New Books in Economics

Alongside rapid socio-economic development, China has achieved remarkable gains in gender equality on metrics like health, education, and labor force participation. Yet, the glass ceiling phenomenon and the underrepresentation of women in management has worsened. Sisi Sung's The Economics of Gender in China (Routledge, 2022) develops a cross-disciplinary paradigm, with economics at its core, to better understand gender in China and women in management in the Chinese business context. In addition to its theoretical advancements, The Economics of Gender in China uses in-depth interviews with managers in China’s largest enterprises to form rich qualitative insights on women’s managerial experiences and career choices. The book also focuses on the enduring power of stereotypes that specify women’s roles in the family, organization, and society. The book's multi-disciplinary approach allows readers across disciplines with an interest in gender studies to find it useful as an introductory reference.Sisi Sung is a postdoctoral fellow at the Max Weber Centre for Advanced Cultural and Social Studies, University of Erfurt, Germany, and a research fellow at Tsinghua University, China. This interview was conducted by Kelsi Caywood, a PhD student in Sociology at the University of Michigan, who researches comparative gender inequality in the United States and East Asia.Kelsi Caywood is a PhD Student in Sociology at the University of Michigan Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The contemporary internet's de facto business model is one of surveillance. Browser cookies follow us around the web, Amazon targets us with eerily prescient ads, Facebook and Google read our messages and analyze our patterns, and apps record our every move. In Profit over Privacy: How Surveillance Advertising Conquered the Internet (U Minnesota Press, 2021), Matthew Crain gives internet surveillance a much-needed origin story by chronicling the development of its most important historical catalyst: web advertising.The first institutional and political history of internet advertising, Profit over Privacy uses the 1990s as its backdrop to show how the massive data-collection infrastructure that undergirds the internet today is the result of twenty-five years of technical and political economic engineering. Crain considers the social causes and consequences of the internet's rapid embrace of consumer monitoring, detailing how advertisers and marketers adapted to the existential threat of the internet and marshaled venture capital to develop the now-ubiquitous business model called "surveillance advertising." He draws on a range of primary resources from government, industry, and the press and highlights the political roots of internet advertising to underscore the necessity of political solutions to reign in unaccountable commercial surveillance.The dominant business model on the internet, surveillance advertising is the result of political choices--not the inevitable march of technology. Unlike many other countries, the United States has no internet privacy law. A fascinating prehistory of internet advertising giants like Google and Facebook, Profit over Privacy argues that the internet did not have to turn out this way and that it can be remade into something better.Peter C. Kunze is a visiting assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Mao and Markets: The Communist Roots of Chinese Enterprise (Yale University Press, 2022) by Dr. Christopher Marquis & Dr. Kunyuan Qiao presents a thoroughly researched assessment of how China’s economic success continues to be shaped by the communist ideology of Chairman MaoIt was long assumed that as China embraced open markets and private enterprise, its state-controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, China’s growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many in the West.Christopher Marquis and Kunyuan Qiao argue that China’s economic success is based on—not in spite of—the continuing influence of Communist leader Mao Zedong. They illustrate how Mao’s ideological principles, mass campaigns, and socialist institutions have enduringly influenced Chinese entrepreneurs’ business strategies and the management of their ventures. Grounded in case studies and quantitative analyses, this book shows that while private enterprise is the engine of China’s growth, Chinese companies see no contradictions between commercial drive and a dedication to Maoist ideology.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

A few big companies are selling information about us to governments and companies. But beyond a general sense of unease, what do we need to know about this and what do we need to do about it? Professor Sarah Lamdan gives answers to those questions in her book Data Cartels: The Companies that Control and Monopolise our Information (Stanford UP, 2022). Listen to her conversations 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

What are the implications of climate change for twenty-first-century conflict and security? Rising temperatures, it is often said, will bring increased drought, more famine, heightened social vulnerability, and large-scale political and violent conflict; indeed, many claim that this future is already with us. Divided Environments: An International Political Ecology of Climate Change, Water and Security (Cambridge UP, 2022), however, shows that this is mistaken. Focusing especially on the links between climate change, water and security, and drawing on detailed evidence from Israel-Palestine, Syria, Sudan and elsewhere, it shows both that mainstream environmental security narratives are misleading, and that the actual security implications of climate change are very different from how they are often imagined. Addressing themes as wide-ranging as the politics of droughts, the contradictions of capitalist development and the role of racism in environmental change, while simultaneously articulating an original 'international political ecology' approach to the study of socio-environmental conflicts, Divided Environments offers a new and important interpretation of our planetary future.Jan Selby joined the University of Sheffield in June 2020 as Professor of Politics and International Relations. After completing a PhD in Sociology at the University of Lancaster (2002), Jan's first post was as a lecturer in Lancaster's Department of Politics and IR. After a short stint at Aberystwyth, he then moved to the Department of IR, University of Sussex, where he worked for 15 years (2005-20). He held several leadership positions at Sussex, including Head of Department (2007-09), Director of Research (2011-20), and Director of the cross-disciplinary Sussex Centre for Conflict and Security Research (2012-18). Professor Selby’s research and teaching focus on climate change, water and energy politics, though he also works periodically on themes in IR theory, and conflict, peacebuilding and development.Sidney Michelini is a PhD student working on climate and conflict at the Potsdam Institute for Climate Impact Research. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Societies are often judged by how they treat their most vulnerable members: the poor and near poor. In the United States, this responsibility belongs not only to governments, but also to charities, businesses, individuals, and family members. Their combined efforts generate a social safety net. In Who Cares: The Social Safety Net in America (Oxford UP, 2022), Christopher Howard offers the first comprehensive map of the US social safety net. He chronicles how different parts of American society talk about poverty-related needs. And he shows what Americans do to provide basic levels of income, food, housing, medical care, and daily care. Although the US social safety net is extensive, major gaps remain, particularly impacting Blacks, Hispanics, and individuals who are not employed full-time. Drawing heavily upon evidence from the years right before the COVID-19 pandemic, Howard demonstrates that these problems persist even when the economy seems healthy. Who Cares concludes with an initial assessment of how the social safety net performed during the pandemic.Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty 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

Why is our society so unequal? Why, despite their small numbers, do the rich dominate policy and politics even in democratic countries? Why is it so difficult for working people to organize around common interests? How do we begin to build a more equal and democratic society?In Confronting Capitalism: How the World Works and How to Change It (Verso, 2022), Vivek Chibber provides a clear and accessible map of how capitalism works, how it limits the power of working and oppressed people, and how to overcome those limits. The capitalist economy generates incredible wealth but also injustice. Those who own the factories, hotels, and farms always have an advantage over the people who rely on that ownership class for their livelihoods. This inequality in power and income is reflected in the operation of the state, where capitalists are able to exert their will even under relatively democratic conditions. The most important reason is that states depend on the employment and profits from capitalist enterprise for both finances and legitimacy. Every meaningful victory for working people has been won through collective struggle but collective action is very difficult to coordinate. In the final section of the book, Chibber walks the reader through some of the historical attempts to build socialism and presents a vision of how we might, perhaps against the odds, build a socialist future.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

A comprehensive and illuminating account of the history of credit in America, The Economy of Promises: Trust, Power & Credit in America (Princeton UP, 2022) by Northwestern University Professor Bruce Carruthers is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitched together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending and economic activity on a much greater scale possible. It discusses how lending is shaped by the shadow of failure, and the possibility that borrowers will break their promises and fail to repay their debts. It reveals how credit markets have been shaped by public policy, regulatory changes, and various political factors. Bringing to life the complicated and abstract terrain of human interaction we call the economy, The Economy of Promises is an important study of the tangle of indebtedness that, for better or worse, shapes and defines American lives.Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

It is easy to condemn obvious wrongdoers such as Elizabeth Holmes, Adam Neumann, Harvey Weinstein, and the Sackler family. But we rarely think about the many people who supported their unethical or criminal behavior. In each case there was a supporting cast of complicitors: business partners, employees, investors, news organizations, and others. And, whether we're aware of it or not, almost all of us have been complicit in the unethical behavior of others. In Complicit: How We Enable the Unethical and How to Stop (Princeton UP, 2022), Harvard Business School professor Max Bazerman confronts our complicity head-on and offers strategies for recognizing and avoiding the psychological and other traps that lead us to ignore, condone, or actively support wrongdoing in our businesses, organizations, communities, politics, and more.Complicit tells compelling stories of those who enabled the Theranos and WeWork scandals, the opioid crisis, the sexual abuse that led to the #MeToo movement, and the January 6th U.S. Capitol attack. The book describes seven different behavioral profiles that can lead to complicity in wrongdoing, ranging from true partners to those who unknowingly benefit from systemic privilege, including white privilege, and it tells the story of Bazerman's own brushes with complicity. Complicit also offers concrete and detailed solutions, describing how individuals, leaders, and organizations can more effectively prevent complicity.By challenging the notion that a few bad apples are responsible for society's ills, Complicit implicates us all--and offers a path to creating a more ethical world. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

This podcast features Brian A. Wong, discussing his new book, The Tao of Alibaba: Inside the Chinese Digital Giant That is Changing the World (Public Affairs, 2022). Brian joined Alibaba early, as its 52nd employee and first American employee, and worked for them for nearly twenty years. His book provides both insider insights and an analytical perspective on how Alibaba grew to become one of the most important companies in the global digital economy. This well-written and engaging book explains Alibaba’s unique organizational culture and how the Alibaba platform has helped spread economic opportunity beyond the elites in China’s big cities to the broader world of small and medium businesses throughout the country.Brian Wong’s Radii China is an independent media platform founded in 2017 dedicated to bridging the East and West by highlighting topics and issues that connect the world’s young, globally-minded citizens. Listeners interested in the development of the US-China relationship are encouraged to participate in the NCUSCR’s CHINA Town Hall, on November 17th, featuring a national webcast by former Ambassador Jon Huntsman Jr. Local partner events around the US, including one at the University of San Francisco, provide opportunities to discuss the topic further in person with other community members and local experts on China. In the interview, we also discuss Benjamin Ho’s book Why Trust Matters, featured on this show last year.Peter Lorentzen is the Chair of the Economics Department at the University of San Francisco, where he leads a new Master's program in Applied Economics focused on the digital economy. His research focus is the political economy of governance in China and he is a member of the National Committee on US-China Relations (NCUSCR) and USF’s new Center on Business Studies and Innovation in the Asia-Pacific. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics