New Books in Economics

I spoke with Dr. Amr Khafagy about his recent book The Economics of Financial Cooperatives (Routledge, 2019). Amr is Research Assistant at the Countryside and Community Research Institute of the University of Gloucestershire. Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distri...

Megan Tobias Neely and Ken Hou-Lin's new book Divested: Inequality in the Age of Finance (Oxford University Press, 2020) explores the rise of finance in American life over the last forty years and its implications for American workers, families, and economies. The authors argue that finance has transformed from a servant to the economy to its master - from a means of creating a prosperous society...

Richard Pomfret’s The Central Asian Economies in the Twenty-First Century (Princeton University Press, 2019) looks at the economies of the five former Soviet Republics of Kazkahstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, considering the different trajectories of each of the countries. The book provides an overview of the experience of these economies in the 1990s, before looking sp...

How does the world of book reviews work? In Inside the Critics’ Circle: Book Reviewing in Uncertain Times (Princeton University Press, 2020), Phillipa Chong, assistant professor in sociology at McMaster University, provides a unique sociological analysis of how critics confront the different types of uncertainty associated with their practice. The book explores how reviewers get matched to books,...

Psychologists have long understood that social environments profoundly shape our behavior, sometimes for the better, often for the worse. But social influence is a two-way street―our environments are themselves products of our behavior. Under the Influence explains how to unlock the latent power of social context. It reveals how our environments encourage smoking, bullying, tax cheating, sexual pr...

Psychologists have long understood that social environments profoundly shape our behavior, sometimes for the better, often for the worse. But social influence is a two-way street―our environments are themselves products of our behavior. Under the Influence explains how to unlock the latent power of social context. It reveals how our environments encourage smoking, bullying, tax cheating, sexual pr...

In her new book Broke: Hardship and Resilience in a City of Broken Promise (St. Martin's Press, 2019), Jodie Adams Kirshner tells the story of the people of Detroit before, during, and after its bankruptcy, offering lessons about urban governance, post-industrial economics, development, and the usefulness of bankruptcy itself as a tool to aid U.S. cities. Join us to hear the fascinating, infuriati...

R. Scott Huffard Jr. is the author of Engines of Redemption: Railroads and the Reconstruction of Capitalism in the New South, published by the University of North Carolina Press in 2019. Engines of Redemption is a fascinating history of capitalism in the South, which tells the story of how railroads revitalized the region following the Civil War. Huffard examines the myriad of was that railroads w...

The passage of the 1831 Truck Act was intended to end throughout the United Kingdom the practice of paying employees in truck, or goods, rather than in money. As Christopher Frank reveals in Workers, Unions and Payments in Kind: The Fight for Real Wages in Britain, 1820-1914 (Routledge, 2019), though, this merely redefined a struggle that continued through the Victorian era into the early 20th cen...

If you’re a grad student facing the ugly reality of finding a tenure-track job, you could easily be forgiven for thinking about a career change. However, if you’ve spent the last several years working on a PhD, or if you’re a faculty member whose career has basically consisted of higher ed, switching isn’t so easy. PhD holders are mostly trained to work as professors, and making easy connections t...

The neoliberal consensus, once thought to be undefeatable, seems to have been broken both in the wake of the fiscal crisis of 2008, as well as a series of surprise movements and elections throughout the world in the last several years. But many scholars argue that it remains alive and well, just in a changed, mutated form. This is the theme that motivates the recent anthology Mutant Neoliberalism:...

Is planning for America anathema to the pursuit of life, liberty and happiness? Is it true, as thinkers such as Friedrich Von Hayek, Milton Friedman, and Ayn Rand have claimed, that planning leads to dictatorship, that the state is economically inefficient, and that prosperity is owed primarily to the workings of a free market? To answer these questions Ian Wray’s book goes in search of an America...

Safi Bahcall's Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries (St. Martin's Press, 2019) reveals a surprising new way of thinking about the mysteries of group behavior that challenges everything we thought we knew about nurturing radical breakthroughs. Bahcall, a physicist and entrepreneur, shows why teams, companies, or any group with a mission wi...

How should we understand inequality? In A Sense of Inequality (Roman and Littlefield, 2020), Wendy Bottero, a Reader in Sociology at the University of Manchester offers a detailed and challenging new approach to how we conceive of, how we study, and how we might challenge, social inequality. The book contends we need a new approach to the everyday subjective experience of inequality, appreciating...

Climate change impacts-more heat, drought, extreme rainfall, and stronger storms-have already harmed communities around the globe. Even if the world could cut its carbon emissions to zero tomorrow, further significant global climate change is now inevitable. Although we cannot tell with certainty how much average global temperatures will rise, we do know that the warming we have experienced to dat...

As the upcoming 2020 U.S. election finally brings questions of economic justice center stage, this episode discusses the powerful short open-source book The Power of Debt: Identity and Collective Action in the Age of Finance (Institute on Inequality and Democracy, 2019). The book was published by the Institute on Inequality and Democracy in 2019 and coauthored by Prof. Hannah Appel of UCLA, Sa Whi...

Award winning activist and researcher Raj Patel has teamed up with innovative environmental historian and historical geographer Jason W. Moore to produce an accessible book which provides historical explanations for the world ecological crises and the global crisis in capitalism. Using the framework of "cheapness," A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and th...

The future is a constant focus of anxiety, and we are all familiar with the pressures that come distinctively from automation – the transformation by which tasks formerly assigned to humans come to be performed by machines. These days, the stakes seem to be higher, as technology now seems poised to render nearly all human labor obsolete. What lies in store for us, and for the flourishing and meani...

Why do Americans eat so much beef? In Red Meat Republic: A Hoof-to-Table History of How Beef Changed America (Princeton University Press, 2019), the historian Joshua Specht provides a history that shows how our diets and consumer choices remain rooted in nineteenth century enterprises. A century and half ago, he writes, the colonialism and appropriation of indigenous lands enabled the expansion of...

In Consumer Management in the Internet Age: How Customers Became Managers in the Modern Workplace (Lexington Books, 2019), Joshua Sperber analyzes online consumer management, a practice in which customers monitor, report on, and—sometimes unwittingly—discipline workers through writing and posting online reviews. Sperber uses case studies of the websites Yelp and Rate My Professors (RMP), to explor...

It has become a truism that work has become less secure and more precarious for a widening swath of American workers. Why and how this has happened, and what workers can and should do about it, is the subject of a wide-ranging new book, Temp: How American Work, American Business, and the American Dream became Temporary (Viking, 2018). In Temp, Louis Hyman, Professor of History at the Industrial an...

I met Dr Miriam Driessen at Oxford University where she works at the China Centre. We spoke about her wonderful new book Tales of Hope, Tastes of Bitterness: Chinese Road Builders in Ethiopia (Hong Kong University Press, 2019). Through unprecedented ethnographic research among Chinese road builders in Ethiopia, Driessen finds that the hope of sharing China’s success with developing countries soon...

Free market capitalism has failed women, and even the recent progress that had been made in closing the gender wage gap has leveled off in many rich democracies. Vicky Pryce helps us understand the causes of this ongoing discrimination, the harm it does not just to women and their families but to productivity and economic growth, and what governments can do about it. Women vs. Capitalism: Why We C...

With free college in the national conversation, there’s been no better time for Daniel T. Kirsch’s new book Sold My Soul for a Student Loan: Higher Education and the Political Economy of the Future (Praeger, 2019). Kirsch teaches at California State University, Sacramento. American colleges and universities boasts an impressive legacy, but the price of admission for many is now endless debt. As Ki...

Ukraine 2030: The Doctrine of Sustainable Development (ADEF-Ukraine LTD, 2018) offers a program that includes complex strategies for the economic development of Ukraine. This program was developed on the basis of data that were collected and analyzed by leading economists and researchers of Ukraine. When designing strategies that will help improve the current economic situation in the country, the...