New Books in Economics

Hosts Nina dos Santos and Owen Bennett-Jones analyze the global fallout after Donald Trump plunged America and the world into a trade war with China. David Rennie, The Economist’s geopolitics editor and former Beijing and Washington D.C. bureau chief, joins the podcast to unpack how Xi Jinping is playing the long game and playing to win.In this episode, we explore Xi’s high-stakes strategy in the global trade war. From embracing economic pain to fostering innovation under autocracy, China is challenging Western dominance on every front. However, as the controversy over British Steel demonstrates, Beijing’s drive to exert control often at the expense of freedoms abroad—risks alienating future partners.In the second half, activist Chloe Chung shares her personal story of falling afoul of the Chinese authorities. A pro-democracy campaigner, Chloe awoke in December to news that police in Hong Kong had issued a HK$1 million ($128,000; £102,000) bounty for information leading to her capture abroad.With democracy under pressure, this is more than just a trade war—it’s a battle for the future of the global order.Producer: Pearse LynchExecutive Producer: Lucinda Knight Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Roberta Mazza, an Associate Professor of Papyrology at the University of Bologna, dives into the murky waters of the illicit trade in ancient artifacts. She recounts her decade-long investigation into controversial acquisitions by Hobby Lobby's Steve Green, revealing hidden networks that exploit cultural heritage. The discussion unveils ethical dilemmas surrounding artifact ownership and the impact of colonialism on contemporary collecting practices. Mazza advocates for improved dialogue on repatriation and a shift towards preserving rather than plundering history.

Daryl Fairweather, Chief Economist at Redfin and the first Black woman to earn an economics PhD from the University of Chicago, shares her insights on using economic principles to navigate life’s big decisions. She discusses how economic theories can empower personal choices—from negotiating salaries to deciding when to buy a home. Fairweather also advocates for land value taxation as a fairer alternative to traditional property taxes, aiming to improve housing accessibility. Her unique blend of personal experience and behavioral economics makes complex ideas approachable.

Ståle Holgersen, a Senior Lecturer in Human Geography at Stockholm University and author of 'Against the Crisis', offers an insightful analysis of the intertwined nature of economic and ecological crises. He critiques the simplistic views of crisis, arguing that they reflect capitalism's inherent contradictions. Holgersen delves into how crises exacerbate class divides and systemic discrimination, emphasizing the need for ecosocialism as a response. He also discusses the lessons learned from COVID-19 regarding socioeconomic disparities and highlights the necessity for collective action.

John Kay, a distinguished British economist and author, dives into the complex realities of modern business in his latest work. He questions traditional profit-driven narratives and argues for the rising significance of human capital over mere financial assets. The discussion highlights the dramatic shift from long-standing corporate giants to the prevalence of 'hollow corporations.' Kay also addresses the evolution of business leadership, urging a fresh perspective on management and innovation in our fast-paced economy.

Wolfgang Streeck, former director at the Max Planck Institute for the Study of Societies, delves into the growing divide between elites and the public in democracies. He discusses the rise of populism as a backlash against centralized control, the educational and immigration divides shaping political sentiments, and the evolving geopolitical dynamics between the U.S. and Europe. Streeck's insights reveal the complexities of modern globalism and the urgent need for more democratic governance amidst shifting power balances.

Peter Andreas, John Hay Professor of International Studies at Brown University and author of influential works like "Border Games," dives deep into the complexities of Trump's border policies. He discusses why these policies resonate despite lower deportation rates, exploring the performative politics surrounding the U.S.-Mexico border. Andreas sheds light on the nuances of the illicit economy, the blurred lines between legal and illegal trade, and how fentanyl and tariffs shape U.S. relations with neighboring countries.

Chris Skinner, a notable author and commentator on financial technology, shares his insights from his latest book on intelligent money management. He delves into the integration of AI and machine learning in everyday financial decisions, transforming how we manage our money. The conversation covers the future of digital transactions, enhanced by augmented reality and the vital role of cash in crises. Skinner also discusses the challenges of building digital trust in finance, emphasizing the need for solid data systems to tackle risks in intelligent banking.

Peoples & Things host, Lee Vinsel, talks with retired professor, consultant, Discovery Institute fellow, and a winner of the NTT DoCoMo Mobile Science Award, Jeffrey Lee Funk, about his recent book Unicorns, Hype, and Bubbles: A Guide to Spotting, Avoiding, and Exploiting Investment Bubbles in Tech (Harriman House, 2024). The book provides readers with fundamental tools for exploring technology markets and spotting financial bubbles, which have been recurring at a high rate in recent decades. In addition to talking through the basic perspectives the book provides, Vinsel and Funk also talk through examples of recent technology bubbles, including the likely current bubble centered on generative AI. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

A riveting expose of the global oil industry' s multi-decade conspiracy to muddy the waters around the science of climate change and use the Australian government to undermine worldwide efforts to address environmental devastation. Researched and written by one of Australia' s most fearless investigative journalists, Slick: Australia's Toxic Relationship with Big Oil (U Queensland Press, 2024) reveals how the US petroleum industry was warned about its environmental impacts back in the 1950s and yet went on to build the Australian oil industry, which in turn tried to drill the Great Barrier Reef, sought to strongarm governments, and joined a global effort to bury the science of climate change and delay action despite knowing the harms it would cause. Slick also tells the stories of fire and flood survivors, as well as of the activists engaged in a high-risk fight for the future of Australia and of the efforts being made to save ourselves from catastrophe. In this superb, in-depth work of journalism, Royce Kurmelovs provides an on-the-ground examination of how the fossil fuel industry captured Australia, and outlines what' s at stake for the survival of the planet and our democracy. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics