New Books in Economics

Interviews with Economists about their New Books

  • 38 minutes 36 seconds
    Amy Schiller, "The Price of Humanity: How Philanthropy Went Wrong—And How to Fix It" (Melville House, 2023)

    Amy Schiller's The Price of Humanity: How Philanthropy Went Wrong—And How to Fix It (Melville House, 2023) makes an attempt to rescue philanthropy from its progressive decline into vanity projects that drive wealth inequality, so that it may support human flourishing as originally intended. The word “philanthropy” today makes people think big money—Bill and Melinda Gates, Warren Buffet, and Andrew Carnegie come to mind. The scope of suffering in the world seems to demand an industry of giving, and yet for all the billions that are dispensed, the wealthy never seem to lose any of their money and nothing seems to change. 

    Journalist, academic and consultant Schiller shows how we get out of this stalemate by evaluating the history of philanthropy from the ideas of St. Augustine to the work of Lebron James. She argues philanthropy’s contemporary tendency to maintain obscene inequality and reduce every cause to dehumanizing technocratic terms is unacceptable, while maintaining an optimism about the soul and potential of philanthropy in principle. For philanthropy to get back to its literal roots—the love of humanity—Schiller argues that philanthropy can no longer be premised around basic survival. Public institutions must assume that burden so that philanthropy can shift its focus to initiatives that allow us to flourish into happier, more fulfilled human beings. Philanthropy has to get out of the business of saving lives if we are to save humanity.

    Amy Schiller is a postdoctoral fellow at Dartmouth College in the Society of Fellows. TwitterWebsite.

    Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. TwitterWebsite. Anna Dyjach is a senior at Deerfield.  

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    13 May 2024, 8:00 am
  • 37 minutes 22 seconds
    Kevin Woodson, "The Black Ceiling: How Race Still Matters in the Elite Workplace" (U Chicago Press, 2023)

    America's elite law firms, investment banks, and management consulting firms are known for grueling hours, low odds of promotion, and personnel practices that push out any employees who don't advance. While most people who begin their careers in these institutions leave within several years, work there is especially difficult for Black professionals, who exit more quickly and receive far fewer promotions than their White counterparts, hitting a "Black ceiling."

    Sociologist and law professor Kevin Woodson knows firsthand what life at a top law firm feels like as a Black man. Examining the experiences of more than one hundred Black professionals at prestigious firms, Woodson discovers that their biggest obstacle in the workplace isn't explicit bias but racial discomfort, or the unease Black employees feel in workplaces that are steeped in Whiteness. He identifies two types of racial discomfort: social alienation, the isolation stemming from the cultural exclusion Black professionals experience in White spaces, and stigma anxiety, the trepidation they feel over the risk of discriminatory treatment. While racial discomfort is caused by America's segregated social structures, it can exist even in the absence of racial discrimination, which highlights the inadequacy of the unconscious bias training now prevalent in corporate workplaces. Firms must do more than prevent discrimination, Woodson explains, outlining the steps that firms and Black professionals can take to ease racial discomfort.

    Offering a new perspective on a pressing social issue, The Black Ceiling: How Race Still Matters in the Elite Workplace (U Chicago Press, 2023) is a vital resource for leaders at preeminent firms, Black professionals and students, managers within mostly White organizations, and anyone committed to cultivating diverse workplaces.

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    13 May 2024, 8:00 am
  • 1 hour 1 minute
    Kate Maclean, "Cash, Clothes, and Construction: Rethinking Value in Bolivia's Pluri-economy" (U Minnesota Press, 2023)

    How do alternative economic ideas and practices develop? In Cash, Clothes, and Construction: Rethinking Value in Bolivia’s Pluri-economy (U Minnesota Press, 2023),  Kate Maclean, an Associate Professor at the Institute for Global Prosperity, University College London, considers the Pluri-economy of Bolivia to rethink ideas about gender, politics, development and the state. The book uses three core case studies, money, clothing, and construction, to explore how economic alternatives have emerged in Bolivia since the 2005 election of Evo Morales and the Movement for Socialism (MAS). The book offers a feminist critique of both the expectations of neoliberal economics, and MAS’s alternatives, drawing on the perspectives and insights of indigenous women in Bolivia. Drawing on a deep engagement with place, as well as a rich theoretical and empirical contribution, the book will be essential reading across social science and humanities, as well as for anyone interested in alternatives to our current economic settlement.

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    11 May 2024, 8:00 am
  • 1 hour 3 minutes
    Alissa Quart, "Bootstrapped: Liberating Ourselves from the American Dream" (Ecco Press, 2023)

    The promise that you can "pull yourself up by your bootstraps" is central to the story of the American Dream. It's the belief that if you work hard and rely on your own resources, you will eventually succeed. However, time and again we have seen how this foundational myth, with its emphasis on individual determination, brittle self-sufficiency, and personal accomplishment, does not help us. Instead, as income inequality rises around us, we are left with shame and self-blame for our condition.

    Alissa Quart argues that at the heart of our suffering is a do-it-yourself ethos, the misplaced belief in our own independence and the conviction that we must rely on ourselves alone. Looking at a range of delusions and half solutions--from "grit" to the false Horatio Alger story to the rise of GoFundMe--Quart reveals how we have been steered away from robust social programs that would address the root causes of our problems. Meanwhile, the responsibility for survival has been shifted onto the backs of ordinary people, burdening generations with debt instead of providing the social safety net we so desperately need.

    Insightful, sharply argued, and characterized by Quart's lively writing and deep reporting, and for fans of Evicted and Nickel and Dimed, Bootstrapped: Liberating Ourselves from the American Dream (Ecco Press, 2023) is a powerful examination of what ails us at a societal level and a plan for how we can free ourselves from these self-defeating narratives


    Acclaimed journalist Alissa Quart is a contributor to The Washington Post and New York Times and the author of several nonfiction works including Branded: The Buying and Selling of Teenagers and Squeezed: Why our Families Can’t Afford America, as well as works of poetry like Thoughts and Prayers. Alissa Quart is the executive director of the Economic Hardship Reporting Project and the editor with David Wallis of Going for Broke: Living on the Edge in the world’s richest country which we discussed on this podcast in February.

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    11 May 2024, 8:00 am
  • 1 hour 25 minutes
    Alyxandra Vesey, "Extending Play: The Feminization of Collaborative Music Merchandise in the Early Twenty-First Century" (Oxford UP, 2023)

    Despite the hypervisibility of a constellation of female pop stars, the music business is structured around gender inequality. As a result, women in the music industry often seize on self-branding opportunities in fashion, cosmetics, food, and technology for the purposes of professional longevity. Extending Play: The Feminization of Collaborative Music Merchandise in the Early Twenty-First Century (Oxford UP, 2023) examines the ubiquity of brand partnerships in the contemporary music industry through the lens of feminized labor, to demonstrate how female artists use them as a resource for artistic expression and to articulate forms of popular feminism through self-commodification. In this book, author Alyxandra Vesey examines this type of promotional work and examines its proliferation in the early 21st century.

    Though brand partnerships exist across all media industries, they are a distinct phenomenon for the music business because of their associations with fan club merchandise, concert merchandise, and lifestyle branding, often foregrounding women's participation in shaping these economies through fan labor and image management. Through textual and discourse analysis of artists' songs, music videos, interviews, social media usage, promotional campaigns, marketing strategies, and business decisions, Extending Play investigates how female musicians co-create branded feminine-coded products like perfume, clothes, makeup, and cookbooks and masculine-coded products like music equipment as resources to work through their own ideas about gender and femininity as workers in industries that often use sexism and ageism to diminish women's creative authority and diminish the value of the recording in order to incentivize musicians to internalize the demands of industrial convergence.

    By merging star studies, popular music studies, and media industry studies, Extending Play proposes an integrated methodology for approaching contemporary cultural history that demonstrates how female-identified musicians have operated as both a hub for industrial convergence and as music industry professionals who use their extramusical skills to reassert their creative acumen.

    Alyxandra Vesey is Assistant Professor in Journalism and Creative Media at the University of Alabama. Her research focuses on the gendered dynamics of creative labor in the music industries. Her work has appeared in Journal of Cinema and Media Studies, Feminist Media Studies, Television and New Media, Journal of Popular Music Studies, Camera Obscura, Velvet Light Trap, and Emergent Feminisms: Complicating a Postfeminist Media Culture. Alyxandra on Twitter.

    Bradley Morgan is a media arts professional in Chicago and author of U2's The Joshua Tree: Planting Roots in Mythic America. He manages partnerships on behalf of CHIRP Radio 107.1 FM, serves as a co-chair of the associate board at the Gene Siskel Film Center of the School of the Art Institute of Chicago, and volunteers in the music archive at the Old Town School of Folk Music. Bradley Morgan on Twitter.

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    11 May 2024, 8:00 am
  • 39 minutes 38 seconds
    Tiziano Bonini and Emiliano Trere, "Algorithms of Resistance: The Everyday Fight against Platform Power" (MIT Press, 2024)

    What are the tactics needed for a world of platforms and algorithms? In Algorithms of Resistance: The Everyday Fight against Platform Power (MIT Press, 2024), Tiziano BoniniAssociate Professor in Sociology of Culture and Communication at the University of Siena, and Emiliano Treré, a Reader in Data Agency and Media Ecologies at Cardiff University, examine the impact of platforms and algorithms on people, communities, and global social life. The book explores these issues using three case studies of gig work, culture, and politics. At its heart, the book demonstrates the potential for transforming the seeming total control of platforms and algorithms through the tactics and strategies of workers, artists, and social movements. The book is essential reading across humanities, social sciences, and computing, as well as for anyone interested in contemporary digital life. The book is available open access here.

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    10 May 2024, 8:00 am
  • 1 hour 2 minutes
    Francesca Trivellato, "The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of European Commercial Society" (Princeton UP, 2019)

    In 1647, the French author Étienne Cleirac asserted in his book Les us, et coustumes de la mer that the credit instruments known as bills of exchange had been invented by Jews. In The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of European Commercial Society (Princeton University Press, 2019), Francesca Trivellato draws upon the economic, cultural, intellectual, and business history of the period to trace the origin of this myth and what its usage in early modern Europe reveals about contemporary views of both commerce and Judaism. Trivellato begins by explaining the development of bills of exchange in the Middle Ages as a means of transferring funds across long distances, ones which helped the expansion of international trade. Though used by both Christians and Jews, concerns about crypto-Judaism among converted Christians in the town of Bordeaux where Cleirac lived may have been key to his belief in their association with the bills. From Cheirac’s book the myth then spread throughout much of western and central Europe during the 18th and 19th centuries, where it was used both to support anti-Semitic views and as examples by philo-Semitic writers such as Montesquieu of the superior commercial ability of Jews.

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    5 May 2024, 8:00 am
  • 1 hour 3 minutes
    Céline Bessière and Sibylle Gollac, "The Gender of Capital: How Families Perpetuate Wealth Inequality" (Harvard UP, 2023)

    In many countries, property law grants equal rights to men and women. Why, then, do women still accumulate less wealth than men? Combining quantitative, ethnographic, and archival research, The Gender of Capital: How Families Perpetuate Wealth Inequality (Harvard UP, 2023) explains how and why, in every class of society, women are economically disadvantaged with respect to their husbands, fathers, and brothers. The reasons lie with the unfair economic arrangements that play out in divorce proceedings, estate planning, and other crucial situations where law and family life intersect.

    Céline Bessière and Sibylle Gollac argue that, whatever the law intends, too many outcomes are imprinted with unthought sexism. In private decisions, old habits die hard: families continue to allocate resources disproportionately to benefit boys and men. Meanwhile, the legal profession remains in thrall to assumptions that reinforce gender inequality. Bessière and Gollac marshal a range of economic data documenting these biases. They also examine scores of family histories and interview family members, lawyers, and notaries to identify the accounting tricks that tip the scales in favor of men.

    Women across the class spectrum—from poor single mothers to MacKenzie Scott, ex-wife of Amazon billionaire Jeff Bezos—can face systematic economic disadvantages in divorce cases. The same is true in matters of inheritance and succession in family-owned businesses. Moreover, these disadvantages perpetuate broader social disparities beyond gender inequality. As Bessière and Gollac make clear, the appropriation of capital by men has helped to secure the rigid hierarchies of contemporary class society itself.

    Céline Bessière is Professor of Sociology at the University of Paris-Dauphine.

    Sibylle Gollac is a researcher in sociology at the National Centre for Scientific Research. 

    Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channelTwitter.

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    3 May 2024, 8:00 am
  • 47 minutes 47 seconds
    John J. Berger, "Solving the Climate Crisis: Frontline Reports from the Race to Save the Earth" (Seven Stories Press, 2023)

    Solving the Climate Crisis: Frontline Reports from the Race to Save the Earth (Seven Stories Press, 2023) is a hopeful and critical resource that makes a convincing and detailed case that there is a path forward to save our environment. Illustrating the power of committed individuals and the necessity for collaborative government and private-sector climate action, the book focuses on three essential areas:

    • The technological dimension move to 100% clean renewable energy as fast as we possibly can through innovations like clean-steel, "green" cement, and carbon-reuse companies;
    • The ecological dimension enhance and protect natural ecosystems, forests, and agricultural lands to safely store greenhouse gases and restore soils, transforming how we grow, process, and consume food;
    • The social dimension update and create new laws, policies and economic measures to recenter human values and reduce environmental and social injustice.


    Based on more than 6 years of research, Berger traveled the nation and abroad to interview governors, mayors, ranchers, scientists, engineers, business leaders, energy experts, and financiers as well as carbon farmers, solar and wind innovators, forest protectors, non-profit leaders, and activists.

    With real world examples, an explanation of cutting-edge technologies in solar and wind, and political organizing tactics, Solving the Climate Crisis provides a practical road map for how we effectively combat climate change. Replacing the fossil-fuel system with a newly invigorated, modernized, clean-energy economy will produce tens of millions of new jobs and save trillions of dollars. Protecting the climate is thus potentially the greatest economic opportunity of our time.

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    3 May 2024, 8:00 am
  • 40 minutes 40 seconds
    Allison Schrager, "An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk" (Portfolio, 2019)

    Whether you are a commuter weighing options of taking the bus vs walking to get you to work on time or a military general leading troops into war, risk is something we deal with every day. Even the most cautious of us can’t opt out—the question is always which risks to take to maximize our results. But how do we know which path is correct? Enter Allison Schrager. Schrager is not a typical economist. Like others, she has spent her career assessing risk, but instead of crunching numbers or sitting at a desk, she chose to venture out. Now, she travels to unexpected places to uncover how financial principles can be used to navigate hazards and prevent danger. In her new book An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk (Portfolio, 2019), Schrager puts together a five-pronged approach for understanding and assessing risk. First, she helps define what risk and reward mean for individuals. Then, taking into account irrationality and uncertainty, Schrager helps readers master their domains and ultimately get the biggest bang for what she calls the “risk buck.” While there are certain factors that cannot be predicted, An Economist Walks Into A Brothelmarries financial economics with real life examples to provide a road map, offer concrete advice, and maximize payoff.

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    30 April 2024, 9:00 am
  • 46 minutes 24 seconds
    Adia Harvey Wingfield, "Gray Areas: How the Way We Work Perpetuates Racism and What We Can Do to Fix It" (Amistad Press, 2023)

    Labor and race have shared a complex, interconnected history in America. For decades, key aspects of work—from getting a job to workplace norms to advancement and mobility—ignored and failed Black people. While explicit discrimination no longer occurs, and organizations make internal and public pledges to honor and achieve “diversity,” inequities persist through what Dr. Adia Harvey Wingfield calls the “gray areas:” the relationships, networks, and cultural dynamics integral to companies that are now more important than ever. The reality is that Black employees are less likely to be hired, stall out at middle levels, and rarely progress to senior leadership positions.

    Dr. Wingfield has spent a decade examining inequality in the workplace, interviewing over two hundred Black subjects across professions about their work lives. In Gray Areas: How the Way We Work Perpetuates Racism and What We Can Do to Fix It (Amistad Press, 2023), she introduces seven of them: Alex, a worker in the gig economy Max, an emergency medicine doctor; Constance, a chemical engineer; Brian, a filmmaker; Amalia, a journalist; Darren, a corporate vice president; and Kevin, who works for a nonprofit.

    In this accessible and important antiracist work, Dr. Wingfield chronicles their experiences and blends them with history and surprising data that starkly show how old models of work are outdated and detrimental. She demonstrates the scope and breadth of gray areas and offers key insights and suggestions for how they can be fixed, including shifting hiring practices to include Black workers; rethinking organizational cultures to centralize Black employees’ experience; and establishing pathways that move capable Black candidates into leadership roles. These reforms would create workplaces that reflect America’s increasingly diverse population—professionals whose needs organizations today are ill-prepared to meet.

    It’s time to prepare for a truly equitable, multiracial future and move our culture forward. To do so, we must address the gray areas in our workspaces today. This definitive work shows us how.


    This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars.

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    30 April 2024, 8:00 am
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