New Books in Economics

In The Making of Modern Corporate Finance: A History of the Ideas and How They Help Build the Wealth of Nations (Columbia Business School Publishing, 2025) Donald Chew profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries. He deals with such questions as: Why did the stagflation of the 1970s...

The Highest Exam: How the Gaokao Shapes China (Harvard UP, 2025), provides a detailed, research-driven survey of the gaokao, China's high-stakes college entrance exam. Authors Ruixue Jia and Hongbin Li--past test-takers themselves--show how the exam system shapes schooling, serves state interests, inspires individualistic attitudes, and has lately become a touchstone in US education debates.   Rui...

China's approach to digital governance has gained global influence, often evoking Orwellian 'Big Brother' comparisons. Governing Digital China (Cambridge UP, 2025) challenges this perception, arguing that China's approach is radically different in practice. This book explores the logic of popular corporatism, highlighting the bottom-up influences of China's largest platform firms and its citizens...

Untangling the Political Roots of Immigration and Inequality in the United States (Routledge, 2026) examines the causes, consequences, and politics of mass migration and growing inequality by investigating the case of the United States – the quintessential immigrant nation. While scholars, policy makers, and advocates have put forth a variety of explanations, many misdiagnose the causes and put f...

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...

Parents are exhausted. When did raising children become such all-consuming, never-ending, incredibly expensive, and emotionally absorbing effort? In this eye-opening book, Nina Bandelj explains how we got to this point--how we turned children into financial and emotional investments and child-rearing into laborious work. At the turn of the twentieth century, children went from being economically u...

In her new book, Politicizing Business: How Firms Are Made to Serve the Party-State in China (Cambridge, 2025), Ning Leng shows how Chinese officials systematically treat formally private firms as political instruments, extracting services that advance careers and maintain social control—often at the expense of business interests, economic efficiency and sustainable development. Ning Leng is an As...

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs i...

In The City's Defense: The Bank of England and the Remaking of Economic Governance, 1914-1939, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War Responding to mass unemploymen...

A feminist romp through pop culture that illuminates how women influence and shape the economy. Taylor Swift isn't just a pop megastar. She is a working woman whose astounding accomplishments defy patriarchal norms. And while not all women can be Beyoncé or Dolly Parton or Reese Witherspoon, the successes of these trailblazing stars help us understand the central role of women in today's economy....

Walter Benjamin was a German-Jewish intellectual and philosopher associated with the Frankfurt School, who tragically died at 48 years old in 1940 as he fled the advance of the Third Reich on the French-Spanish border. Most writers and critics see Benjamin’s work as fragmented, disjointed, esoteric and dispersed, with no clear narrative or cohesive philosophy. Duy Lap Nguyen, Associate Professor i...

Winners Take All meets Nickel and Dimed: a provocative debunking of accepted wisdom, providing the pathway to a sustainable, survivable economy. Confronted by the terrifying trends of the early twenty-first century - widening inequality, environmental destruction, and the immiseration of millions of workers around the world - many economists and business leaders still preach dogmas that lack evide...

The world is encountering multiple crises - climate, droughts, floods, energy, food, and pandemics, to name a few. Capitalism and Crises: How to Fix Them (Oxford UP, 2024) is about how capitalism can help fix them It has helped to cause because of a misconception about the nature of the system. There has been a failure to understand the key institution business. This book describes why this has ha...

Before there were Instagram likes, Twitter hashtags, or TikTok trends, there were bloggers who seemed to have the passion and authenticity that traditional media lacked. The Influencer Industry: The Quest for Authenticity on Social Media (Princeton UP, 2023) tells the story of how early digital creators scrambling for work amid the Great Recession gave rise to the multibillion-dollar industry that...

Climate change is devastating the planet, and globalisation is hiding it. Laurie Parsons's book Carbon Colonialism: How Rich Countries Export Climate Breakdown (Manchester UP, 2023) opens our eyes.  Around the world, leading economies are announcing significant progress on climate change. World leaders are queuing up to proclaim their commitment to tackling the climate crisis, pointing to data tha...

Immigration is one of the most controversial topics in the United States―and everywhere else. Pundits, politicians, and the public usually depict immigrants either as villains who pose a threat to our economy, culture, and safety, or as victims―needy outsiders whom we must help, at our own cost if necessary. But the data clearly debunk both narratives. From jobs, investment, and innovation to cult...

An eye-opening look at how all American workers, even the highly educated and experienced, are vulnerable to the stigma of unemployment. After receiving a PhD in mathematics from MIT, Larry spent three decades working at prestigious companies in the tech industry. Initially he was not worried when he lost his job as part of a large layoff, but the prolonged unemployment that followed decimated his...

Economies of Gender: Masculinity, "Mail Order Brides," and Women's Labor (Rutgers University Press, 2025) by Dr. Julia Meszaros offers a provocative exploration of the international dating industry, challenging simplistic narratives of human trafficking and scams while shedding light on the economic dynamics of gender. Through twelve years of fieldwork, the book delves into the motivations and exp...

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World...

Lithium, a crucial input in the batteries powering electric vehicles, has the potential to save the world from climate change. But even green solutions come at a cost. Mining lithium is environmentally destructive. We therefore confront a dilemma: Is it possible to save the world by harming it in the process? Having spent over a decade researching mining and oil sectors in Latin America, Thea Riof...

Stealing the Future is the first book to tell the true and full story of Sam Bankman-Fried and his historic crimes. It chronicles the $11 billion FTX fraud with the detail and nuance of a financial fraud expert and cryptocurrency insider – but unlike any book before it, it also traces the ideas that enabled the crime. “Effective Altruism” and related tendencies, such as longtermism and transhumani...

What's the secret to scoring a reservation at a hot new restaurant? When should you enter a lottery to increase your odds of winning? Why did your neighbor's kid get into a nearby preschool while yours didn't? Who gets priority for a life-saving organ donation? These outcomes are not a matter of luck. Instead, they depend on how we navigate hidden markets that arise to decide who gets what when ma...

No other phenomenon has shaped human history as decisively as capitalism. It structures how we live and work, how we think about ourselves and others, how we organize our politics. Sven Beckert, author of the Bancroft Prize–winning Empire of Cotton, places the story of capitalism within the largest conceivable geographical and historical framework, tracing its history during the past millennium an...

What do the economics of decolonisation mean for the future of Aotearoa? This question drives the work of Dr. Matthew Scobie and Dr. Anna Sturman as they explore the complex relationship between tangata whenua and capitalism in The Economic Possibilities of Decolonisation (Bridget Williams Books, 2024). By weaving together historical insights and contemporary analysis, this book reveals the enduri...

In The Indebted Woman: Kinship, Sexuality, and Capitalism (Stanford UP, 2023), the authors Isabelle Guérin, Santosh Kumar and G. Venkatasubramanian conceptualise how gender, debt, and capitalism are related. For over ten years, the researchers have been working in the Indian countryside of east-central Tamil Nadu, observing a credit market that specifically targets Dalit women. The book highlights...