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Race and Retail
Consumption across the Color Line
Bay, Mia
Rutgers University Press, 2015
Race has long shaped shopping experiences for many Americans. Retail exchanges and establishments have made headlines as flashpoints for conflict not only between blacks and whites, but also between whites, Mexicans, Asian Americans, and a wide variety of other ethnic groups, who have at times found themselves unwelcome at white-owned businesses. 
 
Race and Retail documents the extent to which retail establishments, both past and present, have often catered to specific ethnic and racial groups. Using an interdisciplinary approach, the original essays collected here explore selling and buying practices of nonwhite populations around the world and the barriers that shape these habits, such as racial discrimination, food deserts, and gentrification. The contributors highlight more contemporary issues by raising questions about how race informs business owners’ ideas about consumer demand, resulting in substandard quality and higher prices for minorities than in predominantly white neighborhoods.  In a wide-ranging exploration of the subject, they also address revitalization and gentrification in South Korean and Latino neighborhoods in California, Arab and Turkish coffeehouses and hookah lounges in South Paterson, New Jersey, and tourist capoeira consumption in Brazil.  
 
Race and Retail illuminates the complex play of forces at work in racialized retail markets and the everyday impact of those forces on minority consumers. The essays demonstrate how past practice remains in force in subtle and not-so-subtle ways.
 
 

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Race and Schooling in the South, 1880-1950
An Economic History
Robert A. Margo
University of Chicago Press, 1990
The interrelation among race, schooling, and labor market opportunities of American blacks can help us make sense of the relatively poor economic status of blacks in contemporary society. The role of these factors in slavery and the economic consequences for blacks has received much attention, but the post-slave experience of blacks in the American economy has been less studied. To deepen our understanding of that experience, Robert A. Margo mines a wealth of newly available census data and school district records. By analyzing evidence concerning occupational discrimination, educational expenditures, taxation, and teachers' salaries, he clarifies the costs for blacks of post-slave segregation.

"A concise, lucid account of the bases of racial inequality in the South between Reconstruction and the Civil Rights era. . . . Deserves the careful attention of anyone concerned with historical and contemporary race stratification."—Kathryn M. Neckerman, Contemporary Sociology

"Margo has produced an excellent study, which can serve as a model for aspiring cliometricians. To describe it as 'required reading' would fail to indicate just how important, indeed indispensable, the book will be to scholars interested in racial economic differences, past or present."—Robert Higgs, Journal of Economic Literature

"Margo shows that history is important in understanding present domestic problems; his study has significant implications for understanding post-1950s black economic development."—Joe M. Richardson, Journal of American History

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The Race between Education and Technology
Claudia Goldin and Lawrence F. Katz
Harvard University Press, 2008

This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century.

The book argues that technological change, education, and inequality have been involved in a kind of race. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This had the effect of boosting income for most people and lowering inequality. However, the reverse has been true since about 1980. This educational slowdown was accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it.

[more]

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Race, Liberalism, and Economics
David Colander, Robert E. Prasch, and Falguni A. Sheth, Editors
University of Michigan Press, 2009
Noneconomists often think that economists' approach to race is almost exclusively one of laissez-faire. Racism, Liberalism, and Economics argues that economists' ideas are more complicated. The book considers economists' support of markets in relation to the challenge of race and race relations and argues that their support of laissez-faire has traditionally been based upon a broader philosophical foundation of liberalism and history: what markets have and have not achieved in the past, and how that past relates to the future. The book discusses the concepts of liberalism and racism, the history and use of these terms, and how that history relates to policy issues. It argues that liberalism is consistent with a wide variety of policies and that the broader philosophical issues are central in choosing policies.

The contributors show how the evolution of racist ideas has been a subtle process that is woven into larger movements in the development of scientific thought; economic thinking is embedded in a larger social milieu. Previous discussions of policies toward race have been constrained by that social milieu, and, since World War II, have largely focused on ending legislated and state-sanctioned discrimination. In the past decade, the broader policy debate has moved on to questions about the existence and relative importance of intangible sources of inequality, including market structure, information asymmetries, cumulative processes, and cultural and/or social capital. This book is a product of, and a contribution to, this modern discussion. It is uniquely transdisciplinary, with contributions by and discussions among economists, philosophers, anthropologists, and literature scholars.

The volume first examines the early history of work on race by economists and social scientists more generally. It continues by surveying American economists on race and featuring contributions that embody more modern approaches to race within economics. Finally it explores several important policy issues that follow from the discussion.

". . . adds new insights that contribute significantly to the debate on racial economic inequality in the U.S. The differing opinions of the contributors provide the broad perspective needed to examine this extremely complex issue."
--James Peoples, University of Wisconsin-Milwaukee

"There is an immense economic literature on racial discrimination, employing a variety of models and decomposition methods. This volume makes a unique contribution by focusing on the philosophical assumptions at the root of this analysis and by presenting many sides of the very vigorous debate surrounding these controversial issues."
--Thomas Maloney, University of Utah

"By focusing upon the progress of analytical technique, historians of economic thought have grossly neglected the symbiotic relation of economics to public policy and ideology. This collection of essays offers a most welcome breach of disciplinary apartheid. Seizing upon recent research in the almost forgotten writings about race of Classical economists and their contemporaries, it relates nineteenth-century ideas to current debates about economic discrimination and other manifestations of racism. As the writing is both learned and lively, the book should appeal both to the generally educated reader and to teachers of courses in multiculturalism."
--Melvin Reder, Isidore Brown and Gladys J. Brown Professor Emeritus of Urban and Labor Economics, University of Chicago
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Race on the Line
Gender, Labor, and Technology in the Bell System, 1880–1980
Venus Green
Duke University Press, 2001
Race on the Line is the first book to address the convergence of race, gender, and technology in the telephone industry. Venus Green—a former Bell System employee and current labor historian—presents a hundred year history of telephone operators and their work processes, from the invention of the telephone in 1876 to the period immediately before the break-up of the American Telephone and Telegraph Company in 1984. Green shows how, as technology changed from a manual process to a computerized one, sexual and racial stereotypes enabled management to manipulate both the workers and the workplace.
More than a simple story of the impact of technology, Race on the Line combines oral history, personal experience, and archival research to weave a complicated history of how skill is constructed and how its meanings change within a rapidly expanding industry. Green discusses how women faced an environment where male union leaders displayed economic as well as gender biases and where racism served as a persistent system of division. Separated into chronological sections, the study moves from the early years when the Bell company gave both male and female workers opportunities to advance; to the era of the “white lady” image of the company, when African American women were excluded from the industry and feminist working-class consciousness among white women was consequently inhibited; to the computer era, a time when black women had waged a successful struggle to integrate the telephone operating system but faced technological displacement and unrewarding work.
An important study of working-class American women during the twentieth century, this book will appeal to a wide audience, particularly students and scholars with interest in women’s history, labor history, African American history, the history of technology, and business history.
[more]

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Racial Conflict and Economic Development
W. Arthur Lewis
Harvard University Press, 1985

Is economic equality necessary for social peace? Why do the strong oppress and impoverish the weak? How are developing nations overcoming the legacy of colonialism? These are a few of the many thought-provoking concerns addressed in this book. The first in a new series—The W. E. B. Du Bois Lectures—it tackles a wide range of topics dealing with the economics of racial conflict in important areas of the world. Race is often introduced as a key factor, whether it is or not, in such highly controversial subjects as colonialism, federalism, dual labor markets, affirmative action, multinational corporations, the international economic order, and of course discrimination itself. W. Arthur Lewis discerns the ways in which race and economics affect individuals and groups, bringing a personal viewpoint to the problems faced by both less-developed and more-developed countries.

How many black vice-presidents should a major North American corporation employ? Do East Indians and Canadians demonstrate more aptitude for business than West Indians? Does affirmative action work in education or business? Though he boldly confronts grave national and international problems, Lewis does so with wisdom, equanimity, optimism, even a touch of humor. His individualistic and commonsensical thoughts and opinions may not please or satisfy everyone, but they cannot fail to intrigue and invite discussion.

[more]

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The Radiant Past
Ideology and Reality in Hungary's Road to Capitalism
Michael Burawoy and János Lukács
University of Chicago Press, 1992
Communism, once heralded as the "radiant future" of all humanity, has now become part of Eastern Europe's past. What does the record say about the legacy of communism as an organizational system?

Michael Burawoy and Janos Lukacs consider this question from the standpoint of the Hungarian working class. Between 1983 and 1990 the authors carried out intensive studies in two core Hungarian industries, machine building and steel production, to produce the first extended participant-observation study of work and politics in state socialism.

"A fascinating and engagingly written eyewitness report on proletarian life in the waning years of goulash communism. . . . A richly rewarding book, one that should interest political scientists in a variety of subfields, from area specialists and comparativists to political economists, as well as those interested in Marxist and post-Marxist theory."—Elizabeth Kiss, American Political Science Review

"A very rich book. . . . It does not merely offer another theory of transition, but also presents a clear interpretive scheme, combined with sociological theory and vivid ethnographic description."—Ireneusz Bialecki, Contemporary Sociology

"Its informed skepticism of post-Communist liberal euphoria, its concern for workers, and its fine ethnographic details make this work valuable."—"àkos Róna-Tas, American Journal of Sociology
[more]

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The Radical Bookstore
Counterspace for Social Movements
Kimberley Kinder
University of Minnesota Press, 2021

Examines how radical bookstores and similar spaces serve as launching pads for social movements
 

How does social change happen? It requires an identified problem, an impassioned and committed group, a catalyst, and a plan. In this deeply researched consideration of seventy-seven stores and establishments, Kimberley Kinder argues that activists also need autonomous space for organizing, and that these spaces are made, not found. She explores the remarkably enduring presence of radical bookstores in America and how they provide infrastructure for organizing—gathering places, retail offerings that draw new people into what she calls “counterspaces.”

Kinder focuses on brick-and-mortar venues where owners approach their businesses primarily as social movement tools. These may be bookstores, infoshops, libraries, knowledge cafes, community centers, publishing collectives, thrift stores, or art installations. They are run by activist-entrepreneurs who create centers for organizing and selling books to pay the rent. These spaces allow radical and contentious ideas to be explored and percolate through to actual social movements, and serve as crucibles for activists to challenge capitalism, imperialism, white privilege, patriarchy, and homophobia. They also exist within a central paradox: participating in the marketplace creates tensions, contradictions, and shortfalls. Activist retail does not end capitalism; collective ownership does not enable a retreat from civic requirements like zoning; and donations, no matter how generous, do not offset the enormous power of corporations and governments. 

In this timely and relevant book, Kinder presents a necessary, novel, and apt analysis of the role these retail spaces play in radical organizing, one that demonstrates how such durable hubs manage to persist, often for decades, between the spikes of public protest. 

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Radical Protest and Social Structure
The Southern Farmers' Alliance and Cotton Tenancy, 1880-1890
Michael Schwartz
University of Chicago Press, 1988
"Michael Schwartz's book is really three books in one—an analysis of the structural changes that produced one of the most oppressive social systems the world has known (the one-crop cotton tenancy economy and the system of institutionalized racism and authoritarian one-party politics that was required to preserve the fragile economic arrangement); a theoretical analysis of the origins, mobilization, and outcome of insurgent challenges; and a meticulous application of that theory to the rise and collapse of the Populist movement."—Craig Jenkins, Theory and Society


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Radio's Second Century
Past, Present, and Future Perspectives
John Allen Hendricks
Rutgers University Press, 2020
Winner of the 2022 Broadcast Education Association Book Award

One of the first books to examine the status of broadcasting on its one hundredth anniversary, Radio’s Second Century investigates both vanguard and perennial topics relevant to radio’s past, present, and future. As the radio industry enters its second century of existence, it continues to be a dominant mass medium with almost total listenership saturation despite rapid technological advancements that provide alternatives for consumers. Lasting influences such as on-air personalities, audience behavior, fan relationships, and localism are analyzed as well as contemporary issues including social and digital media. Other essays examine the regulatory concerns that continue to exist for public radio, commercial radio, and community radio, and discuss the hindrances and challenges posed by government regulation with an emphasis on both American and international perspectives. Radio’s impact on cultural hegemony through creative programming content in the areas of religion, ethnic inclusivity, and gender parity is also explored. Taken together, this volume compromises a meaningful insight into the broadcast industry’s continuing power to inform and entertain listeners around the world via its oldest mass medium--radio. 
[more]

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Railroad Labor Disputes
The Beginnings of Federal Strike Policy
Gerald G. Eggert
University of Michigan Press, 1967
At Martinsburg, West Virginia, on July 16, 1877, angry laborers struck the B & O Railroad because of a 10 percent wage cut. Spontaneous strikes soon choked railroad service from Baltimore to St. Louis and from Buffalo to Louisville. The violent wave of discontent developed into the country's first national labor crisis. The use of federal troops to restore order was only one of many decisions—sometimes blundering or biased, sometimes enlightened—the government would make during the next twenty years in coping with railway strikes. Not until the defeat of the Pullman Strike in 1894 did railway labor disorders subside. Railroad Labor Disputes describes the federal government's methods of dealing with railroad labor problems in the last quarter of the nineteenth century and shows how the beginnings of federal strike policy evolved. To explain the bias of government officials against the working man and for railroad management, Gerald Eggert examines the backgrounds, interests, and ambitions of the shapers of federal policy. Eggert also underscores the lack of congressional leadership and the erratic planning of the executive branch, which compelled the federal courts to play a large part in making policy. Particularly in times of crisis, accident and chance determined the policy as much as reason and forethought. Occasionally decisions supported strikers, but policy became increasingly anti-labor in its bias. "Riots" and "insurrections" were quelled by troops; "conspiring to obstruct the mails" justified federal strikebreaking; hampering interstate commerce produced federal reprisal. Court injunctions were first used to protect railroads in receivership, later any railroad at any time. Strikes were even judged violations of the Sherman Antitrust Act. After the Pullman strike of 1894, government policy grew more reasonable. Eggert emphasizes that the Erdman Act reflected this trend. Thereafter, railroad officials increasingly accepted the principle of collective bar
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Railroads and the Transformation of China
Elisabeth Köll
Harvard University Press, 2019

As a vehicle to convey both the history of modern China and the complex forces still driving the nation’s economic success, rail has no equal. Railroads and the Transformation of China is the first comprehensive history, in any language, of railroad operation from the last decades of the Qing Empire to the present.

China’s first fractured lines were built under semicolonial conditions by competing foreign investors. The national system that began taking shape in the 1910s suffered all the ills of the country at large: warlordism and Japanese invasion, Chinese partisan sabotage, the Great Leap Forward when lines suffered in the “battle for steel,” and the Cultural Revolution, during which Red Guards were granted free passage to “make revolution” across the country, nearly collapsing the system. Elisabeth Köll’s expansive study shows how railroads survived the rupture of the 1949 Communist revolution and became an enduring model of Chinese infrastructure expansion.

The railroads persisted because they were exemplary bureaucratic institutions. Through detailed archival research and interviews, Köll builds case studies illuminating the strength of rail administration. Pragmatic management, combining central authority and local autonomy, sustained rail organizations amid shifting political and economic priorities. As Köll shows, rail provided a blueprint for the past forty years of ambitious, semipublic business development and remains an essential component of the PRC’s politically charged, technocratic economic model for China’s future.

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A Rainbow Palate
How Chemical Dyes Changed the West’s Relationship with Food
Carolyn Cobbold
University of Chicago Press, 2020
We live in a world saturated by chemicals—our food, our clothes, and even our bodies play host to hundreds of synthetic chemicals that did not exist before the nineteenth century. By the 1900s, a wave of bright coal tar dyes had begun to transform the Western world. Originally intended for textiles, the new dyes soon permeated daily life in unexpected ways, and by the time the risks and uncertainties surrounding the synthesized chemicals began to surface, they were being used in everything from clothes and home furnishings to cookware and food.

In A Rainbow Palate, Carolyn Cobbold explores how the widespread use of new chemical substances influenced perceptions and understanding of food, science, and technology, as well as trust in science and scientists. Because the new dyes were among the earliest contested chemical additives in food, the battles over their use offer striking insights and parallels into today’s international struggles surrounding chemical, food, and trade regulation.
 
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Raising Cane in the 'Glades
The Global Sugar Trade and the Transformation of Florida
Gail M. Hollander
University of Chicago Press, 2008
Over the last century, the Everglades underwent a metaphorical and ecological transition from impenetrable swamp to endangered wetland.  At the heart of this transformation lies the Florida sugar industry, which by the 1990s was at the center of the political storm over the multi-billion dollar ecological “restoration” of the Everglades.  Raising Cane in the ’Glades is the first study to situate the environmental transformation of the Everglades within the economic and historical geography of global sugar production and trade.

Using, among other sources, interviews, government and corporate documents, and recently declassified U.S. State Department memoranda, Gail M. Hollander demonstrates that the development of Florida’s sugar region was the outcome of pitched battles reaching the highest political offices in the U.S. and in countries around the world, especially Cuba—which emerges in her narrative as a model, a competitor, and the regional “other” to Florida’s “self.”  Spanning the period from the age of empire to the era of globalization, the book shows how the “sugar question”—a label nineteenth-century economists coined for intense international debates on sugar production and trade—emerges repeatedly in new guises. Hollander uses the sugar question as a thread to stitch together past and present, local and global, in explaining Everglades transformation.
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Raising Keynes
A Twenty-First-Century General Theory
Stephen A. Marglin
Harvard University Press, 2020

Back to the future: a heterodox economist rewrites Keynes’s General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century.

John Maynard Keynes’s General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes’s lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins.

Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes’s intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand.

Ordinary citizens have paid a steep price for the distortion of Keynes’s message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose.

Fleshing out Keynes’s intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.

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Raising the Race
Black Career Women Redefine Marriage, Motherhood, and Community
Barnes, Riché J. Daniel
Rutgers University Press, 2015
Winner of the 2017 Race, Gender, and Class Section Book Award from the American Sociological Association

Popular discussions of professional women often dwell on the conflicts faced by the woman who attempts to “have it all,” raising children while climbing up the corporate ladder. Yet for all the articles and books written on this subject, there has been little work that focuses on the experience of African American professional women or asks how their perspectives on work-family balance might be unique.
 
Raising the Race is the first scholarly book to examine how black, married career women juggle their relationships with their extended and nuclear families, the expectations of the black community, and their desires to raise healthy, independent children. Drawing from extensive interviews with twenty-three Atlanta-based professional women who left or modified careers as attorneys, physicians, executives, and administrators, anthropologist Riché J. Daniel Barnes found that their decisions were deeply rooted in an awareness of black women’s historical struggles. Departing from the possessive individualistic discourse of “having it all,” the women profiled here think beyond their own situation—considering ways their decisions might help the entire black community.
 
Giving a voice to women whose perspectives have been underrepresented in debates about work-family balance, Barnes’s profiles enable us to perceive these women as fully fledged individuals, each with her own concerns and priorities. Yet Barnes is also able to locate many common themes from these black women’s experiences, and uses them to propose policy initiatives that would improve the work and family lives of all Americans.
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R&D, Education, and Productivity
A Retrospective
Zvi Griliches
Harvard University Press, 2000

Zvi Griliches was a modern master of empirical economics. In this short book, he recounts what he and others have learned about the sources of economic growth. This book conveys the way he tackled research problems. For Griliches, economic theorizing without measurement is merely the fashioning of parables, but measurement without theory is blind. Judgment enables one to strike the right balance.

The book begins with economists' first attempts to measure productivity growth systematically in the 1930s. In the mid-1950s these efforts culminated in a startling puzzle. The growth of measured inputs like labor and capital explained only a fraction of the growth of national output. Economists called this phenomenon "efficiency" or "technical change" or "the residual." However, Griliches observes that the most accurate name was a "measure of our ignorance." What explained the rest of economic growth quickly became one of the most important questions in economics.

Over the next thirty years, Griliches and his colleagues and students looked for various components of the residual in education (the formation of human capital), investment (the formation of physical capital), and research and development. In 1973, after the oil price shocks, productivity growth slowed and the residual almost disappeared. Since the shocks were a short-term phenomenon, they could not account for the slowdown. A main focus of this book is therefore the puzzle of the productivity slowdown and how to date it and how to explain it.

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Randy Wood
The Lore of the Luthier
Daniel Wile
University of Tennessee Press, 2020

In the 1960s and 1970s, Randy Wood was a forerunner in the vintage instrument industry. Known as the instrument repairman to the stars, the list of Wood’s clients reads like a Hall of Fame roster: Elvis Presley, Eric Clapton, Johnny Cash, Chet Atkins, Emmylou Harris, Billy Gibbons, Bill Monroe, Keith Richards, Roy Acuff, Ricky Skaggs, and Hank Williams Jr. . . . to name a few. In Randy Wood: The Lore of the Luthier, Daniel Wile traces the life and work of a man who quietly influenced a hidden history of bluegrass and country music.

In his twenties, Wood vowed to avoid complacency in his work. What started simply as a quest to find fulfillment turned into a career that has shaped a generation of musicians, professional and amateur alike. Through his incredible gift for lutherie, Wood brought cherished pre-WWII instruments back to life, many of which were considered beyond repair. He crafted his own instruments as well, based on what he learned from vintage instruments, and these instruments found their way into the hands of some of the most renowned musicians, thanks in part to Wood’s strategic location in Nashville during the resurgence of country music in the 1970s. Humble, unassuming, and unfazed by the presence of celebrities, Wood has spent his life devoted to building and repairing stringed instruments.

Wood also built community. After tiring of big-city Nashville, he retreated to the Georgia coast, where his home shop became a hub of bluegrass activity. He eventually opened a new shop near Savannah, where a new generation of friends and strangers can come in, visit, and pick a little. Randy’s stories, complemented with those of his friends and family, create a compelling picture of a modest man with a talent for his craft, a genuine care for people, and the courage to follow his passion.

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The Rate and Direction of Inventive Activity Revisited
Edited by Josh Lerner and Scott Stern
University of Chicago Press, 2012

While the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This volume offers new theoretical and empirical contributions to fundamental questions relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to the development of new technologies are institutional environments, and among the topics discussed here are the roles played by universities and other nonprofit research institutions and the ways in which the allocation of funds between the public and private sectors affects innovation. Other essays examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation. Analytically sophisticated and broad in scope, this book addresses a key topic at a time when economic growth is all the more topical.

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The Rate and Pattern of Industrial Growth in Communist China
Kang Chao
University of Michigan Press, 1965
The Chinese Communist government places a high priority on the development of industry in its national economic plans. Anxious to show advancement, it has published gross values of industrial production for the years prior to 1961 and corresponding indexes. Many of these data are biased and unreliable. In The Rate and Pattern of Industrial Growth in Communist China, Kang Chao carefully reconstructs two sets of industrial production indexes that are more meaningful and reliable. He also lays out the statistical procedures necessary to construct new indexes that reflect fundamental economic facts in contrast to official statistics. His approach represents an excellent model for others to follow in index-making for countries with limited output statistics and production cost data. The appendix contains valuable tables on China's industrial output, commodity by commodity, as well as on industry employment, wages, and prices. These tables were compiled from diverse and scattered sources and represent the most comprehensive compilation for that sector ever to appear except for the classified statistical documents of the Chinese Communist government.
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Rational Choice
Edited by Robin M. Hogarth and Melvin W. Reder
University of Chicago Press, 1987

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Rational Expectations and Econometric Practice
Volume 1
Robert E. Lucas Jr. and Thomas J. Sargent, Editors
University of Minnesota Press, 1981

Rational Expectations and Econometric Practice was first published in 1981. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, government subsidy schemes and regulations. The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed.

This work collects the papers that have made significant contributions to formulating the idea of rational expectations. Most of the papers deal with the connections between observed economic behavior and the evaluation of alternative economic policies.

Robert E. Lucas, Jr., is professor of economics at the University of Chicago. Thomas J. Sargent is professor of economics at the University of Minnesota and adviser to the Federal Reserve Bank of Minnesota.

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Rational Expectations and Economic Policy
Edited by Stanley Fischer
University of Chicago Press, 1982
"Several areas in economics today have unprecedented significance and vitality. Most people would agree that stabilization policy ranks with the highest of these. Continuing inflation and periodic serious acceleration of inflation combined with high and secularly rising unemployment combine to give the area high priority. This book brings us up to date on an extremely lively discussion involving the role of expectations, and more particularly rational expectations, in the conduct of stabilization policy. . . . Anyone interested in the role of government in economics should read this important book."—C. Glyn Williams, The Wall Street Review of Books

"This is a most timely and valuable contribution. . . . The contributors and commentators are highly distinguished and the editor has usefully collated comments and the ensuing discussion. Unusually for a conference proceedings the book is well indexed and it is also replete with numerous and up-to-date references. . . . This is the first serious book to examine the rational expectations thesis in any depth, and it will prove invaluable to anyone involved with macroeconomic policy generally and with monetary economics in particular."—G. K. Shaw, The Economic Journal
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A Rational Expectations Approach to Macroeconometrics
Testing Policy Ineffectiveness and Efficient-Markets Models
Frederic S. Mishkin
University of Chicago Press, 1983
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
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Rationality and Freedom
Amartya Sen
Harvard University Press, 2002

Rationality and freedom are among the most profound and contentious concepts in philosophy and the social sciences. In two volumes on rationality, freedom, and justice, the distinguished economist and philosopher Amartya Sen brings clarity and insight to these difficult issues. This volume--the first of the two--is principally concerned with rationality and freedom.

Sen scrutinizes and departs from the standard criteria of rationality, and shows how it can be seen in terms of subjecting one's values as well as choices to the demands of reason and critical scrutiny. This capacious approach is utilized to illuminate the demands of rationality in individual choice (including decisions under uncertainty) as well as social choice (including cost benefit analysis and environmental assessment).

Identifying a reciprocity in the relationship between rationality and freedom, Sen argues that freedom cannot be assessed independently of a person's reasoned preferences and valuations, just as rationality, in turn, requires freedom of thought. Sen uses the discipline of social choice theory (a subject he has helped to develop) to illuminate the demands of reason and the assessment of freedom. The latter is the subject matter of Sen's previously unpublished Arrow Lectures included here.

The essays in these volumes contribute to Sen's ongoing transformation of economic theory and social philosophy, and to our understanding of the connections among rationality, freedom, and social justice.

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Raw Material
Working Wool in the West
Stephany Wilkes
Oregon State University Press, 2018
Follow a sweater with an "Italian Merino" label back far enough and chances are its life began not in Milan, but in Montana. Many people want to look behind the label and know where their clothes come from, but the textile supply chain-one of the most toxic on the planet-remains largely invisible. In Raw Material, Stephany Wilkes tells the story of American wool through her own journey to becoming a certified sheep shearer.

What begins as a search for local yarn becomes a dirty, unlikely, and irresistible side job. Wilkes leaves her high tech job for a way of life considered long dead in the American West. Along the way, she meets ornery sheep that weigh more than she does, carbon-sequestering ranchers, landless grazing operators, rare breed stewards, and small-batch yarn makers struggling with drought, unfair trade agreements, and faceless bureaucracies as they work to bring eco-friendly fleece to market.

Raw Material demonstrates that the back must break to clothe the body, and that excellence often comes by way of exhaustion. With humor and humility, Wilkes follows wool from the farm to the factory, through the hands of hardworking Americans trying to change the culture of clothing. Her story will appeal to anyone interested in the fiber arts or the textile industry, and especially to environmentally conscious consumers, as it extends the concerns of the sustainable food movement to fleece, fiber, and fashion.
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R&D and Productivity
The Econometric Evidence
Zvi Griliches
University of Chicago Press, 1998
Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes this connection and measures its magnitude for firm-, industry-, and economy-level data.

Griliches began his studies of productivity growth during the 1950s, adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career as well as the history of this line of thought.

As inputs into production increasingly taking the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.

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R&D, Patents and Productivity
Edited by Zvi Griliches
University of Chicago Press, 1984
"An essential reference for specialists in the economics of technological change."--D. G. McFertridge, Canadian Journal of Economics
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Readings in Chinese Literary Thought
Stephen Owen
Harvard University Press
This dual-language compilation of seven complete major works and many shorter pieces from the Confucian period through the Ch’ing dynasty will be indispensable to students of Chinese literature. Stephen Owen’s masterful translations and commentaries have opened up Chinese literary thought to theorists and scholars of other languages.
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Readings in Managerial Psychology
Edited by Harold J. Leavitt, Louis R. Pondy, and David M. Boje
University of Chicago Press, 1988
With more than half the papers new to this book, the fourth edition of Readings in Managerial Psychology represents a substantial revision of this popular text. This edition focuses more than ever on the managing process, both within and between organizations, and such "soft" issues as managing creativity and imagination, managers' values and beliefs, and organizational culture play a larger role than they have before.

Readings in Managerial Psychology is designed for managers in business and industry, students of management, public and university administrators, and executives in other organizations. The collection can be used independently or as a companion volume to Harold J. Leavitt and Homa Bahrami's Managerial Psychology: Managing Behavior in Organizations (5th edition, 1988), also published by the University of Chicago Press.
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Readings in Public Choice Economics
Jac C. Heckelman, Editor
University of Michigan Press, 2004
The first classroom book for undergraduate courses in public choice analysis, covering both political economy and social choice issues

Public choice analysis applies the methodology of economics to issues in political science and the policy process. The readings in this anthology cover topics in both institutional political economy and social choice theory and are comprehensible to nonspecialists and advanced undergraduates with a background in basic economic theory. Readings are taken from academic journals and book chapters and are reproduced in their entirety. They are selected to ensure they contain a minimal amount of notation and are free of advanced econometrics.

The anthology contains two to three readings each to explore the areas of rent seeking, collective action, bureaucracy, elections and the economy, choosing decision rules, majority rule, alternative voting procedures, and the calculus of voting. Each part contains a brief introduction to the general theme, and questions are presented as a guide to each reading. Additional suggested readings are provided to develop these concepts further.

Jac C. Heckelman is Associate Professor of Economics, Wake Forest University.
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Ready-to-Wear and Ready-to-Work
A Century of Industry and Immigrants in Paris and New York
Nancy L. Green
Duke University Press, 1997
Nancy L. Green offers a critical and lively look at New York’s Seventh Avenue and the Parisian Sentier in this first comparative study of the two historical centers of the women’s garment industry. Torn between mass production and "art," this industry is one of the few manufactauring sectors left in the service-centered cities of today. Ready-to-Wear and Ready-to-Work tells the story of urban growth, the politics of labor, and the relationships among the many immigrant groups who have come to work the sewing machines over the last century.
Green focuses on issues of fashion and fabrication as they involve both the production and consumption of clothing. Traditionally, much of the urban garment industry has been organized around small workshops and flexible homework, and Green emphasizes the effect this labor organization had on the men and mostly women who have sewn the garments. Whether considering the immigrant Jews, Italians, Puerto Ricans, Dominicans, and Chinese in New York or the Chinese-Cambodians, Turks, Armenians, and Russian, Polish, and Tunisian Jews in Paris, she outlines similarities of social experience in the shops and the unions, while allowing the voices of the workers, in all their diversity to be heard.
A provocative examination of gender and ethnicity, historical conflict and consensus, and notions of class and cultural difference, Ready-to-Wear and Ready-to-Work breaks new ground in the methodology of comparative history.
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The Real Cyber War
The Political Economy of Internet Freedom
Shawn M. Powers and Michael Jablonski
University of Illinois Press, 2015
Contemporary discussion surrounding the role of the internet in society is dominated by words like: internet freedom, surveillance, cybersecurity, Edward Snowden and, most prolifically, cyber war. Behind the rhetoric of cyber war is an on-going state-centered battle for control of information resources. Shawn Powers and Michael Jablonski conceptualize this real cyber war as the utilization of digital networks for geopolitical purposes, including covert attacks against another state's electronic systems, but also, and more importantly, the variety of ways the internet is used to further a state’s economic and military agendas.
 
Moving beyond debates on the democratic value of new and emerging information technologies, The Real Cyber War focuses on political, economic, and geopolitical factors driving internet freedom policies, in particular the U.S. State Department's emerging doctrine in support of a universal freedom to connect. They argue that efforts to create a universal internet built upon Western legal, political, and social preferences is driven by economic and geopolitical motivations rather than the humanitarian and democratic ideals that typically accompany related policy discourse. In fact, the freedom-to-connect movement is intertwined with broader efforts to structure global society in ways that favor American and Western cultures, economies, and governments.
 
Thought-provoking and far-seeing, The Real Cyber War reveals how internet policies and governance have emerged as critical sites of geopolitical contestation, with results certain to shape statecraft, diplomacy, and conflict in the twenty-first century.
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Real del Monte
A British Silver Mining Venture in Mexico
By Robert W. Randall
University of Texas Press, 1972

To speak of mining in newly independent Mexico is to speak of silver. And silver, historically abundant in the Real del Monte–Pachuca district, was the object of the Company of Adventurers in the Mines of Real del Monte. Organized in response to a plea by Pedro Romero de Terreros for help in rehabilitating his famous family’s once-rich properties, the English Real del Monte was led by men convinced that the application of English capital, management practices, and technology to those ruined mines and mills would reap them a profit and would revitalize the new nation’s most promising industry.

The adventurers were to be disappointed. The story of the English company is one of financial disaster: the loss of more than $5 million between its beginning in 1824 and its dissolution in 1849. Yet this failure was ironic, for upon the foundations of the English company was built a modern concern that yielded great rewards to Mexican and American successors to the hapless Englishmen.

A full account of a single risky venture, this inquiry is a microcosm of early foreign economic penetration into the Mexican mining industry. It offers specific solutions to poorly understood historical problems concerning the wave of capital that flowed from Great Britain into Latin America upon the disruption of the Spanish Empire, problems hitherto treated only in generalizations.

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Reality and Rhetoric
Studies in the Economics of Development
P. T. Bauer
Harvard University Press, 1984

Reality and Rhetoric is the culmination of P. T. Bauer’s observations and reflections on Third World economies over a period of thirty years. He critically examines the central issues of market versus centrally planned economies, industrial development, official direct and multinational resource transfers to the Third World, immigration policy in the Third World, and economic methodology. In addition, he has written a fascinating account of recent papal doctrine on income inequality and redistribution in the Third World. The major themes that emerge are the importance of non-economic variables, particularly people’s aptitudes and mores, to economic growth; the unfortunate results of some current methods of economics; the subtle but important effects of the exchange economy on development; and the politicization of economic life in the Third World.

As in Bauer’s previous writings, this book is marked by elegant prose, apt examples, a broad economic-historical perspective, and the masterful use of informal reasoning.

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Reality Squared
Televisual Discourse on the Real
Friedman, James
Rutgers University Press, 2002

Reality Squared develops the scholarly discussion of the aesthetic of realism, documentary conventions, and modes of television broadcasting, in sophisticated new directions.  Friedman’s historical perspective is especially valuable since so much discussion of the new aesthetic of realism on television fails to take into account similar trends throughout television history.”—Ellen Seiter, professor of communication, University of California at San Diego

Reality Squared offers a rich variety of insights into the way television and new media make us believe in the worlds they represent. Spanning across the decades of early live TV to contemporary digital culture, this volume is an important history, not only of media but alsoof our perception of reality itself.”—Lynn Spigel, University of Southern California and author of Welcome to the Dreamhouse 

Through the 1980s and 1990s, the television industry and its critics have identified and promoted the re-emergence of “reality-based” television. During the past two decades, this type of programming has come to play a major role in both production decisions and network strategy. At the beginning of the twenty-first century, viewers’ desire for “reality TV” shows no signs of diminishing, as evidenced by the meteoric rise of shows such as Who Wants to be a Millionaire, Survivor, and MTV’s Real World

Although debates concerning the relationship between representational media and reality have occupied scholars and artists for quite some time, a surprisingly small number of books have examined this subject. As the title suggests, Reality Squared examines the representation of reality within the squared televisual viewing frame, as

well as the exponential growth of these representational programs on broadcast, cable TV, and even beyond, to the worldwide web. The contributors approach the issues surrounding television and reality from a wide range of theoretical and methodological perspectives. Topics include: the internet, the impact of global news events, weather predictions on the Weather Channel, and the representation of criminality on America’s

Most Wanted. This diverse volume contributes to the ongoing conversation about reality and representation, history and fiction, text and context, and the “inside” and “outside” of that box we call television.

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Reaping the Wind
How Mechanical Wizards, Visionaries, and Profiteers Helped Shape Our Energy Future
Peter Asmus
Island Press, 2000
From the solitary windmill standing sentry over a rural homestead to the sleek machinery of a modern wind farm, windmills are a powerful symbol of self-reliance and human ingenuity. Once the province of backyard tinkerers and eccentric inventors, they have over the past two decades entered the mainstream to be embraced by environmentalists, venture capitalists, and policymakers alike. But reaching that point wasn't easy.In Reaping the Wind, journalist Peter Asmus tells the fascinating and convoluted history of commercial wind power in the United States. He introduces readers to maverick scientists and technologists who labored in obscurity, to entrepreneurs and visionary capitalists who believed that a centuries-old idea could be made feasible in the modern world, and to enterprising financial advisers and investors who sought to exploit the last great tax shelter in federal history. Beginning with the early pioneers, from William Heronemus, a former U.S. Navy captain who dreamt of huge floating wind farms off the coast of New England, to the $40 million success story of Jim Dehlsen of Zond, he offers an animated narrative that profiles the colorful cast of characters involved with the development of the American wind power industry.Reaping the Wind is both engaging and instructive, with information about the technologies and policies that drive the industry and give it promise interwoven with the human story of the struggle to develop -- against great odds -- reliable, clean energy from a source as unpredictable and seemingly uncontrollable as the wind. Anyone interested in renewable energy or the human and political drama behind the development of new technologies will find the book an engrossing and enlightening read.
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The Rebel's Dilemma
Mark Irving Lichbach
University of Michigan Press, 1998
Since the mid 1960s, theorists have elaborated over two dozen different solutions to the collection action problem. During much of this same period, students of conflict have explored many questions about protest and rebellion. The Rebel's Dilemma examines what happens when one brings the full richness of collective action theories to bear on the many complex problems of collective dissent.
". . . a significant contribution to the understanding of collective behavior, protest, and rebellion." --Choice
"The book is interesting and thought-provoking, and its insights extend beyond the narrow subject of rebellion to help illuminate many issues related to organizing groups to undertake collective action." --Public Choice
"[Lichbach's] book is monumental and pivotal. . . . [It] consolidates over three decades of research on collective action problems and sets the agenda for future studies of collective dissent and rebellion. . . . [This] book is a major step forward. It will have an enormous impact in the field of conflict studies and belongs on the shelf of anyone even casually interested in dissent, rebellion, and revolution. . . . [This] book is a major step forward. It will have an enormous impact in the field of conflict studies and belongs on the shelf of anyone even casually interested in dissent, rebellion, and revolution." --American Political Science Review
"For scholars interested in game-theoretic analyses of politics . . . essential reading." --Manus I. Midlarsky, Journal of Politics
"Lichbach has to be praised for providing valuable insight on the logic of collective dissent. . . ." --Political Studies
Mark Irving Lichbach is Professor of Political Science, University of Colorado.
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Rebuilding Pulp And Paper Workers Union
1933-1941
Robert H. Zieger
University of Tennessee Press, 1984
This study of the pulp and paper workers' union helps explain the AFL's often limited response to worker militancy in the 1930s as well as the more institutionalized moderation that emerged from the labor upsurge. Zieger sympathetically explains the union's limited goals but steady achievements—i.e., raising wages, narrowing differentials, and organizing blacks, women, and ethnically diverse workers—without resorting to strikes.
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Recast Your City
How to Save Your Downtown with Small-Scale Manufacturing
Ilana Preuss
Island Press, 2021
Too many U.S. cities and towns have been focused on a model of economic development that relies on recruiting one big company (such as Amazon), a single industry (usually in technology), or pursuing other narrow or short-term fixes that are inequitable and unsustainable. Some cities and towns were changing, even before the historic retail collapse brought on by COVID-19. They started to shift to a new economic model that works with the community to invest in place in an inclusive and thoughtful way, with short-term wins that build momentum for long-term growth. A secret ingredient to this successful model is small-scale manufacturing.
 
In Recast Your City: How to Save Your Downtown with Small-Scale Manufacturing, community development expert Ilana Preuss explains how local leaders can revitalize their downtowns or neighborhood main streets by bringing in and supporting small-scale manufacturing. Small-scale manufacturing businesses help create thriving places, with local business ownership opportunities and well-paying jobs that other business types can’t fulfill.
 
Preuss draws from her experience working with local governments, large and small and illuminates her recommendations with real-world examples. She details her five-step method for recasting your city using small-scale manufacturing: (1) light the spark (assess what you can build on and establish goals); (2) find and connect (get out of your comfort zone and find connectors outside of your usual circles); (3) interview (talk to people and build trust); (4) analyze (look for patterns and gaps as well as what has not been said); and (5) act (identify short-term actions to help build long-term change). This work is difficult and sometimes uncomfortable, but necessary and critical for success. Preuss supports and inspires change by drawing from her work in cities from Knoxville, Tennessee, to Columbia, Missouri, to Fremont, California.
 
In Recast Your City, Preuss shows how communities across the country can build strong local businesses through small-scale manufacturing, reinvest in their downtowns, and create inclusive economic opportunity. Preuss provides tools that local leaders in government, business, and real estate as well as entrepreneurs and advocates in every community can use.
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Recasting Welfare Capitalism
Economic Adjustment in Contemporary France and Germany
Mark I. Vail
Temple University Press, 2009
In Recasting Welfare Capitalism, Mark Vail employs a sophisticated and original theoretical approach to compare welfare states and political-economic adjustment in Germany and France. He examines how and why institutional change takes place and what factors characterize economic evolution when moving from times of prosperity to more austere periods and back again. Covering the 1970s to the present, Vail analyzes social and economic reforms, including labor policy, social-insurance, and anti-poverty programs. He focuses on the tactics and actions of key political players, and demolishes the stagnation argument that suggests that France and Germany have largely frozen political economies, incapable of reform.

Vail finds that these respective evolutions involve interrelated changes in social and economic policies and are characterized by political relationships that are continuously renegotiated—often in unpredictable ways. In the process, he presents a compelling reconceptualization of change in both the welfare state and the broader political economy during an age of globalization.
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Re-Centring the City
Urban Mutations, Socialist Afterlives and the Global East
Edited by Jonathan Bach and Michal Murawski
University College London, 2019
Re-Centring the City rethinks the concept of the center in studies of the urban across the social sciences and humanities. Through cases ranging from Moscow and Berlin to Mexico City, Cairo, and Chennai, the contributions explore the tension between forces of decentering and recentering as they reshape the political, economic, and social fabric of the urban and force us to reconsider the genealogy of the contemporary global city.    
By drawing our attention back to the center as an object of analytical and empirical study, this book counters a long-term trend in both planning and urban scholarship that emphasizes decentralization as the hallmark of the twenty-first-century city. It argues that such a “centrifugal” turn in urban studies is neither empirically accurate nor normatively incontestable, especially when one looks beyond the West. Rather, as the contributions to this volume show, decentering obscures the ways in which the center continues to exert a powerful influence on cities of today. The concise chapters, situated at the intersection of urban studies, social anthropology, architecture, and art theory, provide new perspectives on the role of the center in defining the city’s terrain. Together, they constitute a collection of sharp, provocative interventions into debates about the transformation of global urban forms in the twenty-first century.
 
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Reclaiming the State
A Progressive Vision of Sovereignty for a Post-Neoliberal World
William Mitchell and Thomas Fazi
Pluto Press, 2017
Trump. Brexit. The alt-right. It’s increasingly apparent that old political notions—believed to be consigned to the dustbin of history—are now resurrected. The neonationalist, anti-globalization, and anti-establishment attitude engulfing the United States and United Kingdom hints suspiciously at a yearning for national sovereignty. Reclaiming the State offers an urgent and prescient political analysis and economic program for the Left who are strategizing for these uncertain times.
 
Many of our assumptions—about ideology, democracy, trade, and globalization—are being thrown into doubt, deposed by populism, nationalism, and racism. In response to these challenging times, economist Bill Mitchell and political theorist Thomas Fazi propose a reconceptualization of the sovereign state as a vehicle for change. They offer a progressive view of sovereignty based not on the demonization of the other, but as a way to bring the economy back under democratic control. With nationalism gaining support across the United States with each passing week, Reclaiaming the State provides innovative ideas to mobilize and reenergize a tired, divided Left.
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Recognizing Public Value
Mark H. Moore
Harvard University Press, 2013

Mark H. Moore’s now classic Creating Public Value offered advice to public managers about how to create public value. But that book left a key question unresolved: how could one recognize (in an accounting sense) when public value had been created? Here, Moore closes the gap by setting forth a philosophy of performance measurement that will help public managers name, observe, and sometimes count the value they produce, whether in education, public health, safety, crime prevention, housing, or other areas. Blending case studies with theory, he argues that private sector models built on customer satisfaction and the bottom line cannot be transferred to government agencies. The Public Value Account (PVA), which Moore develops as an alternative, outlines the values that citizens want to see produced by, and reflected in, agency operations. These include the achievement of collectively defined missions, the fairness with which agencies operate, and the satisfaction of clients and other stake-holders.

But strategic public managers also have to imagine and execute strategies that sustain or increase the value they create into the future. To help public managers with that task, Moore offers a Public Value Scorecard that focuses on the actions necessary to build legitimacy and support for the envisioned value, and on the innovations that have to be made in existing operational capacity.

Using his scorecard, Moore evaluates the real-world management strategies of such former public managers as D.C. Mayor Anthony Williams, NYPD Commissioner William Bratton, and Commissioner of the Minnesota Department of Revenue John James.

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Recommendations for Improving the Recruiting and Hiring of Los Angeles Firefighters
Chaitra M. Hardison
RAND Corporation, 2015
Reviews the Los Angeles Fire Department’s hiring practices as of June 2014 and outlines a recommended new firefighter hiring process that is intended to increase efficiency of the hiring process, bolster the evidence supporting the validity of it, and make it more transparent and inclusive.
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Reconstructing Contracts
Douglas G. Baird
Harvard University Press, 2013

Every legal system must decide how to distinguish between agreements that are enforceable and those that are not. Formal bargains in the marketplace and casual promises in a social setting mark the two extremes, but many hard cases lie between. When gaps are left in a contract, how should courts fill them? What does it mean to say that an agreement is legally enforceable? If someone breaks a legally enforceable contract, what consequences follow?

For 150 years, legal scholars have debated whether a set of coherent principles provide answers to such basic questions. Oliver Wendell Holmes put forward the affirmative case, arguing that bargained-for consideration, expectation damages, and a handful of related ideas captured the essence of contract law. The work of the next several generations, culminating in Grant Gilmore’s The Death of Contract in 1974, took a contrary view. The coherence Holmes had tried to bring to the field was illusory. It was more sensible to see contracts as merely a species of civil obligation and resist the temptation to impose rigid and artificial rules.

In Reconstructing Contracts, Douglas Baird takes stock of the current state of contract doctrine and in the process reinvigorates the classic framework of Anglo-American contract law. He shows that Holmes’s principles are fundamentally sound. Even if they lack that talismanic quality formerly ascribed to them, properly understood they continue to provide the best guide to contracts for a new generation of students, practitioners, and judges.

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Reconstructing Macroeconomics
Structuralist Proposals and Critiques of the Mainstream
Lance Taylor
Harvard University Press, 2004

Macroeconomics is in disarray. No one approach is dominant, and an increasing divide between theory and empirics is evident.

This book presents both a critique of mainstream macroeconomics from a structuralist perspective and an exposition of modern structuralist approaches. The fundamental assumption of structuralism is that it is impossible to understand a macroeconomy without understanding its major institutions and distributive relationships across productive sectors and social groups.

Lance Taylor focuses his critique on mainstream monetarist, new classical, new Keynesian, and growth models. He examines them from a historical perspective, tracing monetarism from its eighteenth-century roots and comparing current monetarist and new classical models with those of the post-Wicksellian, pre-Keynesian generation of macroeconomists. He contrasts the new Keynesian vision with Keynes's General Theory, and analyzes contemporary growth theories against long traditions of thought about economic development and structural change.

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Reconstructing the National Bank Controversy
Politics and Law in the Early American Republic
Eric Lomazoff
University of Chicago Press, 2018
The Bank of the United States sparked several rounds of intense debate over the meaning of the Constitution’s Necessary and Proper Clause, which authorizes the federal government to make laws that are “necessary” for exercising its other powers. Our standard account of the national bank controversy, however, is incomplete. The controversy was much more dynamic than a two-sided debate over a single constitutional provision and was shaped as much by politics as by law.

With Reconstructing the National Bank Controversy, Eric Lomazoff offers a far more robust account of the constitutional politics of national banking between 1791 and 1832. During that time, three forces—changes within the Bank itself, growing tension over federal power within the Republican coalition, and the endurance of monetary turmoil beyond the War of 1812 —drove the development of our first major debate over the scope of federal power at least as much as the formal dimensions of the Constitution or the absence of a shared legal definition for the word “necessary.” These three forces—sometimes alone, sometimes in combination—repeatedly reshaped the terms on which the Bank’s constitutionality was contested. Lomazoff documents how these three dimensions of the polity changed over time and traces the manner in which they periodically led federal officials to adjust their claims about the Bank’s constitutionality. This includes the emergence of the Coinage Clause—which gives Congress power to “coin money, regulate the value thereof”—as a novel justification for the institution. He concludes the book by explaining why a more robust account of the national bank controversy can help us understand the constitutional basis for modern American monetary politics.
 
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Recursive Methods in Economic Dynamics
Nancy L. Stokey and Robert E. Lucas, Jr.
Harvard University Press, 1989

Three eminent economists provide in this book a rigorous, self-contained treatment of modern economic dynamics. Nancy L. Stokey, Robert E. Lucas, Jr., and Edward C. Prescott develop the basic methods of recursive analysis and emphasize the many areas where they can usefully be applied.

After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first-order difference equations. They then treat stochastic dynamic programming and the convergence theory of discrete-time Markov processes, illustrating each with additional economic applications. They also derive a strong law of large numbers for Markov processes. Finally, they present the two fundamental theorems of welfare economics and show how to apply the methods developed earlier to general equilibrium systems.

The authors go on to apply their methods to many areas of economics. Models of firm and industry investment, household consumption behavior, long-run growth, capital accumulation, job search, job matching, inventory behavior, asset pricing, and money demand are among those they use to show how predictions can be made about individual and social behavior. Researchers and graduate students in many areas of economics, both theoretical and applied, will find this book essential.

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Recycling and Incineration
Evaluating The Choices
Richard A. Denison and John Ruston; Environmental Defense Fund
Island Press, 1990

Recycling and Incineration presents information on the technology, economics, environmental concerns, and legal intricacies behind recycling and incineration programs.

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Red Chicago
American Communism at Its Grassroots, 1928-35
Randi Storch
University of Illinois Press, 2007

Red Chicago is a social history of American Communism set within the context of Chicago's neighborhoods, industries, and radical traditions. Using local party records, oral histories, union records, party newspapers, and government documents, Randi Storch fills the gap between Leninist principles and the day-to-day activities of Chicago's rank-and-file Communists.

Uncovering rich new evidence from Moscow's former party archive, Storch argues that although the American Communist Party was an international organization strongly influenced by the Soviet Union, at the city level it was a more vibrant and flexible organization responsible to local needs and concerns. Thus, while working for a better welfare system, fairer unions, and racial equality, Chicago's Communists created a movement that at times departed from international party leaders' intentions. By focusing on the experience of Chicago's Communists, who included a large working-class, African American, and ethnic population, this study reexamines party members' actions as an integral part of the communities and industries in which they lived and worked.

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Red Metal
The Calumet and Hecla Story
C. Harry Benedict
University of Michigan Press, 1952
Red Metal is a different kind of book on American industrial history. It’s a dramatic story linked to the present by the energies and fortunes of the men who move in colorful realism through its pages; it’s a story of fortunes and misfortunes, of foresight and mistakes, of successes and failures of American enterprise relating to the largest of the copper mines of the Upper Peninsula of Michigan. The story traces the development of one of the oldest and richest copper companies in America. From the pathless wilds in which the great Calumet conglomerate ore body was first discovered came the achievement of many years of world leadership in the copper industry and the present aspects of a company with manufacturing plants that fabricate products of copper, copper-base alloys, aluminum, and steel.
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Redeeming Objects
A West German Mythology
Natalie Scholz
University of Wisconsin Press, 2023
Redeeming Objects traces the afterlives of things. Out of the rubble of World War II and the Holocaust, the Federal Republic of Germany emerged, and with it a foundational myth of the “economic miracle.” In this narrative, a new mass consumer society based on the production, export, and consumption of goods would redeem West Germany from its Nazi past and drive its rebirth as a truly modern nation. Turning this narrative on its head, Natalie Scholz shows that West Germany’s consumerist ideology took shape through the reinvention of commodities previously tied to Nazism into symbols of Germany’s modernity, economic supremacy, and international prestige. 

Postwar advertising, film, and print culture sought to divest mass-produced goods—such as the Volkswagen and modern interiors—of their fascist legacies. But Scholz demonstrates that postwar representations were saturated with unacknowledged references to the Nazi past. Drawing on a vast array of popular and highbrow publications and films, Redeeming Objects adds a new perspective to debates about postwar reconstruction, memory, and consumerism. 
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Redeeming Work
A Guide to Discovering God's Calling for Your Career
Bryan J. Dik
Templeton Press, 2020
The world of work is changing rapidly. As a Christian trying to discern the right career path, you might perceive the marketplace as a bewildering and anxiety-provoking place. You might even worry you’ll have to sacrifice your values to have a successful career. How can you hope to find work that is informed by faith and that serves God’s will? Redeeming Work was written to answer just this question.   
The author, Bryan Dik, PhD, is one of the leading psychologists in the world who specializes in vocation. A professor, entrepreneur, and follower of Christ, Dik wrote this book as a labor of love after devoting his career to research and development of practical strategies for helping others find purposeful work. His message: there are abundant opportunities for Christians to forge careers that answer God’s calling for their lives. In Redeeming Work, he shares the tools you need to find these opportunities and pursue them successfully.
Your purchase of Redeeming Work comes with a special bonus: free access to an evidence-based online career assessment system called PathwayU. By taking this assessment, you’ll learn about what makes you unique, including what you enjoy (interests), what matters to you (values), your general tendencies (personality), and what you most need from an organization (workplace preferences). Then, you’ll be able to explore career paths (and current job openings) that fit the pattern of gifts God has given you.
 
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Reducing Inflation
Motivation and Strategy
Edited by Christina D. Romer and David H. Romer
University of Chicago Press, 1997
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation.

Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries.

This timely volume should be read by anyone who studies or conducts monetary policy.
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Reducing Workweeks
Fred Best, foreword by Herbert J. Gans
Temple University Press, 1988

International competition and variable economic conditions have brought the threat of layoffs to the doorsteps of workers and managers in all sectors of our economy. One response to this problem is Unemployment Insurance-Supported Work Sharing. This new and promising program reduces the human and economic costs of layoffs by providing partial unemployment benefits to employees who have their workweeks reduced as an alternative to layoffs. Fred Best provides a balanced and thorough assessment of this policy in the United States, Canada, and Europe.

Unemployment Insurance-Supported Work Sharing maintains the income and fringe benefits of all workers at near full-time levels, enabling firms to maintain the skills and working relations of their employees and preventing undue hardships among those who would otherwise lose their jobs.

Best summarizes the history and effectiveness of these programs in terms of their economic and human impacts on employers, employees, government, and the economy. He presents key insights on how worktime and worker management cooperation can become powerful tools for combating joblessness and increasing economic performance. This definitive account of an important experiment in work hours will be of critical importance to managers, workers, policymakers, economists, and those concerned with employment issues.



In the series Labor and Social Change, edited by Paula Rayman and Carmen Sirianni.

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The Reform of Bismarckian Pension Systems
A Comparison of Pension Politics in Austria, France, Germany, Italy and Sweden
Martin Schludi
Amsterdam University Press, 2005
Sluggish economic growth, rising unemployment, and a rapidly aging population all exert financial pressure on public pension systems and highlight the need for major reform. Martin Schludi traces the political process of pension reform in Austria, France, Germany, Italy, and Sweden from the 1980s onward and skillfully analyzes the various political and economic factors in pension reform, such as gaining public support for policy initiatives. Schludi also considers case studies that range from successfully restructured pension arrangements to complete policy failures. This volume is an essential and valuable resource that demystifies the complex factors involved in social policy reforms driven by fiscal concerns.
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Reform, Recovery, and Growth
Latin America and the Middle East
Edited by Rudiger Dornbusch and Sebastian Edwards
University of Chicago Press, 1994
The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth explains why some of these countries have recovered from the debt crisis, while more than a decade later others continue to stagnate.

Among the questions addressed are: What are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost? What are the effects of structural reforms, especially trade liberalization, deregulation, and privatization, on growth in the short and long runs? How do macroeconomic instability and adjustment policies affect income distribution and poverty? How does the specific design of structural adjustment efforts affect results?

In this companion to Macroeconomics of Populism in Latin America, the authors confirm that macroeconomic stability has a positive effect on income distribution. The volume presents case studies that describe in detail the stabilization experiences in Brazil, Israel, Argentina, and Bolivia, and also includes discussion of Chile, Mexico, Peru, and Turkey.
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Reforming Economic Systems in Developing Countries
Dwight H. Perkins
Harvard University Press, 1991

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Reforming Products Liability
W. Kip Viscusi
Harvard University Press, 1991

The current products liability crisis is both familiar and puzzling: million-dollar awards for apparently frivolous claims, inadequate settlements for thousands of people with severe injuries, skyrocketing insurance premiums, an overburdened judicial system. The adverse effects of this crisis on product innovation may be particularly detrimental to the extent that they deprive consumers of newer and safer goods. W. Kip Viscusi offers the first comprehensive and objective analysis of the crisis. He employs extensive, original empirical data to diagnose the causes and to assess the merits of alternative reform policies.

Drawing on both liability insurance trends and litigation patterns, Viscusi shows that the products liability crisis is not simply a phenomenon of the 1980s but has been developing for several decades. He argues that the principal causes have been the expansion of the doctrine of design defect, the emergence of mass toxic torts, and the increase in lawsuits involving hazard warnings. This explanation differs sharply from that of most other scholars, who blame the doctrine of strict liability. Viscusi reformulates the concept of design defect, grounding it in sound economic analysis. He also evaluates public policy regarding hazard warnings and proposes a new national approach.

More generally, the author sketches a comprehensive social risk policy, in which tort liability interacts with government health and safety regulation to foster a coherent set of institutional responses to health and safety risks. Reforming Products Liability will be of special interest to lawyers, judges, policymakers, economists, and all those interested in legal policy and health and safety issues.

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Reforming the Welfare State
Recovery and Beyond in Sweden
Edited by Richard B. Freeman, Birgitta Swedenborg, and Robert H. Topel
University of Chicago Press, 2010
Over the course of the twentieth century, Sweden carried out one of the most ambitious experiments by a capitalist market economy in developing a large and active welfare state. Sweden's generous social programs and the economic equality they fostered became an example for other countries to emulate. Of late, Sweden has also been much discussed as a model of how to deal with financial and economic crisis, due to the country's recovery from a banking crisis in the mid-1990s. At that time economists heatedly debated whether the welfare state caused Sweden's crisis and should be reformed—a debate with clear parallels to current concerns over capitalism. 
Bringing together leading economists, Reforming the Welfare State examines Sweden's policies in response to the mid-1990s crisis and the implications for the subsequent recovery. Among the issues investigated are the way changes in the labor market, tax and benefit policies, local government policy, industrial structure, and international trade affected Sweden's recovery. The way that Sweden addressed its economic challenges provides valuable insight into the viability of large welfare states, and more broadly, into the way modern economies deal with crisis.
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A Region at Risk
The Third Regional Plan For The New York-New Jersey-Connecticut Metropolitan Area
Robert D. Yaro and Tony Hiss
Island Press, 1996

Regional Plan Association, the nation's oldest regional planning organization, has worked since 1929 to improve the quality of life in the New York-New Jersey-Connecticut metropolitan area. The Association has crafted two long-term plans and successfully promoted their implementation through advocacy and coalition building.

The Association's Third Regional Plan describes a series of key initiatives aimed at not only improving quality of life, but also at increasing economic competitiveness, encouraging more sustainable patterns of growth, and expanding opportunities and choice in employment, housing, and community.

The Plan presents five major campaigns, each of which combines the goals of economic, equity, and environmental improvements. They are:

  • Greensward -- to protect and restore large natural resource systems at the periphery of urbanized areas
  • Centers -- to "recenter" regions that have experienced decades of sprawl growth
  • Mobility -- to transform existing transit infrastructure to create a regional express rail network that would dramatically improve public transit, reduce highway congestion, and speed freight movement
  • Workforce -- to provide the region's workforce with the skills and opportunities needed to participate in the economy of the future
  • Governance -- to rationalize the activities of existing authorities, encourage service sharing among municipal governments, and encourage more effective state and regional land-use planning programs

While focusing on the New York-New Jersey-Connecticut metropolitan area, the Plan's broad themes have universal applicability to regions throughout the industrialized world.

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Regional Advantage
Culture and Competition in Silicon Valley and Route 128
AnnaLee Saxenian
Harvard University Press, 1994
Why, in the ’90s, did business flourish in California’s Silicon Valley but decline along Route 128 in Massachusetts? The answer, Saxenian suggests, has to do with the fact that Silicon Valley developed a decentralized but cooperative industrial system while Route 128 came to be dominated by independent, self-sufficient corporations.
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Regional Advantage
Culture and Competition in Silicon Valley and Route 128, With a New Preface by the Author
AnnaLee Saxenian
Harvard University Press, 1996
Why is it that in the ’90s, business in California’s Silicon Valley flourished, while along Route 128 in Massachusetts it declined? The answer, Annalee Saxenian suggests, has to do with the fact that despite similar histories and technologies, Silicon Valley developed a decentralized but cooperative industrial system while Route 128 came to be dominated by independent, self-sufficient corporations. The result of more than one hundred interviews, this compelling analysis highlights the importance of local sources of competitive advantage in a volatile world economy.
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Regional and Global Capital Flows
Macroeconomic Causes and Consequences
Edited by Takatoshi Ito and Anne O. Krueger
University of Chicago Press, 2001
The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly "globalized." Here Takatoshi Ito and Anne O. Krueger, two leading experts on this topic, have assembled a group of scholars who address different types of capital flows—bank lending, bonds, direct foreign investment—and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model for policy makers everywhere in thinking about the role of private capital flows.
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The Regional City
Peter Calthorpe and William Fulton
Island Press, 2001

Most Americans today do not live in discrete cities and towns, but rather in an aggregation of cities and suburbs that forms one basic economic, multi-cultural, environmental and civic entity. These “regional cities” have the potential to significantly improve the quality of our lives--to provide interconnected and diverse economic centers, transportation choices, and a variety of human-scale communities. In The Regional City, two of the most innovative thinkers in the field of land use planning and design offer a detailed look at this new metropolitan form and explain how regional-scale planning and design can help direct growth wisely and reverse current trends in land use. The authors:

  • discuss the nature and underpinnings of this new metropolitan form
  • present their view of the policies and physical design principles required for metropolitan areas to transform themselves into regional cities
  • document the combination of physical design and social and economic policies that are being used across the country
  • consider the main factors that are shaping metropolitan regions today, including the maturation of sprawling suburbs and the renewal of urban neighborhoods
Featuring full-color graphics and in-depth case studies, The Regional City offers a thorough examination of the concept of regional planning along with examples of successful initiatives from around the country. It will be must reading for planners, architects, landscape architects, local officials, real estate developers, community development professionals, and for students in architecture, urban planning, and policy.
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Regionalism and Rivalry
Japan and the U.S. in Pacific Asia
Edited by Jeffrey A. Frankel and Miles Kahler
University of Chicago Press, 1993
As Japan's newfound economic power leads to increased political power, there is concern that Japan may be turning East Asia into a regional economic bloc to rival the U.S. and Europe. In Regionalism and Rivalry, leading economists and political scientists address this concern by looking at three central questions: Is Japan forming a trading bloc in Pacific Asia? Does Japan use foreign direct investment in Southeast Asia to achieve national goals? Does Japan possess the leadership qualities necessary for a nation assuming greater political responsibility in international affairs?

The authors contend that although intraregional trade in East Asia is growing rapidly, a trade bloc is not necessarily forming. They show that the trade increase can be explained entirely by factors independent of discriminatory trading arrangements, such as the rapid growth of East Asian economies. Other chapters look in detail at cases of Japanese direct investment in Southeast Asia and find little evidence of attempts by Japan to use the power of its multinational corporations for political purposes. A third group of papers attempt to gauge Japan's leadership characteristics. They focus on Japan's "technology ideology," its contributions to international public goods, international monetary cooperation, and economic liberalization in East Asia.
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Regionalism versus Multilateral Trade Arrangements
Edited by Takatoshi Ito and Anne O. Krueger
University of Chicago Press, 1997
There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
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The Regionalization of the World Economy
Edited by Jeffrey A. Frankel
University of Chicago Press, 1997
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade.
Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.
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The Regulated Economy
A Historical Approach to Political Economy
Edited by Claudia Goldin and Gary D. Libecap
University of Chicago Press, 1994
How has the United States government grown? What political and economic factors have given rise to its regulation of the economy? These eight case studies explore the late-nineteenth- and early twentieth-century origins of government intervention in the United States economy, focusing on the political influence of special interest groups in the development of economic regulation.

The Regulated Economy examines how constituent groups emerged and demanded government action to solve perceived economic problems, such as exorbitant railroad and utility rates, bank failure, falling agricultural prices, the immigration of low-skilled workers, workplace injury, and the financing of government. The contributors look at how preexisting policies, institutions, and market structures shaped regulatory activity; the origins of regulatory movements at the state and local levels; the effects of consensus-building on the timing and content of legislation; and how well government policies reflect constituency interests.

A wide-ranging historical view of the way interest group demands and political bargaining have influenced the growth of economic regulation in the United States, this book is important reading for economists, political scientists, and public policy experts.
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Regulating a New Economy
Public Policy and Economic Change in America, 1900–1933
Morton Keller
Harvard University Press, 1990
Morton Keller, a leading scholar of twentieth-century American history, describes the complex interplay between rapid economic change and regulatory policy. In its portrait of the response of American politics and law to a changing economy, this book provides a fresh understanding of emerging public policy for a modern nation.
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Regulating Infrastructure
Monopoly, Contracts, and Discretion
José A. Gómez-Ibáñez
Harvard University Press, 2006

In the 1980s and ’90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways—with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California’s wholesale electricity market and the bankruptcy of Britain’s largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate “natural monopolies”—those infrastructure and utility services whose technologies make competition impractical?

Rather than sticking to economics, José Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches—including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary—over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers—and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed.

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Regulation versus Litigation
Perspectives from Economics and Law
Edited by Daniel P. Kessler
University of Chicago Press, 2010
 
The efficacy of various political institutions is the subject of intense debate between proponents of broad legislative standards enforced through litigation and those who prefer regulation by administrative agencies. This book explores the trade-offs between litigation and regulation, the circumstances in which one approach may outperform the other, and the principles that affect the choice between addressing particular economic activities with one system or the other. Combining theoretical analysis with empirical investigation in a range of industries, including public health, financial markets, medical care, and workplace safety, Regulation versus Litigation sheds light on the costs and benefits of two important instruments of economic policy.

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Regulatory Barriers and the Principle of Non-discrimination in World Trade Law
Past, Present, and Future
Thomas Cottier and Petros C. Mavroidis, Editors
University of Michigan Press, 2000
The University of Michigan Press is pleased to announce the second volume in an annual series, the World Trade Forum. The Forum's members include scholars, lawyers, and government and business practitioners working in the area of international trade, law, and policy. They meet annually to discuss integration issues in international economic relations, focusing on a new theme each year.
The World Trade Forum 1998 deals with the issue of regulatory barriers. Contributors focus their attention on the implications that government intervention has on the principle of nondiscrimination, the cornerstone of the World Trade Organization. The chapters, which cover both the positive and the normative level, deal in particular with the issue of "like product" definition, and with mutual recognition agreements. The relevant WTO case law is presented and analyzed, and the roundtable discussions are primarily aimed at clarifying to what extent a constitutional function should be assigned to the WTO organs, if at all.
Contributors include: Christoph Bail, Jacques Bourgeois, Marco Bronckers, Thomas Cottier, William Davey, Paul Demaret, Piet Eeckhout, Crawford Falconer, Olivier Guillod, Meinhard Hilf, Gary Horlick, Robert Howse, Robert Hudec, Patrick Low, Aaditya Mattoo, Petros C. Mavroidis, Patrick Messerlin, Damien Neven, Kalypso Nicolaidis, David Palmeter, Ernst Ulrich Petresmann, Andre Sapir, and Michel Waelbroeck.
Thomas Cottier is Professor of Law, Institute of European and International Economic Law, University of Bern Law School. Petros C. Mavroidis is Professor of Law, University of Neuchâtel.
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Regulatory Justice
Implementing a Wage-Price Freeze
Robert A. Kagan
Russell Sage Foundation, 1978
Regulatory Justice is based on a case study of two closely linked federal agencies—the Cost of Living Council (CLC) and the Office of Emergency Preparedness (OEP)—which administered a nationwide wage-price freeze in 1971.
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The Reimagined PhD
Navigating 21st Century Humanities Education
Leanne M Horinko
Rutgers University Press, 2021
Long seen as proving grounds for professors, PhD programs have begun to shed this singular sense of mission. Prompted by poor placement numbers and guided by the efforts of academic organizations, administrators and faculty are beginning to feel called to equip students for a range of careers. Yet, graduate students, faculty, and administrators often feel ill-prepared for this pivot. The Reimagined PhD assembles an array of professionals to address this difficult issue. The contributors show that students, faculty, and administrators must collaborate in order to prepare the 21st century PhD for a wide range of careers. The volume also undercuts the insidious notion that career preparation is a zero sum game in which time spent preparing for alternate careers detracts from professorial training. In doing so, The Reimagined PhD normalizes the multiple career paths open to PhD students, while providing practical advice geared to help students, faculty, and administrators incorporate professional skills into graduate training, build career networks, and prepare PhDs for a variety of careers.
 
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Reimagining Livelihoods
Life beyond Economy, Society, and Environment
Ethan Miller
University of Minnesota Press, 2019

A provocative reassessment of the concepts underlying the struggle for sustainable development

Much of the debate over sustainable development revolves around how to balance the competing demands of economic development, social well-being, and environmental protection. “Jobs vs. environment” is only one of the many forms that such struggles take. But what if the very terms of this debate are part of the problem? Reimagining Livelihoods argues that the “hegemonic trio” of economy, society, and environment not only fails to describe the actual world around us but poses a tremendous obstacle to enacting a truly sustainable future.

In a rich blend of ethnography and theory, Reimagining Livelihoods engages with questions of development in the state of Maine to trace the dangerous effects of contemporary stories that simplify and domesticate conflict. As in so many other places around the world, the trio of economy, society, and environment in Maine produces a particular space of “common sense” within which struggles over life and livelihood unfold. Yet the terms of engagement embodied by this trio are neither innocent nor inevitable. It is a contingent, historically produced configuration, born from the throes of capitalist industrialism and colonialism. Drawing in part on his own participation in the struggle over the Plum Creek Corporation’s “concept plan” for a major resort development on the shores of Moosehead Lake in northern Maine, Ethan Miller articulates a rich framework for engaging with the ethical and political challenges of building ecological livelihoods among diverse human and nonhuman communities. 

In seeking a pathway for transformative thought that is both critical and affirmative, Reimagining Livelihoods provides new frames of reference for living together on an increasingly volatile Earth.

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Reinsuring Health
Why More Middle-Class People Are Uninsured and What Government Can Do
Katherine Swartz
Russell Sage Foundation, 2006
America's current system of health insurance, which relies almost exclusively on employer-sponsored coverage, is in danger of collapse, and this problem is not limited to the poor and working class. An increasing number of middle class Americans do not have employer-provided insurance and—due to skyrocketing premiums—cannot afford to purchase coverage for themselves. Reinsuring Health, by economist Katherine Swartz, examines this growing national crisis and outlines a concrete plan to make health insurance accessible and affordable for all Americans. Reinsuring Health documents why the number of uninsured Americans—now 45.5 million people—has grown in the last twenty-five years. Swartz focuses on how labor market changes—such as the decline of domestic manufacturing, decreased unionization, and the growth of non-standard work arrangements—have led U.S. employers to retreat from providing health insurance for their workers. These trends, combined with the increasing costs of medical care, have led to an explosion in health insurance premiums and a decline in coverage, particularly among the middle-class. Since those who seek insurance as individuals are generally most likely to need health care, private insurers charge higher premiums in the individual (non-group) markets than to people who obtain group insurance. This makes individual health insurance less attractive to the young and increasingly unaffordable for middle-class Americans. Similarly, insurers charge higher per person (or per family) premiums to small firms than to large companies, so many small firms do not sponsor coverage for their employees. Reinsuring Health shows how these problems can be overcome if the federal government provides a new reinsurance program which would protect insurance companies that provide small group and individual health insurance against the possibility that their policy-holders will incur very high medical expenses. By assuming some of the risk that people will face extremely costly medical bills, the government will make insurers less hesitant to offer coverage to high-risk individuals, and will help drive down premiums for others. Reinsuring Health demonstrates that this form of government reinsurance has worked in the past, helping to establish smooth running private markets for catastrophe insurance and secondary mortgages. Today, growing numbers of middle class Americans lack health insurance. Protection against the possibility of falling ill or getting hurt and having to pay extraordinary health care bills should not be a luxury available only to the very rich and the very poor. Reinsuring Health proposes a straightforward solution that would bring health insurance back within the reach of the increasing ranks of the uninsured, particularly those who are in the middle class.
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Reinventing Electric Utilities
Competition, Citizen Action, and Clean Power
Ed Smeloff and Peter Asmus; Foreword by Amory Lovins
Island Press, 1997

Traditionally protected as monopolies, electric utilities are now being caught in the fervor for deregulation that is sweeping the country. Nearly forty states have enacted or are considering laws and regulations that will profoundly alter the way the electric utility industry is governed. Concerned citizens are beginning to ponder the environmental implications of such a change, and while many fear that the pressure of competition will exacerbate environmental problems, others argue that deregulation provides a tremendous opportunity for citizens to work toward promoting cleaner energy and a more sustainable way of life.

In Reinventing Electric Utilities, Ed Smeloff and Peter Asmus consider the challenges for citizens and the utility industry in this new era of competition. Through an in-depth case study of the Sacramento Municipal Utility District (SMUD), a once-troubled utility that is now widely regarded as a model for energy efficiency and renewable energy development, they explore the changes that have occurred in the utility industry, and the implications of those changes for the future. The SMUD portrait is complemented by regional case studies of Portland General Electric and the Washington Public Power Supply System, the New England Electric Service, Northern States Power, the Electricity Reliability Council of Texas, and others that highlight the efforts of citizen groups and utilities to eliminate unproductive and environmentally damaging sources of power and to promote the use of new, cleaner energy technologies.

The authors present and explain some of the fundamental principles that govern restructuring, while acknowledging that solutions will depend upon the unique resource needs, culture, and utility structure of each particular region. Smeloff and Asmus argue that any politically sustainable restructuring of the electric services industry must address the industry's high capital cost commitments and environmental burdens.

Throughout, they make the case that with creative leadership, open and competitive markets, and the active participation of citizens, this upheaval offers a unique opportunity for electric utilities to lessen the burden of electricity production on the environment and reduce the cost of electric services through the use of more competitive, cleaner power sources.

While neither technological innovation nor the magic of the market will in and of itself reinvent the electric utility industry, the influence of those dynamic forces must be understood. Reinventing Electric Utilities is an important work for policymakers, energy professionals, and anyone concerned about the future of the electric services industry.

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Reinventing State Capitalism
Leviathan in Business, Brazil and Beyond
Aldo Musacchio and Sergio G. Lazzarini
Harvard University Press, 2014

The wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called “national champions”). Focusing on a detailed quantitative assessment of Brazil’s economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance.

According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities.

Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.

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Reinventing Texas Government
By Michael Lauderdale
University of Texas Press, 1999

The Survey of Organizational Excellence is revolutionizing the operation of Texas state agencies and other governmental and private organizations. Developed and refined over the last twenty years by a team of researchers led by Michael Lauderdale, the survey is a proven tool for improving the effectiveness of state government services through surveys of employee attitudes toward their organizations.

In this book, Lauderdale gives a history of the survey and its use under four governors, including George W. Bush. He explains what the survey is, how to use it, and how to apply its results to organizational change and improvement. Step-by-step instructions for planning, implementing, and evaluating the survey are enhanced with real-life case studies from the 140,000 surveys that have been distributed and used by more than 75 different organizations. Lauderdale also sets the survey in a broader perspective by identifying some of the forces currently impelling change in organizations throughout our society and exploring where this push for change is taking us.

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Reinventing the State
Economic Strategy and Institutional Change in Peru
Carol Wise
University of Michigan Press, 2003
The political economic history of Latin America in the post-World War II era has largely been one of underachievement and opportunities lost. This all changed with the wave of market reforms that were implemented in the 1990s. However, the precise role of these reforms as an agent of change is still hotly debated. This in-depth analysis of the Peruvian case argues for an explanation that treats institutional innovation and state reconstruction as necessary conditions for the apparent success of the market in Latin America.
Exploring how state intervention has been both the cause of Latin America's economic downfall in the 1980s and the solution to its recovery, Reinventing the State analyzes three main phases of state intervention: the developmentalism that lasted until 1982, the state in retreat of the 1980s, and the streamlined state of the 1990s. Through a comprehensive examination of the Peruvian experience, the book explains the country's impressive turnaround from the standpoint of institutional modernization and internal state reform.
Written for a broad academic audience, the public-policy community, and the private sector, this book is also meant as a quick primer for any journalist, consultant, or private-sector analyst in need of an overview of the region's market-reform effort and how it has played out in Peru.
Carol Wise is Associate Professor, School of International Relations, University of Southern California.
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Reinventing the Supply Chain
A 21st-Century Covenant with America
Georgetown University Press, 2023

An original vision for using technology to transform supply chains into value chains in order to revitalize American communities

When the COVID-19 pandemic led to a global economic “shutdown” in March 2020, our supply chains began to fail, and out-of-stocks and delivery delays became the new norm. Contrary to public perception, the pandemic strain did not break the current system of supply chains; it merely exposed weaknesses and fault lines that were decades in the making, and which were already acutely felt in deindustrialized cities and depopulated rural towns throughout the United States.

Reinventing the Supply Chain explores the historical role of supply chains in the global economy, outlines where the system went wrong and what needs to be done to fix it, and demonstrates how a retooled supply chain can lead to the revitalization of American communities. Jack Buffington proposes a transformation of the global supply chain system into a community-based value chain, led by the communities themselves and driven by digital platforms for raising capital and blockchain technology.

Buffington proposes new solutions to problems that have been decades in the making. With clear analysis and profound insight, Buffington provides a clear roadmap to a more durable and efficient system.

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Reluctant Capitalists
Bookselling and the Culture of Consumption
Laura J. Miller
University of Chicago Press, 2006
Over the past half-century, bookselling, like many retail industries, has evolved from an arena dominated by independent bookstores to one in which chain stores have significant market share. And as in other areas of retail, this transformation has often been a less-than-smooth process. This has been especially pronounced in bookselling, argues Laura J. Miller, because more than most other consumer goods, books are the focus of passionate debate. What drives that debate? And why do so many people believe that bookselling should be immune to questions of profit?

In Reluctant Capitalists, Miller looks at a century of book retailing, demonstrating that the independent/chain dynamic is not entirely new. It began one hundred years ago when department stores began selling books, continued through the 1960s with the emergence of national chain stores, and exploded with the formation of “superstores” in the 1990s. The advent of the Internet has further spurred tremendous changes in how booksellers approach their business. All of these changes have met resistance from book professionals and readers who believe that the book business should somehow be “above” market forces and instead embrace more noble priorities.

Miller uses interviews with bookstore customers and members of the book industry to explain why books evoke such distinct and heated reactions. She reveals why customers have such fierce loyalty to certain bookstores and why they identify so strongly with different types of books. In the process, she also teases out the meanings of retailing and consumption in American culture at large, underscoring her point that any type of consumer behavior is inevitably political, with consequences for communities as well as commercial institutions.
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Reluctant Partners
A History of Multilateral Trade Cooperation, 1850-2000
Andrew G. Brown
University of Michigan Press, 2003
With globalization drawing countries closer together, greater international cooperation is essential for peace and stability. The collective arrangement made by governments to manage their trade relations is one of the few successes of globalization. This book assesses the progress of multilateral trade cooperation, exploring the interests at work and the issues raised in successive postwar rounds of negotiations. It traces how the narrow perception of reciprocity has gradually yielded to a broader evaluation of the benefits to the regime as a whole as the major trading nations have mutually reduced trade barriers. Andrew G. Brown demonstrates the increasing importance of rule making and shows the diversity of issues on which negotiations have focused, such as customs procedures, technical standards, subsidies, anti-dumping duties, intellectual property rights, and the treatment of foreign direct investment. Despite the progress, however, the regime has remained vulnerable. The book also analyzes the major sources of strain that have been evident.
This is a nontechnical book for those curious about the possibilities for cooperation among states and should be of interest to both the nonspecialist and the specialist. It draws on more than one discipline to interpret the events, lying in the triangle bounded by political science, economics, and history.
Andrew G. Brown is a former Director of the General Analysis and Policies Division for the United Nations, New York.
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Remembering Ludlow but Forgetting the Columbine
The 1927-1928 Colorado Coal Strike
by Leigh Campbell-Hale
University Press of Colorado, 2022
Mining the American West

Remembering Ludlow but Forgetting the Columbine examines the causes, context, and legacies of the 1927 Columbine Massacre in relation to the history of labor organizing and coal mining in both Colorado and the United States. While historians have written prolifically about the 1914 Ludlow Massacre, there has been a lack of attention to the violent event remembered now as the Columbine Massacre in which police shot and killed six striking coal miners and wounded sixty more protestors during the 1927–1928 Colorado Coal Strike, even though its aftermath exerted far more influence upon subsequent national labor policies.
 
This volume is a comparative biography of three key participants before, during, and after the strike: A. S. Embree, the IWW strike leader; Josephine Roche, the owner of the coal mine property where the Columbine Massacre took place; and Powers Hapgood, who came to work for Roche four months after she signed the 1928 United Mine Worker’s contract. The author demonstrates the significance of this event to national debates about labor during the period, as well as changes and continuities in labor history starting in the progressive era and continuing with 1930s New Deal labor policies and through the 1980s.
 
This examination of the 1927–1928 Colorado Coal Strike reorients understandings of labor history from the 1920s through the 1960s and the construction of public memory—and forgetting—surrounding those events. Remembering Ludlow but Forgetting the Columbine appeals to academic and general readers interested in Colorado history, labor history, mining history, gender studies, memory, and historiography.
 
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Remittance as Belonging
Global Migration, Transnationalism, and the Quest for Home
Hasan Mahmud
Rutgers University Press, 2025
Remittance as Belonging: Global Migration, Transnationalism, and the Quest for Home argues that migrant remittances express their  sense of belonging and connectedness to their home country of origin, making an integral part of both migrants’ ethnic identity and sense of what they call home. Drawing on three and a half years of ethnographic fieldwork with Bangladeshi migrants in Tokyo and Los Angeles, Hasan Mahmud demonstrates that while migrants go abroad for various reasons, they do not travel alone. Although they leave behind their families in Bangladesh, they move abroad essentially as members of their family and community and maintain their belonging to home through transnational practices, including remittance-sending. By conceptualizing remittance as an expression of migrants’ belonging, this book presents detailed accounts of the emergence, growth, decline, and revival of remittances as a function of transformations in migrants’ sense of belonging to home.
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Renovating Value
HGTV and the Spectacle of Gentrification
Robert Goldman
Temple University Press, 2021

HGTV has perfected stories about creating and capturing value in the housing market. But according to Robert Goldman, this lifestyle network’s beloved flagship programs, Flip or Flop, Property Brothers, and Fixer Upper—where people revitalize modern spaces and reinvent property values—offer “fairy tales” in the wake of the 2008 economic crisis. The cable channel’s seductive, bingeable programs may show how to find and extract value from properties, but, in fact, they insidiously ignore the realities of the real estate and mortgage markets, housing inequality, gentrification, economic insecurity, and even homelessness. In effect, HGTV has turned house flipping into a master narrative about getting ahead in America during an era of otherwise uneasy economic prospects.

HGTV pictures its insular moral economy as an alternative to a crisis-ridden neoliberal finance system that shaped landscapes of foreclosure and financial uncertainty for millions of households. Renovating Value explores the circuitry of consumer credit and debt, and a rent-gap model of gentrification that charts a path to the rehabilitation of Value. Goldman shrewdly critiques the aspirational myth of adding value to a home simply by using imagination, elbow grease, and aesthetic know-how.

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A Report of the International Commission for Central American Recovery and Development
William L. Ascher and Ann Hubbard, eds.
Duke University Press, 1989
The 1980s were one of the most turbulent decades in Central America’s history, a history that has been marked by more than its share of strife and upheaval. The wars, economic hardship, and political unrest and instability that have dominated news of the region have been years in the making, the products of flawed and inequitable economic, social, and political structures.
The International Commission for Central American Recovery and Development (ICCARD) was formed to provide a thorough diagnosis and analysis of Central America’s problems and to draft a comprehensive long-term strategy to move the region from decline to development. In this report ICCARD—through forty-five international experts in economics, public policy, management, and development it assembled for this purpose—attempts to rise above rhetoric and simplistic remedies to focus on well-reasoned, thorough, and realistic approaches to economic and social development.
This volume reviews the unequal access of marginal groups to political and economic participation, the precarious situation of Central American financial institutions, the international debt situation, the prospects for regional political and economic integration, and other aspects of regional development. Each of these challenges is addressed by specific recommendations to the Central American governments, the governments of the industrialized nations, and international organizations.
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Reporting on Risk
How the Mass Media Portray Accidents, Diseases, Other Hazards
Eleanor Singer
Russell Sage Foundation, 1993
After acts of airline terrorism, air travel tends to drop dramatically—yet Americans routinely pursue the far riskier business of driving cards, where accidents resulting in death or injury are much more likely to occur. Reporting on Risk argues that this selective concern with danger is powerfully shaped by the media, whose coverage of potentially hazardous events is governed more by a need to excite the public than to inform it. Singer and Endreny survey a wide range of print and electronic media to provide an unprecedented look at how hundreds of different hazards are presented to the public—from toxic waste and food poisoning to cigarette smoking, from transportation accidents to famine, and from experimental surgery to communicable diseases. Their investigations raise thought-provoking questions about what the media tell us about modern risks, which hazards are covered and which ignored, and how the media determine when hazards should be considered risky. Are natural hazards reported differently than man-made hazards? Is greater emphasis placed on the potential benefits or the potential drawbacks of complex new technologies? Are journalists more concerned with reporting on unproven cures or informing the public about preventative measures? Do newspapers differ from magazines and television in their risk reporting practices? Reporting on Risk investigates how the media place blame for disasters, and looks at how the reporting of risks has changed in the past twenty-five years as such hazards as nuclear power, birth control methods, and industrial by-products have grown in national prominence. The authors demonstrate that the media often fail to report on risks until energized by the occurrence of some disastrous or dramatic event—the Union Carbide pesticide leak in Bhopal, the Challenger explosion, the outbreak of famine in Somalia, or the failed transplant of a baboon heart to "Baby Fae." Sustained attention to these hazards depends less on whether the underlying issues have been resolved than on whether they continue to unfold in newsworthy events. Reporting on Risk examines the accuracy and the amount of information we receive about our environment. It offers a critical perspective on how our perceptions of risk, as shaped by the media, may contribute to misguided individual and public choices for action and prevention in an increasingly complex world. The authors' probing assessment of how the media report a vast array of risks offers insights useful to journalists, policy analysts, risk specialists, legislators, and concerned citizens.
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Republic of Debtors
Bankruptcy in the Age of American Independence
Bruce H. Mann
Harvard University Press, 2009

Debt was an inescapable fact of life in early America. At the beginning of the eighteenth century, its sinfulness was preached by ministers and the right to imprison debtors was unquestioned. By 1800, imprisonment for debt was under attack and insolvency was no longer seen as a moral failure, merely an economic setback. In Republic of Debtors, Bruce H. Mann illuminates this crucial transformation in early American society.

From the wealthy merchant to the backwoods farmer, Mann tells the personal stories of men and women struggling to repay their debts and stay ahead of their creditors. He opens a window onto a society undergoing such fundamental changes as the growth of a commercial economy, the emergence of a consumer marketplace, and a revolution for independence. In addressing debt Americans debated complicated questions of commerce and agriculture, nationalism and federalism, dependence and independence, slavery and freedom. And when numerous prominent men—including the richest man in America and a justice of the Supreme Court—found themselves imprisoned for debt or forced to become fugitives from creditors, their fate altered the political dimensions of debtor relief, leading to the highly controversial Bankruptcy Act of 1800.

Whether a society forgives its debtors is not just a question of law or economics; it goes to the heart of what a society values. In chronicling attitudes toward debt and bankruptcy in early America, Mann explores the very character of American society.

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Reputation Analytics
Public Opinion for Companies
Daniel Diermeier
University of Chicago Press, 2023

A scientific approach to corporate reputation from the field’s leading scholar.

Public opinion is a core factor of any organization’s success—and sometimes its failings. Whether through crisis, mismanagement, or sudden shifts in public sensibility, an organization can run afoul in the span of a Tweet.

In Reputation Analytics, Daniel Diermeier offers the first rigorous analytical framework for understanding and managing corporate reputation and public perception. Drawing on his expertise as a political scientist and management scholar, Diermeier incorporates lessons from game theory, psychology, and text analytics to create a methodology that has immediate application in both scholarship and practice.

A milestone work from one of social science’s most eminent scholars, Reputation Analytics unveils an advanced understanding of an elusive topic, resulting in an essential guide for academics and readers across industries.

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The Reputation of the Roman Merchant
Jane Sancinito
University of Michigan Press, 2024
Roman merchants, artisans, and service providers faced substantial prejudice. Contemporary authors labeled them greedy, while the Roman on the street accused merchants of lying and cheating. Legally and socially, merchants were kept at arm’s length from respectable society. Yet merchants were common figures in daily life, populating densely packed cities and traveling around the Mediterranean. The Reputation of the Roman Merchant focuses on the strategies retailers, craftsmen, and many other workers used to succeed, examining how they developed good reputations despite the stigma associated with their work. In a novel approach, blending social and economic history, The Reputation of the Roman Merchant considers how reputation worked as an informal institution, establishing and reinforcing traditional Roman norms while lowering the cost of doing business for individual workers. From histories and novels to inscriptions and art, this volume identifies common reputation strategies, explores how points of pride and personal accomplishments were shared with others, and explains responses to merchant activities on the small-scale. The book concludes that merchants invested heavily in their reputations as a way to set themselves apart from common, negative stereotypes without admitting that there was anything shameful about the work they did.
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Reputation
Studies in the Voluntary Elicitation of Good Conduct
Daniel B. Klein, Editor
University of Michigan Press, 1997
"Tricks and treachery are the practice of fools that have not wit enough to be honest," wrote Benjamin Franklin. This volume explores ways in which the honest establish trust and enjoy good fortune, even without policing. The central mechanism at work is reputation. To work, information about the individual's conduct must be observed, interpreted, recorded, stored, and transmitted. Different forms of "seals of approval" develop to communicate the quality of an individual's reputation to others.
The studies in this volume reveal how vast information systems like Dun & Bradstreet and TRW generate reputation and beneficial exchange, and how brand names, middlemen, and dealers give their own sort of seal of approval. One chapter describes the origins of Underwriters' Laboratories, an organization that sells its inspection services and mark of approval for product safety. Another argues that J. P. Morgan's investment banking service was in large part applying astute judgment in granting the Morgan seal of approval to firms in need of capital. Other, less formal, reputational mechanisms such as gossip, customary law, and written correspondence are also explored. Contexts range from trust among merchants in Medieval Europe, social control in small communities, and good conduct in a vast anonymous society such as our own.
Throughout these broad-ranging studies, the central theme of the volume emerges: in an open, competitive environment, honesty can recruit cleverness to assert itself and to drive out the dishonest. Contributors include Bruce Benson, Harry Chase Brearly, J. Benson De Long, Avner Greif, Benjamin Klein, Keith B. Leffler, Sally Engle Merry, Paul R. Milgrom, J. Wilson Newman, Douglass C. North, Marc Ryser, Adam Smith, Gordon Tullock, and Barry R. Weingast.
Daniel B. Klein is Assistant Professor of Economics, University of California, Irvine.
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A Requiem for Karl Marx
Frank E. Manuel
Harvard University Press, 1995

As Karl Marx the icon has fallen along with so many communist regimes, we are left with the mystery of Karl Marx the man, the complexities of a life that has profoundly affected millions. A Requiem for Karl Marx is Frank Manuel's searching meditation on that life, a learned and elegantly written engagement with the man and his work.

Manuel gives us a psychological portrait rendered with sympathy and critical detachment, a probing look at the connections between the private drama of Marx's life and his revolutionary ideas. Manuel pursues these connections from Marx's adolescence and education in Trier through his university studies, marriage to a German baroness, and early affiliation with French and German radical groups. Here we see Marx in moments of youthful rapture, in periods of despair, in maneuvers of blatant hypocrisy, in outbursts of self-mockery. We follow his involuted response to his status as a converted Jew, observe the psychic toll of debilitating bouts of illness, and witness the shattering effects of his aggressive, often brutal conduct toward friend and foe alike. Manuel analyzes in intricate detail the central role of Marx's enduring relationship with Friedrich Engels, which appears to transcend the bounds of friendship, and his changing behavior toward his wife, Jenny, the neurotic and tragic figure who shared his dismal London exile.

What becomes clear in this narrative is the link between Marx's personal life and his ideas about class struggle, revolutionary strategy, and utopia--as well as the impact of his personal vision and political tactics on the movements that followed him, down to our day.

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Rereading Marx in the Age of Digital Capitalism
Christian Fuchs
Pluto Press, 2019
The 'end of history' has not taken place. Ideological and economic crisis and the status quo of neoliberal capitalism since 2008 demand a renewed engagement with Marx. But if we are to effectively resist capitalism we must truly understand Marx: Marxism today must theorise how communication technologies, media representation and digitalisation have come to define contemporary capitalism. There is an urgent need for critical, Marxian-inspired knowledge as a foundation for changing the world and the way we communicate from digital capitalism towards communicative socialism and digital communism. Rereading Marx in the Age of Digital Capitalism does exactly this. Delving into Marx's most influential works, such as Capital, The Grundrisse, Economic and Philosophic Manuscripts, The German Ideology and The Communist Manifesto, Christian Fuchs draws out Marx's concepts of machinery, technology, communication and ideology, all of which anticipate major themes of the digital age. A concise and coherent work of Marxist media and communication theory, the book ultimately demonstrates the relevance of Marx to an age of digital and communicative capitalism.
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Research Findings in the Economics of Aging
Edited by David A. Wise
University of Chicago Press, 2010
The baby boom generation's entry into old age has led to an unprecedented increase in the elderly population. The social and economic effects of this shift are significant, and in Research Findings in the Economics of Aging, a group of leading researchers takes an eclectic view of the subject. Among the broad topics discussed are work and retirement behavior, disability, and their relationship to the structure of retirement and disability policies.

While choices about  when to retire are made by individuals, these decisions are influenced by a set of incentives, including retirement benefits and health care, and this volume includes cross-national analyses of the effects of such programs on these decisions. Furthermore, the volume also offers in-depth analysis of the effects of retirement plans, employer contributions, and housing prices on retirement. It explores well-established relationships among economic circumstances, health, and mortality, as well as the effects of poverty and lower levels of economic development on health and life satisfaction. By combining micro and macro evidence, this volume continues a tradition of expanding the research agenda on the economics of aging.
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Resilience Matters 2017
Laurie Mazur
Island Press, 2017
This free e-book collects articles, op-eds, and other short-form writing from the Island Press Urban Resilience Project. Written by a diverse group of activists, academics, and practitioners, this contributed volume addresses various dimensions of resilience—economic, ecological, and social.
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Resilient by Design
Creating Businesses That Adapt and Flourish in a Changing World
Joseph Fiksel
Island Press, 2015
As managers grapple with the challenges of climate change and volatility in a hyper-connected, global economy, they are paying increasing attention to their organization’s resilience—its capacity to survive, adapt, and flourish in the face of turbulent change. Sudden natural disasters and unforeseen supply chain disruptions are increasingly common in the new normal. Pursuing business as usual is no longer viable, and many companies are unaware of how fragile they really are. To cope with these challenges, management needs a new paradigm that takes an integrated view of the built environment, the ecosystems, and the social fabric in which their businesses operate.
Resilient by Design provides business executives with a comprehensive approach to achieving consistent success in a changing world. Rich with examples and case studies of organizations that are designing resilience into their business processes, it explains how to connect with important external systems—stakeholders, communities, infrastructure, supply chains, and natural resources—and create innovative, dynamic organizations that survive and prosper under any circumstances.
Resilient enterprises continue to grow and evolve in order to meet the needs and expectations of their shareholders and stakeholders. They adapt successfully to turbulence by anticipating disruptive changes, recognizing new business opportunities, building strong relationships, and designing resilient assets, products, and processes. Written by one of the leading experts in enterprise resilience and sustainability, Resilient by Design offers a confident path forward in a world that is increasingly less certain.
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Resistance to Innovation
Its Sources and Manifestations
Shaul Oreg and Jacob Goldenberg
University of Chicago Press, 2015
Every year, about 25,000 new products are introduced in the United States. Most of these products fail—at considerable expense to the companies that produce them. Such failures are typically thought to result from consumers’ resistance to innovation, but marketers have tended to focus instead on consumers who show little resistance, despite these “early adopters” comprising only 20 percent of the consumer population.

Shaul Oreg and Jacob Goldenberg bring the insights of marketing and organizational behavior to bear on the attitudes and behaviors of the remaining 80 percent who resist innovation. The authors identify two competing definitions of resistance: In marketing, resistance denotes a reluctance to adopt a worthy new product, or one that offers a clear benefit and carries little or no risk. In the field of organizational behavior, employees are defined as resistant if they are unwilling to implement changes regardless of the reasons behind their reluctance. Seeking to clarify the act of rejecting a new product from the reasons—rational or not—consumers may have for doing so, Oreg and Goldenberg propose a more coherent definition of resistance less encumbered by subjective, context-specific factors and personality traits. The application of this tighter definition makes it possible to disentangle resistance from its sources and ultimately offers a richer understanding of consumers’ underlying motivations. This important research is made clear through the use of many real-life examples.
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