New Books In Economics

Chances are that at this very moment, you are either looking at a computer screen, holding a digital device, or listening to my voice through plastic earphones. Our computers and these other devices are constructed out of materials that have their origins in lands across the globe. And oil plays a central and early role in the causal story of how we came into possession of them. Oil also plays a leading role in the major global conflicts of our day. Much of the world’s oil is sold to us by brutal tyrants who use the monetary proceeds to strengthen their tyranny. But it is arguable that tyrants who control a territory have no legitimate claim to ownership of the territory’s resources; the oil belongs to the people, not to the tyrant. So the oil that goes into creating the objects that we now possess and use is likely stolen. How is it then that your computer, which is made of oil in the form of plastic, is your property? And what can be done about the fact that out ordinary consumption habits so di

Adam Seth Levine has written American Insecurity: Why Our Economic Fears Lead to Political Inaction (Princeton University Press, 2015). Levine teaches in the Department of Government at Cornell University. If we have learned anything about American politics over the last several months, it is that there are a lot of people who are angry about the present and fearful about the future. American Insecurity demonstrates why it is difficult to channel these sentiments into political action. Using a series of lab and field experiments, we learn in American Insecurity that those who feel economically insecure may be de-mobilized if reminded about their insecurity. There are numerous implications of Levine’s findings for how we understand the psychology of insecurity and the ways interest groups might hone mobilization strategies.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Canadian author and journalist Naomi Klein says right-wing conservatives who deny the reality of global warming are correct about the revolutionary implications of climate change. In her new book, This Changes Everything: Capitalism vs. The Climate (Simon and Schuster, 2014) Klein quotes Thomas J. Donohue, President of the U.S. Chamber of Commerce who says that the steps being proposed to radically reduce carbon emissions would change the American way of life and put large segments of the economy out of business. Klein agrees, but argues that transforming global capitalism into a more humane economic system would be a good thing. In her book, she urges progressives who care about the environment to show that the steps needed to avert catastrophic climate change “are also our best hope of building a much more stable and equitable economic system, one that strengthens and transforms the public sphere, generates plentiful, dignified work, and radically reins in corporate greed.” Klein also argues

We’ve been hearing a lot about economist John Maynard Keynes’ midcentury economic plans for the U.S. since the beginning of the financial crisis in 2008. Are the measures that Keynes and FDR took to combat the Depression in 2008 relevant to the present? What is the difference between fiscal and monetary policy, and how might changing our national approach to the monetary supply help our economic circumstances? Listen to Eric Rauchway discuss his book The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace (Basic Books, 2015) and find out!Learn more about your ad choices. Visit megaphone.fm/adchoices

Paul R. Josephson‘s new book explores everyday technologies – fish sticks, sports bras, sugar, bananas, aluminum cans, potatoes, fructose, and more – as technological systems that embody vast social, political, cultural histories within relatively small packages. Fish Sticks, Sports Bras, and Aluminum Cans: The Politics of Everyday Technologies (Johns Hopkins University Press, 2015) traces some major themes through a series of fascinating and engagingly written case studies. As readers explore the chapters, we learn that fish sticks (the “ocean’s hot dog”) were created less as a result of consumer demand, and more as a result of over-production thanks to new technologies related to fishing, refrigeration, materials science, the postwar kitchen, and more. We learn about the invention of the sports bra as a story of “reverse gender engineering” that involved the transformation of jock straps. We learn of the colonial and postcolonial histories – of slavery,

In his new book Rigging The Game: How Inequality is Reproduced in Everyday Life (Oxford University Press, 2014), Michael Schwalbe identifies the roots of inequality in the appearance of economic surplus as human societies transitioned from communal hunting and gathering societies to forms of sedentary agricultural production that enabled a few to live off the surplus produced by the many. This immanently historical and human development of a class-stratified society was subsequently reified by the exploiting few, and made to appear to others as being the result of divine or natural forces that could not be altered. Schwalbe then reveals the present-day forms of reification used by the wealthy (the American 1%) to justify their privilege to keep poor and working class from imagining a better world and the way to reach it. The book is rich with pedagogical insight and suggestions for classroom use. In this interview Schwalbe responded to questions about his educational philosophy and views on the 2016 president

In Waste into Weapons: Recycling in Britain during the Second World War (Cambridge University Press 2015), Peter Thorsheim explores the role of waste and recycling in Britain under conditions of total war. Thorsheim argues wartime salvage efforts linked civilians socially as well as materially to the war. Salvage drives served to focus people’s efforts and helped them make sense of the events around them and their role in the conflict. The ebb and flow of resource scarcity served as a metric in which to measure changing military and strategic concerns against the Axis, but also complicated the wartime alliance between the British Empire and the United States. Although essential for national survival, Thorsheim shows how wartime salvage tended to alienate as much as unite the British public. Vigorous, but often ill-conceived, salvage efforts led to infringements of civil liberties, destroyed historical artifacts, and damaged private property. Some materials were never recycled and left to languish in eno

The new edited volume by Francesca Bray, Peter Coclanis, Edda Fields-Black and Dagmar Schafer is a wonderfully interdisciplinary global history of rice, rooted in specific local cases, that spans 15 chapters written by specialists in the histories of Africa, the Americas, and several regions of Asia. Rice: Global Networks and New Histories (Cambridge University Press, 2015) creates a conversation among regional and disciplinary modes of studying and narrating rice histories that have often been conducted in isolation. Specifically, the project brings together two large-scale debates that emerge from very different rice historiographies: the “Black Rice” and “agricultural involution” debates frame the inquiry here, and as you listen to my conversation with Francesca and Dagmar (the two co-editors with whom I spoke for the podcast) you’ll hear them offer an overview of the nature and stakes of both of those areas of inquiry. In the course of the conversation we also had a chance to

In Capitalism in the Web of Life: Ecology and the Accumulation of Capital (Verso, 2015), author Jason W. Moore seeks to undermine popular understandings of the relationship among society, environment, and capitalism. Rather, than seeing society and environment as acting on an external, nonhuman nature, Moore wants us to recognize capitalism-in-nature. For Moore, seeing society and environment as separate has hampered clear thinking on the problems we face, such as climate change or the end of cheap nature, as well as political solutions to these issues. His book is an analysis of the interrelationship of capitalism and nature over the past few centuries as well as a critique of important environmental concepts such as the Anthropocene. Moore is assistant professor of sociology at SUNY-Binghamton and coordinator of the World Ecology Research Network. This book is a product of over a decade of research and writings on world ecology and evidence of his wide-ranging scholarship.Learn more about your ad choices. V

In Yankel’s Tavern: Jews, Liquor, and Life in the Kingdom of Poland (Oxford UP, 2014), Glenn Dynner, Professor of Religion at Sarah Lawrence College, explores the world of Jewish-run taverns in nineteenth-century Eastern Europe. Jews had to fend off reformers and government officials that sought to drive Jews out of the liquor trade. Dynner argues that many nobles helped their Jewish tavernkeepers evade fees, bans, and expulsions by installing Christians as fronts for their taverns, revealing a surprising level of Polish-Jewish co-existence that changes the way we think about life in the Kingdom of Poland.Learn more about your ad choices. Visit megaphone.fm/adchoices

So many of our social questions are now the subject of analysis from economics. In A Richer Life: How Economics can Change the Way We Think and Feel (Penguin, 2015), Phillip Roscoe, a reader at the University of St Andrew’s School of Management, offers a critique of the long march of economics into social life. The book covers a vast range of social examples, including dating, organ transplantation, and education, alongside accessible engagements with historical and contemporary economic theory. Using personal examples as well as academic expertise, Roscoe’s book offers a primer in the social cost of economics, as well as what we can do to resit and challenge economistic modes of thought.Learn more about your ad choices. Visit megaphone.fm/adchoices

Ronald P. Formisano has written Plutocracy in America: How Increasing Inequality Destroys the Middle Class and Exploits the Poor (Johns Hopkins UP, 2015). Formisano is the William T. Bryan Chair of American History and professor emeritus of history at the University of Kentucky. Are those in the United States living in a plutocracy? Formisano offers a full-throated “definitely, yes.” His wide-ranging book explores the nature of inequality, the role political institutions play in perpetuating inequality, and several ways to change the status quo. Plutocracy in America is a provocative read about the status of the country today.Learn more about your ad choices. Visit megaphone.fm/adchoices

Though the conventional history of the U.S.-led “War on Drugs” locates the origins of this conflict in a reaction to the domestic culture of excess of the 1960s, a new book argues that international drug control efforts are actually decades older, and much more imbricated with the history of U.S. access to international markets, than we have previously thought. Suzanna Reiss’s We Sell Drugs: The Alchemy of US Empire (University of California Press, 2014) uncovers this history by tracing the transnational geography and political economy of coca commodities–stretching from Peru and Bolivia into the United States, and back again. The book examines how economic controls put in place during WWII transformed the power of the U.S. pharmaceutical industry in Latin America and beyond, and gave rise to new definitions of legality and illegality–definitions that were largely premised on who grew, manufactured, distributed, and consumed drugs, and not on the qualities of the drugs themselves

Shellen Wu‘s new book is a fascinating and timely contribution to the histories of China, science, technology, and the modern world. Empires of Coal: Fueling China’s Entry into the Modern World Order, 1860-1920 (Stanford University Press, 2015) brings readers into the nineteenth century industrialization of China, when coal became the “fuel of a ‘new’ imperialism.” Wu’s book asks how China came to matter in a new modern world order of the nineteenth century that was built on a perception that coal was a measure of a country’s standing in the world. In answering that question, Empires of Coal looks carefully at the importance of mining (including state management and legal regulation thereof) to the political economy of late imperial China. As geology developed into an independent discipline separate from geography, it help colonizers cement their power by aiding efforts to extract valuable mineral deposits from the colonies. Wu traces the archive produced in thi

Christine Desan, teaches about the international monetary system, the constitutional law of money, constitutional history, political economy, and legal theory at Harvard Law School. In this podcast we discuss her new book, Making Money: Coin, Currency, and the Coming of Capitalism (Oxford University Press, 2015). Per the books jacket, “Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself – along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money’s design brought capitalism to England. For centuries, the English government monopolized money’s creation. The Crown sol

Video games have become an important cultural and economic force in our media environment. In his new book, The Video Game Business (British Film Institute, 2014), scholar Randy Nichols provides an overview of the increasingly diverse global market for video games. Nichols locates the origins of the video game industry back to the dawn of the computer age in the 1960s. He then explores the emergence of an industry around video games, noting the interdependence of hardware and software across a number of key “epochs”: from consoles to computer gaming to the explosion of mobile gaming. Throughout the book, Nichols explores key moments of transition in video games by providing institutional profiles of key industrial players in the industry. His critical analysis of power in the video game industry also explores the role of labor and audiences.Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. William Elliott III, associate professor in the School of Social Welfare at the University of Kansas, and Melinda Lewis, associate professor of practice in the School of Social Welfare at the University of Kansas, explore the landscape of the US higher education student loan situation in The Real College Debt Crisis: How Student Borrowing Threatens Financial Well-Being and Erodes the American Dream (Praeger 2015). Using real-life examples along with academically rooted studies, the authors attempt to answer the question, “Does the student who goes to college and graduates but has outstanding student debt achieve similar financial outcomes to the student who graduates from college without student debt?” Co-author Melinda Lewis joins New Books in Education for the interview to discuss the book. For questions or comments on the podcast, you can also find the host on Twitter at @PoliticsAndEd. You can also find the authors on Twitter at @melindaklewis and Dr. Elliott’s organization at @Asset

Credit, debt and default are embedded into everyday life, whether as a constant part of people’s daily routines or as a constantly discussed topic in news media. Joe Deville‘s new book, Lived Economies of Default: Consumer Credit, Debt Collection and the Capture of Affect, helps to make sense of this by asking how this core part of the social world functions.The book draws on science and technology studies and theories of affect, to lay bare the practices of attaching the debtor to debt, and to getting debts to be repaid. The book has case studies of credit cards, collections agencies, telephone calls and letters, revealing the reality of default and debt in contemporary society. The book will appeal widely, not only to sociology, organization studies and anthropology, but also to politics, psychology, and the wider humanities.Learn more about your ad choices. Visit megaphone.fm/adchoices

What meaning does money have in psychic life? And where does clinical psychoanalytic work fall in the realm of commerce? Does money play an inherently alienating role with regards to the psychoanalytic subject? Or might it contain meaning crucial to the patient’s progress? In Money Talks in Therapy, Society, and Life (Routledge, 2011), Brenda Berger and Stephanie Newman present a collection covering a wide range on the topic from varied psychoanalytic perspectives. With contributions from Muriel Dimen, Robert Glick, Theodore Jacobs, and others, money is understood in terms of psychosexuality, greed, envy, narcissism, sexuality, loss, the economics among candidates in psychoanalytic training institutes, and its ever-present roll in the transference/countertransference matrix. In the interview Berger describes the ways in which money was split off and denied in clinical psychoanalysis in the years leading up to the economic crash of 2008, and how this was followed by a re-emergence within the field after

Social media is now a pervasive element of many people’s lives. in order to best understand this phenomenon we need a comprehensive theory of the political economy of social media. In Culture and Economy in the Age of Social Media (Routledge, 2015), Christian Fuchs, a professor of social media at the University of Westminster, brings together a range of media, social and economic theorists to explain social media. Using Raymond Williams to draw attention to the material conditions of control, production and use of social media, including case studies from the USA and China. Most notably the book insists on understanding the international division of labour behind the seemingly ephemeral aspects of online interactions. The book is essential reading for all of those active online, as well as those working in the political economy and critical theory traditions. It is available here.Learn more about your ad choices. Visit megaphone.fm/adchoices