New Books in Economics

The government of the Philippines has for decades encouraged its citizens to seek work abroad and send money back to the country in remittances. But in recent years it has increasingly sought to entice Filipinos who have settled abroad to come home, not only for tourism but also for retirement. In Migrant Returns: Manila, Development, and Transnational Connectivity (Duke University Press, 2017), Eric J. Pido travels with Filipino Americans as they try to reimagine their lives and lifestyles in the gated communities and malls of Manila, and beyond. Along the way he encounters real estate agents, bureaucrats, investors and family members of returnees, or balikbayan, all in one way or another participating in attempts at selling an idea of home, one that for balikbayan from the US in particular evokes feelings both of homecoming and of a homeliness that they associate with their years spent on the other side of the Pacific. Eric J. Pido joins New Books in Southeast Asian Studies to talk about histories of departing from and returning to the Philippines, segregated suburbs and walled megacities, the balikbayan economy, returning migrants’ anxieties and hopes, medical tourism, and 1950s nostalgia. You may also be interested in: Megha Amrith, Caring for Strangers: Filipino Medical Workers in Asia Ulla Berg, Mobile Selves: Race, Migration, and Belonging in Peru and the US Nick Cheesman is a fellow at the College of Asia and the Pacific, Australian National University. He can be reached at nick.cheesman@anu.edu.au. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Claudia Leeb’s new book, Power and Feminist Agency in Capitalism: Toward a New Theory of the Political Subject (Oxford University Press, 2017), takes up pressing issues within contemporary political and feminist theory, especially as we consider the point of action and the instance of movement. This book marries together important questions within political theory, feminist theory, and economics with specific focus on the idea of subject and how an individual subject may be poised towards action, particularly in context of moving towards a more equitable political and economic system. Leeb’s book, which theorizes about the contested nature of the political subject, explores the concept of the political subject in outline as she has titled this theory. This reinterpretation of the political subject is as an incomplete political subject, given the contested interpretations of this concept in political theory, feminist theory, and psychological theory. The text goes on to examine key political and feminist theorists in framing the positioning of the political subject, putting Marx, Adorno, and Lacan and other Frankfurt School theorists into conversation with feminist theorists. Leeb, as a result of theorizing the capacity for action by the political subject in outline, explores the tension between theory and practice, noting this mediated relationship, and delving into why there is such tension between theory and practice, especially within the academe. The issue of transformative agency, especially a kind of intersectional transformative agency that integrates both feminist and economic impulses, is at the center of Leeb’s analysis and presses on some of the limits of theory as disconnected from the practice of politics. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Since the collapse of the Berlin Wall, there has been a widespread affirmation of economic ideologies that conceive the market as an autonomous sphere of human practice. In the wake of the 2008 financial crisis, this idea has been countered by calls for reforms of financial markets and for the consideration of moral values in economic practice. Religion and the Morality of the Market: Anthropological Perspectives (Cambridge University Press, 2017) intervenes in these debates by showing how neoliberal market practices engender new forms of religiosity, and how religiosity shapes economic actions. Daromir Rudnyckyj, one of the volumes editors, is Associate Professor of anthropology at the University of Victoria. Hillary Kaell co-hosts NBIR and is Associate Professor of Religion at Concordia University in Montreal, Canada. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Tore C. Olsson‘s Agrarian Crossings: Reformers and the Remaking of the US and Mexican Countryside (Princeton University Press, 2017) tells a remarkable and under-appreciated story. It’s about how, in the 1930s and 40s, a group of reformers in the US and in Mexico undertook projects to transform the rural worlds of their respective countries in the name of social justice and agrarian productivity. Olsson demonstrates how closely the histories of Mexico and the American South in particular paralleled one another, and how parallel histories yielded parallel problems, including mass rural poverty, landlessness, and economic deprivation. Whether in Mississippi or Michoacan, Tennessee or Tabasco, the rural masses saw few tangible benefits in the economic miracle heralded by boosters in Atlanta and Mexico City, Professor Olsson writes. And so in that decade historians sometimes like to call the long 1930s, Mexican and US reformers crossed the border again and again, to share models and ideas, and to undertake projects of rural revitalization through varying methods and with varying results. Olsson’s book recovers a world in which like-minded Mexicans and Americans worked together, toward what they hoped would be a more just world, in concert and in solidarity. Tore C. Olsson is Assistant Professor of History at the University of Tennessee, Knoxville. Monica Black is Lindsay Young Associate Professor of History at the University of Tennessee, Knoxville. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In 2017 half of the world’s wealth belongs to the top 1% of the population. In his new book, The Great Leveler Violence and the History of Inequality from the Stone Age to the Twenty-First Century (Princeton University Press, 2017), Walter Scheidel explores economic inequality and sets forth the provocative thesis that only violence and catastrophes have truly reduced it throughout history. Scheidel delves in what he labels as the “Four Horsemen” of leveling—mass-mobilization warfare, transformative revolutions, state collapse, and catastrophic plagues—and how they have persisted in history and proved the most efficient ways in reducing what seems to be an inevitable trend in human history. Walter Scheidel teaches at Stanford University. The interview is part of a series produced by the Crisis, Extremes, and Apocalypse Research Network and the New Books Network. Audrey Borowski is a historian of ideas and a doctoral researcher at the University of Oxford. She is also the founder and lead convener of the ‘Crisis, extremes and Apocalypse’ Research Network. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

On September 3, 1991, a fire erupted at the Imperial Foods factory in the small town of Hamlet, North Carolina. Twenty-five people died behind the factory’s locked doors that morning. Most of the victims were women, and about half of them were black. In The Hamlet Fire: A Tragic Story of Cheap Food, Cheap Government, and Cheap Lives (The New Press, 2017), Temple University history professor Bryant Simon lays out the structural failures in the American and global economic systems which killed those workers. As economic growth slowed and inflation rose in the 1970s, many Americans grew disillusioned with the New Deal era promise of high wages and a robust regulatory state. Instead, Simon argues, Americans began to embrace a culture of cheap, ready-made, products and government policies which benefitted business owners, rather than employees. Food sat high atop the list of cheap items Americans craved, particularly chicken which, just before the Hamlet fire, surpassed beef as the meat most commonly consumed by American diners. It was no coincidence that the Imperial plant in Hamlet processed chicken strips and tenders for sale at national chain grocery stores. Nor was it a coincidence that Imperial relocated to North Carolina in the 1980s, as the state defunded regulatory systems and opened its doors to businesses looking for any edge in a hyper competitive market. The Hamlet Fire is a remarkable and ultimately sad story about the hidden costs of American consumption and global systems of production at the end of the twentieth century. Stephen Hausmann is a doctoral candidate at Temple University and Visiting Instructor of history at the University of Pittsburgh. He is currently writing his dissertation, a history of race and the environment in the Black Hills and surrounding northern plains region of South Dakota, Wyoming, and Montana.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In his new book, The Pilbara: From the Deserts Profits Come (UWA Publishing, 2017), Bradon Ellem, Professor of Employment Relations at the University of Sydney Business School, explores the Pilbara region of Western Australia, a mining region central to the Australian economy and the Australian imagination, but one that few Australians truly know in depth. Focusing on the workers of the Pilbara, Ellem argues that despite the region’s history of unionism, the significant power-grab by companies in the 1980s meant that the great mining boom of the early 21st century favored company profits over union prophets. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In the decades following the end of the Second World War, the British economy evolved from a manufacturing-based economy to one driven by service industries, most notably finance. As Aled Davies explains in his book The City of London and Social Democracy: The Political Economy of Finance in Post-war Britain (Oxford University Press, 2017), this shift posed a challenge to the prevailing concept of social democracy in Britain, one to which politicians, particularly those on the left, struggled to respond. With British industry facing growing competition abroad, successive governments in the 1960s and 1970s sought investment capital in order to maintain that sector’s viability. Efforts were made to encourage institutional investors such as pension and insurance funds to devote more of their industrial investment to long-term development rather than short-term profit, while many on the left of the Labour Party in the 1970s advocated nationalizing the banks as a means of channeling resources into the sector. Such proposals, however, were countered with calls to liberalize and deregulate the financial sector, many of which were advanced by trade associations and other bodies within the financial sector whose growing influence reflected the increasing importance of the City both as a part of the economy and within national politics. Their success in resisting intervention, Davies concludes, presaged the market-driven approach pursued by Margaret Thatcher’s Conservative government after 1979, one which continues to define British policy down to the present day. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Analyzing land policy, labor, and legal history, Masterless Men: Poor Whites in the Antebellum South (Cambridge University Press, 2017) reveals what happens to excess workers when a capitalist system is predicated on slave labor. With the rising global demand for cotton – and thus, slaves – in the 1840s and 1850s, the need for white laborers in the American South was drastically reduced, creating a large underclass who were unemployed or underemployed. These poor whites could not compete – for jobs or living wages – with profitable slave labor. Though impoverished whites were never subjected to the daily violence and degrading humiliations of racial slavery, they did suffer tangible socio-economic consequences as a result of living in a slave society. The author examines how these ‘masterless’ men and women threatened the existing Southern hierarchy and ultimately helped push Southern slaveholders toward secession and civil war. Keri Leigh Merritt is an independent scholar from Atlanta, Georgia. She received her B.A. in History and Political Science from Emory University, and her M.A. and Ph.D. in History from the University of Georgia. Her research generally focuses on race and class in American history. Merritt’s work on poverty and inequality has garnered multiple awards, and she also writes historical pieces for the public, with letters and essays appearing in Aeon, on BillMoyers.com, and in The New York Times. In addition to Masterless Men, Merritt has a forthcoming co-edited book on southern labor history with University of West Georgia historian Matthew Hild tentatively titled Reviving Southern Labor History: Race, Class, and Power. She is also currently conducting research for two additional book-length projects; the first is on black resistance in the vastly understudied Reconstruction era, and the second project examines the changing role of law enforcement in the mid-nineteenth century south. Masterless Men: Poor Whites in the Antebellum South is her first book. James P. Stancil II is an educator, multimedia journalist, and writer. He is also the President and CEO of Intellect U Well, Inc. a Houston-area NGO dedicated to increasing the joy of reading and media literacy in young people. He can be reached most easily through his LinkedIn page or at james.stancil@intellectuwell.org.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Religion is big business nowadays. Within the global context of Muslim consumers Islamic commodities have become increasingly popular over the past few decades. Faegheh Shirazi, Professor in the Department of Middle Eastern Studies at the University of Texas at Austin, explores the industrial and discursive production of halal products in Brand Islam: The Marketing and Commodification of Piety (University of Texas Press, 2016). In the wake of increased insecurity due to the rise of anti-Muslim sentiments and policy, Islamic-branded products have become an essential means for shaping and expressing social identities. The commodification of a religious orientation has produced a halal consumerism that pervades the branding and marketing logic of several industries. In our conversation we discuss the corporatization of the halal food industry, Islamic products and non-Muslim publics, the politics of slaughtering animals, Islamic branded toys, such as hijabi dolls, cosmetic and toiletry products, and the Muslim fashion industry. Kristian Petersen is an Assistant Professor of Religious Studies at the University of Nebraska Omaha. He is the author of Interpreting Islam in China: Pilgrimage, Scripture, and Language in the Han Kitab (Oxford University Press, 2017). He is currently working on a monograph entitled The Cinematic Lives of Muslims, and is the editor of the forthcoming volumes Muslims in the Movies: A Global Anthology (ILEX Foundation) and New Approaches to Islam in Film (Routledge). You can find out more about his work on his website, follow him on Twitter @BabaKristian, or email him at kjpetersen@unomaha.edu. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics