New Books in Economics

Nancy Neiman, "Markets, Community and Just Infrastructures" (Routledge, 2020)

9 snips
Nov 1, 2025
In this discussion, Nancy Neiman, a Scripps College professor and author, dives into her book on markets, community, and justice. She critiques conventional economic binaries and highlights how cultural and political contexts shape market outcomes. Neiman shares fascinating case studies, including a Ugandan coffee cooperative, to illustrate the importance of community values over pure profit motives. She also addresses wealth inequality and its implications for market justice, while emphasizing the need for just infrastructures to combat issues like environmental harm and structural racism.
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INSIGHT

Rationality Of Justice

  • Nancy Neiman argues justice can be framed as a form of economic rationality, reclaiming efficiency language for just outcomes.
  • She calls this approach the "rationality of justice" to counter universalist market narratives.
ADVICE

Use Econ Language To Argue For Justice

  • Reclaim mainstream economic language to argue for justice; explain justice using terms economists respect.
  • Teach students how to challenge universal market narratives with grounded, economic arguments.
INSIGHT

Markets Are Shaped By Infrastructures

  • Markets are embedded in cultural, political, and ideological infrastructures that shape incentives and outcomes.
  • Those infrastructures determine whether markets produce just or unjust results, not markets alone.
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