New Books in Economics

How can we achieve lasting social and political equality for women? Dr. Leda Pérez tackles this thorny question in Searching for Democracy: Women, Domestic Work, and Social Reproduction in Latin America (Temple University Press, 2026) by interrogating egalitarianism in Latin America, where nearly 20% of women work in domestic service. She examines how women's participation in society, labor, and politics continues to be conditioned by their relationship to domestic and care work. Dr. Pérez argues that women's relationship to these spheres of life is indicative of a nation's development and democracy. She provides a comparative focus on the socio-cultural valuation of this labor and the experiences of women in Bolivia, Chile, Peru, and Uruguay, among other countries. Pérez asserts that it is only by changing sociocultural views on this “women's work” that nations can create political change, foster equitable legislation, and ensure implementation of effective policies that benefit women. Searching for Democracy shows why real and lasting equality cannot be achieved without fully enfranchising women in the lowest tiers of employment and closing the equality gap among women. Dr. Pérez's models for gender equality are relevant for women around the world. 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.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“The general thrust of capitalist policy in this period aims at the intensified imposition of work in response to ongoing struggle against it.” —Harry Cleaver, “Work Is Still the Central Issue: New Words for New Worlds,” in Points of Departure, ed. Robert Ovetz and Kevin Van Meter, p. 35. What changes if we begin the history of capitalism not with what capital does to workers, but with what workers force capital to do? This reversal helps set Harry Cleaver's approach to Marxism apart from more traditional accounts of capitalism and labor. In Points of Departure: Refusal of Work and the Crisis of Capitalism, editors Robert Ovetz and Kevin Van Meter bring together Cleaver's writings from several decades, including hard-to-find and previously untranslated work. The first volume in Common Notions' new Class Compositions series presents Cleaver's work not simply as theory, but as a practical way of making sense of everyday struggles from the worker's standpoint. The refusal of work, unwaged labor, class composition, capitalist crisis, and self-valorization take on renewed significance amid contemporary struggles over work and organization. Greek and Turkish translations are also in the works. Listeners may know Cleaver from his landmark 1979 book Reading Capital Politically. For more than five decades, he has helped develop what became known as autonomist Marxism, an approach that places working-class self-activity at the center of its analysis. In this interview Ovetz and Van Meter discuss the traditions from which his work emerged, and what they hope a new generation of readers might do with it in their search for alternatives. Although more conventional accounts of political economy often begin with companies restructuring workplaces, introducing new technologies, moving investment, or tightening workplace discipline. Cleaver instead, turns the perspective around by asking what forms of worker resistance may have compelled capital to make those changes in the first place. That reversal in turn raises questions the editors grapple with, such as: How do everyday acts of resistance become collective power? How can we demonstrate that corporate restructuring is actually a response to worker resistance, and what might other approaches add to or supplement Cleaver's inversion of class perspective? And when workers create organizations of their own, how can those institutions preserve autonomy without hardening into less responsive bureaucracies? Drawing on concepts like workers' inquiry, workplace cooperation, self-valorization, cooperatives, as well as the significance of Zapatistas, we consider what it means to move beyond refusing existing forms of work toward creating new forms of collective life.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Brought to you by the BISA Environment and Climate Politics Working Group. Decolonizing Environmentalism: Alternative Visions and Practices of Environmental Action (Bloomsbury, 2024) helps us reimagine our approach to environmental stewardship critically interrogating the problems associated with existing legacies of environmentalism and how we imagine other ways to addressing the multiple planetary crises. The authors cast a critical eye on wealthy and influential environmental groups that committed to anti-racist strategies in the wake of the racial awakening of 2020. Yet, they continue to embrace false solutions like carbon markets and biodiversity offsets, which carry deeply racialized consequences. By tracing the roots of these misplaced priorities to detrimental modernity steeped in colonialism and capitalism, the authors call for transformational changes in human-nature relationships. They distill lessons from the divestment movement, which has questioned the fossil fuel industry's moral standing, and food sovereignty activists, who have mobilized global civil society to hold agribusiness corporations accountable. In these extraordinary times, Decolonizing Environmentalism invites readers to embark on a transformative journey to embrace anti-racist, emancipatory, and regenerative approaches to environmentalism. Prakash Kashwan is an educator, author, and scholar, whose work cuts across the fields of climate governance, environmental and climate justice, and international affairs. Currently, he is an Associate Professor of Environmental Studies at Brandeis University. He also holds faculty affiliations with the Heller School of Social Policy & Management, and Politics Department at Brandeis. Before moving to Brandeis, he was a tenured Associate Professor of Political Science at the University of Connecticut and Co-directed the Economic and Social Rights Research Program at UConn's Human Rights Institute. Pauline Heinrichs is a Lecturer in War Studies (Climate and Energy) at King's College London. Her research focuses on global environmental politics with a particular focus on climate and energy security, climate justice grievances, international orders and questions concerning security and existential risks in a warming world. She co-directs the Centre for Integrated Research in Risk and Resilience (CIRRR) and the Environmental Security Research Group. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It is quite easy to find corruption within nonprofits. This is particularly the case in the subsector of not-for-profits that are incorporated as traditional 501(c)(3) entities. With the continuing erosion of public confidence in charities, these institutions must act now, both individually and collectively, to bolster trust and ensure public support for nonprofits that has been a hallmark of American democracy. This book explores the causes of malfeasance in the nonprofit realm. It examines how the current inadequate regulatory environment—together with inherent “agency” problems―can lead organizations astray as they turn away from fulfilling donor wishes to instead act in their own self-interest. The book highlights the distinction between “soft corruption” in the nonprofit sector and “hard corruption.” The former includes the misuse of donor funds that do not cross the line into illegality and the latter covers explicitly illegal misappropriation of contributions. In Foul Play in the Nonprofit Sector: Analyzing Corruption in US Charities (Palgrave Macmillan, 2024), economist Mark S. LeClair provides constructive overviews regarding charity evaluation. Is it truly fair to judge nonprofits on their financials? The financial figures so frequently dictate the value of a nonprofit, and this often isn't the best way to judge a charity's performance. The manuscript includes suggestions for internal sectoral changes and regulatory reforms that can deter corruption at nonprofits.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Why have Finland's biggest multinationals teamed up to create a globally unique analysis hub just to decode the future of China? Meet the analysts who are nurturing the next generation of Finnish expertise to bridge the gap between Nordic business and Chinese policy. In this episode, Julie Yu-Wen Chen at the University of Helsinki talks to Kevin Broady, Marleena Makkonen and Anton Karppanen, three analysts from the China Office of Finnish Industries to understand their mission. The China Office of Finnish Industries acts as a unique nonprofit designed to assist Finnish multinational corporations in navigating the complex geopolitical and economic landscape of the People's Republic of China. Established in 2022, the organization provides deep strategic analysis on shifting Chinese industrial policies, labor market trends, and the inherent risks of doing business in an increasingly politicized global market. Their work focuses on helping companies understand growing political complexities amid trade tensions while adapting to China's growing influence on international trade. The office is also dedicated to nurturing the next generation of Finnish China analysts through a specialized trainee program for university students. By bridging the gap between academic expertise and corporate decision-making, the team fosters a more sophisticated understanding of how Chinese domestic developments impact Nordic prosperity. Julie Yu‑Wen Chen is Professor of Chinese Studies and Director of the Master's Programme in Area and Cultural Studies at the University of Helsinki in Finland. Her new book, Global Knowledge Production about China, explores how the practice of “China‑watching” has evolved over the decades. The book is freely accessible online. The Nordic Asia Podcast is a collaboration sharing expertise on Asia across the Nordic region, brought to you by the following academic partners: Asia Centre, University of Tartu (Estonia), Asian studies, University of Helsinki (Finland), Centre for Asian Studies, Vytautas Magnus University (Lithuania), Centre for East Asian Studies, University of Turku (Finland), Centre for East and South-East Asian Studies, Lund University (Sweden) and Centre for South Asian Democracy, University of Oslo (Norway). We aim to produce timely, topical and well-edited discussions of new research and developments about Asia.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In our recent conversation about Protecting Workers? Crisis, COVID-19 and South Asia, the editors Kanchana N. Ruwanpura and Wilfried Swenden reflect on the need to move beyond treating the pandemic as a singular, isolated shock. Our discussion reflected on the deeper mechanics of knowledge production, how we reflect on crisis beyond its immediate occurrence, how we conceptualize South Asia today, and the process of bringing such a dynamic volume together. A central theme was the necessity of examining crisis as a revealing, prolonged condition rather than a temporary disruption. The COVID-19 pandemic exposed pre-existing structural vulnerabilities across Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Theorizing through this moment meant examining how state strategies and worker realities collided when formal safety nets faltered, forcing us to rethink South Asia not merely as a fixed geographic region, but as a shared space of cascading socio-economic pressures and labor struggles. While this volume traces state policy and institutional shifts, the core strength of the volume lies in highlighting the resourcefulness and claim-making capacities of workers fighting for justice. Assembling these regional perspectives provides a critical blueprint for rethinking state-society relations, labor rights, and collective action in post-pandemic South Asia.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There is a widespread sense throughout the developed world that progress towards a better society has stalled. Many countries, including the UK, have experienced persistent economic stagnation accompanied by declining trust in institutions. Governments are struggling to respond not only to traditional economic problems but also to newer challenges posed by climate change, migration and technological change. Challenging Inequalities: How We Got Stuck and Where We Go Next (Princeton University Press, 2026), written by Paul Johnson and coauthors, drawing on the findings of the six-year IFS Deaton Review, connects these conditions to inequality—inequality not just of income and wealth but of health, political participation and opportunity. It not only offers a detailed analysis of the different forms of inequalities but also an in-depth consideration of why inequalities matter, how they have changed and what can, or should, be done about them. The book explains the enduring effects of early life experiences and education and examines the trends in employment and earnings over recent decades. It argues that economic stagnation since the financial crises of 2008–2009 has exposed inequalities originating in the 1980s. Not only have incomes stagnated, but so has progress towards reducing health inequalities and dealing with inequalities across gender, ethnicity, geography, age and educational level. The combination of earnings inequality and economic stagnation has led to the growing importance of wealth, the increasing concentration of economic power in an older generation and a decline in social mobility. Economic inequalities have also resulted directly in dangerous differences between regions and in political power across groups. The need to address inequality has never been more urgent. Challenging Inequalities offers a road map for how we have arrived at such a perilous spot—and how we can change course to achieve better outcomes for all. Paul Johnson is provost of the Queen's College, University of Oxford, and former director of the Institute for Fiscal Studies (IFS). He is the author of the Sunday Times bestseller Follow the Money. 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.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Can philanthropy be an anti-racist, feminist, relational, and joyful expression of solidarity? This book argues that it not only can be for the future we seek and for philanthropy to achieve its greatest impact, but it must be. Nationally recognized philanthropic leader Dimple Abichandani revolutionizes the precepts of modern philanthropy. Offering 10 provocative practice shifts, A New Era of Philanthropy: Ten Practices to Transform Wealth into a More Just and Sustainable Future (North Atlantic Books, 2025) engages readers with fresh answers to the question of how philanthropy can meet this high-stakes moment. This book picks up where key books like Decolonizing Wealth and Winners Take All leave off, offering a guide for donors, foundations, and non-profit leaders navigating philanthropy in urgent times. Clear-eyed, hopeful, and responsive to the moment, this book helps us reimagine the purpose and norms of modern philanthropy. It is an invitation to all of us who believe these resources can contribute to a more just future: start here.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chains of Command: The Rise and Cruel Reign of the Franchise Economy (University of Chicago Press, 2026) is a surprising look at the big business of owning small businesses and what America's franchise economy means for its workers. Walk into a McDonald's anywhere in the United States, and it will be identical to every other McDonald's in the country. Yet, that particular store is almost certainly owned and operated by an "independent" franchisee. While McDonald's presents an image of centralized uniformity to the consumer, it shows a different face to the small business owners operating its stores under its control and the workers preparing its product to its standards. How then does McDonald's—and its big business peers—manage to be two things at once? In this revelatory work, economist Brian Callaci shows how franchisors have altered the legal treatment of corporations in their favor through a decades-long crusade of lobbying and litigation. Their efforts subsequently unleashed a slew of legal and economic sins upon the US economy and labor force, allowing multinational corporations to control continent-spanning empires while outsourcing employment and scapegoating legal responsibilities onto small businesses. The result: the unfettered growth of some of America's most recognizable businesses, at the aggregate expense of America's workers. Remarkable in both its scale and synthesis, Callaci's story is the first chronicle of this business movement—initially resisted by US courts before experiencing a dramatic reversal of fortune after decades of campaigning by some of America's most established entrepreneurs. An urgent and erudite history, Chains of Command reveals how the US labor market was tamed one small business at a time. Brian Callaci is Campaigns Director at the Strategic Organizing Center, and previously served as Chief Economist at the Open Markets Institute. He researches and writes about market structure, antitrust law, and their relationship to worker and employer power. Anna Olteanu is a senior in the College of Social Studies at Wesleyan University, where she focuses on intellectual history. Her interests include political ecology, the history of economic thought, and literary criticism.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the 1970s, as women started to enter the labor force in unprecedented numbers, economists began to examine their roles as economic actors. The result was the rise of gender economics, now a major subfield with powerful data and new methods comparing the economic lives of men and women. Yet despite decades of progress, many of the most consequential questions about gender inequality remain unresolved. In How Economics Discovered Women: Bringing Gender Economics into the Twenty-First Century (U California Press, 2026), renowned economist and demographer Dr. Shelly Lundberg argues that the problem is not a lack of evidence but a failure to challenge entrenched economic models and outmoded assumptions about markets and gender that have limited what the field can explain. Why does occupational segregation persist? Why do "women's jobs" pay less? Why are men falling behind in education? And why do policies like paternity leave fail to change behavior? Drawing on more than five decades in the field and integrating insights from other social sciences, Dr. Lundberg explains signs of recent progress and charts a path toward a more realistic, socially grounded economics capable of meeting the challenges of gender inequality today. 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.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chinese investment in the United States has become an increasingly contentious issue that is much more complicated than headlines suggest. In this episode, we reflect on recent debates in Michigan's democratic primary and use it as a jumping-off point to examine more than 25 years of Chinese investment in the US and subnational relationships with Chinese business. We're joined by Emily Conrad, whose research examines Chinese manufacturing investment in the US. We discuss where investment is concentrated and how local governments interact with investments, with attitudes ranging from facilitation to passivity to obstruction. We also discuss how Chinese companies navigate the present environment and varied contexts across the US. As federal scrutiny has intensified and states have introduced new restrictions on foreign land ownership and investment, Chinese firms face mounting political and regulatory headwinds. Yet, investments have not disappeared, and companies are adapting, raising questions about how geopolitics is reshaping investment, manufacturing and subnational policies and politics in the US. Sign up for Emily's Substack Emily's book The Faithless?: The Untold Story of the Electoral College Analysis of State Attitudes towards Chinese investments over time from Conrad's research here Other resources from the episode: Rhodium Group's China cross-border monitor YouTube podcast with Abdul al-Sayed that mentions some about China: here Wall Street Journal article about the State Armor organization: here NPR podcast with one of the best overviews on Gotion:here More on Gotion: ‘No CCP in USA!': Inside a Michigan town's unhinged war over a Chinese battery plant A Chinese battery company bet on a small Michigan town for its U.S. expansion Michigan Democratic U.S. Senate primary debate audio used in this episode Tweet on the CCP by Sen. Elissa Slotkin Financial Times article, China's assault on Europe's car market has barely begun Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Does it seem like the business world is in its own version of an arms race to figure out AI? It's a moment when even a little wisdom, grounded in experience and expertise, provides relief. But how do you get that wisdom? If you're KPMG, you turn to your own secret weapon, Stephanie Kim, who leads Signals & Strategy, to combine the firm's intelligence AND the steady stream of data from the outside INTO a cogent worldview. Tracking, distilling, and interpreting signals has been Kim's focus for years. If this were a superhero movie, her code name would be The SYNTHESIZER. In our interview, she outlines the implications of how AI is changing and will change the world of business, neatly bundled into the firm's 2026 Frontiers Report. Its goal is to help leaders navigate uncertainty, identify opportunity, and make more informed decisions about growth, resilience, and competitive advantage. To hear a singular perspective on the forces driving transformation and the connections between them, tune into this episode and get ready for the future barreling toward us at warp speed. You can download the KPMG Frontiers Report here. Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops, and labs, check out Real-Transformation.com.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A bold critique of conventional economics that reveals why the time and money we devote to care work is vital to our economic future. Our economy is much bigger than the dollar value of things we buy and sell. It depends on us—our health, our creativity, and our moral commitments. These capabilities don't have price tags but are crucial to a sustainable future. We need to acknowledge and reward the value of caring for ourselves and others, especially our children, our elderly, and those experiencing illness or disability. From leading feminist economist Nancy Folbre, Making Care Work: Why Our Economy Should Put People First (University of California Press, 2026) provides a compelling historical and economic account of care provision in the United States. Folbre traces the long and colorful history of resistance to bogus claims that only paid work "counts" and that employees in care services are always paid what they deserve. Explaining why care providers remain economically vulnerable today, she argues that more attention to the public benefits of care provision could help build the political coalitions needed to implement policies that put people first. In this comprehensive and bold book, Folbre upends conventional economic thinking and maps a hopeful path toward a more equitable and sustainable economy. Nancy Folbre is Director of the Program on Gender and Care Work at the Political Economy Research Institute and Professor Emerita of Economics at UMass Amherst. She is the author of many books, including The Invisible Heart: Economics and Family Values.Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What is the future for cities? In Postcapitalist Cities: Towards a common urban future (Manchester University Press, 2026) Oli Mould, a Professor of Cultural and Historical Geography at Royal Holloway, University of London, looks at the past, present and future of the city to consider alternatives to the current capitalist urban model that dominates the world. Re-examining key concepts such as gentrification and care, introducing new ideas like solarpunk, and packed with a huge range of global case studies, the book offers approaches to resist, reject and reimagine the city. A significant intervention for geographers and social scientists, the book will also be essential reading for anyone living in a city today.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Subsumption in Kant, Hegel and Marx: From the Critique of Reason to the Critique of Society is the latest book from Dr Andres Saenz De Sicilia, an Assistant Professor of Philosophy at Northeastern University London. Andres' excellent title, published with Brill and released in soft cover with Haymarket Books late last year, is an in-depth exploration of the concept of subsumption as it appears in the works of three great thinkers, and the relevance of the paradigm for modern critical theory. In this book, Andres traces the concept of subsumption through Kant, Hegel, and Marx, in both its philosophical dimensions and its relevance to critical social theory. Andres examines the utilisation of subsumption as a conceptual framework whereby a particular is brought under a universal, up to the complex and dynamic operations of subsumption in modern-day capitalism, as a system that subsumes human life under the logic of value. As Andres illustrates through the intricate and careful argument in the book, following the use of subsumption in the work of these key theorists not only offers a new perspective to understand these thinkers, but helps articulate a historically-focused and robust framework to investigate the mechanisms of capitalist power. Of particular interest perhaps from a political economy perspective is Andres' investigation of Marx's journey through subsumption within the pages of Subsumption in Kant, Hegel and Marx, and also how the theoretical framework of subsumption helps us understand production and social reproduction under capitalism. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol 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

What's going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China's massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm's offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China's 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China's “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey's global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm's independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Oklahoma, one out of every six residents is poor. One in five children lives in poverty and faces food insecurity. In Hungry Oklahoma: Confronting Poverty and Food Insecurity (U Oklahoma Press, 2026), native son and sociologist Robert Lee Maril follows in the tradition of the national bestsellers Nickel and Dimed and Evicted to illuminate the lived experience of poverty and food insecurity in communities across the state. Maril's account is immediately personal. He begins with "guests," as shoppers are called by volunteers, waiting in line in the sweltering heat one summer for "Thy Will Be Done," a food pantry, to open. Unable to afford air conditioning, some guests don't buy foods that would spoil on the counter. One woman, Norma, carefully places only canned vegetables in her cart. When she returns to her twenty-year-old pickup, in the truck bed are lawn chairs, blankets, and pans-everything she owns. "The landlord told us this morning we was homeless," Norma says. "I'm not thinking straight." Drawing on interviews and participant-observation data from his volunteer work at a food pantry, as well as census and sociological data, Maril documents in rich ethnographic detail the status of poverty and low-wage workers in the state today and within historical context. He explores how institutions-such as faith-based organizations, government, and food pantries-structure and shape experiences of poverty. While Maril celebrates the nonprofit and faith-based efforts that make a difference, this book also is critical of conditions and stereotypes that have entrenched poverty in the state. Hungry Oklahoma ultimately suggests that persistent and pervasive poverty can be eliminated. Its moving accounts of real Oklahomans and their experiences make it a clarion call for not only those interested in policy issues but all Oklahomans who want a better today and tomorrow for those who call the state home. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Authoritarian Markets explores the political foundations of China's banking boom and its far-reaching impact on the Chinese economy. In 1978 China had no commercial banks. Today it commands the world's largest banking system, with assets equal to 40 percent of global GDP. In Authoritarian Markets: The Politics of China's Banking Explosion (Cornell University Press, 2026), Dr. Adam Y. Liu argues that this rise was not the product of market reforms but of political bargains and bureaucratic mobilization. In the 1990s, Beijing issued bank licenses as bargaining chips—securing cooperation from local governments as it pushed through painful reforms. The result was a sprawling, competitive banking market built not in spite of authoritarian rule but because of it. Drawing on interviews, spatial data, census records, surveys, and experiments, Dr. Liu reveals how local state banks became both engines of China's growth and incubators of its current economic risks. Eye-opening and persuasive, Authoritarian Markets offers fresh insight into the political logic of market development in China and authoritarian states worldwide. 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

Peoples & Things host, Lee Vinsel, talks with Lana Swartz, Associate Professor of Media Studies and Shannon Mid-Career at the University of Virginia, where she runs the Digital Cultures and Economies Lab. Swartz is a creative and wide-ranging thinker and researcher. The pair focuses on Swartz's book, New Money: How Payment Became social media, and talks about her recent work on youth money cultures and on the rich business and media dimensions of contemporary nail artists and salons. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Just how much damage is sport doing to the planet? In Global Sports Go Green—Or Do They? (Palgrave Macmillan, 2026) Toby Miller, Profesor Distinguido at the Instituto Tecnológico de Monterrey, Mexico and Joan Pedro Carañana, Associate Professor of Journalism at Universidad Complutense de Madrid, Spain examine the ecological impact of major sporting events. Using case studies of The World Cup, The Olympics, The America's Cup and Formula One, the book demonstrates the vast range of economic, social, cultural and climate impacts of these mega-events. Offering a wide ranging and compelling critique, along with consideration of resistance to carbon sports, the book is essential reading for everyone with interested in whether global sporting spectacles can really be sustainable. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Backyard gardens flush with cucumbers, tomatoes, and peppers where bees buzz and chickens scratch. Beyond, a forest filled with blackberries and jewelweed. Inspired by childhood memories of his grandmother's overflowing backyard garden, author Andrew Flachs has embarked on a multi-continent, decades-long look at agriculture and its value. The dominant view of agriculture has focused only on what we produce. It sees value in terms of capital gains or yield efficiency, masking how our global food system produces tremendous amounts of food commodities while failing to feed people, support rural communities, or enhance ecological well-being. Feeding the World as if People Mattered: How Small Farms Produce Value Beyond Yields (University of Arizona Press, 2026) asks us to look more deeply and more humanely at what we perceive to be most valuable in our agricultural systems. This book draws on fifteen years of anthropological research, taking readers to fields in South India, Eastern Europe, and North America, where people are already feeding the future amid global change. From these fields, Flachs shows us how a radical rethinking of the value of small farms and farmers is already happening. Bringing together conversations in agriculture, economics, anthropology, and the environmental humanities, Flachs deftly shows how small farms reproduce social and ecological relationships that are the only sustainable path forward. For anyone who is curious about the food on their plate and the people who helped to get it there, Feeding the World as if People Mattered will offer a new way to find value in the food we grow and the people who grow it. Dr. Andrew Flachs researches food and agriculture systems, exploring genetically modified crops, heirloom seeds, and our own microbiomes. Born and raised in rural Pennsylvania, he graduated from Oberlin College with dual Bachelor of Music and Bachelor of Arts degrees in 2010. He earned his PhD from Washington University in St. Louis in April 2016 and was a 2016-2017 Volkswagen Exchange Postdoctoral Research Fellow with the Heidelberg University Karl Jaspers Centre for Advanced Transcultural Studies. He is currently an associate professor of anthropology at Purdue University. His work among farmers in North America, the Balkans, and South India investigates ecological knowledge and technological change in agricultural systems spanning Cleveland urban gardens and Indian GM cotton fields. His research has been supported by public and private institutions including the Department of Education, the National Geographic Society, the American Institute of Indian Studies, and the Social Science Research Council, while his writing on agricultural development has been featured in numerous peer-reviewed publications as well as public venues including Sapiens, Salon, and the National Geographic magazine. His work has been recognized by eight international awards, including most recently as a finalist for the Society for Economic Anthropology Kate Browne Creativity in Research Award and the International Convention of Asia Scholars' Book Prize. Sandra Elizabeth is a graduate student enrolled at the Department of Sociology in Shiv Nadar University, Delhi- NCR. She looks at rice farmers' and their way of life in Kuttanad, Kerala—which is dubbed as the state's rice granary. She can be reached out on X.   Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Ilene Fischer is the founder and CEO of Sophia Network, where she guides executive leaders through the turbulence of disruptive change, mergers, reorganizations, and breakthrough innovations – applying her signature Innovation Ecosystems methodology to turn strategic vision into reality. Earlier in her career, she was a partner at Charlie Kiefer's Innovation Associates and managing director at the Tom Peters Company, and has been an advocate for women's causes in an array of fields. “Innovation theatre” in which changes are promised without ever happening is Ilene's bete noire. Give me a corporate culture steeped in fear, and you can be sure that vital experimentation won't be valued. In this interview, she makes a strong case for constant iteration that cuts across departmental silos in order to keep pace with the nine disruptive factors she sees as happening simultaneously in the business world today. Is AI big? Yes. But so is what quantum computing makes possible. One of the biggest points she makes in this conversation is that companies are starved for multidisciplinary talent, and the talent they do manage is attract will leave promptly if not given a license to apply that talent and achieve results. Change starts with deep listening (no judging) and grows exponentially into a virtuous circle if done with respect; fail that test, and a vicious cycle will emerge instead. Ilene's book Innovation Ecosystems: A Dynamic Blueprint for Organizational Success and Engagement is published by John Murray Press, a division of Hachette. The book will be released on October 20 and is available for preorder now.  Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Money is everywhere in our daily lives. It lurks in the swipe of a card at the grocery store, in looming student-loan debts, in the prices of things we want, and in our subconscious navigation of the modern world. In this revelatory book, economists Mason and Jayadev explain how and why money is so deeply misunderstood by the world it dominates—as well as the dangerous social implications of this misunderstanding. Against Money (University of Chicago Press, 2026) tackles the most dearly held “truths” of economics, arguing that the world of money has never been an impartial representation of the world of things. Instead, its existence in different forms—debt, capital, liquidity, and interest—increasingly shapes events in the real world rather than just reflecting them. Sometimes money enables new forms of cooperation; more often it facilitates domination. Human existence is not just facilitated by money but also governed by it. J.W. Mason is an Associate Professor of Economics at John Jay College, City University of New York and a Senior Fellow at the Groundworks Collective. He was formerly the Policy Director for the New York State Working Families Party. Arjun teaches Economics at the University. Arjun Jayadev is Professor of Economics at Azim Premji University in India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Sustainability has become a touchstone for development worldwide, promising an antidote to environmental degradation and capitalism's excess: waste. Refusing Sustainability: Race and Environmentalism in a Changing Europe (Stanford University Press, 2025) presents a fundamentally different account of sustainability and waste itself by uncovering the intersections of international environmental reforms and racialized labor. In Bulgaria, Roma comprise the bulk of the country's waste workers, while anti-Roma racism casts them as socially disposable. Without their labor, however, the country cannot meet the sustainability targets required by the European Union. Drawing on fieldwork that spans twenty years, including eleven months working alongside Romani women street sweepers, and years embedded in waste organizations, political campaigns, Roma NGOs, and activist groups, Elana Resnick examines the power hierarchies that shape both waste management and European geopolitics. Instead of focusing on only environmental harms or toxic distributions, Refusing Sustainability approaches Romani life-worlds as spaces of creative production, and also tells several larger stories: of postsocialist racial capitalism, environmental progressivism, democratic failures, mutual aid, and the power of women's friendships. Through these stories, Resnick illuminates how ordinary people, racialized as discardable, resist systems that simultaneously rely on and exclude them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Tissa Richards is a leadership expert, keynote speaker, and the award-winning author of No Permission Needed and Rethinking Resilience: Fueling Your Competitive Advantage. Her mission is to help bold, high-capacity leaders become unshakable. A repeat tech founder and CEO who has raised millions in funding, Tissa advises a wide array of companies on innovation and performance. In an era when trust is eroding, holding back and failing to communicate is a greater failing than ever. Rather than act like a turtle withdrawing into your shell, be bold: that's the message here. The better route is to be in learning more, applying lessons learned from “failures” so that you can seize on the opportunities ahead. Most of all, remember that resiliency is a team sport; the lone hero won't cut it in a world where exponential growth happens through the chemistry of a community that provides synergy. Case in point: Tissa mentions her interview with a former Executive at Campbell's, whose Prickly Pear Council proved to be so successful in airing and resolving conflicts that eventually it no longer needed to exist. Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com. 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'm speaking with Mordecai Kurz, Joan Kenney Professor of Economics Emeritus at Stanford University. We are discussing his latest book, Private Power and Democracy's Decline: How to Make Capitalism Support Democracy (MIT Press, 2026). After its high-water mark several decades ago, democracy's status continues to slide globally. Capitalism and democracy, which once seemed to complement each other, now appear at odds. Free-market policies and monopolistic technologies have enriched many while driving inequalities that harm workers. Many have opined on how to fix the political and economic problems of our day, from an embrace of radical libertarian policy to socialist ownership of the means of production. Mordecai Kurz's extensive study of capitalism and democracy charts a path for balancing economic and political freedom. Since the days of Adam Smith, technology has changed rapidly, necessitating new formulations that take into account the private power centers that exercise control much like monarchies did in the Age of Enlightenment. Despite the imbalance, capitalism still remains a driver of technological progress and innovation. How can we make both capitalism and democracy work for the good of everyone? I'm happy today to get the chance to speak with such an illustrious scholar and to learn a bit more about how to understand this defining puzzle of our age. Caleb Zakarin is CEO and Publisher 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

The number of people in the world with a bank account or money service provider increased by 2 billion over the past decade. This phenomenon reflects what Dr. Tyler Girard calls the global financial inclusion agenda. This agenda emerged in the wake of the 2008 financial crisis and quickly became a prominent feature of global economic governance.  The core idea of financial inclusion is that all individuals and businesses should have access to and use formal financial services, including bank accounts, payment services, credit, and insurance. Today, the widespread ability to digitally store and transfer money has impacted every aspect of our lives. What explains the emergence and evolution of the global financial inclusion agenda? And what does the politics of the agenda tell us about the impacts of new technologies on global politics and how ideas become global agendas?  Drawing on an original collection of primary documents and interviews with elites from Ghana, the United Kingdom, the United States, and Switzerland, Financial Inclusion: How an Idea Became a Global Agenda (Stanford University Press, 2026) traces the global financial inclusion agenda over time and interrogates its adaptation in specific contexts and issue areas. Through the concept of participatory ambiguity, Dr. Girard offers a novel explanation of the agenda that advances important debates in international relations and international political economy on the distribution of power and authority in global governance. 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

Phil Le-Brun and Jana Werner are enterprise strategists at Amazon Web Services, based in London. Phil was previously a corporate VP and international CIO at McDonalds. Jana was formerly at DHL and studied uncertainty dynamics in academia. They are authors of The Octopus Organization: A Guide to Thriving in a World of Continuous Transformation published by Harvard Business Review Press. Octopus's are nimble and amazing, as anybody who has watched the 2020 Oscar-winning documentary My Octopus Teacher will verify. In contrast, the Tin Man model we know from The Wizard of Oz needs constant oil and is too rusty and rigid to function well on its own for long. This episode's guests lean into the Octopus model, which is about earning trust and evading, in this case, the enemy within ourselves when it comes to not admitting mistakes and quickly learning from them. The value of a strong feedback loop, creating an technology infrastructure that is “thin” and allows for freedom, and not chasing metrics that prevent you from learning from anecdotal evidence of where change is necessary: those are among the topics that lively conversation pursues. A final key point the authors make is that at a time when investment in executive learning has tripled while other personnel developments remain flat is a mistake; now more than ever, human capabilities need to be built upon in an era of rapid innovation. Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Privatising Humanity: How Our Essential Human Needs Became Financial Assets (Manchester UP, 2026) is the latest book from Dr Kate Bayliss, a Senior Research Fellow in the Department of Economics at SOAS, University of London. Dr Bayliss' excellent title, published with Manchester University Press, is a critical examination of the privatisation paradigm. In the book, Dr Bayliss specifically analyses the history, processes, political economy and outcomes of privatisation policies in Britain across three major economic sectors – that of water, energy, and housing. Infamously, Britain was arguably in the vanguard of a proliferation of privatisation policies in the 1980s, courtesy of then Prime Minister Margaret Thatcher, a key proponent of the neoliberal revolution at this time. Privatisation was touted as a solution for increased efficiency, the creation of a shareholder society, and relieving taxpayer burdens. Dr Bayliss' book, Privatising Humanity, is a crucial tool to understand how privatisation policies were applied, who benefited, and whether the outcomes lives up to these expectations. It is both an exceptionally detailed account of the web of interests that have profited from privatisation, on the one hand, and on the other, a highly accessible volume that is critical reading in this current moment. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol 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

In this interview I met with Dr. Juxuan Zhang (Osaka University) to discuss her research on the history of the Chinese apparel industry since 1979. Her paper with Prof Pierre-Yves Donzé (Osaka University) investigates the structural transformation of the Chinese apparel industry from 1980 to 2020. Following an approach of industry studies and classic business history, it focuses on the 10 largest apparel companies in the four decades since the 1980s. Drawn from a broad range of published sources and official data, it analyses the ownership transition and entrepreneurial strategies of these companies under the changing institutional context. The findings show how different types of firms were able to use regulations and policies to dominate the industry. The study contributes to literature by exhibiting the dynamics of the industry development from the perspective of companies and entrepreneurs. Read the full research for free here Presented by Paula de la Cruz-Fernández, Ph.D. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Caroline Stokes is a strategist who works with C-Suites and Boards to lead their organizations through AI disruption, climate risk, and geopolitical instability. Her new book Aftershock to 2030: A CEO's Guide to Reinvention in the Age of AI, Climate, and Societal Collapse is published by Broad Book Press and serves as a roadmap for leaders navigating the tidal wave of change going on today. The founder of Workplace EQ, Caroline Stokes is previously the author of the business book Elephants Before Unicorns, about which she was interviewed by Dan Hill for his previous NBN podcast, “Dan Hill's EQ Spotlight” in 2020. Empathy, mental sovereignty, super hero: those three aspirations define this conversation well. Let's unpack each term, in turn, to provide a sense of Caroline Stokes' perspective on the world of work nowadays. One of Stokes' points here is that emotional labor is of real value but the burden of getting it done rarely falls equally on people's shoulders in business, with women often taking the greater load. Who should be stepping up more? CEOs, for whom empathy is rarely a Top 10 or even Top 30 strength of theirs. Sometimes hyper-masculinity gets in the way; other times, it might be that they feel blocked by the misperception that empathy entails just “dumping” one's feelings on others at work, when in reality admitting vulnerability in relation to specific, mission-critical aspects of one's job should really be the primary focus. In turn, what is “mental sovereignty” in Stokes' work view? The term is meant to denote showing respect to everyone, regardless of rank, as part of creating a culture that highly values psychological safety. Finally, “super hero” enters the picture because, as a long-time executive coach, Stokes knows that within most if not all leaders lies a desire to be a difference-maker in ways that go beyond hitting the quarterly numbers alone. Within every leader, she believes, lurks a seven-year-old child eager to be a force for moral good as well as financial success for the enterprise overall. Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com. 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'm speaking with Mike Lane, Managing Director and co-founder of WeBuyBooks about the economics of the second-hand book business. WeBuyBooks is one of the UK's largest second-hand book dealers. Mike talks about how he got his start in the book industry, which books sell and which don't, and what the future holds for the book industry more broadly. Mike also discusses other second-hand business lines in CDs, DVDs, and Legos. Visit WeBuyBooks.co.uk and use code NBN15 for 15% extra on your first offer. Caleb Zakarin is CEO and Publisher 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

In Singapore, the financial center of Southeast Asia, hyperurbanization and commercial development exist alongside enduring belief in the economic power of ghosts: in their ability to control the flows of money and value and to determine the outcome of investments and wagers. Spectropolis: The Enchantment of Capital in Singapore (U Minnesota Press, 2025) explores the unlikely collusion of these two systems, demonstrating both the productive role of popular beliefs in the modern world and the surprising correlations between “late” capitalism and the workings of the spirit realm. Detailing the logic and practices of Singapore's ghost economy—from performing exorcisms on real estate development sites to offering money and commodities to the dead as a hedge against precarious real-world transactions—Joshua Comaroff shows how speculative finance, largely governed by chance and volatility, is understood via its inherently spectral qualities. Based on detailed case studies and years of extensive fieldwork, Spectropolis argues for the power of popular belief systems to theorize contemporary socioeconomic conditions and to give form to collective affect as well as shared aspirations and anxieties, often in deeply hopeful, horizontal and empowering ways. Joshua Comaroff is the assistant professor of architecture at the National University of Singapore. He is coauthor of Horror in Architecture: The Reanimated Edition (Minnesota, 2024). Alyssa Kee recently finished graduate studies at the University of Vienna. Her research interests lie in urban geography, multispecies ecologies, and urban food assemblages. She is currently in the field of Geographical Education. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

If governments provide financial support for affordable housing, should they provide support for inhabitants directly, or rather for the construction of dwellings? Dr. Max Krahé and Sara Schulte both work for the German economic think tank Dezernat Zukunft, and they aim to answer this question by looking at the past. In this interview we discuss the research design, the conclusions, and also what policy implications they draw from their analysis. Want to know more? You can find everything about this housing analysis on Dezernat Zukunft. Additionally, Max Krahé provides an overview of Dr. Krahé's research projects. Geert Slabbekoorn works as a policy officer in the field of housing. In his free time he juggles, raises kids, and improves his languages. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed's underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair's eight episodes, Tim Jones talked to authors of books about the Fed's most consequential chiefs – Marriner Eccles, Bill Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell. The Powell podcast was meant to be the last. But, after Kevin Warsh took over from Powell on 22 May 2026 and started preparing for his first FOMC meeting as chairman in mid-June, a ninth episode became irresistible. Who is this Republican hawk-turned-dove? As one policymaker among 12, has he over-promised to a volatile president? To discuss Warsh, Tim is joined by three "Fed watchers" – Claire Jones, Michael Redmond and Catarina Saraiva. Claire, who used to “watch” the European Central Bank for the Financial Times, is now the FT's US economics editor and has transferred her monitoring skills to the Fed. Catarina is a 17-year veteran at Bloomberg News, reporting exclusively on the Fed and US economics since 2019. Michael has been Medley Advisors' Fed analyst since 2022, having worked as an economist at the US Treasury and the Kansas City Fed. "I think [Warsh] has upset a lot of people with the criticisms that he's had of the Fed," says Claire Jones. "I think there's just this sense where people are worried because they're thinking: 'What did you have to say in order to get this job? What have you promised to the administration in order to get this job?' So, there's those issues of trust ... However, he is very charming; he's been at the Fed before; he knows how the game is played. So, I don't think that's necessarily entirely insurmountable". Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead (University of California Press, 2026), Gary Hoover asks the reader a simple question: Is our economy a ladder or a lottery? Are people able to control their position on the economic spectrum by their actions? Some argue that, in our market-based economy, if you play by certain rules and make certain choices, you'll achieve upward mobility no matter what economic position you were born into. Drawing on his vast economic expertise, Hoover explores what this "social contract" requires of its citizens, and what it offers in return. Hoover shows how civil unrest is often directly related to broken society-level promises, exploring protest movements such as Occupy Wall Street, the Tea Party, the Arab Spring, and student debt forgiveness as case studies. He also predicts where future protests can be expected if results promised are not results delivered. This insightful and data-driven book tackles challenging issues around income inequality, health care, and artificial intelligence, and ultimately equips readers to answer these pressing questions: Is our social contract a ladder to higher economic standing, accessible to all no matter where they start? Or rather a lottery in which many will buy a ticket but only a few will find success? And how can we best align social promises with our lived economic realities? Gary Hoover is Executive Director of the Murphy Institute, Professor of Economics, and Affiliate Professor of Law at Tulane University. Dr. Zachery Williams is an Adjunct Professor in the Department of African and African American Studies at LSU. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Lithium Extraction in Chile: Ontological, Ecological and Economic Dimensions (Routledge, 2025) is a new book from Dr Daniela Soto-Hernández, a Social Anthropologist currently working as a postdoctoral researcher at the University of Sussex. In this book, published with Routledge, Dr Soto-Hernández uses ethnographic methods during her intensive fieldwork in Chile, specifically in and around the Atacama Desert, to take a relational view on lithium mining in the region. Chile is the largest and oldest producer of lithium in South America and the second largest in the world, accounting for nearly 32% of the global supply in 2022. Dr Soto-Hernández's book, Lithium Extraction in Chile, is a crucial and new way of seeking to understand not only lithium, but the worlds that are created around the resource; inclusive of sacred, indigenous relations, the ubiquitous role of water, the discursive and practical dimensions of lithium production, and the social tensions manifest throughout these processes. Dr Soto-Hernández first explores the ways in which the Chilean Atacama Desert has been constructed as a ‘desolate-scape' through mechanisms and relations of coloniality and capitalism, to render the territory as lifeless and only appropriate for extraction. Then, and by using the rich fieldwork central to the book, Dr Soto-Hernández puts forward the notion of ‘desertscape' to express the ways of living for indigenous peoples in the territories of the Atacama Desert, such as for the Lickanantay peoples. This paints a direct contrast to the colonised view of the desert as a ‘desolate-scape', which serves capital, and instead expresses the abundance, world-making, and life-giving properties of the landscape as ‘desertscape'. This relational view of the Atacama Desert, inclusive of non-people, people, and the sacred, is then used to understand the role of lithium, brine, and water extraction in this crucial territory, with implications for a truly transformative energy transition. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol 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

Anxious Homes: Inflexible Demand and China's Housing Market (Cornell UP, 2026) is a study of the power that shapes the forms of the homes Chinese citizens strive for and the possible paths they may take to realize their home ownership dreams. Based on extensive ethnographic fieldwork, Mengqi Wang discusses how the Chinese real estate industry functions in the everyday, welding aspirational middle-class families, especially migrant families, to the property-owning class and the urban growth machine. Urban housing was a socialist benefit in China until the market reforms and privatization in the 1990s. Today, most Chinese citizens consider homeownership a necessity rather than an economic privilege. Wang analyzes the making of homeownership ideologies through "inflexible demand" (gangxu)—a concept that real estate brokers, developers, homebuyers, and the government in China use to craft homeownership as indispensable for fulfilling dreams of urban citizenship. The ethnography shows that gangxu helps to articulate diverse attempts to accumulate value through housing at China's urbanizing city periphery, while giving shape to a housing-based, postsocialist right to the city. Anxious Homes argues that homeownership does not necessarily engender independence but suggests further inclusion of citizens within the dominant regime of accumulation. Mengqi Wang is Assistant Professor of Anthropology at Duke Kunshan University. Her research interests include economic anthropology, urban anthropology, political economy, gender studies, and science and technology studies. Yadong Li is an anthropologist-in-training. He is a PhD candidate of Socio-cultural Anthropology at Tulane University. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

⁠How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates⁠ (Oxford UP, 2025) explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest rates lower, and emerging trends likely to shape the future path of interest rates. The book contends that the steady decline in interest rates around the world from 1980 to 2020 played a pivotal role in shaping five significant global trends during the same period: soaring debt levels, escalating housing prices, surging stock markets, widening economic inequality, and increased financial risk-taking. The book also explores emerging factors likely to shape the future trajectory of interest rates. While demographic trends may keep rates low, other forces, such as rising public debt, can push them higher. The book offers its perspective on the interaction of these opposing trends, and presents its view on the future evolution of interest rates. How Low Interest Rates Change the World is a no-nonsense fact-based book written in plain language. A key feature of the book is its empirical approach and reliance on data. Figures and tables richly illustrate and support the arguments presented, thereby inviting a broad audience to follow its fascinating journey into the evolution of interest rates and their impact. Transcript ⁠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 a world shaken by crises, why does the dollar continue to dominate? In Dollar Dominance: Why It Rules the Global Economy and How to Challenge It (Policy Press, 2025) Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies. With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In an ever-shifting work landscape, leaders can no longer ignore their most overlooked stakeholders—their employees. In The Employee Advantage: How Putting Workers First Helps Business Thrive (PublicAffairs, 2024), behavioral economist Stephan Meier explains why organizations must value their employees as much as—if not more than—their customers: those that pivot toward an employee-centric model will be more profitable, innovative, and appealing to top talent. Through case studies of Fortune 500 companies like Costco, DHL, and Best Buy as well as smaller organizations, Meir shows why employees care about more than just money when it comes to their jobs—the same way customers care about more than just price, what mindset shifts are essential to becoming an employee-centric workplace, and how improving the employee experience benefits the business and bottom line. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The U.S. dollar is the world's most important currency. Trade is priced in dollars, the world's central banks keep U.S. dollars in reserve, some places–including my home of Hong Kong, peg their currencies to the dollar. But what explains the U.S. dollar's success? And why have some challengers, like the Japanese yen or the Chinese yuan, failed to gain traction? Paul Blustein, author of King Dollar: The Past and Future of the World's Dominant Currency, joins us on the show today; the book was released last year, and is now in paperback. In his book, Paul talks about how the U.S. dollar got to where it is today and punctures some of the myths surrounding dollar dominance–like the idea that the “petrodollar” made a difference. Paul is a senior associate with the Economics Program and Scholl Chair in International Business at the Center for Strategic and International Studies (CSIS). He is also the author of several critically acclaimed books about global economic affairs. A graduate of the University of Wisconsin and Oxford University, where he was a Rhodes Scholar, he spent much of his career as a reporter at the Washington Post and Wall Street Journal. A programming note: we recorded this interview on April 4th, about a month after the U.S. first launched its strikes on Iran. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics