New Books in Economics

As global governments and regulators set an agenda for net zero carbon emissions, the focus on Environmental, Social and Governance (ESG) criteria among investors, from pension scheme members to institutions, is on the rise.The ESG Investing Handbook: Insights and Developments in Environmental, Social and Governance Investment (Harriman House, 2022) is an indispensable guide to the history, developments and latest thinking into the future of ESG investing from some of the most influential names in the business.Featuring interviews with: Lisa Beauvilain, Director, Impax Asset Management Tony Burdon, CEO, Make My Money Matter Mark Campanale, Founder & Executive Chairman, Carbon Tracker Amy Clarke, Chief Impact Officer, Tribe Impact Capital Keith Davies, Chief Risk & Compliance Officer, Federated Hermes Ltd Bruce Davis, co-founder, Abundance Investment Ingrid Holmes, Director, Green Finance Institute Yan Swiderski, co-founder, Global Returns Project Richard Wilson, CEO interactive investor The Baillie Gifford Global Stewardship Team Expert Editor, Becky O’Connor covers the big questions and key themes, such as the effectiveness of divestment versus engagement strategies for promoting positive change as well as difficult topics, such as greenwash.John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress.Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic’s Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin.Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Our Long Walk to Economic Freedom: Lessons from 100,000 Years of Human History (Cambridge UP, 2022), Johan Fourie gives a new look to economic history from an African perspective while successfully addressing and engaging with a wide audience. During the interview, Fourie tells of the challenges to write such a project while also providing a global view of economic development.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

We are in the middle of a 'desirevolution' - a fundamental and political transformation of the way we desire as human beings. Perhaps as always, new technologies - with their associated and inherited political biases - are organising and mapping the future. What we don’t seem to notice is that the primary way in which our lives are being transformed is through the manipulation and control of desire itself.Our very impulses, drives and urges are 'gamified' to suit particular economic and political agendas, changing the way we relate to everything from lovers and friends to food and politicians. Digital technologies are transforming the subject at the deepest level of desire – re-mapping its libidinal economy - in ways never before imagined possible. From sexbots to smart condoms, fitbits to VR simulators and AI to dating algorithms, the 'love industries' are at the heart of the future smart city and the social fabric of everyday life.Alfie Bown's Dream Lovers: The Gamification of Relationships (Pluto Press, 2022) considers these emergent technologies and what they mean for the future of love, desire, work and capitalism.Rudolf Inderst is a professor of Game Design with a focus on Digital Game Studies at the IU International University of Applied Science. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Setting goals for the new year? Learning a language? Going for a run? Delivering food? Picking packages off a warehouse shelf for delivery? There’s a game for that. Or, at least, a gamified system designed to nudge you in a series of pre-programmed directions in the service of the state, techno-capitalist overlords, or any number of other groups and entities that chart the course of our hyper-connected, cutting-edge, dystopian 21st century lives. On this episode of Darts and Letters, guest host Jay Cockburn and our guests take us through the gamification of…everything.—————————-SUPPORT THE SHOW—————————-You 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 SHOW——————For 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

Money does strange things to people, as Annah Lake Zhu notes in her latest book Rosewood: Endangered Species Conservation and the Rise of Global China (Harvard University Press: 2022)In Madagascar, loggers, flush with cash from the rosewood trade, don’t quite know how to react to their newfound largesse, sometimes demanding less money for their wares out of confusion. Rumors abound of how loggers make their money. There’s no way that simple wood could garner so much profit, people say, so observers think they must be trading something else–like human bones.Annah’s book studies globalization, the rise of China, and global environmental politics through trade in one commodity: Madagascar rosewood, used in furniture. In this interview, Annah and I talk about this important material–the commodity, the cultural product, and the conservation target–in China and Madagascar.Annah Lake Zhu is Assistant Professor of Environmental Policy at Wageningen University in the Netherlands, a veteran of the United Nations Environment Programme in Geneva, and a former Peace Corps volunteer in Madagascar. Her work has been published in Science, Geoforum, and Political Geography.You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Rosewood. Follow on Twitter at @BookReviewsAsia.Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Global Taiwanese: Asian Skilled Labour Migrants in a Changing World (U Toronto Press, 2021), Fiona Moore explores the different ways in which Taiwanese expatriates in London and Toronto, along with professionals living in Taipei, use their shared Taiwanese identities to construct and maintain global and local networks.Based on a three-year-long ethnographic study that incorporates interviews with people from diverse backgrounds, generations, and histories, this book explores what their different experiences tell us about migration in “tolerant” and “hostile” regimes.Global Taiwanese considers the implications in leveraging their Taiwanese ethnic identity for both business and personal purposes. As people become increasingly mobile, ethnic identity becomes more important as a means of negotiating transnational encounters; however, at the same time, the opportunities it offers are rooted in local cultural practices, requiring professionals and other migrants to develop complex social strategies that link and cross the global and local levels.With rich ethnographic detail, this book contributes to the understanding of the migrant experience and how it varies from location to location, how migration more generally changes in response to wider socioeconomic factors, and, finally, of the specific case of Taiwan and how the distinctive nature of its diaspora emerges through wider discourses of Chineseness and pan-Asian identity.Fiona Moore is a professor in the School of Business and Management at Royal Holloway University of London.Li-Ping Chen is Postdoctoral Scholar and Teaching Fellow in the East Asian Studies Center at the University of Southern California. Her research interests include literary translingualism, diaspora, and nativism in Sinophone, inter-Asian, and transpacific contexts. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Concentrated market power and the weakened sway of corporate stakeholders over management have emerged as leading concerns of American political economy. In his book Robbing Peter to Pay Paul: Power, Profits, and Productivity in Modern America (Yale UP, 2021), economic historian Samuel Milner provides a context for contemporary efforts to resolve these anxieties by examining the contest to control the distribution of corporate income during the mid‑twentieth century.During this “Golden Age of American Capitalism,” apprehension about the debilitating consequences of industrial concentration fueled efforts to ensure that management would share the fruits of progress with workers, consumers, and society as a whole (“stakeholders”). Focusing on wage and price determination in steel, automobiles, and electrical equipment, Milner reveals how the management of concentrated industries understood its ability to distribute income to its stakeholders as well as why economists, courts, and public policymakers struggled to curtail the exercise of that market power at its source. The book could not be timelier, given the recent rise of inflation, wage price pressure, and supply shocks, as well as renewed interest in labor organization and anti-trust legislation.John Emrich has worked for decades in corporate finance, business valuation and fund management. He has a podcast about the investment advisory industry called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division.Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin).  Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

There is no shortage of words written about climate change and the goal of reaching net zero - but there is a shortage of practical suggestions about to get to net zero. Even governments committed to net zero are wondering how they are going to do it. Eric Lonergan has tried to address that problem with the book Super Charge Me: Net Zero Faster (Agenda, 2022) - co-authored with Corrine Sawyers - which sets out to suggest ways Net Zero can be achieved.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