era of infinite choice? In The Marketplace of Attention, James Webster explains how audiences take shape in the digital age.

Webster describes the factors that create audiences, including the preferences and habits of media users, the role of social networks, the resources and strategies of media providers, and the growing impact of media measures—from ratings to user recommendations. He incorporates these factors into one comprehensive framework: the marketplace of attention. In doing so, he shows that the marketplace works in ways that belie our greatest hopes and fears about digital media.

Some observers claim that digital media empower a new participatory culture; others fear that digital media encourage users to retreat to isolated enclaves. Webster shows that public attention is at once diverse and concentrated—that users move across a variety of outlets, producing high levels of audience overlap. So although audiences are fragmented in ways that would astonish midcentury broadcasting executives, Webster argues that this doesn't signal polarization. He questions whether our preferences are immune from media influence, and he describes how our encounters with media might change our tastes. In the digital era's marketplace of attention, Webster claims, we typically encounter ideas that cut across our predispositions. In the process, we will remake the marketplace of ideas and reshape the twenty-first century public sphere.

James G. Webster is Professor in the School of Communication at Northwestern University.

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Rose Hackman, "Emotional Labor: The Invisible Work Shaping Our Lives and How to Claim Our Power" (Flatiron Books, 2023) Jun 29, 2023

In some ways, Hackman’sEmotional Labor: The Invisible Work Shaping Our Lives and How to Claim Our Power (Flatiron Books, 2023) serves as a natural update to Arlie Hochschild’s classic, The Managed Heart. After all, in public life it’s most often the women members of the service economy—in retail, in nursing, teaching, and elsewhere—who are asked to exercise emotional skills that often go undervalued and, therefore, also under-compensated. Hackman goes further, however, by also exploring the private realm where men rarely help to fully join in to aid the household, whether in the form of childrearing, aid to ailing parents, and the marriage itself. As Hackman adroitly points out, the situation becomes even worse for black households because 50% of black women have a loved one who is incarcerated. This episode also naturally turns to how men could and should get out of the “man box” of an emotionally destitute existence that is harming themselves and those around them.

Rose Hackman is a British journalist who grew up largely in Belgium and now lives in Detroit. For The Guardian, she writes on issues involving gender, race, labor, policing, housing and the environment, with an eye to historically entrenches injustices.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His latest two books are Blah Blah Blah: A Snarky Guide to Office Lingo and Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals.

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Nicholas Dagen Bloom, "The Great American Transit Disaster: A Century of Austerity, Auto-Centric Planning, and White Flight" (U Chicago Press, 2023) Jun 27, 2023

Many a scholar and policy analyst has lamented American dependence on cars and the corresponding lack of federal investment in public transportation throughout the latter decades of the twentieth century. But as Nicholas Dagen Bloom shows in The Great American Transit Disaster: A Century of Austerity, Auto-Centric Planning, and White Flight (U Chicago Press, 2023), our transit networks are so bad for a very simple reason: we wanted it this way.

Focusing on Baltimore, Atlanta, Chicago, Detroit, Boston, and San Francisco, Bloom provides overwhelming evidence that transit disinvestment was a choice rather than destiny. He pinpoints three major factors that led to the decline of public transit in the United States: municipal austerity policies that denied most transit agencies the funding to sustain high-quality service; the encouragement of auto-centric planning; and white flight from dense city centers to far-flung suburbs. As Bloom makes clear, these local public policy decisions were not the product of a nefarious auto industry or any other grand conspiracy--all were widely supported by voters, who effectively shut out options for transit-friendly futures. With this book, Bloom seeks not only to dispel our accepted transit myths but hopefully to lay new tracks for today's conversations about public transportation funding.

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Alan Bollard, "Economists at War: How a Handful of Economists Helped Win and Lose the World Wars" (Oxford UP, 2020) Jun 26, 2023

Wartime is not just about military success. Economists at War: How a Handful of Economists Helped Win and Lose the World Wars(Oxford University Press, 2023) tells a different story - about a group of remarkable economists who used their skills to help their countries fight their battles during the Chinese-Japanese War, Second World War, and the Cold War. 1935-55 was a time of conflict, confrontation, and destruction. It was also a time when the skills of economists were called upon to finance the military, to identify economic vulnerabilities, and to help reconstruction.

Economists at War focuses on the achievements of seven finance ministers, advisors, and central bankers from Japan, China, Germany, the UK, the USSR, and the US. It is a story of good and bad economic thinking, good and bad policy, and good and bad moral positions. The economists suffered threats, imprisonment, trial, and assassination. They all believed in the power of economics to make a difference, and their contributions had a significant impact on political outcomes and military ends. Economists at War shows the history of this turbulent period through a unique lens. It details the tension between civilian resources and military requirements; the desperate attempts to control economies wracked with inflation, depression, political argument, and fighting; and the clever schemes used to evade sanctions, develop barter trade, and use economic espionage. Politicians and generals cannot win wars if they do not have the resources. This book tells the human stories behind the economics of wartime.

Alan Bollard is a Professor of Economics at Victoria University of Wellington, New Zealand. He formerly managed APEC, the largest regional economic integration organization in the world, and was previously the New Zealand Reserve Bank Governor, Secretary of the New Zealand Treasury, and Chairman of the New Zealand Commerce Commission.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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The Outsourcer: The Story of India's IT Revolution Jun 23, 2023

The rise of the Indian information technology industry is a remarkable economic success story. Software and services exports from India amounted to less than $100 million in 1990, and today come close to $100 billion. But, as Dinesh Sharma explains in The Outsourcer, Indian IT's success has a long prehistory; it did not begin with software support, or with American firms' eager recruitment of cheap and plentiful programming labor, or with India's economic liberalization of the 1990s. The foundations of India's IT revolution were laid long ago, even before the country's independence from British rule in 1947, as leading Indian scientists established research institutes that became centers for the development of computer science and technology. The “miracle” of Indian IT is actually a story about the long work of converting skills and knowledge into capital and wealth. With The Outsourcer, Sharma offers the first comprehensive history of the forces that drove India's IT success.

Sharma describes India's early development of computer technology, part of the country's efforts to achieve national self-sufficiency, and shows that excessive state control stifled IT industry growth before economic policy changed in 1991. He traces the rise and fall (and return) of IBM in India and the emergence of pioneering indigenous hardware and software firms. He describes the satellite communication links and state-sponsored, tax-free technology parks that made software-related outsourcing by foreign firms viable, and the tsunami of outsourcing operations at the beginning of the new millennium. It is the convergence of many factors, from the tradition of technical education to the rise of entrepreneurship to advances in communication technology, that have made the spectacular growth of India's IT industry possible.

Dinesh C. Sharma is a journalist and author with thirty years of experience reporting on science, technology, and innovation.

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Richard Duncan, "The Money Revolution: How to Finance the Next American Century" (John Wiley & Sons, 2022) Jun 21, 2023

In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States' unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country’s geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. This book also features a history of the Federal Reserve.

Richard Duncan has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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The Future of Venture Capitalists: A Discussion with Sebastian Mallaby Jun 20, 2023

By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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David A. Banks, "The City Authentic: How the Attention Economy Builds Urban America" (U California Press, 2023) Jun 19, 2023

The City Authentic: How the Attention Economy Builds Urban America (U California Press, 2023) is the first book to explore how our cities gentrify by becoming social media influencers—and why it works.

Cities, like the people that live in them, are subject to the attention economy. In The City Authentic, author David A. Banks shows how cities are transforming themselves to appeal to modern desires for authentic urban living through the attention-grabbing tactics of social media influencers and reality-TV stars.

Blending insightful analysis with pop culture, this engaging study of New York State’s Capital Region is an accessible glimpse into the social phenomena that influence contemporary cities. The rising economic fortunes of cities in the Rust Belt, Banks argues, are due in part to the markers of its previous decay—which translate into signs of urban authenticity on the internet. The City Authentic unpacks the odd connection between digital media and derelict buildings, the consequences of how we think about industry and place, and the political processes that have enabled a new paradigm in urban planning. Mixing urban sociology with media and cultural studies, Banks offers a lively account of how urban life and development are changing in the twenty-first century.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. He is the author of The Social Construction of a Cultural Spectacle: Floatzilla (Lexington Books, 2023) and Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington Books, 2022). His general area of study is on media representations of people and place. He is currently conducting research on the branding of cities. I am particularly interested in the similarities and differences in how travel and tourism agencies see a city as compared to how residents and visitors see the same city. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Keith Tribe, "Constructing Economic Science: The Invention of a Discipline 1850-1950" (Oxford UP, 2022) Jun 18, 2023

During the late nineteenth century concerns about international commercial rivalry were often expressed in terms of national provision for training and education, and the role of universities in such provision. It was in this context that the modern university discipline of economics emerged. The first undergraduate economics program was inaugurated in Cambridge in 1903; but this was merely a starting point.

Constructing Economic Science: The Invention of a Discipline 1850-1950 (Oxford UP, 2022) charts the path through commercial education to the discipline of economics and the creation of an economics curriculum that could then be replicated around the world. Rather than describing this transition epistemologically, as a process of theoretical creation, Keith Tribe shows how the new "science" of economics was primarily an institutional creation of the modern university. He demonstrates how finance, student numbers, curricula, teaching, new media, the demands of employment, and more broadly, the international perception that industrializing economies required a technically-skilled workforce, all played their part in shaping economics as we know it today. This study explains the conditions originally shaping the science of economics, providing in turn a foundation for an understanding of the way in which this new language transformed public policy.

Keith Tribe is an economic historian and independent scholar with a long-standing interest in language and translation. He is currently a Senior Research Fellow in History at the University of Tartu and teaches history of economics at the University of Birmingham. He is the author of The Economy of the Word (OUP, 2015).

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel.

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Josh Milburn, "Food, Justice, and Animals: Feeding the World Respectfully" (Oxford UP, 2023) Jun 15, 2023

How would we eat if animals had rights? A standard assumption is that our food systems would be plant-based. But maybe we should reject this assumption. Indeed, this book argues that a future non-vegan food system would be permissible on an animal rights view. It might even be desirable.

In Food, Justice, and Animals: Feeding the World Respectfully(Oxford University Press, 2023), Josh Milburn questions if the vegan food system risks cutting off many people's pursuit of the 'good life', risks exacerbating food injustices, and risks negative outcomes for animals. If so, then maybe non-vegan food systems would be preferable to vegan food systems, if they could respect animal rights.

Could they? The author provides a rigorous analysis of the ethics of farming invertebrates, producing plant-based meats, developing cultivated animal products, and co-working with animals on genuinely humane farms, arguing that these possibilities offer the chance for a food system that is non-vegan, but nonetheless respects animals' rights. He argues that there is a way for us to have our cake, and eat it too, because we can have our cow, and eat her too.

Josh Milburn is a British philosopher and a Lecturer in Political Philosophy at Loughborough University. He has previously worked at the University of Sheffield, the University of York, and Queen's University (in Canada), before which he studied at Queen's University Belfast and Lancaster University. He is the author of Just Fodder: The Ethics of Feeding Animals (McGill-Queen's University Press, 2022), and the regular host of the animal studies podcast Knowing Animals.

Kyle Johannsen is a philosophy instructor at Trent University and Wilfrid Laurier University. His most recent book is Wild Animal Ethics: The Moral and Political Problem of Wild Animal Suffering (Routledge, 2021).

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Peter Baldwin, "Athena Unbound: Why and How Scholarly Knowledge Should Be Free for All" (MIT Press, 2023) Jun 14, 2023

A clear-eyed examination of the open access movement: past history, current conflicts, and future possibilities. Open access (OA) could one day put the sum of human knowledge at our fingertips. But the goal of allowing everyone to read everything faces fierce resistance.

In Athena Unbound: Why and How Scholarly Knowledge Should Be Free for All(MIT Press, 2023), Peter Baldwin offers an up-to-date look at the ideals and history behind OA, and unpacks the controversies that arise when the dream of limitless information slams into entrenched interests in favor of the status quo. In addition to providing a clear analysis of the debates, Baldwin focuses on thorny issues such as copyright and ways to pay for “free” knowledge. He also provides a roadmap that would make OA economically viable and, as a result, advance one of humanity’s age-old ambitions. Baldwin addresses the arguments in terms of disseminating scientific research, the history of intellectual property and copyright, and the development of the university and research establishment. As he notes, the hard sciences have already created a funding model that increasingly provides open access, but at the cost of crowding out the humanities. Baldwin proposes a new system that would shift costs from consumers to producers and free scholarly knowledge from the paywalls and institutional barriers that keep it from much of the world. Rich in detail and free of jargon, Athena Unbound is an essential primer on the state of the global open access movement.

Peter Baldwin is Professor of History at UCLA, and Global Distinguished Professor at NYU.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Simon Sharpe, "Five Times Faster: Rethinking the Science, Economics, and Diplomacy of Climate Change" (Cambridge UP, 2023) Jun 14, 2023

We need to act five times faster to avoid dangerous climate change. As Greenland melts, Australia burns, and greenhouse gas emissions continue to rise, we think we know who the villains are: oil companies, consumerism, weak political leaders. But what if the real blocks to progress are the ideas and institutions that are supposed to be helping us?

Five Times Faster: Rethinking the Science, Economics, and Diplomacy of Climate Change (Cambridge UP, 2023) is an inside story from Simon Sharpe, who has spent ten years at the forefront of climate change policy and diplomacy. In our fight to avoid dangerous climate change, science is pulling its punches, diplomacy is picking the wrong battles, and economics has been fighting for the other side. This provocative and engaging book sets out how we should rethink our strategies and reorganise our efforts in the fields of science, economics, and diplomacy, so that we can act fast enough to stay safe.

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Payal Arora et al., "Feminist Futures of Work: Reimagining Labour in the Digital Economy" (Amsterdam UP, 2023) Jun 12, 2023

The future of work is at the centre of debates related to the emerging digital society. Concerns range from the inclusion, equity, and dignity of those at the far end of the value chain, who participate on and off platforms, often in the shadows, invisible to policymakers, designers, and consumers. Precarity and informality characterize this largely female workforce, across sectors ranging from artisanal work to salon services to ride-hailing and construction. A feminist reimagining of the futures of work - what we term “FemWork” - is the need of the day and should manifest in multiple and various forms, placing the worker at the core and drawing on her experiences, aspirations, and realities.

Payal Arora, Usha Raman, and René König's book Feminist Futures of Work: Reimagining Labour in the Digital Economy (Amsterdam UP, 2023) offers grounded insights from academic, activist, legal, development and design perspectives that can help us think through these inclusive futures and possibly create digital, social, and governance infrastructures of work that are fairer and more meaningful.

The book is published open access and can be downloaded from here.

Rituparna Patgiri is an Assistant Professor of Sociology at Indraprastha College for Women, University of Delhi. She has a PhD in Sociology from Jawaharlal Nehru University (JNU), New Delhi. Her research interests lie in the areas of food, media, gender and public. She is also one of the co-founders of Doing Sociology. Patgiri can be reached at @Rituparna37 on Twitter.

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Fredrik Albritton Jonsson and Carl Wennerlind, "Scarcity: A History from the Origins of Capitalism to the Climate Crisis" (Harvard UP, 2023) Jun 12, 2023

Scarcity: A History from the Origins of Capitalism to the Climate Crisis (Harvard UP, 2023) is a sweeping intellectual history of the concept of economic scarcity—its development across five hundred years of European thought and its decisive role in fostering the climate crisis.

Modern economics presumes a particular view of scarcity, in which human beings are innately possessed of infinite desires and society must therefore facilitate endless growth and consumption irrespective of nature’s limits. Yet as Fredrik Albritton Jonsson and Carl Wennerlind show, this vision of scarcity is historically novel and was not inevitable even in the age of capitalism. Rather, it reflects the costly triumph of infinite-growth ideologies across centuries of European economic thought—at the expense of traditions that sought to live within nature’s constraints.

The dominant conception of scarcity today holds that, rather than master our desires, humans must master nature to meet those desires. Albritton Jonsson and Wennerlind argue that this idea was developed by thinkers such as Francis Bacon, Samuel Hartlib, Alfred Marshall, and Paul Samuelson, who laid the groundwork for today’s hegemonic politics of growth. Yet proponents of infinite growth have long faced resistance from agrarian radicals, romantic poets, revolutionary socialists, ecofeminists, and others. These critics—including the likes of Gerrard Winstanley, Dorothy Wordsworth, Karl Marx, and Hannah Arendt—embraced conceptions of scarcity in which our desires, rather than nature, must be mastered to achieve the social good. In so doing, they dramatically reenvisioned how humans might interact with both nature and the economy.

Following these conflicts into the twenty-first century, Albritton Jonsson and Wennerlind insist that we need new, sustainable models of economic thinking to address the climate crisis. Scarcity is not only a critique of infinite growth, but also a timely invitation to imagine alternative ways of flourishing on Earth.

Fredrik Albritton Jonsson is the Associate Professor of British History at the University of Chicago. His current research deals with a set of closely related themes in environmental history, history of science, and political economy.

Carl Wennerlind is the Professor of History and Chair at Barnard College, Columbia University. He specializes in the history of early modern Europe, with a focus on intellectual history and political economy. He is particularly interested in the historical development of ideas about money and credit; ideas on the relationship between economy and nature; and ideas about "improvement" and "modernization."

Thomas Edward Kingston is a Berkeley Fellow in South and Southeast Asian Studies and PhD Student with a designated emphasis in Political Economy at the University of California, Berkeley

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Brendan Keogh, "The Videogame Industry Does Not Exist: Why We Should Think Beyond Commercial Game Production" (MIT Press, 2023) Jun 11, 2023

The videogame industry, we're invariably told, is a multibillion-dollar, high-tech business conducted by large corporations in certain North American, European, and East Asian cities. But most videogames today, in fact, are made by small clusters of people working on shoestring budgets, relying on existing, freely available software platforms, and hoping, often in vain, to rise to stardom—in short, people working like artists.

Aiming squarely at this disconnect between perception and reality, Brendan Keogh's book The Videogame Industry Does Not Exist: Why We Should Think Beyond Commercial Game Production (MIT Press, 2023) presents a much more accurate and nuanced picture of how the vast majority of videogame-makers work—a picture that reveals the diverse and precarious communities, identities, and approaches that make videogame production a significant cultural practice.

Drawing on insights provided by over 400 game developers across Australia, North America, Europe, and Southeast Asia, Keogh develops a new framework for understanding videogame production as a cultural field in all its complexity. Part-time hobbyists, aspirational students, client-facing contractors, struggling independents, artist collectives, and tightly knit local scenes—all have a place within this model. But proponents of non-commercial game making don't exist in isolation; Keogh shows how they and their commercial counterparts are deeply interconnected and codependent in the field of videogame production.

A cultural intervention, The Videogame Industry Does Not Exist challenges core assumptions about videogame production—ideas about creativity, professionalism, labor, diversity, education, globalization, and community. Its in-depth, complex portrayal suggests new ways of seeing, and engaging in, the videogame industry that really does exist.

Rudolf Inderst is a professor of Game Design with a focus on Digital Game Studies at the IU International University of Applied Science, editor of “Game Studies Watchlist”, a weekly messenger newsletter about Game Culture and curator of @gamestudies at tiktok.

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Amanda L. Van Lanen, "The Washington Apple: Orchards and the Development of Industrial Agriculture" (U Oklahoma Press, 2022) Jun 09, 2023

In the nineteenth century, most American farms had a small orchard or at least a few fruit-bearing trees. People grew their own apple trees or purchased apples grown within a few hundred miles of their homes. Nowadays, in contrast, Americans buy mass-produced fruit in supermarkets, and roughly 70 percent of apples come from Washington State. So how did Washington become the leading producer of America’s most popular fruit? In The Washington Apple: Orchards and the Development of Industrial Agriculture(The University of Oklahoma Press, 2022), Amanda L. Van Lanen offers a comprehensive response to this question by tracing the origins, evolution, and environmental consequences of the state’s apple industry.

Washington’s success in producing apples was not a happy accident of nature, according to Van Lanen. Apples are not native to Washington, any more than potatoes are to Idaho or peaches to Georgia. In fact, Washington apple farmers were late to the game, lagging their eastern competitors. The author outlines the numerous challenges early Washington entrepreneurs faced in such areas as irrigation, transportation, and labor. Eventually, with crucial help from railroads, Washington farmers transformed themselves into “growers” by embracing new technologies and marketing strategies. By the 1920s, the state’s growers managed not only to innovate the industry but to dominate it.

Industrial agriculture has its fair share of problems involving the environment, consumers, and growers themselves. In the quest to create the perfect apple, early growers did not question the long-term environmental effects of chemical sprays. Since the late twentieth century, consumers have increasingly questioned the environmental safety of industrial apple production. Today, as this book reveals, the apple industry continues to evolve in response to shifting consumer demands and accelerating climate change. Yet, through it all, the Washington apple maintains its iconic status as Washington’s most valuable agricultural crop.

Amanda L. Van Lanen, PhD is a Professor of History at Lewis-Clark State College.

Troy A. Hallsell, PhD is the 341st Missile Wing Historian at Malmstrom AFB, Montana. The ideas expressed in this podcast do not represent the 341st Missile Wing, the United States Air Force, or the Department of Defense.

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Anne L. Murphy, "Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England" (Princeton UP, 2023) Jun 08, 2023

The eighteenth-century Bank of England was an institution that operated for the benefit of its shareholders--and yet came to be considered, as Adam Smith described it, "a great engine of state." In Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England(Princeton UP, 2023), Anne Murphy explores how this private organization became the guardian of the public credit upon which Britain's economic and geopolitical power was based. Drawing on the voluminous and detailed minute books of a Committee of Inspection that examined the Bank's workings in 1783-84, Murphy frames her account as "a day in the life" of the Bank of England, looking at a day's worth of banking activities that ranged from the issuing of bank notes to the management of public funds.

Murphy discusses the bank as a domestic environment, a working environment, and a space to be protected against theft, fire, and revolt. She offers new insights into the skills of the Bank's clerks and the ways in which their work was organized, and she positions the Bank as part of the physical and cultural landscape of the City: an aggressive property developer, a vulnerable institution seeking to secure its buildings, and an enterprise necessarily accessible to the public. She considers the aesthetics of its headquarters--one of London's finest buildings--and the messages of creditworthiness embedded in that architecture and in the very visible actions of the Bank's clerks. Murphy's uniquely intimate account shows how the eighteenth-century Bank was able to deliver a set of services that were essential to the state and commanded the confidence of the public.

Anne L. Murphy is Professor of History and Executive Dean of the Faculty of Humanities and Social Sciences. She joined the University of Portsmouth in March 2021. Prior to this she worked at the University of Hertfordshire and the University of Exeter. Previously she spent twelve years working in the City trading interest rate and foreign exchange derivatives.

Her research focuses on early modern financial markets and publications include articles in Past and Present, Economic History Review, History, Financial History Review and Women's History Review. Her previous monographs are The Origins of English Financial Markets: investment and speculation before the South Sea Bubble (2010) and The Worlds of the Jeake Family of Rye, 1640-1736 (2018).

References:

-Previous NBN podcasts on money, namely Lawrence H. White and Dror Goldberg.

-Books by Amy Froide's Silent Partners: Women as Public Investors during Britain's Financial Revolution, 1690-1750 and Daniel Abramson's Building the Bank of England: Money, Architecture, Society 1694-1942.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Art Auctions and Data Science Jun 04, 2023

What does data science tell us about art auctions?

This episode is syndicated from the new Harvard Data Science Review Podcast. Published by the MIT Press, Harvard Data Science Review is an open access multidisciplinary journal that defines and shapes data science as a scientifically rigorous field based on the principled and purposed production, processing, parsing and analysis of data.

In this episode, the journal’s Features Editor Liberty Vittert and Editor in Chief Xiao-Li Meng discuss art auctions with art curator Dan Cameron and Artnome’s Jason Bailey.

If you enjoy this preview of the Harvard Data Science Review podcast, find the journal on twitter at @TheHDSR and remember to subscribe to their podcast on your favorite platform.

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The Future of Big Finance: A Discussion with Anastasia Nesvetailova Jun 03, 2023

How common is financial malpractice in big, well known financial companies? Is it so common that it should really be seen as a business model more than an occasional aberration by rogue traders? These are questions posed by Ronen Palan and Anastasia Nesvetailova in their book Sabotage: The Business of Finance (PublicAffairs, 2020). Listen to Owen Bennett-Jones discuss the future of big finance with Anastasia Nesvetailova.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Perry Mehrling, "Money and Empire: Charles P. Kindleberger and the Dollar System" (Cambridge UP, 2022) Jun 02, 2023

Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated.

A biography of both the dollar and a man, Money and Empire (Cambridge University Press, 2022) also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world.

Perry Mehrling is Professor of International Political Economy at Boston University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Daron Acemoglu and James A. Robinson, "The Narrow Corridor: States, Societies, and the Fate of Liberty" (Penguin, 2020) Jun 02, 2023

Does a strong state mean a weak market? This is a common misconception amongst economists. Many view the state as either taxing and regulating the market too much or too little. However, the truth is that state capacity is just not well conceptualized in economic theory.

James A. Robinson is a political scientist, economist, and professor at the University of Chicago. His recent book, co-authored with Daron Acemoglu, The Narrow Corridor: States, Societies, and the Fate of Liberty, explores the critical balance needed between state and society and how liberty can continue to thrive despite threats from both sides.

James and Greg explore the correlation between inclusive political institutions and economic growth and prosperity and why the absence of state capacity in developing nations is a major contributing factor to their economic struggles. This highlights the necessity for a genuine debate on whether strong governments and effective state institutions facilitate or stifle independence and innovation.

Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM.

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William J. Bernstein, "The Delusions of Crowds: Why People Go Mad in Groups" (Grove Press, 2021) May 29, 2023

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner.

William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine.

William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world.

Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM.

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Lawrence H. White, "Better Money: Gold, Fiat, or Bitcoin?" (Cambridge UP, 2023) May 28, 2023

The recent rise of dollar, pound, and euro inflation rates has rekindled the debate over potential alternative monies, particularly gold and Bitcoin. Though Bitcoin has been much discussed in recent years, a basic understanding of how it and gold would work as monetary standards is rare. Accessibly written by a pioneering economist, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype. White uses simple supply-and-demand analysis to explain how these standards work, evaluating their relative merits and explaining their response to shocks, allowing for informed comparisons between them. This book addresses common misunderstandings of the gold standard and Bitcoin, using historical evidence to review the history of money with emphasis on the contest between market and government provision. Known for his work on alternative monetary institutions, White offers a reasoned discussion of which standard is most likely to provide a better money.

In Better Money: Gold, Fiat, or Bitcoin?(Cambridge UP, 2023), Lawrence H. White offers a summary of previous work while explaining differences and similarities of the gold standard and how crypto currencies work in an authoritative yet non technical way with a non-specialist audience in mind. His main idea is to explore alternatives to fiat money in a digital world.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo.

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Missing: Men at Work — A Conversation with Nick Eberstadt May 26, 2023

Over six million prime-age men are neither working nor looking for work; America's low unemployment rate hides the fact that many men have dropped out of the workforce altogether. Our workforce participation rate is on par with that seen during the Great Depression.

Why does this problem affect men so acutely? Why is it so specific to America? What are these missing men doing with their time? How do we differentiate between leisure and idleness? Demographer and economist Nicholas Eberstadt of the American Enterprise Institute discusses these trends and what they mean for America's future.

Eberstadt is the author of Men Without Work.

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Scott Timcke, "The Political Economy of Fortune and Misfortune: Prospects for Prosperity in Our Times" (Bristol UP, 2023) May 25, 2023

Luck greatly influences a person's quality of life. Yet little of our politics looks at how institutions can amplify good or bad luck that widens social inequality. But societies can change their fortune. Too often debates about inequality focus on the accuracy of data or modelling while missing the greater point about ethics and exploitation. In the wake of growing disparity between the 1% and other classes, The Political Economy of Fortune and Misfortune: Prospects for Prosperity in Our Times(Bristol University Press, 2023) combines philosophical insights with social theory to offer a much-needed political economy of life chances. Scott Timcke advances new thought on the role luck plays in redistributive justice in 21st century capitalism.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. He is the author of Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington, 2022). His general area of study is on media representations of people and place at festivals and celebrations. He is currently working on his next book where he conducted research on an annual canoeing and kayaking event that takes place on the Upper Mississippi River. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Adrian R. Bazbauers and Susan Engel, "The Global Architecture of Multilateral Development Banks: A System of Debt or Development?" (Routledge, 2023) May 24, 2023

Adrian Bazbauers and Susan Engel’s 2021 book The Global Architecture of Multilateral Development Banks: A System of Debt or Development?(Routledge, 2023) explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognizable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialized development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS.

MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinized, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate.

This book will be of particular interest to researchers of development finance, global governance, and international political economy.

Dr. Susan Engel is an Associate Professor in Politics and International Studies and co-Director of the Future of Rights Centre. Her research interests focus on the impact of neoliberalism on development and international political economy.

Dr Adrian Robert Bazbauers is a Senior Lecturer in International Public Sector Management, and Undergraduate Coordinator, in the School of Business at UNSW, Canberra.

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Truth, Fiction, and Student Loan Forgiveness: A Conversation with Beth Akers May 22, 2023

With the Biden Administration's student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve.

You can find more information about Dr. Akers and her recent writing and appearances here.

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Jonathan Adeyemi, "Contemporary Art from Nigeria in the Global Markets: Trending in the Margins" (Palgrave MacMillan, 2022) May 21, 2023

How does the art market work? In Contemporary Art from Nigeria in the Global Markets: Trending in the Margins (Palgrave Macmillan, 2022), Jonathan Adeyemi, who holds a PhD from, and was formerly Associate Lecturer in Arts Management and Cultural Policy at, Queen’s University Belfast, explores the unequal power dynamics of contemporary at by focusing on the case study of Nigeria. The book draws on a wealth of historical and theoretical knowledge, alongside detailed engagements with art history, sociology, and cultural policy themes, to show how and why contemporary artists from Nigeria are not afforded the same status as their western counterparts. An important addition across a range of academic fields, the book is essential reading across the arts, humanities and social sciences, as well as for anyone interested in art today.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Inflation, Past and Present: A Conversation with Tyler Goodspeed May 19, 2023

We all know that things are a little more expensive when we head to the grocery store. But what does inflation actually mean? How did we get to where we are, and what happens next? What does history have to say about our current economic situation?

Annika sits down with Tyler Goodspeed of the Hoover Institution. Dr. Goodspeed served in the White House as Acting Chairman of the Council of Economic Advisers from 2020-2021, and was formerly on the Faculty of Economics at the University of Oxford, where he specialized in financial history.

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Mark Paul, "The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights" (U Chicago Press, 2023) May 18, 2023

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life's necessities, those basic conditions for the "pursuit of happiness." For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace--nothing more. As Mark Paul explains, the latter interpretation--thanks in large part to a particularly influential cadre of economists--has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many.

In The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights(University of Chicago Press, 2023), Paul shows how economic rights--rights to necessities like housing, employment, and health care--have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America's founding documents. By drawing on FDR's proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment.

Replete with discussions of some of today's most influential policy ideas--from Medicare for All to a federal job guarantee to the Green New Deal--The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right--to ground America's next era in the country's progressive history and carve a path toward a more economically dynamic and equitable nation.

Mark Paul is an assistant professor of economics at the Bloustein School of Planning and Public Policy at Rutgers University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Claire Provost and Matt Kennard, "Silent Coup: How Corporations Overthrew Democracy" (Bloomsbury, 2023) May 17, 2023

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power.

Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Democracy(Bloomsbury, 2023) by Claire Provost & Matt Kennard is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how resources are allocated, how territories are governed, and how justice is defined.

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

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Carol Graham, "The Power of Hope: How the Science of Well-Being Can Save Us from Despair" (Princeton UP, 2023) May 15, 2023

In a society marked by extreme inequality of income and opportunity, why should economists care about how people feel? The truth is that feelings of well-being are critical metrics that predict future life outcomes. In The Power of Hope: How the Science of Well-Being Can Save Us from Despair (Princeton UP, 2023), economist Carol Graham argues for the importance of hope--little studied in economics at present--as an independent dimension of well-being. Given America's current mental health crisis, thrown into stark relief by COVID, hope may be the most important measure of well-being, and researchers are tracking trends in hope as a key factor in understanding the rising numbers of "deaths of despair" and premature mortality.

Graham, an authority on the study of well-being, points to empirical evidence demonstrating that hope can improve people's life outcomes and that despair can destroy them. These findings, she argues, merit deeper exploration. Graham discusses the potential of novel well-being metrics as tracking indicators of despair, reports on new surveys of hope among low-income adolescents, and considers the implications of the results for the futures of these young adults.

Graham asks how and why the wealthiest country in the world has such despair. What are we missing? She argues that public policy problems--from joblessness and labor force dropout to the lack of affordable health care and inadequate public education--can't be solved without hope. Drawing on research in well-being and other disciplines, Graham describes strategies for restoring hope in populations where it has been lost. The need to address despair, and to restore hope, is critical to America's future.

Joe Tasca is a host and a reporter for the NPR affiliate in Providence, Rhode Island.

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Colin Hoag, "The Fluvial Imagination: On Lesotho’s Water-Export Economy" (U California Press, 2022) May 10, 2023

Landlocked and surrounded by South Africa on all sides, the mountain kingdom of Lesotho became the world's first "water-exporting country" when it signed a 1986 treaty with its powerful neighbor. An elaborate network of dams and tunnels now carries water to Johannesburg, the subcontinent's water-stressed economic epicenter. Hopes that receipts from water sales could improve Lesotho's fortunes, however, have clashed with fears that soil erosion from overgrazing livestock could fill its reservoirs with sediment.

In The Fluvial Imagination: On Lesotho’s Water-Export Economy (U California Press, 2022), Colin Hoag shows how producing water commodities incites a fluvial imagination. Engineering water security for urban South Africa draws attention ever further into Lesotho's rural upstream catchments: from reservoirs to the soils and vegetation above them, and even to the social lives of herders at remote livestock posts. As we enter our planet's water-export era, Lesotho exposes the possibilities and perils ahead.

The book is available open access.

Colin Hoag is Assistant Professor of Anthropology at Smith College.

Alize Arıcan is a Society of Fellows Postdoctoral Scholar at Boston University, focusing on urban anthropology, futurity, care, and migration. Her work has been featured in Environment and Planning D, Current Anthropology, and City & Society, among other journals and public-facing platforms. You can find her on Twitter @alizearican.

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Laurie Parsons, "Carbon Colonialism: How Rich Countries Export Climate Breakdown" (Manchester UP, 2023) May 10, 2023

Climate change is devastating the planet, and globalisation is hiding it. Laurie Parsons's book Carbon Colonialism: How Rich Countries Export Climate Breakdown (Manchester UP, 2023) opens our eyes.

Around the world, leading economies are announcing significant progress on climate change. World leaders are queuing up to proclaim their commitment to tackling the climate crisis, pointing to data that shows the progress they have made. Yet the atmosphere is still warming at a record rate, with devastating effects on poverty and precarity in the world's most vulnerable communities. Are we being deceived? Outsourcing climate breakdown explores the murky practices of exporting a country's environmental impact. A world in which corporations and countries are allowed to maintain a clean, green image while landfills in the world's poorest countries continue to expand and droughts and floods intensify under the auspices of globalisation, deregulation and economic growth. Taking a wide-ranging, culturally engaged approach to the topic, the book shows how this is notonly a technical problem, but a problem of cultural and political systems and structures - from nationalism to economic logic - deeply embedded in our society.

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Stephen Roach, "Accidental Conflict: America, China, and the Clash of False Narratives" (Yale UP, 2022) May 06, 2023

Denial is a classic symptom of codependency ... Lacking a sense of self, codependent partners tend to be hypersensitive to criticism or negative feedback, preferring instead to deflect it onto others. The resulting denial fuels an escalating cycle of blame and conflict that drives codependent partners apart. Unfortunately, this progressively dysfunctional pathology applies all too well to the conflict between the United States and China. The United States sees its trade deficit as China’s fault, as if its own lack of saving had nothing to do with it. China sees its surplus saving and its related current account and trade surpluses as benevolent support for deficit-prone America, as if its own underfunded social safety net and the resulting suppression of personal consumption were not its own doing. Both economies are steeped in denial over the effects of their self-inflicted saving imbalances. Each then turns that denial into blame directed at the other.

– Stephen Roach, Accidental Conflict: America, China, and the Clash of False Narratives (Yale UP, 2022)

In the short span of four years, America and China have entered a trade war, a tech war, and a new Cold War. This conflict between the world’s two most powerful nations wouldn’t have happened were it not for an unnecessary clash of false narratives. America falsely blames its trade and technology threats on China yet overlooks its shaky saving foundation. China falsely blames its growth challenges on America’s alleged containment of market-based socialism, ignoring its failed economic rebalancing.

In a hard-hitting analysis of both nations’ economies, politics, and policies, Stephen Roach argues that much of the rhetoric on both sides is dangerously misguided, amplified by information distortion, and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face. Outlining the disastrous toll of conflict escalation between China and America, Roach offers a new road map to restoring a mutually advantageous relationship.

A rare combination of thought leadership on Wall Street and academia places Stephen Roach in the unique position as a leading practitioner of analytical macroeconomics, and he is one of the country’s most influential economists. A forecaster by training in his early days as a Fed economist, Stephen Roach has long been mindful of the perils of historical extrapolation. As seen through that lens, his vision of the “Next China” grew out of this deep respect for the past as a template for the exciting but daunting possibilities of China’s uncertain future. Roach’s focus on the US-China relationship is an outgrowth of the interplay between two major strands of his professional experience — a leading US economist and an influential analyst of a rising China. Roach’s analyses and opinions on China, the United States, and the global economy have long helped to shape policy debates from Beijing to Washington.

Professor Stephen Roach is a Senior Fellow of the Paul Tsai China Center at Yale Law School. He joined the Yale faculty in 2010 after 30 years at Morgan Stanley, mainly as the firm’s chief economist heading up a highly regarded global team followed by several years as the Hong Kong-based Chairman of Morgan Stanley Asia. He was also a Senior Lecturer at Yale’s School of Management and has drawn on his rich experience and developed popular new courses on Asia — notably "The Next China" and "The Lessons of Japan." His prolific writings also include two other books Unbalanced: The Codependency of America and China (2014), and The Next Asia: Opportunities and Challenges for a New Globalization (2009). The professor’s work has appeared in both domestic and international media, as well as academic journals and in congressional testimony over his long and ongoing career.

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Sarrah Kassem, "Work and Alienation in the Platform Economy: Amazon and the Power of Organization" (Bristol UP, 2023) May 06, 2023

How have platforms transforming the world of work? In Work and Alienation in the Platform Economy: Amazon and the Power of Organisation (Bristol UP, 2023), Sarrah Kassem, a Lecturer and Research Associate in the field of Political Economy at the Institute of Political Science at the University of Tübingen, uses a case study of Amazon to explore issues of alienation and resistance in contemporary working life. The book adapts and develops key Marxist inspired theories to chart the rise of the platforms, and Amazon’s role within this set of both digital and physical industries. Examining warehouses, MTurk, and the broader gig economy, the book offers strategies for resistance and solidarity as well as detailed analysis. It will be essential reading across the social sciences, as well as for anyone interested in work and labour today.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Daron Acemoglu and Simon Johnson, "Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity" (PublicAffairs, 2023) May 05, 2023

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (PublicAffairs, 2023) is a groundbreaking work by bestselling authors Daron Acemoglu and Simon Johnson, in which they challenge conventional wisdom about the role of technology in driving prosperity. The authors argue that technology is not a neutral force working in the public interest but is shaped by the interests and beliefs of the powerful. Those who control technology are the ones who benefit from it, leaving the rest of society with the illusion of progress.

The authors provide a historical account of how technological choices have shaped the course of history, from the appropriation of the economic surplus of the Middle Ages by an ecclesiastical elite to the making of vast fortunes from digital technologies today, while millions of people are pushed towards poverty. The authors emphasize that technological progress can either serve the narrow interests of an elite or become the foundation for widespread prosperity.

The book presents a manifesto for building a better society by using the tremendous digital advances of the last half century to create useful and empowering tools, rather than marginalizing most people through automated work and political passivity. The authors argue that to achieve the true potential of innovation, we need to ensure that technology is creating new jobs and opportunities for everyone. The book offers a vision to reimagine and reshape the path of technology, ensuring that it leads to true shared prosperity.

Power and Progress offers a fresh perspective on how technology shapes our lives and highlights the need for a more democratic approach to technological progress. The book provides a compelling argument that the path of technology is not predetermined but can be brought under control to ensure that it benefits everyone, not just a few powerful individuals or corporations. The authors provide an insightful analysis of the power dynamics that underlie technological progress, and their manifesto for a better society is a call to action for policymakers, business leaders, and individuals alike.

Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.

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Jack Buffington, "Reinventing the Supply Chain: A 21st-Century Covenant with America" (Georgetown UP, 2023) May 05, 2023

When the COVID-19 pandemic led to a global economic "shutdown" in March 2020, our supply chains began to fail, and out-of-stocks and delivery delays became the new norm. Contrary to public perception, the pandemic strain did not break the current system of supply chains; it merely exposed weaknesses and fault lines that were decades in the making, and which were already acutely felt in deindustrialized cities and depopulated rural towns throughout the United States.

Reinventing the Supply Chain: A 21st-Century Covenant with America(Georgetown UP, 2023) explores the historical role of supply chains in the global economy, outlines where the system went wrong and what needs to be done to fix it, and demonstrates how a retooled supply chain can lead to the revitalization of American communities. Jack Buffington proposes a transformation of the global supply chain system into a community-based value chain, led by the communities themselves and driven by digital platforms for raising capital and blockchain technology.

Buffington proposes new solutions to problems that have been decades in the making. With clear analysis and profound insight, Buffington provides a clear roadmap to a more durable and efficient system.

Jack Buffington is an assistant professor of the practice in supply chain management in the marketing department at the Daniels College of Business.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Susan Hartman, "City of Refugees: The Story of Three Newcomers Who Breathed Life into a Dying American Town" (Beacon Press, 2022) May 02, 2023

How can scholars employ the practices and techniques of investigative journalism?

Susan Hartman provides an answer in her intimate look at refugee experience in the United States. In City of Refugees: The Story of Three Newcomers Who Breathed Life Into A Dying American Town (Beacon Press 2022), Hartman introduces readers to Utica, a small Rust Belt city located in upstate New York, just 250 miles north of Manhattan. The city provides the backdrop as Hartman examines the lives of three refugees: a Somali Bantu teenager who straddles the expectations of her Somali mother and those of her American peers; an Iraqi interpreter who worked with the American military in Baghdad; and a Bosnian entrepreneur who finally achieves her American dream of opening a café and bakery in March 2020.

Across 48 short chapters, Hartman traces how Utica’s economic and cultural renewal is tied to the city’s policy of welcoming refugees from across the globe. But not everyone is happy as locals often seen refugees as foreigners who steal jobs, drain public coffers and overwhelm social services. But, as Hartman ably demonstrates, refugees bring their energy and wit in rebuilding their lives and growing new communities in cities such Utica. In the process, readers learn of the ways in which refugees have invigorated rust belt cities, long characterized by declining industry, decrepit factories and aging populations. The book ends with a caution: America’s closed door refugee policy threatens the well-being of Americans and refugees alike.

Susan Thomson is Professor of Peace and Conflict Studies at Colgate University. I like to interview pretenure scholars about their research. I am particularly keen on their method and methodology, as well as the process of producing academic knowledge about African places and people.

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Darrel Moellendorf, "Mobilizing Hope: Climate Change and Global Poverty" (Oxford UP, 2022) May 01, 2023

The news concerning climate change isn’t good. The warming of our planet now threatens to trap millions of people in extreme poverty while destabilizing the global order in ways that exacerbate existing global inequalities. Mitigation and adaptation strategies, even if adhered to, may not be sufficient. The situation seems hopeless.

However, in Mobilizing Hope: Climate Change and Global Poverty (Oxford UP, 2022), Darrel Moellendorf argues that there not only is reason to hope that we might successfully address the climate crisis, but also reason to mobilize hope – to act now in ways that can forge the kind of global solidarity necessary to meet the challenge of climate change.

Robert Talisse is the W. Alton Jones Professor of Philosophy at Vanderbilt University.

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Brian Domitrovic, "The Emergence of Arthur Laffer: The Foundations of Supply-Side Economics in Chicago and Washington, 1966–1976" (Palgrave Macmillan, 2021) May 01, 2023

The Emergence of Arthur Laffer: The Foundations of Supply-Side Economics in Chicago and Washington, 1966–1976 (Palgrave Macmillan, 2021) explores the origins of Arthur Laffer’s economic theories and how they became a part of mainstream economic policy. Utilizing interviews and archival material, Laffer’s life is traced from his early education through to his time working for the Nixon and Reagan administrations. Laffer’s influence on Reaganomics is discussed alongside the development of supply-side economics, the shift towards neoliberal policies, and the Laffer curve. This book aims to contextualize the work of Laffer within archival research and wider economic trends. It will be relevant researchers and policy makers interested in the history of economic thought and the political economy.

Brian Domitrovic is the Richard S. Strong Scholar at the Laffer Center.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Brett Christophers, "Our Lives in Their Portfolios: Why Asset Managers Own the World" (Verso, 2023) Apr 25, 2023

Banks have taken a backseat since the global financial crisis over a decade ago. Today, our new financial masters are asset managers, like Blackstone and BlackRock. And they don't just own financial assets. The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and even the homes in which many of us live-all now swell asset managers' bulging investment portfolios.

As the owners of more and more of the basic building blocks of everyday life, asset managers shape the lives of each and every one of us in profound and disturbing ways. In Our Lives in Their Portfolios: Why Asset Managers Own the World (Verso, 2023), Brett Christophers peels back the veil on "asset manager society." Asset managers, he shows, are unlike traditional owners of housing and other essential infrastructure. Buying and selling these life-supporting assets at a dizzying pace, the crux of their business model is not long-term investment and careful custodianship but making quick profits for themselves and the investors that back them.

In asset manager society, the natural and built environments that sustain us become one more vehicle for siphoning money from the many to the few.

Brett Christophers is a professor in the Department of Human Geography and the Institute for Housing and Urban Research at Uppsala University in Sweden. His previous books include The New Enclosure: The Appropriation of Public Land in Neoliberal Britain (2019) and Rentier Capitalism: Who Owns the Economy, and Who Pays for It? (2020).

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

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Kerri Lynn Stone, "Panes of the Glass Ceiling: The Unspoken Beliefs Behind the Law's Failure to Help Women Achieve Professional Parity" (Cambridge UP, 2022) Apr 21, 2023

More than fifty years of civil rights legislation and movements have not ended employment discrimination. Kerri Lynn Stone's Panes of the Glass Ceiling: The Unspoken Beliefs Behind the Law's Failure to Help Women Achieve Professional Parity (Cambridge UP, 2022) reframes the discourse about the "glass ceiling" that women face with respect to workplace inequality. It explores the unspoken, societally held beliefs that underlie and engender workplace behaviour and failures of the law, policy, and human nature that contribute "panes" and ("pains") to the "glass ceiling." Each chapter identifies an "unspoken belief" and connects it with failures of law, policy, and human nature. It then describes the resulting harm and shows how this belief is not imagined or operating in a vacuum, but is pervasive throughout popular culture and society. By giving voice to previously unvoiced - even taboo - beliefs, we can better address and confront them and the problems they cause.

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Quinn Slobodian, "Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy" (Metropolitan, 2023) Apr 17, 2023

Look at a map of the world and you'll see a colorful checkerboard of nation-states. But this is not where power actually resides. Over the last decade, globalization has shattered the map into different legal spaces: free ports, tax havens, special economic zones. With the new spaces, ultracapitalists have started to believe that it is possible to escape the bonds of democratic government and oversight altogether.

Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy(Metropolitan Books, 2023) follows the most notorious radical libertarians--from Milton Friedman to Peter Thiel--around the globe as they search for the perfect space for capitalism. Historian Quinn Slobodian leads us from Hong Kong in the 1970s to South Africa in the late days of apartheid, from the neo-Confederate South to the former frontier of the American West, from the medieval City of London to the gold vaults of right-wing billionaires, and finally into the world's oceans and war zones, charting the relentless quest for a blank slate where market competition is unfettered by democracy.

A masterful work of economic and intellectual history, Crack-Up Capitalism offers both a new way of looking at the world and a new vision of coming threats. Full of rich details and provocative analysis, Crack-Up Capitalism offers an alarming view of a possible future.

Quinn Slobodian is a professor of the history of ideas at Wellesley College.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Paul Kenny, "Why Populism?: Political Strategy from Ancient Greece to the Present" (Cambridge UP, 2023) Apr 17, 2023

The rise to power of populists like Donald Trump is usually attributed to the shifting values and policy preferences of voters-the demand side. Paul Kenny's Why Populism?: Political Strategy from Ancient Greece to the Present(Cambridge UP, 2023) shifts the public debate on populism and examines the other half of the equation-the supply side. Kenny argues that to understand the rise of populism is to understand the cost of different strategies for winning and keeping power. For the aspiring leader, populism-appealing directly to the people through mass communication-can be a quicker, cheaper, and more effective strategy than working through a political party. Probing the long history of populism in the West from its Ancient Greek roots to the present, this highly readable book shows that the 'economic laws of populism are constant.' 'Forget ideology. Forget resentment. Forget racism or sexism.' Populism, the author writes, is the result of a hidden strategic calculus.

Paul Kenny is Professor of Political Science at IHSS at Australian Catholic University and a Visiting Fellow at the Australian National University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Charles Read, "Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825" (Palgrave MacMillan, 2023) Apr 16, 2023

Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825 (Palgrave Macmillan, 2023) by Dr. Charles Read exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s.

Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its history—between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard.

Economists and policymakers have asked what can be learnt from Britain’s experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britain’s financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences.

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

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Harold James, "Seven Crashes: The Economic Crises That Shaped Globalization" (Yale UP, 2023) Apr 15, 2023

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization.

James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments.

To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020.

Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments.

Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.

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Food Routes: Growing Bananas in Iceland and Other Tales from the Logistics of Eating Apr 13, 2023

On the latest episode of The MIT Press podcast, Robyn Metcalfe, food historian and food futurist, discusses her new book, Food Routes: Growing Bananas in Iceland and Other Tales from the Logistics of Eating.

Even if we think we know a lot about good and healthy food—even if we buy organic, believe in slow food, and read Eater—we probably don't know much about how food gets to the table. What happens between the farm and the kitchen? Why are all avocados from Mexico? Why does a restaurant in Maine order lamb from New Zealand? In Food Routes, Robyn Metcalfe explores an often-overlooked aspect of the global food system: how food moves from producer to consumer. She finds that the food supply chain is adapting to our increasingly complex demands for both personalization and convenience—but, she says, it won't be an easy ride.

Networked, digital tools will improve the food system but will also challenge our relationship to food in anxiety-provoking ways. It might not be easy to transfer our affections from verdant fields of organic tomatoes to high-rise greenhouses tended by robots. And yet, argues Metcalfe—a cautious technology optimist—technological advances offer opportunities for innovations that can get better food to more people in an increasingly urbanized world.

Metcalfe follows a slice of New York pizza and a club sandwich through the food supply chain; considers local foods, global foods, and food deserts; investigates the processing, packaging, and storage of food; explores the transportation networks that connect farm to plate; and explains how food can be tracked using sensors and the Internet of Things. Future food may be engineered, networked, and nearly independent of crops grown in fields. New technologies can make the food system more efficient—but at what cost to our traditionally close relationship with food?

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Kirstin Munro, "The Production of Everyday Life in Eco-Conscious Households" (Bristol UP, 2023) Apr 12, 2023

Based on qualitative interviews with sustainability-oriented parents of young children, Kirstin Munro's book The Production of Everyday Life in Eco-Conscious Households (Bristol UP, 2023) describes what happens when people make interventions into mundane and easy-to-overlook aspects of everyday life to bring the way they get things done into alignment with their environmental values. Because the ability to make changes is constrained by their culture and capitalist society, there are negative consequences and trade-offs involved in these household-level sustainability practices. The households described in this book shed light on the full extent of the trade-offs involved in promoting sustainability at the household level as a solution to environmental problems.

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Rajesh Veeraraghavan, "Patching Development: Information Politics and Social Reform in India" (Oxford UP, 2022) Apr 11, 2023

Rajesh Veeraraghavan’s Patching Development: Information Politics and Social Change in India (Oxford University Press, 2022) offers the first ethnographically grounded perspective on the Mahatma Gandhi National Rural Employment Guarantee Act (2005), which was promulgated as a welfare oriented ‘right to work’ scheme by the Indian Parliament at the recommendation of civil society organizations and development economists like Jean Dréze.

The book presents a granular case study of the implementation of the scheme in the southern Indian state of Andhra Pradesh, and more specifically, the process of “auditing” that addresses many of the information and technological asymmetries that exist on-the-ground. Veeraraghavan also takes us to Araria, Bihar and his initial research forays in the field (where I first met him as one of the volunteer facilitators of a social audit myself) to show the tensions in the production of these audits, and the difficulty in having marginalized citizens’ voices heard in the face of local elite pressure. Given the complexities that animate the delivery of a scheme from abstract law to tangible results like finished roads and money received by those who performed the labor to finish those roads, success itself is never a guarantee.

In order mitigate these kinds of uncertainties, he argues that these landscapes are navigated by bureaucrats to produce a socio-technical, infrastructural system reliant on the mechanism of ‘patching,’—instantly familiar to anyone who has done any work in software development. Patching, here, implies an iterative and evolving practice of measuring and responding to outcomes. In the process, Veeraraghavan powerfully and persuasively makes the case for playing closer attention to how information technology and politics mix, in rural India—unsettling the narrative of urban spaces as the primary bearers of and responders to technology, and urging a thorough reexamination of development studies and science and technology studies paradigms.

Archit Guha is a PhD researcher in the Duke University History Department.

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James J. Park, "The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies" (Cambridge UP, 2022) Apr 07, 2023

Public companies now face constant pressure to meet investor expectations. A company must continually deliver strong short-term performance every quarter to maintain its stock price. This valuation treadmill creates incentives for corporations to deceive investors. Published more than twenty years after the passage of Sarbanes-Oxley, which requires all public companies to invest in measures to ensure the accuracy of their disclosures, The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies(Cambridge University Press, 2022) shows how securities fraud became a major regulatory concern. Drawing on case studies of paradigmatic securities enforcement actions involving Xerox, Penn Central, Apple, Enron, Citigroup, and General Electric, the book argues that corporate securities fraud emerged as investors increasingly valued companies based on their future performance. Corporations now have an incentive to issue unrealistically optimistic disclosure to convince markets that their success will continue. Securities regulation must do more to protect the integrity of public companies from the pressure of the valuation treadmill.

James J. Park is Professor of Law at UCLA School of Law.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Alan Blinder, "A Monetary and Fiscal History of the United States, 1961-2021" (Princeton UP, 2022) Apr 06, 2023

Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy. Focusing on the most significant developments and long-term changes, Alan Blinder traces the highs and lows of monetary and fiscal policy, which have cooperated and clashed through many recessions and several long booms over the past six decades. From the fiscal policy of Kennedy's New Frontier to Biden's responses to the pandemic, the book takes readers through the stagflation of the 1970s, the conquest of inflation under Jimmy Carter and Paul Volcker, the rise of Reaganomics, and the bubbles of the 2000s before bringing the story up through recent events, including the financial crisis, the Great Recession, and monetary policy during COVID-19. A lively and concise narrative, A Monetary and Fiscal History of the United States, 1961-2021(Princeton University Press, 2022) is filled with vital lessons for anyone who wants to better understand where the economy has been and where it might be headed.

Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University, a former vice chair of the Federal Reserve Board, and a former member of the President's Council of Economic Advisers.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Mark Robert Rank, "The Poverty Paradox: Understanding Economic Hardship Amid American Prosperity" (Oxford UP, 2023) Mar 29, 2023

The paradox of poverty amidst plenty has plagued the United States throughout the 21st century--why should the wealthiest country in the world also have the highest rates of poverty among the industrialized nations? Based on his decades-long research and scholarship, one of the nation's leading authorities provides the answer. In The Poverty Paradox: Understanding Economic Hardship Amid American Prosperity (Oxford UP, 2023), Mark Robert Rank develops his unique perspective for understanding this puzzle.

The approach is what he has defined over the years as structural vulnerability. Central to this new way of thinking is the distinction between those who lose out at the economic game versus why the game produces losers in the first place. Americans experiencing poverty tend to have certain characteristics placing them at a greater risk of impoverishment. Yet poverty results not from these factors, but rather from a lack of sufficient opportunities in society. In particular, the shortage of decent paying jobs and a strong safety net are paramount.

Based upon this understanding, Rank goes on to detail a variety of strategies and programs to effectively alleviate poverty in the future. Implementing these policies has the added benefit of reinforcing several of the nation's most important values and principles. The Poverty Paradox represents a game changing examination of poverty and inequality. It provides the essential blueprint for finally combatting this economic injustice in the years ahead.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Winning & Losing in the Emerging EV Wars/The Aftershocks of the EV Transition Could Be Ugly Mar 27, 2023

Robert Charette, engineer, consultant, and contributing editor at IEEE Spectrum magazine, talks about his twelve-part series, “The Electric Vehicle Transition Explained,” with Peoples & Things host, Lee Vinsel. The series takes a systems perspective on electric vehicles, and talks about all of the potential barriers – from a lack of minerals, to stressing out the electricity grid, to being short on consumers or workers – that face EVs, which are too often cast as a climate change cure-all. Charette and Vinsel also talk about the kinds of thinking that are necessary if we are to have realistic policies around EVs.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech.

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Robert L. Hetzel, "Does the FOMC Have a Viable Strategy for Controlling Inflation?" (2023) Mar 25, 2023

Robert L. Hetzel presented a paper at the Dallas Fed conference on February 9th, 2023 titled, “Does the Federal Open Market Committee Have a Viable Strategy for Controlling Inflation?” The Federal Open Market Committee or FOMC sets monetary policy for the United States with the objectives of price stability and full employment. In mid-2021, inflation began to rise, reaching its highest level in 40 years. In response, the FOMC raised interest rates and hinted at broader policy shifts. In his paper, Robert makes sense of the current challenges facing monetary policy and considers the best routes for the FOMC to take to avoid a hard landing.

Robert L. Hetzel is a visiting scholar at the Federal Reserve Bank of Chicago and a senior affiliated scholar at the Mercatus Center at George Mason University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Katherine S. Newman and Elisabeth S Jacobs, "Moving the Needle: What Tight Labor Markets Do for the Poor" (U California Press, 2023) Mar 25, 2023

Katherine S. Newman and Elisabeth S Jacobs' book Moving the Needle: What Tight Labor Markets Do for the Poor (U California Press, 2023) is a timely investigation reveals how sustained tight labor markets improve the job prospects and life chances of America’s most vulnerable households.

Most research on poverty focuses on the damage caused by persistent unemployment. But what happens when jobs are plentiful, and workers are hard to come by? Moving the Needle examines how very low unemployment boosts wages at the bottom, improves benefits, lengthens job ladders, and pulls the unemployed into a booming job market.

Drawing on over seventy years of quantitative data, as well as interviews with employers, jobseekers, and longtime residents of poor neighborhoods, Katherine S. Newman and Elisabeth S. Jacobs investigate the most durable positive consequences of tight labor markets. They also consider the downside of overheated economies that can ignite surging rents and spur outmigration. Moving the Needle is an urgent and original call to implement policies that will maintain the current momentum and prepare for potential slowdowns that may lie ahead.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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Leon Wansleben, "The Rise of Central Banks: State Power in Financial Capitalism" (Harvard UP, 2023) Mar 23, 2023

While central banks have gained remarkable influence over the past fifty years, promising more stability, global finance has gone from crisis to crisis. How do we explain this development? Drawing on original sources ignored in previous research, The Rise of Central Banks: State Power in Financial Capitalism(Harvard University Press, 2023) offers a groundbreaking account of the origins and consequences of central banks' increasing clout over economic policy.

Many commentators argue that ideas drove change, indicating a shift in the 1970s from Keynesianism to monetarism, concerned with controlling inflation. Others point to the stagflation crises, which put capitalists and workers at loggerheads. Capitalists won, the story goes, then pushed deregulation and disinflation by redistributing power from elected governments to markets and central banks. Both approaches are helpful, but they share a weakness. Abstracting from the evolving practices of central banking, they provide inaccurate accounts of recent policy changes and fail to explain how we arrived at the current era of easy money and excessive finance.

By comparing developments in the United States, the United Kingdom, Germany, and Switzerland, Leon Wansleben finds that central bankers' own policy innovations were an important ingredient of change. These innovations allowed central bankers to use privileged relationships with expanding financial markets to govern the economy. But by relying on markets, central banks fostered excessive credit growth and cultivated an unsustainable version of capitalism. Through extensive archival work and numerous interviews, Wansleben sheds new light on the agency of bureaucrats and calls upon society and elected leaders to direct these actors' efforts to more progressive goals.

Caleb Zakarin is the Assistant Editor of the New Books Network.

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Weijian Shan, "Money Machine: A Trailblazing American Venture in China" (Wiley, 2023) Mar 23, 2023

In 2010, Ping An took over Shenzhen Development Bank, ending an experiment that had never been tried before, and not been tried since: a foreign company owning and managing a Chinese bank. Newbridge Capital, a private equity firm, shocked the financial world when it agreed to take over the bank five years earlier–and successfully made it a pioneer.

Weijian Shan, then a partner in Newbridge Capital, writes about the whole escapade in his third book Money Machine: A Trailblazing American Venture in China(Wiley: 2023), from when the deal first started, through its many reforms, to Newbridge’s final exit.

In this interview, Shan and I talk about the trailblazing deal to take over Shenzhen Development Bank, how important that was in the story of China’s development–and whether private equity gets a bad rap.

Weijian Shan is co-founder and executive chairman of PAG, a leading private equity firm in Asia. Prior to his career in private equity, Shan was, at different times, a managing director at JP Morgan and a professor at the Wharton School of the University of Pennsylvania. He is also the author of Out of the Gobi: My Story of China and America (Wiley: 2019) and Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank (Wiley: 2020).

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books.. Follow on Twitter at @BookReviewsAsia.

Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.

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Todd McGowan, "Capitalism and Desire: The Psychic Cost of Free Markets" (Columbia UP, 2016) Mar 23, 2023

If you have ever gotten excited over buying a new object only to feel let down once you acquire it, then today’s discussion will be relevant to you. My guest is Todd McGowan, author of the book Capitalism and Desire: The Psychic Cost of Free Markets (2016, Columbia University Press). We discuss his critique of capitalism as a system that encourages us to forever chase satisfactions that never come. And we explore his suggestion that true satisfaction lies in the wanting, not the acquiring. It’s a fascinating conversation that will radically change the way you approach everyday consumption and how you think about your own satisfaction.

Todd McGowan is professor of film studies at the University of Vermont. He is the author of several other books, including Enjoying What We Don’t Have: The Political Project of Psychoanalysis (2013, University of Nebraska Press), Only a Joke Can Save Us: A Theory of Comedy (2017, Northwestern University Press), and Universality and Identity Politics (2020, Columbia University Press). He is also co-host, along with Ryan Engley, of the podcast Why Theory.

Eugenio Duarte, Ph.D. is a psychoanalyst and clinical psychologist practicing in Miami. He treats individuals and couples, with specialties in gender and sexuality, eating and body image problems, and relationship issues. He is a graduate and faculty of William Alanson White Institute in Psychiatry, Psychoanalysis, and Psychology in New York City and former chair of their LGBTQ Study Group; and faculty at Florida Psychoanalytic Institute in Miami. He is a contributing author to the books Introduction to Contemporary Psychoanalysis: Defining Terms and Building Bridges (2018, Routledge) and Patriarchy and its Discontents: Psychoanalytic Perspectives (2023, Routledge) and has published on issues of gender, sexuality, and sexual abuse.

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The Future of Genes and Equality: A Discussion with Kathryn Paige Harden Mar 22, 2023

If your genes make you better suited to succeed, is that fair? And if not, can anything be done about it? Kathryn Paige Harden – professor psychology at University of Texas in Austin – tells Owen Bennett Jones that we should acknowledge the difference in our genetic make ups and then set about thinking about how to make a fairer society in the light of this differences. Harden is the author of The Genetic Lottery: Why DNA Matters for Social Equality (Princeton UP, 2021).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Left to Our Own Devices: A Conversation with Julia Ticona Mar 20, 2023

Over the past three decades, digital technologies like smartphones and laptops have transformed the way we work in the US. At the same time, workers at both ends of the income ladder have experienced rising levels of job insecurity and anxiety about their economic futures. In Left to Our Own Devices: Coping with Insecure Work in a Digital Age(Oxford UP, 2022), Julia Ticona explores the ways that workers use their digital technologies to navigate insecure and flexible labor markets. Through 100 interviews with high and low-wage precarious workers across the US, she explores the surprisingly similar "digital hustles" they use to find work and maintain a sense of dignity and identity. Ticona then reveals how the digital hustle ultimately reproduces inequalities between workers at either end of polarized labor markets.

A moving and accessible look at the intimate consequences of contemporary capitalism, Left to Our Own Devices will be of interest to sociologists, communication and media studies scholars, as well as a general audience of readers interested in digital technologies, inequality, and the future of work in the US.

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From China's Lost Generation to American Private Equity Professor Mar 19, 2023

Having lived through both China’s Great Leap Forward during primary school, then the Cultural Revolution and the closing of schools for ten years, Beijing-born Weijian Shan, instead of a secondary school education spent six hard years in the Gobi Desert with the Army Construction Corps.

Remarkably, the young Shan made it to a PhD program at UC Berkeley where he met his academic advisor, then Professor Janet Yellen, later U.S. Treasury Secretary. (Somewhat ironically now attending to the insolvencies of Silicon Valley Bank and Signature Bank). Shan goes on to become a Wharton School business professor before moving into investment banking and private equity investing making financial business history with the successful takeover and turnaround of failed banks in South Korea and China.

Both generous with his time and patient with my questions, Dr. Shan is currently the CEO at PAG, a private equity firm managing assets of some $50 billion. We discussed the books in chronological order with a few tangents that Shan used to both clarify and instruct such as:

his 2006 public debate with World Bank economists about Chinese profitability;
why his generation truly is a ‘Lost Generation’;
his career and transitions including, among other things, the connection between recent financial crises and the basics of sound financial banking systems;
lessons from and advice for business negotiation;
the importance of leadership, and his two keys to an ‘ownership’ mentality.

All within the context of his well-written and interesting narratives providing personal accounts of life during the Cultural Revolution period in China, as well as historic overseas private equity bank deals as described by the publisher, Wiley and Sons, adapted below:

Out of the Gobi: My Story of China and America draws a vivid picture of the raw human energy and the will to succeed against all odds. Shan, a former hard laborer who is now one of Asia's best-known financiers, is thoughtful, observant, eloquent, and brutally honest, making him well-positioned to tell the story of a life that is a microcosm of modern China, and of how, improbably, that life became intertwined with America. This powerful and personal perspective on China and America will inform Americans' view of China, humanizing the country, while providing a rare view of America from the prism of a keen foreign observer who lived the American dream. (2019)
Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the Asian arm of an American firm, Newbridge Capital. Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions. (2020)
In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated. (2023)

Keith Krueger teaches at the Sydney Business School at Shanghai University - can be reached at keith.krueger1@uts.edu.au or keithNBn@gmail.com.

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Hernán Flom, "The Informal Regulation of Criminal Markets in Latin America" (Cambridge UP, 2022) Mar 16, 2023

Political Scientist Hernán Flom has written a fascinating and nuanced analysis of how the criminal drug markets operate in Argentina and Brazil. Instead of tracking the path that illegal drugs take or examining how the criminal justice system works in Latin American countries, Flom has focused, instead, on the illegal drug markets as economic and political institutions to examine how they actually operates within Brazil and Argentina. From this perspective, we learn quite a lot about market forces, civilian and police institutions, and “law and order” approaches in both these countries. The Informal Regulation of Criminal Markets in Latin America(Cambridge UP, 2022) provides a comparative analysis of the criminal markets in these two countries—Brazil and Argentina—as well as differentiating between how these markets work in larger, urban centers, and in smaller cities. This effectively teases out distinctions between how police work with or against these criminal markets, and how the local and national politicians often articulate distinct approaches to how to manage criminal enterprises.

The Informal Regulation of Criminal Markets in Latin America examines patterns in the relationships between police, politicians, drug cartels, and criminal actors. These patterns are not necessarily new, but as Flom makes clear, they operate in different ways in different venues and with regard to different types of informal arrangements. In doing a cross national comparison as well as internal comparisons within country, Flom has been able to get at some distinctions that come from the colonial past that has also led to different racial configurations in these comparative urban environments. The research also measures different levels of both police and criminal violence, to gage the kinds of relationships that may be in place between these often-opposing entities. The relationship between the police, as subnational units, and politicians also figures into the various levels of police violence. The Informal Regulations of Criminal Markets in Latin America gets at the key variables that come into play in regard to police conduct and the kinds of policies that politicians are both articulating and trying to implement—often through the police.

This is a multi-dimensional analysis that explores criminal markets from important and unique perspectives. Flom worked at the National Ministry of Security in Argentina during the course of this research, and he is able to bring his scholarly expertise as well as his own experience to the research and analysis, making this a particularly rich comparison across countries and urban centers within those countries.

Lilly J. Goren is a professor of political science at Carroll University in Waukesha, WI. She is co-editor of The Politics of the Marvel Cinematic Universe (University Press of Kansas, 2022), as well as co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), Email her comments at lgoren@carrollu.edu or tweet to @gorenlj.

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Mareike Schomerus, "Lives Amid Violence: Transforming Development in the Wake of Conflict" (Bloomsbury, 2023) Mar 15, 2023

Violent conflict and its aftermath are pressing problems, particularly for international development initiatives. However, the results of development in conflict contexts have generally been disappointing and their preventative potential thus questionable. Lives Amid Violence: Transforming Development in the Wake of Conflict (Bloomsbury, 2023) by Dr. Mareike Schomerus argues that this is because practitioners adhere to a mental model that emphasises linearity, certainty, and causality, assuming that violence is best addressed through work plans that deliver state-building, stabilisation and services. Based on ten years of multi-method research from, in, and on conflict-affected countries, this book challenges this approach.

Drawing on a significant collaborative body of scholarship, Dr. Schomerus puts forward original and generalizable conclusions about how lives amid violence persist, offering an invitation to abandon restricting mental models and to embrace creative ways of thinking and working. These include paying attention to the long-term effects of conflict on individual behaviour and decision-making, the social realities of economic life, the role service delivery plays in negotiations between citizens and states, and to creating meaningful relationships. Transformation also requires reflection and therefore the book concludes with constructive suggestions on how to practice these insights to better support those whose lives are shaped by violence.

This book is available open access here.

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

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Sango Mahanty, "Unsettled Frontiers: Market Formation in the Cambodia-Vietnam Borderlands" (Cornell UP, 2022) Mar 15, 2023

Like other global frontiers, the Cambodia-Vietnam borderlands are a hotspot for migration, land claims, and markets for newly introduced commodities. These topics and more are the focus of Sango Mahanty’s recent book, Unsettled Frontiers: Market Formation in the Cambodia-Vietnam Borderlands (Cornell University Press, 2022). The book argues that frontier agricultural markets emerge from diverse commodity networks that constitute a dynamic and disruptive market ‘rhizome.’ In this podcast, Sango addresses several related themes, including: the relationship between frontiers and borderlands in this region; the role of rural migration and land-claiming in frontier markets; the nexus between market formation and state formation; and what it means to think ‘rhizomically’ about frontier markets. Sango also touches on how these insights translate to ongoing processes of social and environmental change, such as those imposed by climate change.

Sango Mahanty is Professor in the Resources, Environment, and Development Program at the ANU Crawford School of Public Policy. Sango is a critical geographer who studies the politics of green economies, frontier markets and nature-society transformations in Cambodia and Vietnam.

Professor Michele Ford is the Director of the Sydney Southeast Asia Centre, a university-wide multidisciplinary center at the University of Sydney, Australia.

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Russ Roberts, "Wild Problems: A Guide to the Decisions That Define Us" (Portfolio, 2022) Mar 15, 2023

Algorithms and apps analyze data and tell you how to beat the traffic, what books to buy, what music to listen to, and even who to date—often with great results. But what do you do when you face the big decisions of life—the "wild problems" of who to marry, whether to have children, where to move, how to forge a life well-lived—that can’t be solved by measurement or calculation?

In Wild Problems: A Guide to the Decisions That Define Us (Portfolio, 2022), president of Shalem College and host of EconTalk, Russ Roberts offers puzzled rationalists a way to address these wild problems. He suggests spending less time and energy on the path that promises the most happiness, and more time on figuring out who you actually want to be. He draws on the experience of great artists, writers, and scientists of the past who found creative ways to navigate life’s biggest questions. And he lays out strategies for reducing the fear and the loss of control that inevitably come when a wild problem requires a leap in the dark.

Ultimately, Roberts asks us to see ourselves and our lives less as a problem to be solved than a mystery to be experienced. There's no right decision waiting to be uncovered by an app or rational analysis. Reality is harder than that and, perhaps, a little more interesting.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il. She's on Twitter @embracingwisdom. She blogs here.

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Toby Green and Thomas Fazi, "The Covid Consensus: The Global Assault on Democracy and the Poor—A Critique from the Left" (Hurst, 2023) Mar 12, 2023

During the first months of the pandemic, governments worldwide agreed that ‘following the science’ with hard lockdowns and vaccine mandates was the best way to preserve life. But evidence is mounting that ‘the science’ was all politics and time reveals the horrific human and economic cost of these policies.

The Covid Consensus: The Global Assault on Democracy and the Poor—A Critique from the Left(Hurst, 2023) provides an internationalist-left perspective on the world’s Covid-19 response, which has had devastating consequences for democratic rights and the poor worldwide. As the fortunes of the richest soared, nationwide shutdowns devastated small businesses, the working classes, and the Global South’s informal economies.

Toby Green and Thomas Fazi argue that these policies grossly exacerbated existing trends of inequality, mediatisation and surveillance, with grave implications for the future. Rich in human detail, The Covid Consensus tackles head-on the refusal of the global political class and mainstream media to report the true extent of the erosion of democratic processes and the socioeconomic assault on the poor.

Toby Green and Thomas Fazi speak to Pierre d’Alancaisez about the emergence of a global consensus, the abject failure of the left to hold power to account, and the sometimes fine line between critique and conspiracy theorising.

Richard Seymour’s critique of the book on Politics, Theory, Other.

Toby Green is Professor of African History at King’s College London, and author ofA Fistful of Shells and The Rise of the Trans-Atlantic Slave Trade in Western Africa.

Thomas Fazi is the author and co-author of several books on economic and political issues, including Reclaiming the State. His article with Toby Green for UnHerd, The Left’s Covid Failure, was translated into ten languages. He is a regular contributor to Compact.

Pierre d’Alancaisez is a contemporary art curator, cultural strategist, researcher. Sometime scientist, financial services professional.

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Arve Hansen, "Consumption and Vietnam’s New Middle Classes: Societal Transformations and Everyday Life" (Springer, 2022) Mar 10, 2023

In this episode, we discuss Arve Hansen’s new book Consumption and Vietnam’s New Middle Classes: Societal Transformations and Everyday Life (Springer, 2022). In this book, Hansen studies the dramatic changes in consumption patterns in Vietnam over the past decades, focusing on how everyday life changes in the context of rapid economic development and capitalist transformations.

How does a consumer society emerge and take shape in Vietnam’s socialist market economy? What is consumer socialism? Why should we study the consumption patterns of Asia’s new middle classes, and are there similarities between the middle classes in Vietnam and India? To discuss these questions, we are joined by the author and Manisha Anantharaman

Manisha Anantharaman, associate professor of Justice, Community and Leadership at Saint Mary's College of California in the Bay Area. She teaches and does research on the politics of sustainability, and has among many other things written extensively on the ‘environmentalism’ of India’s middle classes.

Arve Hansen is a human geographer at the Centre for Development and the Environment at the University of Oslo, teaching and researching consumption and sustainability with particular focus on Vietnam. He also leads the Norwegian Network for Asian Studies with Kenneth Bo Nielsen.

Kenneth Bo Nielsen is an Associate Professor at the dept. of Social Anthropology at the University of Oslo and one of the leaders of the Norwegian Network for Asian Studies.

The Nordic Asia Podcast is a collaboration sharing expertise on Asia across the Nordic region, brought to you by the Nordic Institute of Asian Studies (NIAS) based at the University of Copenhagen, along with our academic partners: the Centre for East Asian Studies at the University of Turku, and Asianettverket at the University of Oslo.

We aim to produce timely, topical and well-edited discussions of new research and developments about Asia.

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Martin K. Dimitrov, "Dictatorship and Information: Authoritarian Regime Resilience in Communist Europe and China" (Oxford UP, 2023) Mar 07, 2023

Fear pervades dictatorial regimes. Citizens fear leaders, the regime's agents fear superiors, and leaders fear the masses. The ubiquity of fear in such regimes gives rise to the "dictator's dilemma," where autocrats do not know the level of opposition they face and cannot effectively neutralize domestic threats to their rule. The dilemma has led scholars to believe that autocracies are likely to be short-lived.

Yet, some autocracies have found ways to mitigate the dictator's dilemma. As Martin K. Dimitrov shows in Dictatorship and Information: Authoritarian Regime Resilience in Communist Europe and China (Oxford UP, 2023), substantial variability exists in the survival of nondemocratic regimes, with single-party polities having the longest average duration. Offering a systematic theory of the institutional solutions to the dictator's dilemma, Dimitrov argues that single-party autocracies have fostered channels that allow for the confidential vertical transmission of information, while also solving the problems associated with distorted information.

To explain how this all works, Dimitrov focuses on communist regimes, which have the longest average lifespan among single-party autocracies and have developed the most sophisticated information-gathering institutions. Communist regimes face a variety of threats, but the main one is the masses. Dimitrov therefore examines the origins, evolution, and internal logic of the information-collection ecosystem established by communist states to monitor popular dissent. Drawing from a rich base of evidence across multiple communist regimes and nearly 100 interviews, Dimitrov reshapes our understanding of how autocrats learn--or fail to learn--about the societies they rule, and how they maintain--or lose--power.

Listeners interested in how authoritarian regimes gather information and use it to maintain political control should also check out the NBN interviews with Iza Ding, on how China's bureaucrats make a show of responsiveness even when they can't deliver, Jeremy Wallace, on the role of quantification in China's authoritarianism, Daniel Treisman, on how dictators around the world try to control their public image, Jennifer Pan, on how China uses its limited welfare state to hold power, journalists Josh Chin and Liza Lin on China's surveillance state, and Yao Li, Manfred Elfstrom, and Lynette Ong on China's protests.

Martin K. Dimitrov is Professor of Political Science at Tulane University.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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The Future of the Silk Road: A Discussion with Tim Winters Mar 07, 2023

The term "Silk Road" evokes images of trade and exotic luxurious goods and Orientalist images. Today, however, it also is associated with the projection of Chinese power abroad. And as that pairing suggests, the term "Silk Road" in fact has many meanings as Professor Tim Winter has been explaining in his book The Silk Road: Connecting Histories and Futures (Oxford University Press, 2022). Listen to him in conversation with Owen Bennett-Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Choice Architecture Mar 07, 2023

In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us.

Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein’s book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice.

Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture.

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Claudio E. Benzecry, "The Perfect Fit: Creative Work in the Global Shoe Industry" (U Chicago Press, 2022) Mar 06, 2023

The Perfect Fit: Creative Work in the Global Shoe Industry (The University of Chicago Press, 2022) shows us how globalization works through the many people and places involved in making women’s shoes.

We know a lot about how clothing and shoes are made cheaply, but very little about the process when they are made beautifully. In The Perfect Fit, Claudio E. Benzecry looks at the craft that goes into designing shoes for women in the US market, revealing that this creative process takes place on a global scale. Based on unprecedented behind-the-scenes access, The Perfect Fit offers an ethnographic window into the day-to-day life of designers, fit models, and technicians as they put together samples and prototypes, showing how expert work is a complement to and a necessary condition for factory exploitation.

Benzecry looks at the decisions and constraints behind how shoes are designed and developed, from initial inspiration to the mundane work of making sure a size seven stays constant. In doing so, he also fosters an original understanding of how globalization works from the ground up. Drawing on five years of research in New York, China, and Brazil, The Perfect Fit reveals how creative decisions are made, the kinds of expertise involved, and the almost impossible task of keeping the global supply chain humming.

Claudio E. Benzecry is Professor of Communication Studies and Sociology (courtesy) at Northwestern University.

Jun (Philip) Fang is an incoming Assistant Professor of Sociology at Colby College.

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Nikhil Menon, "Planning Democracy: Modern India's Quest for Development" (Cambridge UP, 2022) Mar 05, 2023

The Indian planning project was one of the postcolonial world's most ambitious experiments. Planning Democracy: Modern India's Quest for Development (Cambridge UP, 2022) explores how India fused Soviet-inspired economic management and Western-style liberal democracy at a time when they were widely considered fundamentally contradictory.

After nearly two centuries of colonial rule, planning was meant to be independent India's route to prosperity. In this engaging and innovative account, Nikhil Menon traces how planning built India's knowledge infrastructure and data capacities, while also shaping the nature of its democracy. He analyses the challenges inherent in harmonizing technocratic methods with democratic mandates and shows how planning was the language through which the government's aspirations for democratic state-building were expressed. Situating India within international debates about economic policy and Cold War ideology, Menon reveals how India walked a tightrope between capitalism and communism which heightened the drama of its development on the global stage.

Anubha Anushree is a doctorate from the Department of History, Stanford University and a Lecturer at the Stanford COLLEGE Program. She could be reached at anubha1@stanford.edu.

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Richard McGahey, "Unequal Cities: Overcoming Anti-Urban Bias to Reduce Inequality in the United States" (Columbia UP, 2023) Mar 01, 2023

Cities are central to prosperity: they are hubs of innovation and growth. However, the economic vitality of wealthy cities is marred by persistent and pervasive inequality—and deeply entrenched anti-urban policies and politics limit the options to address it. Structural racism, suburban subsidies, regional government fragmentation, the hostility of state legislatures, and federal policy all contribute to an unequal status quo that underfunds cities while preventing them from pursuing fairer outcomes.

Economist Richard McGahey explores how cities can foster equitable economic growth despite the obstacles in their way. Drawing on economic and historical analysis as well as his extensive experience in government and philanthropy, he examines the failures of public policy and conventional economic wisdom that have led to the neglect of American cities and highlights opportunities for reform. Unequal Cities: Overcoming Anti-Urban Bias to Reduce Inequality in the United States (Columbia UP, 2023) features detailed case studies of New York, Detroit, and Los Angeles, tracing how their attempts to achieve greater equity foundered because of the fiscal and political constraints imposed on them. McGahey identifies key lessons about the political coalitions that can overcome anti-urban biases, arguing that alliances among unions, environmentalists, and communities of color can help cities thrive. But he warns that cities cannot solve inequality on their own: political action at state and federal levels is necessary to achieve systemic change. Shedding light on the forces that produced today’s dysfunction and disparities, Unequal Cities provides timely policy prescriptions to promote both growth and equity.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Ronald L. Trosper, "Indigenous Economics: Sustaining Peoples and Their Lands" (U Arizona Press, 2022) Mar 01, 2023

What does “development” mean for Indigenous peoples? Indigenous Economics: Sustaining Peoples and Their Lands (U Arizona Press, 2022) lays out an alternative path showing that conscious attention to relationships among humans and the natural world creates flourishing social-ecological economies.

Economist Ronald L. Trosper draws on examples from North and South America, Aotearoa/New Zealand, and Australia to argue that Indigenous worldviews centering care and good relationships provide critical and sustainable economic models in a world under increasing pressure from biodiversity loss and climate change. He explains the structure of relational Indigenous economic theory, providing principles based on his own and others’ work with tribal nations and Indigenous communities. Trosper explains how sustainability is created at every level when relational Indigenous economic theory is applied—micro, meso, and macro. Good relationships support personal and community autonomy, replacing the individualism/collectivism dichotomy with relational leadership and entrepreneurship. Basing economies on relationships requires changing governance from the top-down approaches of nation-states and international corporations; instead, each community creates its own territorial relationships, creating plurinational relational states. This book offers an important alternative to classic economic theory. In Indigenous Economics, support for Indigenous communities’ development and Indigenous peoples’ well-being go hand-in-hand.

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The Future of Democratic Capitalism: A Discussion with Martin Wolf Feb 24, 2023

Does China show that capitalism works better without democracy? What can be done to secure the future of open societies in which there is wealth, tolerance and stability. Martin Wolf - associate editor of the Financial Times and its chief economist - has been thinking about these big questions for his book The Crisis of Democratic Capitalism (Penguin, 2023). Listen to him in conversation with Owen Bennett Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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David Bond, "Negative Ecologies: Fossil Fuels and the Discovery of the Environment" (U California Press, 2022) Feb 21, 2023

So much of what we know of clean water, clean air, and now a stable climate rests on how fossil fuels first disrupted them. Negative Ecologies: Fossil Fuels and the Discovery of the Environment (U California Press, 2022) is a bold reappraisal of the outsized role fossil fuels have played in making the environment visible, factual, and politically operable in North America. Following stories of hydrocarbon harm that lay the groundwork for environmental science and policy, this book brings into clear focus the dialectic between the negative ecologies of fossil fuels and the ongoing discovery of the environment. Exploring iconic sites of the oil economy, ranging from leaky Caribbean refineries to deepwater oil spills, from the petrochemical fallout of plastics manufacturing to the extractive frontiers of Canada, Negative Ecologies documents the upheavals, injuries, and disasters that have long accompanied fossil fuels and the manner in which our solutions have often been less about confronting the cause than managing the effects. This history of our present promises to re-situate scholarly understandings of fossil fuels and renovate environmental critique today. David Bond challenges us to consider what forms of critical engagement may now be needed to both confront the deleterious properties of fossil fuels and envision ways of living beyond them.

David Bond is the Associate Director of the Center for the Advancement of Public Action and teaches on the environment and public action. Trained as an anthropologist, Bond studies oil spills and their imprint on environmental science and governance. His work shows how toxic disruptions can fix vital relations with new forms of knowledge and care.

Cody Skahan (cas12@hi.is) is a student in the MA program in Anthropology at the University of Iceland as a Leifur Eriksson Fellow. His work focuses on environmentalism in Iceland, especially the social and political implications of the youth environmentalist movement in an arctic country that has created for itself a façade of being environmentally and socially progressive. More generally, his other interests span anywhere from critical theory, psychoanalysis, queer theory, anarchism, cultural studies, anime, media and applying theory through praxis. Cody has a blog here where he is trying to write more rather than just only read and talk about books.

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Michael Schiltz, "Accounting for the Fall of Silver: Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913" (Oxford UP, 2020) Feb 20, 2023

The second half of the nineteenth century is correctly known to have culminated in the emergence of the gold standard as the first truly international monetary regime. The processes leading up to this remarkable feat are, however, far less documented or understood. Economic historians have only recently started digging into the causes behind the 'fall of silver' that preceded the scramble for gold. It is nowadays clear that its effects were felt worldwide. Not in the least, silver depreciation severely affected East-West trade. It was, among other factors, behind the bankruptcy of several powerful institutions as the Oriental Bank Corporation. Yet at the same time, it cemented the position of other banks, some of which exist until this very day (HSBC, Standard Chartered). What did these banks know that others did not?

In Accounting for the Fall of Silver: Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913 (Oxford UP, 2020), Michael Schiltz explains that the 1870s and 1880s witnessed furious experiments with new financial products and, equally important, strategies for hedging exchange rate risk. Drawing on archives that have never been used before, the book throws new light on an important episode of nineteenth century world history. At the same time, it illuminates lesser known aspects of the first gold standard period. It draws attention to the existence of 'carry trades' between European money markets and the lesser liquid Asian periphery; and describes the creation of financial contracts with the sole aim of enabling commodity finance among Asian mercantile centers.

Michael Schiltz is associate professor at Hokkaido University. His has published widely on the financial history of modern Japan, including his first book The Money Doctors from Japan – Finance, Imperialism, and the Building of the ‘Yen Bloc’(Harvard University Press, 2012).

Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, was published by Cambridge University Press in 2022.

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Zoe Adams, "The Legal Concept of Work" (Oxford UP, 2022) Feb 19, 2023

"Why do we think about some practices as work, and not others? Why do we classify certain capacities as economically valuable skills, and others as innate characteristics? What, moreover, is the role of law in shaping our answers to these questions?"

These are just some of the queries explored by Dr. Zoe Adams's analysis of the legal construction, and regulation, of work, in her book The Legal Concept of Work (Oxford University Press, 2022).

Spanning from the 14th century to the present day, the book explores how the role of law and legal concepts comes to consider some forms of human labour as work, and some forms of human labour as non-work. It examines why perceptions of these activities can change over time, and how legal constitution impacts the way in which work comes to be regulated, organised, and valued.

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

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Geoffrey Jones, "Deeply Responsible Business A Global History of Values-Driven Leadership" (Harvard University Press, 2023) Feb 18, 2023

In this episode, I interview Professor Geoffrey Jones about his new book Deeply Responsible Business: A Global History of Values-Driven Leadership (Harvard University Press, 2023). For an extraordinary introduction to the content of the book, please visit deeplyreponsible.com .

Professor Christopher Marquis, author of Better Business: How the B Corp Movement Is Remaking Capitalism (Yale University Press, 2020) also joined our conversation.

Deeply Responsible Business is a global history of deeply responsible business leaders. It offers an invaluable historical perspective, going back to the Quaker capitalism of George Cadbury and the worker solidarity of Edward Filene. Through a series of in-depth profiles of business leaders and their companies, it carries us from India to Japan and from the turmoil of the nineteenth century to the latest developments in impact investing and the B-corps. Geoffrey Jones profiles business leaders from around the world who combined profits with social purpose to confront inequality, inner-city blight, and ecological degradation, while navigating restrictive laws and authoritarian regimes.

He found that these leaders were motivated by bedrock values and sometimes—but not always—driven by faith. They chose to operate in socially productive fields, interacted with humility with stakeholders, and felt a duty to support their communities. While far from perfect—some combined visionary practices with vital flaws—each one showed that profit and purpose could be reconciled. Many of their businesses were highly successful—though financial success was not their only metric of achievement.

As companies seek to coopt ethically sensitized consumers, Jones gives us a new perspective to tackle tough questions. Inspired by these passionate and pragmatic business leaders, he envisions a future in which companies and entrepreneurs can play a key role in healing our communities and protecting the natural world.

Interview by Paula de la Cruz-Fernández, Ph.D.

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John Peters and Don Wells, "Canadian Labour Policy and Politics" (UBC Press, 2022) Feb 17, 2023

For many, the COVID-19 pandemic has awakened them to the dangers attendant to a lot of the working conditions in society today—for others, it has made what they already knew to be the dangers of their workplaces and of a tattered social safety net all the more perilous. In Canadian Labour Policy and Politics (UBC Press, 2022) co-editors John Peters and Don Wells bring together a number of field-leading scholars in Canadian Labour Studies to situate the social abandonment of workers in both its longue durée and in its most acute contemporary manifestations. Most importantly, though, they also highlight the growing capacities of community unionism, as a strategy for building worker power across the multiple intersections of race, gender, nationality, (dis)ability, in order to challenge corporate power and build democratic alternatives. I sit down with co-editor Don Wells to discuss this rich and deeply accessible text.

Phil Henderson is a SSHRC Postdoctoral Research Fellow at Carleton University’s Institute of Political Economy where his research interests focus on the interrelations between Indigenous land/water defenders and organized labour in what’s presently known as Canada. More information can be found at his personal website.

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Emily Hund, "The Influencer Industry: The Quest for Authenticity on Social Media" (Princeton UP, 2023) Feb 15, 2023

Before there were Instagram likes, Twitter hashtags, or TikTok trends, there were bloggers who seemed to have the passion and authenticity that traditional media lacked. The Influencer Industry: The Quest for Authenticity on Social Media(Princeton UP, 2023) tells the story of how early digital creators scrambling for work amid the Great Recession gave rise to the multibillion-dollar industry that has fundamentally reshaped culture, the flow of information, and the way we relate to ourselves and each other.

Drawing on dozens of in-depth interviews with leading social media influencers, brand executives, marketers, talent managers, trend forecasters, and others, Emily Hund shows how early industry participants focused on creating and monetizing digital personal brands as a means of exerting control over their professional destinies in a time of acute economic uncertainty. Over time, their activities coalesced into an industry whose impact has reached far beyond the dreams of its progenitors--and beyond their control. Hund illustrates how the methods they developed for creating, monetizing, and marketing social media content have permeated our lives and untangles the unforeseen cultural and economic costs.

The Influencer Industry reveals how, in an increasingly fractured and profit-driven communications environment, the people we think of as "real" are merely those who have learned to exploit the industry's ever-shifting constructions of authenticity.

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Historians Examine Thomas Piketty’s Capital and Ideology Feb 15, 2023

Andrew Popp, a professor of history at Copenhagen Business School, and Jonathan Coopersmith, a professor (retired) of history at Texas A&M, talk about a recent special issue they edited in the journal History Compass with Peoples & Things host, Lee Vinsel. The special issue brought together a number of business historians to assess the historical arguments of Thomas Piketty’s 2019 book, Capital and Ideology, which argues that societies have developed a number of ideologies to justify inequality. While largely sympathetic to Piketty’s aims, the historians involved prod and criticize aspects of his argument and evidence. Popp, Coopersmith, and Vinsel also discuss the need for more historians, particularly business historians, to focus on the history of inequality.

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The History of Student Loans in the United States Feb 14, 2023

Elizabeth Tandy Shermer, an associate professor of history at Loyola University Chicago, talks about her book, Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in Debt, with Peoples & Things host, Lee Vinsel. Indentured Students examines the long history of student loans in the United States, including important turning points in the 1960s. Shermer argues that elected officials have preferred student loans as an answer to an important social problem, the perceived-need for college education, over more structural solutions. Shermer and Vinsel also talk about what this legacy of debt means today as well as what recent public discussions about student debt might portend for the future.

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The Future of the News: A Discussion with Roger Mosey Feb 11, 2023

What is the future of news? In the twentieth century Western-educated journalists championed impartial, unbiased news – which always seemed rather odd as everyone agreed it wasn’t possible for journalists to shed all their biases. That fundamental contradiction has been replaced by something even more problematic – fake news and worse than that, fake news which people believe and even the idea that everyone can publish their own news. So where are we headed in the twenty first century. Roger Mosey was a senior BBC editor and is now master of Selwyn College Cambridge

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Ijlal Naqvi, "Access to Power: Electricity and the Infrastructural State in Pakistan" (Oxford UP, 2022) Feb 11, 2023

Pakistan would desperately like to produce enough electricity, but it usually doesn't. Despite prioritization by successive governments, targeted reforms shaped by international development actors, and featuring prominently in Chinese Belt and Road investments, the Pakistani power sector continues to stifle economic and social life across the country. Why?

In Access to Power: Electricity and the Infrastructural State in Pakistan (Oxford UP, 2022), Ijlal Naqvi explores state capacity in Pakistan by following the material infrastructure of electricity across the provinces and down into cities and homes. Naqvi argues that the national-level challenges of crippling budgetary constraints and power shortages directly result from conscious strategic decisions that are integral to Pakistan's infrastructural state. As he shows, electricity governance in Pakistan reinforces unequal relations of power between provinces and the federal center, contributes to the marginalization of subordinate groups in the city, and cements the patronage-based relationships between Pakistani citizens and the state that have been so detrimental to development progress.

Looking through the lens of the electrical power sector, Access to Power reveals how Pakistan actually works, and to whose benefit.

Sneha Annavarapu is Assistant Professor of Urban Studies at Yale-NUS College.

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ALICE and Economic Hardship in the United States Feb 11, 2023

Stephanie Hoopes, National Director of United for ALICE, a research center founded at United Way of Northern New Jersey, talks about the ALICE program with Peoples & Thing host, Lee Vinsel. ALICE stands for Asset-Limited, Income-Constrained Employed, and describes working households who can barely afford to make ends meet. The ALICE program repeatedly finds that about 40% of American households fits its criteria. Hoopes and Vinsel also the social structures and economic factors that contribute to ALICE, and how different populations are affected unequally by these factors.

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Jessica Barnes, "Staple Security: Bread and Wheat in Egypt" (Duke UP, 2022) Feb 10, 2023

Egyptians often say that bread is life; most eat this staple multiple times a day, many relying on the cheap bread subsidized by the government. In Staple Security: Bread and Wheat in Egypt (Duke UP, 2022), Jessica Barnes explores the process of sourcing domestic and foreign wheat for the production of bread and its consumption across urban and rural settings. She traces the anxiety that pervades Egyptian society surrounding the possibility that the nation could run out of wheat or that people might not have enough good bread to eat, and the daily efforts to ensure that this does not happen. With rich ethnographic detail, she takes us into the worlds of cultivating wheat, trading grain, and baking, buying, and eating bread. Linking global flows of grain and a national bread subsidy program with everyday household practices, Barnes theorizes the nexus between food and security, drawing attention to staples and the lengths to which people go to secure their consistent availability and quality.

Jessica Barnes is Associate Professor in the Department of Geography and the School of Earth, Ocean, and Environment at the University of South Carolina. She is author of Cultivating the Nile: The Everyday Politics of Water in Egypt, also published by Duke University Press, and coeditor of Climate Cultures: Anthropological Perspectives on Climate Change.

Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism.

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The Geopolitics of Microchips: China, the EU, and the US Feb 10, 2023

What would happen if microchips suddenly disappeared from our world? From phones to cars, medical equipment to heating units, they are crucial for the safe and smooth functioning of much of society. While they may not actually disappear anytime soon, we have learned from the COVID pandemic about the real and potential consequences of an essential microchips shortage. Listen to Hermann Aubié, senior researcher at the Centre for East Asian Studies at the University of Turku in Finland, speak about the current state of the complex global microchips industry and attempts by governments to control its technology and supply-chain. Dr. Aubié focuses in particular on the United States' 2022 CHIPS and Science Act and October Export Rules, largely considered to target China's capacity to produce advanced microchips. Learn about responses by Taiwan, the largest producer of advanced microchips with TSMC (Taiwan Semiconductor Manufacturing Company), as well as the position of the European Union, itself dealing with ongoing negotiations to finalize the EU Chips Act. Dr. Aubié speaks to Satoko Naito, also of the Centre for East Asian Studies.

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Max Bazerman, "Complicit: How We Enable the Unethical and How to Stop" (Princeton UP, 2022) Feb 09, 2023

Today I talked to Max Bazerman about his book Complicit: How We Enable the Unethical and How to Stop(Princeton UP, 2022).

Remember Saturday Night Live’s satirical TV spot for Ivanka Trump’s perfume, Complicit? Talk about a timely topic. In what is Bazerman’s third book on ethics, the focus is on the people who surround an “evil” doer and enable or allow harmful behavior to occur. From the implosion of FTX under the funky leadership of Sam Bankman-Fried, to Elizabeth Holes at Theranos or Purdue Pharma and the Sacklers, there is always a large supporting cast of those who trade on privilege, defer to authority, or have their trust exploited. Indeed, in this interview Bazerman touches on seven different profiles in complicity that serve as a counterpoint to JFK’s book, Profiles in Courage. What solutions does Bazerman offer? Besides changing the culture of an institution or company, one particular way forward is to amass co-whistleblowers by creating “informal escrows” so that the victims of perpetrators like Harvey Weinstein don’t have to go it alone in raising what might politely be called “legitimate concerns.”

Max Bazerman is the Jesse Isidor Straus Professor of Business Administration at Harvard Business School. Besides being the author of books like Blind Spots and Decision Leadership and an expert on the art of negotiations, he describes himself as a “gritty city kid from Pittsburgh.”

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Venkatesh Rao, "The Art of Gig" (Ribbonfarm, 2022) Feb 05, 2023

Venkatesh Rao is a writer and consultant based in Los Angeles. The bulk of his consulting practice comprises 1:1 work with senior executives as a conversational sparring partner, to stress test and improve the rigor and quality of their ongoing thinking about their evolving challenges.

The Art of Gig is a two-volume guide to the modern gig economy, with particular emphasis on independent consulting. It is intended to serve as a philosophical companion for a life of free agency and help you develop a sensibility of work attuned to both the poetry and practicalities of life beyond paychecks. The essays included in these volumes were originally published over two years in a weekly email newsletter. They have been carefully updated, sequenced, and structured for this compilation. This first volume, Foundations, comprises thirty-two essays that aim to help you develop a solid grasp of the fundamentals of surviving and thriving in the gig economy. Topics include: getting oriented, bootstrapping, managing perceptions, mental fitness, and sparring with executives.

The second volume, Superstructures, covers themes that become salient once strong foundations are in place.

You can find Venkatesh at ribbonfarm.com, venkateshrao.com, on Twitter @vgr, and on Substack at https://studio.ribbonfarm.com/.

Joseph Fridman is a researcher, science communicator, media producer, and educational organizer. You can follow him on Twitter @joseph_fridman, or reach him at his website.

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Christiaan De Beukelaer, "Trade Winds: A Sailing Voyage to a Sustainable Future for Shipping" (Manchester UP, 2023) Feb 05, 2023

How can we build greener infrastructure in the face of the global climate emergency? In Trade Winds: A Sailing Voyage to a Sustainable Future for Shipping(Manchester UP, 2023), Christiaan De Beukelaer, a Senior Lecturer in Arts and Cultural Management at the University of Melbourne intertwines an depth analysis of modern shipping, with a memoir of being aboard a sailing ship during the 2020 pandemic. The book is a fascinating read, with both an extensive critique of the failures of the global shipping and trade system to be sustainable, as well as offering moving insights into a unique experience of a very different form of 2020’s lockdown. Concluding with both the return to land, and a detailed consideration of how shipping, trade, and the world might adapt to the climate crisis, the book is essential reading for anyone interested in a sustainable future for the planet.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Thomas Poell et al., "Platforms and Cultural Production" (Polity, 2022) Feb 04, 2023

Hello, world! This is the Global Media & Communication podcast series.

In this episode, our co-hosts Aswin Punathambekar and Jing Wang discusses the book Platforms and Cultural Production (2021) by Thomas Poell, David B. Nieborg, and Brooke Erin Duffy.

You’ll hear about:

How this collaborative project came about, given each of the authors has distinct interests and disciplinary orientations;
Given the two keywords of “platforms” and “cultural production,” how did the authors make sense of these keywords in relation to broader processes of digital infrastructures and imaginaries;
How three key sections – social media, games, and journalism – were identified by the authors to explain the idea of “platformization”;
How the platforms work as multi-sided markets and the approaches to account for the dynamism and lifecycles at work in platform economies;
A discussion of Twitter as a useful case of platformization to grasp the challenges of platform governance;
Why the authors chose to specifically focus on the role and agency of cultural producers;
How to study cultural practices in various platforms across a wide variety of sociopolitical contexts in both Global North and South;
The structural inequalities of platform economies, the precarity of the platform-dependent labor market, and the efforts of cultural producers to face insecurity;
The cultural meanings of “creativity” and “authenticity” and the tension between the profit-driven platform logic and the individual search for belonging in social media such as TikTok;
The relevance of cultural production and platforms to understanding the present and future of democratic governance and civic life in the post-truth era;
The next collaborative project, such as a second volume, conferences, and research networks.

About the book

Poell, Nieborg, and Duffy explore both the processes and the implications of platformization across the cultural industries, identifying key changes in markets, infrastructures, and governance at play in this ongoing transformation, as well as pivotal shifts in the practices of labor, creativity, and democracy. The authors foreground three particular industries – news, gaming, and social media creation – and also draw upon examples from music, advertising, and more. Diverse in its geographic scope, Platforms and Cultural Production builds on the latest research and accounts from across North America, Western Europe, Southeast Asia, and China to reveal crucial differences and surprising parallels in the trajectories of platformization across the globe. You can find the book from Polity Press HERE.

Authors:

Thomas Poell is Professor of Data, Culture & Institutions at the University of Amsterdam, program director MA Media Studies, and director of the Research Priority Area on Global Digital Cultures.

David B. Nieborg is Associate Professor of Media Studies at the University of Toronto Scarborough with a graduate appointment at the Faculty of Information.

Brooke Erin Duffy is Associate Professor in the Department of Communication at Cornell University, where she is also a member of the Feminist, Gender, and Sexuality Studies faculty.

Co-Hosts: Aswin Punathambekar is Professor of Communication and Director of the Center for Advanced Research in Global Communication at the Annenberg School for Communication, University of Pennsylvania. Jing Wang is Senior Research Manager at CARGC at the Annenberg School for Communication, University of Pennsylvania.

Editor & Producer: Jing Wang

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The Future of Nuclear Fusion: A Discussion with Sharon Ann Holgate Feb 04, 2023

How useful will nuclear fusion be? In a major breakthrough last year at the National Ignition Facility in California, 192 lasers achieved fusion – and created energy - for the first time. It was clearly an important moment. But might the development of fusion technology come too late? Owen Bennett Jones speaks with Sharon Ann Holgate, author of Nuclear Fusion: The Race to Build a Mini Sun on Earth (Icon Books, 2022).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Iza Ding, "The Performative State: Public Scrutiny and Environmental Governance in China" (Cornell UP, 2022) Feb 03, 2023

What does the state do when public expectations exceed its governing capacity? The Performative State: Public Scrutiny and Environmental Governance in China (Cornell, 2022) shows how the state can shape public perceptions and defuse crises through the theatrical deployment of language, symbols, and gestures of good governance—performative governance. Iza Ding unpacks the black box of street-level bureaucracy in China through ethnographic participation, in-depth interviews, and public opinion surveys. She demonstrates in vivid detail how China's environmental bureaucrats deal with intense public scrutiny over pollution when they lack the authority to actually improve the physical environment. They assuage public outrage by appearing responsive, benevolent, and humble. But performative governance is hard work. Environmental bureaucrats paradoxically work themselves to exhaustion even when they cannot effectively implement environmental policies. Instead of achieving "performance legitimacy" by delivering material improvements, the state can shape public opinion through the theatrical performance of goodwill and sincere effort. The Performative State also explains when performative governance fails at impressing its audience and when governance becomes less performative and more substantive. Ding focuses on Chinese evidence but her theory travels: comparisons with Vietnam and the United States show that all states, democratic and authoritarian alike, engage in performative governance.

Iza Ding is an Assistant Professor in the Political Science Department at the University of Pittsburgh. She received her PhD from Harvard University. Her work has appeared in World Politics, the China Quarterly, Comparative Political Studies, and other academic journals.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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Truth, Fiction, and Student Loan Forgiveness: A Conversation with Beth Akers Feb 02, 2023

With the Biden Administration's student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve.

You can find more information about Dr. Akers and her recent writing and appearances here.

Annika Nordquist is the Communications Coordinator of Princeton University’s James Madison Program in American Ideals and Institutions and host of the Program’s podcast, Madison’s Notes.

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Missing: Men at Work Jan 31, 2023

Over six million prime-age men are neither working nor looking for work; America's low unemployment rate hides the fact that many men have dropped out of the workforce altogether. Our workforce participation rate is on par with that seen during the Great Depression.

Why does this problem affect men so acutely? Why is it so specific to America? What are these missing men doing with their time? How do we differentiate between leisure and idleness? Demographer and economist Nicholas Eberstadt, author of Men Without Work(Templeton Press, 2022), discusses these trends and what they mean for America's future.

Annika Nordquist is the Communications Coordinator of Princeton University’s James Madison Program in American Ideals and Institutions and host of the Program’s podcast, Madison’s Notes.

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M. R. Sharan, "Last Among Equals: Power, Caste and Politics in Bihar's Villages" (Westland, 2021) Jan 30, 2023

M. R. Sharan is an Assistant Professor at the University of Maryland, studying questions centred around development economics and political economy. He obtained his PhD from Harvard University in 2020 and was previously at the Delhi School of Economics and Hansraj College. His novel, Blue, was published in 2014. His writings have appeared across various publications, including the Economic and Political Weekly, The Hindu, The Times of India and The Economic Times. He is at www.mrsharan.com and on Twitter at @sharanidli.

Last Among Equals: Power, Caste and Politics in Bihar's Villages (Westland, 2021) eschews the usual sweeping narratives of national and state politics, reaching instead for the 'swirling, vivid sub-narratives that escape easy categorisations', the darkness of the material leavened with deep empathy. The result is a captivating, often searing narrative of how lives are lived in the villages of Bihar--and indeed in much of India.

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The Future of Computer Chips: A Discussion with Julian Kamasa Jan 28, 2023

Microchips are both important and in short supply. So how important? And what can be done to make them more plentiful? Also, what are the geopolitical implications of having the production of microchips concentrated in relatively few hands. Owen Bennett Jones talks microchips with Julian Kamasa of the Centre for Security Studies in Zurich.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Robert Holzmann and Fernando Restoy, "Central Banks and Supervisory Architecture in Europe: Lessons from Crises in the 21st Century" (Edward Elgar, 2022) Jan 27, 2023

Since 2020, Europe's financial sector has been severely stress-tested by a global pandemic and a major land war yet, compared to the period between 2007 and 2012, the impact has been remarkably muted. Still minnows compared to their US peers, Europe's post-crisis recapitalised banks nevertheless have held up well. And so, by and large, has the quality of their assets despite ten years of slow growth and low inflation followed by enormous volatility, high inflation and interest rates heading to two-decade highs.

How much of this has been luck? How much is due to the redesign of European banking supervision after the punishing experience of the 2007-12 crisis? What still has to be done? To answer these questions, Robert Holzmann and Fernando Restoy have pulled together 21 contributors from policy-making and the academy to examine these fundamental questions in Central Banks and Supervisory Architecture in Europe: Lessons from Crises in the 21st Century(Edward Elgar, 2022).

Since 2019, Robert Holzmann has been governor of the Austrian national bank and his country’s representative on the European Central Bank’s governing council. Formerly, an economist at the OECD, the IMF and the World Bank, Holzmann has taught economics full-time in Vienna and Saarland and as a visiting scholar at Harvard and Oxford.

Since 2017, Fernando Restoy has chaired the Financial Stability Institute at the Bank for International Settlements in Basel. Trained at the LSE and Harvard, Restoy joined the Bank of Spain in 1991 and rose to the position of deputy governor, chairman of Spain’s FROB crisis resolution authority, and a member of the supervisory board of the ECB's Single Supervisory Mechanism.

*Holzmann's book recommendations are: Global Discord: Values and Power in a Fractured World Order by Paul Tucker (Princeton University Press, 2022), Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State also by Tucker (Princeton University Press, 2018), and Der Dreißigjährige Krieg: Europäische Katastrophe, Deutsches Trauma 1618-1648 by Herfried Münkler (Rowohlt Berlin, 2017). Restoy chose A Promised Land by Barack Obama (Viking, 2020) and Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed (William Heinemann, 2009).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors and writes the Twenty-Four Two newsletter on Substack.

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Ajay Agrawal et al., "Power and Prediction: The Disruptive Economics of Artificial Intelligence" (HBR Press, 2022) Jan 24, 2023

Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines describe what you can do to prepare. Banking and finance, pharmaceuticals, automotive, medical technology, retail. Artificial intelligence (AI) has made its way into many industries around the world. But the truth is, it has just begun its odyssey toward cheaper, better, and faster predictions to drive strategic business decisions--powering and accelerating business. When prediction is taken to the max, industries transform. The disruption that comes with such transformation is yet to be felt--but it is coming. How do businesses prepare?

In Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction: The Disruptive Economics of Artificial Intelligence (HBR Press, 2022), they go further to reveal AI as a prediction technology directly impacting decision-making and to teach businesses how to identify disruptive opportunities and threats resulting from AI. Their exhaustive study of new developments in artificial intelligence and the past history of how technologies have disrupted industries highlights the striking phase we are now in: after witnessing the power of this new technology and before its widespread adoption--what they call "the Between Times." While there continue to be important opportunities for businesses, there are also threats of disruption. As prediction machines improve, old ways of doing things will be upended. Also, the process by which AI filters into the many systems involved in application is very uneven. That process will have winners and losers. How can businesses leverage, or protect, their positions? Filled with illuminating insights, rich examples, and practical advice, Power and Prediction is the must-read guide for any business leader or policy maker on how to make the coming AI disruptions work for you rather than against you.

Interviewee Avi Goldfarb is the Rotman Chair in Artificial Intelligence and Healthcare and a professor of marketing at the Rotman School of Management, University of Toronto. Avi is also Chief Data Scientist at the Creative Destruction Lab and the CDL Rapid Screening Consortium, a faculty affiliate at the Vector Institute and the Schwartz-Reisman Institute for Technology and Society, and a Research Associate at the National Bureau of Economic Research. Avi’s research focuses on the opportunities and challenges of the digital economy.

He has published academic articles in marketing, statistics, law, management, medicine, political science, refugee studies, physics, computing, and economics. Avi is a former Senior Editor at Marketing Science. His work on online advertising won the INFORMS Society of Marketing Science Long Term Impact Award. He testified before the U.S. Senate Judiciary Committee on competition and privacy in digital advertising. His work has been referenced in White House reports, European Commission documents, the New York Times, the Economist, and elsewhere.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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The History of Temp Work Jan 24, 2023

Historian Louis Hyman, professor and director of the Institute of Workplace Studies at Cornell University’s School of Industrial and Labor Relations, talks about his book, Temp: How American Work, American Business, and American Dream Became Temporary, with Peoples & Things host Lee Vinsel. In this conversation, Hyman and Vinsel chat about how most mid-20th century secure jobs were possessed by white men, how temporary work began to rise after World War Two, and how all this led to the gig-based world we inhabit.

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Joe Wiggins, "The Intelligent Fund Investor: Practical Steps for Better Results in Active and Passive Funds" (Harriman House, 2022) Jan 23, 2023

Investing in funds is not straightforward. We are faced with a countless range of options and constantly distracted by meaningless noise and turbulent markets. To make matters worse, our flawed beliefs and behavioural biases lead to repeated and costly mistakes, such as a damaging obsession with past performance and a dangerous attraction to thematic funds.

There is a solution―a more intelligent way to invest in funds.

In The Intelligent Fund Investor: Practical Steps for Better Results in Active and Passive Funds (Harriman House, 2022), experienced portfolio manager and behavioural finance expert Joe Wiggins brings simplicity and clarity to fund investing. Each chapter of this fascinating and highly readable book focuses on a vital element of investing in funds―exploring how and why investors can get it badly wrong, and providing direct, actionable steps for better results.

Joe reveals: why we should avoid investing with star managers; how to decide between active and passive funds; why we should beware of smooth performance and captivating stories; why risk is far more than just volatility; the importance of a long time horizon; and much, much more.

Using a combination of stories, empirical evidence and experience, Joe gives all fund investors―active and passive―what they need to reassess their beliefs, understand their biases, and make better investment decisions.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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David Collier and Gerardo L. Munck, "Critical Junctures and Historical Legacies: Insights and Methods for Comparative Social Science" (Rowman & Littlefield, 2022) Jan 21, 2023

Over the past 50 years, scholars across the social sciences have employed critical juncture analysis to understand how social orders are created, become entrenched, and change. In this book, leading scholars from several disciplines offer the first coordinated effort to define this field of research, assess its theoretical and methodological foundations, and use a critical assessment of current practices as a basis for guiding its future. Contributors include stars in this field who have written some of the classic works on critical junctures, as well as the rising stars of the next generation who will continue to shape historical comparative analysis for years to come. David Collier and Gerardo L. Munck's Critical Junctures and Historical Legacies. Insights and Methods for Comparative Social Science(Rowman & Littlefield, 2022) will be an indispensable resource for social science research methods scholars and students.

Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.

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Helen Anne Curry, "Endangered Maize: Industrial Agriculture and the Crisis of Extinction" (U California Press, 2022) Jan 21, 2023

In Endangered Maize: Industrial Agriculture and the Crisis of Extinction(U California Press, 2022), historian Helen Anne Curry investigates more than a hundred years of agriculture and conservation practices to understand the tasks that farmers and researchers have considered essential to maintaining crop diversity. Through the contours of efforts to preserve diversity in one of the world's most important crops, Curry reveals how those who sought to protect native, traditional, and heritage crops forged their methods around the expectation that social, political, and economic transformations would eliminate diverse communities and cultures. In this fascinating study of how cultural narratives shape science, Curry argues for new understandings of endangerment and alternative strategies to protect and preserve crop diversity.

Isobel Akerman is a History PhD student at the University of Cambridge studying biodiversity and botanic gardens.

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Trend Forecasting and the Business of the Future Jan 21, 2023

Devon Powers, a professor of advertising, media, and communication at Temple University, talks about her book, On Trend: The Business of Forecasting the Future with Peoples & Things host Lee Vinsel. Powers’ book examines the world of futurists, cool hunters, and forecasters who sell people advice about tomorrow. Powers and Vinsel discuss about how we should think about the influence of such individuals, given that their predictions are often misleading and inaccurate. They also talk how the making of futures can become more just and inclusive.

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Liran Einav et al., "Risky Business: Why Insurance Markets Fail and What to Do About It" (Yale UP, 2023) Jan 21, 2023

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn’t care who buys the store’s broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others.

In Risky Business: Why Insurance Markets Fail and What to Do About It(Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we’d be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you’ve often wondered about, as well as for others you haven’t yet considered.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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Automating Finance Jan 19, 2023

Sociologist Juan Pablo Pardo-Guerra, a professor at University of California San Diego, talks about his book Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets with Peoples & Things host Lee Vinsel. The book traces the long, largely anonymous, and in some senses boring history of how experts applied computers to financial systems since the 1970s, creating a digital infrastructure of the trading world. The conversation also touches on Pardo-Guerra’s more recent work on how systems of quantitative metrics have been applied to the management of universities and what might be done about it.

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The Ideology of Innovation in India Jan 17, 2023

Science and Technologies scholar Lilly Irani talks her book, Chasing Innovation: Making Entrepreneurial Citizens in Modern India, with Peoples & Things host Lee Vinsel. Irani’s work examines the ideological role that ideas of “innovation” and “entrepreneurship” have played in India and the people who are left behind by such visions. Irani and Vinsel also discuss her other work and activism focusing on the politics of the Bay Area in California, including organization against the digital technology industry.

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South Korea, Technology, and Globalization Jan 16, 2023

Patrick Chung, assistant professor of history at the University of Maryland, talks about his research on the rise of shipping and manufacturing in South Korea with Peoples & Things host Lee Vinsel. Along the way, Chung provides fascinating insights into the role that both the US Department of Defense and local South Korean actors played in globalization.

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How Did the Pandemic Transform Workers and Work? Jan 16, 2023

The pandemic brought to the fore a group of workers deemed “essential” – frontline healthcare workers, restaurant employees, slaughterhouse workers, and the like – who often faced a difficult choice between risking their health to work or forgoing income that they couldn’t afford to do without. Often, they had to work even though they couldn’t afford health insurance – or health care themselves if they got sick, another sign of the inadequacy of our health care arrangements. How did the pandemic transform workers and work?

This week on International Horizons, Professor John Torpey talks to Jamie McCallum from sociology at Middlebury College about the shift in conditions for essential workers across the globe during the pandemic and how that affected the whole world's labor movement. McCallum discusses the variations of these effects in different regions and how exceptionally the US behaved during the pandemic in terms of labor protection. Finally, the author discusses whether labor unrest can be pushed for larger systemic change.

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Xiang Biao and Wu Qi, "Self as Method: Thinking Through China and the World" (Palgrave Macmillan, 2022) Jan 15, 2023

Today I had the pleasure of talking to Professor Xiang Biao on his new book, Self as Method: Thinking Through China and the World, which was originally written and published in Chinese. The English translation has just come out with Palgrave Macmillan.

Self as Method provides a manifesto of intellectual activism that counsels China’s young people to think by themselves and for themselves. Consisting of three conversations between Xiang Biao, a social anthropologist, and Wu Qi, a rising journalist, the book probes how China has reached its current stage and how young people can make changes.

The Chinese version, 把自己作为方法, was named the “most impactful book of 2021” by Dou4ban4, China’s premier website for rating books, films, and music. The English version, which is entirely Open Access and downloadable for free, was translated by David Ownby. The book reached 157,000 downloads in just over a couple of months.

Dr. Suvi Rautio is an anthropologist of China.

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Infrastructure and Inequality Jan 15, 2023

Daniel Armanios, associate professor of Engineering and Public Policy at Carnegie Mellon University, talks about his work on infrastructure and inequality with Peoples & Things host Lee Vinsel. Armanios’ recent work has focused on coming up with quantitative measures of how infrastructure relates to inequalities around race, gender, and class, both to address historical injustices and to inform future infrastructure construction. Armanios also talks about how he brings these topics into his teaching and his larger project around engineering and social justice.

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Jeffrey Carpenter and Andrea Robbett, "Game Theory and Behavior" (MIT Press, 2022) Jan 14, 2023

Jeffrey Carpenter and Andrea Robbett's book Game Theory and Behavior (MIT Press, 2022) is an introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents “should” do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated.

Jeffrey Carpenter is the James Jermain Professor of Political Economy at Middlebury College. His research interests include Experimental and Behavioral Economics with applications to Labor, Public and Development Economics. While pursuing these interests he has conducted lab and field experiments in North America, South America, Europe and Asia.

Andrea Robbett is an Associate Professor of Economics at Middlebury College. Her research uses laboratory experiments to test canonical theoretical models, new ideas, and conventional wisdom. Her work has addressed topics in public economics, labor, voting, information avoidance, financial decision-making and "attribute overload," trust and cooperation, and auctions.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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The Future of Inequality: A Discussion with Mike Savage Jan 13, 2023

Most people in developed countries think inequality is increasing. And most would also agree that in terms of the global poor, the last 20 years have seen vast improvements with hundreds of millions living much better lives than their parents. These are some of the themes Professor Mike Savage addresses in his book The Return of Inequality: Social change and the Weight of the Past (Harvard UP, 2021).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Heidi K. Gardner and Ivan A. Matviak, "Smarter Collaboration: A New Approach to Breaking Down Barriers and Transforming Work" (HBR Press, 2022) Jan 12, 2023

Today I talked to Dr. Heidi K. Gardner about her new book (co-authored with Ivan A. Matviak) Smarter Collaboration: A New Approach to Breaking Down Barriers and Transforming Work(HBR Press, 2022)

Diversity doesn’t mean much if a range of people are in the room but not really a part of the conversation taking place there. To counter that all-together too frequent shortcoming, today’s guest has focused on a variety of ways to achieve better collaboration where multiple viewpoints enrich the outcome. One way is to understand seven key dimensions of collaboration that focus on the personalities and behavioral tendencies in that room. Are people given to being risk seekers or spotters, for instance? Do they tend to be complex or concrete thinkers? And so on. Another way forward is to understand how the team will be evaluated and rewarded. When pay and promotions are weighted such that 40% is dependent on the outcome for customers, you tend to get a broader, more altruistic vantage point. Underlying it all in this conversation is how to overcome homophily: the basic human tendency to form connections with people most like yourself, thereby (unconsciously) excluding those who may look, dress, talk, think and feel in ways outside of your natural comfort zone.

Dr. Heidi K. Gardner is a Distinguished Fellow at Harvard Law School and was previously a professor at Harvard Business School and a consultant at McKinsey & Co. Named by Thinkers50 as a Next Generation Business Guru, she has lived and worked on four continents and holds a PhD from London Business School.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Understanding Technology Bubbles Jan 11, 2023

Brent Goldfarb and David Kirsch, professors of entrepreneurship and strategy at the University of Maryland's Robert H. Smith School of Business, talk about their book, Bubbles and Crashes: The Boom and Bust of Technological Innovation, with Peoples & Things host Lee Vinsel. Bubbles and Crashes puts forward a parsimonious model of how and when economic bubbles develop around new technologies. In the conversation, Goldfarb and Kirsch reflect on a variety of topics, including why it matters that Elon Musk is such a good story teller, whether we are currently in a technology bubble, and what we can do to prevent bubbles in the future.

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Neoliberalism and Higher Education Jan 08, 2023

This episode is a roundtable discussion on the influence of the neoliberal project on higher education. Our guests are Professor Emeritus Frank Fear from Michigan State University, Professor Claire Polster from the University of Regina, and Professor Ruben Martinez from Michigan State University. The conversation is wide-ranging across topics such as the quantification of higher education and the concept of students as customers.

John Kaag is Professor and Chair of Philosophy at UMass Lowell and External Professor at the Santa Fe Institute. John W. Traphagan, Ph.D. is Professor and Mitsubishi Heavy Industries Fellow in the Department of Religious Studies at the University of Texas at Austin, where he is also a professor in the Program in Human Dimensions of Organizations.

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(In)efficiency: Should Efficiency be a Moral Value? Jan 05, 2023

Efficiency has moved from a technique for measuring machines to a widely held moral value. But at what cost?

Guests

Jennifer Alexander, Associate Professor at the University of Minnesota and author of The Mantra of Efficiency: From Waterwheel to Social Control
Tom Hodgkinson, founder and editor of The Idler

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Regine A. Spector, "Order at the Bazaar: Power and Trade in Central Asia" (Cornell UP, 2017) Jan 04, 2023

Order at the Bazaar: Power and Trade in Central Asia(Cornell UP, 2017) delves into the role of bazaars in the political economy and development of Central Asia. Bazaars are the economic bedrock for many throughout the region--they are the entrepreneurial hubs of Central Asia. However, they are often regarded as mafia-governed environments that are largely populated by the dispossessed. By immersing herself in the bazaars of Kyrgyzstan, Regine A. Spector learned that some are rather best characterized as islands of order in a chaotic national context.

Spector draws on interviews, archival sources, and participant observation to show how traders, landowners, and municipal officials create order in the absence of a coherent government apparatus and bureaucratic state. Merchants have adapted Soviet institutions, including trade unions, and pre-Soviet practices, such as using village elders as the arbiters of disputes, to the urban bazaar by building and asserting their own authority. Spector's findings have relevance beyond the bazaars and borders of one small country; they teach us how economic development operates when the rule of law is weak.

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Roger D. Blackwell and Roger A. Bailey, "Objective Prosperity: How Behavioral Economics Can Improve Outcomes for You, Your Business, and Your Nation (Rothstein Publishing, 2022) Dec 29, 2022

Today I talked to Roger Blackwell about his new book Objective Prosperity: How Behavioral Economics Can Improve Outcomes for You, Your Business, and Your Nation (Rothstein Publishing, 2022)

Contrary to conventional wisdom, about 90% of billionaires are self-made as opposed to people who inherited their wealth. Why did they succeed? That’s the question this book explores at both the individual and at the countrywide level. Values and skills revolving around knowledge, a strong work ethic, delayed gratification, and more, provide much of the answer, as does access to mentors. Or to put it another way, as today’s guest alludes to – you could do worse than follow the advice of Wendy’s founder, Dave Thomas: Work hard, and be nice. Income inequality, immigration, college debt forgiveness are among the topics covered in this wide-ranging conversation with Roger, who has been an exemplary educator across the globe.

Roger Blackwell is the author of 40 previous books, and a retired professor from The Ohio State University where he taught in the business school as well as course for the Medical School and as part of the Black Studies faculty. In addition, Roger has taught and done research in 39 countries and for the inmates at the Federal Correction Institution in Morgantown, West Virginia.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Luke Munn, "Automation Is a Myth" (Stanford UP, 2022) Dec 27, 2022

For some, automation will usher in a labor-free utopia; for others, it signals a disastrous age-to-come. Yet whether seen as dream or nightmare, automation, argues Munn, is ultimately a fable that rests on a set of triple fictions. There is the myth of full autonomy, claiming that machines will take over production and supplant humans. But far from being self-acting, technical solutions are piecemeal; their support and maintenance reveals the immense human labor behind "autonomous" processes. There is the myth of universal automation, with technologies framed as a desituated force sweeping the globe. But this fiction ignores the social, cultural, and geographical forces that shape technologies at a local level. And, there is the myth of automating everyone, the generic figure of "the human" at the heart of automation claims. But labor is socially stratified and so automation's fallout will be highly uneven, falling heavier on some (immigrants, people of color, women) than others.

In Automation Is a Myth (Stanford UP, 2022), Munn moves from machine minders in China to warehouse pickers in the United States to explore the ways that new technologies do (and don't) reconfigure labor. Combining this rich array of human stories with insights from media and cultural studies, Munn points to a more nuanced, localized, and racialized understanding of the "future of work."

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel. Twitter.

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The Future of Global Trade: A Discussion with Shannon K. O'Neil Dec 22, 2022

Critics of globalisation come in many forms from environmentalists to trade unionists and many others in between. In the midst of all the controversy less attention has been paid to how big a phenomenon globalisation actually is and how it compares to another trend – regionalism. In this podcast Owen Bennett Jones discusses The Globalisation Myth: Why Regions Matter (Yale University Press, 2022) with its author, Shannon K. O Neil.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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The ‘Domino Effect’: Global and Regional Climate Change Impacts on Food Supply Chains Dec 22, 2022

There is a complex relationship between climate change and food systems. Food supply chains – in particular food transportation – result in global greenhouse gas emissions, and these emissions are known to be a driving force underlying climate change. But it also works the other way. Joining Dr Natali Pearson on SSEAC Stories, Dr Arunima Malik discusses the wide-ranging impacts of climate change and extreme weather events on global regional food systems and supply chains, identifying potential cascading repercussions including job and income loss as well as a loss in nutrient availability and diet quality.

About Arunima Malik:

Dr Arunima Malik is an academic in the Integrated Sustainability Analysis (ISA) group at the School of Physics, and in the Discipline of Accounting, Business School of the University of Sydney. Her research focusses on big-data modelling to quantify sustainability impacts at local, national and global scales. Arunima’s research is interdisciplinary, and focuses on the appraisal of social, economic and environmental impacts using input-output analysis. Arunima works with the United Nations Sustainable Development Solutions Network for quantifying spillover effects in international supply chains.

For more information or to browse additional resources, visit the Sydney Southeast Asia Centre’s website: www.sydney.edu.au/sseac.

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Illiquidity + Opacity = Insolvency: A Discussion with Gary Stern, Former President of the Minneapolis Fed Dec 22, 2022

What's going on in private markets? As interest rates have gone up, public markets have been marked down much more severely than assets in the private market. Will the chickens come home to roost? And, if so, when?

Gary Stern was president and chief executive officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern, a native of Wisconsin, joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. Before joining the Minneapolis Fed, Stern was a partner in a New York-based economic consulting firm. Stern's prior experience includes seven years at the Federal Reserve Bank of New York. Stern serves on the board of directors of FINRA, The Dolan Company, The Depository Trust and Clearing Corporation, Ambac Assurance Corporation, and the Council for Economic Education (CEE), where he served for a time as acting President and Chief Executive Officer. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by The Brookings Institution (2004). Stern holds an A.B. in economics from Washington University, St. Louis, and a Ph.D. in economics from Rice University, Houston.

Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets.

Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars.

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Hagai Boas, "The Political Economy of Organ Transplantation: Where Do Organs Come From?" (Routledge, 2022) Dec 20, 2022

This is the story of organ transplantation, told from the organ’s point of view.

Organs for transplantations come from two sources: living or post-mortem organ donations. These sources set different routes of movement from one body to another.

Postmortem organ donations are mainly sourced and allocated by state agencies, while living organ donations are the result of informal relations between donor and recipient. Each route traverses different social institutions, determines discrete interaction between donor and recipient, and is charged with moral meanings that can be competing and contrasting.

The political economy of organs for transplants is the gamut of these routes and their interconnections, and this book explains what such a political economy looks like: its features and contours, its negotiation of the roles of the state, market and the family in procuring organs for transplantations, and its ultimate moral justifications.

Drawing on Boas’ personal experiences of waiting, searching and obtaining organs, each autobiographical section of the book sheds light on a different aspect of the political economy of organs – post-mortem donations, parental donation, and organ market – and illustrates the experience of living with the fear of rejection and the intimidation of chronic shortage.

Boas combines a rigorous academic analysis of the political economy of organ supply for transplantation with autobiographical narratives that illuminate the complex experience of being an organ recipient.

The author, Hagai Boas invites your comments and questions. Contact him at Hagaib@vanleer.org.il

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il. She's on Twitter @embracingwisdom. She blogs here

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Renee M. P. Teate, "SQL for Data Scientists: A Beginner's Guide for Building Datasets for Analysis" (John Wiley & Sons, 2021) Dec 19, 2022

Economists and other social scientists are used to working with data that comes nicely organized into a table with a series of variable names across the top and a list of observations or datapoints down the right hand side. Data also naturally falls into this format when it comes from surveys we run. But the vast amounts of data generated by businesses and by all our online activities are usually organized in different ways. In corporate settings that first step of getting the right data and putting it into a table where it can be analyzed can be as important and challenging as the subsequent analyses. SQL (Structured Query Language) has been the standard language for accessing information in databases since the 1980s.

In this episode I interview Renee Teate, also known as “Data Science Renee” on Twitter, about her new book, SQL for Data Scientists: A Beginner’s Guide for Building Datasets for Analysis (Wiley, 2022). I learned about Renee from her popular blog and podcast, “Becoming a Data Scientist,” in which she talked about the paths she and others took to becoming a data scientist. While she was coming from more of an engineering background, many economists have been becoming data scientists from the other direction. They are building up their skills with databases and programming to complement their statistical and social science training, either because of new jobs in the tech sector or because of the new academic research possibilities this opens up. SQL is a crucial part of this toolkit, and this book is a great way to get started learning it.

In our conversation, we also discuss her current role as a lead data scientist at higher education analytics company Heliocampus, and some of her tips for aspiring data scientists as they apply for and interview for their first jobs.

Host Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco, where he created a new Master’s degree in Applied Economics designed specifically to train students in a combination of economics and data science skills that equips them to succeed in the new digital economy.

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Chokepoint Capitalism: How Chokepoint Capitalism is Strangling Creative Industries Dec 19, 2022

Many of the creative industries look like an hourglass. On the one side, you have creators; on the other, the rest of us. In the middle, Rebecca Giblin and Cory Doctorow say there's often a 'chokepoint.' Corporate behemoths -- be they streaming apps, publishers, tech giants, or others -- put on the squeeze, exploiting their market power to extract rents, push down wages, and push up costs.

But Cory and Rebecca have solutions to break the stranglehold, and in this episode of Darts and Letters Cory helps Jay explore various chokepoints, from concert tickets to audiobooks, and how we can open up the industries and get workers paid.

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Clara E. Mattei, "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism" (U Chicago Press, 2022) Dec 19, 2022

A groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal?

In The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism (University of Chicago Press, 2022), political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below. Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. Where these policies “succeeded,” relatively speaking, was in their enrichment of certain parties, including employers and foreign-trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, The Capital Order offers a damning and essential new account of the rise of austerity—and of modern economics—at the levers of contemporary political power.

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Quentin Bruneau, "States and the Masters of Capital: Sovereign Lending, Old and New" (Columbia UP, 2022) Dec 18, 2022

Today, states' ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon--the outcome of a pivotal shift in the social composition of financial markets. Investigating the financiers involved in lending capital to sovereigns over the past two centuries, Bruneau identifies profound changes in their identities, goals, and forms of knowledge.

In States and the Masters of Capital(Columbia University Press, 2022), he shows how an old world made up of merchant banking families pursuing both profit and status gradually gave way to a new one dominated by large companies, such as joint stock banks and credit rating agencies, exclusively pursuing profit. Lacking the web of personal ties to sovereigns across the world that their established rivals possessed, these financial institutions began relying on a different form of knowledge created to describe and compare states through quantifiable data: statistics. Over the course of this epochal shift, which only came to an end a few decades ago, financial markets thus reconceptualized states. Instead of a set of individuals to be known in person, they became numbers on a page. Raising new questions about the history of sovereign lending, this book illuminates the nature of the relationship between states and financial markets today--and suggests that it may be on the cusp of another major transformation.

Quentin Bruneau is an Assistant Professor in the Department of Politics at the New School for Social Research and Eugene Lang College.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Jeremy L. Wallace, "Seeking Truth and Hiding Facts: Information, Ideology, and Authoritarianism in China" (Oxford UP, 2022) Dec 18, 2022

For decades, a few numbers came to define Chinese politics--until those numbers did not count what mattered and what they counted did not measure up.

Seeking Truth and Hiding Facts: Information, Ideology, and Authoritarianism in China (Oxford UP, 2022) argues that the Chinese government adopted a system of limited, quantified vision in order to survive the disasters unleashed by Mao Zedong's ideological leadership. Political scientist Jeremy Wallace explains how that system worked and analyzes how the problems that accumulated in its blind spots led Xi Jinping to take drastic action. Xi's neopolitical turn--aggressive anti-corruption campaigns, reassertion of party authority, and personalization of power--is an attempt fix the problems of the prior system, as well as a hedge against an inability to do so. The book argues that while of course dictators stay in power through coercion and cooptation, they also do so by convincing their populations and themselves of their right to rule. Quantification is one tool in this persuasive arsenal, but it comes with its own perils.

Jeremy Wallace is an associate professor of Government at Cornell University, who studies authoritarianism with a focus on China, cities, statistics, and climate change. His academic research has appeared in the American Political Science Review, the China Quarterly, International Organization, and other prominent journals. His popular writing has appeared in the Washington Post, the LA Times, and Foreign Policy. His first book was Cities and Stability: Urbanization, Redistribution, and Regime Survival in China.

This episode is co-hosted by Lizzi C. Lee, an MIT-trained economist who is currently working as a reporter and host in Chinese for the New York-based independent media outlet Wall Street TV and in English for ChinaEdge, which is part of the English language media company The China Project.

Host Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco. His research focus is the political economy of governance in China. He is a member of the National Committee on US-China Relations (NCUSCR) and USF’s new Center on Business Studies and Innovation in the Asia-Pacific.

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The Future of the Arms Industry: A Discussion with Pieter D. Wezeman Dec 17, 2022

If you read the business pages of most newspapers, they are filled with stories about the sort of companies that people do business with – airlines, retail outlets, football clubs and the like. There tend to be far fewer stories about the arms industry - unless it’s about some scandal – generally bribes or sales to governments with poor human rights records. So today we are discussing the future of the arms industry with Pieter D. Wezeman who researches these matters at the leading institute in this area, the Stockholm International Peace Research Institute or SIPRI.

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Dan Slater and Joseph Wong, "From Development to Democracy: The Transformations of Modern Asia" (Princeton UP, 2022) Dec 17, 2022

Why some of Asia’s authoritarian regimes have democratized as they have grown richer—and why others haven’t Over the past century, Asia has been transformed by rapid economic growth, industrialization, and urbanization—a spectacular record of development that has turned one of the world’s poorest regions into one of its richest. Yet Asia’s record of democratization has been much more uneven, despite the global correlation between development and democracy. Why have some Asian countries become more democratic as they have grown richer, while others—most notably China—haven’t?

In From Development to Democracy: The Transformations of Modern Asia(Princeton University Press, 2022),' Dan Slater and Joseph Wong offer a sweeping and original answer to this crucial question. Slater and Wong demonstrate that Asia defies the conventional expectation that authoritarian regimes concede democratization only as a last resort, during times of weakness. Instead, Asian dictators have pursued democratic reforms as a proactive strategy to revitalize their power from a position of strength. Of central importance is whether authoritarians are confident of victory and stability. In Japan, South Korea, and Taiwan these factors fostered democracy through strength, while democratic experiments in Indonesia, Thailand, and Myanmar were less successful and more reversible. At the same time, resistance to democratic reforms has proven intractable in Singapore, Malaysia, Hong Kong, China, Vietnam, and Cambodia. Reconsidering China’s 1989 crackdown, Slater and Wong argue that it was the action of a regime too weak to concede, not too strong to fail, and they explain why China can allow democracy without inviting instability. The result is a comprehensive regional history that offers important new insights about when and how democratic transitions happen—and what the future of Asia might be.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Walt Bogdanich and Michael Forsythe, "When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm" (Doubleday, 2022) Dec 16, 2022

An explosive, deeply reported exposé of McKinsey & Company, When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm (Doubleday, 2022) by Walt Bogdanich and Michael Forsythe (Doubleday, 2022) highlights the often drastic impact of the most prestigious consulting company in the world. McKinsey's vaunted statement of values asserts that its role is to make the world a better place, but what does it actually do? Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey also collects millions of dollars advising government agencies. Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining thousands of revelatory documents, and following the money. When McKinsey Comes to Town is a landmark work of investigative reporting.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here.

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Karen Levy, "Data Driven: Truckers, Technology, and the New Workplace Surveillance" (Princeton UP, 2022) Dec 15, 2022

Long-haul truckers are the backbone of the American economy, transporting goods under grueling conditions and immense economic pressure. Truckers have long valued the day-to-day independence of their work, sharing a strong occupational identity rooted in a tradition of autonomy. Yet these workers increasingly find themselves under many watchful eyes. Data Driven: Truckers, Technology, and the New Workplace Surveillance(Princeton UP, 2022) examines how digital surveillance is upending life and work on the open road, and raises crucial questions about the role of data collection in broader systems of social control.

Karen Levy takes readers inside a world few ever see, painting a bracing portrait of one of the last great American frontiers. Federal regulations now require truckers to buy and install digital monitors that capture data about their locations and behaviors. Intended to address the pervasive problem of trucker fatigue by regulating the number of hours driven each day, these devices support additional surveillance by trucking firms and other companies. Traveling from industry trade shows to law offices and truck-stop bars, Levy reveals how these invasive technologies are reconfiguring industry relationships and providing new tools for managerial and legal control--and how truckers are challenging and resisting them.

Data Driven contributes to an emerging conversation about how technology affects our work, institutions, and personal lives, and helps to guide our thinking about how to protect public interests and safeguard human dignity in the digital age.

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Barbara Katz Rothman, "The Biomedical Empire: Lessons Learned from the COVID Pandemic" (Stanford UP, 2021) Dec 11, 2022

We are all citizens of the Biomedical Empire, though few of us know it, and even fewer understand the extent of its power. In this book, Barbara Katz Rothman clarifies that critiques of biopower and the "medical industrial complex" have not gone far enough, and asserts that the medical industry is nothing short of an imperial power. Factors as fundamental as one's citizenship and sex identity—drivers of our access to basic goods and services—rely on approval and legitimation by biomedicine. Moreover, a vast and powerful global market has risen up around the empire, making it one of the largest economic forces in the world.

In The Biomedical Empire: Lessons Learned from the COVID Pandemic (Stanford UP, 2021), Katz Rothman shows that biomedicine has the key elements of an imperial power: economic leverage, the faith of its citizens, and governmental rule. She investigates the Western colonial underpinnings of the empire and its rapid intrusion into everyday life, focusing on the realms of birth and death. This provides her with a powerful vantage point from which to critically examine the current moment, when the COVID-19 pandemic has exposed the power structures of the empire in unprecedented ways while sparking the most visible resistance it has ever seen.

Barbara Katz Rothman is Professor of Sociology, at the City University of New York. She has served as President of Sociologists for Women in Society; the Society for the Study of Social Problems, and the Eastern Sociological Society. Her awards include the Jesse Bernard Award of the American Sociological Association, and an award for "Midwifing the Movement" from the Midwives Alliance of North America, and a distinguished Chair in Health Sciences from the Fulbright Association. She is the author of numerous books, most recently A Bun in the Oven: How the Food and Birth Movements Resist Industrialization (2016).

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. He is the author of Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington, 2022). His general area of study is on media representations of people and place at festivals and celebrations. He is currently working on his next book where he conducted research on an annual canoeing and kayaking event that takes place on the Upper Mississippi River. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Julia Ticona, "Left to Our Own Devices: Coping with Insecure Work in a Digital Age" (Oxford UP, 2022) Dec 09, 2022

Hello, world! This is the Global Media & Communication podcast series.

In this episode, our host Florence Madenga discusses the book Left to Our Own Devices

Coping with Insecure Work in a Digital Age (2022) by Dr. Julia Ticona.

You’ll hear about:

Dr. Ticona’s intellectual trajectory and how her first monograph has been transformed from a dissertation project into a book
What audience the book is intended for and what critical scholarship means for the author
The design of the research project and the processes and ethics of conducting research about the gig economy
How the ongoing pandemic has changed or altered the way Dr. Ticona thinks about this book
The core arguments and take-away points from the book around keywords such as “digital inequality,” “precarity,” “platform economy,” and “digital hustle”
The global implications of a study on low-wage gig economy workers in the American labor market
The question of agency in workers’ everyday life and how people survive in the global platform economy
The gendered nature of labor in the gig economy and what Dr. Ticona calls “tethered care work”
How we can better understand the complexity of our mediated worlds and precarious work beyond the tech companies and digital platforms

About the book

Over the past three decades, digital technologies like smartphones and laptops have transformed the way we work in the US. At the same time, workers at both ends of the income ladder have experienced rising levels of job insecurity and anxiety about their economic futures. In Left to Our Own Devices, Julia Ticona explores the ways that workers use their digital technologies to navigate insecure and flexible labor markets. Through 100 interviews with high and low-wage precarious workers across the US, she explores the surprisingly similar "digital hustles" they use to find work and maintain a sense of dignity and identity. Ticona then reveals how the digital hustle ultimately reproduces inequalities between workers at either end of polarized labor markets. A moving and accessible look at the intimate consequences of contemporary capitalism, Left to Our Own Devices will be of interest to sociologists, communication and media studies scholars, as well as a general audience of readers interested in digital technologies, inequality, and the future of work in the US.

You can find this book on the Oxford University Press website.

Author: Julia Ticona is an assistant professor at the Annenberg School for Communication, University of Pennsylvania.

Host: Florence Madenga is a doctoral fellow at CARGC at the Annenberg School for Communication, University of Pennsylvania.

Editor & Producer: Jing Wang is Senior Research Manager at CARGC at the Annenberg School for Communication, University of Pennsylvania.

Our podcast is part of the multimodal project powered by the Center for Advanced Research in Global Communication (CARGC) at the Annenberg School for Communication at the University of Pennsylvania. At CARGC, we produce and promote critical, interdisciplinary, and multimodal research on global media and communication. We aim to bridge academic scholarship and public life, bringing the very best scholarship to bear on enduring global questions and pressing contemporary issues.

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The Future of AI in Work: A Discussion with Daniel Susskind Dec 09, 2022

What exactly can artificial intelligence do? It’s an issue some of the professions are grappling with – on the face of it, law is an area that rests on fine human judgment – but in fact many of tasks it involves can be performed by AI and if that is true for law then presumably it is also true for many other areas too. Daniel Susskind of Oxford University discusses his book The Future of the Professions: How Technology Will Transform the World of Human Experts (Oxford UP, 2022),

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Robert L. Hetzel, "The Federal Reserve: A New History" (U Chicago Press, 2022) Dec 08, 2022

In The Federal Reserve: A New History(University of Chicago Press, 2022), Robert Hetzel draws on a 43-year career as an economist in the central bank to trace the influence of the Fed on the American economy. Hetzel compares periods in which the Fed stabilized the economy and periods in which it destabilized the economy. He draws lessons about what monetary rule is stabilizing. Recast through this lens and enriched with archival materials, Hetzel's sweeping history offers a new understanding of the bank's watershed moments since 1913. They include critical accounts of the Great Depression, the Great Inflation, and the Great Recession. The Federal Reserve: A New History arrives as a critical history for a critical moment. It promises to recast our understanding of the central bank in its second century.

Robert L. Hetzel is a visiting scholar at the Federal Reserve Bank of Chicago and a senior affiliated scholar at the Mercatus Center at George Mason University.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Elizabeth Tandy Shermer, "Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in College Debt" (Harvard UP, 2021) Dec 04, 2022

It didn't always take thirty years to pay off the cost of a bachelor's degree.

In Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in College Debt(Harvard UP, 2021), Elizabeth Tandy Shermer untangles the history that brought us here and discovers that the story of skyrocketing college debt is not merely one of good intentions gone wrong. In fact, the federal student loan program was never supposed to make college affordable.

The earliest federal proposals for college affordability sought to replace tuition with taxpayer funding of institutions. But Southern whites feared that lower costs would undermine segregation, Catholic colleges objected to state support of secular institutions, professors worried that federal dollars would come with regulations hindering academic freedom, and elite-university presidents recoiled at the idea of mass higher education. Cold War congressional fights eventually made access more important than affordability. Rather than freeing colleges from their dependence on tuition, the government created a loan instrument that made college accessible in the short term but even costlier in the long term by charging an interest penalty only to needy students. In the mid-1960s, as bankers wavered over the prospect of uncollected debt, Congress backstopped the loans, provoking runaway inflation in college tuition and resulting in immense lender profits.

Today 45 million Americans owe more than $1.5 trillion in college debt, with the burdens falling disproportionately on borrowers of color, particularly women. Reformers, meanwhile, have been frustrated by colleges and lenders too rich and powerful to contain. Indentured Students makes clear that these are not unforeseen consequences. The federal student loan system is working as designed.

Elizabeth Tandy Shermer has written about labor, politics, and education for the Washington Post, HuffPost, and Dissent. Author of Sunbelt Capitalism: Phoenix and the Transformation of American Politics, she is Associate Professor of History at Loyola University Chicago.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Trevor Jackson, "Impunity and Capitalism: The Afterlives of European Financial Crises, 1690-1830" (Cambridge UP, 2022) Nov 30, 2022

Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism: The Afterlives of European Financial Crises, 1690-1830 (Cambridge University Press, 2022) develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters.

Dr. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe's richest man in 1709, to the world's first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault.

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

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Mathematical Morality: The Ideology that Justifies Billionaires Nov 30, 2022

How can billionaires justify the endless accumulation of wealth? Effective altruism. An almost religious philosophical belief. Sam Bankman-Fried, the former CEO and founder of collapsed crypto exchange FTX is a major proponent, as is Elon Musk.

Now, SBF and many in Effective Altruism have also embraced longtermism, a strand of extreme utilitarian thinking that tells us we should worry about the interests of future people -- trillions of future people, 1000s of years into the future, and in planets far away. We examine the complicated moral math of longtermism with Émile P. Torres, a former longtermist who is now one of the movement's sharpest apostates.

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Paul Belleflamme and Martin Peitz, "The Economics of Platforms: Concepts and Strategy" (Cambridge UP, 2021) Nov 30, 2022

Digital platforms controlled by Alibaba, Alphabet, Amazon, Facebook, Netflix, Tencent and Uber have transformed not only the ways we do business, but also the very nature of people's everyday lives. It is of vital importance that we understand the economic principles governing how these platforms operate. Paul Belleflamme and Martin Peitz's book The Economics of Platforms: Concepts and Strategy (Cambridge UP, 2021) explains the driving forces behind any platform business with a focus on network effects. The authors use short case studies and real-world applications to explain key concepts such as how platforms manage network effects and which price and non-price strategies they choose. This self-contained text is the first to offer a systematic and formalized account of what platforms are and how they operate, concisely incorporating path-breaking insights in economics over the last twenty years.

Martin Peitz is professor of economics at the University of Mannheim (since 2007), a director of the Mannheim Centre for Competition and Innovation – MaCCI (since 2009). He has been member of the economic advisory group on competition policy (EAGCP) at the European Commission (2013–2016), an academic director of the Centre on Regulation in Europe, CERRE (2012–2016) and head of the Department of Economics (2010–2013). Martin has widely published in leading economics journals. He also frequently trains and advises government agencies in Europe and abroad on competition and regulation issues.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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The Future of Xi and China: A Discussion with Sue Lin Wong Nov 30, 2022

What will a Chinese-dominated world look like? And since Xi Jin Ping will probably rule China for life, what does he want to do; what does he believe in and what does he mean for China and the world? Sue Lin Wong has made an excellent podcast series on him called "The Prince: Searching for Xi Jinping" and discussed the Chinese leader with Owen Bennett-Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Agathe Demarais, "Backfire: How Sanctions Reshape the World Against U.S. Interests" (Columbia UP, 2022) Nov 29, 2022

Sanctions have become the go-to foreign policy tool for the United States. Coercive economic measures such as trade tariffs, financial penalties, and export controls affect large numbers of companies and states across the globe. Some of these penalties target nonstate actors, such as Colombian drug cartels and Islamist terror groups; others apply to entire countries, including North Korea, Iran, and Russia. U.S. policy makers see sanctions as a low-cost tactic, but in reality these measures often fail to achieve their intended goals--and their potent side effects can even harm American interests.

Backfire: How Sanctions Reshape the World Against U.S. Interests (Columbia UP, 2022) explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon. The proliferation of sanctions spurs efforts to evade them, as states and firms seek ways to circumvent U.S. penalties. This is only part of the story. Sanctions also reshape relations between countries, pushing governments that are at odds with the U.S. closer to each other--or, increasingly, to Russia and China.

Full of counterintuitive insights spanning a wide range of topics, from commodities markets in Russia to Iran's COVID response and China's cryptocurrency ambitions, Backfire reveals how sanctions are transforming geopolitics and the global economy--as well as diminishing U.S. influence. This insider's account is an eye-opening, accessible, and timely book that sheds light on the future of sanctions in an increasingly multipolar world.

Mathias Fuelling is a doctoral candidate in History at Temple University, working on a political history of Czechoslovakia in the immediate post-WWII years. He can be found on Twitter at https://twitter.com/bucephalus424

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Tim Walker and Lucian Morris, "The Handbook of Banking Technology" (John Wiley & Sons, 2021) Nov 28, 2022

In The Handbook of Banking Technology (John Wiley & Sons, 2021), Walker and Morris provide a first comprehensive view of the systems that support a bank. During the interview, they bring out the interactions of these components and how the themes they touch on in the book come together. Years of first-hand experience combined with detailed research come together to explain the intricacies of the technological architecture of modern banking. Quite often the authors provide a long-term perspective of how these applications develop in order to provide a better understanding of how we got to where we are.

The other podcast mentioned in this interview is James Bessen "The New Goliaths".

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Jennifer Mittelstadt and Mark R. Wilson, "The Military and the Market" (U Pennsylvania Press, 2022) Nov 25, 2022

Throughout its history, the U.S. military has worked in close connection to market-based institutions and structures. It has run systems of free and unfree labor, taken over private sector firms, and both spurred and snuffed out economic development. It has created new markets―for consumer products, for sex work, and for new technologies. It has operated as a regulator of industries and firms and an arbitrator of labor practices. And in recent decades it has gone so far as to refashion itself from the inside, so as to become more similar to a for-profit corporation.

The Military and the Market (U Pennsylvania Press, 2022) covers two centuries of history of the U.S. military’s vast and varied economic operations, including its often tense relationships with capitalist markets. Collecting new scholarship at the intersection of the fields of military history, business history, policy history, and the history of capitalism, the nine chapters feature important new research on subjects ranging from Civil War soldier-entrepreneurs, to the business of the construction of housing and overseas bases for the Cold War, to the U.S. military’s troubled relationships with markets for sex. The volume enriches scholars’ understandings of the depth and complexity of military-market relations in U.S. history and offers today’s military policymakers novel insights about the origins of current arrangements and how they might be reimagined.

Jennifer Mittelstadt is Professor of History at Rutgers University and author of The Rise of the Military Welfare State.

Mark R. Wilson is Professor of History at the University of North Carolina, Charlotte, and author of Destructive Creation: American Business and the Winning of World War II, also available from the University of Pennsylvania Press.

Alex Beckstrand is a Ph.D. candidate at the University of Connecticut, a lecturer at Central Connecticut State University, and an officer in the Marine Corps Reserves. He works in the aerospace industry.

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Kasia Paprocki, "Threatening Dystopias: The Global Politics of Climate Change Adaptation in Bangladesh" (Cornell UP, 2021) Nov 24, 2022

In Threatening Dystopias: The Global Politics of Climate Change Adaptation in Bangladesh (Cornell UP, 2021), Kasia Paprocki challenges two well-worn assumptions about climate change and its relationship with the political economy of development and agriculture, in Bangladesh, which helps shed light on how climate change becomes a politically contested category, in countries across the Global South. The first, is that climate change is simply a contemporary phenomenon without a longer history embedded in the ecology, economics, politics, and social relations in the region. Second, that climate change is the driver of the increased vulnerability of large swaths of the Bangladeshi population, like the community she closely follows in Khulna, in the southwestern part of the country.

Through fine-grained ethnographic and archival detail, Paprocki engages with developers, policy makers, scientists, farmers, and rural migrants to show how Bangladeshi and global elites ignore the history of landscape transformation and its attendant conflicts in advancing certain ‘climate adaptation’ agendas, which have dire consequences for the most marginalized.

She looks at how groups craft economic narratives and strategies that redistribute power and resources away from peasant communities. Although these groups claim that increased production of export commodities will reframe the threat of climate change into an opportunity for economic development and growth, the reality is not so simple. For the country's rural poor, these promises ring hollow.

As development dispossesses the poor from agrarian livelihoods, outmigration from peasant communities leads to precarious existences in urban centers. And a vision of development in which urbanization and export-led growth are both desirable and inevitable is not one the land and its people can sustain. Threatening Dystopias shows how a powerful rural movement, although hampered by an all-consuming climate emergency, is seeking climate justice in Bangladesh.

Archit Guha is a PhD researcher at the Duke University History Department.

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Public Participation and Contested Hydropower Development in the Mekong River Basin Nov 24, 2022

Regional demand for renewable hydropower from the Mekong River and its tributaries in Laos is on the rise. In June 2022, Laos exported one hundred megawatts of hydropower to Singapore via Thailand and Malaysia – a historic milestone that further establishes Laos as the battery of Asia. However, these developments take place amid rising concerns for the ecological future of the transboundary Mekong River and the millions of people who depend on it.

Joining Dr Natali Pearson on SSEAC Stories, Dr Ming Li Yong exposes how further hydropower development on the Mekong River could negatively affect ecosystems, resulting in decreased food security and jeopardising livelihoods in the river basin. She also discusses processes of public consultation and how they fail to consider local communities’ opinions on these contested projects.

About Ming Li Yong:

Ming Li is a Fellow at the East-West Center in Honolulu, Hawai’i. She researches transboundary water governance and hydropower development in the Mekong River Basin. Her research focuses on community-based natural resource management, civil society movements, public participation, and the institutional arrangements that influence the politics of water resources development in the Mekong region. She received her Ph.D. from The University of Sydney and has previously taught courses on environmental ethics, sustainability, and food at the School for Field Studies and Paññāsāstra University of Cambodia, and at the National Institute of Education in Singapore.

For more information or to browse additional resources, visit the Sydney Southeast Asia Centre’s website: www.sydney.edu.au/sseac.

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Rebecca Giblin and Cory Doctorow, "Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back" (Beacon Press, 2022) Nov 23, 2022

Corporate concentration has breached the stratosphere, as have corporate profits. An ever-expanding constellation of industries are now monopolies (where sellers have excessive power over buyers) or monopsonies (where buyers hold the whip hand over sellers)—or both.

In Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back (Beacon, 2022), scholar Dr. Rebecca Giblin and writer and activist Cory Doctorow argue we’re in a new era of “chokepoint capitalism,” with exploitative businesses creating insurmountable barriers to competition that enable them to capture value that should rightfully go to others. All workers are weakened by this, but the problem is especially well-illustrated by the plight of creative workers. From Amazon’s use of digital rights management and bundling to radically change the economics of book publishing, to Google and Facebook’s siphoning away of ad revenues from news media, and the Big Three record labels’ use of inordinately long contracts to up their own margins at the cost of artists, chokepoints are everywhere.

By analyzing book publishing and news, live music and music streaming, screenwriting, radio and more, Giblin and Doctorow deftly show how powerful corporations construct “anti-competitive flywheels” designed to lock in users and suppliers, make their markets hostile to new entrants, and then force workers and suppliers to accept unfairly low prices.

In the book’s second half, Giblin and Doctorow then explain how to batter through those chokepoints, with tools ranging from transparency rights to collective action and ownership, radical interoperability, contract terminations, job guarantees, and minimum wages for creative work.

Chokepoint Capitalism is a call to workers of all sectors to unite to help smash these chokepoints and take back the power and profit that’s being heisted away—before it’s too late.

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

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Aynne Kokas, "Trafficking Data: How China Is Winning the Battle for Digital Sovereignty" (Oxford UP, 2022) Nov 22, 2022

On August 6, 2020, the Trump Administration issued a ban on TikTok in the United States, requiring that the owner, Beijing-based Bytedance, sell the company to American investors or shut it down. Legions of TikTokers were devastated at the possible loss of their beloved platform, and for what: a political grudge with China? American suitors like Walmart and Oracle tried to make a deal with Bytedance to keep the platform operating in the US. But then something curious happened. The Chinese government refused to let Bytedance sell TikTok on national security grounds. As it turns out, the pandemic era platform for dance challenges is a Chinese government asset.

As digital technologies and social media have evolved into organizing forces for the way in which we conduct our work and social lives, the business logic that undergirds these digital platforms has become clear: we are their product. We give these businesses information about everything--from where we live and work to what we like to do for entertainment, what we consume, where we travel, what we think politically, and with whom we are friends and acquaintances. We do this willingly, but often without a full understanding of how this information is stored or used, or what happens to it when it crosses international boundaries. As Aynne Kokas argues, both corporations and governments traffic much of this data without our consent--and sometimes illegally--for political and financial gain.

In Trafficking Data: How China Is Winning the Battle for Digital Sovereignty(Oxford UP, 2022), Aynne Kokas looks at how technology firms in the two largest economies in the world, the United States and China, have exploited government policy (and the lack thereof) to gather information on citizens, putting US national security at risk. Kokas argues that US government leadership failures, Silicon Valley's disruption fetish, and Wall Street's addiction to growth have fuelled China's technological goldrush. In turn, American complacency yields an unprecedented opportunity for Chinese firms to gather data in the United States and quietly send it back to China, and by extension, to the Chinese government. Drawing on years of fieldwork in the US and China and a large trove of corporate and policy documents, Trafficking Data explains how China is fast becoming the global leader in internet governance and policy, and thus of the data that defines our public and private lives.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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Lynette H. Ong, "Outsourcing Repression: Everyday State Power in Contemporary China" (Oxford UP, 2022) Nov 18, 2022

How do states coerce citizens into compliance while simultaneously minimizing backlash? In Outsourcing Repression: Everyday State Power in Contemporary China (Oxford UP, 2022), Lynette H. Ong examines how the Chinese state engages nonstate actors, from violent street gangsters to nonviolent grassroots brokers, to coerce and mobilize the masses for state pursuits, while reducing costs and minimizing resistance. She draws on ethnographic research conducted annually from 2011 to 2019--the years from Hu Jintao to Xi Jinping, a unique and original event dataset, and a collection of government regulations in a study of everyday land grabs and housing demolition in China. Her research highlights one of the ways in which modern authoritarians conceal their actions in order to maintain their popularity among ordinary citizens, a theme also explored in my earlier interview with Daniel Treisman about his book Spin Dictators.

Author Lynette Ong is Professor of Political Science at the University of Toronto, with a joint appointment at the Department of Political Science and the Munk School of Global Affairs and Public Policy’s Asian Institute. Her other books are The Street and the Ballot Box: Interactions Between Social Movements and Electoral Politics in Authoritarian Contexts (Cambridge University Press, Elements Series in Contentious Politics, 2022), and Prosper or Perish: Credit and Fiscal Systems in Rural China (Cornell University Press, 2012), She has published research articles in Perspectives on Politics, Journal of Comparative Politics, China Quarterly, China Journal, Journal of Contemporary Asia, and other prominent journals. Here research has also been covered in the Economist, New York Times, Wall Street Journal, Washington Post, and the South China Morning Post.

Host Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco. His research focus is the political economy of governance in China and he is a member of the National Committee on US-China Relations (NCUSCR) and USF’s new Center on Business Studies and Innovation in the Asia-Pacific.

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Leandro Prados de la Escosura, "Human Development and the Path to Freedom: 1870 to the Present" (Cambridge UP, 2022) Nov 16, 2022

How has human development evolved during the last 150 years of globalization and economic growth? How has human development been distributed across countries? How do developing countries compare to developed countries? Do social systems matter for well-being? Are there differences in the performance of developing regions over time? Employing a capabilities approach, Human Development and the Path to Freedom: 1870 to the Present (Cambridge University Press, 2022) addresses these key questions in the context of modern economic growth and globalization from c.1870 to the present.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Sisi Sung, "The Economics of Gender in China: Women, Work and the Glass Ceiling" (Routledge, 2022) Nov 16, 2022

Alongside rapid socio-economic development, China has achieved remarkable gains in gender equality on metrics like health, education, and labor force participation. Yet, the glass ceiling phenomenon and the underrepresentation of women in management has worsened. Sisi Sung's The Economics of Gender in China(Routledge, 2022) develops a cross-disciplinary paradigm, with economics at its core, to better understand gender in China and women in management in the Chinese business context.

In addition to its theoretical advancements, The Economics of Gender in China uses in-depth interviews with managers in China’s largest enterprises to form rich qualitative insights on women’s managerial experiences and career choices. The book also focuses on the enduring power of stereotypes that specify women’s roles in the family, organization, and society. The book's multi-disciplinary approach allows readers across disciplines with an interest in gender studies to find it useful as an introductory reference.

Sisi Sung is a postdoctoral fellow at the Max Weber Centre for Advanced Cultural and Social Studies, University of Erfurt, Germany, and a research fellow at Tsinghua University, China. This interview was conducted by Kelsi Caywood, a PhD student in Sociology at the University of Michigan, who researches comparative gender inequality in the United States and East Asia.

Kelsi Caywood is a PhD Student in Sociology at the University of Michigan

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David McDermott Hughes, "Energy without Conscience: Oil, Climate Change, and Complicity" (Duke UP, 2017) Nov 16, 2022

In Energy without Conscience: Oil, Climate Change, and Complicity (Duke University Press, 2017), David McDermott Hughes investigates why climate change has yet to be seen as a moral issue. He examines the forces that render the use of fossil fuels ordinary and therefore exempt from ethical evaluation. Hughes centers his analysis on Trinidad and Tobago, which is the world's oldest petro-state, having drilled the first continuously producing oil well in 1866. Marrying historical research with interviews with Trinidadian petroleum scientists, policymakers, technicians, and managers, he draws parallels between Trinidad's eighteenth- and nineteenth-century slave labor energy economy and its contemporary oil industry. Hughes shows how both forms of energy rely upon a complicity that absolves producers and consumers from acknowledging the immoral nature of each. He passionately argues that like slavery, producing oil is a moral choice and that oil is at its most dangerous when it is accepted as an ordinary part of everyday life. Only by rejecting arguments that oil is economically, politically, and technologically necessary, and by acknowledging our complicity in an immoral system, can we stem the damage being done to the planet.

David McDermott Hughes is a professor of anthropology at Rutgers University. In research and teaching, he explores ways in which people exploit each other while exploiting nature, environments, and the entire biosphere. He has written ethnography, history, and public criticism on topics as diverse as settler colonialism, racism, slavery, land reform, climate change, oil, and renewable energy – in Southern Africa, the Caribbean, and the European South. He is the author of many other books, with his most recent titled Who Owns the Wind? Climate Crisis and the Hope of Renewable Energy (Verso Press, 2021). He is also a scholar-activist, having served as president, chief negotiator, and climate justice chair of the Rutgers faculty labor union.

Aleem Mahabir is a PhD candidate in Geography at the University of the West Indies, Mona, Jamaica. His research interests lie at the intersection of Urban Geography, Social Exclusion and Psychology. His dissertation research focuses on the link among negative psychosocial dispositions, exclusion, and under-development among marginalized communities in Port of Spain, Trinidad and Tobago. You can find him on Twitter.

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Matthew Crain, "Profit over Privacy: How Surveillance Advertising Conquered the Internet" (U Minnesota Press, 2021) Nov 15, 2022

The contemporary internet's de facto business model is one of surveillance. Browser cookies follow us around the web, Amazon targets us with eerily prescient ads, Facebook and Google read our messages and analyze our patterns, and apps record our every move. In Profit over Privacy: How Surveillance Advertising Conquered the Internet (U Minnesota Press, 2021), Matthew Crain gives internet surveillance a much-needed origin story by chronicling the development of its most important historical catalyst: web advertising.

The first institutional and political history of internet advertising, Profit over Privacy uses the 1990s as its backdrop to show how the massive data-collection infrastructure that undergirds the internet today is the result of twenty-five years of technical and political economic engineering. Crain considers the social causes and consequences of the internet's rapid embrace of consumer monitoring, detailing how advertisers and marketers adapted to the existential threat of the internet and marshaled venture capital to develop the now-ubiquitous business model called "surveillance advertising." He draws on a range of primary resources from government, industry, and the press and highlights the political roots of internet advertising to underscore the necessity of political solutions to reign in unaccountable commercial surveillance.

The dominant business model on the internet, surveillance advertising is the result of political choices--not the inevitable march of technology. Unlike many other countries, the United States has no internet privacy law. A fascinating prehistory of internet advertising giants like Google and Facebook, Profit over Privacy argues that the internet did not have to turn out this way and that it can be remade into something better.

Peter C. Kunze is a visiting assistant professor of communication at Tulane University.

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The Future of Data Control: A Discussion with Sarah Lamdan Nov 15, 2022

A few big companies are selling information about us to governments and companies. But beyond a general sense of unease, what do we need to know about this and what do we need to do about it? Professor Sarah Lamdan gives answers to those questions in her book Data Cartels: The Companies that Control and Monopolise our Information(Stanford UP, 2022). Listen to her conversations with Owen Bennett Jones.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Christopher Marquis and Kunyuan Qiao, "Mao and Markets: The Communist Roots of Chinese Enterprise" (Yale UP, 2022) Nov 15, 2022

Mao and Markets: The Communist Roots of Chinese Enterprise (Yale University Press, 2022) by Dr. Christopher Marquis & Dr. Kunyuan Qiao presents a thoroughly researched assessment of how China’s economic success continues to be shaped by the communist ideology of Chairman Mao

It was long assumed that as China embraced open markets and private enterprise, its state-controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, China’s growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many in the West.

Christopher Marquis and Kunyuan Qiao argue that China’s economic success is based on—not in spite of—the continuing influence of Communist leader Mao Zedong. They illustrate how Mao’s ideological principles, mass campaigns, and socialist institutions have enduringly influenced Chinese entrepreneurs’ business strategies and the management of their ventures. Grounded in case studies and quantitative analyses, this book shows that while private enterprise is the engine of China’s growth, Chinese companies see no contradictions between commercial drive and a dedication to Maoist ideology.

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

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Jan Selby et al., "Divided Environments: An International Political Ecology of Climate Change, Water and Security" (Cambridge UP, 2022) Nov 11, 2022

What are the implications of climate change for twenty-first-century conflict and security? Rising temperatures, it is often said, will bring increased drought, more famine, heightened social vulnerability, and large-scale political and violent conflict; indeed, many claim that this future is already with us. Divided Environments: An International Political Ecology of Climate Change, Water and Security (Cambridge UP, 2022), however, shows that this is mistaken. Focusing especially on the links between climate change, water and security, and drawing on detailed evidence from Israel-Palestine, Syria, Sudan and elsewhere, it shows both that mainstream environmental security narratives are misleading, and that the actual security implications of climate change are very different from how they are often imagined. Addressing themes as wide-ranging as the politics of droughts, the contradictions of capitalist development and the role of racism in environmental change, while simultaneously articulating an original 'international political ecology' approach to the study of socio-environmental conflicts, Divided Environments offers a new and important interpretation of our planetary future.

Jan Selby joined the University of Sheffield in June 2020 as Professor of Politics and International Relations. After completing a PhD in Sociology at the University of Lancaster (2002), Jan's first post was as a lecturer in Lancaster's Department of Politics and IR. After a short stint at Aberystwyth, he then moved to the Department of IR, University of Sussex, where he worked for 15 years (2005-20). He held several leadership positions at Sussex, including Head of Department (2007-09), Director of Research (2011-20), and Director of the cross-disciplinary Sussex Centre for Conflict and Security Research (2012-18). Professor Selby’s research and teaching focus on climate change, water and energy politics, though he also works periodically on themes in IR theory, and conflict, peacebuilding and development.

Sidney Michelini is a PhD student working on climate and conflict at the Potsdam Institute for Climate Impact Research.

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Christopher Howard, "Who Cares: The Social Safety Net in America" (Oxford UP, 2022) Nov 08, 2022

Societies are often judged by how they treat their most vulnerable members: the poor and near poor. In the United States, this responsibility belongs not only to governments, but also to charities, businesses, individuals, and family members. Their combined efforts generate a social safety net.

In Who Cares: The Social Safety Net in America (Oxford UP, 2022), Christopher Howard offers the first comprehensive map of the US social safety net. He chronicles how different parts of American society talk about poverty-related needs. And he shows what Americans do to provide basic levels of income, food, housing, medical care, and daily care. Although the US social safety net is extensive, major gaps remain, particularly impacting Blacks, Hispanics, and individuals who are not employed full-time. Drawing heavily upon evidence from the years right before the COVID-19 pandemic, Howard demonstrates that these problems persist even when the economy seems healthy. Who Cares concludes with an initial assessment of how the social safety net performed during the pandemic.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Vivek Chibber, "Confronting Capitalism: How the World Works and How to Change It" (Verso, 2022) Nov 03, 2022

Why is our society so unequal? Why, despite their small numbers, do the rich dominate policy and politics even in democratic countries? Why is it so difficult for working people to organize around common interests? How do we begin to build a more equal and democratic society?

In Confronting Capitalism: How the World Works and How to Change It (Verso, 2022), Vivek Chibber provides a clear and accessible map of how capitalism works, how it limits the power of working and oppressed people, and how to overcome those limits. The capitalist economy generates incredible wealth but also injustice. Those who own the factories, hotels, and farms always have an advantage over the people who rely on that ownership class for their livelihoods. This inequality in power and income is reflected in the operation of the state, where capitalists are able to exert their will even under relatively democratic conditions. The most important reason is that states depend on the employment and profits from capitalist enterprise for both finances and legitimacy. Every meaningful victory for working people has been won through collective struggle but collective action is very difficult to coordinate. In the final section of the book, Chibber walks the reader through some of the historical attempts to build socialism and presents a vision of how we might, perhaps against the odds, build a socialist future.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel. Twitter.

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Bruce G. Carruthers, "The Economy of Promises: Trust, Power, and Credit in America" (Princeton UP, 2022) Nov 02, 2022

A comprehensive and illuminating account of the history of credit in America, The Economy of Promises: Trust, Power & Credit in America (Princeton UP, 2022) by Northwestern University Professor Bruce Carruthers is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitched together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending and economic activity on a much greater scale possible. It discusses how lending is shaped by the shadow of failure, and the possibility that borrowers will break their promises and fail to repay their debts. It reveals how credit markets have been shaped by public policy, regulatory changes, and various political factors. Bringing to life the complicated and abstract terrain of human interaction we call the economy, The Economy of Promises is an important study of the tangle of indebtedness that, for better or worse, shapes and defines American lives.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here.

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Ashley Sweetman, "Cyber and the City: Securing London’s Banks in the Computer Age" (Springer, 2022) Nov 01, 2022

Dr.Ashley Sweetman works in cyber security for a London-based global bank and holds a PhD from the Department of War Studies at King’s College London. While studying for his PhD he spent a short time as Researcher-in-Residence at No. 10 Downing Street while working for The Strand Group in the Policy Institute at King's. Before this, Ashley studied History at Queen Mary, University of London. Ashley is a proud Welshman and was brought up in Neath, South Wales. He currently lives in North London.

In his first book Cyber and the City: Securing London's Banks in the Computer Age(Springer, 2022), Sweetman provides evidence that cyber security is a long-lived phenomenon. Banks started to worry about it early in the adoption of computers in the late 1950s. The UK has a particular feature where banks rapidly agree on the measures to be taken, making the overall system more resilient.

Sweetman uses a wealth of archival material and introduces de concepts of proportionality and the confidentiality-integrity-availability triumvirate to explain and interconnect the evolution and articulation of security in bank networks.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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The Future of Money Laundering: A Discussion with Oliver Bullough Nov 01, 2022

How can you hide and spend billions of dollars? Many people hoping to do that go to London which is today considered the money laundering capital of the world. It’s the place where the world’s most corrupt individuals can park their money safely. How does that work? Where else does it happen and can anything be done about it? Owen Bennett Jones discusses the business of cleaning up dirty money with a journalist and author who has covered kleptocrats and their ill gotten gains for years, Oliver Bullough. He is the author of Butler to the World: How Britain Helps the World's Worst People Launder Money, Commit Crimes, and Get Away with Anything (St. Martin's Press, 2022).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Max H. Bazerman, "Complicit: How We Enable the Unethical and How to Stop" (Princeton UP, 2022) Nov 01, 2022

It is easy to condemn obvious wrongdoers such as Elizabeth Holmes, Adam Neumann, Harvey Weinstein, and the Sackler family. But we rarely think about the many people who supported their unethical or criminal behavior. In each case there was a supporting cast of complicitors: business partners, employees, investors, news organizations, and others. And, whether we're aware of it or not, almost all of us have been complicit in the unethical behavior of others. In Complicit: How We Enable the Unethical and How to Stop (Princeton UP, 2022), Harvard Business School professor Max Bazerman confronts our complicity head-on and offers strategies for recognizing and avoiding the psychological and other traps that lead us to ignore, condone, or actively support wrongdoing in our businesses, organizations, communities, politics, and more.

Complicit tells compelling stories of those who enabled the Theranos and WeWork scandals, the opioid crisis, the sexual abuse that led to the #MeToo movement, and the January 6th U.S. Capitol attack. The book describes seven different behavioral profiles that can lead to complicity in wrongdoing, ranging from true partners to those who unknowingly benefit from systemic privilege, including white privilege, and it tells the story of Bazerman's own brushes with complicity. Complicit also offers concrete and detailed solutions, describing how individuals, leaders, and organizations can more effectively prevent complicity.

By challenging the notion that a few bad apples are responsible for society's ills, Complicit implicates us all--and offers a path to creating a more ethical world.

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Brian A. Wong, "The Tao of Alibaba: Inside the Chinese Digital Giant That Is Changing the World" (PublicAffairs, 2022) Nov 01, 2022

This podcast features Brian A. Wong, discussing his new book, The Tao of Alibaba: Inside the Chinese Digital Giant That is Changing the World (Public Affairs, 2022). Brian joined Alibaba early, as its 52nd employee and first American employee, and worked for them for nearly twenty years. His book provides both insider insights and an analytical perspective on how Alibaba grew to become one of the most important companies in the global digital economy. This well-written and engaging book explains Alibaba’s unique organizational culture and how the Alibaba platform has helped spread economic opportunity beyond the elites in China’s big cities to the broader world of small and medium businesses throughout the country.

Brian Wong’s Radii China is an independent media platform founded in 2017 dedicated to bridging the East and West by highlighting topics and issues that connect the world’s young, globally-minded citizens. Listeners interested in the development of the US-China relationship are encouraged to participate in the NCUSCR’s CHINA Town Hall, on November 17th, featuring a national webcast by former Ambassador Jon Huntsman Jr. Local partner events around the US, including one at the University of San Francisco, provide opportunities to discuss the topic further in person with other community members and local experts on China. In the interview, we also discuss Benjamin Ho’s book Why Trust Matters, featured on this show last year.

Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His research focus is the political economy of governance in China and he is a member of the National Committee on US-China Relations (NCUSCR) and USF’s new Center on Business Studies and Innovation in the Asia-Pacific.

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Tom Haines-Doran, "Derailed: How to Fix Britain's Broken Railways" (Manchester UP, 2022) Oct 31, 2022

Why don't trains run on time? Why are fares so expensive? Why are there so many strikes?

Few would disagree that Britain's railways are broken, and have been for a long time.

In Derailed: How to Fix Britain's Broken Railways (Manchester University Press, 2022), Dr. Tom Haines-Doran provides an insightful new book that calls for a radical rethink of how we view the railways, and explains the problems we face and how to fix them. Dr. Haines-Doran argues that the railways should be seen as a social good and an indispensable feature of the national economy. With passengers and railway workers holding governments to account, we could then move past the incessant debates on whether our railways are an unavoidably loss-making business failure. An alternative vision is both possible and affordable, enabling the railways to play an instrumental role in decreasing social inequalities, strengthening the economy and supporting a transition to a sustainable future.

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

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Daniel D. Garcia-Swartz and Martin Campbell-Kelly, "Cellular: An Economic and Business History of the International Mobile-Phone Industry" (MIT Press, 2022) Oct 28, 2022

In this episode, we discuss a book that will be appealing to a general audience and which helps to bridge the gap of the story of communication in the broad history of computer technology. In Cellular: An Economic and Business History of the International Mobile-Phone Industry(MIT Press, 2022), Daniel D. Garcia-Swartz and Martin Campbell-Kelly make a splendid job to portray the evolution of this industry from the times of Marconi all the way to 5G networks, while considering developments in places as diverse as China, Mexico, New Zealand and of course, Europe, Japan and the USA.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Matthias Bernt, "The Commodification Gap: Gentrification and Public Policy in London, Berlin and St. Petersburg" (Wiley, 2022) Oct 28, 2022

The Commodification Gap: Gentrification and Public Policy in London, Berlin and St. Petersburg (Wiley, 2022) provides an insightful institutionalist perspective on the field of gentrification studies. The book explores the relationship between the operation of gentrification and the institutions underpinning - but also influencing and restricting - it in three neighborhoods in London, Berlin and St. Petersburg. Matthias Bernt demonstrates how different institutional arrangements have resulted in the facilitation, deceleration or alteration of gentrification across time and place. The book is based on empirical studies conducted in Great Britain, Germany and Russia and contains one of the first-ever English language discussions of gentrification in Germany and Russia. It begins with an examination of the limits of the widely established “rent-gap” theory and proposes the novel concept of the “commodification gap.” It then moves on to explore how different institutional contexts in the UK, Germany and Russia have framed the conditions for these gaps to enable gentrification. The Commodification Gap is an indispensable resource for researchers and academics studying human geography, housing studies, urban sociology and spatial planning.

Anna Zhelnina holds a Ph.D. in Sociology and is a postdoctoral fellow at the University of Helsinki. To learn more, visit her website or follow Anna on Twitter.

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Dan Immergluck, "Red Hot City: Housing, Race, and Exclusion in Twenty-First-Century Atlanta" (U California Press, 2022) Oct 25, 2022

Atlanta, the capital of the American South, is at the red-hot core of expansion, inequality, and political relevance. In recent decades, central Atlanta has experienced heavily racialized gentrification while the suburbs have become more diverse, with many affluent suburbs trying to push back against this diversity. Exploring the city’s past and future, Red Hot City: Housing, Race, and Exclusion in Twenty-First-Century Atlanta(U California Press, 2022) tracks these racial and economic shifts and the politics and policies that produced them.

Dan Immergluck documents the trends that are inverting Atlanta’s late-twentieth-century “poor-in-the-core” urban model. New emphasis on capital-driven growth has excluded low-income people and families of color from the city’s center, pushing them to distant suburbs far from mass transit, large public hospitals, and other essential services. Revealing critical lessons for leaders, activists, and residents in cities around the world, Immergluck considers how planners and policymakers can reverse recent trends to create more socially equitable cities.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. He is the author of Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington, 2022). His general area of study is on media representations of people and place at festivals and celebrations. He is currently working on his next book where he conducted research on an annual canoeing and kayaking event that takes place on the Upper Mississippi River. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Agha Bayramov, "Constructive Competition in the Caspian Sea Region" (Routledge, 2022) Oct 20, 2022

The Caspian Sea region has hitherto largely been investigated from a New Great Game' perspective that depicts the region as a geopolitical battleground between regional and external great powers, where tensions have been exacerbated by the sea's rich natural resources, strategic location, and legal disagreements over its status.

Agha Bayramov,'s book Constructive Competition in the Caspian Sea Region(Routledge, 2022), by contrast, portrays a new image of the region, which still acknowledges the difficulties and problematic starting situation of power politics there. It, however, seeks to show that there are ways forward by identifying mechanisms and means to transform the New Great Game' into processes of functional co-operation. Drawing on theoretical insights from a functionalist framework, this book examines three intertwined case studies, namely the Baku-Tbilisi-Ceyhan pipeline (BTC), the Southern Gas Corridor (SGC), and the Caspian Environmental Program (CEP). It shows that lessons learned from environmental co-operation have influenced the discussion over the uncertain legal status of the sea, which culminated in the signing in 2018 of the Convention on the legal status of the Caspian Sea. This book analyzes the three phases of the BTC and the SGC projects: the planning of the pipeline, its construction, and its use, none of which have been adequately addressed yet. This book illustrates the increasing role of actors beyond and besides the states in the Caspian Sea region, such as transnational corporations, non-governmental organizations, and intergovernment organizations.

Luca Anceschi is Professor of Eurasian Studies at the University of Glasgow, where he also edits Europe-Asia Studies.

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Paul Daugherty and H. James Wilson, "Radically Human: How New Technology Is Transforming Business and Shaping Our Future" (HBR Press, 2022) Oct 20, 2022

Today I talked to Jim Wilson about his book (co-authored with Paul Daugherty) Radically Human: How New Technology Is Transforming Business and Shaping Our Future (HBR Press, 2022).

Technology has evolved from device intelligence to data intelligence (big data) to now the new stage of a more human-centric approach where the user/worker’s needs, wants and biases are being taken into account to make technology easier to deploy and more of an equal partner. That’s the progression Jim Wilson champions in this book and on-air conversation. Covid-19 ushered in not only a host of human behavior changes, e.g., hybrid work arrangements and the Great Resignation, the pandemic also spurred the Great Acceleration as companies rushed to adopt technology that will transform their business practices. How to do so in a way that will democratize technology, empowering employees and rewarding customers along the way, is the challenge that Wilson addresses here. After all, technology innovations that don’t also safeguard and enhance trust will instead create “algorithm aversion,” and undercut the promise of how technology can benefit companies, societies and individuals alike.

Jim Wilson is the Managing Director of Thought Leadership & Technology Research at Accenture Research. Jim speaks to business audiences worldwide, is a long-time contributor to the Harvard Business Review and has been cited as one of the top 50 Business Innovators by CODEX.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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On Adam Smith's "The Wealth of Nations" Oct 19, 2022

In 1776, Adam Smith published The Wealth of Nations, an investigation into the nature of wealth. Smith is now considered the Father of Capitalism or the Father of Modern Economics. In fact, many people think of him as an economist and only an economist, but scholars tend to think of him as a moral philosopher. Smith lived in an era of great change, and the moral questions of the time were closely linked to developing politics and economies. Glory Liu is a College Fellow in Social Studies at Harvard University. She is currently working on an intellectual history of Adam Smith’s reception in American politics and political economy from the eighteenth century to the present. See more information on our website, WritLarge.fm. Follow us on Twitter @WritLargePod.

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Kimberly Kay Hoang, "Spiderweb Capitalism: How Global Elites Exploit Frontier Markets" (Princeton UP, 2022) Oct 17, 2022

In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism: How Global Elites Exploit Frontier Markets(Princeton UP, 2022) takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.

Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.

Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.

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Jakob Feinig, "Moral Economies of Money: Politics and the Monetary Constitution of Society" (Stanford UP, 2022) Oct 17, 2022

In this podcast Jakob Feinig introduces his ideas about how and when people's practices and institutions shape money and money creation. He provided deep insight into historical episodes to support his view. Towards the end, he comments on the challenges of digital currencies. Feinig is the author of Moral Economies of Money: Politics and the Monetary Constitution of Society (Stanford UP, 2022).

Ideas discussed in the podcast that you might want to pursue further or clarify: Chartalism and Modern Monetary Theory. Here are some thinkers who explore similar ideas: Rohan Grey, Geoffrey Ingham, Lana Swartz, E. P. Thompson and Viviana Zelizer.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo.

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Scott Moore, "China's Next Act: How Sustainability and Technology Are Reshaping China's Rise and the World's Future" (Oxford UP, 2022) Oct 13, 2022

“We’ll compete with confidence; we’ll cooperate wherever we can; we’ll contest where we must.” That’s the new China strategy as outlined by U.S. Secretary of State Antony Blinken earlier this year. But just exactly how countries should deal with China—including working with it, when the times call for it—is perhaps the thorniest question in international relations right now, at least in the West.

Scott Moore gives his framework on the U.S. and China in China's Next Act: How Sustainability and Technology are Reshaping China's Rise and the World's Future (Oxford University Press, 2022). With reference to issues like public health, A.I and biotechnology, he gives his views on how the U.S. should approach China–cooperation, competition or conflict.

In this interview, Scott and I talk about the U.S.-China relationship, how it’s changed–and how U.S.-China competition could, under the right circumstances, still lead to global progress.

Scott M. Moore is Director of China Programs and Strategic Initiatives in the Office of the Provost as well as a Lecturer in Political Science at the University of Pennsylvania. Moore was previously a Young Professional with the World Bank Group and served as Environment, Science, Technology, and Health Officer for China at the U.S. Department of State. He is also the author of Subnational Hydropolitics: Conflict, Cooperation, and Institution-Building in Shared River Basins (Oxford University Press: 2018). You can follow Scott on Twitter at @water_futures.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of China’s Next Act. Follow on Twitter at @BookReviewsAsia.

Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at@nickrigordon.

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Margarita Fajardo, "The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era" (Harvard UP, 2021) Oct 07, 2022

The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era (Harvard University Press, 2022) tells the story of how a group of intellectuals and policymakers transformed development economics and gave Latin America a new position in the world. Making an innovative and provocative intervention across the fields of global history, Latin American history, and economic thought, Margarita Fajardo reconstructs the origins of the UN Economic Commission for Latin America, or CEPAL. Cepalinos challenged the orthodoxies of development theory and policy, outpacing the United States and the International Monetary Fund as the agenda setters for a region traditionally held under the orbit of Washington and its institutions. Their story interlocks with the emergence of dependency theory in Latin America, whose diverse history Fajardo recasts in pioneering fashion.

Piotr H. Kosicki is Associate Professor of History at the University of Maryland, College Park. He is the author of Catholics on the Barricades (Yale, 2018) and editor, among others, of Political Exile in the Global Twentieth Century (with Wolfram Kaiser).

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Edward Chancellor, "The Price of Time: The Real Story of Interest" (Atlantic Monthly Press, 2022) Oct 06, 2022

Edward Chancellor's just published history of interest rates could not be better timed. As the world adjusts to rising rates after decades of falling ones, Chancellor's historical and sometimes polemical account of rates kept too low for too long seems all too prescient. Chancellor's The Price of Time: The Real Story of Interest(Atlantic Monthly Press, 2022) is a surprisingly relevant and accessible tool, not only investors but also everyone touched by interest rates. That's all of us.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here.

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James Bessen, "The New Goliaths: How Corporations Use Software to Dominate Industries, Kill Innovation, and Undermine Regulation" (Yale UP, 2022) Sep 29, 2022

In The New Goliaths: How Corporations Use Software to Dominate Industries, Kill Innovation, and Undermine Regulation (Yale UP, 2022), James Bessen explores the idea of how software can actually slow innovation. He makes the case that big companies in one industry after another have built "complex" software systems for managing their sales, marketing, operations and product offerings that are essentially moats against competitors. This mastery of software by major corporations, he argues, helps explain the "myth of disruptive innovation", rising economic concentration, increasing inequality and slowing innovation.

James Bessen, an economist and technologist, serves as Executive Director of the Technology & Policy Research Initiative at Boston University School of Law. He has also been a successful innovator and CEO of a software company. His profile in the New York Times is here.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Alex Williams and Jeremy Gilbert, "Hegemony Now: How Big Tech and Wall Street Won the World (And How We Win it Back)" (Verso, 2022) Sep 29, 2022

Today power is in the hands of Wall Street and Silicon Valley. How do we understand this transformation in power? And what can we do about it?

We cannot change anything until we have a better understanding of how power works, who holds it, and why that matters. Through upgrading the concept of hegemony—understanding the importance of passive consent; the complexity of political interests; and the structural force of technology—Jeremy Gilbert and Alex Williams offer us an updated theory of power for the twenty-first century.

Alex Williams and Jeremy Gilbert book Hegemony Now: How Big Tech and Wall Street Won the World (And How We Win it Back) (Verso, 2022) explores how these forces came to control our world. The authors show how they have shaped the direction of politics and government as well as the neoliberal economy to benefit their own interests. However, this dominance is under threat. Following the 2008 financial crisis, a new order emerged in which the digital platform is the central new technology of both production and power. This offers new opportunities for counter hegemonic strategies to win back power. Hegemony Now outlines a dynamic socialist strategy for the twenty-first century.

Louisa Hann recently attained a PhD in English and American studies from the University of Manchester, specialising in the political economy of HIV/AIDS theatres. She has published work on the memorialisation of HIV/AIDS on the contemporary stage and the use of documentary theatre as a neoliberal harm reduction tool. She is currently working on a monograph based on her doctoral thesis. You can get in touch with her at louisahann92@gmail.com.

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Alex Williams and Jeremy Gilbert, "Hegemony Now: How Big Tech and Wall Street Won the World (And How We Win it Back)" (Verso, 2022) Sep 29, 2022

Today power is in the hands of Wall Street and Silicon Valley. How do we understand this transformation in power? And what can we do about it?

We cannot change anything until we have a better understanding of how power works, who holds it, and why that matters. Through upgrading the concept of hegemony—understanding the importance of passive consent; the complexity of political interests; and the structural force of technology—Jeremy Gilbert and Alex Williams offer us an updated theory of power for the twenty-first century.

Alex Williams and Jeremy Gilbert book Hegemony Now: How Big Tech and Wall Street Won the World (And How We Win it Back) (Verso, 2022) explores how these forces came to control our world. The authors show how they have shaped the direction of politics and government as well as the neoliberal economy to benefit their own interests. However, this dominance is under threat. Following the 2008 financial crisis, a new order emerged in which the digital platform is the central new technology of both production and power. This offers new opportunities for counter hegemonic strategies to win back power. Hegemony Now outlines a dynamic socialist strategy for the twenty-first century.

Louisa Hann recently attained a PhD in English and American studies from the University of Manchester, specialising in the political economy of HIV/AIDS theatres. She has published work on the memorialisation of HIV/AIDS on the contemporary stage and the use of documentary theatre as a neoliberal harm reduction tool. She is currently working on a monograph based on her doctoral thesis. You can get in touch with her at louisahann92@gmail.com.

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David P. Thomas and Veldon Coburn, "Capitalism and Dispossession: Corporate Canada at Home and Abroad" (Fernwood, 2021) Sep 28, 2022

Many Canadians think of their country as a paragon of liberal democratic values at home, and a moderating force on the world stage—not so, argues the compelling new edited collection from Fernwood Publishing, Capitalism and Dispossession: Corporate Canada at Home and Abroad. In this conversation with co-editors, Dr. David P Thomas and Dr. Veldon Coburn, we discuss the book’s numerous case studies of how the Canadian state, and the corporate actors to which it delegates authority, are central actors within a system of global capitalism that is premised on processes of accumulation by dispossession in order to reproduce itself.

Phil Henderson is a SSHRC Postdoctoral Research Fellow at Carleton University’s Institute of Political Economy where his research interests focus on the interrelations between Indigenous land/water defenders and organized labour in what’s presently known as Canada. More information can be found at his personal website.

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Tripp Mickle, "After Steve: How Apple Became a Trillion-Dollar Company and Lost Its Soul" (William Morrow, 2022)) Sep 28, 2022

Steve Jobs called Jony Ive his "spiritual partner at Apple." The London-born genius was the second-most powerful person at Apple and the creative force who most embodies Jobs's spirit, the man who designed the products adopted by hundreds of millions the world over: the iPod, iPad, MacBook Air, the iMac G3, and the iPhone. In the wake of his close collaborator's death, the chief designer wrestled with grief and initially threw himself into his work designing the new Apple headquarters and the Watch before losing his motivation in a company increasingly devoted more to margins than to inspiration.

In many ways, Cook was Ive's opposite. The product of a small Alabama town, he had risen through the ranks from the supply side of the company. His gift was not the creation of new products. Instead, he had invented countless ways to maximize a margin, squeezing some suppliers, persuading others to build factories the size of cities to churn out more units. He considered inventory evil. He knew how to make subordinates sweat with withering questions.

Jobs selected Cook as his successor, and Cook oversaw a period of tremendous revenue growth that has lifted Apple's valuation to $2 trillion. He built a commanding business in China and rapidly distinguished himself as a master politician who could forge global alliances and send the world's stock market into freefall with a single sentence.

Author Tripp Mickle spoke with more than 200 current and former Apple executives, as well as figures key to this period of Apple's history, including Trump administration officials and fashion luminaries such as Anna Wintour while writing After Steve: How Apple Became a Trillion-Dollar Company and Lost Its Soul (William Morrow, 2022). His research shows the company's success came at a cost. Apple lost its innovative spirit and has not designed a new category of device in years. Ive's departure in 2019 marked a culmination in Apple's shift from a company of innovation to one of operational excellence, and the price is a company that has lost its soul.

Tripp Mickle is a technology and corporate reporter for the Wall Street Journal.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Samo Tomšič, "The Labour of Enjoyment: Towards a Critique of Libidinal Economy" (Walther Konig Verlag, 2019) Sep 27, 2022

Enjoyment appears as purely private matter, but this is by far not the case. Ever since Aristotle the philosophical social critique is tormented by the question, whether the libidinal tendencies of human subjects allow the construction of a just political-economic order. It seemed at first that in modernity this problem had been overcome. Economic liberalism and utilitarianism argued that egoistic private interests and social justice were directly linked and that capitalism united libidinal and political economy in the best possible manner. But the political-economic panorama soon turned out significantly more complex and contradictory. Tomšič’s book The Labour of Enjoyment: Towards a Critique of Libidinal Economy (Walther Konig Verlag, 2020) recalls central Marxian and Freudian insights and circumscribes the political stakes of psychoanalysis under the general banner of a Critique of Libidinal Economy.

Samo Tomšič is interim professor of philosophy in Hamburg at the University of Fine Arts.

Reuben Niewenhuis is interested in philosophy, theory, technology, and interdisciplinary topics. Subscribe to his interviews here.

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Juan Pablo Pardo-Guerra, "The Quantified Scholar: How Research Evaluations Transformed the British Social Sciences" (Columbia UP, 2022) Sep 26, 2022

How do metrics and quantification shape social science? In The Quantified Scholar: How Research Evaluations Transformed the British Social Sciences (Columbia UP, 2022), Juan Pablo Pardo-Guerra, an Associate Professor in sociology at the University of California, San Diego, explores this question using a case study of British academia. The book combines a rich array of quantitative and qualitative analysis, demonstrating the transformation of working conditions, institutional contexts, and research areas since the introduction of a metrics and quantification regime during the 1980s. Highlighting the complexity and ambivalences of metrics and quantification, as well as the uneven distribution of positive and negative impacts, the book offers essential reading for every academic, irrespective of the nation or institution in which they work. It also will be important for those seeing to better understand the role of metrics and markets in contemporary life.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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NBN Classic: John Komlos, "Foundations of Real-World Economics: What Every Economics Student Needs to Know" (Routledge, 2019) Sep 25, 2022

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time.

I met with John Komlos, an American economic historian of Hungarian descent and former holder of the Chair of Economic History at the University of Munich. We spoke about his latest book, Foundations of Real-World Economics: What Every Economics Student Needs to Know (Routledge, 2019). This is a very original textbook, a good answer to the call from the Rethinking Economics movement to revise our economics textbooks and programmes.

Komlos argues that the 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake ‘have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization.’

His book demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. ‘The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand.’

This book offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics.

It is a very original book, in the ambition, in the way it is written, even in its evocative chapter titles and in the unusual tables, carts, diagrams and pictures. I hope you will enjoy the podcast and the book itself.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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NBN Classic: Andrea Micocci and Flavia Di Mario, "The Fascist Nature of Neoliberalism" (Routledge, 2017) Sep 25, 2022

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time.

Today I spoke with Flavia di Mario, a young scholar of political economy and industrial relations. She coauthored a very provocative book with Andrea Micocci, The Fascist Nature of Neoliberalism (Routledge, 2017). Flavia is doctoral student at London Middlesex University, Andrea Micocci was professor of Economics at Link University, Rome, Italy.

In their words, they claim that capitalism is based on a false logic in which all facts and ideas are reduced to a consideration of their ‘feasibility’ within the capitalist system. Thus, all mainstream economic and political theories, including those such as Marxism which are supposed to offer an alternative vision, have been stunted and utopian ideas are completely side-lined. "In order to constantly work out the feasible, you have to hang on to pseudo-factual concepts: nationalism; a constant drive for efficiency; the idea of nation/state; corporatism; managed markets; business ethics; governance etc. Capitalism is reduced to the management of the economy by states that fight each other and marvel at the independence of finance. All this, the book argues, is akin, intellectually, economically, politically, and unfortunately individually, to fascism."

We started our conversation with a 1925 quote from Benito Mussolini. In his inaugural speech as prime minister, he argues for the importance of finance and budget stability. A good starting point to discuss the relationship between fascism and capitalism. We then moved on to neoliberalism.

The Fascist Nature of Neoliberalism offers a brief, provocative analysis of this issue with special reference to the most visible executioners of its will: the managerial class. "This group simply happens to hold power, and hence visibility, but they do what everybody else does, and would do, all the time. This is because capitalism is an intellectual outlook that thoroughly directs individual actions through fascist and non-fascist repression."

The book argues that the only way to escape capitalism is to recover individual intellectual and sentimental emancipation from capitalism itself in order to produce radical solutions. A very interesting book that many might find worth reading: those who study and are interested in political economy, economic theory and philosophy, as well as fascism and neoliberalism.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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NBN Classic: Peter J. Boettke, "F. A. Hayek: Economics, Political Economy and Social Philosophy" (Palgrave Macmillan, 2018) Sep 24, 2022

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time.

Today I spoke with professor Peter J. Boettke the author of a great new book on Friedrich August von Hayek. Dr. Boettke is University Professor of Economics and Philosophy, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at George Mason University, USA.

F. A. Hayek: Economics, Political Economy and Social Philosophy (Palgrave Macmillan, 2018) explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Professor Boettke correctly argues that: ‘There is certainly little doubt that Hayek was among the most prodigious classical liberal scholars of the twentieth century. Though his 1974 Nobel Prize was in Economic Science, his scholarly endeavors extended well beyond economics.'

Peter argued that his political influence (Thatcher, Reagan...) is overemphasized because '...his relationships with those in political power was remote at best as Hayek was never a political consultant to any leader in power; he was always a critical scholar who tried to speak truth to power from the outside.'

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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NBN Classic: Adem Yavuz Elveren, "The Economics of Military Spending: A Marxist Perspective" (Routledge, 2019) Sep 24, 2022

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time.

I spoke with Dr Adem Yavuz Elveren about his book on the economics of military spending; this is a very original theoretical and empirical contribution

Adem Yavuz Elveren is Associate Professor at Fitchburg State University, U.S.A. His research focuses on gender and social security and the effect of military spending on the economy. The Economics of Military Spending offers a comprehensive analysis of the effect of military expenditures on the economy. It is the first book to provide both a theoretical and an empirical investigation of how military spending affects the profit rate, a key indicator of the health of a capitalist economy.

We discussed the origin of the book and its main contribution. I asked the author to define what is the economic effect of military spending and how does it compare today with the past? We then reviewed what economic theory says about military spending. We then focused on military Keynesianism. I asked the author to explain the notion of military-industrial complex; what economists and politicians think about it. We then moved to what does a Marxist perspective add to the study of military spending. We concluded our conversation focusing on the empirical analysis on the nexus of military spending and profit rate.

The book presents a general discussion on the economic models of the nexus of military spending and economic growth, as well as military Keynesianism and the military-industrial complex. Including an account of the Marxist crisis theories, it focuses on military spending as a counteracting factor to the tendency of rate of profit to fall. Using a range of econometric methods and adopting a Marxist perspective, this book provides comprehensive evidence on the effects of military spending on the rate of profit for more than thirty countries. The findings of the book shed light on the complex linkages between military spending and the profit rate by considering the role of countries in the arms trade.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Yuen Yuen Ang, "China's Gilded Age: The Paradox of Economic Boom and Vast Corruption" (Cambridge UP, 2020) Sep 23, 2022

Today I talked to Yuen Yuen Ang, a Professor of political science and China expert at the University of Michigan. We spoke already in summer 2019 to discuss her previous book: How China Escaped the Poverty Trap. In that book she anticipated the theme of this book: corruption. She explains that 'contrary to conventional wisdom, rich nations became rich by first eliminating corruption, the real history is that corruption was never eliminated, it changes in form and structure as an economy becomes richer.' We started our conversation with a definition of corruption and her typologies: petty theft, grand theft, speed money, access money.

The argument in China's Gilded Age: The Paradox of Economic Boom and Vast Corruption (Cambridge University Press, 2020) has been widely taken out of context, as ‘corruption is good for growth’. I asked Yuen to clarify. She believes that not all types of corruption carry the same harm and have the same impact on growth. She explained this with the analogy of types of drugs.

Corruption is a complex phenomenon. She argues that we fail to understand it when we adopt one-dimensional measures. Some countries appear free of corruption but instead they are just characterized by more sophisticated forms of corruption. Yuen gave us a short outlook on the state of research in the field of corruption and her contribution.

The book, 150 pages organized in seven chapters, is rich of tables and pictures. Yuen created a database with hundreds of party leaders and bureaucrats, and their fate. We learn about tigers and flies, in the terminology of Xi’s campaign against corruption.

In your previous book, she described the strange case of China’s meritocracy. Despite absence of democracy and freedom of press, since Deng, in most cases, the Chinese Communist Party has been selecting a good ruling elite. Overall, the promotion of local cadres and their careers from village level to Zhongnanhai has been based on their ability to meet objective, measurable targets. To some extent, corruption is the opposite of the ideal of meritocracy. I have asked what is the interplay between the two in China.

In the section Chinese Bureaucracy 101, Yuen argues that we commonly use public administration theories that are based on ahistorical and wester-centred principles. This is not helpful to understand China she concludes.

The book ends with conclusions in the form of five questions. In fact, the very end is a final, timely, note on the risk of a new cold war between the USA and China. Yuen argues that stereotypes and misunderstandings are dangerously fueling commercial and political confrontation. Her study on corruption, and the parallel between China’s and the American Gilded age, is an example of how perhaps China is not that exceptional, exotic and hence dangerous to us.

This is a great new book that contributes to the study of corruption in two ways: with a methodological innovation and with a comparative historical analysis. It is a must have for the libraries of economists, sociologists, political scientists and much more. It is also accessible to non specialists and a pleasure to read.

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Jamie Martin, "The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance" (Harvard UP, 2022) Sep 21, 2022

The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance (Harvard University Press, 2022) presents a pioneering history that traces the origins of global economic governance—and the political conflicts it generates—to the aftermath of World War I.

International economic institutions like the International Monetary Fund and World Bank exert incredible influence over the domestic policies of many states. These institutions date from the end of World War II and amassed power during the neoliberal era of the late twentieth century. But as Jamie Martin shows, if we want to understand their deeper origins and the ideas and dynamics that shaped their controversial powers, we must turn back to the explosive political struggles that attended the birth of global economic governance in the early twentieth century.

In The Meddlers, Dr. Jamie Martin tells the story of the first international institutions to govern the world economy, including the League of Nations and Bank for International Settlements, created after World War I. These institutions endowed civil servants, bankers, and colonial authorities from Europe and the United States with extraordinary powers: to enforce austerity, coordinate the policies of independent central banks, oversee development programs, and regulate commodity prices. In a highly unequal world, they faced a new political challenge: was it possible to reach into sovereign states and empires to intervene in domestic economic policies without generating a backlash?

Dr. Martin follows the intense political conflicts provoked by the earliest international efforts to govern capitalism—from Weimar Germany to the Balkans, Nationalist China to colonial Malaya, and the Chilean desert to Wall Street. The Meddlers shows how the fraught problems of sovereignty and democracy posed by institutions like the IMF are not unique to late twentieth-century globalization, but instead first emerged during an earlier period of imperial competition, world war, and economic crisis.

Jamie Martin is Assistant Professor of History and of Social Studies at Harvard University.

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

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Kenneth H. Kolb, "Retail Inequality: Reframing the Food Desert Debate" (U California Press, 2021) Sep 20, 2022

Retail Inequality: Reframing the Food Desert Debate(U California Press, 2021) examines the failure of recent efforts to improve Americans' diets by increasing access to healthy food. Based on exhaustive research, this book by Kenneth H. Kolb documents the struggles of two Black neighborhoods in Greenville, South Carolina. For decades, outsiders ignored residents' complaints about the unsavory retail options on their side of town—until the well-intentioned but flawed "food desert" concept took hold in popular discourse. Soon after, new allies arrived to help, believing that grocery stores and healthier options were the key to better health. These efforts, however, did not change neighborhood residents' food consumption practices. Retail Inequality explains why and also outlines the history of deindustrialization, urban public policy, and racism that are the cause of unequal access to food today. Kolb identifies retail inequality as the crucial concept to understanding today’s debates over gentrification and community development. As this book makes clear, the battle over food deserts was never about food—it was about equality.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Philip Lymbery, "Sixty Harvests Left: How to Reach a Nature-Friendly Future" (Bloombury, 2022) Sep 19, 2022

From the United Kingdom to Italy, from Brazil to the Gambia to the USA, Philip Lymbery, the internationally acclaimed author of Farmageddon, goes behind the scenes of industrial farming and confronts 'Big Agriculture', where mega-farms, chemicals and animal cages are sweeping the countryside and jeopardising the air we breathe, the water we drink, the food we eat and the nature that we treasure.

In his investigations, however, he also finds hope in the pioneers who are battling to bring landscapes back to life, who are rethinking farming methods, rediscovering traditional techniques and developing technologies to feed an ever-expanding global population.

Impassioned, balanced and persuasive, Sixty Harvests Left: How to Reach a Nature-Friendly Future (Bloomsbury, 2022) not only demonstrates why future harvests matter more than ever, but reveals how we can restore our planet for a nature-friendly future.

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

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Josh Chin and Liza Lin, "Surveillance State: Inside China's Quest to Launch a New Era of Social Control" (St. Martin's Press, 2022) Sep 09, 2022

As we build the AI-powered digital economy, how far do we want to go? Surveillance State: Inside China's Quest to Launch a New Era of Social Control (St. Martin's Press, 2022) explores how China’s Communist Party is harnessing new technologies in an effort to achieve an unprecedented level of social control. The authors outline the most brutal and extreme applications of these technologies to the Uighur people of western China. They contrast this with the relatively benign-seeming applications to traffic control, crime, and public order in the prosperous Han Chinese heartland, where a little loss of privacy can feel like a small price to pay.

They also make clear that these developments are not isolated to China. They show how America faces similar tradeoffs between using the benefits these tools can bring for crime fighting and other goals, against the risks of losing privacy and potentially making our criminal justice system even less fair. They examine the role of US companies in selling crucial elements of the technology package to Chinese firms and government agencies and challenge their defense that they had no way of knowing how or where these technologies would be used. And they examine China’s export of surveillance technologies to other countries around the world.

This book is essential reading for anyone thinking about how the digitization of the economy and our lives can benefit us or be turned against us.

Authors Josh Chin and Liza Lin are award-winning journalists with the Wall Street Journal. The book grows out of years of reporting on these developments within China, as well as an extensive investigation into the roots of these trends and their connections around the world.

Host Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His research focus is the political economy of governance in China.

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Eric A. Posner, "How Antitrust Failed Workers" (Oxford UP, 2021) Sep 08, 2022

Today I talked to Eric Posner about his book How Antitrust Failed Workers (Oxford UP, 2021).

When anti-trust cases are brought forward, typically they involve monopolies exercising undue power in regards to products or services. Rarely do labor issues get the same treatment. Reasons vary from the previous power of unions, to the expense and risk of going to trial, to whether the potential for unfair, uncompetitive practices get scrutinized at all. Posner points in this episode to why the laws may need strengthening. Issues include stagnant wages, and the use and abuse of non-poaching, non-complete and arbitration clauses in the contracts that workers sign. Add in the practice of gig workers and rising inequality issues related to household wealth, and you can’t find a more timely topic than this one.

Eric Posner is a professor of Law at the University of Chicago. He’s currently on leave and working for the Anti-Trust Division of the U.S. Justice Department. (Note that his views do not necessarily reflect those of the Justice Department.) Two previous books by Posner were each separately chosen as a book of the year in 2018, one by The Economist and the other by The Financial Times.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Phillip B. Levine, "A Problem of Fit: How the Complexity of College Pricing Hurts Students—and Universities" (U Chicago Press, 2022) Sep 06, 2022

According to A Problem of Fit: How the Complexity of College Pricing Hurts Students—and Universities(U Chicago Press, 2022) a college education doesn't come with a sticker price and perhaps, he argues, it should. Millions of Americans miss out on the economic benefits of a college education because of concerns around the costs. Financial aid systems offer limited help and produce uneven distributions. In the United States today, the systems meant to improve access to education have in fact added a new layer of deterrence. In A Problem of Fit Levine examines the role of financial aid systems in facilitating (and discouraging) access to college. If markets require prices in order to function optimally, then the American higher-education system--rife as it is with hidden and variable costs--amounts to a market failure. It's a problem of price transparency, not just affordability. Ensuring that students understand exactly what college will cost, including financial aid, could lift the lid on not only college attendance for more people, but for greater representation across demographics and institutions. As he illustrates, our conversations around affordability and free tuition miss a larger truth: that the opacity of our current college-financing systems is a primary driver of inequities in education and society. A Problem of Fit offers a bold, trenchant new argument for an educational reform that is well within rea

Phillip B. Levine is the Katharine Coman and A. Barton Hepburn Professor of Economics at Wellesley College, a research associate of the National Bureau of Economic Research, and a nonresident fellow at the Brookings Institution. He is the author, coauthor, or coeditor of five books devoted to statistics, the analysis of social policy, and its effect on individual behavior.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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J. Bradford DeLong, "Slouching Towards Utopia: An Economic History of the Twentieth Century" (Basic Books, 2020) Sep 05, 2022

From one of the world's leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. But it was not so. When 1870-2010 ended, the world instead saw global warming; economic depression, uncertainty, and inequality; and broad rejection of the status quo.

Brad DeLong's Slouching Towards Utopia: An Economic History of the Twentieth Century (Basic Books, 2022) tells the story of how this unprecedented explosion of material wealth occurred, how it transformed the globe--and why it failed to deliver us to utopia. Of remarkable breadth and ambition, it uncovers the last century to have been less a march of progress than a slouch in the right direction.

Javier Mejia is a Postdoctoral Research Fellow at the Political Science Department at Stanford University.

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Justin Grimmer et al., "Text as Data: A New Framework for Machine Learning and the Social Sciences" (Princeton UP, 2022) Sep 05, 2022

From social media posts and text messages to digital government documents and archives, researchers are bombarded with a deluge of text reflecting the social world. This textual data gives unprecedented insights into fundamental questions in the social sciences, humanities, and industry. Meanwhile new machine learning tools are rapidly transforming the way science and business are conducted. Text as Data shows how to combine new sources of data, machine learning tools, and social science research design to develop and evaluate new insights.

Text as Data: A New Framework for Machine Learning and the Social Sciences(Princeton UP, 2022) is organized around the core tasks in research projects using text--representation, discovery, measurement, prediction, and causal inference. The authors offer a sequential, iterative, and inductive approach to research design. Each research task is presented complete with real-world applications, example methods, and a distinct style of task-focused research.

Bridging many divides--computer science and social science, the qualitative and the quantitative, and industry and academia--Text as Data is an ideal resource for anyone wanting to analyze large collections of text in an era when data is abundant and computation is cheap, but the enduring challenges of social science remain.

Overview of how to use text as data
Research design for a world of data deluge
Examples from across the social sciences and industry

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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On John Maynard Keynes’ "General Theory of Employment, Interest and Money" Sep 05, 2022

John Keynes’ book, General Theory of Employment, Interest and Money, was published in England at the tail end of the Great Depression. This text is responsible for a massive shift in economic theory. It challenged existing beliefs about supply and demand and introduced new ideas about the value of governmental intervention. Larry Summers is President Emeritus of Harvard University and a current professor of Economics in The Harvard Kennedy School of Government. He is also the former director of the National Economic Council in the Obama administration. See more information on our website, WritLarge.fm.

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Amy Edwards, "Are We Rich Yet?: The Rise of Mass Investment Culture in Contemporary Britain" (U California Press, 2022) Aug 31, 2022

In this podcast, Amy Edwards, author of Are We Rich Yet?: The Rise of Mass Investment Culture in Contemporary Britain (U California Press, 2022), provides a fascinating journey into her own research and how she built a picture of a key moment of the 20th century. As a result, she brings together different strands of work such as cultural, business, economic and financial history. The book and podcast will be of interest to anyone old enough to remember the 1980s or whose current life has been shaped by that decade.

References to other works discussed in the podcast:

Allon, Fiona. 2014. "The Feminisation of Finance", Australian Feminist Studies, 29:79, 12-30, DOI: 10.1080/08164649.2014.901279

Chatelain, Marcia. 2020. Franchise: The Golden Arches in Black America. Liverlight. NBN Interview by Amanda Joyce here.

Effosse, Sabine. 2021. “Financial Empowerment for Married Women in France.” Quaderni Storici 166: 117-141. doi: 10.1408/101558

Martínez-Rodríguez, Susana (2022). “DIANA (1969-1978): The First Women´s Finance Magazine in Spain” Feminist Media Studies (early view). NBN Interview by Paula de la Cruz here.

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Howard Yaruss, "Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know" (Prometheus Books, 2022) Aug 31, 2022

Incomes are stagnating, middle-class jobs are disappearing, economic growth is slowing, and the meager gains are mostly going to those who are already wealthy. More Americans than ever are frustrated by the direction in which we are headed. Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know(Prometheus, 2022) aims to replace this frustration with a practical understanding of our economy and empower readers to identify and advocate for a better approach to the problems we face.

In this entertaining and informative guide, author Howard Yaruss breaks down our economic system in a straightforward way, avoiding jargon, formulas, graphs, and other technical material so common in books on this subject. Instead, he creates a compelling and comprehensive picture of our economy using accessible analogies, real-world observations, and entertaining anecdotes. Understandable Economics will enable readers to answer questions such as:

Why is inequality soaring and what can we do about it?
Do tax cuts for the wealthy create jobs or just create more inequality?
Where does money come from, why does it have value, and who controls it?
What does the Fed do and how does it affect our lives?
Could alternative currencies like Bitcoin replace the dollar?
Is our national debt a threat?
Why do so many people believe free trade is good if it causes some people to lose jobs?
Why does the economy regularly turn down and how can we get it back on track?

... and many more.

Understandable Economics provides the context, tools and foundational knowledge readers need to thoroughly understand our economy, determine which policies would work best, and champion those policies effectively.

Howard Yaruss is an economist, professor, attorney, businessman, and activist who greatly enjoys explaining complex issues in a clear, interesting, and easily accessible way. He has taught a variety of economics and business courses, and currently teaches at New York University. Previously, he was executive vice president and general counsel of Radian Group, one of the largest guarantors of debt in the world. He has also served on the boards of organizations that advocate for safer streets, help the homeless, and support the arts. Yaruss graduated from Brown University, studied at the London School of Economics, and earned a law degree from the University of Pennsylvania. He lives in Manhattan and is a member of his local community board.

Daniel Moran earned his B.A. and M.A. in English from Rutgers University and his Ph.D. in History from Drew University. The author of Creating Flannery O’Connor: Her Critics, Her Publishers, Her Readers, he teaches research and writing at Rutgers and co-hosts the podcast Fifteen-Minute Film Fanatics (Twitter @15MinFilm).

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Leslie Kern, "Gentrification is Inevitable and Other Lies" (Verso, 2022) Aug 31, 2022

What does gentrification look like? Can we even agree that it is a process that replaces one community with another? It is a question of class? Or of economic opportunity? Who does it affect the most? Is there any way to combat it? In Gentrification is Inevitable and Other Lies(Verso, 2022), Leslie Kern travels from Toronto, New York, London, Paris, and San Francisco and scrutinises the myth and lies that surround this most urgent urban crisis of our times.

First observed in 1950s London, and theorised by leading thinkers such as Ruth Glass, Jane Jacobs and Sharon Zukin, this devastating process of displacement now can be found in every city and most neighbourhoods. Beyond the Yoga studio, farmer’s market and tattoo parlour, gentrification is more than a metaphor, but impacts the most vulnerable communities. Kern proposes an intersectional way of looking at the crisis that seek to reveal the violence based on class, race, gender, and sexuality. She argues that gentrification is not natural. That it cannot be understood in economic terms, or by class. That it is not a question of taste. That it can only be measured only by the physical displacement of certain people. Rather, she argues, it is a continuation of the settler colonial project that removed natives from their land. And it can be seen today is rising rents and evictions, transformed retail areas, increased policing, and broken communities.

But if gentrification is not inevitable, what can we do to stop the tide? In response, Kern proposes a genuinely decolonial, feminist, queer, anti-gentrification. One that demands the right to the city for everyone and the return of land and reparations for those who have been displaced.

Louisa Hann recently attained a PhD in English and American studies from the University of Manchester, specialising in the political economy of HIV/AIDS theatres. She has published work on the memorialisation of HIV/AIDS on the contemporary stage and the use of documentary theatre as a neoliberal harm reduction tool. She is currently working on a monograph based on her doctoral thesis. You can get in touch with her at louisahann92@gmail.com.

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Paul Oyer, "An Economist Goes to the Game: How to Throw Away $580 Million and Other Surprising Insights from the Economics of Sports" (Yale UP, 2022) Aug 29, 2022

Should you train your kid to become a pro athlete? Why do Koreans dominate women’s golf? Why should ticket scalpers get more respect? Why are pro sports plagued by doping scandals and ruinous strikes? Learn the answers to these questions and more in my conversation with author Paul Oyer and sports economist Daniel Rascher about Paul’s new book An Economist Goes to the Game: How to Throw Away $580 Million and Other Surprising Insights from the Economics of Sports (Yale UP, 2022).

Author Paul Oyer is the Mary and Rankine Van Anda Entrepreneurial Professor, professor of economics, and senior associate dean for academic affairs at the Stanford University Graduate School of Business. His academic research studies the economics of organizations and human resource practices, including the use of stock options plans, non-cash benefits, and the development of the gig economy. His previous books include Roadside MBA, which extracts business lessons from the experiences of small businesses across the US, and Everything I Ever Needed to Know about Economics I Learned from Online Dating which recommends that students stop taking economics classes and spend more time on Tinder (at least I think that’s what it’s about, based on the title—I haven’t read that one yet).

To supplement my ignorance, I’m joined on this podcast by my colleague Daniel Rascher. Dan is Professor and Director of Academic Programs for the Sport Management program at the University of San Francisco, where he teaches sports economics and business research methods. As President of SportsEconomics, his clients have included organizations involved in the NFL, MLB, NBA, NHL, MLS, PGA, NCAA, AHL, sports media, minor league baseball, Formula One racing, CART, Premier League Football, local sports commissions, and various government agencies. He has authored articles for academic and professional journals, book chapters, and a text book in the sport management and economics fields.

Host Peter Lorentzen is Chair of the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His research examines the political economy of governance in China.

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Mélissa Mialon, "Big Food & Co" (Thierry Souccar Editions, 2021) Aug 26, 2022

In the 1960s and 1970s, the exposure of Big Tobacco’s aggressive lobbying and internal efforts to obscure science showcasing the harmful effects of smoking changed U.S. public opinion of the industry and of product safety protocols, both of which had largely obscured these harms from public view for decades. Public awareness grew, triggering regulation on disclosure related to political influencing strategies, marketing tactics, and transparency regarding the devastating toll of tobacco products on many communities, including and especially children. As similar approaches to assessing the public health impacts of Big Oil and Big Pharma, among other industries, have gained traction in recent decades, Dr. Mélissa Mialon’s new book, Big Food & Co (Thierry Souccar Editions, 2021), adds the amalgamation of multinationals and transnational supply chains that make up Big Food, to that list.

Rising health inequities across race, class, and geography are subtle, yet central themes throughout Dr. Mialon’s meticulous accounting of a complex puzzle in which the marketing and distribution strategies of soft drink companies and ultra-processed food manufacturers are quietly but steadily ushering in a new globalized era of related public health crises – measured by increasing rates of of diabetes, cancers, and heart disease, etc– a crisis that has long been felt in the United States.

Whether branding t-shirts and games at summer camps in France for underprivileged children or blanketing entire streets in Mauritius with the unmistakable bright red and white flag of Coca-Cola, Dr. Mialon describes a taxonomy of commercial determinants of health common to nearly every example – whether multinational food companies’ policy advocacy in Colombia, public-private partnerships in Brazil, or culturally responsive branding for holidays in Southern Africa.

Between academic research and investigative journalism, the survey of trends in Big Food’s operation, marketing, and regulatory capture, offered throughout the book are additionally grounds for laying out a policy roadmap with public health indicators at the center of a wide range of potential reforms including campaign finance and heightened disclosure protocols for public-private partnerships to mitigating conflicts of interest in scientific studies related to food, agriculture, and health, among many others.

Dr. Mélissa Mialon is Associate Professor at Trinity College Dublin, in Ireland. She is a food engineer with a PhD in nutrition and co-coordinates the « Governance, Ethics and Conflicts of Interest in Public Health » (GECI-PH) network, based out of the American University of Beirut in Lebanon. Her research focuses on commercial determinants of health, and particularly on the practices used by corporations to influence public health policy, research and practice.

Anna Levy researches and teaches on emergency, crisis, and development practice & politics at Fordham & New York Universities. She is the founder and principal of Jafsadi.works, a research collective focused on advancing structural and participatory accountability in non-profit, movement, multilateral, city, and policy strategies. You can follow her @politicoyuntura.

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Becky O'Connor, "The ESG Investing Handbook: Insights and Developments in Environmental, Social and Governance Investment" (Harriman House, 2022) Aug 25, 2022

As global governments and regulators set an agenda for net zero carbon emissions, the focus on Environmental, Social and Governance (ESG) criteria among investors, from pension scheme members to institutions, is on the rise.

The ESG Investing Handbook: Insights and Developments in Environmental, Social and Governance Investment (Harriman House, 2022) is an indispensable guide to the history, developments and latest thinking into the future of ESG investing from some of the most influential names in the business.

Featuring interviews with:

Lisa Beauvilain, Director, Impax Asset Management
Tony Burdon, CEO, Make My Money Matter
Mark Campanale, Founder & Executive Chairman, Carbon Tracker
Amy Clarke, Chief Impact Officer, Tribe Impact Capital
Keith Davies, Chief Risk & Compliance Officer, Federated Hermes Ltd
Bruce Davis, co-founder, Abundance Investment
Ingrid Holmes, Director, Green Finance Institute
Yan Swiderski, co-founder, Global Returns Project
Richard Wilson, CEO interactive investor
The Baillie Gifford Global Stewardship Team

Expert Editor, Becky O’Connor covers the big questions and key themes, such as the effectiveness of divestment versus engagement strategies for promoting positive change as well as difficult topics, such as greenwash.

John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma.

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Johan Fourie, "Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History" (Cambridge UP, 2022) Aug 24, 2022

In Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History (Cambridge UP, 2022), Johan Fourie gives a new look to economic history from an African perspective while successfully addressing and engaging with a wide audience. During the interview, Fourie tells of the challenges to write such a project while also providing a global view of economic development.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo.

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Gamify Everything: Turning Work Into Play . . . for Better and for Worse Aug 24, 2022

Setting goals for the new year? Learning a language? Going for a run? Delivering food? Picking packages off a warehouse shelf for delivery? There’s a game for that. Or, at least, a gamified system designed to nudge you in a series of pre-programmed directions in the service of the state, techno-capitalist overlords, or any number of other groups and entities that chart the course of our hyper-connected, cutting-edge, dystopian 21st century lives. On this episode of Darts and Letters, guest host Jay Cockburn and our guests take us through the gamification of…everything.

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Alfie Bown, "Dream Lovers: The Gamification of Relationships" (Pluto Press, 2022) Aug 24, 2022

We are in the middle of a 'desirevolution' - a fundamental and political transformation of the way we desire as human beings. Perhaps as always, new technologies - with their associated and inherited political biases - are organising and mapping the future. What we don’t seem to notice is that the primary way in which our lives are being transformed is through the manipulation and control of desire itself.

Our very impulses, drives and urges are 'gamified' to suit particular economic and political agendas, changing the way we relate to everything from lovers and friends to food and politicians. Digital technologies are transforming the subject at the deepest level of desire – re-mapping its libidinal economy - in ways never before imagined possible. From sexbots to smart condoms, fitbits to VR simulators and AI to dating algorithms, the 'love industries' are at the heart of the future smart city and the social fabric of everyday life.

Alfie Bown's Dream Lovers: The Gamification of Relationships (Pluto Press, 2022) considers these emergent technologies and what they mean for the future of love, desire, work and capitalism.

Rudolf Inderst is a professor of Game Design with a focus on Digital Game Studies at the IU International University of Applied Science.

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Brett Scott, "Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets" (Harper Business, 2022) Aug 24, 2022

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets(Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress.

Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:

Who benefits from a cashless society and who gets left behind?
Is the end of cash the end of true privacy?
And is our cloudmoney future closer than we think it is?

Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic’s Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin.

Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India.

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Annah Lake Zhu, "Rosewood: Endangered Species Conservation and the Rise of Global China" (Harvard UP, 2022) Aug 18, 2022

Money does strange things to people, as Annah Lake Zhu notes in her latest book Rosewood: Endangered Species Conservation and the Rise of Global China (Harvard University Press: 2022)

In Madagascar, loggers, flush with cash from the rosewood trade, don’t quite know how to react to their newfound largesse, sometimes demanding less money for their wares out of confusion. Rumors abound of how loggers make their money. There’s no way that simple wood could garner so much profit, people say, so observers think they must be trading something else–like human bones.

Annah’s book studies globalization, the rise of China, and global environmental politics through trade in one commodity: Madagascar rosewood, used in furniture. In this interview, Annah and I talk about this important material–the commodity, the cultural product, and the conservation target–in China and Madagascar.

Annah Lake Zhu is Assistant Professor of Environmental Policy at Wageningen University in the Netherlands, a veteran of the United Nations Environment Programme in Geneva, and a former Peace Corps volunteer in Madagascar. Her work has been published in Science, Geoforum, and Political Geography.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Rosewood. Follow on Twitter at @BookReviewsAsia.

Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.

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Fiona Moore, "Global Taiwanese: Asian Skilled Labour Migrants in a Changing World" (U Toronto Press, 2021) Aug 17, 2022

In Global Taiwanese: Asian Skilled Labour Migrants in a Changing World(U Toronto Press, 2021), Fiona Moore explores the different ways in which Taiwanese expatriates in London and Toronto, along with professionals living in Taipei, use their shared Taiwanese identities to construct and maintain global and local networks.

Based on a three-year-long ethnographic study that incorporates interviews with people from diverse backgrounds, generations, and histories, this book explores what their different experiences tell us about migration in “tolerant” and “hostile” regimes.

Global Taiwanese considers the implications in leveraging their Taiwanese ethnic identity for both business and personal purposes. As people become increasingly mobile, ethnic identity becomes more important as a means of negotiating transnational encounters; however, at the same time, the opportunities it offers are rooted in local cultural practices, requiring professionals and other migrants to develop complex social strategies that link and cross the global and local levels.

With rich ethnographic detail, this book contributes to the understanding of the migrant experience and how it varies from location to location, how migration more generally changes in response to wider socioeconomic factors, and, finally, of the specific case of Taiwan and how the distinctive nature of its diaspora emerges through wider discourses of Chineseness and pan-Asian identity.

Fiona Moore is a professor in the School of Business and Management at Royal Holloway University of London.

Li-Ping Chen is Postdoctoral Scholar and Teaching Fellow in the East Asian Studies Center at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts.

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Samuel Evan Milner, "Robbing Peter to Pay Paul: Power, Profits, and Productivity in Modern America" (Yale UP, 2021) Aug 17, 2022

Concentrated market power and the weakened sway of corporate stakeholders over management have emerged as leading concerns of American political economy.

In his book Robbing Peter to Pay Paul: Power, Profits, and Productivity in Modern America (Yale UP, 2021), economic historian Samuel Milner provides a context for contemporary efforts to resolve these anxieties by examining the contest to control the distribution of corporate income during the mid‑twentieth century.

During this “Golden Age of American Capitalism,” apprehension about the debilitating consequences of industrial concentration fueled efforts to ensure that management would share the fruits of progress with workers, consumers, and society as a whole (“stakeholders”). Focusing on wage and price determination in steel, automobiles, and electrical equipment, Milner reveals how the management of concentrated industries understood its ability to distribute income to its stakeholders as well as why economists, courts, and public policymakers struggled to curtail the exercise of that market power at its source. The book could not be timelier, given the recent rise of inflation, wage price pressure, and supply shocks, as well as renewed interest in labor organization and anti-trust legislation.

John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma.

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Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021) Aug 16, 2022

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance(The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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The Future of Net Zero: A Discussion with Eric Lonergan Aug 16, 2022

There is no shortage of words written about climate change and the goal of reaching net zero - but there is a shortage of practical suggestions about to get to net zero. Even governments committed to net zero are wondering how they are going to do it. Eric Lonergan has tried to address that problem with the book Super Charge Me: Net Zero Faster (Agenda, 2022) - co-authored with Corrine Sawyers - which sets out to suggest ways Net Zero can be achieved.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Roselyn Hsueh, "Micro-Institutional Foundations of Capitalism" (Cambridge UP, 2022) Aug 12, 2022

Roselyn Hsueh’s Micro-Institutional Foundations of Capitalism (Cambridge, 2022) presents a new framework for understanding how developing countries integrate into the global economy. Examining the labor-intensive textile sector and the capital-intensive telecommunications sector in China, India, and Russia, Hsueh shows how differences in the way elites perceive the strategic value of a sector can lead to dramatically different patterns of governance.

Author Roselyn Hsueh is an Associate Professor of Political Science at Temple University, where she co-directs the Certificate in Political Economy. She is also the author of China’s Regulatory State: A New Strategy for Globalization and scholarly articles and book chapters on states and markets, comparative regulation and governance, and development and globalization. She is a frequent commentator on international politics, finance and trade, and comparative economic development. BBC World News, The Economist, Foreign Affairs, Foreign Policy, National Public Radio, The Washington Post, and other media outlets have featured her research. She earned her B.A. and Ph.D. in Political Science from the University of California, Berkeley.

Host Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco. His own research focus is the political economy of governance in China.

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The Future of Political Anger: A Conversation with Mark Blyth Aug 09, 2022

Trump’s voters. The yellow jackets in France. Putin’s base in Russia. The Brexiteers. One thing all these groups have in common is anger – anger at being left behind, anger about de industrialization, anger at the arrogance and wealth of the elite. But what more can be said about the nature of that anger and the different aspects of it? In Angrynomics (Agenda Publishing, 2020) Mark Blyth and Eric Lonergan address this question. Today I talked to Blyth, a professor of political economy at Brown University.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Emma Ashford, "Oil, the State, and War: The Foreign Policies of Petrostates" (Georgetown UP, 2022) Aug 05, 2022

Oil, the State, and War: The Foreign Policies of Petrostates (Georgetown University Press, 2022) by Dr. Emma Ashford presents a comprehensive challenge to prevailing understanding of international implications of oil wealth that shows why it can create bad actors.

In a world where oil-rich states are more likely to start war than their oil-dependent counterparts, it's surprising how little attention is still paid to these so-called petrostates. These states' wealth props up the global arms trade, provides diplomatic leverage, and allows them to support violent and nonviolent proxies. In this book, Dr. Ashford explores the many potential links between domestic oil production and foreign policy behavior and how oil production influences global politics.

Not all petrostates have the same characteristics or capabilities. To help us conceptualize these differences, Dr. Ashford creates an original classification of three types of petrostates: oil-dependent states (those weakened by the resource curse), oil-wealthy states (those made rich by oil exports), and super-producer states (those that form the backbone of the global oil market). Through a combination of case studies and analysis, she illustrates how oil shapes petrostates' behavior, filling a major gap in our understanding of the international implications of oil wealth. Experts have too often treated oil-rich states as passive objects, subject to the energy security needs of Western importing states. Instead, this book highlights the agency and power enjoyed by petrostates.

As the oil market undergoes a period of rapid change, Oil, the State, and War sheds light on the diversity of petrostates and how they shape international affairs.

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

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Paul A. Djupe et al. "The Knowledge Polity: Teaching and Research in the Social Sciences" (Oxford UP, 2022) Aug 04, 2022

Paul A. Djupe, Anand Edward Sokhey, and Amy Erica Smith, The Knowledge Polity: Teaching and Research in the Social Sciences (Oxford UP, 2022) explores a more holistic understanding of knowledge production in the social sciences, moving beyond the publication process often required by those in tenure/tenure-track positions to thinking about the role of community in the construction of knowledge. Political Scientists Paul A. Djupe (Denison University), Anand Edward Sokhey (University of Colorado-Boulder), and Amy Erica Smith (Iowa State University) emphasize the idea of academics as citizens in communities and institutions, endowed with certain rights and responsibilities with regard to knowledge production, exchange, and promotion. These actions go beyond simply research; knowledge production incorporates teaching, reviewing, blogging, podcasting, commenting, mentoring, and other similar actions, all of which inherently depend on collaboration and community.

Djupe, Smith, and Sokhey all have first-hand experience in the “publication pipeline” process. They accurately and intricately detail aspects of community that are overlooked within the academia. The collaborative nature of The Knowledge Polity speaks to the power of co-authorship in political science and sociology. The research indicates that building relationships with peers and mentors alike provides scholars with access to people whose advice is trusted, people who they consider friends, and people who know other scholars whose advice can also be trusted and valued. Similar to co-authorship, peer review is another dimension of knowledge exchange, collaboration, and the rights and responsibilities of the knowledge polity. The review process is reciprocal, and there is an innate sense that it is a duty, especially when the authors discuss “reviewer debt” (reviewing fewer papers than one is submitting) and how it is usually “paid off” when scholars reach tenure and have more time and capacity to give back to the community. Most academics would like to do more reviews, proving there is a powerful desire to participate in this important act of knowledge production.

The authors use data from an extensive Professional Activity in the Social Sciences (PASS) study, which sampled responses from 1,700 sociology and political science faculty about their publications, and experiences with regard to the process. They integrate different aspects of all of these findings in each chapter, examining for differences across disciplines, methodology, gender, race, and age, among other variables. The Knowledge Polity: Teaching and Research in the Social Sciences integrates a diversity of empirical research, qualitative inputs, and sophisticated analysis to better understand knowledge production within the social sciences. It becomes clear that the idea of the solitary scholar, alone in his/her office, creating knowledge is much more of a myth, since the reality is that knowledge production is much more of a collective undertaking and experience.

Emma R. Handschke assisted in the production of this podcast.

Lilly J. Goren is a professor of political science at Carroll University in Waukesha, WI. She is co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), as well as co-editor of Mad Men and Politics: Nostalgia and the Remaking of Modern America (Bloomsbury Academic, 2015). Email her comments at lgoren@carrollu.edu or tweet to @gorenlj.

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Nick Huntington-Klein, "The Effect: An Introduction to Research Design and Causality" (CRC Press, 2021) Aug 04, 2022

The Effect: An Introduction to Research Design and Causality(Routledge, 2021) is about methods for using observational data to make causal inferences. It provides an extensive discussion of causality and the variety of both obvious and subtle challenges to inferring a causal relationship between the variables, using causal diagrams. It then goes through the major techniques that economists use to address these challenges, including regression, matching, simulation, fixed effects, event studies, differences-in-differences, instrumental variables, and regression discontinuity. The book is designed to be accessible to students or practitioners without the extensive math background that is taken for granted in typical econometrics textbooks. Instead, the emphasis is on the intuition behind the techniques and how to implement them with the widely-used programming languages R, Stata, and Python.

Nick C. Huntington-Klein is an Assistant Professor at Seattle University. His research focuses on econometrics and higher education. His work has been published in the Economics of Education Review, AEA Papers and Proceedings, Economic Inquiry, Empirical Economics, and the Journal of Economic Behavior & Organization. His book can be read online for free or purchased in print, and is accompanied by a wealth of teaching materials on the same website. Nick can also be found on Youtube and on Twitter.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focus is the political economy of governance in China.

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Matt Stoller, "Goliath: The 100-Year War Between Monopoly Power and Democracy" (Simon & Schuster, 2020) Aug 03, 2022

In Goliath: The 100-Year War Between Monopoly Power and Democracy (Simon & Schuster, 2019), Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today's bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment.

The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller's study will only grow more relevant as time passes. "An engaging call to arms," (Kirkus Reviews) Stoller illustrates here in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.

Matt Stoller is the Director of Research at the American Economic Liberties Project.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Melina Palmer, "What Your Customer Wants and Can’t Tell You: Unlocking Consumer Decisions with the Science of Behavioral Economics" (Mango, 2021) Jul 28, 2022

Today I talked to Melina Palmer about her book What Your Customer Wants and Can’t Tell You: Unlocking Consumer Decisions with the Science of Behavioral Economics (Mango, 2021)

Once you realize that the average person makes 35,000 decisions a day, it makes total sense that habits drive 95% of our behavior. Otherwise, we’d become paralyzed with analysis paralysis in trying to choose what to do next. As Melina Palmer fully recognizes, behavioral economic principles help to unlock the mystery of why people do things that seem so confounding. How could it be, for instance, that giving the gift of two mints with your check in the restaurant can lead to a 14% increase in the average tip for the waiter? Well, gratitude—the principle of reciprocity—weighs in. From the difference between satisfaction and delight to what the peak/end rule can make a small business more prosper if used well, this is both a fun and meaningful episode.

Melina Palmer is the founder and CEO of the Brainy Business and hosts the podcast by that same name. She received a Masters in behavior economics from the Chicago School of Professional Psychology, teaches at the Texas A&M Human Behavior Lab, and writes a column for Inc. magazine.

Dan Hill, PhD, is the author of ten books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His newest book is Emotionomics 2.0: The Emotional Dynamics Underlying Key Business Goals. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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James Steinhoff, "Automation and Autonomy: Labour, Capital and Machines in the Artificial Intelligence Industry" (Palgrave Macmillan, 2021) Jul 27, 2022

Automation and Autonomy: Labour, Capital and Machines in the Artificial Intelligence Industry (Palgrave Macmillan, 2021) argues that Marxist theory is essential for understanding the contemporary industrialization of the form of artificial intelligence (AI) called machine learning. It includes a political economic history of AI, tracking how it went from a fringe research interest for a handful of scientists in the 1950s to a centerpiece of cybernetic capital fifty years later. It also includes a political economic study of the scale, scope and dynamics of the contemporary AI industry as well as a labour process analysis of commercial machine learning software production, based on interviews with workers and management in AI companies around the world, ranging from tiny startups to giant technology firms. On the basis of this study, Steinhoff develops a Marxist analysis to argue that the popular theory of immaterial labour, which holds that information technologies increase the autonomy of workers from capital, tending towards a post-capitalist economy, does not adequately describe the situation of high-tech digital labour today. In the AI industry, digital labour remains firmly under the control of capital. Steinhoff argues that theories discerning therein an emergent autonomy of labour are in fact witnessing labour’s increasing automation.

James Steinhoff is a Postdoctoral Fellow at the University of Toronto, Canada.

Reuben Niewenhuis works as a software developer for a warehouse automation company. He double majored in computer science and philosophy at Calvin University. In addition to philosophical theory, he is interested in interdisciplinary topics.

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Heejung Chung, "The Flexibility Paradox: Why Flexible Working Leads To (Self-)Exploitation" (Polity Press, 2022) Jul 26, 2022

Why are we working harder? In The Flexibility Paradox: Why Flexible Working Leads To (Self-)Exploitation (Polity Press, 2022), Heejung Chung, a professor of sociology and social policy at the University of Kent, looks a contemporary employment practices to tell the story of the rise of flexible working and its impact on workers, individuals, and families. The book sets out the paradox that even though flexible working seems to offer more control over work, it leads to a worse work/life balance and makes more demands on staff. The paradox is also not evenly distributed, and the book pays close attention to the importance of gender in understanding how flexible work interacts with domestic labour to impact on women’s lives. Packed with rich, cross-national data, along with analysis of the impact of the Covid-19 pandemic, the book is essential across social science disciplines and for anyone interested in contemporary working life!

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Effective Altruism: What it is, What it Does, and How You Can Help Jul 25, 2022

80,000 Hours provides research and support to help students and graduates switch into careers that effectively tackle the world’s most pressing problems.

Benjamin Todd is the president and co-founder of 80,000 Hours. He managed the organisation while it grew from a lecture, to a student society, to the organization it is today. He also helped to get effective altruism started in Oxford in 2011.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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John Joe Schlichtman, "Showroom City: Real Estate and Resistance in the Furniture Capital of the World" (U Minnesota Press, 2022) Jul 22, 2022

A unique and engaging account of local urban decision-making within the globalizing world

High Point, North Carolina, is known as the “Furniture Capital of the World.” Once a manufacturing stronghold, most of its furniture factories have closed over the past forty years, with production shipped off to low-wage countries. Yet as manufacturing left, the city tightened its hold on a biannual global exposition that serves as the world’s furniture fashion runway. At the High Point Market, visitors from more than one hundred nations traverse twelve million square feet of meticulous design. Downtown buildings—once courthouses, movie theaters, post offices, and gas stations—are now chic showroom spaces, even as many sit empty between each exposition.

In Showroom City: Real Estate and Resistance in the Furniture Capital of the World (University of Minnesota Press, 2022), Dr. John Joe Schlichtman applies an ethnographic lens to the global exposition’s relationship with High Point after it defeated rival Chicago in the 1960s and established itself as the world’s dominant furniture center. In recent decades, following trends in global finance, private equity firms were increasingly behind downtown High Point’s real estate transactions, coordinated by buyers far removed from the region. Then, in one massive transaction in 2011, a firm funded by Bain Capital purchased every major showroom building, and the majority of downtown real estate was under one owner.

Showroom City is a story of exclusionary growth and unchecked development, of a city flailing to fill the void left by its dwindling factories. But beyond that Schlichtman engages the general lessons behind both High Point’s deindustrialization and its stunning reinvention as a furniture fashion, merchandising, and design node. With great nuance, he delves deeply to reveal how power operates locally and how citizens may affirm, exploit, influence, and resist the takeover of their community.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. He is the author of Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington, 2022). His general area of study is on media representations people and place at festivals and celebrations. His next book project is on research that he conducted about a canoeing and kayaking event that occurs annually on the Upper Mississippi River. To learn more about Michael O. Johnston you can go to his website, Google Scholar, Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Jason Resnikoff, "Labor's End: How the Promise of Automation Degraded Work" (U Illinois Press, 2021) Jul 21, 2022

Labor's End: How the Promise of Automation Degraded Work(U Illinois Press, 2021) traces the discourse around automation from its origins in the factory to its wide-ranging implications in political and social life. As Jason Resnikoff shows, the term automation expressed the conviction that industrial progress meant the inevitable abolition of manual labor from industry. But the real substance of the term reflected industry's desire to hide an intensification of human work--and labor's loss of power and protection--behind magnificent machinery and a starry-eyed faith in technological revolution. The rhetorical power of the automation ideology revealed and perpetuated a belief that the idea of freedom was incompatible with the activity of work. From there, political actors ruled out the workplace as a site of politics while some of labor's staunchest allies dismissed sped-up tasks, expanded workloads, and incipient deindustrialization in the name of technological progress.

A forceful intellectual history, Labor's End challenges entrenched assumptions about automation's transformation of the American workplace.

Jason Resnifoff is Assistant Professor of Contemporary History at the University of Groningen (Rijksuniversiteit Groningen) in the Netherlands.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Marc F. Bellemare, "Doing Economics: What You Should Have Learned in Grad School—But Didn’t" (MIT Press, 2022) Jul 21, 2022

Graduate students and newly-minted economists often find that while their time in graduate school taught them a lot about great research of the past and the methods needed to do their own research, they didn't learn that much about the other aspects of the job. How do you submit a paper to a journal? How do you respond to reviewer comments? How do you write referee reports for other people? How do you present you findings in clear and compelling way, whether in a paper or in a talk? Academic advisors and other mentors can help fill the gap, but may not even realize they need to communicate things that they know implicitly. The existence of this hidden curriculum also perpetuates the insider bias and lack of diversity in economics, making it harder for the best ideas to rise to the top.

Marc Bellemare's new book Doing Economics: What You Should Have Learned in Grad School--But Didn't (MIT, 2022), helps fill the gap. This book is essential reading for economists and other quantitative social scientists trying to succeed in academia and adjacent fields. Graduate students and junior faculty should read it cover to cover. Senior faculty can also benefit from having a copy around to help make sure their own advice is comprehensive and up-to-date.

Author Marc Bellemare is the Distinguished McKnight University Professor, Distinguished University Teaching Professor, and Northrop Professor in the Department of Applied Economics at the University of Minnesota, where he also directs the Center for International Food and Agricultural Policy. He is also currently a co-editor of the American Journal of Agricultural Economics. He also blogs regularly and can be found on Twitter.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focus is the political economy of governance in China.

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Rosetta S. Elkin, "Plant Life: The Entangled Politics of Afforestation" (U Minnesota Press, 2022) Jul 20, 2022

In Plant Life: The Entangled Politics of Afforestation(U Minnesota Press, 2022), Rosetta S. Elkin explores the procedures of afforestation, the large-scale planting of trees in otherwise treeless environments, including grasslands, prairies, and drylands. Elkin reveals that planting a tree can either be one of the ultimate offerings to thriving on this planet, or one of the most extreme perversions of human agency over it. Using three supracontinental case studies--scientific forestry in the American prairies, colonial control in Africa's Sahelian grasslands, and Chinese efforts to control and administer territory--Elkin explores the political implications of plant life as a tool of environmentalism. By exposing the human tendency to fix or solve environmental matters by exploiting other organisms, this work exposes the relationship between human and plant life, revealing that afforestation is not an ecological act: rather, it is deliberately political and distressingly social. Plant Life ultimately reveals that afforestation cannot offset deforestation, an important distinction that sheds light on current environmental trends that suggest we can plant our way out of climate change. By radicalizing what conservation protects and by framing plants in their total aliveness, Elkin shows that there are many kinds of life--not just our own--to consider when advancing environmental policy.

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Tara Watson and Kalee Thompson, "The Border Within: The Economics of Immigration in an Age of Fear" (U Chicago Press, 2021) Jul 19, 2022

For decades, immigration has been one of the most divisive, contentious topics in American politics. And for decades, urgent calls for its policy reform have gone mostly unanswered. As the discord surrounding the modern immigration debate has intensified, border enforcement has tightened. Crossing harsher, less porous borders makes unauthorized entry to the United States a permanent, costly undertaking. And the challenges don't end on the other side.

At once enlightening and devastating, The Border Within: The Economics of Immigration in an Age of Fear(U Chicago Press, 2021) examines the costs and ends of America's interior enforcement--the policies and agencies, including ICE, aimed at removing immigrants already living in the country. Economist Tara Watson and journalist Kalee Thompson pair rigorous analysis with deeply personal stories from immigrants and their families to assess immigration's effects on every aspect of American life, from the labor force to social welfare programs to tax revenue. What emerges is a critical, utterly complete examination of what non-native Americans bring to the country, including immigration's tendency to elevate the wages and skills of those who are native-born.d

News coverage has prompted many to question the humanity of American immigration policies; The Border Within opens a conversation of whether it is effective. The United States spends billions each year on detention and deportation, all without economic gain and at a great human cost. With depth and discipline, the authors dissect the shock-and-awe policies that make up a broken, often cruel system, while illuminating the lives caught in the chaos. It is an essential work with far-reaching implications for immigrants and non-immigrants alike.

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Johan Fourie, "Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History" (Cambridge UP, 2022) Jul 19, 2022

Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History (Cambridge UP, 2022) is an entertaining and engaging guide to global economic history told for the first time from an African perspective. In thirty-five short chapters, Johan Fourie tells the story of 100,000 years of human history spanning humankind's migration out of Africa to the Covid-19 pandemic. His unique account reveals just how much we can learn by asking unexpected questions such as 'How could a movie embarrass Stalin?', 'Why do the Japanese play rugby?' and 'What do an Indonesian volcano, Frankenstein and Shaka Zulu have in common?'. The book sheds new light on urgent debates about the roots and reasons for prosperity, the march of opportunity versus the crushing boot of exploitation, and why it is the builders of society - rather than the burglars -who ultimately win out.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Alenka Triplat et al., "Profit from the Source: Transforming Your Business by Putting Suppliers at the Core" (HBR Press, 2022) Jul 14, 2022

Today I talked to Alenka Triplat about Profit from the Source: Transforming Your Business by Putting Suppliers at the Core (HBR Press, 2022).

Want to know the challenges bedeviling NATO as it seeks to arm Ukraine? This week’s guest is as good a source as any given how much the combination of Covid-19 and the war in Ukraine have put the focus on procurement. An area normally the “corporate equivalent of being sent to Siberia” (to quote this book) has now moved front-and-center. Triplat and the other three colleagues at BCG who collaborated on Profit from the Source emphasize the need not just to save costs, but to optimize the innovation process together. Right now the average CEO spends no more than about 5% of his or her time on the procurement process. And yet often over 50% of a company’s expenditures involve suppliers. As such, clearly a realignment of priorities is long overdue.

Alenka Triplat is a partner and managing director at the Boston Consulting Group, based in BCG’s Vienna office. She advises global leaders in the high-tech, defense, and industrial goods sectors.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Vivian Jing Zhan, "China's Contained Resource Curse: How Minerals Shape State Capital Labor Relations" (Cambridge UP, 2022) Jul 14, 2022

Contrary to intuition, many countries have found that having abundant natural resources such as petroleum or diamonds may be a curse as much as a blessing. Broad-based economic development may be stunted as resource extraction dominates the economy, and politics may be corrupted as different interest groups focus on controlling and redistributing resource rents instead of on governing well. In the worst cases, the fight for control over this wealth breaks into armed conflict. China is not usually considered in this light, since at the national level it has become a manufacturing powerhouse with natural resources only playing a minor economics role. However, the picture is different at the local level.

China's Contained Resource Curse: How Minerals Shape State Capital Labor Relations (Cambridge UP, 2022), by Jing Vivian Zhan, explores how mineral booms have affected business, the state, and ordinary people in China’s mineral-rich regions. Her book combines econometric analysis with an in-depth understanding developed over ten years of fieldwork and interviewing with key players.

Zhan finds that many of the classic resource-curse pathologies occur at the local level in China. Businesspeople collude with or pressure the government to gain mining rights and avoid close inspection of labor standards. Local people see little benefit from the economic development as few jobs are created and other forms of development are largely crowded out. If they benefit from any revenue windfalls it is in the form of short-term government handouts aimed to keep the peace, rather than long-term investments in healthcare, education, and other social services. Meanwhile, the central government in Beijing is only slowly putting together a national regulatory framework that might enable a more sustainable and equitable development path, and has limited capacity to ensure that its policies are carried out at the local level.

Vivian Zhan is an Associate Professor of the Department of Government and Public Administration at the Chinese University of Hong Kong. She received her BA in English and International Studies from Foreign Affairs College of China, and her PhD in political science from University of California, Los Angeles. Her research interests span comparative political economy, contemporary Chinese politics, and research methodology, with a focus on post-Mao reforms, intergovernmental relations and local governance. She is also interested in informal institutions and their impact on political and economic behaviours.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focus is the political economy of governance in China.

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Max Ajl, "A People's Green New Deal" (Pluto Press, 2021) Jul 05, 2022

The idea of a Green New Deal was launched into popular consciousness by US Congressperson Alexandria Ocasio-Cortez in 2018. It has become a watchword in the current era of global climate crisis. But what – and for whom – is the Green New Deal? In this concise and urgent book, Max Ajl provides an overview of the various mainstream Green New Deals. Critically engaging with their proponents, ideological underpinnings and limitations, he goes on to sketch out a radical alternative: a 'People's Green New Deal' committed to decommodification, working-class power, anti-imperialism and agro-ecology. Ajl diagnoses the roots of the current socio-ecological crisis as emerging from a world-system dominated by the logics of capitalism and imperialism. Resolving this crisis, he argues, requires nothing less than an infrastructural and agricultural transformation in the Global North, and the industrial convergence between North and South. As the climate crisis deepens and the literature on the subject grows, A People's Green New Deal(Pluto Press, 2021) contributes a distinctive perspective to the debate.

Eyad Houssami makes theatre and has participated in the revitalization of an ancient organic farm in southern Lebanon. He is editor of the Arabic-English book Doomed by Hope: Essays on Arab Theatre (Pluto/Dar Al Adab) and was editor-at-large of Portal 9, a bilingual literary and academic journal about urbanism. His doctoral research project on ecology and agriculture in post-independence Lebanon at the University of Leeds and this work are supported by the UK Arts & Humanities Research Council (grant number AH/R012733/1) through the White Rose College of the Arts & Humanities.

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Adrienne Buller, "The Value of a Whale: On the Illusions of Green Capitalism" (Manchester UP, 2022) Jul 05, 2022

In this searing and insightful critique, Adrienne Buller examines the fatal biases that have shaped the response of our governing institutions to climate and environmental breakdown, and asks: are the 'solutions' being proposed really solutions? Tracing the intricate connections between financial power, economic injustice and ecological crisis, she exposes the myopic economism and market-centric thinking presently undermining a future where all life can flourish.

The Value of a Whale: On the Illusions of Green Capitalism (Manchester UP, 2022) examines what is wrong with mainstream climate and environmental governance, from carbon pricing and offset markets to 'green growth', the commodification of nature and the growing influence of the finance industry on environmental policy. In doing so, it exposes the self-defeating logic of a response to these challenges based on creating new opportunities for profit, and a refusal to grapple with the inequalities and injustices that have created them. Both honest and optimistic, The Value of a Whale asks us - in the face of crisis - what we really value.

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Sushmita Pati, "Properties of Rent: Community, Capital and Politics in Globalising Delhi" (Cambridge UP, 2022) Jul 04, 2022

We live in cities whose borders have always been subject to expansion. What does such transformation of rural spaces mean for cities and vice-versa? Properties of Rent: Community, Capital and Politics in Globalising Delhi (Cambridge UP, 2022) looks at the spatial transformation of villages brought into Delhi's urban fray in the 1950s. As these villages transform physically; their residents, an agrarian-pastoralist community - the Jats - also transform into dabblers in real estate. A study of two villages - Munirka and Shahpur Jat - both in the heart of bustling urban economies of Delhi, reveal that it is 'rent' that could define this suburbanisation. 'Bhaichara', once a form of land ownership in colonial times, transforms into an affective claim of belonging, and managing urban property in the face of a steady onslaught from the 'city'. Properties of Rent is a study of how a vernacular form of capitalism and its various affects shape up in opposition to both state, finance capital and the city in contemporary urban Delhi.

Sushmita Pati is Assistant Professor of Political Science at the National Law School of India University, Bangalore. She studied Political Science at Delhi University and Jawaharlal Nehru University. She is interested in studying the intersections of Urban Politics and Political Economy. Her recent book, Properties of Rent: Community, Capital and Politics in Globalising Delhi is now out from Cambridge University Press.

Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on literary rhetoric and economic thought. He co-hosts the podcast High Theory and is a co-founder of the Postcolonial Anthropocene Research Network.

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Kuba Szreder, "The ABC of the Projectariat: Living and Working in a Precarious Art World" (Manchester UP, 2021) Jul 01, 2022

Labour has taken an about-turn. From Adam Smith’s proposal for specialisation which saw the factory line reorganised so that each worker needed to understand only a small aspect of the production process, many industries now rely on access to specialised skills and resources that are commanded at-hoc in discrete, time- and output-bound chunks.

This is the logic of projects. The workforce no longer dedicates itself to the making of a singular commodity, as it was the case with Smith, but bids for discrete pieces of work when those are in demand. In some industries, for example, in the art world, the workforce is also charged with building the demand for their work by initiating the project which would then employ them.

The ABC of the Projectariat: Living and Working in a Precarious Art World(Manchester UP, 2021) by Kuba Szreder contributes new thinking on and practical responses to the widespread problem of precarious labour in contemporary art. It is both a critical analysis and a practical handbook, speaking to and about the vast cohort of artistic freelancers worldwide. Kuba Szreder speaks to Pierre d’Alancaisez about the artistic project, and the effects of projectarisation on workers’ solidarity, communal governance, and the precarity of artistic activity.

Kuba Szreder is a lecturer in the department of art theory at the Academy of Fine Arts in Warsaw. He combines his research with independent curatorial practice. His previous publications include Joy Forever: Political Economy of Social Creativity (2011) and Art Factory: Division of Labor and Distribution of Resources in the Field of Contemporary Art in Poland (2014). In 2018, together with Kathrin Böhm, he initiated Centre for Plausible Economies, a cluster devoted to reimagining economies of contemporary art and using artistic imagination to redraw the economy at large.

A report on the Free/Slow University of Warsaw
Pierre’s interview with François Matarasso on community art
Pierre’s essay on the social artist’s absorption into the professional-managerial class
Kuba’s work with Kathrin Böhm (Company Drinks/myvillages) on the Centre for Plausible Economies, which contributed to Documenta 15
A New Books Network Interview with Dave O’Brien et al on Culture is Bad for You
Pierre’s review of Sam Friedman’s and Daniel Laurison’s The Class Ceiling

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Scott Gehlbach, "Formal Models of Domestic Politics" (Cambridge UP, 2021) Jun 30, 2022

Formal mathematical models have provided tremendous insights into politics in recent decades. Formal Models of Domestic Politics (Cambridge UP, 2021) is the leading graduate textbook covering the crucial models that underpin current theoretical and empirical research on politics by both economists and political scientists. This textbook was recently updated to reflect the wealth of new theory-building around the functioning of authoritarian regimes, as well as to include recent developments in the theory of electoral competition, delegation, legislative bargaining, and collective action.

Author Scott Gehlbach is a professor at the University of Chicago, where he is the director of their new PhD program in Political Economy. He is a widely published political economist, with influential articles published in both economics and political science journal as well as two other books. Scott also has a regional specialty in the politics of Russia, Ukraine, and other postcommunist countries.

In our interview, we discuss what formal models are, how they work, and illustrates their usefulness with several examples. We also speak briefly at the end about current Russian politics and the ideas he outlined in his February Washington Post Monkey Cage blog piece on the implications of the invasion of Ukraine.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focus is the political economy of governance in China.

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James Cheshire and Oliver Uberti, "Atlas of the Invisible: Maps and Graphics That Will Change How You See the World" (W. W. Norton, 2021) Jun 30, 2022

Award-winning geographer-designer team James Cheshire and Oliver Uberti transform enormous datasets into rich maps and cutting-edge visualizations. In this triumph of visual storytelling, they uncover truths about our past, reveal who we are today, and highlight what we face in the years ahead. In Atlas of the Invisible: Maps and Graphics That Will Change How You See the World (W. W. Norton, 2021), Cheshire and Uberti explore happiness levels around the globe, trace the undersea cables and cell towers that connect us, examine hidden scars of geopolitics, and illustrate how a warming planet affects everything from hurricanes to the hajj. Years in the making, Atlas of the Invisible invites readers to marvel at the promise and peril of data, and to revel in the secrets and contours of a newly visible world.

Winner of the 2021 British Cartographic Society Awards including the Stanfords Award for Printed Mapping and the John C. Bartholomew Award for Thematic Mapping.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Deirdre N. McCloskey and Art Carden, "Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World" (U Chicago Press, 2020) Jun 29, 2022

The economist and historian Deirdre Nansen McCloskey has been best known recently for her Bourgeois Era trilogy, a vigorous defense, unrivaled in scope, of commercially tested betterment. Its massive volumes, The Bourgeois Virtues, Bourgeois Dignity, and Bourgeois Equality, solve Adam Smith's puzzle of the nature and causes of the wealth of nations, and of the moral sentiments of modernity. The world got rich, she argues, not chiefly by material causes but by an idea and a sentiment, a new admiration for the middle class and its egalitarian liberalism.

For readers looking for a distillation of McCloskey's magisterial work, Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World(U Chicago Press, 2020) is what you've been waiting for. In this lively volume, McCloskey and the economist and journalist Carden bring together the trilogy's key ideas and its most provocative arguments. The rise of the west, and now the rest, is the story of the rise of ordinary people to a dignity and liberty inspiring them to have a go. The outcome was an explosion of innovation after 1800, and a rise of real income by an astounding 3,000 percent. The Great Enrichment, well beyond the conventional Industrial Revolution, did not, McCloskey and Carden show, come from the usual suspects, capital accumulation or class struggle. It came from the idea of economic liberty in Holland and the Anglosphere, then Sweden and Japan, then Italy and Israel and China and India, an idea that bids fair in the next few generations to raise up the wretched of the earth. The original shift to liberalism arose from 1517 to 1789 from theological and political revolutions in northwest Europe, upending ancient hierarchies. McCloskey and Carden contend further that liberalism and "innovism" made us better humans as well as richer ones. Not matter but ideas. Not corruption but improvement.

Leave Me Alone and I'll Make You Rich draws in entertaining fashion on history, economics, literature, philosophy, and popular culture, from growth theory to the Simpsons. It is the perfect introduction for a broad audience to McCloskey's influential explanation of how we got rich. At a time when confidence in the economic system is under challenge, the book mounts an optimistic and persuasive defense of liberal innovism, and of the modern world it has wrought.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Max Liboiron and Josh Lepawsky, "Discard Studies: Wasting, Systems, and Power" (MIT Press, 2022) Jun 29, 2022

An argument that social, political, and economic systems maintain power by discarding certain people, places, and things. Discard studies is an emerging field that looks at waste and wasting broadly construed. Rather than focusing on waste and trash as the primary objects of study, discard studies looks at wider systems of waste and wasting to explore how some materials, practices, regions, and people are valued or devalued, becoming dominant or disposable.

In Discard Studies: Wasting, Systems, and Power (MIT Press, 2022), Max Liboiron and Josh Lepawsky argue that social, political, and economic systems maintain power by discarding certain people, places, and things. They show how the theories and methods of discard studies can be applied in a variety of cases, many of which do not involve waste, trash, or pollution. Liboiron and Lepawsky consider the partiality of knowledge and offer a theory of scale, exploring the myth that most waste is municipal solid waste produced by consumers; discuss peripheries, centers, and power, using content moderation as an example of how dominant systems find ways to discard; and use theories of difference to show that universalism, stereotypes, and inclusion all have politics of discard and even purification—as exemplified in “inclusive” efforts to broaden the Black Lives Matter movement. Finally, they develop a theory of change by considering “wasting well,” outlining techniques, methods, and propositions for a justice-oriented discard studies that keeps power in view.

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Does Financial Repression Work? Jun 28, 2022

Michael Pettis is Professor of Finance at Peking University’s Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University.

Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as

"The Pettis Group."

Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets.

Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars.

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The Future of Philanthropy: A Conversation with Emma Saunders-Hastings Jun 28, 2022

Philanthropists are praise for their generosity but does their desire to keep control of what happens to their donations mean they exercise power in ways that clash with democratic principles? Approval of philanthropists’ good intentions can mask some important moral considerations about what philanthropy means for the donor and the recipient. Generosity, influence, reputation and paternalism: democracy and philanthropy with Owen Bennett Jones and Emma Saunders Hastings. Hasting is author of Private Virtues, Public Vices: Philanthropy and Democratic Equality (U Chicago Press, 2022).

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Max Holleran, "Yes to the City: Millennials and the Fight for Affordable Housing" (Princeton UP, 2022) Jun 22, 2022

The exorbitant costs of urban housing and the widening gap in income inequality are fueling a combative new movement in cities around the world. A growing number of influential activists aren't waiting for new public housing to be built. Instead, they're calling for more construction and denser cities in order to increase affordability.

Yes to the City: Millennials and the Fight for Affordable Housing (Princeton UP, 2022) offers an in-depth look at the "Yes in My Backyard" (YIMBY) movement. From its origins in San Francisco to its current cadre of activists pushing for new apartment towers in places like Boulder, Austin, and London, Max Holleran explores how urban density, once maligned for its association with overpopulated slums, has become a rallying cry for millennial activists locked out of housing markets and unable to pay high rents. Holleran provides a detailed account of YIMBY activists campaigning for construction, new zoning rules, better public transit, and even candidates for local and state office. YIMBY groups draw together an unlikely coalition, from developers and real estate agents to environmentalists, and Holleran looks at the increasingly contentious battles between market-driven pragmatists and rent-control idealists. Arguing that advocates for more housing must carefully weigh their demands for supply with the continuing damage of gentrification, he shows that these individuals see high-density urbanism and walkable urban spaces as progressive statements about the kind of society they would like to create. Chronicling a major shift in housing activism during the past twenty years, Yes to the City considers how one movement has reframed conversations about urban growth.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Seth Stephens-Davidowitz, "Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe" (Dey Street Books, 2022) Jun 22, 2022

Today I talked to Seth Stephens-Davidowitz about his new book Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe (Dey Street Books, 2022)

Looking for advice on how to get a date, how to have a successful marriage, or just how to have a happier life? Don’t trust your gut, don’t trust conventional wisdom, and put down that self-help book full of plausible arguments and compelling anecdotes that just happens to contradict the advice you got from the self-help book you. Instead, let Seth Stephens-Davidowitz guide you, using data!

Seth Stephens-Davidowitz is a data scientist, author, keynote speaker, and recovering economist. His first book Everybody Lies, was a New York Times bestseller that showed how social scientists have used new data about our online behavior to gain new insights about who we really are and what we really think. His latest book, Don’t Trust Your Gut, is about how we can use data not just to understand other people but also how to get what we want in life, whether it’s health, wealth, attractiveness, or inner peace.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy.

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Jennifer D. Sciubba, "8 Billion and Counting: How Sex, Death, and Migration Shape Our World" (W. W. Norton, 2022) Jun 22, 2022

As the world nears 8 billion people, the countries that have led the global order since World War II are becoming the most aged societies in human history. At the same time, the world's poorest and least powerful countries are suffocating under an imbalance of population and resources. In 8 Billion and Counting, political demographer Jennifer D. Sciubba argues that the story of the twenty-first century is less a story about exponential population growth, as the previous century was, than it is a story about differential growth--marked by a stark divide between the world's richest and poorest countries.

Drawing from decades of research, policy experience, and teaching, Sciubba employs stories and statistics to explain how demographic trends, like age structure and ethnic composition, are crucial signposts for future violence and peace, repression and democracy, poverty and prosperity. Although we have a diverse global population, demographic trends often follow predictable patterns that can help professionals across the corporate, nonprofit, government, and military sectors understand the global strategic environment.

Through the lenses of national security, global health, and economics, Sciubba demonstrates the pitfalls of taking population numbers at face value and extrapolating from there. Instead, she argues, we must look at the forces in a society that amplify demographic trends and the forces that dilute them, particularly political institutions, or the rules of the game. She shows that the most important skills in demographic analysis are naming and being aware of your preferences, rethinking assumptions, and asking the right questions.

Provocative and engrossing, 8 Billion and Counting: How Sex, Death, and Migration Shape Our World(W. W. Norton, 2022) is required reading for business leaders, policy makers, and anyone eager to anticipate political, economic, and social risks and opportunities. A deeper understanding of fertility, mortality, and migration promises to point toward the investments we need to make today to shape the future we want tomorrow.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Eli Friedman, "The Urbanization of People: The Politics of Development, Labor Markets, and Schooling in the Chinese City" (Columbia UP, 2022) Jun 20, 2022

Amid a vast influx of rural migrants into urban areas, China has allowed cities wide latitude in providing education and other social services. While millions of people have been welcomed into the megacities as a source of cheap labor, local governments have used various tools to limit their access to full citizenship.

The Urbanization of People: The Politics of Development, Labor Markets, and Schooling in the Chinese City (Columbia University Press, 2022) by Eli D. Friedman reveals how cities in China have granted public goods to the privileged while condemning poor and working-class migrants to insecurity, constant mobility, and degraded educational opportunities. Using the school as a lens on urban life, Eli Friedman investigates how the state manages flows of people into the city. He demonstrates that urban governments are providing quality public education to those who need it least: school admissions for nonlocals heavily favor families with high levels of economic and cultural capital. Those deemed not useful are left to enroll their children in precarious resource-starved private schools that sometimes are subjected to forced demolition. Over time, these populations are shunted away to smaller locales with inferior public services.

Based on extensive ethnographic research and hundreds of in-depth interviews, this interdisciplinary book details the policy framework that produces unequal outcomes as well as providing a fine-grained account of the life experiences of people drawn into the cities as workers but excluded as full citizens.

Michael O. Johnston, Ph.D. is Assistant Professor of Sociology at William Penn University. His most recent research, “The Queen and Her Royal Court: A Content Analysis of Doing Gender at a Tulip Queen Pageant,” was published in Gender Issues Journal. He researches culture, social identity, placemaking, and media representations of social life at festivals and celebrations. He is currently working on a book titled Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River. You can learn more about Dr. Johnston on his website, Google Scholar, on Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Matthew T. Huber, "Climate Change as Class War: Building Socialism on a Warming Planet" (Verso, 2022) Jun 17, 2022

The climate crisis is not primarily a problem of ‘believing science’ or individual ‘carbon footprints’ – it is a class problem rooted in who owns, controls and profits from material production. As such, it will take a class struggle to solve. In Climate Change as Class War: Building Socialism on a Warming Planet (Verso, 2022), Matthew T. Huber argues that the carbon-intensive capitalist class must be confronted for producing climate change. Yet, the narrow and unpopular roots of climate politics in the professional class is not capable of building a movement up to this challenge. For an alternative strategy, he proposes climate politics that appeals to the vast majority of society: the working class. Huber evaluates the Green New Deal as a first attempt to channel working class material and ecological interests and advocates building union power in the very energy system we need to dramatically transform. In the end, as in classical socialist movements of the early 20th Century, winning the climate struggle will need to be internationalist based on a form of planetary working class solidarity.

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Sergei Guriev and Daniel Treisman, "Spin Dictators: The Changing Face of Tyranny in the 21st Century" (Princeton UP, 2022) Jun 17, 2022

Hitler, Stalin, and Mao ruled through violence, fear, and ideology. But in recent decades a new breed of media-savvy strongmen has been redesigning authoritarian rule for a more sophisticated, globally connected world. In place of overt, mass repression, rulers such as Vladimir Putin, Recep Tayyip Erdogan, and Viktor Orbán control their citizens by distorting information and simulating democratic procedures. Like spin doctors in democracies, they spin the news to engineer support. Uncovering this new brand of authoritarianism, Sergei Guriev and Daniel Treisman explain the rise of such “spin dictators,” describing how they emerge and operate, the new threats they pose, and how democracies should respond.

Spin Dictators traces how leaders such as Singapore’s Lee Kuan Yew and Peru’s Alberto Fujimori pioneered less violent, more covert, and more effective methods of monopolizing power. They cultivated an image of competence, concealed censorship, and used democratic institutions to undermine democracy, all while increasing international engagement for financial and reputational benefits. The book reveals why most of today’s authoritarians are spin dictators—and how they differ from the remaining “fear dictators” such as Kim Jong-un and Bashar al-Assad.

Spin Dictators: The Changing Face of Tyranny in the 21st Century(Princeton UP, 2022) is aimed at a general audience, synthesizing a vast amount of qualitative and quantitative research by the authors and many other scholars. The book is highly readable, with a great mix of anecdotes and examples along with plain-English explanations of academic research findings. However, it also provides an excellent overview of contemporary global authoritarianism for academics. Almost every claim in the book has an endnote reference to the original research for those who want to follow up. The endnotes mean that despite its moderately intimidating 340-page heft, the main text is a very approachable 219 pages.

Daniel Treisman is a professor of political science at the University of California, Los Angeles and a research associate of the National Bureau of Economic Research. His research focuses on Russian politics and economics as well as comparative political economy, including in particular the analysis of democratization, the politics of authoritarian states, political decentralization, and corruption.

In 2021-22, he was a visiting fellow at Stanford University’s Center for Advanced Study in the Behavioral Sciences and he was recently named a 2022 Andrew Carnegie Fellow. A graduate of Oxford University (B.A. Hons.) and Harvard University (Ph.D. 1995), he has published five books and numerous articles in leading political science and economics journals including The American Political Science Review and The American Economic Review, as well as in public affairs journals such as Foreign Affairs and Foreign Policy. He has also served as a consultant for the World Bank, the European Bank for Reconstruction and Development, and USAID. In Russia, he has been a member of the International Advisory Committee of the Higher School of Economics and a member of the Jury of the National Prize in Applied Economics

Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His research focuses on the political economy and governance of China.

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Economics Jun 16, 2022

Matt Seybold talks about the development of economics as a discourse inside and outside the academy, its success in making itself felt to be the only discourse that can talk about resource management and distribution, and its many complicities with capitalism. The conversation ranges from the origins of economics in the concept of household management, to the possibilities of a utopian economics in the novels of Kim Stanley Robinson.

Matt Seybold is Associate Professor of American Literature & Mark Twain Studies at Elmira College, where he is also resident scholar at the Center For Mark Twain Studies, editor of MarkTwainStudies.org, and host of The American Vandal Podcast. He is co-editor, with Michelle Chihara, of The Routledge Companion to Literature & Economics (2018) and, with Gordon Hutner, of a 2019 special issue of American Literary History on “Economics & American Literary Studies in the New Gilded Age.” Other recent publications can be found in Aeon, American Studies, Henry James Review, Leviathan, Los Angeles Review of Books, and Mark Twain Annual.

Image: “New York Harbor from Brooklyn Bridge” The New York Public Library Digital Collections. 1850 – 1945.

Music used in promotional material: ‘Technical Difficulty Lullaby (Pigeon Song)’ by Monplaisir

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Michael Munger, "The Sharing Economy: Its Pitfalls and Promises" (Institute of Economic Affairs, 2021) Jun 15, 2022

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs.

Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.

Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power. He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy.

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R. John Aitken, "The Infertility Trap: Why Life Choices Impact your Fertility and Why We Must Act Now" (Cambridge UP, 2022) Jun 13, 2022

A potential crisis in human fertility is brewing. As societies become more affluent, they experience changes that have a dramatic impact on reproduction. As average family sizes fall, the selection pressure for high-fertility genes decreases; exacerbated by the IVF industry which allows infertility-linked genes to pass into the next generation. Male fertility rates are low, for many reasons including genetics and exposure to environmental toxins. So, a perfect storm of factors is contriving to drive fertility rates down at unprecedented rates. If we do not recognize the reality of our situation and react accordingly, an uncontrollable decline in population numbers is likely, which we'll be unable to reverse. R. John Aitken's book The Infertility Trap: Why Life Choices Impact your Fertility and Why We Must Act Now (Cambridge UP, 2022) addresses, in a unique and multi-faceted way, how the consequences of modern life affects fertility, so that we can consider behavioural, social, medical and environmental changes which could reduce the severity of what is about to come.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Deindustrialization Jun 13, 2022

Gabriel Winant talks with Kim about the decline of the industrial working class and the rise of the health care industry.

Gabriel is an assistant professor of History at the University of Chicago. His book, The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America, is recently out from Harvard University Press. You can read his recent article on the subject in The New York Times.

The Next Shift focuses on the working class in the American context and Pittsburgh in particular. In the full version of our conversation, Gabriel recommended Aaron Benanav’s book Automation and the Future of Work (Verso 2020), for an argument about the larger global economic structures of deindustrialization. He also talks a bit about James Boggs, as someone who was well positioned to notice the effects of deindustrialization. We found this article about Boggs worth reading.

The image for this episode is a photograph of the abandoned Detroit Public Schools Book Depository, taken by Thomas Hawk on 13 June 2010. The image is posted of Flickr under a creative commons attribution non-commercial license. Lauren Berlant describes gives this photograph as a bad image of neoliberalism, which allows our social theory to derive “its urgency and its reparative imaginary from spaces of catastrophe and risk where the exemplum represents structural failure” (“The Commons: Infrastructures for Troubling Times” Society and Space 34 no. 3 (2016) p.395). But I like it. Saronik modified the original image.

Music used in promotional material: ‘Shadow of a Coal Mine’ by Linda Draper

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Wake Smith, "Pandora's Toolbox: The Hopes and Hazards of Climate Intervention" (Cambridge UP, 2022) Jun 09, 2022

Reaching net zero emissions will not be the end of the climate struggle, but only the end of the beginning. For centuries thereafter, temperatures will remain elevated; climate damages will continue to accrue and sea levels will continue to rise. Even the urgent and utterly essential task of reaching net zero cannot be achieved rapidly by emissions reductions alone. To hasten net zero and minimize climate damages thereafter, we will also need massive carbon removal and storage. We may even need to reduce incoming solar radiation in order to lower unacceptably high temperatures. Such unproven and potentially risky climate interventions raise mind-blowing questions of governance and ethics.

Wake Smith's book Pandora's Toolbox: The Hopes and Hazards of Climate Intervention (Cambridge UP, 2022) offers readers an accessible and authoritative introduction to both the hopes and hazards of some of humanity's most controversial technologies, which may nevertheless provide the key to saving our world.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Mark Koyama and Jared Rubin, "How the World Became Rich: The Historical Origins of Economic Growth" (Polity, 2022) Jun 09, 2022

Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass?

In How the World Became Rich: The Historical Origins of Economic Growth(Polity, 2022), Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently-advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the USA, Canada, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may—or may not—develop.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Marco Grasso, "From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis" (MIT Press, 2022) Jun 08, 2022

In From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis(MIT Press, 2022), Marco Grasso examines the responsibility of the oil and gas industry for the climate crisis and develops a moral framework that lays out its duties of reparation and decarbonization to allay the harm it has done. By framing climate change as a moral issue and outlining the industry's obligation to tackle it, Grasso shows that Big Oil is a central, yet overlooked, agent of climate ethics and policy.

Grasso argues that by indiscriminately flooding the global economy with fossil fuels—while convincing the public that halting climate change is a matter of consumer choice, that fossil fuels are synonymous with energy, and that a decarbonized world would take civilization back to the Stone Age—Big Oil is morally responsible for the climate crisis. He explains that it has managed to avoid being held financially accountable for past harm and that its duty of reparation has never been theoretically developed or justified. With this book, he fills those gaps. After making the moral case for climate reparations and their implementation, Grasso develops Big Oil's duty of decarbonization, which entails its transformation into Big Green by phasing out carbon emissions from its processes and, especially, its products.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Matthew Ricketson and Patrick Mullins, "Who Needs the ABC?: How Digital Disruption and Political Dysfunction Threaten the Australian Broadcasting Corporation's Existence" (Scribe, 2022) Jun 08, 2022

Hello media fans - The ABC is Australia's public broadcaster, for TV, digital and radio. Think BBC and CBC and NPR.

Who Needs the ABC?: How Digital Disruption and Political Dysfunction Threaten the Australian Broadcasting Corporation's Existence (Scribe, 2022) by Matthew Ricketson and Patrick Mullins (Scribe 2022), charts how, in its 90th year, the best-trusted news organisation in Australia arrived at its current plight: doing the most it ever has, with less than it needs, under a barrage of constant criticism.

This book examines the profound changes that have swept through the Australian media, technology, and political landscapes in the past decade, and explores the tense relationship between the ABC and governments of both stripes over the last 40 years. It dispels any complacency about the ABC’s future by charting the very real threat now posed by the Liberal– National Party coalition, and the damage that it has done to the ABC while in office.

Who Needs the ABC? identifies the vital role that the ABC plays in Australia today: in its award-winning journalism, in its vast array of cultural programming on television, on radio, and online, and in the comprehensive service it provides to people across the country.

At a time when the truth has to vie with obfuscation and misinformation, this book offers a rejoinder to the ABC’s critics, points to solutions that will see the ABC thrive, and answers the question posed here: Who Needs the ABC? We all do.

Bede Haines is a solicitor, specialising in litigation and a partner at Holding Redlich, an Australian commercial law firm. He lives in Sydney, Australia. Known to read books, ride bikes and eat cereal (often). bede.haines@holdingredlich.com

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Ioana Florea et al., "Contemporary Housing Struggles: A Structural Field of Contention Approach" (Palgrave Macmillan, 2022) Jun 07, 2022

Contemporary Housing Struggles: A Structural Field of Contention Approach (Palgrave Macmillan, 2022) provides a comparative study of housing contention in Budapest and Bucharest in 2008-2021. The financialization of housing and the resulting inequalities, expulsions and social contention are a central characteristic of today’s capitalist crisis. These two East European cities that fall outside the usual focus of urban movements research provide an illuminating case of similar structural conditions governed by different political constellations at the national and local scales. Instead of searching for unilinear narratives connecting structural tensions to politicized claims, the book offers an in-depth contextual analysis of multiple forms of contention, their (often unintentional) interactions, and their broader political-structural background, including tensions surrounded by political silence. The authors analyze the two cases and their comparative lessons through what they propose as a “structural field of contention” approach to the multiple, interconnected ways in which structural tensions become (or not) politicized in today’s social movements. The book will appeal to everyone interested in today’s urban tensions and social movements.

Anna Zhelnina holds a Ph.D. in Sociology and is a postdoctoral fellow at the University of Helsinki. To learn more, visit her website or follow Anna on Twitter.

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Robin Goldstein and Daniel Sumner, "Can Legal Weed Win?: The Blunt Realities of Cannabis Economics" (U California Press, 2022) Jun 07, 2022

Cannabis "legalization" hasn't lived up to the hype. Across North America, investors are reeling, tax collections are below projections, and people are pointing fingers. On the business side, companies have shut down, farms have failed, workers have lost their jobs, and consumers face high prices. Why has legal weed failed to deliver on many of its promises? Can Legal Weed Win?: The Blunt Realities of Cannabis Economics(U California Press, 2022) takes on the euphoric claims with straight dope and a full dose of economic reality.

This book delivers the unadulterated facts about the new legal segment of one of the world's oldest industries. In witty, accessible prose, economists Robin Goldstein and Daniel Sumner take readers on a whirlwind tour of the economic past, present, and future of legal and illegal weed. Drawing upon reams of data and their own experience working with California cannabis regulators since 2016, Goldstein and Sumner explain why many cannabis businesses and some aspects of legalization fail to measure up, while others occasionally get it right. Their stories stretch from before America's first medical weed dispensaries opened in 1996 through the short-term boom in legal consumption that happened during COVID-19 lockdowns. Can Legal Weed Win? is packed with unexpected insights about how cannabis markets can thrive, how regulators get the laws right or wrong, and what might happen to legal and illegal markets going forward.

Robin Goldstein is an economist and author of The Wine Trials, a controversial exposé of wine snobbery that has become the world’s best-selling guide to cheap wine. Daniel Sumner is Frank H Buck, Jr. Distinguished Professor of Agriculture and Resource Economics at the University of California, Davis. Together they take readers on a tour of the economics of legal and illegal weed, showing where cannabis regulation has gone wrong and how it could do better.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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Gernot Wagner, "Geoengineering: The Gamble" (Polity, 2021) Jun 07, 2022

Stabilizing the world's climates means cutting carbon dioxide pollution. There's no way around it. But what if that's not enough? What if it's too difficult to accomplish in the time allotted or, worse, what if it's so late in the game that even cutting carbon emissions to zero, tomorrow, wouldn't do?

Enter solar geoengineering. The principle is simple: attempt to cool Earth by reflecting more sunlight back into space. The primary mechanism, shooting particles into the upper atmosphere, implies more pollution, not less. If that doesn't sound scary, it should. There are lots of risks, unknowns, and unknowables.

In Geoengineering: The Gamble(Polity, 2021), climate economist Gernot Wagner provides a balanced take on the possible benefits and all-too-real risks, especially the so-called "moral hazard" that researching or even just discussing (solar) geoengineering would undermine the push to cut carbon emissions in the first place. Despite those risks, he argues, solar geoengineering may only be a matter of time. Not if, but when.

As the founding executive director of Harvard's Solar Geoengineering Research Program, Wagner explores scenarios of a geoengineered future, offering an inside-view of the research already under way and the actions the world must take to guide it in a productive direction.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Erich Schwartzel, "Red Carpet: Hollywood, China, and the Global Battle for Cultural Supremacy" (Penguin, 2022) Jun 06, 2022

From trade to technology to military might, competition between the United States and China dominates the foreign policy landscape. But this battle for global influence is also playing out in a strange and unexpected arena: the movies.

The film industry, Wall Street Journal reporter Erich Schwartzel explains, is the latest battleground in the tense and complex rivalry between these two world powers. In recent decades, as China has grown into a giant of the international economy, it has become a crucial source of revenue for the American film industry. Hollywood studios are now bending over backward to make movies that will appeal to China’s citizens—and gain approval from severe Communist Party censors. At the same time, and with America’s unwitting help, China has built its own film industry into an essential arm of its plan to export its national agenda to the rest of the world. The competition between these two movie businesses is a Cold War for this century, a clash that determines whether democratic or authoritarian values will be broadcast most powerfully around the world.

Red Carpet: Hollywood, China, and the Global Battle for Cultural Supremacy (Penguin, 2022) is packed with memorable characters who have—knowingly or otherwise—played key roles in this tangled industry web: not only A-list stars like Matt Damon, Angelina Jolie, and Richard Gere but also eccentric Chinese billionaires, zany expatriate filmmakers, and starlets who disappear from public life without explanation or trace. Schwartzel combines original reporting, political history, and show-biz intrigue in an exhilarating tour of global entertainment, from propaganda film sets in Beijing to the boardrooms of Hollywood studios to the living rooms in Kenya where families decide whether to watch an American or Chinese movie. Alarming, occasionally absurd, and wildly entertaining, Red Carpet will not only alter the way we watch movies but also offer essential new perspective on the power struggle of this century.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il

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Andrew Shortland and Patrick Degryse, "When Art Isn’t Real: The World's Most Controversial Objects under Investigation" (Leuven UP, 2022) Jun 03, 2022

In When Art Isn’t Real: The World's Most Controversial Objects under Investigation (Leuven University Press, 2022), Dr. Andrew Shortland and Dr. Patrick Degryse examine how an initially valueless object becomes worth hundreds of millions. And vice versa.

The art world is a multi-billion-dollar industry which captures world headlines on a regular basis, for both good and bad reasons. This book deals with one of the most-discussed areas of controversy: high-profile objects that have experts arguing about their veracity. Some may have been looted, others may be fakes, some may be heavily restored or misattributed. Often, in these cases, analytical science is called on to settle a dispute.

The authors of this book have decades of experience in this field, working on a range of objects dating from prehistory to the twentieth century. They present seven of the most famous cases from the Getty Kouros to the Turin Shroud – some of which are still contested, and examine how a few words from a connoisseur or scientist can make a virtually valueless object worth hundreds of millions. And vice versa.

“We want to give readers some feel for the people involved. A feel for those period or material experts who give their opinion on an object’s validity from its looks, feel, even smell. A feel for the analysts, who employ their sicnetific equipment to the object and give their opinion from the numbers and pictures that are derived from them. A feel for the experts working with, in parallel with, and occasionally against each other.”

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

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Richard Chataway, "The Behaviour Business: How to Apply Behavioural Science for Business Success" (Harriman House, 2020) Jun 02, 2022

Today I talked to Richard Chataway about his book The Behaviour Business: How to Apply Behavioural Science for Business Success (Harriman House, 2020).

Ever seen the TED talk video on Youtube where Capuchin monkeys get enraged when some receive cucumbers and other monkeys more delicious grapes for completing the same task? Welcome to the inequality basis, whereby a lack of fairness drives all of us crazy. Whether it’s a matter of employees getting different pay for the same job, or consumers feeling like some people get better deals than others, feelings of injustice or disappointment or pride---you name it—drive our behavior. How often is what people say and how they feel and behave identical? Not especially, says my guest this week. Indeed, Richard Chataway would estimate that verbal input might at best get you 50% of the way to understanding how somebody might behave in actuality. Other topics covered in this episode include why inspiring disgust helped an anti-smoking campaign do so well and how Hilton Hotels leveraged the use of the Big Five personality model to increase clicks and shares online.

Richard Chataway is the CEO of BVA Nudge Consulting UK and the founder of the Communication Science Group. Clients have included: Lloyds Banking Group, Google, and IKEA. He’s also a former board member of the Association of Business Psychology in the UK.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Rob Dunn, "A Natural History of the Future: What the Laws of Biology Tell Us about the Destiny of the Human Species" (Basic Book, 2021) Jun 02, 2022

Our species has amassed unprecedented knowledge of nature, which we have tried to use to seize control of life and bend the planet to our will. In A Natural History of the Future: What the Laws of Biology Tell Us about the Destiny of the Human Species(Basic Book, 2021), biologist Rob Dunn argues that such efforts are futile. We may see ourselves as life's overlords, but we are instead at its mercy. In the evolution of antibiotic resistance, the power of natural selection to create biodiversity, and even the surprising life of the London Underground, Dunn finds laws of life that no human activity can annul. When we create artificial islands of crops, dump toxic waste, or build communities, we provide new materials for old laws to shape. Life's future flourishing is not in question. Ours is.

As ambitious as Edward Wilson's Sociobiology and as timely as Elizabeth Kolbert's The Sixth Extinction, A Natural History of the Future sets a new standard for understanding the diversity and destiny of life itself.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Laura Clancy, "Running the Family Firm: How the Monarchy Manages Its Image and Our Money" (Manchester UP, 2021) Jun 02, 2022

Why does the monarchy matter? In Running the Family Firm: How the Monarchy Manages Its Image and Our Money (Manchester UP, 2021), Laura Clancy, a Lecturer in Media and Lancaster University, considers the British monarchy in the context of contemporary financialised capitalism, exposing the tensions and contradictions between the public face of royalty and the reality of the infrastructures, labour relations, financial arrangements, and political economies of Britain’s ‘family firm’. The book uses a huge range of examples, from the monarchy’s role in politics and public life, through to the personalities that drive much media coverage. Rich with detailed case studies and analysis, the book is essential reading across the social sciences and humanities, as well as for anyone interested in understanding how power and elites function in Britain today.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Andrew Leon Hanna, "25 Million Sparks: The Untold Story of Refugee Entrepreneurs" (Cambridge UP, 2022) Jun 01, 2022

Andrew Leon Hanna's book 25 Million Sparks: The Untold Story of Refugee Entrepreneurs(Cambridge UP, 2022) takes readers inside the Za'atari refugee camp to follow the stories of three courageous Syrian women entrepreneurs: Yasmina, a wedding shop and salon owner creating moments of celebration; Malak, a young artist infusing color and beauty throughout the camp; and Asma, a social entrepreneur leading a storytelling initiative to enrich children's lives. Anchored by these three inspiring stories, as well as accompanying artwork and poetry by Malak and Asma, the narrative expands beyond Za'atari to explore the broader refugee entrepreneurship phenomenon in more than twenty camps and cities across the globe. What emerges is a tale of power, determination, and dignity - of igniting the brightest sparks of joy, even when the rest of the world sees only the darkness. A significant portion of the author's proceeds from this book is being contributed to support refugee entrepreneurs in Za'atari and around the world.

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Rajesh Veeraraghavan, "Patching Development: Information Politics and Social Change in India" (Oxford UP, 2021) May 31, 2022

How can development programs deliver benefits to marginalized citizens in ways that expand their rights and freedoms? Political will and good policy design are critical but often insufficient due to resistance from entrenched local power systems.

Rajesh Veeraraghavan's book Patching Development: Information Politics and Social Change in India (Oxford UP, 2021) is an ethnography of one of the largest development programs in the world, the Indian National Rural Employment Guarantee Act (NREGA), and examines in detail NREGA’s implementation in the South Indian state of Andhra Pradesh. It finds that the local system of power is extremely difficult to transform, not because of inertia, but because of coercive counter-strategy from actors at the last mile and their ability to exploit information asymmetries. Upper-level NREGA bureaucrats in Andhra Pradesh do not possess the capacity to change the power axis through direct confrontation with local elites, but instead have relied on a continuous series of responses that react to local implementation and information, a process of patching development. Patching development is a top-down, fine-grained, iterative socio-technical process that makes local information about implementation visible through technology and enlists participation from marginalized citizens through social audits. These processes are neither neat nor orderly and have led to a contentious sphere where the exercise of power over documents, institutions, and technology is intricate, fluid, and highly situated. The book throws new light on the challenges and benefits of using information and technology in novel ways to implement development programs. While focused on one Indian state, the implications for increasing citizen participation and government transparency have global relevance.

Sneha Annavarapu is Assistant Professor of Urban Studies at Yale-NUS College.

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Pierre Penet and Juan Flores Zendejas, "Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony" (Oxford UP. 2021) May 31, 2022

Pierre Penet and Juan Flores Zendejas' book Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony(Oxford UP. 2021) aims to revisit the meaning of sovereign debt in relation to colonial history and postcolonial developments. It offers three main contributions. The first contribution is historical. The volume historicizes a research field that has so far focused primarily on the post-1980 years. A focus on colonial debt from the 19th century building of colonial empires to the decolonization era in the 1960s-70s fills an important gap in recent debt historiographies. Economic historians have engaged with colonialism only reluctantly or en passant, giving credence to the idea that colonialism is not a development that deserves to be treated on its own. This has led to suboptimal developments in recent scholarship.

The second contribution adds a 'law and society' dimension to studies of debt. The analytical payoff of the exercise is to capture the current developments and functional limits of debt contracting and adjudication in relation to the long-term political and sociological dynamics of sovereignty. Finally, Sovereign Debt Diplomacies imports insights from, and contributes to the body of research currently developed in the Humanities under the label 'colonial and postcolonial studies'. The emphasis on 'history from below' and focus on 'subaltern agency' usefully complement the traditional elite-perspective on financial imperialism favored by the British school of empire history.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Paul Morland, "Tomorrow's People: The Future of Humanity in Ten Numbers" (Picador, 2022) May 25, 2022

The great forces of population change – the balance of births, deaths and migrations – have made the world what it is today. They have determined which countries are superpowers and which languish in relative obscurity, which economies top the international league tables and which are at best also-rans.

The same forces that have shaped our past and present are shaping our future. Illustrating this through ten illuminating indicators, from the fertility rate in Singapore (one) to the median age in Catalonia (forty-three), Paul Morland shows how demography is both a powerful and an under-appreciated lens through which to view the global transformations that are currently underway.

Tomorrow's People: The Future of Humanity in Ten Numbers(Picador, 2022) ranges from the countries of West Africa where the tendency towards large families is combining with falling infant mortality to create the greatest population explosion ever witnessed, to the countries of East Asia and Southern Europe where generations of low birth-rate and rising life expectancy are creating the oldest populations in history. Morland explores the geographical movements of peoples that are already under way – portents for still larger migrations ahead – which are radically changing the cultural, ethnic and religious composition of many societies across the globe, and in their turn creating political reaction that can be observed from Brexit to the rise of Donald Trump. Finally, he looks at the two underlying motors of change – remarkable rises in levels of education and burgeoning food production – which have made all these epochal developments possible.

Tomorrow’s People provides a fascinating, illuminating and thought-provoking tour of an emerging new world. Nobody who wants to understand that world should be without it.

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The Future of Neoliberalism: A Conversation with Gary Gerstle May 24, 2022

The word neoliberalism is often used more as an insult than a description of a set of beliefs. And people can be rather hazy about the beliefs it refers to – although the mix generally includes free markets, privatisation and globalisation and high levels of inequality. In his book The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era (Oxford UP, 2022), Professor Gary Gerstle of Cambridge University charts how both rightists and leftists embraced neo liberal ideas which prevailed for some three decades until they were challenged by the populist ethno nationalism of Trump and his imitators. But can ethnonationalism prevail? Professor Gerstle argues its too soon to say whether ethnonationalism will become the new post neoliberal orthodoxy

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Ran Abramitzky and Leah Boustan, "Streets of Gold: America's Untold Story of Immigrant Success" (Public Affairs, 2022) May 18, 2022

Immigration is one of the most fraught, and possibly most misunderstood, topics in American social discourse—yet, in most cases, the things we believe about immigration are based largely on myth, not facts. Using the tools of modern data analysis and ten years of pioneering research, Streets of Gold: America's Untold Story of Immigrant Success (Public Affairs, 2022) provides new evidence about the past and present of the American Dream, debunking myths fostered by political opportunism and sentimentalized in family histories. They make a powerful case for four key facts:

Children of immigrants from nearly every country, especially those of poor immigrants, do better economically than children of U.S.-born residents.
Immigrants accused of lack of assimilation (such as Mexicans today and the Irish in the past) actually assimilate fastest.
Immigration changes the economy in unexpected positive ways and staves off the economic decline that is the consequence of an aging population.
Closing the door to immigrants harms the economic prospects of the U.S.-born—the people politicians are trying to protect.

Using powerful story-telling and unprecedented research employing big data and algorithms, interviewee Leah Boustan and her co-author Ran Abramitzky are like dedicated family genealogists but millions of times over. They provide a new take on American history with surprising results, especially how comparable the “golden era” of immigration is to today, and why many current policy proposals are so misguided.

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The Future of Human Fertility: A Conversation with R. John Aitken May 17, 2022

Human fertility rates are declining fast and in twenty years or so the global population will go down fast – not just in affluent countries but in the world as a whole. While many may welcome that outcome, Professor John Aitken who has just written The Infertility Trap: Why Life Choices Impact Your Fertility and Why We Must Act Now (Cambridge UP, 2022), argues that a rapid fall in the numbers of people on earth could cause havoc.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Thomas Piketty, "A Brief History of Equality" (Harvard UP, 2022) May 16, 2022

It's easy to be pessimistic about inequality. We know it has increased dramatically in many parts of the world over the past two generations. No one has done more to reveal the problem than Thomas Piketty. Now, in this surprising and powerful new work, Piketty reminds us that the grand sweep of history gives us reasons to be optimistic. Over the centuries, he shows, we have been moving toward greater equality.

In A Brief History of Equality (Harvard UP, 2022), Piketty guides us with elegance and concision through the great movements that have made the modern world for better and worse: the growth of capitalism, revolutions, imperialism, slavery, wars, and the building of the welfare state. It's a history of violence and social struggle, punctuated by regression and disaster. But through it all, Piketty shows, human societies have moved fitfully toward a more just distribution of income and assets, a reduction of racial and gender inequalities, and greater access to health care, education, and the rights of citizenship. Our rough march forward is political and ideological, an endless fight against injustice. To keep moving, Piketty argues, we need to learn and commit to what works, to institutional, legal, social, fiscal, and educational systems that can make equality a lasting reality. At the same time, we need to resist historical amnesia and the temptations of cultural separatism and intellectual compartmentalization. At stake is the quality of life for billions of people. We know we can do better, Piketty concludes. The past shows us how. The future is up to us.

Javier Mejia is a Postdoctoral Research Fellow at the Political Science Department at Stanford University.

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Simon Peter Rowberry, "Four Shades of Gray: The Amazon Kindle Platform" (MIT Press, 2022) May 15, 2022

Four Shades of Gray: The Amazon Kindle Platform(MIT Press, 2022) is the first book-length analysis of Amazon's Kindle explores the platform's technological, bibliographical, and social impact on publishing.

Dr. Simon Peter Rowberry recounts how Amazon built the infrastructure for a new generation of digital publications, then considers the consequences of having a single company control the direction of the publishing industry. Exploring the platform from the perspectives of technology, texts, and uses, he shows how the Kindle challenges traditional notions of platforms as discrete entities. Dr. Rowberry argues that Amazon's influence extends beyond “disruptive technology” to embed itself in all aspects of the publishing trade; yet despite industry pushback, he says, the Kindle has had a positive influence on publishing.

Dr. Rowberry documents the first decade of the Kindle with case studies of Kindle Popular Highlights, an account of the digitization of books published after 1922, and a discussion of how Amazon's patent filings reflect a shift in priorities. Rowberry argues that while it was initially convenient for the book trade to outsource ebook development to Amazon, doing so has had adverse consequences for publishers in the mid- and long term, limiting opportunities for developing an inclusive and forward-thinking digital platform. While it has forced publishers to embrace digital forms, the Kindle has also empowered some previously marginalized readerships. Although it is still too early to judge the long-term impact of ebooks compared with that of the older technologies of clay tablets, the printing press, and offset printing, the shockwaves of the Kindle continue to shape publishing.

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

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Sam Tatam, "Evolutionary Ideas: Unlocking Ancient Innovation to Solve Tomorrow's Challenges" (Harriman House, 2022) May 11, 2022

When faced with new challenges, it’s easy to feel our solutions need to be equally unprecedented. We think we need a revolution. But what if this is a big mistake?

In Evolutionary Ideas, Sam Tatam shows how behavioral science and evolutionary psychology can help us solve tomorrow’s challenges, not by divining something the world has never seen, but by borrowing from yesterday’s solutions – often in the most unexpected ways.

Just as millions of years of evolution have helped craft the wing and dorsal fin, thousands of engineers, designers, marketers, and advertisers have toiled to solve many of the problems you face today. Over time, through intent, design, social learning and sheer luck, we have found what works.

Armed with an enhanced ability to see these patterns in human innovation, we can now systematically approach the creative process to develop more effective ideas more readily and rapidly.

Sam Tatam's book Evolutionary Ideas: Unlocking Ancient Innovation to Solve Tomorrow's Challenges (Harriman House, 2022) explores five of the most critical challenges we face today, and we learn how to ‘breed’ more effective solutions from those that have survived. The result is a dynamic and exciting way of solving problems and supercharging creativity – for anyone in any endeavor.

John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma. john@ktdpod.com.

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The Problem with Museums: A Conversation with Georgina Adam and Nizan Shaked May 10, 2022

In the past few years, museums of contemporary art have come under a fair deal of scrutiny. Pressures from groups such as Decoloinise This Space or the oxycontin scandal have forced changes to the governance of some of the world’s best-known institutions. At the same time, the work of journalists and museum scholars has revealed that the relationships between trustees, curators, collections, and the public are often far more complex than the narratives of public benefit and private value would have us believe.

Nizan Shaked’s Museums and Wealth: The Politics of Contemporary Art Collections (Bloomsbury, 2022) is a critical analysis of contemporary art collections and the value form. In the United States, institutions administered by the nonprofit system have an ambiguous status as they are neither entirely private nor fully public. Among nonprofits, the museum is unique as it is the only institution where trustees tend to collect the same objects they hold in ‘public trust’ on behalf of the nation. Shaked argues that the public serves as an alibi for establishing the symbolic value of art, which sustains its monetary value and its markets.

In The Rise and Rise of the Private Art Museum (Lund Humphries, 2022), Adam tracks the phenomenon of the collector’s museum in the 21st century. There are some 400 private art museums around the world, and an astonishing 70% of those devoted to contemporary art were founded in the past 20 years. Although private museums have been accused of being tax-evading vanity projects or ‘tombs for trophies’, the picture is complex and nuanced. Private museums can add greatly to the cultural life of a community, giving a platform to emerging artists, supplying educational programmes and revitalising declining or neglected regions. But their relationship with public institutions can also be problematic.

Are museums purely public affairs? How do private collections serve the greater good? What happens when these missions become confused? Georgina Adam and Nizan Shaked speak to Pierre d’Alancaisez about the 500-year history and the recent rise of the private art museum and consider if even public museums are, in the end, private.

Georgina Adam is a journalist specialising in the art market. She writes for the Financial Times and The Art Newspaper. She is the author of Big Bucks and The Dark Side of the Boom.

Nizan Shaked is a professor of Contemporary Art History, Museum and Curatorial Studies at California State University Long Beach. She is the author of The Synthetic Proposition: Conceptualism and the Political Referent in Contemporary Art.

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Jeff D. Colgan, "Partial Hegemony: Oil Politics and International Order" (Oxford UP, 2021) May 10, 2022

When and why does international order change? The largest peaceful transfer of wealth across borders in all of human history began with the oil crisis of 1973. OPEC countries turned the tables on the most powerful businesses on the planet, quadrupling the price of oil and shifting the global distribution of profits. It represented a huge shift in international order. Yet, the textbook explanation for how world politics works-that the most powerful country sets up and sustains the rules of international order after winning a major war-doesn't fit these events, or plenty of others.

Instead of thinking of the international order as a single thing, Jeff Colgan explains how it operates in parts, and often changes in peacetime. Partial Hegemony: Oil Politics and International Order (Oxford University Press, 2021) offers lessons for leaders and analysts seeking to design new international governing arrangements to manage an array of pressing concerns ranging from US-China rivalry to climate change, and from nuclear proliferation to peacekeeping. A major contribution to international relations theory, this book promises to reshape our understanding of the forces driving change in world politics.

Jeff D. Colgan is Richard Holbrooke Associate Professor of Political Science at Brown University and the Watson Institute of International and Public Affairs. He is also author of Petro-Aggression: When Oil Causes War.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Sangeet Kumar, "The Digital Frontier: Infrastructures of Control on the Global Web" (Indiana UP, 2021) May 10, 2022

In The Digital Frontier: Infrastructures of Control on the Global Web (Indiana University Press, 2021), Sangeet Kumar interrogates the world wide web and the digital ecosystem has spawned to reveal how its conventions, protocols, standards, and algorithmic regulations represent a novel form of global power. Kumar shows the operation of this power through the web's "infrastructures of control" visible at sites where the universalizing imperatives of the web run up against local values, norms, and cultures. These include how the idea of the "global common good" is used as a ruse by digital oligopolies to expand their private enclosures, how seemingly collaborative spaces can simultaneously be exclusionary as they regulate legitimate knowledge, how selfhood is being redefined online along with Eurocentric ideals, and how the web's political challenge is felt differentially by sovereign nation-states.

In analysing this new modality of cultural power in the global digital ecosystem, The Digital Frontier is an important read for scholars, activists, academics and students inspired by the utopian dream of a truly representative global digital network.

Rituparna Patgiri, PhD is an Assistant Professor of Sociology at Indraprastha College for Women, University of Delhi. She has a PhD in Sociology from Jawaharlal Nehru University (JNU), New Delhi. Her research interests lie in the areas of food, media, gender and the public. She is also one of the co-founders of Doing Sociology. Patgiri can be reached at @Rituparna37 on Twitter.

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Emily West, "Buy Now: How Amazon Branded Convenience and Normalized Monopoly" (MIT Press, 2022) May 09, 2022

How Amazon combined branding and relationship marketing with massive distribution infrastructure to become the ultimate service brand in the digital economy. Amazon is ubiquitous in our daily lives—we stream movies and television on Amazon Prime Video, converse with Alexa, receive messages on our smartphone about the progress of our latest orders. In Buy Now: How Amazon Branded Convenience and Normalized Monopoly (MIT Press, 2022), Emily West examines Amazon's consumer-facing services to investigate how Amazon as a brand grew so quickly and inserted itself into so many aspects of our lives even as it faded into the background, becoming a sort of infrastructure that can be taken for granted. Amazon promotes the comfort and care of its customers (but not its workers) to become the ultimate service brand in the digital economy.

Noopur Raval is a postdoctoral researcher working at the intersection of Information Studies, STS, Media Studies and Anthropology

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Geoff Pigman, "Negotiating Our Economic Future: Trade, Technology, and Diplomacy" (Agenda Publishing, 2020) May 09, 2022

Trade and diplomacy are instrumental to how the modern world works, but trade and diplomatic wars and broader tensions threaten global peace and prosperity. At the root of this crisis, argues Geoffrey Pigman, is accelerating technological change. Negotiating Our Economic Future: Trade, Technology, and Diplomacy (Agenda Publishing, 2020) traces the impact of today's major technological transformations on global trade and the diplomacy that makes trade possible.

In this podcast, Geoff speaks to our host, Leo, about three big topics: how trade and diplomacy works, how technology is changing this, and how trade and diplomacy can help us mitigate today’s big challenges, including climate change and artificial intelligence. We discuss how trade and diplomacy affect each other, and how technology is making that relationship both increasingly significant and increasingly complex. Technology is augmenting companies to the size of nations, digital assets in data and software obscure true trading relationships, and all whilst the nations of the world are required to collaborate on climate change and artificial intelligence to secure a peaceful and prosperous future.

Visit Leo's blog at empoweredbelonging.substack.com to read his overview of the book and participate in the discussion, whilst you can find Geoff Pigman on Twitter to receive a FREE copy of the book. Leo Nasskau writes about how leadership can build societies for the 21st century and would love to hear your feedback about the podcast at bit.ly/Feedback-Leo.

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Forced Labor and Human Trafficking in the Fishing Industry May 05, 2022

Forced labor and human trafficking in fisheries, albeit present in most parts of the world, have gone unnoticed for many years. Fishers at sea are out of sight for a long time, living in difficult and often inhumane conditions.

But this problem does not affect just fishers: it is much more layered than we think and can impact most of our lives. How, exactly?

Prof. Vasco Becker-Weinberg from the Universidade Nova de Lisboa, Portugal, and author of “Time to Get Serious about Combating Forced Labour and Human Trafficking in Fisheries,” explains further, in the fourth episode of our new themed series In Chains.

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Emma Bridger and Belinda Gannaway, "Employee Experience by Design" (Kogan Page, 2021) May 05, 2022

Today I talked to Belinda Gannaway, co-author (with Emma Bridger) about her book Employee Experience by Design: How to Create an Effective EX for Competitive Advantage(Kogan Page, 2021).

Covid-19 has drastically changed the workplace, causing “essential workers” to contemplate what they essentially want from their jobs over and above decent pay and benefits. High on such a list of priorities is gaining greater autonomy, an opportunity to learn and to achieve a sense of purpose on the job. Cast aside as my guest this week indicates are myths that the employee experience (EX) is about perks, that HR “owns it” alone, that attracting and retaining employees covers the bases so far as EX is concerned, and that EX applies only to privileged, high-end employees working remotely as opposed to on the frontlines or in warehouses. No, EX can’t wait because EX is happening everyday – whether in good, bad or ugly ways. Hear Belinda Gannaway talk about the need to democratize the workplace and you’re sure to come away impressed by her commitment and knowledge.

Belinda Gannaway is a director at the employee experience consultancy Fathom XP. Her fascination with organizational culture began when she was a journalist working in the U.K. Houses of Parliament.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Paul Darby et al., "African Football Migration: Aspirations, Experiences and Trajectories" (Manchester UP, 2022) May 04, 2022

The global success of football icons like Samuel Eto'o, Didier Drogba and Mohamed Salah has fuelled the migratory projects of countless young men across the African continent who dream of following - literally and figuratively - in their footsteps. Drawing on over a decade of ethnographic research, African Football Migration: Aspirations, Experiences and Trajectories(Manchester University Press, 2022) captures and chronicles the aspirations, experiences and trajectories of those pursuing this highly prized form of transnational migration. In doing so, the book’s three authors Dr. Paul Darby, Dr. James Esson, and Dr. Christian Ungruhe uncover and trace the myriad actors, networks and institutions that affect the ability of young people across the continent to realise social mobility through football's global production network.

The book sheds critical light on the barriers to social mobility erected by neoliberal capitalism, and how these are negotiated by aspiring African footballers. It also generates original interdisciplinary perspectives on the complex interplay between structural forces and human agency, as young players navigate an industry rife with commercial speculation. While a select few reach the elite levels of the game and build a successful career overseas, the book vividly illustrates how for the vast majority, 'trying their luck' through football results in involuntary immobility in post-colonial Africa. These findings are complemented by rare empirical insights from transnational African migrants at the margins of the global football industry and those navigating precarious retirement from careers as players.

African Football Migration offers essential coverage of why and how African youth and young men have become actors in the global football industry, revealing the complex implications of transnational mobility, both imagined and enacted.

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

Unfortunately, Dr. Christian Ungruhe was unable to join this interview.

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Mark Sirower and Jeff Weirens, "The Synergy Solution: How Companies Win the Mergers and Acquisitions Game" (HBRP, 2022) Apr 28, 2022

Today I talked to Mark L. Sirower about his book (co-authored with Jeff Weirens) The Synergy Solution: How Companies Win the Mergers and Acquisitions Game (HBP, 2022).

First impressions really do matter, and the M&A deals that receive a positive reaction on Announcement Day tend to outperform, over time, those deals where due diligence wasn’t practiced up front. Indeed, as this episode’s guest, Mark Sirower, notes, in two-thirds of cases a negative initial reception is a sign that the deal will never gain momentum. What leads to success? Among the key elements is focusing on the employee experience. Smart companies get “ahead of the pain” by acknowledging that workers have moved from the highest rung of Maslow’s Hierarchy of Needs (self-realization) to fearing for their material well-being, their security, i.e., the lowest, most basic rung of the ladder. In short, at a time of vast, globalized M&A deal-making, EQ has never been more important as companies navigate the emotional earthquake most employees are going to experience.

Mark L. Sirower is a leader in Deloitte’s M&A and Restructuring practice and was, previously, a global M&A leader at the Boston Consulting Group. He teaches M&A at the NYU Stern School of Business and has also authored The Synergy Trap.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Emily Klancher Merchant, "Building the Population Bomb" (Oxford UP, 2021) Apr 28, 2022

Across the twentieth century, Earth's human population increased undeniably quickly, rising from 1.6 billion people in 1900 to 6.1 billion in 2000. As population grew, it also began to take the blame for some of the world's most serious problems, from global poverty to environmental degradation, and became an object of intervention for governments and nongovernmental organizations. But the links between population, poverty, and pollution were neither obvious nor uncontested.

Building the Population Bomb (Oxford University Press, 2021) by Emily Klancher Merchant tells the story of the twentieth-century population crisis by examining how scientists, philanthropists, and governments across the globe came to define the rise of the world's human numbers as a problem. It narrates the history of demography and population control in the twentieth century, examining alliances and rivalries between natural scientists concerned about the depletion of the world's natural resources, social scientists concerned about a bifurcated global economy, philanthropists aiming to preserve American political and economic hegemony, and heads of state in the Global South seeking rapid economic development. It explains how these groups forged a consensus that promoted fertility limitation at the expense of women, people of color, the world's poor, and the Earth itself.

As the world's population continues to grow—with the United Nations projecting 11 billion people by the year 2100—Building the Population Bomb steps back from the conventional population debate to demonstrate that our anxieties about future population growth are not obvious but learned. Ultimately, this critical volume shows how population growth itself is not a barrier to economic, environmental, or reproductive justice; rather, it is our anxiety over population growth that distracts us from the pursuit of these urgent goals.

Nicole Bourbonnais is Associate Professor of International History and Politics and Co-Director of the Gender Centre at the Graduate Institute of International and Development Studies in Geneva, Switzerland. Her research explores reproductive politics and practice from a transnational, historical perspective. Profile here: https://www.graduateinstitute....

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Larry E. Swedroe and Samuel C. Adams, "Your Essential Guide to Sustainable Investing" (Harriman House, 2022) Apr 28, 2022

The investment industry is fast approaching a point where one-third of global assets under management are invested with a sustainable objective. But do sustainable investment products do what investors expect them to do? How can an investor tell if their investments are having the social impact they want? Does that impact come at a financial cost? And how can investors weave their way through the web of confusing acronyms, conflicting agency ratings, and the mass of fund offerings, confident that they can recognize and avoid corporate greenwashing?

Larry Swedroe and Sam Adams cut through the fog and bring clarity on all of this and more―providing investors with a firm plan for truly sustainable investing.

The authors first define sustainable investing, illuminating the differences between ESG, SRI and impact investing, and reveal who is currently investing sustainably and why. They then move on to a comprehensive review of the academic research. Finally, this book arms you with a practical guide to investing sustainably, including how to effectively choose your asset allocation strategy, and select the managers and funds through which your money can create the change you want to see in the world.

Your Essential Guide to Sustainable Investing (Harriman House, 2022) is the definitive go-to resource investors have been waiting for.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma.

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Amanda D. Lotz, "Media Disrupted: Surviving Pirates, Cannibals, and Streaming Wars" (MIT Press, 2021) Apr 27, 2022

Has the internet really been the main culprit behind the upheaval of the contemporary media industries? In Media Disrupted: Surviving Pirates, Cannibals, and Streaming Wars(MIT Press, 2021), Professor Amanda Lotz provides a rebuttal to persistent myths about disruption across the mediascape of the late 20th and early 21st Centuries. Through a granular reading of four media industries – newspapers, recorded music, film and television – Lotz demonstrates that the internet has had diffuse and divergent effects in each, none of which are adequately explained through simplistic narratives of piracy or cannibalism. Lotz suggests that the speed and scale of reconfiguration in these industries has stemmed more from built up consumer demand and business (mal)practices, often with deep historical roots, which have only then been catalysed by the advent of the internet.

Alongside laying out what we often get wrong about the internet and the media industries, Lotz provides detailed analyses of those media businesses which managed to negotiate this tumultuous period successfully. Media Disruption helps us understand how the media industries got to where they are today and provides valuable lessons for those seeking to weather disruptions to come.

Professor Amanda Lotz works at the Digital Media Research Centre at Queensland University of Technology.

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Nate G. Hilger, "The Parent Trap: How to Stop Overloading Parents and Fix Our Inequality Crisis" (MIT Press, 2022) Apr 26, 2022

Few people realize that raising children is the single largest industry in the United States. Yet this vital work receives little political support, and its primary workers—parents—labor in isolation. If they ask for help, they are made to feel inadequate; there is no centralized organization to represent their interests; and there is virtually nothing spent on research and development to help them achieve their goals. It’s almost as if parents are set up to fail—and the result is lost opportunities that limit children’s success and make us all worse off. In The Parent Trap: How to Stop Overloading Parents and Fix Our Inequality Crisis(MIT Press, 2022), Nate Hilger combines cutting-edge social science research, revealing historical case studies, and on-the-ground investigation to recast parenting as the hidden crucible of inequality.

Parents are expected not only to care for their children but to help them develop the skills they will need to thrive in today’s socioeconomic reality—but most parents, including even the most caring parents on the planet, are not trained in skill development and lack the resources to get help. How do we fix this? The solution, Hilger argues, is to ask less of parents, not more. America should consider child development a public investment with a monumental payoff. We need programs inspired by Medicare—call them Familycare—to drive this investment. To make it happen, parents need to become an interest group that can wield its political power on behalf of children—who will always be the largest bloc of disenfranchised people in this country.

The Parent Trap exposes the true costs of our society’s unrealistic expectations around parenting and lays out a profoundly hopeful blueprint for reform.

Nate Hilger is a Harvard and Stanford-trained economist who has worked as a professor of economics at Brown University and an economist and data scientist in Silicon Valley. While in academia he was a Research Fellow at the National Bureau of Economic Research and continues to hold an affiliation with the Population Studies and Training Center at Brown. In 2020 he served as a lead policy consultant on early childhood and non-K12 child development issues for Pete Buttigieg’s presidential campaign.

His academic research on child development and inequality has been published in The Quarterly Journal of Economics and other leading peer-reviewed journals, and has been featured in The New York Times, The Washington Post, and other major media outlets. He lives with his wife and son in Redwood City, California.

Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy.

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Barry Eichengreen et al., "In Defense of Public Debt" (Oxford UP, 2021) Apr 26, 2022

Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts―about the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt (Oxford University Press, 2021) offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergencies―from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governments―now more heavily indebted than before―finally emerge from the crisis.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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M. Bianet Castellanos, "Indigenous Dispossession: Housing and Maya Indebtness in Mexico" (Stanford UP, 2020) Apr 22, 2022

Following the recent global housing boom, tract housing development became a billion-dollar industry in Mexico. At the national level, neoliberal housing policy has overtaken debates around land reform. For Indigenous peoples, access to affordable housing remains crucial to alleviating poverty. But as palapas, traditional thatch and wood houses, are replaced by tract houses in the Yucatán Peninsula, Indigenous peoples' relationship to land, urbanism, and finance is similarly transformed, revealing a legacy of debt and dispossession.

Indigenous Dispossession: Housing and Maya Indebtness in Mexico(Stanford UP, 2020) examines how Maya families grapple with the ramifications of neoliberal housing policies. M. Bianet Castellanos relates Maya migrants' experiences with housing and mortgage finance in Cancún, one of Mexico's fastest-growing cities. Their struggle to own homes reveals colonial and settler colonial structures that underpin the city's economy, built environment, and racial order. But even as Maya people contend with predatory lending practices and foreclosure, they cultivate strategies of resistance—from "waiting out" the state, to demanding Indigenous rights in urban centers. As Castellanos argues, it is through these maneuvers that Maya migrants forge a new vision of Indigenous urbanism.

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Megan Birk, "The Fundamental Institution: Poverty, Social Welfare, and Agriculture in American Poor Farms" (U Illinois Press, 2022) Apr 22, 2022

By the early 1900s, the poor farm had become a ubiquitous part of America's social welfare system. Megan Birk's history of this foundational but forgotten institution focuses on the connection between agriculture, provisions for the disadvantaged, and the daily realities of life at poor farms. Conceived as an inexpensive way to provide care for the indigent, poor farms in fact attracted wards that ranged from abused wives and the elderly to orphans, the disabled, and disaster victims. Most people arrived unable rather than unwilling to work, some because of physical problems, others due to a lack of skills or because a changing labor market had left them behind. Birk blends the personal stories of participants with institutional histories to reveal a loose-knit system that provided a measure of care to everyone without an overarching philosophy of reform or rehabilitation. In-depth and innovative, The Fundamental Institution: Poverty, Social Welfare, and Agriculture in American Poor Farms (U Illinois Press, 2022) offers an overdue portrait of rural social welfare in the United States.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Zarak Khan and Laurel Newman, "Building Behavioral Science in an Organization" (Action Design Press, 2021) Apr 21, 2022

Today I talked to Zarak Khan and Laurel Newman about their book Building Behavioral Science in an Organization (Action Design Press, 2021).

As an academic discipline, behavioral science is as the book’s introduction states, an umbrella term that includes social psychology, behavioral economics, and sociology among other fields. As applied in business and government, for instance, behavioral science is often a matter of creating small “nudges” in designing changes to human behavior in hopes of achieving buy-in rather than resistance from those who are wedded to the status quo. Khan and Newman, who co-edited and contributed to this book, are candid about the challenges involved. They are also faithfully committed as professionals to achieving real innovations and transformational advances whenever feasible. In particular, this episode focuses on a pair of behavioral science applications: in HR and in promoting innovation.

Zarak Khan is a Senior Behavioral Researcher at Duke University’s Center for Advanced Hindsight, as well as a Behavioral Science Fellow at the University of Pennsylvania and a board member of Action Design Network. Lauren Newman is a behavioral scientist at Edward Jones, and a former psychology professor at Fontbonne University.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Thomas Piketty, "A Brief History of Equality" (Harvard UP, 2022) Apr 21, 2022

There is no political power without control of the archive, if not of memory. Effective democratization can always be measured by this essential criterion: the participation in and the access to the archive, its constitution, and its interpretation.

– epigraph in The Long Land War by Jo Guldi (2021)

Every political order contains within it tensions, contradictions, and vulnerabilities that at a certain point become too difficult to maintain.

– The Rise and Fall of the Neoliberal Order by Gary Gerstle (2022)

In the Economica Centenary Coarse Lecture delivered virtually to the London School of Economics in 2021 Thomas Piketty lightheartedly remarked on his English as part of a larger point about how linguistic limitations can reduce our access to important information and data worldwide. And like the epigraph above opening a book about the global struggle for occupancy rights, Piketty was noting just how dependent scholars are on the kind of primary sources to which they can use and access. Coming from one of our era’s preeminent scholars of political economy it was more than just a self-deprecating lead-in for his 2020 Capital and Ideology, a book that enlarged the focus of his famous 2014 Capital in the 21st Century by expanding the geopolitical reach of its analysis of the structure of inequality with its emphasis on political and ideological forces as key causative factors rather than purely economic and technological ones. As he mentions in this interview, his latest book concisely refines his arguments.

Coming in at a short 277 pages the professor’s A Brief History of Equality, translated by Steven Randall (The Belknap Press of Harvard University Press, 2022) will come as a bit of relief for readers acquainted with his much lengthier earlier works. Piketty offers up this comparative history of inequalities among social classes in human societies – or, as he points out: a brief history of equality acknowledging the long-term trend toward greater social, economic and political equality. The book opens with ‘the movement toward equality’ and ‘the slow deconcentration of power and property’ before reminding readers of our ‘heritage of slavery and colonialism’ and then broaching ‘the question of reparations’. You will hear Professor Piketty share his thoughts on why this question is key for reconciling societal divisions and what reparations could represent in terms of social justice.

As he points out, both in this interview and in the book, ‘everything remains to be invented’ which is offered in the same optimistic spirit with which he argues that the struggle for increasing levels of equality requires ‘collective learning’. The crisp progression of ideas in the ten chapters of his narrative leads to its concluding implications that the need for increasing equality at the global level is not only a moral imperative but also an economic one. Not everyone will agree with the professor’s vision or his interpretations but few will question his authority or transparency in such deliberations. The professor’s research and data can be studied through his homepage, and the World Inequality Database.

Thomas Piketty is a professor at the Paris School of Economics, Director of Studies at The School of Advanced Studies in Social Sciences, and Co-Director of the World Inequality Lab and Database.

Keith Krueger lectures in the SILC Business School at Shanghai University.

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Mary Childs, "The Bond King: How One Man Made a Market, Built an Empire, and Lost It All" (Flatiron Books, 2021) Apr 20, 2022

From the host of NPR's Planet Money, the deeply-investigated story of how one visionary, dogged investor changed American finance forever.

Before Bill Gross was known among investors as the Bond King, he was a gambler. In 1966, a fresh college grad, he went to Vegas armed with his net worth ($200) and a knack for counting cards. $10,000 and countless casino bans later, he was hooked: so he enrolled in business school.

The Bond King: How One Man Made a Market, Built an Empire, and Lost It All(Flatiron Books, 2021) is the story of how that whiz kid made American finance his casino. Over the course of decades, Bill Gross turned the sleepy bond market into a destabilized game of high risk, high reward; founded Pimco, one of today's most powerful, secretive, and cutthroat investment firms; helped to reshape our financial system in the aftermath of the Great Recession--to his own advantage; and gained legions of admirers, and enemies, along the way. Like every American antihero, his ambition would also be his undoing.

To understand the winners and losers of today's money game, journalist Mary Childs argues, is to understand the bond market--and to understand the bond market is to understand the Bond King.

John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma.

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Gavin Mueller, "Breaking Things at Work: The Luddites Are Right About Why You Hate Your Job" (Verso, 2021) Apr 20, 2022

In Breaking Things at Work: The Luddites are Right About Why You Hate Your Job(Verso, 2021), Gavin Mueller provides a bracing and wide-ranging study of the fractious relationship between workers and technology under capitalism. Mueller traces the thought and actions of ordinary people past and present – including hackers, dockers, musicians and the titular textile workers - who have recognised that technological ‘progress’ too often comes at the expense of their autonomy and dignity. The book pushes back against visions of machine-driven utopia that have continually re-emerged on both the right and the left, arguing instead that resistance to technology is a key site of struggle throughout modernity, and that a Marxist neo-Luddism is crucial to understanding, and changing, the world today.

Gummo Clare is a PhD researcher in the School of Media and Communications, University of Leeds.

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Commodity Fetishism B-Side Apr 20, 2022

An excerpt from Kim’s conversation with Elaine Freedgood on commodity fetishism that didn’t make it into the original episode.

Elaine references Louis Althusser and Slavoj Žižek on ideology;

Fredric Jameson, The Political Unconscious: Narrative as a Socially Symbolic Act. Cornell UP: 1981; and Claude Levi Strauss’s work on Caduveo body painting (which seems to have been published in the surrealist magazine VVV in 1942 and is very hard to find on the internet — see Luciana Martins ‘Resemblances to archaeological finds’: Guido Boggiani, Claude Lévi-Strauss and Caduveo body painting” Journal of Latin American Cultural Studies, 2014. DOI:10.1080/13569325.2017.1309317.)

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Deborah Gordon, "No Standard Oil: Managing Abundant Petroleum in a Warming World" (Oxford UP, 2021) Apr 19, 2022

In No Standard Oil: Managing Abundant Petroleum in a Warming World (Oxford University Press, 2021), Deborah Gordon shows that no two oils or gases are environmentally alike. Each has a distinct, quantifiable climate impact. While all oils and gases pollute, some are much worse for the climate than others. In clear, accessible language, Gordon explains the results of the Oil Climate Index Plus Gas (OCI+), an innovative, open-source model that estimates global oil and gas emissions. Gordon identifies the oils and gases from every region of the globe–– along with the specific production, processing, and refining activities–– that are the most harmful to the planet, and proposes innovative solutions to reduce their climate footprints.

Global climate stabilization cannot afford to wait for oil and gas to run out. No Standard Oil shows how we can take immediate, practical steps to cut greenhouse gas emissions in the crucial oil and gas sector while making sustainable progress in transitioning to a carbon-free energy future.

Deborah Gordon is a senior principal in the Climate Intelligence Program at RMI where she leads the Oil and Gas Solutions Initiative. Gordon also serves as a senior fellow at the Watson Institute for International and Public Affairs at Brown University and the principal investigator for the Oil Climate Project.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Morris Altman, "Worker Satisfaction and Economic Performance" (Routledge, 2021) Apr 19, 2022

Today I talked to Morris Altman about his book Worker Satisfaction and Economic Performance (Routledge, 2021).

What sometimes gets overlooked is that Adam Smith not only became the “father of capitalism” by writing The Wealth of Nations; he also wrote The Theory of Moral Sentiments. Empathy matters, and this week’s guest Morris Altman argues that sustainable capitalism practices fairness. Too often the basic, economic needs of rank-and-file workers are being overlooked in a global economic where the wealthy are calling the shots. From anti-immigrant rhetoric to events in Ukraine, this is a timely episode that puts the purported move from shareholder capitalism to stakeholder capitalism under the lens for skeptical examination. Want more engaged workers? Make them more truly empowered, and the beneficiaries of reciprocity whereby their input is acted on and rewarded alike.

Morris Altman is the Dean of the University of Dundee’s School of Business. He’s published over 130 referred papers and 17 books. He’s also held academic posts at the University of Saskatchewan, Victoria University, Newcastle University, and at Hebrew University, Stanford, Cornell and Duke.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Patricia A. Banks, "Black Culture, Inc.: How Ethnic Community Support Pays for Corporate America" (Stanford UP, 2022) Apr 19, 2022

Why do corporations fund cultural organisations and events? In Black Culture, Inc: How ethnic community support pays for corporate America Patricia Banks, Professor of Sociology at Mount Holyoke College, explores the role of corporate funding in shaping cultural life, from historical examples of tobacco advertising and media, through to contemporary social media businesses’ presence at music festivals. The book draws on a wealth of examples and scholarship on Black culture in America, alongside analysis of diversity policy and practices. Most crucially, the book introduces the idea of ‘diversity capital’, showing the costs of corporate influence on culture, as well as the ambivalence and enthusiasm of cultural producers and audiences. Moving beyond simple explanations and analysis of race, corporate funding, and culture, the book is essential reading across the arts, humanities and social sciences, as well as for anyone interested in the arts today.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Commodity Fetishism Apr 19, 2022

Kim talks with Elaine Freedgood about Karl Marx’s concept of commodity fetishism.

The concept comes from:

Karl Marx, Capital Vol. 1, translated by Samuel Moore and Edward Aveling, edited by Frederick Engels, 1887, available on marxists.org

Other texts mentioned:

-Peter Stallybrass, “Marx’s Coat” in Border Fetishisms: Material Objects in Unstable Spaces, edited by Patricia Spyer, Routledge, 1998.

-Rosalind Morris and Daniel Leonard, The Returns of Fetishism: Charles de Brosses and the Afterlives of an Idea. University of Chicago Press, 2017.

In the longer version of our conversation we talked about:

-Tamara Ketabgian, The Lives of Machines: The Industrial Imaginary in Victorian Literature and Culture. University of Michigan Press, 2011.

-Frederick Engels, The Condition of the Working-Class in England in 1844. Translated by ---Florence Kelley Wischnewetzky. London: George Allen and Unwin Ltd., 1852. Internet Archive.

-And Elaine’s book, The Ideas in Things: Fugitive Meaning in the Victorian Novel. University of Chicago Press, 2006.

Elaine is super cool. She studies Victorian Literature and teaches in the English Department at NYU.

Image borrowed from archive.org. If this image is under copyright, please inform us and we will remove it promptly.

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Debt Apr 18, 2022

Huzaifa Omair Siddiqi talks about the idea of debt, mainly with respect to the book by David Graeber on its history. This episode is dedicated to his memory.

Huzaifa is a doctoral candidate at the Department of English, Jawaharlal Nehru University, working on speculative materialism. He has written on several subjects including Graeber’s work.

The image is that of the Cone of Urukagina, which has the first recorded instance of the word ‘freedom’ (‘amargi’). In his book, Graeber talks about this record as one of several issued periodically by Sumerian kings to “declare all outstanding consumer debt null and void…, return all land to its original owners, and allow all debt-peons to return to their families”.

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Ruchika Tulshyan, "Inclusion on Purpose: An Intersectional Approach to Creating a Culture of Belonging at Work" (MIT Press, 2022) Apr 18, 2022

Few would disagree that inclusion is both the right thing to do and good for business. Then why are we so terrible at it? If we believe in the morality and the profitability of including people of diverse and underestimated backgrounds in the workplace, why don’t we do it? Because, explains Ruchika Tulshyan in this eye-opening book, we don’t realize that inclusion takes awareness, intention, and regular practice. Inclusion doesn’t just happen; we have to work at it. Tulshyan presents inclusion best practices, showing how leaders and organizations can meaningfully promote inclusion and diversity. Tulshyan centers the workplace experience of women of color, who are subject to both gender and racial bias. It is at the intersection of gender and race, she shows, that we discover the kind of inclusion policies that benefit all. Tulshyan debunks the idea of the “level playing field” and explains how leaders and organizations can use their privilege for good by identifying and exposing bias, knowing that they typically have less to lose in speaking up than a woman of color does. She explains why “leaning in” doesn’t work—and dismantling structural bias does; warns against hiring for “culture fit,” arguing for “culture add” instead; and emphasizes the importance of psychological safety in the workplace—you need to know that your organization has your back. With Inclusion on Purpose: An Intersectional Approach to Creating a Culture of Belonging at Work (MIT Press, 2022), Tulshyan shows us how we can make progress toward inclusion and diversity—and we must start now.

Sine Yaganoglu trained as a neuroscientist and bioengineer (PhD, ETH Zurich). She currently works in innovation management and diagnostics.

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Isabella M. Weber, "How China Escaped Shock Therapy: The Market Reform Debate" (Routledge, 2021) Apr 15, 2022

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path. In the first post-Mao decade, China's reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization - but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators?

With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia's economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, How China Escaped Shock Therapy: The Market Reform Debate (Routledge, 2021) charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens.

Isabella M. Weber is a political economist working on China, global trade and the history of economic thought. She is an Assistant Professor of Economics at the University of Massachusetts Amherst and the Research Leader for China at the Political Economy Research Institute.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focuses on China’s political economy and governance.

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Jonathan Beller, "The World Computer: Derivative Conditions of Racial Capitalism" (Duke UP, 2021) Apr 15, 2022

In The World Computer: Derivative Conditions of Racial Capitalism (Duke UP, 2021) Jonathan Beller forcefully demonstrates that the history of commodification generates information itself. Out of the omnipresent calculus imposed by commodification, information emerges historically as a new money form. Investigating its subsequent financialization of daily life and colonization of semiotics, Beller situates the development of myriad systems for quantifying the value of people, objects, and affects as endemic to racial capitalism and computation. Built on oppression and genocide, capital and its technical result as computation manifest as racial formations, as do the machines and software of social mediation that feed racial capitalism and run on social difference. Algorithms, derived from for-profit management strategies, conscript all forms of expression-language, image, music, communication-into the calculus of capital such that even protest may turn a profit. Computational media function for the purpose of extraction rather than ameliorating global crises, and financialize every expressive act, converting each utterance into a wager. Repairing this ecology of exploitation, Beller contends, requires decolonizing information and money, and the scripting of futures wagered by the cultural legacies and claims of those in struggle.

Marci Mazzarotto is an Assistant Professor of Digital Communication at Georgian Court University in New Jersey. Her research interests center on the interdisciplinary intersection of academic theory and artistic practice with a focus on film and television studies.

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Tim Hwang, "Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet" (FSG Originals, 2020) Apr 14, 2022

In Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet(FSG Originals, 2020), Tim Hwang investigates the way big tech financializes attention. In the process, he shows us how digital advertising--the beating heart of the internet--is at risk of collapsing, and that its potential demise bears an uncanny resemblance to the housing crisis of 2008.

From the unreliability of advertising numbers and the unregulated automation of advertising bidding wars to the simple fact that online ads mostly fail to work, Hwang demonstrates that while consumers' attention has never been more prized, the true value of that attention itself--much like subprime mortgages--is wildly misrepresented. And if online advertising goes belly-up, the internet--and its free services--will suddenly be accessible only to those who can afford it.

Tim Hwang is a writer, researcher, and currently the general counsel for Substack. He is the former director of the Harvard-MIT Ethics and Governance of AI Initiative and previously served as the global public policy lead for artificial intelligence and machine learning at Google.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Mohammad F Anwar and Frank E Danna, "Love as a Business Strategy: Resilience, Belonging & Success" (Lioncrest, 2021) Apr 14, 2022

Today I talked to Mohammad F. Anwar and Frank Danna about their book Love as a Business Strategy: Resilience, Belonging & Success (Lioncrest, 2021).

Rarely will executives leave themselves vulnerable by sharing what they did wrong in managing people, which in turn led them to take corrective actions. Mohammad Anwar is that rare exception, even going so far as to share on the air his “infamous refrigerator email” where he tore into employees for leaves a “disgusting” mess in the company’s breakroom refrigerator. How to create a psychologically safe place to work is the underlying theme of this episode, which ranges from answering why new hires at Softway always start on a Friday to explaining, a little, about how giving “spot raises” have superseded the previous “fish market” system of dickering for pay increases as part of annual performance reviews.

Mohammad F. Anwar is the founder and CEO of Softway, a business-to-employee solutions company that helps build high-performing companies. Frank Danna is a Director at Softway.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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John A. List, "The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale" (Currency, 2022) Apr 14, 2022

Most economists would argue that policies and business strategies are most likely to succeed if they are evidence-based, with their efficacy demonstrated empirically by randomized controlled trials before they are implemented at scale. John List spearheaded the introduction of field experiments in economics, publishing a raft of influential studies with this approach, and using his research insights to help shape both government policy and business strategy. He has learned a thing or two along the way. In The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale(Currency, 2022), he draws upon his own experiences and his research to show all the ways in which an idea that “works” in a field experiment can fall flat when rolled out at a larger scale. This book provides tremendous insight into both the value of field experiments and the careful attention to detail needed to ensure that they teach us the right lessons.

John List is a professor of economics at the University of Chicago. He has also served as Chief Economist at tech economy pioneers Uber and Lyft, and recently agreed to take on the same role at an established linchpin of the middle-American retail, Walmart.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy.

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Dashun Wang and Albert-László Barabási, "The Science of Science" (Cambridge UP, 2021) Apr 13, 2022

Listen to this interview of Dashun Wang, Professor at the Kellogg School of Management and McCormick School of Engineering at Northwestern University, and also with Albert-László Barabási, Robert Gray Dodge Professor of Network Science and Distinguished University Professor at Northeastern University. We talk about their new book The Science of Science" (Cambridge UP, 2021) and science, squared.

Albert-László Barabási : "There is, of course, the need that you grow professionally. If you're a mathematician, you need to perfect your math. If you're a physicist, you need to do your physics. If you're a biologist, you need to develop your lab techniques. But no matter the magnitude of any discovery you might make, it's not impactful unless you can actually communicate it. And I think that this is where science lacks significantly. I would even go so far as to say, there is a counter-selection: People who are not necessarily the best communicators tend to prefer science because there's the impression that that is not the skill that you need — you just need to be able to solve problems in a meaningful way. But if you're not able to write your ideas down, if you're not able to share your ideas with your community, then it's really as if you didn't have the ideas at all. And you know, I have experienced this in my own career. When I got interested in network science back in 1994/95, for the first few years my papers got rejected one after the other, and not because it wasn't good science (as I would later realize) — no, my papers were getting rejected because I could not communicate to the community at large and to my referees in particular why we should care about networks. And it took me about five years to find the way into people's minds, to learn how they write papers about networks. I needed to learn the hard way about how the community of scientists appreciated and did not appreciate research on networks. And it took me so long because I'd never been offered the opportunity to study the communication of science."

Watch Daniel edit your science here. Contact Daniel at writeyourresearch@gmail.com.

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The Future of Life Expectancy: A Discussion with Angus Deaton Apr 12, 2022

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP, 2020). In this podcast Owen Bennett-Jones discusses the issue of life expectancy and asks what trends relating to life expectancy are likely to occur in the future.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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R. Douglas Arnold, "Fixing Social Security: The Politics of Reform in a Polarized Age" (Princeton UP, 2022) Apr 08, 2022

Since its establishment, Social Security has become the financial linchpin of American retirement. Yet demographic trends—longer lifespans and declining birthrates—mean that this popular program now pays more in benefits than it collects in revenue. Without reforms, 83 million Americans will face an immediate benefit cut of 20 percent in 2034. How did we get here and what is the solution? In Fixing Social Security: The Politics of Reform in a Polarized Age (Princeton University Press, 2022), R. Douglas Arnold explores the historical role that Social Security has played in American politics, why Congress has done nothing to fix its insolvency problem for three decades, and what legislators can do to save it. What options do legislators have as the program nears the precipice? They can raise taxes, as they did in 1977, cut benefits, as they did in 1983, or reinvent the program, as they attempted in 2005. Unfortunately, every option would impose costs, and legislators are reluctant to act, fearing electoral retribution. Arnold investigates why politicians designed the system as they did and how between 1935 and 1983 they allocated—and reallocated—costs and benefits among workers, employers, and beneficiaries. He also examines public support for the program, and why Democratic and Republican representatives, once political allies in expanding Social Security, have become so deeply polarized about fixing it. As Social Security edges closer to crisis, Fixing Social Security offers a comprehensive analysis of the political fault lines and a fresh look at what can be done—before it is too late.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Nic Marsh et al., "Indefensible: Seven Myths that Sustain the Global Arms Trade" (Zed Books, 2017) Apr 07, 2022

Although there is often opposition to individual wars, most people continue to believe that the arms industry is necessary in some form: to safeguard our security, provide jobs and stimulate the economy. Not only conservatives, but many progressives and liberals, support it for these reasons. Indefensible puts forward a devastating challenge to this conventional wisdom, which has normalized the existence of the most savage weapons of mass destruction ever known.

Indefensible: Seven Myths that Sustain the Global Arms Trade (Zed Books, 2017) is the essential handbook for those who want to debunk the arguments of the industry and its supporters: deploying case studies, statistics and irrefutable evidence to demonstrate they are fundamentally flawed, both factually and logically. Far from protecting us, the book shows how the arms trade undermines our security by fanning the flames of war, terrorism and global instability. In countering these myths, the book points to ways in which we can combat the arms trade's malignant influence, reclaim our democracies and reshape our economies.

The book can be read here for free.

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Roberta Moore, "Emotion at Work: Unleashing the Secret Power of Emotional Intelligence" (Conscious Choice, 2018) Apr 07, 2022

Today I talked to Roberta Moore, author of Emotion at Work: Unleashing the Secret Power of Emotional Intelligence (Conscious Choice, 2018).

Much like methodologies that focus on a range of personality traits, the approach taken by today’s guest looks at 16 different skills grouped into five categories. Those categories are self-perception, self-expression, interpersonal, decision-making, and stress management. Which are you best at? Where might you falter? Compare your answers to those Moore shares from two decades of work with clients in leadership roles across a range of industries. One notable client: a high-powered art dealer whose ability to handle stress is challenged anytime a “cargo” of Van Goghs, for instance, run the risk of going unguarded on the tarmac when the flight schedules change!

Roberta Ann Moore is a business executive and licensed therapist, certified in Dr. Reuven Bar-On’s model of emotional intelligence. She provides assessments, training and developing using the EQ-I 2.0 and EQ 360 programs as a framework.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Pandemic Perspectives 5: Necessarily Global--How the Pandemic Forces Us To Think Bigger Apr 06, 2022

In this Pandemic Perspectives Podcast, Ideas Roadshow founder and host Howard Burton talks to Andy Hoffman, the dynamic and innovative business professor at the University of Michigan, about what the pandemic has brought to light to effectively address our many pressing global problems.

Ideas Roadshow's Pandemic Perspectives Project consists of three distinct, reinforcing elements: a documentary film (Pandemic Perspectives), book (Pandemic Perspectives: A filmmaker's journey in 10 essays) and a series of 24 detailed podcasts with many of the film's expert participants. Visit www.ideasroadshow.com for more details.

Howard Burton is the founder of Ideas Roadshow and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Haakon Gjerløw and Carl Henrik Knutsen, "One Road to Riches?: How State Building and Democratization Affect Economic Development" (Cambridge UP, 2021) Apr 06, 2022

Building effective state institutions before introducing democracy is widely presumed to improve different development outcomes. Conversely, proponents of this "stateness-first" argument anticipate that democratization before state building yields poor development outcomes. In One Road to Riches?: How State Building and Democratization Affect Economic Development (Cambridge UP, 2021), we discuss several strong assumptions that (different versions of) this argument rests upon and critically evaluate the existing evidence base. In extension, we specify various observable implications. We then subject the "stateness-first" argument to multiple tests, focusing on economic growth as an outcome. First, we conduct historical case studies of two countries with different institutional sequencing histories, Denmark and Greece, and assess the "stateness-first" argument (e.g., by using a synthetic control approach). Thereafter, we draw on an extensive global sample of about 180 countries, measured across 1789-2019 and leverage panel regressions, pre-parametric matching, and sequence analysis to test a number of observable implications. Overall, we find little evidence to support the "stateness-first" argument.

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Robert Buderi, "Where Futures Converge: Kendall Square and the Making of a Global Innovation Hub" (MIT Press, 2022) Apr 05, 2022

Kendall Square in Cambridge, Massachusetts, has been called “the most innovative square mile on the planet.” It's a life science hub, hosting Biogen, Moderna, Pfizer, Takeda, and others. It's a major tech center, with Google, Microsoft, IBM, Amazon, Facebook, and Apple all occupying big chunks of pricey office space. Kendall Square also boasts a dense concentration of startups, with leading venture capital firms conveniently located nearby. And of course, MIT is just down the block. In Where Futures Converge: Kendall Square and the Making of a Global Innovation Hub(MIT Press, 2022), Robert Buderi offers the first detailed account of the unique ecosystem that is Kendall Square, chronicling the endless cycles of change and reinvention that have driven its evolution.

Buderi, who himself has worked in Kendall Square for the past twenty years, tells fascinating stories of great innovators and their innovations that stretch back two centuries. Before biotech and artificial intelligence, there was railroad car innovation, the first long-distance telephone call, the Polaroid camera, MIT's once secret, now famous Radiation Laboratory, and much more. Buderi takes readers on a walking tour of the square and talks to dozens of innovators, entrepreneurs, urban planners, historians, and others. He considers Kendall Square's limitations—it's “gentrification gone rogue,” by one description, with little affordable housing, no pharmacy, and a scarce middle class—and its strengths: the “human collisions” that spur innovation.

What's next for Kendall Square? Buderi speculates about the next big innovative enterprises and outlines lessons for aspiring innovation districts. More important, he asks how Kendall Square can be both an innovation hub and a diversity, equity, and inclusion hub. There's a lot of work still to do.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Gary Gerstle, "The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era" (Oxford UP, 2022) Apr 05, 2022

The epochal shift toward neoliberalism–– a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces-that began in the United States and Great Britain in the late 1970s fundamentally changed the world. Today, the word neoliberal is often used to condemn a broad swath of policies, from prizing free-market principles over people to advancing privatization programs in developing nations around the world.

To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality. Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era (Oxford University Press, 2022), these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such a persuasive hold on both the right and the left for three decades. As he shows, the neoliberal order that emerged in America in the 1970s fused ideas of deregulation with personal freedoms, open borders with cosmopolitanism, and globalization with the promise of increased prosperity for all. Along with tracing how this worldview emerged in America and grew to dominate the world, Gerstle explores the previously unrecognized extent to which its triumph was facilitated by the collapse of the Soviet Union and its communist allies. He is also the first to chart the story of the neoliberal order's fall, originating in the failed reconstruction of Iraq and the Great Recession of the Bush years and culminating in the rise of Trump and a reinvigorated Bernie Sanders-led American left in the 2010s.

An indispensable and sweeping re-interpretation of the last fifty years, this book illuminates how the ideology of neoliberalism became so infused in the daily life of an era, while probing what remains of that ideology and its political programs as America enters an uncertain future.

Gary Gerstle is Paul Mellon Professor of American History Emeritus and Paul Mellon Director of Research at the University of Cambridge. He is the author and editor of more than ten books, including two prizewinners, American Crucible (2017) and Liberty and Coercion (2015).

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Jonathan Haskel and Stian Westlake, "Restarting the Future: How to Fix the Intangible Economy" (Princeton UP, 2022) Apr 05, 2022

The past two decades have witnessed sluggish economic growth, mounting inequality, dysfunctional competition, and a host of other ills that have left people wondering what has happened to the future they were promised. Restarting the Future reveals how these problems arise from a failure to develop the institutions demanded by an economy now reliant on intangible capital such as ideas, relationships, brands, and knowledge.

In this groundbreaking and provocative book, Jonathan Haskel and Stian Westlake argue that the great economic disappointment of the century is the result of an incomplete transition from an economy based on physical capital, and show how the vital institutions that underpin our economy remain geared to an outmoded way of doing business. The growth of intangible investment has slowed significantly in recent years, making the world poorer, less fair, and more vulnerable to existential threats. Haskel and Westlake present exciting new ideas to help us catch up with the intangible revolution, offering a road map for how to finance businesses, improve our cities, fund more science and research, reform monetary policy, and reshape intellectual property rules for the better.

Drawing on Haskel and Westlake’s experience at the forefront of finance and economic policymaking, Restarting the Future: How to Fix the Intangible Economy (Princeton UP, 2022) sets out a host of radical but practical solutions that can lead us into the future.

John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the finance/investment space called Kick the Dogma.

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The Business of Scholarly Communication and Publishing Apr 05, 2022

Listen to this interview of Joe Esposito, Senior Partner of Clarke & Esposito. We talk about the space between academic research and consumer markets, and we travel in space to the metaverse!

Joe Esposito : "The thing that's at issue when a field of study begins publishing more in journals and less in books is another aspect of the audience. If you're a scientist, you write short articles because this is what gets you tenure, this is what gets you a promotion, this is what allows you to go to grants-making bodies and get money to hire postdoctoral students and to build out your laboratory. So the aspect of audience I'm talking about here is broader than just your fellow experts in your field — it's broader than just the readers of your communications, because it includes, too, the business model that these communications are placed into. There is money in articles in the sciences. There is very little money in books in the sciences. But switch over to history, anthropology, literary criticism, and the whole situation gets turned on its head. There the tenure promotion committees are looking for books, preferably published with a university press. So, when we talk about questions like where the book is going, where text is going, or whether digital or print, we can't escape the fact that all these things live within an environment of people pursuing their own personal interests, which itself has a economic basis as well."

Clarke & Esposito have an excellent newsletter on scholarly communication and publishing. You can read and subscribe here.Joe is also a regular contributor to The Scholarly Kitchen, which you can read and subscribe to here.

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Megan Tobias Neely, "Hedged Out: Inequality and Insecurity on Wall Street" (U of California Press, 2022) Apr 04, 2022

Is the finance industry fair? In Hedged Out: Inequality and Insecurity on Wall Street(University of California Press, 2022) Megan Tobias Neely, an assistant professor in the Department of Organisation at Copenhagen Business School, explores this question by asking who is successful, and who is excluded, in hedge funds. Drawing on ethnography and interviews, the book sets out how elite, white, masculinity is the dominant demographic of the industry, along with the importance of patronage relationships in perpetuating inequalities. It also explores the narratives and justifications used to explain the persistence of exclusions, even in the context of an industry that is supposed to reward passion and talent. Closing with a powerful call to transform both the finance industry and the world, the book is essential reading across social science and business, as well as for anyone interested in understanding how inequality persists.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Michael J. Graetz and Ian Shapiro, "The Wolf at the Door: The Menace of Economic Insecurity and How to Fight It" (Harvard UP, 2020) Apr 04, 2022

This is an age of crisis. That much we can agree on. But a crisis of what? And how do we get out of it? Many on the right call for tax cuts and deregulation. Others on the left rage against the top 1 percent and demand wholesale economic change. Voices on both sides line up against globalization: restrict trade to protect jobs. In The Wolf at the Door: The Menace of Economic Insecurity and How to Fight It(Harvard UP, 2020), two leading political analysts argue that these views are badly mistaken.

Michael Graetz and Ian Shapiro focus on what really worries people: not what the rich are making but rather their own insecurity and that of people close to them. Americans are concerned about losing what they have, whether jobs, status, or safe communities. They fear the wolf at the door. The solution is not protectionism or class warfare but a return to the hard work of building coalitions around realistic goals and pursuing them doggedly through the political system. This, Graetz and Shapiro explain, is how earlier reformers achieved meaningful changes, from the abolition of the slave trade to civil rights legislation. The authors make substantial recommendations for increasing jobs, improving wages, protecting families suffering from unemployment, and providing better health insurance and child care, and they guide us through the strategies needed to enact change.

These are achievable reforms that would make Americans more secure. The Wolf at the Door is one of those rare books that not only diagnose our problems but also show us how we can address them.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Joseph Fishkin and William E. Forbath, "The Anti-Oligarchy Constitution: Reconstructing the Economic Foundations of American Democracy" (Harvard UP, 2022) Mar 31, 2022

Oligarchy is a threat to the American republic. When too much economic and political power is concentrated in too few hands, we risk losing the “republican form of government” the Constitution requires. Today, courts enforce the constitution as if it had almost nothing to say about this threat. The Anti-Oligarchy Constitution: Reconstructing the Economic Foundations of American Democracy (Harvard University Press, 2022) is a bold call to reclaim an American tradition that argues the constitution imposes a duty on government to fight oligarchy and ensure broadly shared wealth. In this revolutionary retelling of constitutional history, Dr. Joseph Fishkin and Dr. William Forbath show that a commitment to prevent oligarchy once stood at the center of a robust tradition in American political and constitutional thought.

Dr. Fishkin and Dr. Forbath argue that “The constitutional order does rest and depend on a political-economic order. That political-economic order does not maintain itself. It requires action (as well as forbearance from action) from each part of the government. The content of what is required changes radically over time in a dynamic way in response to changes in the economy and in politics. But we believe the basic principles of the democracy-of-opportunity tradition remain affirmative constitutional obligations of government today: to prevent an oligarchy from emerging and amassing too much power; to preserve a broad and open middle class as a counterweight against oligarchy and a bulwark of democratic life; and to include everyone, not just those privileged by race or sex, in a democracy of op- portunity that is broad enough to unite us all.”

Dr. Fishkin and Dr. Forbath demonstrate that reformers, legislators, and even judges working in this “democracy-of-opportunity” tradition understood that the Constitution imposes a duty on legislatures to thwart oligarchy and promote a broad distribution of wealth and political power. These ideas led Jacksonians to fight special economic privileges for the few, Populists to try to break up monopoly power, and Progressives to fight for the constitutional right to form a union. During Reconstruction, Radical Republicans argued in this tradition that racial equality required breaking up the oligarchy of the Slave Power and distributing wealth and opportunity to former slaves and their descendants. President Franklin Roosevelt and the New Dealers built their politics around this tradition, winning the fight against the “economic royalists” and “industrial despots.”

The book argues that our current understanding of what counts as a constitutional argument is anachronistic and limiting. In fact, the authors argue that “advocates of the democracy-of-opportunity tradition and their opponents throughout the long period from the founding through the New Deal disagreed about many things, but they agreed that part of arguing about the Constitution is making claims about what it requires of our political economy. “

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

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Alexander Zaitchik, "Owning the Sun: A People's History of Monopoly Medicine from Aspirin to COVID-19 Vaccines" (Counterpoint, 2022) Mar 30, 2022

Although the dividing line between private life and public responsibilities can never be definite and clear, there is a moral threshold which is crossed both by those who assume power to change the lives of many men through public action and by those who undertake to represent in a public role the will and interests of many other men. A new responsibility, and even a new kind of responsibility, and new moral conflicts, present themselves.

– Stuart Hampshire, foreword to Public and Private Morality (1978)

Hampshire’s thoughts help articulate the inherent tensions underlying an institutionalized system of monopoly medicine that has commandeered the myth of free-market ideology in an ongoing and highly successful effort to profit from pharmaceutical patents generated by U.S. government-funded scientific research. This is the broader thesis of investigative journalist Alexander Zaitchik’s latest book, Owning the Sun: A People’s History of Monopoly Medicine from Aspirin to COVID-19 published by Counterpoint in March of 2022.

Zaitchik highlights the politics and players from founding fathers to the FDA’s Francis Kelsey to Hayek and the Chicago School in an engaging and well-researched narrative laying bare the situational ethics across the professional domains of the pharmaceutical industry, publicly-funded university research, and medicine more broadly while highlighting the public-private tension baked into our ‘free market’ political economy and its reification of knowledge through patent and intellectual property law.

Zaitchik’s narrative deftly outlines how generations of public health and science advocates have attempted to hold the line against pharmaceutical special interests and their allies in government while documenting privatized medicine’s evolution in the U.S. and its globalizing effects. From the controversial arrival of patent-seeking German chemical companies in the late nineteenth century to present-day coordination between industry and philanthropic organizations—including the influential Gates Foundation—that defeated efforts to loosen intellectual property restrictions for countries to produce vaccines against COVID-19. Relevant and smartly written with a disturbing message for everyone who cares about the cost and access of medicine.

Listeners will find the book and Zaitchik’s observations in this interview engaging as well as his 2018 article in The New Republic that previews part of the book’s larger thesis:

Complement and expand the topic focus with these recent NBN segments:

1) Davos Man: How the Billionaires Devoured the World (2022) written by Peter S. Goodman and

interviewed by Caleb Zakarin.

2) Disorder: A History of Reform, Reaction, and Money in American Medicine (2021) written by Peter

S. Swanson and interviewed by Stephen Pimpare.

Alexander Zaitchik is a freelance journalist and contributor to Atlantic magazine, The New Republic, The Nation and Foreign Policy among others, and has authored four books including this latest just published by Counterpoint Press in Berkeley.

Keith Krueger lectures at the SILC Business School in Shanghai University.

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Tirthankar Roy and Anand V. Swamy, "Law and the Economy in a Young Democracy: India 1947 and Beyond" (UChicago Press, 2022) Mar 30, 2022

In Law and the Economy in a Young Democracy: India 1947 and Beyond (University of Chicago Press, 2022), Dr. Tirthankar Roy and Dr. Anand Swamy present an essential history of India’s economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. They argue that “colonial rule left India a highly unequal society with a complicated structure of land rights, a slow and dysfunctional legal system, and a state that was all powerful in some areas.”

Economists have long lamented how the inefficiency of India’s legal system undermines the country’s economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making adjudication and contract enforcement slow and costly.

Taking this as given, Law and the Economy in a Young Democracy examines the contents and historical antecedents of these laws, including how they have stifled economic development. Dr. Roy and Dr. Swamy argue that legal evolution in independent India has been shaped by three factors: the desire to reduce inequality and poverty; the suspicion that market activity, both domestic and international, can be detrimental to these goals; and the strengthening of Indian democracy over time, giving voice to a growing fraction of society, including the poor. They conclude that “the weaknesses of the legal framework were probably not the binding constraint on growth” and that “at least in the short-term, the Indian economy will have to develop in spite of its legal system.”

Weaving the story of India’s heralded economic transformation with its social and political history, Dr. Roy and Dr. Swamy show how inadequate legal infrastructure has been a key impediment to the country’s economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, Law and the Economy in a Young Democracy is essential reading for anyone seeking to understand India’s current crossroads—and the factors that may keep its dreams unrealized.

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

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Alberto Bisin and Giovanni Federico, "The Handbook of Historical Economics" (Academic Press, 2021) Mar 29, 2022

The Handbook of Historical Economics(Academic Press, 2021) guides students and researchers through a quantitative economic history that uses fully up-to-date econometric methods. The book's coverage of statistics applied to the social sciences makes it invaluable to a broad readership. As new sources and applications of data in every economic field are enabling economists to ask and answer new fundamental questions, this book presents an up-to-date reference on the topics at hand. Provides a historical outline of the two cliometric revolutions, highlighting the similarities and the differences between the two Surveys the issues and principal results of the "second cliometric revolution" Explores innovations in formulating hypotheses and statistical testing, relating them to wider trends in data-driven, empirical economics.

Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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The Future of Rational Decision Making: A Discussion with Olivier Sibony Mar 29, 2022

In this podcast Owen Bennett-Jones discusses the future of rational decision making with Professor Olivier Sibony who after 25 years with McKinsey & Company in France, is now at HEC Paris and the Saïd Business School in Oxford University. In 2021 he co-wrote the book Noise: A Flaw in Human Judgment(Little, Brown Spark, 2021) with Cass R. Sunstein and Daniel Kahneman. For those trying to resist the illogicalities of the post truth world, the idea of rational decision-making is perhaps more important than ever. Yet the challenge to rationality comes not only from social media driven myths becoming accepted truths, but also bias and randomness in decision-making.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Scott Timcke, "Algorithms and the End of Politics: How Technology Shapes 21st-Century American Life" (Bristol UP, 2021) Mar 28, 2022

As the US contends with issues of populism and de-democratization, this timely study considers the impacts of digital technologies on the country’s politics and society.

In Algorithms and the End of Politics: How Technology Shapes 21st-Century American Life (Bristol University Press, 2021), Dr. Scott Timcke provides a Marxist analysis of the rise of digital media, social networks and technology giants like Amazon, Apple, Facebook and Microsoft. He looks at the impact of these new platforms and technologies on their users who have made them among the most valuable firms in the world.

Offering bold new thinking across data politics and digital and economic sociology, this is a powerful demonstration of how algorithms have come to shape everyday life and political legitimacy in the US and beyond.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. His most recent research, “The Queen and Her Royal Court: A Content Analysis of Doing Gender at a Tulip Queen Pageant,” was published in Gender Issues Journal. He researches culture, social identity, placemaking, and media representations of social life at festivals and celebrations. He is currently working on a book titled Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River. You can learn more about Dr. Johnston on his website, Google Scholar, on Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Scott Timcke, "Algorithms and the End of Politics: How Technology Shapes 21st-Century American Life" (Bristol UP, 2021) Mar 28, 2022

As the US contends with issues of populism and de-democratization, this timely study considers the impacts of digital technologies on the country’s politics and society.

In Algorithms and the End of Politics: How Technology Shapes 21st-Century American Life (Bristol University Press, 2021), Dr. Scott Timcke provides a Marxist analysis of the rise of digital media, social networks and technology giants like Amazon, Apple, Facebook and Microsoft. He looks at the impact of these new platforms and technologies on their users who have made them among the most valuable firms in the world.

Offering bold new thinking across data politics and digital and economic sociology, this is a powerful demonstration of how algorithms have come to shape everyday life and political legitimacy in the US and beyond.

Michael O. Johnston, Ph.D. is an Assistant Professor of Sociology at William Penn University. His most recent research, “The Queen and Her Royal Court: A Content Analysis of Doing Gender at a Tulip Queen Pageant,” was published in Gender Issues Journal. He researches culture, social identity, placemaking, and media representations of social life at festivals and celebrations. He is currently working on a book titled Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River. You can learn more about Dr. Johnston on his website, Google Scholar, on Twitter @ProfessorJohnst, or by email at johnstonmo@wmpenn.edu.

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Jeremy Friedman, "Ripe for Revolution: Building Socialism in the Third World" (Harvard UP, 2022) Mar 24, 2022

In the first decades after World War II, many newly independent Asian and African countries and established Latin American states pursued a socialist development model. In Ripe for Revolution: Building Socialism in the Third World (Harvard UP, 2022), Jeremy Friedman traces the socialist experiment over forty years through the experience of five countries: Indonesia, Chile, Tanzania, Angola, and Iran.

These states sought paths to socialism without formal adherence to the Soviet bloc or the programs that Soviets, East Germans, Cubans, Chinese, and other outsiders tried to promote. Instead, they attempted to forge new models of socialist development through their own trial and error, together with the help of existing socialist countries, demonstrating the flexibility and adaptability of socialism. All five countries would become Cold War battlegrounds and regional models, as new policies in one shaped evolving conceptions of development in another. Lessons from the collapse of democracy in Indonesia were later applied in Chile, just as the challenge of political Islam in Indonesia informed the policies of the left in Iran. Efforts to build agrarian economies in West Africa influenced Tanzania’s approach to socialism, which in turn influenced the trajectory of the Angolan model.

Ripe for Revolution shows socialism as more adaptable and pragmatic than often supposed. When we view it through the prism of a Stalinist orthodoxy, we miss its real effects and legacies, both good and bad. To understand how socialism succeeds and fails, and to grasp its evolution and potential horizons, we must do more than read manifestos. We must attend to history.

Jeremy Friedman is Associate Professor of Business Administration at Harvard Business School. The former Associate Director of the Brady-Johnson Program in Grand Strategy at Yale University, he is the author of Shadow Cold War: The Sino–Soviet Competition for the Third World.

Thomas Kingston is currently a Huayu Enrichment Scholar, studying Mandarin Chinese at National Cheng Kung University, as he finds himself in post MPhil and pre PhD limbo. He holds an MA in Pacific Asian Studies from SOAS, University of London and an MPhil in Philosophy from Renmin University of China. His research interests focus on the political and intellectual histories of nationalism(s), imaginaries and colonialism in the East and Southeast Asian context.

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The Future of Disorder: A Discussion with Helen Thompson Mar 22, 2022

In her book Disorder: Hard Times in the 21st Century(Oxford UP, 2022), Cambridge academic Helen Thompson gets beyond the ephemeral and analyses instead the role of more fundamental drivers of events – including the energy markets and the international monetary system. That’s one way in which her book is distinctive. It’s also a very broad book. While much of academic output has a very narrow focus, this book is unusual in attempting a sweeping overview of what’s happening in the world. What role has energy played in disrupting politics especially since the 1970s? How has the US dominance of the international financial system impacted international relations? And how has the EU influenced democratic development in Europe?

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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The Future of Disorder: A Discussion with Helen Thompson Mar 22, 2022

In her book Disorder: Hard Times in the 21st Century(Oxford UP, 2022), Cambridge academic Helen Thompson gets beyond the ephemeral and analyses instead the role of more fundamental drivers of events – including the energy markets and the international monetary system. That’s one way in which her book is distinctive. It’s also a very broad book. While much of academic output has a very narrow focus, this book is unusual in attempting a sweeping overview of what’s happening in the world. What role has energy played in disrupting politics especially since the 1970s? How has the US dominance of the international financial system impacted international relations? And how has the EU influenced democratic development in Europe?

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Oded Galor, "The Journey of Humanity: The Origins of Wealth and Inequality" (Dutton Books, 2022) Mar 22, 2022

Nothing has had a more profound impact on the lives of humans than economic growth. Thus, understanding economic growth is, on its own, understanding the essence of humanity. This is the objective of The Journey of Humanity: The Origins of Wealth and Inequality (Dutton, 2022) by Oded Galor. A fascinating book that explores the universal forces behind economic growth and prosperity. With a marvelous exhibition of historical context, empirical evidence, and theoretical insights, Galor provides a comprehensive explanation of how humanity moved from stagnation to growth.

In addition, building on his lifetime's investigation, Galor provides in The Journey of Humanity a brilliant and extensive explanation of why some societies have been more successful than others in improving the wellbeing of their populations. This explanation, full of historical and anthropological color, is deeply rooted in a carefully crafted exploration of the institutional, cultural, and environmental context that different societies across the globe have been exposed over the centuries.

Overall, Galor’s book is a unique and masterful piece that everyone who is interested in the deep roots of the modern world must read.

Javier Mejia is an economist at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist.

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Molly M. Melin, "The Building and Breaking of Peace: Corporate Activities in Civil War Prevention and Resolution" (Oxford UP, 2021) Mar 21, 2022

Private corporations are rarely discussed as playing a role in efforts to curb civil violence, even though they often have strong interests in maintaining stability. Violence often damages the infrastructure necessary to deliver goods to market or may directly target companies. Corporations also have a normative obligation to conduct business in ways that promote peace. While there are historical examples of firm-instigated violence and firms reaping benefits from instability and conflict, there is also evidence that corporations proactively engage in peacebuilding. For example, firms devise programs to promote economic development, offer access to education, and employ former combatants.

In The Building and Breaking of Peace: Corporate Activities in Civil War Prevention and Resolution(Oxford UP, 2021), Molly M. Melin develops a theory of the conflicting roles corporations play in both building and preventing peace. Melin shows that corporations engage in peacebuilding when there is a gap in the state's capacity to enforce laws, but they also weigh the opportunity costs of peacebuilding, responding to the need for action when conditions enable them to do so. Firms are uniquely situated in their ability to raise the cost of violence, and proactive firms can increase the years of peace in a country. At the same time, an active private sector can make it harder for states with ongoing conflict to reach an agreement, as they act as an additional veto player in the bargaining process.

Including original cross-national data of peacebuilding efforts by firms in Latin America, the Middle East, and Africa from 2000 to 2018, and in-depth case analyses of corporate actions and outcomes in Colombia, Northern Ireland, and Tunisia, Melin shows that corporations help to prevent violence but not resolve it. In examining the corporate motives for peacebuilding and the implications of these activities for preventing violence and conflict resolution, the book builds a more holistic picture of the peace and conflict process. The findings also help explain why armed civil conflicts persist despite the multitude of diverse actors working to end them.

Molly M. Melin is an Associate Professor in the Department of Political Science at Loyola University Chicago. Her publications on third party interventions in international conflicts, the dynamics of conflict expansion, and peacekeeping operations have appeared in International Studies Quarterly, Journal of Conflict Resolution, Conflict Management and Peace Science, and International Interactions.

Lamis Abdelaaty is an assistant professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu or tweet to @LAbdelaaty.

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Labor Exploitation and Human Trafficking in Businesses Mar 21, 2022

In the modern world, human trafficking and slavery take various forms: one such example is forced labor. But understanding exactly how and where forced labor might occur has been a challenge for researchers and regulatory authorities.

In the third episode of our new themed series In Chains, we speak with Dr. Alexis Aronowitz from University College Utrecht, Utrecht, The Netherlands, who is the author of the article, “Regulating business involvement in labor exploitation and human trafficking”.

In her article, Dr. Aronowitz has presented various case studies of labor exploitation in the service industry, such as the cocoa industry in sub-Saharan Africa. In this episode, she further talks about how exploitative labor in businesses can be regulated using various approaches.

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Natasha Iskander, "Does Skill Make Us Human?: Migrant Workers in 21st-Century Qatar and Beyond" (Princeton UP, 2021) Mar 21, 2022

Skill—specifically the distinction between the “skilled” and “unskilled”—is generally defined as a measure of ability and training, but Does Skill Make Us Human?: Migrant Workers in 21st-Century Qatar and Beyond(Princeton UP, 2021)shows instead that skill distinctions are used to limit freedom, narrow political rights, and even deny access to imagination and desire. Natasha Iskander takes readers into Qatar’s booming construction industry in the lead-up to the 2022 World Cup, and through her unprecedented look at the experiences of migrant workers, she reveals that skill functions as a marker of social difference powerful enough to structure all aspects of social and economic life.

Through unique access to construction sites in Doha, in-depth research, and interviews, Iskander explores how migrants are recruited, trained, and used. Despite their acquisition of advanced technical skills, workers are commonly described as unskilled and disparaged as “unproductive,” “poor quality,” or simply “bodies.” She demonstrates that skill categories adjudicate personhood, creating hierarchies that shape working conditions, labor recruitment, migration policy, the design of urban spaces, and the reach of global industries. Iskander also discusses how skill distinctions define industry responses to global warming, with employers recruiting migrants from climate-damaged places at lower wages and exposing these workers to Qatar’s extreme heat. She considers how the dehumanizing politics of skill might be undone through tactical solidarity and creative practices.

With implications for immigrant rights and migrant working conditions throughout the world, Does Skill Make Us Human? examines the factors that justify and amplify inequality.

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Richard A. Detweiler, "The Evidence Liberal Arts Needs: Lives of Consequence, Inquiry, and Accomplishment" (MIT Press, 2021) Mar 18, 2022

We speak with Richard Detweiler about his new book The Evidence Liberal Arts Needs: Lives of Consequence, Inquiry and Accomplishment (MIT Press, 2021).This multi-year project, which entailed interviews with a national sample of over 1,000 college graduates aged 25-64, provides convincing evidence of the benefits the liberal arts in enabling individuals to lead more fulfilling lives and successful careers. He uses an innovative definition of the liberal arts which focuses on the distinctive: 1) purpose, 2) context, and 3) content of a liberal arts education, measuring the frequency and intensity of these elements across different higher education institutions. He also shares insights from his tenure as President of Hartwick College and the head of the Great Lakes College Association.

David Finegold is the president of Chatham University.

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Scott Rozelle and Natalie Hell, "Invisible China: How the Urban-Rural Divide Threatens China’s Rise" (U Chicago Press, 2020) Mar 15, 2022

As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern.

China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere.

In Invisible China: How the Urban-Rural Divide Threatens China’s Rise (U Chicago Press, 2020), Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike.

Scott Rozelle is the Helen F. Farnsworth Senior Fellow and the co-director of the Stanford Center on China's Economy and Institutions in the Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research at Stanford University. His research focuses almost exclusively on China and is concerned with agricultural policy, the emergence and evolution of markets and other economic institutions in the transition process and inequality, with an emphasis on rural education, health and nutrition.

Rozelle's papers have been published in top academic journals, including Science, Nature, American Economic Review, and the Journal of Economic Literature. He is fluent in Chinese and has established a research program in which he has close working ties with several Chinese collaborators and policymakers. For the past 20 years, Rozelle has been the chair of the International Advisory Board of the Center for Chinese Agricultural Policy; a co-director of the University of California's Agricultural Issues Center; and a member of Stanford's Walter H. Shorenstein Asia-Pacific Research Center and the Center on Food Security and the Environment.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focuses on China’s political economy and governance.

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Vikrant Pande, "The SBI Story: Two Centuries of Banking" (Westland, 2021) Mar 15, 2022

From princes to peasants, musicians to masons, cement plant owners to casual labourers—the State Bank of India (SBI) has been the go-to bank for the people of India. Widely trusted and near-ubiquitous, the SBI has come to symbolise banking across the length and breadth of the Indian nation.

This book traces the SBI’s deep connection to India’s economic progress, and the bank’s proactive approach to change and to reinventing itself to meet the evolving needs of a growing nation. In its journey from ‘banking for the classes’ to ‘banking for the masses’, it has continuously striven to blend business goals with social obligations.

The SBI of today had its origins in the Presidency banks of the 1800s; the Bank of Bengal, the Bank of Madras and the Bank of Bombay, set up by the British to facilitate trade and the repatriation of remittances to England, were its forebears. In The SBI Story: Two Centuries of Banking (Westland, 2021), Vikrant Pande narrates the compelling circumstances that prompted the founding of the Presidency banks, how they fared back in the day and why they coalesced to emerge as the Imperial Bank in 1921, which in turn was nationalised to form the State Bank of India in 1955.

Vikrant Pande spent two decades in the corporate sector, culminating in him being appointed as the provost of India’s first ever vocational education university (TeamLease Skills University) at Vadodara, Gujarat, India. He is now a full-time author and translator, and has published twelve English translations of Marathi bestsellers. His first book, 'In the Footsteps of Rama, Travels with the Ramayana' was released in April 2021.

Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are personal and do not reflect the official position of the NIPFP or the Ministry of Finance, Government of India.

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The Future of Africa: A Discussion with James A. Robinson Mar 15, 2022

Africa is often portrayed in terms of dictators, starvation, corruption, tribalism, war, disease, poverty and crime. In this podcast Professor James A. Robinson of the University of Chicago who is co-author (with Daron Acemoglu of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Currency, 2013) explains why those stereotypes are often wrong and why he believes Africa has a brighter future than many think.

Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press.

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Peter S. Goodman, "Davos Man: How the Billionaire Class Devoured Democracy" (Custom House, 2022) Mar 11, 2022

Drawing on decades of experience covering the global economy, New York Times' journalist Peter S. Goodman profiles five representative Davos Men-members of the billionaire class-chronicling how their shocking exploitation of the global pandemic has hastened a fifty-year trend of wealth centralization. Alongside this reporting, Goodman delivers textured portraits of those caught in Davos Man's wake, including a former steelworker in the American Midwest, a Bangladeshi migrant in Qatar, a Seattle doctor on the front lines of the fight against COVID, blue-collar workers in the tenements of Buenos Aires, an African immigrant in Sweden, a textile manufacturer in Italy, an Amazon warehouse employee in New York City, and more in his book, Davos Man: How the Billionaires Devoured the World (Custom House, 2022).

Peter S. Goodman is the global economic correspondent for The New York Times, based in New York.

Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).

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Silvia M. Lindtner, "Prototype Nation: China and the Contested Promise of Innovation" (Princeton UP, 2020) Mar 10, 2022

Prototype Nation: China and the Contested Promise of Innovation (Princeton University Press, 2020) reveals how a growing distrust in Western models of progress and development, including Silicon Valley and the tech industry after the financial crisis of 2007–8, shaped the vision of China as a “new frontier” of innovation. Author Silvia Lindtner unpacks how this promise of entrepreneurial life has influenced governance, education, policy, investment, and urban redesign in ways that normalize the persistence of sexist and racist violence and various forms of labor exploitation.

Silvia Margot Lindtner (she/her) is a writer and ethnographer. She is Associate Professor at the University of Michigan in the School of Information and Director of the Center for Ethics, Society, and Computing (ESC). She is also a PIP (Public Intellectual Program) Fellow with the National Committee on United States-China Relations. Lindtner's research focuses on the cultures and politics of technology innovation, including the labor necessary to incubate entrepreneurial life, data-driven futures, and the promise of democratized agency. Drawing from more than ten years of multi-sited ethnographic research, she writes about China's shifting position in the global political economy of computing, supply chains, industrial and agricultural production, and science and technology policy.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His own research focuses on China’s political economy and governance.

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Maryam Ziaee, "Big Data Analytics Adoption in Pharmaceutical Advanced Manufacturing" Mar 10, 2022

Dr. Maryam Ziaee is a University Lecturer at Victoria University in Australia teaching and researching Operations and Supply Chain Management. Dr. Ziaee has developed a cutting-edge model for big data analytics adoption in Australia’s pharmaceutical manufacturers that has garnered more attention in the light of the COVID-19 pandemic which has thrown the global supply chain into disarray. Manufacturing organisations around the globe are transitioning to big data analytics models to ramp up production and minimise manufacturing disruptions and uncertainties which can sometimes have adverse bearings on our social fabric. The shortage of critical goods and medicines in the last two years has shown how vital the role is the new oil in the current global market, but understanding and using data still remains a challenge. This is particularly more important when people’s lives and health are at stake. Dr. Ziaee’s research project provides a model that can be applied globally in manufacturing industries to improve their demand forecasting models and develop smart and data-driven decision-making.

Dr. Maryam Ziaee is a lecturer at Victoria University. Her research interests and interdisciplinary expertise are artificial intelligence adoption and implementation in the advanced manufacturing industry, optimisation of manufacturing performance, improving supply chain processes and resilience, implementation of quality management in manufacturing practices and products, sustainable engineering systems, and lean & agile manufacturing.

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Julie Froud and Karel Williams, "Foundational Economy: The Infrastructure of Everyday Life" (Manchester UP, 2022) Mar 09, 2022

I spoke with Prof Julie Froud and Prof Karel Williams about Foundational Economy: The Infrastructure of Everyday Life (Manchester University Press, 2022).

This book originally published in English in 2018 synthesises the collective’s work of the previous five years in developing the foundational approach. It should now be read in conjunction with our The Foundational Approach (2020) guide to current thinking. But the book remains an important source for engaged citizens, active practitioners, and critical academics beyond who want to know more about the foundational economy concept and its relevance to the politics of progressive reform.

The book is relevant to all of Europe and beyond and is available as an accessibly priced paperback in four languages. MUP publishes in English with German and Italian editions available from Suhrkamp and Einaudi. The Portuguese edition was published by Actual Editora and Dutch and Turkish translations are pending. Before you buy the book, do read our introductory chapter on this website which explains the argument of the book here.

The Foundational Economy book explains how the material utilities and providential services matter economically and politically because they are the collectively consumed infrastructure of everyday life, the basis of well-being, and should be citizens' rights. The arguments about citizenship in chapter four of the book were then an important new development in foundational thinking which leads towards the edited 2020 book on The Foundational Economy and Citizenship.

The Foundational Economy book also presents the first history of the foundational economy which began heroically and ends in degradation. In the century after 1880 national and local state action built up the supply of foundational services right across Europe and North America. Since 1980 their systems of provision have been undermined by a malign and neglectful state. Drawing on earlier research by collective members, the book shows how privatisation, outsourcing and market choice import the unsuitable business models of financialized public companies and private equity. Building on this basis, the collective now distinguishes FE1.0 and FE 2.0 in thinking through the Challenge of Foundational Renewal (2020)

The final chapter of the book takes up the political challenge of thinking about how we can have a better future. It does not recommend specific policies but proposes broad principles for re-building the foundational which could mobilise old and new social actors in broad political alliances; ask the citizens what they want; reinvent taxation; lean on intermediary institutions; and do not assume the state is benign and competent. This opens the way to the collective’s subsequent arguments in the When Systems Fail (2020) report about the incapacity of the post administrative state and the need for a careful practice of policy to transition towards transformation.

A great new book that deserves a wide readership.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK.

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Bruce Wydick, "Shrewd Samaritan: Faith, Economics, and the Road to Loving Our Global Neighbor" (Thomas Nelson, 2019) Mar 08, 2022

How can we each do our part to reduce inequality and help the poor, not just in our own communities but around the world? As a devout Christian, Bruce Wydick views helping the poor as an essential requirement of his faith. But is it enough just to give if it may not even be helping? We all have limited time and resources, so where do we allocate them? As an economist, Professor Wydick has the tools to figure out what works, and what works best. As he explains in Shrewd Samaritan: Faith, Economics, and the Road to Loving Our Global Neighbor (Thomas Nelson, 2019), he wants to not just be a Good Samaritan, but a Shrewd Samaritan. Regardless of the foundations of your own ethical system, this book can help you understand not just the latest research findings from development economics, but also all the different ways you can personally contribute to reducing global inequality.

Bruce Wydick is a professor at the University of San Francisco who has conducted research on global development for over twenty-five years, publishing widely in top academic journals. In addition to his academic work, he spends his summers in Guatemala working with a non-profit development organization he founded. He also founded the University of San Francisco’s unique Master’s program in International and Development Economics, which for two decades has trained students from all around the world to be shrewd Samaritans. This program provides students with the international field experience to have a practical understanding of the problems faced by the poor, as well as the quantitative econometric tools needed to shrewdly evaluate how best to help them. Links to his research and other writings can be found here and you can follow him on Twitter here.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Alan Rubel et al., "Algorithms and Autonomy: The Ethics of Automated Decision Systems" (Cambridge UP, 2021) Mar 08, 2022

Many have experienced moments where algorithms have made us uncomfortable or suspicious. In Algorithms and Autonomy: The Ethics of Automated Decision Systems (Cambridge University Press, 2021), Rubel, Phan, and Castro outline the stories of teachers and citizens subject to the criminal justice system who face serious consequences at the hands of algorithms. With a focus on locating the a philosophical touchstone to these harms, the authors look at how ideas of autonomy and freedom are affected by algorithms. When algorithms afford those subject to their decisions no transparency to endorse its use or worse hide responsibility for their decision in a network of actors laundering their own agency, citizens are harmed and democracy is harmed. This book mount a forceful lens of what exactly algorithms in criminal justice, education, housing, elections and beyond can do to autonomy, freedom, and democracy. This title is also available as Open Access on Cambridge Core.

Dr. Alan Rubel is Professor and Director of the Information School at University of Wisconsin Madison.

Austin Clyde is a Ph.D. candidate at the University of Chicago Department of Computer Science. He researches artificial intelligence and high-performance computing for developing new scientific methods. He is also a visiting research fellow at the Harvard Kennedy School's Science, Technology, and Society program, where my research addresses the intersection of artificial intelligence, human rights, and democracy.

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Fabio Mattioli, "Dark Finance: Illiquidity and Authoritarianism at the Margins of Europe" (Stanford UP, 2020) Mar 07, 2022

Dark Finance: Illiquidity and Authoritarianism at the Margins of Europe (Stanford University Press, 2020) offers one of the first ethnographic accounts of financial expansion and its political impacts in Eastern Europe. Following workers, managers, and investors in the Macedonian construction sector, Fabio Mattioli shows how financialization can empower authoritarian regimes—not by making money accessible to everyone, but by allowing a small group of oligarchs to monopolize access to international credit and promote a cascade of exploitative domestic debt relations. The landscape of failed deals and unrealizable dreams that is captured in this book portrays finance not as a singular, technical process. Instead, Matttioli argues that finance is a set of political and economic relations that entangles citizens, Eurocrats, and workers in tense paradoxes. Mattioli traces the origins of illiquidity in the reorganization of the European project and the postsocialist perversion of socialist financial practices—a dangerous mix that hid the Macedonian regime's weakness behind a façade of urban renewal and, for a decade, made it seem omnipresent and invincible. Dark Finance chronicles how, one bad deal at a time, Macedonia's authoritarian regime rode a wave of financial expansion that deepened its reach into Macedonian society, only to discover that its domination, like all speculative bubbles, was teetering on the verge of collapse.

Mathias Fuelling is a doctoral candidate in History at Temple University, working on a political history of Czechoslovakia in the immediate post-WWII years. He can be found on Twitter at https://twitter.com/bucephalus424

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Jo Handelsman, "A World Without Soil: The Past, Present, and Precarious Future of the Earth Beneath Our Feet" (Yale UP, 2021) Mar 07, 2022

A World without Soil: The Past, Present, and Precarious Future of the Earth Beneath Our Feet (Yale University Press, 2021) by celebrated biologist Jo Handelsman lays bare the complex connections among climate change, soil erosion, food and water security, and drug discovery.

Humans depend on soil for 95 percent of global food production, yet let it erode at unsustainable rates. In the United States, China, and India, vast tracts of farmland will be barren of topsoil within this century. The combination of intensifying erosion caused by climate change and the increasing food needs of a growing world population is creating a desperate need for solutions to this crisis.

Writing for a nonspecialist audience, Jo Handelsman celebrates the capacities of soil and explores the soil-related challenges of the near future. She begins by telling soil’s origin story, explains how it erodes and the subsequent repercussions worldwide, and offers solutions. She considers lessons learned from indigenous people who have sustainably farmed the same land for thousands of years, practices developed for large-scale agriculture, and proposals using technology and policy initiatives.

Jo Handelsman is the director of the Wisconsin Institute for Discovery and a Vilas Research Professor and Howard Hughes Medical Institute Professor in the Department of Plant Pathology at the University of Wisconsin–Madison. Handelsman previously served as a science advisor to President Barack Obama.

Kayla Cohen provided research and creative contributions to A World Without Soil. She completed a master’s degree with distinction in Environment and Development at the London School of Economics.

Eyad Houssami makes theatre and has participated in the revitalization of an ancient organic farm in southern Lebanon. He is editor of the Arabic-English book Doomed by Hope: Essays on Arab Theatre (Pluto/Dar Al Adab) and was editor-at-large of Portal 9, a bilingual literary and academic journal about urbanism. His doctoral research project at the University of Leeds and this work are supported by the UK Arts & Humanities Research Council (grant number AH/R012733/1) through the White Rose College of the Arts & Humanities. A Syrian multinational, he studied at Yale and earned a certificate in beekeeping from SOILS Permaculture Association Lebanon.

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Susan Oman, "Understanding Well-being Data: Improving Social and Cultural Policy, Practice and Research" (Palgrave Macmillan, 2021) Mar 04, 2022

How can we understand well-being? In Understanding Well-being Data: Improving Social and Cultural Policy, Practice and Research(Palgrave Macmillan, 2021), Susan Oman, a Lecturer in Data, AI and Society at the University of Sheffield, explores the history of well-being, the history of measurement, and cultural policy. The book covers a huge range of subjects but is written in a clear and accessible way, making longstanding debates over research methods, happiness, government decision making, and the meaning of culture (and life!). The book also has numerous practical case studies, and is available as an open access download here. It is essential reading across the arts, humanities, and social sciences, as well as for anyone interested in the new science of well-being!

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Peter Cappelli, "The Future of the Office: Work from Home, Remote Work, and the Hard Choices We All Face" (Wharton School Press, 2021) Mar 03, 2022

The COVID-19 pandemic forced an unprecedented experiment that reshaped white-collar work and turned remote work into a kind of new normal. Now comes the hard part. Many employees want to continue that normal and keep working remotely, and most at least want the ability to work occasionally from home. But for employers, the benefits of employees working from home or hybrid approaches are not so obvious. What should both groups do?

In a prescient new book, The Future of the Office: Work from Home, Remote Work, and the Hard Choices We All Face(Wharton School Press, 2021), Wharton professor Peter Cappelli lays out the facts in an effort to provide both employees and employers with a vision of their futures. Cappelli unveils the surprising tradeoffs both may have to accept to get what they want. Cappelli illustrates the challenges we face in drawing lessons from the pandemic and deciding what to do moving forward. Do we allow some workers to be permanently remote? Do we let others choose when to work from home? Do we get rid of their offices? What else has to change, depending on the approach we choose?

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other mussings. Not always in that order. @BatizLazo

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Carolyn Chen, "Work Pray Code: When Work Becomes Religion in Silicon Valley" (Princeton UP, 2022) Mar 03, 2022

Silicon Valley is known for its lavish perks, intense work culture, and spiritual gurus. Work Pray Code: When Work Becomes Religion in Silicon Valley (Princeton UP, 2022) explores how tech companies are bringing religion into the workplace in ways that are replacing traditional places of worship, blurring the line between work and religion and transforming the very nature of spiritual experience in modern life.

Over the past forty years, highly skilled workers have been devoting more time and energy to their jobs than ever before. They are also leaving churches, synagogues, and temples in droves—but they have not abandoned religion. Carolyn Chen spent more than five years in Silicon Valley, conducting a wealth of in-depth interviews and gaining unprecedented access to the best and brightest of the tech world. The result is a penetrating account of how work now satisfies workers’ needs for belonging, identity, purpose, and transcendence that religion once met. Chen argues that tech firms are offering spiritual care such as Buddhist-inspired mindfulness practices to make their employees more productive, but that our religious traditions, communities, and public sphere are paying the price.

We all want our jobs to be meaningful and fulfilling. Work Pray Code reveals what can happen when work becomes religion, and when the workplace becomes the institution that shapes our souls.

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Jessie Singer, "There Are No Accidents: The Deadly Rise of Injury and Disaster—Who Profits and Who Pays the Price" (Simon and Schuster, 2022) Mar 02, 2022

We hear it all the time: “Sorry, it was just an accident.” And we’ve been deeply conditioned to just accept that explanation and move on. But, as Jessie Singer argues convincingly in There Are No Accidents: The Deadly Rise of Injury and Disaster—Who Profits and Who Pays the Price (Simon and Schuster, 2022), there are no such things as accidents. The vast majority of mishaps are not random but predictable and preventable. Singer uncovers how the term “accident” protects those in power and leaves the most vulnerable in harm’s way, preventing investigations, pushing off debts, blaming the victims, diluting anger, and even sparking empathy for the perpetrators.

As the rate of accidental death skyrockets in America, the poor and people of color end up bearing the brunt of the violence and blame, while the powerful use the excuse of the “accident” to avoid consequences for their actions. Born of the death of her best friend, and those who insisted it was an accident, this book is a moving investigation of the sort of tragedies that are all too common, and all too commonly ignored.

In this revelatory book, Singer tracks accidental death in America from turn-of-the-century factories and coal mines to today’s urban highways, rural hospitals, and Superfund sites. Drawing connections between traffic accidents, accidental opioid overdoses, and accidental oil spills, Singer illustrates how what we call accidents are hardly random. Rather, who lives and dies by an accident in America is defined by money and power. She also presents a variety of actions we can take as individuals and as a society to stem the tide of “accidents”—saving lives and holding the guilty to account.

Rachel Pagones is an acupuncturist, educator, and author. Before moving to the UK in 2021 she was chair of the doctoral program in acupuncture and Chinese medicine at Pacific College of Health and Science in San Diego.

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Julia Dehm, "Reconsidering REDD+: Authority, Power and Law in the Green Economy" (Cambridge UP, 2021) Feb 28, 2022

In Reconsidering REDD+: Authority, Power and Law in the Green Economy (Cambridge UP, 2021), Julia Dehm provides a critical analysis of how the Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme operates to reorganise social relations and to establish new forms of global authority over forests in the Global South, in ways that benefit the interests of some actors while further marginalising others. In accessible prose that draws on interdisciplinary insights, Dehm demonstrates how, through the creation of new legal relations, including property rights and contractual obligations, new forms of transnational authority over forested areas in the Global South are being constituted. This important work should be read by anyone interested in a critical analysis of international climate law and policy that offers insights into questions of political economy, power, and unequal authority.

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Carl Rhodes, "Woke Capitalism: How Corporate Morality is Sabotaging Democracy" (Policy Press, 2021) Feb 24, 2022

Today I talked to Carl Rhodes about his book Woke Capitalism: How Corporate Morality is Sabotaging Democracy (Policy Press, 2021).

When Milton Friedman published Capitalism and Freedom in 1962, whose freedom was he referring to? When you know the answer is corporations, you can begin to understand both what neoliberalism was all about and why today Woke Capitalism may not be so much a harbinger of socialism as it is a way to distract the conversation from real economic reforms. That’s indeed the take of Carl Rhodes, whose book explores the plutocracy that America and otherwise democratic countries are at risk of becoming if they haven’t gotten there already. Abraham Lincoln’s Gettysburg Address famously included the pledge that government “of the people, by the people, and for the people” shall not perish. Rhodes is warning, in effect, that the world of George Orwell’s Animal Farm in which some pigs are more equal than others may be now dangerously closer to the truth.

Carl Rhodes is Professor of Organization Studies at the University of Technology Sydney. There he researches the ethical and democratic dimensions of business and work. Carl regularly writes for the mainstream and independent press alike on issues related to ethics, policy, and the economy.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Rachel E Brulé, "Women, Power, and Property: The Paradox of Gender Equality Laws in India" (Cambridge UP, 2020) Feb 23, 2022

Quotas for women in government have swept the globe. Yet we know little about their capacity to upend entrenched social, political, and economic hierarchies. Property and Power seeks to explore this issue within the context of India, the world's largest democracy. Brulé uses cutting-edge research design and extensive field research to make connections among political representation, backlash, and economic empowerment. Her findings show that women in government catalyze access to fundamental economic rights: property rights. Women in politics also have the power to support constituent rights at critical junctures, such as marriage negotiations, sparking integrative solutions to intra-household bargaining. Although they can lead to backlash, quotas are essential for enforcement of rights. In this groundbreaking study, Brulé shows how quotas can operate as a crucial tool to foster equality and benefit the women they are meant to empower. Women, Power, and Property: The Paradox of Gender Equality Laws in India has been awarded the APSA’s 2021 Luebbert Prize for the Best Book in Comparative Politics.

Dr. Rachel Brule is Assistant Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Graduate Faculty with BU’s Department of Political Science, a Core Faculty at the Global Development Policy Center, and affiliated faculty with the Institute for Economic Development.

Sohini Chatterjee is a PhD Student in Gender, Sexuality, and Women's Studies at Western University, Canada. Her work has recently appeared in Women's Studies: An inter-disciplinary journal, South Asian Popular Culture and Fat Studies.

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David Boarder Giles, "A Mass Conspiracy to Feed People: Food Not Bombs and the World-Class Waste of Global Cities" (Duke UP, 2021) Feb 22, 2022

In A Mass Conspiracy to Feed People: Food Not Bombs and the World-Class Waste of Global Cities (Duke UP, 2021), David Boarder Giles explores the ways in which capitalism simultaneously manufactures waste and scarcity. Illustrating how communities of marginalized people and discarded things gather and cultivate political possibilities, Giles documents the work of Food Not Bombs (FNB), a global movement of grassroots soup kitchens that recover wasted grocery surpluses and redistribute them to those in need. He explores FNB's urban contexts: the global cities in which late-capitalist economies and unsustainable consumption precipitate excess, inequality, food waste, and hunger. Beginning in urban dumpsters, Giles traces the logic by which perfectly edible commodities are nonetheless thrown out—an act that manufactures food scarcity—to the social order of “world-class” cities, the pathways of discarded food as it circulates through the FNB kitchen, and the anticapitalist political movements the kitchen represents. Describing the mutual entanglement of global capitalism and anticapitalist transgression, Giles captures those emergent forms of generosity, solidarity, and resistance that spring from the global city's marginalized residents.

David Boarder Giles is a Lecturer in Anthropology at the School of Humanities and Social Sciences at Deakin university, Australia. His writes about waste, cities, and social movements. He is also one of the producers of Conversations in Anthropology.

Blog: https://dhboardergiles.wordpress.com/

Twitter: @DHBoarderGiles

Amir Sayadabdi is Lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism.

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Mark Devenney, "Towards an Improper Politics" (Edinburgh UP, 2020) Feb 21, 2022

Historically, discourses of racial, civilizational, and sexual difference have inevitably been entangled with, shaped by, and constitutive of institutions that divide up the land and allocate rights of access and use. Yet, traditionally, political theorists and social scientists have thought of property as an exclusively economic category, and of property rights as institutions that reflect a deeper ‘objective’ balance of power between class forces. This economistic understanding of property has not only served to erase the racialized, colonial, and gendered foundations of capitalism, but it has also led contemporary political and social theorists interested in identity and new social movements to abandon the critique of property.

In his recent book Towards an Improper Politics (Edinburgh University Press, 2020), my guest Mark Devenney argues that “property belies any crude distinction between the economic and the political.” Instead, he emphasizes that political orders always link the ability to appropriate land, labor, and commodities with discourses that delimit proper modes of being. He argues for an ‘improper’ politics that challenges both the distribution of property and the norms of propriety that serve to justify inequality.

Mark Devenney is a professor at the University of Brighton.

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Shameen Prashantham, "Gorillas Can Dance: Lessons from Microsoft and Other Corporations on Partnering with Startups" (Wiley, 2021) Feb 17, 2022

Today I talked to Shameen Prashantham about his book Gorillas Can Dance: Lessons from Microsoft and Other Corporations on Partnering with Startups (Wiley, 2021).

In a nutshell, the distrust that must be overcome in business partnerships involving large companies and startups consists of Will they screw up? versus Will they screw us over? In other words, corporations harbor concerns about the competency and reliability of their startup partners. In turn, entrepreneurs worry that they will be taken advantage of, with their I.P. being co-opted or outright stolen. To establish trust rather than fear isn’t easy, as Dr. Prashantham acknowledges in this episode. A lot of stress can only be resolved by establishing how the partnership is a true win-win. At the same time, the person at the “bridge” on the corporation’s side must be at once an advocate, a diplomat and mentor, spanning boundaries within the corporation to bring multiple business units on-board to ensure the collaboration can succeed. All this and more gets covered in this episode, which concludes by exploring how the answer to what’s the “next China” may actually be China outside of its largest, showcase cities.

Dr. Shameen Prasantham is Professor of International Business & Strategy and Associate Dean (MBA) at China Europe International Business School (CEIBS) in Shanghai, China. His academic specialty is business partnerships that contribute to sustainable development goals.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Michael Luca and Max H. Bazerman, "The Power of Experiments: Decision Making in a Data-Driven World" (MIT Press, 2021) Feb 16, 2022

Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments—also known as randomized controlled trials—designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In The Power of Experiments: Decision Making in a Data-Driven World (MIT Press, 2021), Michael Luca and Max Bazerman explain the importance of experiments for decision-making in a data-driven world.

Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money—eBay, for example, discovered how to cut $50 million from its yearly advertising budget—or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good—different ways that governments are using experiments to influence or “nudge” behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit.

In this show, Peter Lorentzen interviews economist Michael Luca about this new book on how organizations—including Google, StubHub, Airbnb, and Facebook—learn from experiments in a data-driven world.

Michael Luca, a professor of business administration at Harvard University, is an expert on the design of online platforms and the use of data to inform managerial and policy decision-making.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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William D. Ferguson, "The Political Economy of Collective Action, Inequality, and Development" (Stanford UP, 2020) Feb 15, 2022

The Political Economy of Collective Action, Inequality, and Development (Stanford UP, 2020) examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.

Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com.

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Eric Protzer and Paul Summerville, "Reclaiming Populism: How Economic Fairness Can Win Back Disenchanted Voters" (Polity Press, 2022) Feb 14, 2022

I spoke with Eric Protzer (Harvard University) and Paul Summerville (University of Victoria) about their great new book: Reclaiming Populism: How Economic Fairness Can Win Back Disenchanted Voters, published by Polity in 2022.

The book provides an original and counterintuitive analysis of what triggered populism around the world. It has received excellent reviews by journalists, policy makers, economists, and academic colleagues.

Those who read with interest 'Capital in the Twenty-First Century' and those who disagreed with Thomas Piketty shall read this book.

Eric Protzer and Paul Summerville argue that populism is a response to a profound sense that many of the world’s leading economies are unfair. The countries that have been hit by the worst populist upheavals - like the US, UK, France, and Italy – have low social mobility. Unequal economic outcomes would be better tolerated in a society where individual efforts in education and work were fully recognised. The book, based on solid empirical data, demonstrate that illiberal populism strikes hardest when success is influenced by family origins rather than talent and effort.

‘Reclaiming Populism is about 230 pages long and is organised in five chapters: 1 – The Inequality Delusion and Other Scapegoats for Populism; 2 – The Fairness Instinct; 3 – Economic Unfairness and the Rise of Populism; 4 – The Twin Virtues of Equal Opportunity and Fair Unequal Outcomes; 5 – Constraints and Solutions to Economic Fairness.

What explains contemporary developed-world populism? A largely-overlooked hypothesis, advanced herein, is economic unfairness. This idea holds that humans do not simply care about the magnitudes of final outcomes such as losses or inequalities. They care deeply about whether each individual’s economic outcomes occur for fair reasons. Thus citizens turn to populism when they do not get the economic opportunities and outcomes they think they fairly deserve. A series of cross-sectional regressions show that low social mobility – an important type of economic unfairness – consistently correlates with the geography of populism, both within and across developed countries. Conversely, income and wealth inequality do not; and neither do the prominent cultural hypotheses of immigrant stocks, social media use, nor the share of seniors in the population. Collectively, this evidence underlines the importance of economic fairness, and suggests that academics and policymakers should pay greater attention to normative, moral questions about the economy.

The book is very interesting and accessible to a wide public. For policymakers and scholars in economics, politics and sociology it is a must-read.

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Michele Alacevich, "Albert O. Hirschman: An Intellectual Biography" (Columbia UP, 2021) Feb 09, 2022

Despite the virtually unanimous agreement about his importance, describing Hirschman’s legacy and influence on others is not an easy task— arguably because he was indeed in a league of his own. His search for fresh perspectives was so eclectic that, as many have noted, no recognizable school has ever developed in his footsteps …

– Michele Alacevich, Albert O. Hirschman – An Intellectual Biography (2021)

These thoughts from the concluding chapter of Michele Alacevich’s latest book Albert O. Hirschman: An Intellectual Biography (Columbia University Press, 2021), speaks to the remarkable life and scholarship as analyzed and described in the professor’s concise and stimulating book of 330 pages including notes and index. In this episode Professor Alacevich explains the significance and ongoing relevance of the interesting work of the political economist and social scientist Hirschman who was a product of the Weimar Republic, and who later became a founding member of The Institute for Advanced Studies in Princeton. As many listeners know, Hirschman authored books such as Exit, Voice, and Loyalty, The Passions and The Interests, and The Rhetoric of Reaction – just a few of his more recognizable titles as Michele discusses many others in this interview.

For instance, Professor Alacevich describes the 1977, The Passions and The Interests, as a history of ideas wherein Hirschman tried to make sense of political developments of the time in Latin America by examining the link between economic growth and dictatorship. He also talks about the 1967, Development Projects Observed, as insightful analysis that the original publisher reissued in 2015 with a Foreword by Cass Sunstein and an Afterword written by Michele even though he modestly does not mention his own contribution in this conversation.

This new book examines the ideas and scholarly debate surrounding Hirschman’s scholarly work and is a nice complement to the 2013, The Worldly Philosopher, a Hirschman biography by Jeremy Adelman. Professor Alacevich shares many interesting insights about the relevance of Hirschman’s approach today – from how the problem of democracy was a unifying theme in his scholarship including the more formal economic analysis, as well as his emphasis on how ‘doubt’ must be at the heart of a working democracy. Michele’s thoughtful analysis of Hirschman’s important ideas and works is well-worth a listen as is a reading of his engaging intellectual biography.

Michele Alacevich is a professor of Economic History and Thought at the University of Bologna, and is currently working on a history of development economics in relation to the three questions of economic growth, democracy, and environmental sustainability.

Keith Krueger lectures at the SILC Business School in Shanghai University.

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Diane Coyle, "Cogs and Monsters: What Economics Is, and What It Should Be" (Princeton UP, 2021) Feb 08, 2022

In Cogs and Monsters: What Economics Is, and What It Should Be(Princeton UP, 2021), Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world’s crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are “cogs”—self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by “monsters”—untethered, snowballing, and socially influenced unknowns. Coyle argues that economic policy is fundamentally normative, as any policy decision will imply political trade-offs. She argues for a more diverse methodological and conceptually inform analysis while reflecting on broader issues of today such as ethics and the challenges of the digital economy.

This book has been recognized as the Financial Times Best Economics Book of the Year 2021 and a CapX Book of the Year, 2021.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other mussings. Not always in that order. @BatizLazo

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Gregg Colburn and Clayton Page Aldern, "Homelessness is a Housing Problem: How Structural Factors Explain U.S. Patterns" (U California Press, 2022) Feb 07, 2022

In Homelessness is a Housing Problem: How Structural Factors Explain U.S. Patterns (U California Press, 2022), Gregg Colburn and Clayton Page Aldern seek to explain the substantial regional variation in rates of homelessness in cities across the United States. In a departure from many analytical approaches, Colburn and Aldern shift their focus from the individual experiencing homelessness to the metropolitan area. Using accessible statistical analysis, they test a range of conventional beliefs about what drives the prevalence of homelessness in a given city-including mental illness, drug use, poverty, weather, generosity of public assistance, and low-income mobility-and find that none explain the regional variation observed across the country. Instead, housing market conditions, such as the cost and availability of rental housing, offer a far more convincing account. With rigor and clarity, Homelessness is a Housing Problem explores U.S. cities' diverse experiences with housing precarity and offers policy solutions for unique regional contexts.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Elizabeth Anderson, "Private Government: How Employers Rule Our Lives (and Why We Don't Talk about It) (Princeton UP, 2019) Feb 07, 2022

One in four American workers says their workplace is a "dictatorship." Yet that number almost certainly would be higher if we recognized employers for what they are-private governments with sweeping authoritarian power over our lives. Many employers minutely regulate workers' speech, clothing, and manners on the job, and employers often extend their authority to the off-duty lives of workers, who can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. In Private Government: How Employers Rule Our Lives (and Why We Don't Talk about It) (Princeton UP, 2019), Elizabeth Anderson examines why, despite all this, we continue to talk as if free markets make workers free, and she proposes a better way to think about the workplace, opening up space for discovering how workers can enjoy real freedom.

Elizabeth Anderson is Arthur F. Thurnau Professor and John Dewey Distinguished University Professor of Philosophy and Women's Studies at the University of Michigan and specializes in political philosophy, ethics, and feminist philosophy. She is the author of The Imperative of Integration, and Value in Ethics and Economics.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Peter Cappelli, "The Future of the Office: Work from Home, Remote Work, and the Hard Choices We All Face" (Wharton School Press, 2021) Feb 03, 2022

In this episode I spoke to Professor Peter Cappelli about his new book The Future of the Office: Work from Home, Remote Work, and the Hard Choices We All Face (University of Pennsylvania Press, 2021). The COVID-19 pandemic forced an unprecedented experiment that reshaped white-collar work and turned remote work into a kind of "new normal." Now comes the hard part.

Many employees want to continue that normal and keep working remotely, and most at least want the ability to work occasionally from home. But for employers, the benefits of employees working from home or hybrid approaches are not so obvious. What should both groups do?

In a prescient new book, Cappelli lays out the facts in an effort to provide both employees and employers with a vision of their futures. Cappelli unveils the surprising tradeoffs both may have to accept to get what they want. Cappelli illustrates the challenges we face in drawing lessons from the pandemic and deciding what to do moving forward. Do we allow some workers to be permanently remote? Do we let others choose when to work from home? Do we get rid of their offices? What else has to change, depending on the approach we choose?

His research reveals there is no consensus among business leaders. Even the most high-profile and forward-thinking companies are taking divergent approaches:

Facebook, Twitter, and other tech companies say many employees can work remotely on a permanent basis. Goldman Sachs, JP Morgan, and others say it is important for everyone to come back to the office.

Ford is redoing its office space so that most employees can work from home at least part of the time, and GM is planning to let local managers work out arrangements on an ad-hoc basis.

As Cappelli examines, earlier research on other types of remote work, including telecommuting offers some guidance as to what to expect when some people will be in the office and others work at home, and also what happened when employers tried to take back offices. Neither worked as expected.

In a call to action for both employers and employees, Cappelli explores how we should think about the choices going forward as well as who wins and who loses. As he implores, we have to choose soon.

Peter Cappelli is the George W. Taylor Professor of Management at The Wharton School of Business and Director of Wharton’s Center for Human Resources. He teaches awesome sounding courses like How to be the boss and Managing and motivating. Some of his areas of research are human resource practices, public policy related to employment, talent, and performance management. He publishes in journals like theAcademy of Management Journal and Harvard Business Review and op-eds in many magazines like The New Yorker or the Atlantic magazine.

Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. Editor New Books Network en español. Edita CEO.

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Lina Zeldovich, "The Other Dark Matter: The Science and Business of Turning Waste Into Wealth and Health" (U Chicago Press, 2021) Feb 03, 2022

The average person produces about four hundred pounds of excrement a year. More than seven billion people live on this planet. Holy crap!

Because of the diseases it spreads, we have learned to distance ourselves from our waste, but the long line of engineering marvels we've created to do so--from Roman sewage systems and medieval latrines to the immense, computerized treatment plants we use today--has also done considerable damage to the earth's ecology. Now scientists tell us: we've been wasting our waste. When recycled correctly, this resource, cheap and widely available, can be converted into a sustainable energy source, act as an organic fertilizer, provide effective medicinal therapy for antibiotic-resistant bacterial infection, and much more.

In The Other Dark Matter: The Science and Business of Turning Waste Into Wealth and Health (U Chicago Press, 2021), Lina Zeldovich documents the massive redistribution of nutrients and sanitation inequities across the globe. She profiles the pioneers of poop upcycling, from startups in African villages to innovators in American cities that convert sewage into fertilizer, biogas, crude oil, and even life-saving medicine. She breaks taboos surrounding sewage disposal and shows how hygienic waste repurposing can help battle climate change, reduce acid rain, and eliminate toxic algal blooms. Ultimately, she implores us to use our innate organic power for the greater good. Don't just sit there and let it go to waste.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland.

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Mircea Raianu, "Tata: The Global Corporation That Built Indian Capitalism" (Harvard UP, 2021) Jan 27, 2022

Nearly a century old, the grand façade of Bombay House is hard to miss in the historic business district of Mumbai. This is the iconic global headquarters of the Tata Group. Founded in 1868, the Tatas – India’s largest business conglomerate – have been a persistent and dominant presence in the economic and business life of the country. Their businesses range from salt to software, tea to automobiles, and hotels to telecommunications. Originally from Navsari, Gujarat, the Tata family are Parsis, members of a tiny ethno-religious community of Indian Zoroastrians. After getting their start in the cotton and opium trades, the Tatas ascended to commanding heights in the Indian economy by the time of independence in 1947. Over the course of its 150-year history, Tata spun textiles, forged steel, generated hydroelectric power, and took to the skies. The Tatas became notable for their extensive philanthropy and for their unique business model, with trusts owning majority shares in the business. They also faced challenges – from restive workers fighting for their rights and from political leaders who sought to curb the corporation's power.

Mircea Raianu’s Tata: The Global Corporation That Built Indian Capitalism (Harvard University Press, 2021) tells an eye-opening portrait of global capitalism spanning 150 years, through the history of the Tata corporation. Raianu’s sweeping history tracks the fortunes of a family-run business that was born during the high noon of the British Empire and went on to capture the world’s attention with the headline-making acquisition of luxury car manufacturer Jaguar Land Rover. The growth of Tata was a complex process shaped by world historical forces: the eclipse of imperial free trade, the intertwined rise of nationalism and the developmental state, and finally the return of globalization and market liberalization. Today Tata is the leading light of one of the world’s major economies, selling steel, chemicals, food, financial services, and nearly everything else, while operating philanthropic institutions that channel expert knowledge in fields such as engineering and medicine.

Based on painstaking research in the company’s archive, Tata elucidates how a titan of industry was created and what lessons its story may hold for the future of global capitalism.

Mircea Raianu is an assistant professor of history at the University of Maryland. He specializes in the history of modern South Asia, with research and teaching interests in capitalism and economic life broadly constructed.

Shatrunjay Mall is a PhD candidate at the Department of History at the University of Wisconsin-Madison. He works on transnational Asian history, and his dissertation explores intellectual, political, and cultural intersections and affinities that emerged between Indian anti-colonialism and imperial Japan in the twentieth century.

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Ben M. Bensaou, "Built to Innovate: Essential Practices to Wire Innovation into Your Company’s DNA" (McGraw Hill, 2021) Jan 27, 2022

Today I talked to Ben M. Bensaou about his new Built to Innovate: Essential Practices to Wire Innovation into Your Company’s DNA (McGraw Hill, 2021).

This episode could have just as easily been called “The Democratization of innovation.” After all, the fundamental thrust of this book and our conversation was about moving innovation beyond the “usual suspects,” i.e., executives and the R & D Department, and spreading innovation opportunities throughout companies and organizations. Most promising of all for soliciting input is actually likely to be front-line employees, for instance, who know best the frustrations and disappointments of customers. In truth, every employee and every department should be given a chance to innovate, with current and potential customers, distributors, and other business allies invited into the mix as well. Where might resistance emerge to such an expansive view of the innovation process? The answer would be middle managers, who are focused on executing the current business model. To win them over, it may be necessary to combine coaching about the importance and means of innovating with incentives. Why? Because as the saying goes, “It’s not that people see the light so much as they feel the heat.”

Ben Bensaou is a professor and former Dean of Executive Education at INSEA. He’s also been a visiting professor at the Harvard Business School, a research fellow at the Wharton School of Management, and a visiting scholar at the Haas School of Business at UC Berkeley.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Neil Vallelly, "Futilitarianism: Neoliberalism and the Production of Uselessness" (MIT Press, 2021) Jan 26, 2022

If maximizing utility leads to the greatest happiness of the greatest number of people, as utilitarianism has always proposed, then why is it that as many of us currently maximize our utility--by working endlessly, undertaking further education and training, relentlessly marketing and selling ourselves--we are met with the steady worsening of collective social and economic conditions? In Futilitarianism: Neoliberalism and the Production of Uselessness(MIT Press, 2021), social and political theorist Neil Vallelly eloquently tells the story of how neoliberalism transformed the relationship between utility maximization and the common good.

Drawing on a vast array of contemporary examples, from self-help literature and marketing jargon to political speeches and governmental responses to the COVID-19 pandemic, Vallelly coins several terms--including the futilitarian condition, homo futilitus, and semio-futility--to demonstrate that in the neoliberal decades, the practice of utility maximization traps us in useless and repetitive behaviors that foreclose the possibility of collective happiness.

This urgent and provocative book chimes with the mood of the time by at once mapping the historical relationship between utilitarianism and capitalism, developing an original framework for understanding neoliberalism, and recounting the lived experience of uselessness in the early twenty-first century. At a time of epoch-defining disasters, from climate emergencies to deadly pandemics, countering the futility of neoliberal existence is essential to building an egalitarian, sustainable, and hopeful future.

Neil Vallelly is a political and social theorist based at the University of Otago, New Zealand. His research has appeared in journals such as Rethinking Marxism, Angelaki, and Poetics Today, and magazines, including New Internationalist and ROAR. In 2022, he will take up a two-year Rutherford Foundation Postdoctoral Fellowship at Otago, working on a history of capitalism and migrant detention. An Italian translation of Futilitarianism will be published in March 2022.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Spencer Jakab, "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors" (Penguin, 2022) Jan 25, 2022

In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house’s favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Juan Manuel del Nido, "Taxis Vs. Uber: Courts, Markets and Technology in Buenos Aires" (Stanford UP, 2021) Jan 25, 2022

Uber's April 2016 launch in Buenos Aires plunged the Argentine capital into a frenzied hysteria that engulfed courts of law, taxi drivers, bureaucrats, the press, the general public, and Argentina's president himself. Economist and anthropologist Juan M. del Nido, who had arrived in the city six months earlier to research the taxi industry, suddenly found himself documenting the unprecedented upheaval in real time. Taxis Vs. Uber: Courts, Markets and Technology in Buenos Aires(Stanford UP, 2021) examines the ensuing conflict from the perspective of the city's globalist, culturally liberal middle class, showing how notions like monopoly, efficiency, innovation, competition, and freedom fueled claims that were often exaggerated, inconsistent, unverifiable, or plainly false, but that shaped the experience of the conflict such that taxi drivers' stakes in it were no longer merely disputed but progressively written off, pathologized, and explained away.

This first book-length study of the lead-up to and immediate aftermath of the arrival of a major platform economy to a metropolitan capital considers how the clash between Uber and the traditional taxi industry played out in courtrooms, in the press, and on the street. Looking to court cases, the politics of taxi licenses, social media campaigns, telecommunications infrastructure, public protests, and Uber's own promotional materials, del Nido examines the emergence of "post-political reasoning": an increasingly common way in which societies neutralize disagreement, shaping how we understand what we can even legitimately argue about and how.

Sneha Annavarapu is Assistant Professor of Urban Studies at Yale-NUS College. To know more about Sneha's work, please visit www.snehanna.com

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Helga Nowotny, "In AI We Trust: Power, Illusion and Control of Predictive Algorithms" (Polity, 2021) Jan 20, 2022

Today I talked to Helga Nowotny about her new book In AI We Trust: Power, Illusion and Control of Predictive Algorithms (Polity, 2021).

One of the most persistent concerns about the future is whether it will be dominated by the predictive algorithms of AI - and, if so, what this will mean for our behaviour, for our institutions and for what it means to be human. AI changes our experience of time and the future and challenges our identities, yet we are blinded by its efficiency and fail to understand how it affects us.

At the heart of our trust in AI lies a paradox: we leverage AI to increase our control over the future and uncertainty, while at the same time the performativity of AI, the power it has to make us act in the ways it predicts, reduces our agency over the future. This happens when we forget that that we humans have created the digital technologies to which we attribute agency. These developments also challenge the narrative of progress, which played such a central role in modernity and is based on the hubris of total control. We are now moving into an era where this control is limited as AI monitors our actions, posing the threat of surveillance, but also offering the opportunity to reappropriate control and transform it into care.

As we try to adjust to a world in which algorithms, robots and avatars play an ever-increasing role, we need to understand better the limitations of AI and how their predictions affect our agency, while at the same time having the courage to embrace the uncertainty of the future.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch.

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Bradley Schurman, "The Super Age: Decoding Our Demographic Destiny" (Harper Business, 2022) Jan 18, 2022

Societies all over the world are getting older, the result of the fact that we are living longer and having fewer children. At some point in the near future, much of the developed world will have at least twenty percent of their national populations over the age of sixty-five. Bradley Schurman calls this the Super Age. Today, Italy, Japan, and Germany have already reached the Super Age, and another ten countries will have gone over the tipping point in 2021. Thirty-five countries will be part of this club by the end of the decade. This seismic shift in the world population can portend a period of tremendous growth--or leave swaths of us behind.

In The Super Age: Decoding Our Demographic Destiny (Harper Business, 2022), Schurman explains how changing demographics will affect government and business and touch all of our lives. Fewer people working and paying income taxes, due to outdated employment and retirement practices, could mean less money feeding popular programs such as Social Security and Medicare--with greater numbers relying on them. The forced retirement or redundancy of older workers could impact business by creating a shortage of workers, which would likely drive wages up and result in inflation. Corporations, too, must rethink marketing strategies--older consumers are already purchasing the majority of new cars, and they are a growing and vitally important market for health technologies and housing. Architects and designers must re-create homes and communities that are more inclusive of people of all ages and abilities.

If we aren't prepared for the changes to come, Schurman warns, we face economic stagnation, increased isolation of at-risk populations, and accelerated decline of rural communities. Instead, we can plan now to harness the benefits of the Super Age: extended and healthier lives, more generational cooperation at work and home, and new markets and products to explore. The choice is ours to make.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch.

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A Conversation with Bijal Shah: Chief Experience Officer, Guild Education Jan 17, 2022

Bijal Shah shares story of the meteoric rise of Guild Education, the Denver-based ed tech firm that has quickly emerged as the leading marketplace for corporate education. True to its B-Corporation status, Guild focuses on building shared success for its corporate partners, adult learners and education and training providers. As a new start-up, Guild was able to sign up the U.S.'s largest private employer, Wal-Mart to provide tuition-free learning opportunities to its more than 2 million employees. This helped attract other leading employers, like Target, Chipotle, Macy's and Waste Management, and has enabled Guild to grow from 75 to more than 1300 employees in the last 4 years. Shah discusses the keys to Guild's success and whether every college and university needs a Chief Experience Officer.

David Finegold is the president of Chatham University.

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Ethnography of "Development": Tania Li on Indonesia's Oil Palm Zone Jan 14, 2022

What can years of ethnographic engagement with rural Indonesia teach us about capitalism, development, and resistance? On this episode of Ethnographic Marginalia, our guest is Dr. Tania Li, Professor of Anthropology at the University of Toronto. Tania tells us about three decades of research on development programs, local activism, and class formation in rural Indonesia. She talks about her own frustrations as a development practitioner led her to study development programs for the book The Will to Improve. She then describes how research over 20 years on how families’ lives changed with the introduction of capitalist relations in rural Indonesian highlands led to her next book, Land’s End. Finally, she explains the collaborative methodology behind her new book Plantation Life: Corporate Occupation in Indonesia's Oil Palm Zone(Duke UP, 2021), co-authored with Pujo Semedi. She talks about the insights that emerged from their different perspectives and positionality, how they used the project to inspire a whole generation of Indonesian anthropologists, and their joint efforts to avoid a colonial dynamic in their writing process.

Alex Diamond is a Ph.D. candidate in sociology at the University of Texas, Austin. Sneha Annavarapu is a postdoctoral researcher at the University of Chicago.

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Coleen Ammerman and Boris Groysberg, "Glass Half Broken: Shattering the Barriers That Still Hold Women Back at Work" (HBR Press, 2021) Jan 13, 2022

Today I talked to Colleen Ammerman about her new book (co-authored with Boris Groysberg) Glass Half Broken: Shattering the Barriers That Still Hold Women Back at Work (HBR Press, 2021).

The statistics are annoying, exasperating: choose your adjective. The proportion of female CEOs struggles to break 10%. On Fortune 500 boards, only about 0% of the seats are held by women. The problems with achieving gender fairness go on and on. Fortunately, my guest Colleen Ammerman covers many potentially solid ways of addressing the injustices still present. They include not tolerating bad behavior from “rainmakers”—even to the point of disallowing severance pay or other benefit if terminated due to sexual misconduct. Declining invitations to events that don’t prioritize gender diversity among speakers is another avenue of applying some pressure for change. From job interviews being structured before, to ensuring mentors are available, Ammerman offers a wealth of ideas. For anybody who wants to witness both structural changes and cultural changes within companies, this episode is well worth a listen.

Colleen Ammerman, the director of the Harvard Business School Gender Initiative. She’s also a researcher with Life and Leadership After HBS.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Miranda Campbell, "Reimagining the Creative Industries: Youth Creative Work, Communities of Care" (Routledge, 2021) Jan 11, 2022

How can we make creative industries fair and inclusive? In Reimagining the Creative Industries: Youth Creative Work, Communities of Care(Routledge, 2021), Miranda Campbell, an associate professor in the School of Creative Industries at Ryerson University, explores this question theoretically and empirically to present a new vision for both young creative workers and creative production itself. Drawing on ideas of ordinariness and the everyday, along with the need for care and inclusivity, the book is critical of current creative industry practice at corporate level, whilst offering new models and new methods for making culture. With examples from a range of art and cultural forms, the book is essential reading for creative industries, arts and humanities, and social science scholars, as well as for creative practitioners everywhere.

Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art.

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Alexander Etkind, "Nature′s Evil: A Cultural History of Natural Resources" (Polity Press, 2021) Jan 10, 2022

In Nature′s Evil: A Cultural History of Natural Resources (Polity Press, 2021), Alexander Etkind views the history of humankind through the prism of natural resources – how we acquire them, use them, value them, trade them, exploit them. History needs a cast of characters, and in this story the leading actors are peat and hemp, grain and iron, fur and oil, each with its own tale to tell.

The uneven spread of available resources was the prime mover for trade, which in turn led to the accumulation of wealth, the growth of inequality and the proliferation of evil. Different sorts of raw material have different political implications and give rise to different social institutions. When a country switches its reliance from one commodity to another, this often leads to wars and revolutions. But none of these crises goes to waste – they all lead to dramatic changes in the relations between matter, labour and the state.

Our world is the result of a fragile pact between people and nature. As we stand on the verge of climate catastrophe, nature has joined us in our struggle to distinguish between good and evil. And since we have failed to change the world, now is the moment to understand how it works.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch.

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Nathalie Nahai, "Business Unusual: Values, Uncertainty and the Psychology of Brand Resilience" (Kogan Page, 2022) Dec 30, 2021

Today I talked to Nathalie Nahai new book Values, Uncertainty and the Psychology of Brand Resilience (Kogan Page, 2022)

David Brooks once joked that in the end the “revolution” promised us by the Baby Boomers amounted to nothing much more than the founding of Whole Foods. What will Millennials bring us? Already it seems that the answer is a workforce and consumer-citizens for whom the values they want to live by and be known for on social media will be paramount. Why is that the case? As Nathalie Nahai argues, a primary reason is the looming environmental disaster of global warming. The stakes are high, and the result is that nothing can be taken for granted. With trust being the emotion of business, today’s agile, atomized and antagonized workplace wants more justice: for women, for blacks, for everyone who feels like the mantra of “profit with purpose” at least helps to offset, a little, the raging economic inequality of today’s economy. From cancel-culture to woke-washing, this is a hugely timely episode.

Nathalie Nahai is an acclaimed international speaker, author, and consultant, with clients ranging from Google to Unilever, Accenture and beyond.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Isaac A. Kamola, "Making the World Global: U.S. Universities and the Production of the Global Imaginary" (Duke UP, 2019) Dec 29, 2021

Following World War II the American government and philanthropic foundations fundamentally remade American universities into sites for producing knowledge about the world as a collection of distinct nation-states. As neoliberal reforms took hold in the 1980s, visions of the world made popular within area studies and international studies found themselves challenged by ideas and educational policies that originated in business schools and international financial institutions. Academics within these institutions reimagined the world instead as a single global market and higher education as a commodity to be bought and sold. By the 1990s, American universities embraced this language of globalization, and globalization eventually became the organizing logic of higher education.

In Making the World Global: U.S. Universities and the Production of the Global Imaginary(Duke UP, 2019), Isaac A. Kamola examines how the relationships among universities, the American state, philanthropic organizations, and international financial institutions created the conditions that made it possible to imagine the world as global. Examining the Center for International Studies, Harvard Business School, the World Bank, the Social Science Research Council, and NYU, Kamola demonstrates that how we imagine the world is always symptomatic of the material relations within which knowledge is produced.

Dr. Kamola is currently an Associate Professor of Political Science and President of the American Association of University Professors (AAUP) chapter at Trinity College in Hartford, Connecticut.

Sara Katz is a postdoctoral associate in the history department at Duke University.

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Andrew Zitcer, "Practicing Cooperation: Mutual Aid Beyond Capitalism" (U Minnesota Press, 2021) Dec 28, 2021

Have you ever stopped to think about your local grocery cooperative and what makes it different than, say Safeway or Giant or Whole Foods? That is, if you have a grocery cooperative in your neighborhood – they are neither ubiquitous nor evenly distributed. They do, however, offer perhaps the most visible model of how economic practices can exist outside the central dogma of capitalism.

In Practicing Cooperation: Mutual Aid Beyond Capitalism(U Minnesota Press, 2021), Andrew Zitcer uses the travails and triumphs of four non-traditional organizations to create a compelling argument for a better, more equitable way to organize social and economic practices. His portraits of two grocery co-ops and a dance collective in Philadelphia, as well as a national acupuncture multistakeholder cooperative, ground his theory in the real world where ordinary people sweat, argue, stock shelves, heal each other, and make art. But his interlocutors have an underlying passion – to create a place where cooperation, rather than competition, is the guiding principle. This approach to social practice has deep implications for the creation of a more equitable and just society. Zitcer’s personal immersion in his research yields a “loving critique” of his four case studies and offers a realistic optimism for our post-pandemic world.

Rachel Pagones is an acupuncturist, educator, and author based in Cambridge, England. Her book, Acupuncture as Revolution: Suffering, Liberation, and Love (Brevis Press) was published in 2021.

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Tobias F. Rötheli, "The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology" (Cambridge UP, 2020) Dec 28, 2021

Inflation expectations – their formation, predictive accuracy, and influence on business price-setting and household consumption – remain one of the great macroeconomic puzzles and challenges to policymakers. As inflation returns to the developed world after a decade-long abeyance, understanding them matters more than ever.

In The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology (Cambridge University Press, 2020), Tobias Rötheli has used two (relatively) new disciplines in the study of expectations: behavioral and experimental economics. Instead of applying a top-down version of rationality - like rational expectations - he uses a bottom-up model of rationality, studying individual behavior in the laboratory and then working up from the data. With some surprising results.

Tobias Rötheli has been Professor of Macroeconomics at the University of Erfurt since 2000. A graduate of the University of Bern, he has worked at the Swiss National Bank and been a visiting scholar at Harvard, Stanford and the Federal Reserve Bank of St. Louis. He is the author of five other books and a string of papers; his 2020 paper on The 8½ Equations Version of the Quantity Theory of Money mentioned in the interview can be found at: https://papers.ssrn.com/sol3/D...

*The author's own book recommendations are A History of Economic Theory: Classic Contributions 1720-1980 by Jürg Niehans (JHUP, 1994) and Raymond Carver's Collected Stories (Library of America, 2009).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors (a division of Energy Aspects).

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Smitha Radhakrishnan, "Making Women Pay: Microfinance in Urban India" (Duke UP, 2022) Dec 27, 2021

In Making Women Pay: Microfinance in Urban India(Duke UP, 2022), Smitha Radhakrishnan explores India's microfinance industry, which in the past two decades has come to saturate the everyday lives of women in the name of state-led efforts to promote financial inclusion and women's empowerment. Despite this favorable language, Radhakrishnan argues, microfinance in India does not provide a market-oriented development intervention, even though it may appear to help women borrowers. Rather, this commercial industry seeks to extract the maximum value from its customers through exploitative relationships that benefit especially class-privileged men. Through ethnography, interviews, and historical analysis, Radhakrishnan demonstrates how the unpaid and underpaid labor of marginalized women borrowers ensures both profitability and symbolic legitimacy for microfinance institutions, their employees, and their leaders. In doing so, she centralizes gender in the study of microfinance, reveals why most microfinance programs target women, and explores the exploitative implications of this targeting.

Smitha Radhakrishnan is Professor of Sociology and Luella LaMer Professor of Women’s Studies at Wellesley College. Her research examines the cultural, financial, and political dimensions of gender and globalization, with particular focus on India, the United States, and South Africa. Her most recent book, Making Women Pay: Microfinance in Urban India, examines exploitative anti-poverty practices that target women. Radhakrishnan’s previous book, Appropriately Indian: Gender and Culture in a Transnational Class (Duke University Press 2011) is a transnational ethnography of Indian IT professionals. She has previously researched the cultural politics of post-apartheid South Africa. Her articles have appeared in World Development, Gender and Society, Theory and Society, and Signs, among other prominent journals. She received her PhD in Sociology from University of California, Berkeley.

Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He co-hosts the podcast High Theory and is a co-founder of the Postcolonial Anthropocene Research Network.

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Smitha Radhakrishnan, "Making Women Pay: Microfinance in Urban India" (Duke UP, 2022) Dec 27, 2021

In Making Women Pay: Microfinance in Urban India(Duke UP, 2022), Smitha Radhakrishnan explores India's microfinance industry, which in the past two decades has come to saturate the everyday lives of women in the name of state-led efforts to promote financial inclusion and women's empowerment. Despite this favorable language, Radhakrishnan argues, microfinance in India does not provide a market-oriented development intervention, even though it may appear to help women borrowers. Rather, this commercial industry seeks to extract the maximum value from its customers through exploitative relationships that benefit especially class-privileged men. Through ethnography, interviews, and historical analysis, Radhakrishnan demonstrates how the unpaid and underpaid labor of marginalized women borrowers ensures both profitability and symbolic legitimacy for microfinance institutions, their employees, and their leaders. In doing so, she centralizes gender in the study of microfinance, reveals why most microfinance programs target women, and explores the exploitative implications of this targeting.

Smitha Radhakrishnan is Professor of Sociology and Luella LaMer Professor of Women’s Studies at Wellesley College. Her research examines the cultural, financial, and political dimensions of gender and globalization, with particular focus on India, the United States, and South Africa. Her most recent book, Making Women Pay: Microfinance in Urban India, examines exploitative anti-poverty practices that target women. Radhakrishnan’s previous book, Appropriately Indian: Gender and Culture in a Transnational Class (Duke University Press 2011) is a transnational ethnography of Indian IT professionals. She has previously researched the cultural politics of post-apartheid South Africa. Her articles have appeared in World Development, Gender and Society, Theory and Society, and Signs, among other prominent journals. She received her PhD in Sociology from University of California, Berkeley.

Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He co-hosts the podcast High Theory and is a co-founder of the Postcolonial Anthropocene Research Network.

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Yeling Tan, "Disaggregating China, Inc.: State Strategies in the Liberal Economic Order" (Cornell UP, 2021) Dec 21, 2021

Once you understand that markets require public institutions of governance and regulation in order to function well, and further, you accept that nations may have different preferences over the shape that those institutions and regulations should take, you have started to tell a story that leads you to radically different endings.

– Dani Rodrik, The Globalization Paradox (2011)

Influenced by Dani Rodrik’s research and teaching at Harvard’s Kennedy School, Yeling Tan, Assistant Professor of Political Science at the University of Oregon, and non-resident scholar at UCSD’s 21st Century China Center, has written a book that brings together her interest and expertise in China’s political economy: Disaggregrating China, Inc.: State Strategies in the Liberal Economic Order (Cornell University Press, 2021).

As you will hear, Professor Tan is interested in the dynamics of international and domestic politics with a focus on the tensions involving policy change within political economies. The development and the role of institutions especially with regard to China, given its political structure and economic governance, has provided just such an intriguing case for Tan who has been immersed in PRC-related study since graduate school.

The book frames the story of China’s WTO entry and assesses its impact on the country’s complex and sprawling structures of economic governance with the kind of inspiration that makes well-written and researched economic history as compelling as it is empirically rigorous. Professor Tan’s analysis and argument fits within the interdisciplinary sphere most aptly described as political economy as she systematically ‘disaggregates’ China’s institutional response as a one-party state to the globalizing effects of WTO engagement. Her book draws upon a rich research literature including the post-Mao reform and opening period to frame her research questions before moving into her own theory, methods, and findings – a unique contribution to the field filling the lack of studies focused on external institutional influences on the political economy of China.

As such, she moves us beyond the caricatured and monolithic simplifications underlying the bipartisan, ideologically driven interpretations reassessing the outcome of China’s WTO entry and subsequent trade policy. To liberally paraphrase a key source of her intellectual inspiration, Rodrik’s The Globalization Paradox: acknowledging the role of public institutions and the various value preferences of nations to help shape well-performing markets will lead you, as with Tan’s story, to the start of an understanding of the relationship of markets and institutions with a radically different ending in the China context.

Yeling Tan is Assistant Professor of Political Science at the University of Oregon.

Keith Krueger lectures at the SILC Business School in Shanghai University.

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Sam de Muijnck and Joris Tieleman, "Economy Studies: A Guide to Rethinking Economics Education" (Amsterdam UP, 2021) Dec 20, 2021

The Economy Studies project emerged from the worldwide movement to modernise economics education, spurred on by the global financial crisis of 2008, the climate crisis, and the COVID-19 pandemic. It envisions a wide variety of economics graduates and specialists, equipped with a broad toolkit, enabling them to collectively understand and help tackle the issues the world faces today.

Economy Studies: A Guide to Rethinking Economics Education (Amsterdam University Press, 2021) is a practical guide for (re-)designing economics courses and programs. Based on a clear conceptual framework and ten flexible building blocks, this book offers refreshing ideas and practical suggestions to stimulate student engagement and critical thinking across a wide range of courses.

Sam de Muijnck is chief economist at the Dutch independent think tank Our New Economy. Earlier, he was the chair of the Future Generations Think Tank, as well as that of the Dutch branch of the international student movement, ‘Rethinking Economics’. He completed his undergraduate economics degree at the Radboud University in Nijmegen, and then pursued an interdisciplinary research master’s at the University of Amsterdam.

Joris Tieleman completed his PhD from the Institute for Housing and Urban Development Studies, Erasmus University Rotterdam. He previously worked as a staff research journalist for the Volkskrant (a Dutch daily), and co-founded the Dutch branch of Rethinking Economics.

Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India.

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Carlo D'Ippoliti, "Democratizing the Economics Debate: Pluralism and Research Evaluation" (Routledge, 2020) Dec 17, 2021

I spoke with Dr. Carlo D’Ippoliti, Professor of Economics at the Department of statistical sciences, Sapienza University of Rome. We talked about Democratizing the Economics Debate; Pluralism and Research Evaluation. This was published in 2020 by Routledge.

It is a great book, almost a manifesto for better economics, divided into three parts: 1 How economics should be; 2 What economics is; 3 What economics could become. The book speaks to colleagues but it is perfectly accessible to students and non specialists too.

It is a book about the profession of the economist, its social relevance and responsibility. It is a book about pluralism and the impact of economics on democracy and policy making. It is a book about the metrics that we use to assess the quality of research and the dynamics that dominate the field, from careers to the tyranny of top mainstream journals.

More than a decade since the global financial crisis, economics does not exhibit signs of significant change. Mainstream economists act on an idealized image of science, which includes the convergence of all perspectives into a single supposed scientific truth.

Democratizing the Economics Debate shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics. Economics has always been characterized by a plurality of competing perspectives and research paradigms, however, there is evidence of a worrying global involution in the last 40 years. Even as the production of economics publications has exploded, the economics debate is becoming less plural and increasingly hierarchical. Among several causes, the tendency to conformism has been exacerbated in recent years with the use of formal schemes of research quality evaluation. This book documents how such schemes now cover more than half of all economists worldwide and reviews the impact of biased methods of research evaluation on the stunting of levels of pluralism in economics.

The book will be of interest to anyone who worries for the state of the democratic debate. As experts who intervene in the public debate, economists must assure society that they are working in the best possible way, which includes fostering a wide and fair scientific debate. It is this test of social legitimacy that economics currently fails.

This contribution perfectly complements two other books that Carlo has recently edited with his colleagues: 'The Routledge Handbook of Heterodox Economics' (Routledge International Handbooks) and 'Classical Economics Today, Essays in Honor of Alessandro Roncaglia' (Anthem Other Canon Economics).

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK.

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Shelley L. Koch, "Gender and Food: A Critical Look at the Food System" (Rowman and Littlefield, 2019) Dec 17, 2021

Gender and Food: A Critical Look at the Food System (Rowman and Littlefield, 2019) synthesizes existing theoretical and empirical research on food, gender, and intersectionality to offer students and scholars a framework from which to understand how gender is central to the production, distribution, and consumption of food.

Shelley L. Koch is professor of sociology at Emory & Henry College. She is the author of A Theory of Grocery Shopping: Food, Choice, and Conflict and co-editor of Food, Masculinities and Home: Interdisciplinary Perspectives. Her areas of specialization include gender, food studies, the environment, and consumer society. She also teaches in courses in the Women and Gender Studies and Food Studies programs. She received the HOPE Award in 2018 for her work on sustainable local food systems, and tends a garden and raises chickens in Washington County.

Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism.

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John Lapidus, "The Quest for a Divided Welfare State: Sweden in the Era of Privatization" (Palgrave Macmillan, 2019) Dec 16, 2021

Generous welfare states are losing their key characteristics, not least in Sweden, where privatisation of funding has proceeded privatisation of provision, beginning in the 1990s. Supplementary exclusionary sources of welfare in healthcare, education, and social care, have proliferated throughout European welfare states under the neoliberal agenda that has dominated debate across the developed world. Rather than full privatisation, we see semi-private solutions, in which the citizen becomes the consumer, but remains subsidised by the state in their pursuit of private welfare, via tax breaks that benefit the richest in society most, rather than those with the greatest need. At the same time, private providers have been able to free-ride on the state, for example by hiring like doctors and teachers trained on state-funded courses, whilst the divided welfare state erodes the more generous, universal system by undermining the trust in it and the willingness of people to contribute to it. Ultimately, it replaces one view of social policy as an investment, something that generates wealth and contributes to the future, with another, of social policy as a cost, that takes up resources rather than generates them.

John Lapidus' The Quest for a Divided Welfare State: Sweden in the Era of Privatization (Palgrave Macmillan, 2019) charts the development of this process in Sweden, beginning with the privatisation of provision, such as private hospitals and tutoring, and how it lays the groundwork for private funding, which puts pressure on existing generous and universal welfare systems sustained by the public sector. In our discussion, we identify the methods through which neoliberal advocates promote privatisation, and how ongoing privatisation becomes self-reinforcing to nullify opponents, win over ambivalent actors, and dominate the debate in the political sphere. We end on an optimistic note, looking at the education sector and discussing what we can learn from debates in this area to promote and restore equality throughout the welfare state.

John is currently a Research Fellow at the School of Business, Economics and Law within the University of Gothenberg in Sweden, where he earnt his PhD in 2015. Prior to John’s academic career, he spent several years as a journalist, and also spent time working in Nicaragua for the Swedish-Nicaragua Friendship Association, an international NGO that helps communities build self-help organisations and tackle poverty.

Leo Nasskau is an expert on the future of work and interviews authors writing about public policy and political economy — particularly how capitalism can be reformed to deliver sustainable prosperity for all. To join the discussion about this book, visit leonasskau.co.uk, and to give Leo anonymous feedback, go to bit.ly/Feedback-Leo.

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Thom Hartmann, "The Hidden History of American Healthcare: Why Sickness Bankrupts You and Makes Others Insanely Rich" (Berrett-Koehler, 2021) Dec 16, 2021

Today I talked to Thom Hartmann about his new book The Hidden History of American Healthcare: Why Sickness Bankrupts You and Makes Others Insanely Rich (Berrett-Koehler, 2021).

To hear Thom Hartmann tell it, the battle over whether healthcare should be seen as a right or a privilege has two phases in American history. From the 1880’s to the 1980’s the idea of universal American healthcare was opposed due to racist bias, i.e., to provide it would favor aiding African-Americans, too. Then from the Reagan Revolution to today, greed has taken over because the current system favors industry insiders benefitting while the average American pays more for less than is true elsewhere in the so-called Developed World. Get ready for plenty of surprises here, starting with the fact that the debate about healthcare got launched by three Germans: Karl Marx, Otto von Bismarck, and a person named Frederick Ludwig Hoffman. Never heard of the third guy? Well, at a time when Prudential Insurance was the biggest player in its sector Hoffman provided the platform for denying the healthcare that Bismarck had decided was a way to counter the appeal of Marxism.

Thom Hartmann is a four-time winner of the Project Censored Award, a New York Times bestselling authority of 32 books, and America’s #1 progressive talk radio show host.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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70 Recall This Buck 5: "Studying Up" with Daniel Souleles (EF, JP) Dec 16, 2021

John and Elizabeth continue their conversation with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019).

Dan’s work fits into a newish approach in anthropology of researching people with greater power and influence than the researchers themselves. That's sometimes called "studying up" and Dan and Elizabeth (who's writing a book about gold, after all!) have both thought a lot about it.

Read the transcript here.

Read Aneil Tripathy's RTB piece about actuarial time scales and how they shape the sort of anthropology that both he and Souleles practice.

Elizabeth Ferry is Professor of Anthropology at Brandeis University. Email: ferry@brandeis.edu. John Plotz is Barbara Mandel Professor of the Humanities at Brandeis University and co-founder of the Brandeis Educational Justice Initiative. Email: plotz@brandeis.edu.

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Erin Cech, "The Trouble with Passion: How Searching for Fulfillment at Work Fosters Inequality" (U California Press, 2021) Dec 15, 2021

Should we love work? In The Trouble with Passion: How Searching for Fulfillment at Work Fosters Inequality (U California Press, 2021), Erin Cech, an Associate Professor of Sociology at the University of Michigan, demonstrates how having passion for work fosters and reinforces a wide range of social inequalities. Drawing on extensive fieldwork and data analysis, the book combines qualitative and quantitative data to elaborate and theorise ‘the passion principle’ that underpins how the more advantaged justify the inequalities associated with education and the labour market. Alongside revealing who benefits, and who suffers, from the ideology that people must be passionate about work, the book gives strategies and ideas on how to challenge and change the passion principle. The book will be essential reading across academia and for anyone interested in contemporary working life.

Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art.

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Elizabeth Korver-Glenn, "Race Brokers: Housing Markets and Segregation in 21st Century Urban America" (Oxford UP, 2021) Dec 15, 2021

Elizabeth Korver-Glenn's book Race Brokers: Housing Markets and Segregation in 21st Century Urban America (Oxford UP, 2021) examines how housing market professionals-including housing developers, real estate agents, mortgage lenders, and appraisers-construct 21st century urban housing markets in ways that contribute to or undermine racial segregation.

Drawing on extensive ethnographic and interview data collected in Houston, Texas, Race Brokers shows that housing market professionals play a key role in connecting people-or refusing to connect people-to housing resources and opportunities. They make these brokering decisions through reference to racist or anti-racist ideas. Typically, housing market professionals draw from racist ideas that rank-order people and neighborhoods according to their perceived economic and cultural housing market value, entwining racism with their housing market activities and interactions. Racialized housing market routines encourage this entwinement by naturalizing racism as a professional tool. Race Brokers tracks how professionals broker racism across the housing exchange process-from the home's construction, to real estate brokerage, mortgage lending, home appraisals, and the home sale closing. In doing so, it shows that professionals make housing exchange a racialized process that contributes to neighborhood inequality and racial segregation. However, in contrast to the racialized status-quo, a small number of housing market professionals draw on anti-racist ideas and strategies to extend equal opportunities to individuals and neighborhoods, de-naturalizing housing market racism. Race Brokers highlights the imperative to interrupt the racism that pervades housing market professionals' work, dismantle the racialized routines that underwrite such racism, and cultivate a truly fair housing market.

Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY).

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Margaret Jacobs, “Enlightened Entrepreneurialism” (Open Agenda, 2021) Dec 14, 2021

Enlightened Entrepreneurialism is based on an in-depth filmed conversation between Howard Burton and Margaret Jacob, Distinguished Professor of History at UCLA. Topics examined during this extensive conversation include Margaret Jacob’s motivations to become a historian and her comprehensive analysis of the history of the Industrial Revolution and interpretation of the major economic motivations on the ground, comparing daily life experiences in England, France, Belgium and the Netherlands. A sophisticated understanding of the past naturally involves a composite approach that marries economic motivations with associated cultural factors of educational trends, religious influences and scientific and technological awareness, and more.

Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Jarmo T. Kotilaine, "Trials of Resilience: How Covid-19 Is Driving Economic Change in the Arab Gulf" (Gilgamesh, 2021) Dec 13, 2021

The Gulf region can no longer rely on the traditional growth drivers – oil, government spending, and large infrastructure projects. The anticipated rise in living standards must come by other means. But the extraordinary destruction of demand during the pandemic has underscored the persistent volatility of oil markets.

In Trials of Resilience: How Covid-19 Is Driving Economic Change in the Arab Gulf (Gilgamesh, 2021), Jarmo T. Kotilaine argues that the crisis has also shown that the region needs stronger businesses now more than ever. The long-standing and deeply felt need to bring the private sector to the forefront, driving growth through businesses that are more dynamic and technology-based, has to be a central tenet of all government policy in the region. This is where the role of the virus will be ambiguous. By revealing the risks and costs of trying to stand by ‘business as usual’, it will serve as an important wake-up call for the need to plan for longer term prosperity. Nowhere is this more so than in the corporate sector and the labour markets, where the virus might even serve as a powerful catalyst for changes that have been anticipated for decades.

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Priya Fielding-Singh, "How the Other Half Eats: The Untold Story of Food and Inequality in America" (Little Brown Spark, 2021) Dec 10, 2021

Inequality in America manifests in many ways, but perhaps nowhere more than in how we eat. From her years of field research, sociologist and ethnographer Priya Fielding-Singh brings us into the kitchens of dozens of families from varied educational, economic, and ethnoracial backgrounds to explore how—and why—we eat the way we do. In How the Other Half Eats: The Untold Story of Food and Inequality in America (Little Brown Spark, 2021), we get to know four families intimately: the Bakers, a Black family living below the federal poverty line; the Williamses, a working-class white family just above it; the Ortegas, a middle-class Latinx family; and the Cains, an affluent white family.

Whether it's worrying about how far pantry provisions can stretch or whether there's enough time to get dinner on the table before soccer practice, all families have unique experiences that reveal their particular dietary constraints and challenges. By diving into the nuances of these families’ lives, Fielding-Singh lays bare the limits of efforts narrowly focused on improving families’ food access. Instead, she reveals how being rich or poor in America impacts something even more fundamental than the food families can afford: these experiences impact the very meaning of food itself.

Packed with lyrical storytelling and groundbreaking research, as well as Fielding-Singh’s personal experiences with food as a biracial, South Asian American woman, How the Other Half Eats illuminates exactly how inequality starts on the dinner plate. Once you’ve taken a seat at tables across America, you’ll never think about class, food, and public health the same way again.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Kate Fortmueller, "Hollywood Shutdown: Production, Distribution, and Exhibition in the Time of COVID" (U Texas Press, 2021) Dec 09, 2021

By March 2020, the spread of COVID-19 had reached pandemic proportions, forcing widespread shutdowns across industries, including Hollywood. Studios, networks, production companies, and the thousands of workers who make film and television possible were forced to adjust their time-honored business and labor practices. In Hollywood Shutdown: Production, Distribution, and Exhibition in the Time of COVID (U Texas Press, 2021), Kate Fortmueller asks what happened when the coronavirus closed Hollywood. Hollywood Shutdown examines how the COVID-19 pandemic affected film and television production, influenced trends in distribution, reshaped theatrical exhibition, and altered labor practices. From January movie theater closures in China to the bumpy September release of Mulan on the Disney+ streaming platform, Fortmueller probes various choices made by studios, networks, unions and guilds, distributors, and exhibitors during the evolving crisis. In seeking to explain what happened in the first nine months of 2020, this book also considers how the pandemic will transform Hollywood practices in the twenty-first century.

Joel Tscherne is an Adjunct History Professor at Southern New Hampshire University. His Twitter handle is @JoelTscherne.

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Jamie Mustard, "The Iconist: The Art and Science of Standing Out" (BenBella Books, 2019) Dec 09, 2021

Today I talked to Jamie Mustard about his new book The Iconist: The Art and Science of Standing Out (BenBella Books, 2019).

Ever feel like you’re “screaming” to be heard but in a world saturated by social media messages, et cetera, your “messages” are falling on deaf ears? If so, Jamie Mustard has a solution to propose. In short, you need to follow the Primal Laws of Attention. In essence, that means be bigger, brighter, and bolder than ever before in history to break through the clutter. In greater detail, those laws entail steps like the following: use repetition, deliver an emotional jolt by addressing the audience’s primary emotional concern, and practice transparency that establishes your authenticity. Most of all, engage in radical simplicity. If what you are saying can’t be readily understand, forget it. Then to back up that radical simplicity, the “shaft” behind that arrowhead of simplicity is sufficient information to make the messaging worthwhile. All of that—and more—delivered by Mustard in an impassioned episode.

Jamie Mustard is a London School of Economic graduate; he’s also an artist, filmmaker, consultant, and a leading authority on branding, art, design, and media perception.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Fiona Hill, "There Is Nothing for You Here: Opportunity in an Age of Decline" (Mariner Books, 2021) Dec 09, 2021

Today I talked to the remarkable Fiona Hill about her new memoir There Is Nothing for You Here: Opportunity in an Age of Decline (Mariner Books, 2021). We talked about the decline of older coal and steel industries (and economic dislocation generally), how this decline relates to the rise of populism in the Russia and the West, and her decision to join the Trump administration as a national security advisor. She is insightful and interesting about all of it. Enjoy.

Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com.

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Donald Cohen and Allen Mikaelian, "The Privatization of Everything: How the Plunder of Public Goods Transformed America and How We Can Fight Back" (New Press, 2021) Dec 06, 2021

As people reach for social justice and better lives, they create public goods--free education, public health, open parks, clean water, and many others--that must be kept out of the market. When private interests take over, they strip public goods of their power to lift people up, creating instead a tool to diminish democracy, further inequality, and separate us from each other.

The Privatization of Everything: How the Plunder of Public Goods Transformed America and How We Can Fight Back (New Press, 2021), by the founder of In the Public Interest, an organization dedicated to shared prosperity and the common good, chronicles the efforts to turn our public goods into private profit centers. The Privatization of Everything connects the dots across a broad spectrum of issues and raises larger questions about who controls the public things we all rely on, exposing the hidden crisis of privatization that has been slowly unfolding over the last fifty years and giving us a road map for taking our country back.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Fabio Parasecoli, "Food" (MIT, 2019) Dec 06, 2021

Everybody eats. We may even consider ourselves experts on the topic, or at least Instagram experts. But are we aware that the shrimp in our freezer may be farmed and frozen in Vietnam, the grapes in our fruit bowl shipped from Chile, and the coffee in our coffee maker grown in Nicaragua, roasted in Germany, and distributed in Canada? Whether we know it or not, every time we shop for food, cook, and eat, we connect ourselves to complex supply networks, institutions, and organizations that enable our food choices. Even locavores may not know the whole story of the produce they buy at the farmers market. In Food, a contribution to the MIT Press Essential Knowledge series, food writer and scholar Fabio Parasecoli offers a consumer's guide to the food system, from local to global.

Parasecoli describes a system made up of open-ended, shifting, and unstable networks rather than well-defined chains; considers healthy food and the contradictory advice about it consumers receive; discusses food waste and the implications for sustainability; explores food technologies (and “culinary luddism”); and examines hunger and food insecurity in both developing and developed countries. Parasecoli reminds us that we are not only consumers but also citizens, and as citizens we have more power to improve the food system than we do by our individual food choices.

Fabio Parasecoli is a Professor in the Department of Nutrition and Food Studies, The New York University Steinhardt. His research explores the cultural politics of food, particularly in media, design, and heritage. His books include Al Dente: A History of Food in Italy, Feasting Our Eyes: Food, Film, and Cultural Citizenship in the US, Knowing Where It Comes From: Labeling Traditional Foods to Compete in a Global Market, and Global Brooklyn: Designing Food Experiences in World Cities. Website: https://fabioparasecoli.com/ Twitter: @FParasecoli

Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism.

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Brian Epstein, “The Social World, Reexamined” (Open Agenda, 2021) Dec 06, 2021

The Social World, Reexamined is based on an in-depth filmed conversation between Howard Burton and Brian Epstein, Associate Professor of Philosophy at Tufts University. Brian Epstein’s career as a management consultant piqued his interest and his later research into the reasons why our current models of economics, politics and other areas of social science so often go terribly wrong. The conversation explores how we can dramatically improve our current economic and political models by reexamining our assumptions about the nature of the social world.

Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Thane Gustafson, "Klimat: Russia in the Age of Climate Change" (Harvard UP, 2021) Dec 03, 2021

With COP26 and high fossil fuel prices, energy is back in the headlines. And Russia, as one of the world’s largest producers of hydrocarbons, is part of the conversation--most recently, in Putin’s refusal to expand oil production to ease global prices.

The world is coming up on three major transitions—peak use of fossil fuels, renewables competing with non-renewables, and a warming climate likely to surpass the 1.5 degree threshold set by the IPCC.

What do those trends mean for Russia: a great power, a major oil and gas producer, an Arctic country covered in permafrost, and an economy with strong, but increasingly outdated, levels of technological development.

Klimat: Russia in the Age of Climate Change (Harvard University Press, 2021), by Professor Thane Gustafson, examines how Russia might react—or be forced to react—to a changing environment and energy market.

In this interview, the three of us will talk about how Russia will have to change as the world warms. As the world shifts to renewables, will Russia be able to keep up? As Arctic ice melts, will Russia see shipping opportunities? And will climate change get greater salience among the Russian public?

Thane Gustafson is Professor of Government at Georgetown University. A widely recognized authority on Russian political economy and formerly a professor at Harvard University, he is the author of many books, notably The Bridge: Natural Gas in a Redivided Europe (Harvard University Press: 2020) and Wheel of Fortune: The Battle for Oil and Power in Russia (Harvard University Press: 2017), as well as Russia 2010: And What It Means for the World (Vintage: 1995), coauthored with Daniel Yergin.

We’re also joined in this interview by Yvonne Lau. Yvonne is the Asia Markets Reporter for Fortune Magazine, with a longtime interest in Russia, especially its post-Soviet economic development and its growing ties with China.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Klimat. Follow on Facebook or on Twitter at @BookReviewsAsia.

Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.

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Margherita Zanasi, "Economic Thought in Modern China: Market and Consumption, c.1500–1937" (Cambridge UP, 2020) Dec 03, 2021

In Economic Thought in Modern China: Market and Consumption, c.1500–1937(Cambridge University Press, 2020), Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arguing in favour of ending long-standing rules against luxury consumption, an idea that emerged in Europe in the late seventeenth and early nineteenth centuries. Zanasi challenges Eurocentric theories of economic modernization as well as the assumption that European Enlightenment thought was unique in its ability to produce innovative economic ideas. She instead establishes a direct connection between observations of local economic conditions and the formulation of new theories, revealing the unexpected flexibility of the Confucian tradition and its accommodation of seemingly unorthodox ideas.

Margherita Zanasi is Professor of Chinese History at Louisiana State University. She has published widely on different aspects of modern China's history, including her first book Saving the Nation: Economic Modernity in Republican China (University of Chicago Press, 2005). She also serves as the editor of the journal Twentieth Century China.

Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, is forthcoming with Cambridge University Press.

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69 Recall this Buck 4: Daniel Souleles on Private Equity (JP, EF) Dec 02, 2021

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it.

Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments.

Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society.

We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations).

Mentioned in this episode:

Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco
Karen Ho Liquidated; ethnography of Wall Street, and of "smartness"
Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber)
Bret Easton Ellis, American Psycho (1991)

The transcript for this episode is here.

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David Avrin, "Why Customers Leave (And How to Win Them Back)" (Career Press, 2019) Dec 02, 2021

Today I talked to David Avrin about his new book Why Customers Leave (And How to Win Them Back) (Career Press, 2019).

There are three central themes to this book: immediacy (customers want instant gratification), individuality (offer flexible, customized assistance) and humanity (show interest and concern for those you are assisting). Of them, as David Avrin notes in this pleasing, semi-rant of an interview, immediacy should be the easiest for companies to act on. Unfortunately, automation is paradoxically making immediacy often harder to achieve. Other ironies worth noting from Avrin’s perspective include: companies trying to head off negative off-line reviews with surveys that don’t bring about change; and front-line employees who can figure out quicker than their managers what could and should be improved on. If upgrades don’t happen, what’s the solution? Run an exercise where employees are encouraged to formulate plans on how a competitor could undercut the company they currently work for by making the changes they detect would be beneficial. That move—or threat--would get management’s attention if nothing else will!

David Avrin is a highly popular speaker and consultant on the topics of the customer experience as well as on marketing. He’s a former CEO group leader and speaker for Vistage International. This is his third book, following It’s Not Who You Know, It’s Who Knows You and Visibility Marketing.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Paul Collier, "The Future of Capitalism: Facing the New Anxieties" (Harper, 2019) Nov 30, 2021

Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces; the high-skilled elite versus the less educated. As these divides deepen, we have lost the sense of ethical, reciprocal obligations to others that were crucial to the rise of post-war prosperity — and are inherently aligned with how humans are meant to live: in a friendly, collaborative community. So far these rifts have been answered only by ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right across much of Europe.

Sir Paul Collier’s The Future of Capitalism: Facing the New Anxieties (Harper, 2019), winner of the 2019 Handelsblatt Prize, provides a diagnosis for how these anxieties have arrived, alongside a pragmatic and ambitious prescription for how we can address them. In our conversation, we trace these anxieties of 21st century capitalism back to their ethical, economic, and social roots and discuss ideas to rebuild reciprocal obligations in our society, paving the way to more sustainable, more kind, and more successful future of capitalism.

Paul is currently Professor of Economics and Public Policy at the Blavatnik School of Government at the University of Oxford and a Director of the International Growth Centre in London. He is a world-renowned development economist, working with governments around the world; an award-winning author, notably writing The Bottom Billion, on how the world’s poorest countries can achieve prosperity, and most recently Greed is Dead, with Sir John Kay; and frequently writes for magazines such as Prospect and the New Statesman.

Host, Leo Nasskau, is an expert on the future of work and interviews authors writing about public policy and political economy — particularly how capitalism can be reformed to deliver sustainable prosperity for all.

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Joshua Sbicca, "Food Justice Now!: Deepening the Roots of Social Struggle" (U Minnesota Press, 2018) Nov 23, 2021

Food Justice Now: Deepening the Roots of Social Struggle (University of Minnesota Press, 2018) charts a path from food activism to social justice activism that integrates the two. In an engrossing, historically grounded, and ethnographically rich narrative, Joshua Sbicca argues that food justice is more than a myopic focus on food, allowing scholars and activists alike to investigate the causes behind inequities and evaluate and implement political strategies to overcome them.

Joshua Sbicca is associate professor of sociology at Colorado State University. His research focuses on food as a site of economic, political, and social struggle. His recent work studies food systems and cultures and social movements at intersections of carcerality, gentrification, and racial capitalism. Underlying these interests is an ongoing engagement with how activists and scholars articulate and practice food justice and what this means for building broad based social movements.

Website: http://joshuasbicca.com/

Twitter: @joshsbicca

Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism.

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Scott Cunningham, "Causal Inference: The Mixtape" (Yale UP, 2021) Nov 19, 2021

Just about everyone knows correlation does not equal causation, and probably that a randomized controlled experiment is the best way to solve that problem, if you can do one. If you’ve been following the economics discipline you will have heard about the Nobel Prize given to Abhijit Banerjee, Esther Duflo, and Michael Kremer for their work applying the experimental method to test real-world policy interventions out in the field. But what if you can’t do this? Are you just stuck with untestable claims? This year’s Nobel Prize to Josh Angrist, David Card, and Guido Imbens for methods of causal inference with observational data confirms that you don't have to give up. Scott Cunningham’s Causal Inference: The Mixtape (Yale UP, 2021) provides an accessible practical introduction to techniques developed by these luminaries and others. Along with the statistical theory, it provides intuitive explanations of these techniques, and examples of the computer code needed to run them. In our conversation we discuss why economists needed these techniques and how they work.

Scott Cunningham is a professor of economics at Baylor University. He researches topics including mental healthcare, sex work, abortion and drug policy. He is active on Twitter, has a blog on Substack, and frequently conducts workshops on causal inference methods. A complete web version of his book is available here.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Kate Fortmueller, "Below the Stars: How the Labor of Working Actors and Extras Shapes Media Production" (U Texas Press, 2021) Nov 18, 2021

Despite their considerable presence in Hollywood, extras and working actors have received scant attention within film and media studies as significant contributors to the history of the industry. Looking not to the stars but to these supporting players in film, television, and, recently, streaming programming, Below the Stars: How the Labor of Working Actors and Extras Shapes Media Production (University of Texas Press, 2021), highlights such actors as precarious laborers whose work as freelancers has critically shaped the entertainment industry throughout the twentieth and twenty-first centuries. In the books, Kate Fortmueller, Assistant Professor at the University of Georgia, proposes a media industry history that positions underrepresented and quotidian experiences as the structural elements of the culture and business of Hollywood. Resisting a top-down assessment, Fortmueller explores the wrangling of labor unions and guilds that advocated for collective action for everyday actors and helped shape professional norms. She pulls from archival research, in-person interviews, and firsthand observation to examine a history that cuts across industry boundaries and situates actors as a labor group at the center of industrial and technological upheavals, with lasting implications for race, gender, and labor relations in Hollywood.

Joel Tscherne is an Adjunct History Professor at Southern New Hampshire University. His Twitter handle is @JoelTscherne.

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Gabriella Lukács, "Invisibility by Design: Women and Labor in Japan's Digital Economy" (Duke UP, 2020) Nov 18, 2021

In the wake of labor market deregulation during the 2000s, online content sharing and social networking platforms were promoted in Japan as new sites of work that were accessible to anyone. Enticed by the chance to build personally fulfilling careers, many young women entered Japan's digital economy by performing unpaid labor as photographers, net idols, bloggers, online traders, and cell phone novelists. While some women leveraged digital technology to create successful careers, most did not. In Invisibility by Design: Women and Labor in Japan's Digital Economy(Duke UP, 2020), Gabriella Lukács traces how these women's unpaid labor became the engine of Japan's digital economy. Drawing on interviews with young women who strove to sculpt careers in the digital economy, Lukács shows how platform owners tapped unpaid labor to create innovative profit-generating practices without employing workers, thereby rendering women's labor invisible. By drawing out the ways in which labor precarity generates a demand for feminized affective labor, Lukács underscores the fallacy of the digital economy as a more democratic, egalitarian, and inclusive mode of production.

Jingyi Li is a PhD Candidate in Japanese History at the University of Arizona. She researches about early modern Japan, literati, and commercial publishing.

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J. Shapiro and J-A. McNeish, "Our Extractive Age: Expressions of Violence and Resistance" (Routledge, 2021) Nov 16, 2021

Judith Shapiro and John-Andrew McNeish's book Our Extractive Age: Expressions of Violence and Resistance (Routledge, 2021) emphasizes how the spectrum of violence associated with natural resource extraction permeates contemporary collective life.

Chronicling the increasing rates of brutal suppression of local environmental and labor activists in rural and urban sites of extraction, this volume also foregrounds related violence in areas we might not expect, such as infrastructural developments, protected areas for nature conservation, and even geoengineering in the name of carbon mitigation. Contributors argue that extractive violence is not an accident or side effect, but rather a core logic of the 21st Century planetary experience. Acknowledgement is made not only of the visible violence involved in the securitization of extractive enclaves, but also of the symbolic and structural violence that the governance, economics, and governmentality of extraction have produced. Extractive violence is shown not only to be a spectacular event, but an extended dynamic that can be silent, invisible, and gradual. The volume also recognizes that much of the new violence of extraction has become cloaked in the discourse of "green development," "green building," and efforts to mitigate the planetary environmental crisis through totalizing technologies. Ironically, green technologies and other contemporary efforts to tackle environmental ills often themselves depend on the continuance of social exploitation and the contaminating practices of non-renewable extraction. But as this volume shows, resistance is also as multi-scalar and heterogeneous as the violence it inspires.

Dr Marc Hudson is a research fellow in the politics of industrial decarbonisation policy at the Science Policy Research Unit, University of Sussex, UK.

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Anne Meng, "Constraining Dictatorship: From Personalized Rule to Institutionalized Regimes" (Cambridge UP, 2020) Nov 12, 2021

Why do weak autocrats create strong autocracies? Using game-theoretic logic and an analysis of the post-colonial experience of sub-Saharan Africa, Anne Meng shows that by creating institutions that incorporate other elites into the inner circles of power, dictators create regimes that can outlast their founders. By creating clear lines of succession, they avoid disruptive power struggles that could bring down the regime.

Anne Meng is a professor of political science at the University of Virginia who studies authoritarian institutions. She received her PhD from the University of California, Berkeley.

Host Peter Lorentzen is a professor of economics at the University of San Francisco. His research examines the political economy of governance and development in China.

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Anthea Roberts and Nicolas Lamp, "Six Faces of Globalization: Who Wins, Who Loses, and Why It Matters" (Harvard UP, 2021) Nov 04, 2021

Globalization is possibly the most important economic phenomenon of the past several decades. Opening borders, increasing trade and deepening integration has transformed our economies, our societies and our politics. Globalization changed establishment politics; the reaction against it transformed those against the establishment.

But there’s a world of difference between Donald Trump and Bernie Sanders’ critiques of globalization. And those who have concerns about globalization due so for different reasons, building different alliances as they work to implement, reform or roll back globalization.

Anthea Roberts and Nicolas Lamp, authors of Six Faces of Globalization: Who Wins, Who Loses, and Why It Matters(Harvard University Press: 2021) looks more closely at these debates, building out distinct narratives that classify how we should think about the politics of globalization, and how different political movements understand who wins from globalization: everyone, a few, or nobody.

Those interested in learning more about the book and its arguments:

“Who wins and who loses from globalization? There are (at least) six answers”, a book excerpt published on BigThink
“Want to know what future battles over globalization will be about? Look to the chip shortage”, a commentary piece published on Fortune
Paul Krugman and Branko Milanovic in conversation with Anthea Roberts and Nicolas Lamp

In this interview, Anthea, Nicolas and I talk about the politics of globalization: the arguments used to support it, and the stories used to criticize it. We explore some of the interesting intersections between these arguments … and where we think the politics of globalization might go from here.

Anthea Roberts is professor in the School of Regulation and Global Governance at Australian National University and author of the prizewinning Is International Law International? (Oxford University Press: 2017).

Nicolas Lamp is associate professor in the Faculty of Law at Queen’s University, Ontario. Before joining Queen’s University, he worked as a dispute settlement lawyer at the World Trade Organization.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Six Faces of Globalization. Follow on Facebook or on Twitter at @BookReviewsAsia.

Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.

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Bernard Scott, "Cybernetics for the Social Sciences" (Brill, 2021) Nov 03, 2021

On this episode, I have the great pleasure of finally getting to talk with one of the “unsung heroes” of cybernetics, whose work has finally begun to receive the critical attention it has long deserved, and upon which I have leaned quite heavily in my own work since I entered this field. With Cybernetics for the Social Sciences, out from Brill in 2021, Bernard Scott has met a long-felt need by authoring a book that shows the foundational relevance of cybernetics for such fields as psychology, sociology, and anthropology. Scott provides user-friendly descriptions of the core concepts of cybernetics, with examples of how they can be used in the social sciences, and explains how cybernetics functions as a transdiscipline that unifies other disciplines and a metadiscipline that provides insights about how other disciplines function. He provides an account of how cybernetics emerged as a distinct field, following interdisciplinary meetings in the 1940s, convened to explore feedback and circular causality in biological and social systems and also recounts how encountering cybernetics transformed his thinking and his understanding of life in general.

Tom Scholte is a Professor of Directing and Acting in the Department of Theatre and Film at the University of British Columbia located on the unceded, ancestral, and traditional territory of the Musqueam people

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Gero Leson, "Honor Thy Label: Dr. Bronner's Unconventional Journey to a Clean, Green, and Ethical Supply Chain" (Portfolio, 2021) Nov 02, 2021

Supply chains - and, especially, their points of failure - have become a global hot topic, encouraging us all to take a closer look at how goods move around the globe. Dr. Gero Leson has spent the better part of his career developing supply chains from the ground up, modeling a community-driven approach that holds a vision of interconnection and a broader understanding of success for Western culture.

At natural soap company Dr. Bronner’s, Leson and his colleagues and collaborators have developed ingredient supply chains for key ingredients, including palm oil, cocoa, and olive oil, that have aimed to honor people and process as much as product. At times, the results have been humbling, but, also, educational and human-centered. Working in communities around the globe, including Ghana, India, and Sri Lanka, Leson’s sourcing stories demonstrate how working closely with people and recognizing the role of serendipity can have surprising and dynamic results--and lead to regenerative, more socially just supply chains. In Honor Thy Label: Dr. Bronner's Unconventional Journey to a Clean, Green, and Ethical Supply Chain (Portfolio, 2021), Leson shares case studies of his work and offers insight into the complexity of critical supply chain issues, including sustainability, regenerative organic agriculture, and fair trade.

Dr. Gero Lasen is the vice president of special operations at Dr. Bronners, a top-selling brand of soaps in North America. After joining the company in 2005, he helped its transition to sourcing all major ingredients directly from certified fair trade and organic projects, built from scratch and supplied by small scale farms. Under his leadership, Dr Bronners has become a pathfinder in the global movement to establish socially just and environmentally responsible supply chains. Leson holds a masters in physics and a doctorate in environmental science and engineering. He is a regular speaker on business, sustainability, fair trade, and regenerative organic agriculture.

Dr. Susan Grelock Yusem is an independent researcher trained in depth psychology, with an emphasis on community, liberation, and eco-psychologies. Her work centers around interconnection and encompasses regenerative food systems, the arts and conservation.

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Matthew J. Holian, "Data and the American Dream: Contemporary Social Controversies and the American Community Survey" (Palgrave Macmillan, 2021) Nov 02, 2021

How much do new building codes reduce energy usage? How much and it what ways does it matter for an immigrant to be able to work legally? How has the Affordable Care Act affected people’s work decisions? How did the Great Recession affect women’s childbearing decisions? New statistical and econometric techniques give us better ways of distinguishing correlation from causation even when an experiment would be impossible or unethical. In Data and the American Dream: Contemporary Social Controversies and the American Community Survey, economist Matthew Holian provides a practical introduction to these techniques using publicly available data.

Matthew Holian is a professor of economics at San Jose State University whose research focused on urban and energy economics.

Host Peter Lorentzen is an economics professor at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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David Madland, "Re-Union: How Bold Labor Reforms Can Repair, Revitalize, and Reunite the United States" (Cornell UP, 2021) Nov 01, 2021

In Re-Union: How Bold Labor Reforms Can Repair, Revitalize, and Reunite the United States(Cornell UP, 2021), David Madland explores how labor unions are essential to all workers. Yet, union systems are badly flawed and in need of rapid changes for reform. Madland's multilayered analysis presents a solution--a model to replace the existing firm-based collective bargaining with a larger, industry-scale bargaining method coupled with powerful incentives for union membership.

These changes would represent a remarkable shift from the norm, but would be based on lessons from other countries, US history and current policy in several cities and states. In outlining the shift, Madland details how these proposals might mend the broken economic and political systems in the United States. He also uses three examples from Britain, Canada, and Australia to explore what there is yet to learn about this new system in other developed nations.

Madland's practical advice in Re-Union extends to a proposal for how to implement the changes necessary to shift the current paradigm. This powerful call to action speaks directly to the workers affected by these policies--the very people seeking to have their voices recognized in a system that attempts to silence them.

David Madland is Senior Fellow and Strategic Director of the American Worker Project at the Center for American Progress. He is author of Hollowed Out: Why the Economy Doesn’t work without a strong middle class.

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Adam Kahane, "Facilitating Breakthrough: How to Remove Obstacles, Bridge Differences, and Move Forward Together" (Berrett-Koehler, 2021) Oct 28, 2021

Today I talked to Adam Kahane about his new book Facilitating Breakthrough: How to Remove Obstacles, Bridge Differences, and Move Forward Together (Berrett-Koehler, 2021).

You’re helping South Africa make the transition from apartheid to democracy under Nelson Mandela. You’re helping end a half-century civil war in Columbia. You’re working with the First Nations in Canada. That’s a small part of the scope that Adam Kahane has been involved in over the recent decades. It’s meaningful, enlightened work that recognizes that the two typical modes of reaching “agreements” don’t yield optimal results. The vertical approach leads to rigidity and domination by ultimately shutting down dissent. The collegial, horizontal approach can lead to fragmentation and gridlock. What’s the new, third way forward? For Kahane, that means doing what Martin Luther King, Jr. did and looking for inspiration in the work of the German existential theologian Paul Tillich. Love offers unity, power the opportunity for self-realization, and justice looks to ensure that power bring equity for all. If ever you’ve had to work out disagreements to resolve a conflict, this episode is for you.

Adam Kahane is the director of Reos Partners, an international social enterprise that helps people move forward together on their most important and intractable issues.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Scott Sumner, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy" (U Chicago Press, 2021) Oct 27, 2021

Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It's happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of this century.

Foregoing the usual relitigating of the problems of housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet.

The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy (University of Chicago Press, 2021) is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays a groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University. He is also Professor Emeritus at Bentley University and Research Fellow at the Independent Institute.

Kirk Meighoo is Public Relations Officer for the United National Congress, the Official Opposition in Trinidad and Tobago. His career has spanned media, academia, and politics for three decades.

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Alex Pentland and Alexander Lipton, "Building the New Economy: Data As Capital" (MIT Press, 2021) Oct 25, 2021

Data is now central to the economy, government, and health systems—so why are data and the AI systems that interpret the data in the hands of so few people? Alex Pentland and Alexander Lipton's Building the New Economy: Data As Capital (MIT Press, 2021) calls for us to reinvent the ways that data and artificial intelligence are used in civic and government systems. Arguing that we need to think about data as a new type of capital, the authors show that the use of data trusts and distributed ledgers can empower people and communities with user-centric data ownership, transparent and accountable algorithms, machine learning fairness principles and methodologies, and secure digital transaction systems.

It's well known that social media generate disinformation and that mobile phone tracking apps threaten privacy. But these same technologies may also enable the creation of more agile systems in which power and decision-making are distributed among stakeholders rather than concentrated in a few hands. Offering both big ideas and detailed blueprints, the authors describe such key building blocks as data cooperatives, tokenized funding mechanisms, and tradecoin architecture. They also discuss technical issues, including how to build an ecosystem of trusted data, the implementation of digital currencies, and interoperability, and consider the evolution of computational law systems.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch.

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Sue Unerman, "Belonging: The Key to Transforming and Maintaining Diversity, Inclusions and Equality at Work" (Bloomsbury, 2020) Oct 21, 2021

Today I talked to Sue Unerman about her new book Belonging: The Key to Transforming and Maintaining Diversity, Inclusions and Equality at Work (Bloomsbury, 2020)

How is it that $8 billion a year gets thrown at diversity training and yet next-to-nothing changes? One person who isn’t giving up is Sue Unerman, who along with her co-authors Kathryn Jacob and Mark Edwards favors a full-court press of changes in order to improve the degree to which women get represented in the ranks of senior management at companies. From how meetings are run, to how teams are built, and of course who gets promoted and receives how much in compensation, the scope of this episode is broad. A particular focus is detrimental “banter” that’s hardly as light-hearted as it’s made out to be. Add to that the Glass Slipper problem of people trying to fit into a culture that should, instead, be blown wide-open and allow all types, and you’ve got a feel for how Unerman is urging reforms.

Sue Unerman is the Chief Transformation Office at MediaCom, the largest media agency in the UK with over 200 clients. Along with Kathryn Jacob, she is also the co-author of The Glass Wall.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Marco Dondi, "Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose" (Fast Company Press, 2021) Oct 18, 2021

It's time to rethink how we create and allocate money

In Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose(Fast Company Press, 2021), Marco Dondi sheds light on the fact that most people do not have the economic security to focus on purpose and life fulfillment. He proposes that this is not the way things have to be; there is an alternative.

In a quest to change our economic system to cater for everyone, he identifies deep issues in how money is created and allocated and connects these to capitalism. He shows that the assumptions and circumstances that made capitalism a success are no longer true today and then describes a new socio-economic model, Monetism.

Dondi's solution is to provide a pragmatic roadmap to institutionalize Monetism and solve societal issues that seemed as permanent as time.

Kirk Meighoo is Public Relations Officer for the United National Congress, the Official Opposition in Trinidad and Tobago. His career has spanned media, academia, and politics for three decades.

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The Economics of Higher Education Oct 18, 2021

In this episode, Daniel Peris, the host of the “Keep Calm and Carry On Investing” podcast, and David Finegold have a wide-ranging discussion of economics and governance questions inherent in K-12 and higher education.

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Claudia Goldin, "Career and Family: Women’s Century-Long Journey toward Equity" (Princeton UP, 2021) Oct 15, 2021

A century ago, it was a given that a woman with a college degree had to choose between having a career and a family. Today, there are more female college graduates than ever before, and more women want to have a career and family, yet challenges persist at work and at home. This book traces how generations of women have responded to the problem of balancing career and family as the twentieth century experienced a sea change in gender equality, revealing why true equity for dual career couples remains frustratingly out of reach.

Drawing on decades of her own groundbreaking research, Claudia Goldin provides a fresh, in-depth look at the diverse experiences of college-educated women from the 1900s to today, examining the aspirations they formed—and the barriers they faced—in terms of career, job, marriage, and children. She shows how many professions are “greedy,” paying disproportionately more for long hours and weekend work, and how this perpetuates disparities between women and men. Goldin demonstrates how the era of COVID-19 has severely hindered women’s advancement, yet how the growth of remote and flexible work may be the pandemic’s silver lining.

Antidiscrimination laws and unbiased managers, while valuable, are not enough. Career and Family: Women’s Century-Long Journey toward Equity(Princeton UP, 2021) explains why we must make fundamental changes to the way we work and how we value caregiving if we are ever to achieve gender equality and couple equity.

Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com.

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Jackie Fast, "Rule Breaker: Rebellious Leadership for the Future of Work" (Kogan Page, 2021) Oct 14, 2021

Today I talked to Jackie Fast about her new book Rule Breaker: Rebellious Leadership for the Future of Work (Kogan Page, 2021).

Imagine finding yourself in a career sector, sponsorship, because it’s the way to get a visa and stay in England. Well, that’s what happened to Jackie Fast. And as things turned out, she was very good at sponsorship work. In a few years her ability to put two brands together for a campaign, or more, a kind of temporary Merger and Acquisition, meant she was spending time doing work for Richard Branson on an island he owns in the Caribbean. From the vantage point of her highly successful, entrepreneurial career, what strikes Fast is, indeed, how fast the world is changing. Few if any older executives will manage the transition, she believes, to a world where the internet has democratized big business and where Millennials and Gen Z members favor a values-based approach that puts meaningful work you enjoy front and center in their career aspirations.

Jackie Fast is the founder of the venture capital firm Sandbox Studios, which invests in celebrity-owned brands and has worked with The Rolling Stones, Red Bull, Zoom, Formula One, Virgin, Allianz and Universal Music among others.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Jeffrey C. Hooke, "The Myth of Private Equity: An Inside Look at Wall Street's Transformative Investments" (Columbia Business School, 2021) Oct 13, 2021

Jeffrey Hooke's The Myth of Private Equity: An Inside Look at Wall Street's Transformative Investments (Columbia Business School, 2021) is a scathing indictment of the high-flying world of private equity. Piece by piece, Hooke takes apart the PE value proposition and shows, instead of the claimed "higher returns and lower volatility", a startling record of poor performance, exorbitant fees, completely opaque reporting, and a network of enablers that allow the business model to proceed.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Anne Pollock, "Sickening: Anti-Black Racism and Health Disparities in the United States" (U Minnesota Press, 2021) Oct 11, 2021

An event-by-event look at how institutionalized racism harms the health of African Americans in the twenty-first century A crucial component of anti-Black racism is the unconscionable disparity in health outcomes between Black and white Americans. Sickening: Anti-Black Racism and Health Disparities in the United States (U Minnesota Press, 2021) examines this institutionalized inequality through dramatic, concrete events from the past two decades, revealing how unequal living conditions and inadequate medical care have become routine. From the spike in chronic disease after Hurricane Katrina to the lack of protection for Black residents during the Flint water crisis--and even the life-threatening childbirth experience for tennis star Serena Williams--author Anne Pollock takes readers on a journey through the diversity of anti-Black racism operating in healthcare. She goes beneath the surface to deconstruct the structures that make these events possible, including mass incarceration, police brutality, and the hypervisibility of Black athletes' bodies. Ultimately, Sickening shows what these shocking events reveal about the everyday racialization of health in the United States. Concluding with a vital examination of racialized healthcare during the COVID pandemic and the Black Lives Matter rebellions of 2020, Sickening cuts through the mind-numbing statistics to vividly portray healthcare inequalities. In a gripping and passionate style, Pollock shows the devastating reality and consequences of systemic racism on the lives and health of Black Americans.

Claire Clark is a medical educator, historian of medicine, and associate professor in the University of Kentucky’s College of Medicine. She teaches and writes about health behavior in historical context.

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Soo Bong Peer, "The Essential Diversity Mindset: How to Cultivate a More Inclusive Culture and Environment" (Career Press, 2021) Oct 07, 2021

Today I talked to Soo Bong Peer about her new book The Essential Diversity Mindset: How to Cultivate a More Inclusive Culture and Environment (Career Press, 2021)

In 1967, bans on interracial marriages were finally declared unconstitutional in America. Only a decade earlier than that, merely 4% of Americans endorsed them. Today, the figure is 87% approval. So clearly, progress has been made in a country whose citizens are often multiracial as well as in interracial marriages and relationships. How can the momentum to accepting people as they are and not by dividing us based on race, gender and sexual orientation be reignited in these divisive times? Soo Bong Peer’s suggestions are of both a personal and systemic nature, ranging from practicing greater empathy to having leaders seek to be more open to dialogue with employees with distinctly different perspectives and experiences from theirs. One idea, inspired by this book: to cite Roger Ebert, movies “are like a machine that generates empathy.” So instead of movie night at home or lecture-style, lunch-’n-learn sessions at company headquarters, maybe movies-at-lunch should become a Friday feature!

Soo Bong Peer is a strategy consultant and executive coach for Fortune 500 companies. The daughter of a prominent South Korean general and ambassador to Mexico, she has lived in multiple countries, including the U.S. for the past 50 years.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Paul Milgrom, "Discovering Prices: Auction Design in Markets with Complex Constraints" (Columbia UP, 2017) Oct 06, 2021

Neoclassical economic theory shows that under the right conditions, prices alone can guide markets to efficient outcomes. But what if it it’s hard to find the right price? In many important markets, a buyer’s willingness to pay for one good (say, the right to use a certain part of the radio spectrum range in San Francisco) will depend on the price of another complementary good (the right to use that same spectrum in Los Angeles). The number of possible combinations can rapidly become incalculably complex. Such complex markets require new collaborations between economists and computer scientists to create designs that are both incentive compatible and computationally tractable.

In Discovering Prices: Auction Design in Markets with Complex Constraints (Columbia UP, 2017), 2020 Economics Nobel Memorial Prize winner Paul Milgrom discusses some of the new economics theory he has developed to help address these challenging contexts, in which neither unfettered market forces nor top-down planning will work well. In our interview we explore these ideas in the context of the most complex auction ever created, the FCC’s broadcast incentive auction. This auction, designed and planned by a team led by Professor Milgrom with his company Auctionomics, purchased underutilized broadcast spectrum from television stations and sold it onward to telecoms providers. This reallocation helped improve wireless network performance and pave the way for 5G wireless services, while also generating over $7 billion for the US treasury.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Alvin E. Roth, "Who Gets What--and Why: The New Economics of Matchmaking and Market Design" (HMH, 2015) Oct 05, 2021

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth’s work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses.

In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech’s market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco’s school district (unlike Boston’s or New York’s) chose not to implement the un-gameable school choice plan his team devised for them.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Martin Reeves and Jack Fuller, "The Imagination Machine: How to Spark New Ideas and Create Your Company’s Future" (HBR Press, 2021) Sep 30, 2021

Today I talked to Martin Reeves and Jack Fuller about their new book The Imagination Machine: How to Spark New Ideas and Create Your Company’s Future(Harvard Business Review Press, 2021).

Since the 1990s, the fade rate (i.e., the inability of companies to stay out ahead of their closest rivals) has gone from sustaining a lead on average for 10 years to now merely a single year. So focusing on offer innovation alone won’t suffice. A company that will survive and thrive must re-imagine really every aspect of the company’s culture and operations to succeed. That move requires an open mind and an inquisitive spirit not averse to surprise but, instead, welcoming of them. Who better than these two authors to take on that task? Reeves is in his own words a “failed” musician and biologist turned businessperson, and Fuller likewise prefers to go “inside” people and organizations to understand how their minds and even their very “souls” perform. This is an episode devoted, in short, to how can a company re-humanize itself in an age when converging forces requires a wholesale change.

Martin Reeves is a Senior Partner and Managing Director at BCG, i.e., the Boston Consulting Group. He’s also the Chairman of the BCG Henderson Institute, BCG’s internal think tank. Jack Fuller is a former special project manager at the BCG Henderson Institute, and the founder of Casati Health, a company that reimagines mental and physical health. He’s a Rhodes Scholar with a background that combines neuroscience and philosophical theology.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Joshua Preiss, "Just Work for All: The American Dream in the 21st Century" (Taylor & Francis, 2020) Sep 29, 2021

This is a book about the American Dream: how to understand this central principle of American public philosophy, the ways in which it is threatened by a number of winner-take-all economic trends, and how to make it a reality for workers and their families in the 21st century. Integrating political philosophy and the history of political thought with recent work in economics, political science, and sociology, Joshua Preiss' book Just Work for All: The American Dream in the 21st Century (Taylor & Francis, 2020) calls for renewed political and policy commitment to "just work."

Such a commitment is essential to combat the negative moral externalities of an economy where the fruits of growth are increasingly claimed by a relatively small portion of the population: slower growth, rising inequality, declining absolute mobility, dying communities, the erosion of social solidarity, lack of faith in political leaders and institutions, exploding debt, ethnic and nationalist backlash, widespread hopelessness, and the rapid rise in what economists Angus Deaton and Anne Case call deaths of despair.

Covid-19 threatens to pour gasoline on these winner-take-all fires, further concentrating economic and political power in the hands of those best suited to withstand (and even profit from) the pandemic-driven economic crisis. In this book, the author provides a model for understanding the American Dream and making it a reality in a post-Covid-19 economy.

A tour de force, this book is essential reading for scholars and researchers of political philosophy, political economy, political theory, and economics, as well as for the layperson trying to make sense of the post-pandemic world.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Maya Hu-Chan, "Saving Face: How to Preserve Dignity and Build Trust" (Berrett-Koehler, 2020) Sep 23, 2021

Today I talked to Maya Hu-Chan about her new book Saving Face: How to Preserve Dignity and Build Trust (Berrett-Koehler Publishers, 2020)

There are so many sayings that involve the face, but perhaps none is more central to at least Asian culture than “saving face.” That’s because it represents retaining one’s dignity versus being embarrassed or humiliated in front of others. In truth, though, everyone wants nothing more than to be appreciated, as the psychologist William James recognized long ago. In this episode, Maya Hu-Chan puts “faces” into a business context for listeners. In a meeting between Western versus Eastern executives, for instance, how will a long silence be handled? Odds are usually that it’s the Americans who will jump in first, breaking the silence. Given more than 20 years of international business experience, Hu-Chan takes listeners through why regional, company and individual personality differences matter so much. Are you a high-context or low-context person? It’s time to find out by taking in this episode that involves the platinum rule, i.e., treating others they way they wanted to be treated.

Maya Hu-Chan is the founder and president of Global Leadership Associates and the co-author of Global Leadership: The Next Generation. She’s trained and coached leaders from Fortune 500 companies to non-profits around the world.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Caley Horan, "Insurance Era: Risk, Governance, and the Privatization of Security in Postwar America" (U Chicago Press, 2021) Sep 21, 2021

Actuarial thinking is everywhere in contemporary America, an often unnoticed byproduct of the postwar insurance industry’s political and economic influence. Calculations of risk permeate our institutions, influencing how we understand and manage crime, education, medicine, finance, and other social issues. In Insurance Era: Risk, Governance, and the Privatization of Security in Postwar America(The University of Chicago Press, 2021), Caley Horan charts the social and economic power of private insurers since 1945, arguing that these institutions’ actuarial practices played a crucial and unexplored role in insinuating the social, political, and economic frameworks of neoliberalism into everyday life.

Through a careful analysis of insurance marketing, consumption, investment, and regulation, Horan asserts that postwar America’s obsession with safety and security fueled the exponential expansion of the insurance industry and the growing importance of risk management in other fields. Horan shows that the rise and dissemination of neoliberal values did not happen on its own: they were the result of a project to unsocialize risk, shrinking the state’s commitment to providing support, and heaping burdens upon the people often least capable of bearing them.

Caley Horan is Associate Professor of History at the Massachusetts Institute of Technology.

Ashton Merck is a Postdoctoral Research Scholar in Interdisciplinary Risk Sciences at NC State University. She can be found on Twitter @awmerck.

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Emily Erikson, "Trade and Nation: How Companies and Politics Reshaped Economic Thought" (Columbia UP, 2021) Sep 15, 2021

How can ideas from sociology help us understand history and economics? In Trade and Nation: How Companies and Politics Reshaped Economic Thought (Columbia UP, 2021), Emily Erikson, Associate Professor of Sociology at Yale and Academic Director of the Fox International Fellowship, explores the major shift, which occurred during the seventeenth century, in the history and philosophy of economics. The book combines computational methods from sociology with a detailed and close engagement with historical sources and the philosophy of economics. It demonstrates how a key set of merchants proved highly influential in setting the terms of economics, in the context of the specific conditions and institutional settings in England during the period. The book also offers comparative analysis, adding depth to the numerous methods of testing its core hypothesis about what really drove the changes in economics. Clearly written, and deeply engaging, the book is essential reading for scholars in economics and the social sciences, as well as in history and the humanities.

Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art.

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Andy Hoffman, “Saving the World at Business School (Part 2)” (Open Agenda, 2021) Sep 13, 2021

Saving the World at Business School (Part 2) is based on an in-depth filmed conversation between Howard Burton and Andy Hoffman, Holcim Professor of Sustainable Enterprise at the University of Michigan’s Ross School of Business and School of Environment and Sustainability. This extensive conversation starts with inspiring insights into how Andy Hoffman became interested in environmental issues when he declined acceptances from graduate school at Harvard and Berkeley and instead worked as a carpenter for several years in Nantucket. Topics include the notions of ‘environmental sustainability’ and ‘big business’ which sometimes seem as incompatible as oil and water and ways to make a synthesis a reality by seriously reconsidering the way we currently conduct public policy and even some deep aspects of our current societal values.

Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Andy Hoffman “Saving the World at Business School (Part 1)” (Open Agenda, 2021) Sep 10, 2021

Saving the World at Business School (Part 1) is based on an in-depth filmed conversation between Howard Burton and Andy Hoffman, Holcim Professor of Sustainable Enterprise at the University of Michigan’s Ross School of Business and School of Environment and Sustainability. This extensive conversation starts with inspiring insights into how Andy Hoffman became interested in environmental issues when he declined acceptances from graduate school at Harvard and Berkeley and instead worked as a carpenter for several years in Nantucket. Topics include the notions of ‘environmental sustainability’ and ‘big business’ which sometimes seem as incompatible as oil and water and ways to make a synthesis a reality by seriously reconsidering the way we currently conduct public policy and even some deep aspects of our current societal values.

Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Katy Borner, "Atlas of Forecasts: Modeling and Mapping Desirable Futures" (MIT Press, 2021) Sep 10, 2021

To envision and create the futures we want, society needs an appropriate understanding of the likely impact of alternative actions. Data models and visualizations offer a way to understand and intelligently manage complex, interlinked systems in science and technology, education, and policymaking. Atlas of Forecasts: Modeling and Mapping Desirable Futures(MIT Press, 2021), from the creator of Atlas of Science and Atlas of Knowledge, shows how we can use data to predict, communicate, and ultimately attain desirable futures.

Using advanced data visualizations to introduce different types of computational models, Atlas of Forecasts demonstrates how models can inform effective decision-making in education, science, technology, and policymaking. The models and maps presented aim to help anyone understand key processes and outcomes of complex systems dynamics, including which human skills are needed in an artificial intelligence–empowered economy; what progress in science and technology is likely to be made; and how policymakers can future-proof regions or nations. This Atlas offers a driver's seat-perspective for a test-drive of the future.

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Ken Meter, "Building Community Food Webs" (Island Press, 2021) Sep 08, 2021

Our current food system has decimated rural communities and confined the choices of urban consumers. Even while America continues to ramp up farm production to astounding levels, net farm income is now lower than at the onset of the Great Depression, and one out of every eight Americans faces hunger. But a healthier and more equitable food system is possible. In Building Community Food Webs (Island Press, 2021), Ken Meter shows how grassroots food and farming leaders across the U.S. are tackling these challenges by constructing civic networks. Overturning extractive economic structures, these inspired leaders are engaging low-income residents, farmers, and local organizations in their quest to build stronger communities..

Ken Meter is one of the most experienced food system analysts in the U.S., holding over 50 years of experience in community capacity building. Meter is co–author of a toolkit for measuring economic impacts of local food development and co-editor of Sustainable Food System Assessment: Lessons from Global Practice. He has taught at the University of Minnesota and the Harvard Kennedy School.

Dr. Susan Grelock Yusem is an independent researcher trained in depth psychology, with an emphasis on community, liberation, and eco-psychologies. Her work centers around interconnection and encompasses regenerative food systems, the arts and conservation.

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Juha Kaakinen: Homelessness, a Solvable Problem Sep 08, 2021

Howard speaks to Juha Kaakinen, CEO of Y-Foundation, a global leader in implementing the "Housing First principle" and a clear example of how genuine progress can be made in concretely addressing homelessness.

Howard Burton is the founder of Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Gregory Werden, "The Foundations of Antitrust: Events, Ideas, and Doctrines" (Carolina Academic Press, 2020) Sep 07, 2021

Few revolutions in economics have been as under-covered in general literature as the emergence and development of competition theory and policymaking.

Political threats to break up the tech giants or restrain Russian gas pipelines make the headlines while academic lawyers churn out textbooks on 130 years of precedent and practicing lawyers test its limits.

What has been missing is an up-to-date, general legislative and intellectual history of how and why politicians, lawyers, and economists in capitalist democracies decided they needed to step in and correct the market. Why did this happen first in the US in that crucial quarter-century preceding the first world war?

The Foundations of Antitrust: Events, Ideas, and Doctrines by Gregory Werden (Carolina Academic Press, 2020) fills that gap, examines the overlaps between legal innovation and common law, and busts a few myths en route.

From 1977 until his retirement in 2019, Gregory Werden worked in the Antitrust Division of the US Department of Justice – most recently as Senior Economic Counsel. A PhD economist from the University of Wisconsin, he has published extensively on antitrust policy.

*The author's own book recommendation is Trusts: The Recent Combinations in Trade, Their Character, Legality and Mode of Organization, and the Rights, Duties and Liabilities of Their Managers and Certificate Holders by William W Cook (Gale - Making of Modern Law, 2020; originally published by L. K. Strouse, 1888)

Tim Gwynn Jones is an economic and political-risk analyst at Medley advisors (a division of Energy Aspects).

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Lindsay Naylor, "Fair Trade Rebels: Coffee Production and Struggles for Autonomy in Chiapas" (U Minnesota Press, 2019) Sep 06, 2021

Fair trade certified coffee is now commonly found on the supermarket shelves of the Global North, but the connections between the consumer and producer of fair trade coffee are far from simple. Lindsay Naylor’s book, Fair Trade Rebels: Coffee Production and Struggles for Autonomy in Chiapas (University of Minnesota Press, 2019), examines the contested politics of fair trade coffee production in the indigenous highlands of Mexico. Using theoretical approaches based in diverse economies scholarship and decolonial thinking, Naylor highlights the significance of the multiple, diverse economic practices and relations that campesinos/as use in their struggle to form more dignified livelihoods. While she critiques the narratives of economic development and problematic understandings of solidarity that underpin many fair trade discourses, Naylor’s empirically grounded research produces a nuanced analysis of the possibilities and limitations inherent in contemporary fair trade coffee production. Rather than understanding fair trade as a mechanism to address the failures of free trade, Naylor argues that fair trade should be understood as “fair trade in movement” to account for the dynamic processes involved in making trade more fair and for the multiple and fluid ideas, values and identities that constitute these trading relationships. This understanding creates possibilities for new forms of solidarity and being in common that counter universalizing systems of economic exchange.

Lindsay Naylor (she/her) is an Associate Professor in the Department of Geography & Spatial Sciences at the University of Delaware in the United States and is the co-facilitator of the Embodiment Lab.

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Jon Lukomnik and James P. Hawley, "Moving Beyond Modern Portfolio Theory: Investing That Matters" (Routledge, 2021) Sep 03, 2021

Moving Beyond Modern Portfolio Theory: Investing that Matters (Routledge, 2021) tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors, Jon Lukomnik and James Hawley, propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change, so as to improve the risk/return profile of the market as a whole. The author's "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Hans Gersbach, "Redesigning Democracy: More Ideas for Better Rules" (Springer, 2018) Sep 03, 2021

For three decades, Hans Gersbach has been using economic analysis and tools to explain and improve political behaviour.

His academic career began just as history was supposed to be ending with the victory of liberal democracy. Today, as a string of books argue – most recently Twilight of Democracy by Anne Applebaum (Penguin, 2020) and Our Own Worst Enemy by Tom Nichols‎ (OUP USA, 2021) – things look rather different.

Gersbach’s mission to optimise democracy and reduce the disenchantment that feeds extremism has never been more salient.

His Redesigning Democracy: More Ideas for Better Rules(Springer, 2017) may be four years old but he has continued publishing papers developing the book’s ideas on political contracts, re-election thresholds, optimal term lengths, pendular voting, "Catenarian" fiscal discipline, and even incentive pay for policymakers. Another book is only a matter of time.

Hans Gersbach holds the Chair of Macroeconomics, Innovation and Policy at ETH Zurich and previously taught at Heidelberg and Basel.

*The author's own book recommendations are Voting Procedures Under a Restricted Domain: An Examination of the (In)Vulnerability of 20 Voting Procedures to Five Main Paradoxes by Dan Felsenthal and Hannu Nurmi (SpringerBriefs in Economics, 2019), and A Beautiful Mind: A Biography of John Forbes Nash, Jr. by Sylvia Nasar (Simon & Schuster, 1998).

Tim Gwynn Jones is an economic and political-risk analyst at Medley advisors (a division of Energy Aspects).

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Ann Latham, "The Power of Clarity: Unleash the True Potential of Workplace Productivity, Confidence, and Empowerment" (Bloomsbury, 2021) Sep 02, 2021

Today I talked to Ann Latham about her new book The Power of Clarity: Unleash the True Potential of Workplace Productivity, Confidence, and Empowerment (Bloomsbury, 2021).

On the factory floor, the processes have been honed for efficiency. Enter the company’s headquarters, however, and the office functions in a way that brings to mind two of Anne’s favorite terms: “kitchen sink syndrome” and “hand-me-down ambiguity.” In other words, things move slowly and endless reviews and overthinking or failing to think at all are the two modes that seem to predominate in the workplace. What’s the solution? Recognize that meetings need to make a difference to justify the 25% or more of people’s workdays that they swallow up. Who should be there? Those who can, should and will actually input on the decision to be made, and those who can authorize the decision. Everybody else, not so much. For anybody who can’t stand the quagmire at work, Ann’s your person.

Ann Latham has consulted for major global companies like Boeing and Medtronic, as well as Public Television, and she’s the author of two other books: The Clarity Papers and Uncommon Meetings. She’s been interviewed by The New York times, Bloomberg Business Week, and Forbes, where she’s also an expert blogger.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Tanya Jakimow, "Susceptibility in Development: Micropolitics of Local Development in India and Indonesia" (Oxford UP, 2020) Sep 01, 2021

Tanya Jakimow's book Susceptibility in Development: Micropolitics of Local Development in India and Indonesia(Oxford UP, 2020) offers a novel approach to understanding power in development through theories of affect and emotion. Development agents - people tasked with designing or delivering development - are susceptible to being affected in ways that may derail or threaten their 'sense of self'. This susceptibility is in direct relation to the capacity of others to engender feelings in development agents: an overlooked form of power. Susceptibility in Development proposes a new analytical framework to enable new readings of power relations and their consequences for development. Susceptibility in Development offers a comparative ethnography of two types of local development agents: volunteers in a community development program in Medan, Indonesia, and women municipal councillors in Dehradun, India. Ethnographic accounts that are attentive to the emotions and affects engendered in encounters between individuals provide a fresh reading of the relations shaping local development. Local development agents may be more 'susceptible' than workers and volunteers from the global North, yet the capacity/susceptibility to affect/be affected orders relations and shapes outcomes of development more broadly. In theorising from the local, Susceptibility in Development offers fresh insights into power dynamics in development.

Like this interview? If so you might also be interested in:

Nicole Curato, Democracy in a Time of Misery: From Spectacular Tragedies to Deliberative Action
Edward Aspinall and Ward Berenschot, Democracy for Sale: Elections, Clientelism, and the State in Indonesia

Professor Michele Ford is the Director of the Sydney Southeast Asia Centre, a university-wide multidisciplinary center at the University of Sydney, Australia.

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Austin Dean, "China and the End of Global Silver, 1873–1937" (Cornell UP, 2020) Sep 01, 2021

In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 (Cornell UP, 2020) focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their own benefit.

Austin Dean argues convincingly that the Silver Era in world history ended owing to the interaction of imperial competition in East Asia and the state-building projects of different governments in China. When the Nationalist government of China went off the silver standard in 1935, it marked a key moment not just in Chinese history but in world history.

Austin Dean is Assistant Professor of History at the University of Nevada, Las Vegas. His work has appeared in Modern Chinaand the Journal of American-East Asian Relations. He is on twitter @thelicentiate.

Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, tentatively titled Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, is forthcoming with Cambridge University Press.

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Josephine Ensign, "Skid Road: On the Frontier of Health and Homelessness in an American City" (Johns Hopkins UP, 2021) Aug 30, 2021

Home to over 730,000 people, with close to four million people living in the metropolitan area, Seattle has the third-highest homeless population in the United States. In 2018, an estimated 8,600 homeless people lived in the city, a figure that does not include the significant number of "hidden" homeless people doubled up with friends or living in and out of cheap hotels. In Skid Road: On the Frontier of Health and Homelessness in an American City (Johns Hopkins UP, 2021), Josephine Ensign digs through layers of Seattle history—past its leaders and prominent citizens, respectable or not—to reveal the stories of overlooked and long-silenced people who live on the margins of society.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Andrew Flachs, "Cultivating Knowledge: Biotechnology, Sustainability, and the Human Cost of Cotton Capitalism in India" (U Arizona Press, 2019) Aug 27, 2021

Cultivating Knowledge: Biotechnology, Sustainability and the Human Cost of Cotton Capitalism in Indiaby Andrew Flachs (University of Arizona Press, 2019) tells a story of how farmers in rural south India evaluate agricultural success through shifting calculations of social meaning, performance, and economic aspirations. Navigating multiple avenues of incentives, Dr. Flachs moves beyond the hidden links of consumption and production to concerns about how people engage with global change on the level of the farm field. By choosing to plant either genetically modified or certified organic cotton seeds, farmers risk their livelihoods by participating in diverging courses of sustainable agriculture. The farmer’s choice of seed reflects a performance of transformation regarding knowledge and agrarian sensibilities within rapidly changing socioeconomic and material realities that are influenced by both a colonial past and the neoliberal present. As Andrew put it, “a seed is a choice that cannot be taken back.(3)”

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Ella L. J. Bell Smith and Stella M. Nkomo, "Our Separate Ways: Black and White Women and the Struggle for Professional Identity" (Harvard Business Press, 2021) Aug 26, 2021

Ella L. J. Bell Smith and Stella M. Nkomo, Our Separate Ways: Black and White Women and the Struggle for Professional Identity (Harvard Business Press, 2021)

Ella Bell Smith is a professor of business administration at the Tuck School of Business. She’s also the founder and president of ASCENT: Leading Multicultural Women to the Top. Stella M. Nkomo is a professor in the Department of Human Resource Management at the University of Pretoria. She was the founding president of the Africa Academy of Management.

A “glass ceiling” that holds women back from attaining the top levels of management within a company is a familiar term. But how about a “cement wall”? That’s how these two authors describe the struggle that confronts women of color and often African-American women particularly as they try to rise through the ranks. What black women must deal with is often a lack of both visibility and authority. This episode explores why it is that so little progress has been made so far in the 21st century. While white female professionals now occupy about 1/3rd of all management roles (still not enough), black women’s share amounts to 4%. How can diversity be realized more organically, rather than through a series of lectures that likely won’t “move the needle”? Listen to this episode to find out.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Benjamin Ho, "Why Trust Matters: An Economist's Guide to the Ties That Bind Us" (Columbia UP, 2021) Aug 26, 2021

Do you trust corporations? Do you trust politicians? Do you trust the science? Does anyone trust anyone anymore?

In Why Trust Matters: An Economist's Guide to the Ties That Bind Us (Columbia UP, 2021), Professor Ben Ho reveals the surprising importance of trust to how we understand our day-to-day economic lives. Starting with the earliest societies and proceeding through the evolution of the modern economy, he explores its role across an astonishing range of institutions and practices, surveying and synthesizing research across economics, political science, psychology, and other disciplines, and presents his own cutting-edge behavioral economics research on the role of apologies in restoring trust. He argues that we trust far more than we may realize, and that mostly this is a good thing.

Check out the New Yorker's review of the book.

Ben Ho is an associate professor at Vassar College. Ho applies economic tools like game theory and experimental design to topics like apologies, trust, identity, inequality and climate change. Before Vassar, he taught MBA students at Cornell, served as lead energy economist at the White House Council of Economic Advisers, and worked/consulted for Morgan Stanley and several tech startups. Professor Ho also teaches at Columbia University where he is a faculty affiliate for the Center for Global Energy Policy. His work has been featured in the New York Times and the Wall Street Journal. Ho holds seven degrees from Stanford and MIT in economics, education, political science, math, computer science and electrical engineering.

Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy.

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Victoria Basualdo et al., "Big Business and Dictatorships in Latin America: A Transnational History of Profits and Repression" (Palgrave Macmillan, 2020) Aug 25, 2021

On this episode of the Economic and Business History channel, I spoke with Dr. Victoria Basualdo and Dr. Marcelo Bucheli about their new edited book. Big Business and Dictatorships in Latin America: A Transnational History of Profits and Repression (Palgrave Macmillan, 2020) is an edited volume that studies the relationship between big business and the Latin American dictatorial regimes during the Cold War. The first section provides a general background about the contemporary history of business corporations and dictatorships in the twentieth century at the international level. The second section comprises chapters that analyze five national cases (Argentina, Brazil, Chile, Uruguay, and Peru), as well as a comparative analysis of the banking sector in the Southern Cone (Argentina, Brazil, Chile, and Uruguay). The third section presents six case studies of large companies in Argentina, Brazil, Chile, Colombia, and Central America. This book is crucial reading because it provides the first comprehensive analysis of a key yet understudied topic in Cold War history in Latin America.

Victoria Basualdo is Researcher at the Argentine National Scientific Council (CONICET) and at the Facultad Latinoamericana de Ciencias Sociales (FLACSO), and Professor in the Political Economy Master's Degree Program at FLACSO, Argentina. She specializes in contemporary economic and labor history, with special focus on structural changes and the transformations of trade-union organizations in Argentina and Latin America.

Hartmut Berghoff is Director of the Institute of Economic and Social History at the University of Göttingen, Germany. He was the Director of the German Historical Institute in Washington DC (2008-2015) and held various visiting positions at the Center of Advanced Study, Harvard Business School, the Maison des Sciences de l’Homme, and the Henley Business School. He has worked on the history of consumption, business history, immigration history and the history of modern Germany.

Marcelo Bucheli is Associate Professor of Business Administration at the Gies College of Business, University of Illinois at Urbana-Champaign, USA. His research focuses on the political economy of multinational corporations in Latin America, theoretical and methodological approaches to the study of the relationship between firms and states in a historical perspective, and business groups.

Hosted by Paula De La Cruz-Fernandez, consultant, historian, and digital editor. New Books Network en español editor. Edita CEO.

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Rohit Khanna, "Misunderstanding Health: Making Sense of America's Broken Health Care System" (Johns Hopkins UP, 2021) Aug 24, 2021

With technological advances and information sharing so prevalent, health care should be more transparent and easier to access than ever before. So why does it seem like everything about it―from pricing, drug development, and the emergence of new diseases to the intricacies of biologic and precision medicine therapies―is becoming more complex, not less?

Rohit Khanna's Misunderstanding Health: Making Sense of America's Broken Health Care System(Johns Hopkins UP, 2021) examines some of today's most revealing health care trends while imploring us to look at these issues with alacrity, humor, and vigilance. Over the course of eighteen short, engaging chapters, Khanna explains

• how unexamined beliefs can endanger patients, drive cost, and increase bureaucracy

• the "Dr. Google" effect on the ways that we seek (or eschew) care

• why our health care costs more than in any other country

• the unintended consequences of using rating sites like Yelp

• what we can learn about health care from hurricanes

• how social media influencers impact health care

• how artificial intelligence can improve health care

• why health screening programs are so complicated

• what the industry is doing to combat health care fraud

• what the big deal about legalizing medical cannabis is

• how to think about behavioral "nudges" designed to improve health

• why understanding how data are collected is critical to understanding what they can tell us

• and much more

Each provocative and easy-to-read chapter covers a familiar aspect of health care in a clear and succinct way. Offering inquisitive readers a warts-and-all view of American health care, Misunderstanding Health is the book that you'll want to read if you know enough to be frustrated by the system but want a deeper dive into its challenges and opportunities.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Michael Dennis, "The Full Employment Horizon in 20th-Century America: The Movement for Economic Democracy" (Bloomsbury, 2021) Aug 23, 2021

One of the unfulfilled goals of the American left during the 1930s was that of an economy in which every American would enjoy the opportunity for gainful employment. In The Full Employment Horizon in 20th-Century America: The Movement for Economic Democracy (Bloomsbury, 2021), Michael Dennis describes the origins of the movement, the efforts made to achieve it, and the factors that frustrated its realization. Dennis traces its beginnings to a progressive critique of industrial capitalism in the 1920s, which warned of the growing disparity between rising productivity and stagnant wages. During the Great Depression, groups from across the political left took up the cause of full employment, campaigning for legislation to ensure that jobs could be had by all. When President Franklin Roosevelt called in 1944 for a right to a job as part of his Economic Bill of Rights, it seemed as though full employment was close to realization, only for its prospects to be dashed in the late 1940s by opposition from business, Southern conservatives, and Republicans.

Moribund in the immediate post-World War II era, the full employment movement gained new life in the 1960s as civil rights activists adopted it as part of their cause. By the 1970s, their hopes took form with the Humphrey-Hawkins bill, which was advocated as a solution to gender segregation and racial exclusion. As Dennis details, though, its ambitious ideas of participatory democracy were opposed by not just the traditional opponents of the full employment movement but mainstream organized labor as well. Without the grassroots efforts that had characterized it during the 1930s the movement lacked the social foundation to push back against this, resulting in the passage of a bill lacking the means of turning its ambitious aspirations into reality. While the full employment cause suffered in the neoliberal age that followed, Dennis notes how the idea persisted into the 21st century, when it was revitalized in the aftermath of the 2008 recession as a response to the economic challenges facing the country.

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Michael Friendly and Howard Wainer, "A History of Data Visualization and Graphic Communication" (Harvard UP, 2021) Aug 23, 2021

Statistical graphing was born in the seventeenth century as a scientific tool, but it quickly escaped all disciplinary bounds. Today graphics are ubiquitous in daily life. In their just-published A History of Data Visualization and Graphic Communication (Harvard UP, 2021), Michael Friendly and Howard Wainer detail the history of graphs and tables, how they help solve problems, and even changed the way we think. You'll never look at an excel chart the same way again....

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Jonathan Brill, "Rogue Waves: Future-Proof Your Business to Survive and Profit from Radical Change" (McGraw-Hill Education, 2021) Aug 19, 2021

Today I talked to Jonathan Brill about his new book Rogue Waves: Future-Proof Your Business to Survive and Profit from Radical Change(McGraw-Hill Education, 2021)

There are ten big trends that Brill identifies as disrupting business now and into the future. Each is a wave of change onto self, but the intersection of many of them contributes to forming monster waves that threaten to drown companies not open to rapid, successive adaptations. What are the avoidable causes of failure? What kind of executive will do best? (Hint: it’s not those too full of pride.) From automation and artificial intelligence to Sherlock Holmes and abductive reasoning, this episode has a little of everything, as befits a world in turmoil. Hard to resist a book with this wonderful quote from Anais Nin: “We don’t see things as they are, we see them as we are.” It’s human fallacies, especially the confirmation bias, that so often limits our ability to adapt.

Jonathan Brill is the former Global Futurist and Research Director for HP, a board member and advisor to the Chairman at Frost & Sullivan, and the Futurist-in-Residence at Territory Studio. He’s been a consultant to numerous companies and the managing partner at innovation firms that generated over $27 billion in new revenue for customers.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Emily Oster, "The Family Firm: A Data-Driven Guide to Better Decision Making in the Early School Years" (Penguin, 2021) Aug 18, 2021

In The Family Firm: A Data-Driven Guide to Better Decision Making in the Early School Years(Penguin, 2021), Brown University professor of economics and mom of two Emily Oster offers a classic business school framework for data-driven parents to think more deliberately about the key issues of the elementary years: school, health, extracurricular activities, and more. In our interview, she walks me through a “case study” exercise on the decision of whether to delay kindergarten entry, discusses what (if anything) differs between the approach in her approach and what a family therapist might recommend, and reminds us that when making family decisions, we should always be careful to ask “What are our dreams and what are our kids’ dreams?” and remember these may not be the same.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco. His researches governance and decision-making within the Chinese Communist Party but does not recommend that parents apply any of his research findings on censorship, purges, or riots to managing their family life.

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Margarita M. Balmaceda, "Russian Energy Chains: The Remaking of Technopolitics from Siberia to Ukraine to the European Union" (Wilson Center, 2021) Aug 13, 2021

Margarita Balmaceda’s Russian Energy Chains: The Remaking of Technopolitics from Siberia to Ukraine to the European Union (Columbia University Press, 2021) is a meticulous exploration of a complex system of energy supplies involving Russia, Ukraine, and the European Union. While originating in Russia, energy supplies, as the author asserts, undergo changes and transformations when being delivered to various destinations. What do these changes inform about the nature of both energy resources and power? Offering an insightful framework in which the two concepts can be understood, Russian Energy Chains complicates the issue of energy supplies that are inextricable from the dynamics of power relations on the interstate level. In addition to acute commentaries on the current role and status of Russia in the energy market, Margarita Balmaceda offers references to various time periods to illustrate how politically and geographically entangled energy systems are. Russian Energy Chains provides a detailed account of the development of the energy power that Russia seems to both offer and usurp; the book guides the reader through the complexity of power relations that include Ukraine and the European Union and helps better understand the current debate about Nord Stream-2. On a larger level, Margarita Balmaceda invites the discussion of the future of the energy market in terms of domestic and international policies.

Nataliya Shpylova-Saeed is a PhD candidate in the Department of Slavic and East European Languages and Cultures, Indiana University

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Hannah Wohl, "Bound by Creativity: How Contemporary Art Is Created and Judged" (U Chicago Press, 2021) Aug 13, 2021

What is creativity? While our traditional view of creative work might lead us to think of artists as solitary visionaries, the creative process is profoundly influenced by social interactions even when artists work alone.

Hannah Wohl speaks with Pierre d’Alancaisez about Bound by Creativity: How Contemporary Art Is Created and Judged(U Chicago Press, 2021), her ethnographic study of the New York contemporary art scene that reveals how artists develop conceptions of their distinctive creative visions through experimentation and social interactions and how aesthetic judgment evolves between artist studios, galleries, art fairs, and collectors’ houses.

We mention Paula Cooper Gallery and the work of artists Lucky DeBellevue and Gina Beavers. The Armory Show takes place in NY in early September 2021.

Hannah Wohl is an assistant professor in sociology at University of California, Santa Barbara.

Pierre d’Alancaisez is a contemporary art curator, cultural strategist, researcher. Sometime scientist, financial services professional.

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Alice Wiemers, "Village Work: Development and Rural Statecraft in Twentieth-Century Ghana" (Ohio UP, 2021) Aug 12, 2021

Most development histories focus on large-scale projects and multi-year plans. But how would we understand development differently if we chose a different starting point? In Village Work: Development and Rural Statecraft in Twentieth-Century Ghana (Ohio UP, 2021), Alice Wiemers exchanges the center for the periphery. Writing outwards from Kpasenpke, a village in northern Ghana, Wiemers shows how the daily labor of rural people, local officials and family networks have all shaped a practice of rural statecraft centered on developmentalism. By insisting on the specificity of the hinterland and interchangeability of its so-called “developers”, Village Work proposes a new framework for approaching Ghana’s twentieth century.

Elisa Prosperetti is a Visiting Assistant Professor in African history at Mount Holyoke College. Her research focuses on the connected histories of education and development in postcolonial West Africa. Contact her at: www.elisaprosperetti.net.

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Hanno Jentzsch, "Harvesting State Support: Institutional Change and Local Agency in Japanese Agriculture" (U Toronto Press, 2021) Aug 11, 2021

Agriculture has been among the toughest political battlegrounds in postwar Japan and represents an ideal case study in institutional stability and change. Inefficient land use and a rapidly aging workforce have long been undermining the economic viability of the agricultural sector. Yet vested interests in the small-scale, part-time agricultural production structure have obstructed major reforms. Change has instead occurred in more subtle ways. Since the mid-1990s, a gradual reform process has dismantled some of the core pillars of the postwar agricultural support and protection regime. Harvesting State Support analyzes this process by shifting the analytical focus to the local level.

In Harvesting State Support: Institutional Change and Local Agency in Japanese Agriculture (U Toronto Press, 2021), Hanno Jentzsch investigates how local actors, including farmers, local governments, and local agricultural cooperatives, have translated abstract policies into local practice. Showing how local variants are constructed through recombining national reforms with the local informal institutional environment, Harvesting State Support reveals new links between agricultural reform and other shifts in Japan’s political economy. This is an important book that should be read by anyone interested in the intersection of local and larger institutions as they influence agriculture in post-industrial society.

John W. Traphagan, Ph.D. is Professor and Mitsubishi Heavy Industries Fellow in the Department of Religious Studies at the University of Texas at Austin, where he is also a professor in the Program in Human Dimensions of Organizations.

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Mai Hassan, "Regime Threats and State Solutions: Bureaucratic Loyalty and Embeddedness in Kenya" (Cambridge UP, 2020) Aug 11, 2021

When trying to understand how to help countries escape poverty, economists initially focused on macro topics like inflation, government deficits, trade balances, and capital inflows. Later there was a shift in focus to institutions, looking at whether and how competitive elections, strong legal systems, and other features facilitated investment and growth. More recently micro policy has become a new focus, with experimentalists conducting randomized trials to figure out whether or how much specific policies like de-worming, malaria bednets, or clean cooking stoves helped or why they might fail.

But regardless of whether a country is a democracy or dictatorship and regardless of whether the policies have been evaluated by a randomized controlled trial, someone has to carry them out. How are government personnel selected, assigned, and incentivized? How does this affect policy implementation? In her book, Regime Threats and State Solutions: Bureaucratic Loyalty and Embeddedness in Kenya, Professor Mai Hassan explores these issues. She shows how bureaucratic assignments to different areas balance competing political and policy concerns, with a focus as much on maintaining power as on achieving development.

In our conversation, Professor Hassan mentioned a new working paper on the grudging and gradual formalization of property rights in Kenya, with my colleague at the University of San Francisco, Kathleen Klaus. She has also co-authored an article setting out a new agenda for the study of public administration in developing countries. Recently, she has begun studying Sudan, the country of her birth. One early product of this research is here.

Mai Hassan is an Associate Professor in the Department of Political Science at the University of Michigan. Her work focuses on the state, autocracy, and regime change. She received her PhD from Harvard University.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco. His research examines the political economy of governance and development in China.

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Shelby Grossman, "The Politics of Order in Informal Markets: How the State Shapes Private Governance" (Cambridge UP, 2021) Aug 04, 2021

Property rights are important for economic exchange, but many governments don't protect them. Private market organizations can fill this gap by providing an institutional structure to enforce agreements, but with this power comes the ability to extort group members. Under what circumstances, then, will private organizations provide a stable environment for economic activity? Based on market case studies and a representative survey of traders in Lagos, Nigeria, this book argues that threats from the government can force an association to behave in ways that promote trade. The findings challenge the conventional wisdom that private good governance in developing countries thrives when the government keeps its hands off private group affairs. Instead, the author argues, leaders among traders behave in ways that promote trade primarily because of the threat of government intrusion.

Shelby Grossman is a research scholar at the Stanford Internet Observatory. Dr. Grossman's primary research interests are in comparative politics and sub-Saharan Africa. She was previously an assistant professor of political science at the University of Memphis and a Postdoctoral Fellow at Stanford University’s Center on Democracy, Development, and the Rule of Law. Dr. Grossman earned her PhD in Government from Harvard University in 2016.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. His primary research interest is in the political economy of governance and development, particularly in China.

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Leo Casey, "The Teacher Insurgency: A Strategic and Organizing Perspective" (Harvard Education Press, 2020) Aug 04, 2021

In The Teacher Insurgency: A Strategic and Organizing Perspective(Harvard Education Press, 2020), Leo Casey addresses how the unexpected wave of recent teacher strikes has had a dramatic impact on American public education, teacher unions, and the larger labor movement. Casey explains how this uprising was not only born out of opposition to government policies that underfunded public schools and deprofessionalized teaching, but was also rooted in deep-seated changes in the economic climate, social movements, and, most importantly, educational politics.

With an eye to maintaining the momentum of the insurgency, the author examines four key strategic questions that have arisen from the strikes: the relationship of mobilization to organizing; the relationship between protests and direct action; the conditions under which teacher strikes are most likely to be successful; and the importance of "bargaining for the common good." More broadly, Casey examines how to organize teachers for collective action, focusing on four discourses of teaching: teaching as nurturance; as professionalism; as labor and craft; and as a vocation of democratic intellectual work.

Leo Casey is the Executive Director of the Albert Shanker Institute, a strategic think tank affiliated with the American Federation of Teachers. He taught and worked in New York City public high schools for twenty-eight years. During this time, he was a union activist and leader, serving for six years as a Vice President of New York City's United Federation of Teachers. In that role, he led the union's organizing in charter schools. Casey has won a number of awards for his teaching and was named the 1992 Social Studies Teacher of the Year for the American Teacher Awards. For ten years, his students--all of color, and predominantly immigrants and girls--won city and state championships in the "We the People" civics competition, twice placing fourth in the nation. Casey has worked with teachers in Tanzania and Russia on the development of civics education, and with teachers in China on promoting critical pedagogical methods. He has written extensively on civics, education, unionism and politics, in both print and on-line publications. Casey holds a PhD in political science from the University of Toronto.

Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly.

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Andrew W. Lo and Stephen R. Foerster, "In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest" (Princeton UP, 2021) Aug 02, 2021

Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio (Princeton UP, 2021) examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors.

Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant.

Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com.

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Jennifer Pan, "Welfare for Autocrats: How Social Assistance in China Cares for Its Rulers" (Oxford UP, 2020) Jul 29, 2021

Development economists have been doing intensive research in recent years on conditional cash transfer programs as a tool to help get people out of poverty. Meanwhile in the US there has been a lot of talk about Universal Basic Income as a remedy for inequality and social disclocations. On paper, China’s Minimum Livelihood Guarantee, or Dibao, sounds a lot like Universal Basic Income. Jennifer Pan shows that this tool of poverty alleviation has instead been turned into a tool of surveillance and oppression. Ultimately, this focus on “stability” may backfire. Pan’s book Welfare for Autocrats: How Social Assistance in China Cares for Its Rulers (Oxford UP, 2020) offers insights gleaned from a remarkable combination of in-person field interviews, surveys, online field experiments, and data generated from automated analyses of massive numbers of government documents and social media posts.

Jennifer Pan is an Assistant Professor of Communication, and an Assistant Professor, by courtesy, of Political Science and Sociology at Stanford University. She conducts research at the intersection of political communication and authoritarian politics, showing how authoritarian governments try to control society, how the public responds, and when and why each is successful.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. His research examines the political economy of governance and development in China.

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Massimo Rostagno et al., "Monetary Policy in Times of Crisis: A Tale of Two Decades of the European Central Bank" (Oxford UP, 2021) Jul 28, 2021

In July 2021, nine summers after its then president saved the euro with three choice words (“whatever it takes”), the European Central Bank published the results of a thoroughgoing review of its strategy.

A policy framework built for times when inflation posed a modest upside challenge had coped – but only just – with successive financial, sovereign-debt, banking and health crises that threatened chronically weak inflation at best and deflation at worst.

Essential to the review was research conducted to mark the 20th anniversary of the ECB in 2019 and now updated and published as a book: Monetary Policy in Times of Crisis: A Tale of Two Decades of the European Central Bank (Oxford UP, 2021) by Massimo Rostagno, Carlo Altavilla, Giacomo Carboni, Wolfgang Lemke, Roberto Motto, Arthur Saint Guilhem and Jonathan Yiangou.

This exhaustive analytical history concludes that the ECB operated two policy regimes – one from 1999 to 2012 and a second crisis-informed strategy until the narrative ends before the onset of the pandemic. With its strategic review over, the history lessons from this book will be an essential guide to ECB thinking as it prepares a slow and careful unwinding of its emergency policy settings.

Massimo Rostagno has been the ECB’s Director General Monetary Policy since August 2017 and has worked at the central bank since 1998. He has served as head of the Monetary Policy Strategy Division and Director Monetary Policy and, before that, worked at the Banca d’Italia and the International Monetary Fund. He holds a PhD in economics from the University of California, Los Angeles. (Any views expressed are personal and not necessarily those of the ECB).

*The author's own book recommendations are Capital in the Twenty-First Century by Thomas Piketty (Harvard University Press, 2014) and The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era by Barry Eichengreen (OUP USA, 2018).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global (Energy Aspects).

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Lorenzo Fusaro, "Crises and Hegemonic Transitions: From Gramsci's Quaderni to the Contemporary World Economy" (Haymarket Books, 2020) Jul 26, 2021

Gramsci’s concept of hegemony is often invoked, but usually as a means of cultural critique and analysis. However, my guest Lorenzo Fusaro argues in his recent book Crises and Hegemonic Transitions: From Gramsci's Quaderni to the Contemporary World Economy(Haymarket Books, 2020) that Gramsci’s work is permeated by Marx’s economic critique and his theories of value. Split into two parts, the book is both a critical rereading of Gramsci, followed by a rereading of the last century of economic and political developments. The first half of the book involves a careful rereading of key concepts in Gramsci’s Prison Notebooks, rethinking concepts such as hegemony as being more closely related to the base, instead of simply being superstructural description. Hegemony is not above and beyond economic dynamics and antagonisms, but emerges from them and changes alongside them. This allows for a broadening of the theory conceptually, and also allows him to apply it to international relations, instead of being confined to a particular state. The second half of the book then traces the economic history of the 20th century, starting with the rise of the United States in the international scene in the 1920’s, and following through to its eventual unraveling on the world stage in the present day. And even though the book was first published in 2018, at the end Fusaro offered some speculations on how this reworked theory of hegemony might help us think about the recent COVID crisis and its aftermath. Synthesizing theory, history and economics, this is a book that offers a powerful punch, and will reward readers from a number of different angles, and offers some dynamic theoretical resources for understanding our current crisis, and what might be just around the corner.

The book was first published by Brill as part of the Historical Materialism book series, and is now available in paperback from Haymarket.

Lorenzo Fusaro received his PhD in international political economy at King's College, London. He is an associate professor of political economy at the Universidad Autonoma Metropolitana in Mexico, and is also one of the editors of Revisiting Gramsci’s Laboratory.

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David Chard, "When Colleges Close: Leading in a Time of Crisis" (Johns Hopkins UP, 2020) Jul 26, 2021

David Chard, the President of Wheelock College in Boston, MA, discusses the process of merging Wheelock successfully into Boston University to become the BU Wheelock College of Education and Human Development. His book, When Colleges Close: Leading in a Time of Crisis(Johns Hopkins University Press, 2020), written with Wheelock’s VPAA Mary Churchill, provides the most detailed guide available on each step involved in merging a struggling small college into a large university in a way that preserve and amplified its mission and impact. Chard shares what led them to write the book so soon after completing this painful process, and many additional insights about what goes into a successful merger.

David Finegold is the president of Chatham University.

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Malte Dold and Tim Krieger, "Ordoliberalism and European Economic Policy: Between Realpolitik and Economic Utopia" (Taylor & Francis, 2021) Jul 21, 2021

Once described as a “German oddity”†, Ordoliberalism was one of a number of new liberalisms that emerged from the political maelstrom of the interwar period. But, unlike the other neoliberal splinters, Ordoliberalism – founded at the University of Freiburg by economist Walter Eucken and jurist Franz Böhm – was quickly tested in the real world.

The West Germany rebuilt out of the ashes of war was founded on its principles: rules-based economics, independent agencies protected from politics and the state as arbiter. The country's recovery and successful reunification were a testament to Ordoliberalism’s effectiveness but, as the European Community became a union and created the euro, its other members were keener to import the success than the rules. When crisis struck from 2008, the EU's architecture was severely stress-tested and remains under strain in the wake of the coronavirus pandemic.

Is the long EU political crisis due to Ordoliberalism or due to its non-implementation? Can and should Ordoliberalism adapt and survive? These are some of the questions addressed in Ordoliberalism and European Economic Policy: Between Realpolitik and Economic Utopia (Routledge paperback, 2021) co-edited by Malte Dold and Tim Krieger. Malte Dold is a Freiburg university graduate who now an assistant professor of economics at Pomona College in California, and Tim Krieger is Freiburg's Wilfried Guth professor of constitutional political economy.

*As their book recommendations, Tim Krieger chose Conservative Liberalism, Ordo-liberalism, and the State: Disciplining Democracy and the Market by Kenneth Dyson (OUP Oxford, 2021) and Exit Left: Markets and Mobility in Republican Thought by Robert S. Taylor (OUP Oxford, 2017); and Malte Dold chose The Narrow Corridor: How Nations Struggle for Liberty by Daron Acemoglu and James A. Robinson (Penguin, 2020) and The Idea of Justice by Amartya Sen (Penguin, 2010).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors (Energy Aspects).

†Ordoliberalism: A German oddity? ed. Thorsten Beck and Hans-Helmut Kotz (CEPR Press 2017).

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Mark Bevir, “How Social Science Creates the World” (Open Agenda, 2021) Jul 20, 2021

How Social Science Creates the World is based on an in-depth filmed conversation between Howard Burton and UC Berkeley political scientist Professor Mark Bevir. Mark Bevir is an internationally acclaimed expert in the theory of governance. This thought-provoking conversation explores how attempts to shoehorn political science into a natural science framework commonly fail and how correctly appreciating what social science is and does has a direct bearing on our everyday social lives. By adopting the false belief that the social world is composed of some unchanging, fundamental entities on par with atoms or molecules—be they markets or classes or what have you—we will have no means of recognizing, or even describing, what happens when circumstances change and a new social dynamic is created.

Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at howard@ideasroadshow.com.

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Mallory E. SoRelle, "Democracy Declined: The Failed Politics of Consumer Financial Protection" (U Chicago Press, 2020) Jul 19, 2021

Americans rely on credit to provide for their food, clothing, shelter, transportation, and other daily necessities and the 2008 financial crisis demonstrated how they relied on private financial institutions that encouraged risky lending practices. Yet federal policy makers did little to change their approach to curbing risky lending practices and there was little political response from consumers or consumer groups. How can political scientists explain the behavior of government actors, interest groups, or borrowers?

In Democracy Declined: The Failed Politics of Consumer Financial Protection (U Chicago Press, 2020), Dr. SoRelle insists that the expansion of consumer financing -- in terms of access and economic significance -- is fundamentally a political issue with serious political and economic consequences. She offers a policy-centered explanation sensitive to what she calls regulatory feedback effects that shape the behavior of bureaucrats, consumer advocates, and ordinary Americans. Individuals did not fail – they responded to systemic incentives and goals. SoRelle explains how angry borrowers' experiences with nearly invisible government policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals--they threaten the stability of entire economies. In addition to explaining the political dynamics of failure, SoRelle identifies possible remedies. This multi-method scholarship contributes to our understanding of policy feedback in an important and timely case study.

Dr. Mallory E. SoRelle is an assistant professor at the Sanford School of Public Policy at Duke University. Her research interrogates how public policies are produced by, and how they reproduce, socioeconomic and political inequality in the United States. She has worked in both electoral politics and consumer advocacy. The podcast drops the week of the 10th anniversary of the Consumer Financial Protection Bureau.

Susan Liebell is an associate professor of political science at Saint Joseph’s University in Philadelphia. Why Diehard Originalists Aren’t Really Originalists appeared in the Washington Post’s Monkey Cage and “Sensitive Places: Originalism, Gender, and the Myth Self-Defense in District of Columbia v. Heller” can be found in July 2021’s Polity. Email her comments at sliebell@sju.edu or tweet to @SusanLiebell.

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Nicoletta Batini, "The Economics of Sustainable Food: Smart Policies for Health and the Planet" (Island Press, 2021) Jul 13, 2021

In The Economics of Sustainable Food: Smart Policies for Health and the Planet (Island Press, 2021), Dr. Nicoletta Batini, and co-authors, unpack the true cost of food production. While the Green Revolution served a purpose, Dr. Batini makes the case that the industrial food complex continues to cause tremendous global economic losses in terms of malnutrition, diseases, and environmental degradation. To ensure we do not exceed the 1.5oC target, the book offers the Great Food Transformation (GFT) as a solution. The GFT entails, (1) halving animal-based food production and increasing plant-based production, (2) shifting to organic, regenerative farming, and (3) rewilding, reforesting, and afforesting land. In this interview, Dr. Batini discusses the economics and policy mechanisms to make the GFT possible. Some of the mechanisms discussed include taxes, labor market reform, alongside regulation in cases where market incentives are unlikely to work or to work fast enough. We discuss the important differences in the GFT between “advanced economies” and “less-advanced economies,” with case studies that highlight successes in both.

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Joe Allen, "The Package King: A Rank and File History of UPS" (Haymarket Books, 2020) Jul 13, 2021

If the 20th Century was the American Century, it was also UPS's Century. Joe Allen's The Package King: A Rank and File History of UPS (‎Haymarket Books, 2020), tears down the Brown Wall surrounding one of America's most admired companies—the United Parcel Service (UPS). The company that we see everyday but know so little about. How did a company that began as a bicycle messenger service in Seattle, Washington become a global behemoth? How did it displace General Motors, the very symbol of American capitalism, to become the largest, private sector, unionized employer in the United States? And, at what cost to its workers and surrounding communities? Will it remain the Package King in the 21st Century or will be dethroned by Amazon?

Joe Allen worked for nearly a decade at UPS between its Watertown, Massachusetts and Chicago, Illinois Jefferson Street hubs. Allen's work life has largely involved different sections of freight and logistics including for such major employers as A.P.A Transport (Canton, Mass.), Yellow Freight (Maspeth, NY), and UPS. He has been a member of several Teamster local unions and a member of Teamsters for a Democratic Union.

Schneur Zalman Newfield is an Assistant Professor of Sociology at Borough of Manhattan Community College, City University of New York, and the author of Degrees of Separation: Identity Formation While Leaving Ultra-Orthodox Judaism (Temple University Press, 2020). Visit him online at ZalmanNewfield.com.

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Swethaa S. Ballakrishnen, "Accidental Feminism: Gender Parity and Selective Mobility Among India’s Professional Elite" (Princeton UP, 2021) Jul 06, 2021

In India, elite law firms offer a surprising oasis for women within a hostile, predominantly male industry. Less than 10 percent of the country's lawyers are female, but women in the most prestigious firms are significantly represented both at entry and partnership. Elite workspaces are notorious for being unfriendly to new actors, so what allows for aberration in certain workspaces?

Drawing from observations and interviews with more than 130 elite professionals, Accidental Feminism: Gender Parity and Selective Mobility Among India’s Professional Elite(Princeton UP, 2021) examines how a range of underlying mechanisms-gendered socialization and essentialism, family structures and dynamics, and firm and regulatory histories-afford certain professionals egalitarian outcomes that are not available to their local and global peers. Juxtaposing findings on the legal profession with those on elite consulting firms, Swethaa Ballakrishnen reveals that parity arises not from a commitment to create feminist organizations, but from structural factors that incidentally come together to do gender differently. Simultaneously, their research offers notes of caution: while conditional convergence may create equality in ways that more targeted endeavors fail to achieve, "accidental" developments are hard to replicate, and are, in this case, buttressed by embedded inequalities. Ballakrishnen examines whether gender parity produced without institutional sanction should still be considered feminist.

In offering new ways to think about equality movements and outcomes, Accidental Feminism forces readers to critically consider the work of intention in progress narratives.

Noopur Raval is a postdoctoral researcher working at the intersection of Information Studies, STS, Media Studies and Anthropology.

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Yanzhong Huang, "Toxic Politics: China's Environmental Health Crisis and its Challenge to the Chinese State" (Cambridge UP, 2020) Jul 02, 2021

Popular discussions of China’s growth prospects often focus on the success or failure specific industries. They might address the challenges rising wages pose to the export manufacturing sector, or the emergence of the new data-fueled tech sector. But one of the most important determinants of a country’s long-run economic growth is human capital—the education and health of its people.

In Toxic Politics: China's Environmental Health Crisis and its Challenge to the Chinese State (Cambridge UP, 2020), Yanzhong Huang shows how China’s environmental problems have created a health crisis with long-run consequences. It then digs into the reasons why despite all the centralized power China’s leaders showed in dealing with the COVID-19 outbreak, these same leaders have found it difficult to address the country’s rampant air, water, and soil pollution. The institutional problems in the Chinese system highlighted by this book go far beyond the environmental sphere. This makes the book an excellent way to learn about the challenges China’s leaders face in any domain of policy implementation, whether it be pushing forward domestic economic reforms on their own initiative or implementing international agreements around trade and climate change.

Yanzhong Huang is a professor at the School of Diplomacy and International Relations at Seton Hall University, where he directs the school’s Center for Global Health Studies. He is also a Senior Fellow for Global Health at the Council on Foreign Relations and the founding editor of Global Health Governance: The Scholarly Journal for the New Health Security Paradigm. He received his PhD in Political Science from the University of Chicago.

Recommendation from Professor Huang: The Plague Year: America in the Time of COVID, by Lawrence Wright.

Recommendation from Peter Lorentzen: Scott Rozelle and Natalie Hell’s Invisible China on the failure of China’s educational system to serve the majority of its population.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. His research examines the political economy of governance and development in China.

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Open Access Publishing Explained: A Discussion with Ros Pyne Jul 01, 2021

Welcome to The Academic Life. You are smart and capable, but you aren’t an island, and neither are we. So we reached across our mentor network to bring you podcasts on everything from how to finish that project, to how to take care of your beautiful mind. Wish we’d bring in an expert about something? DM us your suggestion on Twitter: The Academic Life @AcademicLifeNBN.

In this episode you’ll hear about: Ros Pyne’s path through higher education, how she found her way to her current job, her role at Bloomsbury Publishers, what Open Access [OA] is and is not, how OA can democratize knowledge, and what she’s hopeful about.

Our guest is: Ros Pyne, who is the Global Director of Research and Open Access at Bloomsbury Publishers. She has worked in academic publishing since 2007, initially as an editor, and for the last eight years in roles focusing on open access. She has a particular interest in bringing open access to long-form scholarship and to the humanities, and is the co-author of several reports on open access books. She holds a degree in English from the University of Cambridge, and an MA in early modern English literature from King’s College London.

Our host is: Dr. Christina Gessler, a historian of women and gender.

Listeners to this episode might be interested in:

Open access at Bloomsbury
Directory of Open Access Books
OAPEN OA Books Toolkit (for anyone interested in learning more about what open access books are and how they work)
Open Access Books Network (a free online network for people working on open access books or interested in getting involved)
Open Access and the Humanities (a 2014 book by an open access expert Martin Paul Eve that’s still an excellent primer on this topic)

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Benjamin Lorr, "The Secret Life of Groceries: The Dark Miracle of the American Supermarket" (Penguin, 2020) Jun 29, 2021

This episode of the New Books in Economic and Business History is an interview with New York writer Benjamin Lorr. Benjamin Lorr is the author of ofHell-Bent: Obsession, Pain, and the Search for Something Like Transcendence in Competitive Yoga, a book that explores the Bikram Yoga community and movement. His second book, The Secret Life of Groceries: The Dark Miracle of the American Supermarket is "an extraordinary investigation into the human lives at the heart of the American grocery store. The miracle of the supermarket has never been more apparent. Like the doctors and nurses who care for the sick, suddenly the men and women who stock our shelves and operate our warehouses are understood as ‘essential’ workers, providing a quality of life we all too easily take for granted. But the sad truth is that the grocery industry has been failing these workers for decades.

In this page-turning expose, author Benjamin Lorr pulls back the curtain on the highly secretive grocery industry. Combining deep sourcing, immersive reporting, and sharp, often laugh-out-loud prose, Lorr leads a wild investigation, asking what does it take to run a supermarket? How does our food get on the shelves? And who suffers for our increasing demands for convenience and efficiency?"

Listen to the interview, read more about Benjamin Lorr, or buy his book The Secret Life of Groceries: The Dark Miracle of the American Supermarket.

Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. New Books Network en español editor. Edita CEO.

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Peter E. Hamilton, "Made in Hong Kong: Transpacific Networks and a New History of Globalization" (Columbia UP, 2021) Jun 29, 2021

Between 1949 and 1997, Hong Kong transformed from a struggling British colonial outpost into a global financial capital. Made in Hong Kong: Transpacific Networks and a New History of Globalization (Columbia University Press, 2021) delivers a new narrative of this metamorphosis, revealing Hong Kong both as a critical engine in the expansion and remaking of postwar global capitalism and as the linchpin of Sino-U.S. trade since the 1970s.

In Made in Hong Kong, Peter E. Hamilton explores the role of an overlooked transnational Chinese elite who fled to Hong Kong amid war and revolution. Despite losing material possessions, these industrialists, bankers, academics, and other professionals retained crucial connections to the United States. They used these relationships to enmesh themselves and Hong Kong with the U.S. through commercial ties and higher education. By the 1960s, Hong Kong had become a manufacturing powerhouse supplying American consumers, and by the 1970s it was the world’s largest sender of foreign students to American colleges and universities. Hong Kong’s reorientation toward U.S. international leadership enabled its transplanted Chinese elites to benefit from expanding American influence in Asia and positioned them to act as shepherds to China’s reengagement with global capitalism. After China’s reforms accelerated under Deng Xiaoping, Hong Kong became a crucial node for China’s export-driven development, connecting Chinese labor with the U.S. market.

Peter E. Hamilton is a historian of China and the World. From fall 2021, he will be Assistant Professor in World History at Lingnan University in Hong Kong. His research has been published in Twentieth-Century China, The International History of Review, The Journal of Historical Sociology, and numerous media outlets.

Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, tentatively titled Banking on the Chinese Frontier: Foreign Banks and Global Finance in Modern China, 1870–1919, is forthcoming with Cambridge University Press.

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Canay Özden-Schilling, "The Current Economy: Making Energy and Markets in the United States" (Stanford UP, 2021) Jun 25, 2021

Electricity is a quirky commodity: more often than not, it cannot be stored, easily transported, or imported from overseas. Before lighting up our homes, it changes hands through specialized electricity markets that rely on engineering expertise to trade competitively while respecting the physical requirements of the electric grid. The Current Economy: Making Energy and Markets in the United States(Stanford UP, 2021) is an ethnography of electricity markets in the United States that shows the heterogeneous and technologically inflected nature of economic expertise today. Based on ethnographic fieldwork among market data analysts, electric grid engineers, and citizen activists, this book provides a deep dive into the convoluted economy of electricity and its reverberations throughout daily life.

Canay Özden-Schilling argues that many of the economic formations in everyday life come from work cultures rarely suspected of doing economic work: cultures of science, technology, and engineering that often do not have a claim to economic theory or practice, yet nonetheless dictate forms of economic activity. Contributing to economic anthropology, science and technology studies, energy studies, and the anthropology of expertise, this book is a map of the everyday infrastructures of economy and energy into which we are plugged as denizens of a technological world.

This interview is part of an NBN special series on “Mobilities and Methods.”

Canay Özden-Schilling is Assistant Professor of Anthropology at the National University of Singapore.

Alize Arıcan is an incoming Postdoctoral Fellow at Rutgers University's Center for Cultural Analysis. She is an urban anthropologist focusing on futurity, care, and migration in Turkey. Her work has been featured in Current Anthropology, City & Society, Radical Housing Journal, and entanglements: experiments in multimodal ethnography.

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Rocío Zambrana, "Colonial Debts: The Case of Puerto Rico" (Duke UP, 2021) Jun 24, 2021

What can debt reveal to us about coloniality and its undoing? In Colonial Debts: The Case of Puerto Rico(Duke University Press, 2021), Rocío Zambrana theorizes the way debt has been used as a technique of neoliberal coloniality in Puerto Rico, producing profit from death on the island. With close attention to the material practices of protestors who have fought that destruction of life for the purposes of profit, Zambrana argues that decolonization entails political-economic subversion and transformative interruption of the hierarchies of race, gender, and class that fuel and are sustained by colonization. She shows us how organizing pessimism nourishes hope.

Sarah Tyson is an associate professor of philosophy at the University of Colorado, Denver.

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Sarah K. Mock, "Farm (and Other F Words): The Rise and Fall of the Small Family Farm" (New Degree Press, 2021) Jun 23, 2021

In Farm (and Other F Words): The Rise and Fall of the Small Family Farm (New Degree Press, 2021), Sarah K. Mock seeks to answer “what exactly do we mean by a Good Farm?” She looks at size, income, and age, among other factors that might be metrics of a Good Farm. Using USDA NASS data, farmer interviews, and experience Sarah shares some not so easy to hear perspectives. In this interview, Sarah discusses the systems at play, most working exactly as intended, that are preventing agribusiness from operating as businesses at all. We discuss the lack of mechanisms to remove ineffective or harmful farmers, why more farms don’t grow food (e.g., fruits and vegetables), and whether rich farmers grow food for poor people while poor farmers grow food for rich people. In the last moments of the book, and our interview, Sarah reveals a potential solution – Big Team Farms. What are they? Come find out.

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Shane Hamilton, "Supermarket USA: Food and Power in the Cold War Farms Race" (Yale UP, 2018) Jun 22, 2021

This episode of the New Books in Economic and Business History is an interview with Dr. Shane Hamilton, Senior Lecturer in Management at The York Management School, University of York. There he teaches Strategy and Business Humanities. He is the author of Trucking Country: The Road to America's Wal-Mart Economy (Princeton, 2008) and he is associate editor of Enterprise & Society and co-editor of the book series American Business, Politics, and Society of the University of Pennsylvania Press. He has published articles on food and agribusiness in different journals such as the Technology & Culture, Strategic Entrepreneurship Journal, History of Retailing and Consumption, Enterprise & Society, Business History Review, and Agricultural History. Today our interview is centered around Professor Hamilton’s latest book Supermarket USA, Food and Power in the Cold War Farms Race(published by Yale University Press in 2018).

America fought the Cold War in part through supermarkets—and the food economy pioneered then has helped shape the way we eat today Supermarkets were invented in the United States, and from the 1940s on they made their way around the world, often explicitly to carry American‘ style economic culture with them. This innovative history tells us how supermarkets were used as anticommunist weapons during the Cold War, and how that has shaped our current food system. The widespread appeal of supermarkets as weapons of free enterprise contributed to a “farms race” between the United States and the Soviet Union, as the superpowers vied to show that their contrasting approaches to food production and distribution were best suited to an abundant future. In the aftermath of the Cold War, U.S. food power was transformed into a global system of market power, laying the groundwork for the emergence of our contemporary world, in which transnational supermarkets operate as powerful institutions in a global food economy.

I recommend you visit Dr. Shane Hamilton’s website to learn about all his publications.

Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. New Books Network en español editor. Edita CEO.

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Raven Bowen, "Work, Money and Duality: Trading Sex As a Side-Hustle" (Policy Press, 2021) Jun 22, 2021

Raven Bowen's Work, Money and Duality: Trading Sex As a Side-Hustle (Policy Press, 2021) is a rare and valuable exploration of work duality. It calls on practitioners, policymakers and researchers to recognise the experiences of sex workers and to address race, culture and sex work in the UK against the backdrop of Brexit. Based on extensive empirical work, it illustrates contemporary accounts of individuals who take extraordinary risks to hold jobs in both sex industries and non-sex work employment.

Raven is the CEO of Ugly Mugs - check them out here.

Rachel Stuart is a sex work researcher whose primary interest is the lived experiences of sex workers.

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Manfred Elfstrom, "Workers and Change in China: Resistance, Repression, Responsiveness" (Cambridge UP, 2021) Jun 18, 2021

Post-socialist China has seen extensive labor unrest in the form of strikes, protests, and riots. The party-state has responded, sometimes with greater repression, sometimes with institutional changes to better channel and represent worker interests, and sometimes with both. Manfred Elfstrom’s Workers and Change in China: Resistance, Repression, Responsiveness (Cambridge UP, 2021) explores the feedback loop between citizen unrest and state response, using both extensive fieldwork and statistical analysis of strike locations.

Manfred Elfstrom is an Assistant Professor in the Department of Economics, Philosophy, and Political Science at the University of British Columbia, Okanagan. Previously, he served as a Postdoctoral Scholar and Teaching Fellow at the University of Southern California’s School of International Relations and a China Public Policy Postdoctoral Fellow at Harvard University’s Ash Center for Democratic Governance and Innovation. He received his PhD from Cornell University’s Department of Government. Before entering academia, he worked in the non-profit world, supporting workers’ rights and improved grassroots governance in China.

Recommendations from Professor Elfstrom, reflecting his current interests in learning more about workers and labor activism beyond China: Stoll, Steven. 2017. Ramp Hollow: The Ordeal of Appalachia, explores the economic and political forces that over centuries turned Appalachia from Daniel Boone’s pioneer paradise to one of America’s most deeply impoverished regions. The Labor Action Tracker is a new initiative at Cornell University to collect comprehensive national data on strikes and labor protests in the US.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. His research examines the political economy of governance and development in China.

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Yao Li, "Playing by the Informal Rules: Why the Chinese Regime Remains Stable despite Rising Protests" (Cambridge UP, 2018) Jun 11, 2021

In the developing world, political turmoil often brings an end to promising economic growth stories. During its period of rapid economic growth in the 1990s and 2000s, China experienced a remarkable surge in the number of public protests. Yet these protests did not destabilize the regime. Yao Li’s book, Playing by the Informal Rules: Why the Chinese Regime Remains Stable despite Rising Protests (Cambridge UP, 2018), combines quantitative research on a nationwide dataset of protests with in-depth qualitative fieldwork to investigate why. Li argues that a clear set of informal rules, followed by both protesters and government agencies, helped keep protests within bounds. If protesters engaged the regime rather than challenging it, limiting their demands and their protest strategies, they could expect a moderate response and some redress for their grievances. This helped stabilize rather than undermine China’s political system.

Author Yao Li is an Assistant Professor in the Department of Sociology and Criminology & Law at the University of Florida. She holds a Ph.D. in Sociology from Johns Hopkins University. Before coming to the University of Florida, she was a postdoctoral fellow at Harvard University’s Ash Center for Democratic Governance and Innovation and was a lecturer at the University of Kansas. Her research combines quantitative and qualitative methods to address debates in the fields of social movements, environmental studies, political sociology, and development.

Recommendations from Professor Li: Plastic China, a 2016 documentary about the business of sorting and recycling imported plastic waste and the life of a young girl growing up in a small-scale household-recycling workshop. Islam, Authoritarianism, and Underdevelopment, a 2019 book arguing that a centuries-old alliance between religious officials and military authorities caused and perpetuates the economic and political stagnation of the Muslim world.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. His research examines the political economy of governance and development in China.

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Carter Phipps et al., "Conscious Leadership: Elevating Humanity Through Business" (Portfolio, 2020) Jun 10, 2021

In 2013, Whole Foods CEO John Mackey started a movement with Conscious Capitalism, a New York Times bestseller that taught the power of the heroic spirit of business. Since then, readers and fans have been asking Mackey for a follow-up on leadership. Now he's answered their call, to inspire entrepreneurs and trailblazers to take the next step: as leaders who see beyond the bottom line.

Conscious Leadership: Elevating Humanity Through Business (Portfolio, 2020) by John Mackey, Steve McIntosh and Carter Phipps pulls back the veil on the strategies that have helped Mackey shepherd Whole Foods through four decades of incredible growth and innovation, including its recent sale to Amazon. Through time-tested virtues, from Passion for Purpose to Seek Win-Win-Win Solutions, each chapter will challenge you to rethink conventional business wisdom. The book weaves together anecdotes and case studies, profiles of other conscious leaders and innovative techniques for self-development -- culminating in an empowering call to action.

In this episode host Mark McKergow talks to Carter Phipps about Conscious Leadership, how being 'conscious' (aware, learning, flexible, not asleep!) is ever more important for leaders in businesses and elsewhere. The book is a rich collection of ideas and examples - a few well-known, others less familiar - which take forward the ideas of purpose-driven businesses with wider ambitions than simply making money. Carter is also refreshingly up-front about the need for businesses to make money as well!

In the conversation Carter explores how purpose and effectively co-exist for successful businesses, how leadership has become a crucial factor in talent engagement and retention, and how long-term thinking becomes ever more important as the range of stakeholders grows. He also mentions 'Cultural Intelligence', a way to look at different world views and seek to help people understand where others are coming from so they can work together and not simply slug it out.

Mark McKergow is an author, speaker, facilitator and coach specialising in solution-focused and post-heroic leadership approaches in organisations. He is the author of six books including The Solution Focus (Nicholas Brealey Publishing, 2007) and Host: Six new roles of engagement (Solutions Books, 2014), and is currently building the Village In The City project.

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Tom Eisenmann, "Why Startups Fail: A New Roadmap for Entrepreneurial Success" (Currency, 2021) Jun 08, 2021

Why do many startups fail? Tom Eisenmann, Professor of Entrepreneurship at Harvard Business School realised that even he didn’t really know the answer, despite a lifetime teaching entrepreneurship, and decided to write a book to answer exactly that question. You can hear him go into detail on the NBN Entrepreneurship and Leadership Channel interviewed by experienced entrepreneurs Richard Lucas and Kimon Fountoukidis. Whether you want to start a business one day, or just have better conversations with people who are in business, don’t miss this “book of the day” podcast. He draws attention to a critical gap in the Lean Startup methodology which can save both dollars and time if correctly applied. This idea alone makes the podcast worth listening to.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

In this episode we do go a little further into Tom’s background that normal, and give an entrepreneurial take on his ideas.

He does a great job of explaining his ideas, and there is much for any entrepreneur to learn.

If you want your startup to succeed, you need to understand why startups fail. That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn't answer it. So he launched a multiyear research project to find out. In Why Startups Fail: A New Roadmap for Entrepreneurial Success (Currency, 2021), Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures.

* Bad Bedfellows. Startup success is thought to rest largely on the founder's talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly.

* False Starts. In following the oft-cited advice to "fail fast" and to "launch before you're ready," founders risk wasting time and capital on the wrong solutions.

* False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand.

* Speed Traps. Despite the pressure to "get big fast," hypergrowth can spell disaster for even the most promising ventures.

* Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both.

* Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong.

About our guest

Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at Harvard Business School (HBS) and the faculty co-chair of the Arthur Rock Center for Entrepreneurship. Since joining the HBS faculty in 1997, he’s led The Entrepreneurial Manager, an introductory course taught to all first-year MBAs, and launched fourteen electives on all aspects of entrepreneurship, including one on startup failure. Eisenmann has authored more than one hundred HBS case studies and his writing has appeared in The Wall Street Journal, Harvard Business Review, and Forbes.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Lorraine Daston and Peter Galison, "Objectivity" (Zone Books, 2010) Jun 07, 2021

Turns out "objectivity" has a not-so clear-cut definition across time. In this podcast, Lorraine Daston and Peter Galison to discuss their work, Objectivity(Zone Books, 2010). This work traces the historical and cultural developments of the word “objective” as it acquired different meanings and associated practices. Similarly, they consider the changing relationship of objectivity as it relates to the subjectivity of the researcher, as the “scientific self.” This deep philosophical work, diving into the cultural and historical shifts of epistemology within the past few centuries, is told through atlas making and image generation.

In this conversation, we discuss the evolving processes of research and atlas making and how they co-evolved with the fears, virtues, and ideals of the time of their emergence. Additionally, we talk about the role of the self and aesthetics in categorizing and publishing the collections of working objects in atlases. We end looking at the current trajectories of image production as they try to pragmatically predict what's to come.

Sarah Kearns (@annotated_sci) is an acquisition editor for an open scholarship publishing platform, a freelance science writer, and loves baking bread.

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James M. Banner Jr., "The Ever-Changing Past: Why All History Is Revisionist History" (Yale UP, 2021) Jun 04, 2021

In recent years the phrase “revisionist history” has emerged as a label for politically-correct reexaminations of an unalterable understanding of our past. As James M. Banner, Jr. demonstrates in his book The Ever-Changing Past: Why All History Is Revisionist History (Yale UP, 2021), such a definition ignores how historical knowledge in the West has always been fluid and subject to reinterpretation by scholars. As Banner illustrates, such revisionism occurs in a variety of ways and can reflect everything from the discovery of new information to the reconsideration of the past from different perspectives the present. These approaches are evident even in the earliest works of history, and reflect the changes that have taken place in civilization over time. By addressing recent public controversies at which revisionism was at the heart, Banner shows that It is through this process that we better understand who we are today and the course we will take as a society going forward.

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Francine Tremblay, "Organizing for Sex Workers’ Rights in Montréal: Resistance and Advocacy" (Lexington Books, 2020) Jun 04, 2021

Francine Tremblay's book Organizing for Sex Workers’ Rights in Montréal: Resistance and Advocacy (Lexington Books, 2020) is based on a case study about Stella, l’amie de Maimie a Montréal sex workers' rights organization, founded by and for sex workers. It explores how a group of ostracized female-identified sex workers transformed themselves into a collective to promote the health and well-being of women working in the sex industry. Weighed down by the old and tenacious whore symbol, the sex workers at Stella had to find a way to navigate the criminality of sex work and sex workers, in order to do advocacy and support work, and create safer spaces for sex workers to engage in such advocacy. This book focuses on sex workers, but the advocacy challenges and strategies it outlines can also apply to the lives of other marginalized groups who are often ignored, pitied, or reviled, but who are seldom seen as fully human.

Listeners may also be interested in this article by Tromblay and a report for The Doctors of The World.

Rachel Stuart is a sex work researcher whose primary interest is the lived experiences of sex workers.

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Carla Diana, "My Robot Gets Me: How Social Design Can Make New Products More Human" (Harvard Business, 2021) Jun 03, 2021

Today I talked to Carla Diana about her new book My Robot Gets Me: How Social Design Can Make New Products More Human(Harvard Business Review Press, 2021).

Carla Diana is a robot designer responsible for the creative aspects of Diligent Robotics’ new hospital service robot named Moxi. She created and leads the 4D Design masters program at the Cranbrook Academy of Art, wrote the world’s first children’s book on 3D printing, LEO the Maker Prince, and she cohosts the Robopsych Podcast.

The author is intrigued by where technology is headed—the “electronic guts” of high-tech offerings--at the same time that she never loses focus on what kind of gut reaction a user will have in interacting with a product. This episode therefore ranges from discussing modalities central to Diana’s work (sound, movement, and lighting) to addressing how important it is for designers and engineers alike to engage in “bodystorming” exercises that align everyone around what the user’s experience will be like. Delight and ease of use are both key criteria in achieving success. If there’s a Frankenstein aspect to helping bring robots “alive,” fortunately Diana is somebody concerned with all the ethical challenges that arise.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Heather Berg, "Porn Work: Sex, Labor, and Late Capitalism" (UNC Press, 2021) Jun 03, 2021

Every porn scene is a record of people at work. But on-camera labor is only the beginning of the story. Porn Work takes readers behind the scenes to explore what porn performers think of their work and how they intervene to hack it. Blending extensive fieldwork with feminist and antiwork theorizing, Porn Work: Sex, Labor, and Late Capitalism (UNC Press, 2021) details entrepreneurial labor on the boundaries between pleasure and tedium. Rejecting any notion that sex work is an aberration from straight work, it reveals porn workers' creative strategies as prophetic of a working landscape in crisis. In the end, it looks to what porn has to tell us about what's wrong with work, and what it might look like to build something better.

Rachel Stuart is a sex work researcher whose primary interest is the lived experiences of sex workers.

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Lesley Lavery, "A Collective Pursuit: Teachers' Unions and Education Reform" (Temple UP, 2020) Jun 03, 2021

A Collective Pursuit: Teachers' Unions and Education Reform(Temple UP, 2020) focuses on the idea that individuals, in this case, teachers, are multifaceted and multidimensional actors who pursue goals for a variety of reasons and those reasons are connected to their capacity to do their jobs, to the best of their abilities, as well as their interests as citizens and community members. According to Lesley Lavery’s research, the data indicate that teachers are the most important in-school predictors of student success. This suggests that in thinking about educational structure and reform, the focus should always include the individual teacher in a classroom and their capacity to do their job well. Thus, Lavery’s analysis in A Collective Pursuit is both to understand the capacity and role of the individual teacher in the classroom and in the American educational system, and to understand the role that organized labor has played in working on behalf of teachers but within a changing educational landscape.

This landscape, in recent decades, has seen the advent and expansion of the charter school movement, and various teachers’ strikes in expected places (Chicago public schools) and in unexpected places (West Virginia, Oklahoma, Kentucky, and elsewhere). Lavery peels apart the various dimensions of these dynamics, examining the establishment of the two largest teachers’ unions in the United States (the AFT and the NEA) and how their origins impact both the way they approach their missions and how they work on behalf of educators. Into this dynamic, of public schools, teachers’ unions, state regulations of funding streams and the perpetual reform of education, we see the advent of charter schools, which are also public schools, but are allowed to operate a bit differently, in a number of states, from the traditional public-school model. Lavery’s analysis examines how charter schools have been integrated into the public-school arena, and now, how the teachers at some of these schools are moving towards unionization efforts and why they are inclined to do so. Lavery explores the important connection between organized labor, the individual teacher, and educational reform efforts. These connections are complex, but they are also at the heart of the American educational system and they need to be considered in context of reform, new approaches, and, as so many have experienced in the midst of the COVID pandemic, home schooling efforts and parent involvement in their children’s education.

Lilly J. Goren is professor of political science at Carroll University in Waukesha, WI. She is co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), as well as co-editor of Mad Men and Politics: Nostalgia and the Remaking of Modern America (Bloomsbury Academic, 2015). Email her comments at lgoren@carrollu.edu or tweet to @gorenlj.

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Kristy Ironside, "A Full-Value Ruble: The Promise of Prosperity in the Postwar Soviet Union" (Harvard UP, 2021) Jun 02, 2021

In spite of Karl Marx's proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the government's and the people's visions for the maturing Communist project. A strong ruble--one that held real value in workers' hands and served as an effective labor incentive--was seen as essential to the economic growth that would rebuild society and realize Communism's promised future of abundance.

In A Full-Value Ruble: The Promise of Prosperity in the Postwar Soviet Union (Harvard UP, 2021), Ironside shows how Soviet citizens turned to the state to remedy the damage that the ravages of the Second World War had inflicted upon their household economies. From the late 1940s through the early 1960s, progress toward Communism was increasingly measured by the health of its citizens' personal finances, such as greater purchasing power, higher wages, better pensions, and growing savings. However, the increasing importance of money in Soviet life did not necessarily correlate to improved living standards for Soviet citizens. The Soviet government's achievements in "raising the people's material welfare" continued to lag behind the West's advances during a period of unprecedented affluence. These factors combined to undermine popular support for Soviet power and confidence in the Communist project.

Kristy Ironside is an Assistant Professor of Russian history at McGill University. She focuses on the economic, social, and political history of the Soviet Union.

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Shai Reshef: Founding President, University of the People May 31, 2021

Shai Reshef shares the remarkable story of the creation of the University of the People, which has grown from an initial small class of students in 2008 to over 55,000 low-income students all over the world today. Reshef founded University of the People after a successful career as an educational technology entrepreneur, setting out to leverage these technologies to launch the world’s first free US-accredited asynchronous online university with a goal of serving the 100 million+ talented young people who lack access to a quality education. The University of the People has been able to make remarkable progress toward this ambitious goal by adopting a peer learning model overseen by a huge volunteer faculty workforce. It offers undergraduate and Master’s degrees in the high-demand areas of Business, Nursing, and Computer Science; courses are free, but students who want college credit pay for the final proctored assessment, with the cost of a full degree about $4800 and scholarships to support those who can’t afford that.

David Finegold is the president of Chatham University.

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Michelle Miller-Adams, "The Path to Free College: In Pursuit of Access, Equity, and Prosperity" (Harvard Education Press, 2021) May 28, 2021

In The Path to Free College: In Pursuit of Access, Equity, and Prosperity (Harvard Education Press, 2021), Michelle Miller-Adams argues that tuition-free college, if pursued strategically and in alignment with other sectors, can be a powerful agent of change. She makes the case that broadly accessible and affordable higher education is in the public interest, yielding dividends not just for individuals but also for the communities, states, and nation in which they reside. Miller-Adams offers a comprehensive analysis of the College Promise movement--its history, impacts, and unintended consequences--and its relationship to access, affordability, and workforce readiness.

These factors are explored through data, analysis, and case studies of existing place-based scholarship programs. She also examines historical precursors of the free-college movement and evaluates the possibility of national action. The Path to Free College outlines how the design of free-college programs should relate to programmatic goals and explores the suitability of different approaches. In addition, the book describes both the need for and the challenges of implementing a nationwide free-college program, as well as the variety of models and research-based evidence. Given the raging national debate about tuition-free college, the moment is right for a book that assesses state and local efforts and offers policy leaders and practitioners guidance going forward. The Path to Free College asserts that the promise of private and public gains warrants public investment in tuition-free college.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Joanne Meyerowitz, "A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit" (Princeton UP, 2021) May 27, 2021

A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit (Princeton UP, 2021) provides a fresh account of US involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, Joanne Meyerowitz looks beyond familiar histories of development and explains why antipoverty programs increasingly focused on women as the deserving poor. When the United States joined the war on global poverty, economists, policymakers, and activists asked how to change a world in which millions lived in need. Moved to the left by socialists, social democrats, and religious humanists, they rejected the notion that economic growth would trickle down to the poor, and they proposed programs to redress inequities between and within nations.

In an emerging “women in development” movement, they positioned women as economic actors who could help lift families and nations out of destitution. In the more conservative 1980s, the war on global poverty turned decisively toward market-based projects in the private sector. Development experts and antipoverty advocates recast women as entrepreneurs and imagined microcredit—with its tiny loans—as a grassroots solution. Meyerowitz shows that at the very moment when the overextension of credit left poorer nations bankrupt, loans to impoverished women came to replace more ambitious proposals that aimed at redistribution. Based on a wealth of sources, A War on Global Poverty looks at a critical transformation in antipoverty efforts in the late twentieth century and points to its legacies today.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Jon Dean, "The Good Glow: Charity and the Symbolic Power of Doing Good" (Policy Press, 2020) May 26, 2021

Why do people give to charity? In The Good Glow Charity and the Symbolic Power of Doing Good (Policy Press, 2020), Jon Dean, Associate Professor in Politics and Sociology at Sheffield Hallam University offers a new sociology of charity to explain how charities ask and the motivations of donors. The book situates charity in the context of the global and digital age, as well as thinking through the impact of controversies and political agendas on both charitable organisations, individuals, and society more generally. Rich with theoretical and case study detail, the book will be essential reading across the social sciences, as well as for anyone interested in understanding charity.

Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art.

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Nicholas Freudenberg, "At What Cost: Modern Capitalism and the Future of Health" (Oxford UP, 2021) May 25, 2021

Freedom of choice lies at the heart of American society. Every day, individuals decide what to eat, which doctors to see, who to connect with online, and where to educate their children. Yet, many Americans don't realize that these choices are illusory at best. By the start of the 21st century, every major industrial sector in the global economy was controlled by no more than five transnational corporations, and in about a third of these sectors, a single company accounted for more than 40 percent of global sales. The available options in food, healthcare, education, transportation, and even online presence are largely constructed by corporations, whose sweeping influence have made them the public face and executive agents of 21st-century capitalism.

At What Cost: Modern Capitalism and the Future of Health (Oxford UP, 2021) confronts how globalization, financial speculation, monopolies, and control of science and technology have enhanced the ability of corporations and their allies to overwhelm influences of government, family, community, and faith. As corporations manipulate demand through skillful marketing and veto the choices that undermine their bottom line, free consumer choice has all but disappeared, and with it, the personal protections guarding our collective health. At What Cost argues that the world created by 21st-century capitalism is simply not fit to solve our most serious public health problems, from climate change to opioid addiction. However, author and public health expert Nicholas Freudenberg also shows that though the road is steep, human and planetary well-being constitute a powerful mobilizing idea for a new social movement, one that will restore the power of individual voice to our democracy. With impeccably detailed research and an eye towards a better future, At What Cost arms ordinary citizens, activists, and health professionals with an understanding of how we've arrived at the precipice, and what we can do to ensure a healthier collective future.

Claire Clark is a medical educator, historian of medicine, and associate professor in the University of Kentucky’s College of Medicine. She teaches and writes about health behavior in historical context.

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Free Tax Prep That's Never Free: A Discussion with ProPublica's Justin Elliott May 25, 2021

In this episode, we are talking to ProPublica investigative journalist Justin Elliott.

Justin has been with ProPublica since 2012 and writes about business and economics, as well as money and influence in politics. He has produced stories for the New York Times and NPR. His work on TurboTax maker Intuit – a story we are discussing today -- won a Gerald Loeb Award for business journalism.

The story of how 70% of Americans are eligible to file their taxes for free, but no one can pull it off has many chapters. Read about it here, here, and here.

ProPublica is an independent, nonprofit newsroom that produces investigative journalism with “moral force.”

Agata Popeda is a Polish-American journalist. Interested in everything, with a particular weakness for literature and foreign relations.

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Jennifer Sherman, "Dividing Paradise: Rural Inequality and the Diminishing American Dream" (U California Press, 2021) May 24, 2021

How rural areas have become uneven proving grounds for the American Dream. Small-town economies that have traditionally been based on logging, mining, farming, and ranching now increasingly rely on tourism, second-home ownership, and retirement migration. In Dividing Paradise: Rural Inequality and the Diminishing American Dream (University of California Press, 2021), Jennifer Sherman tells the story of Paradise Valley, Washington, a rural community where amenity-driven economic growth has resulted in a new social landscape of inequality and privilege, with deep fault lines between old-timers and newcomers. In this complicated cultural reality, "class blindness" allows privileged newcomers to ignore or justify their impact on these towns, papering over the sentiments of anger, loss, and disempowerment of longtime locals. Based on in-depth interviews with individuals on both sides of the divide, this book explores the causes and repercussions of the stark inequity that has become commonplace across the United States. It exposes the mechanisms by which inequality flourishes and by which Americans have come to believe that disparity is acceptable and deserved.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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William D. Nordhaus, "The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World" (Princeton UP, 2021) May 24, 2021

Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax.

Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Nathan D. Grawe, "The Agile College: How Institutions Successfully Navigate Demographic Changes" (Johns Hopkins UP, 2021) May 24, 2021

In his highly influential book, Demographics and the Demand for Higher Education, Carleton College Professor of Economics, Nathan Grawe, alerted college and university leaders to the challenges they would be facing with the accelerating decline in the number of U.S. high school graduates that will come in the middle of this decade. In his new book, The Agile College: How Institutions Successfully Navigate Demographic Changes(Johns Hopkins UP, 2021), he updates the demographic trends through the mid-2030s and describes the variety of strategies different institutions are adopting to respond to the decline in their traditional student population. He shares what led him to become an economist and the rigorous training he received at the University of Chicago. We have an engaging discussion of the implications of his work for both university leaders and policymakers as they debate reforms for funding college students. He also shares some insights from his new project looking at the publishing and career paths of economists working in liberal arts colleges.

David Finegold is the president of Chatham University.

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David Spinks: Founder of CMX, the community of community builders May 24, 2021

In this episode David describes his childhood contact with entrepreneurship, and how he was looking for and found community and acceptance in the video game world. We learn how he discovered and almost invented the profession of “community manager” and created the CMX community of community managers. We also hear about the problems that community managers face in making their communities sustainable, and discuss his book: The Business of Belonging: How to Make Community your Competitive Advantage (Wiley, 2021).

We also learn about how CMX became part of Bevy and multiple other ups and downs in David’s life so far.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

About our guest

David Spinks launched his first online community at 14 years old for his favorite video game, Tony Hawk's Pro Skater 4. Today he's become a prominent leader in the community-driven business movement and has trained and advised community teams at companies like Google, Facebook, Udemy, Waze, and Airbnb. Spinks has long believed that community is the future of business and has made it his life's purpose to help others learn how to build thriving, meaningful communities. He is the cofounder of CMX, where over 20,000 community professionals gather to learn and support each other and is the host of CMX Summit, the largest conference in the community industry. In 2019, CMX was acquired by Bevy, where Spinks now serves as the VP of Community, helping companies launch and scale event-driven community programs.

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Rob Kitchin, "Data Lives: How Data Are Made and Shape Our World" (Policy Press, 2021) May 20, 2021

The word ‘data’ has entered everyday conversation, but do we really understand what it means? How can we begin to grasp the scope and scale of our new data-rich world, and can we truly comprehend what is at stake. In Data Lives: How Data Are Made and Shape Our World (Policy Press, 2021), renowned social scientist Rob Kitchin explores the intricacies of data creation and charts how data-driven technologies have become essential to how society, government and the economy work. Creatively blending scholarly analysis, biography and fiction, he demonstrates how data are shaped by social and political forces, and the extent to which they influence our daily lives. He reveals our data world to be one of potential danger, but also of hope.

Noopur Raval is a postdoctoral researcher working at the intersection of Information Studies, STS, Media Studies and Anthropology.

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Amanda Ciafone, "Counter-Cola: A Multinational History of the Global Corporation" (U California Press, 2019) May 20, 2021

Today I talked to Amanda Ciafone's (University of Illinois, Urbana-Champaign) about her book Counter-Cola: A Multinational History of the Global Corporation (University of California Press, 2019). Counter-Cola charts the history of one of the world’s most influential and widely known corporations, The Coca-Cola Company. Over the past 130 years, the corporation has sought to make its products, brands, and business central to daily life in over 200 countries. Amanda Ciafone uses this example of global capitalism to reveal the pursuit of corporate power within the key economic transformations—liberal, developmentalist, neoliberal—of the twentieth and twenty-first centuries. Coca-Cola's success has not gone uncontested. People throughout the world have redeployed the corporation, its commodities, and brand images to challenge the injustices of daily life under capitalism. As Ciafone shows, assertions of national economic interests, critiques of cultural homogenization, fights for workers’ rights, movements for environmental justice, and debates over public health have obliged the corporation to justify itself in terms of the common good, demonstrating capitalism’s imperative to either assimilate critiques or reveal its limits.

This book is a great source to study the history of globalization and global capitalism through the analysis of the particular history of the US-headquartered and textbook case multinational, the Coca-Cola Company, through the twentieth century. Counter-Cola looks at how the strategies of the multinational company, mostly devised at its headquarters in Atlanta, Giorgia, developed in Colombia and India as nationalism, financial dependency, workers’ unrest, social movements, and health considerations unfolded and were opposed to the overarching and assumed benefits of the multinational in both locations. Amanda Ciafone is a cultural historian of capitalism, especially interested in culture industries and the role of the media in constructing meaning around economic and social relations.

Check out Professor Ciafone’s additional and research materials related to her book Counter-Cola: A Multinational History of the Global Corporation that are available in a digitally accessible Scalar companion that is available on her faculty profile website.

Paula De La Cruz-Fernandez is an economic and business historian. Author of Gendered Capitalism: Sewing Machines and Multinational Business in Spain and Mexico, 1850-1940 (Routledge 2021)

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Scott Sonenshein, "Stretch: Unlock the Power of Less and Achieve More Than You Ever Imagined" (HarperCollins, 2017) May 19, 2021

We often think the key to success and satisfaction is to get more: more money, time, and possessions; bigger budgets, job titles, and teams; and additional resources for our professional and personal goals. It turns out we're wrong.

Using captivating stories to illustrate research in psychology and management, Rice University professor Scott Sonenshein examines why some people and organizations succeed with so little, while others fail with so much. People and organizations approach resources in two different ways: "chasing" and "stretching." When chasing, we exhaust ourselves in the pursuit of more. When stretching, we embrace the resources we already have. This frees us to find creative and productive ways to solve problems, innovate, and engage our work and lives more fully.

Stretch: Unlock the Power of Less and Achieve More Than You Ever Imagined (HarperCollins, 2017) shows why everyone--from executives to entrepreneurs, professionals to parents, athletes to artists--performs better with constraints; why seeking too many resources undermines our work and well-being; and why even those with a lot benefit from making the most out of a little.

Drawing from examples in business, education, sports, medicine, and history, Scott Sonenshein advocates a powerful framework of resourcefulness that allows anybody to work and live better.

Debbie Sorenson is a psychologist in Denver and the host of the excellent podcast Psychologists Off the Clock.

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Bobby C. Lee, "The Promise of Bitcoin: The Future of Money and How It Can Work for You" (McGraw-Hill Education, 2021) May 18, 2021

I spoke with Bobby Lee about his book 'The promise of Bitcoin: The Future of Money and How It Can Work for You' (McGraw-Hill, 2021).

Bobby Leeis a very interesting character, among the leading figures in the field of cryptocurrency. He is the founder and CEO of Ballet, a cryptocurrency startup. He is the cofounder of BTCC, the longest-running bitcoin exchange and leading financial platform worldwide. He also serves on the board of the Bitcoin Foundation, a nonprofit organization that has built wider awareness of bitcoin, one of the industry’s most influential groups. Before founding BTCC, Lee was vice president of technology of Walmart. Previously, Lee was a software engineer at Yahoo!, where he led the development of the earliest online communities.

We started the conversation mentioning the mysterious figure of Satoshi Nakamoto. We covered the actions currently being taken by central banks in the field and we spoke about the case of China. We also discussed why criminals are interested in using Bitcoin.

The book is a very good tool for those like me who were only vaguely aware of the cryptocurrency sector. Bobby offers a compelling argument for how this digital currency could impact the global economy. A financial revolution is materializing before our eyes. The way individuals, organizations, and governments conduct transactions—from purchasing a book online to acquiring major corporations to delivering billions in financial aid—will look vastly different in the near future. According to Bobby, Bitcoin is spearheading this transformation and may be the best investment opportunity of our time, yet most people have yet to understand its promise.

In this book, Lee, one of the earliest, most successful pioneers in the cryptocurrency space, debunks myths and dispels fears that surround Bitcoin, arguing that this rational, logical system is superior to traditional monetary systems. He cites signs of Bitcoin’s widening acceptance: a growing community of users worldwide and multiple initiatives for investing in and holding bitcoin among major financial services organizations and institutional investors who control trillions in assets. Lee offers a primer on the best strategies for investing in this digital currency. He discusses the pros and cons, and covers the complicated yet more profitable method of acquiring bitcoin, mining. He offers predictions for the future, including price, trajectory, use, and participation in the larger economy—as well as developments in regulation, technology, business, and society.

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Mary Pilon, "The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game" (Bloomsbury, 2015) May 17, 2021

The inside story of the world's most famous board game-a buried piece of American history with an epic scandal that continues today.

The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game(Bloomsbury, 2015) reveals the unknown story of how Monopoly came into existence, the reinvention of its history by Parker Brothers and multiple media outlets, the lost female originator of the game, and one man's lifelong obsession to tell the true story about the game's questionable origins.

Most think it was invented by an unemployed Pennsylvanian who sold his game to Parker Brothers during the Great Depression in 1935 and lived happily--and richly--ever after. That story, however, is not exactly true. Ralph Anspach, a professor fighting to sell his Anti-Monopoly board game decades later, unearthed the real story, which traces back to Abraham Lincoln, the Quakers, and a forgotten feminist named Lizzie Magie who invented her nearly identical Landlord's Game more than thirty years before Parker Brothers sold their version of Monopoly. Her game--underpinned by morals that were the exact opposite of what Monopoly represents today--was embraced by a constellation of left-wingers from the Progressive Era through the Great Depression, including members of Franklin Roosevelt's famed Brain Trust.

A gripping social history of corporate greed that illuminates the cutthroat nature of American business over the last century, The Monopolists reads like the best detective fiction, told through Monopoly's real-life winners and losers.

Mary Pilon is a journalist, screenwriter, and author of the bestselling books "The Monopolists" and "The Kevin Show" as well as co-host and co-author of “Twisted: The Story of Larry Nassar and the Women Who Brought Him Down.” Her work regularly appears in the New Yorker, Esquire, Bloomberg BusinessWeek, Vice, New York, and The New York Times, among other publications.

Dr. Lee Pierce (they & she) is Assistant Professor of Rhetorical Communication at State University of New York at Geneseo and host of the podcast RhetoricLee Speaking. Connect with Lee on Gmail and social media @rhetoriclee.

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Farabi Fakih, "Authoritarian Modernization in Indonesia's Early Independence Period" (Brill, 2020) May 14, 2021

There has been a resurgent global interest in the origins and formation of authoritarian regimes as many states around the world drift away from liberal democracy. Indonesia’s experiences with such an authoritarian turn in the 1950s and 1960s offers many lessons from history. In Authoritarian Modernization in Indonesia’s Early Independence Period (Brill, 2020), Farabi Fakih offers a historical analysis of the foundational years leading to Indonesia’s New Order state (1966-1998) during the early independence period. The study looks into the structural and ideological state formation during the so-called Liberal Democracy (1950-1957) and Sukarno’s Guided Democracy (1957-1965). In particular, it analyses how the international technical aid network and the dominant managerialist ideology of the period legitimized a new managerial elite. The book discusses the development of managerial education in the civil and military sectors in Indonesia. The study gives a strongly backed argument that Sukarno’s constitutional reform during the Guided Democracy period inadvertently provided a strong technocratic blueprint for the New Order developmentalist state.

In this podcast, we discuss the concept and range of authoritarian modernization, Sukarno’s Guided Democracy as a revolution, the formation of a military elite and the connection between Cold War technical aid and democratic decline.

Farabi Fakih is a lecturer at the History Department at Gadjah Madah University in Indonesia and the head of the department’s graduate program. He received his PhD from Leiden University in 2014. His research interests center on Indonesian urban history and the political economy of the Indonesian state.

Faizah Zakaria is an assistant professor of history at Nanyang Technological University in Singapore. You can find her website here or on Twitter @laurelinarien

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John Wong, "Global Trade in the Nineteenth Century: The House of Houqua and the Canton System" (Cambridge UP, 2016) May 13, 2021

In Global Trade in the Nineteenth Century: The House of Houqua and the Canton System(Cambridge University Press, 2016), John D. Wong examines the Canton trade networks that helped to shape the modern world through the lens of the prominent Chinese merchant Houqua, whose trading network and financial connections stretched from China to India, America and Britain. In contrast to interpretations that see Chinese merchants in this era as victims of rising Western mercantilism and oppressive Chinese traditions, Houqua maintained a complex balance between his commercial interests and those of his Western counterparts, all in an era of transnationalism before the imposition of the Western world order. The success of Houqua and Co. in configuring its networks in the fluid context of the early nineteenth century remains instructive today, as the contemporary balance of political power renders the imposition of a West-centric world system increasingly problematic, and requires international traders to adapt to a new world order in which China, once again, occupies center stage.

John D. Wong is associate professor at the School of Modern Languages and Cultures and the Hong Kong Institute for the Humanities and Social Sciences at the University of Hong Kong. His research focuses on the flow of people, goods, capital and ideas. With a particular interest in Hong Kong and the Pearl River Delta area, he explores how such flow connected the region to the Chinese political center in the north as well as their maritime partners in the South China Sea and beyond. He is the co-convenor of a new collaborative research project titled "Delta on the Move: The Becoming of the Greater Bay Region, 1700 – 2000."

Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, tentatively titled Banking on the Chinese Frontier: Foreign Banks, Global Finance and the Making of Modern China, 1870–1919, is forthcoming with Cambridge University Press.

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Linda Gibbs et al., "How Ten Global Cities Take on Homelessness: Innovations That Work" (U California Press, 2021) May 11, 2021

How Ten Global Cities Take on Homelessness: Innovations That Work (U California Press, 2021) provides a first-hand account of the challenges of homelessness and how cities have used innovation and local political coordination to take them on. Most importantly, it shares lessons from ten cities--Bogota, Mexico City, Los Angeles, Houston, Nashville, New York City, Baltimore, Edmonton, Paris, and Athens--and draws the common themes and strategies that have worked to overcome street homelessness. The authors have been involved in these cities through their work at Bloomberg Associates (as staff and consultants) and bring an interesting array of government, non-profit, and academic perspectives to analyze the efforts underway. From these authors' perspective, homelessness is not an insurmountable social condition, and their examples show that cities can lead the charge for better outcomes. Intended readers include municipal, regional, and national policy makers and managers, non-profit service providers, and community advocates and citizens interested in collaborating for real change. Policy students in public administration and social work would also benefit from such an up-to-date account of best practices on the homelessness front.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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John Kenneth Galbraith, "The Great Crash 1929" (Penguin Classics, 2021) May 11, 2021

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929– first published in 1954 and re-published in May 2021 as a Penguin Modern Classic.

Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since.

In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09.

Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin.

*The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020)

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Vasco Pedro: CEO and Entrepreneur May 10, 2021

Vasco Pedro talks about growing up in Portugal, the lessons learned in military boarding school from the age of 10, his love of coding and building things, and how he was always pushing himself to do better and why team surfing trips, and mock battles are part of the Unbabel culture. We hear him being open about his mistakes and his view of Steve Jobs’ concept of “reality distortion”. He talks about the ups and downs of being a YC company. We also get an insider’s view of how the translation industry is being disrupted by the combination of tremendous cost reductions and speed enhancements that their AI technology brings to the market.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

About our guest

Vasco is the CEO of Unbabel, we are eliminating language barriers by combining machine translation and human post editing. He has a PhD in Language Technologies from Carnegie Mellon. Unbabel enables modern enterprises to serve customers in their native languages, with always-on, scalable translation across digital channels. Powered by AI and refined by a global community of translators, Unbabel combines the speed and scale of machine translation with the authenticity that can come only from a native speaker. Unbabel has raised $91M in funding and has over 260 employees across its Lisbon headquarters and offices in San Francisco, New York, and Pittsburgh. Leading brands like Facebook, Microsoft, Booking.com, and easyJet use Unbabel to make their customers happier and their support operations vastly more efficient.

Unbabel’s website https://unbabel.com/press-and-media

Vasco’s Linkedin https://www.linkedin.com/in/vascopedro

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube. See this episode here https://youtu.be/qmN-mmwZ-L0

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here.

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Tim Jackson, "Post Growth: Life after Capitalism" (Polity, 2021) May 07, 2021

I spoke with Prof. Tim Jackson about his latest book: Post Growth, Life after Capitalism, published by Polity Books in 2021.

The book starts with a reflection on the event of the past few months. The success in 2019 of the school strikes for climate, the attention that Greta Thunberg received even in Davos, and the arrival of the pandemic that changed our priorities. Even the 2009 crisis challenged the degrowth movement when we experienced the consequences of the recession. I have asked how do we keep the focus on sustainability?

This book and his work in general are about the need for a change in our economic paradigms. But we are still tied to old ideas and institutions. Keynes that many progressive politicians and economists frequently refer to, cannot be really claimed to be offering revolutionary ideas for our times. Still, the book mentions an essay by Keynes from 1930 where he appears clearly interested in what should come after the immediate actions (growth) needed to overcome the great depression.

We discussed how the shift in economic paradigm can follow different patterns in the rich nations and in the developing ones. Finally, referring to the final chapter, 'Dolphins in Venice', we talked about what could happen at the end of the pandemic to our cultural and consumption preferences.

Capitalism is broken. The relentless pursuit of more has delivered climate catastrophe, social inequality and financial instability—and left us ill prepared for life in a global pandemic. Weaving together philosophical reflection, economic insight and social vision, Tim Jackson’s passionate and provocative book dares us to imagine a world beyond capitalism—a place where relationship and meaning take precedence over profits and power. Post Growth is both a manifesto for system change and an invitation to rekindle a deeper conversation about the nature of the human condition.

Dr Tim Jackson holds degrees in mathematics (MA, Cambridge), philosophy (MA, Uni Western Ontario) and physics (PhD, St Andrews). He is Director of the Centre for the Understanding of Sustainable Prosperity and Professor of Sustainable Development at the University of Surrey in the UK.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK.

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John B. Thompson, "Book Wars: The Digital Revolution in Publishing" (Polity, 2021) May 07, 2021

Today I talked to John Thompson, Emeritus Professor, Fellow of Jesus College, Cambridge, about his new book Book Wars: The Digital Revolution in Publishing (Polity, 2021). We discuss crowdfunding, audio books, distribution chains, social media, self-publishing, ebooks, Amazon, retail, and oh, also those things that are made of paper and glued together and have words printed in them.

Interviewer: "One of the real eye-openers for me in the book was the distance, historically speaking, between readers and publishers. Now, as I think about it, and as I compare what a company like Amazon does to what traditional publishers do, well, I begin to notice that publishers are on the side of authors and content and that publishers have an obligation, even, on that side."

John Thompson: "Yes, they have an obligation to authors. Publishers are good and professional at developing content. And if they're good publishers, they have a well thought-through and sophisticated marketing and publicity operation that helps to create visibility for books. But on this last point alone–––making books known to others–––the opportunity created by the digital revolution is not just that you make books visible by using traditional media like advertising in the newspaper, but that you are able to reach out directly to readers and consumers and make your books visible to them directly, in much the way that Amazon does when they send an email blast to an Amazon user that says, 'You might be interested in this book.' But why can't publishers do that themselves? Now, thanks to the digital revolution, the opportunity is created for publishers to develop relationships with readers, and to do so at scale. It simply wasn't possible, prior to the digital revolution and prior to the Internet. But now it is. And so that is a huge transformation that publishers are beginning to avail themselves of and which will, I think, continue to change the industry."

Daniel Shea heads Scholarly Communication, the podcast about how knowledge gets known. Daniel is Director of the Writing Program at Heidelberg University, Germany. Daniel's YouTube Channel is called Write Your Research.

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Lila Corwin Berman, "The American Jewish Philanthropic Complex: The History of a Multibillion-Dollar Institution" (Princeton UP, 2020) May 05, 2021

For years, American Jewish philanthropy has been celebrated as the proudest product of Jewish endeavors in the United States, its virtues extending from the local to the global, the Jewish to the non-Jewish, and modest donations to vast endowments. Yet, as Lila Corwin Berman illuminates in The American Jewish Philanthropic Complex: The History of a Multibillion-Dollar Institution (Princeton University Press, 2020), the history of American Jewish philanthropy reveals the far more complicated reality of changing and uneasy relationships among philanthropy, democracy, and capitalism.

With a fresh eye and lucid prose, and relying on previously untapped sources, Berman shows that from its nineteenth-century roots to its apex in the late twentieth century, the American Jewish philanthropic complex tied Jewish institutions to the American state. The government’s regulatory efforts―most importantly, tax policies―situated philanthropy at the core of its experiments to maintain the public good without trammeling on the private freedoms of individuals. Jewish philanthropic institutions and leaders gained financial strength, political influence, and state protections within this framework. However, over time, the vast inequalities in resource distribution that marked American state policy became inseparable from philanthropic practice. By the turn of the millennium, Jewish philanthropic institutions reflected the state’s growing investment in capitalism against democratic interests. But well before that, Jewish philanthropy had already entered into a tight relationship with the governing forces of American life, reinforcing and even transforming the nation’s laws and policies.

The American Jewish Philanthropic Complex uncovers how capitalism and private interests came to command authority over the public good, in Jewish life and beyond.

Lila Corwin Berman is Professor of History at Temple University.

Host: Schneur Zalman Newfield is an Assistant Professor of Sociology at Borough of Manhattan Community College, City University of New York, and the author of Degrees of Separation: Identity Formation While Leaving Ultra-Orthodox Judaism (Temple University Press, 2020). Visit him online at ZalmanNewfield.com.

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C. G. Faricy and C. Ellis, "The Other Side of the Coin: Public Opinion toward Social Tax Expenditures" (Russell Sage Foundation, 2021) May 04, 2021

In The Other Side of the Coin: Public Opinion toward Social Tax Expenditures (Russell Sage Foundation, 2021), political scientists Christopher Ellis and Christopher Faricy examine public opinion towards social tax expenditures—the other side of the American social welfare state—and their potential to expand support for such social investment. Tax expenditures seek to accomplish many of the goals of direct government expenditures, but they distribute money indirectly, through tax refunds or reductions in taxable income, rather than direct payments on goods and services or benefits. They tend to privilege market-based solutions to social problems such as employer-based tax subsidies for purchasing health insurance versus government-provided health insurance.

Drawing on nationally representative surveys and survey experiments, Ellis and Faricy show that social welfare policies designed as tax expenditures, as opposed to direct spending on social welfare programs, are widely popular with the general public. Contrary to previous research suggesting that recipients of these subsidies are often unaware of indirect government aid—sometimes called “the hidden welfare state”—Ellis and Faricy find that citizens are well aware of them and act in their economic self-interest in supporting tax breaks for social welfare purposes. The authors find that many people view the beneficiaries of social tax expenditures to be more deserving of government aid than recipients of direct public social programs, indicating that how government benefits are delivered affects people’s views of recipients’ worthiness. Importantly, tax expenditures are more likely to appeal to citizens with anti-government attitudes, low levels of trust in government, or racial prejudices. As a result, social spending conducted through the tax code is likely to be far more popular than direct government spending on public programs that have the same goals. The first empirical examination of the broad popularity of tax expenditures, The Other Side of the Coin provides compelling insights into constructing a politically feasible—and potentially bipartisan—way to expand the scope of the American welfare state.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Daniel Greene, "The Promise of Access: Technology, Inequality, and the Political Economy of Hope" (MIT Press, 2021) May 03, 2021

Why do we keep trying to solve poverty with technology? What makes us feel that we need to learn to code--or else? In The Promise of Access: Technology, Inequality, and the Political Economy of Hope(MIT Press, 2021), Daniel Greene argues that the problem of poverty became a problem of technology in order to manage the contradictions of a changing economy. Greene shows how the digital divide emerged as a policy problem and why simple technological solutions to complex social issues continue to appeal to politicians and professionals who should (and often do) know better.

Patrick Sheehan is a PhD student in Sociology at UT Austin studying work and careers in the digital economy.

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Kristen E. Looney, "Mobilizing for Development: The Modernization of Rural East Asia" (Cornell UP, 2020) May 03, 2021

Dr. Kristen Looney’s Mobilizing for Development: The Modernization of Rural East Asia published by Cornell University in 2020 interrogates how countries achieve rural development and offers a new way of thinking about East Asia's political economy that challenges the developmental state paradigm. Based on archival research and fieldwork in Asia, the book provides a comparative historical analysis by comparing China's development experience (1980s–2000s) with Taiwan (1950s–1970s) and South Korea (1950s–1970s). The book highlights the role of the state in rural development and sensitize readers to the variation in the region. While the focus is often on institutions, Dr. Looney pushes us to see the dynamic impact of state campaigns on infrastructure, sanitation, and housing in rural areas. The analysis departs from common portrayals of the developmental state as wholly technocratic and demonstrates that rural development was not just a byproduct of industrialization. Rural Modernization campaigns, defined as policies demanding high level of mobilization to affect dramatic change, played a central role in the region and that divergent development outcomes can be attributed to the interplay between campaigns and institutions. As Dr. Looney expands and challenges the developmental state literature, Looney advances a new way of thinking about the political economy of East Asian and encourages political scientists to study rural development.

Dr. Kristen Looney is an Assistant Professor of Asian Studies and Government at Georgetown University. Her areas of specialization include comparative politics and the political economy of China and East Asia.

Daniella Campos assisted with this podcast.

Susan Liebell is an associate professor of political science at Saint Joseph’s University in Philadelphia. Why Diehard Originalists Aren’t Really Originalists recently appeared in the Washington Post’s Monkey Cage and “Retreat from the Rule of Law:Locke and the Perils of Stand Your Ground” was published in the Journal of Politics (July 2020). Email her comments at sliebell@sju.edu or tweet to @SusanLiebell.

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Andrew Konove, "Black Market Capital: Urban Politics and the Shadow Economy in Mexico City" (U California Press, 2018) May 03, 2021

In Black Market Capital Urban Politics and the Shadow Economy in Mexico City (University of California Press, 2018), Andrew Konove traces the history of illicit commerce in Mexico City from the seventeenth century to the twentieth, showing how it became central to the economic and political life of the city. The story centers on the untold history of the Baratillo, the city’s infamous thieves’ market. Originating in the colonial-era Plaza Mayor, the Baratillo moved to the neighborhood of Tepito in the early twentieth century, where it grew into one of the world’s largest emporiums for black-market goods. Konove uncovers the far-reaching ties between vendors in the Baratillo and political and mercantile elites in Mexico City, revealing the surprising clout of vendors who trafficked in the shadow economy and the diverse individuals who benefited from their trade.

Andrew Konove, he is Associate Professor of History at the University of Texas, San Antonio. He is Ph.D. in History by Yale University and his research focuses on the political, economic, and social history of urban Mexico and Spanish America in the late colonial and early national periods. Konove's Black Market Capital Urban Politics and the Shadow Economy in Mexico City received the Social Science Book Prize from the Mexico Section of the Latin American Studies Association and was a finalist for the Business History Conference’s Hagley Prize.

Paula De La Cruz-Fernandez is an economic and business historian. She is also the CEO of Edita.

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Jessi Streib, "Privilege Lost: Who Leaves the Upper Middle Class and How They Fall" (Oxford UP, 2020) May 03, 2021

Talking about social class and the American class structure is a challenge. It can be easy to talk about the class system too rigidly, implying that “the rich stay rich while the poor stay poor.” Yet in our individualistic culture, much rhetoric suggests that anything is possible, which can dismiss the privileges or constraints that come with social class.

Dr. Jessi Streib, assistant professor of sociology at Duke University, is a social class researcher and scholar whose work focuses on interesting junctures and disjunctures where class reveals its influence on individual lives. In Privilege Lost: Who Leaves the Upper Middle Class and How They Fall(Oxford UP, 2020), Streib focuses on a cohort of over 100 men and women who began life in the upper middle class, interviewing them over a ten-year period as they transition from their teens to their late twenties. By looking at the interplay of resources and identity characteristics that influence each person’s class trajectory to maintain upper middle-class status or become downwardly mobile, Streib identifies the multifaceted elements that influence these outcomes.

Each chapter highlights stories that exemplify and show the range of outcomes in various trajectories through a series of archetypes. Social class if often discussed through quantitative studies that can maintain an abstractness to the concept of class mobility, so there is a real power in telling the stories of individuals as an approach to demonstrating the multi-faceted factors that affect social class. The book explores stories of those who become professionals, stay-at-home moms and family men, aspiring athletes and artists, rebels, and explorers. Streib is able to show the interplay of complicated choices individuals make as they enter adulthood, focused on individual values and goals but with associated class implications.

Privilege Lost brings to life the stories of the downwardly mobile, showing that class standing is only one way to measure one’s life satisfaction. This exploration of the coming of age of white upper middle class youth reveals much about class and privilege in American family life.

Michelle Newhart is a sociologists and instructional designer at Mt. San Antonio College.

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Michael Blakey: Entrepreneur, Angel and Seed Investor May 03, 2021

In this podcast Michael Blakey describes how as a strongly dyslexic child his relationship with schooling and formal education was very challenging. He credits his parents with putting him in environments where he developed a lot of resilience - going to boarding schools from the age of seven, and only later in life realising that this was unusual. His early experiences retailing sweets and vodka at school, led to large scale warehouse parties in the US, flipping real estate in London and making enough money to start a seed fund with his brother. We learn about his habit of acting first, and then figuring things out, how he wants both financial success and impact, the questions he asks when trying to decide who to invest in, and how not to approach him.

About Michael Blakey

Michael’s entrepreneurial journey started when he was young. He supported his way through college, in the US, by running a number of events in the city. Michael loves buildingthings – including companies. Michael attributes his atypical journey to becoming a successful entrepreneur-turned-investor to having struggled for years in school, owing to his dyslexia. As a result, he was always on the lookout for ways to succeed outside of school. In turn, it is exactly this kind of differentiation and drive that he looks for in Founders as an investor today.

In 2000 he founded Avonmore Developments, with his brother Simon, to invest in early-stage companies across UK. Since then, they have invested in over 40 companies and have achieved 11 successful exits to date.

In 2013 he moved to SE Asia and set-up Cub Capital that has invested in 12 early-stage companies across the region including Anchanto, Quincus and MyDoc. He has already achieved 1 exit with Crème Simon. Most recently, Michael co-founded Cocoon Capital, an early-stage VC fund, which is looking to invest in enterprise and deep tech companies throughout SE Asia. To date Cocoon has invested in 20 companies including Sensorflow, See-Mode and Buymed. As is his want the structure of Cocoon is very different than your typical fund, as his entrepreneurial spirit always wants him to challenge the status quo.

During Michael’s career he’s been named ‘UK Angel Investor of the Year 2015’ by the UK Business Angel Association, selected as one of the ‘Maserati 100’ and voted by AngelsNews into the list of ‘Business Angels You Should Know’. These accolades were not attributed to

Michael only in recognition of his successful investments, but for the relentless support he gives to the founding and management teams of the companies he invests in as well as his generous contributions over the years towards building the start-up and investor ecosystems in the UK and now SE Asia.

The NBN Entrepreneurship and Leadership podcast aims to educate and inform, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

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Kim Scott, "Just Work: Get Sh*t Done, Fast & Fair" (St. Martin's Press, 2021) Apr 29, 2021

Today I talked to Kim Scott about her new book Just Work: Get Sh*t Done, Fast & Fair (St. Martin's Press, 2021).

Kim Scott and her fellow guest on this episode, Trier Bryant, co-founded the company Just Work to help organizations and individuals create more equitable workplaces. Scott was a CEO coach at Dropbox, Qualtrics, Twitter, and other tech companies. She was a member of the faculty at Apple University and before that led various teams at Google. Bryant has been a leader at Goldman Sachs, Twitter, Astra, and proudly served in the United States Air Force as a Captain, leading engineering teams.

Every situation where somebody gets harmed at work—socially, emotionally, physically—involves the person harmed, an upstander (observer), the bully, and ultimately the leader who should be nurturing a better workplace where justice presides. How to handle those situations, and the difference between bias vs. prejudice is central to this episode. Along the way, the discussion touches on having a Code of Conduct at work; whether and how HR can be helpful; and a clear gender split given the reality that 70% of office bullies are men, whereas 60% of those bullied are women.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Paloma Fernández Pérez. "The Emergence of Modern Hospital Management and Organisation in the World 1880s-1930s" (Emerald, 2021) Apr 28, 2021

The Emergence of Modern Hospital Management and Organisation in the World 1880s-1930s (Emerald, 2021) uses a range of empirical evidence and case studies drawn from previously unpublished archival sources to offer one of the first international comparative studies on the transformation and modernization of hospital management globally, a century ago.

Focusing on the key years between the 1880s and the 1930s, when millions of people crossed the globe and created new large health care needs in the largest cities of the world, Paloma Fernández-Pérez analyzes core themes from a business history perspective, like organization, ownership and the professionalization of management, to reach a new understanding about the history of modern large scale healthcare institutions from the United States to China, with particular attention to Spain.

Paloma Fernández Pérez (PhD. in History University of California, Berkeley) is Professor of Economic History at the University of Barcelona. She is currently also a member of the Academic Board of the Emerging Markets Institute of the University of Cornell and an Invited Project Professor of the University of Kyoto in Japan. She is the founder, and coeditor in chief of the Journal of Evolutionary Studies in Business recently accepted for indexation in the Scopus database of journal

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Ola Innset, "Reinventing Liberalism: The Politics, Philosophy and Economics of Early Neoliberalism (1920-1947)" (Springer, 2021) Apr 26, 2021

This year, more than 40 books will be published in English with 'Neoliberal' or 'Neoliberalism' in the title. For many in the academy, these words have become interchangeable with “capitalist”, “laissez-faire”, “fiscally austere” or pretty much anything short of full socialism.

Yet, when it was first coined by self-proclaimed neoliberals on either side of the second world war, the term had a specific meaning that has since been lost in a culture-war of words. By taking us back to neoliberalism’s embryonic debates in 1920s Vienna and a fly-on-the-wall account of the movement’s founding conference in the Swiss Alps in 1947, Ola Innset brings neoliberalism's specific "dual argument" to life.

Ola Innset is a postdoctoral researcher at the BI Norwegian Business School in Oslo. He has published three other books in Norwegian - the most recent being The Market Turn, a history of neoliberalism in Norway. Reinventing Liberalism: The Politics, Philosophy and Economics of Early Neoliberalism (1920-1947) (Springer, 2021), which is based on a PhD thesis for which he won the 2019 Joseph Dorfman Dissertation Prize from the History of Economics Society, is his first book in English.

*The author's own book recommendations are Family Values: Between Neoliberalism and the New Social Conservatism by Melinda Cooper (Zone Books, 2017) and the Outline trilogy by Rachel Cusk (Faber & Faber, 2018-19).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Szymon Słupik: Entrepreneur and Bluetooth Mesh Evangelist Apr 26, 2021

Szymon Słupik regards himself as lucky. He tells us how he made enough money by the time he was 35 that he would never have to work again. We learn how growing up in communist Poland taught him to be enterprising, at ease with taking risks, and being open to opportunities, which he took time after time. He believes that the challenges of starting a business in 2021 are child’s play compared to how things used to be for those who experienced communism . His trenchant views on thinking long term, focussing on quality, and working with passion and focus on things that he believes in are ones from which we can all learn.

Szymon is an entrepreneur with a strong technology background in IT and Electronics. Szymon is a CTO at Silvair, the company he co-founded in 2011. Szymon is also chairing the Mesh Working Group at Bluetooth Special Interest Group. Silvair develops technology for low power wireless device networks based on the Bluetooth mesh standard. The company has been the key contributor to the standard itself, driving it since

inception in 2014 to formal adoption of version 1 in 2017, as well as the evolution of future releases. SIlvair is a Delaware company, publicly traded on the Warsaw Stock Exchange (WSE:SVRS). Szymon’s previous companies were CDN (acquired by Comarch in 2004) and Wind Mobile (acquired by Ailleron in 2009). At Silvair Szymon is focused on long term projects which aim at solving difficult problems, contribute to improved quality of life and deliver lasting value. He strongly believes Bluetooth mesh is the winning standard for the Internet of Things and will enable significant energy savings globally as well as proliferation of modern food production technologies such as vertical farms.

Since 2005 Szymon has been running a weekly blog at https://headworx.slupik.com He can also be reached on LinkedIn at https://linkedin.com/in/slupik. https://silvair.com/

The NBN Entrepreneurship and Leadership podcast aims to educate and inform, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

Follow our channels on Facebook Linkedin Twitter and watch the interview on Youtube here

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube. Watch this episode on Youtube here.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Mathew Sweezey, "The Context Marketing Revolution: How to Motivate Buyers in the Age of Infinite Media" (Harvard Business Press, 2020) Apr 22, 2021

Today I talked to Mathew Sweezy about his new book The Context Marketing Revolution: How to Motivate Buyers in the Age of Infinite Media(Harvard Business Review Press, 2020).

Mathew Sweezey is Principal of Marketing Insights for Salesforce. His work has appeared in leading publications such as AdAge, Forbes, Brand Quarterly, The Economist, and The Observer. He’s also the author of Marketing Automation for Dummies.

On June 24, 2009, we entered the era when private individuals became the largest producers of media in the world, eclipsing businesses and traditional media outlets. A perfect case-in-point is Tesla, which follows a market-sell-build-market (some more) model that engages customers with a greater purpose (weaning us off fossil fuels) and invites customers to co-create the cars they want. Tesla spends about $6 on advertising per car it sells, versus the nearly $1,000 that Mercedes-Benz spends per car sold. This episode explores the Tesla example, how Gen I members want to be “influencers” as their dream job, and what it means to have conversations with consumers rather than interrupt them with ads.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Joel Waldfogel, "Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture" (Princeton UP, 2020) Apr 21, 2021

Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences.

In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance.

In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result.

If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter.

Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.

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Rachel Z. Friedman, "Probable Justice: Rethinking the Politics of Risk" (U Chicago Press, 2020) Apr 20, 2021

The emergence of individual and commercial insurance in Early Modern Europe required an understanding of probability. In Probable Justice: Rethinking the Politics of Risk (U Chicago Press, 2020), Rachel Friedman highlights the political thinking that developed side by side with the advances in statistical methods. By the 20th century, small scale, group insurance had become national programs with profound political implications. Friedman's work traces how what she calls probabilistic social insurance played a key role in the emergence of the modern welfare state. And we discuss where we go from here, post-pandemic, when all insurances systems have been put to the test.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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Renato Beninatto: Translation Industry Veteran, Entrepreneur, Consultant Apr 19, 2021

Renato describes his accidental journey into entrepreneurship, the many mistakes and near disasters on his road to business success. We learn about the importance of being the guy who says “Yes”, and then figuring out how to to get things done. Anyone listening can learn from his journey, the importance of finding opportunities in setbacks, and being able to create the right impression.

About our guest

Renato Beninatto is recognized as an expert in the translation, localization, interpretation, and language services industry. Renato has served on the executive teams for some of the localization industry’s most prominent companies and founded two market research and consulting companies in the language services space. Renato is the author of three books on global business and founded Nimdzi to provide insights to investors, analysts, buyers and suppliers of Language Services.

Nimdzi’s website https://www.nimdzi.com

Renato’s Linkedin https://www.linkedin.com/in/renatob

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal stories of our carefully selected guests in the atmosphere of an informal conversation in a bar or over a cup of coffee.

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube. See this episode on Youtube here https://youtu.be/FwlNrcXoKd4

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Seth Stephens-Davidowitz, "Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are" (HarperCollins, 2017) Apr 15, 2021

Economist, data journalist, and best-selling author Seth Stephens-Davidowitz uses data from the internet to gain new insights into the human psyche. In his new book Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are (HarperCollins, 2017), Seth has used Google searches to measure racism, self-induced abortion, depression, child abuse, hateful mobs, the science of humor, sexual preference, anxiety, son preference, and sexual insecurity, among many other topics. In this interview he explains how web searches are a kind of digital truth serum that reveals our hidden desires, insecurities and biases. He also explores other ways economists have used the explosion of new data created by the digitization of the economy to shed new light on old questions.

Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he created and leads a new digital economy-focused Master's program in Applied Economics.

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Teri L. Caraway and Michele Ford, "Labor and Politics in Indonesia" (Cambridge UP, 2020) Apr 15, 2021

How did Indonesia’s labour movement go from being small and divided at the demise of the New Order regime in 1998 to play lead parts in politics some two decades later? What lessons have labour organizers learned along the way? And what lessons can we draw from Indonesia relevant to industrial organizing elsewhere? Informed by over a decade of multi-method research in selected sites across the west of the archipelago, Teri Caraway and Michele Ford address these and other questions in their Labor and Politics in Indonesia (Cambridge University Press, 2020), our featured title for this episode of New Books in Southeast Asian Studies. Tracking how labour unions found resources and identified opportunity structures by sequentially coupling contentious street politics with strategic targeting of executive offices and legislative contests, Caraway and Ford show that Indonesian unions and their allies have succeeded not only in greatly elevating wages and improving workplace conditions but also have built an identifiable working-class constituency. This constituency has given organized labour political clout far beyond what was or what seemed possible a couple of decades ago. And it has made for a more democratic Indonesia, one in which workers not only have participated in but at times taken the lead in local and national political struggles.

Like this interview? If so you might also be interested in:

Nick Cheesman is a Fellow in the Department of Political & Social Change, Australian National University. He co-hosts the New Books in Southeast Asian Studies channel and hosts the New Books in Interpretive Political & Social Science series on the New Books Network.

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Karen Petrou, "Engine of Inequality: The Fed and the Future of Wealth in America" (Wiley, 2021) Apr 13, 2021

Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book:

Presents practical ways America can and should tackle economic inequality with fast-acting results;
Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work;
Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness;
Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever;
Reveals the dangers of FinTech and BigTech companies taking over banking; Shows how Facebook wants to control even the dollars in your wallet; and
Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists.

Engine of Inequality: The Fed and the Future of Wealth in America (Wiley, 2021) should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation’s financial policy will be a force for promoting economic equality.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Pedro Gustavo Teixeira, "The Legal History of the European Banking Union: How European Law Led to the Supranational Integration of the Single Financial Market" (Hart, 2020) Apr 12, 2021

Today I talked to Pedro Gustavo Teixeira about his new book The Legal History of the European Banking Union: How European Law Led to the Supranational Integration of the Single Financial Market (Hart, 2020)

Since 1950, the political and economic integration of Europe has tended to accelerate through functional mini-unions: coal and steel, nuclear power, and – in the wake of the coronavirus pandemic - it could well be healthcare next. The most recent of these mini-federations is the European Banking Union; born out of necessity at the height of the sovereign-debt crisis in 2012-13 but, as this new history emphasises, built on foundations laid in the 1970s.

Within three years of its political green light, the EBU's core agencies - the Single Supervisory Mechanism (SSM) under the authority of the European Central Bank and the Single Resolution Mechanism - were in place yet, while huge changes have taken place, critical business has been left unfinished. "A regime geared towards ever more integration with distributive consequences, but without stabilisation capacity in the form of risk-sharing among member states and largely insulated from democratic politics will likely not be sustainable", writes Pedro Gustavo Teixeira.

Pedro Gustavo Teixeira is director-general of governance and operations of the Single Supervisory Mechanism of the European Central Bank, secretary of its Supervisory Board, and a lecturer at the institute for law and finance at the Goethe University in Frankfurt. (Any views expressed are personal and not necessarily those of the ECB).

*The author's own book recommendation is Dark Continent: Europe's Twentieth Century by Mark Mazower (Penguin, 1999 - latest edition 2018).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Mungo Keulemans: CEO and Entrepreneur Apr 12, 2021

Mungo Keulemans talks about growing up in South Africa, working in the family business, his army experiences, his move to Europe, Japan and back to Europe. We hear about his entrepreneurial journey in the family business in Poland, and after its sale to one of the world’s leading companies, his time in the larger corporation and his return to entrepreneurial life leading to his investment and CEO role at PMR.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

About our guest

Mungo Keulemans is the CEO of PMR - the leading market research provider, industry event organiser and dedicated market research consultancy for the Construction/Pharma/Retail/ICT markets in Poland and Central Europe. Previously an entrepreneur, Innovator, business development, product manager, marketing manager, sales manager, business development director. Strong knowledge of complete value chains for Automation and manufacturing processes in Automotive, FPD, EMS, F&B/CPG, Life Science, infrastructure. As an Industrial engineer built experience with advanced industrial automation, process design and project management/execution. Believer in corporate commitment to improving the environment, responsibility towards fostering ethical practices & development of human capital.

Useful links PMR Watch on Youtube here

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Adam Bryant and Kevin Sharer, "The CEO Test: Master the Challenges That Make or Break All Leaders" (Harvard Business Press, 2021) Apr 08, 2021

Today I talked to Adam Bryant about his new book (co-authored with Kevin Sharer), The CEO Test: Master the Challenges That Make or Break All Leaders(Harvard Business Press, 2021).

Adam Bryant is managing director of Merryck & Co, a leadership development and mentoring firm. Before then, Adam was a journalist for 30 years, including at the New York Times where he authored the “Corner Office” column. He’s a speaker, teacher, and frequent contributor on CNBC.

This episode is rooted in the seven parts of what a good CEO needs to master, from a simplified game plan that rank-and-file employees can follow to not trying to artificially resolve the various paradoxes intrinsic to being a leader, such as Creating Freedom and Structure and to Be Compassionate and Demanding. Along the way, the conversation delved into creating a company culture where there’s no daylight between what leaders say and do when it comes to values that define the organization. Also of note, why do so many leaders find it hard to coach the people around them to improve? And what are leaders missing that accounts for so many Mergers & Acquisitions not working out?

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Richard Pomfret, "The Road to Monetary Union" (Cambridge UP, 2021) Apr 07, 2021

“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”.

In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme.

While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process.

Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing.

*The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Juned Shaikh, "Outcaste Bombay: City Making and the Politics of the Poor" (U Washington Press, 2021) Apr 05, 2021

What is the history of caste in a city? Indian modernizers assumed that the various processes of modernity, including industrial capitalism, would attenuate caste and create the possibility of new social relationships, including class solidarity. Instead, capitalism relied on caste to recruit and discipline labor, and the colonial and postcolonial governments deployed it for housing, city planning, and provisions for social welfare. On its part, caste adapted to housing, urban planning, and even land tenures. Even the purported antitheses of capitalism — Marxism and Communism — could not annihilate caste. As a result, caste became robust even as it was shrouded beneath the veneer of modern urban life.

Outcaste Bombay (University of Washington Press, 2021) examines the interplay of caste and class in twentieth century Bombay. It studies processes that are transnational — capitalism, Marxism, urban planning, literature — and the ways in which they became relevant to life in the city. It focuses on urban outcastes — Dalits primarily, and also the urban poor – to trace their interaction with city-making and urban politics, their sense of self and community, and the cultural life they fashioned in Bombay.

This inter-disciplinary book draws on rare English and Marathi language sources — including novels, poems, and manifestoes — and contributes to debates in the fields of South Asian history, global Marxism, social anthropology, urban studies, labor studies, Dalit studies, and literature.

Juned Shaikh is Associate Professor of History at the University of California, Santa Cruz. His research interests include Modern South Asia, urban studies, labor studies, Dalit Studies, and global Marxism. His second book project will be on the life and times of Gangadhar Adhikari, a scientist who embraced communism, and became a prominent leader of the Communist Party of India. When he is not working, or spending time with his family, he enjoys cooking, gardening, hiking, and following cricket scores from around the world.

Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He is also coordinator of the Medical Humanities Working Group at NYU, and of the Postcolonial Anthropocene Research Network. He also co-hosts the podcast High Theory.

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Florian Faes: Entrepreneur and Managing Director Apr 05, 2021

In this episode Florian Feas describes his route into setting up Slator: to solve problems he became aware of, as a result of working in the translation industry in senior positions. He outlines the importance of having a co-founder with complementary skills and how SaaS business tools enabled him to scale his business fast and cost effectively We draw out lessons that any entrepreneur can benefit from hearing.

Florian Faes is the Managing Director of Slator, a business media and advisory firm for the global language industry he co-founded in 2015. Prior to Slator, Florian spent nearly a decade in Asia, heading regional operations for a Swiss headquartered language service provider. Florian is the co-host of the SlatorPod podcast and publisher of LocJobs.com, a job board for the translation and localization industry. Florian likes to spend time on Switzerland's slopes and mountain trails.

The NBN Entrepreneurship and Leadership podcast aims to educate and inform, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

About our guest

Florian Faes is the Managing Director of Slator, a business media and advisory firm for the global language industry he co-founded in 2015. Prior to Slator, Florian spent nearly a decade in Asia, heading regional operations for a Swiss headquartered language service provider. Florian is the co-host of the SlatorPod podcast and publisher of LocJobs.com, a job board for the translation and localization industry. Florian likes to spend time on Switzerland's slopes and mountain trails.

See this episode on Youtube here https://youtu.be/4AudyTHg6Zg

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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W. Quinn and J. D. Turner, "Boom and Bust: A Global History of Financial Bubbles" (Cambridge UP, 2020) Mar 30, 2021

Are we in the midst of a financial bubble? Do the current valuations of the electronic vehicle stocks or their SPACs make you raise an eyebrow? The trouble with bubbles is that they are hard to spot from within, and much easier to define and analyze after the fact. In their new book, Boom and Bust: A Global History of Financial Bubbles (Cambridge University Press, 2020), William Quinn and John D. Turner analyze past instances of extreme speculation to come up with a typology of the phenomenon. Using what they call the Bubble Triangle of Marketability, Easy Money, and overt Speculation, they have created a tool for financial economists, and the rest of us, to judge what makes a bubble and what makes it pop. Given the unusual nature of the capital markets at the present time, you will want to be familiar with their analysis as you view your own investments.

Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinvestor.com

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Zach Sell, "Trouble of the World: Slavery and Empire in the Age of Capital" (UNC Press, 2021) Mar 29, 2021

The middle decades of the 19th century witnessed the expansion of slavery and white settlement and dispossession of Indigenous lands west of the Mississippi River, the abolition of slavery in the British Empire followed by the importation of indentured laborers from India and China into the West Indies, the consolidation of British rule in India followed by the so-called Indian Mutiny, and the expansion of settler colonialism in Australia. These processes were all tied together by commerce, empire, and the spread of racial ideologies, yet their histories have largely been written separately. Until now.

Zach Sell’s new book Trouble of the World: Slavery and Empire in the Age of Capital(University of North Carolina Press, 2021) highlights the connections between the “second slavery” in the Deep South of the United States, efforts to socially engineer mono-crop agriculture in India by a British colonial state that lip service to laissez-faire and free labor even as it tried to import plantation management techniques from the US south, how the attempt to create plantation-style agriculture in Queensland, Australia bumped up against the logic of white settler colonialism and attempts to expand plantation agriculture in Belize in the age of so-called “free” labor using indentured labor from Asia. This is a story of racial formation on a global scale, and of the limits of capital’s ability to remake social relations and environments in its own image, despite the capacity for organized brutality that it had at its disposal. This book is particularly important at a time when many American, British and French commentators have tried to downplay the violence of expansion and colonialism and to portray white supremacy as some sort of American peculiarity and relic of the past.

Zach is currently Visiting Assistant Professor of History at Drexel University and was previously Ruth J. Simmons Postdoctoral Fellow and Visiting Assistant Professor of Slavery and Justice at Brown University’s Center for the Study of Slavery and Justice.

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Ashutosh Garg: Entrepreneur, Author and Podcaster Mar 29, 2021

In this episode we talk to Ashutosh about his upbringing and journey into corporate life, and the lessons that taught him. His route into entrepreneurship to build the “Boots of India”,which grew to be India’s largest retail pharmacy chain, and his life post-exit as an author and podcaster.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.

This episode can be viewed on Youtube here.

About our guest

Ashutosh hosts the very successful video and podcast series titled “The Brand Called You – Converse with the Future” (www.tbcy.in) bringing the stories of successful entrepreneurs, professionals and senior corporate leaders to thousands of listeners.

He is a certified Business Coach and coaches / mentors several CEOs in India on business matters, governance, strategic planning, succession planning, personal accountability, people and culture issues. (www.equationcoaching.com).

A published author of 6 best-selling books, he has written on Startups, Entrepreneurship, Retirement in the 21st Century, Personal Branding, Work Life Balance and Fiction. His latest book on personal branding is titled “The Brand Called You”.

He writes regularly for Times of India and can often be seen on National Television panel discussions on political affairs.

Ashutosh founded Guardian Pharmacy in India in 2003 and built it into India's second largest Pharmacy Chain. He exited from the business in 2016.

Prior to that he worked for ITC Limited for 17 years leaving in 1996 and thereafter with US Aerospace companies for 8 years as their Head of Asia.

Ashutosh served on the board of GAVI, The Vaccine Alliance (www.gavi.org) for 8 years. He sits on several boards and advises companies on strategy and governance matters. He was the Chairman of Bizdome, the Startup Incubator of IIM Rohtak till 2018.

He is a YPO member and was Chairman of YPO South Asia Gold (2017-19). He was recognised as a Global Leader for Tomorrow by the World Economic Forum in 1994.

His wife Vera is a Historian and teaches at the American Embassy School, New Delhi. His older son, Varun works for American Express in Singapore as their Director Marketing and his younger son Ashwin works for Procter and Gamble in Cincinnati as their Director Sales.

A keen golfer, he plays the Indian flute, enjoys reading and listening to Indian classical music

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Yuen Yuen Ang, "China's Gilded Age: The Paradox of Economic Boom and Vast Corruption" (Cambridge UP, 2020) Mar 29, 2021

How do we make sense of the “durability and gigantic scale” of China’s economic expansion alongside the reports of “rising” and “explosive” corruption? How has China moved from an “impoverished communist regime to a capitalist superpower rivaling the United States” despite a crisis of corruption that its own leadership describes as “gave” and “shocking”? Dr. Yuen Yuen Ang’s her new book China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption (Cambridge University Press, 2020) argues corruption comes in different forms and she “unbundles” different types of corruption to explain not only why China can boom but why political scientists need to “fundamentally revise our believes about the relationship between corruption and capitalism.” The book demystifies the Chinese paradox of growth with corruption by unbundling the four types of corruption and placing China in comparative-historical perspective. China is an outlier but not in the ways that most analysts assume. The closest parallel is the United States in the late 19th century, a gilded age characterized by both feverish growth and glaring inequality, conniving plutocrats and corrupt politicians. The book offers a four-part explanation for this paradox focused on the dominant type of corruption (access money which stimulates growth but generates distortions and risks), the relationship between the profit sharing model (where the rewards of leaders and bureaucrats are linked to economic performance) and access money, the role of capacity-building reforms in curtailing corruption involving theft and speed money, and the checking of predatory corruption by regional competition (spurring development and deal-making).

Dr. Yuen Yuen Ang is an associate professor of Political Science at the University of Michigan. She works at the intersection of business, governance, and innovation to better understand how governments and organizations respond to deep uncertainty and complex, novel problems and which institutions are able to adapt. She considers China’s Gilded Age to be a sequel to her award-winning book, How China Escaped the Poverty Trap (Cornell University Press, 2016) and you can hear her conversation with my NBN colleague here. Dr. Ang translates her ideas to wider audiences in Foreign Affairs, Project Syndicate, and the South China Morning Post.

Susan Liebell is an associate professor of political science at Saint Joseph’s University in Philadelphia. Why Diehard Originalists Aren’t Really Originalists recently appeared in the Washington Post’s Monkey Cage and “Retreat from the Rule of Law: Locke and the Perils of Stand Your Ground” was published in the Journal of Politics (July 2020). Email her comments at sliebell@sju.edu or tweet to @SusanLiebell.

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Chuck Collins, "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions" (Polity, 2021) Mar 26, 2021

For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defense Industry. These ‘agents of inequality’ are paid millions to hide trillions for the richest 0.01%. In The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions (Polity, 2021), inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how this industry is doing everything it can to create and entrench hereditary dynasties of wealth and power. He exposes the inner workings of these “agents of inequality”, showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world’s richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defense Industry for good. This shocking exposé of the insidious machinery of inequality is essential reading for anyone wanting the inside story of our age of plutocratic plunder and stashed cash.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Veronique Ozkaya: Chief Executive Officer at Argos Multilingual Mar 23, 2021

Veronique Ozkaya shares her teenage experience working in the family business, why she wanted to get away from her hometown, her brief career as a diplomat, and rapid rise to a leading position in the translation industry. Veronique shares her insights into gender diversity (or its absence) in the industry, and her approach to leadership.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal stories of our carefully selected guests in the atmosphere of an informal conversation in a bar or over a cup of coffee.

About our guest

Veronique is a seasoned international leader with experience building and strengthening the sales and marketing functions for organizations with high growth ambitions. Extensive experience in Localization – helping industry leaders grow market share in international markets with services such as translation, internationalization, software development, engineering, and testing. Fluent in French, English, Turkish, and functional in German. Your hosts, Kimon and Richard, together with Veronique, are all shareholders in Argos Multilingual, the company which Veronique leads.

Veronique on Linkedin

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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David G. White Jr., "Disrupting Corporate Culture" (Routledge, 2020) Mar 18, 2021

Today I talked to David G. White, Jr. about his book Disrupting Corporate Culture: How Cognitive Science Alters Accepted Beliefs About Culture and Culture Change and Its Impact on Leaders and Change Agents (Routledge, 2021).

David G. White, Jr. is a cognitive anthropologist working with organizations on culture, change, and leadership issues. He’s the co-founder of Ontos Global, a boutique consulting firm. David previously held leadership roles at Microsoft, Mercer, and IBM, and he is also a professional jazz musician with 7 CDs to his credit.

This episode challenges myths that hinder true culture change at companies, such as Culture Starts at the Top and Culture Is What We Say We Care About. Instead, David argues that new neural pathways form in the brain based on tangible, physical practices that change. So leaders spouting off about “shared values” (talking the talk) won’t be nearly as productive as investigating a company’s dominant logic and how that may serve or hinter the company’s prospects. In other words, David argues that culture is shaped by tasks and the basic operating assumptions that underlie them.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Tessa Clarke: Co Founder & CEO of Olio, a Company Dedicated to Cutting Food Waste Mar 16, 2021

Tessa explains why Olio’s mission of cutting unnecessary food waste is so important, and how her own distress at food waste led to the breakthrough insight that there had to be a better way of dealing with unwanted food. She shares her personal journey, and sets out the exciting road map ahead for Olio.

Tessa Clarke is the Co Founder & CEO of Olio Linkedin Olio is a free app that connects users with unwanted food (households or local businesses) with neighbours living nearby who would like it. OLIO has over 2.5 million users who have together shared 7 million portions of food. 50,000 volunteers who are spreading the word in their local communities.

Download the App and more information here https://olioex.com

Twitter https://twitter.com/olio_ex

Facebook https://www.facebook.com/olioapp/

Instagram https://www.instagram.com/olio.app/

Linked https://www.linkedin.com/company/olio-the-food-sharing-revolution

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal stories of our carefully selected guests in the atmosphere of an informal conversation in a bar or over a cup of coffee.

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here,

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Katie Hindmarch-Watson, "Serving a Wired World: London's Telecommunications Workers and the Making of an Information Capital" (U California Press, 2020) Mar 15, 2021

How did telecommunications shape Victorian London? In Serving a Wired World London's Telecommunications Workers and the Making of an Information Capital Katie Hindmarch-Watson, an Assistant Professor in history at Johns Hopkins University, tells the history of London through the lenses of technology, gender, class, and sexuality. The book offers a rethinking of liberal subjectivity and the city at the end of the nineteenth century, showing how the Victorian obsessions with privacy and respectability intersected with technology to create the urban and social fabric of London. The book also draws on queer history, demonstrating the importance of sex scandals in the Victorian and Edwardian eras for understanding urban, technology, and gender histories. A fascinating read, the book will be an essential text across the humanities and social sciences.

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Dying from Despair in the USA: A Discussion with Anne Case Mar 15, 2021

Life expectancy in the United States has recently fallen for three years in a row—a reversal not seen since 1918 or in any other wealthy nation in modern times. In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year—and they’re still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.

Deaths of Despair and the Future of Capitalism (Princeton University Press, 2020) paints a troubling portrait of the American dream in decline. For the white working class, today’s America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America.

This book charts a way forward, providing solutions that can rein in capitalism’s excesses and make it work for everyone.

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Edward A. David, "A Christian Approach to Corporate Religious Theory" (Palgrave MacMillan, 2020) Mar 12, 2021

How does individual religious liberty apply to religiously affiliated groups? Edward A. David investigates the polarized ways legal theorists seek to understand group ontology in A Christian Approach to Corporate Religious Theory (Palgrave MacMillan, 2020).

David surveys the merits and pitfalls of prevailing approaches from within and without the Christian tradition. Many legal theorists are deeply skeptical of corporate group ontology, especially as religious groups have sometimes tended to conflate churches proper with religiously affiliated organizations in ways that can set uncomfortable precedents.

This book offers a novel way forward that suggests a retrieval of Saint Thomas Aquinas's theory of coordinated group activity to provide a more salient moral framework to evaluate the liberties and limits of religious groups. You can follow Edward David's work on his website or on Twitter (@edwardinoxford)

Ryan David Shelton (@ryoldfashioned) is a social historian of British and American Protestantism and a PhD researcher at Queen’s University Belfast.

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M. A. Heller and J. Salzman, "Mine!: How the Hidden Rules of Ownership Control Our Lives" (Doubleday, 2021) Mar 10, 2021

Today I spoke with Michael Heller about the book he has just published with James Salzman. The title is Mine!: How the Hidden Rules of Ownership Control Our Lives (Doubleday, 2021)

Michael Heller at Columbia University is Professor of Real Estate Law. Before joining Columbia Law in 2002, you taught at the University of Michigan, NYU, UCLA, and Yale Law Schools. Prior to entering academia, you worked at the World Bank on post-socialist legal transition and you even served as a law clerk at the 9th Circuit Court of Appeals. James Salzman is the Donald Bren Distinguished Professor of Environmental Law with joint appointments at the UCLA and UC Santa Barbara. He was formerly at Duke University. His book, Drinking Water: A History, was reviewed and praised in the New York Times and Washington Post.

Ownership rules have been a key topic in economics and law since the establishment of the disciplines, with economics being much more junior than law. Recently Law and economics or economic analysis of law have become an important field.

Ownership rules are a key issue for Marx, John R. Commons, Oliver E. Williamson, Henry Hanssman. The authors themselves are very erudite academics that have chosen to write a book based on their research but very accessible to everyone in the style of Freakonomics.

The book is about 300 pages, 7 chapters and one epilogue. They reveal six simple stories everyone uses to claim everything. Owners choose the rule that steers us to do what they want. But we can pick a different rule. As Heller and Salzman show, ownership is always up for grabs.

Ownership is not simple, natural. It is intrinsically controversial and linked to inequality. We started our conversation with children arguing for the ownership of a toy at the playground and we ended talking about the tax and ownership regime in South Dakota.

“Mine” is one of the first words babies learn. By the time we grow up, the idea of ownership seems natural, whether we are buying a cup of coffee or a house. But who controls the space behind your airplane seat: you reclining or the squished laptop user behind you? Why does HBO look the other way when you illegally borrow a password to stream their shows? And after a snowstorm, why does a chair in the street hold your parking space in Chicago, but in New York you lose the space and the chair?

This is a very nice book that many will enjoy reading and is advertised by a very cool website with videos that allow you to meet the authors: https://www.minethebook.com/videos/

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JeVon McCormick: Entrepreneur, Author and Speaker Mar 08, 2021

JeVon McCormick was born the son of a black pimp father and a white orphan mother. Hear how, as a nine year old, he critiqued the way his father managed prostitutes, to his rejection of concepts such as “hope” and “luck”. When he was in juvenile detention neither of his parents knew where he was. His journey from toughest of upbringings to fame and fortune is unforgettable and inspiring. Kimon and Richard never spoke to an entrepreneur with a history like his. We are sure you will find it as compelling as we did.

The lessons that he shares from his journey about saving, adaptation, learning by doing, the power of asking questions, accountability, and responsibility can benefit entrepreneurs and leaders the world over. McCormick’s book I Got There: How a Mixed-Race Kid Overcame Racism, Poverty, and Abuse to Achieve the American Dream tells his story.

About our guest JeVon McCormick is the son of a black pimp and a white mother, and was raised in the most dreadful conditions, three times jailed before he was an adult. His book, I Got There, tells the harrowing story of his struggle to succeed despite the over whelming odds stacked against him Today, he’s the CEO of a multi-million dollar publishing company that was recently ranked the #1 Top Company Culture inAmerica by Entrepreneur Magazine. JeVon is the President and CEO of Scribe Media, a publishing company that helps individuals from a variety of backgrounds write, publish, and market their books. Scribe Media has worked with more than 1700 authors, including members of The Nobel Peace Prize Committee, Nassim Taleb and David Goggins, whose blockbuster book Can’t Hurt Me has sold over 2 million copies. JeVon is an author and highly sought after keynote speaker, delivering the message that “Everyone Has A Story” to enthusiastic audiences across the country. JeVon is passionate about conscious entrepreneurship and creating opportunities for at-risk youth. He has mentored young men and women in the juvenile justice system, as well as those in lower economic communities. JeVon currently serves as a board member for Conscious Capitalism and the StartEdUp Foundation. His story and work have been featured on CNBC, and in Entrepreneur, Forbes, and Inc. magazines.https://scribemedia.com/https:...

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee. Follow our channels on Facebook, Linkedin and Twitter.

View the episode on Youtube here. You can listen to the episode on the NBN here.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here.

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here.

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Gabriel Winant, "The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America" (Harvard UP, 2021) Mar 08, 2021

In his book The Next Shift: The Fall of Industry and the Rise of Healthcare in Rust Belt America (Harvard University Press, 2021), Gabriel Winant explains how the social reproductive labor sustaining the US's industrial economy was institutionalized in response to steelworker layoffs, aging, and sickness beginning in the 1960s. The result was a recomposition of the American working class, from a predominantly white male industrial one, to a meagerly paid and socially devalued pool of care workers comprised mostly of women, and especially women of color. Neoliberalism's insecure labor regime is not a reversion to an earlier period of inequality but a consequence of midcentury welfare policy, the partial security it offered and the race and gender hierarchies it remade.

Patrick Reilly studies history at Vanderbilt University

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Paul Vallely, "Philanthropy: From Aristotle to Zuckerberg" (Bloomsbury Continuum, 2020) Mar 08, 2021

In this magnum opus, Paul Vallely guides the reader on a journey through the history and meaning of giving in religion and society.

Vivid with anecdote and scholarly insight, this magisterial survey – from the ancient Greeks to today's high-tech geeks – provides an original take on the history of philanthropy. It shows how giving has, variously, been a matter of honor, altruism, religious injunction, political control, moral activism, enlightened self-interest, public good, personal fulfillment and plutocratic manipulation.

Its narrative moves from the Greek man of honor and Roman patron, via the Jewish prophet and Christian scholastic – through Puritan proto-capitalist, Enlightenment activist and Victorian moralist – to the robber-baron philanthropist, the welfare socialist, the celebrity activist and today's wealthy mega-giver. In the process it discovers that philanthropy lost an essential element as it entered the modern era. The book then embarks on a journey to determine where today's philanthropists come closest to recovering that missing dimension.

Philanthropy: From Aristotle to Zuckerberg (Bloomsbury Continuum, 2020) explores the successes and failures of philanthrocapitalism, examines its claims and contradictions, and asks tough questions of top philanthropists and leading thinkers – among them Richard Branson, Eliza Manningham-Buller, Jonathan Ruffer, David Sainsbury, John Studzinski, Bob Geldof, Naser Haghamed, Lenny Henry, Jonathan Sacks, Rowan Williams, Ngaire Woods, and the presidents of the Rockefeller and Soros foundations, Rajiv Shah and Patrick Gaspard. In extended conversations they explore the relationship between philanthropy and family, faith, society, art, politics, and the creation and distribution of wealth.

Highly engaging and meticulously researched, Paul Vallely's authoritative account of philanthropy then and now critiques the excessive utilitarianism of much modern philanthrocapitalism and points to how philanthropy can rediscover its soul.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at r.garfinkel@yahoo.com.

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Mark R. Rank, "Poorly Understood: What America Gets Wrong about Poverty" (Oxford UP, 2021) Mar 04, 2021

Few topics have as many myths, stereotypes, and misperceptions surrounding them as that of poverty in America. The poor have been badly misunderstood since the beginnings of the country, with the rhetoric only ratcheting up in recent times. Our current era of fake news, alternative facts, and media partisanship has led to a breeding ground for all types of myths and misinformation to gain traction and legitimacy.

Poorly Understood: What America Gets Wrong about Poverty (Oxford UP, 2021) is the first book to systematically address and confront many of the most widespread myths pertaining to poverty. Mark Robert Rank, Lawrence M. Eppard, and Heather E. Bullock powerfully demonstrate that the realities of poverty are much different than the myths; indeed in many ways they are more disturbing. The idealized image of American society is one of abundant opportunities, with hard work being rewarded by economic prosperity. But what if this picture is wrong? What if poverty is an experience that touches the majority of Americans? What if hard work does not necessarily lead to economic well-being? What if the reasons for poverty are largely beyond the control of individuals? And if all of the evidence necessary to disprove these myths has been readily available for years, why do they remain so stubbornly pervasive? These are much more disturbing realities to consider because they call into question the very core of America's identity.

Armed with the latest research, Poorly Understood not only challenges the myths of poverty and inequality, but it explains why these myths continue to exist, providing an innovative blueprint for how the nation can move forward to effectively alleviate American poverty.

Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire.

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Roland T. Rust and Ming-Hui Huang, "The Feeling Economy: How Artificial Intelligence Is Creating the Era of Empathy" (Palgrave MacMillan, 2021) Mar 04, 2021

Today I talked to Ming-Hui Huang about her book (coauthored with Roland T. Rust), The Feeling Economy: How Artificial Intelligence Is Creating the Era of Empathy (Palgrave MacMillan, 2021)

This episode covers the movement of the economy from brawn to brains to hearts. Put another way, the focus here is on the movement from the Physical Economy (farming, factories, etc.) to the Thinking Economy to now the dawning of the Feeling Economy. In the near-term future, artificial intelligence (AI) will handle the thinking tasks and humans on the job will focus on adding value through empathy and their interpersonal skills. The episode explores everything from workers re-skilling, cross-skilling and up-skilling to handle this change, to the impact of this change to being feeling-centric on our politics, educational practices, and the expectations of consumers. Of special note is that the new economic era may privilege female “soft” skills over the “hard” skills men are known by and often more comfortable with.

Ming-Hui Huang holds a number of posts. She’s a Distinguished Professor at National Taiwan University; a fellow of the European Marketing Academy (EMAC); an International Research Fellow of the Centre for Corporate Reputation, University of Oxford, UK; and a Distinguished Research Fellow of the Center for Excellence in Service, University of Maryland, USA. She is also the incoming Editor-in-Chief of the Journal of Service Research.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Tom Philpott, "Perilous Bounty: The Looming Collapse of American Farming and How We Can Prevent It" (Bloomsbury, 2020) Mar 04, 2021

Perilous Bounty: The Looming Collapse of American Farming and How We Can Prevent It (Bloomsbury Publishing, 2020) is an unsettling journey into the disaster-bound American food system, and an exploration of possible solutions, from leading food politics commentator and former farmer Tom Philpott.

More than a decade after Michael Pollan's game-changing The Omnivore's Dilemma transformed the conversation about what we eat, a combination of global diet trends and corporate interests have put American agriculture into a state of "quiet emergency," from dangerous drought in California--which grows more than 50 percent of the fruits and vegetables we eat--to catastrophic topsoil loss in the "breadbasket" heartland of the United States. Whether or not we take heed, these urgent crises of industrial agriculture will define our future.

In Perilous Bounty, veteran journalist and former farmer Tom Philpott explores and exposes the small handful of seed and pesticide corporations, investment funds, and magnates who benefit from the trends that imperil us, with on-the-ground dispatches featuring the scientists documenting the damage and the farmers and activists who are valiantly and inventively pushing back.

Resource scarcity looms on the horizon, but rather than pointing us toward an inevitable doomsday, Philpott shows how the entire wayward ship of American agriculture could be routed away from its path to disaster. He profiles the farmers and communities in the nation's two key growing regions developing resilient, soil-building, water-smart farming practices, and readying for the climate shocks that are already upon us; and he explains how we can help move these methods from the margins to the mainstream.

Jenny Splitter is an independent journalist covering food, farming, science, and climate.

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Alan Klima, "Ethnography #9" (Duke UP, 2019) Mar 03, 2021

Alan Klima’s Ethnography #9(Duke University Press, 2019) was co-written by a ghost. And that’s just the start of what’s going on in this eerie, singular book. It’s a discussion of finance in post-crash Thailand, a study of non-material histories, and an examination of the limits of anthropological writing. It’s also at once a complex and textured challenge to ethnographic realism and a compelling story about the life and death (and etc) of a young girl.

The book was a co-winner of 2020’s Gregory Bateson Prize and is available open access here. In today’s conversation, I do my best to ask Professor Klima about the status of ghosts in anthropology, tensions between narrative and theory, and how anthropologists can get weird with their writing. Alan Klima is Professor of Anthropology at UC Davis, his previous works include the book The Funeral Casino (Princeton University Press 2002) and the film Ghosts and Numbers (2010).

Lachlan Summers is an eccentric billionaire and PhD candidate in cultural anthropology at UC Santa Cruz, where he researches Mexico City’s repeating earthquakes. He is a Contributing Editor at Cultural Anthropology, a member of the Emergent Futures CoLab, and can be found on Twitter.

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Introduction to the Entrepreneurship and Leadership Podcast Mar 01, 2021

In this episode Kimon and Richard explain why they are launching the NBN Entrepreneurship and Leadership podcast, the topics they are going to delve into with their guests and what aspects of their guests’ entrepreneurial journeys they are most interested in. What has been the role of background and upbringing, social and family pressures, education (or lack of it), and their attitudes to competition and luck. Despite their common business history Kimon and Richard highlight differences in their experiences and how they believe their varying perspectives will lead to a solid exploration of what can be learned from the guests. If you want to get a sense of what this channel is all about, and why it should be interesting to listeners who are into entrepreneurship and leadership, this is a great place to start.

The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee. Follow our channels on Facebook, Linkedin and Twitter.

View the episode on Youtube here. You can listen to the episode on the NBN here.

About the NBN

The New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.

About Kimon Fountoukidis Twitter Linkedin

Kimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here.

About Richard Lucas Twitter Linkedin

Richard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here.

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A. Gandhi et al., "Rethinking Markets in Modern India: Embedded Exchange and Contested Jurisdiction" (Cambridge UP, 2020) Feb 26, 2021

Modern markets and exchange, compared with other social and political spheres, are seen through technical abstractions. This intellectual compartmentalization has political consequences: if capitalism operates through arcane, objective, and rational mechanics, the very real interests and very real consequences of exchange are disguised and simplified. In their empirically dense and theoretically bold edited volume, Ajay Gandhi, Barbara Harriss-White, Douglas Haynes, and Sebastian Schwecke gather historians and anthropologists to reflect on the dynamic, adaptive, and ambiguous realities of markets and exchange in India.

Rethinking Markets in Modern India: Embedded Exchange and Contested Jurisdiction(Cambridge University Press, 2020) provides a rich array of vivid case studies – from colonial property and advertising milieus to today’s bazaar and criminal economies – to examine the friction and interdependence between commerce, society, and state. Beyond providing a vantage point for rethinking global capitalism from one of the world’s major economies, the volume conceptualizes the moral, spatial, legal, and symbolic dynamics of markets in a way that is broadly relevant through the Global South.

Two of the volume’s editors, Ajay Gandhi, assistant professor at Leiden University, and Sebastian Schwecke, head of the Delhi office of the Max Weber Foundation, discuss the book’s theoretical ambitions and empirical range.

Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He is also coordinator of the Medical Humanities Working Group at NYU, and of the Postcolonial Anthropocene Research Network. He also co-hosts the podcast High Theory.

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L. Vinsel and A. L. Russell, "The Innovation Delusion: How Our Obsession with the New Has Disrupted the Work That Matters Most" (Currency, 2020) Feb 24, 2021

It’s hard to avoid innovation these days. Nearly every product gets marketed as being disruptive, whether it’s genuinely a new invention or just a new toothbrush. But in this manifesto on the state of American work, historians of technology Lee Vinsel and Andrew L. Russell argue that our way of thinking about and pursuing innovation has made us poorer, less safe, and—ironically—less innovative.

Drawing on years of original research and reporting, The Innovation Delusion: How Our Obsession with the New Has Disrupted the Work That Matters Most(Currency, 2020) shows how the ideology of change for its own sake has proved a disaster. Corporations have spent millions hiring chief innovation officers while their core businesses tank. Computer science programs have drilled their students on programming and design, even though the overwhelming majority of jobs are in IT and maintenance. In countless cities, suburban sprawl has left local governments with loads of deferred repairs that they can’t afford to fix.

For anyone concerned by the crumbling state of our roads and bridges or the direction our economy is headed, The Innovation Delusion is a deeply necessary reevaluation of a trend we can still disrupt.

Mathew Jordan is a university instructor, funk musician, and clear writing enthusiast. I study science and its history, in the hope that understanding the past can help us make sense of the present and build a better future.

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S. Carlsson and J. Leijonhufvud, "The Spotify Play: How CEO and Founder Daniel Ek Beat Apple, Google, and Amazon in the Race for Audio Dominance" (Diversion Books, 2021) Feb 18, 2021

Fifteen years ago in Stockholm, Daniel Ek and Martin Lorentzon had a big idea. The music industry was playing a desperate game of whack-a-mole with piracy via file sharing but this was proving as hopeless as the War on Drugs. Why not, they thought, use the new torrenting technologies to bring piracy in from the cold and make themselves rich in the process?

In 2006, they founded Spotify with a handful of engineers, no licences and no revenue. Today, Spotify is the world's most popular audio streaming subscription service with 345 million users and a market capitalization of $60 billion.

How did the shy computer nerd and hyperactive investor tame hostile music labels and withstand competition from US tech giants more than ten times their size? Still struggling to achieve sustained profitability in cut-throat market segments, will Ek’s latest foray into podcasting eventually free Spotify of its dependency on the music labels or suffer the same fate as Spotify TV?

The Spotify Play: How CEO and Founder Daniel Ek Beat Apple, Google, and Amazon in the Race for Audio Dominance(Diversion Books, 2021) is the new English-language update of Spotify Untold – their 2019 Swedish business biography – Sven Carlsson and Jonas Leijonhufvud put Europe’s only tech giant under the microscope using information gleaned from interviews more than 80 sources and a mountain of public and private documents. The book has been translated into 15 languages and will soon be turned into a Netflix Originals miniseries.

Sven Carlsson is a technology reporter at Swedish Radio and and Jonas Leijonhufvud a business journalist at Di Digital.

*The authors own book recommendations are Super Pumped: The Battle for Uber by Mike Isaac (W. W. Norton, 2019) and Say Nothing: A True Story Of Murder and Memory In Northern Ireland by Patrick Radden Keefe (William Collins, 2018).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Kenneth V. Faunce, "Heavy Traffic: The Global Drug Trade in Historical Perspective" (Oxford UP, 2020) Feb 17, 2021

Much of the world's politics revolve around questions about the development of the international market for drugs; the roles merchants, government officials, and drug manufacturers played in shaping this market over time and space; and the process of globalization. There are no easy answers to these questions, but the decisions that all of us make about them will have tremendous consequences for individuals and for the planet in the future.

Kenneth V. Faunce's new book Heavy Traffic: The Global Drug Trade in Historical Perspective(Oxford UP, 2020) helps students to understand globalization not as an inevitable or natural process, but instead as one that is created by and responds to a variety of human motivations. Examining the international trade in coffee, alcohol, opium, heroin, and cocaine, which have had a significant impact on economies and societies in countries around the world, it offers insight into globalization as a historical process, thereby helping to make sense of today's interconnected world, where products grown or produced in only a handful of places circulate widely, with varying impacts on local populations.

Lucas Richert is an associate professor in the School of Pharmacy at the University of Wisconsin, Madison. He studies intoxicating substances and the pharmaceutical industry. He also examines the history of mental health.

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Nicholas Jepson, "In China's Wake: How the Commodity Boom Transformed Development Strategies in the Global South" (Columbia UP, 2019) Feb 17, 2021

From 2002 to 2013, China’s rapid economic growth caused a boom in the prices of commodities—particularly of metals, fuel, and soybeans. According to political economist Dr. Nick Jepson, the commodity boom offered resource exporters in the Global South the financial resources and thus the opportunity to break away from international financial institutions like the International Monetary Fund and set their own policy agendas. But not all resource-exporting countries that benefited from the commodity boom took this path away from neoliberalism.

In his new book In China’s Wake: How the Commodity Boom Transformed Development Strategies in the Global South(Columbia University Press 2020), Jepson uses fieldwork, interviews, and qualitative comparative analysis (QCA) to identify and describe five typologies of resource exporters during the boom and the factors that contributed to differing development strategies and trajectories. China’s rise has had profound consequences on the processes of global capitalism, and this can be observed most clearly in the fortunes of commodity-exporting countries of the Global South. In China’s Wake explores fascinating case studies of countries in Asia, Latin America, and Africa to demonstrate the wide-ranging impact of China’s growth.

Laurie Dickmeyer is an Assistant Professor of History at Angelo State University, where she teaches courses in Asian and US history. Her research concerns nineteenth-century US-China relations. She can be reached at laurie.dickmeyer@angelo.edu and on Twitter @LDickmeyer.

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M. Haentjens and P. De Gioia-Carabellese, "European Banking and Financial Law" (Routledge, 2020) Feb 12, 2021

Even without the loss of the City of London from its jurisdiction, the EU has gone through a decade-long revolution in financial supervision and regulation since Lehman Brothers’ bankruptcy in 2008.

The directives and regulations introduced in the wake of the crisis took years to negotiate, implement and stress-test against political reality in the last five years. The second wave of the crisis, which exposed the “doom loop” between fiscally weak states and their pet banks, spawned the European Banking Union but left some crucial remedial work undone.

In this update of their 2015 edition of European Banking and Financial Law(Routledge, 2020), Matthias Haentjens and Pierre de Gioia Carabellese provide a comprehensive description and analysis of this growing body of new law, its origins, and policy implications.

Matthias Haentjens is professor of law, director of the Hazelhoff Centre for Financial Law at the University of Leiden, and a deputy judge in the district court of Amsterdam.

*His book recommendations are Stalingrad by Vasily Grossman (1952 – translated by Robert Chandler – Harvill Secker, 2019) and Made at Home by Giorgio Locatelli (Fourth Estate, 2017).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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M. Condon and A. Wichowsky, "The Economic Other: Inequality in the American Political Imagination" (U Chicago Press, 2020) Feb 11, 2021

Meghan Condon and Amber Wichowsky have written an incredibly timely and fascinating study of our understanding of income inequality in the United States, and how this understanding contributes to the policies that are pursued, or, to their point, may not be pursued by elected officials to solve some of these entrenched economic problems. The Economic Other centers on understanding how we, individually, see ourselves in cross-class comparisons and how this comparison—either looking “upwards” towards those who are wealthier than we are, or “downwards” towards those who are less economically affluent than we are—shapes our understanding of economic inequality, shapes our sense of political efficacy, and shapes our demands (or lack of demands) for policies to rectify this economic gulf. Condon and Wichowsky used a complex mixed method approach to the research, including conducting experiments and surveys for their research, asking respondents to consider themselves in these various economic comparisons, while also providing respondents with the opportunity to describe their own sense of their understanding of those who are seen as either wealthy or poor.

The analysis looks at the way that we understand our positions in society, especially economically, as relational, and therefore it is necessary to understand how this relational assessment contributes to how individuals comprehend the growing income divide in the United States. The research surfaced information that shows how social comparison thinking—our comparisons with others up and down the economic ladder—is animated by race and gender as well, connecting class politics with identity politics, noting that economic inequality or class inequality can’t be solved without attention to the racialized and gendered dimensions that are associated with income inequality. Condon and Wichowsky also explain that political rhetoric has played a role in how we understand our economic position and context, as have popular culture renderings, particularly in context of reality television programming about rich Americans. The Economic Other: Inequality in the American Political Imagination (U Chicago Press, 2020) is an important contribution to our understanding of how Americans understand ourselves, especially in regard to our own, personal economic status, and how this shapes our demands on politicians and policies to solve, or not solve, economic anxiety and precarity in the United States.

Lilly J. Goren is professor of political science at Carroll University in Waukesha, WI. She is co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), as well as co-editor of Mad Men and Politics: Nostalgia and the Remaking of Modern America (Bloomsbury Academic, 2015).

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Christy Thornton, "Revolution in Development: Mexico and the Governance of the Global Economy" (U California Press, 2021) Feb 11, 2021

Revolution in Development: Mexico and the Governance of the Global Economy (University of California Press, 2021) uncovers the surprising influence of post-revolutionary Mexico on the twentieth century's most important international economic institutions.

Drawing on extensive archival research in Mexico, the United States, and Great Britain, Christy Thornton meticulously traces how Mexican officials repeatedly rallied Third World leaders to campaign for representation in global organizations and redistribution through multilateral institutions.

By decentering the United States and Europe in the history of global economic governance, Revolution in Development shows how Mexican economists, diplomats, and politicians fought for more than five decades to reform the rules and institutions of the global capitalist economy. In so doing, the book demonstrates, Mexican officials shaped not only their own domestic economic prospects, they shaped the contours of the project of international development itself.

Rachel Grace Newman is Lecturer in the History of the Global South at Smith College. She has a Ph.D. in History from Columbia University, and she writes about elite migration, education, transnationalism, and youth in twentieth-century Mexico. She is on Twitter (@rachelgnew).

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N. Darshan-Leitner and S. M. Katz, "Harpoon: Inside the Covert War Against Terrorism's Money Masters" (Hachette, 2017) Feb 08, 2021

Covid-19 is the global threat that owns today’s headlines, but the threat of international and domestic terrorism is still very much with us. Specifically, the widespread upheaval, uncertainty and global anxiety occasioned by the COVID-19 pandemic has been seen by terror organizations as a golden opportunity to tie their messaging to information about the disease and intensify their propaganda for purposes of recruitment and incitement to violence. Whether it’s Boko Haram or ISIS, Hezbollah or Hamas, or the range of hate groups acting around the globe, terrorism continues to be a threat to decent people everywhere.

N. Darshan-Leitner and S. M. Katz's book Harpoon: Inside the Covert War Against Terrorism's Money Masters (Hachette, 2017) is a revelatory account of the cloak-and-dagger Israeli campaign to target the finances fueling terror organizations--an effort that became the blueprint for U.S. efforts to combat threats like ISIS and drug cartels. ISIS boasted $2.4 billion of revenue back in 2015, yet for too long the global war on terror overlooked financial warfare as an offensive strategy.

"Harpoon," the creation of Mossad legend Meir Dagan, directed spies, soldiers, and attorneys to disrupt and destroy money pipelines and financial institutions that paid for the bloodshed perpetrated by Hamas, Hezbollah, and other groups. Written by an attorney who worked with Harpoon and a bestselling journalist, Harpoon offers a gripping story of the Israeli-led effort, now joined by the Americans, to choke off the terrorists' oxygen supply, money, via unconventional warfare.

Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at VanLeerIdeas@gmail.com or tweet @embracingwisdom

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Manfred Steger and Ravi Roy, "Neoliberalism: a Very Short Introduction" (Oxford University Press, 2021) Feb 08, 2021

George Orwell once said that “the word ‘fascism’ has now no meaning except in so far as it signifies ‘something not desirable’”. The word ‘neoliberalism’ knows exactly how it feels.

How did a term coined by a group of anti-authoritarian German economists in the 1930s to label a philosophy that stressed the role of the state in ensuring efficient competition turn into more of an insult than a description 50 years later? Has the nationalist tide that swept through Washington, London, Rome, Brasília, and Budapest brought the neoliberal era to end or helped relaunch its “third wave”? What differentiates neo- from ordo- from classical liberalism?

In this second edition of Neoliberalism: A Very Short Introduction (Oxford University Press, 2021), Manfred Steger and Ravi Roy seek to answer these questions, and retell the history of an idea, its mutations and its future.

Manfred Steger is Professor of Sociology at the University of Hawaiʻi at Mānoa. Ravi Roy is Associate Professor of Political Science and W. Edwards Deming Fellow in Public Affairs at Southern Utah University.

*The authors’ book recommendations are Other People's Money: Masters of the Universe or Servants of the People? by John Kay (Profile Books, 2016) and Imperium by Robert Harris (Arrow, 2009).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Reducing Poverty through Digital Finance Schemes in Myanmar: A Discussion with Dr Russell Toth Feb 04, 2021

Financial inclusion has been one of the most prominent issues on the international development agenda in recent years, as access to payments, remittances, credit, savings and insurance services have been shown to improve economic resilience and livelihoods. While bank account access remains low in many developing countries, widespread access to mobile phones is providing a platform to push financial access even into remote areas. The Covid-19 pandemic has only reinforced the importance of digital finance, which provides a safe, socially-distanced means to transact, including for distribution of social assistance transfers. In this episode, Dr Russell Toth spoke to Dr Thushara Dibley about his work on digital finance schemes and how owning a mobile phone can help lift people out of poverty in Myanmar.

Russell Toth is a Senior Lecturer in the School of Economics at the University of Sydney. He is a development microeconomist, focusing on the development of the private sector in Southeast Asia and the Pacific, on topics such as financial systems, digitisation, agricultural value chains, and small and medium enterprises. His research often involves partnering with private and public sector organisations to evaluate programs intended to improve private sector development outcomes. He holds a Ph.D. in economics from Cornell University.

You can follow Russell on Twitter @russell_toth.

For more information or to browse additional resources, visit the Sydney Southeast Asia Centre’s website here.

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Joshua Mendelsohn, "The Cap: How Larry Fleisher and David Stern Built the Modern NBA" (U Nebraska Press, 2020) Feb 02, 2021

Today the salary cap is an NBA institution, something fans take for granted as part of the fabric of the league or an obstacle to their favorite team’s chances to win a championship. In the early 1980s, however, a salary cap was not only novel but nonexistent. The Cap: How Larry Fleisher and David Stern Built the Modern NBA(University of Nebraska Press, 2020) tells the fascinating, behind-the-scenes story of the deal between the NBA and the National Basketball Players Association that created the salary cap in 1983, the first in all of sports, against the backdrop of a looming players’ strike on one side and threatened economic collapse on the other.

Joshua Mendelsohn illustrates how the salary cap was more than just professional basketball’s economic foundation—it was a grand bargain, a compromise meant to end the chaos that had gripped the sport since the early 1960s. The NBA had spent decades in a vulnerable position financially and legally, unique in professional sports. It entered the 1980s badly battered, something no one knew better than a few legendary NBA figures: Larry Fleisher, general counsel and negotiator for the National Basketball Players Association; Larry O’Brien, the commissioner; and David Stern, who led negotiations for the NBA and would be named the commissioner a few months after the salary cap deal was reached.

As a result, in 1983 the NBA and its players made a novel settlement. The players gave up infinite pay increases, but they gained a guaranteed piece of the league’s revenue and free agency to play where they wished—a combination that did not exist before in professional sports but as a result became standard for the NBA, NFL, and NHL as well.

The Cap explores in detail not only the high-stakes negotiations in the early 1980s but all the twists and turns through the decades that led the parties to reach a salary cap compromise. It is a compelling story that involves notable players, colorful owners, visionary league and union officials, and a sport trying to solidify a bright future despite a turbulent past and present. This is a story missing from the landscape of basketball history.

Paul Knepper used to cover the Knicks for Bleacher Report. His first book, The Knicks of the Nineties: Ewing, Oakley, Starks and the Brawlers That Almost Won It All was published in September 2020. You can reach Paul at paulknepper@gmail.com and follow him on Twitter @paulieknep.

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Jeffrey D. Broxmeyer, "Electoral Capitalism: The Party System in New York's Gilded Age" (U Pennsylvania Press, 2020) Jan 28, 2021

Jeff Broxmeyer has written a fascinating and insightful book about the party system in New York during the Gilded Age, but this is really only the foundation of the analysis. Electoral Capitalism: The Party System in New York's Gilded Age(U Pennsylvania Press, 2020) unwraps the many layers that contribute to our understanding of the party system not only in New York during this period after the Civil War, but throughout much of American politics during this time. As Broxmeyer notes throughout the book, this concept of electoral capitalism organized the party system in Gilded Age New York—and helps us think about how struggles over unequal wealth, or wealth gaps, shape democracy in America and the evolution of the party system in the U.S.

Electoral Capitalism essentially examines these ideas from the top down and from the bottom up, spending the first half of the book examining the different political machines that became the power and wealth brokers in New York (William “Boss” Tweed and Tammany Hall, and Roscoe Conkling and the Stalwart machine), and the second half of the book exploring the “spoilsmen” and the individuals who were desperate for these very precarious positions that would possibly help them through a difficult economic situation or keep them from losing their homes. Broxmeyer focuses particular attention on the interweaving of wealth and power that came together in politics during this time, and that it is quite difficult, if not impossible, to disentangle wealth and power from each other and from politics during the Gilded Age. Electoral Capitalism braids together historical and cultural contexts to better understand American political parties and their development, the evolution of democracy in the United States, and the role of money and politics.

Lilly J. Goren is professor of political science at Carroll University in Waukesha, WI. She is co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), as well as co-editor of Mad Men and Politics: Nostalgia and the Remaking of Modern America (Bloomsbury Academic, 2015).

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Gary Hamel and Michele Zanini, "Humanocracy: Creating Organizations As Amazing As the People Inside Them" (HBR, 2020) Jan 28, 2021

Today I talked with Gary Hamel and Michele Zanini about their bookHumanocracy: Creating Organizations As Amazing As the People Inside Them (HBR, 2020). This episode attacks the way bureaucracies are “innovation-phobic” and “soul crushing.” How can motivation, productivity and innovation be radically enhanced? By dismantling traditional power structures within large companies, giving employees the opportunity to become “micropreneurs.” Tying compensation to contribution and enabling true empowerment are the ways to go.

Gary Hamel is on the faculty of the London Business School and has been hailed by the Wall Street Journal as the world’s most influential business thinker. Michele Zanini is, along with Hamel, the cofounder of the Management Lab. An alumnus of McKinsey & Company, Zanini has a degree from the John F. Kennedy School of Government at Harvard University.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Emma Griffin, "Bread Winner: An Intimate History of the Victorian Economy" (Yale UP, 2020) Jan 25, 2021

Emma Griffin's Bread Winner: An Intimate History of the Victorian Economy(Yale UP, 2020) offers a refreshingly different take on the age of national prosperity in Britain from the 19th to early 20th centuries. Drawing from a collection of autobiographical accounts from largely-working class families, Griffin captures the forgotten stories of ordinary families who struggled to manage financially amidst the growing prosperity of the Victorian era. Her book touches on a range of important social, economic and gender issues that are equally relevant today as they were in their time.

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R. A. Woldoff and R. C. Litchfield, "Digital Nomads: In Search of Freedom, Community, and Meaningful Work in the New Economy" (Oxford UP, 2021) Jan 21, 2021

In the space of a few weeks this spring, organizations around the world learned that many traditional, in-person jobs could, in fact, be performed remotely. Before the COVID-19 pandemic, however, some individuals were already utilizing new options for personal mobility and online work to strike out on their own.

In the new book, Digital Nomads: In Search of Freedom, Community, and Meaningful Work in the New Economy (Oxford UP, 2020), Rachael A. Woldoff and Robert C. Litchfield examine the growing demographic of individuals disaffected by the daily grind of office work who have left the U.S. and Europe to work remotely from low-cost global hubs around the world. These “digital nomads” seek out communities of like-minded unconventional people—what they call a tribe—in places like Indonesia, Thailand, Colombia, Mexico, or Portugal. Taking advantage of advancements in mobility, technology, and telecommunication, digital nomads are venturing around the world in search of a new way of living and working.

Through dozens of interviews and several stints living in a digital nomad hub in Bali, Indonesia, Woldoff and Litchfield show why digital nomads leave their conventional lives behind, arguing that the creative class and Millennial workers, though successful, often feel that “world class cities” and desirable jobs are anything but paradise. Digital Nomads follows these new workers through their transitions into freelancing, entrepreneurship, and remote work, and explains how digital nomads create fluid, intimate communities abroad.

Complete with a preface that addresses how COVID-19 is inevitably changing the landscape of work, Digital Nomads offers insight into the new ways people are balancing freedom, work, community, and creative fulfillment in the digital age.

Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch.

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Hilton L. Root, "Network Origins of the Global Economy: East vs. West in a Complex Systems Perspective" (Cambridge UP, 2020) Jan 18, 2021

Twenty-eight years after Francis Fukuyama declared the “end of history” and pronounced Western-style liberalism as the culmination of a Hegelian narrative of progress, pundits and academics of all stripes find themselves struggling to explain the failed prediction that China’s increased activity in international markets would inevitably lead to increasing political and social liberalization in that country.

With his ground-breaking book, Network Origins of the Global Economy: East vs. West in a Complex Systems Perspective, out from Cambridge University Press in 2020, Hilton L. Root takes a road less-traveled in contemporary economics and brings the analytical tools of systems theory to bear on this perplexing question, believing that a study of network structure might be able to shed more light than the traditional tools of economic analysis. This clearly argued and eminently readable book accounts for much of the current state of affairs by tracing the contrasting historical evolution of Europe as a Small World Network constituted by the dense connectivity of dynastic marriages between the continent’s royal houses, and China as a Hub and Spoke Network with communications flowing outward through the branches of its vast and robustly structured bureaucracy from a primary central node. Other networked social factors under consideration are the development of Europe’s blend of Germanic custom and Roman law, and China’s tradition of the ideal Confucian gentleman and its deep commitment to merit rather than birthright as the condition for ascending the ranks of administrative power structures. Emerging from this thoughtful and well-researched study is a compelling explanatory narrative of Europe’s ongoing capacity to adapt to rapid change and China’s pattern of long stretches of stability, sudden collapse, and subsequent resurrection of largely unchanged network structure. This adventurous scholarly work simultaneously opens new theoretical doors for economists and provides systems scholars with access to new dimensions of application.

Tom Scholte is a Professor of Directing and Acting in the Department of Theatre and Film at the University of British Columbia located on the unceded, ancestral, and traditional territory of the Musqueam people.

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C. Decker and E. McMahon, "The Idea of Development in Africa: A History" (Cambridge UP, 2020) Jan 13, 2021

The Idea of Development in Africa: A History (Cambridge UP, 2020) challenges prevailing international development discourses about the continent, by tracing the history of ideas, practices, and 'problems' of development used in Africa. In doing so, it offers an innovative approach to examining the history and culture of development through the lens of the development episteme, which has been foundational to the 'idea of Africa' in western discourses since the early 1800s. The study weaves together an historical narrative of how the idea of development emerged with an account of the policies and practices of development in colonial and postcolonial Africa. The book highlights four enduring themes in African development, including their present-day ramifications: domesticity, education, health, and industrialization. Offering a balance between historical overview and analysis of past and present case studies, Elisabeth McMahon and Corrie Decker demonstrate that Africans have always co-opted, challenged, and reformed the idea of development, even as the western-centric development episteme presumes a one-way flow of ideas and funding from the West to Africa.

Elisa Prosperetti is a Visiting Assistant Professor in African history at Mount Holyoke College. Her research focuses on the connected histories of education and development in postcolonial West Africa. Contact her at here.

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Virginia Torrie, "Reinventing Bankruptcy Law: A History of the Companies’ Creditors Arrangement Act" (U Toronto Press, 2020) Jan 11, 2021

Reinventing Bankruptcy Law: A History of the Companies’ Creditors Arrangement Act(University of Toronto Press, 2020) explodes conventional wisdom about the history of the Companies’ Creditors Arrangement Act and in its place offers the first historical account of Canada’s premier corporate restructuring statute. The book adopts a novel research approach that combines legal history, socio-legal theory, ideas from political science, and doctrinal legal analysis. Meticulously researched and multi-disciplinary, Reinventing Bankruptcy Law provides a comprehensive and concise history of CCAA law over the course of the twentieth century, framing developments within broader changes in Canadian institutions including federalism, judicial review, and statutory interpretation.

Examining the influence of private parties and commercial practices on lawmaking, Virginia Torrie argues that CCAA law was shaped by the commercial needs of powerful creditors to restructure corporate borrowers, providing a compelling thesis about the dynamics of legal change in the context of corporate restructuring. Torrie exposes the errors in recent case law to devastating effect and argues that courts and the legislature have switched roles – leading to the conclusion that contemporary CCAA courts function like a modern-day Court of Chancery. This book is essential reading for the Canadian insolvency community as well as those interested in Canadian institutions, legal history, and the dynamics of change.

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Weijian Shan, "Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank" (John Wiley, 2020) Jan 08, 2021

Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank (Wiley, 2020) by Weijian Shan’s, is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea’s largest bank by the American firm Newbridge Capital. Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea’s most beloved financial institutions. In a proud country still reeling from a humiliating International Monetary Fund bailout in the Asian Financial Crisis, Newbridge Capital had to muster every ounce of skill, determination, and patience to bring the deal to closing. Shan takes readers inside the battle to win control of the bank—a delicate, often exasperating process that meant balancing the goals of Newbridge with those of the government, bank employees, and Korea's powerful industrial titans. The author describes how Newbridge transformed and rebuilt the struggling bank into a shining example of modern banking—as well as a massively profitable investment. In the secret world of private equity, few buyouts have been written about with such clarity, detail, and insight—and none with such completeness, covering not only the dealmaking but also the transformation and eventual exit of the investment.

It is difficult to introduce the author, Weijian Shan, in a few words. He holds an MA and a PhD from the University of California, Berkeley, and an MBA from the University of San Francisco. He lives in Hong Kong; he is chairman and CEO of PAG, a private equity firm. Prior to PAG, he was a partner at TPG, a private equity firm based in San Francisco. He also worked at the World Bank in Washington and at JP Morgan. He led a number of landmark transactions, including the acquisitions of Korea First Bank and China's Shenzhen Development Bank, both of which made his investors billions of dollars in profits and were made into case studies by Harvard Business School. He also held teaching positions, first in China then at the Wharton School of the University of Pennsylvania, where he founded the China Economic Review. Shan is a frequent contributor to journals and newspapers such as The New York Times, Financial Times, and WSJ. Weijian Shan’s first book ‘Out of the Gobi: My Story of China and America’, was called ‘a deeply affecting memoir’ by the Wall Street Journal and one of The Financial Times’ 2019 top ten Best Books of the Year. It details Shan’s raw will to succeed, and survive, against all odds as a former hard laborer as a member of the Inner Mongolia Construction Army Corp, to become one of the more respected and successful financiers in the ‘new China. Out of the Gobi was published in 2019 by Wiley and became a bestseller.

In my interview with him, we spoke about the context of the Asian financial crisis and the international rescue efforts. We discussed how private equity can be a force for good ad create value. I asked what can we learn from the Asian financial crisis of 1998 that we can apply to our current global financial crisis. We also discussed the potential of Asia / West relations. This is in fact an important theme in his previous book too. In short, Money Games is a great book (more than what the title could let you guess) that a diverse readership will find interesting: economists, political scientists, businessmen, policymakers.

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Tara McIndoe-Calder, "Hyperinflation in Zimbabwe: Background, Impact, and Policy" (Palgrave, 2019) Jan 04, 2021

In the wake of the 2008-09 financial crisis, Adam Fergusson's When Money Dies: The Nightmare of the Weimar Hyperinflation became an unlikely publishing hit more than three decades after its release. Yet, even though few people knew the details of the 1923 crisis, stories and images from interbellum Germany are things of legend.

The same cannot be said of the many other hyperinflationary episodes in the past century and especially the two most severe: the first in postwar Hungary and the second just 13 years ago in Zimbabwe. Hyperinflation in Zimbabwe: Background, Impact, and Policy (Palgrave, 2019)investigates what drove a process that, at its peak, led to 80-billion-percent inflation and the death of the country’s money. Tara McIndoe Calder, who lived through the crisis and now works as an economist in Dublin, examines what happened in her homeland but also the wider meaning of hyperinflation, how to measure it accurately, its common causes and how to stop it.

Tara McIndoe Calder has been an economist at the Central Bank of Ireland since 2011 specialising in debt issues, after completing a PhD at Trinity College Dublin on money demand, aid shocks, and the impact of land reform in Zimbabwe.

*Her own book recommendations are Invisible Women by Caroline Criado Perez (Vintage, 2019), and both Half of a Yellow Sun and Americana by Chimamanda Ngozi Adichie (Fourth Estate, 2014)

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Dirk Ehnts, "Modern Monetary Theory and European Macroeconomics" (Routledge, 2016) Dec 31, 2020

With the coronavirus pandemic, Modern Monetary Theory met its moment. A sudden and massive loss of output globally was met with an unprecedented response by governments and central banks and at least some official regret about excessive fiscal austerity after the 2008-09 crisis.

Stephanie Kelton's The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy found a ready audience and remains in the New York Times Hardcover Nonfiction Best-Seller List six months after publication. Yet, one criticism of her book and of MMT generally is that its proponents, examples and policy proposals are overwhelmingly American and built on assumptions about having a sovereign and dominant global currency. Dirk Ehnts, a leading MMT proponent, seeks to address this criticism in Modern Monetary Theory and European Macroeconomics (Routledge, 2016). In 2020, he published an updated edition in German as Money and Credit: A European Perspective (Metropolis, 2020).

Dirk Ehnts earned his doctorate at the Carl von Ossietzky University in Oldenburg and has worked as an academic economist at the Berlin School of Economics and Law, the Free University Berlin, Bard College Berlin, the Technical University of Chemnitz and the University of Flensburg. In 2019, he organised the first European MMT conference and has scheduled the second for September 2021.

*His own book recommendation is Reclaiming the State by William Mitchell and Thomas Fazi (Pluto Press, 2017).

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Adam Fabry, "The Political Economy of Hungary: From State Capitalism to Authoritarian Neoliberalism" (Palgrave, 2019) Dec 28, 2020

Adam Fabry's book The Political Economy of Hungary: From State Capitalism to Authoritarian Neoliberalism(Palgrave, 2019) explores the political economy of Hungary from the mid-1970s to the present. Widely considered a 'poster boy' of neoliberal transformation in post-communist Eastern Europe until the mid-2000s, Hungary has in recent years developed into a model 'illiberal' regime. Constitutional checks-and-balances are non-functioning; the independent media, trade unions, and civil society groups are constantly attacked by the authorities; there is widespread intolerance against minorities and refugees; and the governing FIDESZ party, led by Prime Minister Viktor Orban, controls all public institutions and increasingly large parts of the country's economy. To make sense of the politico-economical roller coaster that Hungary has experienced in the last four decades, Fabry employs a Marxian political economy approach, emphasising competitive accumulation, class struggle (both between capital and labour, as well as different 'fractions of capital'), and uneven and combined development. The author analyses the neoliberal transformation of the Hungarian political economy and argues that the drift to authoritarianism under the Orb n regime cannot be explained as a case of Hungarian exceptionalism, but rather represents an outcome of the inherent contradictions of the variety of neoliberalism that emerged in Hungary after 1989.

Adam Fabry is a lecturer of Political Economy at the National University of Chilecito (UNdeC), Argentina. He received his PhD from Brunel University under the supervision of Gareth Dale. Adam’s research interests include: international political economy, uneven and combined development, neoliberalism, and the history and politics of the far-right, with a regional focus on Central Eastern Europe and Latin America. His work has been published in international journals, such as Capital & Class, Competition & Change, Historical Materialism. The Political Economy of Hungary: From State Capitalism to Authoritarian Neoliberalism(Palgrave, 2019) is his first monograph.

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Johanna Drucker, "Visualization and Interpretation: Humanistic Approaches to Display" (MIT Press, 2020) Dec 23, 2020

In the several decades since scholars in the humanities have taken up computational tools, they have borrowed many techniques from other fields, including visualization methods to create charts, graphs, diagrams, maps, and other graphic displays of information. But are these visualizations actually adequate for the interpretive approach that distinguishes much of the work in the humanities? Information visualization, as practiced today, lacks the interpretive frameworks required for humanities-oriented methodologies. In Visualization and Interpretation, Johanna Drucker continues her interrogation of visual epistemology in the digital humanities, reorienting the creation of digital tools within humanities contexts.

Johanna Drucker is Martin and Bernard Breslauer Professor in the Department of Information Studies at the Graduate School of Education and Information Studies at the University of California, Los Angeles.

Luca Scholz is Lecturer in Digital Humanities at the University of Manchester (UK). His research focuses on European and spatial history. He tweets at @DrLucaScholz.

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M. Chaiklin and P. Gooding, "Animal Trade Histories in the Indian Ocean World" (Palgrave MacMillan, 2020) Dec 17, 2020

Animal Trade Histories in the Indian Ocean World (Palgrave MacMillan, 2020), edited by Martha Chaiklin, Philip Gooding, and Gwyn Campbell, examines trades in animals and animal products in the history of the Indian Ocean World (IOW). An international array of established and emerging scholars investigate how the roles of equines, ungulates, sub-ungulates, mollusks, and avians expand our understandings of commerce, human societies, and world systems. Focusing primarily on the period 1500-1900, they explore how animals and their products shaped the relationships between populations in the IOW and Europeans arriving by maritime routes. By elucidating this fundamental yet under-explored aspect of encounters and exchanges in the IOW, these interdisciplinary essays further our understanding of the region, the environment, and the material, political and economic history of the world.

Tamara Fernando is a Ph.D. candidate at Cambridge University.

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Bann Seng Tan, "International Aid and Democracy Promotion: Liberalization at the Margins" (Routledge, 2020) Dec 14, 2020

In International Aid and Democracy Promotion: Liberalization at the Margins (Routledge, 2020), Political Scientist Bann Seng Tan investigates the link between foreign aid and the promotion of democracy, using theory, statistical tests, and illustrative case studies.

The book challenges the field of development to recognise that democracy promotion is unlike other development goals. With a goal like economic development, the interests of the recipient and the donor coincide; whereas, with democratisation, authoritarian recipients have strong reasons to oppose what donors seek. The different motivations of donors and recipients must be considered if democracy aid is to be effective. The author examines how donors exercise their leverage over aid recipients, and, more importantly, why, using selectorate theory to understand the incentives of both aid donors and recipients.

International Aid and Democracy Promotion will be of great interest to academics and students of development and democratisation, as well as policy makers with authority over foreign aid allocation.

Ashoka University generously funded Open Access for this book. This means students can get a digital copy of the book for free.

Medha Prasanna is an MA candidate at the Elliott School of International Affairs, George Washington University. Her current research focuses on International Organizations and Human Rights Law. You can learn more about her here or email her medp16@gwu.edu

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Paul Donovan, "Profit and Prejudice: The Luddites of the Fourth Industrial Revolution" (Routledge, 2020) Dec 08, 2020

Paul Donovan's Profit and Prejudice: The Luddites of the Fourth Industrial Revolution (Routledge, 2020) is a great example of what Robert Shiller has championed as narrative economics--pointing out the power and real-world economic import of stories, of narratives. In this case, Donovan highlights the cost of prejudice and how it will become even more expensive as we enter the fourth industrial revolution, a period in which human capital will be critically important to the success of any endeavor. Prejudice is bad for business and the economy, he concludes. Donovan argues for "Fighting Back"--the title of a chapter--to confront the economic cost of prejudice, but it will be an uphill battle.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors.

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Hans-Werner Sinn, "The Economics of Target Balances" (Palgrave Macmillan, 2020) Dec 08, 2020

Every day, TARGET - Europe's cross-border payments system - processes transactions worth €2.5 trillion. Under its decentralised model, TARGET generates balances between the national central banks.

These were tiny at its creation but today – after a decade spanning the financial crisis, the sovereign-debt crisis and now the pandemic recession – Germany’s TARGET balance exceeds €1 trillion.

In his The Economics of Target Balances: From Lehman to Corona (Palgrave Macmillan), Hans-Werner Sinn says these balances are a “fever thermometer” for the health of the financial system. The system as it is designed, he argues, is unsustainable.

Hans-Werner Sinn is Emeritus Professor of Economics and Public Finance at the University of Munich and was president of the Ifo Institute for Economic Research from 1999 until 2016.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Nicolas Petit, "Big Tech and the Digital Economy: The Moligopoly Scenario" (Oxford UP, 2020) Dec 07, 2020

Consumers may love their products and services but, among politicians and activists, the big-technology companies are fast developing a reputation as the Robber Barons of the 21st century.

Google recently joined Apple, Amazon and Microsoft as a so-called “tera-cap” – companies valued at more than a trillion dollars. Add Facebook and the five tech giants alone account for a quarter of the S&P500. How have they managed this in such a short timeframe? Their critics claim that Mark Zuckerberg, Jeff Bezos, Sundar Pichai, Satya Nadella and Tim Cook are just digital versions of Henry Ford, Andrew Carnegie, Andrew Mellon, Cornelius Vanderbilt, and John D. Rockefeller – monopolists who control entry nto their markets.

Not so simple, claims Nicolas Petit in Big Tech and the Digital Economy: The Moligopoly Scenario (Oxford University Press, 2020). Concerns about privacy or the dissemination of “fake news” are valid but “looking at these predicaments through monopoly lenses is like using Facebook to get your news. It seems to do the job. But it might well be fake”.

“The picture of big tech firms as monopolists is intuitively attractive but analytically wrong,” he writes. “A better picture is one of big tech firms as moligopolists, that is firms that coexist as monopolists and oligopolists”.

Nicolas Petit is the Joint Chair in Competition Law at the European University Institute and the Robert Schuman Center for Advanced Studies in Florence.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Rosemary-Claire Collard, "Animal Traffic: Lively Capital in the Global Exotic Pet Trade" (Duke UP, 2020) Nov 27, 2020

Parrots and snakes, wild cats and monkeys---exotic pets can now be found everywhere from skyscraper apartments and fenced suburban backyards to roadside petting zoos. In Animal Traffic: Lively Capital in the Global Exotic Pet Trade (Duke UP, 2020) Rosemary-Claire Collard investigates the multibillion-dollar global exotic pet trade and the largely hidden processes through which exotic pets are produced and traded as lively capital. Tracking the capture of animals in biosphere reserves in Mexico, Guatemala, and Belize; their exchange at exotic animal auctions in the United States; and the attempted rehabilitation of former exotic pets at a wildlife center in Guatemala, Collard shows how exotic pets are fetishized both as commodities and as objects. Their capture and sale sever their ties to complex socio-ecological networks in ways that make them appear as if they do not have lives of their own. Collard demonstrates that the enclosure of animals in the exotic pet trade is part of a bioeconomic trend in which life is increasingly commodified and objectified under capitalism. Ultimately, she calls for a “wild life” politics in which animals are no longer enclosed, retain their autonomy, and can live for the sake of themselves.

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Amy Bucher, "Engaged: Designing for Behavior Change" (Rosenfeld Media, 2020) Nov 27, 2020

In her new book Engaged: Designing for Behavior Change (Rosenfeld Media, 2020), Amy Bucher analyzes both the barriers and levers to achieving behavioral change. Among the barriers are cognitive biases, like a Status Quo Bias, as well as growing both emotionally and mentally exhausted by changes that require too much willpower on behalf of the user. Opportunities to promote change include having accountability buddies to help guide you, and avatars that have proven highly effective in providing information in a trust-building, nonjudgmental manner.

Amy Bucher, PhD, works in Behavior Change Design at Mad*Pow and previously worked at CVS Health and Johnson & Johnson. She received her A.B. from Harvard University and her M.A. and PhD in organizational psychology from the University of Michigan.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Xiaowei Wang, "Blockchain Chicken Farm: And Other Stories of Tech in China's Countryside" (FSG Originals, 2020) Nov 25, 2020

Most of our discussions about how “technology will change the world” focus on the global cities that drive the world economy. Even when we talk about China, we focus on its major cities: Beijing, Shanghai and Shenzhen.

Xiaowei Wang corrects this metronormativity in their recent book Blockchain Chicken Farm: And Other Stories of Tech in China's Countryside (FSG Originals: 2020), which explores how rural China is not just adapting the technology used around the world, but innovating on it.

In this interview, we talk about the frontiers of technology that are being charted in rural China, and why China’s countryside may be the best place to understand how technology, capitalism and society will intersect in the coming years — often in not altogether positive ways. We also talk about some of the more recent developments in how Chinese technology is treated in the United States, with reference to their recent articles: "WeChat Has Both Connected Families and Torn Them Apart" in Slate and "How the Theatrics of Banning TikTok Enables Repression at Home" in The Nation.

Xiaowei Wang is the creative director at Logic Magazine, whose work encompasses community-based and public art projects, data visualization, technology, ecology, and education. Their projects have been featured in The New York Times, the BBC, CNN, VICE, and elsewhere. You can follow them on Twitter at @xrw.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Blockchain Chicken Farm. Follow on Facebook or on Twitter at @BookReviewsAsia.

Nicholas Gordon is a reviewer for the Asian Review of Books. In his day job, he’s a researcher and writer for a think tank in economic and sustainable development. He is also a print and broadcast commentator on local and regional politics. He can be found on Twitter at @nickrigordon.

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Thomas Wedell-Wedellsborg, "What's Your Problem?: To Solve Your Toughest Problems, Change the Problems You Solve" (HBR Press, 2020) Nov 19, 2020

Stop Solving the Wrong Problem!

In this episode we discuss Thomas Wedell-Wedellsborg's book What's Your Problem?: To Solve Your Toughest Problems, Change the Problems You Solve (HBR Press, 2020) and focus on hisRapid Reframing Method for solving in particular people-related problems. Specific topics include: how emotions can either facilitate or hinder the challenging of established mental models, how reframing fits the top 3 skills of importance for the future economy, and why “vagueness” is the enemy of change.

Wedell-Wedellsborg is a globally recognized expert on innovation and problem solving whose clients have included The United Nations. His research has been widely featured in the media and he’s been named a “Top 20 International Thinker” by HR Magazine.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Graciela Chichilnisky, "Reversing Climate Change: How Carbon Removals Can Resolve Climate Change and Fix the Economy" (World Scientific, 2020) Nov 17, 2020

Dr. Graciela Chichilnisky’s new book Reversing Climate Change: How Carbon Removals Can Resolve Climate Change and Fix the Economy is perhaps the single best thing I have read about climate in recent years. Published by World Scientific Press, the book lays out the history of how we came to be in the emergency we are in now, what we have tried before, and how we can get out. During her long academic career, Dr. Chichilnisky has written a myriad of book on climate, pioneered the concept of “basic needs,” and was the author of the carbon market for the Kyoto Protocol. She brings an insider’s perspective on how we as a global community can avoid the worst-case scenarios with respect to climate change.

The book puts the conclusion in the title, we need negative emissions. However, far from simply lecturing her audience on what someone else should do, Dr. Chichilnisky has helped to invest a technology and start a company that are actively working on increasing negative emissions capacity. All of this is contained in her book which is informative, optimistic, accessible to an average reader, and of the highest quality. I cannot recommend enough that people listen to what she has to say in this interview and consider buying her book.

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Joshua Gans, "The Pandemic Information Gap and the Brutal Economics of Covid-19" (MIT Press, 2020) Nov 17, 2020

As the COVID-19 pandemic took hold in March, a self-isolating and easily distracted economist resolved to take himself in hand. "I decided I would do what I was good at: I would write a book" about the complex interplay between epidemiology and economics and the policy dilemmas it poses.

By June, Joshua Gans had published Economics in the Age of COVID-19 and, within days, he had started work on the expanded version - The Pandemic Information Gap: The Brutal Economics of COVID-19 (MIT Press, 2020) - to come out in the autumn. Its central thesis is that "at their heart, pandemics are an information problem. Solve the information problem and you can defeat the virus”.

Joshua Gans is Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Robert Vitalis, "Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy" (Stanford UP, 2020) Nov 10, 2020

We've heard and rehearsed the conventional wisdom about oil: that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia.

That common sense is wrong. The author of America's Kingdom: Mythmaking on the Saudi Oil Frontier (Stanford University Press, 2007),Robert Vitalis returns to disenchant us once again—this time from "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Contrary to the deeply-held beliefs of hawkish foreign policy experts and career academics alike, oil is a commodity like any other: bought, sold, and subject to market forces. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Nevertheless, persistent fears of oil scarcity and conflict continue to breed real consequences. Robert Vitalis, Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy(Stanford UP, 2020) presses us to reconsider, among many things, the U.S.-Saudi special relationship, which confuses and traps many into unnecessarily accepting what we imagine is a devil's bargain. Along the way, Vitalis resurrects a forgotten school of critics of empire—a reprisal of his task in White World Order, Black Power Politics: The Birth of American International Relations (Cornell University Press, 2017).

Freeing ourselves from the spell of oilcraft won't be easy. But the benefits of doing so, and the drawbacks of not, make it essential.

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Lisa Adkins, et al., "The Asset Economy" (Polity, 2020) Nov 09, 2020

“The key element shaping inequality is no longer the employment relationship but rather whether one is able to buy assets that appreciate at a faster rate than both inflation and wages”.

So argue Lisa Adkins, Martijn Konings and Melinda Cooper in The Asset Economy (Polity Press, 2020), extending the argument in Thomas Piketty’s 2014 best-seller Capital in the Twenty-First Century.

Inheritance, they claim, is no longer a 19th-century-style transmission of property titles after death but a “strategically timed transfer of funds that need to be leveraged and put to work in the speculative logic of the asset economy”. In the Anglo-Saxon economies at least, households are no longer just a unit of subsistence or consumption but a dynamic Minskyan balance-sheet manager.

Lisa Adkins is Head of the School of Social and Political Sciences and Martijn Konings is Professor of Political Economy and Social Theory at the University of Sydney.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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K. Yazdani and D. M. Menon, "Capitalisms: Towards a Global History" (Oxford UP, 2020) Nov 06, 2020

Capitalisms: Towards a Global History (Oxford University Press, 2020), edited by Kaveh Yazdani and Dilip M. Menon, aims to decenter work on the history of capitalism by looking at the longue durée from the tenth century; at regions as diverse as Song China, South and South East Asia, Latin America and the Ottoman and Safavid Empires; and exploring the plurality of developments over this extended time and space. The authors argue against conventional accounts that locate the origins of capitalism solely within Europe and within the conjuncture of the industrial revolution. The essays emphasize historical conjunctures, flows of commodities, circulation of knowledge and personnel, the role of mercantile capital and small producers and stress throughout the necessity to think beyond present day national boundaries. The volume contends with clichés of Western exceptionalism to make a set of historical arguments about non-Western and interconnected economic developments across the globe, prior to the era of colonialism. It argues fundamentally that the multiple histories of capitalism can be better understood from a truly global perspective.

Dr Kaveh Yazdani is Lecturer (akademischer Rat) in economic history, University of Bielefeld. He teaches economic history at the University of Bielefeld, Germany. His scholarly interests include the 'Great Divergence' debate and the history of South and West Asia between the 17th and 20th centuries. He is the author of India, Modernity and the Great Divergence: Mysore and Gujarat (2017).

Professor Dilip M. Menon is Mellon Chair of Indian Studies, Director of the Centre for Indian Studies in Africa, University of Witwatersrand, South Africa. He is the author of Caste, Nationalism and Communism in South India: Malabar, 1900-1948 (1994).

Alexandra Ortolja-Baird is Lecturer in Early Modern European History at King’s College London. She tweets at @TimeTravelAllie.

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Jamie Merisotis, "Human Work in the Age of Smart Machines" (RosettaBooks, 2020) Nov 05, 2020

Are robots going to be our overlords? In Human Work in the Age of Smart Machines (RosettaBooks, 2020), Jamie Merisotis says they don't have to be. We can make them our friends.

Jamie Merisotis is a globally recognized leader in philanthropy, education, and public policy. Since 2008, he’s served as president and CEO of Lumina Foundation, an independent, private foundation committed to making opportunities for learning beyond high school available to all. Jamie previously served as co-founder and president of the nonpartisan, D.C.-based Institute for Higher Education Policy.

This episode covers the need to link ongoing learning and work in a virtuous cycle that provides workers with both meaning and stability. It addresses the challenges of the 4th Industrial Revolution and how in the new people-centered economy it’s important to develop those flexible skills and capabilities that will enable workers to distinguish themselves from what automation and artificial intelligence is capable of.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

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Ewald Nowotny, "Money and Life" (Braumüller Verlag, 2020) Nov 05, 2020

In September 2008, Ewald Nowotny joined the governing council of the European Central Bank. Just two weeks later, Lehman Brothers filed the largest bankruptcy in US history - so triggering a global financial crisis and recession. In September 2019, he retired just before the coronavirus pandemic struck.

This book charts the political and literary development of a young Social Democrat economist in postwar Vienna, his education in Austria and the US, and his experience in banking in the pre-Lehman stage of the crisis.

For "ECB-watchers", Geld und Leben (Braumüller Verlag, 2020) provides a fascinating insight into the contrasting presidencies of Jean-Claude Trichet and Mario Draghi, into how council meetings are conducted, and the ruses used by members to influence the markets.

Now a self-styled "independent economist", Ewald Nowotny was a professor of economics at Vienna and Linz universities, a member of Austria's parliament, a vice-president of the European Investment Bank, and governor of the Austrian National Bank.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Andrew Liu, "Tea War: A History of Capitalism in China and India" (Yale UP, 2020) Nov 04, 2020

After water, tea is the most widely consumed drink in the world. It is beloved by consumers in Asia, Africa, Europe, and the Americas, and it comes in a bewildering array of varieties: from the cheap sachet of finely ground English black tea to fermented bricks of pu’er from Yunnan province. This beverage also has a fascinating place in the global history of science and capitalism. At the turn of the first millennium, it was prized as a medical concoction in southwestern China, and it became a ubiquitous beverage throughout the Chinese empire during the Tang Dynasty, when its spread coincided with the rising popularity of Buddhism. By the fifteenth century, the preparation of modern loose-leaf tea began to emerge, while the seventeenth century witnessed its ascent as major export commodity for the early Qing Empire, becoming enmeshed in a global circuit of bullion, commodities, and people. Then, during the 19th century, tea became absolute staple in Europe, especially among industrial workers in England, who sweetened the drink with cane sugar imported from the Caribbean. Anxious to stop hemorrhaging bullion to China and eager to assert its imperial self-sufficiency, the British empire fought two Opium Wars that severely weakened the Qing. Around the same time, English capitalists also began to export Chinese workers and knowledge to newly acquired colonial possessions in the Assam region of what is now Northeastern India. It was this aggressive push to begin cultivating tea as a British export commodity in South Asia that gave rise to the global competition between British India and China referenced in the title of Andrew B. Liu’s book: Tea War: A History of Capitalism in China and India (Yale University Press, 2020).

Liu’s book offers a fascinating new history of this ubiquitous beverage, leveraging its production, consumption, and global circulation to offer a fresh and compelling account of capitalist accumulation. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia. He shows how competitive pressures compelled Chinese merchants to adopt abstract industrial conceptions of time, while colonial planters in India pushed for labor indenture laws to support factory-style plantations. Together, these stories point toward a more flexible and globally oriented conceptualization of the history of capitalism, one that explicitly highlights global competition and coerced labor as a driving force in economic development.

This interview was conducted by Lukas Rieppel, a historian of science and capitalism at Brown University. You can learn more about his research here, or find him on twitter here.

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J. A. Delton, "The Industrialists: How the National Association of Manufacturers Shaped American Capitalism" (Princeton UP, 2020) Nov 02, 2020

Historians often portray the National Association of Manufacturers (NAM) as a conservative force in debates over free enterprise, battles against unions and government regulation, and the rise of capitalism in the United States. In The Industrialists: How the National Association of Manufacturers Shaped American Capitalism(Princeton UP, 2020), Jennifer Delton (Professor of History at Skidmore College) provides a comprehensive and nuanced political history. Delton focuses on the conservative policy goals of the organization but also its surprisingly progressive tactics and internal conflicts such as welcoming women and workers with disabilities, supporting the UN, embracing aspects of cosmopolitanism, and supporting the ERA, Civil Rights Act, and aspects of affirmative action. Delton deftly identifies the wider economic, ideological, and institutional concerns that drove NAM actors. As the book interrogates how the National Association of Manufacturing did – and did not – work, NAM emerges as a capitalist modernizer. She examines 125 years of massive change in American economic policy with the NAM at its center in order to interrogate manufacturing’s role in the development of capitalism at home and abroad – with implications for how we understand neoliberalism – especially liberal internationalist tendencies. Delton argues that liberal internationalism (associated often with Woodrow Wilson) can be seen as a crucial step toward the international institutions favored by post World War II European neoliberals.

The book is divided into three parts. Part one traces the ascent and reorganization of industrial manufacturing from the 1890s to 1940. Part two highlights manufacturing’s dominance in US society and the world (1941-1980) as the US lowered tariffs and pursued free trade. The share of GDP peaked in 1953 when manufacturing represented 25.8% of domestic production. Part three treats the decline in manufacturing (beginning in 1960) and emphasizes deindustrialization, globalization, and the disintegration of the large multidivisional corporations in the 1990s.

The book investigates how the globalizing impulse of neoliberalism played out historically in 20th century US politics – more specifically, how liberal internationalist ideas that were promoted by Democrats and antithetical to traditional political conservativism came to be espoused by the Republican party. Delton writes that “this is especially relevant now, as the current head of the Republican party [President Donald Trump, Republican] seems to be undoing the work of neoliberalism and liberal internationalists alike.” NAM’s history helps explain the bipartisan support for economic internationalism, freer trade, and what would later be called neoliberalism, even before the Cold War and Reagan, and even as voters (and Congress) remain extremely divided about these issues. The story of the NAM is full of contradictions, but The Industrialists deftly tracks them all, contextualizing the impacts on the national and global economy.

In the podcast, Dr. Delton describes how the NAM archive was shaped by professional staff members – particularly one woman – whose views departed from NAM leaders. The referenced article, “Who Tells Your Story: Contested History at the NAM” is here.

Benjamin Warren assisted with this podcast.

Susan Liebell is associate professor of political science at Saint Joseph’s University in Philadelphia. She is the author of Democracy, Intelligent Design, and Evolution: Science for Citizenship (Routledge, 2013) and, most recently, “Retreat from the Rule of Law: Locke and the Perils of Stand Your Ground” in the Journal of Politics (July 2020). Email her comments at sliebell@sju.edu or tweet to @SusanLiebell.

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Michael Stamm, "Dead Tree Media: Manufacturing the Newspaper in Twentieth-Century North America" (Johns Hopkins UP, 2018) Oct 29, 2020

Michael Stamm’s book Dead Tree Media: Manufacturing the Newspaper in Twentieth-Century North America (Johns Hopkins UP, 2018) begins with the simple but thought-provoking premise that, not too long ago, newspapers were almost exclusively physical objects made out of paper. This meant that producing a newspaper implied industrial production, mills, and a distribution system that could deliver daily-produced issues to individual consumers. But most of all, it meant trees. Lots and lots of trees. Newspapers acquired timber lands, chopped down trees, and managed international supply chains. A simple premise then opens up an entire world of industrial processes that might appear distant from us denizens of the digital age.

In this highly innovative work of media history, Stamm, a Professor of history at Michigan State University, pulls readers into that world, guiding them through newspaper boardrooms in big American cities, lumber camps and company towns across Canada, and laboratories that were experimenting with newsprint waste so as to synthesize new products and squeeze ever more revenue out of the process (who knew that the parent company of the Chicago Tribune was one of the largest manufacturers of synthetic vanilla in the 1950s?). The book will interest communications scholars, media historians, historical scholars of political economy, and many others.

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Barry C. Lynn, "Liberty From All Masters: The New American Autocracy vs. the Will of the People” (St. Martin's Press, 2020) Oct 28, 2020

Americans are obsessed with liberty, mad about liberty. On any day, we can tune into arguments about how much liberty we need to buy a gun or get an abortion, to marry who we want or adopt the gender we feel. We argue endlessly about liberty from regulation and observation by the state, and proudly rebel against the tyranny of course syllabi and Pandora playlists. Redesign the penny today and the motto would read, “You ain’t the boss of me.”

Yet Americans are only now awakening to what is perhaps the gravest domestic threat to our liberties in a century—in the form of an extreme and fast-growing concentration of economic power. Monopolists today control almost every corner of the American economy. The result is not only lower wages and higher prices, hence a concentration of wealth and power in the hands of the few. In Liberty From All Masters: The New American Autocracy vs. the Will of the People (St. Martin's Press, 2020), Barry C. Lynn argues that the result is also a stripping away of our liberty to work how and where we want, to launch and grow the businesses we want, to create the communities and families and lives we want.

The rise of online monopolists such as Google and Amazon—designed to gather our most intimate secrets and use them to manipulate our personal and group actions—is making the problem only far worse fast. Not only have these giant corporations captured the ability to manage how we share news and ideas with one another, they increasingly enjoy the power to shape how we move and play and speak and think.

Arya Hariharan is a lawyer in politics. She spends much of her time working on congressional investigations and addressing challenges to the rule of law. You can reach her at arya.hariharan@gmail.com or Twitter.

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JC de Swaan, "Seeking Virtue in Finance: Contributing to Society in a Conflicted Industry" (Cambridge UP, 2020) Oct 22, 2020

JC de Swaan does not shy from a challenge. In his new book, Seeking Virtue in Finance: Contributing to Society in a Conflicted Industry (Cambridge University Press, 2020), de Swaan, argues that it is possible to work in finance and not fall prey to the worst ethical ills of a profit maximizing industry. A lecturer at Princeton and partner in at Wall Street hedge fund, de Swaan spent years chronicling examples of virtuous behavior in finance. He distills his research into four "pillars" of ethical behavior for financial professionals. They include 1. Customers first, 2. Social wealth creation 3. Humanistic leadership and 4. Engaged citizenship. Those are easy to say, but hard to do in an industry not known for those attributes. Seeking Virtue in Finance should be required reading for every associate class on Wall Street, as well as their managers.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Rory Sutherland, "Alchemy: the Dark Art and Curious Science of Creating Magic in Brands, Business, and Life" (William Morrow, 2019) Oct 14, 2020

What are the limitations of relying on logic as an upfront filter in pursuing ideas? Find out as I talk to Rory Sutherland about his new books Alchemy: the Dark Art and Curious Science of Creating Magic in Brands, Business, and Life (William Morrow, 2019)

Sutherland is Vice Chairman of Ogilvy, a legendary advertising agency. He’s also a columnist for The Spectator and a past president of the London-based Institute of Practitioners in Advertising (IPA). His TED Talks have been viewed over 6.5 million times.

Topics covered in this episode include:

What’s to be gained from realizing that evolution likes fitness, not accuracy.
Why biology is different from physics, thereby meaning that there will likely never be a Newton of biology, of marketing, or other fields, where universal laws don’t apply. Instead, the focus is on noting the exceptions and finding patterns.
Realizing how much people are context-dependent in realizing solutions to problems. Many forms of measurement create more problems than successful outcomes.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Margaret Heffernan, "Uncharted: How to Map and Navigate the Future Together" (Simon and Schuster, 2020) Oct 12, 2020

Today I spoke with Dr Margaret Heffernan about her latest book, Uncharted: How to Map and Navigate the Future Together (Simon and Schuster, 2020). Margaret produced programmes for the BBC for 13 years. She then moved to the US where she became a businesswomen. She is the author of six books and a successful TED Talk speaker. She is also a Professor of Practice at the University of Bath.

In her 2012 TED Talk, ‘Dare to disagree’, she told the story Alice Stewart. This is the story of how clear, certain medical data, are not always enough to change rapidly our professional rules and personal habits.

In her 2019 TED Talk she argued that the more we rely on technology to make us efficient, the fewer skills we have to confront the unexpected. That’s why we need less technology and ‘more messy human skills - imagination, humility, bravery - to solve problems in business, government and life in an unpredictable age’.

In her new book, she explores the people and organizations who aren’t daunted by uncertainty: ‘We are addicted to prediction, desperate for certainty about the future. But the complexity of modern life won’t allow that; experts in forecasting are reluctant to look more than 400 days out’.

Uncertainty is clearly an important construct in both macroeconomics and behavioural economics. This book starts with an anecdote on the early life of a great American economist, Irving Fisher. His swimming accident and the discovery of his tuberculosis contributed to the development his research interest in stability and monetary economics.

Ranging freely through history and from business to science, government to friendships, this refreshing book challenges us to resist the false promises of technology and efficiency and instead to mine our own creativity and humanity for the capacity to create the futures we want and can believe in.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milano-Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. He is the co-convener of the EAEPE’s permanent track on Co-operative economy and collective ownership. Currently he is associate editor of The Review of Evolutionary Political Economy (REPE)

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Patrick Honohan, "Currency, Credit and Crisis: Central Banking in Ireland and Europe" (Cambridge UP, 2020) Oct 08, 2020

For readers – including non-economists – who want to get to grips with the nature and scale of the last financial crisis, how it was managed and mismanaged, and its particular impact on a small, open economy, Patrick Honohan's book Currency, Credit and Crisis: Central Banking in Ireland and Europe (Cambridge UP, 2020)

This is, in part, because it covers complex issues yet is written for a non-specialist audience. But mostly it’s because, as Olivier Blanchard says, this is “financial crisis, seen from the driver’s seat". Honohan is not just an accomplished monetary economist with a lot to say but he was also, from 2009 to 2015, the governor of the Central Bank of Ireland and a member of the Governing Council of the European Central Bank.

His book combines a monetary and financial history of Ireland since independence, theory and history around the formation of the Euro Area, an assessment of lessons learned from the crisis, and a behind-the-scenes memoir of how the crisis was fought.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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John W. Traphagan, "Cosmopolitan Rurality, Depopulation, and Entrepreneurial Ecosystems in 21st-Century Japan" (Cambria Press, 2020) Oct 07, 2020

John W. Traphagan’s Cosmopolitan Rurality, Depopulation, and Entrepreneurial Ecosystems in 21st-Century Japan (Cambria Press, 2020) presents a series of deeply contextualized ethnographies of small-business entrepreneurs and the entrepreneurial ecosystem of contemporary rural Japan.

Since the beginning of the twenty-first century, Japan has been experiencing an unprecedented decline in population that is expected to accelerate over the coming decades. Rural areas, in particular, have been at the cutting edge of this demographic transition as young people often out-migrate to urban areas to pursue education and career opportunities and to explore spaces and lifeways viewed as cosmopolitan and international. At the same time, some urbanites have decided to either return to the rural climes of their upbringing or move there for the first time to start small businesses. And rural communities have attempted to attract large projects, such as the International Linear Collider, that it is hoped will draw in new people, prevent younger people from out-migrating, and bolster local economies. A combination of individual and institutional entrepreneurial activities is changing the social and geographical landscape of rural Japan and reinventing that space as one that blends perceptions and experiences of the urban and rural, cosmopolitan and rustic.

While there has been considerable research on rural Japan and numerous studies that focus on entrepreneurs, only limited attention has been paid to the intersection of entrepreneurial activities in rural Japan and the ways in which entrepreneurs more generally are contributing to the re-formation of rural space and place. This ethnographic study develops the concept of cosmopolitan rurality as a social and geographical space that cannot be characterized as either urban or rural nor as specifically cosmopolitan or rustic. In the "rural" Japan of the early twenty-first, as in many other parts of the industrial world, we see the emergence of a new type of social context forming a hybrid space of neo-rurality that brings together people and ideas reflecting local, national, and global frames of experience. One of the key drivers behind this hybrid space is expressed in entrepreneurial activities by locals to generate an entrepreneurial ecosystem that it is hoped can attract new people and ideas while retaining ideational and geographical elements associated with traditional values and spaces.

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Thomas Levenson "Money for Nothing" (Random House, 2020) Oct 06, 2020

Modern finance isn't really all that modern. Three centuries ago, Great Britain's need for money to fight its wars, the appearance of joint stock companies, and the emerging quantification of all aspects of life converged to create new notions and forms of money and investments. And then there was a spectacular bubble in 1720. The South Sea stock rose and fell quickly, but the financing structures remained and last to this day in evolved form. In his new book Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich(Random House, 2020), MIT Professor Thomas Levenson tells the rip-roading tale.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Ian Kumekawa, "The First Serious Optimist: A. C. Pigou and the Birth of Welfare Economics" (Princeton UP, 2017) Oct 05, 2020

The work of Alfred Charles Pigou may not be as well known to people today as that of his contemporary John Maynard Keynes, but as Ian Kumekawa details in his book The First Serious Optimist: A. C. Pigou and the Birth of Welfare Economics (Princeton University Press, 2017), over the course of his long career Pigou advanced ideas that remain very relevant today. As Kumekawa describes, Pigou entered the field of economics at an important point in its evolution. As a student of Alfred Marshall, Pigou embraced his mentor’s more analytical approach to the subject, though without the same determination to separate it from political theory. This placed Pigou at the center of many of the issues of economics that the public faced in the early 20th century, to which Pigou contributed widely, particularly in the area of welfare economics. Pigou’s own ideas on these subjects evolved in response to his experiences with events, as he shifted from his early reform-minded liberalism to skepticism about the motivations of political leaders before he embraced once more the possibility of meaningful political change in the aftermath of the Second World War.

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Chris Fenton, "Feeding the Dragon: Inside the Trillion Dollar Dilemma Facing Hollywood, the NBA, and American Business" (Post Hill Press, 2020) Oct 05, 2020

For seventeen years, Chris Fenton served as the president of DMG Entertainment Motion Picture Group, a multi-billion-dollar global media company headquartered in Beijing. He has produced or supervised twenty-one films, grossing $2 billion in worldwide box-office.

In his new book, Feeding the Dragon: Inside the Trillion Dollar Dilemma Facing Hollywood, the NBA, & American Business (Post Hill Press, 2020), Fenton shares not only his journey from waiting tables at the Olive Garden to producing some of the most recognizable Hollywood blockbuster movies. And, in the process, he discovers his diplomatic mission: connecting the US and China through commerce and culture:

I felt a sense of mission that went far beyond box-office numbers. US-China relations were on the line. We all knew it. We had to make it work. But as an American, something bigger was at stake. We were pulling a rival country’s culture into our own. We were doing more than opening a market or making nice with China. We were bridging a cultural gap, making the world smaller, more stable, less contentious, and much safer. Failure would surely result in the opposite effect.

Fenton conveys not only the regulatory obstacles that U.S. movies face when entering the Chinese market but also the cultural barriers. For the media to be successful in China, it needs to be relevant to Chinese audiences. But, while facing challenges in Asia, DMG also found trouble in the U.S. when the Securities and Exchange Commission launched an investigation of their dealings in China

Like the blockbuster movies Fenton produces (and talks of a cinematic adaption of Feeding the Dragon are underway), this book has broad appeal. It is a gripping page-turner, a glimpse into the regulatory complexity of the Chinese entertainment market, and an introduction into what Fenton calls “film diplomacy.” Punctuated by succinct chapters, the book is an easy read, mixing a compelling story with rich insights.

Like the blockbuster movies Fenton produces (and talks of a cinematic adaption are underway), Feeding the Dragon has broad appeal. It is a gripping page-turner, a glimpse into the regulatory complexity of the Chinese entertainment market, and an introduction into what Fenton calls “film diplomacy.” Punctuated by succinct chapters, the book is an easy read, mixing a compelling story with rich insights.

Nick Pozek is Assistant Director of the Parker School of Foreign and Comparative Law at Columbia University and a host of New Books in Law.

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Gene Ludwig, "The Vanishing American Dream" (Disruption Books, 2020) Sep 28, 2020

Gene Ludwig cares. The former banker, government regulator, and serial entrepreneur cares deeply about the hollowing out of the American middle class over the past several decades, not least of all in his hometown of York, PA. So he gathered the country's best and brightest in 2019 for a conference at Yale Law School to come up with specific policy proposals that can reverse that process.

The details of what has happened make for difficult but necessary reading. In The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans (Disruption Books) the policy proposals to rebuild the middle class are divided into those at the federal level, and those at the local level.

Many readers will find the former typical and expected, but the latter constitute the most engaging part of the book. Both sorts of policies will be hard to implement given the country's current state of division, but Ludwig does not back down from the challenge.

Gene Ludwig is the founder of the Promontory family of companies and Canapi LLC, the largest financial technology venture fund in the United States. He is the CEO of Promontory Financial Group, an IBM company, and chairman of Promontory MortgagePath, a technology-based, mortgage fulfillment and solutions company.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Karl Gerth, "Unending Capitalism: How Consumerism Negated China's Communist Revolution" (Cambridge UP, 2020) Sep 25, 2020

Karl Gerth’s new book, Unending Capitalism: How Consumerism Negated China's Communist Revolution (Cambridge University Press, 2020) details how the state created brands, promoted and advertised particular products, set up department stores, and facilitated the promotion of certain luxury consumer products (notably wristwatches, bicycles, and sewing machines)—all in the Mao era. Though not typically considered to be a period of Chinese history driven by consumerism, Gerth’s beautifully researched book shows how, in the early People’s Republic, the Communist Party expanded consumerism and built ‘state capitalism’, and the ferocity of consumer impulses and behaviors that followed.

Challenging, provocative, and precisely written, Unending Capitalism is sure to appeal to anyone interested in modern Chinese history and histories of capitalism, as well as any readers looking for a book that uses some really fascinating sources to complicate the dominant narrative of China’s ‘socialist’ history.

Sarah Bramao-Ramos is a PhD candidate at Harvard University. She works on Manchu language books and book history and loves anything with a good kesike in it. She can be reached at sbramaoramos@g.harvard.edu

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Timothy R. Clark, "The 4 Stages of Psychological Safety: Defining the Path to Inclusion and Innovation" (Berrett-Koehler, 2020) Sep 24, 2020

How does any organization invite the true, full participation of its members? In his new book The 4 Stages of Psychological Safety: Defining the Path to Inclusion and Innovation (Berrett-Koehler, 2020), Timothy Clark explains.

Clark is the founder and CEO of LeaderFactor, and ranks as a global authority on senior executive development, strategy acceleration and organizational change. He’s the author of five book, and over 150 articles. Clark earned a doctorate degree in Social Science from Oxford University.

Topics covered in this episode include:

Why showing respect and granting permission are the keys to unlocking potential.
What lies beneath stunning statics like, only 36% of business professional believe their companies foster an inclusive culture, and only one-third of workers believe their opinions count; whereas, 50% of workers report being treated rudely at work at least once a week.
How a leader’s “tell-to-ask” ratio relates to whether that person suffers from the narcissism that limits the effectiveness of so many leaders

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Shahrukh Khan, "Development Economics: A Critical Introduction" (Routledge, 2019) Sep 23, 2020

Dr. Shahrukh Khan's new textbook Development Economics: A Critical Introduction(Routledge, 2019) is a fantastic book for teachers and students trying to get into the field of development economics. Covering all the major topic in the field such as foreign direct investment, foreign aid, institutions and good governance, data collection, and heterodox approaches the book immerses the reader into fundamental questions of development and underdevelopment.

What sets this work apart is both the centrality it places on covering all of the diversity in the field of development economics. From neo-Marxists to neo-liberals and everything in between, the book honors and critiques the value of each approach to understanding development. The book is easily read, engaging, and perfect for anyone looking to teach an intro to development class.

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Christopher Marquis, "Better Business: How the B Corp Movement Is Remaking Capitalism" (Yale UP, 2020) Sep 21, 2020

I spoke with Prof. Christopher Marquis, Samuel C. Johnson Professor in Global Sustainable Enterprise and Professor of Management at Cornell University. His latest research book tells the story of an ambitious certification programme that aims to signal to customers and shareholders those small and large corporations that are responsible and caring with their workers, customers, with the planet and the local communities where they operate.

Businesses have a big role to play in a capitalist society. They can tip the scales toward the benefit of the few, with toxic side effects for all, or they can guide us toward better, more equitable long-term solutions.

In Better Business: How the B Corp Movement Is Remaking Capitalism(Yale UP, 2020), Marquis tells the story of the rise of a new corporate form—the B Corporation. Founded by a group of friends who met at Stanford, these companies undergo a rigorous certification process, overseen by the B Lab, and commit to putting social benefits, the rights of workers, community impact, and environmental stewardship on equal footing with financial shareholders.

In our conversation Christopher mentioned the origin of the book and why he believes in the work done by B Lab. The book is divided into 11 chapter and is full of interesting practical examples. In the talk we also mentioned the notion of ‘benefit corporation’, in the US and elsewhere.

I have asked the author why we should trust the founders of the B Movement and their certification programme. He answered with some examples and convincing arguments. We then focused on chapter 1, ‘Interdependencies not Externalities’, chapter 6, ‘Employees as the Heart of the Company’, chapter 10, ‘Big Isn’t Always Bad’, and eventually chapter 11, ‘Convincing Consumers to Care’. We concluded with his plans for the next book.

Informed by over a decade of research and animated by interviews with the movement’s founders and leading figures, Marquis’s book explores the rapid growth of companies choosing to certify as B Corps, both in the United States and internationally, and explains why the future of B Corporations is vital for us all.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in China. He is the co-convener of the EAEPE’s permanent track on Co-operative economy and collective ownership.

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Christopher Robertson, "Exposed: Why Our Health Insurance is Incomplete and What can be Done About" (Harvard UP, 2019) Sep 21, 2020

Today's guest is Christopher Robertson, Associate Dean for Research and Innovation and Professor of Law at the University of Arizona. His background and research interests overlap several academic disciplines, including bioethics, health law, incentives, behavioral economics and more. His CV includes a PhD in philosophy and a law degree from Harvard.

His newest book is Exposed: Why Our Health Insurance is Incomplete and What can be Done About (Harvard University Press, 2019).

Colin Miller and Dr. Keith Mankin host the popular medical podcast, PeerSpectrum. Colin works in the medical device space and Keith is a retired pediatric orthopedic surgeon.

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Zachary Dorner, "Merchants of Medicine: The Commerce and Coercion of Health in Britain’s Long 18th Century" (U Chicago Press, 2020) Sep 18, 2020

In Merchants of Medicine: The Commerce and Coercion of Health in Britain’s Long Eighteenth Century (The University of Chicago Press), medicines embody the hopes of those who prepared, sold, and ingested them.

By investigating the different contexts and practices associated with the British long-distance trade in patent medicines, Zachary Dorner unravels the intertwined history of financial markets, health concerns, and colonial warfare. He argues that from the late seventeenth-century, medicines were produced, distributed, and consumed in new ways, providing solutions to the problems of labor shortages in the armed forces, trading companies and plantations, while also informing the categories of difference that organized such institutions.

Zachary Dorner is the Patrick Henry Postdoctoral Fellow in history at Johns Hopkins University.

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R. Pollin and N. Chomsky, "Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet" (Verso, 2020) Sep 15, 2020

Is there a consensus on the best response to global warming? Not even close. Left and right both bring their own tools, math, and, most notably, agendas--climate related and non-climate related--to their policy prescriptions.

Economist Robert Pollin has teamed up with Noam Chomsky to produce a manifesto for the New Green Deal in Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet (Verso). Their plan attempts to keep the planet from heating up too much while simultaneously redressing the economic wrongs that they blame substantially on unfettered capitalism.

Not everyone will agree that eco-socialism is the answer to global warming, but all participants in the debate will want to understand the wide range of policy proposals that are being brought to the table.

Noam Chomsky is Institute Professor Emeritus at the Massachusetts Institute of Technology and Laureate Professor at the University of Arizona.

Robert Pollin is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Thea Riofrancos, "Resource Radicals: From Petro-Nationalism to Post-Extractivism in Ecuador" (Duke UP, 2020) Sep 14, 2020

In 2007, Ecuador joined the Latin American “Pink Tide” by electing a left-wing president, Rafael Correa, who voiced opposition to US imperialism and advocated higher levels of redistribution and social investment. However, shortly after coming to power, Correa came into conflict with members of his own coalition over the future of resource extraction in the country. Should Ecuador try to leverage its mineral wealth and oil fields to promote social welfare and human development, or should the country abandon the extractive model altogether because of its human and environmental costs?

Resource Radicals: From Petro-Nationalism to Post-Extractivism in Ecuador (Duke UP, 2020) examines the deeper questions for democratic theory at stake in conflicts over resource extraction. Who are “the people” that have the authority to make decisions about whether the benefits of mining projects exceed the costs, the mining communities or the nation as a whole? How much authority should democratic governments delegate to experts to make decisions with enormous economic and environmental consequences for large groups of people? Using ethnographic and archival methods, Thea Riofrancos delves into the contentious politics of resource extraction, and in the process provides a new perspective on the “resource curse” literature in political science and economics.

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Pernille Røge, "Economistes and the Reinvention of Empire: France in the Americas and Africa c. 1750-1802" (Cambridge UP, 2019) Sep 11, 2020

In her new book, Economistes and the Reinvention of Empire: France in the Americas and Africa, c. 1750-1802 (Cambridge UP, 2020), Dr. Pernille Røge charts the confluence and reciprocal impacts of ideas and policies espoused by political economists, colonial administrators, planters, and entrepreneurs to reform the French empire in the second half of the eighteenth century. Due to this diffusion of observations and ideas, French economic philosophers who called themselves “economistes” and later “physiocrats” were able to formulate and advocated for new French colonial doctrines that emphasized agricultural development, free labor, commercial liberalization, and colonial economic and legal integration during and after the Seven Years War (1756-1763). While meeting initial resistance, such reform efforts inspired many imperial agendas enacted by French Revolutionary leaders as well as those by subsequent French imperialists. Deeply researched from records from three continents, Economistes and the Reinvention of Empire offers an enlightening perspective on critical French Atlantic political-economic development and imperial reformulation, with intellectual, economic, and political relevance that last till this day.

Dr. Pernille Røge is an Associate Professor of History at the University of Pittsburgh and the convener of Pitt’s Early Modern Worlds Initiative.

Grant Kleiser is a Ph.D. candidate in the Columbia University History Department. His dissertation researches the development of the free-port system in the eighteenth-century Caribbean, investigating the rationale for such moves towards “free trade” and the impact these policies had on subsequent philosophers, policy-makers, and revolutionaries in the Atlantic word.

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Albena Azmanova, "Capitalism on Edge: How Fighting Precarity Can Achieve Radical Change Without Utopia or Crisis" (Columbia UP, 2020) Sep 10, 2020

Capitalism seems to many to be in a sort of constant crisis, leaving many struggling to make ends meet. This desperation was intensified in 2008, and for many never went away in spite of claims of a general economic ‘recovery.’ More recently, the tensions and shortcomings of our current socioeconomic system have been exacerbated by the COVID-crisis, with poorly compensated frontline workers struggling to stay safe in workplaces that have failed to take adequate care of their health and safety.

The feeling that we’ve stuck riding along the precipice of disaster for years now is an animating idea for my guest today, Albena Azmanova, here to discuss her recent book Capitalism on Edge: How Fighting Precarity Can Achieve Radical Change Without Utopia or Crisis (Columbia University Press).

The book argues that the animating element of contemporary life under capitalism is precarity, and the driving force behind this precarity is the insatiable drive for profits which leaves workers desperately trying to keep up with capital. Synthesizing history, philosophy, economics and policy analysis, the book takes a sharp look at the elements that make up our current situation, and what our possibilities are for change.

Albena Azmanova is an associate professor of political and social theory at Kent’s Brussels School of International Studies. She is also the author of The Scandal of Reason: A Critical Theory of Political Judgement.

Stephen Dozeman is a freelance writer.

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Joshua Greenberg, "Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic" (U Pennsylvania Press, 2020) Sep 09, 2020

What is money? No, really, what is money? It turns out the answer is not so simple.

During the course of the 20th century, most of us have gotten used to the notion of a single medium of exchange based on Federal Reserve notes which we call dollars. They look the same, feel the same, and have the same use everywhere in the country. We are so comfortable with that medium of exchange that we are now increasingly doing away with the paper and accepting a digital version of said money. The convenience of having a single and stable currency as a medium of exchange did no exist in the early republic.

Joshua Greenberg's Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic (University of Pennsylvania Press) describes the many types of money in circulation at the time and how all participants in the economic system had to master the discounting of paper money from one institution to another, from one town to another, from one transaction to another. It constituted an entire sub-culture, and an excellent lens to view the economic history of the pre-Civil War period.

Joshua R. Greenberg is the editor of Commonplace: the journal of early American life.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Joshua B. Freeman, "Behemoth: A History of the Factory and the Making of the Modern World" (W. W. Norton, 2019) Sep 08, 2020

In an accessible and timely work of scholarship, celebrated historian Joshua B. Freeman's Behemoth: A History of the Factory and the Making of the Modern World (W. W. Norton) tells the story of the factory and examines how it has reflected both our dreams and our nightmares of industrialization and social change. He whisks readers from the early textile mills that powered the Industrial Revolution to the factory towns of New England to today’s behemoths making sneakers, toys, and cellphones in China and Vietnam. Behemoth offers a piercing perspective on how factories have shaped our societies and the challenges we face now.

Joshua B. Freeman is a Distinguished Professor of History at Queens College and the Graduate Center of CUNY. His previous books include American Empire and Working-Class New York, among others. He lives in New York City.

Mark Molloy is the reviews editor at MAKE: A Literary Magazine.

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David J. Hand, "Dark Data: Why What You Don't Know Matters" (Princeton UP, 2020) Sep 04, 2020

There is no shortage of books on the growing impact of data collection and analysis on our societies, our cultures, and our everyday lives. David Hand's new book Dark Data: Why What You Don't Know Matters (Princeton University Press, 2020) is unique in this genre for its focus on those data that aren't collected or don't get analyzed. More than an introduction to missingness and how to account for it, this book proposes that the whole of data analysis can benefit from a "dark data" perspective—that is, careful consideration of not only what is seen but what is unseen. David assembles wide-ranging examples, from the histories of science and finance to his own research and consultancy, to show how this perspective can shed new light on concepts as classical as random sampling and survey design and as cutting-edge as machine learning and the measurement of honesty. I expect the book to inspire the same enjoyment and reflection in general readers as it is sure to in statisticians and other data analysts.

Suggested companion work: Caroline Criado Perez, Invisible Women: Data Bias in a World Designed for Men.

Cory Brunson (he/him) is a Research Assistant Professor at the Laboratory for Systems Medicine at the University of Florida.

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J. Herbst and S. Lovegrove, "Brexit And Financial Regulation" (Oxford UP, 2020) Sep 04, 2020

The UK’s transition from legally withdrawing from the EU to leaving the union’s single market will come to an end at midnight on December 31 with no successor trade agreement yet in place.

For the UK’s financial sector, which accounts for 7% of the country’s economy and a million of its jobs, whether there is such an agreement and what shape it takes really matters.

In Brexit and Financial Regulation(Oxford University Press, 2020), co-editors Jonathan Herbst and Simon Lovegrove have corralled 26 lawyers from 12 leading firms and chambers to explain why.

Between them, they cover the history of the withdrawal process, the likely impact of Brexit on regulations of everything from how bankers are rewarded for success to how insolvent banks are wound up, and what could happen next in the negotiations.

Jonathan Herbst is Global Head of Financial Services Regulation at law firm Norton Rose Fulbright.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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C. De Beukelaer and K. M. Spence, "Global Cultural Economy" (Routledge, 2018) Sep 04, 2020

How should we understand the role of cultural industries in contemporary society? In Global Cultural Economy (Routledge) Christiaan De Beukelaer, a senior lecturer in cultural policy at the University of Melbourne, and Kim-Marie Spence, a postdoctoral researcher at Solent University, explore and explain the interrelationship between culture and economy across the world.

The book covers a range of subjects, from inequality and diversity, through government funding and cultural policy, to development and sustainability, illustrating each subject with examples from a vast range of artforms and nation states, as well as global policy organisations. The book is essential reading for creative industries, arts and humanities, and social science scholars, as well as for anyone interested in a declonising their perspective on global culture.

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Nathan J. Kelly, "America's Inequality Trap" (U of Chicago Press, 2020) Sep 03, 2020

America's Inequality Trap (University of Chicago Press, 2020) focuses on the relationship between economic inequality and American politics. Nathan J. Kelly, Professor of Political Science at the University of Tennessee, argues that the increasing concentration of economic power effects political power, thus allowing the gap between the rich and everyone else to become more acute and more rigid. The increasing level of inequality, according to Kelly, also tends to be reinforced by public policies. This then creates a self-perpetuating plutocracy because those with more economic resources will have more political power or the capacity to influence those with political power and the kinds of policies that are being made. Thus, we have the theory of the inequality trap.

Kelly’s analysis is fairly specific to the United States, since the inequality trap itself combines aspects of the American political system that are rather unique, but he notes that the trip is not exclusive to the U.S., it is part of a “more general phenomenon.” In order to understand this inequality trap, Kelly’s research links politics, policy, and income inequality. He then explores different pathways that contribute to establishing and perpetuating this system, which concentrates more and more wealth in fewer and fewer hands. Each chapter assesses a different pathway: public opinion, elections, inegalitarian policy convergence, and policy stagnation, all of which contribute to economic inequality in the United States and how it operates within the political system. Public opinion and elections center around political attitudes and behavior while inegalitarian policy convergence and policy stagnation focus on policy-making institutions and processes. Each pathway shares the same outcome that they contribute to the inequality trap in which only those who are wealthy benefit from it.

In analyzing the effects of high inequality on each of the pathways, Kelly exposes the pattern of political response, or non-response, to the problem of inequality and the role of partisan politics within these dynamics. Kelly also emphasizes that racial bias and economic inequality play a substantial role in political decision making, especially in public opinion and elections. These distinct areas often have some overlap in terms of voter engagement and political behavior and choices and, according to the research, this also helps us understand the outcome in the 2016 presidential election. America’s Inequality Trap concludes with a discussion about economic inequality before the Great Depression and the Great Recession. Both events occurred during times of high economic inequality but there were distinct differences in the political response to that inequality and the economic collapses that followed. Kelly explains how and why the political responses differed, and by comparing the two, he suggests possible strategies for escaping the ongoing inequality trap.

Daniella Campos assisted with this podcast.

Lilly J. Goren is professor of political science at Carroll University in Waukesha, WI. She is co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012), as well as co-editor of Mad Men and Politics: Nostalgia and the Remaking of Modern America (Bloomsbury Academic, 2015).

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Paul Offit, "Overkill: When Modern Medicine Goes Too Far" (HarperCollins, 2020) Sep 03, 2020

Why Do Unnecessary and Often Counter-Productive Medical Interventions Happen So Often?

Today I talked to Paul Offit about his book Overkill: When Modern Medicine Goes Too Far (HarperCollins, 2020)

Offit is a professor of pediatrics at the University of Pennsylvania and the director of the Vaccine Education Center at the Children’s Hospital of Philadelphia. A prolific author, he’s also well known for being the public face of the scientific consensus that vaccines have no association with autism.

Topics covered in this episode include:

The degree to which opportunities to make money and avoid law suits drives the behavior of doctors, though inertia and unwillingness to accept advances in knowledge are also common explanations for being at times too active in treating patients.
How the marketing campaigns of pharmaceutical companies can warp treatment plans.
The conclusions from countless studies that in at least the 15 common medical interventions covered in this book, many patients are better off with more basic, common sense approaches like eating well, exercise, et cetera.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Brad Walters, "The Greening of Saint Lucia: Economic Development and Environmental Change in the West Indies" (UWI Press, 2019) Sep 02, 2020

Saint Lucia’s rural landscape is more forested today than at any time in at least seventy-five years (probably much longer). This change is profoundly significant given widespread efforts to achieve sustainable development on small-island states like Saint Lucia. Yet, this seemingly good-news story runs contrary to most conventional narratives about the worsening state of the environment in the Caribbean and elsewhere. How did this remarkable change come about? What role did government, the private sector and other actors play in this? What are the links between this environmental change and wider changes in the Saint Lucian economy, politics and society? Is there more to this story than meets the eye? These questions are explored in this interdisciplinary study of changing human-environment relations since the Second World War.

Brad Walter's book The Greening of Saint Lucia: Economic Development and Environmental Change in the West Indies (UWI Press, 2019) is based on the results of a long-term, field-based research project that began in 2006. It entails the application of a novel research methodology for doing human-environment research (ACE: abductive causal eventism) that the author co-developed with a colleague from Rutgers University. This causal-historical methodology allows for the rigorous integration of findings derived from natural and social science sources, including ecological and air photo assessments, interviews, secondary data sources, and archival investigations.

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Adam Hanieh, "Money, Markets, and Monarchies: The Gulf Cooperation Council and the Political Economy of the Contemporary Middle East" (Cambridge UP, 2018) Sep 01, 2020

When most Westerners think of the Gulf, the first thing that comes to mind is often oil. However, as Adam Hanieh demonstrates in Money, Markets, and Monarchies: The Gulf Cooperation Council and the Political Economy of the Contemporary Middle East(Cambridge UP, 2018), the economies of Saudi Arabia, the UAE, Qatar, Oman, Bahrain, and Kuwait are about more than just the “black gold.” Conglomerates and state-owned firms from this region have become major players throughout the Middle East and the broader global economies in sectors like agribusiness, finance, real estate, and logistics. In the process, processes of class and state formation in the Gulf have become inextricably tied up with political and economic developments in the broader Middle East, as the valorization of Gulf oil surpluses has come to depend on access to markets for land (both urban and rural) throughout the region. Hanieh analyzes how the Gulf states’ quest for food security in the wake of the food price increases of the late 2000s has affected agrarian class relations in Egypt and other countries, how Gulf capital has contributed to market-led remaking of cities throughout the region, and how Gulf control of Arab state financial reserves has given GCC countries tremendous geopolitical and economic leverage over their neighbors.

Furthermore, Hanieh shows that the boundary between public and private interests in the Gulf states is blurred by the close relationships between wealthy private businesses and patrimonial monarchies, and capital accumulation in the region depends on the hyper-exploitation of foreign guest workers, who can easily be deported if they demand higher wages or go on strike. Money, Markets, and Monarchies dispels widespread myths about the political economies of the Gulf while providing a distinct vantage point for exploring the complex geographies of global capitalism.

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Olli Rehn, "Walking the Highwire: Rebalancing the European Economy in Crisis" (Palgrave Macmillan, 2020) Aug 28, 2020

Walking the Highwire: Rebalancing the European Economy in Crisis (Palgrave Macmillan, 2020) tells the story of the Eurozone’s crisis from the perspective of an insider who now sits on the European Central Bank’s governing council.

Part-policy proposal, part-autobiography, and part-political memoir, at the heart of Walking The Highwire are the four critical years from 2010 to 2014 when Olli Rehn served as European Commissioner for economic and monetary affairs.

The book tells us what took a football-mad boy from Southern Savonia to Brussels – via Oxford and Minnesota – and reveals the behind-the-scenes fights and compromises that shaped the crisis and pulled the euro from the brink.

Olli Rehn has been governor of the Bank of Finland since 2018, was Finnish minister of economic affairs (2015-2016), European Commissioner for economic and monetary affairs (2010-2014), and commissioner for enlargement (2004-2010). He holds a doctorate from the University of Oxford in international political economy.

Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.

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Bjorn Lomborg, "False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet" (Basic Books, 2020) Aug 25, 2020

Should climate change policy be subject to a cost-benefit analysis leading to a variety of policy choices? Or is it so critical that the only "proper" path is immediate and extreme carbon reduction, regardless of the costs and the impact of those measures on the welfare of the population? Bjorn Lomborg's new and controversial work, False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet (Basic Books, 2020) leans strongly in the direction of the former. Conducting that analysis, he comes to some shocking conclusions, notably that the "optimal" mix of global warming and economic activity sees a 6 degree or so increase in global temperatures by the end of the century. Yes, shocking.

Other than some low-hanging fruit in carbon reduction through a global carbon tax, he argues that the economic math of more severe carbon reduction is challenging. Instead, Lomborg advocates more investment in poverty reduction that allows people at risk of suffering from climate change to better adapt to higher temperatures and more extreme weather. Less controversially, he supports a massive increase in green energy R&D.

Some NBN listeners will likely disagree with Lomborg's stance, perhaps with his basic cost-benefit framework and most certainly with his conclusions, but all participants in the debate should be aware of this approach.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Kerri Arsenault, "Mill Town: Reckoning with What Remains" (Martin's Press, 2020) Aug 20, 2020

Kerri Arsenault grew up in the rural working-class town of Mexico, Maine. For over 100 years the community orbited around a paper mill that employs most townspeople, including three generations of Arsenault’s own family. Years after she moved away, Arsenault realized the price she paid for her seemingly secure childhood. The mill, while providing livelihoods for nearly everyone, also contributed to the destruction of the environment and the decline of the town’s economic, physical, and emotional health in a slow-moving catastrophe, earning the area the nickname “Cancer Valley.”

Mill Town: Reckoning with What Remains (St. Martin's Press, 2020) is an personal investigation, where Arsenault sifts through historical archives and scientific reports, talks to family and neighbors, and examines her own childhood to illuminate the rise and collapse of the working class, the hazards of loving and leaving home, and the ambiguous nature of toxics and disease. Mill Town is a moral wake-up call that asks, Whose lives are we willing to sacrifice for our own survival?

Kerri Arsenault is a book critic, book editor at Orion magazine, and a contributing editor at The Literary Hub. Twitter. Website.

Brian Hamilton is a Ph.D. candidate at the University of Wisconsin–Madison where he is researching African American environmental history. A Maine native, he lives in Western Massachusetts and teaches at Deerfield Academy. Twitter. Website.

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Ravi Palat, "The Making of an Indian Ocean World-Economy, 1250–1650" (Palgrave, 2015) Aug 19, 2020

Ravi Palat’s The Making of an Indian Ocean World-Economy, 1250–1650: Princes, Paddy fields, and Bazaars (Palgrave, 2015) counters eurocentric notions of long-term historical change by drawing upon the histories of societies based on wet-rice cultivation to chart an alternate pattern of social evolution and state formation. It traces inter-state linkages and the growth of commercialization without capitalism in the Indian Ocean World.

Dr. Ravi Palat is professor of sociology at SUNY Binghamton. His research interests include world-systems analysis, historical sociology, political economy, and the sociology of food. Currently working on cuisine as an element of state formation and the cultivation of a national culture; on the Americas in the making of early modern world-economies in Asia; on the parallel transformations of China and India since the mid-1800s; and on a critique of contemporary area studies. Earlier work centered on the political economy of east and southeast Asia in the context of contemporary transformations of the capitalist world-economy; and on the making of an Indian Ocean world-economy.

Ahmed Yaqoub AlMaazmi is a Ph.D. candidate at Princeton University. His research focuses on the intersection of law and the environment across the Western Indian Ocean. He can be reached by email at almaazmi@princeton.edu or on Twitter @Ahmed_Yaqoub. Listeners’ feedback, questions, and book suggestions are most welcome.

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Jered Rubin, "Rulers, Religion, and Riches: Why the West Got Rich and the Middle East Did Not" (Cambridge UP, 2020) Aug 19, 2020

Rulers, Religion, and Riches: Why the West Got Rich and the Middle East Did Not(Cambridge UP, 2020) addresses one of the big questions in economics and economic history: why did the modern economy emerge in northwestern Europe at some point in the 17th or 18th century but not in the Middle East? After all, for centuries following the spread of Islam, the Middle East was far ahead of Europe – on both technological and economic terms.

Jared Rubin argues that the religion itself is not to blame; the importance of religious legitimacy in Middle Eastern politics was the primary factor. In much of the Muslim world, religious authorities were given an important seat at the political bargaining table, which they used to block important advancements such as the printing press and usury. In Europe, however, the Church played a weaker role in legitimizing rule, especially where Protestantism spread (indeed, the Reformation was successful due to the spread of printing, which was blocked in the Middle East). It was precisely in those Protestant nations, especially England and the Dutch Republic, where the modern economy was born.

In this interview, Jared shares with us his opinions on a wide range of topics – from the work of Jared Diamond and the theories of Max Weber, to his serendipitous journey in academia that led him to write his first book.

Joshua Tham is an undergraduate reading History at the London School of Economics and Political Science. His research interests include economic history, sociolinguistics, and the "linguistic turn" in historiography.

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Paul De Grauwe, "Economics of Monetary Union" (Oxford UP, 2020) Aug 13, 2020

First published in 1992 before the creation of the euro, Paul De Grauwe’s Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project.

Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area.

But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments’ pandemic-related deficits.

Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute.

Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors.

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Art Markman, "Bring Your Brain to Work: Using Cognitive Science to Get a Job, Do It Well, and Advance Your Career" (HBR Press, 2019) Aug 13, 2020

What does it take to both fit in and yet also prosper and grow as a person in the workplace?

In today's interview, I discuss this question and others with noted psychologist Arthur B. Markman.

Markman is a professor of Psychology and Marketing at the University of Texas at Austin, where he also runs the university’s Human Dimensions of Organizations program. Besides his books, Art writes blogs for Psychology Today and Fast Company, and has a radio show/podcast called Two Guys on Your Head.

Topics covered in this episode include:

The emotions that often get exhibited in relation to each of the Big 5 traits of Openness, Conscientiousness, Extraversion, Agreeableness and Neuroticism – as well as how a “dream team” working on a special project will embody a variety of those traits.
What it means to be a boss who punishes negligence instead of failure.
What are the kinds of signals you should be alert to in a job interview in order to get a grasp on what kind of corporate culture you might be stepping into.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Costas Lapavitsas, "The Left Case Against the EU" (Polity, 2018) Aug 07, 2020

Many on the Left see the European Union as a fundamentally benign project with the potential to underpin ever greater cooperation and progress. If it has drifted rightward, the answer is to fight for reform from within.

In this iconoclastic polemic, economist Costas Lapavitsas demolishes this view. In The Left Case Against the EU (Polity, 2018), he contends that the EU's response to the Eurozone crisis represents the ultimate transformation of the union into a neoliberal citadel that institutionally embeds austerity, privatization, and wage cuts.

Concurrently, the rise of German hegemony has divided the EU into an unstable core and dependent peripheries. These related developments make the EU impervious to meaningful reform. The solution is therefore a direct challenge to the EU project that stresses popular and national sovereignty as preconditions for true internationalist socialism.

Lapavitsas's powerful manifesto for a left opposition to the EU upends the wishful thinking that often characterizes the debate and will be a challenging read for all on the Left interested in the future of Europe.

Costas Lapavitsas is Professor of Economics at the School of Oriental and African Studies, University of London. His research during the last few years has focused on the Eurozone and the financialization of capitalism. He has published widely in the academic field and writes frequently for the international and the Greek press. In January 2015 he was elected in the Greek Parliament with the incoming SYRIZA party, but left in August 2015 when the third bail-out of Greece was signed.

His most recent books include Capitalism in the Ottoman Balkans, with P. Cakiroglu, I.B.Tauris, 2019, The Left Case Against the EU, Polity Press, 2018, Against the Troika: Crisis and Austerity in the Eurozone, with H. Flassbeck, Verso, 2015, and Profiting Without Producing, Verso, 2013.

Daniel Lucas is a student at the University of Groningen, studying European and International law. Please contact through daniellucas2001@gmail.com

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Cary Cooper, "The Apology Impulse: How the Business World Ruined Sorry and Why We Can’t Stop Saying It" (Kogan Press, 2020) Aug 06, 2020

What are best-practices for alleviating stress in the workplace?

Today I talked to Cary Cooper about his new book The Apology Impulse: How the Business World Ruined Sorry and Why We Can’t Stop Saying It (Kogan Page, 2020). Cooper explains why managers should say “Sorry, I Wasn’t Feeling."

Cooper is the author/editor of over 250 books, and the president of the British Academy of Management. An advisor to the World Health Organization and the EU, he’s received both a knighthood and the CBE award from the Queen of England for “extraordinary contributions” to society.

Topics covered in this episode include:

The difference between operational and cultural failures, and why CEOs find it easier to apologize for the latter by pretending the problem has to do with the former.
The percentage of workers who feel bullied by a boss at work on a constant basis, and Cooper’s estimation of the percentage of bosses who won’t be able to benefit from EQ-training and, therefore, should be given roles that don’t involve managing people.
What the implications and solutions for huge CEO pay amid what could now prove to be the single most significant economic downturn in our lives (due to Covid-19).

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Poul Kjaer, "The Law of Political Economy: Transformation in the Function of Law" (Cambridge UP, 2020 Jul 31, 2020

Legal and political theories are not descriptions of brute facts. Nor are they merely postulated ideals or aspirations. Theories reflect and are reflected in our social relationships … Moral and political values thus cannot and should not be discussed in isolation from the institutions and social histories that shaped them.

– N.E. Simmonds cited in Raymond Wacks, Understanding Jurisprudence (2005)

Considering the law as a social phenomenon intrinsic to political economy is key to engaging the work in this new volume of scholarly articles edited by Professor Poul Kjaer – The Law of Political Economy: Transformation in the Function of Law (Cambridge University Press, 2020). The book is relevant on many levels to the events unfolding around us including unresolved issues between the private and the public realms (e.g., think banking and government in relation to the Global Financial Crisis of 2008). Current manifestations (post-book publication) include the ruling of the German Constitutional Court in May, which at core, appears to challenge the legitimacy of EU law for German financial interests. However distant such regulatory and legal matters may, at first appear, the idea that theories ‘are reflected in our social relationships’ anchors a more general observation made in this book’s introductory chapter concerning theoretical architectures as differentiating ‘between a holistic or a differentiation-based worldview, that is, between an understanding of society as a whole, which is larger than the sum of its parts, or an understanding of society as a mere collection of differentiated parts.’

In this NBn episode, Professor Poul Kjaer distinguishes such concepts among others, and sets the context for those with an interest in learning about ‘the law and political economy’ as a field of study including an explanation of the differences between the European and American approaches to this field. Some other points of elaboration include more detailed thoughts on his introductory chapter, his previous books dealing with governance and governing, corporatism’s many guises, intermediary institutions as key locations for social integration and dis-integration, the concept of crisis and how law regulates the economy and politics, with Georg Simmel, in a sense, underlying it all with the question: ‘how is society possible?’

Professor Kjaer explains key concepts and thinkers in this field as he provides a lay of the land as surveyed from the ‘Copenhagen School’. He also shares his impressions with the book editing process, and some of the more foundational concepts and sources. The book brings ‘together an exceptional group of scholars’ providing a ‘novel conceptual framework for studying the role of law and legal instruments in political economy contexts, with a focus on historical transformations and central challenges in both European and global contexts’. This volume’s many contributions cover legal subfields ‘ranging from competition and consumer protection law to labour and environmental law, giving a comprehensive overview of the central challenges of the law of political economy.’ It should be added that the 15 chapters are compellingly written, and the book is available in hardcover and Kindle.

Poul F. Kjaer is a professor at the Copenhagen Business School (CBS) in Denmark with a research focus on European and global governance, the law and political economy.

Keith Krueger lectures at the SHU-UTS Business School in Shanghai.

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Nir Bashan, "The Creator Mindset: 92 Tools to Unlock the Secrets to Innovation, Growth, and Sustainability" (McGraw-Hill, 2020) Jul 23, 2020

Why is the corporate fallback being “analytical” (as opposed to nurturing creativity)?

Today I talked to Nir Bashan about his new book The Creator Mindset: 92 Tools to Unlock the Secrets to Innovation, Growth, and Sustainability (McGraw-Hill, 2020)

Bashan is a creativity expert who has spent the past two decades devising a formula for sustained creativity. Besides his blue-chip corporate clients, Bashan has also worked on album, movies and advertisements for people like Rod Stewart and Woody Harrelson, won a Clio and been nominated for an Emmy. This is his first book.

Topics covered in this episode include:

Creativity’s three unlikely personal traits (hint: courage is one of them).
Why self-doubt and complacency are both threats to successful innovation, and how to overcome each in turn.
Design obstacles Bashan has witnessed, plus five more from my book Emotionomics.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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R. Sroufe and S. Melnyk, "Developing Sustainable Supply Chains to Drive Value" (Business Expert Press, 2017) Jul 17, 2020

Robert Sroufe and Steven Melnyk's Developing Sustainable Supply Chains to Drive Value(Business Expert Press) provides a multi-perspective approach to sustainability and value chains to allow understanding from a variety of disciplines and professional backgrounds.

Some of the key features of this book include: Short vignettes of important trends along with relevant management issues; Evidence-based management examples from leading multinational companies, small, and medium enterprises spanning supply chains; References to appropriate tools, emerging technology, and practices; Chapter action items for the reader to take a deeper look at integration opportunities involving sustainability and supply chain management; An action-learning approach to applying concepts and tools so readers from any functional perspective can implement and manage sustainability projects including; Guidelines on how to move forward with your first supply chain sustainability initiative.

Robert Sroufe is Ph.D., Operations, Michigan State University M.B.A., Materials and Logistics Management, Michigan State University.

Tricia Keffer ASLA, MLA Landscape Architecture with a design practice in the Florida Keys PlantsPeopleLove.com

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Eugenia Lean, "Vernacular Industrialism in China"(Columbia UP, 2020) Jul 17, 2020

In early twentieth-century China, Chen Diexian (1879–1940) was a maverick entrepreneur—at once a prolific man of letters and captain of industry, a magazine editor and cosmetics magnate. He tinkered with chemistry in his private studio, used local cuttlefish to source magnesium carbonate, and published manufacturing tips in how-to columns.

In a rapidly changing society, Chen copied foreign technologies and translated manufacturing processes from abroad to produce adaptations of global commodities that bested foreign brands. Engaging in the worlds of journalism, industry, and commerce, he drew on literati practices associated with late-imperial elites but deployed them in novel ways within a culture of educated tinkering that generated industrial innovation.

Through the lens of Chen’s career, Eugenia Lean explores how unlikely individuals devised unconventional, homegrown approaches to industry and science in early twentieth-century China. She contends that Chen’s activities exemplify “vernacular industrialism,” the pursuit of industry and science outside of conventional venues, often involving ad hoc forms of knowledge and material work.

Lean shows how vernacular industrialists accessed worldwide circuits of law and science and experimented with local and global processes of manufacturing to navigate, innovate, and compete in global capitalism. In doing so, they presaged the approach that has helped fuel China’s economic ascent in the twenty-first century.

Rather than conventional narratives that depict China as belatedly borrowing from Western technology, Vernacular Industrialism in China: Local Innovation and Translated Technologies in the Making of a Cosmetics Empire, 1900-1940 (Columbia University Press) offers a new understanding of industrialization, going beyond material factors to show the central role of culture and knowledge production in technological and industrial change.

Eugenia Lean is professor of history and East Asian languages and cultures and current director of the Weatherhead East Asian Institute at Columbia University.

This interview was conducted by Lukas Rieppel, a historian of science and capitalism at Brown University. You can learn more about his research here, or find him on twitter here.

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Luke Messac, "No More to Spend: Neglect and the Construction of Scarcity in Malawi's History of Health Care" (Oxford UP, 2020) Jul 16, 2020

Dismal spending on government health services is often considered a necessary consequence of a low per-capita GDP, but are poor patients in poor countries really fated to be denied the fruits of modern medicine?

In many countries, officials speak of proper health care as a luxury, and convincing politicians to ensure citizens have access to quality health services is a constant struggle. Yet, in many of the poorest nations, health care has long received a tiny share of public spending.

Colonial and postcolonial governments alike have used political, rhetorical, and even martial campaigns to rebuff demands by patients and health professionals for improved medical provision, even when more funds were available.

No More to Spend: Neglect and the Construction of Scarcity in Malawi's History of Health Care (Oxford University Press, 2020) challenges the inevitability of inadequate social services in twentieth-century Africa, focusing on the political history of Malawi.

Using the stories of doctors, patients, and political leaders, Luke Messac demonstrates how both colonial and postcolonial administrations in this nation used claims of scarcity to justify the poor state of health care. During periods of burgeoning global discourse on welfare and social protection, forestalling improvements in health care required varied forms of rationalization and denial.

Calls for better medical care compelled governments, like that of Malawi, to either increase public health spending or offer reasons for their inaction. Because medical care is still sparse in many regions in Africa, the recurring tactics for prolonged neglect have important implications for global health today.

Luke Messac is a resident in emergency medicine at Brown University. He received his M.D. and Ph.D. (History and the Sociology of Science) from the University of Pennsylvania.

Bekeh Utietiang Ukelina is an Assistant Professor of History at SUNY, Cortland. His research examines the ideologies and practices of development in Africa, south of the Sahara. He is the author of The Second Colonial Occupation: Development Planning, Agriculture, and the Legacies of British Rule in Nigeria. For more NBN interviews, follow him on Twitter @bekeh or head to bekeh.com.

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A Very Square Peg: A Podcast Series about Polymath Robert Eisler. Episode 6: Negative Interest Jul 14, 2020

Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936.

Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College).

Voice of Robert Eisler: Caleb Crawford

Additional voices: Brian Evans

Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra.

Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program.

Special thanks to the Warburg Institute.

Bibliography and Further Reading

Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839.

Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200.

Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938.

———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932.

———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931.

———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924.

Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933.

Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934

Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013.

Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018.

Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020.

Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999.

Follow us on Twitter: @averysquarepeg

Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu.

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Matto Mildenberger, "Carbon Captured: How Business and Labor Control Climate Politics" (MIT Press, 2020) Jul 13, 2020

Why do some countries pass legislation regulating carbon or protecting the environment while others do not?

In his new book Carbon Captured: How Business and Labor Control Climate Politics (MIT Press, 2020), Matto Mildenberger (Assistant Professor of Political Science, University of California, Santa Barbara) uses a comparative analysis of Norway, Australia, and the United States to explain differences in climate policy-making . Mildenberger concludes that despite variation in policy preferences and governmental systems, business and labor interests have infiltrated the policy-making process to prevent governments from combating climate change with legislation.

Mildenberger argues that carbon polluters capture governments through “double representation” because carbon polluters are represented regardless of what political coalition holds power. On the left, polluters are represented by labor unions who fear that increased regulations mean a decrease in jobs. On the right, polluters are represented by corporations who associate increased regulations with decreasing profits. Mildenberger asserts that the versatility of double representation makes it the most important factor in climate policy conflict across advanced economies. To support his theory, Mildenberger uses case studies of Australia, Norway, and the United States. Looking at these countries, Mildenberger describes two methods through which business and labor interests affect climate policy. One, where business or labor interests are part of a larger political coalition and use their position to participate in the writing of legislation. This results in weaker legislation. Alternatively, if business and labor interests are shut out of the political process, Mildenberger details how they mobilize the public against legislation making it less politically beneficial to take action.

Mildenberger’s comparative analysis of carbon polluters and their influence on climate policy sheds new light on policy discrepancies around the world. Additionally, Mildenberger offers a guide for future policy makers to combat the double representation of carbon polluters.

Adam Liebell-McLean assisted with this podcast.

Susan Liebell is associate professor of political science at Saint Joseph’s University in Philadelphia. She is the author of Democracy, Intelligent Design, and Evolution: Science for Citizenship (Routledge, 2013) and, most recently, “Retreat from the Rule of Law: Locke and the Perils of Stand Your Ground” in the Journal of Politics (August 2020).

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Robert Sroufe, "Integrated Management: How Sustainability Creates Value for Any Business" (Emerald, 2018) Jul 10, 2020

Integration has been a key theme across the general management, organizational behavior, supply chain management, strategy, information systems and the environmental management literature for decades. Sustainability continues to be, at the “top of the agenda” in the C-suite. Despite this, specialists in academia and organizations lack the peripheral vision to understand the power of a more integrated approach that will empower functional groups to become best-in-class without forcing trade-offs that pull down other groups connected to overall operations. Integrated Management is the key driver of innovation and profitability in progressive companies. It reduces risks while pursuing new opportunities, and the checks and balances for prudent management are baked in the strategy for modern go-to-market synergy and growth.

What can be done, then, by individuals, functions, organizations, value chains, and even whole cities to integrate and align sustainability? In his book Integrated Management: How Sustainability Creates Value for Any Business (Emerald, 2018), Robert Sroufe answers this question. Sroufe considers the opportunity we have to enable an enterprise value proposition that includes environmental, social and governance (ESG) performance. Integrated management applies a proven strategic planning approach to uncover the tools and actions available for change management and performance measured with an Integrated Bottom Line (IBL). Using evidence based examples from best-in-practice enterprises, proven management tenets, models and tools alongside emerging technologies, we can develop integrated solutions aligned with the UN Sustainable Development Goals (SDGs).

Tricia Keffer ASLA, MLA Landscape Architecture with a design practice in the Florida Keys PlantsPeopleLove.com

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Tim Koller, "Valuation: Measuring and Managing the Value of Companies" (Wiley, 2020) Jul 09, 2020

How do you value something? It seems simple enough. Since the beginning of commerce thousands of years ago, people have been asserting the value of enterprises. Yet, the math and specific logic of that exercise is only about a century old.

For thirty of those years, Tim Koller and his colleagues at McKinsey, the consultancy, have been in the forefront of how to think about value and how to measure it. The first edition of Valuation: Measuring and Managing the Value of Companies (Wiley) came out in 1990; this is the seventh iteration, so Koller has been through numerous ups and downs.

His calm and cool reasoning should be required reading for all business managers and investors.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Caroline Stokes, "Elephants Before Unicorns: Emotionally Intelligent HR Strategies to Save Your Company" (Entrepreneur Press, 2019) Jul 09, 2020

How does avoidance of conflict ultimately create more conflict in the workplace?

Today I talked to Caroline Stokes, author of Elephants Before Unicorns: Emotionally Intelligent HR Strategies to Save Your Company (Entrepreneur Press, 2019)

Stokes is the CEO of FORWARD, and the podcast host of The Emotionally Intelligent Recruiter. She is an award-winning leadership coach and thinker, partnering with global leaders throughout their career and leadership cycle. Topics covered in this episode include:

• The emotions that inadvertently inspire the behavior of both push-over and bully bosses, and the likely emotional responses of their direct reports.

• How the risk of employee disengagement can get short-circuited before it happens.

• What are steps that can ensure a better on-boarding experience for the new employee, including CEO’s (whose turn-over rate is 50% within the first 18 months on the job).

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Peter J. Boettke, "Public Governance and the Classical-Liberal Perspective" (Oxford UP, 2019) Jul 06, 2020

Today I spoke with Professor Peter J. Boettke, co-author of Public Governance and the Classical-Liberal Perspective (Oxford University Press, 2019) with Paul Dragos Aligica and Vlad Tarko.

Dr Boettke is University Professor of Economics and Philosophy, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at George Mason University, USA.

In our conversation we defined the disciplines of Public Choice and Public Administration and we named the key actors of a very long intellectual debate. We discussed the practical relevance (for policymakers and taxpayers) of this debate in economics and we also addressed contemporary issues such as the management of the Covid-19 crisis and the institutional architecture of police forces in the USA.

The book is divided into three parts: Part I: A Distinctive Perspective on Governance: The Building Blocks; Part II: Public Choice and Public Administration: The Confluence; Part III: Framing the Applied Level: Themes, Issue Areas, and Cases.

The book challenges some of the most ingrained views about an important intellectual tradition in political and administrative sciences thinking. It aims to demonstrate that there are alternative ways of defending democracy and liberal open societies in a theoretically sophisticated and feasible way.

Building on the political economy principles underpinning the works of diverse authors such as Friedrich Hayek, James Buchanan and Vincent and Elinor Ostrom, this book challenges the technocratic-epistocratic perspective in which social goals are defined by an aggregated social function and experts simply provide the means to attain them.

The authors argue that individualism, freedom of choice, and freedom of association have deep implications on how we design, manage and assess our public governance arrangements. The book examines the knowledge and incentive problems associated with bureaucratic public administration while contrasting it with democratic governance.

This is a sophisticated, timely and important contribution that many will find interesting: economists, political scientists and policymakers.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in China. He is the co-convener of the EAEPE’s permanent track on Co-operative economy and collective ownership.

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Charlene Li, "The Disruption Mindset: Why Some Organizations Transform While Others Fail" (IdeaPress, 2019) Jul 02, 2020

What does it take for a company’s culture to enable ongoing growth?

Today I talked to Charlene Li, author of The Disruption Mindset: Why Some Organizations Transform While Others Fail (IdeaPress, 2019).

Li is the author of six books, including the New York Times bestseller, Open Leadership, and is also the co-author of Groundswell. She is the Founder and Senior Fellow at Altimeter, a research and consulting firm, as well as a graduate of Harvard College and Harvard Business School.

Topics covered in this episode include:

Five kinds of employees, and how that that model feeds into the four archetypes of disruptive leaders: steadfast managers, realist optimists, worried skeptics, and agent provocateurs.
How mid-size companies can avoid the “permafrost” layer that limits the flexibility of larger companies.
How is the challenge of being a disruptive leader different if you’re female or a minority member versus being a white male?

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Zachary Carter, "Price of Peace: Money, Democracy, and the Life of John Maynard Keynes" (Random House, 2020) Jun 30, 2020

Keynes was not only an economist but the preeminent anti-authoritarian thinker of the 20th century, one who devoted his life to the belief that art and ideas could conquer war and deprivation.

As a moral philosopher, political theorist, and statesman, Keynes led an extraordinary life that took him from intimate turn-of-the-century parties in London's Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, from stock market crashes on two continents to diplomatic breakthroughs in the mountains of New Hampshire to wartime ballet openings at London's extravagant Covent Garden.

Along the way, he reinvented Enlightenment liberalism to meet the harrowing crises of the 20th century and, in the United States, his ideas became both the foundation of a burgeoning economics profession and a flash point in the broader political struggle of the Cold War.

Part biography and part intellectual history, Price of Peace: Money, Democracy, and the Life of John Maynard Keynes(Random House, 2020) from journalist Zachary Carter puts Keynes’s thinking on democracy and the good life into the centre of his thought with transformative implications for today's debates over inequality and the politics that shape the global order.

Zachary D. Carter is a senior reporter at HuffPost, where he covers Congress, the White House, and economic policy.

Tim Jones is an economic and political-risk analyst at Medley Global Advisors (FT Group) in London.

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Pavlina Tcherneva, "The Case for a Job Guarantee" (Polity, 2020) Jun 29, 2020

One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false.

In this The Case for a Job Guarantee (Polity, 2020), Pavlina R. Tcherneva challenges us to imagine a world where the phantom of unemployment is banished and anyone who seeks decent, living-wage work can find it - guaranteed.

This is the aim of the Job Guarantee proposal: to provide a voluntary employment opportunity in public service to anyone who needs it. Tcherneva enumerates the many advantages of the Job Guarantee over the status quo and proposes a blueprint for its implementation within the wider context of the need for a Green New Deal.

Pavlina Tcherneva is Associate Professor at Bard College and Research Scholar at the Levy Economics Institute.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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E. Lonergan and M. Blyth, "Angrynomics" (Agenda/Columbia UP, 2020) Jun 18, 2020

How are we going to address inequality and put the economy on a sounder footing?

Today I talked to Eric Lonergan and Mark Blyth about their new book Angrynomics (Agenda Publishing/Columbia University Press, 2020).

Lonergan is an economist and macro fund manager in London whose writings often appear in The Financial Times. Blyth is a political economist at Brown University who received his PhD in political science from Columbia University.

Topics covered in this episode include:

--An exploration of how the emotions of anger, fear and disgust animate both the long-term economic stresses in society and those brought on by the Covid-19 crisis.

--What the differences are between moral outrage versus tribal outrage.

--Descriptions of three, potentially viable and game-changing solutions, including among them a “data dividend” and the creation of national wealth funds like those in Norway and beyond.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Marcia Chatelain, "Franchise: The Golden Arches in Black America" (Liveright, 2020) Jun 18, 2020

Franchise: The Golden Arches in Black America (Liveright, 2020) by Marcia Chatelain is a fascinating examination of the relationship between the fast-food industry, Black business owners, and the communities where they set up franchises after the Holy Week Uprisings of 1968.

Using McDonalds as a “prism” to study the expansion of the fast-food industry and the effects of Black capitalism, Franchise tells a complex origins story about Black franchisees and their reception in Black communities across the nation in Atlanta, Chicago, Portland, Cleveland, and Los Angeles after the classical phase of the Civil Rights Movement.

Chatelain ultimately exposes the limits of Black entrepreneurship to supplant state responsibility to create socially and economically reparative conditions in Black communities, while demonstrating how a range of progressive Black politicians and activists came to support Black entrepreneurship as a solution to widespread federal and municipal disinvestment from Black communities.

As Black franchise owners assisted the development of McDonalds into a wealthy and successful national brand, they also encountered glass-ceilings and discriminatory practices within McDonalds corporate and the larger business world despite their tremendous success compared to white counterparts. Chatelain traces these tensions and interconnections across political, business, and community stakeholders to explain how fast-food franchises ingratiated themselves into Black communities, while exasperating inequalities in Black America.

Francise teaches readers to be skeptical of corporate or market-driven solutions whether articulated as Black capitalism or “empowerment,” especially during and after moments of Black uprising.

Marcia Chatelain is a scholar, speaker, and strategist based in Washington, D.C. She teaches courses in African American life and culture at Georgetown University.

Amanda Joyce Hall is a Ph.D. Candidate in History and African American Studies at Yale University. She is writing an international history on the grassroots movement against South African apartheid during the 1970s and 1980s. She tweets from @amandajoycehall

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A Very Square Peg: A Podcast Series about Polymath Robert Eisler. Episode 2: Value Theory Jun 16, 2020

In this episode (# 2), we discuss Eisler’s early years as a member of the Jewish bourgeoisie in turn-of-the-century Vienna with historian Steven Beller. We also hear from the closest living relative of Robert Eisler, his grand-nephew Richard Regen. Philosopher Tom Hurka provides some background for understanding the arguments Eisler is making in Studies in Value Theory, especially his critiques of hedonism and aesthetic philosophy. Finally, we look at the events surrounding Eisler’s dramatic arrest and trial for attempted art theft in Udine in 1907 and discuss its short- and long-term consequences.

Voice of Robert Eisler: Caleb Crawford

Additional voices: Brian Evans

Editing and engineering: March Washelesky

Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and his Israeli Orchestra.

Guests: Steven Beller (independent scholar), Tom Hurka (Chancellor Henry N. R. Jackman Distinguished Professor of Philosophical Studies at the University of Toronto), Richard Regen (grand-nephew of Robert and Lili Eisler).

Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program.

Special thanks to the Warburg Institute, the Griffith Institute at the University of Oxford, and to the Friends Historical Library at Swarthmore College.

Bibliography and further reading:

-Beller, Steven, ed. Rethinking Vienna 1900. New York: Berghahn Books, 2012.

-Beller, Steven. Vienna and the Jews, 1867–1938: A Cultural History. New York: Cambridge University Press. 1989.

-Eisler, Robert. “The Empiric Basis of Moral Obligation.” Ethics, Vol. 59, No. 2, Part 1 (Jan., 1949), pp. 77-94.

-Eisler, Robert. “Der Wille zum Schmerz, Ein psychologisches Paradox.” Jahresbericht der Philosophischen Gesellschaft an der Universitat zu Wien (1904), pp. 63-79.

-Eisler, Robert. Studien zur Werttheorie. Leipzig: Verlag von Duncker & Humblot, 1902.

-Fabian, Reinhard and Peter M. Simons. “The Second Austrian School of Value Theory.” In Austrian Economics: Historical and Philosophical Background, ed. by Wolfgang Grassl and Barry Smith, pp. 29-78. Washington Square, NY: New York University Press, 1986.

-Frondzi, Risieri. What Is Value? An Introduction to Axiology. Second edition. La Salle, IL: Open Court Publishing Company, 1971.

-Grassl, Wolfgang. “Toward a Unified Theory of Value: From Austrian Economics to Austrian Philosophy.” Paper presented at 19th-20th Century Austrian Thought and its Legacy, November 1-3, 2012, University of Texas at Arlington.

Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu.

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Alberto Harambour, "Soberanías fronterizas: Estados y capital en la colonización de Patagonia" (EUAC, 2019) Jun 15, 2020

Alberto Harambour's new book Soberanías Fronterizas. Estados y capital en la colonización de Patagonia (Argentina y Chile, 1840s-1920s) (Universidad Austral de Chile, 2019) examines the explosion of foreign-owned sheep farming, the fitful expansion of Argentine and Chilean sovereignty, and the violence of primitive accumulation and genocide in southern Patagonia and Tierra del Fuego. Soberanías Fronterizas wrestles with the multiple and competing sovereignties articulated during the Age of Empire, Latin America’s export boom, and the dispossession of autonomous indigenous peoples through settler colonialism. It asks how, over the course of less than a century, this vast territory described by Europeans and outsiders as inhospitable, unknowable, and uninhabited, came to be a wildly profitable export enclave.

Harambous uncovers how foreign (predominantly British) capital came into possession of millions of hectares of land for sheep raising, effectively establishing sovereign control at the expense of the indigenous inhabitants, Chile, and Argentina. To do this, he reconstructs how foreign investors, merchants, and elites and politicians in Santiago and Buenos Aires built networks of corruption to facilitate land acquisitions, infrastructural improvements, and immigration of labourers. This process, however, was anything but smooth. It came through violence (extermination of Fueginos such as the Selknam, extreme military repression of labour movements, and sheep latifundista resistance to customs).

Jesse Zarley is assistant professor of history at Saint Joseph’s College on Long Island, where he teaches Latin American, Caribbean, and Global History. His research interests include the Mapuche, borderlands, ethnohistory, race, and transnationalism during Latin America’s Age of revolution, particularly in Chile and Río de la Plata. Heis the author of a recent article on Mapuche leaders and Chile’s independence wars. You can follow him on Twitter.

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Phil Harvey, "Welfare For The Rich" (Post Hill Press, 2020) Jun 09, 2020

In today’s ultra-polarized and highly partisan political environment, Welfare for the Rich: How Your Tax Dollars End Up in Millionaires' Pockets―And What You Can Do About It(Post Hill Press, 2020) is one of the rare books written to appeal to engaged and open-minded citizens from across the political spectrum.

Welfare for the Rich is the first book to describe and analyze the many ways that federal and state governments provide handouts—subsidies, grants, tax credits, loan guarantees, price supports, and many other payouts—to millionaires, billionaires, and the companies they own and run.

Welfare for millionaire farmers comes to more than $50 billion annually. Subsidies to giant corporations exceeds $100 billion. This shocking waste of taxpayer money is rigorously documented in Welfare for the Rich, along with the political action committees, and special interest groups that keep this distorted system going.

Many journalists, scholars, and activists have focused on one or more of these dysfunctional programs. A few of the most egregious examples have even become famous. But Welfare for the Rich is the first attempt to paint a comprehensive, easily accessible picture of a system largely designed by the richest Americans—through lobbyists, lawyers, political action committees, special interest groups, and other powerful influencers—with the specific goal of making sure the government keeps wealth and power flowing from the many to the few.

Phil Harvey is an entrepreneur who has founded a thriving business, a philanthropist who has created several important nonprofit organizations, and the author of five books.

Lisa Conyers is director of policy studies for the DKT Liberty Project.

Kirk Meighoo is a TV and podcast host, former university lecturer, author and former Senator in Trinidad and Tobago. He hosts his own podcast, Independent Thought & Freedom, where he interviews some of the most interesting people from around the world who are shaking up politics, economics, society and ideas. You can find it in the iTunes Store or any of your favorite podcast providers. You can also subscribe to his YouTube channel. If you are an academic who wants to get heard nationally, please check out his free training at becomeapublicintellectual.com.

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B. J. Pine II and J. H. Gilmore, "The Experience Economy: Competing for Customer Time, Attention, and Money" (HBR Press, 2020) Jun 04, 2020

How is the retail sector going to be best able to survive the Amazon juggernaut?

I address this question with B. Joseph Pine II and James H. Gilmore in a discussion of their book The Experience Economy: Competing for Customer Time, Attention, and Money (Harvard Business Review Press, 2020).

Pine and Gilmore are the cofounders of Strategic Horizons, LLP. Besides their other books and activities, Pine is a Lecturer at Columbia University and Gilmore teaches at Case Western Reserve University.

Topics covered in this episode include:

--What have been the relevant emotions in play as the economy has evolved across the four stage of commodities, goods, services, and now experiences and transformations alike.

--How is achieving “customer satisfaction” too limiting, and what’s the emotional storyline that, first, Walt Disney and now business leaders worldwide must embrace to survive and thrive.

--How does the emotional labor of employees being “on stage” as part of an experience square with workers’ and customers’ desire for authenticity.

For a transcript of this episode, click here.

Dan Hill, PhD, is the author of eight books and leads Sensory Logic, Inc. To check out his “Faces of the Week” blog, visit https://emotionswizard.com.

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Joshua Gans, "Economics in the Age of COVID-19" (MIT Press, 2020) Jun 04, 2020

The COVID-19 pandemic has unleashed a firehose of information (much of it wrong) and an avalanche of opinions (many of them ill-founded). Most of us are so distracted by the everyday awfulness that we don't see the broader issues in play. In this "hastily written" guide to the pandemic economy penned during self-isolation after a flight from Australia, economist Joshua Gans steps back from the short-term chaos to take a clear and systematic look at how economic choices are being made in response to COVID-19. Economics in the Age of COVID-19(MIT Press , 2020) shows that containing the virus and pausing the economy—without letting businesses fail and people lose their jobs—are the necessary first steps. He outlines the phases of the pandemic economy - containment to reset to recovery and enhancement - and warns against thinking in terms of a “tradeoff” between public health and economic health. Once the virus is contained, we will need to innovate come together to protect ourselves from future pandemics.

Tim Jones is an economic and political-risk analyst at Medley Global Advisors (FT Group) in London.

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Brian Greene, "Until the End of Time: Mind, Matter, and Our Search for Meaning in an Evolving Universe" (Random House, 2020) Jun 02, 2020

Brian Greene is a Professor of Mathematics and Physics at Columbia University in the City of New York, where he is the Director of the Institute for Strings, Cosmology, and Astroparticle Physics, and co-founder and chair of the World Science Festival. He is well known for his TV mini-series about string theory and the nature of reality, including the Elegant Universe, which tied in with his best-selling 2000 book of the same name. In this episode, we talk about his latest popular book Until the End of Time: Mind, Matter, and Our Search for Meaning in an Evolving Universe (Random House, 2020)

Until the End of Time gives the reader a theory of everything, both in the sense of a “state of the academic union”, covering cosmology and evolution, consciousness and computation, and art and religion, and in the sense of showing us a way to apprehend the often existentially challenging subject matter. Greene uses evocative autobiographical vignettes in the book to personalize his famously lucid and accessible explanations, and we discuss these episodes further in the interview. Greene also reiterates his arguments for embedding a form of spiritual reverie within the multiple naturalistic descriptions of reality that different areas of human knowledge have so far produced.

John Weston is a University Teacher of English in the Language Centre at Aalto University, Finland. His research focuses on academic communication. He can be reached at john.weston@aalto.fi and @johnwphd.

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Tyler Cowen, "Big Business: A Love Letter to an American Anti-Hero" (St. Martins, 2019) Jun 01, 2020

You mean big business is good, contributes to our general welfare, and is not generally guilty--with notable exceptions--of all of the charges made against it? That's the argument libertarian economist Tyler Cowen makes in his book Big Business: A Love Letter to an American Anti-Hero (St. Martins, 2019) Most NBN listeners will raise an eyebrow to that claim, but most of those same NBN listeners are up for a good back-and-forth on the virtues and demerits of our market system. And to that end, being familiar with Cowen's arguments--made in this book and his many other publications and platforms--is very useful. The shift in the reputational balance between government and big business as a result of the Covid-19 crisis is another reason to consider Cowen's argument.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Simon Bowmaker, "When the President Calls: Conversations with Economic Policymakers" (MIT Press, 2019) May 28, 2020

I spoke with Dr Simon Bowmaker, Professor of Economics at New York University, Stern School of Business. He has recently published When the President Calls: Conversations with Economic Policymakers (MIT Press, 2019).

His book is a very original and timely contribution on the relationship between US presidents and their economic advisers. The book, 674 pages, is divided into nine sections (one for each president from Nixon to Trump) and 35 chapters (one for each economic adviser of those nine presidents). The book covers 50 years of US history, 1969 to 2019 and is enriched by amazing pictures of the advisers ‘in action’ with their presidents.

What is it like to sit in the Oval Office and discuss policy with the president? To know that the decisions made will affect hundreds of millions of people? To know that the wrong advice could be calamitous? These 35 officials worked in the executive branch in a variety of capacities but all had direct access to the policymaking process and can offer insights about the difficult tradeoffs made on economic policy.

The interviews shed new light, for example, on the thinking behind the Reagan tax cuts, the economic factors that cost George H. W. Bush a second term, the constraints facing policymakers during the financial crisis of 2008, the differences in work styles between Bill Clinton and Barack Obama, and the Trump administration's early budget process.

We started our conversation talking about the origin of the book and its development. Simon explained how he managed to reach such an impressive number of interviewees. We then discussed the background of the advisers, their relationship with ‘their’ presidents and how they managed to receive their ‘call’. I have asked him if he thinks that in the 50 years covered by the book, the relationship between presidents and advisers has evolved in some direction. He offered a very interesting answer about the alternative sources that today politicians can use to make their own minds.

When the President Calls offers a unique, behind-the-scenes perspective on US economic policymaking. This is a great new book, original, well written, enjoyable. Many readers would find it interesting and helpful: to begin with, economists, historians, and politicians.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in China. He is the co-convener of the EAEPE’s permanent track on Co-operative economy and collective ownership.

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Yue Hou, "The Private Sector in Public Office: Selective Property Rights in China" (Cambridge UP, 2020) Apr 30, 2020

In China, roughly 60% of GDP and 80% of employment comes from the private sector – yet half of private entrepreneurs report that they faced expropriation of property by local governments. Yue Hou’s rich, detailed, and ambitious book documents how private entrepreneurs protect their property from expropriation by running for office – and using their public roles to advance their private economic interest. Entrepreneurs who hold local legislative seats can leverage their political status to deter predatory behavior by lower-level bureaucrats who fear retribution or punishment from the legislator’s political network. Joining local legislatures allows private owners to creatively build a system of selective – yet effective – property rights in the short (and maybe medium) term.

Hou’s research combines quantitative and qualitative methods including interviews with entrepreneurs, legislators, and audit experiments – in a political environment in which people are often risk-averse and politically sensitive. The book lays out the logic of selective property rights within authoritarian regimes, explores what entrepreneurs do once they hold legislative office, and how effective this strategy is for securing property rights (spoiler, it is effective).

The podcast concludes with Hou’s describing how private entrepreneurs have provided crisis relief for COVID-19 in China.

Susan Liebellis associate professor of political science at Saint Joseph’s University in Philadelphia. She is the author of Democracy, Intelligent Design, and Evolution: Science for Citizenship (Routledge, 2013).

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Howard Friedman, "Ultimate Price: The Value We Place on Life" (U California Press, 2020) Apr 30, 2020

Howard Friedman's new book Ultimate Price: The Value We Place on Life (University of California Press, 2020) should be required reading for anyone sitting down to watch the evening news. The Covid-19 crisis is, unfortunately, a new broad-based instance in the valuation of human life. And I do mean value: in terms of cash dollars. Ultimate Price covers the ways that companies, courts, nations, and individuals have come to put a price tag on individual existence. While the book was written prior to the current situation, it provides an excellent starting point to understand what we are observing as governments, companies, healthcare providers, and individuals make life-and-death decisions.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at http://www.strategicdividendinvestor.com

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Leslie M. Harris, "Slavery and the University: Histories and Legacies" (U Georgia Press, 2019) Apr 28, 2020

Slavery and the University: Histories and Legacies (University of Georgia Press, 2019), edited by Leslie M. Harris, James T. Campbell, and Alfred L. Brophy, is the first edited collection of scholarly essays devoted solely to the histories and legacies of this subject on North American campuses and in their Atlantic contexts. Gathering together contributions from scholars, activists, and administrators, the volume combines two broad bodies of work: (1) historically based interdisciplinary research on the presence of slavery at higher education institutions in terms of the development of proslavery and antislavery thought and the use of slave labor; and (2) analysis on the ways in which the legacies of slavery in institutions of higher education continued in the post–Civil War era to the present day.

The collection features broadly themed essays on issues of religion, economy, and the regional slave trade of the Caribbean. It also includes case studies of slavery’s influence on specific institutions, such as Princeton University, Harvard University, Oberlin College, Emory University, and the University of Alabama. Though the roots of Slavery and the University stem from a 2011 conference at Emory University, the collection extends outward to incorporate recent findings. As such, it offers a roadmap to one of the most exciting developments in the field of U.S. slavery studies and to ways of thinking about racial diversity in the history and current practices of higher education.

Today I spoke with Leslie Harris about the book. Dr. Harris is a professor of history at Northwestern University. She is the coeditor, with Ira Berlin, of Slavery in New York and the coeditor, with Daina Ramey Berry, of Slavery and Freedom in Savannah (Georgia).

Adam McNeil is a History PhD student at Rutgers University-New Brunswick.

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Thomas Piketty, "Capital and Ideology" (Harvard UP, 2020) Apr 21, 2020

It seems easier for us today to imagine the thoroughgoing deterioration of the earth and of nature than the breakdown of late capitalism; perhaps that is due to some weakness in our imaginations - Fredric Jameson, The Seeds of Time

Thomas Piketty, the French economist, was dubbed the modern Marx by The Economist in the wake of his bestselling Capital in the 21st Century, which presented historical data reaching back to the eighteenth century and focused on the dynamics of the distribution of wealth and income and the destabilizing force represented by: r > g – that is, the private rate of return on capital over time can be much higher than the rate of growth of income and output. Readers noted however, in addition to pointing out this ‘central contradiction of capitalism’ Professor Piketty was also clear that the purpose of social science is not to produce mathematical certainties that substitute for inclusive democratic debate. More importantly, he made the case for the progressive taxation of capital, and among many other things for going back to using the term ‘political economy’ for the field of economics – all of which did not render his analysis Marxist, although admittedly, the label made for more catchy magazine column titles in 2014.

Six years in the making Piketty has extended the hopeful reach of his analysis by including a much larger global sampling of historical data – not just Western market economies this time, and by expanding the focus to include the political and ideological in his comparative analysis of capital accumulation and ‘inequality regimes’. The professor does so with the same underlying optimism and realistic eye on promoting the social learning process in which we all find ourselves as individuals within various cultures and societies. Enter his expanded interdisciplinary contribution to comparative political economy – Capital and Ideology (Harvard University Press, 2020) – essential reading.

Thomas Piketty is a professor at the Paris School of Economics, and a Director of The School of Advanced Studies in Social Sciences.

Keith Krueger lectures at the SHU-UTS Business School in Shanghai.

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K. Aronoff, et al., "A Planet to Win: Why We Need a Green New Deal" (Verso, 2019) Apr 14, 2020

In early 2019, freshman representative Alexandria Ocasio Cortez and Senator Ed Markey proposed a bold new piece of legislation, now very well known as the Green New Deal. Intended as a means of combating climate change, it stunned a number of people due to its enormous ambition, including massive overhauls of our energy systems, as well as providing housing and healthcare for everyone. Naturally a piece of legislation this large raised a number of questions, which is what my guests today are here to discuss. I recently had the pleasure of talking with Kate Aronoff, Alyssa Battistoni, Daniel Aldana Cohen and Thea Riofrancos, the authors of A Planet to Win: Why We Need a Green New Deal (Verso, 2019). The book is short and accessible, written for everyone interested in understanding this vital piece of legislation, so if you are like me and you don’t understand the fine details of climate economics, you can still pick this up and gain a sense of what is to be done. The book also features a short forward by Naomi Klein, who has been tracking the relationship between economic and climate politics for some time.

Kate Aronoff (@KateAronoff) is a fellow at the Type Media Center and a Contributing Writer at the Intercept. She is the co-editor of We Own the Future and author of The New Denialism. Her writing has appeared in the Guardian, Rolling Stone, Harper’s, In These Times, and Dissent

Alyssa Battistoni (@alybatt) is a postdoctoral fellow at Harvard University and an editor at Jacobin. Her writing has appeared the Guardian, n+1, The Nation, Jacobin, In These Times, Dissent, and the Chronicle of Higher Education.

Daniel Aldana Cohen (@aldatweets) is an assistant professor of sociolgy at the University of Pennsylvania, where he directs the Socio-Spatial Climate Collaborative. His writing has appeared in the Guardian, Nature, The Nation, Jacobin, Public Books, Dissent, and NACLA.

Thea Riofrancos (@triofrancos) is an assistant professor of political science at Providence College, and is the author of Resource Radicals. Her writing has appeared in the Guardian, n+1, Jacobin, the Los Angeles Review of Books, Dissent, and In These Times. She serves on the steering committee of DSA’s Ecosocialist Working Group.

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Katharina Pistor, "The Code of Capital: How the Law Creates Wealth and Inequality" (Princeton UP, 2019) Apr 02, 2020

"Most lawyers, most actors, most soldiers and sailors, most athletes, most doctors, and most diplomats feel a certain solidarity in the face of outsiders, and, in spite of other differences, they share fragments of a common ethic in their working life, and a kind of moral complicity."

– Stuart Hampshire, Justice is Conflict.

There are many more examples of professional solidarity, however fragmented and tentative, sharing the link of a common ethic that helps make systems, and the analysis of them, possible in the larger political economy. Writing from a law professor’s vantage point, Katharina Pistor, in her new book, The Code of Capital: How the Law Creates Wealth and Inequality (Princeton University Press, 2019) explains how even though law is a social good it has been harnessed as a private commodity over time that creates private wealth, and plays a significant role in the increasing disparity of financial outcomes.

As she points out in this interview, and her chapter ‘Masters of the Code’, it is ‘critical to have lawyers in the room’, and they clearly have the lead role in her well-researched and nuanced thesis centered on the decentralized institution of private law. Professor Pistor builds on Rudden’s ‘feudal calculus’ providing the long view of legal systems in maintaining and creating wealth and draws on historical analogies including the enclosure movements as she interweaves her analysis of capital asset creation with a broader critique of professional and institutional agency. Polanyi and Piketty figure into Pistor’s analysis among many others, as does the help of the state’s coercive backing as she draws on the breadth of her own governance research and analysis of the collapsed socialist regimes in the 1990s, and a research pivot toward western market economies following the 2008 Global Financial Crisis.

Professor Pistor is a comparative scholar with a keen interdisciplinary eye for the relationship between law, values, and markets, dovetailing larger concepts with detailed descriptions of the coding of ‘stocks, bonds, ideas, and even expectations—assets that exist only in law.’ All of which informs her inquiry into why some legal systems have been more accommodating to capital’s coding cravings and others less so, as she describes the process by which capital is created. She moves beyond legal realism’s less granular critiques, and as reviewers such as Samuel Moyn have suggested – this book ‘deserves to be the essential text of any movement today that concerns itself with law and political economy’.

Katharina Pistor is the Edwin B. Parker Professor of Comparative Law, and the Director of the Center on Global Legal Transformation at Columbia Law School.

Keith Krueger lectures at the SHU-UTS Business School in Shanghai.

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Matt Cook, "Sleight of Mind: 75 Ingenious Paradoxes in Mathematics, Physics, and Philosophy" (MIT Press, 2020) Mar 30, 2020

Paradox is a sophisticated kind of magic trick. A magician's purpose is to create the appearance of impossibility, to pull a rabbit from an empty hat. Yet paradox doesn't require tangibles, like rabbits or hats. Paradox works in the abstract, with words and concepts and symbols, to create the illusion of contradiction. There are no contradictions in reality, but there can appear to be. In Sleight of Mind: 75 Ingenious Paradoxes in Mathematics, Physics, and Philosophy (MIT Press, 2020), Matt Cook and a few collaborators dive deeply into more than 75 paradoxes in mathematics, physics, philosophy, and the social sciences. As each paradox is discussed and resolved, Cook helps readers discover the meaning of knowledge and the proper formation of concepts―and how reason can dispel the illusion of contradiction.

The journey begins with “a most ingenious paradox” from Gilbert and Sullivan's Pirates of Penzance. Readers will then travel from Ancient Greece to cutting-edge laboratories, encounter infinity and its different sizes, and discover mathematical impossibilities inherent in elections. They will tackle conundrums in probability, induction, geometry, and game theory; perform “supertasks”; build apparent perpetual motion machines; meet twins living in different millennia; explore the strange quantum world―and much more.

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Andrew Leigh, "Randomistas: How Radical Researchers Are Changing Our World" (Yale UP, 2018) Mar 26, 2020

From the unending quest to turn metal into gold to the major discoveries that reveal how the universe works, experiments have always been a critical part of the hard sciences. In recent decades social scientists have started to catch up and the results are shifting the way we do nearly everything. Randomized control trials, called RCT’s, have a logic so simple that anyone can understand how they work and even run them themselves. It’s simple. You come up with an idea to get something to happen. You take a group of subjects and randomly split it in half. You try your idea on one group and leave the other group alone. The difference in outcomes will tell you if your idea works or not.

In Randomistas: How Radical Researchers Are Changing Our World (Yale University Press, 2018), Andrew Leigh demonstrated the impact that social scientists are making with this powerful tool. From opportunity experiments to changing your socks, researchers are putting old ideas to the test and finding out what works and what doesn’t. The book reads like a series of interesting examples places beautifully together to shed light on how it is that we can be better at finding out what we do and do not know.

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Ahmet T. Kuru, "Islam, Authoritarianism, and Underdevelopment: A Global and Historical Comparison" (Cambridge UP, 2019) Mar 25, 2020

Ahmet T. Kuru’s new book Islam, Authoritarianism and Underdevelopment, A Global and Historical Comparison (Cambridge University Press, 2019) is a ground-breaking history and analysis of the evolution of the state in Muslim countries. Thoroughly researched and accessibly written, Kuru’s work traces the template of the modern-day state in many Muslim-majority countries to fundamental political, social and economic changes in the 11th century. That was when Islamic scholars who until then had by and large refused to surrender their independence to the state were co-opted by Muslim rulers. It was a time when the merchant class lost its economic clout as the Muslim world moved from a mercantile to a feudal economy. Religious and other scholars were often themselves merchants or funded by merchants.

The transition coincided with the rise of the military state legitimized by religious scholars who had little choice but to go into its employ. They helped the state develop a forced Sunni Muslim orthodoxy based on text rather than reason- or tradition based interpretation of Islam with the founding of madrassahs or religious seminaries that were designed to counter the rise of Shiite states in North Africa and counter less or unorthodox strands of the faith. Kuru’s history could hardly be more relevant. It lays bare the roots of modern-day, illiberal, authoritarian or autocratic states in the Muslim world that are characterized by some form of often rent-driven state capitalism and frequently expansionary in their effort to ensure regime survival and increase rents.

These states feature education systems that fail to develop critical thinking and religious establishments that are subservient to their rulers. Kuru’s book also in effect describes one of the original sources of the civilizational state that has become a fixture in the struggle to shape a new world order. With his book, Kuru has made an invaluable contribution to the understanding of the stagnation as well as the turmoil that has swept the Middle East and North Africa as well as the wider Islamic world.

James M. Dorsey is a senior fellow at Nanyang Technological University S. Rajaratnam School of International Studies and the National University of Singapore’s Middle East Institute.

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Amr Khafagy, "The Economics of Financial Cooperatives" (Routledge, 2019) Mar 17, 2020

I spoke with Dr. Amr Khafagy about his recent book The Economics of Financial Cooperatives (Routledge, 2019). Amr is Research Assistant at the Countryside and Community Research Institute of the University of Gloucestershire.

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones.

Amr's current main research interests include rural finance and agricultural productivity, financial markets and distribution, income inequality, and the political economy of the Middle East. His previously worked in microfinance in Egypt and India, where he was involved in designing and evaluating rural finance projects, and worked with a range of stakeholders, including farmers and rural households, government representatives/ministry officials, as well as central bank of Egypt and financial institutions.

The book is a useful contribution to the study of a typology of firm that is more important in our markets than generally believed. The empirical work by Amr is very original and helpful because it observed the relationship between the presence of financial cooperatives and income inequality in our economies.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Megan T. Neely and Ken Hou-Lin, "Divested: Inequality in the Age of Finance" (Oxford UP, 2020) Mar 11, 2020

Megan Tobias Neely and Ken Hou-Lin's new book Divested: Inequality in the Age of Finance (Oxford University Press, 2020) explores the rise of finance in American life over the last forty years and its implications for American workers, families, and economies. The authors argue that finance has transformed from a servant to the economy to its master - from a means of creating a prosperous society to an end in itself. The consequences of this shift are profound: the authors identify the many ways finance is implicated in the yawning growth in inequality in the US and how a financialized society redistributes resources from working people to owners, executives, and financial professionals. Using historical analysis, quantitative and qualitative data, the book offers a clear, comprehensive, and compelling account of one of the most important economic developments of our time.

Patrick Sheenan is a graduate student in the Department of Sociology at the University of Texas, Austin.

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Richard Pomfret, "The Central Asian Economies in the Twenty-First Century" (Princeton UP, 2019) Feb 27, 2020

Richard Pomfret’s The Central Asian Economies in the Twenty-First Century (Princeton University Press, 2019) looks at the economies of the five former Soviet Republics of Kazkahstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, considering the different trajectories of each of the countries. The book provides an overview of the experience of these economies in the 1990s, before looking specifically at each of the independent countries. The book’s final chapters look at problems of regional cooperation and global trade, as well as the influence and impact of major world powers (China, Russia, the EU, and the United States) on Central Asia. This book is useful reading for scholars, diplomats, policy-makers, and anyone else with an active interest in international politics and economy.

Nicholas Seay is a PhD candidate at The Ohio State University.

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Phillipa Chong, “Inside the Critics’ Circle: Book Reviewing in Uncertain Times” (Princeton UP, 2020) Feb 25, 2020

How does the world of book reviews work? In Inside the Critics’ Circle: Book Reviewing in Uncertain Times (Princeton University Press, 2020), Phillipa Chong, assistant professor in sociology at McMaster University, provides a unique sociological analysis of how critics confront the different types of uncertainty associated with their practice. The book explores how reviewers get matched to books, the ethics and etiquette of negative reviews and ‘punching up’, along with professional identities and the future of criticism. The book is packed with interview material, coupled with accessible and easy to follow theoretical interventions, creating a text that will be of interest to social sciences, humanities, and general readers alike.

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Robert Frank, "Under the Influence: Putting Peer Pressure to Work" (Princeton UP, 2020) Feb 17, 2020

Psychologists have long understood that social environments profoundly shape our behavior, sometimes for the better, often for the worse. But social influence is a two-way street―our environments are themselves products of our behavior. Under the Influence explains how to unlock the latent power of social context. It reveals how our environments encourage smoking, bullying, tax cheating, sexual predation, problem drinking, and wasteful energy use. We are building bigger houses, driving heavier cars, and engaging in a host of other activities that threaten the planet―mainly because that's what friends and neighbors do.

In the wake of the hottest years on record, only robust measures to curb greenhouse gases promise relief from more frequent and intense storms, droughts, flooding, wildfires, and famines. In Under the Influence: Putting Peer Pressure to Work (Princeton UP, 2020), Robert H. Frank describes how the strongest predictor of our willingness to support climate-friendly policies, install solar panels, or buy an electric car is the number of people we know who have already done so. In the face of stakes that could not be higher, the book explains how we could redirect trillions of dollars annually in support of carbon-free energy sources, all without requiring painful sacrifices from anyone.

Most of us would agree that we need to take responsibility for our own choices, but with more supportive social environments, each of us is more likely to make choices that benefit everyone. Under the Influence shows how.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A Peoples History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Robert Frank, "Under the Influence: Putting Peer Pressure to Work" (Princeton UP, 2020) Feb 17, 2020

Psychologists have long understood that social environments profoundly shape our behavior, sometimes for the better, often for the worse. But social influence is a two-way street―our environments are themselves products of our behavior. Under the Influence explains how to unlock the latent power of social context. It reveals how our environments encourage smoking, bullying, tax cheating, sexual predation, problem drinking, and wasteful energy use. We are building bigger houses, driving heavier cars, and engaging in a host of other activities that threaten the planet―mainly because that's what friends and neighbors do.

In the wake of the hottest years on record, only robust measures to curb greenhouse gases promise relief from more frequent and intense storms, droughts, flooding, wildfires, and famines. In Under the Influence: Putting Peer Pressure to Work (Princeton UP, 2020), Robert H. Frank describes how the strongest predictor of our willingness to support climate-friendly policies, install solar panels, or buy an electric car is the number of people we know who have already done so. In the face of stakes that could not be higher, the book explains how we could redirect trillions of dollars annually in support of carbon-free energy sources, all without requiring painful sacrifices from anyone.

Most of us would agree that we need to take responsibility for our own choices, but with more supportive social environments, each of us is more likely to make choices that benefit everyone. Under the Influence shows how.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A Peoples History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Jodie Adams Kirshner, "Broke: Hardship and Resilience in a City of Broken Promise" (St. Martin's Press, 2019) Feb 07, 2020

In her new book Broke: Hardship and Resilience in a City of Broken Promise (St. Martin's Press, 2019), Jodie Adams Kirshner tells the story of the people of Detroit before, during, and after its bankruptcy, offering lessons about urban governance, post-industrial economics, development, and the usefulness of bankruptcy itself as a tool to aid U.S. cities. Join us to hear the fascinating, infuriating, and heartbreaking stories of Detroiters struggling to build better lives for themselves and their neighborhoods.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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R. Scott Huffard, Jr., "Redemption: Railroads and the Reconstruction of Capitalism in the New South" (UNC Press, 2019) Feb 05, 2020

R. Scott Huffard Jr. is the author of Engines of Redemption: Railroads and the Reconstruction of Capitalism in the New South, published by the University of North Carolina Press in 2019. Engines of Redemption is a fascinating history of capitalism in the South, which tells the story of how railroads revitalized the region following the Civil War. Huffard examines the myriad of was that railroads were used to secure political and economic growth and power in the South throughout the Reconstruction era. Railroads, however, were not always seen as a blessing, and Huffard pays close attention to how the rapid southern growth of the locomotive was accompanied by rising anxieties, from race to disease.

R. Scott Huffard Jr. is Assistant Professor of History at Lees-McRae College.

Derek Litvak is a Ph.D. student in the department of history at the University of Maryland.

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Christopher Frank, "Workers, Unions and Payments in Kind: The Fight for Real Wages in Britain, 1820-1914" (Routledge, 2020) Feb 05, 2020

The passage of the 1831 Truck Act was intended to end throughout the United Kingdom the practice of paying employees in truck, or goods, rather than in money. As Christopher Frank reveals in Workers, Unions and Payments in Kind: The Fight for Real Wages in Britain, 1820-1914(Routledge, 2019), though, this merely redefined a struggle that continued through the Victorian era into the early 20th century. As Frank demonstrates, employers soon developed ways to work around the ban in the law, which proved difficult to enforce. While as early as the 1850s governments considered new legislation to clamp down further on truck, efforts to do so ran into both laissez-faire and paternalistic arguments that together successfully frustrated passage of new measures. It was only with the increasing influence of the New Model Unions and the growing enfranchisement of workers from the 1860s onward that the issue became more of an electoral priority. While this pressure led to new legislation in 1887 and again in 1896 that improved enforcement of the ban on truck as well as introducing restrictions on fines and other pay deductions, concerns about wage theft persisted for workers up to the start of the First World War, when Britain’s entry into the conflict disrupted further pursuit of legislative amelioration.

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K. Linder et al., "Going Alt-Ac: A Guide to Alternative Academic Careers" (Stylus Publishing, 2020) Jan 30, 2020

If you’re a grad student facing the ugly reality of finding a tenure-track job, you could easily be forgiven for thinking about a career change. However, if you’ve spent the last several years working on a PhD, or if you’re a faculty member whose career has basically consisted of higher ed, switching isn’t so easy. PhD holders are mostly trained to work as professors, and making easy connections to other careers is no mean feat. Because the people you know were generally trained to do the same sorts of things, an easy source of advice might not be there for you.

Thankfully, for anybody who wishes there was a guidebook that would just break all of this down, that book has now been written. Going Alt-Ac: A Guide to Alternative Academic Careers (Stylus Publishing, 2020) by Kathryn E. Linder, Kevin Kelly, and Thomas J. Tobin offers practical advice and step-by-step instructions on how to decide if you want to leave behind academia and how to start searching for a new career. If a lot of career advice is too vague or too ambiguous, this book corrects that by outlining not just how to figure out what you might want to do, but critically, how you might go about accomplishing that.

Zeb Larson is a recent graduate of The Ohio State University with a PhD in History. His research deals with the anti-apartheid movement in the United States. To suggest a recent title or to contact him, please send an e-mail to zeb.larson@gmail.com.

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William Callison and Zachary Manfredi, "Mutant Neoliberalism: Market Rule and Political Rupture" (Fordham UP, 2020) Jan 24, 2020

The neoliberal consensus, once thought to be undefeatable, seems to have been broken both in the wake of the fiscal crisis of 2008, as well as a series of surprise movements and elections throughout the world in the last several years. But many scholars argue that it remains alive and well, just in a changed, mutated form. This is the theme that motivates the recent anthology Mutant Neoliberalism: Market Rule and Political Rupture (Fordham University Press, 2020). The book features ten essay by a cast of writers covering the ways in which neoliberalism is mutating to stay alive in a changing environment.

William Callison is a visiting assistant professor of Government and Law at Lafayette College. Zachary Manfredi is an Equal Justice Works Fellow at the Asylum Seeker Advocacy Project.

Stephen Dozeman is a freelance writer.

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Ian Wray, "No Little Plans: How Government Built America’s Wealth and Infrastructure" (Routledge, 2019) Jan 23, 2020

Is planning for America anathema to the pursuit of life, liberty and happiness? Is it true, as thinkers such as Friedrich Von Hayek, Milton Friedman, and Ayn Rand have claimed, that planning leads to dictatorship, that the state is economically inefficient, and that prosperity is owed primarily to the workings of a free market? To answer these questions Ian Wray’s book goes in search of an America shaped by government, plans and bureaucrats, not by businesses, bankers and shareholders. He demonstrates that government plans did not damage American wealth. On the contrary, they built it, and in the most profound ways.

In three parts, No Little Plans: How Government Built America’s Wealth and Infrastructure (Routledge, 2019) is an intellectual roller coaster. Part I takes the reader downhill, examining the rise and fall of rational planning, and looks at the converging bands of planning critics, led on the right by the Chicago School of Economics, on the left by the rise of conservation and the ‘counterculture’, and two brilliantly iconoclastic writers – Jane Jacobs and Rachel Carson.

In Part II, eight case studies take us from the trans-continental railroads through the national parks, the Federal dams and hydropower schemes, the wartime arsenal of democracy, to the postwar interstate highways, planning for New York, the moon shot and the creation of the internet. These are stories of immense government achievement.

Part III looks at what might lie ahead, reflecting on a huge irony: the ideology which underpins the economic and political rise of Asia (by which America now feels so threatened) echoes the pragmatic plans and actions which once secured America’s rise to globalism.

Ian Wray is Visiting Professor in Civic Design and Heseltine Institute Fellow at the University of Liverpool. He is a Fellow of the Academy of Social Sciences and Vice Chair of World Heritage UK.

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Safi Bahcall, "Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries" (St. Martins, 2019) Jan 21, 2020

Safi Bahcall's Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries(St. Martin's Press, 2019) reveals a surprising new way of thinking about the mysteries of group behavior that challenges everything we thought we knew about nurturing radical breakthroughs.

Bahcall, a physicist and entrepreneur, shows why teams, companies, or any group with a mission will suddenly change from embracing new ideas to rejecting them, just as flowing water will suddenly change into brittle ice. Mountains of print have been written about culture. Loonshots identifies the small shifts in structure that control this transition, the same way that temperature controls the change from water to ice.

Using examples that range from the spread of fires in forests to the hunt for terrorists online, and stories of thieves and geniuses and kings, Bahcall shows how a new kind of science can help us become the initiators, rather than the victims, of innovative surprise.

Over the past decade, researchers have been applying the tools and techniques of this new science―the science of phase transitions―to understand how birds flock, fish swim, brains work, people vote, diseases erupt, and ecosystems collapse. Loonshots is the first to apply this science to the spread of breakthrough ideas. Bahcall distills these insights into practical lessons creatives, entrepreneurs, and visionaries can use to change our world.

Along the way, readers will learn what James Bond and Lipitor have in common, what the movie Enigma Game got wrong about WWII, and what really killed Pan Am, Polaroid, and the Qing Dynasty.

Cody Gough and Ashley Hamer are the hosts of the excellent podcast Curiosity Daily. Subscribe to Curiosity Daily here.

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Wendy Bottero, "A Sense of Inequality" (Roman and Littlefield, 2020) Jan 20, 2020

How should we understand inequality? In A Sense of Inequality(Roman and Littlefield, 2020), Wendy Bottero, a Reader in Sociology at the University of Manchester offers a detailed and challenging new approach to how we conceive of, how we study, and how we might challenge, social inequality. The book contends we need a new approach to the everyday subjective experience of inequality, appreciating people’s constrained resistance to often highly unequal social situations. Whilst never downplaying the reality of inequality, the book challenges social theories that ignore everyday practices in explanations of the persistence of inequality. Empirically detailed, with extensive global examples, as well as theoretically rich, the book is essential reading across the social sciences.

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Alice Hill, "Building a Resilient Tomorrow: How to Prepare for the Coming Climate Disruption" (Oxford UP, 2019) Jan 10, 2020

Climate change impacts-more heat, drought, extreme rainfall, and stronger storms-have already harmed communities around the globe. Even if the world could cut its carbon emissions to zero tomorrow, further significant global climate change is now inevitable. Although we cannot tell with certainty how much average global temperatures will rise, we do know that the warming we have experienced to date has caused significant losses, and that the failure to prepare for the consequences of further warming may prove to be staggering.

Building a Resilient Tomorrow: How to Prepare for the Coming Climate Disruption (Oxford University Press, 2019), edited by Alice C. Hill and Leonardo Martinez-Diaz, does not dwell on overhyped descriptions of apocalyptic climate scenarios, nor does it travel down well-trodden paths surrounding the politics of reducing carbon emissions. Instead, it starts with two central facts: climate impacts will continue to occur, and we can make changes now to mitigate their effects. While squarely confronting the scale of the risks we face, this pragmatic guide focuses on solutions-some gradual and some more revolutionary-currently being deployed around the globe. Each chapter presents a thematic lesson for decision-makers and engaged citizens to consider, outlining replicable successes and identifying provocative recommendations to strengthen climate resilience.

Between animated discussions of ideas as wide-ranging as managed retreat from coastal hot-zones to biological approaches for resurgent climate-related disease threats, Hill and Martinez-Diaz draw on their personal experiences as senior officials in the Obama Administration to tell behind-the-scenes stories of what it really takes to advance progress on these issues. The narrative is dotted with tales of on-the-ground citizenry, from small-town mayors and bankers to generals and engineers, who are chipping away at financial disincentives and bureaucratic hurdles to prepare for life on a warmer planet. For readers exhausted by today's paralyzing debates on yearly "fluke" storms or the existence of climate change, Building a Resilient Tomorrow offers better ways to manage the risks in a warming planet, even as we work to limit global temperature rise.

Beth Windisch is a national security practitioner. You can tweet her @bethwindisch.

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H. Appel, S. Whitley, C. Kline, "The Power of Debt: Identity and Collective Action in the Age of Finance" (Institute on Inequality and Democracy, 2019) Jan 07, 2020

As the upcoming 2020 U.S. election finally brings questions of economic justice center stage, this episode discusses the powerful short open-source book The Power of Debt: Identity and Collective Action in the Age of Finance(Institute on Inequality and Democracy, 2019). The book was published by the Institute on Inequality and Democracy in 2019 and coauthored by Prof. Hannah Appel of UCLA, Sa Whitley, a Ph.D. candidate in Gender Studies at UCLA, and Caitlin Kline, advisor to the Securities and Exchange Commission on derivatives enforcement issues. The book focuses on the urgent problem of staggering economic inequality through the lens of mass indebtedness. After assessing the grim situation - stagnating wages, historic levels of household debt, and the impossibility of accessing the means of life without debt - the authors ask whether we can organize against the injustices of debt as debtors as we once did against oppressive workplaces as workers. What goes into producing a politically salient identity category such as debtor? What do actual examples of debtor organizing tell us about the promises and perils of debtor organizing? What does it take to challenge the power of big banks and mighty investors? As an example, we discuss the strike that I am currently on with Harvard Graduate Students Union, speculating on how labor uprisings could benefit from concerted coalition building with debtors. At Harvard, undergraduates are saddled with unrepayable loans so they can access an education provided by grad students saddled with unpayable rents and bills - if the two groups could unite, what would be possible? In our conversation, Prof. Hannah Appel answered these questions amongst many others in a refreshingly spirited yet accessible style. A must-listen for scholars, organizers, and citizens concerned with economic inequality and possibilities for mobilization.

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Raj Patel, "A History of the World in Seven Cheap Things" (U California Press, 2017) Jan 07, 2020

Award winning activist and researcher Raj Patel has teamed up with innovative environmental historian and historical geographer Jason W. Moore to produce an accessible book which provides historical explanations for the world ecological crises and the global crisis in capitalism. Using the framework of "cheapness," A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet (University of California Press, 2017) takes the reader through the long history of the search for lower production costs, extending from European colonial conquests in the fifteenth century up to present agroindustrial systems. This quest for cheapness originated with European colonists' desire to separate Society—themselves—from Nature—everything else. All forms of "Nature" were categorized by colonist and capitalists so that they could be efficiently used for production. Human beings were often included in this contrived category of Nature. Colonized people, the indigenous, women, and brown people were considered akin to non-human nature. In the process of employing cheapness as a "strategy" across space and time, colonial and capitalist powers have devastated land, destroyed indigenous populations, and exploited workers. Resistance to cheapness is described in the book too, but in Moore and Patel's depiction of the modern world, this resistance seems insignificant compared to the power and momentum of the cheapness strategy. The refusal to pay the true costs of production eventually led to crises because nature was cheap, but never free; debts mounted. “The modern world happened” according to Patel and Moore, “because externalities struck back” (21). Global warming is the best example of these debts but the book exposes many others.

To engage as broad of an audience as possible, the book is structured in a simple way making it useful for researchers, a general audience, and as a teaching text. The introduction begins with the example of the chicken nugget, the production of which exemplifies all seven "cheap things." The chapter then gives an outline of the argument. After the introduction, the reader is walked through relatively self-contained chapters on each of the seven cheap things: cheap nature, cheap money, cheap work, cheap care, cheap food, cheap energy, and cheap lives. Any chapter can be read in isolation as an example of how the concept of cheapness works in different ecological and economic realms but together they give the reader an understanding of the encompassing and destructive power of "cheapness." As Patel explains in the interview, the book was designed to engage an "intersectional" activist audience. Those interested in indigenous rights, class, race, and ecological issues will all find something interesting, and likely infuriating, in this book.

Readers might be disappointed by the brevity of the conclusion however, which attempts to offer some solutions to current global crises. Here Patel and Moore lay out the basic structure for a "reparations ecology" that calls for profound changes, not simply in world economic and political relations, but in humans' attitude towards nature, both human and non-human forms. Hopefully Patel and Moore will elaborate further on the important concept of reparations ecology in their future works. In the meantime, anyone interested in the origins of the most pressing problems facing humanity today must give Patel and Moore's thesis serious consideration.

Jason L. Newton is a visiting assistant professor of history at Cornell University. His book manuscript, Cutover Capitalism: The Industrialization of the Northern Forest, 1850-1950, is a history of the changing types of labor performed by people, trees, and the landscape in the American Northeast as that area industrialized. He has also published on nature, race, and immigration. He teaches classes on labor and the environment.

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John Danaher, "Automation and Utopia: Human Flourishing in a World without Work" (Harvard UP, 2019) Jan 02, 2020

The future is a constant focus of anxiety, and we are all familiar with the pressures that come distinctively from automation – the transformation by which tasks formerly assigned to humans come to be performed by machines. These days, the stakes seem to be higher, as technology now seems poised to render nearly all human labor obsolete. What lies in store for us, and for the flourishing and meaning of our lives, once technology has relieved humans of the need to work?

In Automation and Utopia: Human Flourishing in a World without Work (Harvard University Press, 2019), John Danaher explores the issues facing us as we confront our own obsolescence. He defends the idea that a workless future is not only possible, but possibly utopian.

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Joshua Specht, "Red Meat Republic: A Hoof-to-Table History of How Beef Changed America" (Princeton UP, 2019) Dec 30, 2019

Why do Americans eat so much beef? In Red Meat Republic: A Hoof-to-Table History of How Beef Changed America (Princeton University Press, 2019), the historian Joshua Specht provides a history that shows how our diets and consumer choices remain rooted in nineteenth century enterprises. A century and half ago, he writes, the colonialism and appropriation of indigenous lands enabled the expansion of western ranch outfits. These corporate ranchers controlled loose commodity chains, until powerful corporate meat packers in Chicago seized the economic order through the tools of modern capitalism (scientific management, standardization, labor suppression). These capitalists expanded the supply chains to far-flung consumers in New York and around the globe. But as meat became a staple of the American diet, and measure of progress, consumers cared more about the price and taste than the violence to people, animals, and environment behind the scenes. “America made modern beef” Specht writes, “at the same time that beef made America modern.”

Ryan Driskell Tate is a Ph.D. candidate in American history at Rutgers University. He is completing a book on fossil-fuels and energy development in the American West. He teaches courses on modern US history, environmental history, and histories of labor and capitalism. @rydriskelltate

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Joshua Sperber, "Consumer Management in the Internet Age: How Customers Became Managers in the Modern Workplace" (Lexington, 2019) Dec 16, 2019

In Consumer Management in the Internet Age: How Customers Became Managers in the Modern Workplace (Lexington Books, 2019), Joshua Sperber analyzes online consumer management, a practice in which customers monitor, report on, and—sometimes unwittingly—discipline workers through writing and posting online reviews. Sperber uses case studies of the websites Yelp and Rate My Professors (RMP), to explore how online reviewing, a popular contemporary hobby, tells us much about the collapse of the barriers separating work and leisure as well as our need for collective purpose and community wherever we can find it. This book explores the economic implications of online reviews, as reviews provide both valuable free content for websites and surveillance of, respectively, restaurant servers and college instructors.

Rebekah Buchanan is an Assistant Professor of English at Western Illinois University. Her work examines the role of narrative–both analog and digitalin peoples lives. She is interested in how personal narratives produced in alternative spaces create sites that challenge traditionally accepted public narratives. She researches zines, zine writers and the influence of music subcultures and fandom on writers and narratives. You can find more about her on her website, follow her on Twitter @rj_buchanan or email her at rj-buchanan@wiu.edu.

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Miriam Driessen, "Tales of Hope, Tastes of Bitterness: Chinese Road Builders in Ethiopia" (Hong Kong UP, 2019) Dec 13, 2019

I met Dr Miriam Driessen at Oxford University where she works at the China Centre. We spoke about her wonderful new book Tales of Hope, Tastes of Bitterness: Chinese Road Builders in Ethiopia (Hong Kong University Press, 2019). Through unprecedented ethnographic research among Chinese road builders in Ethiopia, Driessen finds that the hope of sharing China’s success with developing countries soon turns into bitterness, as Chinese workers perceive a lack of support and appreciation from Ethiopian laborers and local institutions. The bitterness is compounded by their position at the margins of Chinese society, suspended as they are between China and Africa and between a poor rural background and a precarious urban future. Workers’ aspirations and predicaments reflect back on a Chinese society in flux as well as China’s shifting place in the world.

I started our conversation asking a short introduction on her background and the origin of the book. We mentioned the influence on her research of the work by C.K. Lee and particularly the book Against the Law. Miriam explained how she ended studying the Ethiopian case and road construction over other sectors. We then moved to her findings on the resistance and agency of African workers and the ‘hopes and bitterness’ of the Chinese workers. We discussed how it is possible to identify different classes among Chinese workers in Ethiopia (as well as in China) and the varieties of migrants, each with different background, ambitions, working conditions and destiny.

We concluded our conversation addressing the controversial topic of China’s presence in Africa and whether this should be defined as neo-colonialism or not. Revealing the intricate and intimate dimensions of these encounters, Driessen conceptualizes how structures of domination and subordination are reshaped on the ground. The book skillfully interrogates micro-level experiences and teases out how China’s involvement in Africa is both similar to and different from historical forms of imperialism.

Miriam also told us about her new project as she is about to move to Ethiopia for another year of fieldwork. Thanks to her bright anthropological skills and her ability to communicate in both Amharic and Chinese, it will be yet another amazing scholarly contribution.

Miriam Driessen is an anthropologist and a writer of literary nonfiction in English and her native Dutch. She is currently a Postdoctoral Research Associate within the China, Law and Development Project, hosted by the University of Oxford China Centre. Miriam completed a DPhil at the School of Anthropology and Museum Ethnography at Oxford (2014/15), and held a fellowship at Peking University (2014–2016). She has also been a Leverhulme Early Career Fellow at the School of Interdisciplinary Area Studies (SIAS) and a Junior Research Fellow of Jesus College, University of Oxford.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Louis Hyman, "Temp: How American Work, American Business, and the American Dream became Temporary" (Viking, 2018) Dec 13, 2019

It has become a truism that work has become less secure and more precarious for a widening swath of American workers. Why and how this has happened, and what workers can and should do about it, is the subject of a wide-ranging new book, Temp: How American Work, American Business, and the American Dream became Temporary (Viking, 2018). In Temp, Louis Hyman, Professor of History at the Industrial and Labor Relations School of Cornell University, presents a detailed history of the unraveling of steady work. Hyman acknowledges that secure, lucrative, meaningful work has never been equally available to all Americans, even amidst the prosperity of the post-WWII era. He also argues compellingly that the shift toward privileging shareholders over employees and short-term profit over long-term prosperity was not inevitable, nor is it irreversible. Jobs are less secure today not because the market demanded it but because, starting as early as the 1950s, executives, consultants, and policy makers decided to make them that way. He details the rise of temp agencies and consultancies as well as the broader political, cultural, economic, and technological shifts that fueled and furthered the move toward insecure work. Listen in as I talk with Professor Hyman about his fascinating work and his ideas about what the path forward might look like for American workers.

Carrie Lane is a Professor of American Studies at California State University, Fullerton and author of A Company of One: Insecurity, Independence, and the New World of White-Collar Unemployment. Her research concerns the changing nature of work in the contemporary U.S. She is currently writing a book on the professional organizing industry. To contact her or to suggest a recent title, email clane@fullerton.edu.

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Vicky Pryce, "Women vs. Capitalism: Why We Can't Have It All in a Free Market Economy" (Hurst, 2019) Dec 10, 2019

Free market capitalism has failed women, and even the recent progress that had been made in closing the gender wage gap has leveled off in many rich democracies. Vicky Pryce helps us understand the causes of this ongoing discrimination, the harm it does not just to women and their families but to productivity and economic growth, and what governments can do about it.

Women vs. Capitalism: Why We Can't Have It All in a Free Market Economy (Hurst, 2019) is a fresh and timely reminder that, although the #MeToo movement has been hugely important, empowerment of the mind will not achieve full power for women while there remains economic inequality. Pryce urgently calls for feminists to focus attention on this pressing issue: the pay gap, the glass ceiling, and the obstacles to women working at all. Only with government intervention in the labor market will these long-standing problems finally be conquered.

From the gendered threat of robot labor to the lack of women in economics itself, this is a sharp look at an uncomfortable truth: we will not achieve equality for women in our society without radical changes to Western capitalism.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Daniel T. Kirsch, "Sold My Soul for a Student Loan" (ABC-CLIO, 2019) Dec 05, 2019

With free college in the national conversation, there’s been no better time for Daniel T. Kirsch’s new book Sold My Soul for a Student Loan: Higher Education and the Political Economy of the Future (Praeger, 2019). Kirsch teaches at California State University, Sacramento.

American colleges and universities boasts an impressive legacy, but the price of admission for many is now endless debt. As Kirsch shows in the book, increasing educational indebtedness undermines the real value of higher education in US democracy. To help readers understand this dilemma, he examines how the student debt problem emerged and what the long-term effects of this might be. Sold My Soul for a Student Loan examines this vitally important issue from an unprecedented diversity of perspectives, focusing on the fact that student debt is hindering the ability of millions of people to enter the job market, the housing market, the consumer economy, and the political process.

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Oleksandra Humenna, "Ukraine 2030: The Doctrine of Sustainable Development" (ADEF-Ukraine, 2018) Dec 04, 2019

Ukraine 2030: The Doctrine of Sustainable Development (ADEF-Ukraine LTD, 2018) offers a program that includes complex strategies for the economic development of Ukraine. This program was developed on the basis of data that were collected and analyzed by leading economists and researchers of Ukraine. When designing strategies that will help improve the current economic situation in the country, the authors of the project evaluate both domestic and international conditions that can create a positive context for Ukraine’s economic growth. According to the contributors to Ukraine 2030, one of the strategic and fundamental components for a positive economic change is the individual: Ukraine has a remarkable potential for joining a cohort of countries with strong economies. To embrace this potential, however, the country has to deal with a number of challenges which are connected not only with the present moment (war in the Donbas and the annexation of Crimea) and which aggravate the economic stability, but also with a number of problems whose roots go back to the Soviet times. As the authors of the book note, Ukraine, in spite of the fact that she has been independent for almost thirty years, is still coping with the Soviet heritage. Ukraine 2030: The Doctrine of Sustainable Development offers an insightful overview of the present economic situation and a profound program for the economic improvement in Ukraine.

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Alberto Cairo, "How Charts Lie: Getting Smarter about Visual Information" (Norton, 2019) Dec 03, 2019

We’ve all heard that a picture is worth a thousand words, but what if we don’t understand what we’re looking at? Social media has made charts, infographics, and diagrams ubiquitous―and easier to share than ever. We associate charts with science and reason; the flashy visuals are both appealing and persuasive. Pie charts, maps, bar and line graphs, and scatter plots (to name a few) can better inform us, revealing patterns and trends hidden behind the numbers we encounter in our lives. In short, good charts make us smarter―if we know how to read them.

However, they can also lead us astray. Charts lie in a variety of ways―displaying incomplete or inaccurate data, suggesting misleading patterns, and concealing uncertainty―or are frequently misunderstood, such as the confusing cone of uncertainty maps shown on TV every hurricane season. To make matters worse, many of us are ill-equipped to interpret the visuals that politicians, journalists, advertisers, and even our employers present each day, enabling bad actors to easily manipulate them to promote their own agendas.

In How Charts Lie: Getting Smarter about Visual Information (W. W. Norton, 2019), data visualization expert Alberto Cairo teaches us to not only spot the lies in deceptive visuals, but also to take advantage of good ones to understand complex stories. Public conversations are increasingly propelled by numbers, and to make sense of them we must be able to decode and use visual information. By examining contemporary examples ranging from election-result infographics to global GDP maps and box-office record charts, How Charts Lie demystifies an essential new literacy, one that will make us better equipped to navigate our data-driven world.

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Kate O'Neill, "Waste" (Polity, 2019) Nov 26, 2019

Waste is one of the planet’s last great resource frontiers. From furniture made from up-cycled wood to gold extracted from computer circuit boards, artisans and multinational corporations alike are finding ways to profit from waste while diverting materials from overcrowded landfills. Yet beyond these benefits, this “new” resource still poses serious risks to human health and the environment.

In her new book Waste (Polity, 2019), Kate O’Neill traces the emergence of the global political economy of wastes over the past two decades. She explains how the emergence of waste governance initiatives and mechanisms can help us deal with both the risks and the opportunities associated with the hundreds of millions – possibly billions – of tons of waste we generate each year. Drawing on a range of fascinating case studies to develop her arguments, including China’s role as the primary recipient of recyclable plastics and scrap paper from the Western world, “Zero-Waste” initiatives, the emergence of transnational waste-pickers’ alliances, and alternatives for managing growing volumes of electronic and food wastes, O’Neill shows how waste can be a risk, a resource, and even a livelihood, with implications for governance at local, national, and global levels.

Marshall Poe is the editor of the New Books Network. He can be reached at marshallpoe@gmail.com.

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Amy Offner, "Sorting Out the Mixed Economy: The Rise and Fall of Welfare and Developmental States in the Americas" (Princeton UP, 2019) Nov 22, 2019

The neoliberal 1980s of austerity and privatization may appear as a break with the past—perhaps a model of government drawn up by libertarian economists. Not so, says Amy Offner in her spectacular new book, Sorting Out the Mixed Economy: The Rise and Fall of Welfare and Developmental States in the Americas (Princeton University Press, 2019). Offner, an Assistant Professor of History at the University of Pennsylvania, shows how strategies such as self-help housing, for-profit privatized state-functions, and austere social programs were well-trodded decades earlier in the mid-century “mixed economy.” She also shows how these statebuilding strategies and their advocates moved back and forth between Latin America and the United States.

Sorting Out the Mixed Economy brings together the history of U.S. foreign relations with that of domestic policy and of capitalism, and is therefore bound to shake up all three. Experts of each are well-advised to spend time with Offner’s provocative but wise analysis.

Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Jonathan Rothwell, "A Republic of Equals: A Manifesto for a Just Society" (Princeton UP, 2019) Nov 20, 2019

Inequality in the U.S. has increased dramatically over the past decades -- on that there is agreement. There is less agreement on the causes of that inequality, the consequences of it, and, perhaps least of all, what to do about it. Join us to hear Jonathan Rothwell talk about his new book, A Republic of Equals: A Manifesto for a Just Society (Princeton University Press, 2019), which pushes back against some of the conventional wisdom about the sources of inequality to offer his own provocative diagnosis of the problem and proposed remedies for it.

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Richard Robb, "Willful: How We Choose What We Do" (Yale UP, 2019) Nov 18, 2019

Tired of the mechanical, narrowly rational human behavior of the Chicago school, but not exactly comforted by the emphasis on irrational activity in behavioral economics? So am I. Richard Robb, professor at Columbia and fund manager, offers a third way. In Willful: How We Choose What We Do (Yale University Press, 2019), Robb develops the notion of "for itself" behavior and decision making that can't be reduced to the algorithms of calculating machines, or even those that are adjusted for human foibles. Willful is not a comprehensive theory of decision making, but an effort to reinsert some element of humanity into explanations of how individuals and groups act. It is a work along the lines of "life is a journey, not a destination" but one well enriched by a wide reading of ancient and modern philosophers.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Kathryn Conrad on University Press Publishing Nov 03, 2019

As you may know, university presses publish a lot of good books. In fact, they publish thousands of them every year. They are different from most trade books in that most of them are what you might called "fundamental research." Their authors--dedicated researchers one and all--provide the scholarly stuff upon which many non-fiction trade books are based. So when you are reading, say, a popular history, you are often reading UP books at one remove. Of course, some UP books are also bestsellers, and they are all well written (and, I should say, thoroughly vetted thanks to the peer review system), but the greatest contribution of UPs is to provide a base of fundamental research to the public. And they do a great job of it.

How do they do it? Today I talked to Kathryn Conrad, the president of the Association of University Presses, about the work of UPs, the challenges they face, and some terrific new directions they are going. We also talked about why, if you have a scholarly book in progress, you should talk to UP editors early and often. And she explains how! Listen in.

Marshall Poe is the editor of the New Books Network. He can be reached at marshallpoe@gmail.com.

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Lynne Pettinger, "What’s Wrong with Work?" (Policy Press, 2019) Oct 31, 2019

How should we understand work? In What’s Wrong with Work? (Policy Press, 2019), Lynn Pettinger, Associate Professor of Sociology at the University of Warwick, explores how work is organised, interconnected, and what work does. The book offers a history of work, as well as challenging and destabilising taken for granted categories such as ‘good’ and ‘bad’ work, foregrounding what is usually taken to be invisible and is deleted. The book covers a range of theoretical territory too, but is written in a clear and accessible style, serving as both a detailed and engaging overview of key issues such as technology and environmental sustainability. The book will be essential reading for anyone seeking to understand work!

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Howard Kunreuther, "The Future of Risk Management" (U Penn Press, 2019) Oct 29, 2019

Whether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities, savage the environment, impose significant financial burdens on individuals and firms, and test political leadership. Moreover, global challenges such as climate change and terrorism reveal the interdependent and interconnected nature of our current moment: what occurs in one nation or geographical region is likely to have effects across the globe. Our information age creates new and more integrated forms of communication that incur risks that are difficult to evaluate, let alone anticipate. All of this makes clear that innovative approaches to assessing and managing risk are urgently required.

When catastrophic risk management was in its inception thirty years ago, scientists and engineers would provide estimates of the probability of specific types of accidents and their potential consequences. Economists would then propose risk management policies based on those experts' estimates with little thought as to how this data would be used by interested parties. Today, however, the disciplines of finance, geography, history, insurance, marketing, political science, sociology, and the decision sciences combine scientific knowledge on risk assessment with a better appreciation for the importance of improving individual and collective decision-making processes.

The essays in The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, highlight past research, recent discoveries, and open questions written by leading thinkers in risk management and behavioral sciences. The Future of Risk Management provides scholars, businesses, civil servants, and the concerned public tools for making more informed decisions and developing long-term strategies for reducing future losses from potentially catastrophic events.

Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019.

Beth Windisch is a national security practitioner. You can tweet her @bethwindisch.

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Elisabeth Köll, "Railroads and the Transformation of China" (Harvard UP, 2019) Oct 28, 2019

Railroads and the Transformation of China (Harvard University Press, 2019) looks at the development of railroads in China from the late 19th century to the post-Mao reform period. Treating railroads as institutions, Elisabeth Köll charts how railroads and railway management companies were constructed and developed, how railway lines were disrupted by war, and then how they were re-organized and re-structured – often by re-packaging pre-1949 ideas – in the Communist period. Throughout Köll is attentive to historical continuities and disruptions, paying particular attention to the tensions that existed between centralization and decentralization, which, as she shows, ultimately created a system where regionally autonomous railroad bureaus exist within a centralized hierarchy. By drawing on sources that range from archival materials to oral testimonies, Köll has created not only the first comprehensive history of railroad operation in China, but also a book filled with fascinating details, including the absurdities of railroad accounting practices in semi-colonial China, what you learn when you look at the rate of railroad accidents during the Great Leap Forward (spoiler alert: as you will hear in the podcast, the rates are definitely not good!), and much, much more, all of which will be of interest to historians and railfans alike.

Sarah Bramao-Ramos is a PhD candidate in the Department of East Asian Languages and Civilization at Harvard University. She is interested in translation, Manchu language books, and anything that involves a good kesike.

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J. Neuhaus, "Geeky Pedagogy: A Guide for Intellectuals, Introverts, and Nerds Who Want to Be Effective Teachers" (West Virginia UP, 2019) Oct 24, 2019

The things that make people academics -- as deep fascination with some arcane subject, often bordering on obsession, and a comfort with the solitude that developing expertise requires -- do not necessarily make us good teachers. Jessamyn Neuhaus’s Geeky Pedagogy: A Guide for Intellectuals, Introverts, and Nerds Who Want to Be Effective Teachers(West Virginia University Press, 2019) helps us to identify and embrace that geekiness in us and then offers practical, step-by-step guidelines for how to turn it to effective pedagogy. It’s a sharp, slim, and entertaining volume that can make better teachers of us all.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A Peoples History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Binyamin Appelbaum, "The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society" (Little Brown, 2019) Oct 22, 2019

Think economics is the "dismal science" with abstract formulas that have no impact on life as it is actually lived? Think again. In The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society (Little Brown, 2019), Binyamin Appelbaum--former correspondent and now an editorial board member of the New York Times--brings to life how academic economists rose "from the basement" of banks and universities in the post-war period to have a direct impact on almost every aspect of our lives. The end of the draft, unemployment levels, inflation, deregulation, air transport, phone service, patent law, monopolies and anti-trust activity, even the value of human lives--all of these have been directly affected by the activity of economists who emerged on the scene after World War II. Appelbaum traces the transition from the first school of these economists--the Keynesians who advocated a bigger role for government in addressing economic and social problems--to the second school, the Chicago "market" crowd that held sway from the 1970s until the financial crisis or 2008-9. The latter school held that the market had the answer to problems in the economy and society and that government should stay out of the way. Regardless of which side of the debate you find yourself on, you will want to be familiar with the lives and ideas of the individuals who have had such an impact on your life.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com.

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Melanie Simms, "What Do We Know and What Should We Do About the Future of Work?" (Sage, 2019) Oct 18, 2019

What is the future of work? In What Do We Know and What Should We Do About the Future of Work? (Sage, 2019), Melanie Simms, a Professor of Work and Employment at the University of Glasgow offers an overview off a vast range of issues associated with work- in a short and accessible book. The book asks us to remember the continuities of problems associated with work, as well as the emerging future trends. The latter include automation, an aging population and pensions, emotional and aesthetic labour, skills, universal basic income, and flexible forms of working. By placing these trends in an appropriate historical setting the book offers lessons about how societies can respond, focusing in particular on rights and regulation, enforcement, and the role of unions and collective action. The book will be essential reading for anyone who works!

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I. Negru and W. Dolfsma, "The Ethical Formation of Economists" (Routledge, 2019) Oct 08, 2019

I spoke with Ioana Negru about the book that she recently edited with Wilfred Dolfsma. We were joined in the conversation by our colleague Rodrigo Zeidan to discuss the timely issues covered by The Ethical Formation of Economists (Routledge, 2019).

Economists' role in society has always been an uneasy one, and in recent years the ethicality of the profession and its practitioners has been questioned more than ever. This collection of essays is the first to investigate the multifaceted nature of what forms economists' ethical and economic views.

The book suggests that if we can better understand what is making economists think and act as they do, considering ethicality in the process, we might all be better placed to implement changes. The intent is not to exonerate economists from personal responsibility, but to highlight how considering the circumstances that have helped shape economists' views can help to address issues. It is argued that it is important to understand these influences, as without such insights, the demonization of economists is too easily adapted as a stance by society as well as too easily dismissed by economists.

The 2007 financial crisis has raised obvious questions about the link between ethics and economic questions. This book edited by Ioana Negru and Wilfred Dolfsma aims to show how important ethics is for economic life and to discuss what is the role of ethics in economics, econometrics, in relation to media or public policy. The purpose of the book is to help economists understand what ethics is and how pervasive ethics is in everyday life. Bringing together work from international contributors such as George DeMartino, Deirdre McCloskey, Mark White, Steve Ziliak, Robert McMaster, Andrew Mearman, Craig Duckworth, Patrick O'Sullivan, Jamie Morgan, Wim Groot, Henriette Maassen van Den Brink, Alice Sindzigrea and Edward Teather-Posadas, it explores the ways in which economists are influenced in their training and career, examining how this can explain their individual ethical stances as economists.

The book is an important contribution that students and scholars (in the fields of economics, ethics, philosophy and sociology) should consider buying and reading regardless to their methodological and theoretical preferences.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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James C. W. Ahiakpor, "Macroeconomics without the Errors of Keynes" (Routledge, 2019) Sep 13, 2019

I spoke with James C. W. Ahiakpor, he is Professor Emeritus, Department of Economics, at California State University, East Bay, USA. We discussed his new book Macroeconomics without the Errors of Keynes: The Quantity Theory of Money, Saving, and Policy (Routledge, 2019) A provocative title for a very original book that is a critique not only of Keynes but also of some of his followers and his scholarly opponents. This is a sophisticated book and an erudite account and analysis of crucial debates in economics over the past 100 years.

I asked what is the origin of the book and why he wrote a book 'against' J.M. Keynes. I also asked to locate Keynes and his relationship with classical economists. We then discussed why macroeconomics needs to be restored to its classical roots and what are the distortions that he attributes to Keynes. Finally we spoke about the implications of his book for contemporary economic and monetary policy debates after the great recession.

Professor Ahiakpor argues that modern macroeconomics is in a stalemate, with seven schools of thought attempting to explain the workings of a monetary economy and to derive policies that promote economic growth with price-level stability. He attributes some of those problems to the errors of Keynes and to the reception of his work.

The crucial errors made by Keynes are due to his reading of classical macroeconomics, in particular the classical Quantity Theory and the meaning of saving.

In light of this, we discussed with James Ahiakpor how to solve those misunderstandings to achieve economic policies consistent with the promotion of the employment and economic growth that Keynes was seeking.

This is an advanced book written for scholars of macroeconomics and history of economic thought and of course everybody interested in Keynes, the complexity of his work and possibly some oversights if you will agree with professor Ahiakpor.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Lawrence Glickman, "Free Enterprise: An American History" (Yale UP, 2019) Sep 13, 2019

“Free enterprise” is an everyday phrase that connotes an American common sense. It appears everywhere from political speeches to pop culture. And it is so central to the idea of the United States that some even labeled Christopher Columbus and the Pilgrims free enterprisers. In his new book, Free Enterprise: An American History (Yale University Press, 2019), Lawrence Glickman analyses that phrase’s historical meaning and shows how it became common sense.

Glickman, a historian and the Stephen and Evalyn Milman Professor in American Studies at Cornell University, traces the phrase from its many 19th-century meanings, of which abolitionists wielded a dominant one (consider the word free), to its conservative reformulation in the 1920s and 30s. He shows how “free enterprise” became the rallying cry of the business community from the 1930s to the Powell Memo in the early 70s. This book is a whirlwind tour of a keyword that has had immense rhetorical power in modern American history and that scholars have yet to critically examine. Glickman’s book provides a compelling example of how historians can study the historical construction of common sense and is a welcome contribution to intellectual history, political history, and the history of capitalism.

Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Edward Cartwright, "Behavioral Economics" (Routledge, 2018) Aug 29, 2019

We spoke with Edward Cartwright about his textbook ‘Behavioral Economics’ structured into four parts and eleven chapters. This is now the third edition published by Routledge and it is a leading advanced textbook on Behavioral Economics. Edward is also co-author with Robert Frank on the European edition of the popular Microeconomics and Behaviour textbook. Edward is associate editor at the Journal of Public Economic Theory and Fellow of the Higher Education Academy.

I asked about his personal background and about the origin of the book that at its first edition was one of the pioneering textbooks available. Edward then provided a short introduction to Behavioral Economics and located it in the mainstream / heterodox economics debate. We also discussed how Behavioral Economics contributed to modify the relationship between macro and micro. Edward mentioned the impact of Behavioral Economics to economic theory and policy making (last chapter of the book). We discussed the ethical implications of applied behavioral research and we mentioned the field of happiness economics covered in chapter 11.

Edward’s main research interests are in behavioural economics, game theory and public economics. Much of his research analyses cooperation in small groups, exploring the role of social norms, leadership, framing and communication. Another strand of work looks at conformity, prejudice and discrimination. Further research interests include cyber-security and doping in sport.

Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting and fascinating, and have fundamentally changed the way we look at economic behavior.

This textbook introduces all the key results and insights of behavioral economics to a student audience. Ideas such as mental accounting, prospect theory, present bias, inequality aversion and learning are explained in detail. These ideas are also applied in diverse settings such as auctions, stock market crashes, charitable donations and health care, to show why behavioral economics is crucial to understanding the world around us. Consideration is also given to what makes people happy, and how we can potentially nudge people to be happier.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Nancy Lough and Andrea N. Geurin, "Routledge Handbook of the Business of Women's Sport" (Routledge, 2019) Aug 21, 2019

Shortly after the conclusion of the Women's World Cup earlier this summer, a friend suggested to me that it signaled the long-awaited arrival of soccer as a mainstream sport in the U.S. I thought a second, remembering the commercials around the game and the way the television cameras shot the crowd. Then I responded that I thought it wasn't really the long-awaited arrival of soccer, but the emergence of women's sports into the mainstream of American culture.

This is something of an exaggeration. But the summer of the World Cup is perhaps a perfect time to think through the position of women's sports in global society. Nancy Lough and Andrea N. Geurin do just that in their new edited Routledge Handbook of the Business of Women's Sport (Routledge, 2019). Lough and Guerin bring together forty different authors to survey the status of women's sports in 2019. The essays range from discussions of the history of women's sports to analyses of media representation of women in sports to the economics and management of women's sports. Collectively, it is a remarkable accomplishment. Lough and Guerin offer a comprehensive survey of the field while pointing to future questions and topics of research. The coverage is scholarly, but with an eye to the political and sports culture in which women's sports exists. Anyone interested in understanding the business of women's sports should start here.

Kelly McFall is Professor of History and Director of the Honors Program at Newman University. He’s the author of four modules in the Reacting to the Past series, including The Needs of Others: Human Rights, International Organizations and Intervention in Rwanda, 1994, published by W. W. Norton Press, and (with Abigail Perkiss) Changing the Game: Title IX, Gender and Athletics in American Universities, to be published by W. W. Norton in November 2019.

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Douglas Irwin, "Clashing over Commerce: A History of US Trade Policy" (U Chicago Press, 2019) Aug 20, 2019

Scholars of US history have treated trade policy in less than enthusiastic ways. One economic historian described tariffs as “extraordinarily uninteresting things unless related to the political events which give them meaning.” While another historian said the tariff has caused “narcolepsy” among his colleagues. One piece of evidence of this sentiment is that the last comprehensive history of of US trade policy was published in the the late 19th century!

Despite the seemingly soporific qualities of the subject, Douglas Irwin wrote a 900-page tome on trade policy. The book, Clashing over Commerce: A History of US Trade Policy (University of Chicago Press, 2019) is remarkably erudite and surprisingly entertaining. Irwin shows how trade policy was at the heart of so many of the major crises and transitions in US history, everything from the Revolution of 1776 to the post-Cold War moment. Indeed, Irwin fashions a focus on tariffs into a new history of the republic itself.

Douglas Irwin is the John French Professor of Economics at Dartmouth and a Research Associate at the National Bureau of Economic Research.

Dexter Fergie is a PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Philip Grant, "Chains of Finance: How Investment Management is Shaped" (Oxford UP, 2017) Aug 09, 2019

The authors of Chains of Finance: How Investment Management is Shaped (Oxford University Press, 2017) make points that professionals already know and that end-investors ought to know: that there are a lot of cooks in the investment kitchen, and that the investment process is materially shaped by the chain of individuals and institutions that go into manufacturing investment products. Advisors, consultants, compliance, sales, portfolio managers, analysts, traders, distributors, custodians---these job titles are just part of that machinery. And they all interact with one another in a variety of ways. Most people operating in a complex industry understand that there is a lot going on behind the scenes that affects the ultimate outcome of the manufacturing process or service generation. Investment management is the same. Chains of Finance is part of a growing literature in the social studies of finance that highlights that investment is an interactive social process, not a cut and dried application of some algorithm, even when it is promoted as a computer-driven, machine only exercise. Please listen to my interview with one of the authors, Philip Grant, here....

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Michael Zakim, "Accounting for Capitalism: The World the Clerk Made" (U Chicago Press, 2018) Aug 08, 2019

The clerk attended his desk and counter at the intersection of two great themes of modern historical experience: the development of a market economy and of a society governed from below. Who better illustrates the daily practice and production of this modernity than someone of no particular account assigned with overseeing all the new buying and selling? In Accounting for Capitalism: The World the Clerk Made (U Chicago Press, 2018), Michael Zakim has written their story, a social history of capital that seeks to explain how the “bottom line” became a synonym for truth in an age shorn of absolutes, grafted onto our very sense of reason and trust.

This is a big story, told through an ostensibly marginal event: the birth of a class of “merchant clerks” in the United States in the middle of the nineteenth century. The personal trajectory of these young men from farm to metropolis, homestead to boarding house, and, most significantly, from growing things to selling them exemplified the enormous social effort required to domesticate the profit motive and turn it into the practical foundation of civic life. As Zakim reveals in his highly original study, there was nothing natural or preordained about the stunning ascendance of this capitalism and its radical transformation of the relationship between “Man and Mammon.”

Lukas Rieppel teaches history at Brown University. His new book, Assembling the Dinosaur, has recently been published by Harvard University press. You can find him online at https://sites.google.com/view/lukasrieppel/ or on twitter @lrieppel.

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Sarah L. Quinn, "American Bonds: How Credit Markets Shaped a Nation" (Princeton UP, 2019) Aug 06, 2019

Federal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but government credit has been part of American life since the nation’s founding. Sarah L. Quinn’s new book dissects the political and social development of these policies in American Bonds: How Credit Markets Shaped a Nation (Princeton University Press, 2019). Quinn is associate professor of sociology at the University of Washington.

From the 1780s, when national land credit policy was established, to the postwar foundations of our current housing finance system, Quinn examines the evolution of securitization and federal credit programs. American Bonds shows that since the Westward expansion, the U.S. government has used financial markets to manage America’s complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution.

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John Quiggin, "Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly" (Princeton UP, 2019) Jul 29, 2019

Trying to follow the key macroeconomic debates that are swirling around DC, CNBC, the WSJ and the NYT? If you are but don't want to go back to graduate school or re-open your college macroeconomics textbook, John Quiggin has a solution. His Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly (Princeton University Press, 2019) achieves several goals. First, it frames the current debates, providing a concise, well-written history of macroeconomics and the key twists and turns in economic policy that have brought us to our current state of (general) disagreement on economic policy. Second, he structures his view of macroeconomics as a rebuttal to a 1946 book by Henry Hazlitt in 1946 called Economics in One Lesson. Seventy years later, Quiggin counters Hazlitt's view that markets are "correct," in that their prices accurately reflect opportunity costs for buyers and sellers. Quiggin's second lesson highlights the externalities and factors that distort those opportunity costs and lead to suboptimal outcomes such as extended unemployment, excessive income inequality, and the seemingly intractable problem (from an economics perspective) of pollution. In the final portion of his book, Quiggin argues what policies he thinks would make markets work better by generating a more accurate understanding of opportunity costs. To some, his prescriptions will look like the program of the Left. The great irony is that his goal is to make markets function better, not rid us of them. Whether you agree with his prescriptions are not, this is a very interesting book and a great way for non-economists to get up to speed on current debates and policy issues without having to do a single test for statistical significance or worry about heteroscedasticity.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Christy Clark-Pujara, "Dark Work: The Business of Slavery in Rhode Island" (NYU Press, 2016) Jul 25, 2019

In Dark Work: The Business of Slavery in Rhode Island(NYU Press, 2016; paperback, 2018), Christy Clark-Pujara, Associate Professor of History in the Department of Afro-American Studies at the University of Wisconsin-Madison, tells the story of one state whose role was outsized: Rhode Island. Like their northern neighbors, Rhode Islanders bought and sold slaves and supplies that sustained plantations throughout the Americas; however, nowhere else was this business so important. During the colonial period trade with West Indian planters provided Rhode Islanders with molasses, the key ingredient for their number one export: rum. More than 60 percent of all the slave ships that left North America left from Rhode Island. During the antebellum period Rhode Islanders were the leading producers of “negro cloth,” a coarse wool-cotton material made especially for enslaved blacks in the American South.

Clark-Pujara draws on the documents of the state, the business, organizational, and personal records of their enslavers, and the few first-hand accounts left by enslaved and free black Rhode Islanders to reconstruct their lived experiences. The business of slavery encouraged slaveholding, slowed emancipation and led to circumscribed black freedom. Enslaved and free black people pushed back against their bondage and the restrictions placed on their freedom. It is convenient, especially for northerners, to think of slavery as southern institution. The erasure or marginalization of the northern black experience and the centrality of the business of slavery to the northern economy allows for a dangerous fiction—that North has no history of racism to overcome. But we cannot afford such a delusion if we are to truly reconcile with our past.

Ryan Tripp is part-time and full-time adjunct history faculty for Los Medanos Community College as well as the College of Online and Continuing Education at Southern New Hampshire University.

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Casey Lurtz, "From the Grounds Up: Building an Export Economy in Southern Mexico" (Stanford UP, 2019) Jul 25, 2019

In From the Grounds Up: Building an Export Economy in Southern Mexico (Stanford University Press, 2019), Casey Lurtz explains how the fertile yet isolated region of the Soconusco became integrated into global markets in the late nineteenth- and early twentieth centuries. Located in what is today the state of Chiapas, the Soconusco was a lightly-populated borderlands region where sovereignty was murky, for both Mexico and Guatemala claimed the district and residents moved freely across the scarcely-delineated boundary between national territories. There were other challenges to developing an export economy: the Soconusco faced labor scarcity, lacked institutional and material infrastructure, and was regularly destabilized by political violence. Nevertheless, it became the primary coffee-producing region in Mexico in this era. To trace how this occurred, Lurtz notes the role of politicians and entrepreneurial large landowners, Mexican and foreign, in developing coffee plantations (fincas), but her cast of characters goes beyond the political and economic elite. For the author, local smallholders and migrant laborers were equally central protagonists in the story of how the Soconusco became so productive. She argues that these often-overlooked actors were influential in shaping the region’s economy and its integration into international markets. The book’s chapters trace how both powerful and marginal figures in the district responded to each of the various impediments to development. Using rich local sources to reconstruct mapping and surveying efforts, ordinary transactions, and legal disputes, Lurtz connects this economic and social history to the political history of nineteenth-century Latin America. Much as political liberalism should be studied as both a set of ideas and a set of practices, the economic aspects of liberalism are also worth examining on the ground at a microhistorical level. Lurtz reveals how economic liberal ideas and structures were invoked and demanded by villagers, workers, and landowners in the Soconusco in order to advance their diverse agenda.

Rachel Grace Newman is Lecturer in the History of the Global South at Smith College. She has a Ph.D. in History from Columbia University, and her dissertation was titled “Transnational Ambitions: Student Migrants and the Making of a National Future in Twentieth-Century Mexico.” She is also the author of a book on a binational program for migrant children whose families divided their time between Michoacán, Mexico and Watsonville, California. She is on Twitter (@rachelgnew).

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Vicki Howard, "From Main Street to Mall: The Rise and Fall of the American Department Store" (U Pennsylvania Press, 2015) Jul 24, 2019

This week we take a break from fun and games to talk about business and consumerism–which, to be sure, is for some people also fun and games.

As Vicki Howard reminds us in her new book, From Main Street to Mall: The Rise and Fall of the American Department Store (University of Pennsylvania Press, 2015), it used to be that America was filled with department stores. Congenital nostalgics remember places like Wanamaker’s in Philadelphia; they even print books about the big-city department stores of Days Gone By. But that ignores the important place that department stores held in small towns all around the country.

Vicki Howard has already written on the history of the wedding industry. Now she and Al Zambone talk about the department store, how they began, what they offered people that hadn’t existed before, and how they were undone by the same forces that created them. Zambone gets a little autobiographical, too, but please forgive him. Enjoy.

Al Zambone is a historian and the host of the podcast Historically Thinking. You can subscribe to Historically Thinking on Apple Podcasts.

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Juan Pablo Pardo-Guerra, “Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets” (Cambridge UP, 2019) Jul 22, 2019

How are markets made? In Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets (Cambridge University Press, 2019), Juan Pablo Pardo-Guerra, an assistant professor in sociology at the University of California, San Diego, explores the history of the finance industry to understand the role of markets and technologies in contemporary capitalism. The book offers a detailed theoretical engagement with the personalities and technological changes underpinning the modern system of automated finance. It uses the case study of the development of the London Stock Exchange, looking at the social relations embedded in financial markets, before moving to look at the global, American system. Charting the move from trading floors to trading screens, the book considers individuals and broader social systems shaping enabling and constraining behaviour in the world of finance. Overall the book offers a rethinking of the meaning of markets, and is essential reading across social science, history, and management studies.

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Martin Edwards, "The IMF, the WTO and the Politics of Economic Surveillance" (Routledge, 2018) Jul 22, 2019

Both the International Monetary Fund (IMF) and the World Trade Organization (WTO) practice periodic surveillance of member states to ensure they are adopting effective economic policies. Despite the importance of these practices, they remain understudied by scholars until now. Martin Edwards has written The IMF, the WTO & the Politics of Economic Surveillance (Routledge, 2018). Edwards is an Associate Professor in the School of Diplomacy and International Relations at Seton Hall University and is also department chair.

The world is paying increasing attention to issues of transparency and accountability, questioning whether the IMF and WTO are in part responsible for the global economic crisis, as well as assessing their responsiveness to the crisis. Examining the influence and effectiveness of surveillance, Edwards offers recommendations of how surveillance can be designed differently to make it more effective in the future.

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Robert Atkinson and Michael Lind, "Big is Beautiful: Debunking the Myth of Small Business" (MIT Press, 2018) Jul 19, 2019

Small is beautiful, right? Isn't that what we've all been taught? From Jeffersonian politics to the hallowed family farm, from craft breweries to tech start ups in the garage. Small business is the engine and the soul and the driver of the American system. That's the dominant narrative. And according to Robert Atkinson and Michael Lind, it is really wrong. In their new book, Big is Beautiful: Debunking the Myth of Small Business (MIT Press, 2018), the authors review the empirical evidence and conclude that large businesses create more, generate more intellectual capital, pay better, pollute less, are more diverse, and score higher on pretty much any measure of economic or employee well-being that you can come up with. It is a shocking conclusion, but one that everyone involved in the regulation of business should be aware of. (And, by the way and probably a surprise to many, small business has had its thumb on the regulatory scales for much of the republic's history.) Big is Beautiful goes against--way against--the prevailing narrative about business in this country.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Ekaterina Svetlova, "Financial Models and Society: Villains or Scapegoats" (Elgar, 2018) Jul 16, 2019

The machines have taken over.... For many operating in investment management, it can certainly seem that way: factor investing, algorithmic investing, dynamic hedging instruments, risk management derivatives driven by changes in market prices, etc. dominate much of the investment narrative. And now and again these supposedly superior investment approaches get blamed for causing big blow ups. If portfolio insurance led to a wave of computer selling in 1987, then the chaos generated by the models in 2008-2009 was incomparably larger. So say the critics. But in Financial Models and Society: Villains or Scapegoats (Elgar, 2018), Ekaterina Svetlova begs to differ. She looks at how quantitative models are actually used by investors and finds a whole space where human judgment, intuition and non-model based factors come into play as to when and how and to what degree financial models are actually implemented. This social social of finance is well known in academia; it needs to be better known among practitioners. Listen to her interview here.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Richard Vague, "A Brief History of Doom: Two Hundred Years of Financial Crises" (U Pennsylvania Press, 2019) Jul 04, 2019

Richard Vague really really cares about private-sector debt. And he thinks you should too. In A Brief History of Doom: Two Hundred Years of Financial Crises (University of Pennsylvania Press, 2019), Vague sees the rise and fall of private sector debt as the key factor explaining the cycle of economic crises experienced by developed and major developing economies over the past two centuries. The early stages of a lending cycle look and feel good. Everyone is happy, the lenders think they are smart, the borrowers feel they have everything under control. Then the lenders and borrowers take it to another level, and then another, and then it collapses, time and time again. Where are now? The good news is that debt/GDP levels aren't too bad, but in certain sectors of the economy and certain countries, they are flashing red, brightly. Read the book to find which sectors and countries. Vague makes his data available to researchers at http://www.bankingcrisis.org.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Yuen Yuen Ang, "How China Escaped the Poverty Trap" (Cornell UP, 2016) Jul 02, 2019

I spoke with Dr Yuen Yuen Ang, Associate Professor of Political Science at the University of Michigan, Ann Arbor. She published in 2016 a great new book How China Escaped the Poverty Trap (Cornell University Press, 2016). This is a very original and non-conformist book on China. It is also an important contribution to political economy and to development economics.

We started with the origin of her book and a brief definition of ‘poverty trap’. Her book explains what went right in China and how other developing countries could follow a similar approach to reform and institutional transition.

We discussed why traditional contributions such as those by Acemoglu and Robinson cannot explain the success of China’s reform. On the one hand, the fail to understand Chinese reforms, including political ones under Deng, on the other hand, they are biased. They were developed looking at traditional western development paths that cannot and should not be treated as a universal recipe for any other country in the world.

We discussed about property rights, transitional institutions and the performance evaluation system of local cadres. The author defines China as an ‘autocracy with democratic characteristics’ and, since Deng, the systematic evaluation of local political leaders worked well as a proxy of democratic control.

We also discussed how China avoided the mistakes of the Russian transition. And we learnt how China traditionally is not monolithic in its economic policy because allows decentralization and experimentation.

The book is very strong in its theoretical framework but is also based on an extensive fieldwork across three provinces that exemplify the diversity within the Chinese sub-continent and the act of balancing between uniformity and variety, center and periphery.

We concluded talking about the challenges ahead for China and the next books being prepared by prof. Yuen Yuen Ang. A great book, and I hope a good podcast too.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Tobias Straumann, "1931: Debt, Crisis, and the Rise of Hitler" (Oxford UP, 2019) Jun 27, 2019

What can we learn from the financial crisis that brought Hitler to power? How did diplomatic deadlock fuel the rise of authoritarianism? Tobias Straumann shares vital insights with 1931: Debt, Crisis, and the Rise of Hitler (Oxford University Press, 2019). Through his fast-paced narrative, Straumann reveals how inflexible treaties created an inescapable debt trap that spawned Nazism. Caught between investor confidence and domestic political pressure, unrealistic agreements left decision makers little room for maneuver when crisis struck. 1931 reminds us of hard lessons relevant to designing resilient agreements today.

Tobias Straumann is a Senior Lecturer at the University of Zurich and teaches economic history both to historians and economists. His research interests span numerous contributions to contemporary European business, monetary, and financial history. 1931 is his fourth book.

Ryan Stackhouse is a historian of Europe specializing in modern Germany and political policing under dictatorship. His book exploring Gestapo enforcement practices toward different social groups is nearing completion under the working title A Discriminating Terror. He also cohosts the Third Reich History Podcast and can be reached at john.ryan.stackhouse@gmail.com or @Staxomatix.

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Joseph C. Sternberg, "The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future" (PublicAffairs, 2019) Jun 11, 2019

Joseph C. Sternberg's book The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future (PublicAffairs, 2019) is an analysis of the economic condition of the Millennial generation, which was as cohort of people born between 1981 and 1996. This generation has experienced much trauma in the last decade, especially as a result of the Great Recession of 2008. Sternberg reviews the economic health of this generation, covering issues such as home ownership rates, higher education, employment prospects, and consumption patterns. He finds that although Millennials have many choices that make them the envy of much of the rest of the world, in the American context this generation suffers from bleaker prospects for wealth accumulation and security than any prior generation since the end of World War II. Sternberg reviews the intentional and unintentional consequences of public policies supported by the Baby Boomer generation, such as investment, monetary, and housing policies at the national level. He also reviews the lessons Europe and Japan have for how to respond to the political and economic problems presented by the demographic changes occurring as the Baby Boomers retire.

Ian J. Drake is an Associate Professor of Political Science and Law at Montclair State University. His scholarly interests include American legal and constitutional history and political theory.

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Francesca Trivellato, "The Promise and Peril of Credit" (Princeton UP, 2019) Jun 07, 2019

In 1647, the French author Étienne Cleirac asserted in his book Les us, et coustumes de la mer that the credit instruments known as bills of exchange had been invented by Jews. In The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of European Commercial Society (Princeton University Press, 2019), Francesca Trivellato draws upon the economic, cultural, intellectual, and business history of the period to trace the origin of this myth and what its usage in early modern Europe reveals about contemporary views of both commerce and Judaism. Trivellato begins by explaining the development of bills of exchange in the Middle Ages as a means of transferring funds across long distances, ones which helped the expansion of international trade. Though used by both Christians and Jews, concerns about crypto-Judaism among converted Christians in the town of Bordeaux where Cleirac lived may have been key to his belief in their association with the bills. From Cheirac’s book the myth then spread throughout much of western and central Europe during the 18th and 19th centuries, where it was used both to support anti-Semitic views and as examples by philo-Semitic writers such as Montesquieu of the superior commercial ability of Jews.

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Annie McClanahan, "Dead Pledges: Debt, Crisis, and Twenty-First Century Culture" (Stanford UP, 2016) Jun 07, 2019

When teaching a public course called “The Age of Debt” this winter break, I had the strange realization that one of the the most successful readings in that course, the one which most clearly explained the 2008 crisis and the financialized economy, was written by an English professor. It was Annie McClanahan’s Dead Pledges: Debt, Crisis, and Twenty-First Century Culture (Stanford University Press, 2016). The book is a masterful exploration of the cultural politics of the financial crisis and a powerful mediation on how to make sense of an era of unrepayable debts. As a review in the LA Review of Books notes, McClanahan has resurrected and repurposed the rich tradition of Marxist literary criticism which brought us Raymond Williams, analyzing post-crisis literature, photography, and cinema as cultural texts registering “a new ‘crisis subjectivity’ in the wake of the mortgage meltdown’s shattering revelations.” Dead Pledges is a must read. For whom? Well, anyone living in the 21st century, concerned about insurmountable debts, thinking of how culture and the economy transect each other, and striving for a radical politics fit for the mortgaged times in which we live.

Aparna Gopalan is a Ph.D. student in Social Anthropology at Harvard University. Her research focuses on how managing surplus populations and tapping into fortunes at the “bottom-of-the-pyramid” are twin-logics that undergird poverty alleviation projects in rural Rajasthan.

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F. Grillo and R. Nanetti, "Democracy and Growth in the 21st Century: The Diverging Cases of China and Italy" (Palgrave Macmillan, 2019) May 22, 2019

Today I spoke with Francesco Grillo (co-authored with Raffaella Nanetti) about his latest book, Democracy and Growth in the 21st Century: The Diverging Cases of China and Italy (Palgrave Macmillan, 2019). Despite the title, it is not strictly a book on China or Italy. It is a visionary contribution to both economics and political theory that reflects on the crisis of the West and the paradoxical success of China.

Is democracy still the best political regime for countries to adapt to economic and technological pressures and increase their level of prosperity? While the West seems to have stagnated in an environment of political mistrust, increasing inequality and low growth, the rise of the East has shown that it may not be liberal democracy that is best at accommodating the social mutations that technologies have triggered.

The cases of China and Italy form the research focus as two extremes in growth performance. China is the star of globalisation in the East, while Italy is the laggard of globalisation in the West and a laboratory of creeping political meltdown now shared by other major Western economies. But is this forever? Introducing the ‘innovation paradox’ as the main challenge to the West and the notion of ‘knowledge democracy’ as key to sustainable growth, this book presents a new side to the debate on the Fourth Industrial Revolution (or fifth as the authors argue). It is a vital reading for all those questioning what kind of democracy positively impacts innovation as the force whose speed and direction transforms societies and economies.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Kris Lane, "Potosí: The Silver City That Changed the World" (U California Press, 2019) May 20, 2019

In 1545, a native Andean prospector hit pay dirt on a desolate red mountain in highland Bolivia. There followed the world's greatest silver bonanza, making the Cerro Rico or "Rich Hill" and the Imperial Villa of Potosí instant legends, famous from Istanbul to Beijing. The Cerro Rico alone provided over half of the world's silver for a century, and even in decline, it remained the single richest source on earth. Potosí: The Silver City That Changed the World(University of California Press, 2019), is the first interpretive history of the fabled mining city’s rise and fall. It tells the story of global economic transformation and the environmental and social impact of rampant colonial exploitation from Potosí’s startling emergence in the 16th century to its collapse in the 19th. Kris Lane, France V. Scholes Chair in Colonial Latin American History at Tulane University, provides an invigorating narrative and rare details of this thriving city as well as its promise of prosperity. A new world of native workers, market women, African slaves, and other ordinary residents who lived alongside the elite merchants, refinery owners, wealthy widows, and crown officials, emerge in lively, riveting stories from the original sources. An engrossing depiction of excess and devastation, Potosí reveals the relentless human tradition in boom times and bust.

Ryan Tripp is adjunct history faculty for the College of Online and Continuing Education at Southern New Hampshire University.

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Nancy Tomes, "Remaking the American Patient" (UNC Press, 2016) Apr 25, 2019

In a work that spans the twentieth century, Nancy Tomes questions the popular--and largely unexamined--idea that in order to get good health care, people must learn to shop for it. Remaking the American Patient: How Madison Avenue and Modern Medicine Turned Patients into Consumers (University of North Carolina Press, 2016) explores the consequences of the consumer economy and American medicine having come of age at exactly the same time. Tracing the robust development of advertising, marketing, and public relations within the medical profession and the vast realm we now think of as "health care," Tomes considers what it means to be a "good" patient. As she shows, this history of the coevolution of medicine and consumer culture tells us much about our current predicament over health care in the United States. Understanding where the shopping model came from, why it was so long resisted in medicine, and why it finally triumphed in the late twentieth century helps explain why, despite striking changes that seem to empower patients, so many Americans remain unhappy and confused about their status as patients today.

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William Gale, "Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future" (Oxford UP, 2019) Apr 24, 2019

The US government is laboring under an enormous debt burden, one that will impact the living standards of future generations of Americans by limiting investment in people and infrastructure. In his new book, Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future (Oxford University Press, 2019), Brookings Institution senior scholar William Gale tackles the challenge head on, addressing what needs to happen to healthcare spending, Social Security, individual taxes, and corporate taxes, in order to make the numbers add up. It makes for sober reading, and the longer we wait, the worse the situation becomes. And the key challenge may not even be fiscal, but political, as the disagreements in Washington over the debt are as deep as the debt is large. Gale ends by making a few simple, inside-Washington suggestions as to how he thinks the political impasse can be broken.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Allison Schrager, "An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk" (Portfolio, 2019) Apr 09, 2019

Whether you are a commuter weighing options of taking the bus vs walking to get you to work on time or a military general leading troops into war, risk is something we deal with every day. Even the most cautious of us can’t opt out—the question is always which risks to take to maximize our results. But how do we know which path is correct? Enter Allison Schrager. Schrager is not a typical economist. Like others, she has spent her career assessing risk, but instead of crunching numbers or sitting at a desk, she chose to venture out. Now, she travels to unexpected places to uncover how financial principles can be used to navigate hazards and prevent danger. In her new book An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk (Portfolio, 2019), Schrager puts together a five-pronged approach for understanding and assessing risk. First, she helps define what risk and reward mean for individuals. Then, taking into account irrationality and uncertainty, Schrager helps readers master their domains and ultimately get the biggest bang for what she calls the “risk buck.” While there are certain factors that cannot be predicted, An Economist Walks Into A Brothelmarries financial economics with real life examples to provide a road map, offer concrete advice, and maximize payoff.

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Patrick Sharma, "Robert McNamara’s Other War: The World Bank and International Development" (U Pennsylvania Press, 2017) Apr 08, 2019

Robert McNamara is best remembered today for his momentous term as Secretary of Defense in the 1960s. Often overlooked because of this is his even longer tenure as president of the World Bank, one that reflected both the strengths and flaws of McNamara’s leadership. In Robert McNamara’s Other War: The World Bank and International Development (University of Pennsylvania Press, 2017), Patrick Sharma situates McNamara’s tenure within the context of the changes taking place both in international development and in the broader global economy. Sharma describes how in the two decades prior to McNamara’s selection to run it the World Bank was a relatively small institution focused mainly on financing infrastructure projects in the developing world. McNamara brought to the agency a determination to do more, dramatically expanding the number of staff employed and redirecting the focus of the organization towards fighting global poverty. While Sharma details the Bank’s success in expanding its access to financial resources and in establishing a key advisory role in development projects undertaken throughout the world, he also notes the more controversial aspects of McNamara’s time at the Bank, most notably the introduction of structural adjustment funding and the problems this would create for many nations after McNamara left the Bank in 1981.

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Kevin T. Smiley, "Market Cities, People Cities: The Shape of Our Urban Future" (NYU Press, 2018) Apr 02, 2019

Are market cities better than people cities? Does the satisfaction that residents take in their city vary from market city to people city? In Market Cities, People Cities: The Shape of Our Urban Future (NYU Press, 2018), Dr. Michael Oluf Emerson and Dr. Kevin T. Smiley identify the kinds of cities people want to live in and the façades strategically placed by city administrators to draw a specific crowd. Emerson and Smiley characterize cities as being somewhere along a spectrum with market city as one extreme and people city as the other extreme. Market cities are inclined to focus on wealth, employment, individualism, and economic opportunity. People cities are more egalitarian, with government investment in infrastructure and an active civil society.

In this interview, Dr. Smiley discusses the implications urban design and policy have on environment and on the experience of people who inhabit these two types of cities. He shares that the approach in which a city takes to mitigate and respond to environmental disaster can be a distinguishing characteristic for labeling a city as market city or people city. Each city lies somewhere along the spectrum and likely does not land on either extreme. An interesting find, however, that Dr. Smiley bore out is that inhabitants of both market cities and people cities tend to be generally satisfied with their place of residence.

Michael O. Johnston is an Assistant Professor of Sociology at William Penn University. He is currently conducting research on the continuous process that occurs with placemaking at farmers’ market.

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Sheilagh Ogilvie, "The European Guilds: An Economic Analysis" (Princeton UP, 2019) Mar 20, 2019

Guilds were prominent in medieval and early modern Europe, but their economic role has seldom been studied. In The European Guilds: An Economic Analysis (Princeton University Press, 2019), Sheilagh Ogilvie offers a wide-ranging examination of what guilds did and how they affected pre-modern economies. As Ogilvie explains, guilds were particularized institutions which created and enforced privileges for their members while denying them to outsiders. This authority was granted to them by rulers and governments, and depended on their intricate relationship with the public authorities. Their privileges entitled guilds to determine who could participate in a profession, the quality of the items their members produced, and the technological innovations their members could adopt. Ogilvie looks at all aspects of guild activities to show their wide-ranging impact on the economies of their time, and the ways they pursued their members’ interests even when it stifled growth for the rest of society.

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Discussion of Massive Online Peer Review and Open Access Publishing Mar 19, 2019

In the information age, knowledge is power. Hence, facilitating the access to knowledge to wider publics empowers citizens and makes societies more democratic. How can publishers and authors contribute to this process? This podcast addresses this issue. We interview Professor Austin Choi-Fitzpatrick, whose book, The Good Drone: How Social Movements Democratize Surveillance (forthcoming with MIT Press) is undergoing a Massive Online Peer-Review (MOPR) process, where everyone can make comments on his manuscript. Additionally, his book will be Open Access (OA) since the date of publication. We discuss with him how do MOPR and OA work, how he managed to combine both of them and how these initiatives can contribute to the democratization of knowledge.

You can participate in the MOPR process of The Good Drone through this link: https://thegooddrone.pubpub.org/

Felipe G. Santos is a PhD candidate at the Central European University. His research is focused on how activists care for each other and how care practices within social movements mobilize and radicalize heavily aggrieved collectives.

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Kartik Hosanagar, "A Human’s Guide to Machine Intelligence: How Algorithms Are Shaping Our Lives" (Viking, 2019) Mar 12, 2019

Our guest today is Kartik Hosanagar, the author of A Human’s Guide to Machine Intelligence: How Algorithms Are Shaping Our Lives and How We Can Stay in Control(Viking, 2019). This is one of those rare books that I think everyone can read and I think everyone should read. In fact, knowledge of algorithms can in some sense be considered to be the literacy of the 21st century, and the author has written a book which can greatly held advance this type of literacy. If you want to become 21st-century literate, you should read this instructive and immensely enjoyable book.

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David Colander and Craig Freedman, "Where Economics Went Wrong: Chicago's Abandonment of Classical Liberalism" (Princeton UP, 2018) Mar 11, 2019

If you are reading this, you have probably run into the "Chicago" model at some point or another, in terms of public policy, orthodox modern finance, macro or micro economics, or any other arena where theoretical abstractions about human behavior (generally but not exclusively about or derived from economics) have been turned into specific and often highly rigid and mechanistic policy guidelines. That's the Chicago model. In Where Economics Went Wrong: Chicago's Abandonment of Classical Liberalism(Princeton University Press, 2018), David Colander and Craig Freedman track the transition from the great Classical economists, who went to great lengths to make clear that their abstractions had little direct relevance to policy or would-be policy, to the 20th-century giants at the University of Chicago (Friedman, Stigler, Director), who found themselves responding to aggressive claims from other economists engaged in policy and politics, as well the broader context of ideological challenges to the free market system championed in the West. Their answer was a robust defense of the market and rejection of government involvement in almost all human affairs.

Colander and Freedman stay more or less neutral on the ideology; their topic is the methodology. Is abstract economic thought fit for specific policy application or not? John Stuart Mill thought not. David Ricardo and Adam Smith engaged the issue. The Chicago School said sure to policy prescriptions, especially if they countered government involvement championed by economists of different leanings. Whether or not you are an admirer of the Chicago model, you will want to make sure you understand the methodological transition that brought their Ivory Tower views into your everyday affairs.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Global Oil and Social Change with Leif Wenar Mar 05, 2019

Leif Wenar the Chair of Philosophy and Law at Kings College London. He is the author of the 2016 book Blood Oil: Tyrants, Violence, and the Rules that Run the World. This book has led to the publication, in 2018, of a companion volume, Beyond Blood Oil: Philosophy, Policy, and the Future.

The "Why We Argue" podcast is produced by the Humanities Institute at the University of Connecticut as part of the Humility and Conviction in Public Life project.

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Alfredo Toro Hardy, "The Crossroads of Globalization. A Latin American View" (World Scientific Publishing. 2019) Feb 21, 2019

The Crossroads of Globalization. A Latin American View (World Scientific Publishing Co. 2019) explores the complex interaction of several forces shaping the current world economic situation. Alfredo Toro Hardy analyzes the leadership of China and the economic strength of Asia, transnational companies, and international organizations like the IMF as forces in favor of globalization, while populism, and the Fourth Industrial Revolution are part of the anti-globalization trend. By giving a worldwide context, the author situates Latin America as a region that is facing several challenges in order do be part of a phenomenon that is developing with uncertain outcomes. Toro Hardy also provides some of the paths the region could follow in the near future.

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Danyel Reiche, "Success and Failure of Countries at the Olympic Games" (Routedge, 2016) Feb 05, 2019

Today we are joined by Danyel Reiche, Associate Professor of Comparative Politics at the American University of Beirut, and the author of Success and Failure of Countries at the Olympic Games (Routedge, 2016)

In Success and Failure, Reiche provides a playbook for National Committees that want to win more medals. Reiche’s fascinating work moves beyond the macro level analysis of international sports success to offer concrete policy initiatives for the 21st century. Previous studies have shown that GDP, population size, and even political or cultural ideologies can grant some countries athletic advantages – for example geography plays a large role in determining the winners at the Winter Games – but Reiche illustrates that these factors are not the only ones that matter. Why is Germany so successful at the luge while snowy Sweden seems to unsuccessful. The key to winning medals, Reiche’s WISE formula suggests, lay in (W) investing in female athletes, (I) institutionalization of a nation’s sports management, (S) specialization in specific sports, and the (E) early adoption of new sports or sports practices. In developing his WISE formula, Reiche called upon a wide array of secondary source material as well as his own original research in sports in the Middle East. Along the way, he offers a thorough examination of sports policies, programs, and pitfalls around the world as case studies. His examinations leads us from the institutionalization of sports in Australia to the achievements of the Chinese women’s weight lifting team. Only the United States seems to defy easy categorization. Danyel Reiche’s compelling book should be required reading for sports bureaucrats around the world but will also be of interest to scholars and lay readings fascinated by the Olympic Games.

Keith Rathbone is a lecturer at Macquarie University in Sydney, Australia. He researches twentieth century French social and cultural history. His manuscript, entitled A Nation in Play: Physical Culture, the State, and Society during France’s Dark Years, 1932-1948, examines physical education and sports in order to better understand civic life under the dual authoritarian systems of the German Occupation and the Vichy Regime. If you have a title to suggest for this podcast, please contact him at keith.rathbone@mq.edu.au

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Steven Attewell, "People Must Live by Work: Direct Job Creation in America, from FDR to Reagan" (U Penn Press, 2018) Jan 31, 2019

There’s lot of talk these days, at least in some circles on the left, of a Universal Basic Income. There’s also talk in many of the same circles of a jobs guarantee. Join us as we speak with Steven Attewell, author of People Must Live by Work: Direct Job Creation in America, from FDR to Reagan (University of Pennsylvania Press, 2018). He tells us the history of direct job creation by government in the U.S. and the lessons to be learned from the successes and failures of such efforts throughout the 20th century. It's a fascinating, surprising, and essential history.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A Peoples History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Sam Friedman and Daniel Laurison, "The Class Ceiling: Why it Pays to be Privileged" (Policy Press, 2019) Jan 31, 2019

Who gets in to top professions? In The Class Ceiling: Why it pays to be privileged (Policy Press, 2019), Drs Sam Friedman, an associate professor of sociology at LSE, and Daniel Laurison, an assistant professor of sociology at Swarthmore College, explore the dominance of social elites in top professions. The book draws on theories of social mobility and the work of Pierre Bourdieu to explain how top professions are highly exclusive, with under representations of women, ethnic minorities, and those from working class backgrounds. Moreover, even when individuals from these demographics do enter top jobs such as law, medicine, and accountancy, along with media occupations and acting, they suffer gaps in pay because of their class, race, and gender. The intersection of these demographics is crucial to the analysis, and the book uses detailed qualitative research to explain this 'class ceiling', showing how economic, cultural, and social capital play out to account for how inequality is replicated in the workplace and beyond. The book is essential reading for everyone interested in contemporary social inequality.

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Daromir Rudnyckyj, "Beyond Debt: Islamic Experiments in Global Finance" (U Chicago Press, 2018) Jan 24, 2019

Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. In Beyond Debt: Islamic Experiments in Global Finance (University of Chicago Press, 2018), anthropologist Daromir Rudnyckyj illustrates how the Malaysian state, led by the central bank, is seeking to make the country’s capital Kuala Lumpur the central node of global financial activity conducted in accordance with Islam. Beyond Debt tracks efforts to re-center international finance in an emergent Islamic global city and, ultimately, to challenge the very foundations of conventional finance.

Daromir Rudnyckyj is Associate Professor of anthropology at the University of Victoria.

Hillary Kaell co-hosts NBIR and is Associate Professor of Religion at Concordia University in Montreal, Canada.

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Rodrigo Zeidan, "Economics of Global Business" (MIT Press, 2018) Jan 18, 2019

I spoke with Professor Rodrigo Zeidan of New York University, Shanghai. He has just published Economics of Global Business (MIT Press, 2018), a great book with innovative real-world macroeconomic analyses of timely policy issues, with case studies and examples from more than fifty countries. The book is particularly suitable for use as an introduction to macroeconomics for business students. If you are looking for something accessible that covers also the most contemporary topics (inequality, climate change, migration, sustainability, austerity, financial crisis…), go and buy it.

It is a beautiful book written having in mind students with no previous education in economics. It is original in its style, in the selection of themes and in the approach to policy making. The book is divided into two parts and 15 chapters. The preface starts with an amazing personal story of his infancy.

After presenting analytical foundations, modeling tools, and theoretical perspectives, Economics of Global Business goes a step further than most other texts, with a practical look at the local and multinational tradeoffs facing economic policymakers in more than fifty countries. Topics range from income equality and the financial crisis to GDP, inflation and unemployment, and, notably, one of the first macroeconomic examinations of climate change. Written by a globetrotting economist who teaches and consults on three continents, Economics of Global Business aims not for definitive answers but rather to provide a better understanding of the context-dependent rationales, constraints, and consequences of economic policy decisions.

The book covers long-run and short-run growth (with examples from the United States, China, the European Union, South Korea, Japan, Latin America, Africa, Australia, and Vietnam); financial crises and central banks; monetary and fiscal policies; government budgets; currency regimes; climate change and macroeconomics; income inequality; and globalization. All chapters rely on recent and historical examples of economic policy in action.

Rodrigo Zeidan is an Associate Professor of Practice of Business and Finance at New York University Shanghai and a Visiting Professor at Brazil's Fundação Dom Cabral and Copenhagen Business School. His more recent research focuses on Sustainable Finance, alongside issues in Corporate Finance and Development Economics. Alongside his article in Nature Sustainability, his research has been published in the Journal of Corporate Finance, Harvard Business Review, Journal of Business Ethics and Journal of Environmental Management, among others. Rodrigo has written extensively for media outlets, including the The New York Times, World Economic Forum, Bloomberg, Americas Quarterly and Financial Times.

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Hassan Malik, "Bankers and Bolsheviks: International Finance and the Russian Revolution" (Princeton UP, 2018) Jan 03, 2019

Lumbering late Tsarist Russia and international finance? Is there anything there? The Bolsheviks and finance? How can there be anything there? It turns out that the answer to both questions is yes. In Dr. Hassan Malik's meticulously researched new book, Bankers and Bolsheviks: International Finance and the Russian Revolution (Princeton University Press, 2018), the Tsarist government's relationship to foreign investors, mostly French bondholders, becomes a lens to judge the efficacy of Sergei Witte, Russia's reformist finance minister and, briefly, prime minister, in the early 20th century. The same approach is applied on the eve of World War I where the state of international investment in Russia provides a perspective on the existing debate as to whether Russia was on the road to recovery or revolution when World War I broke out. During the war and in 1917, Western bankers generally seem indifferent to the risks that are emerging from Russia. Indeed, an American bank, the forerunner to Citibank, was opening up branches in Russia in late 1917 as the Bolsheviks were taking power. Soviet Russia's repudiation of its Western debts now seems like an obvious and inevitable outcome, but Malik documents how it came about and the debates among the Bolsheviks as to how to handle Russia's government debt. Beyond students of Russian history, readers interested in how governments can fail, and how risk can appear in a financial system thought stable and safe will find this book of great interest.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Anne Reinhardt, "Navigating Semi-Colonialism: Shipping, Sovereignty, and Nation-Building in China, 1860–1937" (Harvard U Asia Center, 2018) Jan 02, 2019

At a time when trade between China and the outside world is rarely out of the news, it remains important to remember that in centuries past global commerce moved in directions very different from those which dominate the present. This was especially evident during the nineteenth and twentieth centuries when Western countries and Japan employed a mix of coercive and collaborative mechanisms to foist their wares and business priorities on China, dominating the country’s trade and customs.

Anne Reinhardt’s new book Navigating Semi-Colonialism: Shipping, Sovereignty, and Nation-Building in China, 1860–1937 (Harvard University Asia Center, 2018) focuses on these very dynamics and specifically the place of steam shipping as ‘a means of interrogating China’s experience of Euro-American and Japanese colonialism’ (p.2). Reinhardt's book reveals how trade in China’s coastal and inland waters, and the very vessels via which this was conducted, were sites where myriad grander processes crystallized in physical space. From the closer quarters of boardrooms, government departments and cabins below deck, Reinhardt also takes us to higher levels of elevation, revealing the place of steam shipping within global developments in trade, transport and technology during this crucial period. As well as being a captivating read, the book's fresh and nuanced presentation of China's ‘semi-colonial’ experience is vital for better understanding a history which to this day informs relations between China and the world at large.

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Alessandro Arduino and Xue Gong, "Securing the Belt and Road" (Red Globe Press, 2018) Dec 20, 2018

Alessandro Arduino and Xue Gong’s Securing the Belt and Road, Risk Assessment, Private Security and Special Insurances Along the New Wave of Chinese Outbound Investments (Red Globe Press, 2018) significantly contributes to an understanding not only of China’s ambitious infrastructure and energy driven Belt and Road Initiative, but also the increasing challenges it poses for China itself. The multiple security issues the initiative poses, including political instability, religious and ethnic tensions, fragile legal environments, criminality, environmental degradation and social strains, has sparked the rise of a Chinese private security industry with what the authors call Chinese characteristics. Populated primarily by former People’s Liberation Army and police officers, the industry is on a steep learning curve that makes it dependent on Western and Russian expertise. It also has to come to grips with the fact that China’s mushrooming overseas investment threatens to drag the People’s Republic into international crises. Arduino and Gong and their contributors to this edited volume lay out a compelling argument for the need to not only physically secure Chinese personnel and assets but also develop guidelines for risk assessment, special insurance vehicles and crisis management in a world in which state-owned enterprises lack adequate security or an understanding for the utility of corporate social responsibility. In doing so, their edited volume constitutes a major addition to the understanding of China’s Belt and Road Initiative that de facto creates a building block of an as yet undefined new world order.

James M. Dorsey is a senior fellow at Singapore’s S. Rajaratnam School of International Studies.

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Ian D. Gow and Stuart Kells, "The Big Four: The Curious Past and Perilous Future of the Global Accounting Monopoly" (Berrett-Koehler Publishers, 2018) Dec 17, 2018

You mean accounting has a history? Yes, it does, and it should matter to you, because the accounting profession, and the audit function that it serves, affects all the companies in your 401(k) program. Remember WorldCom, remember Enron? Every time a large holding of yours writes off the goodwill from a failed acquisition--there are too many examples to recite here--you've just had an accounting moment. In The Big Four: The Curious Past and Perilous Future of the Global Accounting Monopoly (Berrett-Koehler Publishers, 2018), Ian D. Gow and Stuart Kells describe the history of the auditing profession and how it has come to be concentrated in four global entities. They assess the current challenges the industry faces and where it could head to address those challenges. People in finance, business owners, and anyone with a 401(k) should find this book of interest.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Eric Helleiner, "Forgotten Foundations: International Development and the Making of the Postwar Order" (Cornell UP, 2018) Dec 11, 2018

The story of Bretton Woods has been told by countless historians. We have a good sense of the wartime context, the negotiations themselves, the roles of many of the main actors (especially Great Britain and the United States), and the conference’s meaning for postwar global history. What can another book possibly tell us? Lots, actually.

In his new book Forgotten Foundations: International Development and the Making of the Postwar Order (Cornell University Press, 2018), Eric Helleiner, a political economist at Waterloo University, retells this history with fresh, more globally-searching eyes in his book Forgotten Foundations: International Development and the Making of the Postwar Era. He examines the conference’s prehistory, which he locates in the United States’ Good Neighbor Policy towards Latin America in the 1930s. He follows representatives from the Global South in and around the conference, showing how they shaped the negotiations and the final agreements. And, finally, he reveals that the conference participants were very interested in the concept of development, a concept that many historians periodize a few years later.

The award-winning book should interest economic historians, historians of finance, global historians, historians of U.S. foreign policy, and anyone wanting a fuller, more inclusive account of how global governance works.

Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Aleksandr V. Gevorkyan, "Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union" (Routledge, 2018) Dec 07, 2018

We spoke with the author Aleksandr V. Gevorkyan. His book Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union (Routledge, 2018) is a very interesting contribution to the understanding of Soviet economies and their transition, or transformation, as Aleksandr argues. In his book he also discusses the aspect of human transition. I started our conversation asking ‘transition towards what?’ Towards western market economies? Is the field of transition economics affected by the emergence of the successful Chinese model? We briefly discussed the variety of models among the soviet and eastern European nations and how differently they completed their transition.

His interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration.

Gevorkyan believes that the transformational experience of the “transition” economies must be studied objectively and needs to be more fully integrated within the broader field of economic development. It cannot be reduced to examples of economic models, which is the tendency in literature, but needs to be viewed in its historical continuity with many implications on social evolution.

This excellent book is an important tool for graduate students, scholars and policy makers.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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McKenzie Wark, "General Intellects: Twenty-One Thinkers for the Twenty-First Century" (Verso, 2017) Dec 06, 2018

McKenzie Wark’s new book offers 21 focused studies of thinkers working in a wide range of fields who are worth your attention. The chapters of General Intellects: Twenty-One Thinkers for the Twenty-First Century (Verso, 2017) introduce readers to important work in Anglophone cultural studies, psychoanalysis, political theory, media theory, speculative realism, science studies, Italian and French workerist and autonomist thought, two “imaginative readings of Marx,” and two “unique takes on the body politic.” There are significant implications of these ideas for how we live and work at the contemporary university, and we discussed some of those in our conversation. This is a great book to read and to teach with!

Carla Nappi is the Andrew W. Mellon Chair in the Department of History at the University of Pittsburgh. You can learn more about her and her work here.

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Llerena Searle, "Landscapes of Accumulation: Real Estate and the Neoliberal Imagination in Contemporary India" (U Chicago Press, 2015) Dec 05, 2018

Few who have visited India in the past two decades will have failed to noticed the sudden and spectacular urban transformation that has taken place in many of its cities. Gated residential complexes with tennis courts and indoor gyms, glitzy office buildings, gleaming five-star hotels, and of course air-conditioned malls have become ubiquitous as the new face of a “new” India, often understood as symbols of a long-awaited global modernity. Getting behind the glittery facade, Llerena Searle’s new book Landscapes of Accumulation: Real Estate and the Neoliberal Imagination in Contemporary India (University of Chicago Press, 2015) shows that these buildings are not built to service consumer India; they are built for real estate developers and international investors for whom Indian real estate has become a profitable speculative gamble. Indian land and buildings are no longer local resources for production or use; they are turning, or more accurately being turned, into internationally tradeable financial assets. How this happens, by whose effort, and against what frictions is the story that the book tells. Searle shows that it is through the narrative of a rising Indian middle class that investments are solicited and a real estate boom created. Through ethnographic attention to the practices and labors of real estate producers, Searle offers an innovative, sophisticated and refreshingly human story of the making of neoliberal India, a story has ultimately shows that the new landscapes that are cropping up all over India are landscapes first and foremost of accumulation. This book will be of interest to readers in urban studies, economics, anthropology, and of course South Asian Studies.

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Sohini Kar, "Financializing Poverty: Labor and Risk in Indian Microfinance" (Stanford UP, 2018) Nov 28, 2018

Is microfinance the magic bullet that will end global poverty or is it yet another a form of predatory lending to the poor? In her new book Financializing Poverty: Labor and Risk in Indian Microfinance (Stanford University Press, 2018), Sohini Kar brings ethnography to bear on this urgent question. Drawing on fieldwork with a for-profit microfinance institution (MFI) and its intended beneficiaries in the Indian city of Kolkata, the book brings into view the perils of “financial inclusion” for the poor. Kar argues that new streams of credit are increasingly used to capitalize on poverty rather than to challenge it. Richly peopled, the book evinces a deep commitment to understanding economic life as it is lived and experienced by everyday people rather than through abstract models. We meet founders of MFIs remaking themselves with narratives of social business, loan officers trying to balance the performance of care with pressures of debt-recovery, poor women taking out consumption loans and striving for middle-class identities, and debt-ridden borrowers struggling to manage the costs of living and the pressures of repayment. The experiences of this cast of characters are framed within the larger histories of debt and power in Kolkata, in West Bengal, and in India more broadly. Financializing Poverty combines theoretical sophistication with clear and engaging prose to shed light on the ways in which profit is made off of poverty. The book will be of interest to readers in the fields of anthropology, economics, and development studies, as well as readers interested in South Asia and global poverty.

Aparna Gopalan is a Ph.D. student in Social Anthropology at Harvard.

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Shobita Parthasarathy, “Patent Politics: Life Forms, Markets, and the Public Interest in the United States and Europe” (U Chicago Press, 2017) Nov 21, 2018

In Patent Politics: Life Forms, Markets, and the Public Interest in the United States and Europe (University of Chicago Press, 2017), Shobita Parthasarathy takes us through a thirty year history of the legal debates around patents. This is an understudied area of STS that Parthasarathy carefully navigates in order to understand how knowledge production interacts with law. The reader learns the differences in values, law and objects between US and European patent politics. This comparison brings into focus the role that law, biotechnology corporations, scientists, activists, and more play in deciding what knowledge deserves legal protection. Patent Politics is a fascinating read that will continue to be relevant for many years to come.

Chad J. Valasek is a Ph.D. Candidate in Sociology & Science Studies at the University of California, San Diego. His research interests include the history of the human sciences, the influence of the behavioral sciences on medical practice and health policy, and political activism around science and the arts. You can follow him on Twitter @chadjvalasek.

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Randy Shaw, “Generation Priced Out: Who Gets to Live in the New Urban America?” (U California Press, 2018) Nov 21, 2018

Why is housing so expensive in so many cities, and what can be done about it? Join us as we speak with long-time San Francisco housing activist Randy Shaw about his book Generation Priced Out: Who Gets to Live in the New Urban America? (University of California Press, 2018). In it, he lays out the causes and consequences of the affordability crisis in San Francisco, Oakland, LA, Austin, New York, Denver, Seattle, and elsewhere.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A Peoples History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford, 2017).

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Bryan Caplan, “The Case against Education: Why the Education System Is a Waste of Time and Money” (Princeton UP, 2018) Nov 20, 2018

Pretty much everyone knows that the American healthcare system is, well, very inefficient. We don’t, so critics say, get as much healthcare bang for our buck as we should. According to Bryan Caplan, however, the American educational system–higher education in particular–is much, much worse. In The Case against Education: Why the Education System Is a Waste of Time and Money (Princeton University Press, 2018), Caplan argues that we are quite literally paying a fortune and getting almost nothing of any collective value. Pretty much all the news in this book is bad. Students spend a ton on secondary ed, but they don’t learn many marketable skills. In fact, the don’t learn much at all: they forget almost everything they learn in college quite quickly. Taxpayers heavily subsidize this “learning” experience, but the social payoff is dramatically less than the investment. College is a good deal for good students, but it’s a very bad deal for the many poor students who don’t finish and have thus wasted their savings and several years of their lives–years they could have been working and accumulating money instead of throwing it away. College doesn’t make us culturally or ethically better people by almost any definition of “better.” Interestingly, despite what conservative pundits say, it doesn’t even change our political views: even though the vast majority of professors are liberal, and their courses perhaps have a liberal slant, students come out of college with the same political attitudes they brought to it. What does college do for students? According to Caplan’s compelling argument, it signals to employers that they are conscientious and hard working enough to (you guessed it) finish college and, by inference, work an ordinary job. That, he says, is a very costly signal.

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Andrew L. Yarrow, “Man Out: Men on the Sidelines of American Life” (Brookings Institution Press, 2018) Nov 09, 2018

In the era of #MeToo, Brett Kavanaugh, and Donald Trump, masculinity and the harmful effects that follow certain versions of masculinity have become national conversations. Now, like many other times throughout American history, people are asking “what’s wrong with men?” Some men, however, are not widely talked about. In his new book Man Out: Men on the Sidelines of American Life (Brookings Institution Press, 2018), Dr. Andrew Yarrow investigates these “lost men”: those who have left the workforce, isolate themselves, and ultimately become angry. While most would immediately think of the out-of-work coal miner in middle America, Yarrow explains that the population of men who find themselves “out” cut across most demographics. Are these men forced out by larger economic forces? Is something happening culturally that is leading to their isolation? Yarrow tackles these questions and more, along with how we can possibly bring these men “back in.”

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Gary Saul Morson and Morton Schapiro, “Cents and Sensibility: What Economics Can Learn from the Humanities” (Princeton UP, 2017) Nov 02, 2018

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree. In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family. This is an ambitious and original work. Many will disagree with it, but few will be able to put it down.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Caitlin C. Rosenthal, “Accounting for Slavery: Masters and Management” (Harvard UP, 2018) Oct 31, 2018

The familiar narrative of American business development begins in the industrial North, where paternalistic factory owners, committed to a kind of Protestant ethic, scaled up their operations into ‘total institutions’—an effort to forestall labor turnover by providing housing and fulfilling community needs. Many of these firms were, of course, dependent on the availability of cotton from the South where, as Caitlin C. Rosenthal argues, modern management practices were expanded and refined through experimentation with enslaved workers. Accounting for Slavery: Masters and Management (Harvard University Press, 2018) resituates the development of scientific record-keeping and labor optimization practices within the Atlantic slave trade. The book pays close attention to how sophisticated reporting practices, emerging from the standard record books that circulated throughout the Atlantic world, allowed planters to rate and categorize enslaved people in a generalizable way. The book is an invitation to rethink the genealogy of business management, to disabuse professionals of a claim to moral distance from a time when unfettered legal control over a labor force—as capital—created hitherto unknown opportunities for knowledge production and experimentation with efficiency.

Mikey McGovern is a PhD candidate in Princeton University’s Program in the History of Science. He works on computing, quantification, communication, and governance in modern America.

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Adam Reich and Peter Bearman, “Working for Respect: Community and Conflict at Walmart” (Columbia UP, 2018) Oct 29, 2018

When we hear about the “future of work” today we tend to think about different forms of automation and artificial intelligence—technological innovations that will make some jobs easier and others obsolete while (hopefully) creating new ones we cannot yet foresee, and never could have. But perhaps this future isn’t so incomprehensible. Perhaps it’s here already, right in front of our faces, at the largest employer in the world. In their new book, Working for Respect: Community and Conflict at Walmart (Columbia University Press, 2018) sociologists Adam Reich and Peter Bearman analyze what it means to work at the world’s largest retailer—and the largest provider of low-wage jobs. Through stories from Walmart employees and observations from stores around the country, they provide much insight into their working conditions and the relationship they have with their surrounding communities. But a truly novel approach and broad set of additional methods make the book shine. Inspired by the Freedom Summer of 1964, in 2014 (the 50th anniversary of that pivotal event) Reich and Bearman launched the “Summer of Respect,” for which they hired a team of college students to work on membership registration for OUR Walmart, a voluntary association of current and former Walmart associates. The students fanned out in teams to communities around the United States, and in addition to organizing and gathering data on Walmart workers, Reich and Bearman also examined them upon their return to determine the influence that social justice engagement has on people. Working for Respect, then, goes far beyond the typical “bad jobs” treatment to provide an impressive look at the important role of community in social change.

Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY). He is the author of Masters of Craft: Old Jobs in the New Urban Economy (Princeton University Press, 2017), about the transformation of low-status occupations into cool, cultural taste-making jobs (cocktail bartenders, craft distillers, upscale men’s barbers, and whole animal butchers), and of Upscaling Downtown: From Bowery Saloons to Cocktail Bars in New York City (Princeton University Press, 2014), about growth policies, nightlife, and conflict in gentrified neighborhoods. His work has appeared in such journals as City & Community, Poetics, Ethnography, and the European Journal of Cultural Studies. He is also the editor of Ethnography and the City: Readings on Doing Urban Fieldwork (Routledge, 2012), a co-Book Editor at City & Community, and serves on the editorial boards of the journals Metropolitics, Work and Occupations, and the Journal for Undergraduate Ethnography.

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Ching Kwan Lee, “The Specter of Global China: Politics, Labor, and Foreign Investment in Africa” (U Chicago Press, 2018) Oct 25, 2018

Today we talked with Ching Kwan Lee, professor of sociology at the University of California, Los Angeles. She has just published The Specter of Global China: Politics, Labor, and Foreign Investment in Africa (University of Chicago Press, 2018), an amazing new book based on her field study in Africa where she investigated the Chinese investments. The book is extremely interesting for its methodology and unconventional findings. Lee’s research project lasted for 7 years during which she has conducted field research in copper mines and construction sites in Zambia. A key question addressed is if Chinese capital is a different type of capital. By the end of the conversation we will know if it is different and if yes, if it is a better or a worse type of capital. Lee has defined Chinese state capital compared with global private capital in terms of business objectives, labour practices, managerial ethos and political engagement with Zambia. She has written a book with huge policy implications. A great contribution to so many fields, sociology of labour first among them. But above all she has written a beautiful book that is a pleasure to read. At times it reads like a novel, particularly the long appendix, called ‘An ethnographer’s odyssey: the mundane and the sublime of searching China in Zambia’.

We discussed why China’s presence in Africa is so controversial and what type of Chinese investors are there. Her work focuses on large state-owned companies. Lee’s project in Africa is a continuation of her previous field study of labour in China (Against the Law: Labor Protests in China’s Rustbelt and Sunbelt (University of California Press, 2007). But this book has another important predecessor, the study of labour in Zambian mines conducted by the great British-American sociologist, Michael Burawoy. She told us about her relationship with him and his work. Lee also discussed whether it is appropriate to use the term “imperialism” to represent Chinese presence in Africa. She argues it is not. The book includes pictures of her field work in mines and construction sites. Definitely a beautiful book, brave piece of field research, nonconformist, original, important, erudite, pleasant to read.

Carlo D’Ippoliti is associate professor of economics at Sapienza University of Rome, and is editor of the open access economics journals ‘PSL Quarterly Review’ and ‘Moneta e Credito’. His recent publications include the ‘Routledge Handbook of Heterodox Economics’ (Routledge, 2017) and ‘Classical Political Economy Today’ (Anthem, 2018), both as co-editor.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Chloe Thurston, “At the Boundaries of Homeownership: Credit, Discrimination, and the American State” (Cambridge UP, 2018) Oct 24, 2018

Earlier this year, we heard from Suzanne Mettler and her book on the politics of policies hidden from view. Mettler explained that most Americans are benefiting from numerous public policies, but often fail to notice it because participation is hidden in the tax code. This leads to a disconnect between many citizens and the government.

This week, we return to similar terrain, with an excellent new book on homeownership policy. Chloe Thurston has written At the Boundaries of Homeownership: Credit, Discrimination, and the American State (Cambridge University Press, 2018). Thurston is assistant professor of political science at Northwestern University.

In the book, Thurston traces the evolution of homeownership policy since the Great Depression. These federal policies were a lifeline for many Americans, providing a variety of ways to promote homeownership through federally-backed insurance programs and policies embedded in the tax code. Not all Americans were so lucky. Thurston shows the ways that federal policy makers excluded African Americans from the benefits of the policies in the 1930s and 40s, and later the way women were shut out of homeownership policies in the 1970s. The focus of the book, though, is on the organized response of groups like the NAACP and NOW to challenge these discriminatory policies and challenge the status quo.

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Dirk H. Ehnts, “Modern Monetary Theory and European Macroeconomics” (Routledge, 2017) Oct 23, 2018

Today we spoke with with Dirk H. Ehnts to talk about his new book Modern Monetary Theory and European Macroeconomics (Routledge, 2017). This is a very accessible text for those interested in discovering how monetary policy works and those interested in approaching the debate on the challenges of the Euro area. We talked about the notions of endogenous and exogenous money and how central banks and commercial banks contribute to the creation of monetary aggregates. We discussed the difficulties of the European common currency project and its future of reform or dissolution. The book introduces the reader to the many relationships between money and other economic variables. In our conversation we also discussed how contemporary politics might affect the reform of the Euro area institutions. This is a very interesting and timely book. It was published in 2016 and there might be soon need for a newer edition in both cases of success or failure of the Euro.

Carlo D’Ippoliti is associate professor of economics at Sapienza University of Rome, and is editor of the open access economics journals PSLQuarterly Review and ‘Moneta e Credito’. His recent publications include the ‘Routledge Handbook of Heterodox Economics’ (Routledge, 2017) and ‘Classical Political Economy Today’ (Anthem, 2018), both as co-editor.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Jeffrey D. Sachs, “A New Foreign Policy: Beyond American Exceptionalism” (Columbia UP, 2018) Oct 10, 2018

If you are tired of reading the same, Washington-based, consensus, ‘realist’ and or ‘neo-conservative’, critiques of American foreign policy, here is something to salivate on: Jeffrey D. Sachs’, A New Foreign Policy: Beyond American Exceptionalism (Columbia University Press, 2018). By turns, noted author Jeffrey Sachs’ book is unorthodox, iconoclastic, novel and indeed at times eccentric. A New Foreign Policy provides a road map for a U.S. foreign policy that embraces globalism, cooperation, international law, and aspirations for worldwide prosperity—not nationalism and illusory dreams of empty and past glory. You may not agree with him, indeed you may believe that he is completely wrong and his facts do not add up. Regardless, Sachs’ book is the one that foreign policy experts will be discussing this Fall.

Charles Coutinho holds a doctorate in history from New York University. Where he studied with Tony Judt, Stewart Stehlin and McGeorge Bundy. His Ph. D. dissertation was on Anglo-American relations in the run-up to the Suez Crisis of 1956. His area of specialization is 19th and 20th-century European, American diplomatic and political history. It you have a recent title to suggest for a podcast, please send an e-mail to Charlescoutinho@aol.com.

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Byron Reese, “The Fourth Age: Smart Robots, Conscious Computers, and the Future of Humanity” (Simon & Schuster, 2018) Oct 04, 2018

In his new book, The Fourth Age: Smart Robots, Conscious Computers, and the Future of Humanity (Simon & Schuster, 2018), futurist, technologist, and CEO of Gigaom, Byron Reese makes the case that technology has reshaped humanity just three times in history: 100,000 years ago, we harnessed fire, which led to language; 10,000 years ago, we developed agriculture, which led to cities and warfare; and 5,000 years ago, we invented the wheel and writing, which lead to the nation state. He tells us that we are now on the doorstep of a fourth change brought about by two technologies: AI and robotics. His book provides an essential background on how we got to this point, and how—rather than what—we should think about the topics we’ll soon all be facing, such as machine consciousness, automation, changes in employment, creative computers, radical life extension, artificial life, AI ethics, the future of warfare, superintelligence, and the implications of extreme prosperity.

By asking questions like “Are you a machine?” and “Could a computer feel anything?”, Reese cultivates discussion at the cutting edge in robotics and AI, and provides a framework by which we can all understand, discuss, and act on the issues of the Fourth Age and how they’ll transform humanity.

Byron Reese is the CEO and publisher of the industry-leading technology research company Gigaom, and the founder of several high-tech companies. He has spent the better part of his life exploring the interplay of technology with human history. Reese has patents, obtained and pending, in disciplines as varied as crowdsourcing, content creation, and psychographics. The websites he has launched, which cover the intersection of technology, business, science, and history, have together received over a billion visitors and he is author of the acclaimed book, Infinite Progress: How Technology and the Internet Will End Ignorance, Disease, Hunger, Poverty, and War. He joins me today to talk about his new book, The Fourth Age.

Carrie Lynn Evans is a PhD student at Université Laval in Quebec City.

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Christopher Dietrich, “Oil Revolution: Anticolonial Elites, Sovereign Rights, and the Economic Culture of Decolonization” (Cambridge University Press, 2017) Oct 03, 2018

The 1973 oil crisis was an event of world-historic proportions, but the stories we tell about it often center the Global North. For instance, the first images that probably come to mind are of the long gas-station queues of Americans in their cars waiting to fill up at the height of the oil shortage. Christopher Dietrich, in his new book, Oil Revolution: Anticolonial Elites, Sovereign Rights, and the Economic Culture of Decolonization (Cambridge University Press, 2017) approaches the oil crisis with a different perspective. Instead of focusing on the American consumer’s struggles or the State Department’s outlook, Dietrich foregrounds oil elites from the Global South.

Dietrich documents how these elites overcame political and ideological differences to form OPEC, and how they sought to transform the global economy. By exploring, what he calls, “the economic culture of decolonization,” Dietrich shows how the material conditions and shared interests of oil elites facilitated their successful drive to organize and to raise oil prices. It is not an entirely happy story, however, as Dietrich traces the line from “sovereign rights” to the sovereign debt crisis of the 1980s.

The book is an impressive feat of scholarship and should reach a wide audience, including scholars of the Global South, resource politics, global governance, intellectual history, and U.S. foreign relations.

Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Ulrich Witt and Andreas Chai, “Understanding Economic Change: Advances in Evolutionary Economics” (Cambridge UP, 2018) Oct 01, 2018

We met with Prof. Ulrich Witt to discuss his recent book (co-edited with Andreas Chai), Understanding Economic Change, Advances in Evolutionary Economics (Cambridge University Press, 2018). This collection of essays is divided into five parts: Part I (Introduction), Part II (Conceptual and Methodological Problems), Part III (Perspectives on Evolutionary Macroeconomics), Part IV (Advances in Explaining and Assessing Institutional Evolution), Part V (Evolutionary Perspectives on Welfare and Sustainability).

Ulrich Witt, from the Max Planck Institute in Jena, Germany, is a leading figure in the evolutionary approach to economics. He contributed to define the conceptual basis of this approach and he applied it in several fields of economics, focusing on the historical transformations and the endogenous changes.

Geoffrey M. Hodgson (University of Hertfordshire, UK) commented that: ‘As Ulrich Witt and Andreas Chai put it in their introduction, it is time for some stocktaking concerning progress in evolutionary economics. This excellent collection of essays performs that task admirably: a number of leading authors review developments in the field with erudition and careful criticism. This is a milestone volume.’

Viktor J. Vanberg (University of Freiburg, Germany) contextualizes historically his comment: ‘More than one century after Thorsten Veblen coined the label evolutionary economics there is still no consensus on what constitutes the core of an evolutionary approach in economics. This volume will be welcome by readers interested in learning about the current state of the field and its prospective development. The essays collected represent the principal versions of evolutionary thinking in contemporary economics, covering methodological, theoretical and normative issues. The editors’ Introduction provides helpful guidance in tracing the history of the field, placing the collected essays into a broader context and pointing to prospects for theoretical convergence and integration.’

This is definitely an important book, ‘a milestone volume’, for scholars either from within or outside the evolutionary approach.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Giulio Ongaro, “Peasants and Soldiers: The Management of the Venetian Military Structure in the Mainland Dominion between the 16th and 17th Centuries” (Routledge, 2017) Sep 25, 2018

Dr. Giulio Ongaro, currently a postdoctoral fellow in the Economics Department at the University of Milan-Bicocca has just published Peasants and Soldiers: The Management of the Venetian Military Structure in the Mainland Dominion between the 16th and 17th Centuries (Routledge, 2017), a fascinating study of the early modern Venetian military. Rather than focus on the city itself or the republic’s higher-profile naval forces, Ongaro examines the workings of the Venetian land forces—its cavalry, militia, and fortress structures. Financing and supplying these forces required increasingly sophisticated administrative measures that, as in so many European states at the time, drove the expansion of state institutions. Most previous studies have assumed that such expansion came at the expense of local power structures and that state administrations existed in competition with local elites. By examining the records of municipal and rural archives in the Venetian hinterland, Ongaro instead shows that while the central state had the power to make demands, those demands were most often satisfied in cooperation with local forces, rather than in competition. Local elites benefitted from the contracts to provision fortresses or supply saltpeter, for example, and so did not resist state directives as a matter of course.

This detailed economic history will expand your horizons and your understanding of early modern military history.

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Mihir A. Desai, “The Wisdom of Finance: Discovering Humanity in the World of Risk and Return” (Houghton Mifflin Harcourt, 2017) Sep 24, 2018

In his engaging and original book The Wisdom of Finance: Discovering Humanity in the World of Risk and Return (Houghton Mifflin Harcourt, 2017), Harvard Professor Mihir A. Desai takes on the daunting task of explaining the world of finance through the prism of the humanities, yes the humanities. Using stories from literature, film, music, popular culture and daily life, Desai argues that rather than being an impenetrable jumble of algorithms used to strip the innocent of their money, the core concepts of modern finance can be used to understand how people make everyday decisions small and large about their lives. Diversification, leverage, risk and return, agency costs—all can be seen and explained without dense mathematical formulas. Whether you agree with this effort or not, you will never read Jane Austen’s Pride and Prejudice or see Mel Brooks’ The Producers the same way again.

Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

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Michael Levien, “Dispossession Without Development: Land Grabs in Neoliberal India” (Oxford UP, 2018) Sep 20, 2018

Historically ubiquitous at least since the 15th century and integral to the rise and consolidation of capitalism, land dispossession has re-emerged as a hot button issue for governments, industries, social movements and researchers.

In his first book Dispossession Without Development: Land Grabs in Neoliberal India (Oxford University Press 2018), M ichael Levien explores the causes and consequences of India’s land wars in the contemporary neoliberal period. He distinguishes between dispossession in the immediate aftermath of India’s independence (developmentalist) and dispossession in its present-day iteration (neoliberal) as fundamentally different “regimes”. How these regimes of dispossession – their motivations, methods and forms – interact with specific agrarian milieus reveals the mechanics of dispossession as “a social relation of coercive redistribution” in particular contexts and time periods.

A longitudinal case study of a village called Rajpura in western India dispossessed for a Special Economic Zone (SEZ) housing Mahindra World City (MWC), a private business process outsourcing cum real estate hub, forms the backbone of the book. Deeply unequal and politically quiescent, Rajpura is rain-scarce but predominantly agricultural. Post-SEZ Rajpura is marked by livestock depletion, loss of grazing lands and reduced opportunities for rural wage work, features of a semi-proletarianized condition increasingly common across the global countryside. Minimal linkages between Rajpura and the urbanizing but non-industrial economy initiated by MWC combined with the dramatic booms and busts of real estate speculation driven by state compensation policy on the other hand underscore Levien’s larger argument: “dispossession without development is a broader feature of India’s political economy”.

Levien is Assistant Professor of Sociology in Johns Hopkins University.

Madhuri Karak holds a Ph.D. in cultural anthropology from The Graduate Center, City University of New York. Her dissertation titled “Insurgent Difference: An Ethnography of an Indian Resource Frontier” analyzed resource extraction and development as mutually constitutive logics of rule in the bauxite-rich mountains of southern Odisha, India. She tweets @madhurikarak and more of her work can be found here.

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Josh Luke, “Health-Wealth: 9 Steps To Financial Recovery” (ForbesBooks, 2018) Sep 19, 2018

Healthcare is extremely expensive for both patients and their employers. The costs of healthcare continue to increase with no end in sight. Dr. Josh Luke is a former Hospital CEO, disruptor, and healthcare futurist who understands the American healthcare delivery system. In his book Health-Wealth: 9 Steps To Financial Recovery (ForbesBooks, 2018), he exposes the villains of greed and outlines steps to overcome them. He shows how to not let healthcare bankrupt your business with 9 simple steps. These steps show how to provide employees with personalized, specialized, and enhanced care while saving money on healthcare costs. Dr. Luke also talks about his experiences as both Hospital CEO and healthcare consumer. He even talks about why he was proud of his first one-star review on Amazon.

Jeremy Corr is the co-host of the hit Fixing Healthcare podcast along with industry thought leader Dr. Robert Pearl. A University of Iowa history alumnus, Jeremy is curious and passionate about all things healthcare, which means he’s always up for a good discussion! Reach him at jeremyccorr@gmail.com.

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Amanda Walsh, “Globalisation, the State and Regional Australia” (Sydney UP, 2018) Sep 19, 2018

In her new book, Globalisation, the State and Regional Australia (Sydney University Press, 2018), Amanda Walsh, associate director of government relations at Australian Catholic University, explores the political and economic consequences of globalization across Australia nationally and in regional Australia specifically. Using a series of case studies on the manufacturing, dairy, and ethanol industries in the Shoalhaven region of New South Wales, she shows how the state’s role in promoting and mediating globalizing forces have affected regional communities.

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Steven Stoll, “Ramp Hollow: The Ordeal of Appalachia” (Hill and Wang, 2017) Sep 19, 2018

As you’ll hear in this interview with Steven Stoll, his latest book Ramp Hollow: The Ordeal of Appalachia (Hill and Wang, 2017) is “really a book about capitalism.” Specifically, it’s about how the people of the southern mountains––meaning, the area between southern Pennsylvania and southern West Virginia––lost their land. Though the book focuses on Appalachia, Stoll presents readers with vivid confrontations between peasant economies and capitalism in the Atlantic World over the last four centuries to support his contentions.

Stoll spends a lot of the book describing a time when people lived in the southern mountains without a dependence on money. That was possible when people could garden and draw from a rich ecological base, like a forest where they could grow rye, for example. (Speaking of rye, the third chapter offers a splendid reinterpretation of the Whiskey Rebellion by renaming it the Rye Rebellion––you’ll have to pick up the book to find out why.) That ecological base, Stoll argues, was compromised with the industrial invasion of the southern mountains in the nineteenth and twentieth centuries, and then industrial capitalists “captured” the labor that went into practices like gardening. Stoll describes this process in our interview.

“We think of industrial capitalism as eliminating all of these sources of subsistence, when in fact that is hardly ever true. They capture certain forms of subsistence that they find advantageous to use. Why the garden? If a family living in a coal town produces their own food, they can be paid a lower wage.” He explains that the labor of wives, daughters, young songs, grandparents––people not typically down in the mines––can be captured by industrial capitalism. “That labor, outside of the mine, can subsidize a wage for mining that would not otherwise sustain them.”

Stoll closes the book with a hopeful reminder to readers that the story is far from over, but that people and landscapes cannot continue be regarded as “instruments of wealth,” as has been the case in the southern mountains since the nineteenth century. He ends with this inspiring thought, “Freedom, in order to have any meaning, must include the freedom to live in a village and farm as a household, with all its uncertainty.”

Chelsea Jack is a PhD student in the Anthropology Department at Yale University. She focuses on sociocultural and medical anthropology.

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Alyshia Gálvez, “Eating NAFTA: Trade, Food Policies, and the Destruction of Mexico” (U. California Press, 2018) Sep 19, 2018

The North American Free Trade Agreement—or NAFTA, as we Americans call it—is very much in the news of late, primarily because President Trump has decided to make good on what he famously called “the single worst trade deal” that the United States has ever approved. Trump’s assessment, like so many of his statements, isn’t quite the fact he’d like it to be. In study after study, economists have found that NAFTA’s impact on the U.S. economy ranges from relatively insignificant to mildly beneficial. So as the media follows the negotiations and the talking-heads talk, we once again find ourselves in the welter of not knowing what to believe. What we need—what it seems we always need of late—is someone we can trust to clarify the situation, someone who basis their analysis on facts, on research, on evidence, someone who cares not only about the truth of the matter, but who also has a moral compass we can admire.

Today I interview Alyshia Gálvez, author of the new book Eating NAFTA: Trade, Food Policies, and the Destruction of Mexico (University of California Press, 2018). She is this person. She approaches NAFTA with a wide and precise lens, examining not only the economics of the agreement, but also its impact on public health, social welfare, agricultural practices, migration patterns, government policy and so many other considerations that get overlooked when the focus gets narrowed to economics. She looks across the border and at the border itself, so we can understand how the lives of the Mexican people have changed in the twenty years since NAFTA began. Gálvez shows us that NAFTA is indeed a terrible deal, but in all of the ways that Trump doesn’t and seemingly can’t. She offers us an analysis guided by rigor, insight, thoroughness, and, above all, compassion for the lives of very people that NAFTA has destroyed.

Eric LeMay is on the creative writing faculty at Ohio University. His work ranges from food writing to electronic literature. He is the author of three books, most recently In Praise of Nothing: Essay, Memoir, and Experiments (Emergency Press, 2014). He can be reached at eric@ericlemay.org.

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Quinn Slobodian, “Globalists: The End of Empire and the Birth of Neoliberalism” (Harvard UP, 2018) Sep 18, 2018

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world.

Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically.

Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie.

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Ellen R. Wald, “Saudi Inc.: The Arabian Kingdom’s Pursuit of Power and Profit” (Pegasus Books, 2018) Sep 17, 2018

Ellen R. Wald’s timely, well-written history of the Saudi national oil company, Saudi Inc. The Arabian Kingdom’s Pursuit of Power and Profit (Pegasus Books, 2018), is as much the story of the Saudi oil industry as it is of the ruling Al Saud family’s reliance on black gold to ensure the survival of its regime. In painting a picture of the Al Saud’s long-term strategy to build up over decades the know-how and expertise needed to run an oil industry and their determination to ultimately after almost half a century take over ownership in a legal, orderly, commercial transaction, Wald contrasts the kingdom’s approach in colourful and painstaking detail with nationalisations as they occurred in Iran and elsewhere in the Middle East. It is also the story of a US government that increasingly saw Saudi oil as crucial to its post-World War Two global military operations and was determined to ensure that American oilmen, despite their arrogant underestimation of Saudis whom they saw as Bedouins and willingness to bend the truth to enhance their profit margins, were sufficiently accommodating to avoid British mistakes in Iran that resulted in nationalisation and a US-British backed coup to roll back the Iranian takeover. Wald’s book provides essential background for the role that the Saudi Arabian Oil Company better known as Aramco plays in Saudi Crown Prince Mohammed bin Salman’s effort to ween the kingdom off its dependency on oil revenues and diversify its economy. It is essential reading for anyone interested in the kingdom’s future as one of the world’s foremost oil producers at a time of significant economic change.

James M. Dorsey is a senior fellow at Singapore’s S. Rajaratnam School of International Studies.

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Kurt Dopfer, “Modern Evolutionary Economics: An Overview” (Cambridge UP, 2018) Sep 14, 2018

This week we met Prof. Kurt Dopfer (Universität St Gallen, Switzerland) to talk about Modern Evolutionary Economics: An Overview (Cambridge University Press, 2018), a book he co-authored with eight other economists. Kurt attended in Nice the 30th annual edition of the EAEPE conference, the sponsor of the Economics channel at NBN. The European Association for Evolutionary Political Economy is the scholarly home for the authors of this book. We tried to contextualize evolutionary economics within heterodox economics and to delineate the history of this approach to economics thanks to this book and the great and long career of Prof. Dopfer.

The book is described by Joel Mokyr (Northwestern University) as ‘An excellent summary of what has been achieved in the field of evolutionary economics. I would hope that this book would be read by scholars steeped in ‘neoclassical’ economics and make them appreciate the power and potential of this scholarship.’ S. Metcalfe (University of Manchester) commented that ‘The publication of this clear and comprehensive introduction to the evolutionary dynamics of modern capitalism could not be more timely. The nature, causes and consequences of economic change are at the heart of current debates about the nature of capitalism, its virtues and vices locally, nationally and globally. This work draws on a wealth of economic thinking, old and new, to elucidate the primary role of innovation to the economic process and I can think of no better introduction to the pervasive and incessant role of human creativity to the operation of capitalism as an ordered but far from equilibrium system.’

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Charles Umney, “Class Matters: Inequality and Exploitation in 21st-Century Britain” (Pluto Press, 2018) Sep 03, 2018

What is class? In Class Matters: Inequality and Exploitation in 21st-Century Britain (Pluto Press, 2018), Charles Umney, an Associate Professor in Work and Employment Relations at the University of Leeds, offers a new marxist analysis of the meaning and impact of class. The book is written in dialogue with recent developments in class analysis, including theories that have placed culture at the heart of how class should be understood. Umney’s book returns to class as more than just classification, rather seeing it as an essential means of understanding inequality and exploitation from a marxist perspective. The book explains core marxist concepts, such as alienation, and offers a vast range of examples of inequality and exploitation, whether the financialisation of the economy, new forms of work, or the role of the state and the media. The book will be essential reading for anyone interested in explaining our current social relations.

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D. G. Surdam and M. J. Haupert, “The Age of Ruth and Landis: The Economics of Baseball during the Roaring Twenties” (U Nebraska Press, 2018) Sep 03, 2018

Today we are joined by David George Surdam, co-author with Michael J. Haupert of the book The Age of Ruth and Landis: The Economics of Baseball during the Roaring Twenties (University of Nebraska Press, 2018). In this work, which blends a liberal mix of sports and economics, Surdam and Haupert provide a straightforward narrative that does not bog the reader down with too many numbers. The Age of Ruth and Landis provides plenty of stories about the 1920s’ two most dominant figures in major-league baseball, but also includes chapters about gambling, the teams’ financial ledgers, competitive balance, the running salary battles between players and owners, and the impact of the minor leagues. The book also touches on ethnic diversity and the Negro Leagues during the 1920s. Baseball numbers have always fascinated Surdam, who found a new edition of the MacMillan Baseball Encyclopedia as a youth. “Sheer delight,” said Surdam, who is a professor of economics at Northern Iowa University. The authors use figures from a congressional investigation into baseball in 1951 to provide fascinating insights about what teams were making money. Babe Ruth changed the way baseball was played, and Kenesaw Mountain Landis changed the way the game was ruled. But economics after World War I dictated who the true winners and losers of baseball really were.

Bob D’Angelo earned his master’s degree in history from Southern New Hampshire University in May 2018. He earned his bachelor’s degree in journalism from the University of Florida and spent more than three decades as a sportswriter and sports copy editor, including 28 years on the sports copy desk at The Tampa (Fla.) Tribune. He can be reached at bdangelo57@gmail.com. For more information, visit Bob D’Angelo’s Books and Blogs.

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R.W. Davies, et al., “The Industrialisation of Soviet Russia Volume 7: The Soviet Economy and the Approach of War, 1937-1939” (Palgrave Macmillan, 2018) Aug 31, 2018

The publication of the seventh book of the Industrialisation of Soviet Russia series represents the culmination of a 70-year project that can be traced back to Edward Hallett Carr’s classic series The History of Soviet Russia. In this final volume, The Industrialisation of Soviet Russia Volume 7: Soviet Economy and the Approach of War, 1937-1939 (Palgrave Macmillan, 2018), its authors – R.W. Davies, Mark Harrison, Oleg Khlevniuk, and Stephen G. Wheatcroft – describe the Soviet economy at the end of an era of tumultuous change. Overshadowing developments during this period were the purges that decimated not just the Communist Party leadership but the nomenklatura and lower level managers in many sectors, as well as millions of ordinary citizens. Though the economy suffered from this disruption, it did not alter the fundamental institutions of the Soviet economy, which were increasingly shaped primarily by the demands of internal and external security.

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Rupali Mishra, “A Business of State: Commerce, Politics, and the Birth of the East India Company” (Harvard UP, 2018) Aug 29, 2018

Though today the public and private sectors are treated as distinct if not separate, the situation was quite different in early modern England. Back then the two were often intertwined, with one of the best examples of this being the English East India Company. In her book A Business of State: Commerce, Politics, and the Birth of the East India Company (Harvard University Press, 2018), Rupali Mishra examines the relationship between the Company and the English state in the early 17th century, showing the many ways in which the two were linked. As Mishra explains, their involvement began with the very creation of the Company, through the granting of a patent that delegated a degree of sovereignty to it. This empowerment was important to the Company’s success, though it also fueled conflicts both internally and with the broader London mercantile community. Added to the semi-official status that the Company sometimes possessed in its dealings abroad was the investment in the Company by many of the leading political figures of that time, including the king, James I. James was not above exploiting the Company as a tool of his policy, though the Company’s sometimes difficult relationship with the crown worsened after his passing in 1625, as his successor Charles I posed yet another series of challenges the Company had to navigate in order to maintain its very existence.

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Peter James Hudson, “Bankers and Empire: How Wall Street Colonized the Caribbean” (U Chicago Press, 2017) Aug 28, 2018

Histories of banking and finance aren’t particularly well-known for being riveting, adventurous reads: they tend to be technical at the expense of being strongly narrative-driven. Peter James Hudson’s Bankers and Empire: How Wall Street Colonized the Caribbean (University of Chicago Press, 2017) defies this stereotype. An examination of private lending in the Caribbean by North American bankers between the 1890s and the 1930s, Hudson tells a colorful, albeit at-times disturbing tale of a few American bankers who were able to operate virtually without restriction or regulation. Acting almost as freebooters, they dreamt up new practices to try out on Latin American governments, usually not to their benefit, while reinforcing many North American attitudes and stereotypes about Latin Americans, most of all racially.

The result of this imperial lending was traumatic for Caribbean and Latin American governments. For much of this period, bankers enjoyed the official backing of the U.S. government, allowing them to operate with immunity and total security. Through President Taft’s policy of “Dollar Diplomacy,” they were able to operate as an arm of U.S. foreign policy. By making funds available to repressive governments, they helped to cement their place in power at the expense of their subjects, while the amount owed by these governments soon left them under the de facto control of banks and by extension the U.S. government. Ultimately, much of this system came crashing down with the Great Depression, which helped to expose these lending practices as dangerous and ill-regulated. Nevertheless, the effect on the region outlived these practices.

Zeb Larson is a PhD Candidate in History at The Ohio State University. His research is about the anti-apartheid movement in the United States. To suggest a recent title or to contact him, please send an e-mail to zeb.larson@gmail.com.

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William D. Bryan, “The Price of Permanence: Nature and Business in the New South” (U Georgia Press, 2018) Aug 23, 2018

Southern capitalists of the postbellum era have been called many things, but never conservationists. Until now. Environmental historian William D. Bryan has written a brilliantly disorienting reassessment of the South’s economic development in the period between the Civil War and the Great Depression. In The Price of Permanence: Nature and Business in the New South (University of Georgia Press, 2018), Bryan finds that in all corners of the region’s 800,000 square miles debates about reconstructing the South’s economy focused on how industries could derive profits from its natural resources in perpetuity. Boosters imagined a New South that would not exhaust its soils, denude its forests, empty its mines, or squander the potential of underappreciated resources. They spoke the language of conservation as enthusiastically as Teddy Roosevelt and Gifford Pinchot, but the South’s new, “permanent” economy was to be constructed by private interests alone—a pursuit animated in part by the specter of federal intervention if they were to fail. Bryan shows that this concern with permanence helps explain many of the era’s signature developments, such as the widespread adoption of fertilizer, the rapid development of the tourism sector, and the appearance of all manner of “waste” industries, from cottonseed to cement. But this more careful stewardship of resources came at great social and environmental costs. Agriculture remained a low-wage, labor-intensive sector, and new industries were no better. For boosters, this was a feature, not a bug. A permanent economy would maintain not only resource stocks but also white supremacy and the power of elites. And ensuring the persistence of natural resources was no safeguard of environmental quality. Many of the new enterprises that succeeded in sustaining their resource base, like the paper industry, exacted the greatest toll on southern air, waters, and bodies. Bryan has not only given us a more convincing, nuanced, and unified account of the New South, he also offers a cautionary tale of the dangers of a politics of sustainability too narrowly shaped around profits and growth.

William D. Bryan is an environmental historian based in Atlanta.

Brian Hamilton is a Ph.D. candidate at the University of Wisconsin–Madison where he is researching African American environmental history in the nineteenth-century Cotton South. He is also an editor of the digital environmental magazine and podcast Edge Effects.

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Devin Fergus, “Land of the Fee: Hidden Costs and the Decline of the American Middle Class” (Oxford UP, 2018) Aug 23, 2018

Politicians, economists, and the media have put forth no shortage of explanations for the mounting problem of wealth inequality – a loss of working class jobs, a rise in finance-driven speculative capitalism, and a surge of tax policy decisions that benefit the ultra-rich, among others. While these arguments focus on the macro problems that contribute to growing inequality, they overlook one innocuous but substantial contributor to the widening divide: the explosion of fees accompanying virtually every transaction that people make.

As Devin Fergus, Arvarh E. Strickland Distinguished Professor of History, Black Studies, and Public Affairs at the University of Missouri, shows in Land of the Fee: Hidden Costs and the Decline of the American Middle Class (Oxford University Press, 2018), these perfectly legal fees are buried deep within the verbose agreements between vendors and consumers – agreements that few people fully read or comprehend. The end effect, Fergus argues, is a massive transfer of wealth from the many to the few: large banking corporations, airlines, corporate hotel chains, and other entities of vast wealth. Fergus traces the fee system from its origins in the deregulatory wave of the late 1970s to the present, placing the development within the larger context of escalating income inequality. He organizes the book around four of the basics of existence: housing, work, transportation, and schooling. In each category, industry lobbyists successfully influenced legislatures into transforming the law until surreptitious fees became the norm.

The average consumer is now subject to a dizzying array of charges in areas like mortgage contracts, banking transactions, auto insurance rates, college payments, and payday loans. The fees that accompany these transactions are not subject to usury laws and have effectively redistributed wealth from the lower and middle classes to ultra-wealthy corporations and the individuals at their pinnacles. By exposing this predatory and nearly invisible system of fees, Land of the Fee will reshape our understanding of wealth inequality in America.

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Daniel Peris, “Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio” (McGraw-Hill, 2018) Aug 15, 2018

Of what use is history, particularly for economists and people in finance? If you’ve ever wondered about this, you should read Daniel Peris‘s book Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio (McGraw-Hill Education, 2018). Before he became a portfolio manager, Peris was a professional historian. He was trained as such, wrote books about such, and taught such. In Getting Back to Business, he brings his background in this regard to a little considered question: Why, historically speaking, do we invest money the way we do? The “we” here is your financial advisor and, if you invest your own money, you. And you use something called “Modern Portfolio Theory” or MPT. That theory—like any theory—has a history. It was created by particular people in a particular historical context for a specific historical purpose. It was a tool fit for that specific historical purpose. Peris masterfully traces how it was invented, disseminated, and eventually reached (pardon the expression) “market saturation” among financial advisors. It’s a fascinating story, really an intellectual-institutional history of modern investment thought.

But Getting Back to Business more than an academic exercise because Peris is no longer an academic; he manages 20 billion dollars. And his historical exploration has led him to the conclusion that the tool we call “MPT” is no longer fit for purpose. It used to work, but times have changed (partly because of the widespread adoption of MPT itself) and it no longer does, at least in its standard form. Peris has some suggestions about how we might design a new tool, one better fit to modern conditions.

This books is a rare beast: applied, relevant, meaningful, news-you-can-use history. Were that there were more books like it.

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Thomas Mulligan, “Justice and the Meritocratic State” (Routledge Press, 2018) Aug 13, 2018

Thomas Mulligan’s new book, Justice and the Meritocratic State (Routledge Press, 2018), posits a theory of justice that is based on the allocation of valuable goods (jobs and appropriate income) according to merit. This is an abstract concept that Mulligan details according to economic, philosophical, and political understandings. He weaves together the political and economic dimensions of meritocratic allocations and spends the latter part of the book noting policy ideas that can bring this abstract concept into being. In the process, Mulligan critiques contemporary concepts of justice, especially commenting on the 20th-century work by Robert Nozick, John Rawls, Leo Strauss, and post-modern philosophers. The argument made for meritocratic allocation of valuable goods is seen as a kind of third way between the limited nature of egalitarian theory on one side and libertarian theory on the other. The argument for “desert”-based justice also brings the ideal of the American dream into clearer focus in Mulligan’s analysis. His book explores this concept in great detail, clearing up what has been the murky nature of an understanding of what meritocracy really means. Throughout the book, Mulligan delves into concepts of meritocracy from classical authors like Socrates/Plato and Aristotle, as well as from eastern approaches. He explores the integration of an understanding of meritocratic governance and political power from Confucian political theory as well as from much of the western philosophical canon. This book spans a variety of disciplines, and may be of interest to political theorists, economists, philosophers, sociologists, and others. It is clearly written and takes the reader through not only the concept of meritocracy and desert-based justice, but also the role of economics in understanding justice, and, finally, the kinds of policy and rhetorical shifts that are necessary to more fully establish a meritocratic state.

This podcast was hosted by Lilly Goren, Professor of Political Science and Global Studies at Carroll University in Waukesha, WI. You can follow her on Twitter @gorenlj

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Annie Lowrey, “Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World” (Crown, 2018) Aug 08, 2018

How can we end the scourge of poverty? How we can sustain ourselves once robots eliminate the need for many jobs? Annie Lowrey offers an answer in the title of her book, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World (Crown, 2018). She makes the case for the policy called “Universal Basic Income,” in which the government pays everyone a fixed amount of money whether or not they have a job. The book traces the history of the idea, which goes back centuries and has been embraced at various points by people on the left and the right. Lowrey also shares her travels to Kenya, to witness a pilot UBI program, and to India, to explore its high-tech program to bring banking to the poor and could lead to a UBI system. She talks with politician and philosophers, economists and subsistence farmers. And she addresses critics who fear UBI would be too expensive and discourage work. As UBI becomes a hot topic in policy work circles, Give People Money will help you fully understand the idea and consider its profound implications.

Bill Scher is a Contributing Editor for POLITICO Magazine. He has provided political commentary on CNN, NPR and MSNBC. He has been published in The New York Times, The New Republic, and The New York Daily News among other publications. He is author of Wait! Don’t Move to Canada, published by Rodale in 2006.

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Ilene Grabel, “When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence” (MIT Press, 2017) Aug 07, 2018

We spoke with Ilene Grabel, Professor at the University of Denver and Co-director of the MA program in Global Finance, Trade & Economic Integration at the Josef Korbel School of International Studies. Ilene just published a very timely, interesting and important book on the evolution of the global financial governance and its institutions: When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence (MIT Press, 2017).

In the foreword, Dani Rodrick from Harvard University defines the book as follows: “It happens only rarely and is all the more pleasurable because of it. You pick up a manuscript that fundamentally changes the way you look at certain things. This is one such book. Ilene Grabel has produced a daring and delightful reinterpretation of developments in global finance since the Asian financial crisis of 1997–1998.”

The book is an account of the gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis.

In When Things Don’t Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on the financial institutions. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies.

Grabel’s chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion.

All this in a very enjoyable book that students, scholars, policymakers and managers of financial institutions should read right now.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Rob Dekkers, “Applied Systems Theory” (Springer, 2017) Aug 01, 2018

As Reader in Industrial Management in the Adam Smith Business School at the University of Glasgow, Rob Dekkers is well positioned to survey the currents of the vibrant systems tradition in the United Kingdom. In his book, Applied Systems Theory, out in its second edition from Springer in 2017, Dekkers seeks to augment the valuable work done by Soft Systems Methodology in facilitating the engagement of multiple stakeholders, as well as the achievements of a host of other established cybernetic and systems approaches, with a set of modeling tools more formally rigorous than those previously on offer. By drawing our attention to such factors as the need to keep secondary processes and resources within the boundaries of system models, the importance of a balanced blend of feedback and feed-forward control mechanisms, and the potential for miscommunication between differently focused “aspect systems” contained within the same organization, Dekkers offers the next generation of systems practitioners new techniques for developing the kind of foresight necessary to manage complex human activity systems in an era where the margins for unintended consequences continue to shrink at a seemingly exponential rate. Dekkers combines a deep understanding of, and respect for, the work of previous generations of systemic thinkers with a keen sense of the gaps in systems practice still yet to be adequately filled; making this an ideal textbook for upper level undergraduate and graduate systems courses.

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Stephen C. Yeazell, “Lawsuits in a Market Economy: The Evolution of Civil Litigation” (U Chicago Press, 2018) Jul 10, 2018

Stephen C. Yeazell‘s Lawsuits in a Market Economy: The Evolution of Civil Litigation (University of Chicago Press, 2018) is an in-depth look at the development and current situation of civil litigation. It beings with the question of why civil lawsuits have become such a political question and uses that to explore our world of settlements, arbitration, trials and insurance adjusting. It gives an expert, informed and even-handed look at what can be a contentious topic and is accessible to the layperson and edifying even to the professional. It portrays our environment of civil litigation as an evolving one where real people solve real problems, often for society’s benefit.

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Assa Doron and Robin Jeffrey, “Waste of a Nation: Growth and Garbage in India” (Harvard UP, 2018) Jun 29, 2018

Is India facing a waste crisis? As its population, cities and consumption grow what are the implications for the health, well being and everyday lives of Indians? In Waste of a Nation: Growth and Garbage in India (Harvard University Press, 2018), Assa Doron and Robin Jeffrey discuss the genealogy of garbage and how it grew in quantity and changed in consistency in liberalising India. The book also provides us with an exhaustive birds eye view of the technological, socio-political and administrative challenges faced by those who work for a cleaner India.

Ian Cook is a Research Fellow at the Centre for Media, Data and Society at the Central European University, Budapest and also the host of Online Gods: A Podcast about Digital Cultures.

Juli Perczel is a PhD candidate in anthropology at the University of Manchester.

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Ignacio Aguiló, “The Darkening Nation: Race, Neoliberalism, and Crisis in Argentina” (U Wales Press, 2018) Jun 19, 2018

In The Darkening Nation: Race, Neoliberalism, and Crisis in Argentina (University of Wales Press, 2018), Ignacio Aguiló studies the sociocultural impact caused by the failure of the IMF economic measures in Argentina of 2001-2002. Through the lens of cultural production (films, novels, short stories, artwork and music), the author explores two of the country’s so-called exceptionalisms: whiteness and economic success. These myths, heavily endorsed by the military dictatorship during the 1970s and early 1980s, created a sense of homogeneity and uniqueness that came into question at the time of the crisis. All of the cultural products studied by the author show different aspects of what was actually a crisis in the exceptionality myths that linked race with progress.

Pamela Fuentes is Assistant Professor in the Women’s and Gender Studies Department, Pace University, NYC campus.

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Ben Clift, “The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift” (Oxford UP, 2018) Jun 15, 2018

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management.

The book is structured in seven chapters plus conclusions:

1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis

2: Ideational Change at the IMF after the Crash

3: IMF, Economic Schools of Thought, and Their Normative Underpinnings

4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space

5: The Fund’s Fiscal Policy Views and the Politics of Austerity

6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse

7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis

Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash

IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well.

Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’

This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration.

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Ashoka Mody, “Eurotragedy: A Drama in Nine Acts” (Oxford UP, 2018) Jun 08, 2018

For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since.

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Andre Magnan, “When Wheat Was King: The Rise and Fall of the Canada-UK Grain Trade” (U British Columbia Press, 2016) Jun 06, 2018

In When Wheat Was King: The Rise and Fall of the Canada-UK Grain Trade (University of British Columbia Press, 2016), André Magnan connects the cultivation of wheat on the Canadian prairies to the consumption of bread in Britain. Using the concept of a “food regime” as a theoretical frame, Magnan identifies three broad periods of stability in the relationship between Canadian wheat and British bread: a “UK-centered” food regime from about 1870 to 1914, a “mercantile-industrial” food regime from 1945 to 1972, and a “corporate” or “corporate-environmental” food regime from 1995 to the present. Separating these three periods are two periods of instability, the first including the two World Wars and the second beginning with the simultaneous oil crisis and entry of the Soviet Union into the global wheat trade in the 1970s. Through these phases of relative stability and instability, Magnan traces the institutions that linked the cold, dry Canadian prairies to the cities of Britain, including banks and food processing companies, with particular focus on the Canadian Wheat Board from 1935 until its dissolution in 2012.

André Magnan is Associate Professor in the Department of Sociology and Social Studies at the University of Regina. His research and teaching interests include the sociology of agrifood systems, globalization and development, and sociological theory. Magnan has two principle areas of research. First, he has examined the history and politics of grain marketing on the Canadian prairies, with a focus on the rise and fall of the Canadian Wheat Board, one of Canada’s most important agricultural institutions.

His second area of research focus is the financialization of agrifood systems. Here Dr. Magnan has examined changing patterns of farm structure and ownership in Canada and Australia, documenting how financial investors of different stripes are buying farmland on a large scale. Part of a multi-year study funded by the Social Sciences and Humanities Research Council, this research aims to understand how new patterns of farmland ownership could affect family farmers, rural communities, and the agricultural industry.

David Fouser is an adjunct faculty member at Santa Monica College, Laguna College of Art & Design, and Chapman University. He completed his Ph.D. in 2016 at the University of California, Irvine, and studies the cultural and environmental history of wheat, flour, and bread in Britain and the British Empire.

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Alden Young, “Transforming Sudan: Decolonization, Economic Development, and State Formation” (Cambridge UP, 2017) May 29, 2018

Telling the story of a former colony post-independence is tricky, no matter if it’s a colony in Latin America, the Middle East or East Asia. Where does the idea of the ’nation’ slot in? Does it exist independent of colonialism? How does one talk about decolonization in post-imperial contexts? Then, you have to consider the interlocking concepts of language, race and even war. In the Sudanese case, that story can be told through the emergence of economic developmentalism. In Transforming Sudan: Decolonization, Economic Development, and State Formation (Cambridge University Press, 2017), Alden Young tells the story of how the Sudanese state was shaped post-independence as a result of economic planning. Through global, regional, and national notions of how to economically plan a state, Young traces the people, resources, and policies that would have consequences for generations to follow.

Alden Harrington Young is assistant professor in the departments of History and of Global Studies and Modern Languages and director of Africana Studies, all at Drexel University. He received his BA from Columbia, his MA from the London School of Economics and Political Science and his PhD from Princeton University. He teaches African History, economic history and the history of Arab and African interactions.

Nadirah Mansour is a graduate student at Princeton University’s Department of Near Eastern Studies working on the global intellectual history of the Arabic-language press. She tweets @NAMansour26 and produces another Middle-East and North Africa-related podcast: Reintroducing.

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Donni Wang, “Before the Market: The Political Economy of Olympianism” (Common Ground, 2018) May 23, 2018

Did capitalism exist in ancient Greece, the cradle of democracy and western civilization? I was joined to discuss this and other issues with Donni Wang, the author of Before the Market: The Political Economy of Olympianism (Common Ground, 2018). The book is not a traditional book of economics as history and philosophy play a big role. Not surprisingly Donni studied Economics, at Berkeley, and Classics, at Stanford. She now holds a position in History at Shanghai University. Previous studies have applied quantitative models and social science methods to determine the extent of market activities and growth in ancient Greece. Before the Market, instead, employs techniques from the cultural-linguistic turn to examine economic matters. With this approach the author argues to be able to shed light on a new economic system—one that is vastly different from the market system. At the same time, the underlying theoretical framework that links culture, identity, and action also prompts a radical redefinition of state power, democracy, and community, resulting in a narrative of ancient Greece that is both more dynamic and complex than in conventional accounts and also more useful and relevant for today’s world. For the concerned reader, this book is laden with lessons and ideas for both envisioning wholesale economic transformation that is needed to address the problems of the 21st century as well as examples of specific practice that can be adopted. Concepts like the commons, collective knowledge, joint ownership, and gift exchange speak directly to a number of grass-roots movements that seek to embrace alternative ways of organizing economic life. In addition, Before the Market provides a reading of democracy politics that points the way forward to a truly tolerant, inclusive and egalitarian global order. A very interesting, erudite, sophisticated and provocative book worth reading.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Sean R. Gallagher, “The Future of University Credentials: New Developments at the Intersection of Higher Education and Hiring” (Harvard Education Press, 2016) May 14, 2018

The Future of University Credentials: New Developments at the Intersection of Higher Education and Hiring (Harvard Education Press, 2016) offers a thorough and urgently needed overview of the burgeoning world of university degrees and credentials. At a time of heightened attention to how universities and colleges are preparing young people for the working world, questions about the meaning and value of university credentials have become especially prominent. Sean R. Gallagher, EdD, guides us through this fast-changing terrain, providing much-needed context, details, and insights.

The book casts a wide net, focusing on traditional higher education degrees and on the myriad certificates and other postsecondary awards that universities and other institutions now issue. He describes the entire ecosystem of credentials, including universities and colleges, employers, government agencies, policy makers and influencers—and, not least, the students whose futures are profoundly affected by these certifications. And he looks intently at where university credentials might be headed, as educational institutions seek to best serve students and employers in a rapidly changing world.

Hoover Harris, editor of Degree or Not Degree?, holds a PhD in English Literature and writes and speaks about trends in higher education. He can be reached by email at hooverharris@icloud.co or on Twitter @degreenot.

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Nathan Marcus, “Austrian Reconstruction and the Collapse of Global Finance, 1921-1931” (Harvard UP, 2018) May 08, 2018

In Austrian Reconstruction and the Collapse of Global Finance, 1921–1931 (Harvard University Press, 2018), Nathan Marcus, analyzes the events that took place around the financial crisis in Austria after World War I. When Austria was the first interwar country in Europe to suffer a hyperinflation the League of Nations stepped in to offer financial support and advice. But a total collapse of the financial system in 1931 couldn’t be avoided. Nathan Marcus offers a new perspective on the already well researched subject and an individual approach not only with regards to content but also on a methodological level by interlacing multiple perspectives and sources (such as journals and caricatures, literature, anecdotes etc.) with each other to create a wider understanding for the events.

Nathan Marcus is an Assistant Professor of Modern European History at the Higher School of Economics, National Research University, Saint Petersburg, Russia.

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Yutao Sun and Seamus Grimes, “China and Global Value Chains” (Routledge, 2018) Apr 30, 2018

Today I was joined by Seamus Grimes from Ireland where he is Emeritus Professor at the National University of Ireland, Galway. With Yutao Sun (Dalian University of Technology), he just published a very interesting and timely book China and Global Value Chains: Globalization and the Information and Communications Technology Sector (Routledge, 2018).

President Trump has raised the intriguing question of bringing the manufacturing of companies like Apple back from China to the U.S. This book, however, argues that in this age of the knowledge-based economy and increased globalization, that value creation and distribution based on knowledge and innovation activities are at the core of economic development. The double-edged sword of globalization has transformed China’s economic development in the past few decades. Although China has benefitted from globalization and is now the second largest economy in the world, having become a global manufacturing power and the biggest exporter of high-tech products, it continues to be highly dependent on foreign sources of capital and technology.

The book explores the core of the Chinese economy from the perspective of the global value chain, combining analysis of inward investment, international trade, science and technology and innovation and economic development. Specifically, it investigates China’s evolving role with some innovative Chinese companies emerging in the global market and China’s ongoing efforts to become an innovation-driven economy.

This is a very interesting book on the complexity of the global industrial systems that are behind the production of the electronic goods that we use daily. Beside China and this specific sector, it is a timely warning for those that argue in favour of raising barriers or regulating otherwise the current flow of goods and components worldwide.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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What Money Can’t Buy with Michael Sandel Apr 26, 2018

Michael Sandel is Anne T. and Robert M. Bass Professor of Government at Harvard University. Sandel is an internationally renowned political philosopher who Newsweek has lauded as “the world’s most relevant living philosopher.” His latest project is a video series titled What Money Can’t Buy, which has Michael and an international group of college students exploring the question “What, if anything, is wrong with a world in which everything is for sale?” You can view the series for free at whatmoneycantbuy.org.

The "Why We Argue" podcast is produced by the Humanities Institute at the University of Connecticut as part of the Humility and Conviction in Public Life project.

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Marcella Corsi et al., “Classical Economics Today: Essays in Honor of Alessandro Roncaglia” (Anthem Press, 2018) Apr 18, 2018

I met in Rome, at Sapienza University, with two of the three editors of a great new book in economics. Marcella Corsi is professor of economics at Sapienza University of Rome, Italy, and editor of the International Review of Sociology. Carlo D’Ippoliti is associate professor of economics at Sapienza University of Rome, Italy, and editor of PSL Quarterly Review. He is also one of the hosts of this channel. The third editor is Jan Kregel, director of research at the Levy Economics Institute of Bard College, USA, and professor of development finance at Tallinn University of Technology, Estonia. He is also co-editor of the Journal of Post-Keynesian Economics.

Classical Economics Today (Anthem Press, 2018) is a collection of essays in honour of Alessandro Roncaglia. It provides an overview on his contributions and on the Classical tradition in Economics. It is a history of ideas in Economics but also an attempt to discuss their contemporary relevance to economic policy and economic theory.

The contributors to the volume, like all classical economists in general, regard history as a useful tool of analysis rather than a specialist object of investigation. By denying that a single, all-encompassing mathematical model can explain everything we are interested in, Classical political economy necessarily requires a comparison and integration of several pieces of theory as the only way to discuss economics and economic policy. Economists inspired by the Classical approach believe that economic theory is historically conditioned: as social systems evolve, the appropriate theory to represent a certain phenomenon must evolve too. Therefore, plurality in methods, including the history of economic thought, must be a deliberate choice, as evidenced by the essays in Classical Economics Today: Essays in Honor of Alessandro Roncaglia.

The book is a tribute to Alessandro Roncaglia, to his personality and his research interests. Roncaglia’s research is based on Schumpeter’s dictum that good economics must encompass history, economic theory and statistics, and therefore does not generally take the form of elegant formal models that are applicable to all and everything. In this direction, Roncaglia is inspired by the Classical economists of the past, and becomes a model for present-day Classical economists.

This is a book for economists, particularly for those who regard history of economic thought as a useful tool of analysis rather than a specialist object of investigation. But the book is approachable by students and non-economists too. The non-expert reader would be delighted to discover that economics is different to what they expected.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on

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David Pilling, “The Growth Delusion: Wealth, Poverty, and the Well-Being of Nations” (Bloomsbury, 2018) Apr 04, 2018

What’s not to like about economic growth, you might ask? Well, quite a lot, it turns out, once we begin to examine how GDP and other measures of the economy are constructed, and once we see what they leave out (and perhaps just as troubling, what they leave in). Join us as we speak with David Pilling about his new book, The Growth Delusion: Wealth, Poverty, and the Well-Being of Nations (Tim Duggan Books/Bloomsbury, 2018), which helps us understand the problems with how we typically evaluate national economies and offers some alternative approaches even though each of those options presents their own challenges.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).

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Fahad Bishara, “A Sea of Debt: Law and Economic Life in the Western Indian Ocean, 1780-1950” (Cambridge UP, 2017) Apr 03, 2018

Today I talked to Fahad Bishara about his book A Sea of Debt: Law and Economic Life in the Western Indian Ocean, 1780-1950 (Cambridge University Press, 2017). Dr. Bishara is Assistant Professor of History at the University of Virginia. He specializes in the economic and legal history of the Indian Ocean and Islamic world. In this podcast, Dr. Bishara discusses his sophisticated history that explores the intricate legal and economic regimes that traversed the Western Indian Ocean for generations. He also talks about how he effectively mined legal documents to craft this narrative.

The following podcast was originally published on H-Law’s Legal History Podcast.

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Martijn Konings, “Capital and Time: For a New Critique of Neoliberal Reason” (Stanford UP, 2018) Mar 28, 2018

Today I was joined by Martijn Konings from Australia where he is Associate Professor of Political Economy at the University of Sydney. We had a conversation on his most recent book Capital and Time: For a New Critique of Neoliberal Reason (Stanford University Press, 2018).

Its main contribution is to offer an original point of view on the issue of speculation. Critics of capitalist finance tend to focus on its speculative character. Our financial markets, they lament, encourage irresponsible bets on the future that reflect no real underlying value. Why is it, then, that opportunities for speculative investment continue to proliferate in the wake of major economic crises? To make sense of this, Capital and Time offers an understanding of economy as a process whereby patterns of order emerge out of the interaction of speculative investments. Speculation, he argues, is an essential intrinsic feature of capitalism and not just a negative spillover or a collateral behavior.

The book also provides an original view on the role of the State. Progressive critics have assumed that the state occupies a neutral, external position from which it can step in to constrain speculative behaviors. On the contrary, Konings argues, the state has always been deeply implicated in the speculative dynamics of economic life. Through these insights, he offers a new interpretation of both the economic problems that emerged during the 1970s and the way that neoliberalism responded to them. Neoliberalism’s strength derives from its intuition that there is no position that transcends the secular logic of risk, and from its insistence that individuals actively engage that logic.

The book concludes that the current critique of speculation is misleading and incapable of recognizing how American capitalism has come to embrace speculation and has thus been able to generate new kinds of order and governance. This is a very interesting book, written in an accessible way despite the complexity of the topic.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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George Paul Meiu, “Ethno-erotic Economies: Sexuality, Money and Belonging in Kenya” (U Chicago Press, 2017) Mar 26, 2018

Professor George Paul Meiu‘s debut anthropological book, Ethno-erotic Economies: Sexuality, Money, and Belonging in Kenya (University of Chicago Press, 2017), dives into the commodification of culture and sex on the beachfronts of coastal Kenya, as well as the ramifications and shifting economic power dynamics in rural Samburu villages that result from this new economy. Utilizing over a decade of community engagement and research, Meiu expertly engages in intense anthropological study without exploitation and judgment. Rather he succeeds in humanizing his subjects as he explores the creation and development of a new economy, that of engaging with white, largely Western European women, in romantic relationships in exchange for money, goods and, eventually, higher economic and social status in their home rural communities. But with this new economy comes challenges to traditional social structures, as sexuality and wealth intersect with traditional land tenure and power. Meiu, with his deep understanding of the Samburu people, rituals and culture, explores how power dynamics change, and how new money is challenged and reconciled. This book is highly readable, without skimping on academic literature and theoretical context, resulting in a book that will engage everyone from first year anthropology students through seasoned academics.

Erin Freas-Smith, Ph.D can be reached at efreassmith@gmail.com.

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Stephen Cummings, et al., “A New History of Management” (Cambridge UP, 2017) Mar 21, 2018

Did Abraham Maslow actually ever draw a pyramid of hierarchy of needs? Did Kurt Lewin devote substantial work on the development of a change management theory? Why do we omit or misrepresent important features of the work of Adam Smith, Max Weber or Frederick Winslow Taylor? What is the forgotten origin of Harvard Business School case method?

I was joined by two of the authors—Stephen Cummings and Todd Bridgman— ofA New History of Management (Cambridge University Press, 2016), a great new book that answers those and many more questions. The book is a very important contribution to critical management studies that uncovers the inaccuracies and simplifications (if not actual inventions) that populate management and organization textbooks. A New History of Management is not a conspiracy theory, but rather it is the result of rigorous historical research on how the field of management studies was constructed in the past century. The authors argue that the existing narratives about how we should organize are built upon, and reinforce, a concept of “good management” derived from what is assumed to be a fundamental need to increase efficiency. But this assumption is based on a presentist, monocultural, and generally limited view of management’s past. This book is for both scholars and practitioners, tutors and students. Academics will be able to reflect critically on the nature of business education and on conformism in teaching and research. Practitioners and students will be able to challenge what they have been taught as a scientific rather than ideological artifact.

Both students and scholars will be able to discuss alternative approaches for managing and organizing in the twenty-first century. Animated videos on the book are available on here.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPEs permanent track on Critical Management Studies.

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Shiri Noy, “Banking on Health: The World Bank and Health Sector Reform in Latin America” (Palgrave Macmillan, 2017) Feb 28, 2018

What role has the World Bank played in influencing health sector reform in Latin America? In her new book, Banking on Health: The World Bank and Health Sector Reform in Latin America (Palgrave Macmillan, 2017), Shiri Noy explores this question and more using mixed methods, including interviews, quantitative analysis, and review of policy documents and archives. The book starts off by providing readers a history of the World Bank and its role in health reform. Even though it may seem as if the World Bank would have a similar solution across countries, Noy finds that involvement and plans are more variable due to the systems already in place within these countries. Noy then moves on to an analysis of health expenditures, finding surprising results that further drove her research project and curiosity. The book then explores three countries in turn: Argentina, Peru, and Costa Rica. This book provides rich analysis of a complex social issue and set of systems, sending the reader away with both empirical and theoretical findings.

This book will be enjoyed by sociologists broadly but particularly by historical sociologists or those studying Latin America specifically. This book will be of interest to political scientists and health scholars as well. Graduate level courses in health and stratification could utilize this book not only for understanding health reform and the role of the World Bank, but also in terms of the fascinating case studies of the three countries contained here.

Sarah E. Patterson is a Sociology postdoc at the University of Western Ontario. You can tweet her at @spattersearch.

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Taisu Zhang, “The Laws and Economics of Confucianism: Kinship Property in Preindustrial China and England” (Cambridge UP, 2017) Feb 27, 2018

Taisu Zhang ties together cultural history, legal history, and institutional economics in The Laws and Economics of Confucianism: Kinship and Property in Pre-Industrial China and England (Cambridge University Press, 2017) and offers a novel argument as to why Chinese and English pre-industrial economic development went down different paths. Late Imperial and Republican China (1860-1949) was dominated of Neo-Confucian social hierarchies, under which advanced age and generational seniority were the primary determinants of sociopolitical status. This allowed many poor but senior individuals to possess status and political authority highly disproportionate to their wealth. In comparison, in the more individualistic early modern England (1500-1700) landed wealth was a fairly strict prerequisite for high status and authority. This essentially excluded low-income individuals from secular positions of prestige and leadership. Zhang argues that this social difference had major consequences for property institutions and agricultural production.

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Christopher Witko and William Franko, “The New Economic Populism: How States Respond to Economic Inequality” (Oxford UP, 2017) Feb 26, 2018

In the last few weeks, minimum wage workers in 18 states saw their wages go up; in Maine a full dollar increase. Why states have taken the lead on raising the minimum wage is the topic of the new book from Christopher Witko and William Franko, The New Economic Populism: How States Respond to Economic Inequality (Oxford University Press, 2017). Witko is associate professor of political science at the University of South Carolina; Franko is assistant professor of political science at West Virginia University.

In the book, they argue, despite rising inequality, the federal government has been unable to muster the will to address the problem. Instead, we are seeing many states actively addressing economic inequality, often through direct democracy. Franko and Witko show that the states that address inequality are not necessarily those with the greatest levels of inequality, but instead are those states where citizens are aware and concerned with growing inequality. They examine how various factors have shaped state policies that boost incomes at the bottom (the minimum wage and the Earned Income Tax Credit) and reduce incomes at the top (with top marginal tax rates) between 1987 and 2010.

Heath Brown, associate professor, City University of New York, John Jay College and CUNY Grad Center, hosted this podcast. Please rate the podcast on iTunes and share it on social media.

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Rachel Sherman, “Uneasy Street: The Anxieties of Affluence” (Princeton UP, 2017) Feb 26, 2018

For her new book Uneasy Street: The Anxieties of Affluence (Princeton University Press, 2017), Rachel Sherman conducted in-depth interviews with fifty wealthy New Yorkers—including hedge fund financiers, corporate lawyers, professors, artists, and stay at home mothers—to try to understand their lifestyle choices as consumers in society and their perception of privilege. In the media and popular imagination, the wealthy are often presented as self-serving people who single-mindedly accrue and display social advantages for themselves and their children. Sherman’s findings destroy this stereotype. Instead, she found that the wealthy believed in diversity and meritocracy. They were often reluctant to talk about their wealth and were conflicted about their position in a class-based society. The rich wanted to see themselves as hard working people who give back and raise children with good values. They longed to be considered morally worthy and generally depicted themselves as productive and prudent.

Michael O. Johnston is an Assistant Professor of Sociology at William Penn University. He earned his doctoral degree in Public Policy and Public Administration from Walden University. His most recent paper, to be presented at the upcoming American Society for Environmental History conference, is titled “Down Lovers Lane: A Brief History of Necking in Cars.”

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Daniel Fridman, “Freedom From Work: Embracing Financial Self-Help in the United States and Argentina” (Stanford UP, 2017) Feb 15, 2018

In Freedom From Work: Embracing Financial Self-Help in the United States and Argentina (Stanford University Press, 2017), Daniel Fridman explores what it means to be an economic subject in what different people call the new economy, the post-industrial economy, or neoliberal capitalism. Fridman begins his investigation by looking into a best-selling book in what he calls financial self-help, an ascendant genre of self-help that tries to teach its readers how they should think about the economy today and what their goals and ethics ought to be as actors in that new economy. Using ethnographic and interview methods, Fridman gets to know the people who practice the advice of these books, participating in their various seminars and fascinating financially-focused board-game meet-ups. Fridman unpacks the core ideas that animate this world and shows that, far from being an isolated ideology, the worldview posited by financial self-help can teach us a lot about how people are remaking themselves as economic actors in the world today. Adding another level of analysis, the book also has a comparative component as Fridman tracks these groups and ideas as they play out across different cultures in the United States and in Argentina. This book will excite anyone interesting in making sense of the profound human changes that come attendant with our rapidly changing economy.

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J. Mark Souther, “Believing in Cleveland: Managing Decline in ‘The Best Location in the Nation'” (Temple UP, 2017) Feb 09, 2018

Like many cities, Cleveland has gone through periods of decline and renewal, yet the process there has followed a process where these periods were not always obvious and often failed because of a lack of cohesiveness among civic leaders, both public and private. In his new book Believing in Cleveland: Managing Decline in ‘The Best Location in the Nation’ (Temple University Press, 2017), J. Mark Souther, a professor of history at Cleveland State University, reviews the city’s attempts to revitalize from post-World War II into the 1970s. He shows that many of the plans developed had issues that almost doomed them to failure before they were even completed. Mark’s book is a great study of a Rust Belt city and its attempts to believe in itself.

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Franklin Obeng-Odoom, “Reconstructing Urban Economics: Towards a Political Economy of the Built Environment” (Zed Books, 2016) Jan 31, 2018

In this interview, Carlo D’Ippoliti and Andrea Bernardi interview Franklin Obeng-Odoom who teaches urban economics and political economy in the School of Built Environment at the University of Technology, Sydney. In 2016, Dr Obeng-Odoom won the Patrick Welch Prize awarded by the Association for Social Economics. He also won the EAEPE-Kapp Prize 2017 for “Marketising the commons in Africa: the case of Ghana” Review of Social Economy 74 (4), 390-419. He has recently published Reconstructing Urban Economics: Towards a Political Economy of the Built Environment (Zed Books, 2016)

The shift of world populations into cities and the increasing concentration of activities in urban areas have generated new debates about cities as well as rejuvenating old debates, turning them into global concerns. The economics of cities and regions has, therefore, attained a particularly important status in the twenty-first century. Yet many writers on urban economic issues have never formally studied the subject. Many are mainstream economists who apply their general (equilibrium) economics to cities, but most of them have very little appreciation of the political economy of cities and much less understanding of the built environment, its history, complexities, and peculiarities. The result is the rise of a highly mathematical, mystical urban economics abstracted from critical political, institutional, and social processes at a time when real-world urban economics is urgently needed. This book seeks to offer a corrective to this state of affairs, and to generate further interest in critical real-world urban economics. Through the analysis, exposition, and critique of the urban world in which we live, the book shows fundamental contradictions in the wisdom that more mainstream urban economists have offered over the years. It offers clear alternatives that show that another urban world is possible.

Carlo D’Ippoliti is associate professor of political economy at Sapienza University of Rome, and editor of the open access economics journals PSL Quarterly Review and Moneta e Credito. Within EAEPE he is the research area coordinator of History of Political Economy; more info at his website www.carlodippoliti.eu.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPEs permanent track on Critical Management Studies.

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Joseph Nathan Cohen, “Financial Crisis in American Households” (Praeger, 2017) Jan 30, 2018

Are iPhones or homes bankrupting Americans? Joe Cohen‘s new book, Financial Crisis in American Households: The Basic Expenses That Bankrupt the Middle Class (Praeger, 2017), presents data and discussion on the financial status of American households. The book considers whether capitalism or government policies are to blame. Cohen considers the historical changes that have taken place in America, including the post WWII economy, globalization, and technological advances. Rather than focus on individual spending, Cohen argues that we need to take a structural approach and also do some cross-country comparison to truly understand the financial reality of American households. This book also provides interesting discussion around how we even measure financial well-being and hardship, for instance the distinction between officially poor according to federal government limits versus relative poverty. Overall, using clear examples and data illustrations, Cohen presents a comprehensive and historical overview of the financial states of American households and provides readers with some important takeaways and questions that we must ask ourselves if we want to build a better America.

This book will be enjoyed by sociologists, but also those interested in economics and public policy. It would be good for any social inequality or stratification class. It provides clear examples and typologies, which would be useful for any higher level undergraduate sociology class.

Sarah E. Patterson is a postdoc at The University of Western Ontario. You can tweet her at @spattersearch.

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Emily C. Nacol, “An Age of Risk: Politics and Economy in Early Modern Britain” (Princeton UP, 2016) Jan 29, 2018

Emily C. Nacol has written a fascinating interrogation of the idea of risk, the concept of vulnerability, and the evolution of probabilistic thinking as conceived of and explored by four of the preeminent British thinkers of the seventeenth and eighteenth centuries. Nacol’s book, An Age of Risk: Politics and Economy in Early Modern Britain (Princeton University Press, 2016) examines the political, economic, and epistemological works of Thomas Hobbes, John Locke, David Hume, and Adam Smith. Each thinker’s ideas are explored in regard to the way they consider risk, which itself was a fairly new concept and had grown out of maritime concerns. An Age of Risk traces the concept itself within political thinking, and why it grows into an important dimension of the works by these theorists. Nacol explains that Hobbes, Locke, Hume, and Smith thought differently about risk and, as a result, structured their theories in distinct ways. She examines how Hobbes and Locke are generally concerned with minimizing risk, and their thinking is designed to more directly try to limit risk or alleviate the potential within political society and the economy. In the analysis of Hume’s work and of Smith’s work, Nacol finds a different approach to risk especially in Hume’s estimation that humans will inevitably have to contend with risk and uncertainty, and this leads to the consideration of political emotions like anxiety and fear. Smith, Nacol notes, moves into the realm of probabilistic thinking in his work as he integrates considerations of risk and uncertainty into his political and economic thought. All four thinkers provide lenses through which to consider this concept of vulnerability and what it means to an individual, and to political and economic orders.

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Malcolm Harris, “Kids These Days: Human Capital and the Making of Millennials” (Little, Brown and Co, 2017) Jan 11, 2018

Every young generation inspires a host of comparisons—usually negative ones—with older generations. Whether preceding a criticism or punctuating one, “kids these days” is a common utterance. Perhaps because of the ubiquity of the internet and their heavy presence on it, Millennials have been the most parsed and monitored generation as its members are still in the process of coming of age in history. Stereotypes abound in the media and popular culture: Millennials are lazy, entitled, narcissistic, and immature. Synthesizing an array of social science research that has been conducted not just on this cohort but on the society they find themselves struggling to navigate, writer Malcolm Harris in Kids These Days: Human Capital and the Making of Millennials (Little, Brown and Company, 2017) aims to get readers to question these stereotypes and myths and instead think about how Millennials are trying to survive within today’s shifting social structures and conditions. More than any other generation, Millennials have been raised to think of everything they do as a way to build human capital and invest in their own future. And they do so at time in American history when higher education is becoming increasingly expensive as wages are declining, work is becoming more precarious and less stable, and the future of the social safety net is showing signs of either eroding or at least completely transforming in the future. In short, the book refreshingly considers the forces that have helped shape who Millennials are and why they behave and think as they do. With luck, it will encourage a discussion of the root causes behind serious problems that this young cohort confronts (precarity, youth poverty, over-medication, and over-work) and their possible solutions instead of the same tired stereotypes.

Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY). He is the author of Masters of Craft: Old Jobs in the New Urban Economy (Princeton University Press, 2017), about the transformation of low-status occupations into cool, cultural taste-making jobs (cocktail bartenders, craft distillers, upscale mens barbers, and whole animal butchers), and of Upscaling Downtown: From Bowery Saloons to Cocktail Bars in New York City (Princeton University Press, 2014), about growth policies, nightlife, and conflict in gentrified neighborhoods. His work has appeared in such journals as City & Community, Poetics, Ethnography, and the European Journal of Cultural Studies. He is also the editor of Ethnography and the City: Readings on Doing Urban Fieldwork (Routledge, 2012) and serves on the editorial boards of the journals Metropolitics, Work and Occupations, and the Journal for Undergraduate Ethnography.

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Alice Echols, “Shortfall: Family Secrets, Financial Collapse and a Hidden History of American Banking” (New Press, 2017) Jan 01, 2018

Alice Echols is a professor of history and the Barbra Streisand Chair of Contemporary Gender Studies at the University of Southern California. In her book Shortfall: Family Secrets, Financial Collapse and a Hidden History of American Banking (New Press, 2017) Echols offers a narrative and social history of American capitalism in the years of and preceding the Great Depression by focusing not on Wall Street but on Main Street and the men who ran hundreds of small-town building and loan associations across the nation. Situated in Colorado Springs she reconstructs the life of her shrewd and ambitious grandfather Walter Davis, who emerged from virtually nowhere to become a small town finance man running the City Savings Building and Loan Association. He gained and betrayed the trust of hundreds of depositors who invested their life savings to secure the American dream of homeownership and financial security. They found their lives destroyed by an unregulated industry and Davis’s dishonest practices. Shortfall is both the story of American capitalism told from the bottom up and of Echols uncovering her own family secrets of ill-gotten gain, decadence, scandal, loss, and ultimate despair that reflected the lives of millions across the nation. Shortfall offers lessons in the dangers associated with small-town finance men, land speculators, depositors in denial, ill-equipped investigators, inexperienced judges and an unregulated financial marketplace.

Lilian Calles Barger is a cultural, intellectual and gender historian. Her current book project is entitled The World Come of Age: An Intellectual History of Liberation Theology is forthcoming in 2018 from Oxford University Press.

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Malcom McKinnon, “The Broken Decade: Prosperity, Depression and Recovery in New Zealand, 1929-39” (Otago UP, 2016) Dec 15, 2017

In his new book, The Broken Decade: Prosperity, Depression and Recovery in New Zealand, 1928-39 (Otago University Press, 2016), historian Malcolm McKinnon, adjunct associate professor at Victoria University, explores the critical decade of the 1930s in New Zealand’s history and national memory. Utilizing archival records, statistics, and artistic representations, McKinnon details the efforts of New Zealand’s government and people to cope with the unprecedented conditions.

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Eli Cook, “The Pricing of Progress: Economic Indicators and the Capitalization of American Life” (Harvard UP, 2017) Dec 06, 2017

I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life.

How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life.

Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy.

As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Inequality and Democracy with Tommie Shelby Nov 30, 2017

Tommie Shelby is Caldwell Titcomb Professor of African and African-American Studies, and Professor of Philosophy at Harvard University. His research focuses on political equality and problems of economic, social, and criminal justice. His most recent book is Dark Ghettos: Injustice, Dissent, and Reform, which is published by Harvard University Press.

The "Why We Argue" podcast is produced by the Humanities Institute at the University of Connecticut as part of the Humility and Conviction in Public Life project.

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Pasquale Tridico, “Inequality in Financial Capitalism” (Routledge, 2017) Nov 29, 2017

I was joined by Pasquale Tridico, Professor of Political Economy at Roma Tre University in Italy. His latest book, Inequality in Financial Capitalism, was published by Routledge in 2017. The issue of inequality has regained attention in the economic and political debate. This is due to both an increase in income inequality, in particular among rich countries but not only, and an increasing interest in this topic by researchers, policy makers and political movements. In this book, the author presents figures and insights on several possible causes of inequality but focuses on the role of financial capitalism, characterised by the strong dependency of economies on the financial sector, by the intensification of international trade and capital mobility, and by the flexibilisation of labour markets, the reduction of wage shares and a declining welfare redistribution. A conversation on such a complex topic was also the opportunity to briefly mention collateral issues such as the financial crisis, the failure of the Occupy Wall Street protests, and Brexit.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Michelle Murphy, “The Economization of Life” (Duke University Press, 2017) Nov 27, 2017

In The Economization of Life (Duke University Press, 2017), Michelle Murphy pulls apart the late modern concept of “population” to show the lives this concept has produced and continues to produce, and, importantly, the lives it has failed to allow under the banner of postwar development projects. In the post-WWII period of decolonization, experts and state planners in the Global North tested in the real-world the hypotheses of Demographic Transition Theory (industrialization leads to few births which leads to “better” lives). In doing so, they repackaged the racist logic of earlier eugenicist definitions of population in the postwar period by harnessing the concept of population, not to environmental limits, but to economic optimization. Murphy show how this postwar “regime of valuation” played out on the ground through an extended study of population management and family planning projects in Bangladesh. Murphy’s work—which combines a new history of the population concept with an original study of lives lived (and not lived) in Bangladesh—demonstrates her broader point: namely that seemingly abstract, large scale elements of late-capitalist infrastructures of industrial production depend upon emotional, affective sensibilities about sex and reproduction.

By telling a history of expert concepts of population, the infrastructures that perform it, the affects that pulse through it, and forms of life it continues to produce and prevent, Michelle Murphy invites readers to speculate towards other worlds—and other words. Murphy teaches us why population is an “intolerable concept” and she does the work of imagining other, more just, more apt words we might use in place of “population.” She suggests that her term “distributed reproduction” might help shift our attention, our thinking, and our practices towards more emancipatory collective responses and responsibilities—given our own existence as part of infrastructures of racism and violence.

Laura Stark is Associate Professor at Vanderbilt University and is Associate Editor of the journal History & Theory. Laura’s first book, Behind Closed Doors: IRBs and the Making of Ethical Research, was published in 2012 by University of Chicago Press. Her current research explores how a market for healthy civilian “human subjects” emerged in law, science, and popular imagination in the post-World War Two period. It is based on a vernacular archive she created with more than 100 “normal control” research subjects and scientists who took part in postwar experiments at the US National Institutes of Health, now archived at Countway Library for the History of Medicine. Overall, Stark’s work uses social theory to map the intersections of science, morality and the modern state in a global context.

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Mike Wallace, “Greater Gotham: A History of New York City from 1898-1919” (Oxford UP, 2017) Nov 22, 2017

In 1898, a new metropolis emerged from the consolidation of New York City with East Bronx, Brooklyn, Staten Island and the western part of Queens County. In Greater Gotham: A History of New York City from 1898 to 1919 (Oxford University Press, 2017), Mike Wallace describes the first two decades of this city’s expanded history, a period in which it led and embodied the developments that were taking place nationally. As he explains, consolidation was a trend throughout America during this era. Big business was at the forefront of this, as Wall Street provided the financing necessary for numerous industries to form dominant corporate combinations through mergers and takeovers. The enormous wealth controlled by these titans was prominent throughout the city, both in the new skyscrapers rising to dominate the city’s skyline and in the cultural and educational institutions that flourished with infusions of their capital. Similar mergers took place in many sectors and aspects of city life, from entertainment to labor, with even the criminal underworld consolidating in a reflection of the times. Wallace’s book chronicles all of this, as well as the developments in the many communities of a richly diverse city that during these years experienced dramatic growth and changes wrought by a global war.

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Marc Lavoie, “Post-Keynesian Economics: New Foundations” (Edward Elgar, 2014) Nov 22, 2017

This interview is a conversation with the author, Marc Lavoie, and his colleague Dany Lang. We discuss Post-Keynesian Economics: New Foundations (Edward Elgar, 2014) and Marc’s contribution to the heterodox-mainstream debate in economics. The book provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world economy over the last twenty years. Topics covered include open-economy issues, the methodological foundations of heterodox economics, consumer theory, firms and pricing, money and credit, effective demand and employment, inflation theory, and growth theories. The interview focuses on the introductory chapter, making the conversation accessible also to an audience of non-economists. The book has been awarded the 2017 Myrdal Prize by EAEPE, the European Association for Evolutionary Political Economy, ex aequo with Wolfram Elsner, Torsten Heinrich, Henning Schwardt, The Microeconomics of Complex Economies, Evolutionary, Institutional, Neoclassical, and Complexity Perspectives.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.

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Jonathan Morduch and Rachel Schneider, “The Financial Diaries: How American Families Cope in a World of Uncertainty” (Princeton UP, 2017) Nov 21, 2017

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).

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Jeremy Milloy, “Blood, Sweat, and Fear: Violence at Work in the North American Auto Industry, 1960-1980” (U. of Illinois Press, 2017) Nov 20, 2017

In the twenty first century, violence at work is often described in the context of a lone employee “snapping” and harming coworkers or management. In his new book, Blood, Sweat, and Fear: Violence at Work in the North American Auto Industry, 1960-1980 (University of Illinois Press/UBC Press, 2017), Jeremy Milloy argues that violence in the workplace has a much deeper and more complicated history, and that the stereotype of the quiet loner suddenly deciding to commit violence against their peers conceals much more than it reveals. In short, violence on the job has a history. The shift from violence committed by management against striking workers to individualized violence in the form of shootings and assaults among workers occurred as labor unions lost power and splintered into radical and more mainstream factions. By examining the often hyper-masculine heyday of the mid-twentieth-century auto industry, Milloy makes a strong case for a broader definition of what constitutes violence at work under capitalism. In the words of one attorney reflecting on a workplace shooting in a Detroit Chrysler factory, “Chrysler pulled the trigger.” The structure of auto manufacturing work itself bred a culture of violence on the factory floor. In both Detroit, Michigan and Windsor, Ontario, race, gender, and labor dynamics mediated the relationships between employees in the sprawling auto factories that straddled the Canadian-American border. Blood, Sweat, and Fear tells the stark story of life and death within those plants as the nature of work and labor changed in the late twentieth century.

Jeremy Milloy earned his PhD at Simon Fraser University and is a SSHRC postdoctoral fellow at Trent University.

Stephen Hausmann is a doctoral candidate at Temple University and Visiting Instructor of history at the University of Pittsburgh. He is currently writing his dissertation, a history of race and the environment in the Black Hills and surrounding northern plains region of South Dakota, Wyoming, and Montana.

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Wolfram Elsner, Torsten Heinrich, Henning Schwardt, “The Microeconomics of Complex Economies” (Elsevier, 2014) Nov 16, 2017

In this interview, two of the three authors (Wolfram Elsner and Torsten Heinrich) of The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives (Elsevier, 2014) discuss their new book of Microeconomics and position it in the heterodox-orthodox debate. This formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. This interview, as the final chapter on policy perspectives and decisions, explains the value of the toolset as the highly interdependent economy of the 21st century demands a reconsideration of economic theories. The book has been awarded the 2017 Myrdal Prize by EAEPE, the European Association for Evolutionary Political Economy, Ex aequo with Marc Lavoie for his book on Post-Keynesian Economics: New Foundations (Edward Elgar, 2014).

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPEs permanent track on Critical Management Studies.

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Pamela Swett, “Selling under the Swastika: Advertising and Commercial Culture in Nazi Germany” (Stanford UP, 2013) Nov 16, 2017

In her new book, Selling under the Swastika: Advertising and Commercial Culture in Nazi Germany (Stanford University Press, 2013), Pamela Swett, Professor of History at McMaster University is the first comprehensive examination of commercial advertising in the Third Reich. Swett argues that advertisements played a much greater role in normalizing the Third Reich then previously thought. She highlights how advertisers at all levels enjoyed a great deal of freedom to sell their products, while using the National Socialist message not because they were forced, but because consumers were attuned to it. Swett’s book is a fascinating look at the advertising and consumer industries during the Third Reich.

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Jennifer Randles, “Proposing Prosperity? Marriage Education Policy and Inequality in America” (Columbia UP, 2016) Nov 14, 2017

“Marriage is the foundation of a successful society,” proclaimed the Clinton-era welfare reform bill. Since then, national and state governments have spent nearly a billion dollars on programs designed to encourage poor and low-income Americans to get married and to remain married. But do any of these initiatives achieve their stated goals? To find out, listen to our interview with Jennifer Randles, author of Proposing Prosperity?: Marriage Education Policy and Inequality in America (Columbia University Press, 2016), who knows first-hand what happens in such programs, bringing important new insight into evaluating claims that there is a “success sequence” that will bring people out of poverty.

Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).

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Steve Viscelli, “The Big Rig: Trucking and the Decline of the American Dream” (U. Cal Press, 2016) Nov 13, 2017

There may not be a more ubiquitous presence on American highways than the truck. The images are iconic: eighteen-wheelers with muddy steel and chrome, and a driver in aviator sunglasses and a mesh hat. But as Steve Viscelli, political sociologist and lecturer at the University of Pennsylvania, shows in his new book, The Big Rig: Trucking and the Decline of the American Dream (University of California Press, 2016), the romantic idea of the hardworking, solitary truck driver making a decent, honest living for his family must be laid to rest. Once among the best blue-collar jobs in the country with one of the strongest labor unions, the deregulation and subsequent greedy practices of the trucking industry turned it into a “bad” one, with very low pay, very long and unpredictable hours, and awful work conditions. Aware of these realities, the trucking industry does a masterful job of creating and maintaining the illusion that being a truck driver is still a path toward upward mobility, an honest and true working-class version of the American Dream. They structure work so that workers play a “miles game” of always trying to maximize time for a little extra pay, and push the allure of becoming an independent contractor, which only indebts them to their company. Becoming a trucker himself, Viscelli vividly shows his own frustrations in training and out on the road, caught up in the game and hearing stories of workers who haven’t seen their families in weeks and are still struggling to make ends meet. Through an illuminating case, Viscelli addresses the timeless questions: “Why do people work bad jobs?” and “Why do they stay in them for as long as they do?” His answers get at the heart not just of a single occupation and industry, but also of work in today’s economy.

Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY). He is the author of Masters of Craft: Old Jobs in the New Urban Economy (Princeton University Press, 2017), about the transformation of low-status occupations into cool, cultural taste-making jobs (cocktail bartenders, craft distillers, upscale mens barbers, and whole animal butchers), and of Upscaling Downtown: From Bowery Saloons to Cocktail Bars in New York City (Princeton University Press, 2014), about growth policies, nightlife, and conflict in gentrified neighborhoods. His work has appeared in such journals as City & Community, Poetics, Ethnography, and the European Journal of Cultural Studies. He is also the editor of Ethnography and the City: Readings on Doing Urban Fieldwork (Routledge, 2012) and serves on the editorial boards of the journals Metropolitics, Work and Occupations, and the Journal for Undergraduate Ethnography.

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Carlo D’Ippoliti et.al., “The Routledge Handbook of Heterodox Economics: Theorizing, Analyzing, and Transforming Capitalism” (Routledge, 2017) Nov 09, 2017

The Routledge Handbook of Heterodox Economics: Theorizing, Analyzing, and Transforming Capitalism (Routledge, 2017), a new handbook of economics has been published; it is a very special one. In this interview, Carlo D’Ippoliti, one of the three co-editors, discusses with us why a handbook of heterodox economics was needed. Contributions throughout the handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Regulation theory; the Social Structure of Accumulation approach; and ecological economics. Several contributions explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics. Both graduate students and academics will enjoy reading it. The interview ends with Carlo D’Ippoliti arguing in favour of a more pluralist approach to economics in research, teaching and policymaking.

Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on ‘Critical Management Studies.’

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Joshua Clark Davis, “From Head Shops to Whole Foods: The Rise and Fall of Activist Entrepreneurs” (Columbia UP, 2017) Nov 02, 2017

In From Head Shops to Whole Foods: The Rise and Fall of Activist Entrepreneurs (Columbia University Press, 2017), historian Joshua Clark Davis offers an unconventional history of the 1960s and 1970s by uncovering the work of activist entrepreneurs. These activists offered alternatives to conventional profit-driven corporate business models by opening up their own small businesses. It’s a fascinating account that challenges the mistaken idea that activism and political dissent are inherently antithetical to participation in the marketplace.

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Johan Swinnen and Devin Briski, “Beeronomics: How Beer Explains the World” (Oxford UP, 2017) Oct 31, 2017

Beer has been a part of human civilization dating back to its beginnings. In summarizing the role it has played over the millennia, Johan Swinnen and Devin Briski’s book Beeronomics: How Beer Explains the World (Oxford University Press, 2017) reveals how the evolving roles the beverage has played exposes broader trends in the economy and society. As Briski explains in this podcast, while beer has been consumed since at least as early as Sumerian times, it wasn’t until the addition of hops as a preservative by brewers in Europe during the Middle Ages that beer became commercially viable. The development of the industry reflected more general trends, from the economies of scale that took place during the Industrial Revolution to the impact of television on small brewers in the United States in the mid-20th century. Today the industry is characterized both by a few multinational conglomerates and numerous craft brewers whose products provide a diverse counterpoint from the mass-produced lagers of the large companies. Briski reveals how these products reflect the different trends of consumption throughout the world, from the increased focus upon quality consumption in the United States and western Europe to the rapid expansion of beer consumption in places like Russia, China, and Brazil.

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Eric J. Pido, “Migrant Returns: Manila, Development, and Transnational Connectivity” (Duke UP, 2017) Oct 27, 2017

The government of the Philippines has for decades encouraged its citizens to seek work abroad and send money back to the country in remittances. But in recent years it has increasingly sought to entice Filipinos who have settled abroad to come home, not only for tourism but also for retirement. In Migrant Returns: Manila, Development, and Transnational Connectivity (Duke University Press, 2017), Eric J. Pido travels with Filipino Americans as they try to reimagine their lives and lifestyles in the gated communities and malls of Manila, and beyond. Along the way he encounters real estate agents, bureaucrats, investors and family members of returnees, or balikbayan, all in one way or another participating in attempts at selling an idea of home, one that for balikbayan from the US in particular evokes feelings both of homecoming and of a homeliness that they associate with their years spent on the other side of the Pacific.

Eric J. Pido joins New Books in Southeast Asian Studies to talk about histories of departing from and returning to the Philippines, segregated suburbs and walled megacities, the balikbayan economy, returning migrants’ anxieties and hopes, medical tourism, and 1950s nostalgia.

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