New Books in 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

In The Rag Race: How Jews Sewed Their Way to Success in America and the British Empire (New York University Press, 2015), Adam Mendelsohn, Associate Professor of History at the University of Cape Town, embarks on a comparative exploration of Jews in the rag (or clothing) trade in the British Empire and the U.S. Differences within the garment industries in, for example, London and New York, explain the divergence in social and economic outcomes for Jews in each setting. Mendelsohn’s narrative helps us better understand the limits of “cultural,” and other, explanations for modern Jewish economic mobility. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Two Canadian political science professors contend that the grotesque inequities of the capitalist system feed hatred, nourish misogyny, promote chronic dispossession and wreak havoc on the environment. In their new book, The Servant State: Overseeing Capital Accumulation in Canada, (Fernwood, 2015), Geoffrey McCormack and Thom Workman, add that [o]nly when humanity moves beyond this system of social and natural exploitation will the well-being of all improve. Their book suggests, however, that moving beyond capitalism in advanced, industrial countries will not be easy since such states are ruled by governments that consistently serve the interests of the capitalist business class, helping it accumulate the machinery and equipment that are the means of capitalist production. They argue that the capitalist state also reinforces the coercive nature of capitalism with labour market policies designed to force workers into accepting jobs even if they’re poorly paid and insecure. In The Servant State, McCormack and Workman focus on how Canada weathered the global financial crisis of 2008. The book examines why Canada fared better economically than the U.S. and outlines the steps the Canadian government took to serve and protect capitalism during its latest crisis. Drawing on Marxian theory, the authors seek to move beyond what they describe as the smooth and oftentimes complacent discourse about Canadian capitalism to focus instead on the essential nature of the capitalist system. They write, this study embraces the spirit of rejection rather than indignation, the spirit of repudiation rather than conciliation. Geoffrey McCormack is assistant professor of political science at Wheelock College in Boston while Thom Workman teaches in the political science department at the University of New Brunswick, Fredericton. They spoke to the New Books Network at the university library in Sackville, New Brunswick. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Ho-fung Hung‘s new book has two main goals: to to outline the historical origins of Chinas capitalist boom and the social and political formations in the 1980s that gave rise to this boom, and to explore the global effects of Chinas capitalist boom and the limit of that boom. In doing so, The China Boom: Why China Will Not Rule the World (Columbia UP, 2016) offers a timely and provocative account of the emergence and transformations of capitalism in modern China, and of the consequences of its entanglements with the rest of the world for the global political economy. In addition to an in-depth assessment of the Chinese economy, readers will find fascinating discussions of Chinas relations with Africa and Latin America, as well as some thoughtful comparative considerations. Hung’s book traces the rise of capitalism in China from the seventeenth century through today, and uses this historical grounding to point to possible futures. The China boom, Hung maintains, is destined to collapse. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Resistance to the industrial food system has, over the past decades, led to the rise of alternative food movements. Debate about genetically modified food, sugar consumption, fast food and the obesity crisis (to name a few) is pervasive. Most often, this focuses on individual consumer choice. Garrett M.Broad argues, however, for the importance of community level initiative. He maintains that the vote with your fork movement obscures the structural foundation of the corporate food system. The alternative food movements, as a whole, fail to recognize that the inequities in the food system are connected to histories of racial and economic discrimination. Broad’s book More Than Just Food: Food Justice and Community Change (University of California Press, 2016) examines the work of community-based food justice groups operating in South Los Angeles, like Community Services Unlimited (CSU). Founded as an arm of the South California Black Panther Party, CSU organizes at a grassroots level to provide community access to food, while using food as a means to foster consciousness and promote a broader movement for social justice. More Than Just Food narrates the stories of these organizations, evaluates the pitfalls and possibilities of community-level initiative, and highlights the problematic position of local groups working with national non-profit organizations, and governmental and corporate agencies. Through his engaged scholarship and nuanced analysis, Broad offers us a study of specific movements in their local context and makes recommendations to help future movements organize and act effectively. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What do jeans tell us about the contemporary world? They provide the starting point for Lynne Pettinger‘s Work, Consumption and Capitalism (Palgrave Macmillan, 2015). Pettinger, an associate professor of sociology at the University of Warwick, examines the interrelationships between work and consumption, bringing a global perspective to these intertwined areas of social life. The book introduces core theories of capitalism, work, bodies, emotions and markets, with key examples including the fashion industry and other ‘aesthetic’ economies. The book has a profound concern with the ethics of work and consumption, challenging ideas of what a good job or good work may be. Well written, with accessible examples and easy to follow discussions of complex ideas, Work, Consumption and Capitalism will be of interest to a range of social science scholars and students. Dave OBrien is the host of New Books In Critical Theory and is a Senior Lecturer in Cultural Policy at the Institute for Cultural and Creative Entrepreneurship, Goldsmiths College, University of London. His research covers a range of areas between sociology and political science, including work on the British Civil Service, British Cultural Policy, cultural labour, and urban regeneration. His most recent books are Cultural Policy: Management, Value and Modernity in the Creative Industries and After Urban Regeneration (edited with Dr Peter Matthews). He tweets@Drdaveobrien Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy (Verso Books, 2015), Linsey McGoey proposes a new way of discussing philanthropy and, in doing so, revives associated historical debates often overlooked at present: from the ethics of clinical trials to industrial labor organizing in the early 20th century to global financial regulation. Tracing theological and industrial origins, among others, of what is now the field of philanthropy, Dr. McGoey asks how these institutions fit into the larger global economy. More broadly, McGoey suggests that capitalism has become the bedrock of many philanthropic social change efforts, reflected in the terms philanthrocapitalism, impact investment, and social enterprise among others. What, then, are the most appropriate questions to ask about regulation, morality, well-being, accountability, and profitability? No Such Thing As A Free Gift starts by examining the industry in the language of monopolies, investments, regulation, taxes, and democratic participation. Political philosophy and economic justice bookend several of the book’s core arguments, aiming to revisit earlier debates on the relationship between private wealth and the public good, often insisting that these questions are not only relevant to the current philanthropic landscape, but dictate it. While the Bill and Melinda Gates Foundation is the unapologetic focus of the book, its chapters frame an important set of questions about the role of transnational, largely undemocratic institutions, in local and global policy-making. Anna Levy is an independent researcher and policy analyst with interests in critical political economy, historical memory, histories and philosophies of normalization, accountability politics, science & technology, and structural inequality. She is based in Brooklyn, NY and Amman, Jordan. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Lawrence Jacobs and Desmond King are the authors of Fed Power: How Finance Wins (Oxford UP, 2016). Jacobs is the Walter F. and Joan Mondale Chair for Political Studies and Director of the Center for the Study of Politics and Government in the Hubert H. Humphrey School and the Department of Political Science at the University of Minnesota. King is the Andrew W. Mellon Professor of American Government at the University of Oxford and Professorial Fellow, Nuffield College, Oxford. Lawrence Jacobs and Desmond King’s Fed Power follows the Federal Reserve Banks historic development from the 19th century to its current position as the most important institution in the American economy, possessing considerable autonomy to intervene in private markets. Despite its power and considerable resources, Jacobs and King claim that the Fed was asleep at the wheel when the recent economic crisis hit. The Fed acted swiftly to contain the crisis, but in the process exposed its strong favoritism. The authors dissect how the Fed’s programs during the Great Recession funneled enormous sums to a select few in the finance industry while leaving Main Street businesses adrift and millions of homeowners underwater. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Labour consciousness is not just class-based; it also emerges out of cultural identities, as Tran Ngoc Angie argues powerfully in Ties that Bind: Cultural Identity, Class, and Law in Vietnam’s Labor Resistance (Cornell University Press, 2013). Vietnamese workers habitually form relationships based on native place, ethnicity, religion and gender. At critical class moments, as Tran calls them, these workers can also succeed in transcending or building on their cultural ties to form larger movements for labour rights. Through detailed study of 33 cases from French colonial Indochina to present day Vietnam, Tran tracks labour activism across a range of political and economic conditions, industries and sectors. Concentrating on the period since economic reform and liberalization from 1986 to the present, she compares worker agency in state-owned and equitized factories, factories with foreign-direct investment and domestic privately owned factories, to arrive at findings that speak to conditions not only in Vietnam today, but also to the lives and struggles of workers across much of Southeast and East Asia. Angie Tran joins New Books in Southeast Asian Studies to talk about trends in labour unrest in Vietnam, the importance of legal claims to workers rights, cicada factories, and time taken to read graffiti on toilet walls. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Jefferson Cowie is the James G. Stahlman professor of history at Vanderbilt University. His book The Great Exception: The New Deal and the Limits of American Politics (Princeton University Press, 2016) interprets the New Deal as a massive but unstable experiment from the main of American political culture. Against arguments that the New Deal was the product of the American penchant for reform, Cowie asserts that it was a remarkable historical detour. The Great Depression and WWII were specific historical circumstances that wrought a short-lived effort for central government intervention in securing collective economic rights. Unions flourished, industrial workers gained job security and good wages, and the country enjoyed a relative amount of political cohesion. Multiple legislative measures and the growth of unions offered a countervailing power against corporate wealth accumulation and promised a bright economic future. Several enduring fissures in political culture would all but undo the New Deal after the 1970s. The long tensions over immigration, religious and racial hostility, the frailty of unions, and the ideology of Jeffersonian individualism remained and assured that the new interventionist role for the state would not last. By examining the birth of New Deal and its decline, Cowie locates a legacy of individual rights that stood against its long-term viability. As the central government has continued to expand under free market ideology, collective initiatives are being led at the local and state level by a cross-class neo-progressivism organizing labor and advocating for immigrants and other minorities. While the New Deal gave way to free market ideology, the future may lie in a new imaginary rising from below. Lilian Calles Barger, www.lilianbarger.com, is a cultural, intellectual and gender historian. Her current book project is entitled The World Come of Age: Religion, Intellectuals and the Challenge of Human Liberation.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics