New Books In Economics

Today I talked to John Thompson, Emeritus Professor, Fellow of Jesus College, Cambridge, about his new book Book Wars: The Digital Revolution in Publishing (Polity, 2021). We discuss crowdfunding, audio books, distribution chains, social media, self-publishing, ebooks, Amazon, retail, and oh, also those things that are made of paper and glued together and have words printed in them. Interviewer: "One of the real eye-openers for me in the book was the distance, historically speaking, between readers and publishers. Now, as I think about it, and as I compare what a company like Amazon does to what traditional publishers do, well, I begin to notice that publishers are on the side of authors and content and that publishers have an obligation, even, on that side." John Thompson: "Yes, they have an obligation to authors. Publishers are good and professional at developing content. And if they're good publishers, they have a well thought-through and sophisticated marketing and publicity operation that helps to create