New Books in Economics

Peoples & Things host, Lee Vinsel, talks to Benjamin Waterhouse, full-as-full-can- be Professor of History at University of North Carolina at Chapel Hill, about his book, One Day I’ll Work for Myself: The Dream and Delusion that Conquered America (Norton, 2024). The book examines how the ideal of self-employment became so prominent in the United States after the 1970s, and how the idea has had damaging consequences for many groups, who often are attracted to working for themselves not because it is so great but because they have so few other good options. Vinsel and Waterhouse also roast entrepreneurship, small businesses, and other golden calves. They end by discussing a new collaborative project, a forthcoming podcast on the political, cultural, and economic history of the United States in the 1990s. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In an era where the financial stability of many arts organizations is increasingly precarious, arts philanthropy stands at a critical juncture. The recent COVID-19 pandemic of 2020-21 laid bare the vulnerabilities in existing funding structures, highlighting just how fragile these lifelines can be. Coupled with a surge in social initiatives that demand attention and resources, the way the arts are funded is undergoing scrutiny and transformation.A new wave of philanthropists—individuals with fresh motivations and evolving priorities—has emerged. These next-gen donors continue the legacy of their predecessors, while actively reshaping it, bringing forth new perspectives and expectations. Their influence is profound but necessitates a balance of caution and optimism as the arts sector navigates this changing landscape.This is where Philanthropy in the Arts: A Game of Give and Take (Lund Humphries, 2023) steps in, offering a sprawling yet incisive exploration of philanthropy in the arts. The book examines the interests and behaviors of donors and recipients, suggesting ways in which their practices can be better intertwined. Through open and wide-ranging discussions, it explores the intricacies of giving and receiving in the arts, shedding light on the unique challenges and opportunities that define this relationship.For collectors, philanthropists, and patrons, this book is more than just analysis—it’s a handy guide that equips them with the knowledge to navigate the peculiarities of arts philanthropy. For art market and museum professionals, it provides insights into the evolving dynamics of donor relationships, helping them adapt to the rapidly changing environment. Amidst the increasing financial instability of numerous arts organizations, arts philanthropy finds itself at a critical juncture. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Inequality and Political Cleavage in Africa: Regionalism by Design (Cambridge University Press, 2024) by Dr. Catherine Boone integrates African countries into broader comparative theories of how spatial inequality shapes political competition over the construction of markets, states, and nations. Existing literature on African countries has found economic cleavages, institutions, and policy choices to be of low salience in national politics. This book inverts these arguments. Dr. Boone trains our analytic focus on the spatial inequalities and territorial institutions that structure national politics in Africa, showing that regional cleavages find expression in both electoral competition and policy struggles over redistribution, sectoral investment, market integration, and state design.Leveraging comparative politics theory, Dr. Boone argues that African countries' regional and core-periphery tensions are similar to those that have shaped national economic integration in other parts of the world. Bringing together electoral and economic geography, the book offers a new and powerful map of political competition on the African continent.This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Search for Shelter: Writings on Land and Housing (Oxford UP, 2022) sheds light on the global population living in slums, which has increased from 1 billion in 2014 to 1.6 billion in 2018. The book also looks at the impact of neoliberalism on urban planning, the manner of organization and the struggles of the communities affected by these processes, the cultural and political decision-making processes of the State, and their repercussions on the form and life of the city. In this book, Arif Hasan discusses the conflicts between ground realities, academic theory, governmental policies, and international interventions in the shelter sector. With the help of individual case studies, he goes into depths of the various issues faced, and in certain instances also gives recommendations to improve upon the situation. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

This is the Global Media & Communication podcast series. This podcast is a multimodal project powered by the Center for Advanced Research in Global Communication (CARGC) at the Annenberg School for Communication at the University of Pennsylvania. At CARGC, we produce and promote critical, interdisciplinary, and multimodal research on global media and communication. We aim to bridge academic scholarship and public life, bringing the best scholarship to bear on enduring global questions and pressing contemporary issues.Today, our hosts, Anjali DasSarma and Sim Gill, present the second episode in a two-part series on neoliberalism and the state of the university as a deeply powerful structure, along with two incredible scholars: Professor Natalie Fenton and Professor Alison Hearn.In this episode, we delve into the intricate mechanisms of capitalism, unpacking how metrics, the pressure to "publish or perish," and intellectual extraction shape the academic landscape. From the commodification of knowledge to the erosion of job security, we'll shine a light on some of the systemic forces at play in higher education. We also unpack the rhetoric surrounding Elon Musk and his impact on the age of artificial intelligence, to consider how AI tools like ChatGPT are shifting debates about teaching and student evaluation methods.Amidst these challenges, we'll also uncover the power of the ideological project of hope. Join us as we engage in a thought-provoking discussion on information, communication, and knowledge production.In this episode you will hear about: AI and job security How metrics, “publishing or perishing,” and intellectual extraction function under capitalism What the ideological project of hope offers us Community organizing, resistance, and learning Guest Biographies:Natalie Fenton: Natalie is a Professor of Media and Communications at Goldsmiths University.Alison Hearn: Alison is a professor in the Department of Information and Media Studies at the University of Western Ontario.Host Biographies:Anjali DasSarma: Anjali DasSarma is a doctoral student at the Annenberg School for Communication at the University of Pennsylvania.Sim Gill: Sim Gill is a doctoral student at the Annenberg School for Communication at the University of Pennsylvania and a research fellow at the Center for Advanced Research in Global Communication (CARGC) and the Center on Digital Culture and Society.Credits Interview by: Anjali DasSarma and Sim Gill Produced by: Eszter Zimanyi  Edited by: Anjali DasSarma and Matt Parker Sound Mixing by: Matt Parker Music by: Zoe Zhao Blog post written by: Anjali DasSarma and Sim Gill Keywords: neoliberalism, higher education, artificial intelligence, community organizingThis episode was recorded on November 15th, 2023 at the Annenberg School for Communication, University of Pennsylvania. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Join Rikki Ott, a marine toxicologist and passionate activist from Alaska, and Lyndon O'Toole, a commercial fisher deeply involved in the aftermath of the Exxon Valdez oil spill. They discuss the devastating impact of the spill on their community and the scientific research funded by Exxon aiming to undermine juror rationality. Rikki shares her transformation from academic to activist, while Lyndon highlights the resilience of Cordova's fishing community in the face of ecological disaster. Together, they explore the intertwined legacies of environmental justice and psychological research.

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.In the fourth and final episode of this series, he talks to William Silber – author of Volcker: The Triumph of Persistence (Bloomsbury, 2012). A giant (literally) of 20th-century policymaking, Volcker chaired the Fed from 1979 to 1987, implementing monetarist shock therapy, driving up the fed funds rate from 11% to 20% to crush inflation expectations, and pulling inflation down from nearly 15% in early 1980 to below 3% three years later.“For Volcker, the most important denigrating fact of inflation was … that it undermines trust in government,” says Silber. “When we give the government the right to print money … we trust that the government will not debase the currency … When you think about inflation in that context, there is no number – two, four, six. Any number is bad. The only number that works is zero .. If you asked Volcker – and I asked him – what's the right number, he said zero”.From 1990 until his retirement in 2019, Bill Silber was professor of economics at the Stern School of Business, New York University. His award-winning book is built on more than 100 hours of interviews with Volcker. The author of seven other books, Silber’s latest – The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business – will be published in paperback in September 2024. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What Work Means: Beyond the Puritan Work Ethic (ILR Press, 2024) goes beyond the stereotypes and captures the diverse ways Americans view work as a part of a good life. Dispelling the notion of Americans as mere workaholics, Claudia Strauss presents a more nuanced perspective. While some live to work, others prefer a diligent 9-to-5 work ethic that is conscientious but preserves time for other interests. Her participants often enjoyed their jobs without making work the focus of their life. These findings challenge laborist views of waged work as central to a good life as well as post-work theories that treat work solely as exploitative and soul-crushing.Drawing upon the evocative stories of unemployed Americans from a wide range of occupations, from day laborers to corporate managers, both immigrant and native-born, Strauss explores how diverse Americans think about the place of work in a good life, gendered meanings of breadwinning, accepting financial support from family, friends, and the state, and what the ever-elusive American dream means to them. By considering how post-Fordist unemployment experiences diverge from joblessness earlier, What Work Means paves the way for a historically and culturally informed discussion of work meanings in a future of teleworking, greater automation, and increasing nonstandard employment.Claudia Strauss is Professor of Anthropology at Pitzer College. She is the author of A Cognitive Theory of Cultural Meaning with Naomi Quinn and co-editor of Human Motives and Cognitive Models. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors.In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's most influential Chairs, starting with Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker.In this third episode, he talks to Wyatt Wells – author of Economist in an Uncertain World – Arthur F. Burns and The Federal Reserve, 1970–1978 (Columbia University Press, 1994). Burns has had a bad press - so bad that Chris Hughes, one of Facebook's founders, was moved to rehabilitate him. Leading the Fed from 1970 to 1978 when inflation averaged 9%, Burns was an accomplished business-cycle economist but also a politically partisan Chair intensely loyal to Richard Nixon and Gerald Ford. Going far beyond his remit as a central banker, Burns oversaw government efforts to control prices and wages as an alternative to monetary policy.“If you couple an incomes policy with a tight fiscal and monetary policy, it can work. The problem is that it often becomes an excuse for not doing that,” says Wells. “Burns found himself trapped in this position where he felt he couldn't raise interest rates without wrecking the controls programme and possibly his own career – his own position at the Fed. It's clear in ‘73, he knows interest rates need to go up. They're trying to raise them but he's got these political concessions and he's doing this sort of dance, trying to square the circle … And of course: ‘I'm the smartest guy in the room. Therefore, I should play a key role in this effort to balance everything’. I think there are very few Federal Reserve chairmen who have elbowed their way into other areas in the way that Burns did. Maybe none”.An economic historian, Wyatt Wells has been Professor of History at Auburn University, Montgomery, since 1997. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

After two government bailouts of the American economy in less than twenty years, free market thought is due for serious reappraisal. Free Market: The History of an Idea (Basic Books, 2022) shows how the idea became so powerful, why it succeeded, and why it has failed so spectacularly. In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the face of the collapse of the Soviet Union, it was supposed to be a story of the success of free markets. However, in the past thirty years, that number has dropped by half, and Asia has emerged as a major motor of world economic growth. Today, state-run China is the second biggest economy on earth, and tiny Singapore, with its state-owned companies, has become a new model of wealth creation. In other words, Milton Friedman's free market dogma, that only private companies can create wealth and that states hamper it, has not proved very clearly to be untrue. This book shows how we got to the current crisis of free market thought, and suggests how we can find our way out. Contrary to popular free market narratives, early market theorists believed that states had an important role in building and maintaining free markets. But in the eighteenth century, some free-market thinkers began insisting only pure free markets, without state intervention, could work. A tradition of free-market ideological brittleness emerged, and it has led orthodox free market economics to some spectacular failures. It is a paradox that an economic theory rooted in the idea of competition, adaptation and evolution, has refused to follow its own precepts. This book shows that we need to go back to the origins of free market thought in order to understand its dynamism, as well as its inherent weaknesses, and to develop new economic concepts to face the staggering challenges of the twenty-first century.Jacob Soll is an American university professor and professor of philosophy, history and accounting at the University of Southern California. Soll's work examines the mechanics of politics, statecraft and economics by dissecting the various elements of how modern states and political systems succeed and fail.Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics