New Books in Economics

International Development Law: Rule of Law, Human Rights & Global Finance (Springer, 2020) describes how international development works, its shortcomings, its theoretical and practical foundations, along with prescriptions for the future. It provides the reader with new perspectives on the origins of global poverty, identifies legal impediments to sustainable economic growth, and provides a bette...

Who and what are India’s land mafia? How do they operate, and why have they become so crucial to India’s land market? In this episode, we are joined by Chiara Arnavas for a discussion on the emergence over the past decades of a dynamic Indian land mafia that is centrally involved in moving land around, freeing it up for new uses, and passing it onto other actors for mega-profits. We analyze how th...

Meltdown: Scandal, Sleaze and the Collapse of Credit Suisse (Pegasus Books, 2024) is a great business history book. It meticulously chronicles the story of a large and once revered Swiss Bank, Credit Suisse, from its foundation in 1856 until how a series of scandals, driven by a culture of greed and entitlement among its bankers, led to the bank´s ultimate collapses in March 2023. The narrative al...

In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 (Co...

Politicians, economists, and the media have put forth no shortage of explanations for the mounting problem of wealth inequality – a loss of working class jobs, a rise in finance-driven speculative capitalism, and a surge of tax policy decisions that benefit the ultra-rich, among others. While these arguments focus on the macro problems that contribute to growing inequality, they overlook one innoc...

In India, elite law firms offer a surprising oasis for women within a hostile, predominantly male industry. Less than 10 percent of the country's lawyers are female, but women in the most prestigious firms are significantly represented both at entry and partnership. Elite workspaces are notorious for being unfriendly to new actors, so what allows for aberration in certain workspaces? Drawing from...

Many studies of China's relations with and influence on Southeast Asia tend to focus on how Beijing has used its power asymmetry to achieve regional influence. Yet, scholars and pundits often fail to appreciate the complexity of the contemporary Chinese state and society, and just how fragmented, decentralized, and internationalized China is today. In The Ripple Effect: China's Complex Presence in...

How the creation of money and monetary policy can be more democratic. The power to create money is foundational to the state. In the United States, that power has been largely delegated to private banks governed by an independent central bank. Putting monetary policy in the hands of a set of insulated, nonelected experts has fueled the popular rejection of expertise as well as a widespread dissati...

As writers, musicians, online content creators, and other independent workers fight for better labor terms, romance authors offer a powerful example—and a cautionary tale—about self-organization and mutual aid in the digital economy.  In Love in the Time of Self-Publishing: How Romance Writers Changed the Rules of Writing and Success (Princeton University Press, 2024), Dr. Christine Larson traces...

As part of our informal series on artificial intelligence, Peoples & Things host, Lee Vinsel, talks with Matt Beane, Assistant Professor of Technology Management at the University of California, Santa Barbara, about his book The Skill Code: How to Save Human Ability in the Age of Intelligent Machines (HarperCollins, 2024).  Beane outlines the fascinating forms of research he did - both his own eth...

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us th...

In the present day, Big Tech is extracting resources from us, transferring and centralizing resources from people to companies. These companies are grabbing our most basic natural resources--our data--exploiting our labor and connections, and repackaging our information to control our views, track our movements, record our conversations, and discriminate against us. These companies tell us this is...

Challenging mainstream narratives in political economy, the new book Feminist Political Economy: A Global Perspective (Agenda Publishing, 2023) serves as an introduction to a new era of critical research. It is written by Prof. Sara Cantillon, Dr. Sara Stevano and Prof. Odile Mackett, who have carried out incredible work to deconstruct gender-blind approaches in contemporary economic research. The...

Southeast Asia is of vital importance to Australia. As a nation, Australia’s prosperity, security and economic future are intimately connected to the region. According to the Australian Department of Foreign Affairs, Southeast Asia is expected to be the fourth largest economy in the world by 2040, with its middle class already numbering close to 200 million people. Recognising the crucial signific...

In theory, bankruptcy in America exists to cancel or restructure debts for people and companies that have way too many--a safety valve designed to provide a mechanism for restarting lives and businesses when things go wrong financially. In this brilliant and paradigm-shifting book, legal scholar Melissa B. Jacoby shows how bankruptcy has also become an escape hatch for powerful individuals, corpor...

The Green New Deal from Below: How Ordinary People Are Building a Just and Climate-Safe Economy (U Illinois Press, 2024) offers a visionary program for national renewal, the Green New Deal aims to protect the earth's climate while creating good jobs, reducing injustice, and eliminating poverty.  Its core principle is to use the necessity for climate protection as a basis for realizing full employm...

Peoples & Things host, Lee Vinsel, talks to Benjamin Shestakofsky about his book, Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality (U California Press, 2024). Shestakofsky is Assistant Professor of Sociology at the University of Pennsylvania, where he is affiliated with AI at Wharton and the Center on Digital Culture and Society. His research centers on how digital t...

Streaming Music, Streaming Capital (Duke University Press, 2024)  provides a much-needed study of the political economy of music streaming, drawing from Western Marxism, social reproduction theory, eco-socialist thought and more to approach the complex and highly contested relationship between music and capital. By attending to the perverse ways in which recorded music has been ultimately decommod...

What really separates emancipatory thinking from its opposite? The prevailing Left defines itself against neoliberalism, conservative traditionalism, and fascism as a matter of course. The philosophical differences, however, may be more apparent than real.  The Right-Wing Mirror of Critical Theory: Studies of Schmitt, Oakeshott, Hayek, Strauss, and Rand (Rowman & Littlefield, 2023) argues that dom...

To meet the greenhouse gas emissions reductions needed to stave off the worst impacts of climate change, a transition away from fossil fuels must occur, as quickly as possible. But there are many unknowns when it comes to moving from theory to implementation for such a large-scale energy transition, to say nothing of whether this transition will be “just.”  In A Just Transition for All: Workers an...

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systema...

This is the final episode of Cited’s most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subs...

International development projects supported by governments of wealthy countries, international financial institutions, and influential NGOs like the Gates Foundation purport to uplift poor or disadvantaged populations through political, economic, and social interventions in these communities. However, practices, policies, and discourses of development also have a darker side: they are both premis...

Welcome to What Just Happened, a Recall This Book experiment. In it you will hear three friends of RTB reacting to the 2024 election and discussing the coming four years. Mark Blyth (whose planned February 2020 appearance was scrubbed by the pandemic) is an international economist from Brown University, whose many books for both scholars and a popular audience include Great Transformations (2002),...

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to rep...