New Books In Economics

Every year, hundreds of billions of dollars' worth of farm machinery, fertilizer, seeds, and pesticides are sold to farmers around the world. Although agricultural inputs are a huge sector of the global economy, the lion's share of that market is controlled by a relatively small number of very large transnational corporations. The high degree of concentration among these agribusiness titans is striking, considering that just a few hundred years ago agricultural inputs were not even marketed goods. In Titans of Industrial Agriculture: How a Few Giant Corporations Came to Dominate the Farm Sector and Why It Matters (MIT Press, 2025), Dr. Jennifer Clapp explains how we got from there to here, outlining the forces that enabled this extreme concentration of power and the entrenchment of industrial agriculture. Clapp reveals that the firms that rose to the top of these sectors benefited from distinct market, technology, and policy advantages dating back a century or more that enabled them to expand their businesse

Hosts Nina dos Santos and Owen Bennett-Jones analyze the global fallout after Donald Trump plunged America and the world into a trade war with China. David Rennie, The Economist’s geopolitics editor and former Beijing and Washington D.C. bureau chief, joins the podcast to unpack how Xi Jinping is playing the long game and playing to win. In this episode, we explore Xi’s high-stakes strategy in the global trade war.  From embracing economic pain to fostering innovation under autocracy, China is challenging Western dominance on every front. However, as the controversy over British Steel demonstrates, Beijing’s drive to exert control often at the expense of freedoms abroad—risks alienating future partners. In the second half, activist Chloe Chung shares her personal story of falling afoul of the Chinese authorities. A pro-democracy campaigner, Chloe awoke in December to news that police in Hong Kong had issued a HK$1 million ($128,000; £102,000) bounty for information leading to her capture abroad. With democr

In 2012, Steve Green, billionaire and president of the Hobby Lobby chain of craft stores, announced a recent purchase of a Biblical artefact—a fragment of papyrus, just discovered, carrying lines from Paul's letter to the Romans, and dated to the second century CE. Noted scholar Roberta Mazza was stunned. When was this piece discovered, and how could Green acquire such a rare item? The answers, which Mazza spent the next ten years uncovering, came as a shock: the fragment had come from a famous collection held at Oxford University, and its rightful owners had no idea it had been sold. The letter to the Romans was not the only extraordinary piece in the Green collection. They soon announced newly recovered fragments from the Gospels and writings of Sappho. Dr. Mazza's quest to confirm the provenance of these priceless fragments revealed shadowy global networks that make big business of ancient manuscripts, from the Greens' Museum of the Bible and world-famous auction houses like Sotheby's and Christie's, to an

The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I’m pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect.  Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather’s elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is no

In Against the Crisis: Economy and Ecology in a Burning World (Verso, 2024), Ståle Holgersen develops a conceptualization of 'crisis' that moves beyond simplistic understandings of societal turbulence or even disaster, arguing that crises have come to mean something very specific. Where previous analyses have treated economic and ecological crises as separate phenomena, Holgersen reveals their profound interconnection within capitalism's contradictions. Central to the book is the idea that both economic and climate crises are crises of capitalism specifically, and the powers that be are not willing to acknowledge it.  Holgersen delves into today’s economic and ecological crises to demonstrate that they are not exceptions to an otherwise functioning system but integral to its operation. It is naive to see these upheavals as opportunities for reform or revolution. They are the bedrock of the status quo. Fortunately, the vicious circle sustaining capitalism is not founded on an iron law. Our historical mission i

John Kay's The Corporation in the 21st Century: Why (Almost) Everything We Are Told about Business Is Wrong (Yale UP, 2025) is an accessible and entertaining reappraisal of what business is for and how it works.  Full of history and written in a compelling narrative style, this book describes a shift in the underlying assumptions of the relationship between capital & labor. Kay describes how and why we have come to "love the product" as we also "hate the producer".  Kay discusses areas of particular change such as the relationship between business & finance, the concept of the "hollow" corporation, what we mean when we say "growth", and the motivations and standards of industry leaders.  Old ideas of owning the means of production are redundant as workers are increasingly the means of production. Capital is now often a disconnected service contracted from a specialized supplier, and businesses are run by professional managers whose main skill is exerting authority. Author recommended reading: Good Strategy,

What explains the growing divide between elites and the broader public in democracies across Europe and the United States? In this episode of International Horizons, sociologist Wolfgang Streeck joins RBI director John Torpey to discuss the rise of populism, the limits of globalism, and the tensions between democracy and capitalism.  Drawing from his recent book, Taking Back Control? States and State Systems After Globalism (Verso, 2024), Streeck examines how market forces, technocracy, and the erosion of national sovereignty have fueled discontent across the transatlantic world. He also reflects on the educational divide shaping political cleavages, the challenges posed by immigration, and the implications of U.S. foreign policy and security commitments in Europe and beyond. The conversation explores the shifting foundations of the postwar international order and the prospects for a more democratic and egalitarian global system. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show

In this episode of International Horizons, Peter Andreas, John Hay Professor of International Studies at Brown University and author of Border Games: The Politics of Policing the U.S.-Mexico Divide, 3rd edition (Cornell UP, 2022) and The Illicit Global Economy (Oxford UP, 2025), joins RBI Director John Torpey to unpack the myths and realities of border control, illicit trade, and tariffs in the era of Trump. Why do Trump’s border policies resonate with so many despite lower deportation numbers than previous administrations? How are fentanyl, tariffs, and military threats shaping U.S. relations with Mexico and Canada? Andreas explains the performative politics of the border, the historical amnesia around immigration enforcement, and why the lines between legal and illegal economies are blurrier than we think. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Peoples & Things host, Lee Vinsel, talks with retired professor, consultant, Discovery Institute fellow, and a winner of the NTT DoCoMo Mobile Science Award, Jeffrey Lee Funk, about his recent book Unicorns, Hype, and Bubbles: A Guide to Spotting, Avoiding, and Exploiting Investment Bubbles in Tech (Harriman House, 2024). The book provides readers with fundamental tools for exploring technology markets and spotting financial bubbles, which have been recurring at a high rate in recent decades. In addition to talking through the basic perspectives the book provides, Vinsel and Funk also talk through examples of recent technology bubbles, including the likely current bubble centered on generative AI. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

A riveting expose of the global oil industry' s multi-decade conspiracy to muddy the waters around the science of climate change and use the Australian government to undermine worldwide efforts to address environmental devastation.  Researched and written by one of Australia' s most fearless investigative journalists, Slick: Australia's Toxic Relationship with Big Oil (U Queensland Press, 2024) reveals how the US petroleum industry was warned about its environmental impacts back in the 1950s and yet went on to build the Australian oil industry, which in turn tried to drill the Great Barrier Reef, sought to strongarm governments, and joined a global effort to bury the science of climate change and delay action despite knowing the harms it would cause. Slick also tells the stories of fire and flood survivors, as well as of the activists engaged in a high-risk fight for the future of Australia and of the efforts being made to save ourselves from catastrophe. In this superb, in-depth work of journalism, Royce Kur

Religion in the twenty-first century is alive and well across the world, despite its apparent decline in North America and parts of Europe. Vigorous competition between and within religious movements has led to their accumulating great power and wealth. Religions in many traditions have honed their competitive strategies over thousands of years. Today, they are big business; like businesses, they must recruit, raise funds, disburse budgets, manage facilities, organize transportation, motivate employees, and get their message out. In The Divine Economy (Princeton UP, 2024), economist Paul Seabright argues that religious movements are a special kind of business: they are platforms, bringing together communities of members who seek many different things from one another—spiritual fulfilment, friendship and marriage networks, even business opportunities. Their function as platforms, he contends, is what has allowed religions to consolidate and wield power. This power can be used for good, especially when religio

China’s breathtaking economic development has been driven by bureaucrats. Even as the country transitioned away from socialist planning toward a market economy, the economic bureaucracy retained a striking degree of influence and control over crafting and implementing policy. Yet bureaucrats are often dismissed as faceless and inconsequential, their role neglected in favor of party leaders’ top-down rule or bottom-up initiatives.< Markets with Bureaucratic Characteristics (Columbia UP, 2024) offers a new account of economic policy making in China over the past four decades that reveals how bureaucrats have spurred large-scale transformations from within. Yingyao Wang demonstrates how competition among bureaucrats motivated by careerism has led to the emergence of new policy approaches. Second-tier economic bureaucrats instituted distinctive―and often conflicting―“policy paradigms” aimed at securing their standing and rewriting China’s long-term development plans for their own benefit. Emerging from the middle

Economist Bryan Caplan has written—and artist Ady Branzei has illustrated—this new graphic novel about housing regulation (if ‘novel’ can be applied to an imaginative essay on a nonfiction topic), Build Baby Build: The Science and Ethics of Housing Regulation (Cato Institute, 2024). The thesis of the work is that regulation has driven up the cost of housing and ‘manufactured scarcity.’ Regulation is always well intentioned but often ill considered, as Caplan shows, and every benefit—‘free’ parking, zoning restrictions, environmental considerations—is provided by a hidden cost to the consumer and the tax-payer, disproportionately born by the poor (ironically the people they are supposed to be helping). This conversation touched on other areas where free-market principles conflict with government interventions: bike lanes, environmental policy, immigration, and public education, especially at the taxpayer-supported university, a topic that Bryan Caplan discussed last time he was on the New Books Network, in his

The word Leader often brings to mind the heroic image of a charismatic, confident, and persuasive person who seems to "know" what to do in an instinctual, gut-driven way.   In Decision Leadership: Empowering Others to Make Better Choices (Yale UP, 2022), Don A. Moore and Max H. Bazerman offer a well-researched and compelling corrective to this view.  They describe organizations as decision factories in which effective leaders are not lone heroes, but decision architects who design situations and policies that enable those around them to make wise, ethical choices that are consistent both with their own interests and the organization's values.  Built on a foundation of behavioral economics and decision science research, this book is full of real-life stories and concrete examples of the incentives, structures, and systems that can be used to guide negotiations and decision making. This approach avoids many of the common pit-falls of overconfidence and dependence on a few heroic figures, allowing strong leaders

Canada is experiencing a housing shortage. Although house prices in major Canadian cities appeared to have topped out, new housing isn’t coming onto the market quickly enough. Higher interest rates have only tightened the pressure on buyers, and renters, too, as rising mortgage rates cost landlords more, which are passed along to tenants in rent increases. Even with recent federal budget commitments to bring more housing online by 2030, there will still be a shortfall of 3.5 million homes by then. Gregor Craigie is a CBC journalist in Victoria, one of the highest-priced housing markets in the country. On his daily radio show On The Island he's been talking for over 17 years to local experts and to those across the country about housing. Craigie has travelled to many of the places he profiles in the book, and in his interviews with Canadians he presents the human face of the shortfall as he speaks with renters, owners and homeless people, exploring their varying predicaments and perspectives. He then shows, th

Hundreds of thousands of Canadians exist on the edge. Renters fear eviction, homeowners feel trapped, and both are vulnerable to becoming homeless with a single stroke of misfortune. Unaffordable housing in Canada is tearing communities apart as long-time residents seek affordable housing elsewhere and businesses shutter because they cannot find staff who can afford to live nearby. For two generations, Canadians have watched affordable housing vanish while other nations have been tackling the problem. In Home Truths: Fixing Canada's Housing Crisis (On Point Press, 2024), housing expert Carolyn Whitzman reviews the decades of policy that have gotten us into this mess and shows how all levels of government can work together to provide affordable housing where it is needed. Her compelling arguments for policy solutions are backed by ideas from researchers, planners, politicians, developers, and housing advocates at home and abroad. Home Truths addresses Canada’s crisis from all sides, including exploring what ad

The Library of Mistakes is a library located in Edinburgh, Scotland dedicated to financial and economic history. Russell Napier, the founder and keeper of the library is a professor at The Edinburgh Business School and investment manager. In this wide-ranging discussion, Russell discusses his work as a practitioner and a scholar of financial crises. He also discusses how and why he started a library, in addition to his writing on financial history. Professor Russell Napier is the author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC- a business he now co-owns with D.C. Thomson. Caleb Zakarin is editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

On this episode, rural sociologist Dr. Irna Hofman explores how Tajikistan’s cotton fields illuminate shifting power dynamics in Central Asia, historically and in the present. She discusses how the Soviet Union once showcased cotton production to visiting delegations—particularly from Muslim-majority countries—as evidence of its development model. Now, as global powers, including Russia, China, and the EU, vie for influence in the region, cotton has again become a strategic commodity—used to forge political ties, secure resources, and drive infrastructure projects. Hofman highlights local communities’ active role in shaping these developments, emphasizing that rural landscapes are not simply backdrops for a “New Great Game,” but sites where broader geopolitical forces and grassroots agency intersect. Through her long-term fieldwork, she illustrates how Tajik farmers navigate and negotiate these overlapping external interests, and in doing so, reframe Central Asia’s future amidst geopolitical tensions. Dr. Hof

Why has the United Kingdom, historically one of the strongest democracies in the world, become so unstable? What changed? Late Soviet Britain: Why Materialist Utopias Fail (Cambridge UP, 2023) demonstrates that a major part of the answer lies in the transformation of its state. It shows how Britain championed radical economic liberalisation only to weaken and ultimately break its own governing institutions. The crisis of democracy in rich countries has brought forward many urgent analyses of neoliberal capitalism. This book explores for the first time how the 'governing science' in Leninist and neoliberal revolutions fails for many of the same reasons. These systems may have been utterly opposed in their political values, but Abby Innes argues that when we grasp the kinship in their closed-system forms of economic reasoning and their strategies for government, we may better understand the causes of state failure in what remains an inescapably open-system reality. Abby Innes is Associate Professor of Political