New Books in Economics

Today I talked to Nathalie Nahai new book Values, Uncertainty and the Psychology of Brand Resilience (Kogan Page, 2022) David Brooks once joked that in the end the “revolution” promised us by the Baby Boomers amounted to nothing much more than the founding of Whole Foods. What will Millennials bring us? Already it seems that the answer is a workforce and consumer-citizens for whom the values they want to live by and be known for on social media will be paramount. Why is that the case? As Nathalie Nahai argues, a primary reason is the looming environmental disaster of global warming. The stakes are high, and the result is that nothing can be taken for granted. With trust being the emotion of business, today’s agile, atomized and antagonized workplace wants more justice: for women, for blacks, for everyone who feels like the mantra of “profit with purpose” at least helps to offset, a little, the raging economic inequality of today’s economy. From cancel-culture to woke-washing, this is a hugely timely episode. Nathalie Nahai is an acclaimed international speaker, author, and consultant, with clients ranging from Google to Unilever, Accenture and beyond. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Following World War II the American government and philanthropic foundations fundamentally remade American universities into sites for producing knowledge about the world as a collection of distinct nation-states. As neoliberal reforms took hold in the 1980s, visions of the world made popular within area studies and international studies found themselves challenged by ideas and educational policies that originated in business schools and international financial institutions. Academics within these institutions reimagined the world instead as a single global market and higher education as a commodity to be bought and sold. By the 1990s, American universities embraced this language of globalization, and globalization eventually became the organizing logic of higher education. In Making the World Global: U.S. Universities and the Production of the Global Imaginary (Duke UP, 2019), Isaac A. Kamola examines how the relationships among universities, the American state, philanthropic organizations, and international financial institutions created the conditions that made it possible to imagine the world as global. Examining the Center for International Studies, Harvard Business School, the World Bank, the Social Science Research Council, and NYU, Kamola demonstrates that how we imagine the world is always symptomatic of the material relations within which knowledge is produced. Dr. Kamola is currently an Associate Professor of Political Science and President of the American Association of University Professors (AAUP) chapter at Trinity College in Hartford, Connecticut. Sara Katz is a postdoctoral associate in the history department at Duke University. 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 ever stopped to think about your local grocery cooperative and what makes it different than, say Safeway or Giant or Whole Foods? That is, if you have a grocery cooperative in your neighborhood – they are neither ubiquitous nor evenly distributed. They do, however, offer perhaps the most visible model of how economic practices can exist outside the central dogma of capitalism. In Practicing Cooperation: Mutual Aid Beyond Capitalism (U Minnesota Press, 2021), Andrew Zitcer uses the travails and triumphs of four non-traditional organizations to create a compelling argument for a better, more equitable way to organize social and economic practices. His portraits of two grocery co-ops and a dance collective in Philadelphia, as well as a national acupuncture multistakeholder cooperative, ground his theory in the real world where ordinary people sweat, argue, stock shelves, heal each other, and make art. But his interlocutors have an underlying passion – to create a place where cooperation, rather than competition, is the guiding principle. This approach to social practice has deep implications for the creation of a more equitable and just society. Zitcer’s personal immersion in his research yields a “loving critique” of his four case studies and offers a realistic optimism for our post-pandemic world. Rachel Pagones is an acupuncturist, educator, and author based in Cambridge, England. Her book, Acupuncture as Revolution: Suffering, Liberation, and Love (Brevis Press) was published in 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Inflation expectations – their formation, predictive accuracy, and influence on business price-setting and household consumption – remain one of the great macroeconomic puzzles and challenges to policymakers. As inflation returns to the developed world after a decade-long abeyance, understanding them matters more than ever. In The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology (Cambridge University Press, 2020), Tobias Rötheli has used two (relatively) new disciplines in the study of expectations: behavioral and experimental economics. Instead of applying a top-down version of rationality - like rational expectations - he uses a bottom-up model of rationality, studying individual behavior in the laboratory and then working up from the data. With some surprising results. Tobias Rötheli has been Professor of Macroeconomics at the University of Erfurt since 2000. A graduate of the University of Bern, he has worked at the Swiss National Bank and been a visiting scholar at Harvard, Stanford and the Federal Reserve Bank of St. Louis. He is the author of five other books and a string of papers; his 2020 paper on The 8½ Equations Version of the Quantity Theory of Money mentioned in the interview can be found at: https://papers.ssrn.com/sol3/D... *The author's own book recommendations are A History of Economic Theory: Classic Contributions 1720-1980 by Jürg Niehans (JHUP, 1994) and Raymond Carver's Collected Stories (Library of America, 2009). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors (a division of Energy Aspects). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Making Women Pay: Microfinance in Urban India (Duke UP, 2022), Smitha Radhakrishnan explores India's microfinance industry, which in the past two decades has come to saturate the everyday lives of women in the name of state-led efforts to promote financial inclusion and women's empowerment. Despite this favorable language, Radhakrishnan argues, microfinance in India does not provide a market-oriented development intervention, even though it may appear to help women borrowers. Rather, this commercial industry seeks to extract the maximum value from its customers through exploitative relationships that benefit especially class-privileged men. Through ethnography, interviews, and historical analysis, Radhakrishnan demonstrates how the unpaid and underpaid labor of marginalized women borrowers ensures both profitability and symbolic legitimacy for microfinance institutions, their employees, and their leaders. In doing so, she centralizes gender in the study of microfinance, reveals why most microfinance programs target women, and explores the exploitative implications of this targeting. Smitha Radhakrishnan is Professor of Sociology and Luella LaMer Professor of Women’s Studies at Wellesley College. Her research examines the cultural, financial, and political dimensions of gender and globalization, with particular focus on India, the United States, and South Africa. Her most recent book, Making Women Pay: Microfinance in Urban India, examines exploitative anti-poverty practices that target women. Radhakrishnan’s previous book, Appropriately Indian: Gender and Culture in a Transnational Class (Duke University Press 2011) is a transnational ethnography of Indian IT professionals. She has previously researched the cultural politics of post-apartheid South Africa. Her articles have appeared in World Development, Gender and Society, Theory and Society, and Signs, among other prominent journals. She received her PhD in Sociology from University of California, Berkeley. Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He co-hosts the podcast High Theory and is a co-founder of the Postcolonial Anthropocene Research Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Making Women Pay: Microfinance in Urban India (Duke UP, 2022), Smitha Radhakrishnan explores India's microfinance industry, which in the past two decades has come to saturate the everyday lives of women in the name of state-led efforts to promote financial inclusion and women's empowerment. Despite this favorable language, Radhakrishnan argues, microfinance in India does not provide a market-oriented development intervention, even though it may appear to help women borrowers. Rather, this commercial industry seeks to extract the maximum value from its customers through exploitative relationships that benefit especially class-privileged men. Through ethnography, interviews, and historical analysis, Radhakrishnan demonstrates how the unpaid and underpaid labor of marginalized women borrowers ensures both profitability and symbolic legitimacy for microfinance institutions, their employees, and their leaders. In doing so, she centralizes gender in the study of microfinance, reveals why most microfinance programs target women, and explores the exploitative implications of this targeting. Smitha Radhakrishnan is Professor of Sociology and Luella LaMer Professor of Women’s Studies at Wellesley College. Her research examines the cultural, financial, and political dimensions of gender and globalization, with particular focus on India, the United States, and South Africa. Her most recent book, Making Women Pay: Microfinance in Urban India, examines exploitative anti-poverty practices that target women. Radhakrishnan’s previous book, Appropriately Indian: Gender and Culture in a Transnational Class (Duke University Press 2011) is a transnational ethnography of Indian IT professionals. She has previously researched the cultural politics of post-apartheid South Africa. Her articles have appeared in World Development, Gender and Society, Theory and Society, and Signs, among other prominent journals. She received her PhD in Sociology from University of California, Berkeley. Saronik Bosu (@SaronikB on Twitter) is a doctoral candidate in English at New York University. He is writing his dissertation on South Asian economic writing. He co-hosts the podcast High Theory and is a co-founder of the Postcolonial Anthropocene Research Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Once you understand that markets require public institutions of governance and regulation in order to function well, and further, you accept that nations may have different preferences over the shape that those institutions and regulations should take, you have started to tell a story that leads you to radically different endings. – Dani Rodrik, The Globalization Paradox (2011) Influenced by Dani Rodrik’s research and teaching at Harvard’s Kennedy School, Yeling Tan, Assistant Professor of Political Science at the University of Oregon, and non-resident scholar at UCSD’s 21st Century China Center, has written a book that brings together her interest and expertise in China’s political economy: Disaggregrating China, Inc.: State Strategies in the Liberal Economic Order (Cornell University Press, 2021). As you will hear, Professor Tan is interested in the dynamics of international and domestic politics with a focus on the tensions involving policy change within political economies. The development and the role of institutions especially with regard to China, given its political structure and economic governance, has provided just such an intriguing case for Tan who has been immersed in PRC-related study since graduate school. The book frames the story of China’s WTO entry and assesses its impact on the country’s complex and sprawling structures of economic governance with the kind of inspiration that makes well-written and researched economic history as compelling as it is empirically rigorous. Professor Tan’s analysis and argument fits within the interdisciplinary sphere most aptly described as political economy as she systematically ‘disaggregates’ China’s institutional response as a one-party state to the globalizing effects of WTO engagement. Her book draws upon a rich research literature including the post-Mao reform and opening period to frame her research questions before moving into her own theory, methods, and findings – a unique contribution to the field filling the lack of studies focused on external institutional influences on the political economy of China. As such, she moves us beyond the caricatured and monolithic simplifications underlying the bipartisan, ideologically driven interpretations reassessing the outcome of China’s WTO entry and subsequent trade policy. To liberally paraphrase a key source of her intellectual inspiration, Rodrik’s The Globalization Paradox: acknowledging the role of public institutions and the various value preferences of nations to help shape well-performing markets will lead you, as with Tan’s story, to the start of an understanding of the relationship of markets and institutions with a radically different ending in the China context. Yeling Tan is Assistant Professor of Political Science at the University of Oregon. Keith Krueger lectures at the SILC Business School in Shanghai University. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Economy Studies project emerged from the worldwide movement to modernise economics education, spurred on by the global financial crisis of 2008, the climate crisis, and the COVID-19 pandemic. It envisions a wide variety of economics graduates and specialists, equipped with a broad toolkit, enabling them to collectively understand and help tackle the issues the world faces today. Economy Studies: A Guide to Rethinking Economics Education (Amsterdam University Press, 2021) is a practical guide for (re-)designing economics courses and programs. Based on a clear conceptual framework and ten flexible building blocks, this book offers refreshing ideas and practical suggestions to stimulate student engagement and critical thinking across a wide range of courses. Sam de Muijnck is chief economist at the Dutch independent think tank Our New Economy. Earlier, he was the chair of the Future Generations Think Tank, as well as that of the Dutch branch of the international student movement, ‘Rethinking Economics’. He completed his undergraduate economics degree at the Radboud University in Nijmegen, and then pursued an interdisciplinary research master’s at the University of Amsterdam. Joris Tieleman completed his PhD from the Institute for Housing and Urban Development Studies, Erasmus University Rotterdam. He previously worked as a staff research journalist for the Volkskrant (a Dutch daily), and co-founded the Dutch branch of Rethinking Economics. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at [email protected]. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Gender and Food: A Critical Look at the Food System (Rowman and Littlefield, 2019) synthesizes existing theoretical and empirical research on food, gender, and intersectionality to offer students and scholars a framework from which to understand how gender is central to the production, distribution, and consumption of food. Shelley L. Koch is professor of sociology at Emory & Henry College. She is the author of A Theory of Grocery Shopping: Food, Choice, and Conflict and co-editor of Food, Masculinities and Home: Interdisciplinary Perspectives. Her areas of specialization include gender, food studies, the environment, and consumer society. She also teaches in courses in the Women and Gender Studies and Food Studies programs. She received the HOPE Award in 2018 for her work on sustainable local food systems, and tends a garden and raises chickens in Washington County. Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism. 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 Dr. Carlo D’Ippoliti, Professor of Economics at the Department of statistical sciences, Sapienza University of Rome. We talked about Democratizing the Economics Debate; Pluralism and Research Evaluation. This was published in 2020 by Routledge. It is a great book, almost a manifesto for better economics, divided into three parts: 1 How economics should be; 2 What economics is; 3 What economics could become. The book speaks to colleagues but it is perfectly accessible to students and non specialists too. It is a book about the profession of the economist, its social relevance and responsibility. It is a book about pluralism and the impact of economics on democracy and policy making. It is a book about the metrics that we use to assess the quality of research and the dynamics that dominate the field, from careers to the tyranny of top mainstream journals. More than a decade since the global financial crisis, economics does not exhibit signs of significant change. Mainstream economists act on an idealized image of science, which includes the convergence of all perspectives into a single supposed scientific truth. Democratizing the Economics Debate shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics. Economics has always been characterized by a plurality of competing perspectives and research paradigms, however, there is evidence of a worrying global involution in the last 40 years. Even as the production of economics publications has exploded, the economics debate is becoming less plural and increasingly hierarchical. Among several causes, the tendency to conformism has been exacerbated in recent years with the use of formal schemes of research quality evaluation. This book documents how such schemes now cover more than half of all economists worldwide and reviews the impact of biased methods of research evaluation on the stunting of levels of pluralism in economics. The book will be of interest to anyone who worries for the state of the democratic debate. As experts who intervene in the public debate, economists must assure society that they are working in the best possible way, which includes fostering a wide and fair scientific debate. It is this test of social legitimacy that economics currently fails. This contribution perfectly complements two other books that Carlo has recently edited with his colleagues: 'The Routledge Handbook of Heterodox Economics' (Routledge International Handbooks) and 'Classical Economics Today, Essays in Honor of Alessandro Roncaglia' (Anthem Other Canon Economics). Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

John and Elizabeth continue their conversation with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan’s work fits into a newish approach in anthropology of researching people with greater power and influence than the researchers themselves. That's sometimes called "studying up" and Dan and Elizabeth (who's writing a book about gold, after all!) have both thought a lot about it. Read the transcript here. Read Aneil Tripathy's RTB piece about actuarial time scales and how they shape the sort of anthropology that both he and Souleles practice. Elizabeth Ferry is Professor of Anthropology at Brandeis University. Email: [email protected]. John Plotz is Barbara Mandel Professor of the Humanities at Brandeis University and co-founder of the Brandeis Educational Justice Initiative. Email: [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

Generous welfare states are losing their key characteristics, not least in Sweden, where privatisation of funding has proceeded privatisation of provision, beginning in the 1990s. Supplementary exclusionary sources of welfare in healthcare, education, and social care, have proliferated throughout European welfare states under the neoliberal agenda that has dominated debate across the developed world. Rather than full privatisation, we see semi-private solutions, in which the citizen becomes the consumer, but remains subsidised by the state in their pursuit of private welfare, via tax breaks that benefit the richest in society most, rather than those with the greatest need. At the same time, private providers have been able to free-ride on the state, for example by hiring like doctors and teachers trained on state-funded courses, whilst the divided welfare state erodes the more generous, universal system by undermining the trust in it and the willingness of people to contribute to it. Ultimately, it replaces one view of social policy as an investment, something that generates wealth and contributes to the future, with another, of social policy as a cost, that takes up resources rather than generates them. John Lapidus' The Quest for a Divided Welfare State: Sweden in the Era of Privatization (Palgrave Macmillan, 2019) charts the development of this process in Sweden, beginning with the privatisation of provision, such as private hospitals and tutoring, and how it lays the groundwork for private funding, which puts pressure on existing generous and universal welfare systems sustained by the public sector. In our discussion, we identify the methods through which neoliberal advocates promote privatisation, and how ongoing privatisation becomes self-reinforcing to nullify opponents, win over ambivalent actors, and dominate the debate in the political sphere. We end on an optimistic note, looking at the education sector and discussing what we can learn from debates in this area to promote and restore equality throughout the welfare state. John is currently a Research Fellow at the School of Business, Economics and Law within the University of Gothenberg in Sweden, where he earnt his PhD in 2015. Prior to John’s academic career, he spent several years as a journalist, and also spent time working in Nicaragua for the Swedish-Nicaragua Friendship Association, an international NGO that helps communities build self-help organisations and tackle poverty. Leo Nasskau is an expert on the future of work and interviews authors writing about public policy and political economy — particularly how capitalism can be reformed to deliver sustainable prosperity for all. To join the discussion about this book, visit leonasskau.co.uk, and to give Leo anonymous feedback, go to bit.ly/Feedback-Leo. 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 Thom Hartmann about his new book The Hidden History of American Healthcare: Why Sickness Bankrupts You and Makes Others Insanely Rich (Berrett-Koehler, 2021). To hear Thom Hartmann tell it, the battle over whether healthcare should be seen as a right or a privilege has two phases in American history. From the 1880’s to the 1980’s the idea of universal American healthcare was opposed due to racist bias, i.e., to provide it would favor aiding African-Americans, too. Then from the Reagan Revolution to today, greed has taken over because the current system favors industry insiders benefitting while the average American pays more for less than is true elsewhere in the so-called Developed World. Get ready for plenty of surprises here, starting with the fact that the debate about healthcare got launched by three Germans: Karl Marx, Otto von Bismarck, and a person named Frederick Ludwig Hoffman. Never heard of the third guy? Well, at a time when Prudential Insurance was the biggest player in its sector Hoffman provided the platform for denying the healthcare that Bismarck had decided was a way to counter the appeal of Marxism. Thom Hartmann is a four-time winner of the Project Censored Award, a New York Times bestselling authority of 32 books, and America’s #1 progressive talk radio show host. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Should we love work? In The Trouble with Passion: How Searching for Fulfillment at Work Fosters Inequality (U California Press, 2021), Erin Cech, an Associate Professor of Sociology at the University of Michigan, demonstrates how having passion for work fosters and reinforces a wide range of social inequalities. Drawing on extensive fieldwork and data analysis, the book combines qualitative and quantitative data to elaborate and theorise ‘the passion principle’ that underpins how the more advantaged justify the inequalities associated with education and the labour market. Alongside revealing who benefits, and who suffers, from the ideology that people must be passionate about work, the book gives strategies and ideas on how to challenge and change the passion principle. The book will be essential reading across academia and for anyone interested in contemporary working life. Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Elizabeth Korver-Glenn's book Race Brokers: Housing Markets and Segregation in 21st Century Urban America (Oxford UP, 2021) examines how housing market professionals-including housing developers, real estate agents, mortgage lenders, and appraisers-construct 21st century urban housing markets in ways that contribute to or undermine racial segregation. Drawing on extensive ethnographic and interview data collected in Houston, Texas, Race Brokers shows that housing market professionals play a key role in connecting people-or refusing to connect people-to housing resources and opportunities. They make these brokering decisions through reference to racist or anti-racist ideas. Typically, housing market professionals draw from racist ideas that rank-order people and neighborhoods according to their perceived economic and cultural housing market value, entwining racism with their housing market activities and interactions. Racialized housing market routines encourage this entwinement by naturalizing racism as a professional tool. Race Brokers tracks how professionals broker racism across the housing exchange process-from the home's construction, to real estate brokerage, mortgage lending, home appraisals, and the home sale closing. In doing so, it shows that professionals make housing exchange a racialized process that contributes to neighborhood inequality and racial segregation. However, in contrast to the racialized status-quo, a small number of housing market professionals draw on anti-racist ideas and strategies to extend equal opportunities to individuals and neighborhoods, de-naturalizing housing market racism. Race Brokers highlights the imperative to interrupt the racism that pervades housing market professionals' work, dismantle the racialized routines that underwrite such racism, and cultivate a truly fair housing market. Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Enlightened Entrepreneurialism is based on an in-depth filmed conversation between Howard Burton and Margaret Jacob, Distinguished Professor of History at UCLA. Topics examined during this extensive conversation include Margaret Jacob’s motivations to become a historian and her comprehensive analysis of the history of the Industrial Revolution and interpretation of the major economic motivations on the ground, comparing daily life experiences in England, France, Belgium and the Netherlands. A sophisticated understanding of the past naturally involves a composite approach that marries economic motivations with associated cultural factors of educational trends, religious influences and scientific and technological awareness, and more. Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Gulf region can no longer rely on the traditional growth drivers – oil, government spending, and large infrastructure projects. The anticipated rise in living standards must come by other means. But the extraordinary destruction of demand during the pandemic has underscored the persistent volatility of oil markets. In Trials of Resilience: How Covid-19 Is Driving Economic Change in the Arab Gulf (Gilgamesh, 2021), Jarmo T. Kotilaine argues that the crisis has also shown that the region needs stronger businesses now more than ever. The long-standing and deeply felt need to bring the private sector to the forefront, driving growth through businesses that are more dynamic and technology-based, has to be a central tenet of all government policy in the region. This is where the role of the virus will be ambiguous. By revealing the risks and costs of trying to stand by ‘business as usual’, it will serve as an important wake-up call for the need to plan for longer term prosperity. Nowhere is this more so than in the corporate sector and the labour markets, where the virus might even serve as a powerful catalyst for changes that have been anticipated for decades. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Inequality in America manifests in many ways, but perhaps nowhere more than in how we eat. From her years of field research, sociologist and ethnographer Priya Fielding-Singh brings us into the kitchens of dozens of families from varied educational, economic, and ethnoracial backgrounds to explore how—and why—we eat the way we do. In How the Other Half Eats: The Untold Story of Food and Inequality in America (Little Brown Spark, 2021), we get to know four families intimately: the Bakers, a Black family living below the federal poverty line; the Williamses, a working-class white family just above it; the Ortegas, a middle-class Latinx family; and the Cains, an affluent white family. Whether it's worrying about how far pantry provisions can stretch or whether there's enough time to get dinner on the table before soccer practice, all families have unique experiences that reveal their particular dietary constraints and challenges. By diving into the nuances of these families’ lives, Fielding-Singh lays bare the limits of efforts narrowly focused on improving families’ food access. Instead, she reveals how being rich or poor in America impacts something even more fundamental than the food families can afford: these experiences impact the very meaning of food itself. Packed with lyrical storytelling and groundbreaking research, as well as Fielding-Singh’s personal experiences with food as a biracial, South Asian American woman, How the Other Half Eats illuminates exactly how inequality starts on the dinner plate. Once you’ve taken a seat at tables across America, you’ll never think about class, food, and public health the same way again. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. 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 Jamie Mustard about his new book The Iconist: The Art and Science of Standing Out (BenBella Books, 2019). Ever feel like you’re “screaming” to be heard but in a world saturated by social media messages, et cetera, your “messages” are falling on deaf ears? If so, Jamie Mustard has a solution to propose. In short, you need to follow the Primal Laws of Attention. In essence, that means be bigger, brighter, and bolder than ever before in history to break through the clutter. In greater detail, those laws entail steps like the following: use repetition, deliver an emotional jolt by addressing the audience’s primary emotional concern, and practice transparency that establishes your authenticity. Most of all, engage in radical simplicity. If what you are saying can’t be readily understand, forget it. Then to back up that radical simplicity, the “shaft” behind that arrowhead of simplicity is sufficient information to make the messaging worthwhile. All of that—and more—delivered by Mustard in an impassioned episode. Jamie Mustard is a London School of Economic graduate; he’s also an artist, filmmaker, consultant, and a leading authority on branding, art, design, and media perception. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. 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 the remarkable Fiona Hill about her new memoir There Is Nothing for You Here: Opportunity in an Age of Decline (Mariner Books, 2021). We talked about the decline of older coal and steel industries (and economic dislocation generally), how this decline relates to the rise of populism in the Russia and the West, and her decision to join the Trump administration as a national security advisor. She is insightful and interesting about all of it. Enjoy. Marshall Poe is the founder and editor of the New Books Network. He can be reached at [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

By March 2020, the spread of COVID-19 had reached pandemic proportions, forcing widespread shutdowns across industries, including Hollywood. Studios, networks, production companies, and the thousands of workers who make film and television possible were forced to adjust their time-honored business and labor practices. In Hollywood Shutdown: Production, Distribution, and Exhibition in the Time of COVID (U Texas Press, 2021), Kate Fortmueller asks what happened when the coronavirus closed Hollywood. Hollywood Shutdown examines how the COVID-19 pandemic affected film and television production, influenced trends in distribution, reshaped theatrical exhibition, and altered labor practices. From January movie theater closures in China to the bumpy September release of Mulan on the Disney+ streaming platform, Fortmueller probes various choices made by studios, networks, unions and guilds, distributors, and exhibitors during the evolving crisis. In seeking to explain what happened in the first nine months of 2020, this book also considers how the pandemic will transform Hollywood practices in the twenty-first century. Joel Tscherne is an Adjunct History Professor at Southern New Hampshire University. His Twitter handle is @JoelTscherne. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Social World, Reexamined is based on an in-depth filmed conversation between Howard Burton and Brian Epstein, Associate Professor of Philosophy at Tufts University. Brian Epstein’s career as a management consultant piqued his interest and his later research into the reasons why our current models of economics, politics and other areas of social science so often go terribly wrong. The conversation explores how we can dramatically improve our current economic and political models by reexamining our assumptions about the nature of the social world. Howard Burton is the founder of the Ideas Roadshow, Ideas on Film and host of the Ideas Roadshow Podcast. He can be reached at [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

As people reach for social justice and better lives, they create public goods--free education, public health, open parks, clean water, and many others--that must be kept out of the market. When private interests take over, they strip public goods of their power to lift people up, creating instead a tool to diminish democracy, further inequality, and separate us from each other. The Privatization of Everything: How the Plunder of Public Goods Transformed America and How We Can Fight Back (New Press, 2021), by the founder of In the Public Interest, an organization dedicated to shared prosperity and the common good, chronicles the efforts to turn our public goods into private profit centers. The Privatization of Everything connects the dots across a broad spectrum of issues and raises larger questions about who controls the public things we all rely on, exposing the hidden crisis of privatization that has been slowly unfolding over the last fifty years and giving us a road map for taking our country back. Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Everybody eats. We may even consider ourselves experts on the topic, or at least Instagram experts. But are we aware that the shrimp in our freezer may be farmed and frozen in Vietnam, the grapes in our fruit bowl shipped from Chile, and the coffee in our coffee maker grown in Nicaragua, roasted in Germany, and distributed in Canada? Whether we know it or not, every time we shop for food, cook, and eat, we connect ourselves to complex supply networks, institutions, and organizations that enable our food choices. Even locavores may not know the whole story of the produce they buy at the farmers market. In Food, a contribution to the MIT Press Essential Knowledge series, food writer and scholar Fabio Parasecoli offers a consumer's guide to the food system, from local to global. Parasecoli describes a system made up of open-ended, shifting, and unstable networks rather than well-defined chains; considers healthy food and the contradictory advice about it consumers receive; discusses food waste and the implications for sustainability; explores food technologies (and “culinary luddism”); and examines hunger and food insecurity in both developing and developed countries. Parasecoli reminds us that we are not only consumers but also citizens, and as citizens we have more power to improve the food system than we do by our individual food choices. Fabio Parasecoli is a Professor in the Department of Nutrition and Food Studies, The New York University Steinhardt. His research explores the cultural politics of food, particularly in media, design, and heritage. His books include Al Dente: A History of Food in Italy, Feasting Our Eyes: Food, Film, and Cultural Citizenship in the US, Knowing Where It Comes From: Labeling Traditional Foods to Compete in a Global Market, and Global Brooklyn: Designing Food Experiences in World Cities. Website: https://fabioparasecoli.com/ Twitter: @FParasecoli Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Economic Thought in Modern China: Market and Consumption, c.1500–1937 (Cambridge University Press, 2020), Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arguing in favour of ending long-standing rules against luxury consumption, an idea that emerged in Europe in the late seventeenth and early nineteenth centuries. Zanasi challenges Eurocentric theories of economic modernization as well as the assumption that European Enlightenment thought was unique in its ability to produce innovative economic ideas. She instead establishes a direct connection between observations of local economic conditions and the formulation of new theories, revealing the unexpected flexibility of the Confucian tradition and its accommodation of seemingly unorthodox ideas. Margherita Zanasi is Professor of Chinese History at Louisiana State University. She has published widely on different aspects of modern China's history, including her first book Saving the Nation: Economic Modernity in Republican China (University of Chicago Press, 2005). She also serves as the editor of the journal Twentieth Century China. Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, is forthcoming with Cambridge University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

With COP26 and high fossil fuel prices, energy is back in the headlines. And Russia, as one of the world’s largest producers of hydrocarbons, is part of the conversation--most recently, in Putin’s refusal to expand oil production to ease global prices. The world is coming up on three major transitions—peak use of fossil fuels, renewables competing with non-renewables, and a warming climate likely to surpass the 1.5 degree threshold set by the IPCC. What do those trends mean for Russia: a great power, a major oil and gas producer, an Arctic country covered in permafrost, and an economy with strong, but increasingly outdated, levels of technological development. Klimat: Russia in the Age of Climate Change (Harvard University Press, 2021), by Professor Thane Gustafson, examines how Russia might react—or be forced to react—to a changing environment and energy market. In this interview, the three of us will talk about how Russia will have to change as the world warms. As the world shifts to renewables, will Russia be able to keep up? As Arctic ice melts, will Russia see shipping opportunities? And will climate change get greater salience among the Russian public? Thane Gustafson is Professor of Government at Georgetown University. A widely recognized authority on Russian political economy and formerly a professor at Harvard University, he is the author of many books, notably The Bridge: Natural Gas in a Redivided Europe (Harvard University Press: 2020) and Wheel of Fortune: The Battle for Oil and Power in Russia (Harvard University Press: 2017), as well as Russia 2010: And What It Means for the World (Vintage: 1995), coauthored with Daniel Yergin. We’re also joined in this interview by Yvonne Lau. Yvonne is the Asia Markets Reporter for Fortune Magazine, with a longtime interest in Russia, especially its post-Soviet economic development and its growing ties with China. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Klimat. Follow on Facebook or on Twitter at @BookReviewsAsia. Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. 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 installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here. 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 David Avrin about his new book Why Customers Leave (And How to Win Them Back) (Career Press, 2019). There are three central themes to this book: immediacy (customers want instant gratification), individuality (offer flexible, customized assistance) and humanity (show interest and concern for those you are assisting). Of them, as David Avrin notes in this pleasing, semi-rant of an interview, immediacy should be the easiest for companies to act on. Unfortunately, automation is paradoxically making immediacy often harder to achieve. Other ironies worth noting from Avrin’s perspective include: companies trying to head off negative off-line reviews with surveys that don’t bring about change; and front-line employees who can figure out quicker than their managers what could and should be improved on. If upgrades don’t happen, what’s the solution? Run an exercise where employees are encouraged to formulate plans on how a competitor could undercut the company they currently work for by making the changes they detect would be beneficial. That move—or threat--would get management’s attention if nothing else will! David Avrin is a highly popular speaker and consultant on the topics of the customer experience as well as on marketing. He’s a former CEO group leader and speaker for Vistage International. This is his third book, following It’s Not Who You Know, It’s Who Knows You and Visibility Marketing. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces; the high-skilled elite versus the less educated. As these divides deepen, we have lost the sense of ethical, reciprocal obligations to others that were crucial to the rise of post-war prosperity — and are inherently aligned with how humans are meant to live: in a friendly, collaborative community. So far these rifts have been answered only by ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right across much of Europe. Sir Paul Collier’s The Future of Capitalism: Facing the New Anxieties (Harper, 2019), winner of the 2019 Handelsblatt Prize, provides a diagnosis for how these anxieties have arrived, alongside a pragmatic and ambitious prescription for how we can address them. In our conversation, we trace these anxieties of 21st century capitalism back to their ethical, economic, and social roots and discuss ideas to rebuild reciprocal obligations in our society, paving the way to more sustainable, more kind, and more successful future of capitalism. Paul is currently Professor of Economics and Public Policy at the Blavatnik School of Government at the University of Oxford and a Director of the International Growth Centre in London. He is a world-renowned development economist, working with governments around the world; an award-winning author, notably writing The Bottom Billion, on how the world’s poorest countries can achieve prosperity, and most recently Greed is Dead, with Sir John Kay; and frequently writes for magazines such as Prospect and the New Statesman. Host, Leo Nasskau, is an expert on the future of work and interviews authors writing about public policy and political economy — particularly how capitalism can be reformed to deliver sustainable prosperity for all. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Food Justice Now: Deepening the Roots of Social Struggle (University of Minnesota Press, 2018) charts a path from food activism to social justice activism that integrates the two. In an engrossing, historically grounded, and ethnographically rich narrative, Joshua Sbicca argues that food justice is more than a myopic focus on food, allowing scholars and activists alike to investigate the causes behind inequities and evaluate and implement political strategies to overcome them. Joshua Sbicca is associate professor of sociology at Colorado State University. His research focuses on food as a site of economic, political, and social struggle. His recent work studies food systems and cultures and social movements at intersections of carcerality, gentrification, and racial capitalism. Underlying these interests is an ongoing engagement with how activists and scholars articulate and practice food justice and what this means for building broad based social movements. Website: http://joshuasbicca.com/ Twitter: @joshsbicca Amir Sayadabdi is a lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Just about everyone knows correlation does not equal causation, and probably that a randomized controlled experiment is the best way to solve that problem, if you can do one. If you’ve been following the economics discipline you will have heard about the Nobel Prize given to Abhijit Banerjee, Esther Duflo, and Michael Kremer for their work applying the experimental method to test real-world policy interventions out in the field. But what if you can’t do this? Are you just stuck with untestable claims? This year’s Nobel Prize to Josh Angrist, David Card, and Guido Imbens for methods of causal inference with observational data confirms that you don't have to give up. Scott Cunningham’s Causal Inference: The Mixtape (Yale UP, 2021) provides an accessible practical introduction to techniques developed by these luminaries and others. Along with the statistical theory, it provides intuitive explanations of these techniques, and examples of the computer code needed to run them. In our conversation we discuss why economists needed these techniques and how they work. Scott Cunningham is a professor of economics at Baylor University. He researches topics including mental healthcare, sex work, abortion and drug policy. He is active on Twitter, has a blog on Substack, and frequently conducts workshops on causal inference methods. A complete web version of his book is available here. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Despite their considerable presence in Hollywood, extras and working actors have received scant attention within film and media studies as significant contributors to the history of the industry. Looking not to the stars but to these supporting players in film, television, and, recently, streaming programming, Below the Stars: How the Labor of Working Actors and Extras Shapes Media Production (University of Texas Press, 2021), highlights such actors as precarious laborers whose work as freelancers has critically shaped the entertainment industry throughout the twentieth and twenty-first centuries. In the books, Kate Fortmueller, Assistant Professor at the University of Georgia, proposes a media industry history that positions underrepresented and quotidian experiences as the structural elements of the culture and business of Hollywood. Resisting a top-down assessment, Fortmueller explores the wrangling of labor unions and guilds that advocated for collective action for everyday actors and helped shape professional norms. She pulls from archival research, in-person interviews, and firsthand observation to examine a history that cuts across industry boundaries and situates actors as a labor group at the center of industrial and technological upheavals, with lasting implications for race, gender, and labor relations in Hollywood. Joel Tscherne is an Adjunct History Professor at Southern New Hampshire University. His Twitter handle is @JoelTscherne. 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 wake of labor market deregulation during the 2000s, online content sharing and social networking platforms were promoted in Japan as new sites of work that were accessible to anyone. Enticed by the chance to build personally fulfilling careers, many young women entered Japan's digital economy by performing unpaid labor as photographers, net idols, bloggers, online traders, and cell phone novelists. While some women leveraged digital technology to create successful careers, most did not. In Invisibility by Design: Women and Labor in Japan's Digital Economy (Duke UP, 2020), Gabriella Lukács traces how these women's unpaid labor became the engine of Japan's digital economy. Drawing on interviews with young women who strove to sculpt careers in the digital economy, Lukács shows how platform owners tapped unpaid labor to create innovative profit-generating practices without employing workers, thereby rendering women's labor invisible. By drawing out the ways in which labor precarity generates a demand for feminized affective labor, Lukács underscores the fallacy of the digital economy as a more democratic, egalitarian, and inclusive mode of production. Jingyi Li is a PhD Candidate in Japanese History at the University of Arizona. She researches about early modern Japan, literati, and commercial publishing. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Judith Shapiro and John-Andrew McNeish's book Our Extractive Age: Expressions of Violence and Resistance (Routledge, 2021) emphasizes how the spectrum of violence associated with natural resource extraction permeates contemporary collective life. Chronicling the increasing rates of brutal suppression of local environmental and labor activists in rural and urban sites of extraction, this volume also foregrounds related violence in areas we might not expect, such as infrastructural developments, protected areas for nature conservation, and even geoengineering in the name of carbon mitigation. Contributors argue that extractive violence is not an accident or side effect, but rather a core logic of the 21st Century planetary experience. Acknowledgement is made not only of the visible violence involved in the securitization of extractive enclaves, but also of the symbolic and structural violence that the governance, economics, and governmentality of extraction have produced. Extractive violence is shown not only to be a spectacular event, but an extended dynamic that can be silent, invisible, and gradual. The volume also recognizes that much of the new violence of extraction has become cloaked in the discourse of "green development," "green building," and efforts to mitigate the planetary environmental crisis through totalizing technologies. Ironically, green technologies and other contemporary efforts to tackle environmental ills often themselves depend on the continuance of social exploitation and the contaminating practices of non-renewable extraction. But as this volume shows, resistance is also as multi-scalar and heterogeneous as the violence it inspires. Dr Marc Hudson is a research fellow in the politics of industrial decarbonisation policy at the Science Policy Research Unit, University of Sussex, UK. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why do weak autocrats create strong autocracies? Using game-theoretic logic and an analysis of the post-colonial experience of sub-Saharan Africa, Anne Meng shows that by creating institutions that incorporate other elites into the inner circles of power, dictators create regimes that can outlast their founders. By creating clear lines of succession, they avoid disruptive power struggles that could bring down the regime. Anne Meng is a professor of political science at the University of Virginia who studies authoritarian institutions. She received her PhD from the University of California, Berkeley. Host Peter Lorentzen is a professor of economics at the University of San Francisco. His research examines the political economy of governance and development in China. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Globalization is possibly the most important economic phenomenon of the past several decades. Opening borders, increasing trade and deepening integration has transformed our economies, our societies and our politics. Globalization changed establishment politics; the reaction against it transformed those against the establishment. But there’s a world of difference between Donald Trump and Bernie Sanders’ critiques of globalization. And those who have concerns about globalization due so for different reasons, building different alliances as they work to implement, reform or roll back globalization. Anthea Roberts and Nicolas Lamp, authors of Six Faces of Globalization: Who Wins, Who Loses, and Why It Matters (Harvard University Press: 2021) looks more closely at these debates, building out distinct narratives that classify how we should think about the politics of globalization, and how different political movements understand who wins from globalization: everyone, a few, or nobody. Those interested in learning more about the book and its arguments: “Who wins and who loses from globalization? There are (at least) six answers”, a book excerpt published on BigThink “Want to know what future battles over globalization will be about? Look to the chip shortage”, a commentary piece published on Fortune Paul Krugman and Branko Milanovic in conversation with Anthea Roberts and Nicolas Lamp In this interview, Anthea, Nicolas and I talk about the politics of globalization: the arguments used to support it, and the stories used to criticize it. We explore some of the interesting intersections between these arguments … and where we think the politics of globalization might go from here. Anthea Roberts is professor in the School of Regulation and Global Governance at Australian National University and author of the prizewinning Is International Law International? (Oxford University Press: 2017). Nicolas Lamp is associate professor in the Faculty of Law at Queen’s University, Ontario. Before joining Queen’s University, he worked as a dispute settlement lawyer at the World Trade Organization. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Six Faces of Globalization. Follow on Facebook or on Twitter at @BookReviewsAsia. Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

On this episode, I have the great pleasure of finally getting to talk with one of the “unsung heroes” of cybernetics, whose work has finally begun to receive the critical attention it has long deserved, and upon which I have leaned quite heavily in my own work since I entered this field. With Cybernetics for the Social Sciences, out from Brill in 2021, Bernard Scott has met a long-felt need by authoring a book that shows the foundational relevance of cybernetics for such fields as psychology, sociology, and anthropology. Scott provides user-friendly descriptions of the core concepts of cybernetics, with examples of how they can be used in the social sciences, and explains how cybernetics functions as a transdiscipline that unifies other disciplines and a metadiscipline that provides insights about how other disciplines function. He provides an account of how cybernetics emerged as a distinct field, following interdisciplinary meetings in the 1940s, convened to explore feedback and circular causality in biological and social systems and also recounts how encountering cybernetics transformed his thinking and his understanding of life in general. Tom Scholte is a Professor of Directing and Acting in the Department of Theatre and Film at the University of British Columbia located on the unceded, ancestral, and traditional territory of the Musqueam people Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Supply chains - and, especially, their points of failure - have become a global hot topic, encouraging us all to take a closer look at how goods move around the globe. Dr. Gero Leson has spent the better part of his career developing supply chains from the ground up, modeling a community-driven approach that holds a vision of interconnection and a broader understanding of success for Western culture. At natural soap company Dr. Bronner’s, Leson and his colleagues and collaborators have developed ingredient supply chains for key ingredients, including palm oil, cocoa, and olive oil, that have aimed to honor people and process as much as product. At times, the results have been humbling, but, also, educational and human-centered. Working in communities around the globe, including Ghana, India, and Sri Lanka, Leson’s sourcing stories demonstrate how working closely with people and recognizing the role of serendipity can have surprising and dynamic results--and lead to regenerative, more socially just supply chains. In Honor Thy Label: Dr. Bronner's Unconventional Journey to a Clean, Green, and Ethical Supply Chain (Portfolio, 2021), Leson shares case studies of his work and offers insight into the complexity of critical supply chain issues, including sustainability, regenerative organic agriculture, and fair trade. Dr. Gero Lasen is the vice president of special operations at Dr. Bronners, a top-selling brand of soaps in North America. After joining the company in 2005, he helped its transition to sourcing all major ingredients directly from certified fair trade and organic projects, built from scratch and supplied by small scale farms. Under his leadership, Dr Bronners has become a pathfinder in the global movement to establish socially just and environmentally responsible supply chains. Leson holds a masters in physics and a doctorate in environmental science and engineering. He is a regular speaker on business, sustainability, fair trade, and regenerative organic agriculture. Dr. Susan Grelock Yusem is an independent researcher trained in depth psychology, with an emphasis on community, liberation, and eco-psychologies. Her work centers around interconnection and encompasses regenerative food systems, the arts and conservation. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How much do new building codes reduce energy usage? How much and it what ways does it matter for an immigrant to be able to work legally? How has the Affordable Care Act affected people’s work decisions? How did the Great Recession affect women’s childbearing decisions? New statistical and econometric techniques give us better ways of distinguishing correlation from causation even when an experiment would be impossible or unethical. In Data and the American Dream: Contemporary Social Controversies and the American Community Survey, economist Matthew Holian provides a practical introduction to these techniques using publicly available data. Matthew Holian is a professor of economics at San Jose State University whose research focused on urban and energy economics. Host Peter Lorentzen is an economics professor at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Re-Union: How Bold Labor Reforms Can Repair, Revitalize, and Reunite the United States (Cornell UP, 2021), David Madland explores how labor unions are essential to all workers. Yet, union systems are badly flawed and in need of rapid changes for reform. Madland's multilayered analysis presents a solution--a model to replace the existing firm-based collective bargaining with a larger, industry-scale bargaining method coupled with powerful incentives for union membership. These changes would represent a remarkable shift from the norm, but would be based on lessons from other countries, US history and current policy in several cities and states. In outlining the shift, Madland details how these proposals might mend the broken economic and political systems in the United States. He also uses three examples from Britain, Canada, and Australia to explore what there is yet to learn about this new system in other developed nations. Madland's practical advice in Re-Union extends to a proposal for how to implement the changes necessary to shift the current paradigm. This powerful call to action speaks directly to the workers affected by these policies--the very people seeking to have their voices recognized in a system that attempts to silence them. David Madland is Senior Fellow and Strategic Director of the American Worker Project at the Center for American Progress. He is author of Hollowed Out: Why the Economy Doesn’t work without a strong middle class. 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 Adam Kahane about his new book Facilitating Breakthrough: How to Remove Obstacles, Bridge Differences, and Move Forward Together (Berrett-Koehler, 2021). You’re helping South Africa make the transition from apartheid to democracy under Nelson Mandela. You’re helping end a half-century civil war in Columbia. You’re working with the First Nations in Canada. That’s a small part of the scope that Adam Kahane has been involved in over the recent decades. It’s meaningful, enlightened work that recognizes that the two typical modes of reaching “agreements” don’t yield optimal results. The vertical approach leads to rigidity and domination by ultimately shutting down dissent. The collegial, horizontal approach can lead to fragmentation and gridlock. What’s the new, third way forward? For Kahane, that means doing what Martin Luther King, Jr. did and looking for inspiration in the work of the German existential theologian Paul Tillich. Love offers unity, power the opportunity for self-realization, and justice looks to ensure that power bring equity for all. If ever you’ve had to work out disagreements to resolve a conflict, this episode is for you. Adam Kahane is the director of Reos Partners, an international social enterprise that helps people move forward together on their most important and intractable issues. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It's happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of this century. Foregoing the usual relitigating of the problems of housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy (University of Chicago Press, 2021) is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays a groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish. Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University. He is also Professor Emeritus at Bentley University and Research Fellow at the Independent Institute. Kirk Meighoo is Public Relations Officer for the United National Congress, the Official Opposition in Trinidad and Tobago. His career has spanned media, academia, and politics for three decades. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Data is now central to the economy, government, and health systems—so why are data and the AI systems that interpret the data in the hands of so few people? Alex Pentland and Alexander Lipton's Building the New Economy: Data As Capital (MIT Press, 2021) calls for us to reinvent the ways that data and artificial intelligence are used in civic and government systems. Arguing that we need to think about data as a new type of capital, the authors show that the use of data trusts and distributed ledgers can empower people and communities with user-centric data ownership, transparent and accountable algorithms, machine learning fairness principles and methodologies, and secure digital transaction systems. It's well known that social media generate disinformation and that mobile phone tracking apps threaten privacy. But these same technologies may also enable the creation of more agile systems in which power and decision-making are distributed among stakeholders rather than concentrated in a few hands. Offering both big ideas and detailed blueprints, the authors describe such key building blocks as data cooperatives, tokenized funding mechanisms, and tradecoin architecture. They also discuss technical issues, including how to build an ecosystem of trusted data, the implementation of digital currencies, and interoperability, and consider the evolution of computational law systems. Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at [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

Today I talked to Sue Unerman about her new book Belonging: The Key to Transforming and Maintaining Diversity, Inclusions and Equality at Work (Bloomsbury, 2020) How is it that $8 billion a year gets thrown at diversity training and yet next-to-nothing changes? One person who isn’t giving up is Sue Unerman, who along with her co-authors Kathryn Jacob and Mark Edwards favors a full-court press of changes in order to improve the degree to which women get represented in the ranks of senior management at companies. From how meetings are run, to how teams are built, and of course who gets promoted and receives how much in compensation, the scope of this episode is broad. A particular focus is detrimental “banter” that’s hardly as light-hearted as it’s made out to be. Add to that the Glass Slipper problem of people trying to fit into a culture that should, instead, be blown wide-open and allow all types, and you’ve got a feel for how Unerman is urging reforms. Sue Unerman is the Chief Transformation Office at MediaCom, the largest media agency in the UK with over 200 clients. Along with Kathryn Jacob, she is also the co-author of The Glass Wall. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. 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, Daniel Peris, the host of the “Keep Calm and Carry On Investing” podcast, and David Finegold have a wide-ranging discussion of economics and governance questions inherent in K-12 and higher education. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

It's time to rethink how we create and allocate money In Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose (Fast Company Press, 2021), Marco Dondi sheds light on the fact that most people do not have the economic security to focus on purpose and life fulfillment. He proposes that this is not the way things have to be; there is an alternative. In a quest to change our economic system to cater for everyone, he identifies deep issues in how money is created and allocated and connects these to capitalism. He shows that the assumptions and circumstances that made capitalism a success are no longer true today and then describes a new socio-economic model, Monetism. Dondi's solution is to provide a pragmatic roadmap to institutionalize Monetism and solve societal issues that seemed as permanent as time. Kirk Meighoo is Public Relations Officer for the United National Congress, the Official Opposition in Trinidad and Tobago. His career has spanned media, academia, and politics for three decades. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

A century ago, it was a given that a woman with a college degree had to choose between having a career and a family. Today, there are more female college graduates than ever before, and more women want to have a career and family, yet challenges persist at work and at home. This book traces how generations of women have responded to the problem of balancing career and family as the twentieth century experienced a sea change in gender equality, revealing why true equity for dual career couples remains frustratingly out of reach. Drawing on decades of her own groundbreaking research, Claudia Goldin provides a fresh, in-depth look at the diverse experiences of college-educated women from the 1900s to today, examining the aspirations they formed—and the barriers they faced—in terms of career, job, marriage, and children. She shows how many professions are “greedy,” paying disproportionately more for long hours and weekend work, and how this perpetuates disparities between women and men. Goldin demonstrates how the era of COVID-19 has severely hindered women’s advancement, yet how the growth of remote and flexible work may be the pandemic’s silver lining. Antidiscrimination laws and unbiased managers, while valuable, are not enough. Career and Family: Women’s Century-Long Journey toward Equity (Princeton UP, 2021) explains why we must make fundamental changes to the way we work and how we value caregiving if we are ever to achieve gender equality and couple equity. Marshall Poe is the founder and editor of the New Books Network. He can be reached at [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

Today I talked to Jackie Fast about her new book Rule Breaker: Rebellious Leadership for the Future of Work (Kogan Page, 2021). Imagine finding yourself in a career sector, sponsorship, because it’s the way to get a visa and stay in England. Well, that’s what happened to Jackie Fast. And as things turned out, she was very good at sponsorship work. In a few years her ability to put two brands together for a campaign, or more, a kind of temporary Merger and Acquisition, meant she was spending time doing work for Richard Branson on an island he owns in the Caribbean. From the vantage point of her highly successful, entrepreneurial career, what strikes Fast is, indeed, how fast the world is changing. Few if any older executives will manage the transition, she believes, to a world where the internet has democratized big business and where Millennials and Gen Z members favor a values-based approach that puts meaningful work you enjoy front and center in their career aspirations. Jackie Fast is the founder of the venture capital firm Sandbox Studios, which invests in celebrity-owned brands and has worked with The Rolling Stones, Red Bull, Zoom, Formula One, Virgin, Allianz and Universal Music among others. Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Politics. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Jeffrey Hooke's The Myth of Private Equity: An Inside Look at Wall Street's Transformative Investments (Columbia Business School, 2021) is a scathing indictment of the high-flying world of private equity. Piece by piece, Hooke takes apart the PE value proposition and shows, instead of the claimed "higher returns and lower volatility", a startling record of poor performance, exorbitant fees, completely opaque reporting, and a network of enablers that allow the business model to proceed. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at [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

An event-by-event look at how institutionalized racism harms the health of African Americans in the twenty-first century A crucial component of anti-Black racism is the unconscionable disparity in health outcomes between Black and white Americans. Sickening: Anti-Black Racism and Health Disparities in the United States (U Minnesota Press, 2021) examines this institutionalized inequality through dramatic, concrete events from the past two decades, revealing how unequal living conditions and inadequate medical care have become routine. From the spike in chronic disease after Hurricane Katrina to the lack of protection for Black residents during the Flint water crisis--and even the life-threatening childbirth experience for tennis star Serena Williams--author Anne Pollock takes readers on a journey through the diversity of anti-Black racism operating in healthcare. She goes beneath the surface to deconstruct the structures that make these events possible, including mass incarceration, police brutality, and the hypervisibility of Black athletes' bodies. Ultimately, Sickening shows what these shocking events reveal about the everyday racialization of health in the United States. Concluding with a vital examination of racialized healthcare during the COVID pandemic and the Black Lives Matter rebellions of 2020, Sickening cuts through the mind-numbing statistics to vividly portray healthcare inequalities. In a gripping and passionate style, Pollock shows the devastating reality and consequences of systemic racism on the lives and health of Black Americans. Claire Clark is a medical educator, historian of medicine, and associate professor in the University of Kentucky’s College of Medicine. She teaches and writes about health behavior in historical context. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics