New Books In Economics

Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity

The emergence of individual and commercial insurance in Early Modern Europe required an understanding of probability. In Probable Justice: Rethinking the Politics of Risk (U Chicago Press, 2020), Rachel Friedman highlights the political thinking that developed side by side with the advances in statistical methods. By the 20th century, small scale, group insurance had become national programs with profound political implications. Friedman's work traces how what she calls probabilistic social insurance played a key role in the emergence of the modern welfare state. And we discuss where we go from here, post-pandemic, when all insurances systems have been put to the test. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show b

Renato describes his accidental journey into entrepreneurship, the many mistakes and near disasters on his road to business success. We learn about the importance of being the guy who says “Yes”, and then figuring out how to to get things done. Anyone listening can learn from his journey, the importance of finding opportunities in setbacks, and being able to create the right impression. About our guest Renato Beninatto is recognized as an expert in the translation, localization, interpretation, and language services industry. Renato has served on the executive teams for some of the localization industry’s most prominent companies and founded two market research and consulting companies in the language services space. Renato is the author of three books on global business and founded Nimdzi to provide insights to investors, analysts, buyers and suppliers of Language Services. Nimdzi’s website https://www.nimdzi.com Renato’s Linkedin https://www.linkedin.com/in/renatob The NBN Entrepreneurship and Leadership po

Economist, data journalist, and best-selling author Seth Stephens-Davidowitz uses data from the internet to gain new insights into the human psyche. In his new book Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are (HarperCollins, 2017), Seth has used Google searches to measure racism, self-induced abortion, depression, child abuse, hateful mobs, the science of humor, sexual preference, anxiety, son preference, and sexual insecurity, among many other topics. In this interview he explains how web searches are a kind of digital truth serum that reveals our hidden desires, insecurities and biases. He also explores other ways economists have used the explosion of new data created by the digitization of the economy to shed new light on old questions. Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he created and leads a new digital economy-focused Master's program in Applied Economics. Learn more about yo

How did Indonesia’s labour movement go from being small and divided at the demise of the New Order regime in 1998 to play lead parts in politics some two decades later? What lessons have labour organizers learned along the way? And what lessons can we draw from Indonesia relevant to industrial organizing elsewhere? Informed by over a decade of multi-method research in selected sites across the west of the archipelago, Teri Caraway and Michele Ford address these and other questions in their Labor and Politics in Indonesia (Cambridge University Press, 2020), our featured title for this episode of New Books in Southeast Asian Studies. Tracking how labour unions found resources and identified opportunity structures by sequentially coupling contentious street politics with strategic targeting of executive offices and legislative contests, Caraway and Ford show that Indonesian unions and their allies have succeeded not only in greatly elevating wages and improving workplace conditions but also have built an identif

Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book:  Presents practical ways America can and should tackle economic inequality with fast-acting results;  Provides revealing examples of exactly how b

Mungo Keulemans talks about growing up in South Africa, working in the family business, his army experiences, his move to Europe, Japan and back to Europe. We hear about his entrepreneurial journey in the family business in Poland, and after its sale to one of the world’s leading companies, his time in the larger corporation and his return to entrepreneurial life leading to his investment and CEO role at PMR. 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 Mungo Keulemans is the CEO of PMR - the leading market research provider, industry event organiser and dedicated market research consultancy for the Construction/Pharma/Retail/ICT markets in Poland and Central Europe. Previously an entrepreneur, Innovator, business development, product manager, marketing manager, sales manager, business development

Today I talked to Pedro Gustavo Teixeira about his new book The Legal History of the European Banking Union: How European Law Led to the Supranational Integration of the Single Financial Market (Hart, 2020) Since 1950, the political and economic integration of Europe has tended to accelerate through functional mini-unions: coal and steel, nuclear power, and – in the wake of the coronavirus pandemic - it could well be healthcare next. The most recent of these mini-federations is the European Banking Union; born out of necessity at the height of the sovereign-debt crisis in 2012-13 but, as this new history emphasises, built on foundations laid in the 1970s. Within three years of its political green light, the EBU's core agencies - the Single Supervisory Mechanism (SSM) under the authority of the European Central Bank and the Single Resolution Mechanism - were in place yet, while huge changes have taken place, critical business has been left unfinished. "A regime geared towards ever more integration with distrib

Today I talked to Adam Bryant about his new book (co-authored with Kevin Sharer), The CEO Test: Master the Challenges That Make or Break All Leaders (Harvard Business Press, 2021). Adam Bryant is managing director of Merryck & Co, a leadership development and mentoring firm. Before then, Adam was a journalist for 30 years, including at the New York Times where he authored the “Corner Office” column. He’s a speaker, teacher, and frequent contributor on CNBC. This episode is rooted in the seven parts of what a good CEO needs to master, from a simplified game plan that rank-and-file employees can follow to not trying to artificially resolve the various paradoxes intrinsic to being a leader, such as Creating Freedom and Structure and to Be Compassionate and Demanding. Along the way, the conversation delved into creating a company culture where there’s no daylight between what leaders say and do when it comes to values that define the organization. Also of note, why do so many leaders find it hard to coach the peo

“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australi

What is the history of caste in a city? Indian modernizers assumed that the various processes of modernity, including industrial capitalism, would attenuate caste and create the possibility of new social relationships, including class solidarity. Instead, capitalism relied on caste to recruit and discipline labor, and the colonial and postcolonial governments deployed it for housing, city planning, and provisions for social welfare. On its part, caste adapted to housing, urban planning, and even land tenures. Even the purported antitheses of capitalism — Marxism and Communism — could not annihilate caste. As a result, caste became robust even as it was shrouded beneath the veneer of modern urban life. Outcaste Bombay (University of Washington Press, 2021) examines the interplay of caste and class in twentieth century Bombay. It studies processes that are transnational — capitalism, Marxism, urban planning, literature — and the ways in which they became relevant to life in the city. It focuses on urban outcast

In this episode Florian Feas describes his route into setting up Slator: to solve problems he became aware of, as a result of working in the translation industry in senior positions. He outlines the importance of having a co-founder with complementary skills and how SaaS business tools enabled him to scale his business fast and cost effectively We draw out lessons that any entrepreneur can benefit from hearing. Florian Faes is the Managing Director of Slator, a business media and advisory firm for the global language industry he co-founded in 2015. Prior to Slator, Florian spent nearly a decade in Asia, heading regional operations for a Swiss headquartered language service provider. Florian is the co-host of the SlatorPod podcast and publisher of LocJobs.com, a job board for the translation and localization industry. Florian likes to spend time on Switzerland's slopes and mountain trails. The NBN Entrepreneurship and Leadership podcast aims to educate and inform, sharing insights based on the personal story o

Are we in the midst of a financial bubble? Do the current valuations of the electronic vehicle stocks or their SPACs make you raise an eyebrow? The trouble with bubbles is that they are hard to spot from within, and much easier to define and analyze after the fact.  In their new book, Boom and Bust: A Global History of Financial Bubbles (Cambridge University Press, 2020), William Quinn and John D. Turner analyze past instances of extreme speculation to come up with a typology of the phenomenon. Using what they call the Bubble Triangle of Marketability, Easy Money, and overt Speculation, they have created a tool for financial economists, and the rest of us, to judge what makes a bubble and what makes it pop. Given the unusual nature of the capital markets at the present time, you will want to be familiar with their analysis as you view your own investments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His H

The middle decades of the 19th century witnessed the expansion of slavery and white settlement and dispossession of Indigenous lands west of the Mississippi River, the abolition of slavery in the British Empire followed by the importation of indentured laborers from India and China into the West Indies, the consolidation of British rule in India followed by the so-called Indian Mutiny, and the expansion of settler colonialism in Australia. These processes were all tied together by commerce, empire, and the spread of racial ideologies, yet their histories have largely been written separately. Until now. Zach Sell’s new book Trouble of the World: Slavery and Empire in the Age of Capital (University of North Carolina Press, 2021) highlights the connections between the “second slavery” in the Deep South of the United States, efforts to socially engineer mono-crop agriculture in India by a British colonial state that lip service to laissez-faire and free labor even as it tried to import plantation management techn

How do we make sense of the “durability and gigantic scale” of China’s economic expansion alongside the reports of “rising” and “explosive” corruption? How has China moved from an “impoverished communist regime to a capitalist superpower rivaling the United States” despite a crisis of corruption that its own leadership describes as “gave” and “shocking”? Dr. Yuen Yuen Ang’s her new book China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption (Cambridge University Press, 2020) argues corruption comes in different forms and she “unbundles” different types of corruption to explain not only why China can boom but why political scientists need to “fundamentally revise our believes about the relationship between corruption and capitalism.” The book demystifies the Chinese paradox of growth with corruption by unbundling the four types of corruption and placing China in comparative-historical perspective. China is an outlier but not in the ways that most analysts assume. The closest parallel is the Unite

In this episode we talk to Ashutosh about his upbringing and journey into corporate life, and the lessons that taught him. His route into entrepreneurship to build the “Boots of India”,which grew to be India’s largest retail pharmacy chain, and his life post-exit as an author and podcaster. 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. This episode can be viewed on Youtube here. About our guest Ashutosh hosts the very successful video and podcast series titled “The Brand Called You – Converse with the Future” (www.tbcy.in) bringing the stories of successful entrepreneurs, professionals and senior corporate leaders to thousands of listeners. He is a certified Business Coach and coaches / mentors several CEOs in India on business matters, governance, strategic planning, succession planning, personal accountability,

For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defense Industry. These ‘agents of inequality’ are paid millions to hide trillions for the richest 0.01%. In The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions (Polity, 2021), inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how this industry is doing everything it can to create and entrench hereditary dynasties of wealth and power. He exposes the inner workings of these “agents of inequality”, showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world’s richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defense Industry for good. This shocking exposé of the insidious machinery of inequality is essential reading for anyone

Veronique Ozkaya shares her teenage experience working in the family business, why she wanted to get away from her hometown, her brief career as a diplomat, and rapid rise to a leading position in the translation industry. Veronique shares her insights into gender diversity (or its absence) in the industry, and her approach to leadership. The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on the personal stories of our carefully selected guests in the atmosphere of an informal conversation in a bar or over a cup of coffee. About our guest Veronique is a seasoned international leader with experience building and strengthening the sales and marketing functions for organizations with high growth ambitions. Extensive experience in Localization – helping industry leaders grow market share in international markets with services such as translation, internationalization, software development, engineering, and testing. Fluent in French, English, Turkish, and function

Today I talked to David G. White, Jr. about his book Disrupting Corporate Culture: How Cognitive Science Alters Accepted Beliefs About Culture and Culture Change and Its Impact on Leaders and Change Agents (Routledge, 2021). David G. White, Jr. is a cognitive anthropologist working with organizations on culture, change, and leadership issues. He’s the co-founder of Ontos Global, a boutique consulting firm. David previously held leadership roles at Microsoft, Mercer, and IBM, and he is also a professional jazz musician with 7 CDs to his credit. This episode challenges myths that hinder true culture change at companies, such as Culture Starts at the Top and Culture Is What We Say We Care About. Instead, David argues that new neural pathways form in the brain based on tangible, physical practices that change. So leaders spouting off about “shared values” (talking the talk) won’t be nearly as productive as investigating a company’s dominant logic and how that may serve or hinter the company’s prospects. In other

Tessa explains why Olio’s mission of cutting unnecessary food waste is so important, and how her own distress at food waste led to the breakthrough insight that there had to be a better way of dealing with unwanted food. She shares her personal journey, and sets out the exciting road map ahead for Olio. Tessa Clarke is the Co Founder & CEO of Olio Linkedin Olio is a free app that connects users with unwanted food (households or local businesses) with neighbours living nearby who would like it. OLIO has over 2.5 million users who have together shared 7 million portions of food. 50,000 volunteers who are spreading the word in their local communities. Download the App and more information here https://olioex.com Twitter https://twitter.com/olio_ex Facebook https://www.facebook.com/olioapp/ Instagram https://www.instagram.com/olio.app/ Linked https://www.linkedin.com/company/olio-the-food-sharing-revolution The NBN Entrepreneurship and Leadership podcast aims to educate and entertain, sharing insights based on th