New Books in Political Science

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/political-science

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/political-science

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 second episode, he interviews Robert Bremner – author of Chairman of the Fed: William McChesney Martin Jr. and the Creation of the Modern American Financial System (Yale University Press, 2004). Bill Martin still holds the record for the longest chairmanship at the Fed – holding the office from 1951 to 1970. A Democrat, he was first nominated by President Harry Truman and reappointed (more or less willingly) by Eisenhower, Kennedy, Johnson, and Nixon. He dismantled government wartime controls over interest rates, battled to save the postwar currency-management regime, democratised the Fed, and fought successive presidents to keep its independence.These conflicts started early, says Bremner. “Martin told this story about walking down Wall Street and passing the president going the other way and Martin said: ‘Good morning, Mr. President, great to see you’. And Truman looked at him and said: ‘Traitor’. Basically Truman wanted to continue low interestrates certainly until he left office and for as long as possible”.After a career in finance at the World Bank and in the mutual-fund industry, Bob Bremner is now a director of the Westminster Ingleside Foundation. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

This year, many countries around the world, including most of the world's most populous democracies, have consequential nation-wide elections. In many of these elections, democracy itself is at stake. The Dispersion of Power: A Critical Realist Theory of Democracy (Oxford UP, 2023) is an urgent call to rethink centuries of conventional wisdom about what democracy is, why it matters, and how to make it better. Drawing from history, social science, psychology, and critical theory, Samuel Ely Bagg explains why we should shift our orientation away from maximizing collective self-rule and why prevailing strategies of democratic reform often make things worse. Bagg argues we should see democracy as a way of protecting public power from capture - a vision that is at once more realistic and, he argues, more inspiring. The book presents an ambitious and comprehensive engagement with democracy's foundations, principles, and practices. Make no mistake, this work of political theory is profoundly worldly: it bears reading for those interested in politics across time, space, and scale - from the reconstruction US to contemporary Hungary, Turkey and Venezuela. Samuel Bagg is Assistant Professor in the Department of Political Science at the University of South Carolina, where he teaches courses in political theory. Before coming to UofSC, he taught at the University of Oxford, McGill University, and Duke University, where he received his PhD in 2017.Vatsal Naresh is a Lecturer in Social Studies at Harvard University. His recent publications include co-edited volumes on Negotiating Democracy and Religious Pluralism (OUP 2021) and Constituent Assemblies (CUP 2018). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

If ideology has never before been so much in evidence as a fact and so little understood as it appears to be today then, Jason Blakely argues in his new book Lost in Ideology: Interpreting Modern Political Life (Agenda Publishing, 2023), this may not be because we are like travellers guided by old maps of the political world but because we make the mistake of thinking that our maps are the worlds in which we live and act politically. When we read them as if they are reality, rather than a representation of it, we get lost.If you like this episode of New Books in Interpretive Political and Social Science then you might also be interested in others in the series, including Jason and Mark Bevir talking about their Interpretive Social Science, and James C. Scott, who passed away shortly before this episode was recorded, discussing his Against the Grain.Jason recommends Charles Taylor’s sequel to The Language Animal, Cosmic Connections, and Jon Fosse’s novelistic exploration of the human condition, Septology. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

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 first episode, he interviews Mark Nelson - author of Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940 (University of Utah Press, 2017). Eccles chaired the Fed from 1934 to 1948, turned it into a Washington power centre, and centralised policymaking with the Board of Governors.The US might have been better served if Eccles and his nemesis Henry Morgenthau, the Treasury Secretary from 1934-1945, had swapped roles, says Nelson. "That's true except for the fact that Eccles did do something very important at the Fed and that is the Banking Act of 1935, which really changed the Fed in an enormously important way and Morgenthau would not have done that ... I think it would have happened at some point. You could make the argument, though, that it may not have happened in 1935 if Eccles hadn't been there because Eccles took the job at the Fed on the understanding that these changes would be made”.An actor-turned-historian, Mark Nelson was educated at Pepperdine University and Claremont Graduate University and today teaches at Greenville Technical College, South Carolina. His next book will be Race and Recovery: James F. Byrnes and the New Deal. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

What is the “dragonbear”? It is a metophor of an emerging strategic alliance between Russia and China. In this episdoe, Julie Yu-Wen Chen talks to geostrategist Velina Tchakarova about the dragonbear in the geopolitics of the 21st century.What does the Dragonbear really aim to achieve in global affairs? First and foremost, it is about counterbalancing arising centrifugal forces in all fields — from economy, finance, trade, diplomacy, to military, defense and strategic alliances. But it also has a lot to do with Russia and China’s overlapping understanding that the world is in a system transformation, whose results are unpredictable and whose implications might be very dangerous for them. Velina Tchakarova’s previous position as the Director of the Austrian Institute for European and Security Policy (AIES) in Vienna is marked by profound contributions to understanding the geopolitical domain and its implications for various sectors. In her current consulting firm, FACE For A Conscious Experience, Velina leverages her broad network and practical experience as a geopolitical strategist to deliver tailored solutions, helping the public and private sector adeptly navigate the complex geopolitical terrain. In this episode, Velina Tchakarova articulates that the unpredictable trajectory of Russia's war against Ukraine may force Putin to align Russia more closely with China’s geopolitical and geoeconomic interests, increasing dependencies within the dragonbear modus.Julie Yu-Wen Chen is Professor of Chinese Studies at the Department of Cultures at the University of Helsinki (Finland) and visiting professor at the Research Institute for Languages and Cultures of Asia at Mahidol University (Thailand). Since 2023, she has been involved in the EUVIP: The EU in the Volatile Indo-Pacific Region, a project funded by the European Union’s Horizon Europe coordination and support action 10107906 (HORIZON-WIDERA-2021-ACCESS-03). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Vice President Kamala Harris is poised to become the Democratic Party’s nominee for president. The path to this nomination and the generation election has been a bit unusual—with President Joe Biden deciding not to pursue re-election but doing so after the primary season has concluded. Thus, there is a rather condensed election season, and Vice President Kamala Harris has worked to bring the Democratic Party together after she received President Biden’s endorsement after he withdrew from the race. Given the changing dynamics of the presidential race, we also find ourselves with an unexpected choice for the presidency, Kamala Harris, a former attorney general for California, a senator from California, a former prosecutor, and now the vice president of the United States. Harris is also bi-racial, of South Asian and Black heritage, and she will be the second woman nominated as the standard bearer for one of the two major political parties in the United States.I invited three experts on presidential politics, gender, and race in American politics to join me to discuss Kamala Harris’s historic and unique run for the presidency. Mary McHugh, Executive Director of Civic and Community Engagement, Stevens Service Learning Center at Merrimack College and member of the Political Science Department at Merrimack, Valeria Sinclair-Chapman, Deputy Director of the American Association for the Advancement of Science SEA Change Program, and professor of political science at Purdue University, and Linda Beail, Professor of Political Science at Point Loma Nazarene University and co-author of the 2012 book, Framing Sarah Palin: Pit Bulls, Puritans, and Politics, all joined the conversation to think about the presidential race, Kamala Harris, race, gender, masculinity, and partisan politics. We cover a lot of ground, including the presentation of masculinity at the Republican National Convention in Milwaukee in July, how TikTok and viral memes may influence younger voters, and how Kamala Harris is trying to frame herself and how others are trying to frame her in the course of the abbreviated election cycle. We examine historical contexts for women ascending to office, and how that might be a component of the shifting candidates and how Americans think about elections. We also dive into some of the controversial comments about “crazy cat ladies” and concepts of motherhood, politics, and racial and gendered double binds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

By examining the intersection of Islamic law, state law, religion, and culture in the Egyptian nation-building process, Recasting Islamic Law: Religion and the Nation State in Egyptian Constitution Making (Cornell University Press, 2021) highlights how the sharia, when attached to constitutional commitments, is reshaped into modern Islamic state law.Dr. Rachel M. Scott analyses the complex effects of constitutional commitments to the sharia in the wake of the Egyptian Revolution of 2011. She argues that the sharia is not dismantled by the modern state when it is applied as modern Islamic state law, but rather recast in its service. In showing the particular forms that the sharia takes when it is applied as modern Islamic state law, Scott pushes back against assumptions that introductions of the sharia into modern state law result in either the revival of mediaeval Islam or in its complete transformation. Scott engages with premodern law and with the Ottoman legal legacy on topics concerning Egypt's Coptic community, women's rights, personal status law, and the relationship between religious scholars and the Supreme Constitutional Court. Recasting Islamic Law considers modern Islamic state law's discontinuities and its continuities with premodern sharia.Thanks to generous funding from Virginia Tech and its participation in TOME (Toward an Open Monograph Ecosystem), the ebook editions of this book are available as Open Access volumes from Cornell Open (cornellpress.cornell.edu/cornell-open) and other repositories.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/political-science

Waging and winning a nuclear war have been called “thinking about the unthinkable” but that’s exactly what Edward Kaplan and I discussed in our interview about his recent book, The End of Victory: Prevailing in the Thermonuclear Age (Cornell UP, 2022).The current Dean of the School of Strategic Landpower at the US Army War College, Kaplan recounts the costs of failure in nuclear war through the work of the most secret deliberative body of the National Security Council, the Net Evaluation Subcommittee (NESC).From 1953 onward, US leaders wanted to know as precisely as possible what would happen if they failed in a nuclear war―how many Americans would die and how much of the country would remain. The NESC told Presidents Dwight Eisenhower and John F. Kennedy what would be the result of the worst failure of American strategy―a maximum-effort surprise Soviet nuclear assault on the United States.Kaplan details how NESC studies provided key information for presidential decisions on the objectives of a war with the USSR and on the size and shape of the US military. The subcommittee delivered its annual reports in a decade marked by crises in Berlin, Quemoy and Matsu, Laos, and Cuba, among others. During these critical moments and day-to-day containment of the USSR, the NESC’s reports offered the best estimates of the butcher’s bill of conflict and of how to reduce the cost in American lives.Taken with the intelligence community’s assessment of the probability of a surprise attack, the NESC’s work framed the risks of US strategy in the chilliest years of the Cold War. The End of Victory reveals how all policy decisions run risks―and ones involving military force run grave ones―though they can rarely be known with precision.Andrew O. Pace is a historian of the US in the world who specializes in the moral fog of war. He is currently a DPAA Research Partner Fellow at the University of Southern Mississippi and a co-host of the Diplomatic History Channel on the New Books Network. He is also working on a book about the reversal in US grand strategy from victory at all costs in World War II to peace at any price in the Vietnam War. He can be reached at andrew.pace@usm.edu or via andrewopace.com. Andrew is not an employee of DPAA, he supports DPAA through a partnership. The views presented are those of the author and do not necessarily represent the views of DPAA, DoD or its components. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science