New Books In Economics

Two Canadian socialist thinkers have published a new book on the successes and failures, the crises, contradictions and conflicts in present-day capitalism. In The Making of Global Capitalism: The Political Economy of American Empire (Verso, 2013), Leo Panitch and Sam Gindin trace the evolution of the international capitalist system over the last century. (Panitch is a professor of political science at Toronto’s York University while Gindin holds the Packer Chair in Social Justice at York.) They argue that today’s global capitalism would not have been possible without American leadership especially after the two World Wars and that the U.S. Treasury and Federal Reserve were more crucial in extending and maintaining American power than the Pentagon or the CIA. The U.S. capitalist empire is an “informal” one, they write, in which Americans set the terms for international trade and investment in partnership with other sovereign, but less powerful states. Panitch and Gindin also disagree w

Nicolas Rasmussen‘s new book maps the intersection of biotechnology and the business world in the last decades of the twentieth century. Gene Jockeys: Life Science and the Rise of Biotech Enterprise (Johns Hopkins University Press, 2014) takes readers into the fascinating world of entrepreneur-biologists as they developed five of the first products of genetic engineering. Based on a documentary archive that includes oral history interviews and corporate documents resulting from patent litigation, Rasmussen’s book emphasizes the agency of the biologists in in driving the development of first-generation recombinant DNA drugs like insulin, human growth hormone, and interferon. After an introduction to the development of basic molecular biology in a Cold War context – and paying special attention to the ways that Kuhn’s notion of “normal science” helped shape the discipline – the ensuing chapters each present a case study that illustrates an important aspect of the histor

Michael Kwass‘s new book, Contraband: Louis Mandrin and the Making of a Global Underground is much more than an exciting biography of the notorious eighteenth-century smuggler whose name remains legendary in contemporary France. Focusing on the rise and fall of a mythic, early-modern French bandit, Kwass’s study moves between the micro- and the macro-historical, revealing the crucial role that smuggling played in a French economic and political landscape that must be understood in global perspective. The book shows how the underground economy that emerged during the ancien regime developed in close relationship to the trade practices and regulation attempts of the French state. The opposite was also true. State efforts to regulate trade in tobacco and calico from the reign of Louis XIV onwards contributed to the development of illicit activity and networks, and the desire to quash the economic underground, in turn, provoked changes in economic policy, legislation, and perceptions of the need for r

Rita Denny and Patricia Sunderland‘s bookHandbook of Anthropology in Business (Left Coast Press, 2014) isa groundbreaking collection of essays all related to Business Anthropology. As with all interdisciplinary subjects, business anthropology has been infiltrated by other social scientists, designers and marketers. Denny and Sunderland made sure to also include those perspectives among the 60 plus authors that are featured in the handbook. This is a great reference for any anthropologist in practice, and an interesting read about the ways in which anthropology is adapting and changing. Questions about how to present anthropological findings and conduct fieldwork in a business setting are analyzed through the lenses of the academic discipline and the industry, If you have any interest in practicing anthropology, conducting ethnography, or anthropological research methods in business, this is a must have reference for your shelf.Learn more about your ad choices. Visit megaphone.fm/adchoices

In this wonderful ethnography of Darjeeling tea, Sarah Besky explores different attempts at bringing justice to plantation life in north east India. Through explorations into fair trade, geographic indication and a state movement for the Nepali tea workers, Besky critically assesses the limits of projects that fail to address underlying exploitative structures. The Darjeeling Distinction: Labor and Justice on Fair-Trade Plantations in India (University of California Press, 2014) is a readable and theoretically nuanced book that should be of interest to many. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dream Zones: Anticipating Capitalism and Development in India (Pluto Press, 2014), the excellent new book by Jamie Cross, explores the ways in which dreams of the future shape the present. Centring in and around a large Special Economic Zone in south India, the book analyses anticipation amongst politicians, managers, workers, land-owners and activists.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Loraine Kennedy‘s The Politics of Economic Restructuring in India: Economic Governance and State Spatial Rescaling (Routledge, 2014) is a timely and important intervention into the debate on how economic liberalisation is transforming the Indian state. The book’s central argument is that these reforms have ‘rescaled’ the Indian state, with important consequences for growth and economic governance. This is perused through analyses of state strategies, Special Economic Zones and urban development, amongst others.Learn more about your ad choices. Visit megaphone.fm/adchoices

Dalits and Adivasis in India’s Business Economy: Three Essays and an Atlas (Three Essay Collective, 2013) is a wonderful new book by Barbara Harriss-White and small team of collaborators – Elisabetta Basile, Anita Dixit, Pinaki Joddar, Aseem Prakash and Kaushal Vidyarthee – published by the Three Essays Collective. The book explores the ways in which economic liberalisation interacts with caste, specifically in reference to scheduled castes and scheduled tribes, otherwise known as Dalits and Adivasis. A truly unique book, both in terms of how the data has been gathered and presented, the essays are variously wide and deep and ask a host of questions to inspire future research.Learn more about your ad choices. Visit megaphone.fm/adchoices

How did we come to think of spaces for the storage and circulation of body parts as “banks,” and what are the consequences of that history for the way we think about human bodies as property today? Kara W. Swanson‘s wonderful new book traces the history of body banks in America from the nineteenth century to today, focusing especially on milk, blood, and sperm. Banking on the Body: The Market in Blood, Milk, and Sperm in Modern America (Harvard University Press, 2014) takes readers into early twentieth-century America, when doctors first turned to human bodies and their parts as sources of material to help cure their most desperate cases. As these doctors developed an expertise in harvesting body products and sought reliable and cooperative supplies thereof, human milk and blood were first transformed into commodities. Swanson’s story introduces some of the most crucial actors in this history, including wet nurses, professional blood donors, Red Cross volunteer “Grey Ladies,̶

Lifeblood: Oil, Freedom, and the Forces of Capital (University of Minnesota Press, 2013) is an incisive look into how oil permeates our lives and helped shape American politics during the twentieth century. Author Matthew Huber shows the crucial role oil and housing policy played in the New Deal and how, in subsequent decades, government policies drove many Americans to the suburbs and increased their dependence on petroleum. Although such policies were central to suburbanization, Americans in these new neighborhoods tended to forget this fact, and instead, saw their success in the suburbs as the outcome of private achievements. Over time, such places became the crucible for the growth of neoliberalism. Lifeblood demonstrates the role oil played not only in suburbanization, but in the rightward shift of American politics over the past four decades.Learn more about your ad choices. Visit megaphone.fm/adchoices

“Diamonds are forever” or “Blood diamonds”–the one a pithy marketing slogan showing how diamonds encapsulate enduring love and commitment and the other a call to conscience about the violence and suffering the quest for diamonds has entailed throughout Africa, the supplier of the majority of the world’s diamonds. In his engagingly written and concise history, Stones of Contention: A History of Africa’s Diamonds (Ohio University Press, 2014), Todd Cleveland looks at the scope and complexity of the African diamond industry and trade from the earliest expressions of international interest in the continent’s mineral wealth to the present day. He highlights the experiences of Africans and their involvement in the mining and processing of diamonds. From artisanal miners working alluvial deposits to company miner workers in South Africa to armed rebels in West Africa to successful industrial operations in Botswana and Namibia, Cleveland provides a panoramic and balance

The new book, Constructing Neoliberalism: Economic Transformation in Anglo-American Democracies (University of Toronto Press, 2013) shows how political elites in Britain, New Zealand, Australia and Canada successfully introduced radically new economic policies in the 1980s. While opinion polls have consistently showed that neoliberal policies are not popular, governments in all four countries have continued implementing an agenda that includes government spending cuts, the privatization of state-owned enterprises and free trade. The book’s author, Jonathan Swarts, Associate Professor of Political Science at Purdue University North Central in northwestern Indiana, says he finds it fascinating how governments of all political stripes in the four Anglo-American democracies have adopted neoliberalism, which he calls a new “political-economic imaginary.” In this interview with the New Books Network, Professor Swarts discusses how political leaders in the four Anglo-American democracies brought

An unflinching examination of the trauma, violence, opportunism, and vision that combined to create the empire for slavery that was the Old South, Ed Baptist‘s new book The Half Has Never Been Told: Slavery and the Making of American Capitalism (Basic Books, 2014) challenges popular conceptions of that region that imagine it as a land of proud men, genteel ladies, and an antiquated, inefficient system of labor. The slavery that Baptist uncovers is dynamic, relentless, brutal, and extremely profitable. Surviving it, he shows, was an impressive accomplishment all its own. And its role in driving the development of American capitalism in the formative years of the republic raises troubling questions about the legacy of slavery in contemporary times.Learn more about your ad choices. Visit megaphone.fm/adchoices

Staci Zavattaro is the author of the new book Cities for Sale: Municipalities as Public Relations and Marketing Firms (SUNY Press, 2013). Zavattaro is assistant professor of public administration at Mississippi State University. Cities have received renewed interest from political scientists recently. Previously, Ravi K. Perry was on the podcast to discuss his book Black Mayors, White Majorities: The Balancing Act of Racial Politics (University of Nebraska Press, 2014). Zavattaro approaches the local subject from the perspective of public administration and an eye toward the marketing of cities. You’d be hard presses to live in a community that hasn’t launched a new publicity campaign or a new slogan to attract new residents.  Zavattaro tries to analyze these efforts and suggests that cities use six selling tactics to advance their interests: branding, media relations, in-house publications, use of volunteers and outside organizations as PR surrogates, aesthetic and affective appeal, and built env

Since the 1990s, the music industry has been going through a massive transformation. After World War II, the primary way audiences participated in the music business in the period between 1945 and 1990 was by purchasing records and attending concerts. The internet and the mp3 file, however, have changed how people are listening to music. In Popular Music in a Digital Music Economy: Problems and Practices for an Emerging Service Industry (Routledge, 2014), Tim Anderson explores how the music industry is changing from selling records as its primary purpose to a new paradigm in which artists must be entrepreneurial, audiences are end users, and record companies are investing in music brands, not simply records. Anderson’s book is a great guide for this new world. In his book, he draws on a wide range of examples from Moby and Lupe Fiasco to Amanda Palmer and Jonathan Coulton. He also introduces readers to the role that music supervisors, such as Alexandra Pastavas, are playing in film and television. Dr. T

John Nathan Anderson’s new book, Radio’s Digital Dilemma: Broadcasting in the 21st Century (Routledge, 2014), documents the somewhat tortured path of broadcast radio’s digital transition in the United States.  Beginning his analysis with rise of neoliberal communications policy in the 1980s, Anderson charts the development of the idea of digitalization by closely examining two key archival sources: The Federal Communication Commission’s extensive archive of rulemaking and public comments and the archives of the two most important trade journals in broadcast radio, Radio World and Current. As Anderson explores in the book, FCC regulatory neglect coupled with the huge consolidation within the radio industry following the passage of the Telecommunications Act of 1996 resulted in a digital transition that was dictated largely by commercial interests.  For example, the most important decision about digital radio – the engineering standard for digital broadcasting – was determine

The continued growth of online gaming and virtual worlds has effects not only in the analog world, with games and social media organizations taking stock options public, but also in the worlds created online. Many games and platforms allow users to involve themselves in virtual labor, to own property, and most importantly to make purchases. This one of areas where the analog and virtual crossover. And the question for platform providers becomes how to capitalize on user interest while earning money. In the new book Virtual Economies: Design and Analysis (MIT 2014), Vili Lehdonvirta, a research fellow at the Oxford Internet Institute, at the University of Oxford and Edward Castronova, professor of communications and cognitive science at Indiana University provide a detailed examination of the underpinnings and motivations for the creation of virtual economies. Lehdonvirta and Castronova consider various international examples to provide a comprehensive look at the markets that continue to be embedded into all

Jim Russell is a sociologist and it was his encounter with the hidden realities of his own 401(k) retirement plan that touched off his crusade to demystify for himself, and then others, just what was at stake in the options presented by private and public retirement plans. In Social Insecurity: 401(k)s and the Retirement Crisis (Beacon Press, 2014), he puts into plain language for ordinary Americans the arcane terminology used by retirement-fund managers, and uses his own real-life experiences to build an empathetic bond with anxiety-laden readers. Russell moves seamlessly between the personal and political, the present and past, the domestic and global. The holism of his sociology is Russell’s strongest suit. With admirable succinctness and clarity–this is economics for the-rest-of-us–he recounts the Chicago-school economics that spawned the right-wing privatization movement. He then situates in the emergence of neoliberalism the corporate campaign to move billions of dollars from American

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here.Learn more about your ad choices. Visit megaphone.fm/adchoices

Americans are very politically divided. Democrats say we need a more powerful welfare state while Republicans say we need to maintain the free market. The struggle, we are constantly informed, is one of ideas. And that it is in the worst possible sense, for neither the Democrats nor Republicans seem interested in evidence. They don’t want the facts to get in the way of their arguments. In his remarkable book The Political Economy of Human Happiness: How Voters’ Choices Determine the Quality of Life (Cambridge University Press, 2013), Benjamin Radcliff provides facts that should help both Democrats and Republicans, despite their many differences, decide how to proceed. He asks a simple, compelling question: do conservative or liberal public policies make people happier? After an extensive and sophisticated analysis of the data, he reaches an equally simple, compelling answer: liberal policies do. Radcliff is a great friend of the free market; it is obvious, he says, that capitalism is the best econ