New Books in Economics

“If I had been enslaved for a year or two, I might not be able to believe in humanity any more.” “I am a victim of modern slavery.” These chilling words come from a Taiwanese female lured by a fake job offer, only to be sold into a scam compound in Cambodia. She is not alone. She is one of thousands deceived into this industry—people who left home hoping for a better life, only to find themselves trapped in a living nightmare. Scam: Inside Southeast Asia's Cybercrime Compounds (Verso Books, 2025) arrives at a critical moment, shedding light on one of the world's fastest-growing criminal economies: Southeast Asia's online scam industry. Running the gamut from the notorious “pig butchering” romance scams to elaborate online extortion and investment frauds, this system has transformed parts of the region into global hubs of cybercrime. Meticulously researched and grounded in years of fieldwork, Scam offers an unflinching look into the prison-like compounds that have mushroomed across multiple countries. Within these walled complexes, victims are often coerced into becoming perpetrators—trapped in what the authors describe as “compound capitalism,” a chilling hybrid of enslavement and exploitation. Scam traces how small-scale online gambling rings evolved into an international “scamdemic,” accelerated by the disruptions of COVID-19. It examines the “victim–offender trap”, a moral and psychological paradox that makes empathy difficult for outsiders. The result is a deeply human investigation into how modern slavery adapts to digital capitalism. The authors uncover the operations of scam compounds across Southeast Asia. In my interview with Ling and Ivan, what stood out was not only their depth of knowledge but their compassion. They used their skills to build trust with victims, gather evidence, and, in some cases, help orchestrate rescues. Their work is both rigorous and profoundly humane, illuminating a crisis that grows more complex each day. Though many of those involved—both perpetrators and victims—are ethnically Chinese, the networks now span continents. The scam compounds are a global phenomenon, built on economic desperation, weak governance, and digital interconnectivity. Scam is more than an exposé. It is a call to action and a vital first step toward understanding a new form of global exploitation—where modern technology and ancient cruelty combine to create a system that enslaves the vulnerable and profits from despair. Ling Li is pursuing a PhD at Ca' Foscari University of Venice with a focus on the role of technology in enabling modern slavery and human trafficking in East and Southeast Asia. In the past few years, she has been providing support to survivors of scam compounds in Southeast Asia, interacting with local and international civil society organisations to bring them relief and help with repatriation. Ivan Franceschini is a lecturer at the Asia Institute, University of Melbourne. His current research focuses on ethnic Chinese transnational crime, especially in the field of online fraud. He co-founded the Made in China Journal and The People's Map of Global China/ Global China Pulse. His books include Proletarian China (2022), Global China as Method (2022), and Afterlives of Chinese Communism (2019). He also co-directed the documentaries Dreamwork China (2011) and Boramey (2021). Mark Bo is a researcher who has been based in East and Southeast Asia for 2 decades. He has worked globally with local civil society partners to monitor and advocate for improved environmental and social practices in development projects and utilises his background in corporate and financial mapping to investigate stakeholders involved in Asia's online gambling, fraud, and money laundering industries. Bing Wang receives her PhD at the University of Leeds in 2020. Her research interests include the exploration of overseas Chinese cultural identity and critical heritage studies. She is also a freelance translator. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

For more than 150 years, Italy has been home to a resilient and evolving resistance against the pervasive influence of mafias. While these criminal organizations are renowned for their vast international business enterprises, the collective actions taken to oppose them are less known. In Opposition by Imitation: The Economics of Italian Anti-Mafia Activism (U Minnesota Press, 2025), Dr. Christina Jerne explores anti-mafia activism, revealing how ordinary people resist, counter, and prevent criminal economies from proliferating. Drawing on ethnographic fieldwork among anti-mafia alliances in Campania, Sicily, and other parts of Italy, Dr. Jerne details a particular aspect of mafia activities: providing cash relief and other forms of patronage to individuals and groups. Her research shows how activism has evolved to imitate this sustaining role. Activists are increasingly challenging mafia control both by creating alternative economies—from producing food that interrupts mafia labor practices to organizing tourism that supports anti-mafia hospitality—and by subversively adopting business tactics similar to the mafia's to compete with their social influence and legitimacy. Exposing the political implications of this mimetic opposition, Dr. Jerne points to its potential impact on crime prevention and criminalization, both in Italy and globally. Opposition by Imitation shows how these modern-day Robin Hoods are redefining collective action, taking what was controlled by the mafias and returning it to the collective. This contentious economic turn, against the backdrop of broader social movements, reveals significant political possibilities afforded by imitative opposition. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In How Progress Ends: Technology, Innovation, and the Fate of Nations (Princeton University Press, 2025), Carl Benedikt Frey challenges the conventional belief that economic and technological progress is inevitable. For most of human history, stagnation was the norm, and even today progress and prosperity in the world's largest, most advanced economies--the United States and China--have fallen short of expectations. To appreciate why we cannot depend on any AI-fueled great leap forward, Frey offers a remarkable and fascinating journey across the globe, spanning the past 1,000 years, to explain why some societies flourish and others fail in the wake of rapid technological change. By examining key historical moments--from the rise of the steam engine to the dawn of AI--Frey shows why technological shifts have shaped, and sometimes destabilized, entire civilizations. He explores why some leading technological powers of the past--such as Song China, the Dutch Republic, and Victorian Britain--ultimately lost their innovative edge, why some modern nations such as Japan had periods of rapid growth followed by stagnation, and why planned economies like the Soviet Union collapsed after brief surges of progress. Frey uncovers a recurring tension in history: while decentralization fosters the exploration of new technologies, bureaucracy is crucial for scaling them. When institutions fail to adapt to technological change, stagnation inevitably follows. Only by carefully balancing decentralization and bureaucracy can nations innovate and grow over the long term--findings that have worrying implications for the United States, Europe, China, and other economies today. Through a rich narrative that weaves together history, economics, and technology, How Progress Ends reveals that managing the future requires us to draw the right lessons from the past. Carl Benedikt Frey is the Dieter Schwarz Associate Professor of AI and Work at the Oxford Internet Institute and Oxford Martin Citi Fellow at the Oxford Martin School, both at the University of Oxford. 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

Americans have always fought over the meaning of freedom and equality. What is not commonly recognized is that the battles most pivotal in defining our democracy, from the framing of the Constitution to the decades-long backlash to the civil rights movement, hinged on one issue—taxes.In The Price of Democracy: The Revolutionary Power of Taxation in American History (Basic Books, 2025), Vanessa S. Williamson challenges the myth that Americans are instinctively anti-tax, revealing that fights over taxes have always been proxies for deeper conflicts over who is included in “We the People.” Poorer people have repeatedly built movements that sought to tax all Americans to create a more equal and democratic nation. Wealthy people have responded by constraining the power to tax and stifling democracy through voting restrictions, gerrymandering, and violence. Yet as hard as anti-tax crusaders have fought to create an America that redistributes not from rich to poor, but from non-white people to rich white people, the battle rages on.The Price of Democracy uncovers how fights for fiscal fairness have defined American history, delivering a powerful message to the present: that taxes are the public's most powerful weapon in the fight for a real democracy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

It's easy to be pessimistic about inequality. We know it has increased dramatically in many parts of the world over the past two generations. No one has done more to reveal the problem than Thomas Piketty. Now, in this surprising and powerful new work, Piketty reminds us that the grand sweep of history gives us reasons to be optimistic. Over the centuries, he shows, we have been moving toward greater equality. In A Brief History of Equality (Harvard UP, 2022), Piketty guides us with elegance and concision through the great movements that have made the modern world for better and worse: the growth of capitalism, revolutions, imperialism, slavery, wars, and the building of the welfare state. It's a history of violence and social struggle, punctuated by regression and disaster. But through it all, Piketty shows, human societies have moved fitfully toward a more just distribution of income and assets, a reduction of racial and gender inequalities, and greater access to health care, education, and the rights of citizenship. Our rough march forward is political and ideological, an endless fight against injustice. To keep moving, Piketty argues, we need to learn and commit to what works, to institutional, legal, social, fiscal, and educational systems that can make equality a lasting reality. At the same time, we need to resist historical amnesia and the temptations of cultural separatism and intellectual compartmentalization. At stake is the quality of life for billions of people. We know we can do better, Piketty concludes. The past shows us how. The future is up to us. Javier Mejia is a Postdoctoral Research Fellow at the Political Science Department at Stanford University. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

If the 20th Century was the American Century, it was also UPS's Century. Joe Allen's The Package King: A Rank and File History of UPS (‎Haymarket Books, 2020), tears down the Brown Wall surrounding one of America's most admired companies—the United Parcel Service (UPS). The company that we see everyday but know so little about. How did a company that began as a bicycle messenger service in Seattle, Washington become a global behemoth? How did it displace General Motors, the very symbol of American capitalism, to become the largest, private sector, unionized employer in the United States? And, at what cost to its workers and surrounding communities? Will it remain the Package King in the 21st Century or will be dethroned by Amazon? Joe Allen worked for nearly a decade at UPS between its Watertown, Massachusetts and Chicago, Illinois Jefferson Street hubs. Allen's work life has largely involved different sections of freight and logistics including for such major employers as A.P.A Transport (Canton, Mass.), Yellow Freight (Maspeth, NY), and UPS. He has been a member of several Teamster local unions and a member of Teamsters for a Democratic Union. Schneur Zalman Newfield is an Assistant Professor of Sociology at Borough of Manhattan Community College, City University of New York, and the author of Degrees of Separation: Identity Formation While Leaving Ultra-Orthodox Judaism (Temple University Press, 2020). Visit him online at ZalmanNewfield.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Alex Imas is the Roger L. and Rachel M. Goetz Professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business, where he has taught Negotiations and Behavioral Economics. He is a Faculty Affiliate of the Center for Applied AI and the Human Capital & Economic Opportunity, an NBER Faculty Research Associate, and a CESifo Research Network Fellow. He is also an Associate Editor at the Journal of the European Economic Association and on the editorial board of Psychological Science. Alex studies behavioral economics with a focus on how people understand and mentally represent the choices they are facing. His research explores topics related to how people learn and make choices in settings with risk and uncertainty. He also studies the economics of artificial intelligence and discrimination. Alex's work utilizes a variety of methods, including controlled laboratory experiments, field experiments, analysis of observational data and theoretical modeling. Alex Imas is the recipient of the 2023 Alfred P. Sloan Research Fellowship, the Review of Financial Studies Rising Scholar Award, the New Investigator Award from the Behavioral Science and Policy Association, the Hillel Einhorn New Investigator Award from the Society of Judgment and Decision Making, the Distinguished CESifo Affiliate Award, and the NSF Graduate Research Fellowship. He is the co-author, with Richard Thaler, of The Winner's Curse: Behavioral Economics Anomalies, Then and Now (Simon and Schuster, 2025). He is an Associate Editor at the Journal of the European Economic Association and on the editorial board of Psychological Science. Alex was born in Bender, Moldova. Previously, he was the William S. Dietrich II Assistant Professor of Behavioral Economics at Carnegie Mellon University, where he taught Behavioral Economics and Human Judgment and Decision Making. He did his PhD in economics at the University of California, San Diego and earned a BA from Northwestern University. Prior to graduate school, Imas helped found a startup and co-authored several patents as part of its intellectual property strategy. Teaching materials for The Winner's Curse can be found here. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, where he leads the Master's Program in International and Development Economics at the University of San Francisco. He is also a nonresident scholar at the UCSD 21st Century China Center and an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Guest interviewer Robizon Khubulashvili is an Assistant Professor of Economics at the University of San Francisco. His research is at the intersection of theoretical, behavioral, and experimental microeconomics. A common question in his research is, how can we use a user's revealed preferences to improve the performance of online platforms? Robizon has studied this question in two settings: when monetary incentives are missing (an online gaming platform) and when monetary incentives are present (an online gambling platform). His work suggests that heterogeneity among users is an essential consideration in designing better online platforms; that is, a policy benefiting one type of user might harm the other. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

For much of the late 20th century, Japanese business historians were core contributors to the global field. They published, collaborated, and shaped debates. But something shifted after 2000. Their international visibility - and participation in emerging theoretical conversations - declined. In Japan and the Great Divergence in Business History (Donzé & Umemura, 2025), the authors argue that this shift wasn't due to a lack of scholarship, but a misalignment of frameworks. While business history globally began integrating concepts from management studies, economic sociology, political economy, and comparative capitalism, Japanese scholarship largely remained anchored in the Chandlerian paradigm: rich, rigorous firm-level histories focused on organizational growth, strategies, and industrial evolution. The consequences of this growing distance are not trivial: Fewer Japanese scholars in international research networks Reduced presence in global journals and conferences Limited cross-pollination with adjacent disciplines Underrepresentation in key theoretical debates reshaping business history Donzé, P.-Y., & Umemura, M. (2025). Japan and the Great Divergence in Business History. Journal of Evolutionary Studies in Business. Link here Hosted by Paula de la Cruz-Fernández, on behalf of the Journal of Evolutionary Studies in Business. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here 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 Colleen Dunlavy, Emeritus Professor of History at University of Wisconsin-Madison, about her recent book, Small, Medium, Large: How Government Made the U.S. Into a Manufacturing Powerhouse. Small, Medium, Large examines the crucial role that the U.S. federal government played in rationalizing and diffusing industrial production standards, which over time greatly increased economies of scale and reduced the cost of both industrial and consumer goods. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Future of Employment in Africa: Demography, Labor Markets and Welfare explores the major trends that will define the face of the sub-Saharan continent in the next three decades. The near doubling of Africa's population by 2050 will lead to more than twenty million new job seekers entering the African labor market every year until then. Right now, Africa doesn't seem able to offer jobs to this many people, resulting in possible unrest and intra-African or intercontinental migration flows, including to Europe. Climate change creates additional migratory pressure as it threatens the future of agriculture and livestock. The author explores the opportunities for increased job creation in Africa. Fortunately, Africa has some major strengths. Africans excel in market-creating innovation: the ability to see market opportunities and innovations that others do not. Many Africans create their own jobs through micro and small enterprises. A young well-trained middle class, familiar with digital technologies, is emerging. Africa's abundant natural resources attract global powers like China aspiring to secure access to critical raw materials. The author challenges pessimistic message about the continent and provides an optimistic view of Africa's future. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In The Influence Economy: Decoding Supplier-Induced Demand (Oxford UP, 2025), Maxim Sytch reveals how professional services--consulting, marketing, banking, and legal firms--create demand for unnecessary and potentially harmful products and services. Such supplier-induced demand can take many forms, including superfluous reorganizations, frivolous lawsuits, and ill-conceived acquisitions. These actions may not only fail to produce positive outcomes but can also inflict detrimental consequences on the buying organization, from squandering valuable resources and demotivating the workforce to disrupting business operations and causing various operational, legal, and financial setbacks. Through empirical analyses and interviews with buyers and sellers of professional services, Sytch reveals the conditions under which supplier-induced demand is most likely to occur. The book argues that the conditions that give rise to supplier-induced demand are increasingly characteristic of today's broader knowledge-based economy Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

A series of market-related crises over the past two decades – financial, environmental, health, education, poverty – reinvigorated the debate about markets and social justice. Since then, counter-hegemonic movements all over the globe are attempting to redefine markets and the meaning of economic enterprise in people's daily lives. Assessments of market outcomes tend toward the polemical, with capitalists and socialists, globalization advocates and anti-globalization movements, those on the political right and those on the left, all facing off to argue the benefits or harms brought about by markets. Yet not enough attention has been paid to analyzing the conditions under which markets result in just outcomes.  Markets, Community and Just Infrastructures (Routledge, 2020) explores how culture, politics, and ideology help shape market incentives in an attempt to reclaim the language of economic rationality and the policymaking legitimacy that accompanies it. Through a variety of case studies – labor relations in the U.S. meatpacking industry, the globalization process in Juaìrez, Mexico, financial reform in Cuba, and an interfaith Ugandan coffee cooperative – this book provides a framework for understanding the conditions under which markets promote just or unjust outcomes (e.g., discrimination, income inequality, environmental degradation, or racial justice, human rights, and equitable growth).  This book touches on subject matter as varied as food, religion, banking, and race and gender equality, from a multi-disciplinary perspective. It offers an analysis of markets based on community rather than pure individualism that has the potential to change the way we think about economic rationality. An accessible and compelling read, this book will appeal to students and scholars in political science, economics, sociology, geography, gender studies, critical race studies, environmental studies, and all those interested in the critique of mainstream economics and neoliberal logic. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

An ecologist in California claimed that the iron laws of nature locked humanity into destroying our environment. This meant that we must take drastic measures to rein in unfettered capitalism and the American habit of overconsumption, lest we deplete our common resources. That argument made Garrett Hardin one of the most influential and celebrated environmentalists to ever live. Yet, he had a tragic view of the world that turned his green dream into a green nightmare. This is the final episode of Cited Podcast's new season, Green Dreams. Green Dreams tells stories of radical environmental thinkers and their dreams for our green future. Should we make those dreams reality, or are they actually nightmares? For the rest of the episodes, visit the series page, and subscribe today (Apple, Spotify, RSS). There were a number of works that we pulled from to help us understand this story. If you want to learn more about conservative ecological thought, the population panic, and related themes, we recommend that you read: by Richard Hames and Alex Roberts, The Rise of Eco-Fascism: Climate Change and the Far Right; from Jason Oakes, Garret Hardin's Tragic Sense of Life, a short article on the the ecological models that influenced Hardin; and finally, Thomas Robertson's excellent survey of the population panic of the mid-60s to late-70s, The Malthusian Moment: Global Population Growth and the Birth of American Environmentalism. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Over the last several decades, sources of income derived away from farms have come to play a much bigger role in rural Indonesian households. How do rural people in Indonesia engage with farming and social and economic spheres beyond their villages? What do their changing forms of engagement mean for land relations, sustainability, and the future of agrarian communities? Jeff Neilson's Fortress Farming: Agrarian Transitions, Livelihoods, and Coffee Value Chains in Indonesia (Cornell UP, 2025) offers an explanation that centers on a defensive livelihood strategy observed among, in particular, coffee producing smallholders. This livelihood strategy, understood as “fortress farming”, is undertaken by smallholder households that are reluctant to maximize production despite their engagement with major coffee roasting companies. Instead, they maintain their small farms to defend themselves from insecurity while pursuing sources of wealth off farm. The book considers the implications of fortress farming for broader structural reforms and illuminates how social institutions shape forms of capitalist agriculture. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

R. Jisung Park is assistant professor at the University of Pennsylvania, where he holds appointments in the School of Social Policy and Practice and the Wharton School of Business.It's hard not to feel anxious about the problem of climate change, especially if we think of it as an impending planetary catastrophe. In Slow Burn: The Hidden Costs of a Warming World (Princeton UP, 2025), R. Jisung Park encourages us to view climate change through a different lens: one that focuses less on the possibility of mass climate extinction in a theoretical future, and more on the everyday implications of climate change here and now.Drawing on a wealth of new data and cutting-edge economics, Park shows how climate change headlines often miss some of the most important costs. When wildfires blaze, what happens to people downwind of the smoke? When natural disasters destroy buildings and bridges, what happens to educational outcomes? Park explains how climate change operates as the silent accumulation of a thousand tiny conflagrations: imperceptibly elevated health risks spread across billions of people; pennies off the dollar of productivity; fewer opportunities for upward mobility.By investigating how the physical phenomenon of climate change interacts with social and economic institutions, Park illustrates how climate change already affects everyone, and may act as an amplifier of inequality. Wealthier households and corporations may adapt quickly, but, without targeted interventions, less advantaged communities may not.Viewing climate change as a slow and unequal burn comes with an important silver lining. It puts dollars and cents behind the case for aggressive emissions cuts and helps identify concrete steps that can be taken to better manage its adverse effects. We can begin to overcome our climate anxiety, Park shows us, when we begin to tackle these problems locally. This interview was conducted by Dr. Hannah Pool, a senior researcher at the Max Planck Institute for the Studies of Societies. Her research focuses on human mobilities and her new book has just been published (2025, Oxford 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

Food consumers are demanding a healthier and more sustainable food system. Yet labor is rarely part of the discussion. In Will Work for Food: Labor Across the Food Chain (U California Press, 2025), Laura-Anne Minkoff-Zern and Teresa Mares chronicle labor across the food chain, connecting the entire food system--from fields to stores, restaurants, home kitchens, and even garbage dumps. Using a political economy framework, the authors argue that improving labor standards and building solidarity among frontline workers across sectors is necessary for creating a more just food system. What would it take, they ask, to move toward a food system that is devoid of human exploitation? Combining insights from food systems and labor justice scholarship with actionable recommendations for policy makers, the book is a call to action for labor activists, food studies students and scholars, and anyone interested in food justice. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In No Standard Oil: Managing Abundant Petroleum in a Warming World (Oxford University Press, 2021), Deborah Gordon shows that no two oils or gases are environmentally alike. Each has a distinct, quantifiable climate impact. While all oils and gases pollute, some are much worse for the climate than others. In clear, accessible language, Gordon explains the results of the Oil Climate Index Plus Gas (OCI+), an innovative, open-source model that estimates global oil and gas emissions. Gordon identifies the oils and gases from every region of the globe–– along with the specific production, processing, and refining activities–– that are the most harmful to the planet, and proposes innovative solutions to reduce their climate footprints. Global climate stabilization cannot afford to wait for oil and gas to run out. No Standard Oil shows how we can take immediate, practical steps to cut greenhouse gas emissions in the crucial oil and gas sector while making sustainable progress in transitioning to a carbon-free energy future. Deborah Gordon is a senior principal in the Climate Intelligence Program at RMI where she leads the Oil and Gas Solutions Initiative. Gordon also serves as a senior fellow at the Watson Institute for International and Public Affairs at Brown University and the principal investigator for the Oil Climate Project. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Dr. Lily Hseuh is trained as an economist and public policy scholar, and is an associate professor in Economics and Public Policy in the School of Public Affairs, at Arizona State University. Her research bridges the fields of economics, public policy, and management to investigate how the environment and the global commons are managed and the ways in which behaviors of firms and organizations are shaped by multiple forces from markets to government policies. During her tenure at ASU, she has been a two-time recipient of the Distinguished Teaching Award, as well as receiving the Professor of Impact award Her work been featured in major news outlets, including the Financial Times, Fortune, and PBS News Hour, and recently, she was awarded an American Fellowship by the American Association of University Women. She earned her PhD in Public Policy and Management from the University of Washington, and before her just published book, she has been asked to contribute a chapter to a number of other publications and has over 20 peer-reviewed articles in such areas as:  Private And Public Interactions And Global Climate Change, Rights-Based Management And Ocean And Marine Resources, Sustainability And State And Local Governments, Participatory Governance And Social Equity Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Most economists believe that growth is the surest path to better lives. This has proven to be one of humanity's most powerful and dangerous ideas. It shapes policy across the globe, but it fatally undermines the natural ecosystems necessary to sustain human life. How did we get here and what might be next?In The Invention of Infinite Growth: How Economists Forgot About the Natural World (Simon and Schuster, 2025), environmental historian Christopher F. Jones takes us through two hundred and fifty years of economic thinking to examine the ideal of growth, its powerful influence, and the crippling burdens many decisions made in its name have placed on us all. Jones argues that the pursuit of growth has never reflected its costs, because economists downplay environmental degradation. What's worse, skyrocketing inequality and diminishing improvements in most people's well-being mean growth too often delivers too little for too many. Jones urges economists to engage more broadly with other ways of thinking, as well as with citizens and governments to recognize and slow infinite growth's impact on the real world. Both accessible and eye-opening, The Invention of Infinite Growth offers hope for the future. Humans have not always believed that economic growth could or should continue, and so it is possible for us to change course. We can still create new ideas about how to promote environmental sustainability, human welfare, and even responsible growth, without killing the planet and ourselves. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Investing in funds is not straightforward. We are faced with a countless range of options and constantly distracted by meaningless noise and turbulent markets. To make matters worse, our flawed beliefs and behavioural biases lead to repeated and costly mistakes, such as a damaging obsession with past performance and a dangerous attraction to thematic funds. There is a solution―a more intelligent way to invest in funds. In The Intelligent Fund Investor: Practical Steps for Better Results in Active and Passive Funds (Harriman House, 2022), experienced portfolio manager and behavioural finance expert Joe Wiggins brings simplicity and clarity to fund investing. Each chapter of this fascinating and highly readable book focuses on a vital element of investing in funds―exploring how and why investors can get it badly wrong, and providing direct, actionable steps for better results. Joe reveals: why we should avoid investing with star managers; how to decide between active and passive funds; why we should beware of smooth performance and captivating stories; why risk is far more than just volatility; the importance of a long time horizon; and much, much more. Using a combination of stories, empirical evidence and experience, Joe gives all fund investors―active and passive―what they need to reassess their beliefs, understand their biases, and make better investment decisions. John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Statistics are everywhere: in news reports, at the doctor's office, and in every sort of forecast, from the stock market to the weather. Blogger, teacher, and computer scientist Allen B. Downey knows well that people have an innate ability both to understand statistics and to be fooled by them. As he makes clear in this accessible introduction to statistical thinking, the stakes are big. Simple misunderstandings have led to incorrect medical prognoses, underestimated the likelihood of large earthquakes, hindered social justice efforts, and resulted in dubious policy decisions. There are right and wrong ways to look at numbers, and Downey will help you see which are which. Probably Overthinking It: How to Use Data to Answer Questions, Avoid Statistical Traps, and Make Better Decisions (University of Chicago Press, 2023) uses real data to delve into real examples with real consequences, drawing on cases from health campaigns, political movements, chess rankings, and more. He lays out common pitfalls--like the base rate fallacy, length-biased sampling, and Simpson's paradox--and shines a light on what we learn when we interpret data correctly, and what goes wrong when we don't. Using data visualizations instead of equations, he builds understanding from the basics to help you recognize errors, whether in your own thinking or in media reports. Even if you have never studied statistics--or if you have and forgot everything you learned--this book will offer new insight into the methods and measurements that help us understand the world. Allen B. Downey is a curriculum designer at the online learning company Brilliant and professor emeritus of computer science at Olin College. Gregory McNiff is a Managing Director in the New York office of the Blueshirt Group, an IR firm focused on technology. Greg holds an MBA from the University of Chicago Booth School of Business, an M. Litt. in Shakespeare Studies from the University of St. Andrews and a B.A. in Classical Languages from Columbia University. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How debt and speculation financed the suburban American dream and led to today's inequalities In the popular imagination, the suburbs are synonymous with the “American Dream” of upward mobility and economic security. After World War II, white families rushed into newly built suburbs, where they accumulated wealth through homeownership and enjoyed access to superior public schools. In this revelatory new account of postwar suburbanization, historian Michael R. Glass exposes the myth of uniform suburban prosperity. Focusing on the archetypal suburbs of Long Island, Cracked Foundations: Debt and Inequality in Suburban America (U Pennsylvania Press, 2025) uncovers a hidden landscape of debt and speculation. Glass shows how suburbanites were not guaranteed decent housing and high-quality education but instead had to obtain these necessities in the marketplace using home mortgages and municipal bonds. These debt instruments created financial strains for families, distributed resources unevenly across suburbs, and codified racial segregation. Most important, debt transformed housing and education into commodities, turning homes and schools into engines of capital accumulation. The resulting pressures made life increasingly precarious, even for those privileged suburbanites who resided in all-white communities. For people of color denied the same privileges, suburbs became places where predatory loans extracted wealth and credit rating agencies punished children in the poorest school districts. Long Islanders challenged these inequalities over several decades, demanding affordable housing, school desegregation, tax equity, and school-funding equalization. Yet the unequal circumstances created by the mortgages and bonds remain very much in place, even today. Cracked Foundations not only transforms our understanding of housing, education, and inequality but also highlights how contemporary issues like the affordable housing crisis and school segregation have their origins in the postwar golden age of capitalism. Guest: Michael Glass (he/him) is a political and urban historian of the twentieth-century United States, with research and teaching interests in racism, capitalism, and inequality. Michael is an Assistant Professor of History at Boston College. Host: Jenna Pittman (she/her), a Ph.D. student in the Department of History at Duke University. She studies modern European history, political economy, and Germany from 1945-1990. Scholars@Duke: here Linktree: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States' unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country's geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. This book also features a history of the Federal Reserve. Richard Duncan has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century. Caleb Zakarin is the Assistant 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

A cutting-edge volume on current trends in sex work, from sugar relationships and cyber brothels to financial domination, sex worker activism, and feminist porn Sex is for sale in more ways than ever. It can be bought and sold online, in sex clubs, on the street, and around the world. As with many industries, discrimination, exploitation, and inequality persist in sex work. Yet it also offers autonomy, job satisfaction, and even pleasurable experiences for those involved. Sex Work Today: Erotic Labor in the Twenty-First Century by Dr. Bernadette Barton, Dr. Barbara G. Brents, and Dr. Angela N. Jones explores these contradictions, offering an intimate look at the benefits and challenges of sex work across geographic contexts. Featuring thirty-one original essays by sex workers, advocates, researchers, and activists, Sex Work Today is the first compilation of research on new forms of digital sex such as camming, sugar dating, and AI sex dolls. Providing a lens to understand contemporary labor dynamics and the nature of sex work itself, this collection captures formerly ignored aspects of the sex industry including: fatphobia and disability; transmasculine and nonbinary sex workers; racialized emotional labor in the digital sex industry; high job satisfaction among professional dominatrixes; and sex worker scholars. With federal policies ostensibly aimed at combating sex trafficking–affecting all sex workers–understanding this industry is more vital than ever. Decentering Western, white, cisgender voices, Sex Work Today underscores the global repercussions of these misaligned policies, which make sex work more challenging and less safe, and provides valuable insights for those seeking to shape policies, challenge prejudices, and foster a safer and more equitable world for all. Michael O. Johnston, Ph.D. is a Assistant Professor of Sociology at William Penn University. He is the author of The Social Construction of a Cultural Spectacle: Floatzilla (Lexington Books, 2023) and Community Media Representations of Place and Identity at Tug Fest: Reconstructing the Mississippi River (Lexington Books, 2022). His general area of study is at the intersection of space, behavior, and identity. He is currently conducting research about: escape rooms, the use of urban design in downtown historical neighborhoods of rural communities, and what it means for college students to belong in college and university. To learn more about Michael O. Johnston you can go to his personal website, Google Scholar, Bluesky (@professorjohnst.bsky.social), Twitter (@ProfessorJohnst), or by email (johnstonmo@wmpenn.edu). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Since the Reagan era, conservatives in the United States have championed cutting taxes, especially for wealthy individuals and corporations, as the best way to achieve economic prosperity. In his new book, Pay Up!: Conservative Myths about Tax Cuts for the Rich (Cambridge UP, 2025) John L. Campbell shows that while these claims are highly influential, they are also wrong. Using historical and cross-national evidence, the book challenges and refutes every justification conservatives have made for tax cuts - that American taxes are too high; they hurt the economy; they facilitate government waste; they constitute an unfair downward redistribution of income; and they threaten individual freedom - and conversely shows that countries can actually benefit from higher taxes, especially when tax increases fall most heavily on those most able to pay them. Through clear prose and a well-reasoned argument, Campbell's book provides an accessible, engaging, and much-needed perspective on the role of taxes in American society. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

We live in an age of increasing complexity--an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed. Many books have been written about J. Doyne Farmer and his work, but Making Sense of Chaos (Yale UP, 2024) is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society. Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions--to better address the hard problems facing the world. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

“The acme of skill,” Sun Tzu wrote in The Art of War, is not “to win one hundred victories in one hundred battles,” but “to subdue the enemy without fighting.” The author of Chokepoints: American Power in the Age of Economic Warfare (Portfolio, 2025) has devoted much of his career to exploring how economic power can advance this goal. He served on the teams at the U.S. State Department that designed and negotiated Western sanctions against Russia after its 2014 annexation of Crimea, and whose economic pressure campaign against Iran led to a landmark nuclear deal in 2015. Economic warfare is how America fights its most important geopolitical battles today. From thwarting Iran's pursuit of nuclear weapons to checking Russian imperialism and China's bid for world mastery, the United States has reached into its economic arsenal to get the job done. In the process, the world economy has become a battlefield. Its weapons take the form of sanctions, export controls, and investment restrictions. Its commanders are not generals and admirals but lawyers, diplomats, and economists. Its foot soldiers are not brave men and women who volunteer for military service but business executives who seek to maximize profits yet often find they have no option other than to obey Washington's marching orders. And America's strength in these battles stems not from its gargantuan defense budget but from its primacy in international finance and technology. This book is about this kind of war. It blends research, analysis, and extensive interviews with more than one hundred of the key players in the events described, highlighting inflection points, interpreting their significance, and pulling back the curtain on the places where economic wars have been fought. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Today I had the pleasure of talking to Professor Xiang Biao on his new book, Self as Method: Thinking Through China and the World, which was originally written and published in Chinese. The English translation has just come out with Palgrave Macmillan. Self as Method provides a manifesto of intellectual activism that counsels China's young people to think by themselves and for themselves. Consisting of three conversations between Xiang Biao, a social anthropologist, and Wu Qi, a rising journalist, the book probes how China has reached its current stage and how young people can make changes. The Chinese version, 把自己作为方法, was named the “most impactful book of 2021” by Dou4ban4, China's premier website for rating books, films, and music. The English version, which is entirely Open Access and downloadable for free, was translated by David Ownby. The book reached 157,000 downloads in just over a couple of months. Dr. Suvi Rautio is an anthropologist of China. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Investable! When Pandemic Risk Meets Speculative Finance (MIT Press, 2025) by Dr. Susan Erikson presents a critical and sobering look at how international bankers and investors turn pandemics into investment opportunities, and what we stand to lose when we rely on “innovative finance.” In a world increasingly defined by crisis, bankers and investors behind the scenes turn catastrophes like pandemics into financial securities that can be bought and sold. Offering new insights into how the excesses of capitalism shape pandemic preparedness, Investable! is an ethnography of World Bank bonds designed to solve a big-ticket global health problem by getting international investors to gamble on future crises. In this first book-length treatment of pandemic bonds, award-winning medical anthropologist Dr. Erikson explains how we got here and asks who should hold the responsibility for the terrible things that happen to people, at a time when pandemics are turned into casinos.Dr. Erikson, who traveled over 300,000 miles conducting research for the book, takes readers from the red clay roads of West Africa to the concrete sidewalks of New York City and London's financial districts, telling the stories of the people, the special interests, and the logics of pandemic bonds. Original, insightful, and extremely timely, Dr. Erikson's lively interdisciplinary exploration tells readers in powerful, vibrant prose about the pitfalls of contemporary global health finance “solutions.” Written for a smart general audience concerned about capitalism's effect on human health, Investable! will appeal to financiers; politicians; economists; people working in global development, health care, and international affairs; and anyone who wants to better understand how capitalism affects how we care for one another in times of crisis. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

This is the second episode of Cited Podcast's new season, Green Dreams. Green Dreams tells stories of radical environmental thinkers and their dreams for our green future. Should we make those dreams reality, or are they actually nightmares? For the rest of the episodes, visit the series page, and subscribe today (Apple, Spotify, RSS). An Albertan oil man and a socialist policy wonk from Saskatchewan banded together to think up “eco-development,” a precursor to today's sustainable development. This unlikely duo forged a global consensus at the United Nations, effectively codifying the reigning orthodoxy of liberal environmental governance. They told us that capitalism and sustainability are indeed compatible. Might that be the most utopian of all green dreams? Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Crusading for Globalization: US Multinationals and Their Opponents Since 1945 (University of Pennsylvania Press, 2025) tells the story of an extraordinarily influential group of business executives at the helms of the largest US multinational corporations and their quest to drive globalization forward over the last eight decades. Janick Marina Schaufelbuehl argues that the spectacular expansion of international investment, trade, and production after 1945 cannot be understood without considering the role played by these corporate globalizers and the organization they created, the US Council (today's United States Council for International Business). By shaping governmental policy through their congressional lobbying and close connections to successive presidential administrations, US Council members, including executives from General Electric, Coca Cola, and IBM, among others, consistently fought for ever more market deregulation, culminating in the creation of the World Trade Organization in 1995. Crusading for Globalization is also a book about those who opposed the growing might of multinationals. In the years immediately after World War II, resistance came from business protectionists, before labor and policymakers from the Global South joined the effort in the early 1970s. Schaufelbuehl breaks new ground by offering a panorama of this early anti-globalization movement, and by showing how the leaders of multinationals organized to limit its political influence. She also examines continuities between this early movement and the opposition to globalization that emerged at the beginning of the twenty-first century from the left and the populist right and discusses how business responded by promoting corporate social responsibility and voluntary guidelines.The first book to shed light on what caused corporate executives to pursue a pro-globalization agenda and to examine their methods for dealing with their opponents, Crusading for Globalization reveals the historical roots of today's disparities in wealth and income distribution. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why Americans favor progressive taxation in principle but not in practice Most Americans support progressive taxation in principle, and want the rich to pay more. But the specific tax policies that most favor are more regressive than progressive. What is behind such a disconnect? In Taxation and Resentment: Race, Party, and Class in American Tax Attitudes (Princeton UP, 2025), Andrea Louise Campbell examines public opinion on taxation, exploring why what Americans favor in principle differs from what they accept in practice. Campbell shows that since the federal income tax began a century ago, the rich have fought for lower taxes through reduced rates and a complicated system of tax breaks. The resulting complexity leaves the public confused about who benefits from the convoluted tax code, and leads to tax preferences that are driven by factors other than principles or interests. Campbell argues that tax attitudes vary little by income, or by party, as some Democrats, more Republicans, and even more independents want most taxes decreased. Instead, white opinion on nearly every tax is racialized. Many do not realize the rich benefit the most from tax breaks, attitudes toward which are racialized, too. And among Black and Hispanic Americans, long subject to government coercion, greater support for government spending is not matched by greater support for taxation. Everyone has a reason to dislike taxes, which helps antitax Republicans win votes--and helps the rich in their long campaign to get their own taxes reduced and undermine progressivity. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The triumphant globalization that began in the 1990s has given way to a world riven by conflict, populism, and economic nationalism. In The World's Worst Bet: How the Globalization Gamble Went Wrong (And What Would Make It Right), (PublicAffairs, 2025) David J. Lynch offers a trenchant, fast-paced narrative of the rise and fall of the greatest engine of prosperity the world has ever known. Lynch explains what went right, what went wrong, and what needs to change to preserve the benefits of global integration and to build prosperity for all Americans. Lynch brings a deep understanding of the forces affecting Americans' lives to his portrayal of a fascinating cast of characters: presidents and policymakers; factory workers whose anger over lost jobs reshaped a nation's politics; and the anti-globalization warriors of the right and left. Their stories show how the United States made a bad bet on globalization, gambling that it could enjoy its benefits while ignoring its costs: dislocated workers, vulnerable supply chains, and the rise of a powerful rival. With trillions of dollars now at stake, The World's Worst Bet explains the failings of the past and offers an insightful guide to the opportunities of the future. David J. Lynch is the global economics correspondent of the Washington Post. The recipient of the National Press Foundation's Hinrich Award for Distinguished Reporting on Trade in 2021, Lynch has reported from more than sixty countries for the Post and earlier in his career with the Financial Times of London, Bloomberg News, and USA Today. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Inequality in the workplace impacts all areas of our lives, from health and self-development to economic security and family life. But, despite the world's richest countries' long-avowed commitments to gender equality, there is still so much to fix - and so much we don't see.With perceptive and razor-sharp insight, in Patriarchy Inc.: What We Get Wrong About Gender Equality – and Why Men Still Win at Work (W.W. Norton, 2025) award-winning author Cordelia Fine reveals how the status quo - Patriarchy Inc. - is harming us all, in our working lives and beyond. Drawing on social and cultural history, examples from hunter-forager societies to high finance and the latest thinking in evolutionary science, she dismantles the existing, inadequate visions for gender equality and charts an inspiring path towards a fairer and freer society Cordelia Fine is a Canadian-born British philosopher of science, psychologist, and writer. She is a full professor in the History and Philosophy of Science programme at the University of Melbourne, Australia. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel here  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why do Americans eat so much beef? In Red Meat Republic: A Hoof-to-Table History of How Beef Changed America (Princeton University Press, 2019), the historian Joshua Specht provides a history that shows how our diets and consumer choices remain rooted in nineteenth century enterprises. A century and half ago, he writes, the colonialism and appropriation of indigenous lands enabled the expansion of western ranch outfits. These corporate ranchers controlled loose commodity chains, until powerful corporate meat packers in Chicago seized the economic order through the tools of modern capitalism (scientific management, standardization, labor suppression). These capitalists expanded the supply chains to far-flung consumers in New York and around the globe. But as meat became a staple of the American diet, and measure of progress, consumers cared more about the price and taste than the violence to people, animals, and environment behind the scenes. “America made modern beef” Specht writes, “at the same time that beef made America modern.” Ryan Driskell Tate is a Ph.D. candidate in American history at Rutgers University. He is completing a book on fossil-fuels and energy development in the American West. He teaches courses on modern US history, environmental history, and histories of labor and capitalism. @rydriskelltate Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

For this episode of Liminal Library, I interviewed Dan Davies about The Unaccountability Machine: Why Big Systems Make Terrible Decisions—and How the World Lost Its Mind (U Chicago Press, 2025). Davies examines how we've systematically engineered responsibility out of our institutions, creating a world where major decisions happen without clear human accountability. Davies draws on Stafford Beer's cybernetics to explain how modern organizations function as systems with their own patterns and responses. As he puts it, "the system is not conscious and so does not have incentives, but it has consistent patterns of response to stimuli." This isn't about individual moral failures – it's about the industrialization of decision-making itself. We've moved from Harry Truman's "The Buck Stops Here" to complex processes and standardized criteria that diffuse responsibility across multiple layers. When things go wrong – financial crises, environmental failures, social breakdowns – no single person can be held accountable because no single person actually made the decision. Davies traces this transformation through three revolutions: the managerial revolution that shifted control from owners to professional administrators, the cybernetic revolution that offered tools to understand these systems but never fully materialized, and the neoliberal revolution that reshaped society while ignoring that increasingly, systems rather than people make the decisions affecting our lives. These accountability machines, as Davies calls them, operate according to their own logic and constraints. Understanding them is essential for grasping why institutional failures seem both inevitable and impossible to prevent within our current frameworks. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Law and Development: Theory and Practice, 2nd edition (Routledge, 2021) examines the theory and practice of law and development. It introduces the General Theory of Law and Development, an innovative approach which explains the mechanisms by which law impacts development. This book analyzes the process of economic development in South Korea, South Africa, and the United States from legal and institutional perspectives. The book also explains why the concept of "development" is not only relevant to developing countries but to developed economies as well. The new edition includes five new chapters addressing the relationships between law and economic development in several key areas, including property rights, political governance, business transactions, state industrial promotion, and international trade and development. This interview covers the main themes of this book, covers some of his papers, the relationship of his work to other scholars, and serves as a foundation for understanding Dr. Lee's work more broadly. His latest book, Sustainable Peace in Northeast Asia will be the subject of a second interview. Yong-Shik Lee is a scholar in law and development, and is currently Director of the Law and Development Institute and a Professor at West Virginia University. Dr. Lee graduated in economics from the University of California at Berkeley and received law degrees from the University of Cambridge. Previous books include Reclaiming Development in the World Trading System; Microtrade: A New System of Trade Toward Poverty Elimination; Law and Development Perspective on International Trade Law; and Safeguard Measures in World Trade: The Legal Analysis. His latest book, Sustainable Peace in Northeast Asia, was published by Anthem Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Russia's invasion of Ukraine in 2022 brought a tragic close to a thirty-year period of history that began with the collapse of the Soviet Union and the reopening of Russia to the West after six decades of Soviet isolation. The opening lasted for three tumultuous decades and ended with a new closing, driven by the Ukrainian war, the imposition of Western sanctions, and the Russian responses to them. In Perfect Storm: Russia's Failed Economic Opening, the Hurricane of War and Sanctions, and the Uncertain Future (Oxford University Press, 2025), Russia analyst Thane Gustafson reinterprets the story of Russia's failed opening to the West, focusing on its economic, technological, and social aspects, and the role they played in its ultimate failure. These parallel events are essential for understanding what happened and what went wrong. Yet they have received much less attention than the military and geopolitical aspects of the current conflict. Gustafson tells the story of the West's entry into Russia, the arrival of Russians into the West, and the conflicting emotions and responses these aroused on both sides, contributing to the ultimate breakdown of relations and the unprecedented hurricane of Western sanctions. The book concludes with an examination of possible futures under a new generation of leaders. A measured and nuanced account of the evolution of Russia's economic relations with the world, Perfect Storm illuminates the longer history of Russia's opening to the West, from its achievements and disappointments to the complexity of the post-invasion sanctions regime and Russia's responses to them. Thane Gustafson is Professor of Government at Georgetown University. He is the author of many books, including Klimat (2021), The Bridge (2020), and Wheel of Fortune (2012). 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

What does it mean to supervise a bank? And why does it matter who holds that power? In this episode, Sean H. Vanatta joins us to explore the hidden machinery behind American finance, as told in his new book Private Finance, Public Power: A History of Bank Supervision in America (Princeton UP, 2025), co-authored with Peter Conti-Brown. Spanning nearly 150 years, the book traces the evolution of bank supervision from a patchwork of state-level oversight to a complex, layered system involving federal agencies, private actors, and political discretion. Sean takes us from the wildcat banks of the 1830s to the rise of the Federal Reserve, through crises, reforms, and the quiet work of bank examiners who shaped the rules behind the scenes. We discuss why supervision differs from regulation, how discretion has become central to managing financial risk, and what the collapse of Silicon Valley Bank in 2023 reveals about the enduring tension between private profit and public responsibility. Along the way, Sean shares stories of forgotten institutions, colourful characters, and the surprising role of gender and civil rights in shaping financial oversight. Whether you're a policymaker, historian, or simply curious about how money and power interact, this conversation offers a fresh perspective on the institutions that quietly govern our financial lives. Tune in for a rich and engaging journey through the history and current state of banking politics.The interview on "Plastic Capitalism" is available here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Uncertainties are everywhere. Whether it's climate change, financial volatility, pandemic outbreaks or new technologies, we don't know what the future will hold. For many contemporary challenges, navigating uncertainty – where we cannot predict what may happen – is essential and, as the book explores, this is much more than just managing risk. But how is this done, and what can we learn from different contexts about responding to and living with uncertainty? Indeed, what might it mean to live from uncertainty? Drawing on experiences from across the world, the chapters in Navigating Uncertainty: Radical Rethinking for a Turbulent World (Polity, 2024) explore finance and banking, technology regulation, critical infrastructures, pandemics, natural disasters and climate change. Each chapter contrasts an approach centred on risk and control, where we assume we know about and can manage the future, with one that is more flexible, responding to uncertainty.The book argues that we need to adjust our modernist, controlling view and to develop new approaches, including some reclaimed and adapted from previous times or different cultures. This requires a radical rethinking of policies, institutions and practices for successfully navigating uncertainties in an increasingly turbulent world. Ian Scoones is a Professorial Fellow at the Institute of Development Studies, University of Sussex Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel here  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics