New Books In Economics

Since the collapse of the Berlin Wall, there has been a widespread affirmation of economic ideologies that conceive the market as an autonomous sphere of human practice. In the wake of the 2008 financial crisis, this idea has been countered by calls for reforms of financial markets and for the consideration of moral values in economic practice. Religion and the Morality of the Market: Anthropological Perspectives (Cambridge University Press, 2017) intervenes in these debates by showing how neoliberal market practices engender new forms of religiosity, and how religiosity shapes economic actions. Daromir Rudnyckyj, one of the volumes editors, is Associate Professor of anthropology at the University of Victoria. Hillary Kaell co-hosts NBIR and is Associate Professor of Religion at Concordia University in Montreal, Canada. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tore C. Olsson‘s Agrarian Crossings: Reformers and the Remaking of the US and Mexican Countryside (Princeton University Press, 2017) tells a remarkable and under-appreciated story. It’s about how, in the 1930s and 40s, a group of reformers in the US and in Mexico undertook projects to transform the rural worlds of their respective countries in the name of social justice and agrarian productivity. Olsson demonstrates how closely the histories of Mexico and the American South in particular paralleled one another, and how parallel histories yielded parallel problems, including mass rural poverty, landlessness, and economic deprivation. Whether in Mississippi or Michoacan, Tennessee or Tabasco, the rural masses saw few tangible benefits in the economic miracle heralded by boosters in Atlanta and Mexico City, Professor Olsson writes. And so in that decade historians sometimes like to call the long 1930s, Mexican and US reformers crossed the border again and again, to share models and ideas, and to unde

In 2017 half of the world’s wealth belongs to the top 1% of the population. In his new book, The Great Leveler Violence and the History of Inequality from the Stone Age to the Twenty-First Century (Princeton University Press, 2017), Walter Scheidel explores economic inequality and sets forth the provocative thesis that only violence and catastrophes have truly reduced it throughout history. Scheidel delves in what he labels as the “Four Horsemen” of leveling—mass-mobilization warfare, transformative revolutions, state collapse, and catastrophic plagues—and how they have persisted in history and proved the most efficient ways in reducing what seems to be an inevitable trend in human history. Walter Scheidel teaches at Stanford University. The interview is part of a series produced by the Crisis, Extremes, and Apocalypse Research Network and the New Books Network. Audrey Borowski is a historian of ideas and a doctoral researcher at the University of Oxford. She is also the founder

On September 3, 1991, a fire erupted at the Imperial Foods factory in the small town of Hamlet, North Carolina. Twenty-five people died behind the factory’s locked doors that morning. Most of the victims were women, and about half of them were black. In The Hamlet Fire: A Tragic Story of Cheap Food, Cheap Government, and Cheap Lives (The New Press, 2017), Temple University history professor Bryant Simon lays out the structural failures in the American and global economic systems which killed those workers. As economic growth slowed and inflation rose in the 1970s, many Americans grew disillusioned with the New Deal era promise of high wages and a robust regulatory state. Instead, Simon argues, Americans began to embrace a culture of cheap, ready-made, products and government policies which benefitted business owners, rather than employees. Food sat high atop the list of cheap items Americans craved, particularly chicken which, just before the Hamlet fire, surpassed beef as the meat most commonly consume

In his new book, The Pilbara: From the Deserts Profits Come (UWA Publishing, 2017), Bradon Ellem, Professor of Employment Relations at the University of Sydney Business School, explores the Pilbara region of Western Australia, a mining region central to the Australian economy and the Australian imagination, but one that few Australians truly know in depth. Focusing on the workers of the Pilbara, Ellem argues that despite the region’s history of unionism, the significant power-grab by companies in the 1980s meant that the great mining boom of the early 21st century favored company profits over union prophets.Learn more about your ad choices. Visit megaphone.fm/adchoices

In the decades following the end of the Second World War, the British economy evolved from a manufacturing-based economy to one driven by service industries, most notably finance. As Aled Davies explains in his book The City of London and Social Democracy: The Political Economy of Finance in Post-war Britain (Oxford University Press, 2017), this shift posed a challenge to the prevailing concept of social democracy in Britain, one to which politicians, particularly those on the left, struggled to respond. With British industry facing growing competition abroad, successive governments in the 1960s and 1970s sought investment capital in order to maintain that sector’s viability. Efforts were made to encourage institutional investors such as pension and insurance funds to devote more of their industrial investment to long-term development rather than short-term profit, while many on the left of the Labour Party in the 1970s advocated nationalizing the banks as a means of channeling resources into the sector

Analyzing land policy, labor, and legal history, Masterless Men: Poor Whites in the Antebellum South (Cambridge University Press, 2017) reveals what happens to excess workers when a capitalist system is predicated on slave labor. With the rising global demand for cotton – and thus, slaves – in the 1840s and 1850s, the need for white laborers in the American South was drastically reduced, creating a large underclass who were unemployed or underemployed. These poor whites could not compete – for jobs or living wages – with profitable slave labor. Though impoverished whites were never subjected to the daily violence and degrading humiliations of racial slavery, they did suffer tangible socio-economic consequences as a result of living in a slave society. The author examines how these ‘masterless’ men and women threatened the existing Southern hierarchy and ultimately helped push Southern slaveholders toward secession and civil war. Keri Leigh Merritt is an independent scholar

Religion is big business nowadays. Within the global context of Muslim consumers Islamic commodities have become increasingly popular over the past few decades. Faegheh Shirazi, Professor in the Department of Middle Eastern Studies at the University of Texas at Austin, explores the industrial and discursive production of halal products in Brand Islam: The Marketing and Commodification of Piety (University of Texas Press, 2016). In the wake of increased insecurity due to the rise of anti-Muslim sentiments and policy, Islamic-branded products have become an essential means for shaping and expressing social identities. The commodification of a religious orientation has produced a halal consumerism that pervades the branding and marketing logic of several industries. In our conversation we discuss the corporatization of the halal food industry, Islamic products and non-Muslim publics, the politics of slaughtering animals, Islamic branded toys, such as hijabi dolls, cosmetic and toiletry products, and the Muslim f

The relationship between religion and economic activity has attracted generations of scholars working in myriad settings. In recent years, many have turned to questions of how Islamic ideas are generative of economic activity, to Islamic finance and capital, and to the relationship between contemporary Islam and capitalism more broadly. In Corporate Islam: Sharia and the Modern Workplace (Cambridge University Press, 2017), Patricia Sloane-White builds on this work by asking “not only how the spread of global capitalism transforms the lives of Muslims… but how capitalism empowers the spread of Islam.” Drawing from interviews and ethnographic fieldwork over a seven-year period, and a wealth of knowledge from over two decades of research in Malaysia, Sloane-White argues that the “sharia space” of the today’s corporate Islamic workplace is a third domain between the public and the private in which employees must submit to the guidance of their professional and personal lives by

To remember Nathaniel Bowditch today primarily for his famous navigational textbook is to acknowledge only one of his many achievements. As Tamara Plakins Thornton demonstrates in her book Nathaniel Bowditch and the Power of Numbers: How a Nineteenth-Century Man of Business, Science, and the Sea Changed American Life (University of North Carolina Press, 2016), Bowditch’s legacy is one that endures in a surprising range of fields. The son of a luckless merchant captain, Bowditch grew up in the early years of the new republic. At an early age he was apprenticed at a young age to a ship’s chandler, which introduced him to the world of maritime commerce. His aptitude for mathematics led him to identify numerous errors in the standard navigational text he used while on commercial voyages, and his revisions established the book colloquially known by his name today. Yet this was only at the beginning of a long and prosperous career in business, as he moved from commerce to insurance and banking. As Thorn

The new German Democratic Republic, known as East Germany, faced many challenges when it was founded in 1949. Not least of which was convincing its citizens that they should be loyal to the new state and mobilizing the population towards its ideological goals. In The People’s Own Landscape: Nature, Tourism and Dictatorship in East Germany (University of Michigan Press, 2014), Scott Moranda explores how the Socialist Unity Party (SED) attempted to use tourism and landscape planning to reshape East Germans’ definition of their homeland. He also demonstrates the messy boundaries between state and society, in which East Germans refused to change patterns of pre-World War II nature activities such as hiking and camping; conservationists and the regime found common ground on concepts of landscape management; and environmentalism resulted in a fundamental break between society and the state. The People’s Landscape contributes to our understanding of East Germany’s environmental history as wel

What is life like in the aspirational economy? In (Not) Getting Paid to Do What You Love: Gender, Social Media and Aspirational Work (Yale University Press, 2017) Brooke Erin Duffy, an assistant professor in the Department of Communication at Cornell University, explores the working life of bloggers, social media stars, and online influencers (not) making a living in and around the fashion industry. The core of the book is the idea of aspirational labour, which captures the demands of trying to get in and get on in this precarious form of work. Aspirational labour is theorised in conjunction with gender and the broader inequalities of production and consumption in consumer culture. The book then uses this frame to explore the big winners of the social media economy, alongside detailing the hidden costs to being authentic and effortless online, as well as reflecting on the impact of aspirational labour on many other areas of economy and society. The book is packed with rich and detailed interview data, and is

Is Marx still relevant? Any social scientist will answer with a resounding yes! In what he refers to as a thought experiment, Ivan Ascher uses Marx to understand the financial market. In Portfolio Society: A Capitalist Mode of Prediction (Zone Books, 2016), Ascher focuses on the arc and narratives found in Capital, using them to analyze risk, credit, and the financial market downfall of 2008. Ascher encourages the reader to explore how we might be able to understand what is going on today by looking back at Marx’s understanding of capitalism. The reader will come across familiar characters, like moneybags and vampires, and familiar concepts from Marx, like fetishism and co-dependence within the market. The nice thing about this book is that you do not need prior knowledge of Marx or financial markets, though those who have knowledge of either or both will still find great pleasure in this thought experiment. This book would be enjoyed by sociologists or political scientists in general, alongside those i

Dominant social norms and expectations shape how individuals and their public activities are understood. In Roman antiquity, various shifts influenced the production and dissolution of prejudices towards certain types of occupations. In Trade and Taboo: Disreputable Professions in the Roman Mediterranean (University of Michigan Press, 2016), Sarah Bond, Assistant Professor of Classics at the University of Iowa, explores the legal, social, and literary modes of persecution and stigmatization of unseemly occupations and voluntary associations. One’s membership in Roman society was often regulated through reputation and social position. Criers, funerary workers, and tanners were among the many trades that were viewed as unwholesome, marginalizing these individuals from the broader community. Over time there were shifts in social perceptions of certain types of work, often catalyzed by religious communities. In our discussion we talked about taboos as an analytical category, reading soundscapes in ancient t

Labor markets are not what they used to be, as Ilana Gershon argues in Down and Out in the New Economy: How People Find (or Don’t Find) Work Today (University of Chicago Press, 2017). Job seekers are increasingly being taught that they need to sell themselves as if they were their own business, and what will set them apart from other applicants is not their skills or their experience, but the distinctiveness of their brand. Join us for a provocative discussion about how workers are being taught to position themselves to employers, and how modern labor markets, as a consequence, differ from those in the past — and why that matters. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Do

We are accustomed to the thought that individuals facing dire circumstances may rightfully take use of others’ property in order to save their own lives. For example, one thinks it obvious that in order to avoid freezing to death, a lost mountain hiker may rightfully break into and make use of a heated cabin that is not his property. But what justifies this idea? And what are its implications for a world where millions are subjected to sustained and systematic depravation? In The Right of Necessity: Moral Cosmopolitanism and Global Poverty (Rowman and Littlefield, 2016) Alejandra Mancilla defends the idea that under the current global order, those who are subject to such systematic depravation have a right to take, use, seize, and occupy what is needed in order to satisfy requirements for basic subsistence.Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Space of Boredom: Homelessness in the Slowing Global Order (Duke University Press, 2017) Bruce O’Neill explores how people cast aside by globalism deal with an intractable symptom of downward mobility: an unshakeable and immense boredom. Focusing on Bucharest, Romania, where the 2008 financial crisis compounded the failures of the postsocialist state to deliver on the promises of liberalism, O’Neill shows how the city’s homeless are unable to fully participate in a society that is increasingly organized around practices of consumption. Without a job to work, a home to make, or money to spend, the homeless—who include pensioners abandoned by their families and the state—struggle daily with the slow deterioration of their lives. O’Neill moves between homeless shelters and squatter camps, black labor markets and transit stations, detailing the lives of men and women who manage boredom by seeking stimulation, from conversation and coffee to sex in public restrooms or goi

We are nearly a decade removed from the start of the Great Recession, and many indicators show that the economy is doing relatively well. But during this economic catastrophe, a significant number of people faced long-term unemployment, especially in the manufacturing sector. Jobs that were once the picture of stability and security, and that helped form a vibrant post-war middle class in the United States, disappeared as companies downsized, outsourced, and retooled. In his book, Cut Loose: Jobless and Hopeless in an Unfair Economy (University of California Press, 2015), Assistant Professor of Sociology Victor Tan Chen examines former autoworkers—perhaps the most iconic of blue-collar American jobs—and their experiences with long-term unemployment. Upon getting laid off from their jobs, these workers confront a completely different labor market from what they were used to. No longer can they succeed based solely on hard work—the idea of meritocracy that they have all embraced as an ideal. T

In his book, A Powerful Influence on Australian Affairs: A New History of the AWU (Melbourne University Publishing, 2017), Nick Dyrenfurth, Executive Director of the John Curtin Research Centre, explores the history of the nation’s oldest and most influential trade union, the AWU. Over 131 years, the Australian Workers Union has had a significant impact on Australia’s national identity and its center-left politics.Learn more about your ad choices. Visit megaphone.fm/adchoices

How should we understand markets? In Markets and the Arts of Attachment (Routledge, 2017) Franck Cochoy, Liz McFall, and Joe Deville (from University Toulouse- Jean Jaures,Open University and Lancaster University respectively) bring together essays engaging with the contemporary economic sociology to better explain how markets function. The book is published as part of the Culture, Economy, and the Social (CRESC) book series, and contains a wide range of examples and case studies on how people become ‘attached’ to, and in, markets, and how markets are deeply intertwined with sentiments and emotions. Brands, consumer finance, classic cars, call centres, advertising, dating, watches, and social media are amongst the varied, yet complimentary, set of subjects for this important new collection. The book is essential reading for anyone seeking to better understand the sociology of markets, in particular seeking to move beyond both one dimensional critiques of consumerism and purely economic narratives