New Books in Economics

Shai Reshef shares the remarkable story of the creation of the University of the People, which has grown from an initial small class of students in 2008 to over 55,000 low-income students all over the world today. Reshef founded University of the People after a successful career as an educational technology entrepreneur, setting out to leverage these technologies to launch the world’s first free US-accredited asynchronous online university with a goal of serving the 100 million+ talented young people who lack access to a quality education. The University of the People has been able to make remarkable progress toward this ambitious goal by adopting a peer learning model overseen by a huge volunteer faculty workforce. It offers undergraduate and Master’s degrees in the high-demand areas of Business, Nursing, and Computer Science; courses are free, but students who want college credit pay for the final proctored assessment, with the cost of a full degree about $4800 and scholarships to support those who can’t afford that.David Finegold is the president of Chatham University. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In The Path to Free College: In Pursuit of Access, Equity, and Prosperity (Harvard Education Press, 2021), Michelle Miller-Adams argues that tuition-free college, if pursued strategically and in alignment with other sectors, can be a powerful agent of change. She makes the case that broadly accessible and affordable higher education is in the public interest, yielding dividends not just for individuals but also for the communities, states, and nation in which they reside. Miller-Adams offers a comprehensive analysis of the College Promise movement--its history, impacts, and unintended consequences--and its relationship to access, affordability, and workforce readiness. These factors are explored through data, analysis, and case studies of existing place-based scholarship programs. She also examines historical precursors of the free-college movement and evaluates the possibility of national action. The Path to Free College outlines how the design of free-college programs should relate to programmatic goals and explores the suitability of different approaches. In addition, the book describes both the need for and the challenges of implementing a nationwide free-college program, as well as the variety of models and research-based evidence. Given the raging national debate about tuition-free college, the moment is right for a book that assesses state and local efforts and offers policy leaders and practitioners guidance going forward. The Path to Free College asserts that the promise of private and public gains warrants public investment in tuition-free college.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

A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit (Princeton UP, 2021) provides a fresh account of US involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, Joanne Meyerowitz looks beyond familiar histories of development and explains why antipoverty programs increasingly focused on women as the deserving poor. When the United States joined the war on global poverty, economists, policymakers, and activists asked how to change a world in which millions lived in need. Moved to the left by socialists, social democrats, and religious humanists, they rejected the notion that economic growth would trickle down to the poor, and they proposed programs to redress inequities between and within nations. In an emerging “women in development” movement, they positioned women as economic actors who could help lift families and nations out of destitution. In the more conservative 1980s, the war on global poverty turned decisively toward market-based projects in the private sector. Development experts and antipoverty advocates recast women as entrepreneurs and imagined microcredit—with its tiny loans—as a grassroots solution. Meyerowitz shows that at the very moment when the overextension of credit left poorer nations bankrupt, loans to impoverished women came to replace more ambitious proposals that aimed at redistribution. Based on a wealth of sources, A War on Global Poverty looks at a critical transformation in antipoverty efforts in the late twentieth century and points to its legacies today.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 do people give to charity? In The Good Glow Charity and the Symbolic Power of Doing Good (Policy Press, 2020), Jon Dean, Associate Professor in Politics and Sociology at Sheffield Hallam University offers a new sociology of charity to explain how charities ask and the motivations of donors. The book situates charity in the context of the global and digital age, as well as thinking through the impact of controversies and political agendas on both charitable organisations, individuals, and society more generally. Rich with theoretical and case study detail, the book will be essential reading across the social sciences, as well as for anyone interested in understanding charity.Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this episode, we are talking to ProPublica investigative journalist Justin Elliott.Justin has been with ProPublica since 2012 and writes about business and economics, as well as money and influence in politics. He has produced stories for the New York Times and NPR. His work on TurboTax maker Intuit – a story we are discussing today -- won a Gerald Loeb Award for business journalism.The story of how 70% of Americans are eligible to file their taxes for free, but no one can pull it off has many chapters. Read about it here, here, and here. ProPublica is an independent, nonprofit newsroom that produces investigative journalism with “moral force.” Agata Popeda is a Polish-American journalist. Interested in everything, with a particular weakness for literature and foreign relations. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Freedom of choice lies at the heart of American society. Every day, individuals decide what to eat, which doctors to see, who to connect with online, and where to educate their children. Yet, many Americans don't realize that these choices are illusory at best. By the start of the 21st century, every major industrial sector in the global economy was controlled by no more than five transnational corporations, and in about a third of these sectors, a single company accounted for more than 40 percent of global sales. The available options in food, healthcare, education, transportation, and even online presence are largely constructed by corporations, whose sweeping influence have made them the public face and executive agents of 21st-century capitalism. At What Cost: Modern Capitalism and the Future of Health (Oxford UP, 2021) confronts how globalization, financial speculation, monopolies, and control of science and technology have enhanced the ability of corporations and their allies to overwhelm influences of government, family, community, and faith. As corporations manipulate demand through skillful marketing and veto the choices that undermine their bottom line, free consumer choice has all but disappeared, and with it, the personal protections guarding our collective health. At What Cost argues that the world created by 21st-century capitalism is simply not fit to solve our most serious public health problems, from climate change to opioid addiction. However, author and public health expert Nicholas Freudenberg also shows that though the road is steep, human and planetary well-being constitute a powerful mobilizing idea for a new social movement, one that will restore the power of individual voice to our democracy. With impeccably detailed research and an eye towards a better future, At What Cost arms ordinary citizens, activists, and health professionals with an understanding of how we've arrived at the precipice, and what we can do to ensure a healthier collective future.Claire Clark is a medical educator, historian of medicine, and associate professor in the University of Kentucky’s College of Medicine. She teaches and writes about health behavior in historical context. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax.   Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. 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 at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this episode David describes his childhood contact with entrepreneurship, and how he was looking for and found community and acceptance in the video game world. We learn how he discovered and almost invented the profession of “community manager” and created the CMX community of community managers. We also hear about the problems that community managers face in making their communities sustainable, and discuss his book: The Business of Belonging: How to Make Community your Competitive Advantage (Wiley, 2021).We also learn about how CMX became part of Bevy and multiple other ups and downs in David’s life so far.The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal story of our carefully selected guests aiming for the atmosphere of an informal conversation in a bar or over a cup of coffee.About our guestDavid Spinks launched his first online community at 14 years old for his favorite video game, Tony Hawk's Pro Skater 4. Today he's become a prominent leader in the community-driven business movement and has trained and advised community teams at companies like Google, Facebook, Udemy, Waze, and Airbnb. Spinks has long believed that community is the future of business and has made it his life's purpose to help others learn how to build thriving, meaningful communities. He is the cofounder of CMX, where over 20,000 community professionals gather to learn and support each other and is the host of CMX Summit, the largest conference in the community industry. In 2019, CMX was acquired by Bevy, where Spinks now serves as the VP of Community, helping companies launch and scale event-driven community programs.About the NBNThe New Books Network was founded in 2007 as a podcast interviewing the authors of academic books, and has grown to the largest author interview podcast in the world publishing 12 podcasts a day in more than 90 specialist areas, with over a million downloads a month. Read about the founder Marshall Poe and the NBN here. In recent years it has expanded beyond its “author interview origins”. Historically NBN only did audio recordings. E&L is the first NBN podcast distributed on Youtube.About Kimon Fountoukidis Twitter LinkedinKimon is the founder of both Argos Multilingual and PMR. Both companies were founded in the mid 90s with zero capital and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. Listen to his story here,About Richard Lucas Twitter LinkedinRichard is a business and social entrepreneur who founded or invested in more than 30 businesses, including investments in Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels: from pre- to business schools. Richard was born in Oxford and moved to Poland in 1991. Read more here. Listen to his story in an autobiographical TEDx talk here, Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How rural areas have become uneven proving grounds for the American Dream. Small-town economies that have traditionally been based on logging, mining, farming, and ranching now increasingly rely on tourism, second-home ownership, and retirement migration. In Dividing Paradise: Rural Inequality and the Diminishing American Dream (University of California Press, 2021), Jennifer Sherman tells the story of Paradise Valley, Washington, a rural community where amenity-driven economic growth has resulted in a new social landscape of inequality and privilege, with deep fault lines between old-timers and newcomers. In this complicated cultural reality, "class blindness" allows privileged newcomers to ignore or justify their impact on these towns, papering over the sentiments of anger, loss, and disempowerment of longtime locals. Based on in-depth interviews with individuals on both sides of the divide, this book explores the causes and repercussions of the stark inequity that has become commonplace across the United States. It exposes the mechanisms by which inequality flourishes and by which Americans have come to believe that disparity is acceptable and deserved.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

In his highly influential book, Demographics and the Demand for Higher Education, Carleton College Professor of Economics, Nathan Grawe, alerted college and university leaders to the challenges they would be facing with the accelerating decline in the number of U.S. high school graduates that will come in the middle of this decade. In his new book, The Agile College: How Institutions Successfully Navigate Demographic Changes (Johns Hopkins UP, 2021), he updates the demographic trends through the mid-2030s and describes the variety of strategies different institutions are adopting to respond to the decline in their traditional student population. He shares what led him to become an economist and the rigorous training he received at the University of Chicago. We have an engaging discussion of the implications of his work for both university leaders and policymakers as they debate reforms for funding college students. He also shares some insights from his new project looking at the publishing and career paths of economists working in liberal arts colleges.David Finegold is the president of Chatham University. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics