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Packaged Pleasures
How Technology and Marketing Revolutionized Desire
Gary S. Cross and Robert N. Proctor
University of Chicago Press, 2014
From the candy bar to the cigarette, records to roller coasters, a technological revolution during the last quarter of the nineteenth century precipitated a colossal shift in human consumption and sensual experience.  Food, drink, and many other consumer goods came to be mass-produced, bottled, canned, condensed, and distilled, unleashing new and intensified surges of pleasure, delight, thrill—and addiction.

In Packaged Pleasures, Gary S. Cross and Robert N. Proctor delve into an uncharted chapter of American history, shedding new light on the origins of modern consumer culture and how technologies have transformed human sensory experience.  In the space of only a few decades, junk foods, cigarettes, movies, recorded sound, and thrill rides brought about a revolution in what it means to taste, smell, see, hear, and touch.  New techniques of boxing, labeling, and tubing gave consumers virtually unlimited access to pleasures they could simply unwrap and enjoy. Manufacturers generated a seemingly endless stream of sugar-filled, high-fat foods that were delicious but detrimental to health.  Mechanically rolled cigarettes entered the market and quickly addicted millions.  And many other packaged pleasures dulled or displaced natural and social delights. Yet many of these same new technologies also offered convenient and effective medicines, unprecedented opportunities to enjoy music and the visual arts, and more hygienic, varied, and nutritious food and drink. For better or for worse, sensation became mechanized, commercialized, and, to a large extent, democratized by being made cheap and accessible. Cross and Proctor have delivered an ingeniously constructed history of consumerism and consumer technology that will make us all rethink some of our favorite things.
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Pakistan’s Development
Social Goals and Private Incentives
Gustav F. Papanek
Harvard University Press
In the 1950s Pakistan was generally considered to be a country that would remain among the poorest in the world, but economic development in the decade to follow exceeded all expectations. Gustav Papanek, in the first thorough analysis of this achievement, shows how Pakistan, partly by design and partly by accident, arrived at a successful blend of private initiative and government intervention in the economy. This book, which includes the only comprehensive industrial survey of an underdeveloped country, sheds considerable light on the problems facing nations in similar circumstances.
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Panic in Paradise
Florida's Banking Crash of 1926
Raymond B. Vickers
University of Alabama Press, 1994

Panic in Paradise is a comprehensive study of bank loan failures during the Florida land boom of the mid-1920s, during the years preceding the stock market crash of 1929. Florida and Georgia experienced a banking panic in 1926 when, in a ten-day period in July, after uncontrollable depositor runs, 117 banks closed in the two states. Uninsured depositors lost millions, and several suicides followed the financial havoc. This volume makes use of banking records that were legally sealed for almost 70 years and provides a shocking story of professional corruption and conspiracy.

"An extraordinary and unusual book that makes an important contribution to our understanding of banking history and the general economic history oof the 1920s. The banking collapse in the Southeast is virtually unknown, even to specialists in banking and financial history. No one who is interested in the banking history of the United States will want to miss this book." -- Eugene N. White, Rutgers University

"An exhaustively researched pioneering study; brilliant investigative reporting." -- Jack Blicksilver, Georgia State University

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The Panic of 1819
The First Great Depression
Andrew H. Browning
University of Missouri Press, 2019
The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri.

The Panic introduced Americans to the new phenomenon of boom and bust, changed the country's attitudes towards wealth and poverty, spurred the political movement that became Jacksonian Democracy, and helped create the sectional divide that would lead to the Civil War. Although it stands as one of the turning points of American history, few Americans today have heard of the Panic of 1819, with the result that we continue to ignore its lessons—and repeat its mistakes.
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Para Power
How Paraprofessional Labor Changed Education
Nick Juravich
University of Illinois Press, 2024
Paraprofessional educators entered US schools amidst the struggles of the late 1960s. Immersed in the crisis of care in public education, paras improved systems of education and social welfare despite low pay and second-rate status.

Understanding paras as key players in Black and Latino struggles for jobs and freedom, Nick Juravich details how the first generation of paras in New York City transformed work in public schools and the relationships between schools and the communities they served. Paraprofessional programs created hundreds of thousands of jobs in working-class Black and Latino neighborhoods. These programs became an important pipeline for the training of Black and Latino teachers in the1970s and early 1980s while paras’ organizing helped drive the expansion and integration of public sector unions.

An engaging portrait of an invisible profession, Para Power examines the lives and practices of the first generation of paraprofessional educators against the backdrop of struggles for justice, equality, and self-determination.

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Paradigms and Conventions
Uncertainty, Decision Making, and Entrepreneurship
Young Back Choi
University of Michigan Press, 1993
An innovative approach to the analysis of decision making under uncertainty
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The Paradox of Agrarian Change
Food Security and the Politics of Social Protection in Indonesia
Edited by John McCarthy, Andrew McWilliam, and Gerben Nooteboom
National University of Singapore Press, 2023
A detailed study of agrarian change, the persistence of food insecurity, and the most significant policy to address poverty in rural Indonesia.
 
Economic growth in the middle-income countries of Southeast Asia over the past few decades has been widely praised for reducing poverty in both absolute and relative terms. Indonesia is a prime example. But while poverty has declined in Indonesia, patterns of food poverty persist across Indonesia. What explains this troubling paradox? How does it relate to Indonesia’s enthusiastic embrace of the “entitlements revolution,” the use of direct cash transfers as a tool for reducing poverty and building social inclusion?
 
This book analyzes the nature and social consequences of economic development and agrarian change processes in rural Indonesia in relation to the scope and effectiveness of Indonesia’s social protection programs. The findings are based on a series of extensive ground-up case studies in Indonesian communities in a variety of eco-agrarian settings that seek to understand the drivers of food insecurity and vulnerability at a household level. The results show that while high-value farming, diversification, and migration may offer a means of economic progress for poor households, opportunities for accumulation are limited. This, the authors show, is due to the way class, gender, and power work in remote local contexts, and the fact that much surplus income is used for enhanced consumption and changing lifestyles. There are few signs of the classical structural transformation of the countryside which has historically been considered the most decisive pathway out of rural poverty. The authors conclude that social assistance is unlikely to counter the persistence of rural poverty, food insecurity, and precarity in the absence of other redistributive strategies that shift the structural drivers of inequality.
 
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The Paradox of Connection
How Digital Media Is Transforming Journalistic Labor
Diana Bossio, Valérie Bélair-Gagnon, Avery Holton, and Logan Molyneux
University of Illinois Press, 2024

Using a framework of online connection and disconnection, The Paradox of Connection examines how journalists’ practices are formed, negotiated, and maintained in dynamic social media environments. The interactions of journalists with the technological, social, and cultural features of online and social media environments have shaped new values and competencies--and the combination of these factors influence online work practices. Merging case studies with analysis, the authors show how the tactics of online connection and disconnection interact with the complex realities of working in today’s media environments. The result is an insightful portrait of fast-changing journalistic practices and their implications for both audiences and professional identities and norms.

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Parental Priorities and Economic Inequality
Casey B. Mulligan
University of Chicago Press, 1997
What determines whether children grow up to be rich or poor? Arguing that parental actions are some of the most important sources of wealth inequality, Casey B. Mulligan investigates the transmission of economic status from one generation to the next by constructing an economic model of parental preferences.

In Mulligan's model, parents determine the degree of their altruistic concern for their children and spend time with and resources on them accordingly—just as they might make choices about how they spend money. Mulligan tests his model against both old and new evidence on the intergenerational transmission of consumption, earnings, and wealth, including models that emphasize "financial constraints." One major prediction of Mulligan's model confirmed by the evidence is that children of wealthy parents typically spend more than they earn.

Mulligan's innovative approach can also help explain other important behavior, such as charitable giving and "corporate loyalty," and will appeal to a wide range of quantitatively oriented social scientists and sociobiologists.
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Paris to New York
The Transatlantic Fashion Industry in the Twentieth Century
Véronique Pouillard
Harvard University Press, 2021

An innovative history of the fashion industry, focusing on the connections between Paris and New York, art and finance, and design and manufacturing.

Fashion is one of the most dynamic industries in the world, with an annual retail value of $3 trillion and globally recognized icons like Coco Chanel, Christian Dior, and Yves Saint Laurent. How did this industry generate such economic and symbolic capital?

Focusing on the roles of entrepreneurs, designers, and institutions in fashion’s two most important twentieth-century centers, Paris to New York tells the history of the industry as a negotiation between art and commerce. In the late nineteenth century, Paris-based firms set the tone for a global fashion culture nurtured by artistic visionaries. In the burgeoning New York industry, however, the focus was on mass production. American buyers, trend scouts, and designers crossed the Atlantic to attend couture openings, where they were inspired by, and often accused of counterfeiting, designs made in Paris. For their part, Paris couturiers traveled to New York to understand what American consumers wanted and to make deals with local manufacturers for whom they designed exclusive garments and accessories. The cooperation and competition between the two continents transformed the fashion industry in the early and mid-twentieth century, producing a hybrid of art and commodity.

Véronique Pouillard shows how the Paris–New York connection gave way in the 1960s to a network of widely distributed design and manufacturing centers. Since then, fashion has diversified. Tastes are no longer set by elites alone, but come from the street and from countercultures, and the business of fashion has transformed into a global enterprise.

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The Park Chung Hee Era
The Transformation of South Korea
Edited by Byung-Kook Kim and Ezra F. Vogel
Harvard University Press, 2013

In 1961 South Korea was mired in poverty. By 1979 it had a powerful industrial economy and a vibrant civil society in the making, which would lead to a democratic breakthrough eight years later. The transformation took place during the years of Park Chung Hee's presidency. Park seized power in a coup in 1961 and ruled as a virtual dictator until his assassination in October 1979. He is credited with modernizing South Korea, but at a huge political and social cost.

South Korea's political landscape under Park defies easy categorization. The state was predatory yet technocratic, reform-minded yet quick to crack down on dissidents in the name of political order. The nation was balanced uneasily between opposition forces calling for democratic reforms and the Park government's obsession with economic growth. The chaebol (a powerful conglomerate of multinationals based in South Korea) received massive government support to pioneer new growth industries, even as a nationwide campaign of economic shock therapy-interest hikes, devaluation, and wage cuts-met strong public resistance and caused considerable hardship.

This landmark volume examines South Korea's era of development as a study in the complex politics of modernization. Drawing on an extraordinary range of sources in both English and Korean, these essays recover and contextualize many of the ambiguities in South Korea's trajectory from poverty to a sustainable high rate of economic growth.

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Parks and Recreation System Planning
A New Approach for Creating Sustainable, Resilient Communities
David L. Barth
Island Press, 2020
Parks and recreation systems have evolved in remarkable ways over the past two decades. No longer just playgrounds and ballfields, parks and open spaces have become recognized as essential green infrastructure with the potential to contribute to community resiliency and sustainability. To capitalize on this potential, the parks and recreation system planning process must evolve as well. In Parks and Recreation System Planning, David Barth provides a new, step-by-step approach to creating parks systems that generate greater economic, social, and environmental benefits.

Barth first advocates that parks and recreation systems should no longer be regarded as isolated facilities, but as elements of an integrated public realm. Each space should be designed to generate multiple community benefits. Next, he presents a new approach for parks and recreation planning that is integrated into community-wide issues. Chapters outline each step—evaluating existing systems, implementing a carefully crafted plan, and more—necessary for creating a successful, adaptable system. Throughout the book, he describes initiatives that are creating more resilient, sustainable, and engaging parks and recreation facilities, drawing from his experience consulting in more than 100 communities across the U.S.

Parks and Recreation System Planning meets the critical need to provide an up-to-date, comprehensive approach for planning parks and recreation systems across the country. This is essential reading for every parks and recreation professional, design professional, and public official who wants their community to thrive.
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Parks in Peril
People, Politics, and Protected Areas
Edited by Katrina Brandon, Kent H. Redford, and Steven Sanderson
Island Press, 1998
Using the experience of the Parks in Peril program -- a wide-ranging project instituted by The Nature Conservancy and its partner organizations in Latin America and the Caribbean to foster better park management -- this book presents a broad analysis of current trends in park management and the implications for biodiversity conservation. It examines the context of current park management and challenges many commonly held views from social, political, and ecological perspectives. The book argues that: biodiversity conservation is inherently political sustainable use has limitations as a primary tool for biodiversity conservation effective park protection requires understanding the social context at varying scales of analysis actions to protect parks need a level of conceptual rigor that has been absent from recent programs built around slogans and stereotypesNine case studies highlight the interaction of ecosystems, local peoples, and policy in park management, and describe the context of field-based conservation from the perspective of those actually implementing the programs. Parks in Peril builds from the case studies and specific park-level concerns to a synthesis of findings from the sites. The editors draw on the case studies to challenge popular conceptions about parks and describe future directions that can ensure long-term biodiversity conservation.Throughout, contributors argue that protected areas are extremely important for the protection of biodiversity, yet such areas cannot be expected to serve as the sole means of biodiversity conservation. Requiring them to carry the entire burden of conservation is a recipe for ecological and social disaster.
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Passing the Torch
Does Higher Education for the Disadvantaged Pay Off Across the Generations?
Paul Attewell
Russell Sage Foundation, 2007

The steady expansion of college enrollment rates over the last generation has been heralded as a major step toward reducing chronic economic disparities. But many of the policies that broadened access to higher education—including affirmative action, open admissions, and need-based financial aid—have come under attack in recent years by critics alleging that schools are admitting unqualified students who are unlikely to benefit from a college education. In Passing the Torch, Paul Attewell, David Lavin, Thurston Domina, and Tania Levey follow students admitted under the City University of New York’s “open admissions” policy, tracking its effects on them and their children, to find out whether widening college access can accelerate social mobility across generations.

Unlike previous research into the benefits of higher education, Passing the Torch follows the educational achievements of three generations over thirty years. The book focuses on a cohort of women who entered CUNY between 1970 and 1972, when the university began accepting all graduates of New York City high schools and increasing its representation of poor and minority students. The authors survey these women in order to identify how the opportunity to pursue higher education affected not only their long-term educational attainments and family well-being, but also how it affected their children’s educational achievements. Comparing the record of the CUNY alumnae to peers nationwide, the authors find that when women from underprivileged backgrounds go to college, their children are more likely to succeed in school and earn college degrees themselves. Mothers with a college degree are more likely to expect their children to go to college, to have extensive discussions with their children, and to be involved in their children’s schools. All of these parenting behaviors appear to foster higher test scores and college enrollment rates among their children. In addition, college-educated women are more likely to raise their children in stable two-parent households and to earn higher incomes; both factors have been demonstrated to increase children’s educational success.

The evidence marshaled in this important book reaffirms the American ideal of upward mobility through education. As the first study to indicate that increasing access to college among today’s disadvantaged students can reduce educational gaps in the next generation, Passing the Torch makes a powerful argument in favor of college for all.

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Passing the Torch
Planning for the Next Generation of Leaders in Public Service
Karl Besel
University of Arkansas Press, 2016

Public-service executives, both elected and appointed within the public and nonprofit sectors, are retiring at record levels, and the number of Americans reaching age sixty-five annually will continue to rise over the next decade and is expected to surpass four million in 2020. Finding qualified, motivated leaders to fill vital public-service positions will challenge the public and nonprofit sectors.

Unfortunately, recent studies show that few proactive steps are being taken by public-service organizations to plan for the next generation. Passing the Torch: Planning for the Next Generation of Public-Service Leaders provides an outline for those who will be facing and managing these looming changes.

In this valuable guide, the factors that influence selection of a career in public service are explored through the authors’ years of experience as leaders in public-service organizations and through interviews with other public-service professionals. Passing the Torch will be essential for leaders of nonprofit organizations, university faculty, researchers in the field of nonprofit management, and students in nonprofit management courses.
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The Passion of International Leadership
How Emotions Shape Transatlantic Cooperation
Philippe Beauregard
University of Michigan Press, 2022

How do international leaders emerge and why are they successful in bringing followers to converge on their positions? The Passion of International Leadership draws on recent advances in political psychology and state-of-the-art research in International Relations to go beyond current knowledge and simplistic accounts of international leadership. It tells surprising and intense stories of policymakers at the head of great powers attempting to cooperate during crisis moments, and uses these stories to challenge commonly held beliefs and intuitions about international leadership.

Beauregard explores international leadership in four cases of transatlantic cooperation when Western policymakers were confronted with foreign conflicts, like civil or secessionist wars. He provides a fascinating study of the recognition of Slovenia, Croatia, and Bosnia during the wars in Yugoslavia; the peace mediation during the Russia-Georgia war in 2008; the adoption of economic sanctions against Russia over the conflict in Ukraine; and finally, cooperation on striking against the Islamic State in Iraq and Syria. The book argues that leaders are driven by their convictions, and that they must strike a balance between the intense emotions associated with their beliefs and their need to represent a broader community. At the same time as they seek to bring followers on board by persuading them, they need to pay attention to emotionally contagious and resonant events that can alter the course of international cooperation.

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The Patent Crisis and How the Courts Can Solve It
Dan L. Burk and Mark A. Lemley
University of Chicago Press, 2009

Patent law is crucial to encourage technological innovation. But as the patent system currently stands, diverse industries from pharmaceuticals to software to semiconductors are all governed by the same rules even though they innovate very differently. The result is a crisis in the patent system, where patents calibrated to the needs of prescription drugs wreak havoc on information technologies and vice versa. According to Dan L. Burk and Mark A. Lemley in The Patent Crisis and How the Courts Can Solve It, courts should use the tools the patent system already gives them to treat patents in different industries differently. Industry tailoring is the only way to provide an appropriate level of incentive for each industry.

Burk and Lemley illustrate the barriers to innovation created by the catch-all standards in the current system. Legal tools already present in the patent statute, they contend, offer a solution—courts can tailor patent law, through interpretations and applications, to suit the needs of various types of businesses. The Patent Crisis and How the Courts Can Solve It will be essential reading for those seeking to understand the nexus of economics, business, and law in the twenty-first century.

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Patents, Invention, and Economic Change
Data and Selected Essays
Jacob Schmookler
Harvard University Press, 1972

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Paths toward the Modern Fiscal State
England, Japan, and China
Wenkai He
Harvard University Press, 2013

The rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations—England, Japan, and China—to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so.

Focusing on three key periods of institutional development—the decades after the English Civil Wars, the Meiji Restoration, and the Taiping Rebellion—He demonstrates how each event precipitated a collapse of the existing institutions of public finance. Facing urgent calls for revenue, each government searched for new ways to make up the shortfall. These experiments took varied forms, from new methods of taxation to new credit arrangements. Yet, while England and Japan learned from their successes and failures how to deploy the tools of modern public finance and equipped themselves to become world powers, China did not. He’s comparative historical analysis isolates the nature of the credit crisis confronting each state as the crucial factor in determining its specific trajectory. This perceptive and persuasive explanation for China’s failure at a critical moment in its history illuminates one of the most important but least understood transformations of the modern world.

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The Pawnshop in China
Yang Chao-yu; Translated by T. S. Whelan
University of Michigan Press, 1979
The Ch’ing dynasty witnessed a phenomenal rise in the number of pawnshops in China. By the early nineteenth century there were almost 25,000 of them, and pawnbroking yielded a higher rate of return on investment than did land. The Ch’ing also saw this industry in decline, its exponential growth a victim of the Taiping Rebellion and rapidly developing Shansi banks. Yet, in republican times the pawnshop was still common in city and countryside alike. Furthermore, it was to live on after Liberation. But when the People’s Bank of China opened Citizens’ Petty Loan Offices in the early 1950s in order to furnish workers and peasant with low-interest loans, and when the transformation of private enterprise occurred in 1956, the last of the pawnbrokers, holding out in urban areas such as Shanghai, were forced to close their doors, and the pawnshop ceased to exist on the mainland. Its life had spanned almost fifteen hundred years. On Taiwan, however, the institution survives—there were 750 pawnshops on the island in 1974—as it does in most overseas Chinese communities.
This volume is a translation of Yang’s Chung-kuo tien-tang yeh, which examines pawnshops during late imperial and Republican China. T. S. Whelan provides a historical introduction and critical annotations.
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Pay without Performance
The Unfulfilled Promise of Executive Compensation
Lucian Bebchuk and Jesse Fried
Harvard University Press, 2006

The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders.

Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives.

This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.

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Paying the Price
College Costs, Financial Aid, and the Betrayal of the American Dream
Sara Goldrick-Rab
University of Chicago Press, 2016
If you are a young person, and you work hard enough, you can get a college degree and set yourself on the path to a good life, right?
 
Not necessarily, says Sara Goldrick-Rab, and with Paying the Price, she shows in damning detail exactly why. Quite simply, college is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it.
 
Drawing on an unprecedented study of 3,000 young adults who entered public colleges and universities in Wisconsin in 2008 with the support of federal aid and Pell Grants, Goldrick-Rab reveals the devastating effect of these shortfalls. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that shocking data with devastating stories of six individual students, whose struggles make clear the horrifying human and financial costs of our convoluted financial aid policies.
 
America can fix this problem. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. What’s not an option, this powerful book shows, is doing nothing, and continuing to crush the college dreams of a generation of young people.
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Pedal To The Metal
The Work Life of Truckers
Lawrence J. Ouellet
Temple University Press, 1994
From this experience, Lawrence J. Ouellet has the advantage of a rare perspective and a profound understanding of the two fundamental questions he asks in this book: Why do truck drivers work so hard even when it doesn't result in more money or other material gains? and How do truckers make sense of their behavior to themselves and to the outside world? A vivid ethnography of trucking culture, Pedal to the Metal documents and analyzes truckers' lives and work ethic, exploring the range of identities truckers create for themselves—the renegade cowboy, the company man, the voyeur, the lone king of the road. To explain truckers' motivations, Ouellet examines the meaning of work and the motivation for excelling despite long, unsupervised hours on the road. He finds that their occupational pride results in extraordinary efforts on the job and, subsequently, a positive sense of self. Driving skill allows truckers to improve their hauling times, which they proudly track to the minute, and to increase their productivity and income. Truckers' knowledge of the industry's structure and the idiosyncrasies of their own company allows them to improve their ability to get and carry out assignments, to maneuver around a traditional concept of rank and seniority, and to recreate to their advantage the pervasive cultural myths that the public expects should dictate a trucker's behavior. Whether capturing the pleasure and enchantment of trucking—driving under moon-lit skies across a snow-covered mountain range—or the miseries of boredom, bad weather, and exhausting schedules, Ouellet exhibits deep appreciation and passion for his subject.
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Pennsylvania Politics and Policy
A Commonwealth Reader
J. Wesley Leckrone
Temple University Press, 2018

The activities of state governments have always been important in the American federal system. However, recent partisan gridlock in Washington, DC has placed states at the forefront of policymaking as the national government maintains the status quo. Pennsylvania Politics and Policy, Volume 1 is designed to showcase current issues of interest to Pennsylvanians. This reader contains updated chapters from recent issues of Commonwealth: A Journal of Pennsylvania Politics and Policy on education, health care, public finance, tax policy, environmental policy, alcohol policy and more. Each chapter is supplemented by forums with arguments in support of or opposed to contested elements of state policy, discussion questions, and suggestions for further reading. 

In addition, Pennsylvania Politics and Policy, Volume 1 includes a comprehensive guide to researching state government and policy online. It is designed as a text or supplement for college or advanced high school classes in American government, state and local politics, public policy, and public administration. 

Contributors include: David G. Argall, Tom Baldino, Michele Deegan, Michael Dimino, George Hale, Rachel L. Hampton , Paula Duda Holoviak Jon Hopcraft, Vera Krekanova, Maureen W. McClure, Barry G. Rabe, Marguerite Roza, Lanethea Mathews Shultz, Jennie Sweet-Cushman, Amanda Warco, and the editors.

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Pennsylvania Politics and Policy, Volume 2
A Commonwealth Reader
Edited by Michelle J. Atherton and J. Wesley Leckrone
Temple University Press, 2019

Designed to showcase current issues of interest, Pennsylvania Politics and Policy, Volume 2 isthe second reader consisting of updated chapters from recent issues of Commonwealth: A Journal of Pennsylvania Politics and Policy. The editors and contributors to this volume focus on government institutions, election laws, the judiciary, government finance and budgeting, the opioid crisis, childcare, property taxes, environmental policy, demographics, and more. Each chapter is supplemented by discussion questions, suggestions for further reading, and forums with arguments in support of or opposed to contested elements of state policy.

In addition, Pennsylvania Politics and Policy, Volume 2 includes a detailed guide to researching state government and policy online, as well as a comprehensive chapter on the structure of Pennsylvania government. It is designed as a text or supplement for college or advanced high school classes in American government, state and local politics, public policy, and public administration. 

Contributors include: John Arway, Jenna Becker Kane, Jeffrey Carroll, Bob Dick, Ashley Harden, Stefanie I. Kasparek, Vera Krekanova, Maureen W. McClure, John F. McDonald, Josh Shapiro, Marc Stier, Jennie Sweet-Cushman, James Vike, and the editors.

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Pension Plans and Employee Performance
Evidence, Analysis, and Policy
Richard A. Ippolito
University of Chicago Press, 1997
In this provocative book, Richard A. Ippolito explores the relationship between employees' preferences for certain types of pension plans and their productivity. Ippolito begins by reviewing how pensions influence workers' behavior on the job, helping employers reduce early quit rates and increase early retirement rates. In a novel contribution, Ippolito then shows how pensions can assist employers in attracting and retaining workers who have personal attributes valued by the firm.

Challenging the accepted view of defined contribution plans, such as the 401k, as merely convenient tax-deferred savings plans, Ippolito argues that these plans can help firms select and pay their best workers without expending monitoring resources. Building on his proposals for managing private pension plans, Ippolito concludes with a blueprint for fixing the social security system that would promote incentives to work and save while at the same time improving the system's financial condition.
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Pension Puzzles
Social Security and the Great Debate
Melissa Hardy
Russell Sage Foundation, 2007
The rancorous debate over the future of Social Security reached a fever pitch in 2005 when President Bush unsuccessfully proposed a plan for private retirement accounts. Although efforts to reform Social Security seem to have reached an impasse, the long-term problem—the projected Social Security deficit—remains. In Pension Puzzles, sociologists Melissa Hardy and Lawrence Hazelrigg explain for a general audience the fiscal challenges facing Social Security and explore the larger political context of the Social Security debate. Pension Puzzles cuts through the sloganeering of politicians in both parties, presenting Social Security's technical problems evenhandedly and showing how the Social Security debate is one piece of a larger political struggle. Hardy and Hazelrigg strip away the ideological baggage to explicate the basic terms and concepts needed to understand the predicament of Social Security. They compare the cases for privatizing Social Security and for preserving the program in its current form with adjustments to taxes and benefits, and they examine the different economic projections assumed by proponents of each approach. In pursuit of its privatization agenda, Hardy and Hazelrigg argue, the Bush administration has misled the public on an issue that was already widely misunderstood. The authors show how privatization proponents have relied on dubious assumptions about future rates of return to stock market investments and about the average citizen's ability to make informed investment decisions. In addition, the administration has painted the real but manageable shortfalls in Social Security revenue as a fiscal crisis. Projections of Social Security revenues and benefits by the Social Security Administration have treated revenues as fixed, when in fact they are determined by choices made by Congress. Ultimately, as Hardy and Hazelrigg point out, the clash over Social Security is about more than technical fiscal issues: it is part of the larger culture wars and the ideological struggle over what kind of social responsibilities and rights American citizens should have. This rancorous partisan wrangling, the alarmist talk about a "crisis" in Social Security, and the outright deception employed in this debate have all undermined the trust between citizens and government that is needed to restore the solvency of Social Security for future generations of retirees. Drawing together economic analyses, public opinion data, and historical narratives, Pension Puzzles is a lucid and engaging guide to the major proposals for Social Security reform. It is also an insightful exploration of what that debate reveals about American political culture in the twenty-first century. A Volume in the American Sociological Association's Rose Series in Sociology
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Pensions in the American Economy
Laurence J. Kotlikoff and Daniel E. Smith
University of Chicago Press, 1984
For anyone with an interest in pensions—workers and employers, personnel directors, accountants, actuaries, lawyers, insurance agents, financial analysts, government officials, and social scientists—this book is required reading. Now, without the aid of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors present a comprehensive description of the structural features and financial conditions of U.S. private, state, city, and municipal pension plans. The introductions to the hundreds of tables explain and  highlight the information.

The picture that emerges of the "typical" plan and its significant variations is crucial to all those with a financial stake in pensions. The reader can compare pension vesting, retirement, and benefit provisions by plan type, plan size, industry, union status, and many more characteristics. With this information, workers can evaluate just how generous their employer is; job applicants can compare fringe benefits of prospective employers; personnel directors can judge their competitive edge.

The financial community will find especially interesting the analysis of the unfunded liabilities of private, state, and local pension funds. The investment decisions of private and public pension funds and their return performances are described as well.

Government officials and social scientists will find the analysis of pension coverage, the receipt of pension income by the elderly, cost-of-living adjustments, and disability insurance of special importance in evaluating the proper degree of public intervention in the area of old age income support.

Pensions in the American Economy is comprehensive and easy to use. Every reader, from small-business owners and civil servants to pension fund specialists, will find in it essential information about this increasingly important part of labor compensation and retirement finances.
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Pensions in the Health and Retirement Study
Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai
Harvard University Press, 2010

This book presents a careful analysis of pension data collected by the Health and Retirement Study, a unique survey of people over the age of fifty conducted by the University of Michigan for the National Institute on Aging. The authors studied pensions as they evolve over individuals’ work lives and into retirement: how pension coverage and plans change over a lifetime, how many pensions workers have by the time they retire and what these pensions are worth, what pensions contribute to individual retirement incomes, and how trends and policy changes affect retirement plans.

The book focuses on the major features of pensions, including plan type and participation, ages of eligibility for retirement, values of different pension types, how pension values are influenced by retirement age, how plans are settled when a worker leaves a firm, how well people understand their pensions, the importance of pensions in retirement saving and as a share of household wealth, and the vulnerability of the retirement age population to the current financial crisis.

This book provides readers with an invaluable look at the crucial but ever-changing role of pensions in supporting retirees.

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Pensions in the U.S. Economy
Edited by Zvi Bodie, John B. Shoven, and David A. Wise
University of Chicago Press, 1988
Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view.

Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.
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Pensions, Labor, and Individual Choice
David A. Wise
University of Chicago Press, 1985
In recent years a decline in the labor force participation of older workers has combined with rapid current and projected increases in the number of older Americans, producing major policy debates over looming "crises" in social security and, to a lesser extent, in the private pension system. That private system is playing an increasing role in the support of retired workers and promises to be the subject of increasing scrutiny by economists and policymakers alike.

Previous books on private pensions have largely neglected behavioral implications of the features of pension plans. The papers in this volume, developed from material presented at a recent National Bureau of Economic Research conference, address two aspects of the relation between varieties of labor coverage and participation in the labor force. First, age at retirement may be correlated with kind of pension coverage. The papers, in fact, provide strong evidence that individual decisions about when to retire are directly influenced by pension options. Second, pension plans usually impose a high cost on workers who change jobs, which suggests that pension coverage reduces instances of job change. Pensions, Labor, and Individual Choice quantifies these correlations and proposes a conceptual framework within which to view them.
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The People’s Car
A Global History of the Volkswagen Beetle
Bernhard Rieger
Harvard University Press, 2013

At the Berlin Auto Show in 1938, Adolf Hitler presented the prototype for a small, oddly shaped, inexpensive family car that all good Aryans could enjoy. Decades later, that automobile—the Volkswagen Beetle—was one of the most beloved in the world. Bernhard Rieger examines culture and technology, politics and economics, and industrial design and advertising genius to reveal how a car commissioned by Hitler and designed by Ferdinand Porsche became an exceptional global commodity on a par with Coca-Cola.

Beyond its quality and low cost, the Beetle’s success hinged on its uncanny ability to capture the imaginations of people across nations and cultures. In West Germany, it came to stand for the postwar “economic miracle” and helped propel Europe into the age of mass motorization. In the United States, it was embraced in the suburbs, and then prized by the hippie counterculture as an antidote to suburban conformity. As its popularity waned in the First World, the Beetle crawled across Mexico and Latin America, where it symbolized a sturdy toughness necessary to thrive amid economic instability.

Drawing from a wealth of sources in multiple languages, The People’s Car presents an international cast of characters—executives and engineers, journalists and advertisers, assembly line workers and car collectors, and everyday drivers—who made the Beetle into a global icon. The Beetle’s improbable story as a failed prestige project of the Third Reich which became a world-renowned brand illuminates the multiple origins, creative adaptations, and persisting inequalities that characterized twentieth-century globalization.

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A People’s Green New Deal
Max Ajl
Pluto Press, 2021

'Hands-down the best book yet on the Green New Deal' - Jason Hickel

The idea of a Green New Deal was launched into popular consciousness by US Congressperson Alexandria Ocasio-Cortez in 2018. It has become a watchword in the current era of global climate crisis. But what - and for whom - is the Green New Deal?

In this concise and urgent book, Max Ajl provides an overview of the various mainstream Green New Deals. Critically engaging with their proponents, ideological underpinnings and limitations, he goes on to sketch out a radical alternative: a 'People's Green New Deal' committed to decommodification, working-class power, anti-imperialism and agro-ecology.

Ajl diagnoses the roots of the current socio-ecological crisis as emerging from a world-system dominated by the logics of capitalism and imperialism. Resolving this crisis, he argues, requires nothing less than an infrastructural and agricultural transformation in the Global North, and the industrial convergence between North and South. As the climate crisis deepens and the literature on the subject grows, A People's Green New Deal contributes a distinctive perspective to the debate.

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The People's Money
Pensions, Debt, and Government Services
Edited by Michael A. Pagano
University of Illinois Press, 2019
American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges. In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 UIC Urban Forum. The contributors explore fundamental questions related to measuring the fiscal health of cities, including how cities can raise revenue, the accountability of today's officials for the future financial position of a city, the legal and practical obstacles to pension reform and a balanced budget, and whether political collaboration offers an alternative to the competition that often undermines regional governance.Contributors: Jered B. Carr, Rebecca Hendrick, Martin J. Luby, David Merriman, Michael A. Pagano, David Saustad, Casey Sebetto, Michael D. Siciliano, James E. Spiotto, Gary Strong, Shu Wang, and Yonghong Wu
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Perceptions of Technological Risks and Benefits
Leroy C. Gould
Russell Sage Foundation, 1988
The election of Ronald Reagan in 1980 was said to herald a new mood of opposition to government regulation. But at the same time, large and vocal segments of the population have been demanding that corporations and regulatory agencies address public concerns about technological safety. What do we really know about people's perceptions of technological risk and their judgments about appropriate levels of technological regulation? Perceptions of Technological Risks and Benefits analyzes the results of a unique body of survey data—the only large-scale, representative survey of public attitudes about risk management in such technologies as nuclear power, handguns, auto travel, and industrial chemicals. The findings demonstrate that public judgments are not simply anti-technological or irrational, but rather the product of a complex set of factors that includes an awareness of benefits as well as a sensitivity to the "qualitative" aspects of risk (how catastrophic, dreaded, or poorly understood a hazard seems to be). This volume offers striking evidence that whatever Americans may think about government regulation in general, they are remarkably consistent in desiring stricter regulation of technological safety. These conclusions suggest that the current trend away from regulation of technology reflects a less than perfect reading of public sentiment.
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The Perfect Fit
Creative Work in the Global Shoe Industry
Claudio E. Benzecry
University of Chicago Press, 2022
The Perfect Fit shows us how globalization works through the many people and places involved in making women’s shoes.

We know a lot about how clothing and shoes are made cheaply, but very little about the process when they are made beautifully. In The Perfect Fit, Claudio E. Benzecry looks at the craft that goes into designing shoes for women in the US market, revealing that this creative process takes place on a global scale. Based on unprecedented behind-the-scenes access, The Perfect Fit offers an ethnographic window into the day-to-day life of designers, fit models, and technicians as they put together samples and prototypes, showing how expert work is a complement to and a necessary condition for factory exploitation.

Benzecry looks at the decisions and constraints behind how shoes are designed and developed, from initial inspiration to the mundane work of making sure a size seven stays constant. In doing so, he also fosters an original understanding of how globalization works from the ground up. Drawing on five years of research in New York, China, and Brazil, The Perfect Fit reveals how creative decisions are made, the kinds of expertise involved, and the almost impossible task of keeping the global supply chain humming.
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front cover of The Perils of Prosperity, 1914-1932
The Perils of Prosperity, 1914-1932
William E. Leuchtenburg
University of Chicago Press, 1993
Beginning with Woodrow Wilson and U.S. entry into World War I and closing with the Great Depression, The Perils of Prosperity traces the transformation of America from an agrarian, moralistic, isolationist nation into a liberal, industrialized power involved in foreign affairs in spite of itself.

William E. Leuchtenburg's lively yet balanced account of this hotly debated era in American history has been a standard text for many years. This substantial revision gives greater weight to the roles of women and minorities in the great changes of the era and adds new insights into literature, the arts, and technology in daily life. He has also updated the lists of important dates and resources for further reading.

“This book gives us a rare opportunity to enjoy the matured interpretation of an American Historian who has returned to the story and seen how recent decades have added meaning and vividness to this epoch of our history.”—Daniel J. Boorstin, from the Preface
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Perspectives on the Economics of Aging
Edited by David A. Wise
University of Chicago Press, 2004
This book investigates several important issues in the economics of aging, including the accumulation of wealth and the relationship between health and financial prosperity.

Examining the changes in savings behavior and investment priorities in the United States over the past few decades, contributors to the volume point to a dramatic shift from employer-managed, defined benefit pensions to employee-controlled retirement savings plans. Further, the legislative reforms of the 1980s and the booming stock market of the 1990s did their share to influence individual wealth accumulation patterns of Americans.

These studies also explore the relationship between health status and economic status. Considering issues like pension income and health, mortality, and medical care, contributors present evidence from the United States, Britain, South Africa, and Russia. The volume culminates with wide-ranging discussions on a number of key topics in the field including the innovations that have contributed to a decline in mortality rates; the various medical advances that have benefited populations over time; and the determinants of expenditures on health. The findings with regard to cross-sectional differences in health outcomes and health care utilization also pose troubling questions for policymakers seeking to democratize health care across regions and races.
[more]

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Perspectives on Trade and Development
Anne O. Krueger
University of Chicago Press, 1990
Developing countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War.

Providing an important and original perspective for understanding both the development process and policies aimed at raising the standard of living in poorer nations, Perspectives on Trade and Development gathers sixteen of Anne O. Krueger's most important essays on international trade and development economics. Her essays discuss the relationships between trade strategies and development; the links between factor endowments, developing countries' policies, and trade strategies in terms of their growth; the role of economic policy in development; and the international economic environment in which development efforts are taking place. Her analyses are extended to trade and development policies generally, and account for a substantial part of the residue unexplained by past theories. This insightful contribution by an influential scholar will be essential reading for all scholars of trade and development.
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Peru and the International Monetary Fund
Thomas Scheetz
University of Pittsburgh Press, 1986
Thomas Scheetz shows that the Internationaly Monetary Fund’s approach in 1980s Peru did not addresses the roots of debt and financial crisis, but instead has instituted inadequate stopgap policies, which have caused great inequities because of incorrect or biased assumptions. He argues that policies to eliminate “excess demand” in fact harm the poor, and the support the rich.
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Peruvian Street Lives
Culture, Power, and Economy among Market Women of Cuzco
Linda J. Seligmann
University of Illinois Press, 2004
For more than twenty years, Linda J. Seligmann walked the streets of Peru in city and countryside alike, talking to the women who work in the informal and open-air markets in Cuzco's Andean highlands. Her combination of ethnographic analysis, insightful and human vignettes, and superb photographs offers a humane yet incisive portrait of the women's lives against the backdrop of globalization and other powerful forces.

In Peruvian Street Lives, Seligmann argues that the sometimes invisible and informal economic, social, and political networks market women establish may appear disorderly and chaotic, but in fact often keep dysfunctional economies and corrupt bureaucracies from utterly destroying the ability of citizens to survive from day to day. Seligmann asks why the constructive efforts of market women to make a living provoke such negative social perceptions from some members of Peruvian society, who see them as symbols and actual catalysts of social disorder. At the same time, Seligmann shows how market women eke out a living, combat discrimination, and transgress racial and gender ideologies within the rich and expressive cultural traditions they have developed.

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Pervasive Prejudice?
Unconventional Evidence of Race and Gender Discrimination
Ian Ayres
University of Chicago Press, 2001
If you're a woman and you shop for a new car, will you really get the best deal? If you're a man, will you fare better? If you're a black man waiting to receive an organ transplant, will you have to wait longer than a white man?

In Pervasive Prejudice? Ian Ayres confronts these questions and more. In a series of important studies he finds overwhelming evidence that in a variety of markets—retail car sales, bail bonding, kidney transplantation, and FCC licensing—blacks and females are consistently at a disadvantage. For example, when Ayres sent out agents of different races and genders posing as potential buyers to more than 200 car dealerships in Chicago, he found that dealers regularly charged blacks and women more than they charged white men. Other tests revealed that it is commonly more difficult for blacks than whites to receive a kidney transplant because of federal regulations. Moreover, Ayres found that minority male defendants are frequently required to post higher bail bonds than their Caucasian counterparts.

Traditional economic theory predicts that free markets should drive out discrimination, but Ayres's startling findings challenge that position. Along with empirical research, Ayres offers game—theoretic and other economic methodologies to show how prejudice can enter the bargaining process even when participants are supposedly acting as rational economic agents. He also responds to critics of his previously published studies included here. These studies suggest that race and gender discrimination is neither a thing of the past nor merely limited to the handful of markets that have been the traditional focus of civil rights laws.
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Perverse Subsidies
How Misused Tax Dollars Harm The Environment And The Economy
Norman Myers and Jennifer Kent
Island Press, 2001
Much of the global economy depends upon large-scale government intervention in the form of subsidies, both direct and indirect, to support specific industries or economic sectors. Distressingly, many of these subsidies can be characterized as “perverse” -- rather than helping society achieve a desired goal, they work in the opposite direction, causing damage to both our economies and our environments. Worldwide subsidies have long been thought to total $2 trillion per year, but until now, no attempt has been made to determine what proportion of that actually subverts the public interest.In Perverse Subsidies, leading environmental analyst Norman Myers takes a detailed look at the subject, offering a comprehensive view of subsidies worldwide with a particular focus on the extent, causes, and consequences of perverse subsidies. He defines many different kinds of subsidies, from tax incentives to government handouts, and considers their wide-ranging impacts, as he: examines the role of subsidies in policymaking quantifies the direct costs of perverse subsidies examines the major subsidies in agriculture, energy, road transportation, water, fisheries, and forestry considers the environmental effects of those subsidies offers policy advice and specific recommendations for eliminating harmful subsidies .The book provides a valuable framework for evaluation of perverse subsidies, and offers a dramatic illustration of the scale and dimensions of the problem. It will be the standard reference on those subsidies for government reform advocates, policy analysts, and environmentalists, as well as for scholars and students interested in the interactions between policymaking and environmental issues.
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Petrochemical Fantasies
The Art and Energy of American Comics
Daniel Worden
The Ohio State University Press, 2024

In Petrochemical Fantasies, Daniel Worden reveals the entwined history of comics and fossil fuels in the United States. From the 1840s to the present, comics have depicted the power, pollution, and rapid expansion of energy systems—especially the explosive growth of coal and oil. In the 1930s, some of the first comic books were the gas station giveaways Gulf Funny Weekly and Standard Oil Comics. And in recent years, comics have become one of the major sites for visualizing life after oil, a striking reversal of the medium’s early boosterism.

Surveying the work of acclaimed artists such as Nell Brinkley, George Herriman, Jack Kirby, Winsor McCay, and R. F. Outcault and recovering little-known works, Worden advances a new history of American comics in the Anthropocene. From late nineteenth- and early twentieth-century editorial cartoons and superhero comics that visualize our modern energy culture to contemporary comics grappling with climate crises, Petrochemical Fantasies places comics, environmental humanities, and energy studies in conversation with each other to unearth the crucial but overlooked history of comics’ place in US energy culture.

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Philanthropic Foundations in Latin America
Ann Stromberg
Russell Sage Foundation, 1956
Provides a directory of the rapidly expanding philanthropic foundations in Latin America, identifying over 750 foundations and presenting detailed information on 364 of them. In addition, the directory contains an introduction that analyzes historical data on Latin American foundations, a country-by-country summary of legal processes regarding foundations and pertinent tax laws, two essays by North and South American foundation presidents discussing the organization and management of private foundations, and an appendix with models of bylaws and financial statements of Latin American foundations.
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Philanthropic Giving
Frank Emerson Andrews
Russell Sage Foundation, 1950
This book presents and informing picture of giving in the United States. It glances briefly at the history of philanthropy, including the growth in government services, but its emphasis is on recent changes and the special opportunities of today. It offers estimates of giving, as to amounts, sources, and benefiting agencies, believed to be more comprehensive than are elsewhere available. It includes a discussion of legal and tax aspects of philanthropy.
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Philanthropy and the Business Corporation
Marion R. Fremont-Smith
Russell Sage Foundation, 1972
Attempts to study corporation philanthropy inevitably prove frustrating, for it is a subject surrounded by rhetoric and almost entirely devoid of hard facts. Marion R. Fremont-Smith's concise appraisal of corporation philanthropy takes a close look at the donative policies of corporations and their methods of giving. Concentrating on the legal and historical setting, as well as corporation philanthropy in practice, the author analyzes recent expansion in the field of traditional philanthropy and the accompanying shift in public attitude toward the responsibility of business corporations. The book shows how this new attitude has brought with it a reappraisal of the philosophical and legal bases for corporate action in the social sphere. In conclusion, Mrs. Fremont-Smith calls for a more imaginative and independent definition of the objectives of corporate philanthropic policies and not merely a continuing series of ill-considered defensive reactions.
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Philanthropy in Democratic Societies
History, Institutions, Values
Edited by Rob Reich, Chiara Cordelli, and Lucy Bernholz
University of Chicago Press, 2016
Philanthropy is everywhere. In 2013, in the United States alone, some $330 billion was recorded in giving, from large donations by the wealthy all the way down to informal giving circles. We tend to think of philanthropy as unequivocally good, but as the contributors to this book show, philanthropy is also an exercise of power. And like all forms of power, especially in a democratic society, it deserves scrutiny. Yet it rarely has been given serious attention. This book fills that gap, bringing together expert philosophers, sociologists, political scientists, historians, and legal scholars to ask fundamental and pressing questions about philanthropy’s role in democratic societies.
           
The contributors balance empirical and normative approaches, exploring both the roles philanthropy has actually played in societies and the roles it should play. They ask a multitude of questions: When is philanthropy good or bad for democracy? How does, and should, philanthropic power interact with expectations of equal citizenship and democratic political voice? What makes the exercise of philanthropic power legitimate? What forms of private activity in the public interest should democracy promote, and what forms should it resist? Examining these and many other topics, the contributors offer a vital assessment of philanthropy at a time when its power to affect public outcomes has never been greater. 
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A Philosopher's Economist
Hume and the Rise of Capitalism
Margaret Schabas and Carl Wennerlind
University of Chicago Press, 2020
Reconsiders the centrality and legacy of Hume’s economic thought and serves as an important springboard for reflections on the philosophical underpinnings of economics.

Although David Hume’s contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher’s Economist offers the definitive account of Hume’s “worldly philosophy” and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance.  Hume’s astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise standards of living, promote peaceful relations, and foster moral refinement, Hume was not an unqualified enthusiast. He recognized many of the underlying injustices of capitalism, its tendencies to promote avarice and inequality, as well as its potential for political instability and absolutism.
 
Hume’s imprint on modern economics is profound and far-reaching, whether through his close friend Adam Smith or later admirers such as John Maynard Keynes and Friedrich Hayek. Schabas and Wennerlind’s book compels us to reconsider the centrality and legacy of Hume’s economic thought—for both his time and ours—and thus serves as an important springboard for reflections on the philosophical underpinnings of economics.
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Pikachu's Global Adventure
The Rise and Fall of Pokemon
Joseph Tobin, ed.
Duke University Press, 2004
Initially developed in Japan by Nintendo as a computer game, Pokémon swept the globe in the late 1990s. Based on a narrative in which a group of children capture, train, and do battle with over a hundred imaginary creatures, Pokémon quickly diversified into an array of popular products including comic books, a TV show, movies, trading cards, stickers, toys, and clothing. Pokémon eventually became the top grossing children's product of all time. Yet the phenomenon fizzled as quickly as it had ignited. By 2002, the Pokémon craze was mostly over. Pikachu’s Global Adventure describes the spectacular, complex, and unpredictable rise and fall of Pokémon in countries around the world.

In analyzing the popularity of Pokémon, this innovative volume addresses core debates about the globalization of popular culture and about children’s consumption of mass-produced culture. Topics explored include the origins of Pokémon in Japan’s valorization of cuteness and traditions of insect collecting and anime; the efforts of Japanese producers and American marketers to localize it for foreign markets by muting its sex, violence, moral ambiguity, and general feeling of Japaneseness; debates about children’s vulnerability versus agency as consumers; and the contentious question of Pokémon’s educational value and place in school. The contributors include teachers as well as scholars from the fields of anthropology, media studies, sociology, and education. Tracking the reception of Pokémon in Japan, the United States, Great Britain, France, and Israel, they emphasize its significance as the first Japanese cultural product to enjoy substantial worldwide success and challenge western dominance in the global production and circulation of cultural goods.

Contributors. Anne Allison, Linda-Renée Bloch, Helen Bromley, Gilles Brougere, David Buckingham, Koichi Iwabuchi, Hirofumi Katsuno, Dafna Lemish, Jeffrey Maret, Julian Sefton-Green, Joseph Tobin, Samuel Tobin, Rebekah Willet, Christine Yano

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Pioneering Minds Worldwide
On the Entrepreneurial Principles of the Cultural and Creative Industries
Edited by Giep Hagoort, Aukje Thomassen, and Rene Kooyman
Eburon Academic Publishers, 2012
Even after the recent economic crisis, cultural and creative industries are still able to easily draw audience members and consumers, as well as new talent to enrich these fields. Exploring the topic from economic, artistic, and policymaking perspectives, Pioneering Minds Worldwide is an interdisciplinary approach to these trades on a global scale, while making an important distinction between the cultural sector—products that are consumed on the spot, such as concerts or dance performances—and the creative sector, which generates artistic products that we have a protracted interaction with, i.e. design, architecture, and advertising. The authors of these highly informative essays offer new concepts and viewpoints on the entrepreneurial dimension of the cultural and creative industries in sixteen countries and explore how urban area development, new technological innovations, and education all influence these continually expanding industries.

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Pioneers for Profit
Foreign Entrepreneurship and Russian Industrialization, 1885-1913
John P. McKay
University of Chicago Press, 1970
Foreign investment increased from 17 percent of the capital of industrial corporations in Imperial Russia in 1880 to 47 percent in 1914, coinciding with the rapid development of Russian industrialization before World War I. John McKay's study, based largely on intensive research in numerous archives and utilizing many previously unexplored private business records, is the first detailed analysis of the impact of foreign enterprise on Russian industry during this period. His conclusions are significant for historians, economists, and those interested in the development of modern industrial society.
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Pious Property
Islamic Mortgages in the United States
Bill Maurer
Russell Sage Foundation, 2006
Owning a home has always been central to the American dream. For the more than one million Muslims in the United States, this is no exception. However, the Qur'an forbids the payment of interest, which places conventional home financing out of reach for observant Muslims. To meet the growing Muslim demand for home purchases, a market for home financing that would be halal, or permissible under Islamic law, has emerged. In Pious Property, anthropologist William Maurer profiles the emergence of this new religiously based financial service and explores the ways it reflects the influence of Muslim practices on American economic life and vice versa. Pious Property charts the development of Islamic mortgages in America, starting with Islamic interpretations of the prohibition against riba—literally translated as "increase" but interpreted as "usury" or "interest." Maurer then explores the different practices that have emerged as permissible options for Islamic homebuyers—such as lease-to-own arrangements, profit-loss sharing, and cost-plus contracts—and explains how they have gained acceptance in the Islamic community by relying on payment schemes that avoid standard interest rate payments. Using interviews with Muslim homebuyers and financiers, and in-depth analysis of two companies that provide mortgage alternatives to Muslims, Maurer discovers an interesting paradox: progressive Muslims tend to use financial contracts that seemingly comply better with the prohibition against interest, while traditional Muslims seem more inclined to take on financing very similar to interest-based mortgages. Maurer finds that Muslims make their decisions about using Islamic mortgage alternatives based not only on the views of religious scholars, but also on their conceptions of how business is supposed to be conducted in America. While one form of Islamic financing is seemingly more congruent with the prohibition against riba, the other exhibits more of the qualities of American mortgages—anonymity and standardized forms. The appearance that an Islamic financing instrument is legal and professional leaves many Muslim homebuyers with the impression that it is halal, revealing the influence of American capitalism on Muslim Americans' understanding of their religious rules. The market for halal financial products exists at the intersection of American and Islamic culture and is emblematic of the way that, for centuries, America's newcomers have adapted to and changed the fabric of American life. In Pious Property, William Maurer explores this rapidly growing economic phenomenon with historical perspective and scholarly insight.
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Planet Work
Rethinking Labor and Leisure in the Anthropocene
Ryan Hediger
Bucknell University Press, 2023
Labor and labor norms orient much of contemporary life, organizing our days and years and driving planetary environmental change. Yet, labor, as a foundational set of values and practices, has not been sufficiently interrogated in the context of the environmental humanities for its profound role in climate change and other crises. This collection of essays demonstrates the urgent need to rethink models and customs of labor and leisure in the Anthropocene. Recognizing the grave traumas and hazards plaguing planet Earth, contributors expose fundamental flaws in ideas of work and search for ways to redirect cultures toward more sustainable modes of life. These essays evaluate Anthropocene frames of interpretation, dramatize problems and potentials in regimes of labor, and explore leisure practices such as walking and storytelling as modes of recasting life, while a coda advocates reviving notions of work as craft.
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Planning Armageddon
British Economic Warfare and the First World War
Nicholas A. Lambert
Harvard University Press, 2012

Before the First World War, the British Admiralty conceived a plan to win rapid victory in the event of war with Germany-economic warfare on an unprecedented scale.This secret strategy called for the state to exploit Britain's effective monopolies in banking, communications, and shipping-the essential infrastructure underpinning global trade-to create a controlled implosion of the world economic system.

In this revisionist account, Nicholas Lambert shows in lively detail how naval planners persuaded the British political leadership that systematic disruption of the global economy could bring about German military paralysis. After the outbreak of hostilities, the government shied away from full implementation upon realizing the extent of likely collateral damage-political, social, economic, and diplomatic-to both Britain and neutral countries. Woodrow Wilson in particular bristled at British restrictions on trade. A new, less disruptive approach to economic coercion was hastily improvised. The result was the blockade, ostensibly intended to starve Germany. It proved largely ineffective because of the massive political influence of economic interests on national ambitions and the continued interdependencies of all countries upon the smooth functioning of the global trading system.

Lambert's interpretation entirely overturns the conventional understanding of British strategy in the early part of the First World War and underscores the importance in any analysis of strategic policy of understanding Clausewitz's "political conditions of war."

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Planning the Oregon Way
A 20-Year Evaluation
Carl Abbott
Oregon State University Press, 1994

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Plantation Enterprise in Colonial South Carolina
S. Max Edelson
Harvard University Press, 2011

This impressive scholarly debut deftly reinterprets one of America's oldest symbols--the southern slave plantation. S. Max Edelson examines the relationships between planters, slaves, and the natural world they colonized to create the Carolina Lowcountry.

European settlers came to South Carolina in 1670 determined to possess an abundant wilderness. Over the course of a century, they settled highly adaptive rice and indigo plantations across a vast coastal plain. Forcing slaves to turn swampy wastelands into productive fields and to channel surging waters into elaborate irrigation systems, planters initiated a stunning economic transformation.

The result, Edelson reveals, was two interdependent plantation worlds. A rough rice frontier became a place of unremitting field labor. With the profits, planters made Charleston and its hinterland into a refined, diversified place to live. From urban townhouses and rural retreats, they ran multiple-plantation enterprises, looking to England for affirmation as agriculturists, gentlemen, and stakeholders in Britain's American empire. Offering a new vision of the Old South that was far from static, Edelson reveals the plantations of early South Carolina to have been dynamic instruments behind an expansive process of colonization.

With a bold interdisciplinary approach, Plantation Enterprise reconstructs the environmental, economic, and cultural changes that made the Carolina Lowcountry one of the most prosperous and repressive regions in the Atlantic world.

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Plantation Goods
A Material History of American Slavery
Seth Rockman
University of Chicago Press
An eye-opening rethinking of nineteenth-century American history that reveals the interdependence of the Northern industrial economy and Southern slave labor.

The industrializing North and the agricultural South—that’s how we have been taught to think about the United States in the early nineteenth century. But in doing so, we overlook the economic ties that held the nation together before the Civil War. We miss slavery’s long reach into small New England communities, just as we fail to see the role of Northern manufacturing in shaping the terrain of human bondage in the South. Using plantation goods—the shirts, hats, hoes, shovels, shoes, axes, and whips made in the North for use in the South—historian Seth Rockman locates the biggest stories in American history in the everyday objects that stitched together the lives and livelihoods of Americans—white and Black, male and female, enslaved and free—across an expanding nation.
 
By following the stories of material objects, such as shoes made by Massachusetts farm women that found their way to the feet of a Mississippi slave, Rockman reveals a national economy organized by slavery—a slavery that outsourced the production of its supplies to the North, and a North that outsourced its slavery to the South. Melding business and labor history through powerful storytelling, Plantation Goods brings northern industrialists, southern slaveholders, enslaved field hands, and paid factory laborers into the same picture. In one part of the country, entrepreneurs envisioned fortunes to be made from “planter’s hoes” and rural women spent their days weaving “negro cloth” and assembling “slave brogans.” In another, enslaved people actively consumed textiles and tools imported from the North to contest their bondage. In between, merchants, marketers, storekeepers, and debt collectors lay claim to the profits of a thriving interregional trade.
 
Examining producers and consumers linked in economic and moral relationships across great geographic and political distances, Plantation Goods explores how people in the nineteenth century thought about complicity with slavery while showing how slavery structured life nationwide and established a modern world of entrepreneurship and exploitation. Rockman brings together lines of American history that have for too long been told separately, as slavery and capitalism converge in something as deceptively ordinary as a humble pair of shoes.
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Plastics
America's Packaging Dilemma
Nancy Wolf and Ellen Feldman
Island Press, 1991

Plastics explains what plastics are, how they are made, how they are used, and the problems and opportunities they bring.

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The Platform Company
The Art of Resilient Strategy: A Guide for Leaders Inspired by Nature's Competition
Jan-Jacob Koomen
Amsterdam University Press, 2023
The Platform Company will help you tackle your organization's key strategic challenges with out-of-the box concepts based on solid principles from game theory and ecology. Building blocks are introduced in an easy-to-read story of an executive on safari and translated into practical steps and methods. The book addresses the key challenges confronting any organization, such as branding, sales channels, innovation, supply chain, strategy formation, leadership, and purpose.
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Platform Socialism
How to Reclaim our Digital Future from Big Tech
James Muldoon
Pluto Press, 2022
Whoever controls the platforms, controls the future. Platform Socialism sets out an alternative vision and concrete proposals for a digital economy that expands our freedom.

Powerful tech companies now own the digital infrastructure of twenty-first century social life. Masquerading as global community builders, these companies have developed sophisticated new techniques for extracting wealth from their users.

James Muldoon shows how grassroots communities and transnational social movements can take back control from Big Tech. He reframes the technology debate and proposes a host of new ideas, from the local to the international, for how we can reclaim the emancipatory possibilities of digital platforms. Drawing on sources from forgotten histories to contemporary prototypes, he proposes an alternative system and charts a roadmap for how we can get there.
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Play to Submission
Gaming Capitalism in a Tech Firm
Tongyu Wu
Temple University Press, 2024
Games are often a fun perk of a tech company job, and employees can “play to win” in the competition to succeed. But in studying “Behemoth” (a pseudonym for a top American tech company), Tongyu Wu discovered that gaming work culture was far more insidious.

Play to Submission shows how Behemoth’s games undermined and manipulated workers. They lost their work-life balance and the constant competition made labor organizing difficult. Nonetheless, many workers embraced management’s games as a chance to show off their “gamer” identities and create a workplace culture with privileged insiders and exiled outsiders, with female and migrant workers usually in the latter group. Moreover, Wu indicates this may be the future of work for high- and low-skilled and, creative workers in an environment where capitalists have heightened demands for technology and creativity.

Drawing from 13 months of ethnographic work, Wu presents a persistent reality in which the company reaps the reward of surplus productivity, leaving employees themselves in a highly competitive and sometimes precarious work position.
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Playing the Percentages
How Film Distribution Made the Hollywood Studio System
Derek Long
University of Texas Press, 2024

A history of film distribution in the United States from the 1910s to the 1930s, concentrating on booking, circuiting, and packaging marketing practices.

Told not as a “golden age” narrative of films, stars, or individual studios but as an economic history of the industry’s film distribution practices, Playing the Percentages is the story of how Hollywood’s vertically integrated studio system came to be. Studying the history of distribution during the growth of Hollywood, Derek Long makes a case for the domination of the studio system as the result of struggles over distribution practices.

Through a combination of archival research, critical surveys of the film industry trade press, and economic analysis, Long uncovers a complex and ever-shifting system of wrangling between distributors and exhibitors. Challenging the overemphasis within scholarship on “block booking” as a monolithic distribution mode, and attending to distribution practices beyond simple circulation, Long highlights the crucial changes in film distribution brought about by live theater, the rise of features, and the transition to sound. Playing the Percentages is a comprehensive history of film distribution in the United States during the silent era that illustrates the importance of power struggles between distributors and exhibitors over booking, pricing, and playing time.

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Playing with History
American Identities and Children’s Consumer Culture
Molly Rosner
Rutgers University Press, 2021
Since the advent of the American toy industry, children’s cultural products have attempted to teach and sell ideas of American identity. By examining cultural products geared towards teaching children American history, Playing With History highlights the changes and constancies in depictions of the American story and ideals of citizenship over the last one hundred years. This book examines political and ideological messages sold to children throughout the twentieth century, tracing the messages conveyed by racist toy banks, early governmental interventions meant to protect the toy industry, influences and pressures surrounding Cold War stories of the western frontier, the fractures visible in the American story at a mid-century history themed amusement park. The study culminates in a look at the successes and limitations of the American Girl Company empire.
 
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The Plow, the Hammer, and the Knout
An Economic History of Eighteenth-Century Russia
Arcadius Kahan
University of Chicago Press, 1985
In this extraordinary rich and subtle work, Arcadius Kahan analyzes a massive collection of documents which revise traditional interpretations of eighteenth-century Russian economic history. Kahan stresses economic rationality in the context of social constraints, offering the fullest and most convincing explanation yet of the economic foundations of Russia's power. He shows that what have been taken as major failings in the Russian economy were in fact resourceful and even ingenious methods of circumventing deeply rooted structural obstacles to change. Kahan also escapes two extremes that have bedeviled Russian historians since the nineteenth century: he avoids depicting the state as an autonomous structure that acted with impunity upon a passive society, and he refutes the notion of the state as a mere instrument for advancing selfish class interests.
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Plowman's Folly and A Second Look
Edward H. Faulkner; Introduction by Paul B. Sears
Island Press, 1987
As the ruinous Dust Bowl settled in the early 1940s, agronomist Edward Faulkner dropped what Nature magazine termed "an agricultural bombshell" when he blamed the then universally used moldboard plow for disastrous pillage of the soil. Faulkner's assault on the orthodoxy of his day will stimulate today's farmers to seek out fresh solutions to the problems that plague modern American agriculture. Plowman's Folly is bound together here with its companion volume A Second Look.
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PMP Certification
A Beginner's Guide, Fourth Edition
George G. Angel
University Press of Colorado, 2023
Project management is in everything we do, from our personal lives to our professional careers. It is the fastest-growing profession in the world, and the skills learned in this book can be used for any sort of project, large or small: setting up a small business; planning a wedding, family vacation, company picnic, or other event; and organizing projects of any scale.

This beginner’s guide will teach you real-world project management skills for any project and will help prepare you to become a certified Project Management Professional (PMP) or Certified Associate Project Manager (CAPM).

This fourth edition provides up-to-date information on how to effectively manage projects, programs, and portfolios to achieve organizational success. It includes tips and sample questions at the end of each chapter as well as a mock exam to help prepare you for the Project Management Institute (PMI) certification exams.

This text follows the three PMI domains: People, Business Environment, and Processes. A case study with detailed real-world examples, sample templates, and actual project documents guides you through your own projects, from charter to close, using all five project groups (initiating, planning, executing, monitoring and controlling, and closing projects).

This edition takes the standard processes and framework for traditional projects introduced in PMI’s sixth edition Project Management Body of Knowledge (PMBOK) and adds the new focus on Agile (adaptive) project management methods, tools, and techniques in PMBOK’s seventh edition to enhance your knowledge and ability to handle a wide range of projects.
 
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PMP Certification
A Beginner's Guide, Third Edition
George G. Angel
University Press of Colorado, 2017

This accessible guide bridges the gap between being a project manager and becoming a globally recognized Project Management Professional (PMP). Aligned with A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition, this book explains the Project Management Institute’s worldwide standard methods, five process groups, ten knowledge areas, and forty-nine processes and includes many tips to help prepare for the latest PMP exam.

Angel includes proven strategies for improving project efficiency and effectiveness, balancing constraints, communicating timely and accurate project status, and successfully bringing a project to completion. Real-world case studies followed throughout the book provide examples, checklists, and proven project results. Designed for easy learning, the book contains chapter-opening lists of specific skills covered in the chapter, Q&A sections filled with bonus information and helpful tips, real-world experiences that show how to apply particular skills, and reminders to help in preparation for the PMP exam.

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Point of Sale
Analyzing Media Retail
Daniel Herbert
Rutgers University Press, 2020
Point of Sale offers the first significant attempt to center media retail as a vital component in the study of popular culture.  It brings together fifteen essays by top media scholars with their fingers on the pulse of both the changes that foreground retail in a digital age and the history that has made retail a fundamental part of the culture industries.  The book reveals why retail matters as a site of transactional significance to industries as well as a crucial locus of meaning and interactional participation for consumers. In addition to examining how industries connect books, DVDs, video games, lifestyle products, toys, and more to consumers, it also interrogates the changes in media circulation driven by the collision of digital platforms with existing retail institutions.  By grappling with the contexts in which we buy media, Point of Sale uncovers the underlying tensions that define the contemporary culture industries. 
 
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Polarizing Development
Alternatives to Neoliberalism and the Crisis
Edited by Lucia Pradella and Thomas Marois
Pluto Press, 2015

The global economic crisis has exposed the limits of neoliberalism and dramatically deepened social polarization. Yet, despite increasing social resistance and opposition, neoliberalism prevails globally.

Radical alternatives, moreover, are only rarely debated. And if they are, such alternatives are reduced to new Keynesian and new developmental agendas, which fail to address existing class divisions and imperialist relations of domination.

This collection of essays polarizes the debate between radical and reformist alternatives by exploring head-on the antagonistic structure of capitalist development. The contributors ground their proposals in an international, non-Eurocentric and Marxian inspired analysis of capitalism and its crises. From Latin America to Asia, Africa to the Middle East and Europe to the US, social and labour movements have emerged as the protagonists behind creating alternatives.

This book’s new generation of scholars has written accessible yet theoretically informed and empirically rich chapters elaborating radical worldwide strategies for moving beyond neoliberalism, and beyond capitalism. The intent is to provoke critical reflection and positive action towards substantive change.

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Policy Reform in American Agriculture
Analysis and Prognosis
David Orden, Robert Paarlberg, and Terry Roe
University of Chicago Press, 1999
Despite substantial transformations in American agriculture, farm program spending remains a closely guarded prerogative of United States agricultural policy. Policy Reform in American Agriculture examines both the history of farm subsidies and the contemporary relevance of traditional farm programs to today's agricultural industries.

This work analyzes the mixed performance of past agricultural support programs, reviews the current debate concerning farm policies, and critically assesses the often staunch political resistance to much-needed policy reforms. Casting a keen eye toward the most recent developments on both national and international fronts, the authors consider the ramifications of the 1996 Federal Agriculture Improvement and Reform (FAIR) Act as well as multilateral efforts to gain agricultural reform during the Uruguay Round of GATT. Their prognosis hinges upon both the continued growth and competitiveness of the world market and, perhaps more importantly, the ongoing commitment of congressional reform advocates.


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Policy Responses to the Globalization of American Banking
Peter Dombrowski
University of Pittsburgh Press, 1996

Since the late 1950s the world's banks have expanded their global operations, with US institutions leading the way. As the recent global economic crisis shows, actions of private bankers can threaten capital markets, weaken national regulatory systems, and strain international cooperation-seriously endangering the world economy and the interests of nation states. 

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Political Arithmetic
Simon Kuznets and the Empirical Tradition in Economics
Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte
University of Chicago Press, 2013
We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy.

With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making.

The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.

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Political Business Cycles
The Political Economy of Money, Inflation, and Unemployment
Thomas D. Willett, ed.
Duke University Press, 1988
The "political business cycle", according to economist William Nordhaus, creates a situation in which political and bureaucratic incentives create artificial economic booms just before elections, with consequent and deleterious side effects after the ballots are counted. This work examines the issue of whether federal governmental structure inevitably leaves the U.S. economy exposed to unhealthy political influences.
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Political Competition
Theory and Applications
John E. Roemer
Harvard University Press, 2001

In this book, John Roemer presents a unified and rigorous theory of political competition between parties. He models the theory under many specifications, including whether parties are policy oriented or oriented toward winning, whether they are certain or uncertain about voter preferences, and whether the policy space is uni- or multidimensional. He examines all eight possible combinations of these choice assumptions, and characterizes their equilibria.

He fleshes out a model in which each party is composed of three different factions concerned with winning, with policy, and with publicity. Parties compete with one another. When internal bargaining is combined with external competition, a natural equilibrium emerges, which Roemer calls party-unanimity Nash equilibrium.

Assuming only the distribution of voter preferences and the endowments of the population, he deduces the nature of the parties that will form. He then applies the theory to several empirical puzzles, including income distribution, patterns of electoral success, and why there is no labor party in the United States.

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The Political Economy of American Trade Policy
Edited by Anne O. Krueger
University of Chicago Press, 1995
Exploring the political and economic determinants of trade protection, this study provides a wealth of information on key American industries and documents the process of seeking and conferring protection.

Eight analytical histories of the automobile, steel, semiconductor, lumber, wheat, and textile and apparel industries demonstrate that trade barriers rarely have unequivocal benefits and may be counterproductive. They show that criteria for awarding protection do not take into account the interests of consumers or other industries and that political influence and an organized lobby are major sources of protection.

Based on these findings, a final essay suggests that current policy fails to consider adequately economic efficiency, the public good, and indirect negative effects. This volume will interest scholars in economics, business, and public policy who deal with trade issues.
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The Political Economy of Development
The World Bank, Neoliberalism and Development Research
Edited by Kate Bayliss, Ben Fine, and Elisa Van Waeyenberge
Pluto Press, 2011

Any student, academic or practitioner wanting to succeed in development studies, radical or mainstream, must understand the World Bank's role and the evolution of its thinking and activities. The Political Economy of Development provides tools for gaining this understanding and applies them across a range of topics.

The research, practice and scholarship of development are always set against the backdrop of the World Bank, whose formidable presence shapes both development practice and thinking. This book brings together academics that specialise in different subject areas of development and reviews their findings in the context of the World Bank as knowledge bank, policy-maker and financial institution. The volume offers a compelling contribution to our understanding of development studies and of development itself.

The Political Economy of Development is an invaluable critical resource for students, policy-makers and activists in development studies.

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The Political Economy of Distributism
Property, Liberty, and the Common Good
Alexander William Salter
Catholic University of America Press, 2023
In recent years, prominent scholars, public intellectuals, and politicians have advocated reforming America’s economic model to embrace “common-good capitalism.” Catholic social teaching is a major influence on this movement. Is common-good capitalism compatible with the historical American commitments to private property rights and ordered liberty? What resources from Catholic social teaching can help orient free enterprise towards the common good? This book is the first scholarly inquiry into these exciting new questions. We can better understand common-good capitalism by exploring the political economy of distributism. Formulated in the early 20th century by prominent Catholic intellectuals such as Hilaire Belloc and G.K. Chesterton, distributism emphasizes the importance of widely dispersed property ownership for human flourishing. Distributist thinkers, opposed both to capitalism and socialism, sought a humane approach to politics and economics that reflected the truths of Catholic social teaching. Some of the distributists’ claims about markets and government must be revised in light of contemporary social science. Nevertheless, their political-economic vision contains profound truths about the human condition, which social scientists would be unwise to ignore. Distributism’s insights about the nature of liberty and the social foundations of human dignity can improve ongoing conversations among economists, political scientists, and philosophers. The Political Economy of Distributism explores distributism both as a research program and a blueprint for political-economic reform. As many are reconsidering the relationship between markets and government, this timely book demonstrates the perennial relevance of the Catholic intellectual tradition to public affairs. Academics, public servants, policy experts, and concerned citizens can all benefit from this timely study of common-good capitalism’s prospects.
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The Political Economy of NGOs
State Formation in Sri Lanka and Bangladesh
Jude L. Fernando
Pluto Press, 2011

Jude L. Fernando explores the paradoxical relationship between NGOs and capitalism, showing that supposedly progressive organisations often promote essentially the same policies and ideas as existing governments.

The book examines how a diverse group of NGOs have shaped state formation in Bangladesh and Sri Lanka. It argues that, rather than influencing state formation for the better, NGOs have been integrated into the capitalist system and their language adopted to give traditional exploitative social relations a transformative appearance.

This enlightening study will give pause to those who see NGOs as drivers of true social change and will encourage students of development studies to make a deeper analysis of state formation.

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The Political Economy of Pipelines
A Century of Comparative Institutional Development
Jeff D. Makholm
University of Chicago Press, 2012
With global demand for energy poised to increase by more than half in the next three decades, the supply of safe, reliable, and reasonably priced gas and oil will continue to be of fundamental importance to modern economies. Central to this supply are the pipelines that transport this energy. And while the fundamental economics of the major pipeline networks are the same, the differences in their ownership, commercial development, and operation can provide insight into the workings of market institutions in various nations.
           
Drawing on a century of the world’s experience with gas and oil pipelines, this book illustrates the importance of economics in explaining the evolution of pipeline politics in various countries. It demonstrates that institutional differences influence ownership and regulation, while rents and consumer pricing depend on the size and diversity of existing markets, the depth of regulatory institutions, and the historical structure of the pipeline businesses themselves. The history of pipelines is also rife with social conflict, and Makholm explains how and when institutions in a variety of countries have controlled pipeline behavior—either through economic regulation or government ownership—in the public interest.
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The Political Economy of Tax Reform
Edited by Takatoshi Ito and Anne O. Krueger
University of Chicago Press, 1992
The rapid emergence of East Asia as an important geopolitical-economic entity has been one of the most visible and striking changes in the international economy in recent years. With that emergence has come an increased need for understanding the problems of interdependence. As a step toward meeting this need, the National Bureau of Economic Research joined with the Korea Development Institute to sponsor this volume, which focuses on the complexities of tax reform in a global economy.

Experts from Taiwan, Korea, the Philippines, Japan, and Thailand, as well as the United States, Canada, and Israel examine the major tax programs of the 1980s and their domestic and international economic effects. The analyses reveal similarities between the United States and countries in East Asia in political constraints on policy making, and taken together they show how growing interdependence interacts with domestic economic and political concerns to affect issues as politically vital as tax reform. Economists, policymakers, and members of the business community will benefit from these studies.
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The Political Economy of the Public Budget in the Americas
Edited by Diego Sanchez-Ancochea and Iwan Morgan
University of London Press, 2009

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The Political Economy of Trade Protection
Edited by Anne O. Krueger
University of Chicago Press, 1995
This clear, concise summary of the in-depth analyses presented in The Political Economy of American Trade Policy examines the level, form, and evolution of American trade protection.

In case studies of trade barriers imposed during the 1980s to help the steel, semiconductor, automobile, lumber, wheat, and textile and apparel industries, the contributors trace the evolution of efforts to obtain protection, protectionist measures, and their results. A chapter assessing the common themes that emerge from the studies concludes that the focus of current trade law is exclusively on the individual protection-seeking industries, with little regard for indirect effects on using industries or for consumers. Reform could usefully take these effects into account.

This volume will interest policymakers, business executives, and anyone interested in trade policy formulation and practice.
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A Political Explanation of Economic Growth
State Survival, Bureaucratic Politics, and Private Enterprises in the Making of Taiwan’s Economy, 1950–1985
Yongping Wu
Harvard University Press, 2005

Taiwan is a classic case of export-led industrialization. But unlike South Korea and Japan, where large firms have been the major exporters, before the late 1980s Taiwan's successful exporters were overwhelmingly small- and medium-sized enterprises (SMEs). The SMEs became the engine of the entire economy, yet for many years the state virtually ignored the SMEs and their role as exporters.

What factors account for the success of the SMEs and their benign neglect by the state? The key was a strict division of labor: state and large private enterprises jointly monopolized the domestic market. This gave the SMEs a free run in export markets. How did this industrial structure come into being? The author argues that it was an unintended consequence of the state's policy toward the private sector and its political strategies for managing societal forces. Indeed, Taiwan's unique industrial structure was shaped by both the witting and the unwitting interactions of the state and the private sector. Moreover, as the author shows, this industrial policy was a product of the internal politics of the economic bureaucracy, and the formulation and implementation of economic policy hinged on mechanisms for solving differences within the state.

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The Political Origins of Inequality
Why a More Equal World Is Better for Us All
Simon Reid-Henry
University of Chicago Press, 2015
Inequality is the defining issue of our time. But it is not just a problem for the rich world. It is the global 1% that now owns fully half the world’s wealth—the true measure of our age of inequality. In this historical tour de force, Simon Reid-Henry rewrites the usual story of globalization and development as a story of the management of inequality. Reaching back to the eighteenth century and around the globe, The Political Origins of Inequality foregrounds the political turning points and decisions behind the making of today’s uneven societies. As it weaves together insights from the Victorian city to the Cold War, from US economic policy to Europe’s present migration crisis, a true picture emerges of the structure of inequality itself.   

The problem of inequality, Reid-Henry argues, is a problem that manifests between places as well as over time. This is one reason why it cannot be resolved by the usual arguments of left versus right, bound as they are to the national scale alone. Most of all, however, it is why the level of inequality that confronts us today is indicative of a more general crisis in political thought. Modern political discourse has no place for public reason or the common good. Equality is yesterday’s dream. Yet the fact that we now accept such a world—a world that values security over freedom, special treatment over universal opportunity, and efficiency over fairness—is ultimately because we have stopped even trying in recent decades to build the political architecture the world actually requires.

Our politics has fallen out of step with the world, then, and at the every moment it is needed more than ever. Yet it is within our power to address this. Doing so involves identifying and then meeting our political responsibilities to others, not just offering them the selective charity of the rich. It means looking beyond issues of economics and outside our national borders. But above all it demands of us that we reinvent the language of equality for a modern, global world: and then institute this. The world is not falling apart. Different worlds, we all can see, are colliding together. It is our capacity to act in concert that is falling apart. It is this that needs restoring most of all.
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Political Standards
Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy
Karthik Ramanna
University of Chicago Press, 2015
Prudent, verifiable, and timely corporate accounting is a bedrock of our modern capitalist system. In recent years, however, the rules that govern corporate accounting have been subtly changed in ways that compromise these core principles, to the detriment of the economy at large. These changes have been driven by the private agendas of certain corporate special interests, aided selectively—and sometimes unwittingly—by arguments from business academia
           
With Political Standards, Karthik Ramanna develops the notion of “thin political markets” to describe a key problem facing technical rule-making in corporate accounting and beyond. When standard-setting boards attempt to regulate the accounting practices of corporations, they must draw on a small pool of qualified experts—but those experts almost always have strong commercial interests in the outcome. Meanwhile, standard setting rarely enjoys much attention from the general public. This absence of accountability, Ramanna argues, allows corporate managers to game the system. In the profit-maximization framework of modern capitalism, the only practicable solution is to reframe managerial norms when participating in thin political markets. Political Standards will be an essential resource for understanding how the rules of the game are set, whom they inevitably favor, and how the process can be changed for a better capitalism.
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Political Theory and Public Policy
Robert E. Goodin
University of Chicago Press, 1983
Some say that public policy can be made without the benefit of theory—that it emerges, instead, through trial-and-error. Others see genuine philosophical issues in public affairs but try to resolve them through fanciful examples. Both, argues Robert E. Goodin, are wrong.

Goodin—a political scientist who is also an associate editor of Ethics—shows that empirical and ethical theory can and should guide policy. To be useful, however, these philosophical discussions of public affairs must draw upon actual policy experiences rather than contrived cases. Further, they must reflect the broader social consequences of policies rather than just the dilemmas of personal conscience.

Effectively integrating the literatures of social science, policy science, and philosophy, Goodin provides a theoretically sophisticated yet empirically well-grounded analysis of public policies, the principles underlying them, the institutions shaping them, and the excuses offered for their failures. This analysis is enhanced by the author's discussion of such specific cases as the disposal of nuclear wastes and the priority accorded national defense—cases that illustrate Goodin's theoretical and methodological framework for approaching policy issues.
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Politics Across the Hudson
The Tappan Zee Megaproject
Philip Mark Plotch
Rutgers University Press, 2015
Winner of the 2015 American Planning Association New York Metro Chapter Journalism Award

The State of New York built one of the world’s longest, widest, and most expensive bridges—the new Tappan Zee Bridge—stretching more than three miles across the Hudson River, approximately thirteen miles north of New York City. In Politics Across the Hudson, urban planner Philip Plotch offers a behind-the-scenes look at three decades of contentious planning and politics centered around this bridge, recently renamed for Governor Mario M. Cuomo, the state's governor from 1983 to 1994. He reveals valuable lessons for those trying to tackle complex public policies while also confirming our worst fears about government dysfunction.
 
Drawing on his extensive experience planning megaprojects, interviews with more than a hundred key figures—including governors, agency heads, engineers, civic advocates, and business leaders—and extraordinary access to internal government records, Plotch tells a compelling story of high-stakes battles between powerful players in the public, private, and civic sectors. He reveals how state officials abandoned viable options, squandered hundreds of millions of dollars, forfeited more than three billion dollars in federal funds, and missed out on important opportunities. Faced with the public’s unrealistic expectations, no one could identify a practical solution to a vexing problem, a dilemma that led three governors to study various alternatives rather than disappoint key constituencies. 
 
This revised and updated edition includes a new epilogue and more photographs, and continues where Robert Caro’s The Power Broker left off and illuminates the power struggles involved in building New York’s first major new bridge since the Robert Moses era. Plotch describes how one governor, Andrew Cuomo, shrewdly overcame the seemingly insurmountable obstacles of onerous environmental regulations, vehement community opposition, insufficient funding, interagency battles, and overly optimistic expectations...
 
 
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Politics and Economics in the Eighties
Edited by Alberto Alesina and Geoffrey Carliner
University of Chicago Press, 1991
Is the federal budget deficit a result of congressional deadlocks, gross miscalculation of economic trends, or a Republican strategy to tie the budgetary hands of future Democratic leadership? To what extend does the partisan split between Congress and the executive branch constrain the president's agenda? In this volume, political scientists and economists tackle these and many other contentious issues, offering a variety of analytical perspectives.
Certain to provoke controversy, this interdisciplinary volume brings together policy experts to provide a coherent analysis of the most important economic policy changes of the 1980s. Through a detailed examination of voting patterns, monetary and fiscal policies, welfare spending, tax reform, minimum wage legislation, the savings and loan collapse, and international trade policy, the authors explore how politics can influence the direction of economic policymaking.
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Politics and Property Rights
The Closing of the Open Range in the Postbellum South
Shawn Everett Kantor
University of Chicago Press, 1998
After the American Civil War, agricultural reformers in the South called for an end to unrestricted grazing of livestock on unfenced land. They advocated the stock law, which required livestock owners to fence in their animals, arguing that the existing system (in which farmers built protective fences around crops) was outdated and inhibited economic growth. The reformers steadily won their battles, and by the end of the century the range was on the way to being closed.

In this original study, Kantor uses economic analysis to show that, contrary to traditional historical interpretation, this conflict was centered on anticipated benefits from fencing livestock rather than on class, cultural, or ideological differences. Kantor proves that the stock law brought economic benefits; at the same time, he analyzes why the law's adoption was hindered in many areas where it would have increased wealth. This argument illuminates the dynamics of real-world institutional change, where transactions are often costly and where some inefficient institutions persist while others give way to economic growth.
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Politics in Commercial Society
Jean-Jacques Rousseau and Adam Smith
Istvan Hont
Harvard University Press, 2015

Scholars normally emphasize the contrast between the two great eighteenth-century thinkers Jean-Jacques Rousseau and Adam Smith. Rousseau is seen as a critic of modernity, Smith as an apologist. Istvan Hont, however, finds significant commonalities in their work, arguing that both were theorists of commercial society and from surprisingly similar perspectives.

In making his case, Hont begins with the concept of commercial society and explains why that concept has much in common with what the German philosopher Immanuel Kant called unsocial sociability. This is why many earlier scholars used to refer to an Adam Smith Problem and, in a somewhat different way, to a Jean-Jacques Rousseau Problem. The two problems—and the questions about the relationship between individualism and altruism that they raised—were, in fact, more similar than has usually been thought because both arose from the more fundamental problems generated by thinking about morality and politics in a commercial society. Commerce entails reciprocity, but a commercial society also entails involuntary social interdependence, relentless economic competition, and intermittent interstate rivalry. This was the world to which Rousseau and Smith belonged, and Politics in Commercial Society is an account of how they thought about it.

Building his argument on the similarity between Smith’s and Rousseau’s theoretical concerns, Hont shows the relevance of commercial society to modern politics—the politics of the nation-state, global commerce, international competition, social inequality, and democratic accountability.

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The Politics of Bitcoin
Software as Right-Wing Extremism
David Golumbia
University of Minnesota Press, 2016

Since its introduction in 2009, Bitcoin has been widely promoted as a digital currency that will revolutionize everything from online commerce to the nation-state. Yet supporters of Bitcoin and its blockchain technology subscribe to a form of cyberlibertarianism that depends to a surprising extent on far-right political thought. The Politics of Bitcoin exposes how much of the economic and political thought on which this cryptocurrency is based emerges from ideas that travel the gamut, from Milton Friedman, F.A. Hayek, and Ludwig von Mises to Federal Reserve conspiracy theorists.

Forerunners: Ideas First is a thought-in-process series of breakthrough digital publications. Written between fresh ideas and finished books, Forerunners draws on scholarly work initiated in notable blogs, social media, conference plenaries, journal articles, and the synergy of academic exchange. This is gray literature publishing: where intense thinking, change, and speculation take place in scholarship.

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The Politics of Culture in the Shadow of Capital
Lisa Lowe and David Lloyd, eds.
Duke University Press, 1997
Global in scope, but refusing a familiar totalizing theoretical framework, the essays in The Politics of Culture in the Shadow of Capital demonstrate how localized and resistant social practices—including anticolonial and feminist struggles, peasant revolts, labor organizing, and various cultural movements—challenge contemporary capitalism as a highly differentiated mode of production.
Reworking Marxist critique, these essays on Asia, Latin America, the Caribbean, North America, and Europe advance a new understanding of "cultural politics" within the context of transnational neocolonial capitalism. This perspective contributes to an overall critique of traditional approaches to modernity, development, and linear liberal narratives of culture, history, and democratic institutions. It also frames a set of alternative social practices that allows for connections to be made between feminist politics among immigrant women in Britain, women of color in the United States, and Muslim women in Iran, Egypt, Pakistan, and Canada; the work of subaltern studies in India, the Philippines, and Mexico; and antiracist social movements in North and South America, the Caribbean, and Europe. These connections displace modes of opposition traditionally defined in relation to the modern state and enable a rethinking of political practice in the era of global capitalism.

Contributors. Tani E. Barlow, Nandi Bhatia, Dipesh Chakrabarty, Chungmoo Choi, Clara Connolly, Angela Davis, Arturo Escobar, Grant Farred, Homa Hoodfar, Reynaldo C. Ileto, George Lipsitz, David Lloyd, Lisa Lowe, Martin F. Manalansan IV, Aihwa Ong, Pragna Patel, José Rabasa, Maria Josefina Saldaña-Portillo, Jaqueline Urla


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The Politics of Dependency
US Reliance on Mexican Oil and Farm Labor
By Martha Menchaca
University of Texas Press, 2016

The United States and Mexico trade many commodities, the most important of which are indispensable sources of energy—crude oil and agricultural labor. Mexican oil and workers provide cheap and reliable energy for the United States, while US petro dollars and agricultural jobs supply much-needed income for the Mexican economy. Mexico’s economic dependence on the United States is well-known, but The Politics of Dependency makes a compelling case that the United States is also economically dependent on Mexico.

Expanding dependency theory beyond the traditional premise that weak countries are dominated by powerful ones, Martha Menchaca investigates how the United States and Mexico have developed an asymmetrical codependency that disproportionally benefits the United States. In particular, she analyzes how US foreign policy was designed to enable the US government to help shape the development of Mexico’s oil industry, as well as how migration from Mexico to the United States has been regulated by the US Congress to ensure that American farmers have sufficient labor. This unprecedented dual study of energy sectors that are usually examined in isolation reveals the extent to which the United States has become economically dependent on Mexico, even as it remains the dominant partner in the relationship. It also exposes the long-term effects of the agricultural policies of NAFTA, which led to the unemployment of millions of agricultural workers in Mexico, a large percentage of whom relocated to the United States.

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The Politics of Land Reform in Chile, 1950–1970
Public Policy, Political Institutions, and Social Change
Robert R. Kaufman
Harvard University Press, 1972

Displaced by the growth of cities and left impoverished by the inequities of an archaic land tenure system, peasants throughout Latin America are entering politics and upsetting the balance between social forces that had once been the sole competitors for governmental power. Still the largest occupational grouping in most countries, these peasants provide an important base of potential support for governments willing to undertake rural reform. In the light of this, Robert Kaufman's case study of Chilean land reform warrants careful consideration.

Focusing on the efforts of successive Chilean governments to pass and implement land reform legislation, Kaufman explores the way in which relatively high levels of social modernization and political institutionalization affect the emergence of the land reform issue, the timing and nature of the involvement of conflicting social groups, and the building of coalitions in support of various types of change.

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The Politics of Permaculture
Terry Leahy
Pluto Press, 2021

Permaculture is an environmental movement that makes us revaluate what it means to be sustainable. Through innovative agriculture and settlement design, the movement creates new communities that are harmonious with nature. It has grown from humble origins on a farm in 1970s Australia and flourished into a worldwide movement that confronts industrial capitalism.

The Politics of Permaculture is one of the first books to unpack the theory and practice of this social movement that looks to challenge the status quo. Drawing upon the rich seam of publications and online communities from the movement as well as extensive interviews with permaculture practitioners and organizations from around the world, Leahy explains the ways permaculture is understood and practiced in different contexts.

In the face of extreme environmental degradation and catastrophic climate change, we urgently need a new way of living.

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The Politics of Permaculture
Terry Leahy
Pluto Press, 2021

Permaculture is an environmental movement that makes us revaluate what it means to be sustainable. Through innovative agriculture and settlement design, the movement creates new communities that are harmonious with nature. It has grown from humble origins on a farm in 1970s Australia and flourished into a worldwide movement that confronts industrial capitalism.

The Politics of Permaculture is one of the first books to unpack the theory and practice of this social movement that looks to challenge the status quo. Drawing upon the rich seam of publications and online communities from the movement as well as extensive interviews with permaculture practitioners and organizations from around the world, Leahy explains the ways permaculture is understood and practiced in different contexts.

In the face of extreme environmental degradation and catastrophic climate change, we urgently need a new way of living.

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front cover of The Politics of Purity
The Politics of Purity
Harvey Washington Wiley and the Origins of Federal Food Policy
Clayton A. Coppin and Jack High
University of Michigan Press, 1999
Spearheaded by Harvey Washington Wiley, the Pure Food and Drugs Act of 1906 launched the federal regulation of food and drugs in the United States. Wiley is often lauded as a champion of public interest for bringing about a law that required healthful ingredients and honest labeling. Clayton Coppin and Jack High demonstrate, however, that Wiley was in fact surreptitiously allied with business firms that would benefit from regulation and moreover, that the law would help him build his government agency, the Federal Bureau of Chemistry.
Coppin and High discuss such issues as Wiley's efforts to assign the law's enforcement to his own bureau. They go on to expose the selectivity of Wiley's enforcement of the law, in which he manipulated commercial competition in order to reward firms that supported him and penalize those that opposed him. By examining the history of the law's movement, the authors show that, rather than acting in the public interest, Wiley used the Pure Food and Drugs Act to further his own power and success. Finally, they analyze government regulation itself as the outcome of two distinct competitive processes, one that takes place in the market, the other in the polity.
The book will interest scholars concerned with government regulation, including those in economics, political science, history, and business.
Clayton Coppin is a management consultant and historian, Koch Industries, Wichita. Jack High is Professor of Economics, George Mason University.
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The Politics of Railroad Coordination, 1933–1936
Earl Latham
Harvard University Press

The prudent administrator clearly recognizes the differences between authority and power. The first is the right to wield power and the second is the actual exercise of power. Joseph B. Eastman, as federal coordinator of transportation, had the authority to require acts of railroad coordination but lacked the power. When he tried to exercise authority as though it were power, the railroads combined with the unions and deprived him of his authority.

Earl Latham, in this analysis of the politics of administration, makes use of hitherto unpublished letters and memoranda written by Eastman. Coming at a time when the railroad industry is suffering acutely from its chronic problem of excessive separatism, The Politics of Railroad Coordination is a thought-provoking application of power group analysis to a major problem of administration. It will be of particular interest to persons concerned with problems of the regulation of industry, public administration, the transportation industry, and the method of power group analysis.

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The Politics of Utopia
A New History of John Law's System, 1695–1795
Arnaud Orain
University of Chicago Press, 2024
A fascinating retelling of the first banking and financial collapse in eighteenth-century France.
 
The Scottish economist John Law has been described as the architect of modern central banking. His “System,” established in Regency France between 1716 and 1720, saw the founding of a bank issuing paper money and the establishment of state commercial and colonial enterprises aimed at consolidating public debt. What at first seemed like financial wizardry, however, resulted in rampant speculation and, ultimately, economic collapse. In The Politics of Utopia, historian Arnaud Orain offers a provocative rereading of this well-known episode.
 
Starting his story in the seventeenth century, Orain reconstructs the figures and ideas, long predating Law, that anticipated and laid the groundwork for the System, which, he argues, is best understood as a failed social utopia aimed at the total transformation of society. Overturning familiar narratives of this seismic event, this book rewrites a stunning chapter in economic history by dealing with the cultural, colonial, religious, and political dimensions of the (in)famous System up to the French Revolution, revealing new lessons for today’s fraught financial landscape.
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