New Books in Economics

Alice Echols is a professor of history and the Barbra Streisand Chair of Contemporary Gender Studies at the University of Southern California. In her book Shortfall: Family Secrets, Financial Collapse and a Hidden History of American Banking (New Press, 2017) Echols offers a narrative and social history of American capitalism in the years of and preceding the Great Depression by focusing not on Wa...

In his new book, The Broken Decade: Prosperity, Depression and Recovery in New Zealand, 1928-39 (Otago University Press, 2016), historian Malcolm McKinnon, adjunct associate professor at Victoria University, explores the critical decade of the 1930s in New Zealand’s history and national memory. Utilizing archival records, statistics, and artistic representations, McKinnon details the efforts of Ne...

I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is...

Tommie Shelby is Caldwell Titcomb Professor of African and African-American Studies, and Professor of Philosophy at Harvard University. His research focuses on political equality and problems of economic, social, and criminal justice. His most recent book is Dark Ghettos: Injustice, Dissent, and Reform, which is published by Harvard University Press.  The "Why We Argue" podcast is produced by the ...

I was joined by Pasquale Tridico, Professor of Political Economy at Roma Tre University in Italy. His latest book, Inequality in Financial Capitalism, was published by Routledge in 2017. The issue of inequality has regained attention in the economic and political debate. This is due to both an increase in income inequality, in particular among rich countries but not only, and an increasing interes...

In The Economization of Life (Duke University Press, 2017), Michelle Murphy pulls apart the late modern concept of “population” to show the lives this concept has produced and continues to produce, and, importantly, the lives it has failed to allow under the banner of postwar development projects. In the post-WWII period of decolonization, experts and state planners in the Global North tested in t...

In 1898, a new metropolis emerged from the consolidation of New York City with East Bronx, Brooklyn, Staten Island and the western part of Queens County. In Greater Gotham: A History of New York City from 1898 to 1919 (Oxford University Press, 2017), Mike Wallace describes the first two decades of this city’s expanded history, a period in which it led and embodied the developments that were taking...

This interview is a conversation with the author, Marc Lavoie, and his colleague Dany Lang. We discuss Post-Keynesian Economics: New Foundations (Edward Elgar, 2014) and Marc’s contribution to the heterodox-mainstream debate in economics. The book provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world economy...

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How America...

In the twenty first century, violence at work is often described in the context of a lone employee “snapping” and harming coworkers or management. In his new book, Blood, Sweat, and Fear: Violence at Work in the North American Auto Industry, 1960-1980 (University of Illinois Press/UBC Press, 2017), Jeremy Milloy argues that violence in the workplace has a much deeper and more complicated history,...

In this interview, two of the three authors (Wolfram Elsner and Torsten Heinrich) of The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives (Elsevier, 2014) discuss their new book of Microeconomics and position it in the heterodox-orthodox debate. This formal, accessible treatment of complexity goes beyond the scopes of neoclassical and main...

In her new book, Selling under the Swastika: Advertising and Commercial Culture in Nazi Germany (Stanford University Press, 2013), Pamela Swett, Professor of History at McMaster University is the first comprehensive examination of commercial advertising in the Third Reich. Swett argues that advertisements played a much greater role in normalizing the Third Reich then previously thought. She highli...

“Marriage is the foundation of a successful society,” proclaimed the Clinton-era welfare reform bill. Since then, national and state governments have spent nearly a billion dollars on programs designed to encourage poor and low-income Americans to get married and to remain married. But do any of these initiatives achieve their stated goals? To find out, listen to our interview with Jennifer Randle...

There may not be a more ubiquitous presence on American highways than the truck. The images are iconic: eighteen-wheelers with muddy steel and chrome, and a driver in aviator sunglasses and a mesh hat. But as Steve Viscelli, political sociologist and lecturer at the University of Pennsylvania, shows in his new book, The Big Rig: Trucking and the Decline of the American Dream (University of Califor...

The Routledge Handbook of Heterodox Economics: Theorizing, Analyzing, and Transforming Capitalism (Routledge, 2017), a new handbook of economics has been published; it is a very special one. In this interview, Carlo D’Ippoliti, one of the three co-editors, discusses with us why a handbook of heterodox economics was needed. Contributions throughout the handbook explore different theoretical perspec...

In From Head Shops to Whole Foods: The Rise and Fall of Activist Entrepreneurs (Columbia University Press, 2017), historian Joshua Clark Davis offers an unconventional history of the 1960s and 1970s by uncovering the work of activist entrepreneurs. These activists offered alternatives to conventional profit-driven corporate business models by opening up their own small businesses. It’s a fascinati...

Beer has been a part of human civilization dating back to its beginnings. In summarizing the role it has played over the millennia, Johan Swinnen and Devin Briski’s book Beeronomics: How Beer Explains the World (Oxford University Press, 2017) reveals how the evolving roles the beverage has played exposes broader trends in the economy and society. As Briski explains in this podcast, while beer has...

The government of the Philippines has for decades encouraged its citizens to seek work abroad and send money back to the country in remittances. But in recent years it has increasingly sought to entice Filipinos who have settled abroad to come home, not only for tourism but also for retirement. In Migrant Returns: Manila, Development, and Transnational Connectivity (Duke University Press, 2017), E...

Claudia Leeb’s new book, Power and Feminist Agency in Capitalism: Toward a New Theory of the Political Subject (Oxford University Press, 2017), takes up pressing issues within contemporary political and feminist theory, especially as we consider the point of action and the instance of movement. This book marries together important questions within political theory, feminist theory, and economics w...

Since the collapse of the Berlin Wall, there has been a widespread affirmation of economic ideologies that conceive the market as an autonomous sphere of human practice. In the wake of the 2008 financial crisis, this idea has been countered by calls for reforms of financial markets and for the consideration of moral values in economic practice. Religion and the Morality of the Market: Anthropologi...

Tore C. Olsson‘s Agrarian Crossings: Reformers and the Remaking of the US and Mexican Countryside (Princeton University Press, 2017) tells a remarkable and under-appreciated story. It’s about how, in the 1930s and 40s, a group of reformers in the US and in Mexico undertook projects to transform the rural worlds of their respective countries in the name of social justice and agrarian productivity....

In 2017 half of the world’s wealth belongs to the top 1% of the population. In his new book, The Great Leveler Violence and the History of Inequality from the Stone Age to the Twenty-First Century (Princeton University Press, 2017), Walter Scheidel explores economic inequality and sets forth the provocative thesis that only violence and catastrophes have truly reduced it throughout history. Scheid...

On September 3, 1991, a fire erupted at the Imperial Foods factory in the small town of Hamlet, North Carolina. Twenty-five people died behind the factory’s locked doors that morning. Most of the victims were women, and about half of them were black. In The Hamlet Fire: A Tragic Story of Cheap Food, Cheap Government, and Cheap Lives (The New Press, 2017), Temple University history professor Bryant...

In his new book, The Pilbara: From the Deserts Profits Come (UWA Publishing, 2017), Bradon Ellem, Professor of Employment Relations at the University of Sydney Business School, explores the Pilbara region of Western Australia, a mining region central to the Australian economy and the Australian imagination, but one that few Australians truly know in depth. Focusing on the workers of the Pilbara, E...

In the decades following the end of the Second World War, the British economy evolved from a manufacturing-based economy to one driven by service industries, most notably finance. As Aled Davies explains in his book The City of London and Social Democracy: The Political Economy of Finance in Post-war Britain (Oxford University Press, 2017), this shift posed a challenge to the prevailing concept of...