New Books in Finance

In 1290, Jews were expelled from England and subsequently largely expunged from English historical memory. Yet for two centuries they occupied important roles in mediaeval English society. England’s Jews revisits this neglected chapter of English history—one whose remembrance is more important than ever today, as antisemitism and other forms of racism are on the rise.In England's Jews: Finance, Violence, and the Crown in the Thirteenth Century (University of Pennsylvania Press, 2023), Dr. John Tolan tells the story of the thousands of Jews who lived in mediaeval England. Protected by the Crown and granted the exclusive right to loan money with interest, Jews financed building projects, provided loans to students, and bought and rented out housing. Historical texts show that they shared meals and beer, celebrated at weddings, and sometimes even ended up in bed with Christians.Yet Church authorities feared the consequences of Jewish contact with Christians and tried to limit it, though to little avail. Royal protection also proved to be a double-edged sword: when revolts broke out against the unpopular king Henry III, some of the rebels, in debt to Jewish creditors, killed Jews and destroyed loan records. Vicious rumours circulated that Jews secretly plotted against Christians and crucified Christian children. All of these factors led Edward I to expel the Jews from England in 1290. Paradoxically, Dr. Tolan shows, thirteenth-century England was both the theatre of fruitful interreligious exchange and a crucible of European antisemitism. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

This provocative and interesting book has received considerable attention. Roaring reviews and interviews include  The Financial Times (UK), The Telegraph (UK), Modem (Radio Switzerland Italian), Hufftington Post (Italy), El Diario (Spain), ABC (Australia), History Today (UK), The New Republic (USA), The New Yorker (USA), among others around the world.During the interview, Alfani tells of the challenges of putting together. Also, how the book builds on prior research and his interests in diverse fields in social sciences. About the book:How the rich and the super-rich throughout Western history accumulated their wealth, behaved (or misbehaved) and helped (or didn't help) their communities in times of crisis.The rich have always fascinated, sometimes in problematic ways. Medieval thinkers feared that the super-rich would act 'as gods among men'; much more recently Thomas Piketty made wealth central to discussions of inequality. In this book, Guido Alfani offers a history of the rich and super-rich in the West, examining who they were, how they accumulated their wealth and what role they played in society. Covering the last thousand years, with frequent incursions into antiquity, and integrating recent research on economic inequality, Alfani finds--despite the different paths to wealth in different eras--fundamental continuities in the behaviour of the rich and public attitudes towards wealth across Western history. His account offers a novel perspective on current debates about wealth and income disparity.Alfani argues that the position of the rich and super-rich in Western society has always been intrinsically fragile; their very presence has inspired social unease. In the Middle Ages, an excessive accumulation of wealth was considered sinful; the rich were expected not to appear to be wealthy. Eventually, the rich were deemed useful when they used their wealth to help their communities in times of crisis. Yet in the twenty-first century, Alfani points out, the rich and the super-rich--their wealth largely preserved through the Great Recession and COVID-19--have been exceptionally reluctant to contribute to the common good in times of crisis, rejecting even such stopgap measures as temporary tax increases. History suggests that this is a troubling development--for the rich, and for everyone else. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Dani Rodrik (Harvard Kennedy School Economics Professor) joins the podcast to discuss his career, the best case for industrial policy, the labor market effects of globalization, and his vision of an ideal economic policy paradigm.Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is co-director of the Reimagining the Economy Program at the Kennedy School and of the Economics for Inclusive Prosperity network. He was President of the International Economic Association during 2021-23 and helped found the IEA's Women in Leadership in Economics (IEA-WE) initiative. His most recent books are Combating Inequality: Rethinking Government's Role (2021, edited with Olivier Blanchard) and Straight Talk on Trade: Ideas for a Sane World Economy (2017). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Peoples & Things host, Lee Vinsel, talks with historian and standup comedian, Sean Vanatta, lecturer in economic and social history at the University of Glasgow and senior fellow at the Wharton Initiative for Financial Policy and Regulation, about Vanatta’s cool new book, Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control (Yale UP, 2024). Plastic Capitalism examines the fascinating history of the rise of the credit card business in the United States, uncovering a complex picture that includes banks, consumers, and federal and state governments. It involves complex interplays of movement and countermovement, ending in the relative dissolution of regulatory power. Vinsel also talks with Vanatta about his current and future projects. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Teresa Ghilarducci, a retirement expert, challenges the idea of working longer for retirement security. She advocates for a national plan financed by employers and employees, aiming to provide choices for retirement. The podcast covers the retirement crisis, social security changes, class disparities in retirement, and proactive financial security measures.

Charles Dallara, managing director of the Institute of International Finance from 1993–2013, talks about his crisis memoir: Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone (Rodin Books, 2024). Dallara, who co-led a small team who negotiated a €100-billion write-off of Greek debt in 2011-12, discusses how it felt to be an American "interloper", crippling European indecision, and performative politicians.Produced by Emin Fikić at davidstudio.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Delve into U.S. financial history from Hamilton to present. Learn warning signs of asset bubbles and how to manage crises. Understand why index funds are a safer investment. Explore historical debt consolidation and insider trading. Navigate shadow banking system and past financial crises. Reflect on threats to U.S. economic prosperity and historical resilience. Explore key historical financial events and their relevance today.

Steven D. Levitt (Freakonomics co-author and University of Chicago Economics Professor) joins the podcast to discuss his career, including being an early leader in applied microeconomics and how the Freakonomics media empire got started, along with his recent decision to retire from academic economics.Transcript available here. Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Wartime is not just about military success. Economists at War: How a Handful of Economists Helped Win and Lose the World Wars (Oxford UP, 2020) tells a different story - about a group of remarkable economists who used their skills to help their countries fight their battles during the Chinese-Japanese War, Second World War, and the Cold War.1935-55 was a time of conflict, confrontation, and destruction. It was also a time when the skills of economists were called upon to finance the military, to identify economic vulnerabilities, and to help reconstruction. Economists at War focuses on the achievements of seven finance ministers, advisors, and central bankers from Japan, China, Germany, the UK, the USSR, and the US. It is a story of good and bad economic thinking, good and bad policy, and good and bad moral positions. The economists suffered threats, imprisonment, trial, and assassination. They all believed in the power of economics to make a difference, and their contributions had a significant impact on political outcomes and military ends.Economists at War shows the history of this turbulent period through a unique lens. It details the tension between civilian resources and military requirements; the desperate attempts to control economies wracked with inflation, depression, political argument, and fighting; and the clever schemes used to evade sanctions, develop barter trade, and use economic espionage. Politicians and generals cannot win wars if they do not have the resources. This book tells the human stories behind the economics of wartime.Alan Bollard is a Professor of Economics at Victoria University of Wellington, New Zealand. He formerly managed APEC, the largest regional economic integration organization in the world, and was previously the New Zealand Reserve Bank Governor, Secretary of the New Zealand Treasury, and Chairman of the New Zealand Commerce Commission. Professor Bollard is the author of Crisis: One Central Bank Governor and the Global Financial Crisis (Auckland University Press, 2013) and A Few Hares to Chase: The Life and Economics of Bill Philips (Oxford University Press, 2016).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/finance

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/finance