New Books in Economics

Quotas for women in government have swept the globe. Yet we know little about their capacity to upend entrenched social, political, and economic hierarchies. ​Property and Power seeks to explore this issue within the context of India, the world's largest democracy. Brulé uses cutting-edge research design and extensive field research to make connections among political representation, backlash, and economic empowerment. Her findings show that women in government catalyze access to fundamental economic rights: property rights. Women in politics also have the power to support constituent rights at critical junctures, such as marriage negotiations, sparking integrative solutions to intra-household bargaining. Although they can lead to backlash, quotas are essential for enforcement ​of rights. In this groundbreaking study, Brulé shows how quotas can operate as a crucial tool to foster equality and benefit the women they are meant to empower. Women, Power, and Property: The Paradox of Gender Equality Laws in India has been awarded the APSA’s 2021 Luebbert Prize for the Best Book in Comparative Politics.Dr. Rachel Brule is Assistant Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Graduate Faculty with BU’s Department of Political Science, a Core Faculty at the Global Development Policy Center, and affiliated faculty with the Institute for Economic Development. Sohini Chatterjee is a PhD Student in Gender, Sexuality, and Women's Studies at Western University, Canada. Her work has recently appeared in Women's Studies: An inter-disciplinary journal, South Asian Popular Culture and Fat Studies. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In A Mass Conspiracy to Feed People: Food Not Bombs and the World-Class Waste of Global Cities (Duke UP, 2021), David Boarder Giles explores the ways in which capitalism simultaneously manufactures waste and scarcity. Illustrating how communities of marginalized people and discarded things gather and cultivate political possibilities, Giles documents the work of Food Not Bombs (FNB), a global movement of grassroots soup kitchens that recover wasted grocery surpluses and redistribute them to those in need. He explores FNB's urban contexts: the global cities in which late-capitalist economies and unsustainable consumption precipitate excess, inequality, food waste, and hunger. Beginning in urban dumpsters, Giles traces the logic by which perfectly edible commodities are nonetheless thrown out—an act that manufactures food scarcity—to the social order of “world-class” cities, the pathways of discarded food as it circulates through the FNB kitchen, and the anticapitalist political movements the kitchen represents. Describing the mutual entanglement of global capitalism and anticapitalist transgression, Giles captures those emergent forms of generosity, solidarity, and resistance that spring from the global city's marginalized residents. David Boarder Giles is a Lecturer in Anthropology at the School of Humanities and Social Sciences at Deakin university, Australia. His writes about waste, cities, and social movements. He is also one of the producers of Conversations in Anthropology.Blog: https://dhboardergiles.wordpress.com/Twitter: @DHBoarderGilesAmir Sayadabdi is Lecturer in Anthropology at Victoria University of Wellington. He is mainly interested in anthropology of food and its intersection with gender studies, migration studies, and studies of race, ethnicity, and nationalism. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Historically, discourses of racial, civilizational, and sexual difference have inevitably been entangled with, shaped by, and constitutive of institutions that divide up the land and allocate rights of access and use. Yet, traditionally, political theorists and social scientists have thought of property as an exclusively economic category, and of property rights as institutions that reflect a deeper ‘objective’ balance of power between class forces. This economistic understanding of property has not only served to erase the racialized, colonial, and gendered foundations of capitalism, but it has also led contemporary political and social theorists interested in identity and new social movements to abandon the critique of property.In his recent book Towards an Improper Politics (Edinburgh University Press, 2020), my guest Mark Devenney argues that “property belies any crude distinction between the economic and the political.” Instead, he emphasizes that political orders always link the ability to appropriate land, labor, and commodities with discourses that delimit proper modes of being. He argues for an ‘improper’ politics that challenges both the distribution of property and the norms of propriety that serve to justify inequality.Mark Devenney is a professor at the University of Brighton. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Today I talked to Shameen Prashantham about his book Gorillas Can Dance: Lessons from Microsoft and Other Corporations on Partnering with Startups (Wiley, 2021).In a nutshell, the distrust that must be overcome in business partnerships involving large companies and startups consists of Will they screw up? versus Will they screw us over? In other words, corporations harbor concerns about the competency and reliability of their startup partners. In turn, entrepreneurs worry that they will be taken advantage of, with their I.P. being co-opted or outright stolen. To establish trust rather than fear isn’t easy, as Dr. Prashantham acknowledges in this episode. A lot of stress can only be resolved by establishing how the partnership is a true win-win. At the same time, the person at the “bridge” on the corporation’s side must be at once an advocate, a diplomat and mentor, spanning boundaries within the corporation to bring multiple business units on-board to ensure the collaboration can succeed. All this and more gets covered in this episode, which concludes by exploring how the answer to what’s the “next China” may actually be China outside of its largest, showcase cities.Dr. Shameen Prasantham is Professor of International Business & Strategy and Associate Dean (MBA) at China Europe International Business School (CEIBS) in Shanghai, China. His academic specialty is business partnerships that contribute to sustainable development goals.Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments—also known as randomized controlled trials—designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In The Power of Experiments: Decision Making in a Data-Driven World (MIT Press, 2021), Michael Luca and Max Bazerman explain the importance of experiments for decision-making in a data-driven world.Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money—eBay, for example, discovered how to cut $50 million from its yearly advertising budget—or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good—different ways that governments are using experiments to influence or “nudge” behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit.In this show, Peter Lorentzen interviews economist Michael Luca about this new book on how organizations—including Google, StubHub, Airbnb, and Facebook—learn from experiments in a data-driven world.Michael Luca, a professor of business administration at Harvard University, is an expert on the design of online platforms and the use of data to inform managerial and policy decision-making.Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Political Economy of Collective Action, Inequality, and Development (Stanford UP, 2020) examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com. 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 Eric Protzer (Harvard University) and Paul Summerville (University of Victoria) about their great new book: Reclaiming Populism: How Economic Fairness Can Win Back Disenchanted Voters, published by Polity in 2022.The book provides an original and counterintuitive analysis of what triggered populism around the world. It has received excellent reviews by journalists, policy makers, economists, and academic colleagues. Those who read with interest 'Capital in the Twenty-First Century' and those who disagreed with Thomas Piketty shall read this book.Eric Protzer and Paul Summerville argue that populism is a response to a profound sense that many of the world’s leading economies are unfair. The countries that have been hit by the worst populist upheavals - like the US, UK, France, and Italy – have low social mobility. Unequal economic outcomes would be better tolerated in a society where individual efforts in education and work were fully recognised. The book, based on solid empirical data, demonstrate that illiberal populism strikes hardest when success is influenced by family origins rather than talent and effort. ‘Reclaiming Populism is about 230 pages long and is organised in five chapters: 1 – The Inequality Delusion and Other Scapegoats for Populism; 2 – The Fairness Instinct; 3 – Economic Unfairness and the Rise of Populism; 4 – The Twin Virtues of Equal Opportunity and Fair Unequal Outcomes; 5 – Constraints and Solutions to Economic Fairness.What explains contemporary developed-world populism? A largely-overlooked hypothesis, advanced herein, is economic unfairness. This idea holds that humans do not simply care about the magnitudes of final outcomes such as losses or inequalities. They care deeply about whether each individual’s economic outcomes occur for fair reasons. Thus citizens turn to populism when they do not get the economic opportunities and outcomes they think they fairly deserve. A series of cross-sectional regressions show that low social mobility – an important type of economic unfairness – consistently correlates with the geography of populism, both within and across developed countries. Conversely, income and wealth inequality do not; and neither do the prominent cultural hypotheses of immigrant stocks, social media use, nor the share of seniors in the population. Collectively, this evidence underlines the importance of economic fairness, and suggests that academics and policymakers should pay greater attention to normative, moral questions about the economy.The book is very interesting and accessible to a wide public. For policymakers and scholars in economics, politics and sociology it is a must-read. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Despite the virtually unanimous agreement about his importance, describing Hirschman’s legacy and influence on others is not an easy task— arguably because he was indeed in a league of his own. His search for fresh perspectives was so eclectic that, as many have noted, no recognizable school has ever developed in his footsteps …– Michele Alacevich, Albert O. Hirschman – An Intellectual Biography (2021)These thoughts from the concluding chapter of Michele Alacevich’s latest book Albert O. Hirschman: An Intellectual Biography (Columbia University Press, 2021), speaks to the remarkable life and scholarship as analyzed and described in the professor’s concise and stimulating book of 330 pages including notes and index. In this episode Professor Alacevich explains the significance and ongoing relevance of the interesting work of the political economist and social scientist Hirschman who was a product of the Weimar Republic, and who later became a founding member of The Institute for Advanced Studies in Princeton. As many listeners know, Hirschman authored books such as Exit, Voice, and Loyalty, The Passions and The Interests, and The Rhetoric of Reaction – just a few of his more recognizable titles as Michele discusses many others in this interview.For instance, Professor Alacevich describes the 1977, The Passions and The Interests, as a history of ideas wherein Hirschman tried to make sense of political developments of the time in Latin America by examining the link between economic growth and dictatorship. He also talks about the 1967, Development Projects Observed, as insightful analysis that the original publisher reissued in 2015 with a Foreword by Cass Sunstein and an Afterword written by Michele even though he modestly does not mention his own contribution in this conversation.This new book examines the ideas and scholarly debate surrounding Hirschman’s scholarly work and is a nice complement to the 2013, The Worldly Philosopher, a Hirschman biography by Jeremy Adelman. Professor Alacevich shares many interesting insights about the relevance of Hirschman’s approach today – from how the problem of democracy was a unifying theme in his scholarship including the more formal economic analysis, as well as his emphasis on how ‘doubt’ must be at the heart of a working democracy. Michele’s thoughtful analysis of Hirschman’s important ideas and works is well-worth a listen as is a reading of his engaging intellectual biography.Michele Alacevich is a professor of Economic History and Thought at the University of Bologna, and is currently working on a history of development economics in relation to the three questions of economic growth, democracy, and environmental sustainability.Keith Krueger lectures at the SILC Business School in Shanghai University. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Cogs and Monsters: What Economics Is, and What It Should Be (Princeton UP, 2021), Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world’s crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are “cogs”—self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by “monsters”—untethered, snowballing, and socially influenced unknowns. Coyle argues that economic policy is fundamentally normative, as any policy decision will imply political trade-offs. She argues for a more diverse methodological and conceptually inform analysis while reflecting on broader issues of today such as ethics and the challenges of the digital economy.This book has been recognized as the Financial Times Best Economics Book of the Year 2021 and a CapX Book of the Year, 2021. Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other mussings. Not always in that order. @BatizLazo Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Homelessness is a Housing Problem: How Structural Factors Explain U.S. Patterns (U California Press, 2022), Gregg Colburn and Clayton Page Aldern seek to explain the substantial regional variation in rates of homelessness in cities across the United States. In a departure from many analytical approaches, Colburn and Aldern shift their focus from the individual experiencing homelessness to the metropolitan area. Using accessible statistical analysis, they test a range of conventional beliefs about what drives the prevalence of homelessness in a given city-including mental illness, drug use, poverty, weather, generosity of public assistance, and low-income mobility-and find that none explain the regional variation observed across the country. Instead, housing market conditions, such as the cost and availability of rental housing, offer a far more convincing account. With rigor and clarity, Homelessness is a Housing Problem explores U.S. cities' diverse experiences with housing precarity and offers policy solutions for unique regional contexts.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