New Books in Economics

The World Economic Forum has become the bugbear of the right-wing in Canada, and beyond. Conspiracies swirl about how this shadowy, globalist cabal wants us to live in pods, eat bugs, and “own nothing, but be happy.”These may be mere conspiracy theory and faux populism, but there are many things wrong with the WEF.On this episode, we examine the shifting political discourse surrounding our global financial elites. How can the left operate in this ideologically confusing moment?First, we take it back to the heyday of the 90s global justice movement and revisit the Battle in Seattle. Reactionary forces were pushing an anti-globalization line against the WTO. However, the real politics there were different: it was built on global justice and global solidarity.Then, we go to Davos and look for left-leaning protesters organizing against the WEF. Each year, there is a planned protest hike, quite far from the actual WEF site, because Swiss authorities push demonstrates away. Yet, the WEF also invites individual activists in. We learn about that push and pull.Finally, filmmaker and documentarian Joel Bakan is well-known for his hit documentary The Corporation, which was released in 2003–not long after the Battle in Seattle. Today, he tells us the politics are completely different: corporate leaders, including those at WEF, tell us they’re actually the good guys. His new follow-up film The New Corporation: The Unfortunately Necessary Sequel says that this new warm-and-fuzzy branding makes the corporation even more dangerous.SUPPORT THE SHOWYou can support the show for free by following or subscribing on Spotify, Apple Podcasts, or whichever app you use. This is the best way to help us out and it costs nothing so we’d really appreciate you clicking that button.If you want to do a little more we would love it if you chip in. You can find us on patreon.com/dartsandletters. Patrons get content early, and occasionally there’s bonus material on there too.ABOUT THE SHOWFor a full list of credits, contact information, and more, visit our about page. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century? In The Corporation and the Twentieth Century: The History of American Business Enterprise (Princeton UP, 2023), Richard Langlois offers an alternative version: a comprehensive and nuanced reframing and reassessment of the economic, institutional, and intellectual history of the managerial era.Langlois argues that managerialism rose to prominence not because of its inherent superiority but because of its contingent value in a young and rapidly developing American economy. The structures of managerialism solidified their dominance only because the century's great catastrophes of war, depression, and war again superseded markets, scrambled relative prices, and weakened market-supporting institutions. By the end of the twentieth century, Langlois writes, these market-supporting institutions had reemerged to shift advantage toward entrepreneurial and market-driven modes of organization.This magisterial new account of the rise and fall of managerialism holds significant implications for contemporary debates about industrial and antitrust policies and the role of the corporation in the twenty-first century.Richard Langlois was born and raised in northeastern Connecticut and educated at Williams, Yale, and Stanford. He received his Ph.D. in 1981 from the Department of Engineering-Economic Systems at Stanford. His primary work has been in the economics of organization, where he has long been pushing the theory of dynamic transaction costs and the theory of modular systems, as well as in economic and business history. His 1992 history of the microcomputer industry won the Newcomen Award as the best paper in the Business History Review. Previous books include Firms, Markets, and Economic Change: a Dynamic Theory of Business Institutions (Routledge, 1995, with Paul L. Robertson) and The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (The Graz Schumpeter Lectures, Routledge 2007), which won the Schumpeter Prize of the International Joseph A. Schumpeter Society.In this podcast, he discussed the main themes in his most recent book and how it sits within overall discussions about the large corporation, his views on institutions and the nature of American-led capitalism in the 20th century. This is possible through a reinterpretation of a large body of economic and business history rather than archival or other primary source material.As mentioned during the podcast:-Chandler, A. (1990) Scale and Scope. -Coase, R. (1937) The Nature of the Firm.-Langlois, R. (2003) The Vanishing Hand.-Langlois, R. (2004). The Dynamics of Industrial Capitalism (Graz Lectures).Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Supply chains matter. And one of the most compelling defences of the capitalist system is that for all its various dysfunctions, it does at least ensure the quick delivery of goods that people want. But in recent years that feature of the system seems to have been challenged by COVID but also perhaps by other factors. So, what’s going on with supply chains? Rob Handfield is the co-author (with Tom Linton) of Flow: How the Best Supply Chains Thrive (Rotman-UTP Publishing, 2022). Hear him in conversation with Owen Bennett Jones.Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Ronan Bolton's book Making Energy Markets: The Origins of Electricity Liberalisation in Europe (Palgrave Macmillan, 2022) charts the emergence and early evolution of electricity markets in western Europe, covering the decade from the late 1980s to the late 1990s. Liberalising electricity marked a radical deviation from the established paradigm of state-controlled electricity systems which had become established across Europe after the Second World War. By studying early liberalisation processes in Britain and the Nordic region, and analysing the role of the EEC, the book shows that the creation of electricity markets involved political decisions about the feasibility and desirability of introducing competition into electricity supply industries. Competition introduced risks, so in designing the process politicians needed to evaluate who the likely winners and losers might be and the degree to which competition would impact key national industries reliant on cross-subsidies from the electricity sector, in particular coal mining, nuclear power and energy intensive production. The book discusses how an understanding of the origins of electricity markets and their political character can inform contemporary debates about renewables and low carbon energy transitions.Ronan Bolton is a Reader in Science, Technology and Innovation Studies at the University of Edinburgh, and the Co-director of the UK Energy Research Centre. His work examines the interconnected policy, market and regulatory challenges of transforming carbon based energy systems. His particular research interests are focused in the areas of energy network regulation and system integration, along with the the history and development of liberalisation processes in the energy sector.Filippo De Chirico studies History and Politics of Energy at Roma Tre University (Italy). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Is Thomas Piketty the world’s most famous economic historian ? A superstar enemy of plutocratic capitalism who wrote a pathbreaking bestseller, Capital in the 21st Century? Or simply a debonair and generous French intellectual happy to talk redistributive justice? Join this 2020 conversation with John and Adaner Usmani (star of RTB’s episode 44: Racism as idea, Racism as Power Relation) to find out.Why did we invite him? John thinks nobody is better than Piketty at mapping and explaining the nature and origin of the glaring and growing inequality that everywhere defines wealth distribution in the 21st century—both between societies and within them. His recent magnum opus, Capital and Ideology. ask what sorts of stories societies (and individuals within those societies) tell themselves so as to tolerate such inequality—and the poverty and misery it produces. Or even to see that inequality as part of the natural order of things.Why did he accept our invitation? A mystery, but who are we to look a gift economist in the mouth?Mentioned in the EpisodePhilip Larkin, “Why aren’t they screaming?” (from the poem “The Old Fools”)Bonus: Here is John’s question about his favorite writer, the one Adaner teased him for not asking:“Mr. Piketty, you are interested in hinge points where people cease being captivated by one ideology and begin seeing differently (might one also say, begin being captivated by another ideology?) In 2014, Ursula le Guin said:‘We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art, and very often in our art, the art of words.‘Can I ask how that resonates with your argument about the rapid changeability of economic paradigms–and moral paradigms for justifying inequality–in Capital and Ideology? “Read transcript here Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Nobody who sits in traffic on Sedona, Arizona's main stretch or stands shoulder-to-shoulder in its many souvenir shops would call it a ghost town. Neither would anyone renting a room for $2,000 a month or buying a house for a half-million dollars. And yet, the people who built the small town and made it a community are being pushed further and further out. Their home is being sold out from under their feet. In studying the impact of short-term rentals, Brendan O'Brien saw something similar happening in places ranging from Bend, Oregon, to Bar Harbor, Maine. But it isn't just short-term rentals, and it's not just tourism towns. Neighborhoods in Austin and Atlanta have become rows of investment properties. Longtime residents in Spokane and Boston have been replaced by new, high-salaried remote workers. Across the country, a level of unaffordable housing which once seemed unique to global cities like New York and San Francisco has become the norm, with nearly a third of all US households considered housing cost-burdened. This situation has been aided by the direct actions of developers, politicians, and existing homeowners who have sought to drive up the cost of housing. But it's mostly happened due to a societal-wide refusal to see housing as anything more than real estate, another product available to the highest bidder. This trend of putting local housing on a global market has worsened in recent years but is nothing new. Housing in the United States has always been marred by racial and income inequality that mocks the country's highest ideals. Deeply researched and deeply felt, Homesick: Why Housing Is Unaffordable and How We Can Change It (Chicago Review Press, 2023) argues that we can be so much better. And we can start where we live.Stephen Pimpare is a Senior Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

When the "sharing economy" launched a decade ago, proponents claimed that it would transform the experience of work--giving earners flexibility, autonomy, and a decent income. It was touted as a cure for social isolation and rampant ecological degradation. But this novel form of work soon sprouted a dark side: exploited Uber drivers, neighborhoods ruined by Airbnb, racial discrimination, and rising carbon emissions. Several of the most prominent platforms are now faced with existential crises as they prioritize growth over fairness and long-term viability.Nevertheless, the basic model--a peer-to-peer structure augmented by digital tech--holds the potential to meet its original promises. Based on nearly a decade of pioneering research, After the Gig: How the Sharing Economy Got Hijacked and How to Win It Back (U California Press, 2021) dives into what went wrong with this contemporary reimagining of labor. The book examines multiple types of data from thirteen cases to identify the unique features and potential of sharing platforms that prior research has failed to pinpoint. Juliet B. Schor presents a compelling argument that we can engineer a reboot: through regulatory reforms and cooperative platforms owned and controlled by users, an equitable and truly shared economy is still possible.Juliet B. Schor is an American economist and Sociology Professor at Boston College. She has studied trends in working time, consumerism, the relationship between work and family, women's issues and economic inequality, and concerns about climate change in the environment. She is a New York Times bestselling author and the Chair of the Board of Directors of the Better Future Project.Tom Discenna is Professor of Communication at Oakland University whose work examines issues of academic labor and communicative labor more broadly. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hello, world! This is the Global Media & Communication podcast series.In this episode, our host Jing Wang discusses the book The Labor of Reinvention: Entrepreneurship in the New Chinese Digital Economy (Columbia UP, 2023) by Lin Zhang.You’ll hear about: A history of the book and Zhang’s entry into the fieldwork through family stories; How to understand entrepreneurialism as a dominant ideology in the global neoliberal labor economy and China’s positionality in the world; Why and how the book is organized based on three types of spaces – rural, urban, and transnational – across China and beyond; The similarities and differences between the elite and the grassroot entrepreneurs in Beijing; The e-commerce entrepreneurship as “platformized family production” in rural China and the roles played by government and large tech companies like Alibaba play in shaping the new rural production model; The limit and possibility of reinvention through “shanzhai” (copycat) e-commerce production; The gendered inequalities of entrepreneurial labor in rural and transnational spaces; What is “daigou” (personal shopping agents) in transnational e-commerce and the structural challenges entrepreneurs – especially women – face across national borders and digital platforms; What conversations in global studies of media and communication this book engages with. About the bookFrom start-up founders in the Chinese equivalent of Silicon Valley to rural villages experiencing an e-commerce boom to middle-class women reselling luxury goods, the rise of internet-based entrepreneurship has affected every part of China. For many, reinventing oneself as an entrepreneur has appeared to be an appealing way to adapt to a changing economy and society. Yet in practice, digital entrepreneurship has also reinforced traditional Chinese ideas about state power, labor, gender, and identity. Lin Zhang explores how the everyday labor of entrepreneurial reinvention is remaking China amid changing geopolitical currents. She tells the stories of people from diverse class, gender, and age backgrounds across rural, urban, and transnational settings in rich detail, providing a multifaceted and ground-level view of the twenty-first-century Chinese economy. You can find more about the book here by the Columbia University Press.Author: Lin Zhang is an associate professor of communication and media studies at the University of New Hampshire.Host: Jing Wang is Senior Research Manager at the Center for Advanced Research in Global Communication (CARGC), Annenberg School for Communication at the University of Pennsylvania, with an affiliation at the Center of the Study of Contemporary China (CSCC).Editor & Producer: Jing WangOur podcast is part of the 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 very best scholarship to bear on enduring global questions and pressing contemporary issues. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis (MIT Press, 2022), Professor Marco Grasso examines the responsibility of the oil and gas industry for the climate crisis and develops a moral framework that lays out its duties of reparation and decarbonization to allay the harm it has done. By framing climate change as a moral issue and outlining the industry's obligation to tackle it, Grasso shows that Big Oil is a central, yet overlooked, agent of climate ethics and policy.Isobel Akerman is a History PhD student at the University of Cambridge studying biodiversity and botanic gardens. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Investigative journalist Emily Flitter exposes racism in the American financial industry, revealing hiring and layoff policies, racial profiling of customers, denials of insurance claims, and funding denial to black entrepreneurs. She shares personal stories of victims and connects data, history, and legal scholarship to shed light on the racial wealth gap and systemic corruption. Topics include discrimination on Wall Street, government reliance on banks for program distribution, false belief in bank neutrality, CEOs' healthcare improvement failures, ignoring mistakes, challenges faced by black financial advisors, and disparate impact on business practices.