New Books In Economics

In 2013, Whole Foods CEO John Mackey started a movement with Conscious Capitalism, a New York Times bestseller that taught the power of the heroic spirit of business. Since then, readers and fans have been asking Mackey for a follow-up on leadership. Now he's answered their call, to inspire entrepreneurs and trailblazers to take the next step: as leaders who see beyond the bottom line.  Conscious Leadership: Elevating Humanity Through Business (Portfolio, 2020) by John Mackey, Steve McIntosh and Carter Phipps pulls back the veil on the strategies that have helped Mackey shepherd Whole Foods through four decades of incredible growth and innovation, including its recent sale to Amazon. Through time-tested virtues, from Passion for Purpose to Seek Win-Win-Win Solutions, each chapter will challenge you to rethink conventional business wisdom. The book weaves together anecdotes and case studies, profiles of other conscious leaders and innovative techniques for self-development -- culminating in an empowering call

Why do many startups fail? Tom Eisenmann, Professor of Entrepreneurship at Harvard Business School realised that even he didn’t really know the answer, despite a lifetime teaching entrepreneurship, and decided to write a book to answer exactly that question. You can hear him go into detail on the NBN Entrepreneurship and Leadership Channel interviewed by experienced entrepreneurs Richard Lucas and Kimon Fountoukidis. Whether you want to start a business one day, or just have better conversations with people who are in business, don’t miss this “book of the day” podcast. He draws attention to a critical gap in the Lean Startup methodology which can save both dollars and time if correctly applied. This idea alone makes the podcast worth listening to. 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. In this episode we d

Turns out "objectivity" has a not-so clear-cut definition across time. In this podcast, Lorraine Daston and Peter Galison to discuss their work, Objectivity (Zone Books, 2010). This work traces the historical and cultural developments of the word “objective” as it acquired different meanings and associated practices. Similarly, they consider the changing relationship of objectivity as it relates to the subjectivity of the researcher, as the “scientific self.” This deep philosophical work, diving into the cultural and historical shifts of epistemology within the past few centuries, is told through atlas making and image generation. In this conversation, we discuss the evolving processes of research and atlas making and how they co-evolved with the fears, virtues, and ideals of the time of their emergence. Additionally, we talk about the role of the self and aesthetics in categorizing and publishing the collections of working objects in atlases. We end looking at the current trajectories of image production as

In recent years the phrase “revisionist history” has emerged as a label for politically-correct reexaminations of an unalterable understanding of our past. As James M. Banner, Jr. demonstrates in his book The Ever-Changing Past: Why All History Is Revisionist History (Yale UP, 2021), such a definition ignores how historical knowledge in the West has always been fluid and subject to reinterpretation by scholars. As Banner illustrates, such revisionism occurs in a variety of ways and can reflect everything from the discovery of new information to the reconsideration of the past from different perspectives the present. These approaches are evident even in the earliest works of history, and reflect the changes that have taken place in civilization over time. By addressing recent public controversies at which revisionism was at the heart, Banner shows that It is through this process that we better understand who we are today and the course we will take as a society going forward. Learn more about your ad choices.

Francine Tremblay's book Organizing for Sex Workers’ Rights in Montréal: Resistance and Advocacy (Lexington Books, 2020) is based on a case study about Stella, l’amie de Maimie a Montréal sex workers' rights organization, founded by and for sex workers. It explores how a group of ostracized female-identified sex workers transformed themselves into a collective to promote the health and well-being of women working in the sex industry. Weighed down by the old and tenacious whore symbol, the sex workers at Stella had to find a way to navigate the criminality of sex work and sex workers, in order to do advocacy and support work, and create safer spaces for sex workers to engage in such advocacy. This book focuses on sex workers, but the advocacy challenges and strategies it outlines can also apply to the lives of other marginalized groups who are often ignored, pitied, or reviled, but who are seldom seen as fully human.  Listeners may also be interested in this article by Tromblay and a report for The Doctors of

Today I talked to Carla Diana about her new book My Robot Gets Me: How Social Design Can Make New Products More Human (Harvard Business Review Press, 2021). Carla Diana is a robot designer responsible for the creative aspects of Diligent Robotics’ new hospital service robot named Moxi. She created and leads the 4D Design masters program at the Cranbrook Academy of Art, wrote the world’s first children’s book on 3D printing, LEO the Maker Prince, and she cohosts the Robopsych Podcast. The author is intrigued by where technology is headed—the “electronic guts” of high-tech offerings--at the same time that she never loses focus on what kind of gut reaction a user will have in interacting with a product. This episode therefore ranges from discussing modalities central to Diana’s work (sound, movement, and lighting) to addressing how important it is for designers and engineers alike to engage in “bodystorming” exercises that align everyone around what the user’s experience will be like. Delight and ease of use are

A Collective Pursuit: Teachers' Unions and Education Reform (Temple UP, 2020) focuses on the idea that individuals, in this case, teachers, are multifaceted and multidimensional actors who pursue goals for a variety of reasons and those reasons are connected to their capacity to do their jobs, to the best of their abilities, as well as their interests as citizens and community members. According to Lesley Lavery’s research, the data indicate that teachers are the most important in-school predictors of student success. This suggests that in thinking about educational structure and reform, the focus should always include the individual teacher in a classroom and their capacity to do their job well. Thus, Lavery’s analysis in A Collective Pursuit is both to understand the capacity and role of the individual teacher in the classroom and in the American educational system, and to understand the role that organized labor has played in working on behalf of teachers but within a changing educational landscape.  This

Every porn scene is a record of people at work. But on-camera labor is only the beginning of the story. Porn Work takes readers behind the scenes to explore what porn performers think of their work and how they intervene to hack it. Blending extensive fieldwork with feminist and antiwork theorizing, Porn Work: Sex, Labor, and Late Capitalism (UNC Press, 2021) details entrepreneurial labor on the boundaries between pleasure and tedium. Rejecting any notion that sex work is an aberration from straight work, it reveals porn workers' creative strategies as prophetic of a working landscape in crisis. In the end, it looks to what porn has to tell us about what's wrong with work, and what it might look like to build something better. Rachel Stuart is a sex work researcher whose primary interest is the lived experiences of sex workers. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In spite of Karl Marx's proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the government's and the people's visions for the maturing Communist project. A strong ruble--one that held real value in workers' hands and served as an effective labor incentive--was seen as essential to the economic growth that would rebuild society and realize Communism's promised future of abundance. In A Full-Value Ruble: The

Shai Reshef shares the remarkable story of the creation of the University of the People, which has grown from an initial small class of students in 2008 to over 55,000 low-income students all over the world today. Reshef founded University of the People after a successful career as an educational technology entrepreneur, setting out to leverage these technologies to launch the world’s first free US-accredited asynchronous online university with a goal of serving the 100 million+ talented young people who lack access to a quality education. The University of the People has been able to make remarkable progress toward this ambitious goal by adopting a peer learning model overseen by a huge volunteer faculty workforce. It offers undergraduate and Master’s degrees in the high-demand areas of Business, Nursing, and Computer Science; courses are free, but students who want college credit pay for the final proctored assessment, with the cost of a full degree about $4800 and scholarships to support those who can’t af

In The Path to Free College: In Pursuit of Access, Equity, and Prosperity (Harvard Education Press, 2021), Michelle Miller-Adams argues that tuition-free college, if pursued strategically and in alignment with other sectors, can be a powerful agent of change. She makes the case that broadly accessible and affordable higher education is in the public interest, yielding dividends not just for individuals but also for the communities, states, and nation in which they reside. Miller-Adams offers a comprehensive analysis of the College Promise movement--its history, impacts, and unintended consequences--and its relationship to access, affordability, and workforce readiness.  These factors are explored through data, analysis, and case studies of existing place-based scholarship programs. She also examines historical precursors of the free-college movement and evaluates the possibility of national action. The Path to Free College outlines how the design of free-college programs should relate to programmatic goals an

A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit (Princeton UP, 2021) provides a fresh account of US involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, Joanne Meyerowitz looks beyond familiar histories of development and explains why antipoverty programs increasingly focused on women as the deserving poor. When the United States joined the war on global poverty, economists, policymakers, and activists asked how to change a world in which millions lived in need. Moved to the left by socialists, social democrats, and religious humanists, they rejected the notion that economic growth would trickle down to the poor, and they proposed programs to redress inequities between and within nations.  In an emerging “women in development” movement, they positioned women as economic actors who could help lift families and nations out of destitution. In the more conservative 1980s, the war on glo

Why do people give to charity? In The Good Glow Charity and the Symbolic Power of Doing Good (Policy Press, 2020), Jon Dean, Associate Professor in Politics and Sociology at Sheffield Hallam University offers a new sociology of charity to explain how charities ask and the motivations of donors. The book situates charity in the context of the global and digital age, as well as thinking through the impact of controversies and political agendas on both charitable organisations, individuals, and society more generally. Rich with theoretical and case study detail, the book will be essential reading across the social sciences, as well as for anyone interested in understanding charity. Dave O'Brien is Chancellor's Fellow, Cultural and Creative Industries, at the University of Edinburgh's College of Art. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this episode, we are talking to ProPublica investigative journalist Justin Elliott. Justin has been with ProPublica since 2012 and writes about business and economics, as well as money and influence in politics. He has produced stories for the New York Times and NPR. His work on TurboTax maker Intuit – a story we are discussing today -- won a Gerald Loeb Award for business journalism. The story of how 70% of Americans are eligible to file their taxes for free, but no one can pull it off has many chapters. Read about it here, here, and here.  ProPublica is an independent, nonprofit newsroom that produces investigative journalism with “moral force.” Agata Popeda is a Polish-American journalist. Interested in everything, with a particular weakness for literature and foreign relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Freedom of choice lies at the heart of American society. Every day, individuals decide what to eat, which doctors to see, who to connect with online, and where to educate their children. Yet, many Americans don't realize that these choices are illusory at best. By the start of the 21st century, every major industrial sector in the global economy was controlled by no more than five transnational corporations, and in about a third of these sectors, a single company accounted for more than 40 percent of global sales. The available options in food, healthcare, education, transportation, and even online presence are largely constructed by corporations, whose sweeping influence have made them the public face and executive agents of 21st-century capitalism.  At What Cost: Modern Capitalism and the Future of Health (Oxford UP, 2021) confronts how globalization, financial speculation, monopolies, and control of science and technology have enhanced the ability of corporations and their allies to overwhelm influences of

How rural areas have become uneven proving grounds for the American Dream. Small-town economies that have traditionally been based on logging, mining, farming, and ranching now increasingly rely on tourism, second-home ownership, and retirement migration. In Dividing Paradise: Rural Inequality and the Diminishing American Dream (University of California Press, 2021), Jennifer Sherman tells the story of Paradise Valley, Washington, a rural community where amenity-driven economic growth has resulted in a new social landscape of inequality and privilege, with deep fault lines between old-timers and newcomers. In this complicated cultural reality, "class blindness" allows privileged newcomers to ignore or justify their impact on these towns, papering over the sentiments of anger, loss, and disempowerment of longtime locals. Based on in-depth interviews with individuals on both sides of the divide, this book explores the causes and repercussions of the stark inequity that has become commonplace across the United S

In this episode David describes his childhood contact with entrepreneurship, and how he was looking for and found community and acceptance in the video game world. We learn how he discovered and almost invented the profession of “community manager” and created the CMX community of community managers. We also hear about the problems that community managers face in making their communities sustainable, and discuss his book: The Business of Belonging: How to Make Community your Competitive Advantage (Wiley, 2021). We also learn about how CMX became part of Bevy and multiple other ups and downs in David’s life so far. 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 guest David Spinks launched his first online community at 14 years old for his favorite video game, Tony Hawk's Pro Skater 4. Today he's become a p

Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax.    Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the te

In his highly influential book, Demographics and the Demand for Higher Education, Carleton College Professor of Economics, Nathan Grawe, alerted college and university leaders to the challenges they would be facing with the accelerating decline in the number of U.S. high school graduates that will come in the middle of this decade. In his new book, The Agile College: How Institutions Successfully Navigate Demographic Changes (Johns Hopkins UP, 2021), he updates the demographic trends through the mid-2030s and describes the variety of strategies different institutions are adopting to respond to the decline in their traditional student population. He shares what led him to become an economist and the rigorous training he received at the University of Chicago. We have an engaging discussion of the implications of his work for both university leaders and policymakers as they debate reforms for funding college students. He also shares some insights from his new project looking at the publishing and career paths of

Today I talked to Amanda Ciafone's (University of Illinois, Urbana-Champaign) about her book Counter-Cola: A Multinational History of the Global Corporation (University of California Press, 2019). Counter-Cola charts the history of one of the world’s most influential and widely known corporations, The Coca-Cola Company. Over the past 130 years, the corporation has sought to make its products, brands, and business central to daily life in over 200 countries. Amanda Ciafone uses this example of global capitalism to reveal the pursuit of corporate power within the key economic transformations—liberal, developmentalist, neoliberal—of the twentieth and twenty-first centuries. Coca-Cola's success has not gone uncontested. People throughout the world have redeployed the corporation, its commodities, and brand images to challenge the injustices of daily life under capitalism. As Ciafone shows, assertions of national economic interests, critiques of cultural homogenization, fights for workers’ rights, movements for en