New Books in Economics

If you’re a grad student facing the ugly reality of finding a tenure-track job, you could easily be forgiven for thinking about a career change. However, if you’ve spent the last several years working on a PhD, or if you’re a faculty member whose career has basically consisted of higher ed, switching isn’t so easy. PhD holders are mostly trained to work as professors, and making easy connections to other careers is no mean feat. Because the people you know were generally trained to do the same sorts of things, an easy source of advice might not be there for you.Thankfully, for anybody who wishes there was a guidebook that would just break all of this down, that book has now been written. Going Alt-Ac: A Guide to Alternative Academic Careers (Stylus Publishing, 2020) by Kathryn E. Linder, Kevin Kelly, and Thomas J. Tobin offers practical advice and step-by-step instructions on how to decide if you want to leave behind academia and how to start searching for a new career. If a lot of career advice is too vague or too ambiguous, this book corrects that by outlining not just how to figure out what you might want to do, but critically, how you might go about accomplishing that.Zeb Larson is a recent graduate of The Ohio State University with a PhD in History. His research deals with the anti-apartheid movement in the United States. To suggest a recent title or to contact him, please send an e-mail to zeb.larson@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The neoliberal consensus, once thought to be undefeatable, seems to have been broken both in the wake of the fiscal crisis of 2008, as well as a series of surprise movements and elections throughout the world in the last several years. But many scholars argue that it remains alive and well, just in a changed, mutated form. This is the theme that motivates the recent anthology Mutant Neoliberalism: Market Rule and Political Rupture (Fordham University Press, 2020). The book features ten essay by a cast of writers covering the ways in which neoliberalism is mutating to stay alive in a changing environment.William Callison is a visiting assistant professor of Government and Law at Lafayette College. Zachary Manfredi is an Equal Justice Works Fellow at the Asylum Seeker Advocacy Project.Stephen Dozeman is a freelance writer. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Is planning for America anathema to the pursuit of life, liberty and happiness? Is it true, as thinkers such as Friedrich Von Hayek, Milton Friedman, and Ayn Rand have claimed, that planning leads to dictatorship, that the state is economically inefficient, and that prosperity is owed primarily to the workings of a free market? To answer these questions Ian Wray’s book goes in search of an America shaped by government, plans and bureaucrats, not by businesses, bankers and shareholders. He demonstrates that government plans did not damage American wealth. On the contrary, they built it, and in the most profound ways.In three parts, No Little Plans: How Government Built America’s Wealth and Infrastructure (Routledge, 2019) is an intellectual roller coaster. Part I takes the reader downhill, examining the rise and fall of rational planning, and looks at the converging bands of planning critics, led on the right by the Chicago School of Economics, on the left by the rise of conservation and the ‘counterculture’, and two brilliantly iconoclastic writers – Jane Jacobs and Rachel Carson.In Part II, eight case studies take us from the trans-continental railroads through the national parks, the Federal dams and hydropower schemes, the wartime arsenal of democracy, to the postwar interstate highways, planning for New York, the moon shot and the creation of the internet. These are stories of immense government achievement.Part III looks at what might lie ahead, reflecting on a huge irony: the ideology which underpins the economic and political rise of Asia (by which America now feels so threatened) echoes the pragmatic plans and actions which once secured America’s rise to globalism.Ian Wray is Visiting Professor in Civic Design and Heseltine Institute Fellow at the University of Liverpool. He is a Fellow of the Academy of Social Sciences and Vice Chair of World Heritage UK. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Safi Bahcall's Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries (St. Martin's Press, 2019) reveals a surprising new way of thinking about the mysteries of group behavior that challenges everything we thought we knew about nurturing radical breakthroughs.Bahcall, a physicist and entrepreneur, shows why teams, companies, or any group with a mission will suddenly change from embracing new ideas to rejecting them, just as flowing water will suddenly change into brittle ice. Mountains of print have been written about culture. Loonshots identifies the small shifts in structure that control this transition, the same way that temperature controls the change from water to ice.Using examples that range from the spread of fires in forests to the hunt for terrorists online, and stories of thieves and geniuses and kings, Bahcall shows how a new kind of science can help us become the initiators, rather than the victims, of innovative surprise.Over the past decade, researchers have been applying the tools and techniques of this new science―the science of phase transitions―to understand how birds flock, fish swim, brains work, people vote, diseases erupt, and ecosystems collapse. Loonshots is the first to apply this science to the spread of breakthrough ideas. Bahcall distills these insights into practical lessons creatives, entrepreneurs, and visionaries can use to change our world.Along the way, readers will learn what James Bond and Lipitor have in common, what the movie Enigma Game got wrong about WWII, and what really killed Pan Am, Polaroid, and the Qing Dynasty.Cody Gough and Ashley Hamer are the hosts of the excellent podcast Curiosity Daily. Subscribe to Curiosity Daily here. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How should we understand inequality? In A Sense of Inequality (Roman and Littlefield, 2020), Wendy Bottero, a Reader in Sociology at the University of Manchester offers a detailed and challenging new approach to how we conceive of, how we study, and how we might challenge, social inequality. The book contends we need a new approach to the everyday subjective experience of inequality, appreciating people’s constrained resistance to often highly unequal social situations. Whilst never downplaying the reality of inequality, the book challenges social theories that ignore everyday practices in explanations of the persistence of inequality. Empirically detailed, with extensive global examples, as well as theoretically rich, the book is essential reading across the social sciences. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Climate change impacts-more heat, drought, extreme rainfall, and stronger storms-have already harmed communities around the globe. Even if the world could cut its carbon emissions to zero tomorrow, further significant global climate change is now inevitable. Although we cannot tell with certainty how much average global temperatures will rise, we do know that the warming we have experienced to date has caused significant losses, and that the failure to prepare for the consequences of further warming may prove to be staggering.Building a Resilient Tomorrow: How to Prepare for the Coming Climate Disruption (Oxford University Press, 2019), edited by Alice C. Hill and Leonardo Martinez-Diaz, does not dwell on overhyped descriptions of apocalyptic climate scenarios, nor does it travel down well-trodden paths surrounding the politics of reducing carbon emissions. Instead, it starts with two central facts: climate impacts will continue to occur, and we can make changes now to mitigate their effects. While squarely confronting the scale of the risks we face, this pragmatic guide focuses on solutions-some gradual and some more revolutionary-currently being deployed around the globe. Each chapter presents a thematic lesson for decision-makers and engaged citizens to consider, outlining replicable successes and identifying provocative recommendations to strengthen climate resilience.Between animated discussions of ideas as wide-ranging as managed retreat from coastal hot-zones to biological approaches for resurgent climate-related disease threats, Hill and Martinez-Diaz draw on their personal experiences as senior officials in the Obama Administration to tell behind-the-scenes stories of what it really takes to advance progress on these issues. The narrative is dotted with tales of on-the-ground citizenry, from small-town mayors and bankers to generals and engineers, who are chipping away at financial disincentives and bureaucratic hurdles to prepare for life on a warmer planet. For readers exhausted by today's paralyzing debates on yearly "fluke" storms or the existence of climate change, Building a Resilient Tomorrow offers better ways to manage the risks in a warming planet, even as we work to limit global temperature rise.Beth Windisch is a national security practitioner. You can tweet her @bethwindisch. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

As the upcoming 2020 U.S. election finally brings questions of economic justice center stage, this episode discusses the powerful short open-source book The Power of Debt: Identity and Collective Action in the Age of Finance (Institute on Inequality and Democracy, 2019). The book was published by the Institute on Inequality and Democracy in 2019 and coauthored by Prof. Hannah Appel of UCLA, Sa Whitley, a Ph.D. candidate in Gender Studies at UCLA, and Caitlin Kline, advisor to the Securities and Exchange Commission on derivatives enforcement issues. The book focuses on the urgent problem of staggering economic inequality through the lens of mass indebtedness. After assessing the grim situation - stagnating wages, historic levels of household debt, and the impossibility of accessing the means of life without debt - the authors ask whether we can organize against the injustices of debt as debtors as we once did against oppressive workplaces as workers. What goes into producing a politically salient identity category such as debtor? What do actual examples of debtor organizing tell us about the promises and perils of debtor organizing? What does it take to challenge the power of big banks and mighty investors? As an example, we discuss the strike that I am currently on with Harvard Graduate Students Union, speculating on how labor uprisings could benefit from concerted coalition building with debtors. At Harvard, undergraduates are saddled with unrepayable loans so they can access an education provided by grad students saddled with unpayable rents and bills - if the two groups could unite, what would be possible? In our conversation, Prof. Hannah Appel answered these questions amongst many others in a refreshingly spirited yet accessible style. A must-listen for scholars, organizers, and citizens concerned with economic inequality and possibilities for mobilization. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Award winning activist and researcher Raj Patel has teamed up with innovative environmental historian and historical geographer Jason W. Moore to produce an accessible book which provides historical explanations for the world ecological crises and the global crisis in capitalism. Using the framework of "cheapness," A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet (University of California Press, 2017) takes the reader through the long history of the search for lower production costs, extending from European colonial conquests in the fifteenth century up to present agroindustrial systems. This quest for cheapness originated with European colonists' desire to separate Society—themselves—from Nature—everything else. All forms of "Nature" were categorized by colonist and capitalists so that they could be efficiently used for production. Human beings were often included in this contrived category of Nature. Colonized people, the indigenous, women, and brown people were considered akin to non-human nature. In the process of employing cheapness as a "strategy" across space and time, colonial and capitalist powers have devastated land, destroyed indigenous populations, and exploited workers. Resistance to cheapness is described in the book too, but in Moore and Patel's depiction of the modern world, this resistance seems insignificant compared to the power and momentum of the cheapness strategy. The refusal to pay the true costs of production eventually led to crises because nature was cheap, but never free; debts mounted. “The modern world happened” according to Patel and Moore, “because externalities struck back” (21). Global warming is the best example of these debts but the book exposes many others.To engage as broad of an audience as possible, the book is structured in a simple way making it useful for researchers, a general audience, and as a teaching text. The introduction begins with the example of the chicken nugget, the production of which exemplifies all seven "cheap things." The chapter then gives an outline of the argument. After the introduction, the reader is walked through relatively self-contained chapters on each of the seven cheap things: cheap nature, cheap money, cheap work, cheap care, cheap food, cheap energy, and cheap lives. Any chapter can be read in isolation as an example of how the concept of cheapness works in different ecological and economic realms but together they give the reader an understanding of the encompassing and destructive power of "cheapness." As Patel explains in the interview, the book was designed to engage an "intersectional" activist audience. Those interested in indigenous rights, class, race, and ecological issues will all find something interesting, and likely infuriating, in this book.Readers might be disappointed by the brevity of the conclusion however, which attempts to offer some solutions to current global crises. Here Patel and Moore lay out the basic structure for a "reparations ecology" that calls for profound changes, not simply in world economic and political relations, but in humans' attitude towards nature, both human and non-human forms. Hopefully Patel and Moore will elaborate further on the important concept of reparations ecology in their future works. In the meantime, anyone interested in the origins of the most pressing problems facing humanity today must give Patel and Moore's thesis serious consideration.Jason L. Newton is a visiting assistant professor of history at Cornell University. His book manuscript, Cutover Capitalism: The Industrialization of the Northern Forest, 1850-1950, is a history of the changing types of labor performed by people, trees, and the landscape in the American Northeast as that area industrialized. He has also published on nature, race, and immigration. He teaches classes on labor and the environment.  Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The future is a constant focus of anxiety, and we are all familiar with the pressures that come distinctively from automation – the transformation by which tasks formerly assigned to humans come to be performed by machines. These days, the stakes seem to be higher, as technology now seems poised to render nearly all human labor obsolete. What lies in store for us, and for the flourishing and meaning of our lives, once technology has relieved humans of the need to work?In Automation and Utopia: Human Flourishing in a World without Work (Harvard University Press, 2019), John Danaher explores the issues facing us as we confront our own obsolescence. He defends the idea that a workless future is not only possible, but possibly utopian. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why do Americans eat so much beef? In Red Meat Republic: A Hoof-to-Table History of How Beef Changed America (Princeton University Press, 2019), the historian Joshua Specht provides a history that shows how our diets and consumer choices remain rooted in nineteenth century enterprises. A century and half ago, he writes, the colonialism and appropriation of indigenous lands enabled the expansion of western ranch outfits. These corporate ranchers controlled loose commodity chains, until powerful corporate meat packers in Chicago seized the economic order through the tools of modern capitalism (scientific management, standardization, labor suppression). These capitalists expanded the supply chains to far-flung consumers in New York and around the globe. But as meat became a staple of the American diet, and measure of progress, consumers cared more about the price and taste than the violence to people, animals, and environment behind the scenes. “America made modern beef” Specht writes, “at the same time that beef made America modern.”Ryan Driskell Tate is a Ph.D. candidate in American history at Rutgers University. He is completing a book on fossil-fuels and energy development in the American West. He teaches courses on modern US history, environmental history, and histories of labor and capitalism. @rydriskelltate Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics