New Books in Economics

How Ten Global Cities Take on Homelessness: Innovations That Work (U California Press, 2021) provides a first-hand account of the challenges of homelessness and how cities have used innovation and local political coordination to take them on. Most importantly, it shares lessons from ten cities--Bogota, Mexico City, Los Angeles, Houston, Nashville, New York City, Baltimore, Edmonton, Paris, and Athens--and draws the common themes and strategies that have worked to overcome street homelessness. The authors have been involved in these cities through their work at Bloomberg Associates (as staff and consultants) and bring an interesting array of government, non-profit, and academic perspectives to analyze the efforts underway. From these authors' perspective, homelessness is not an insurmountable social condition, and their examples show that cities can lead the charge for better outcomes. Intended readers include municipal, regional, and national policy makers and managers, non-profit service providers, and community advocates and citizens interested in collaborating for real change. Policy students in public administration and social work would also benefit from such an up-to-date account of best practices on the homelessness front.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 good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic.Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since.In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09.Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin.*The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020)Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Vasco Pedro talks about growing up in Portugal, the lessons learned in military boarding school from the age of 10, his love of coding and building things, and how he was always pushing himself to do better and why team surfing trips, and mock battles are part of the Unbabel culture. We hear him being open about his mistakes and his view of Steve Jobs’ concept of “reality distortion”. He talks about the ups and downs of being a YC company. We also get an insider’s view of how the translation industry is being disrupted by the combination of tremendous cost reductions and speed enhancements that their AI technology brings to the market.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 guestVasco is the CEO of Unbabel, we are eliminating language barriers by combining machine translation and human post editing. He has a PhD in Language Technologies from Carnegie Mellon. Unbabel enables modern enterprises to serve customers in their native languages, with always-on, scalable translation across digital channels. Powered by AI and refined by a global community of translators, Unbabel combines the speed and scale of machine translation with the authenticity that can come only from a native speaker. Unbabel has raised $91M in funding and has over 260 employees across its Lisbon headquarters and offices in San Francisco, New York, and Pittsburgh. Leading brands like Facebook, Microsoft, Booking.com, and easyJet use Unbabel to make their customers happier and their support operations vastly more efficient.Unbabel’s website https://unbabel.com/press-and-mediaVasco’s Linkedin https://www.linkedin.com/in/vascopedroAbout 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. See this episode here https://youtu.be/qmN-mmwZ-L0About 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

I spoke with Prof. Tim Jackson about his latest book: Post Growth, Life after Capitalism, published by Polity Books in 2021.The book starts with a reflection on the event of the past few months. The success in 2019 of the school strikes for climate, the attention that Greta Thunberg received even in Davos, and the arrival of the pandemic that changed our priorities. Even the 2009 crisis challenged the degrowth movement when we experienced the consequences of the recession. I have asked how do we keep the focus on sustainability?This book and his work in general are about the need for a change in our economic paradigms. But we are still tied to old ideas and institutions. Keynes that many progressive politicians and economists frequently refer to, cannot be really claimed to be offering revolutionary ideas for our times. Still, the book mentions an essay by Keynes from 1930 where he appears clearly interested in what should come after the immediate actions (growth) needed to overcome the great depression.We discussed how the shift in economic paradigm can follow different patterns in the rich nations and in the developing ones. Finally, referring to the final chapter, 'Dolphins in Venice', we talked about what could happen at the end of the pandemic to our cultural and consumption preferences.Capitalism is broken. The relentless pursuit of more has delivered climate catastrophe, social inequality and financial instability—and left us ill prepared for life in a global pandemic. Weaving together philosophical reflection, economic insight and social vision, Tim Jackson’s passionate and provocative book dares us to imagine a world beyond capitalism—a place where relationship and meaning take precedence over profits and power. Post Growth is both a manifesto for system change and an invitation to rekindle a deeper conversation about the nature of the human condition.Dr Tim Jackson holds degrees in mathematics (MA, Cambridge), philosophy (MA, Uni Western Ontario) and physics (PhD, St Andrews). He is Director of the Centre for the Understanding of Sustainable Prosperity and Professor of Sustainable Development at the University of Surrey in the UK. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

John Thompson, Emeritus Professor, Fellow of Jesus College, Cambridge, discusses his book 'Book Wars: The Digital Revolution in Publishing' on crowdfunding, audio books, distribution chains, social media, self-publishing, ebooks, Amazon, and retail. He highlights the opportunity created by the digital revolution to reach out directly to readers and consumers. The podcast also explores the impact of digital technologies on book publishing and the challenges faced by the industry in the age of self-publishing.

For years, American Jewish philanthropy has been celebrated as the proudest product of Jewish endeavors in the United States, its virtues extending from the local to the global, the Jewish to the non-Jewish, and modest donations to vast endowments. Yet, as Lila Corwin Berman illuminates in The American Jewish Philanthropic Complex: The History of a Multibillion-Dollar Institution (Princeton University Press, 2020), the history of American Jewish philanthropy reveals the far more complicated reality of changing and uneasy relationships among philanthropy, democracy, and capitalism.With a fresh eye and lucid prose, and relying on previously untapped sources, Berman shows that from its nineteenth-century roots to its apex in the late twentieth century, the American Jewish philanthropic complex tied Jewish institutions to the American state. The government’s regulatory efforts―most importantly, tax policies―situated philanthropy at the core of its experiments to maintain the public good without trammeling on the private freedoms of individuals. Jewish philanthropic institutions and leaders gained financial strength, political influence, and state protections within this framework. However, over time, the vast inequalities in resource distribution that marked American state policy became inseparable from philanthropic practice. By the turn of the millennium, Jewish philanthropic institutions reflected the state’s growing investment in capitalism against democratic interests. But well before that, Jewish philanthropy had already entered into a tight relationship with the governing forces of American life, reinforcing and even transforming the nation’s laws and policies.The American Jewish Philanthropic Complex uncovers how capitalism and private interests came to command authority over the public good, in Jewish life and beyond.Lila Corwin Berman is Professor of History at Temple University.Host: Schneur Zalman Newfield is an Assistant Professor of Sociology at Borough of Manhattan Community College, City University of New York, and the author of Degrees of Separation: Identity Formation While Leaving Ultra-Orthodox Judaism (Temple University Press, 2020). Visit him online at ZalmanNewfield.com. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In The Other Side of the Coin: Public Opinion toward Social Tax Expenditures (Russell Sage Foundation, 2021), political scientists Christopher Ellis and Christopher Faricy examine public opinion towards social tax expenditures—the other side of the American social welfare state—and their potential to expand support for such social investment. Tax expenditures seek to accomplish many of the goals of direct government expenditures, but they distribute money indirectly, through tax refunds or reductions in taxable income, rather than direct payments on goods and services or benefits. They tend to privilege market-based solutions to social problems such as employer-based tax subsidies for purchasing health insurance versus government-provided health insurance. Drawing on nationally representative surveys and survey experiments, Ellis and Faricy show that social welfare policies designed as tax expenditures, as opposed to direct spending on social welfare programs, are widely popular with the general public. Contrary to previous research suggesting that recipients of these subsidies are often unaware of indirect government aid—sometimes called “the hidden welfare state”—Ellis and Faricy find that citizens are well aware of them and act in their economic self-interest in supporting tax breaks for social welfare purposes. The authors find that many people view the beneficiaries of social tax expenditures to be more deserving of government aid than recipients of direct public social programs, indicating that how government benefits are delivered affects people’s views of recipients’ worthiness. Importantly, tax expenditures are more likely to appeal to citizens with anti-government attitudes, low levels of trust in government, or racial prejudices. As a result, social spending conducted through the tax code is likely to be far more popular than direct government spending on public programs that have the same goals. The first empirical examination of the broad popularity of tax expenditures, The Other Side of the Coin provides compelling insights into constructing a politically feasible—and potentially bipartisan—way to expand the scope of the American welfare state.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 we keep trying to solve poverty with technology? What makes us feel that we need to learn to code--or else? In The Promise of Access: Technology, Inequality, and the Political Economy of Hope (MIT Press, 2021), Daniel Greene argues that the problem of poverty became a problem of technology in order to manage the contradictions of a changing economy. Greene shows how the digital divide emerged as a policy problem and why simple technological solutions to complex social issues continue to appeal to politicians and professionals who should (and often do) know better.Patrick Sheehan is a PhD student in Sociology at UT Austin studying work and careers in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Dr. Kristen Looney’s Mobilizing for Development: The Modernization of Rural East Asia published by Cornell University in 2020 interrogates how countries achieve rural development and offers a new way of thinking about East Asia's political economy that challenges the developmental state paradigm. Based on archival research and fieldwork in Asia, the book provides a comparative historical analysis by comparing China's development experience (1980s–2000s) with Taiwan (1950s–1970s) and South Korea (1950s–1970s). The book highlights the role of the state in rural development and sensitize readers to the variation in the region. While the focus is often on institutions, Dr. Looney pushes us to see the dynamic impact of state campaigns on infrastructure, sanitation, and housing in rural areas. The analysis departs from common portrayals of the developmental state as wholly technocratic and demonstrates that rural development was not just a byproduct of industrialization. Rural Modernization campaigns, defined as policies demanding high level of mobilization to affect dramatic change, played a central role in the region and that divergent development outcomes can be attributed to the interplay between campaigns and institutions. As Dr. Looney expands and challenges the developmental state literature, Looney advances a new way of thinking about the political economy of East Asian and encourages political scientists to study rural development.  Dr. Kristen Looney is an Assistant Professor of Asian Studies and Government at Georgetown University. Her areas of specialization include comparative politics and the political economy of China and East Asia.Daniella Campos assisted with this podcast.Susan Liebell is an associate professor of political science at Saint Joseph’s University in Philadelphia. Why Diehard Originalists Aren’t Really Originalists recently appeared in the Washington Post’s Monkey Cage and “Retreat from the Rule of Law:Locke and the Perils of Stand Your Ground” was published in the Journal of Politics (July 2020). Email her comments at sliebell@sju.edu or tweet to @SusanLiebell. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Talking about social class and the American class structure is a challenge. It can be easy to talk about the class system too rigidly, implying that “the rich stay rich while the poor stay poor.” Yet in our individualistic culture, much rhetoric suggests that anything is possible, which can dismiss the privileges or constraints that come with social class.Dr. Jessi Streib, assistant professor of sociology at Duke University, is a social class researcher and scholar whose work focuses on interesting junctures and disjunctures where class reveals its influence on individual lives. In Privilege Lost: Who Leaves the Upper Middle Class and How They Fall (Oxford UP, 2020), Streib focuses on a cohort of over 100 men and women who began life in the upper middle class, interviewing them over a ten-year period as they transition from their teens to their late twenties. By looking at the interplay of resources and identity characteristics that influence each person’s class trajectory to maintain upper middle-class status or become downwardly mobile, Streib identifies the multifaceted elements that influence these outcomes.Each chapter highlights stories that exemplify and show the range of outcomes in various trajectories through a series of archetypes. Social class if often discussed through quantitative studies that can maintain an abstractness to the concept of class mobility, so there is a real power in telling the stories of individuals as an approach to demonstrating the multi-faceted factors that affect social class. The book explores stories of those who become professionals, stay-at-home moms and family men, aspiring athletes and artists, rebels, and explorers. Streib is able to show the interplay of complicated choices individuals make as they enter adulthood, focused on individual values and goals but with associated class implications.Privilege Lost brings to life the stories of the downwardly mobile, showing that class standing is only one way to measure one’s life satisfaction. This exploration of the coming of age of white upper middle class youth reveals much about class and privilege in American family life.Michelle Newhart is a sociologists and instructional designer at Mt. San Antonio College. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics