New Books in Economics

We met with Prof. Ulrich Witt to discuss his recent book (co-edited with Andreas Chai), Understanding Economic Change, Advances in Evolutionary Economics (Cambridge University Press, 2018). This collection of essays is divided into five parts: Part I (Introduction), Part II (Conceptual and Methodological Problems), Part III (Perspectives on Evolutionary Macroeconomics), Part IV (Advances in Explai...

Dr. Giulio Ongaro, currently a postdoctoral fellow in the Economics Department at the University of Milan-Bicocca has just published Peasants and Soldiers: The Management of the Venetian Military Structure in the Mainland Dominion between the 16th and 17th Centuries (Routledge, 2017), a fascinating study of the early modern Venetian military. Rather than focus on the city itself or the republic’s...

In his engaging and original book The Wisdom of Finance: Discovering Humanity in the World of Risk and Return (Houghton Mifflin Harcourt, 2017), Harvard Professor Mihir A. Desai takes on the daunting task of explaining the world of finance through the prism of the humanities, yes the humanities. Using stories from literature, film, music, popular culture and daily life, Desai argues that rather th...

Historically ubiquitous at least since the 15th century and integral to the rise and consolidation of capitalism, land dispossession has re-emerged as a hot button issue for governments, industries, social movements and researchers. In his first book Dispossession Without Development: Land Grabs in Neoliberal India (Oxford University Press 2018), Michael Levien explores the causes and consequences...

Healthcare is extremely expensive for both patients and their employers. The costs of healthcare continue to increase with no end in sight. Dr. Josh Luke is a former Hospital CEO, disruptor, and healthcare futurist who understands the American healthcare delivery system. In his book Health-Wealth: 9 Steps To Financial Recovery (ForbesBooks, 2018), he exposes the villains of greed and outlines step...

In her new book, Globalisation, the State and Regional Australia (Sydney University Press, 2018), Amanda Walsh, associate director of government relations at Australian Catholic University, explores the political and economic consequences of globalization across Australia nationally and in regional Australia specifically.  Using a series of case studies on the manufacturing, dairy, and ethanol ind...

As you’ll hear in this interview with Steven Stoll, his latest book Ramp Hollow: The Ordeal of Appalachia (Hill and Wang, 2017) is “really a book about capitalism.” Specifically, it’s about how the people of the southern mountains––meaning, the area between southern Pennsylvania and southern West Virginia––lost their land. Though the book focuses on Appalachia, Stoll presents readers with vivid co...

The North American Free Trade Agreement—or NAFTA, as we Americans call it—is very much in the news of late, primarily because President Trump has decided to make good on what he famously called “the single worst trade deal” that the United States has ever approved. Trump’s assessment, like so many of his statements, isn’t quite the fact he’d like it to be. In study after study, economists have fou...

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes thi...

Ellen R. Wald’s timely, well-written history of the Saudi national oil company, Saudi Inc. The Arabian Kingdom’s Pursuit of Power and Profit (Pegasus Books, 2018), is as much the story of the Saudi oil industry as it is of the ruling Al Saud family’s reliance on black gold to ensure the survival of its regime. In painting a picture of the Al Saud’s long-term strategy to build up over decades the k...

This week we met Prof. Kurt Dopfer (Universität St Gallen, Switzerland) to talk about Modern Evolutionary Economics: An Overview (Cambridge University Press, 2018), a book he co-authored with eight other economists. Kurt attended in Nice the 30th annual edition of the EAEPE conference, the sponsor of the Economics channel at NBN. The European Association for Evolutionary Political Economy is the s...

What is class? In Class Matters: Inequality and Exploitation in 21st-Century Britain (Pluto Press, 2018), Charles Umney, an Associate Professor in Work and Employment Relations at the University of Leeds, offers a new marxist analysis of the meaning and impact of class. The book is written in dialogue with recent developments in class analysis, including theories that have placed culture at the he...

Today we are joined by David George Surdam, co-author with Michael J. Haupert of the book The Age of Ruth and Landis: The Economics of Baseball during the Roaring Twenties (University of Nebraska Press, 2018). In this work, which blends a liberal mix of sports and economics, Surdam and Haupert provide a straightforward narrative that does not bog the reader down with too many numbers. The Age of R...

The publication of the seventh book of the Industrialisation of Soviet Russia series represents the culmination of a 70-year project that can be traced back to Edward Hallett Carr’s classic series The History of Soviet Russia. In this final volume, The Industrialisation of Soviet Russia Volume 7: Soviet Economy and the Approach of War, 1937-1939 (Palgrave Macmillan, 2018), its authors – R.W. Davie...

Though today the public and private sectors are treated as distinct if not separate, the situation was quite different in early modern England. Back then the two were often intertwined, with one of the best examples of this being the English East India Company. In her book A Business of State: Commerce, Politics, and the Birth of the East India Company (Harvard University Press, 2018), Rupali Mish...

Histories of banking and finance aren’t particularly well-known for being riveting, adventurous reads: they tend to be technical at the expense of being strongly narrative-driven. Peter James Hudson’s Bankers and Empire: How Wall Street Colonized the Caribbean (University of Chicago Press, 2017) defies this stereotype. An examination of private lending in the Caribbean by North American bankers be...

Southern capitalists of the postbellum era have been called many things, but never conservationists. Until now. Environmental historian William D. Bryan has written a brilliantly disorienting reassessment of the South’s economic development in the period between the Civil War and the Great Depression. In The Price of Permanence: Nature and Business in the New South (University of Georgia Press, 20...

Of what use is history, particularly for economists and people in finance? If you’ve ever wondered about this, you should read Daniel Peris‘s book Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio (McGraw-Hill Education, 2018). Before he became a portfolio manager, Peris was a professional historian. He was trained as such, w...

Thomas Mulligan’s new book, Justice and the Meritocratic State (Routledge Press, 2018), posits a theory of justice that is based on the allocation of valuable goods (jobs and appropriate income) according to merit. This is an abstract concept that Mulligan details according to economic, philosophical, and political understandings. He weaves together the political and economic dimensions of meritoc...

How can we end the scourge of poverty? How we can sustain ourselves once robots eliminate the need for many jobs? Annie Lowrey offers an answer in the title of her book, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World (Crown, 2018). She makes the case for the policy called “Universal Basic Income,” in which the government pays everyone a...

We spoke with Ilene Grabel, Professor at the University of Denver and Co-director of the MA program in Global Finance, Trade & Economic Integration at the Josef Korbel School of International Studies. Ilene just published a very timely, interesting and important book on the evolution of the global financial governance and its institutions: When Things Don’t Fall Apart: Global Financial Governance...

As Reader in Industrial Management in the Adam Smith Business School at the University of Glasgow, Rob Dekkers is well positioned to survey the currents of the vibrant systems tradition in the United Kingdom.  In his book, Applied Systems Theory, out in its second edition from Springer in 2017, Dekkers seeks to augment the valuable work done by Soft Systems Methodology in facilitating the engageme...

Stephen C. Yeazell‘s Lawsuits in a Market Economy: The Evolution of Civil Litigation (University of Chicago Press, 2018) is an in-depth look at the development and current situation of civil litigation. It beings with the question of why civil lawsuits have become such a political question and uses that to explore our world of settlements, arbitration, trials and insurance adjusting. It gives an e...

Is India facing a waste crisis? As its population, cities and consumption grow what are the implications for the health, well being and everyday lives of Indians? In Waste of a Nation: Growth and Garbage in India (Harvard University Press, 2018), Assa Doron and Robin Jeffrey discuss the genealogy of garbage and how it grew in quantity and changed in consistency in liberalising India. The book also...

In The Darkening Nation: Race, Neoliberalism, and Crisis in Argentina (University of Wales Press, 2018), Ignacio Aguiló studies the sociocultural impact caused by the failure of the IMF economic measures in Argentina of 2001-2002. Through the lens of cultural production (films, novels, short stories, artwork and music), the author explores two of the country’s so-called exceptionalisms: whiteness...