New Books in Economics

Dariusz Wojcik, Professor of financial geography and co-founder of a global network on financial geography, discusses his groundbreaking work, 'Atlas of Finance.' He highlights the importance of visual storytelling in simplifying complex financial concepts and the collaborative efforts behind the atlas. Topics include the historical impact of English common law on finance, the need for diversity in financial research, and the evolution of climate finance. Wojcik also envisions future enhancements to financial literacy through engaging visuals and interactive content.

In this engaging discussion, Eric Helleiner, a political science professor at the University of Waterloo and author of "The Neomercantilists: A Global Intellectual History," explores the roots and implications of neo-mercantilism. He reveals how this ideology, stemming from diverse global traditions, challenges the Western-centric narrative of economic history. Helleiner highlights influential figures like Mohadev Govind Ranade in colonial India and examines the resurgence of protectionist policies amid contemporary disillusionment with free trade. A captivating look at how history informs present-day economic thought!

Mark W. Geiger, an independent scholar of economic history, discusses his book, 'Floor Rules: Insider Culture in Financial Markets.' He reveals how insider norms, or 'floor rules,' play a crucial role in the trading world, often dictating behavior more than formal regulations. Geiger shares thrilling stories, like that of B.P. Hutchinson’s dramatic 1888 wheat market corner and the manipulative tactics of the LIBOR scandal. He also touches on the aggressive culture within financial markets and the essential connections that influence success among traders.

In this session, sociologist Dan Hirshman and economic historian Dirk Philipsen illuminate the life of Simon Kuznets, the pioneer of GDP. They discuss how Kuznets' vision for national income measurement diverged from the contentious reality of its use. The conversation highlights the flawed nature of GDP and explores alternatives like the Genuine Progress Indicator and Human Development Index, advocating for a more comprehensive understanding of economic success that accounts for well-being and environmental impact.

Andrew deWaard, Assistant Professor of Media and Popular Culture at UC San Diego, delves into how Wall Street influences cultural production. He critiques the rise of derivative media, revealing how financial motivations damage creativity in film and music. DeWaard discusses the impact of hedge funds on media narratives and job security, using examples like '30 Rock' and the evolution of hip hop. He emphasizes the need for a critical understanding of media's financialization to protect original content in an increasingly corporate landscape.

Matilde Masso, an Associate Professor of Sociology at the University of A Coruña, dives into the transformative nature of money in today's digital age. She discusses how money shapes social structures and justice, especially in light of the 2007-8 financial crisis. Masso critiques current digital currencies for their investment focus and advocates for innovations that address societal challenges, such as aging populations. The conversation highlights the evolving role of monetary systems, including Central Bank Digital Currencies, in promoting social cohesion and welfare.

Deborah Valenze, Ann Whitney Olin Professor of History at Barnard College, challenges Thomas Malthus's theories on population and food scarcity. She uncovers the diverse practices of subsistence that Malthus overlooked, such as hunting and gathering. Valenze critiques the colonial implications of Malthus's work, emphasizing biases against indigenous practices. She argues for a broader understanding of human livelihoods, suggesting that the misinterpretations of scarcity continue to influence modern economic thought and responses to poverty.

Join Dinesh Paudel, a professor focused on sustainable development and infrastructure in the Himalayas, and Aaron Magunna, a PhD student examining Asian responses to geopolitical tensions. They discuss the role of India in the Second Cold War, exploring how local histories shape relations with China. The conversation highlights regional dynamics, Nepal's strategic balancing act, and the implications of China's Belt and Road Initiative on infrastructure. They also tackle India's manufacturing challenges amidst these geopolitical shifts and environmental concerns.

In this discussion, Kevin Sanson, a Professor of Media Studies at Queensland University of Technology, explores the global evolution of Hollywood. He examines how the industry has become decentralized, shifting production away from Los Angeles. Sanson highlights the vital roles of 'below the line' workers and the complexities they face in diverse environments. He also sheds light on the changing landscape in Eastern Europe and the film industry's adaptation to new market forces, emphasizing the need for advocacy to improve labor conditions in the face of evolving demands.

Tevi Troy, an acclaimed presidential historian and former senior White House aide, explores the intense interactions between U.S. presidents and corporate titans in his new book. He dives into historical clashes, shedding light on figures like Rockefeller and Ford, and how they shaped politics and policy. Troy reveals how CEOs have become crucial in the regulatory landscape, influencing decisions with their alliances or confrontations with presidents. The conversation also touches on the evolving role of media moguls and technology in political campaigning.