Recommending Books for Purchase (Bulletin 183 - January 2022): Home

Recommending Books for Purchase : (Bulletin 183 - January 2022): Princeton University Press, Columbia University Press & Other Publisher

Titles

Subject Areas: Industrial Relations and Labour Economics, Economics and Finance, Marketing

Blockchain and the Digital Economy by Fred Steinmetz; Lennart Ante; Ingo Fiedler
ISBN: 9781788212250

Publication Date: 2020-07-31

Description: Blockchain technology has the potential to disrupt digital interaction in our economy and society. The technology's rapid and dynamic technical development is driven by startups and incumbents alike, creating a myriad of applications across economic and societal domains. However, the implications of this potential new technological paradigm have not yet reached wider public debate, nor have economic and societal implications been adequately explored. Distributed ledger technologies and blockchains stem from an ideological open-source movement and facilitate the exchange of assets via a complementary technical layer on top of the internet. Current platform-based business structures like Facebook, Uber, Airbnb or Amazon could be replaced by evolving decentralized ecosystems. At the same time, community-owned neutral networks could facilitate a re-empowerment of individuals including but not limited to the sovereignty over one's data. It is likely that blockchain technology will eventually affect everyone in our society. In this book the key concepts of blockchain technology and an overview of the machinations of different blockchain ecosystems are presented. The socio-economic impact of this new technology is discussed including its impact on sectors such as energy, data, capital markets, logistics, and gambling. Challenges of adoption and roll out will be discussed with a specific focus on scalability and regulation. Non-technical and accessible, the book seeks to demystify the functionalities of blockchains, their potential as well as their likely socio-economic impacts.
Blockchain and Smart Contracts by Swee Won Lo; Yu Wang; David Lee
ISBN: 9789811224867

Publication Date: 2021-02-01

Description: "Innovative as it is, the blockchain technology is getting more and more attention and an increasing number of applications have emerged. This book elaborates on both the design thinking ideas and technical details in blockchain and smart contracts to help readers delve into the conceptual framework and understand why blockchain is designed as such and how it makes the current system decentralised yet effective. Having this understanding lays the ground for further analysis of blockchain-based solutions and innovative fintech applications. Topics covered in this book include blockchain structure, blockchain ecosystem, design thinking for blockchain, smart contract, fintech and financial services, solution-based problem solving, fintech valuation, and current issues faced such as privacy protection and solution selection, with the aid of real-life examples and hands-on exercises. Blockchain and Smart Contracts serves as a valuable guide for researchers and practitioners who have interests in the blockchain, smart contract, fintech innovation and applications, design thinking, and technical details. This book is particularly written for anyone who has no technical background and is searching for an initiation into the deep end of blockchain. Those with business, finance and economic interests will find this interesting and easy to digest"--
Customer Encounters on Twitter by Anna Tereszkiewicz
ISBN: 9788323346579

Publication Date: 2021-08-02

Description: The book presents a discussion of the selected properties of customer encounters conducted on brand profiles on Twitter. The first part of the book discusses social media and their use in corporate communication, with a particular consideration of Twitter. It also defines customer encounters as a genre of interaction and presents an overview of previous research devoted to this area of communication. The second part of the publication concerns corporate profiles on Twitter and customer encounters conducted in this medium. The author characterizes consumer messages containing positive evaluation and complaints posted on company profiles. The strategies which companies use in response to positive and negative evaluations are discussed in detail. The publication also contains a description of selected conventional politeness acts used in the interaction as well as the language properties of tweets on the lexical and syntactic level. The discussion presented in the book shows Twitter as an important tool of image management and customer interaction.
Financial Inclusion by Samuel Kirwan
ISBN: 9781788211185

Publication Date: 2021-04-06

Description: Limited access to financial services, such as banking and credit, impedes economic development in impoverished communities, which has prompted policy-makers, private institutions and NGOs to develop strategies to address financial inclusion. Drawing on a series of illustrative case studies, Samuel Kirwan examines the various types of policy implementation, and considers the social impact and efficacy of such economic intervention. From exploring India's micro-credit industry to explaining the rise of mobile banking in South Africa, the book employs a social science tool box to make sense of the various policy areas and initiatives involved in confronting economic inequality. Analysing both developed and developing markets, Kirwan highlights the potentially detrimental effects of financial inclusion strategies, such as the spread of sub-prime mortgage lending in the US. While acknowledging the risks and pitfalls of government-backed and private financial inclusion practices, the author, nevertheless, makes a strong case for the value of financial inclusion both as a conceptual term for clarifying the stakes of material poverty and as a policy tool that creates a space for meaningful changes in economic practices. An insightful take on the role of government policy in combatting inequality, the book is a valuable resource for researchers examining the socio-economic dimensions of poverty and attempts to address it.
The Magic Money Tree and Other Economic Tales by Lorenzo Forni
ISBN: 9781788213653

Publication Date: 2021-08-31

Description: Lorenzo Forni examines the tension between economics and politics and considers why so many mistakes in economic policy-making are made for political reasons. In an age of uncertainty, voters look to politicians for protection and support and politicians are all too eager to cater to those needs by using the state budget, trade policy and monetary policy to prop up labour markets and the wider economy and, in turn, enhance their own approval ratings. However, such short-term economic gains to ensure electoral success, Forni argues, frequently spell disaster. Ignoring budget constraints can result in longer-term recession and economic downturns, which can then incur painful austerity measures to bring the economy back into balance. Forni looks at the many unsustainable economic policies that have been implemented to create more wealth, greater well-being and to satisfy voters when the economic realities - there is no magic money tree! - would recommend a different and more prudent economic course.
Evolving Regional Economies by Martin Henning
ISBN: 9781788214087

Publication Date: 2022-01-27

Description: Regional issues are increasingly debated across the social sciences. In an age of globalization, the region has come to matter perhaps more than before. In business, companies orient themselves to engage in regional environments to build capabilities and create critical mass in their vicinity. In the world of policy, almost one-third of the EU budget is spent on regional policy. Yet in spite of this the differences between regions that do well and those that do not are increasing in both Europe and the United States. In recent years, evolutionary economic geography has done much to create a framework to inform regional policy and academic work. Using its insights, Martin Henning explores why economic growth and transformation is an essentially regionally based and spatially dependent process. The book offers an accessible introduction to the core ideas involved in understanding the dynamics of regional economies and draws on case studies to illuminate these ideas in practice.
Emerging Domestic Markets by Gregory Fairchild
ISBN: 9780231173223

Publication Date: 2021-01-05

Description: The term "emerging market" refers to a country where incomes are currently low but that is likely to experience rapid growth and increasing economic competitiveness. Identifying emerging markets is important for international development, and for investors they represent intriguing opportunities to reap uncommon gains. Yet many of the characteristics of emerging markets--including demographic shifts, rising educational attainment, and growing urbanization--are also found closer to home, in communities that have been underserved by the existing financial-services system. Gregory Fairchild introduces readers to the rising set of entrepreneurs whose efforts to reach marginalized groups are reshaping the emerging markets of the United States. He explores how minority-owned and community-development institutions are achieving innovations in consumer- and small-business-targeted financial services to further economic development and reduce inequality. Fairchild illustrates these transformative models through compelling narratives: the decision by a Chinese-ethnic credit union to open a branch in a new neighborhood, investment by a minority-led private equity firm in satellite radio for the developing world, and efforts by a community-development-loan fund to bring fresh foods into a food desert in Philadelphia. He analyzes the models of these organizations, measures their successes and failures, and provides suggestions for sustainable growth of similar organizations. Bringing together quantitative research, powerful stories of real-world entrepreneurs, and nuanced insights on public policy, Emerging Domestic Markets offers a vital set of prescriptions for inclusive financial development.
Positioning for Advantage by Kimberly A. Whitler
ISBN: 9780231189002

Publication Date: 2021-09-07

Description: Most of us have an intuitive sense of superior branding. We prefer to purchase brands we find distinctive--that deliver on some important, relevant dimension better than other brands. These brands have typically achieved positional advantage. Yet few professionals have had the formal training that goes beyond marketing theory to bridge the "theory-doing gap"--understanding the specific techniques and strategies that can be used to create brands that attain positional advantage in the marketplace. Positioning for Advantage is a comprehensive how-to guide for creating, building, and executing effective brand strategies. Kimberly A. Whitler identifies essential marketing strategy techniques and moves through the major stages of positioning a brand to achieve in-market advantage. Introducing seven tools--from strategic positioning concepts to strategy mapping to influencer maps--Whitler provides templates, frameworks, and step-by-step processes to build and manage growth brands that achieve positional advantage. This book presents real-world scenarios, helping readers activate tools to increase skill in creating brands that achieve positional advantage. Brimming with insights for students and professionals alike, Positioning for Advantage helps aspiring C-level leaders understand not only what superior branding looks like but also how to make it come to life.
The Myth of Private Equity by Jeffrey Hooke
ISBN: 9780231198820

Publication Date: 2021-10-05

Description: Once an obscure niche of the investment world, private equity has grown into a juggernaut, with consequences for a wide range of industries as well as the financial markets. Private equity funds control companies that represent trillions of dollars in assets, millions of employees, and the well-being of thousands of institutional investors and their beneficiaries. Even as the ruthlessness of some funds has made private equity a poster child for the harms of unfettered capitalism, many aspects of the industry remain opaque, hidden from the normal bounds of accountability. The Myth of Private Equity is a hard-hitting and meticulous exposé from an insider's viewpoint. Jeffrey C. Hooke--a former private equity executive and investment banker with deep knowledge of the industry--examines the negative effects of private equity and the ways in which it has avoided scrutiny. He unravels the exaggerations that the industry has spun to its customers and the business media, scrutinizing its claims of lucrative investment returns and financial wizardry and showing the stark realities that are concealed by the funds' self-mythologizing and penchant for secrecy. Hooke details the flaws in private equity's investment strategies, critically examines its day-to-day operations, and reveals the broad spectrum of its enablers. A bracing and essential read for both the financial profession and the broader public, this book pulls back the curtain on one of the most controversial areas of finance.
Not Working by David G. Blanchflower
ISBN: 9780691181240

Publication Date: 2019-06-18

Description: A candid assessment of why the job market is not as healthy as we think Don't trust low unemployment numbers as proof that the labor market is doing fine--it isn't. Not Working is about those who can't find full-time work at a decent wage--the underemployed--and how their plight is contributing to widespread despair, a worsening drug epidemic, and the unchecked rise of right-wing populism. In this revelatory and outspoken book, David Blanchflower draws on his acclaimed work in the economics of labor and well-being to explain why today's postrecession economy is vastly different from what came before. He calls out our leaders and policymakers for failing to see the Great Recession coming, and for their continued failure to address one of the most unacknowledged social catastrophes of our time. Blanchflower shows how many workers are underemployed or have simply given up trying to find a well-paying job, how wage growth has not returned to prerecession levels despite rosy employment indicators, and how general prosperity has not returned since the crash of 2008. Standard economic measures are often blind to these forgotten workers, which is why Blanchflower practices the "economics of walking about"--seeing for himself how ordinary people are faring under the recovery, and taking seriously what they say and do. Not Working is his candid report on how the young and the less skilled are among the worst casualties of underemployment, how immigrants are taking the blame, and how the epidemic of unhappiness and self-destruction will continue to spread unless we deal with it.
The Making of a Periphery by Ulbe Bosma
ISBN: 9780231188524

Publication Date: 2019-07-30

Description: Island Southeast Asia was once a thriving region, and its products found eager consumers from China to Europe. Today, the Philippines, Indonesia, and Malaysia are primarily exporters of their surplus of cheap labor, with more than ten million emigrants from the region working all over the world. How did a prosperous region become a peripheral one? In The Making of a Periphery, Ulbe Bosma draws on new archival sources from the colonial period to the present to demonstrate how high demographic growth and a long history of bonded labor relegated Southeast Asia to the margins of the global economy. Bosma finds that the region's contact with colonial trading powers during the early nineteenth century led to improved health care and longer life spans as the Spanish and Dutch colonial governments began to vaccinate their subjects against smallpox. The resulting abundance of workers ushered in extensive migration toward emerging labor-intensive plantation and mining belts. European powers exploited existing patron-client labor systems with the intermediation of indigenous elites and non-European agents to develop extractive industries and plantation agriculture. Bosma shows that these trends shaped the postcolonial era as these migration networks expanded far beyond the region. A wide-ranging comparative study of colonial commodity production and labor regimes, The Making of a Periphery is of major significance to international economic history, colonial and postcolonial history, and Southeast Asian history.
Ghosts of Gold Mountain by Gordon H. Chang
ISBN: 9781328618573

Publication Date: 2019-05-07

Description: "Gripping... Chang has accomplished the seemingly impossible... he has written a remarkably rich, human and compelling story of the railroad Chinese."--Peter Cozzens, Wall Street Journal WINNER OF THE ASIAN/PACIFIC AMERICAN LIBRARIANS AWARD FOR LITERATURE WINNER OF THE CHINESE AMERICAN LIBRARIANS ASSOCIATION BEST BOOK AWARD A groundbreaking, breathtaking history of the Chinese workers who built the Transcontinental Railroad, helping to forge modern America only to disappear into the shadows of history until now. From across the sea, they came by the thousands, escaping war and poverty in southern China to seek their fortunes in America. Converging on the enormous western worksite of the Transcontinental Railroad, the migrants spent years dynamiting tunnels through the snow-packed cliffs of the Sierra Nevada and laying tracks across the burning Utah desert. Their sweat and blood fueled the ascent of an interlinked, industrial United States. But those of them who survived this perilous effort would suffer a different kind of death--a historical one, as they were pushed first to the margins of American life and then to the fringes of public memory. In this groundbreaking account, award-winning scholar Gordon H. Chang draws on unprecedented research to recover the Chinese railroad workers' stories and celebrate their role in remaking America. An invaluable correction of a great historical injustice, Ghosts of Gold Mountain returns these "silent spikes" to their rightful place in our national saga. "The lived experience of the Railroad Chinese has long been elusive... Chang's book is a moving effort to recover their stories and honor their indispensable contribution to the building of modern America."--The New York Times
Dockworker Power by Peter Cole
ISBN: 9780252083761

Publication Date: 2018-12-30

Description: Dockworkers have power. Often missed in commentary on today's globalizing economy, workers in the world's ports can harness their role, at a strategic choke point, to promote their labor rights and social justice causes. Peter Cole brings such overlooked experiences to light in an eye-opening comparative study of Durban, South Africa, and the San Francisco Bay Area, California. Path-breaking research reveals how unions effected lasting change in some of the most far-reaching struggles of modern times. First, dockworkers in each city drew on longstanding radical traditions to promote racial equality. Second, they persevered when a new technology--container ships--sent a shockwave of layoffs through the industry. Finally, their commitment to black internationalism and leftist politics sparked transnational work stoppages to protest apartheid and authoritarianism. Dockworker Power not only brings to light surprising parallels in the experiences of dockers half a world away from each other. It also offers a new perspective on how workers can change their conditions and world.
Kids at Work by Emir Estrada
ISBN: 9781479873708

Publication Date: 2019-07-16

Description: Winner, 2020 Outstanding Scholarly Contribution Award, given by the Children and Youth Section of the American Sociological Association Winner, 2020 Early-Career Book Award from the American Association of Hispanics in Higher Education How Latinx kids and their undocumented parents struggle in the informal street food economy Street food markets have become wildly popular in Los Angeles--and behind the scenes, Latinx children have been instrumental in making these small informal businesses grow. In Kids at Work, Emir Estrada shines a light on the surprising labor of these young workers, providing the first ethnography on the participation of Latinx children in street vending. Drawing on dozens of interviews with children and their undocumented parents, as well as three years spent on the streets shadowing families at work, Estrada brings attention to the unique set of hardships Latinx youth experience in this occupation. She also highlights how these hardships can serve to cement family bonds, develop empathy towards parents, encourage hard work, and support children--and their parents--in their efforts to make a living together in the United States. Kids at Work provides a compassionate, up-close portrait of Latinx children, detailing the complexities and nuances of family relations when children help generate income for the household as they peddle the streets of LA alongside their immigrant parents.
Ghost Work by Mary L. Gray; Siddharth Suri
ISBN: 9781328566249

Publication Date: 2019-05-07

Description: In the spirit ofNickel and Dimed, a necessary and revelatory expose of the invisible human workforce that powers the web--and that foreshadows the true future of work. Hidden beneath the surface of the web, lost in our wrong-headed debates about AI, a new menace is looming. Anthropologist Mary L. Gray and computer scientist Siddharth Suri team up to unveil how services delivered by companies like Amazon, Google, Microsoft, and Uber can only function smoothly thanks to the judgment and experience of a vast, invisible human labor force. These people doing "ghost work" make the internet seem smart. They perform high-tech piecework: flagging X-rated content, proofreading, designing engine parts, and much more. An estimated 8 percent of Americans have worked at least once in this "ghost economy," and that number is growing. They usually earn less than legal minimums for traditional work, they have no health benefits, and they can be fired at any time for any reason, or none. There are no labor laws to govern this kind of work, and these latter-day assembly lines draw in--and all too often overwork and underpay--a surprisingly diverse range of workers: harried young mothers, professionals forced into early retirement, recent grads who can't get a toehold on the traditional employment ladder, and minorities shut out of the jobs they want. Gray and Suri also show how ghost workers, employers, and society at large can ensure that this new kind ofwork creates opportunity--rather than misery--for those who do it.
On the Clock by Emily Guendelsberger
ISBN: 9780316508995

Publication Date: 2019-07-16

Description: "Nickel and Dimed for the Amazon age," (Salon) the bitingly funny, eye-opening story of finding work in the automated and time-starved world of hourly low-wage labor After the local newspaper where she worked as a reporter closed, Emily Guendelsberger took a pre-Christmas job at an Amazon fulfillment center outside Louisville, Kentucky. There, the vending machines were stocked with painkillers, and the staff turnover was dizzying. In the new year, she travelled to North Carolina to work at a call center, a place where even bathroom breaks were timed to the second. And finally, Guendelsberger was hired at a San Francisco McDonald's, narrowly escaping revenge-seeking customers who pelted her with condiments. Across three jobs, and in three different parts of the country, Guendelsberger directly took part in the revolution changing the U.S. workplace. Offering an up-close portrait of America's actual "essential workers," On the Clock examines the broken social safety net as well as an economy that has purposely had all the slack drained out and converted to profit. Until robots pack boxes, resolve billing issues, and make fast food, human beings supervised by AI will continue to get the job done. Guendelsberger shows us how workers went from being the most expensive element of production to the cheapest - and how low wage jobs have been remade to serve the ideals of efficiency, at the cost of humanity. On the Clock explores the lengths that half of Americans will go to in order to make a living, offering not only a better understanding of the modern workplace, but also surprising solutions to make work more humane for millions of Americans.
Living Wage by Shelley Marshall
ISBN: 9780198830351

Publication Date: 2019-03-24

Description: This book is driven by a quest to re-regulate work to reduce informality and inequality, and promote a living wage for more people across the world. It presents the findings of a multidisciplinary study in four countries of varying wealth and development, exploring why people become trapped in precarious work. The accounts describe the impact of supply chain governance, trade agreements, internal and between-country migration, legal factors, as well as the socio-economic characteristics and outlooks of the workers. In a unique approach, the chapters describe existing labour regulation measures that have succeeded, but which have to date attracted little scholarly attention. Building on these existing innovations, the book proposes a new international labour law which would incrementally increase the wages of the poor and regulate precarious work in global supply chains.
Tramps and Trade Union Travelers by Kim Moody
ISBN: 9781608467556

Publication Date: 2019-10-22

Description: Why has there been no viable, independent labor party in the United States? Many people assert "American exceptionalist" arguments, which state a lack of class-consciousness and union tradition among American workers is to blame. While the racial, ethnic, and gender divisions within the American working class have created organizational challenges for the working class, Moody uses archival research to argue that despite their divisions, workers of all ethnic and racial groups in the Gilded Age often displayed high levels of class consciousness and political radicalism. In place of "American exceptionalism," Moody contends that high levels of internal migration during the late 1800's created instability in the union and political organizations of workers. Because of the tumultuous conditions brought on by the uneven industrialization of early American capitalism, millions of workers became migrants, moving from state to state and city to city. The organizational weakness that resulted undermined efforts by American workers to build independent labor-based parties in the 1880s and 1890s. Using detailed research and primary sources; Moody traces how it was that 'pure-and-simple' unionism would triumph by the end of the century despite the existence of a significant socialist minority in organized labor at that time. Kim Moody was a founder of Labor Notes and is the author of On New Terrain .
Addressing Modern Slavery by Justine Nolan; Martijn Boersma
ISBN: 9781742236438

Publication Date: 2020-07-15

Description: An estimated 40 million people are modern-day slaves, more than ever before in human history. Long after slavery was officially abolished, the practice not only continues but thrives. Whether they are women in electronics or apparel sweatshops, children in brick kilns or on cocoa farms, or men trapped in bonded labour working on construction sites, millions of people globally are forced to perform labour through coercion, intimidation, or deceit. In a world of growing inequality and trade-offs between the haves and the have-nots, consumers, business, and government are all part of the problem and the solution. While we have all become accustomed to fast fashion and cheap consumer goods, the affordability of these commodities often comes at the price of human exploitation. Addressing Modern Slavery examines slavery in the modern world and outlines ways it can be stopped.
Heartland Blues by Marc Dixon
ISBN: 9780190917036

Publication Date: 2020-12-07

Description: The Midwest experienced an upheaval over labor rights beginning in the winter of 2011. For most commentators, the fallout in the Midwest and unions' weak showing in the 2016 presidential election a few years later was just more evidence of labor's emaciated state. In Heartland Blues, Marc Dixon provides a new perspective on union decline by revisiting the labor movement at its historical peak in the late 1950s. Drawing on social movement theories and archival materials, he analyzes campaigns over key labor policies as they were waged in the heavily unionized states of Indiana, Ohio and Wisconsin-the very same states at the center of more recent battles over labor rights. He shows how many of the key ingredients necessary for less powerful groups to succeed, including effective organization and influential political allies, were not a given for labor at the time, but instead varied in important ways across the industrial heartland. Thus, the labor movement's social and political isolation and their limited responses to employer mobilization became a death knell in the ensuing decades, as unions sought organizational and legislative remedies to industrial decline and the rising anti-union tide. Showing how labor rights have been challenged in significant ways in the industrial Midwest in the 1950s, Heartland Blues both identifies enduring problems for labor and forces scholars to look beyond size when seeking clues to labor's failures and successes.
Overload by Erin L. Kelly; Phyllis Moen
ISBN: 9780691179179

Publication Date: 2020-03-17

Description: Why too much work and too little time is hurting workers and companies--and how a proven workplace redesign can benefit employees and the bottom line Today's ways of working are not working--even for professionals in "good" jobs. Responding to global competition and pressure from financial markets, companies are asking employees to do more with less, even as new technologies normalize 24/7 job expectations. In Overload, Erin Kelly and Phyllis Moen document how this new intensification of work creates chronic stress, leading to burnout, attrition, and underperformance. "Flexible" work policies and corporate lip service about "work-life balance" don't come close to fixing the problem. But this unhealthy and unsustainable situation can be changed--and Overload shows how. Drawing on five years of research, including hundreds of interviews with employees and managers, Kelly and Moen tell the story of a major experiment that they helped design and implement at a Fortune 500 firm. The company adopted creative and practical work redesigns that gave workers more control over how and where they worked and encouraged managers to evaluate performance in new ways. The result? Employees' health, well-being, and ability to manage their personal and work lives improved, while the company benefited from higher job satisfaction and lower turnover. And, as Kelly and Moen show, such changes can--and should--be made on a wide scale. Complete with advice about ways that employees, managers, and corporate leaders can begin to question and fix one of today's most serious workplace problems, Overload is an inspiring account about how rethinking and redesigning work could transform our lives and companies.
Making the Cut by David Pedulla
ISBN: 9780691175102

Publication Date: 2020-04-21

Description: An in-depth look at how employers today perceive and evaluate job applicants with nonstandard or precarious employment histories Millions of workers today labor in nontraditional situations involving part-time work, temporary agency employment, and skills underutilization or face the precariousness of long-term unemployment. To date, research has largely focused on how these experiences shape workers' well-being, rather than how hiring agents perceive and treat job applicants who have moved through these positions. Shifting the focus from workers to hiring agents, Making the Cut explores how key gatekeepers--HR managers, recruiters, and talent acquisition specialists--evaluate workers with nonstandard, mismatched, or precarious employment experience. Factoring in the social groups to which workers belong--such as their race and gender--David Pedulla shows how workers get jobs, how the hiring process unfolds, who makes the cut, and who does not. Drawing on a field experiment examining hiring decisions in four occupational groups and in-depth interviews with hiring agents in the United States, Pedulla documents and unpacks three important discoveries. Hiring professionals extract distinct meanings from different types of employment experiences; the effects of nonstandard, mismatched, and precarious employment histories for workers' job outcomes are not all the same; and the race and gender of workers intersect with their employment histories to shape which workers get called back for jobs. Indeed, hiring professionals use group-based stereotypes to weave divergent narratives or "stratified stories" about workers with similar employment experiences. The result is a complex set of inequalities in the labor market. Looking at bias and discrimination, social exclusion in the workplace, and the changing nature of work, Making the Cut probes the hiring process and offers a clearer picture of the underpinnings of getting a job in the new economy.
American Unemployment by Frank Stricker
ISBN: 9780252085024

Publication Date: 2020-05-19

Description: The history of unemployment and concepts surrounding it remain a mystery to many Americans. Frank Stricker believes we need to understand this essential thread in our shared past. American Unemployment is an introduction for everyone that takes aim at misinformation, willful deceptions, and popular myths to set the record straight: *Workers do not normally choose to be unemployed.*In our current system, persistent unemployment is not an aberration. It is much more common than full employment, and the outcome of elite policy choices.*Labor surpluses propped up by flawed unemployment numbers have helped to keep real wages stagnant for more than forty years.*Prior to the New Deal and the era of big government, laissez-faire policies repeatedly led to depressions with heavy, even catastrophic, job losses.*Undercounting the unemployed sabotages the creation of government job programs that can lead to more high-paying jobs and full employment.Written for non-economists, American Unemployment is a history and primer on vital economic topics that also provides a roadmap to better jobs and economic security.
Robber Barons and Wretched Refuse by Robert F. Zeidel
ISBN: 9781501748318

Publication Date: 2020-04-15

Description: Robber Barons and Wretched Refuse explores the connection between the so-called robber barons who led American big businesses during the Gilded Age and Progressive Era and the immigrants who composed many of their workforces. As Robert F. Zeidel argues, attribution of industrial-era class conflict to an "alien" presence supplements nativism--a sociocultural negativity toward foreign-born residents--as a reason for Americans' dislike and distrust of immigrants. And in the era of American industrialization, employers both relied on immigrants to meet their growing labor needs and blamed them for the frequently violent workplace contentions of the time. Through a sweeping narrative, Zeidel uncovers the connection of immigrants to radical "isms" that gave rise to widespread notions of alien subversives whose presence threatened America's domestic tranquility and the well-being of its residents. Employers, rather than looking at their own practices for causes of workplace conflict, wontedly attributed strikes and other unrest to aliens who either spread pernicious "foreign" doctrines or fell victim to their siren messages. These characterizations transcended nationality or ethnic group, applying at different times to all foreign-born workers. Zeidel concludes that, ironically, stigmatizing immigrants as subversives contributed to the passage of the Quota Acts, which effectively stemmed the flow of wanted foreign workers. Post-war employers argued for preserving America's traditional open door, but the negativity that they had assigned to foreign workers contributed to its closing.
The Economist's Craft by Michael S. Weisbach
ISBN: 9780691216485

Publication Date: 2021-11-16

Description: An incisive guide that helps up-and-coming economists become successful scholars The Economist's Craft introduces graduate students and rising scholars to the essentials of research, writing, and other critical skills for a successful career in economics. Michael Weisbach enables you to become more effective at communicating your ideas, emphasizing the importance of choosing topics that will have a lasting impact. He explains how to write clearly and compellingly, present and publish your findings, navigate the job market, and more. Walking readers through each stage of a research project, Weisbach demonstrates how to develop research around a theme so that the value from a body of work is more than the sum of its individual papers. He discusses how to structure each section of an academic article and describes the steps that follow the completion of an initial draft, from presenting and revising to circulating and eventually publishing. Weisbach reveals how to get the most out of graduate school, how the journal review process works, how universities decide promotions and tenure, and how to manage your career and continue to seek out rewarding new opportunities. A how-to guide for the aspiring economist, The Economist's Craft covers a host of important issues rarely taught in the graduate classroom, providing readers with the tools and insights they need to succeed as professional scholars.
Cogs and Monsters by Diane Coyle
ISBN: 9780691210599

Publication Date: 2021-10-12

Description: How economics needs to change to keep pace with the twenty-first century and the digital economy Digital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. In Cogs and Monsters, 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. What is worse, by treating people as cogs, economics is creating its own monsters, leaving itself without the tools to understand the new problems it faces. In response, Coyle asks whether economic individualism is still valid in the digital economy, whether we need to measure growth and progress in new ways, and whether economics can ever be objective, since it influences what it analyzes. Just as important, the discipline needs to correct its striking lack of diversity and inclusion if it is to be able to offer new solutions to new problems. Filled with original insights, Cogs and Monsters offers a road map for how economics can adapt to the rewiring of society, including by digital technologies, and realize its potential to play a hugely positive role in the twenty-first century.
Outside the Box by Marc Levinson
ISBN: 9780691227092

Publication Date: 2021-09-28

Description: From the acclaimed author of The Box, a new history of globalization that shows us how to navigate its future Globalization has profoundly shaped the world we live in, yet its rise was neither inevitable nor planned. It is also one of the most contentious issues of our time. While it may have made goods less expensive, it has also sent massive flows of money across borders and shaken the global balance of power. Outside the Box offers a fresh and lively history of globalization, showing how it has evolved over two centuries in response to changes in demographics, technology, and consumer tastes. Marc Levinson, the acclaimed author of The Box, tells the story of globalization through the people who eliminated barriers and pursued new ways of doing business. He shows how the nature of globalization changed dramatically in the 1980s with the creation of long-distance value chains. This new type of economic relationship shifted manufacturing to Asia, destroying millions of jobs and devastating industrial centers in North America, Europe, and Japan. Levinson describes how improvements in transportation, communications, and computing made international value chains possible, but how globalization was taken too far because of large government subsidies and the systematic misjudgment of risk by businesses. As companies began to account properly for the risks of globalization, cross-border investment fell sharply and foreign trade lagged long before Donald Trump became president and the coronavirus disrupted business around the world. In Outside the Box, Levinson explains that globalization is entering a new era in which moving stuff will matter much less than moving services, information, and ideas.
In Pursuit of the Perfect Portfolio by Andrew W. Lo; Stephen R. Foerster
ISBN: 9780691215204

Publication Date: 2021-08-17

Description: How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world--Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries--which include six Nobel Laureates and a trailblazer in mutual funds--and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today's investors. Inspiring such monikers as the Bond Guru, Wall Street's Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics--effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.
Our Great Purpose by Ryan Patrick Hanley
ISBN: 9780691216706

Publication Date: 2021-06-15

Description: Invaluable wisdom on living a good life from the founder of modern economics Adam Smith is best known today as the founder of modern economics, but he was also an uncommonly brilliant philosopher who was especially interested in the perennial question of how to live a good life. Our Great Purpose is an illuminating guide to Smith's incomparable wisdom on how to live well, written by one of today's leading Smith scholars. Full of invaluable insights on topics ranging from happiness and moderation to love and friendship, Our Great Purpose enables modern readers to see Smith in an entirely new light--and along the way, learn what it truly means to possess an excellent character and lead a worthy life.
Sorting Out the Mixed Economy by Professor Amy C. Offner
ISBN: 9780691205205

Publication Date: 2021-06-08

Description: The untold story of how welfare and development programs in the United States and Latin America produced the instruments of their own destruction In the years after 1945, a flood of U.S. advisors swept into Latin America with dreams of building a new economic order and lifting the Third World out of poverty. These businessmen, economists, community workers, and architects went south with the gospel of the New Deal on their lips, but Latin American realities soon revealed unexpected possibilities within the New Deal itself. In Colombia, Latin Americans and U.S. advisors ended up decentralizing the state, privatizing public functions, and launching austere social welfare programs. By the 1960s, they had remade the country's housing projects, river valleys, and universities. They had also generated new lessons for the United States itself. When the Johnson administration launched the War on Poverty, U.S. social movements, business associations, and government agencies all promised to repatriate the lessons of development, and they did so by multiplying the uses of austerity and for-profit contracting within their own welfare state. A decade later, ascendant right-wing movements seeking to dismantle the midcentury state did not need to reach for entirely new ideas: they redeployed policies already at hand. In this groundbreaking book, Amy Offner brings readers to Colombia and back, showing the entanglement of American societies and the contradictory promises of midcentury statebuilding. The untold story of how the road from the New Deal to the Great Society ran through Latin America, Sorting Out the Mixed Economy also offers a surprising new account of the origins of neoliberalism.
The Profit Paradox by Jan Eeckhout
ISBN: 9780691214474

Publication Date: 2021-06-01

Description: A pioneering account of the surging global tide of market power--and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world's working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power--the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements--acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these "superstar" companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
Trading at the Speed of Light by Donald MacKenzie
ISBN: 9780691211381

Publication Date: 2021-05-25

Description: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading--automated high-frequency trading or HFT--began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal--light in a vacuum--can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges' systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
The Inglorious Years by Jane Marie Todd (Translator)
ISBN: 9780691206158

Publication Date: 2021-05-18

Description: How populism is fueled by the demise of the industrial order and the emergence of a new digital society ruled by algorithms In the revolutionary excitement of the 1960s, young people around the world called for a radical shift away from the old industrial order, imagining a future of technological liberation and unfettered prosperity. Industrial society did collapse, and a digital economy has risen to take its place, yet many are left feeling marginalized and deprived of the possibility of a better life. The Inglorious Years explores the many ways we have been let down by the rising tide of technology, showing how our new interconnectivity is not fulfilling its promise. In this revelatory book, economist Daniel Cohen describes how today's postindustrial society is transforming us all into sequences of data that can be manipulated by algorithms from anywhere on the planet. As yesterday's assembly line was replaced by working online, the leftist protests of the 1960s have given way to angry protests by the populist right. Cohen demonstrates how the digital economy creates the same mix of promises and disappointments as the old industrial order, and how it revives questions about society that are as relevant to us today as they were to the ancients. Brilliant and provocative, The Inglorious Years discusses what the new digital society holds in store for us, and reveals how can we once again regain control of our lives.
Democratic Capitalism at the Crossroads by Carles Boix
ISBN: 9780691216898

Publication Date: 2021-05-04

Description: An incisive history of the changing relationship between democracy and capitalism The twentieth century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here--and where we could be headed. Boix looks at three defining stages of capitalism, each originating in a distinct time and place with its unique political challenges, structure of production and employment, and relationship with democracy. He begins in nineteenth-century Manchester, where factory owners employed unskilled laborers at low wages, generating rampant inequality and a restrictive electoral franchise. He then moves to Detroit in the early 1900s, where the invention of the modern assembly line shifted labor demand to skilled blue-collar workers. Boix shows how growing wages, declining inequality, and an expanding middle class enabled democratic capitalism to flourish. Today, however, the information revolution that began in Silicon Valley in the 1970s is benefitting the highly educated at the expense of the traditional working class, jobs are going offshore, and inequality has risen sharply, making many wonder whether democracy and capitalism are still compatible. Essential reading for these uncertain times, Democratic Capitalism at the Crossroads proposes sensible policy solutions that can help harness the unruly forces of capitalism to preserve democracy and meet the challenges that lie ahead.
A War on Global Poverty by Joanne Meyerowitz
ISBN: 9780691206332

Publication Date: 2021-04-20

Description: A history of US involvement in late twentieth-century campaigns against global poverty and how they came to focus on women A War on Global Poverty 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 global poverty turned decisively toward market-based projects in the private sector. Development experts and antipoverty advocates recast women as entrepreneurs and imagined microcredit--with its tiny loans--as a grassroots solution. Meyerowitz shows that at the very moment when the overextension of credit left poorer nations bankrupt, loans to impoverished women came to replace more ambitious proposals that aimed at redistribution. Based on a wealth of sources, A War on Global Poverty looks at a critical transformation in antipoverty efforts in the late twentieth century and points to its legacies today.
Economics in Two Lessons by John Quiggin
ISBN: 9780691217420

Publication Date: 2021-04-13

Description: A masterly introduction to the key ideas behind the successes--and failures--of free-market economics Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, "When someone preaches 'Economics in one lesson,' I advise: Go back for the second lesson." In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes--and failures--of free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.
Why Trust Matters by Benjamin Ho
ISBN: 9780231189606

Publication Date: 2021-06-29

Description: Have economists neglected trust? The economy is fundamentally a network of relationships built on mutual expectations. More than that, trust is the glue that holds civilization together. Every time we interact with another person--to make a purchase, work on a project, or share a living space--we rely on trust. Institutions and relationships function because people place confidence in them. Retailers seek to become trusted brands; employers put their trust in their employees; and democracy works only when we trust our government. Benjamin Ho reveals the surprising importance of trust to how we understand our day-to-day economic lives. Starting with the earliest societies and proceeding through the evolution of the modern economy, he explores its role across an astonishing range of institutions and practices. From contracts and banking to blockchain and the sharing economy to health care and climate change, Ho shows how trust shapes the workings of the world. He provides an accessible account of how economists have applied the mathematical tools of game theory and the experimental methods of behavioral economics to bring rigor to understanding trust. Bringing together insights from decades of research in an approachable format, Why Trust Matters shows how a concept that we rarely associate with the discipline of economics is central to the social systems that govern our lives.
Social Preferences by Michalis Drouvelis
ISBN: 9781788214179

Publication Date: 2021-11-25

Description: Michalis Drouvelis introduces students to one of the key areas of behavioural economics ¬- social preferences. He explains in clear, untechnical language how experimental research in this area has provided economists with much greater understanding of economic behaviour. Each chapter examines how a particular group of experiments have been used by behavioural economists to shed light on the processes of economic decision making. These include bargaining games, trust games and public good games. The significance of determinants such as punishment, sanctioning, emotion, cooperation, reciprocity, leadership, framing and cross-cultural differences are also explained and students will gain the understanding needed to replicate the experiments themselves.
A Modern Migration Theory by Peo Hansen
ISBN: 9781788210553

Publication Date: 2021-03-25

Description: The widely accepted narrative that refugees admitted to the European Union constitute a fiscal burden is based on a seemingly neutral accounting exercise, in which migrants contribute less in tax than they receive in welfare assistance. A "fact" that justifies increasingly restrictive asylum policies. In this book Peo Hansen shows that this consensual cost-perspective on migration is built on a flawed economic conception of the orthodox "sound finance" doctrine prevalent in migration research and policy. By shifting perspective to examine migration through the macroeconomic lens offered by modern monetary theory, Hansen is able to demonstrate sound finance's detrimental impact on migration policy and research, including its role in stoking the toxic debate on migration in the EU. Most importantly, Hansen's undertaking offers the tools with which both migration research and migration policy could be modernized and put on a realistic footing. In addition to a searing analysis of EU migration policy and politics, Hansen also investigates the case of Sweden, the country that has received the most refugees in the EU in proportion to population. Hansen demonstrates how Sweden's increased refugee spending in 2015-17 proved to be fiscally risk-free and how the injection of funds to cash-strapped and depopulating municipalities, which received refugees, boosted economic growth and investment in welfare. Spending on refugees became a way of rediscovering the viability of welfare for all. Given that the Swedish approach to the 2015 refugee crisis has since been discarded and deemed fiscally unsustainable, Hansen's aim is to reveal its positive effects and its applicability as a model for the EU as a whole.

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