New Books in Economics

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 consumed by American diners. It was no coincidence that the Imperial plant in Hamlet processed chicken strips and tenders for sale at national chain grocery stores. Nor was it a coincidence that Imperial relocated to North Carolina in the 1980s, as the state defunded regulatory systems and opened its doors to businesses looking for any edge in a hyper competitive market. The Hamlet Fire is a remarkable and ultimately sad story about the hidden costs of American consumption and global systems of production at the end of the twentieth century. Stephen Hausmann is a doctoral candidate at Temple University and Visiting Instructor of history at the University of Pittsburgh. He is currently writing his dissertation, a history of race and the environment in the Black Hills and surrounding northern plains region of South Dakota, Wyoming, and Montana.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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. Such proposals, however, were countered with calls to liberalize and deregulate the financial sector, many of which were advanced by trade associations and other bodies within the financial sector whose growing influence reflected the increasing importance of the City both as a part of the economy and within national politics. Their success in resisting intervention, Davies concludes, presaged the market-driven approach pursued by Margaret Thatcher’s Conservative government after 1979, one which continues to define British policy down to the present day. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 from Atlanta, Georgia. She received her B.A. in History and Political Science from Emory University, and her M.A. and Ph.D. in History from the University of Georgia. Her research generally focuses on race and class in American history. Merritt’s work on poverty and inequality has garnered multiple awards, and she also writes historical pieces for the public, with letters and essays appearing in Aeon, on BillMoyers.com, and in The New York Times. In addition to Masterless Men, Merritt has a forthcoming co-edited book on southern labor history with University of West Georgia historian Matthew Hild tentatively titled Reviving Southern Labor History: Race, Class, and Power. She is also currently conducting research for two additional book-length projects; the first is on black resistance in the vastly understudied Reconstruction era, and the second project examines the changing role of law enforcement in the mid-nineteenth century south. Masterless Men: Poor Whites in the Antebellum South is her first book. James P. Stancil II is an educator, multimedia journalist, and writer. He is also the President and CEO of Intellect U Well, Inc. a Houston-area NGO dedicated to increasing the joy of reading and media literacy in young people. He can be reached most easily through his LinkedIn page or at james.stancil@intellectuwell.org.   Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 fashion industry. Kristian Petersen is an Assistant Professor of Religious Studies at the University of Nebraska Omaha. He is the author of Interpreting Islam in China: Pilgrimage, Scripture, and Language in the Han Kitab (Oxford University Press, 2017). He is currently working on a monograph entitled The Cinematic Lives of Muslims, and is the editor of the forthcoming volumes Muslims in the Movies: A Global Anthology (ILEX Foundation) and New Approaches to Islam in Film (Routledge). You can find out more about his work on his website, follow him on Twitter @BabaKristian, or email him at kjpetersen@unomaha.edu. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 men who insist that their businesses can and must be both profitable and pious. Patricia Sloane-White joins New Books in Southeast Asian Studies to talk about Malaysia’s self-styled men of the mosque and the market; the new nexus between Islamic scholars and CEOs; the decline of the bumiputera generation; sexuality, gendered divisions of labour, and the problem of patriarchy in the capitalist workplace everywhere. Listeners of this episode may also be interested in: Iza Hussin, The Politics of Islamic Law: Local Elites, Colonial Authority and the Making of the Muslim State Meredith Weiss, Student Activism in Malaysia: Crucible, Mirror, Sideshow Nick Cheesman is a fellow in the College of Asia and the Pacific, Australian National University. He can be reached at nick.cheesman@anu.edu.au Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 Thornton explains, Bowditch’s mathematically-honed passion for order and precision was employed to systematize traditionally irregular business practices in ways that are reflected in the modern workplace, while his use of trusts to preserve family fortunes ensured the perpetuation of an entire New England social class. Such was his success that Bowditch became one of the Brahmin elite of nineteenth-century Boston society, while his achievements in mathematics and astronomy helped to make him a national icon by the time of his death. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 well as to our understanding of the nuances of the relationship between state and society under dictatorships. Scott Moranda is Associate Director of History at SUNY Cortland. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 essential reading for anyone seeking to understand contemporary consumer culture. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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 interested in financial markets. It would be especially useful in a theory course where students could make connections between Marx and Ascher’s narratives. Sarah E. Patterson is a postdoc at the University of Western Ontario. You can follow and tweet her at @spattersearch. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics