New Books in Economics

Quinn Slobodian, a Wellesley College history professor and author of 'Crack-Up Capitalism,' teams up with Philip J. Stern, an associate professor at Duke University known for 'Empire, Incorporated.' They delve into the roles of corporations in shaping governance and democracy, highlighting the East India Company's nuanced history. The conversation unpacks 'archipelago capitalism' and critiques oversimplified narratives of colonialism, examining how imaginative economic theories influence real-world practices and state power dynamics.

Robert Chernomas, a Professor of Economics, joins his co-authors Gregory Chernomas and Ian Hudson to unravel the complexities of inequality in the U.S. They challenge the long-held belief that genetics determines social outcomes, arguing that socioeconomic conditions profoundly influence genetic expression. The discussion spans the struggles of the white working class, Black Americans, and women, emphasizing that social interventions can reshape futures. They advocate for policies that prioritize equality and nurturing environments to alleviate unnecessary suffering and unlock human potential.

In this discussion, John Horn, an Ex-McKinsey consultant and Harvard-educated economist, shares insights from his book on predicting competitor behavior. He emphasizes cognitive empathy as a key tool for understanding competitors' motives and actions. The conversation explores techniques like war games and mock negotiations to sharpen strategic decision-making. Horn also highlights the pitfalls of over-relying on AI for competitive analysis, advocating for a blend of human insight and analytical frameworks to stay ahead in business.

Nicholas Chesterley, a behavioral scientist and author of Future-Generation Government, discusses innovative strategies for long-term legislation. He highlights the necessity of sustainable policymaking and the impact of short-term political pressures on long-term governance. Chesterley introduces the concept of 'red teams' to challenge proposals, enhancing decision-making through constructive debate. He emphasizes adaptive governance and the role of public engagement in shaping policies that resonate with future generations, using real-world examples to illustrate his points.

Tim Minshall, a Professor at Cambridge University, specializes in manufacturing and has authored the book exploring its hidden processes. He shares fascinating insights about how everyday products reach us and reflects on the pandemic's impact on manufacturing perceptions. The conversation covers the role of technology, such as AI and robotics, in transforming the industry and the balancing act between tradition and innovation. Minshall also discusses the urgent need for sustainability and planning in the face of global challenges and labor shortages.

Join journalist Matt Binder, a crypto expert, and Edward Luce from the Financial Times as they delve into the Trump family's billion-dollar crypto ventures. They explore Trump's connection to cryptocurrencies, including the controversial launch of Trump coin and his $2 billion investment in Binance. The discussion raises ethical concerns over political influence, regulatory challenges, and the risks associated with cryptocurrency, including personal safety and organized crime. They also reveal the dark realities faced by crypto entrepreneurs in a volatile market.

Charles Hecker, a seasoned journalist and business consultant, dives into the tumultuous relationship between Western businesses and the Russian market. He recounts gripping stories from those who navigated the chaotic environment post-Soviet Union, emphasizing the allure of quick profits amid corruption and danger. He reflects on the transformation of business during Putin's rise, the profound impact of the Ukraine invasion, and the regrets shared by many who prioritized gain over ethical considerations. Hecker paints a vivid picture of risk-taking in a landscape that turned hostile.

Andrew Ofstehage, an economic and environmental anthropologist, dives into the world of transnational farming in Brazil. He discusses how U.S. Midwest farmers flock to Brazil, turning traditional practices into industrial models, raising questions about sustainability. The challenges these farmers face include navigating local cultures and regulatory hurdles while managing 'flexible farms.' Ofstehage highlights the tensions between profit-driven practices and community connections, revealing fascinating insights into the dynamics of globalized agriculture.

Nicholas Borst, Vice President at Seafarer Capital Partners, discusses his insightful book, exploring China's economic contradictions. He delves into the Communist Party's balancing act between state control and market reform, and how this tension impacts Xi Jinping's policies. Borst breaks down the complexities of capital allocation, revealing the government's favoritism towards large, state-sanctioned projects at the expense of small businesses. He also addresses China's quest for economic self-reliance, particularly in the electric vehicle market, highlighting the interplay between innovation and regulatory challenges.

Lucia Soriano, an assistant professor specializing in women's studies and ethnic studies, dives deep into her book about women's unpaid work in neoliberal America. She discusses how societal beauty standards and the pressure to conform have evolved, particularly through reality TV and social media. Soriano unpacks the concept of 'normalcy' in women's labor and critiques cultural representations of women in neoliberal contexts. She also shares insights on navigating academia while emphasizing the importance of personal agency amidst societal expectations.