New Books in Economics

Automation and Autonomy: Labour, Capital and Machines in the Artificial Intelligence Industry (Palgrave Macmillan, 2021) argues that Marxist theory is essential for understanding the contemporary industrialization of the form of artificial intelligence (AI) called machine learning. It includes a political economic history of AI, tracking how it went from a fringe research interest for a handful of...

Why are we working harder? In The Flexibility Paradox: Why Flexible Working Leads To (Self-)Exploitation (Polity Press, 2022), Heejung Chung, a professor of sociology and social policy at the University of Kent, looks a contemporary employment practices to tell the story of the rise of flexible working and its impact on workers, individuals, and families. The book sets out the paradox that even th...

80,000 Hours provides research and support to help students and graduates switch into careers that effectively tackle the world’s most pressing problems. Benjamin Todd is the president and co-founder of 80,000 Hours. He managed the organisation while it grew from a lecture, to a student society, to the organization it is today. He also helped to get effective altruism started in Oxford in 2011. Ca...

A unique and engaging account of local urban decision-making within the globalizing world High Point, North Carolina, is known as the “Furniture Capital of the World.” Once a manufacturing stronghold, most of its furniture factories have closed over the past forty years, with production shipped off to low-wage countries. Yet as manufacturing left, the city tightened its hold on a biannual global e...

Graduate students and newly-minted economists often find that while their time in graduate school taught them a lot about great research of the past and the methods needed to do their own research, they didn't learn that much about the other aspects of the job. How do you submit a paper to a journal? How do you respond to reviewer comments? How do you write referee reports for other people? How do...

Labor's End: How the Promise of Automation Degraded Work (U Illinois Press, 2021) traces the discourse around automation from its origins in the factory to its wide-ranging implications in political and social life. As Jason Resnikoff shows, the term automation expressed the conviction that industrial progress meant the inevitable abolition of manual labor from industry. But the real substance of...

In Plant Life: The Entangled Politics of Afforestation (U Minnesota Press, 2022), Rosetta S. Elkin explores the procedures of afforestation, the large-scale planting of trees in otherwise treeless environments, including grasslands, prairies, and drylands. Elkin reveals that planting a tree can either be one of the ultimate offerings to thriving on this planet, or one of the most extreme perversio...

Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History (Cambridge UP, 2022) is an entertaining and engaging guide to global economic history told for the first time from an African perspective. In thirty-five short chapters, Johan Fourie tells the story of 100,000 years of human history spanning humankind's migration out of Africa to the Covid-19 pandemic. His unique accoun...

For decades, immigration has been one of the most divisive, contentious topics in American politics. And for decades, urgent calls for its policy reform have gone mostly unanswered. As the discord surrounding the modern immigration debate has intensified, border enforcement has tightened. Crossing harsher, less porous borders makes unauthorized entry to the United States a permanent, costly undert...

Today I talked to Alenka Triplat about Profit from the Source: Transforming Your Business by Putting Suppliers at the Core (HBR Press, 2022). Want to know the challenges bedeviling NATO as it seeks to arm Ukraine? This week’s guest is as good a source as any given how much the combination of Covid-19 and the war in Ukraine have put the focus on procurement. An area normally the “corporate equivale...

Contrary to intuition, many countries have found that having abundant natural resources such as petroleum or diamonds may be a curse as much as a blessing. Broad-based economic development may be stunted as resource extraction dominates the economy, and politics may be corrupted as different interest groups focus on controlling and redistributing resource rents instead of on governing well. In the...

The idea of a Green New Deal was launched into popular consciousness by US Congressperson Alexandria Ocasio-Cortez in 2018. It has become a watchword in the current era of global climate crisis. But what – and for whom – is the Green New Deal? In this concise and urgent book, Max Ajl provides an overview of the various mainstream Green New Deals. Critically engaging with their proponents, ideologi...

In this searing and insightful critique, Adrienne Buller examines the fatal biases that have shaped the response of our governing institutions to climate and environmental breakdown, and asks: are the 'solutions' being proposed really solutions? Tracing the intricate connections between financial power, economic injustice and ecological crisis, she exposes the myopic economism and market-centric t...

We live in cities whose borders have always been subject to expansion. What does such transformation of rural spaces mean for cities and vice-versa? Properties of Rent: Community, Capital and Politics in Globalising Delhi (Cambridge UP, 2022) looks at the spatial transformation of villages brought into Delhi's urban fray in the 1950s. As these villages transform physically; their residents, an agr...

Labour has taken an about-turn. From Adam Smith’s proposal for specialisation which saw the factory line reorganised so that each worker needed to understand only a small aspect of the production process, many industries now rely on access to specialised skills and resources that are commanded at-hoc in discrete, time- and output-bound chunks. This is the logic of projects. The workforce no longer...

Award-winning geographer-designer team James Cheshire and Oliver Uberti transform enormous datasets into rich maps and cutting-edge visualizations. In this triumph of visual storytelling, they uncover truths about our past, reveal who we are today, and highlight what we face in the years ahead. In Atlas of the Invisible: Maps and Graphics That Will Change How You See the World (W. W. Norton, 2021)...

Formal mathematical models have provided tremendous insights into politics in recent decades. Formal Models of Domestic Politics (Cambridge UP, 2021) is the leading graduate textbook covering the crucial models that underpin current theoretical and empirical research on politics by both economists and political scientists. This textbook was recently updated to reflect the wealth of new theory-buil...

The economist and historian Deirdre Nansen McCloskey has been best known recently for her Bourgeois Era trilogy, a vigorous defense, unrivaled in scope, of commercially tested betterment. Its massive volumes, The Bourgeois Virtues, Bourgeois Dignity, and Bourgeois Equality, solve Adam Smith's puzzle of the nature and causes of the wealth of nations, and of the moral sentiments of modernity. The wo...

An argument that social, political, and economic systems maintain power by discarding certain people, places, and things. Discard studies is an emerging field that looks at waste and wasting broadly construed. Rather than focusing on waste and trash as the primary objects of study, discard studies looks at wider systems of waste and wasting to explore how some materials, practices, regions, and pe...

Philanthropists are praise for their generosity but does their desire to keep control of what happens to their donations mean they exercise power in ways that clash with democratic principles? Approval of philanthropists’ good intentions can mask some important moral considerations about what philanthropy means for the donor and the recipient. Generosity, influence, reputation and paternalism: dem...

Michael Pettis is Professor of Finance at Peking University’s Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis ha...

As the world nears 8 billion people, the countries that have led the global order since World War II are becoming the most aged societies in human history. At the same time, the world's poorest and least powerful countries are suffocating under an imbalance of population and resources. In 8 Billion and Counting, political demographer Jennifer D. Sciubba argues that the story of the twenty-first ce...

The exorbitant costs of urban housing and the widening gap in income inequality are fueling a combative new movement in cities around the world. A growing number of influential activists aren't waiting for new public housing to be built. Instead, they're calling for more construction and denser cities in order to increase affordability.  Yes to the City: Millennials and the Fight for Affordable Ho...

Today I talked to Seth Stephens-Davidowitz about his new book Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe (Dey Street Books, 2022) Looking for advice on how to get a date, how to have a successful marriage, or just how to have a happier life? Don’t trust your gut, don’t trust conventional wisdom, and put down that self-help book full of plausible arguments and compelling a...

Amid a vast influx of rural migrants into urban areas, China has allowed cities wide latitude in providing education and other social services. While millions of people have been welcomed into the megacities as a source of cheap labor, local governments have used various tools to limit their access to full citizenship. The Urbanization of People: The Politics of Development, Labor Markets, and Sch...