New Books in Economics

In Work Won’t Love You Back: How Devotion to Our Jobs Keeps Us Exploited, Exhausted, and Alone (Bold Type Books, 2021), Sarah Jaffe argues that modern culture encourages workers to see their jobs as a “labor of love.” This idea tells people that passion and dedication should motivate them more than pay or working conditions. Jaffe shows that this belief often allows employers to justify low wages, long hours, and poor treatment. Through stories of workers across many fields, such as teachers, domestic workers, nonprofit employees, artists, athletes, and tech workers, the book demonstrates how devotion to work is used to no...

In his new book, The Political Economy of Security (Princeton University Press, 2026), Stephen Brooks provides a systematic empirical and theoretical examination of how economic factors influence security affairs. Empirically, he analyzes how various economic variables affect interstate war, terrorism, and civil war; in total, sixteen pathways are examined.  Brooks shows that the relationship between economic factors and conflict is complex and multifaceted; discrete economic factors—such as international trade, economic development, and globalized manufacturing, to name a few—are sometimes helpful for promoting peace and stability, but at other times are detrimental. Brooks also develops a stronger theoreti...

In Company Towns: Industry Power and the Historical Foundations of Public Mistrust (University of Chicago Press, 2026), Dr. Elizabeth Mitchell Elder examines the long-lasting political legacies of mining-company dominance in the Midwest and Appalachia. While the economic consequences of deindustrialization are well-known, Dr. Elder shifts the focus to a more insidious problem: the political dysfunction that took root long before the mines shut down. Drawing on historical and administrative data, Dr. Elder shows that the coal industry hindered the growth of local government capacity in the places where it was dominant. Mining companies also engaged in outright corruption to...

We all understand that knowledge shapes the fate of business and the growth of nations, but few of us are aware of the principles that govern its motion. The Infinite Alphabet: And the Laws of Knowledge (Allen Lane, 2026) unravels the laws describing the growth and diffusion of knowledge by taking you from a failed attempt to build a city of knowledge in Ecuador to the growth of China's innovation economy. Through dozens of stories, you will learn why aircraft manufacturers in Italy began manufacturing scooters after the Second World War and how migrants like Samuel Slater shaped the industrial fabr...

Today I’m speaking with economist Bryan Caplan about education and bullshit, with a particular focus on his book, The Case Against Education: Why the Education System Is a Waste of Time and Money (Princeton University Press, 2018). In our modern economy, possessing a college degree feels like a necessity for professional advancement. The age of good jobs for college dropouts is largely gone as more people spend more time in the classroom, writing papers, taking tests, and, of course, goofing off. On the one hand, policymakers celebrate the additional degrees attained by more people. Surely a more educ...

Are jobs fair? In The Accidental Equalizer: How Luck Determines Pay after College (U Chicago Press, 2023), Jessi Streib, an associate Professor of Sociology at Duke University, uncovers the remarkable story of the way luck shapes the hiring process for a key strata of business jobs in America. Offering a thesis that is initially counterintuitive but clearly argued, empirically grounded, and ultimately compelling, the book introduces the idea of ‘luckocracy’. ‘Luckocracy’ underpins the functioning of important parts of the graduate labour market, and equalises what would otherwise be significant class differences between college graduates. Rich with details, as well as offering a bro...

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power.Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Democracy (Bloomsbury, 2023) by Claire Provost & Matt Kennard is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how...

Making War Safe for Capitalism: The World Bank, IMF, and the Conflict in Ukraine (Bristol UP, 2025) by Dr. Elliot Dolan-Evans examines the impact of World Bank and International Monetary Fund (IMF) economic restructuring programmes during active conflicts. Using a critical political economy perspective, the book explores how these restructuring efforts affect vulnerable communities’ survival amid violence. Chapters provide a detailed case study of Ukraine during the War in Donbas, analysing the controversial reforms in agriculture, gas and pension sectors. The resulting analysis offers valuable insights into how these reforms have influenced Ukraine’s political economy and the survi...

In Money and Promises: Seven Deals That Changed the World, the distinguished banker, executive, and historian Paolo Zannoni examines the complex relationship between states and banks that has changed the world. Drawing on in-depth archival research, he explores seven case studies: the republic of Pisa, seventeenth-century Venice, the early years of the Bank of England, imperial Spain, the Kingdom of Naples, the nascent United States during the American Revolution, and Bolshevik Russia in 1917 through 1923. Zannoni also tells the story of how the Continental Congress established the first public bank in North America, exploring the roles of Thomas Jefferson, Benjamin Franklin...

In this episode, Joe Williams speaks with Andrew White about how the digital economy is reshaping inequality, work, and the social contract. Drawing on the themes of his book Inequality in the Digital Economy: The Case for a Universal Basic Income (Palgrave Macmillan, 2024), our conversation explores why technological progress has not translated into shared prosperity, how structural features of digital markets concentrate power and wealth, and what this means for the future of work and social policy. We discuss universal basic income as part of a broader attempt to rethink how societies provide security and dignity in an era of aut...

In The Making of Modern Corporate Finance: A History of the Ideas and How They Help Build the Wealth of Nations (Columbia Business School Publishing, 2025) Donald Chew profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries. He deals with such questions as: Why did the stagflation of the 1970s prove so painful and protracted? What explains the U.S. stock market’s forty-year run of 12 percent average annual returns? Why is Japan still mired in a decades-long recession? What accounts for the resilience of U.S. stock markets in the...

The Highest Exam: How the Gaokao Shapes China (Harvard UP, 2025), provides a detailed, research-driven survey of the gaokao, China's high-stakes college entrance exam. Authors Ruixue Jia and Hongbin Li--past test-takers themselves--show how the exam system shapes schooling, serves state interests, inspires individualistic attitudes, and has lately become a touchstone in US education debates.   Ruixue Jia is a professor of economics at the School of Global Policy and Strategy at UC San Diego. She also serves as co-director of the China Data Lab, executive secretary of the Association of Comparative Economic Studies (ACES) and co-chair of the China Econo...

China's approach to digital governance has gained global influence, often evoking Orwellian 'Big Brother' comparisons. Governing Digital China (Cambridge UP, 2025) challenges this perception, arguing that China's approach is radically different in practice. This book explores the logic of popular corporatism, highlighting the bottom-up influences of China's largest platform firms and its citizens. Drawing on extensive fieldwork and nationally representative surveys, the authors track governance of social media and commercial social credit ratings during both the Hu Jintao and Xi Jinping eras. Their findings reveal how Chinese tech companies such as Tencent, Sina, Baidu, and Alibaba, have become consultants and inside...

Untangling the Political Roots of Immigration and Inequality in the United States (Routledge, 2026) examines the causes, consequences, and politics of mass migration and growing inequality by investigating the case of the United States – the quintessential immigrant nation. While scholars, policy makers, and advocates have put forth a variety of explanations, many misdiagnose the causes and put forward remedies that treat symptoms. This book looks to the root causes of mass migration and intensifying inequality, arguing that they are two sides of the same coin resulting from rapacious forms of capitalist accumulation and imperialist interventionism. Developing a broadly left analytic framew...

Drawing on decades of experience covering the global economy, New York Times' journalist Peter S. Goodman profiles five representative Davos Men-members of the billionaire class-chronicling how their shocking exploitation of the global pandemic has hastened a fifty-year trend of wealth centralization. Alongside this reporting, Goodman delivers textured portraits of those caught in Davos Man's wake, including a former steelworker in the American Midwest, a Bangladeshi migrant in Qatar, a Seattle doctor on the front lines of the fight against COVID, blue-collar workers in the tenements of Buenos Aires, an African immigrant in Sweden, a textile manufacturer in Italy, an A...

Parents are exhausted. When did raising children become such all-consuming, never-ending, incredibly expensive, and emotionally absorbing effort? In this eye-opening book, Nina Bandelj explains how we got to this point--how we turned children into financial and emotional investments and child-rearing into laborious work. At the turn of the twentieth century, children went from being economically useful, often working to support families, to being seen by their parents as vulnerable and emotionally priceless. In the new millennium, however, parents have become overinvested in the emotional economy of parenting. Analyzing in-depth interviews with parents, national financial datasets, and decades o...

In her new book, Politicizing Business: How Firms Are Made to Serve the Party-State in China (Cambridge, 2025), Ning Leng shows how Chinese officials systematically treat formally private firms as political instruments, extracting services that advance careers and maintain social control—often at the expense of business interests, economic efficiency and sustainable development. Ning Leng is an Assistant Professor at the McCourt School of Public Policy at Georgetown University. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco and is the Director of USF's Master's Program in International and Development Economics. L...

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's ex...

In The City's Defense: The Bank of England and the Remaking of Economic Governance, 1914-1939, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War Responding to mass unemployment and volatile exchange rates, the Bank expanded its reach into areas outside the traditional scope of central banking, including industrial policy and foreign affairs. It designed a system of economic governance that reinforced the preeminence...

Walter Benjamin was a German-Jewish intellectual and philosopher associated with the Frankfurt School, who tragically died at 48 years old in 1940 as he fled the advance of the Third Reich on the French-Spanish border. Most writers and critics see Benjamin’s work as fragmented, disjointed, esoteric and dispersed, with no clear narrative or cohesive philosophy. Duy Lap Nguyen, Associate Professor in World Cultures and Literatures at the University of Houston, paints a different picture of Benjamin’s work. In Nguyen’s revealing, latest book, Walter Benjmain and the Critique of Political Economy: A New Historical Materialism (Bloomsbury, 2024), he navigates through Benjamin’s...