New Books in Economics

In his new book Rigging The Game: How Inequality is Reproduced in Everyday Life (Oxford University Press, 2014), Michael Schwalbe identifies the roots of inequality in the appearance of economic surplus as human societies transitioned from communal hunting and gathering societies to forms of sedentary agricultural production that enabled a few to live off the surplus produced by the many. This immanently historical and human development of a class-stratified society was subsequently reified by the exploiting few, and made to appear to others as being the result of divine or natural forces that could not be altered. Schwalbe then reveals the present-day forms of reification used by the wealthy (the American 1%) to justify their privilege to keep poor and working class from imagining a better world and the way to reach it. The book is rich with pedagogical insight and suggestions for classroom use. In this interview Schwalbe responded to questions about his educational philosophy and views on the 2016 presidential campaign. Jerry Lembcke can be reached at jlembcke@holycross.edu and Ellis Jones at ejones@holycross.edu. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Waste into Weapons: Recycling in Britain during the Second World War (Cambridge University Press 2015), Peter Thorsheim explores the role of waste and recycling in Britain under conditions of total war. Thorsheim argues wartime salvage efforts linked civilians socially as well as materially to the war. Salvage drives served to focus people’s efforts and helped them make sense of the events around them and their role in the conflict. The ebb and flow of resource scarcity served as a metric in which to measure changing military and strategic concerns against the Axis, but also complicated the wartime alliance between the British Empire and the United States. Although essential for national survival, Thorsheim shows how wartime salvage tended to alienate as much as unite the British public. Vigorous, but often ill-conceived, salvage efforts led to infringements of civil liberties, destroyed historical artifacts, and damaged private property. Some materials were never recycled and left to languish in enormous dumps long after the end of the war. The national salvage effort angered thousands and left many without compensation for their losses, souring a generation on recycling. Unlike the environmental movement of the 1970s, Waste into Weapons shows recycling was a means to further destruction rather than conservation. Thorsheim’s book sheds light on a little known episode in environmental history and provides alternative genealogy of recycling in the twentieth century. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The new edited volume by Francesca Bray, Peter Coclanis, Edda Fields-Black and Dagmar Schafer is a wonderfully interdisciplinary global history of rice, rooted in specific local cases, that spans 15 chapters written by specialists in the histories of Africa, the Americas, and several regions of Asia. Rice: Global Networks and New Histories (Cambridge University Press, 2015) creates a conversation among regional and disciplinary modes of studying and narrating rice histories that have often been conducted in isolation. Specifically, the project brings together two large-scale debates that emerge from very different rice historiographies: the “Black Rice” and “agricultural involution” debates frame the inquiry here, and as you listen to my conversation with Francesca and Dagmar (the two co-editors with whom I spoke for the podcast) you’ll hear them offer an overview of the nature and stakes of both of those areas of inquiry. In the course of the conversation we also had a chance to talk about the collaborative process that produced the volume, a process that successfully maintained the specificity of the local case studies while still enabling authors to contribute to and participate in a common, global conversation that made new kinds of comparisons possible. Enjoy! Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Capitalism in the Web of Life: Ecology and the Accumulation of Capital (Verso, 2015), author Jason W. Moore seeks to undermine popular understandings of the relationship among society, environment, and capitalism. Rather, than seeing society and environment as acting on an external, nonhuman nature, Moore wants us to recognize capitalism-in-nature. For Moore, seeing society and environment as separate has hampered clear thinking on the problems we face, such as climate change or the end of cheap nature, as well as political solutions to these issues. His book is an analysis of the interrelationship of capitalism and nature over the past few centuries as well as a critique of important environmental concepts such as the Anthropocene. Moore is assistant professor of sociology at SUNY-Binghamton and coordinator of the World Ecology Research Network. This book is a product of over a decade of research and writings on world ecology and evidence of his wide-ranging scholarship. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Yankel’s Tavern: Jews, Liquor, and Life in the Kingdom of Poland (Oxford UP, 2014), Glenn Dynner, Professor of Religion at Sarah Lawrence College, explores the world of Jewish-run taverns in nineteenth-century Eastern Europe. Jews had to fend off reformers and government officials that sought to drive Jews out of the liquor trade. Dynner argues that many nobles helped their Jewish tavernkeepers evade fees, bans, and expulsions by installing Christians as fronts for their taverns, revealing a surprising level of Polish-Jewish co-existence that changes the way we think about life in the Kingdom of Poland. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

So many of our social questions are now the subject of analysis from economics. In A Richer Life: How Economics can Change the Way We Think and Feel (Penguin, 2015), Phillip Roscoe, a reader at the University of St Andrew’s School of Management, offers a critique of the long march of economics into social life. The book covers a vast range of social examples, including dating, organ transplantation, and education, alongside accessible engagements with historical and contemporary economic theory. Using personal examples as well as academic expertise, Roscoe’s book offers a primer in the social cost of economics, as well as what we can do to resit and challenge economistic modes of thought. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Ronald P. Formisano has written Plutocracy in America: How Increasing Inequality Destroys the Middle Class and Exploits the Poor (Johns Hopkins UP, 2015). Formisano is the William T. Bryan Chair of American History and professor emeritus of history at the University of Kentucky. Are those in the United States living in a plutocracy? Formisano offers a full-throated “definitely, yes.” His wide-ranging book explores the nature of inequality, the role political institutions play in perpetuating inequality, and several ways to change the status quo. Plutocracy in America is a provocative read about the status of the country today. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Though the conventional history of the U.S.-led “War on Drugs” locates the origins of this conflict in a reaction to the domestic culture of excess of the 1960s, a new book argues that international drug control efforts are actually decades older, and much more imbricated with the history of U.S. access to international markets, than we have previously thought. Suzanna Reiss’s We Sell Drugs: The Alchemy of US Empire (University of California Press, 2014) uncovers this history by tracing the transnational geography and political economy of coca commodities–stretching from Peru and Bolivia into the United States, and back again. The book examines how economic controls put in place during WWII transformed the power of the U.S. pharmaceutical industry in Latin America and beyond, and gave rise to new definitions of legality and illegality–definitions that were largely premised on who grew, manufactured, distributed, and consumed drugs, and not on the qualities of the drugs themselves. Drug control, she shows, is a powerful tool for ordering international trade, national economies, and society’s habits and daily lives. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Shellen Wu‘s new book is a fascinating and timely contribution to the histories of China, science, technology, and the modern world. Empires of Coal: Fueling China’s Entry into the Modern World Order, 1860-1920 (Stanford University Press, 2015) brings readers into the nineteenth century industrialization of China, when coal became the “fuel of a ‘new’ imperialism.” Wu’s book asks how China came to matter in a new modern world order of the nineteenth century that was built on a perception that coal was a measure of a country’s standing in the world. In answering that question, Empires of Coal looks carefully at the importance of mining (including state management and legal regulation thereof) to the political economy of late imperial China. As geology developed into an independent discipline separate from geography, it help colonizers cement their power by aiding efforts to extract valuable mineral deposits from the colonies. Wu traces the archive produced in this context as coal became crucial not just to foreign interest in China, but also to China’s interest in mineral resources, exploring a wide range of maps, translations, letters, essays, journals, textbooks, and other materials. The book also situates this story within a history of mineral sciences, scientists, and engineers in China. It will be required reading for anyone interested in the entanglement of science, technology, and modernity in global history. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Christine Desan, teaches about the international monetary system, the constitutional law of money, constitutional history, political economy, and legal theory at Harvard Law School. In this podcast we discuss her new book, Making Money: Coin, Currency, and the Coming of Capitalism (Oxford University Press, 2015). Per the books jacket, “Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself – along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money’s design brought capitalism to England. For centuries, the English government monopolized money’s creation. The Crown sold people coin for a fee in exchange for silver and gold. “Commodity money” was a fragile and difficult medium; the first half of the book considers the kinds of exchange and credit it invited, as well as the politics it engendered. Capitalism arrived when the English reinvented money at the end of the 17th century. When it established the Bank of England, the government shared its monopoly over money creation for the first time with private investors, institutionalizing their self-interest as the pump that would produce the money supply. The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems. The invention of circulating public debt, the breakdown of commodity money, the rise of commercial bank currency, and the coalescence of ideological commitments that came to be identified with the Gold Standard – all contributed to the abundant and unstable medium that is modern money. All flowed as well from a collision between the individual incentives and public claims at the heart of the system. The drama had constitutional dimension: money, as its history reveals, is a mode of governance in a material world. That character undermines claims in economics about money’s neutrality. The monetary design innovated in England would later spread, producing the global architecture of modern money.” Some of the topics we cover are: * How the work’s assertion that money is a mode of governance in a material world undermines claims in economics about money’s neutrality. * The “free minting” system and why legal enforcement was essential to it. * The radical redesign of money that began in the 17th century. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics