NBN Book of the Day

Explore the surprising evolution of the United States Diversity Visa Lottery, revealing how it shapes American life and global migration. Discover the challenges and opportunities faced by aspiring immigrants, and the impact of anti-immigrant policies on the American dream. Delve into the intricate history of the immigration lottery system, its impact on diversity, and the persistence of dreams in a landscape of limited immigration policies.

Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system—and the struggle to create an alternative.Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club: Finance for the Rest of Us (U California Press, 2024) centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy.Busting the Bankers’ Club is an eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform from Professor Gerald Epstein, Founding Codirector of the Political Economy Research Institute at the University of Massachusetts Amherst. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Today, being authentic has become an aspiration and an imperative. The notion of authenticity shapes the consumption habits of individuals in the most diverse contexts such as food and drinks, clothing, music, tourism and the digital sphere, even leading to the resurgence of apparently obsolescent modes of production such as craft. It also significantly transforms urban areas, their local economies and development. Alessandro Gerosa's The Hipster Economy: Taste and Authenticity in Late Modern Capitalism (UCL Press, 2024) analyses this complex set of related phenomena to argue that the quest for authenticity has been a driver of Western societies from the emersion of capitalism and industrial society to today.From this premise, the book advances multiple original contributions. First, it explains why and how authenticity has become a fundamental value orienting consumers' taste in late modern capitalism; second, it proposes a novel conceptualisation of the aesthetic regime of consumption; third, the book constitutes the first detailed analysis of the resurgence of the neo-craft industries, their entrepreneurs, and the economic imaginary of consumption underpinning them, and fourth, it analyses how the hipster economy is impacting the urban space, favouring new logic of urban development with contrasting outcomes.Open-source PDF version found at this link! Jeff Adler is an ex-linguist and occasional contributor to New Books Network! Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Sir Stanley Wells is one of the world's greatest authorities on William Shakespeare. Here he brings a lifetime of learning and reflection to bear on some of the most tantalising questions about the poet and dramatist that there are. How did he think, feel, and work? What were his relationships like? What did he believe about death? What made him laugh? This freshly thought and immensely engaging study wrestles with fundamental debates concerning Shakespeare's personality and life. The mysteries of how Shakespeare lived, whom and how he loved, how he worked, how he produced some of the greatest and most abidingly popular works in the history of world literature and drama, have fascinated readers for centuries. What Was Shakespeare Really Like? (Cambridge UP, 2023) conjures illuminating insights to reveal Shakespeare as he was. Wells brings the writer and dramatist alive, in all his fascinating humanity, for readers of today.One of the world's foremost Shakespearians, Professor Sir Stanley Wells CBE, FRSL is a former Life Trustee (1975-2017) and former Chairman of the Shakespeare Birthplace Trust (1991-2011), Emeritus Professor of Shakespeare Studies of the University of Birmingham.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/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

The Overland Trail into the American West is one of the most culturally recognizable symbols of the American past: white covered wagons traversing the plains, filled with heroic pioneers embodying the nation's manifest destiny. In American Burial Ground: A New History of the Overland Trail (University of Pennsylvania Press, 2023), University of Nevada assistant professor of history Sarah Keyes rewrites that well-worn story. Keyes book focuses on a topic that was at the forefront of the minds of those who traveled the train - death. 6,000 (or perhaps more) people died traveling West during the middle decades of the nineteenth century, and in a nation where death rituals held strong symbolic meaning, the realities of dying on the trail were troubling to westward settlers. By looking at the trail through the lens of death, Keyes also includes other forms of, and institutions central to, western migration, namely Indian Removal and the US Army. American Burial Ground is a fresh look at a topic that many people think they know something about - historians will never look at westward migration the same way again. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

An award-winning defense expert tells the story of today’s great power rivalry―the struggle to control artificial intelligence.A new industrial revolution has begun. Like mechanization or electricity before it, artificial intelligence will touch every aspect of our lives―and cause profound disruptions in the balance of global power, especially among the AI superpowers: China, the United States, and Europe. Autonomous weapons expert Paul Scharre takes readers inside the fierce competition to develop and implement this game-changing technology and dominate the future.Four Battlegrounds: Power in the Age of Artificial Intelligence (Norton, 2023) argues that four key elements define this struggle: data, computing power, talent, and institutions. Data is a vital resource like coal or oil, but it must be collected and refined. Advanced computer chips are the essence of computing power―control over chip supply chains grants leverage over rivals. Talent is about people: which country attracts the best researchers and most advanced technology companies? The fourth “battlefield” is maybe the most critical: the ultimate global leader in AI will have institutions that effectively incorporate AI into their economy, society, and especially their military.Scharre’s account surges with futuristic technology. He explores the ways AI systems are already discovering new strategies via millions of war-game simulations, developing combat tactics better than any human, tracking billions of people using biometrics, and subtly controlling information with secret algorithms. He visits China’s “National Team” of leading AI companies to show the chilling synergy between China’s government, private sector, and surveillance state. He interviews Pentagon leadership and tours U.S. Defense Department offices in Silicon Valley, revealing deep tensions between the military and tech giants who control data, chips, and talent. Yet he concludes that those tensions, inherent to our democratic system, create resilience and resistance to autocracy in the face of overwhelmingly powerful technology.Engaging and direct, Four Battlegrounds offers a vivid picture of how AI is transforming warfare, global security, and the future of human freedom―and what it will take for democracies to remain at the forefront of the world order. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

One war, three collisions: Russia with Ukraine, Europe, and the US. On the second anniversary of the full-scale invasion, Michael Kimmage analyses the disparate factors that led to war in Collisions: The Origins of the War in Ukraine and the New Global Instability (OUP Press, 2024)."After a few anomalous years of peace, Europe became in 2022 what it has always been, an epicentre of conflict, the fault line around which the biggest and worst geopolitical earthquakes tend to occur".A member of the Secretary's Policy Planning Staff at the US State Department where he handled the Ukraine/Russia portfolio from 2014-2016, Michael Kimmage is now a Professor of History at the Catholic University of America in Washington DC.*The authors' book recommendations are Paris 1919: Six Months That Changed the World by Margaret MacMillan (Random House, 2002) and The Russo-Ukrainian War by Serhii Plokhy (Allen Lane, 2023).Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes the twenty4two newsletter on Substack and hosts the In The Room podcast series. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

"Most lawyers, most actors, most soldiers and sailors, most athletes, most doctors, and most diplomats feel a certain solidarity in the face of outsiders, and, in spite of other differences, they share fragments of a common ethic in their working life, and a kind of moral complicity."– Stuart Hampshire, Justice is Conflict.There are many more examples of professional solidarity, however fragmented and tentative, sharing the link of a common ethic that helps make systems, and the analysis of them, possible in the larger political economy. Writing from a law professor’s vantage point, Katharina Pistor, in her new book, The Code of Capital: How the Law Creates Wealth and Inequality (Princeton University Press, 2019) explains how even though law is a social good it has been harnessed as a private commodity over time that creates private wealth, and plays a significant role in the increasing disparity of financial outcomes.As she points out in this interview, and her chapter ‘Masters of the Code’, it is ‘critical to have lawyers in the room’, and they clearly have the lead role in her well-researched and nuanced thesis centered on the decentralized institution of private law. Professor Pistor builds on Rudden’s ‘feudal calculus’ providing the long view of legal systems in maintaining and creating wealth and draws on historical analogies including the enclosure movements as she interweaves her analysis of capital asset creation with a broader critique of professional and institutional agency. Polanyi and Piketty figure into Pistor’s analysis among many others, as does the help of the state’s coercive backing as she draws on the breadth of her own governance research and analysis of the collapsed socialist regimes in the 1990s, and a research pivot toward western market economies following the 2008 Global Financial Crisis.Professor Pistor is a comparative scholar with a keen interdisciplinary eye for the relationship between law, values, and markets, dovetailing larger concepts with detailed descriptions of the coding of ‘stocks, bonds, ideas, and even expectations—assets that exist only in law.’ All of which informs her inquiry into why some legal systems have been more accommodating to capital’s coding cravings and others less so, as she describes the process by which capital is created. She moves beyond legal realism’s less granular critiques, and as reviewers such as Samuel Moyn have suggested – this book ‘deserves to be the essential text of any movement today that concerns itself with law and political economy’.Katharina Pistor is the Edwin B. Parker Professor of Comparative Law, and the Director of the Center on Global Legal Transformation at Columbia Law School.Keith Krueger lectures at the SHU-UTS Business School in Shanghai. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

How can we build a more equal economy? In Innovation for the Masses: How to Share the Benefits of the High-Tech Economy (U California Press, 2024), Neil Lee, a Professor of Economic Geography at the London School of Economics, explores the question of how societies have fostered and supported innovation. The book challenges conventional assumptions that innovative economies must be unequal. Drawing on 4 detailed, and critical, case studies- Switzerland, Austria, Taiwan and Sweden, the book shows how Europe has good models of innovation; how the state matters; and how innovation and shared prosperity policies are mutually reinforcing. Accessible and clearly written, the book will be essential reading across social sciences and public policy, as well as anyone wanting a blueprint for equitable economic development, Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

In the 1950s, an obsessive firearms designer named Eugene Stoner invented the AR-15 rifle in a California garage. High-minded and patriotic, Stoner sought to devise a lightweight, easy-to-use weapon that could replace the M1s touted by soldiers in World War II. What he did create was a lethal handheld icon of the American century.In American Gun: The True Story of the AR-15 (FSG, 2023), the veteran Wall Street Journal reporters Cameron McWhirter and Zusha Elinson track the AR-15 from inception to ubiquity. How did the same gun represent the essence of freedom to millions of Americans and the essence of evil to millions more? To answer this question, McWhirter and Elinson follow Stoner--the American Kalashnikov--as he struggled mightily to win support for his invention, which under the name M16 would become standard equipment in Vietnam. Shunned by gun owners at first, the rifle's popularity would take off thanks to a renegade band of small-time gun makers. And in the 2000s, it would become the weapon of choice for mass shooters, prompting widespread calls for proscription even as the gun industry embraced it as a financial savior. Writing with fairness and compassion, McWhirter and Elinson explore America's gun culture, revealing the deep appeal of the AR-15, the awful havoc it wreaks, and the politics of reducing its toll. The result is a moral history of contemporary America's love affair with technology, freedom, and weaponry.Cameron McWhirter is a national reporter for The Wall Street Journal, based in Atlanta. He has covered mass shootings, violent protests and natural disasters across the South. He is also the author of Red Summer: The Summer of 1919 and the Awakening of Black America. Previously, he reported for other publications in the U.S., as well as Bosnia, Iraq, and Ethiopia.Zusha Elinson is a national reporter, writing about guns and violence for the Wall Street Journal. Based in California, he has also written for the Center for Investigative Reporting and the New York Times Bay Area section.Recommended Books: Robert Caro, The Path to Power William Shawcross, Sideshow Dexter Filkins, The Forever War Adam Winkler, Gun Fight Tim Mak, Misfire Doug Stanton, Horse Solidiers Chris Holmes is Chair of Literatures in English and Associate Professor at Ithaca College. He writes criticism on contemporary global literatures. His book, Kazuo Ishiguro Against World Literature, is under contract with Bloomsbury Publishing. He is the co-director of The New Voices Festival, a celebration of work in poetry, prose, and playwriting by up-and-coming young writers. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day