New Books In Economics

How do metrics and quantification shape social science? In The Quantified Scholar: How Research Evaluations Transformed the British Social Sciences (Columbia UP, 2022), Juan Pablo Pardo-Guerra, an Associate Professor in sociology at the University of California, San Diego, explores this question using a case study of British academia. The book combines a rich array of quantitative and qualitative analysis, demonstrating the transformation of working conditions, institutional contexts, and research areas since the introduction of a metrics and quantification regime during the 1980s. Highlighting the complexity and ambivalences of metrics and quantification, as well as the uneven distribution of positive and negative impacts, the book offers essential reading for every academic, irrespective of the nation or institution in which they work. It also will be important for those seeing to better understand the role of metrics and markets in contemporary life. Dave O'Brien is Professor of Cultural and Creative Indu

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time. Today I spoke with Flavia di Mario, a young scholar of political economy and industrial relations. She coauthored a very provocative book with Andrea Micocci, The Fascist Nature of Neoliberalism (Routledge, 2017). Flavia is doctoral student at London Middlesex University, Andrea Micocci was professor of Economics at Link University, Rome, Italy. In their words, they claim that capitalism is based on a false logic in which all facts and ideas are reduced to a consideration of their ‘feasibility’ within the capitalist system. Thus, all mainstream economic and political theories, including those such as Marxism which are supposed to offer an alternative vision, have been stunted and utopian ideas are completely side-lined. "In order to constantly work out the feasible, you have to hang on to pseudo-factual concepts: nationalism; a constant drive for efficiency; the idea of nation/state; corpora

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time. I met with John Komlos, an American economic historian of Hungarian descent and former holder of the Chair of Economic History at the University of Munich. We spoke about his latest book, Foundations of Real-World Economics: What Every Economics Student Needs to Know (Routledge, 2019). This is a very original textbook, a good answer to the call from the Rethinking Economics movement to revise our economics textbooks and programmes. Komlos argues that the 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake ‘have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization.’ His book demonstrates how misleading it can be to apply oversimplified models of perfect compe

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time. Today I spoke with professor Peter J. Boettke the author of a great new book on Friedrich August von Hayek. Dr. Boettke is University Professor of Economics and Philosophy, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at George Mason University, USA. F. A. Hayek: Economics, Political Economy and Social Philosophy (Palgrave Macmillan, 2018) explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Professor Boettke correctly argues that: ‘There is certainly little doubt that Hayek was among the most prodigious classical liberal scholars of the twentieth century. Though his 1974 Nobel Prize was in Economic Science, his scholarly endeavors extended well beyond economics.' Peter argued that his political influence (Thatcher, Reagan...) is overemphasized because '...his relationships wi

This episode proved remarkably popular, so we're reposting it as an NBN classic for those who missed it the first time. I spoke with Dr Adem Yavuz Elveren about his book on the economics of military spending; this is a very original theoretical and empirical contribution Adem Yavuz Elveren is Associate Professor at Fitchburg State University, U.S.A. His research focuses on gender and social security and the effect of military spending on the economy. The Economics of Military Spending offers a comprehensive analysis of the effect of military expenditures on the economy. It is the first book to provide both a theoretical and an empirical investigation of how military spending affects the profit rate, a key indicator of the health of a capitalist economy. We discussed the origin of the book and its main contribution. I asked the author to define what is the economic effect of military spending and how does it compare today with the past? We then reviewed what economic theory says about military spending. We the

The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance (Harvard University Press, 2022) presents a pioneering history that traces the origins of global economic governance—and the political conflicts it generates—to the aftermath of World War I. International economic institutions like the International Monetary Fund and World Bank exert incredible influence over the domestic policies of many states. These institutions date from the end of World War II and amassed power during the neoliberal era of the late twentieth century. But as Jamie Martin shows, if we want to understand their deeper origins and the ideas and dynamics that shaped their controversial powers, we must turn back to the explosive political struggles that attended the birth of global economic governance in the early twentieth century. In The Meddlers, Dr. Jamie Martin tells the story of the first international institutions to govern the world economy, including the League of Nations and Bank for International Settlemen

Retail Inequality: Reframing the Food Desert Debate (U California Press, 2021) examines the failure of recent efforts to improve Americans' diets by increasing access to healthy food. Based on exhaustive research, this book by Kenneth H. Kolb documents the struggles of two Black neighborhoods in Greenville, South Carolina. For decades, outsiders ignored residents' complaints about the unsavory retail options on their side of town—until the well-intentioned but flawed "food desert" concept took hold in popular discourse. Soon after, new allies arrived to help, believing that grocery stores and healthier options were the key to better health. These efforts, however, did not change neighborhood residents' food consumption practices. Retail Inequality explains why and also outlines the history of deindustrialization, urban public policy, and racism that are the cause of unequal access to food today. Kolb identifies retail inequality as the crucial concept to understanding today’s debates over gentrification and c

From the United Kingdom to Italy, from Brazil to the Gambia to the USA, Philip Lymbery, the internationally acclaimed author of Farmageddon, goes behind the scenes of industrial farming and confronts 'Big Agriculture', where mega-farms, chemicals and animal cages are sweeping the countryside and jeopardising the air we breathe, the water we drink, the food we eat and the nature that we treasure. In his investigations, however, he also finds hope in the pioneers who are battling to bring landscapes back to life, who are rethinking farming methods, rediscovering traditional techniques and developing technologies to feed an ever-expanding global population. Impassioned, balanced and persuasive, Sixty Harvests Left: How to Reach a Nature-Friendly Future (Bloomsbury, 2022) not only demonstrates why future harvests matter more than ever, but reveals how we can restore our planet for a nature-friendly future. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused on post-conflict military in

As we build the AI-powered digital economy, how far do we want to go? Surveillance State: Inside China's Quest to Launch a New Era of Social Control (St. Martin's Press, 2022) explores how China’s Communist Party is harnessing new technologies in an effort to achieve an unprecedented level of social control. The authors outline the most brutal and extreme applications of these technologies to the Uighur people of western China. They contrast this with the relatively benign-seeming applications to traffic control, crime, and public order in the prosperous Han Chinese heartland, where a little loss of privacy can feel like a small price to pay. They also make clear that these developments are not isolated to China. They show how America faces similar tradeoffs between using the benefits these tools can bring for crime fighting and other goals, against the risks of losing privacy and potentially making our criminal justice system even less fair. They examine the role of US companies in selling crucial elements o

Today I talked to Eric Posner about his book How Antitrust Failed Workers (Oxford UP, 2021). When anti-trust cases are brought forward, typically they involve monopolies exercising undue power in regards to products or services. Rarely do labor issues get the same treatment. Reasons vary from the previous power of unions, to the expense and risk of going to trial, to whether the potential for unfair, uncompetitive practices get scrutinized at all. Posner points in this episode to why the laws may need strengthening. Issues include stagnant wages, and the use and abuse of non-poaching, non-complete and arbitration clauses in the contracts that workers sign. Add in the practice of gig workers and rising inequality issues related to household wealth, and you can’t find a more timely topic than this one. Eric Posner is a professor of Law at the University of Chicago. He’s currently on leave and working for the Anti-Trust Division of the U.S. Justice Department. (Note that his views do not necessarily reflect thos

According to A Problem of Fit: How the Complexity of College Pricing Hurts Students—and Universities (U Chicago Press, 2022) a college education doesn't come with a sticker price and perhaps, he argues, it should. Millions of Americans miss out on the economic benefits of a college education because of concerns around the costs. Financial aid systems offer limited help and produce uneven distributions. In the United States today, the systems meant to improve access to education have in fact added a new layer of deterrence. In A Problem of Fit Levine examines the role of financial aid systems in facilitating (and discouraging) access to college. If markets require prices in order to function optimally, then the American higher-education system--rife as it is with hidden and variable costs--amounts to a market failure. It's a problem of price transparency, not just affordability. Ensuring that students understand exactly what college will cost, including financial aid, could lift the lid on not only college att

From social media posts and text messages to digital government documents and archives, researchers are bombarded with a deluge of text reflecting the social world. This textual data gives unprecedented insights into fundamental questions in the social sciences, humanities, and industry. Meanwhile new machine learning tools are rapidly transforming the way science and business are conducted. Text as Data shows how to combine new sources of data, machine learning tools, and social science research design to develop and evaluate new insights. Text as Data: A New Framework for Machine Learning and the Social Sciences (Princeton UP, 2022) is organized around the core tasks in research projects using text--representation, discovery, measurement, prediction, and causal inference. The authors offer a sequential, iterative, and inductive approach to research design. Each research task is presented complete with real-world applications, example methods, and a distinct style of task-focused research. Bridging many divi

From one of the world's leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. But it was not so. When 1870-2010 ended, the world instead saw global warming; economic depression, uncertainty, and inequality; and broad rejection of the status quo.  Brad DeLong's Slouching Towards Utopia: An Economic History of the Twentieth Century (Basic Books, 2022) tells the story of how this unprecedented explosion of material wealth occurred, how it transformed the globe--and why it failed to deliver us to utopia. Of remarkable breadth and ambition, it uncovers the last century to have been less a march of progress than a s

John Keynes’ book, General Theory of Employment, Interest and Money, was published in England at the tail end of the Great Depression. This text is responsible for a massive shift in economic theory. It challenged existing beliefs about supply and demand and introduced new ideas about the value of governmental intervention. Larry Summers is President Emeritus of Harvard University and a current professor of Economics in The Harvard Kennedy School of Government. He is also the former director of the National Economic Council in the Obama administration. See more information on our website, WritLarge.fm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this podcast, Amy Edwards, author of Are We Rich Yet?: The Rise of Mass Investment Culture in Contemporary Britain (U California Press, 2022), provides a fascinating journey into her own research and how she built a picture of a key moment of the 20th century. As a result, she brings together different strands of work such as cultural, business, economic and financial history. The book and podcast will be of interest to anyone old enough to remember the 1980s or whose current life has been shaped by that decade. References to other works discussed in the podcast: Allon, Fiona. 2014. "The Feminisation of Finance", Australian Feminist Studies, 29:79, 12-30, DOI: 10.1080/08164649.2014.901279 Chatelain, Marcia. 2020. Franchise: The Golden Arches in Black America. Liverlight. NBN Interview by Amanda Joyce here. Effosse, Sabine. 2021. “Financial Empowerment for Married Women in France.” Quaderni Storici 166: 117-141. doi: 10.1408/101558 Martínez-Rodríguez, Susana (2022). “DIANA (1969-1978): The First Women´s Fi

What does gentrification look like? Can we even agree that it is a process that replaces one community with another? It is a question of class? Or of economic opportunity? Who does it affect the most? Is there any way to combat it? In Gentrification is Inevitable and Other Lies (Verso, 2022), Leslie Kern travels from Toronto, New York, London, Paris, and San Francisco and scrutinises the myth and lies that surround this most urgent urban crisis of our times. First observed in 1950s London, and theorised by leading thinkers such as Ruth Glass, Jane Jacobs and Sharon Zukin, this devastating process of displacement now can be found in every city and most neighbourhoods. Beyond the Yoga studio, farmer’s market and tattoo parlour, gentrification is more than a metaphor, but impacts the most vulnerable communities. Kern proposes an intersectional way of looking at the crisis that seek to reveal the violence based on class, race, gender, and sexuality. She argues that gentrification is not natural. That it cannot be

Incomes are stagnating, middle-class jobs are disappearing, economic growth is slowing, and the meager gains are mostly going to those who are already wealthy. More Americans than ever are frustrated by the direction in which we are headed. Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know (Prometheus, 2022) aims to replace this frustration with a practical understanding of our economy and empower readers to identify and advocate for a better approach to the problems we face. In this entertaining and informative guide, author Howard Yaruss breaks down our economic system in a straightforward way, avoiding jargon, formulas, graphs, and other technical material so common in books on this subject. Instead, he creates a compelling and comprehensive picture of our economy using accessible analogies, real-world observations, and entertaining anecdotes. Understandable Economics will enable readers to answer questions such as: Why is inequality soar

Should you train your kid to become a pro athlete? Why do Koreans dominate women’s golf? Why should ticket scalpers get more respect? Why are pro sports plagued by doping scandals and ruinous strikes? Learn the answers to these questions and more in my conversation with author Paul Oyer and sports economist Daniel Rascher about Paul’s new book An Economist Goes to the Game: How to Throw Away $580 Million and Other Surprising Insights from the Economics of Sports (Yale UP, 2022). Author Paul Oyer is the Mary and Rankine Van Anda Entrepreneurial Professor, professor of economics, and senior associate dean for academic affairs at the Stanford University Graduate School of Business. His academic research studies the economics of organizations and human resource practices, including the use of stock options plans, non-cash benefits, and the development of the gig economy. His previous books include Roadside MBA, which extracts business lessons from the experiences of small businesses across the US, and Everything

In the 1960s and 1970s, the exposure of Big Tobacco’s aggressive lobbying and internal efforts to obscure science showcasing the harmful effects of smoking changed U.S. public opinion of the industry and of product safety protocols, both of which had largely obscured these harms from public view for decades. Public awareness grew, triggering regulation on disclosure related to political influencing strategies, marketing tactics, and transparency regarding the devastating toll of tobacco products on many communities, including and especially children. As similar approaches to assessing the public health impacts of Big Oil and Big Pharma, among other industries, have gained traction in recent decades, Dr. Mélissa Mialon’s new book, Big Food & Co (Thierry Souccar Editions, 2021), adds the amalgamation of multinationals and transnational supply chains that make up Big Food, to that list. Rising health inequities across race, class, and geography are subtle, yet central themes throughout Dr. Mialon’s meticulous ac

As global governments and regulators set an agenda for net zero carbon emissions, the focus on Environmental, Social and Governance (ESG) criteria among investors, from pension scheme members to institutions, is on the rise. The ESG Investing Handbook: Insights and Developments in Environmental, Social and Governance Investment (Harriman House, 2022) is an indispensable guide to the history, developments and latest thinking into the future of ESG investing from some of the most influential names in the business. Featuring interviews with: Lisa Beauvilain, Director, Impax Asset Management Tony Burdon, CEO, Make My Money Matter Mark Campanale, Founder & Executive Chairman, Carbon Tracker Amy Clarke, Chief Impact Officer, Tribe Impact Capital Keith Davies, Chief Risk & Compliance Officer, Federated Hermes Ltd Bruce Davis, co-founder, Abundance Investment Ingrid Holmes, Director, Green Finance Institute Yan Swiderski, co-founder, Global Returns Project Richard Wilson, CEO interactive investor The Bailli