New Books in Economics

Christopher Faricy makes a return visit to New Books Network for Part II of a conversation about Welfare for the Wealthy: Parties, Social Spending, and Inequality in the United States (Cambridge University Press, 2016) and the ways in which the U.S. welfare state is configured to obscure its real beneficiaries. We’ll also talk with Prof. Faricy about what a Trump Presidency and unified Republican control of Congress might mean for tax policy, social spending, and inequality. 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, 2017). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

American social welfare programs are rife with fraud — but its not the kind of fraud most people think of. Daniel Hatcher, Professor of Law at the University of Baltimore, in The Poverty Industry: The Exploitation of America’s Most Vulnerable Citizens (NYU Press, 2016), shows us the ways in which for-profit corporations and state governments alike have generated revenues through the (sometimes legal, sometimes illegal) exploitation of the poorest and most vulnerable Americans. 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 Peoples 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, 2017). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Ever since the accidental discovery of oil in Perm in 1929, the so-called “Second Baku” has been known to be an industrial hub as well as the home to a GULAG labor camp. In post-Soviet times, however, Perm has become a new cultural center on Russia’s map. In his book The Depths of Russia: Oil, Power, and Culture after Socialism (Cornell University Press, 2015), Douglas Rogers discusses the role which oil, the precious resource hidden in the depths of the Earth, played in Perm’s story. Conceptually innovative, this book invites the readers to think about the co-production of natural resources and culture and the role state and corporation structures play in this process. In the Perm region, the Lukoil company has been adept at the production of new cultural identity of Perm as a vibrant post-industrial capital, and became the lead sponsor of historical and cultural revival of the city through its high-profile corporate social responsibility work. Douglas argues that Lukoil’s cultural activities helped to recast the Soviet-era identity formation patterns and facilitated Perm’s regaining its cultural authenticity and belonging after the collapse of the Soviet Union. Olga Breininger is a PhD candidate in Slavic and Middle Eastern Studies at Harvard University.Her research interests include post-Soviet culture and geopolitics, with a special focus on Islam, nation-building, and energy politics. Olga is the author of the novel There Was No Adderall in the Soviet Union and columnist at Literatura.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

For Breast Cancer Awareness Month, we hear from Patricia Strach, the author of Hiding Politics in Plain Sight: Cause Marketing, Corporate Influence, and Breast Cancer Policymaking (Oxford University Press, 2016). Strach holds a dual appointment in the Departments of Political Science and Public Administration at the University of Albany, State University of New York. Hiding Politics in Plain Sight examines the politics of market mechanisms–especially cause marketing–as a strategy for public policy change. Strach shows that market mechanisms, like corporate-sponsored walks or cause-marketing, shift issue definition away from the contentious processes in the political sphere to the market, where advertising campaigns portray complex issues along a single dimension with a straightforward solution: breast cancer research will discover a cure and Americans can support this by purchasing specially-marked products. This market competition privileges even more specialized actors with business connections. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How do new policies move from one city or country to another, and is there something distinct about how those transfers work in our perpetually accelerating and ever-more interconnected world? Join us as Jamie Peck, Canada Research Chair in Urban & Regional Political Economy and Professor of Geography at the University of British Columbia, talks about his and Nik Theodore’s new book, Fast Policy: Experimental Statecraft at the Thresholds of Neoliberalism (University of Minnesota Press, 2015). 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, 2017). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

On the podcast this week is Daniel Amsterdam, author of Roaring Metropolis: Businessmen’s Campaign for a Civic Welfare State (Penn Press, 2016). He is assistant professor in the School of History and Sociology at Georgia Institute of Technology. Many have claimed that we are living in a second Gilded Age, marked by the same extreme wealth and high levels of inequality as the early part of the previous century. Amsterdam takes us back to this time period to investigate how the Gilded Age addressed poverty and the role of the business community. Roaring Metropolis describes the rise of urban capitalists at the turn of the last century. Far from anti-government zealots, Amsterdam shows that business leaders pushed for extensive government spending on social programs. They advocated for public schooling, public health, the construction of libraries, museums, parks, and playgrounds. As Amsterdam demonstrates, public spending soared in American cities, especially Detroit, Philadelphia, and Atlanta, during the period due in part to businessmen’s political activism. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

With the recent economic collapse and rising income inequality, lessons drawn from turn-of-the century capitalism have become frequent. Pundits, policymakers, and others have looked to the era to find precursors to an unregulated market, corrupt bankers, and severe economic inequality. The comparisons are often too simple, however. In their new book, The Cotton Kings: Capitalism and Corruption in Turn-of-the-Century New York and New Orleans (Oxford University Press, 2015), Barbara Hahn and Bruce Baker examine capitalism at the turn of the century, telling a more nuanced story about the cotton market, politics, and regulation. The Cotton Kings examines the ups and downs of the cotton futures market, explaining how cotton brokers were able to keep cotton prices low by controlling information. This enriched the brokers, but impoverished farmers. A small group of brokers in New Orleans successfully cornered the market in the early 1900s, in effect, self-regulating the cotton market and raising prices for years. The Cotton Kings traces the exciting story of this turn of events and explains why such self-regulation was not enough in the long run. Ultimately, The Cotton Kings makes a strong argument in favor of federal regulation to control corruption and help farmers and manufacturers alike. In this episode of the podcast, Hahn and Baker explain this cotton futures market and its ups and downs around the turn-of-the century. They also discuss some of the heroes and dramatic episodes of the historical moment. Finally, they discuss the lessons from that time for our present moment. Christine Lamberson is an Assistant Professor of History at Angelo State University. Her research and teaching focuses on 20th century U.S. political and cultural history. She’s currently working on a book manuscript about the role of violence in shaping U.S. political culture in the 1960s and 1970s. She can be reached at clamberson@angelo.edu. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

During the 18th century English country houses served an important function in their society as stages for the display of the status and power of the landed aristocracy. As Jon Stobart and Mark Rothery demonstrate in Consumption and the Country House(Oxford University Press, 2016), though, they also played a revealing role as centers of consumption. Using three aristocratic families from the Midlands as case studies, Stobart and Rothery survey their patterns of spending over several generations, revealing the factors that shaped them. This spending, they argue, was not constant but instead saw fluctuations that coincided with life events, such as deaths and inheritances. Such dramatic changes were followed by the acquisition of goods that often were then used to create venues for these families to display their elite identity, with pursuit of the fashionable often tempered by issues of taste, rank and lineage. Stobart and Rothery’s analysis is not confined to large expenditures, however, as they also examine the more mundane spending necessary to keep these large households functioning and the gendered spheres that often defined the roles played by husband and wife in purchasing goods and services. Their analysis of these activities helps to refine our understanding of country houses, demonstrating how they were not the static exhibits we know today but fluid environments in which families left an ever-changing imprint. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Accounts of late-nineteenth-century US expansionism commonly refer to an open-door empire and an imperialism spurred by belief in free trade. In his new book The “Conspiracy” of Free Trade: The Anglo-American Struggle over Empire and Economic Globalization, 1846-1896 (Cambridge University Press, 2016), Marc-William Palen challenges this commonplace. Instead, he notes, American adherents to Richard Cobden’s free-trade philosophy faced off against and ultimately lost to a powerful version of protectionist economic nationalism inspired by German-American economic theorist Friedrich List. The success of Listian protectionism spurred closed-door, aggressive US expansionism and also challenged free-trade orthodoxies in Britain, where political-economic policy also shifted toward protectionism by the end of the nineteenth century. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Mumbai is in many ways the paradigmatic city of India’s celebrated economic upturn, but the city’s transformation went hand-in-hand with increasing water woes. In Pipe Politics, Contested Waters: Embedded Infrastructures of Millennial Mumbai (Duke University Press, 2015), Lisa Bjorkman, Assistant Professor of Urban and Public Affairs at the University of Louisville, moves from slums to elite enclaves in analyzing the processesof mapping and politics in the city’s watery infrastructures. Exploring the workings of secondary markets, water brokers, and planning offices she reveals how power, knowledge and authority over how when and why water flows are being reconfigured as Mumbai makes itself a “world class”city. Winner of the 2014 Joseph W. Elder Prize in the Indian Social Sciences the book is both profoundly intimate in its ethnographic depth and wonderfully ambitious with its theoretical reach.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics