New Books in Economics

The relationship between religion and economic activity has attracted generations of scholars working in myriad settings. In recent years, many have turned to questions of how Islamic ideas are generative of economic activity, to Islamic finance and capital, and to the relationship between contemporary Islam and capitalism more broadly. In Corporate Islam: Sharia and the Modern Workplace (Cambridge University Press, 2017), Patricia Sloane-White builds on this work by asking “not only how the spread of global capitalism transforms the lives of Muslims… but how capitalism empowers the spread of Islam.” Drawing from interviews and ethnographic fieldwork over a seven-year period, and a wealth of knowledge from over two decades of research in Malaysia, Sloane-White argues that the “sharia space” of the today’s corporate Islamic workplace is a third domain between the public and the private in which employees must submit to the guidance of their professional and personal lives by men who insist that their businesses can and must be both profitable and pious. Patricia Sloane-White joins New Books in Southeast Asian Studies to talk about Malaysia’s self-styled men of the mosque and the market; the new nexus between Islamic scholars and CEOs; the decline of the bumiputera generation; sexuality, gendered divisions of labour, and the problem of patriarchy in the capitalist workplace everywhere. Listeners of this episode may also be interested in: Iza Hussin, The Politics of Islamic Law: Local Elites, Colonial Authority and the Making of the Muslim State Meredith Weiss, Student Activism in Malaysia: Crucible, Mirror, Sideshow Nick Cheesman is a fellow in 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

To remember Nathaniel Bowditch today primarily for his famous navigational textbook is to acknowledge only one of his many achievements. As Tamara Plakins Thornton demonstrates in her book Nathaniel Bowditch and the Power of Numbers: How a Nineteenth-Century Man of Business, Science, and the Sea Changed American Life (University of North Carolina Press, 2016), Bowditch’s legacy is one that endures in a surprising range of fields. The son of a luckless merchant captain, Bowditch grew up in the early years of the new republic. At an early age he was apprenticed at a young age to a ship’s chandler, which introduced him to the world of maritime commerce. His aptitude for mathematics led him to identify numerous errors in the standard navigational text he used while on commercial voyages, and his revisions established the book colloquially known by his name today. Yet this was only at the beginning of a long and prosperous career in business, as he moved from commerce to insurance and banking. As Thornton explains, Bowditch’s mathematically-honed passion for order and precision was employed to systematize traditionally irregular business practices in ways that are reflected in the modern workplace, while his use of trusts to preserve family fortunes ensured the perpetuation of an entire New England social class. Such was his success that Bowditch became one of the Brahmin elite of nineteenth-century Boston society, while his achievements in mathematics and astronomy helped to make him a national icon by the time of his death. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The new German Democratic Republic, known as East Germany, faced many challenges when it was founded in 1949. Not least of which was convincing its citizens that they should be loyal to the new state and mobilizing the population towards its ideological goals. In The People’s Own Landscape: Nature, Tourism and Dictatorship in East Germany (University of Michigan Press, 2014), Scott Moranda explores how the Socialist Unity Party (SED) attempted to use tourism and landscape planning to reshape East Germans’ definition of their homeland. He also demonstrates the messy boundaries between state and society, in which East Germans refused to change patterns of pre-World War II nature activities such as hiking and camping; conservationists and the regime found common ground on concepts of landscape management; and environmentalism resulted in a fundamental break between society and the state. The People’s Landscape contributes to our understanding of East Germany’s environmental history as well as to our understanding of the nuances of the relationship between state and society under dictatorships. Scott Moranda is Associate Director of History at SUNY Cortland. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What is life like in the aspirational economy? In (Not) Getting Paid to Do What You Love: Gender, Social Media and Aspirational Work (Yale University Press, 2017) Brooke Erin Duffy, an assistant professor in the Department of Communication at Cornell University, explores the working life of bloggers, social media stars, and online influencers (not) making a living in and around the fashion industry. The core of the book is the idea of aspirational labour, which captures the demands of trying to get in and get on in this precarious form of work. Aspirational labour is theorised in conjunction with gender and the broader inequalities of production and consumption in consumer culture. The book then uses this frame to explore the big winners of the social media economy, alongside detailing the hidden costs to being authentic and effortless online, as well as reflecting on the impact of aspirational labour on many other areas of economy and society. The book is packed with rich and detailed interview data, and is essential reading for anyone seeking to understand contemporary consumer culture. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Is Marx still relevant? Any social scientist will answer with a resounding yes! In what he refers to as a thought experiment, Ivan Ascher uses Marx to understand the financial market. In Portfolio Society: A Capitalist Mode of Prediction (Zone Books, 2016), Ascher focuses on the arc and narratives found in Capital, using them to analyze risk, credit, and the financial market downfall of 2008. Ascher encourages the reader to explore how we might be able to understand what is going on today by looking back at Marx’s understanding of capitalism. The reader will come across familiar characters, like moneybags and vampires, and familiar concepts from Marx, like fetishism and co-dependence within the market. The nice thing about this book is that you do not need prior knowledge of Marx or financial markets, though those who have knowledge of either or both will still find great pleasure in this thought experiment. This book would be enjoyed by sociologists or political scientists in general, alongside those interested in financial markets. It would be especially useful in a theory course where students could make connections between Marx and Ascher’s narratives. Sarah E. Patterson is a postdoc at the University of Western Ontario. You can follow and tweet her at @spattersearch. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Dominant social norms and expectations shape how individuals and their public activities are understood. In Roman antiquity, various shifts influenced the production and dissolution of prejudices towards certain types of occupations. In Trade and Taboo: Disreputable Professions in the Roman Mediterranean (University of Michigan Press, 2016), Sarah Bond, Assistant Professor of Classics at the University of Iowa, explores the legal, social, and literary modes of persecution and stigmatization of unseemly occupations and voluntary associations. One’s membership in Roman society was often regulated through reputation and social position. Criers, funerary workers, and tanners were among the many trades that were viewed as unwholesome, marginalizing these individuals from the broader community. Over time there were shifts in social perceptions of certain types of work, often catalyzed by religious communities. In our discussion we talked about taboos as an analytical category, reading soundscapes in ancient texts, views of death, corpses, and pollution, the social context of tanners and their odors, mint workers and state labor, bakers and sensual trades, gladiators, archeological topography, the role of Christian and Jewish communities in shaping social norms, and maybe surprisingly, rednecks, the field of Classics, blogging, how to do good public scholarship, the Women of Ancient History database, and how walls embody emotions of fear. 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

Labor markets are not what they used to be, as Ilana Gershon argues in Down and Out in the New Economy: How People Find (or Don’t Find) Work Today (University of Chicago Press, 2017). Job seekers are increasingly being taught that they need to sell themselves as if they were their own business, and what will set them apart from other applicants is not their skills or their experience, but the distinctiveness of their brand. Join us for a provocative discussion about how workers are being taught to position themselves to employers, and how modern labor markets, as a consequence, differ from those in the past — and why that matters. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

We are accustomed to the thought that individuals facing dire circumstances may rightfully take use of others’ property in order to save their own lives. For example, one thinks it obvious that in order to avoid freezing to death, a lost mountain hiker may rightfully break into and make use of a heated cabin that is not his property. But what justifies this idea? And what are its implications for a world where millions are subjected to sustained and systematic depravation? In The Right of Necessity: Moral Cosmopolitanism and Global Poverty (Rowman and Littlefield, 2016) Alejandra Mancilla defends the idea that under the current global order, those who are subject to such systematic depravation have a right to take, use, seize, and occupy what is needed in order to satisfy requirements for basic subsistence. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In The Space of Boredom: Homelessness in the Slowing Global Order (Duke University Press, 2017) Bruce O’Neill explores how people cast aside by globalism deal with an intractable symptom of downward mobility: an unshakeable and immense boredom. Focusing on Bucharest, Romania, where the 2008 financial crisis compounded the failures of the postsocialist state to deliver on the promises of liberalism, O’Neill shows how the city’s homeless are unable to fully participate in a society that is increasingly organized around practices of consumption. Without a job to work, a home to make, or money to spend, the homeless—who include pensioners abandoned by their families and the state—struggle daily with the slow deterioration of their lives. O’Neill moves between homeless shelters and squatter camps, black labor markets and transit stations, detailing the lives of men and women who manage boredom by seeking stimulation, from conversation and coffee to sex in public restrooms or going to the mall or IKEA. Showing how boredom correlates with the downward mobility of Bucharest’s homeless, O’Neill theorizes boredom as an enduring affect of globalization in order to provide a foundation from which to rethink the politics of alienation and displacement. Nivedita Kar is a student at the University of Southern California, having graduated from UCLA with a double major in Anthropology and Statistics and a masters degree for Northwestern University in biostatistics and epidemiology. She is immersed in the realm of academia and medicine, she hopes to be one of the rare few who aim to bridge the gap between clinical literacy and statistical methods. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

We are nearly a decade removed from the start of the Great Recession, and many indicators show that the economy is doing relatively well. But during this economic catastrophe, a significant number of people faced long-term unemployment, especially in the manufacturing sector. Jobs that were once the picture of stability and security, and that helped form a vibrant post-war middle class in the United States, disappeared as companies downsized, outsourced, and retooled. In his book, Cut Loose: Jobless and Hopeless in an Unfair Economy (University of California Press, 2015), Assistant Professor of Sociology Victor Tan Chen examines former autoworkers—perhaps the most iconic of blue-collar American jobs—and their experiences with long-term unemployment. Upon getting laid off from their jobs, these workers confront a completely different labor market from what they were used to. No longer can they succeed based solely on hard work—the idea of meritocracy that they have all embraced as an ideal. They learn about the higher education they need, the soft skills many jobs require, the social networks they lack, and the constant self-branding workers must now do. Believing in meritocracy, and in society’s widespread culture of judgment, these workers come to blame themselves for their shortcomings and failure to adapt to the realities of today’s economy. Their lives spiral downward as they cope with strained familial relationships, personal mental illness, and a society that has tossed them aside while simultaneously saying they are to blame for their own problems. Fascinatingly, Chen finds that these conditions and consequences mostly hold true for autoworkers in Canada, which is often lauded for its stronger and broader social safety net, as it does in the United States. With great empathy and astute analysis, Cut Loose shows the human side of economic transformations bereft of sound public policies and collectivist strategies Richard E. Ocejo is associate professor of sociology at John Jay College and the Graduate Center of the City University of New York (CUNY). He is the author of Masters of Craft: Old Jobs in the New Urban Economy (Princeton University Press, 2017), about the transformation of low-status occupations into cool, cultural taste-making jobs (cocktail bartenders, craft distillers, upscale mens barbers, and whole animal butchers), and of Upscaling Downtown: From Bowery Saloons to Cocktail Bars in New York City (Princeton University Press, 2014), about growth policies, nightlife, and conflict in gentrified neighborhoods. His work has appeared in such journals as City & Community, Poetics, Ethnography, and the European Journal of Cultural Studies. He is also the editor of Ethnography and the City: Readings on Doing Urban Fieldwork (Routledge, 2012) and serves on the editorial boards of the journals Metropolitics, Work and Occupations, and the Journal for Undergraduate Ethnography. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics