New Books In Economics

What does “development” mean for Indigenous peoples? Indigenous Economics: Sustaining Peoples and Their Lands (U Arizona Press, 2022) lays out an alternative path showing that conscious attention to relationships among humans and the natural world creates flourishing social-ecological economies.  Economist Ronald L. Trosper draws on examples from North and South America, Aotearoa/New Zealand, and Australia to argue that Indigenous worldviews centering care and good relationships provide critical and sustainable economic models in a world under increasing pressure from biodiversity loss and climate change. He explains the structure of relational Indigenous economic theory, providing principles based on his own and others’ work with tribal nations and Indigenous communities. Trosper explains how sustainability is created at every level when relational Indigenous economic theory is applied—micro, meso, and macro. Good relationships support personal and community autonomy, replacing the individualism/collectivism

Does China show that capitalism works better without democracy? What can be done to secure the future of open societies in which there is wealth, tolerance and stability. Martin Wolf - associate editor of the Financial Times and its chief economist - has been thinking about these big questions for his book The Crisis of Democratic Capitalism (Penguin, 2023). Listen to him in conversation with Owen Bennett Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

So much of what we know of clean water, clean air, and now a stable climate rests on how fossil fuels first disrupted them. Negative Ecologies: Fossil Fuels and the Discovery of the Environment (U California Press, 2022) is a bold reappraisal of the outsized role fossil fuels have played in making the environment visible, factual, and politically operable in North America. Following stories of hydrocarbon harm that lay the groundwork for environmental science and policy, this book brings into clear focus the dialectic between the negative ecologies of fossil fuels and the ongoing discovery of the environment. Exploring iconic sites of the oil economy, ranging from leaky Caribbean refineries to deepwater oil spills, from the petrochemical fallout of plastics manufacturing to the extractive frontiers of Canada, Negative Ecologies documents the upheavals, injuries, and disasters that have long accompanied fossil fuels and the manner in which our solutions have often been less about confronting the cause than man

The second half of the nineteenth century is correctly known to have culminated in the emergence of the gold standard as the first truly international monetary regime. The processes leading up to this remarkable feat are, however, far less documented or understood. Economic historians have only recently started digging into the causes behind the 'fall of silver' that preceded the scramble for gold. It is nowadays clear that its effects were felt worldwide. Not in the least, silver depreciation severely affected East-West trade. It was, among other factors, behind the bankruptcy of several powerful institutions as the Oriental Bank Corporation. Yet at the same time, it cemented the position of other banks, some of which exist until this very day (HSBC, Standard Chartered). What did these banks know that others did not? In Accounting for the Fall of Silver: Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913 (Oxford UP, 2020), Michael Schiltz explains that the 1870s and 1880s witnessed furious ex

"Why do we think about some practices as work, and not others? Why do we classify certain capacities as economically valuable skills, and others as innate characteristics? What, moreover, is the role of law in shaping our answers to these questions?" These are just some of the queries explored by Dr. Zoe Adams's analysis of the legal construction, and regulation, of work, in her book The Legal Concept of Work (Oxford University Press, 2022). Spanning from the 14th century to the present day, the book explores how the role of law and legal concepts comes to consider some forms of human labour as work, and some forms of human labour as non-work. It examines why perceptions of these activities can change over time, and how legal constitution impacts the way in which work comes to be regulated, organised, and valued. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with

In this episode, I interview Professor Geoffrey Jones about his new book  Deeply Responsible Business: A Global History of Values-Driven Leadership (Harvard University Press, 2023). For an extraordinary introduction to the content of the book, please visit deeplyreponsible.com . Professor Christopher Marquis, author of Better Business: How the B Corp Movement Is Remaking Capitalism (Yale University Press, 2020) also joined our conversation. Deeply Responsible Business is a global history of deeply responsible business leaders. It offers an invaluable historical perspective, going back to the Quaker capitalism of George Cadbury and the worker solidarity of Edward Filene. Through a series of in-depth profiles of business leaders and their companies, it carries us from India to Japan and from the turmoil of the nineteenth century to the latest developments in impact investing and the B-corps. Geoffrey Jones profiles business leaders from around the world who combined profits with social purpose to confront ineq

For many, the COVID-19 pandemic has awakened them to the dangers attendant to a lot of the working conditions in society today—for others, it has made what they already knew to be the dangers of their workplaces and of a tattered social safety net all the more perilous. In Canadian Labour Policy and Politics (UBC Press, 2022) co-editors John Peters and Don Wells bring together a number of field-leading scholars in Canadian Labour Studies to situate the social abandonment of workers in both its longue durée and in its most acute contemporary manifestations. Most importantly, though, they also highlight the growing capacities of community unionism, as a strategy for building worker power across the multiple intersections of race, gender, nationality, (dis)ability, in order to challenge corporate power and build democratic alternatives. I sit down with co-editor Don Wells to discuss this rich and deeply accessible text. Phil Henderson is a SSHRC Postdoctoral Research Fellow at Carleton University’s Institute of

Andrew Popp, a professor of history at Copenhagen Business School, and Jonathan Coopersmith, a professor (retired) of history at Texas A&M, talk about a recent special issue they edited in the journal History Compass with Peoples & Things host, Lee Vinsel. The special issue brought together a number of business historians to assess the historical arguments of Thomas Piketty’s 2019 book, Capital and Ideology, which argues that societies have developed a number of ideologies to justify inequality. While largely sympathetic to Piketty’s aims, the historians involved prod and criticize aspects of his argument and evidence. Popp, Coopersmith, and Vinsel also discuss the need for more historians, particularly business historians, to focus on the history of inequality. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Before there were Instagram likes, Twitter hashtags, or TikTok trends, there were bloggers who seemed to have the passion and authenticity that traditional media lacked. The Influencer Industry: The Quest for Authenticity on Social Media (Princeton UP, 2023) tells the story of how early digital creators scrambling for work amid the Great Recession gave rise to the multibillion-dollar industry that has fundamentally reshaped culture, the flow of information, and the way we relate to ourselves and each other. Drawing on dozens of in-depth interviews with leading social media influencers, brand executives, marketers, talent managers, trend forecasters, and others, Emily Hund shows how early industry participants focused on creating and monetizing digital personal brands as a means of exerting control over their professional destinies in a time of acute economic uncertainty. Over time, their activities coalesced into an industry whose impact has reached far beyond the dreams of its progenitors--and beyond their c

Elizabeth Tandy Shermer, an associate professor of history at Loyola University Chicago, talks about her book, Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in Debt, with Peoples & Things host, Lee Vinsel. Indentured Students examines the long history of student loans in the United States, including important turning points in the 1960s. Shermer argues that elected officials have preferred student loans as an answer to an important social problem, the perceived-need for college education, over more structural solutions. Shermer and Vinsel also talk about what this legacy of debt means today as well as what recent public discussions about student debt might portend for the future. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What is the future of news? In the twentieth century Western-educated journalists championed impartial, unbiased news – which always seemed rather odd as everyone agreed it wasn’t possible for journalists to shed all their biases. That fundamental contradiction has been replaced by something even more problematic – fake news and worse than that, fake news which people believe and even the idea that everyone can publish their own news. So where are we headed in the twenty first century. Roger Mosey was a senior BBC editor and is now master of Selwyn College Cambridge Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/econom

Stephanie Hoopes, National Director of United for ALICE, a research center founded at United Way of Northern New Jersey, talks about the ALICE program with Peoples & Thing host, Lee Vinsel. ALICE stands for Asset-Limited, Income-Constrained Employed, and describes working households who can barely afford to make ends meet. The ALICE program repeatedly finds that about 40% of American households fits its criteria. Hoopes and Vinsel also the social structures and economic factors that contribute to ALICE, and how different populations are affected unequally by these factors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Pakistan would desperately like to produce enough electricity, but it usually doesn't. Despite prioritization by successive governments, targeted reforms shaped by international development actors, and featuring prominently in Chinese Belt and Road investments, the Pakistani power sector continues to stifle economic and social life across the country. Why? In Access to Power: Electricity and the Infrastructural State in Pakistan (Oxford UP, 2022), Ijlal Naqvi explores state capacity in Pakistan by following the material infrastructure of electricity across the provinces and down into cities and homes. Naqvi argues that the national-level challenges of crippling budgetary constraints and power shortages directly result from conscious strategic decisions that are integral to Pakistan's infrastructural state. As he shows, electricity governance in Pakistan reinforces unequal relations of power between provinces and the federal center, contributes to the marginalization of subordinate groups in the city, and ceme

Egyptians often say that bread is life; most eat this staple multiple times a day, many relying on the cheap bread subsidized by the government. In Staple Security: Bread and Wheat in Egypt (Duke UP, 2022), Jessica Barnes explores the process of sourcing domestic and foreign wheat for the production of bread and its consumption across urban and rural settings. She traces the anxiety that pervades Egyptian society surrounding the possibility that the nation could run out of wheat or that people might not have enough good bread to eat, and the daily efforts to ensure that this does not happen. With rich ethnographic detail, she takes us into the worlds of cultivating wheat, trading grain, and baking, buying, and eating bread. Linking global flows of grain and a national bread subsidy program with everyday household practices, Barnes theorizes the nexus between food and security, drawing attention to staples and the lengths to which people go to secure their consistent availability and quality. Jessica Barnes is

What would happen if microchips suddenly disappeared from our world? From phones to cars, medical equipment to heating units, they are crucial for the safe and smooth functioning of much of society. While they may not actually disappear anytime soon, we have learned from the COVID pandemic about the real and potential consequences of an essential microchips shortage. Listen to Hermann Aubié, senior researcher at the Centre for East Asian Studies at the University of Turku in Finland, speak about the current state of the complex global microchips industry and attempts by governments to control its technology and supply-chain. Dr. Aubié focuses in particular on the United States' 2022 CHIPS and Science Act and October Export Rules, largely considered to target China's capacity to produce advanced microchips. Learn about responses by Taiwan, the largest producer of advanced microchips with TSMC (Taiwan Semiconductor Manufacturing Company), as well as the position of the European Union, itself dealing with ongoin

Today I talked to Max Bazerman about his book Complicit: How We Enable the Unethical and How to Stop (Princeton UP, 2022). Remember Saturday Night Live’s satirical TV spot for Ivanka Trump’s perfume, Complicit? Talk about a timely topic. In what is Bazerman’s third book on ethics, the focus is on the people who surround an “evil” doer and enable or allow harmful behavior to occur. From the implosion of FTX under the funky leadership of Sam Bankman-Fried, to Elizabeth Holes at Theranos or Purdue Pharma and the Sacklers, there is always a large supporting cast of those who trade on privilege, defer to authority, or have their trust exploited. Indeed, in this interview Bazerman touches on seven different profiles in complicity that serve as a counterpoint to JFK’s book, Profiles in Courage. What solutions does Bazerman offer? Besides changing the culture of an institution or company, one particular way forward is to amass co-whistleblowers by creating “informal escrows” so that the victims of perpetrators like H

How can we build greener infrastructure in the face of the global climate emergency? In Trade Winds: A Sailing Voyage to a Sustainable Future for Shipping (Manchester UP, 2023), Christiaan De Beukelaer, a Senior Lecturer in Arts and Cultural Management at the University of Melbourne intertwines an depth analysis of modern shipping, with a memoir of being aboard a sailing ship during the 2020 pandemic. The book is a fascinating read, with both an extensive critique of the failures of the global shipping and trade system to be sustainable, as well as offering moving insights into a unique experience of a very different form of 2020’s lockdown. Concluding with both the return to land, and a detailed consideration of how shipping, trade, and the world might adapt to the climate crisis, the book is essential reading for anyone interested in a sustainable future for the planet. Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield. Learn more about your ad choices. Visit meg

Venkatesh Rao is a writer and consultant based in Los Angeles. The bulk of his consulting practice comprises 1:1 work with senior executives as a conversational sparring partner, to stress test and improve the rigor and quality of their ongoing thinking about their evolving challenges. The Art of Gig is a two-volume guide to the modern gig economy, with particular emphasis on independent consulting. It is intended to serve as a philosophical companion for a life of free agency and help you develop a sensibility of work attuned to both the poetry and practicalities of life beyond paychecks. The essays included in these volumes were originally published over two years in a weekly email newsletter. They have been carefully updated, sequenced, and structured for this compilation. This first volume, Foundations, comprises thirty-two essays that aim to help you develop a solid grasp of the fundamentals of surviving and thriving in the gig economy. Topics include: getting oriented, bootstrapping, managing perception

How useful will nuclear fusion be? In a major breakthrough last year at the National Ignition Facility in California, 192 lasers achieved fusion – and created energy - for the first time. It was clearly an important moment. But might the development of fusion technology come too late? Owen Bennett Jones speaks with Sharon Ann Holgate, author of Nuclear Fusion: The Race to Build a Mini Sun on Earth (Icon Books, 2022). Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hello, world! This is the Global Media & Communication podcast series. In this episode, our co-hosts Aswin Punathambekar and Jing Wang discusses the book Platforms and Cultural Production (2021) by Thomas Poell, David B. Nieborg, and Brooke Erin Duffy. You’ll hear about: How this collaborative project came about, given each of the authors has distinct interests and disciplinary orientations; Given the two keywords of “platforms” and “cultural production,” how did the authors make sense of these keywords in relation to broader processes of digital infrastructures and imaginaries; How three key sections – social media, games, and journalism – were identified by the authors to explain the idea of “platformization”; How the platforms work as multi-sided markets and the approaches to account for the dynamism and lifecycles at work in platform economies; A discussion of Twitter as a useful case of platformization to grasp the challenges of platform governance; Why the authors chose to specifically focus on th