New Books in Economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 [email protected] or tweet to @gorenlj. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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). [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics