New Books in Economics

Creating the Post-Soviet Russian Market Economy: Through American Eyes (Routledge, 2023) captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia.Daniel Satinsky, J.D., M.A.L.D., Consultant, Author, and Associate of Davis Center for Russian and Eurasian Studies at Harvard University.Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Kyle Hauptman, Former economic policy advisor and current Vice Chairman of the National Credit Union Administration, discusses topics such as the history of credit unions, deposit insurance and financial regulation, and how financial regulators are adapting to a world with cryptocurrency and digital assets.

In their remarkable new book Slavery, Capitalism, and the Industrial Revolution (Polity, 2023), Professor Maxine Berg and Professor Pat Hudson “follow the money” to document in revealing detail the role of slavery in the making of Britain’s industrial revolution. Slavery was not just a source of wealth for a narrow circle of slave owners who built grand country houses and filled them with luxuries. The forces set in motion by the slave and plantation trades seeped into almost every aspect of the economy and society.In textile mills, iron and copper smelting, steam power, and financial institutions, slavery played a crucial part. Things we might think far removed from the taint of slavery, like 18th century fashions for indigo- patterned cloth, sweet tea, snuff boxes, mahogany furniture, ceramics and silverware, were intimately connected. Even London’s role as a centre for global finance was partly determined by the slave trade as insurance, financial trading and mortgage markets were developed in the City to promote distant and risky investments in enslaved people.The result is a bold and unflinching account of how Britain became a global superpower, and how the legacy of slavery persists. Acknowledging Britain’s role in slavery is not just about toppling statues and renaming streets. We urgently need to come to terms with slavery’s inextricable links with Western capitalism, and the ways in which many of us continue to benefit from slavery to this day.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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/economics

Warren Coats, former IMF economist and central bank advisor, discusses his beginnings as a Milton Friedman student and his experiences advising central banks in post-USSR Eastern Europe and conflict-affected regions. They touch on the future of SDRs and the US dollar as a reserve currency.

Celebrating 40 years of Milton Friedman's 'Free To Choose' series, Rob Chatfield discusses its legacy and the Free To Choose Network's promotion of Friedman's ideas. Topics include political and economic freedom, income inequality, government intervention, and the series' enduring relevance.

Economic journalist Doug Henwood discusses his book 'After the New Economy', reflecting on the dot com bubble, the unsustainable growth of the new economy, and the skepticism surrounding the current era. He shares his career trajectory, personal experiences during the dot-com bust, and fascination with the ruling class. The concept of the 'new economy' is explored, highlighting its initial promise of expansion and abundance. The role of the stock market and its impact on different economic classes are also discussed.

Think about the last time that you saw or interacted with an unhoused person. What did you do? What did you say? Did you offer money or a smile, or did you avert your gaze? When We Walk By: Forgotten Humanity, Broken Systems, and the Role We Can Each Play in Ending Homelessness in America (North Atlantic Books, 2023) takes an urgent look at homelessness in America, showing us what we lose—in ourselves and as a society—when we choose to walk past and ignore our neighbors in shelters, insecure housing, or on the streets. And it brilliantly shows what we stand to gain when we embrace our humanity and move toward evidence-based people-first, community-driven solutions, offering social analysis, economic and political histories, and the real stories of unhoused people. Authors Kevin F. Adler and Donald W. Burnes, with Amanda Banh and Andrijana Bilbija, recast chronic homelessness in the U.S. as a byproduct of twin crises: our social services systems are failing, and so is our humanity. A necessary, deeply humanizing read that goes beyond theory and policy analysis to offer engaged solutions with compassion and heart, When We Walk By is a must-read for anyone who cares about homelessness, housing solutions, and their own humanity.Stephen Pimpare is a Senior 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

Progress and development have long been important issues in anthropology and social sciences. Based on extensive archives and ethnographic fieldwork, Progress in the Balance: Mythologies of Development in Santos, Brazil (Cornell UP, 2023) addresses and assesses an anthropological theory of progress. Daniel Reichman documents and explains the contested meanings of progress, and reveals how this concept is deeply embedded in Brazil’s histories and socio-cultural contexts. Further, he investigates how any society can separate “progress” from plain old change and, if changes are constantly happening all around us, how and why certain events get lifted out of a normal timeframe and into a mythic narrative of progress.Each chapter in the book outlines a particular episode in Santos, a city undergoing an unprecedented period of economic and political turmoil, as it is represented in public culture, mainly through museums, monuments, art, sports, and public events. Drawing on narrative stories and the anthropology of myth, Reichman proposes a model that he refers to as a “clash of timescapes.” Progress in the Balance shows how the concept of “progress” requires a different temporal structure that separates sacralized social change from mundane historical events, offering analysts a new framework of understanding progress and development.Daniel R. Reichman is Professor of Anthropology at the University of Rochester. His research focuses on cultural responses to economic change, especially the anthropology of trade and globalization in Latin America. He is the author of The Broken Village: Coffee, Migration, and Globalization in Honduras, which was awarded 3rd prize in the 2012 Victor Turner Prize in Ethnographic Writing.Yadong Li is a PhD student in socio-cultural anthropology at Tulane University. He conducts ethnography among ufologists in China. His research interests lie at the intersection of the anthropology of the supernatural, hope studies, and post-structural philosophy (hauntology). More details about his scholarship and research interests can be found here. Anyone interested in his research can contact him at yli88@tulane.edu. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Dominican Republic has posted impressive economic growth rates over the past thirty years. Despite this, the generation of new, good jobs has been remarkably weak. How have ordinary and poor Dominicans worked and lived in the shadow of the country's conspicuous growth rates? Jobless Growth in the Dominican Republic: Disorganization, Precarity, and Livelihoods (Stanford UP, 2022) considers this question through an ethnographic exploration of the popular economy in the Dominican capital. Focusing on the city's precarious small businesses, including furniture manufacturers, food stalls, street-corner stores, and savings and credit cooperatives, Krohn-Hansen shows how people make a living, tackle market shifts, and the factors that characterize their relationship to the state and pervasive corruption.Empirically grounded, this book examines the condition of the urban masses in Santo Domingo, offering an original and captivating contribution to the scholarship on popular economic practices, urban changes, and today's Latin America and the Caribbean. This will be essential reading for scholars and policy makers.Alex Diamond is Assistant Professor of sociology at Oklahoma State University. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Bubble tea, also known as pearl milk tea, boba or tapioca milk tea is a popular drink in Asia. Wherever there is Asian diaspora, such as in the USA, one can find bubble tea as well. Bubble tea is becoming increasingly visible even in European countries where there are relatively smaller Asian communities compared with the situation in the USA. One can find various versions of bubble tea in urban areas such as Helsinki, Vienna, and London.In this episode, Julie Yu-Wen Chen (University of Helsinki) talks to Stella Zhang about her doctoral research at the Faculty of Social Sciences at the University of Helsinki. Stella is interested in the globalisation of food, East-Asian migration and youth culture. Her work investigates how Asia-originated bubble tea, and the wider culture surrounding it, is developing in greater Helsinki, why is it taking off, which sorts of people are involved, how bubble tea is altered – practically and symbolically – as it is made to work in the Helsinki context, and what the implications may be for wider Finnish cultural life.Julie Yu-Wen Chen is Professor of Chinese Studies at the Department of Cultures at the University of Helsinki (Finland). Dr. Chen serves as one of the editors of the Journal of Chinese Political Science (Springer, SSCI). Formerly, she was chair of Nordic Association of China Studies (NACS) and Editor-in-Chief of Asian Ethnicity (Taylor & Francis). You can find her on University of Helsinki Chinese Studies’ website, Youtube, and her personal Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics