New Books in Economics

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 [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

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

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

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

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

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

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

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

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

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

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 [email protected] or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... 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 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 [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

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 [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

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

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

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

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 [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