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L.A. Story
Immigrant Workers and the Future of the U.S. Labor Movement
Ruth Milkman
Russell Sage Foundation, 2006
Sharp decreases in union membership over the last fifty years have caused many to dismiss organized labor as irrelevant in today's labor market. In the private sector, only 8 percent of workers today are union members, down from 24 percent as recently as 1973. Yet developments in Southern California—including the successful Justice for Janitors campaign—suggest that reports of organized labor's demise may have been exaggerated. In L.A. Story, sociologist and labor expert Ruth Milkman explains how Los Angeles, once known as a company town hostile to labor, became a hotbed for unionism, and how immigrant service workers emerged as the unlikely leaders in the battle for workers' rights. L.A. Story shatters many of the myths of modern labor with a close look at workers in four industries in Los Angeles: building maintenance, trucking, construction, and garment production. Though many blame deunionization and deteriorating working conditions on immigrants, Milkman shows that this conventional wisdom is wrong. Her analysis reveals that worsening work environments preceded the influx of foreign-born workers, who filled the positions only after native-born workers fled these suddenly undesirable jobs. Ironically, L.A. Story shows that immigrant workers, who many union leaders feared were incapable of being organized because of language constraints and fear of deportation, instead proved highly responsive to organizing efforts. As Milkman demonstrates, these mostly Latino workers came to their service jobs in the United States with a more group-oriented mentality than the American workers they replaced. Some also drew on experience in their native countries with labor and political struggles. This stock of fresh minds and new ideas, along with a physical distance from the east-coast centers of labor's old guard, made Los Angeles the center of a burgeoning workers' rights movement. Los Angeles' recent labor history highlights some of the key ingredients of the labor movement's resurgence—new leadership, latitude to experiment with organizing techniques, and a willingness to embrace both top-down and bottom-up strategies. L.A. Story's clear and thorough assessment of these developments points to an alternative, high-road national economic agenda that could provide workers with a way out of poverty and into the middle class.
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Labor Economics and Industrial Relations
Markets and Institutions
Clark Kerr and Paul D. Staudohar
Harvard University Press, 1994

In twenty-three original essays this book reviews the course of labor economics over the more than two centuries since the publication of Adam Smith’s Wealth of Nations. It fully examines the contending theories, changing environmental contexts, evolving issues, and varied policies affecting labor’s participation in the economy.

While the intellectual framework of the book looks partly to the past—explaining the labor factor in classical and neoclassical systems—its emphasis is on contemporary problems that will figure prominently in future developments, such as the operation of internal labor markets, dispute resolution, concession bargaining, equal employment opportunity, and individual labor contracting.

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Labor in Finland
Carl Erik Knoellinger
Harvard University Press
Finland’s precarious proximity to Russia makes this small country a unique and revealing study in contemporary social and economic patterns. The author demonstrates that “in spite of Finland’s deep-rooted cultural kinship with Scandinavia…new factors, often political in nature, have affected the development of society very differently in each of these countries.” One of the most decisive differences, as his book makes clear, is the position of the Communist party in Finnish politics. In this first English book on the Finnish situation, Carl Erik Knoellinger makes perceptive analyses of detailed data on the varied aspects of his subject.
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Labor in the New Economy
Edited by Katharine G. Abraham, James R. Spletzer, and Michael Harper
University of Chicago Press, 2010

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings and other forms of compensation, job security, employer reliance on temporary and contract workers, hours of work, and workplace safety and health.

In order to better understand these vital issues, scholars must be able to accurately measure labor market activity. Thus, Labor in the New Economy also addresses a host of measurement issues: from the treatment of outliers, imputation methods, and weighting in the context of specific surveys to evaluating the strengths and weaknesses of data from different sources. At a time when employment is a central concern for individuals, businesses, and the government, this volume provides important insight into the recent past and will be a useful tool for researchers in the future.

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Labor in the South
F. Ray Marshall
Harvard University Press

In this first general history of organized labor in the south, F. Ray Marshall analyzes the main factors influencing union growth in the region from the earliest times to the present. Writing within the context of the south’s political, social, and economic history, the author provides valuable material on labor economics and labor relations.

An opening section lays the foundation for the analysis by reviewing the south’s unique economic and social characteristics, with a discussion of the beginnings of unions in the area and some of their activities and problems prior to 1928. The author then traces in detail the growth of key unions before 1932 and presents an evaluation of the 1930 southern organizing campaign of the AFL. An examination follows of the impact of the social ferment inspired by the New Deal. In Part IV, Marshall discusses union growth during and after the Second World War, with emphasis on the influence of the War Labor Board and other governmental agencies. Finally, in Part V he draws together all the main factors responsible for union expansion and union weakness in the south—economic forces, law and politics, union structure and philosophy, the characteristics of the workers, and social forces. In his concluding chapter the author assesses the possibilities for future union growth in the south through a projection of the trends brought to light in the previous chapters.

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Labor Markets in Action
Essays in Empirical Economics
Richard B. Freeman
Harvard University Press, 1989

Economists rarely perform controlled experiments, so how do they find out how markets function? In what ways does empirical economics contribute to our understanding of important and controversial social issues? What has been discovered about the operation of the labor markets in which nearly all of us participate? Labor Markets in Action addresses these questions in lively style. The topics cover issues of deep social concern, encompassing the jobs and wages of college graduates, discrimination and inner-city youth, homelessness, unionism, and the differences between U. S. labor market institutions and those of other developed countries, including Japan.

A thoughtful introduction to each essay reveals the human side of research on these controversial issues. Freeman lays out five guiding principles for empirical social science: to analyze situations in which markets undergo sharp exogenous shocks, creating "natural experiments"; to focus on fundamental first-order economic principles and behavior rather than on abstract fine points; to probe empirical findings with different data sets and alternative specifications; to gather new information from survey research rather than rely on existing data sets; to discuss issues and interpretations with workers, labor leaders, businessmen, and other market participants. With chapters that range from broad overviews of research to essays employing detailed statistical techniques, this book will appeal to economists, students, and policymakers concerned with how labor markets function and how economists go about their business of discovery without laboratory controls.

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Labor of Fire
The Ontology of Labor between Economy and Culture
Bruno Gullì
Temple University Press, 2005
In Labor of Fire, Bruno Gullì offers a timely and much needed re-examination of the concept of labor. Distinguishing between "productive labor" (working for money or subsistence) and "living labor" (working for artistic creation), Gullì convincingly argues for a definition of work that recognizes the importance of artistic and social creativity to our definition of labor and the self.

Gullì lays the groundwork for his book by offering a critique of productive labor, and then maps out his productive/living labor distinction in detail, reviewing the work of Marx and others.
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Labor Politics American Style
The California State Federation of Labor
Philip Taft
Harvard University Press

State federations of labor have been the political arms of organized labor for more than 100 years and the California State Federation is one of the most interesting and representative examples. Philip Taft traces the activities, policies, and problem of the Federation from its beginnings in 1901 until the merger of the AFL-CIO in 1958. The attitudes on migrant labor and the controversial McNamara and Mooney cases are discussed as well as the changing views of the Federation over the years. In the process, the author explores the reasons why organized labor in the United States did not commit itself to a third party.

Instead of reviewing the debates of national labor leaders, Taft focuses on the sentiments and needs of workers at the grass roots level and examines their critical role in determining the character of organized labor’s political tactics. He shows that at no time did the American labor movement eschew politics; it always understood the importance of legislation for social advancement. Starting with modest funds and little support, the California State Federation became, relatively early in its history, the primary spokesman on legislative matters for the workers in the state. Its efforts, Taft demonstrates, were not limited to legislation affecting the narrow interests of a special group, but encompassed matters concerning the entire community. As the influence of the Federation grew and its aims broadened, it came to rely heavily on the sympathy and backing of the state legislative and executive branches of government.

Taft explains the methods by which Federation programs were and are developed and how candidates are endorsed. He surveys the expanding task of defending legislation before administrative bodies and courts. Throughout his study, he emphasizes the significance of the California Federation as a political institution and relates its development to the growth of the labor movement in the United States.

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Laboring Below the Line
The New Ethnography of Poverty, Low-Wage Work, and Survival in the Global Economy
Frank Munger
Russell Sage Foundation, 2002
As the distribution of wealth between rich and poor in the United States grew more and more unequal over the past twenty years, this economic gap assumed a life of its own in the popular culture. The news and entertainment media increasingly portrayed the lives of the poor with such stereotypes as the lazy welfare mother and the thuggish teen, offering Americans few ways to learn how the "other half" really lives. Laboring Below the Line works to bridge this gap by synthesizing a wide range of qualitative scholarship on the working poor. The result is a coherent, nuanced portrait of how life is lived below the poverty line, and a compelling analysis of the systemic forces in which poverty is embedded, and through which it is perpetuated. Laboring Below the Line explores the role of interpretive research in understanding the causes and effects of poverty. Drawing on perspectives of the working poor, welfare recipients, and marginally employed men and women, the contributors—an interdisciplinary roster of ethnographers, oral historians, qualitative sociologists, and narrative analysts—dissect the life circumstances that affect the personal outlook, ability to work, and expectations for the future of these people. For example, Carol Stack views the work aspirations of an Oakland teenager for whom a job is important, even though it strains her academic performance. And Ruth Buchanan looks at low-wage telemarketing workers who are attempting to move up the economic ladder while balancing family, education, and other important commitments. What emerges is a compelling picture of low-wage workers—one that illustrates the precarious circumstances of individuals struggling with the economic conditions and institutions that surround them Each chapter also explores the capacity for economic survival from a different angle, with ancillary commentary complementing the ethnographies with perspectives from other fields of study, such as economics. At this moment of governmental retrenchment, ethnography's complex, nonstereotypical portraits of individual people fighting against poverty are especially important. Laboring Below the Line reveals the ambiguities of real lives, the potential for individuals to change in unexpected ways, and the even greater intricacy of the collective life of a community.
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Land and the Given Economy
The Hermeneutics and Phenomenology of Dwelling
Todd S. Mei
Northwestern University Press, 2017

Alarming environmental degradation makes ever more urgent the reconciliation of political economy and sustainability. Land and the Given Economy examines how the landed basis of human existence converges with economics, and it offers a persuasive new conception of land that transcends the flawed and inadequate accounts in classical and neoclassical economics.

Todd S. Mei grounds this work in a rigorous review of problematic economic conceptions of land in the work of John Locke, Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, Henry George, Alfred Marshall, and Thorstein Veblen.

Mei then draws on the thought of Martin Heidegger to posit a philosophical clarification of the meaning of land—its ontological nature. He argues that central to rethinking land is recognizing its unique manner of being, described as its "givenness." Concluding with a discussion of ground rent, Mei reflects on specific strategies for incorporating the philosophical account of land into contemporary economic policies.

Revivifying economic frameworks that fail to resolve the impasse between economic development and sustainability, Land and the Given Economy offers much of interest to scholars and readers of philosophy, environmentalism, and the full spectrum of political economy.

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The Land Question and the Irish Economy, 1870-1903
Barbara Lewis Solow
Harvard University Press, 1971
Here is a perceptive and convincing reinterpretation of economic development of Ireland after the Great Famine. Barbara Lewis Solow explodes the myth that Ireland’s economic difficulties were caused by defects in the land tenure system. In fact, she argues, the Irish economy made impressive progress in the decades between the famine of 1845 and the late 1870s. She investigates the sources and patterns of this progress, and, basing her conclusions on new quantitative estimates of significant economic variables, she reveals that there were determinants of Irish economic development much more important than the land system.
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Late Ch'ing Finance
Hu Kuang-yung as an Innovator
C. John Stanley
Harvard University Press

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Latin America and the World Economy since 1800
John H. Coatsworth
Harvard University Press

The fifteen essays in this volume apply the methods of the new economic history to the history of the Latin American economies since 1800. The authors combine the historian's sensitivity to context and contingency with modern or "neoclassical" economic theory and quantitative methods.

The essays shed new light on the economic history of all the major economies from Mexico and Cuba to Brazil and Argentina. Some focus on comparing macroeconomic policies and performance, others analyze key sectors such as foreign trade, finance, transportation, and industry, and still others focus on the impact of property rights, government regulation, and political upheaval.

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Latin American Macroeconomic Reforms
The Second Stage
Edited by José Antonio González, Vittorio Corbo, Anne O. Krueger, and Aaron Tornell
University of Chicago Press, 2003
Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy.

Contributors also work to identify future concerns and erect clear signposts for future reforms. For instance, now that inflation rates have been stabilized, one suggested "second stage" monetary reform would be to focus on reducing rates from high to low single digits. Financial sector reforms, it is suggested, should center on improving regulation and supervision. And, contributors argue, since fiscal stability has already been achieved in most countries, new fiscal reforms need to concentrate on institutionalizing fiscal discipline, improving the efficiency and equity of tax collection, and modifying institutional arrangements to deal with increasingly decentralized federal systems.

The analysis and commentary in this volume-authored not only by academic observers but by key Latin American policymakers with decades of firsthand experience-will prove important to anyone with an interest in the future of Latin American's continuing economic development and reform.

Contributors to this volume:

José Antonio González, Stanford University
Anne O. Krueger, International Monetary Fund
Vittorio Corbo, Pontifical Catholic University, Chile
Klaus Schmidt-Hebbel, Central Bank of Chile
Alejandro Werner, Bank of Mexico
Márcio G. P. Garcia, Pontifical Catholic University, Rio
Tatiana Didier, World Bank
Gustavo H. B. Franco, former president, Central Bank of Brazil
Francisco Gil Díaz, Minister of the Treasury, Mexico
Roberto Zahler, former governor, Central Bank of Chile
Ricardo J. Caballero, Massachusetts Institute of Technology
Philip L. Brock, University of Washington
Stephen Haber, Stanford University
Pablo E. Guidotti, Universidad Torcuato Di Tella, Buenos Aires
Vito Tanzi, International Monetary Fund
Enrique Dávila, Ministry of Finance, Mexico
Santiago Levy, Mexican Social Security Institute
Ricardo Fenochietto, private consultant, Buenos Aires
Rogério L. F. Werneck, Pontifical Catholic University, Rio
Carola Pessino, Universidad Torcuato di Tella, Buenos Aires
Michael Michaely, Hebrew University of Jerusalem
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Law and Happiness
Edited by Eric A. Posner and Cass R. Sunstein
University of Chicago Press, 2010

Since the earliest days of philosophy, thinkers have debated the meaning of the term happiness and the nature of the good life. But it is only in recent years that the study of happiness—or “hedonics”—has developed into a formal field of inquiry, cutting across a broad range of disciplines and offering insights into a variety of crucial questions of law and public policy.

Law and Happiness
brings together the best and most influential thinkers in the field to explore the question of what makes up happiness—and what factors can be demonstrated to increase or decrease it. Martha Nussbaum offers an account of the way that hedonics can productively be applied to psychology, Cass R. Sunstein considers the unexpected relationship between happiness and health problems, Matthew Adler and Eric A. Posner view hedonics through the lens of cost-benefit analysis, David A. Weisbach considers the relationship between happiness and taxation, and Mark A. Cohen examines the role crime—and fear of crime—can play in people’s assessment of their happiness, and much more.

The result is a kaleidoscopic overview of this increasingly prominent field, offering surprising new perspectives and incisive analyses that will have profound implications on public policy.

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Law and Macroeconomics
Legal Remedies to Recessions
Yair Listokin
Harvard University Press, 2019

A distinguished Yale economist and legal scholar’s argument that law, of all things, has the potential to rescue us from the next economic crisis.

After the economic crisis of 2008, private-sector spending took nearly a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach whose proven success is too rarely acknowledged. Harking back to New Deal regulatory agencies, Listokin proposes that we take seriously law’s ability to function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies.

Listokin makes his case by looking at both positive and cautionary examples, going back to the New Deal and including the Keystone Pipeline, the constitutionally fraught bond-buying program unveiled by the European Central Bank at the nadir of the Eurozone crisis, the ongoing Greek crisis, and the experience of U.S. price controls in the 1970s. History has taught us that law is an unwieldy instrument of macroeconomic policy, but Listokin argues that under certain conditions it offers a vital alternative to the monetary and fiscal policy tools that stretch the legitimacy of technocratic central banks near their breaking point while leaving the rest of us waiting and wallowing.

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Law and Social Norms
Eric A. Posner
Harvard University Press, 2002

What is the role of law in a society in which order is maintained mostly through social norms, trust, and nonlegal sanctions? Eric Posner argues that social norms are sometimes desirable yet sometimes odious, and that the law is critical to enhancing good social norms and undermining bad ones. But he also argues that the proper regulation of social norms is a delicate and complex task, and that current understanding of social norms is inadequate for guiding judges and lawmakers. What is needed, and what this book offers, is a model of the relationship between law and social norms. The model shows that people's concern with establishing cooperative relationships leads them to engage in certain kinds of imitative behavior. The resulting behavioral patterns are called social norms.

Posner applies the model to several areas of law that involve the regulation of social norms, including laws governing gift-giving and nonprofit organizations; family law; criminal law; laws governing speech, voting, and discrimination; and contract law. Among the engaging questions posed are: Would the legalization of gay marriage harm traditional married couples? Is it beneficial to shame criminals? Why should the law reward those who make charitable contributions? Would people vote more if non-voters were penalized? The author approaches these questions using the tools of game theory, but his arguments are simply stated and make no technical demands on the reader.

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Law, Legislation and Liberty, Volume 1
Rules and Order
F. A. Hayek
University of Chicago Press, 1978
This volume represents the first section of F. A. Hayek's comprehensive three-part study of the relations between law and liberty. Rules and Order constructs the framework necessary for a critical analysis of prevailing theories of justice and of the conditions which a constitution securing personal liberty would have to satisfy.
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Law, Legislation, and Liberty, Volume 19
F. A. Hayek
University of Chicago Press, 2022
A new edition of F. A. Hayek’s three-part opus Law, Legislation, and Liberty, collated in a single volume
In this critical entry in the University of Chicago’s Collected Works of F. A. Hayek series, political philosopher Jeremy Shearmur collates Hayek’s three-part study of law and liberty and places Hayek’s writings in careful historical context. Incisive and unrestrained, Law, Legislation, and Liberty is Hayek at his late-life best, making it essential reading for understanding the philosopher’s politics and worldview. 

These three volumes constitute a scaling up of the framework offered in Hayek’s famed The Road to Serfdom. Volume 1, Rules and Order, espouses the virtues of classical liberalism; Volume 2, The Mirage of Social Justice, examines the societal forces that undermine liberalism and, with it, liberalism’s capacity to induce “spontaneous order”; and Volume 3, The Political Order of a Free People, proposes alternatives and interventions against emerging anti-liberal movements, including a rule of law that resides in stasis with personal freedom. 

Shearmur’s treatment of this challenging work—including an immersive new introduction, a conversion of Hayek’s copious endnotes to footnotes, corrections to Hayek’s references and quotations, and the provision of translations to material that Hayek cited only in languages other than English—lends it new importance and accessibility. Rendered anew for the next generations of scholars, this revision of Hayek’s Law, Legislation, and Liberty is sure to become the standard.
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Law, Legislation and Liberty, Volume 2
The Mirage of Social Justice
F. A. Hayek
University of Chicago Press, 1977
F. A. Hayek made many valuable contributions to the field of economics as well as to the disciplines of philosophy and politics. This volume represents the second of Hayek's comprehensive three-part study of the relations between law and liberty. Here, Hayek expounds his conviction that he continued unexamined pursuit of "social justice" will contribute to the erosion of personal liberties and encourage the advent of totalitarianism.
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Law, Legislation and Liberty, Volume 3
The Political Order of a Free People
F. A. Hayek
University of Chicago Press, 1979
Incisive, straightforward, and eloquent, this third and concluding volume of F. A. Hayek's comprehensive assessment of the basic political principles which order and sustain free societies contains the clearest and most uncompromising exposition of the political philosophy of one of the world's foremost economists.
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Laws of Creation
Property Rights in the World of Ideas
Ronald A. Cass and Keith N. Hylton
Harvard University Press, 2012

While innovative ideas and creative works increasingly drive economic success, the historic approach to encouraging innovation and creativity by granting property rights has come under attack by a growing number of legal theorists and technologists. In Laws of Creation, Ronald Cass and Keith Hylton take on these critics with a vigorous defense of intellectual property law. The authors look closely at the IP doctrines that have been developed over many years in patent, copyright, trademark, and trade secret law. In each area, legislatures and courts have weighed the benefits that come from preserving incentives to innovate against the costs of granting innovators a degree of control over specific markets. Over time, the authors show, a set of rules has emerged that supports wealth-creating innovation while generally avoiding overly expansive, growth-retarding licensing regimes.

These rules are now under pressure from detractors who claim that changing technology undermines the case for intellectual property rights. But Cass and Hylton explain how technological advances only strengthen that case. In their view, the easier it becomes to copy innovations, the harder to detect copies and to stop copying, the greater the disincentive to invest time and money in inventions and creative works. The authors argue convincingly that intellectual property laws help create a society that is wealthier and inspires more innovation than those of alternative legal systems. Ignoring the social value of intellectual property rights and making what others create and nurture “free” would be a costly mistake indeed.

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Lawsuits in a Market Economy
The Evolution of Civil Litigation
Stephen C. Yeazell
University of Chicago Press, 2018
Some describe civil litigation as little more than a drag on the economy; Others hail it as the solution to most of the country’s problems. Stephen C. Yeazell argues that both positions are wrong. Deeply embedded in our political and economic systems, civil litigation is both a system for resolving disputes and a successful business model, a fact that both its opponents and its fans do their best to conceal.

Lawsuits in a Market Economy explains how contemporary civil litigation in the United States works and how it has changed over the past century. The book corrects common misconceptions—some of which have proved remarkably durable even in the face of contrary evidence—and explores how our constitutional structure, an evolving economy, and developments in procedural rules and litigation financing systems have moved us from expecting that lawsuits end in trial and judgments to expecting that they will end in settlements. Yeazell argues that today’s system has in some ways overcome—albeit inconsistently—disparities between the rich and poor in access to civil justice. Once upon a time, might regularly triumphed over right. That is slightly less likely today—even though we continue to witness enormous disparities in wealth and power.

The book concludes with an evaluation of recent changes and their possible consequences.
 
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Leadership Without Easy Answers
Ronald Heifetz
Harvard University Press, 1994

The economy uncertain, education in decline, cities under siege, crime and poverty spiraling upward, international relations roiling: we look to leaders for solutions, and when they don’t deliver, we simply add their failure to our list of woes. In doing do, we do them and ourselves a grave disservice. We are indeed facing an unprecedented crisis of leadership, Ronald Heifetz avows, but it stems as much from our demands and expectations as from any leader’s inability to meet them. His book gets at both of these problems, offering a practical approach to leadership for those who lead as well as those who look to them for answers. Fitting the theory and practice of leadership to our extraordinary times, the book promotes a new social contract, a revitalization of our civic life just when we most need it.

Drawing on a dozen years of research among managers, officers, and politicians in the public realm and the private sector, among the nonprofits, and in teaching, Heifetz presents clear, concrete prescriptions for anyone who needs to take the lead in almost any situation, under almost any organizational conditions, no matter who is in charge, His strategy applies not only to people at the top but also to those who must lead without authority—activists as well as presidents, managers as well as workers on the front line.

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Learning about Risk
Consumer and Worker Responses to Hazard Information
W. Kip Viscusi and Wesley A. Magat
Harvard University Press, 1987

How do people decide whether or not to take chances with their health and safety? Do they pay attention to warnings about hazardous products used at home or on the job? What is the best way to present this information? These questions are becoming increasingly important as direct government regulation is replaced by programs to educate workers and consumers about risk. Information itself is becoming a regulatory device, but until now little has been known about its use and effectiveness.

Learning about Risk offers important new evidence on how people process information about risk and how they make choices under uncertainty. Drawing on work in a variety of disciplines—economics, decision science, marketing, and psychology—as well as on extensive original survey data, the authors take a close look at one type of risk information: the labeling of hazardous products and chemicals. They use the word labeling to mean all the tangible ways in which information is transmitted, including not merely warnings on bottles and cans but also leaflets and brochures, signs in the workplace, and store displays. The authors surveyed hundreds of consumers and chemical workers to explore a range of issues—the accuracy and appropriateness of people's risk assessments, the types of precautions they take, the values they attach to these measures, the wages they expect for performing risky jobs, and the relationship between the precaution taken and the content, wording, and format of the warning.

Overall, the authors show that information policies are a promising approach to controlling risks in the marketplace and on the job. Their findings will be of interest to government officials, policy analysts, economists, psychologists, and managers concerned professionally with the labeling of hazardous products.

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Learning to Work
The Case for Reintegrating Job Training and Education
W. Norton Grubb
Russell Sage Foundation, 1996
"Grubb's powerful vision of a workforce development system connected by vertical ladders for upward mobility adds an important new dimension to our continued efforts at system reform. The unfortunate reality is that neither our first-chance education system nor our second-chance job training system have succeeded in creating clear pathways out of poverty for many of our citizens. Grubb's message deserves a serious hearing by policy makers and practitioners alike." —Evelyn Ganzglass, National Governors' Association Over the past three decades, job training programs have proliferated in response to mounting problems of unemployment, poverty, and expanding welfare rolls. These programs and the institutions that administer them have grown to a number and complexity that make it increasingly difficult for policymakers to interpret their effectiveness. Learning to Work offers a comprehensive assessment of efforts to move individuals into the workforce, and explains why their success has been limited. Learning to Work offers a complete history of job training in the United States, beginning with the Department of Labor's manpower development programs in the1960s and detailing the expansion of services through the Comprehensive Employment and Training Act in the 1970s and the Job Training Partnership Act in the 1980s.Other programs have sprung from the welfare system or were designed to meet the needs of various state and corporate development initiatives. The result is a complex mosaic of welfare-to-work, second-chance training, and experimental programs, all with their own goals, methodology, institutional administration, and funding. Learning to Work examines the findings of the most recent and sophisticated job training evaluations and what they reveal for each type of program. Which agendas prove most effective? Do their effects last over time? How well do programs benefit various populations, from welfare recipients to youths to displaced employees in need of retraining? The results are not encouraging. Many programs increase employment and reduce welfare dependence, but by meager increments, and the results are often temporary. On average most programs boosted earnings by only $200 to $500 per year, and even these small effects tended to decay after four or five years.Overall, job training programs moved very few individuals permanently off welfare, and provided no entry into a middle-class occupation or income. Learning to Work provides possible explanations for these poor results, citing the limited scope of individual programs, their lack of linkages to other programs or job-related opportunities, the absence of academic content or solid instructional methods, and their vulnerability to local political interference. Author Norton Grubb traces the root of these problems to the inherent separation of job training programs from the more successful educational system. He proposes consolidating the two domains into a clearly defined hierarchy of programs that combine school- and work-based instruction and employ proven methods of student-centered, project-based teaching. By linking programs tailored to every level of need and replacing short-term job training with long-term education, a system could be created to enable individuals to achieve increasing levels of economic success. The problems that job training programs address are too serious too ignore. Learning to Work tells us what's wrong with job training today, and offers a practical vision for reform.
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Leave Me Alone and I'll Make You Rich
How the Bourgeois Deal Enriched the World
Deirdre Nansen McCloskey and Art Carden
University of Chicago Press, 2020
The economist and historian Deirdre Nansen McCloskey has been best known recently for her Bourgeois Era trilogy, a vigorous defense, unrivaled in scope, of commercially tested betterment.  Its massive volumes, The Bourgeois Virtues, Bourgeois Dignity, and Bourgeois Equality, solve Adam Smith’s puzzle of the nature and causes of the wealth of nations, and of the moral sentiments of modernity.   The world got rich, she argues, not chiefly by material causes but by an idea and a sentiment, a new admiration for the middle class and its egalitarian liberalism.  

For readers looking for a distillation of McCloskey’s magisterial work, Leave Me Alone and I’ll Make You Rich is what you’ve been waiting for. In this lively volume, McCloskey and the economist and journalist Carden bring together the trilogy’s key ideas and its most provocative arguments. The rise of the west, and now the rest, is the story of the rise of ordinary people to a dignity and liberty inspiring them to have a go. The outcome was an explosion of innovation after 1800, and a rise of real income by an astounding 3,000 percent.  The Great Enrichment, well beyond the conventional Industrial Revolution, did not, McCloskey and Carden show, come from the usual suspects, capital accumulation or class struggle.  It came from the idea of economic liberty in Holland and the Anglosphere, then Sweden and Japan, then Italy and  Israel and China and India, an idea that bids fair in the next few generations to raise up the wretched of the earth.  The original shift to liberalism arose from 1517 to 1789 from theological and political revolutions in northwest Europe, upending ancient hierarchies.  McCloskey and Carden contend further that liberalism and “innovism” made us better humans as well as richer ones.  Not matter but ideas.  Not corruption but improvement.

Leave Me Alone and I’ll Make You Rich draws in entertaining fashion on history, economics, literature, philosophy, and popular culture, from growth theory to the Simpsons. It is the perfect introduction for a broad audience to McCloskey’s influential explanation of how we got rich.  At a time when confidence in the economic system is under challenge, the book mounts an optimistic and persuasive defense of liberal innovism, and of the modern world it has wrought.
 
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Leaving Science
Anne E. Preston
Russell Sage Foundation, 2004
The past thirty years have witnessed a dramatic decline in the number of U.S. students pursuing advanced degrees in science and an equally dramatic increase in the number of professionals leaving scientific careers. Leaving Science provides the first significant examination of this worrisome new trend. Economist Anne E. Preston examines a wide range of important questions: Why do professionals who have invested extensive time and money on a rigorous scientific education leave the field? Where do these scientists go and what do they do? What policies might aid in retaining and improving the quality of life for science personnel? Based on data from a large national survey of nearly 1,700 people who received university degrees in the natural sciences or engineering between 1965 and 1990 and a subsequent in-depth follow-up survey, Leaving Science provides a comprehensive portrait of the career trajectories of men and women who have earned science degrees. Alarmingly, by the end of the follow-up survey, only 51 percent of the original respondents were still working in science. During this time, federal funding for scientific research decreased dramatically relative to private funding. Consequently, the direction of scientific research has increasingly been dictated by market forces, and many scientists have left academic research for income and opportunity in business and industry. Preston identifies the main reasons for people leaving scientific careers as dissatisfaction with compensation and career advancement, difficulties balancing family and career responsibilities, and changing professional interests. Highlighting the difference between male and female exit patterns, Preston shows that most men left because they found scientific salaries low relative to perceived alternatives in other fields, while most women left scientific careers in response to feelings of alienation due to lack of career guidance, difficulty relating to their work, and insufficient time for their family obligations. Leaving Science contains a unique blend of rigorous statistical analysis with voices of individual scientists, ensuring a rich and detailed understanding of an issue with profound consequences for the nation's future. A better understanding of why professionals leave science can help lead to changes in scientific education and occupations and make the scientific workplace more attractive and hospitable to career men and women.
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Lectures on Economic Growth
Robert E. Lucas Jr.
Harvard University Press, 2004

In this book the Nobel Prize-winning economist Robert Lucas collects his writings on economic growth, from his seminal On the Mechanics of Economic Development to his previously unpublished 1997 Kuznets Lectures.

The chapters progress from a general theory of how growth could be sustained and why growth rates might differ in different countries, to a model of exceptional growth in certain countries in the twentieth century, to an account of the take-off of growth in the Industrial Revolution, and finally to a prediction about patterns of growth in this new century. The framework in all the chapters is a model with accumulation of both physical and human capital, with emphasis on the external benefits of human capital through diffusion of new knowledge or on-the-job learning, often stimulated by trade. The Kuznets Lectures consider the interaction of human capital growth and the demographic transition in the early stages of industrialization. In the final chapter, Lucas uses a diffusion model to illustrate the possibility that the vast intersociety income inequality created in the course of the Industrial Revolution may have already reached its peak, and that income differences will decline in this century.

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Legacies, Logics, Logistics
Essays in the Anthropology of the Platform Economy
Jane I. Guyer
University of Chicago Press, 2016
Legacies, Logics, Logistics brings together a set of essays, written both before and after the financial crisis of 2007–08, by eminent Africanist and economic anthropologist Jane I. Guyer. Each was written initially for a conference on a defined theme. When they are brought together and interpreted as a whole by Guyer, these varied essays show how an anthropological and socio-historical approach to economic practices—both in the West and elsewhere—can illuminate deep facets of economic life that the big theories and models may fail to capture.

Focusing on economic actors—whether ordinary consumers or financial experts—Guyer traces how people and institutions hold together past experiences (legacies), imagined scenarios and models (logics), and situational challenges (logistics) in a way that makes the performance of economic life (on platforms made of these legacies, logics, and logistics) work in practice. Individual essays explore a number of topics—including time frames and the future, the use of percentages in observations and judgments, the explanation of prices, the coexistence of different world currencies, the reapplication of longtime economic theories in new settings, and, crucially, how we talk about the economy, how we use stable terms to describe a turbulent system. Valuable as standalone pieces, the essays build into a cogent method of economic anthropology. 
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Legal Secrets
Equality and Efficiency in the Common Law
Kim Lane Scheppele
University of Chicago Press, 1988
Does the seller of a house have to tell the buyer that the water is turned off twelve hours a day? Does the buyer of a great quantity of tobacco have to inform the seller that the military blockade of the local port, which had depressed tobacco sales and lowered prices, is about to end? Courts say yes in the first case, no in the second. How can we understand the difference in judgments? And what does it say about whether the psychiatrist should disclose to his patient's girlfriend that the patient wants to kill her?

Kim Lane Scheppele answers the question, Which secrets are legal secrets and what makes them so? She challenges the economic theory of law, which argues that judges decide cases in ways that maximize efficiency, and she shows that judges use equality as an important principle in their decisions. In the course of thinking about secrets, Scheppele also explores broader questions about judicial reasoning—how judges find meaning in legal texts and how they infuse every fact summary with the values of their legal culture. Finally, the specific insights about secrecy are shown to be consistent with a general moral theory of law that indicates what the content of law should be if the law is to be legitimate, a theory that sees legal justification as the opportunity to attract consent.

This is more than a book about secrets. It is also a book about the limits of an economic view of law. Ultimately, it is a work in constructive legal theory, one that draws on moral philosophy, sociology, economics, and political theory to develop a new view of legal interpretation and legal morality.
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Leveraged
The New Economics of Debt and Financial Fragility
Edited by Moritz Schularick
University of Chicago Press, 2022
An authoritative guide to the new economics of our crisis-filled century. Published in collaboration with the Institute for New Economic Thinking.

The 2008 financial crisis was a seismic event that laid bare how financial institutions’ instabilities can have devastating effects on societies and economies. COVID-19 brought similar financial devastation at the beginning of 2020 and once more massive interventions by central banks were needed to heed off the collapse of the financial system. All of which begs the question: why is our financial system so fragile and vulnerable that it needs government support so often? 

For a generation of economists who have risen to prominence since 2008, these events have defined not only how they view financial instability, but financial markets more broadly. Leveraged brings together these voices to take stock of what we have learned about the costs and causes of financial fragility and to offer a new canonical framework for understanding it. Their message: the origins of financial instability in modern economies run deeper than the technical debates around banking regulation, countercyclical capital buffers, or living wills for financial institutions. Leveraged offers a fundamentally new picture of how financial institutions and societies coexist, for better or worse.  

The essays here mark a new starting point for research in financial economics. As we muddle through the effects of a second financial crisis in this young century, Leveraged provides a road map and a research agenda for the future.
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L'hypothèse d'instabilité financière
Les processus capitalistes et le comportement de l'économie
Hyman P. Minsky
Diaphanes, 2013
Comment expliquer et prévoir l’instabilité qui caractérise le développement des systèmes économiques ? Comment appréhender les « marchés sauvages » qui constituent notre réalité actuelle ? Dès les années 1960, Hyman Minsky développe une théorie consacrée à l’instabilité des systèmes. Il démontre que le krach financier est un phénomène intervenant régulièrement, qui n’est dû ni à des causes externes, ni à des erreurs d’appréciation : C’est la logique des marchés financiers elle-même, bien plus que des secousses issues de la périphérie du système, qui serait à l’origine des crises. En présentant le texte central de la théorie économique d’Hyman P. Minsky, L’hypothèse d’instabilité financière offre au lecteur une première approche passionnante de cette œuvre dense, fondamentale et jusqu’à présent méconnue en France.
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Liberalism's Last Man
Hayek in the Age of Political Capitalism
Vikash Yadav
University of Chicago Press, 2023

A modern reframing of Friedrich Hayek’s most famous work for the 21st century.

Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous.

In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

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Liberalism's Last Man
Hayek in the Age of Political Capitalism
Vikash Yadav
University of Chicago Press, 2023

A modern reframing of Friedrich Hayek’s most famous work for the 21st century.

Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous.

In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

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Liberating Economics
Feminist Perspectives on Families, Work, and Globalization
Drucilla K. Barker and Susan F. Feiner
University of Michigan Press, 2004
Liberating Economics draws on central concepts from women's studies scholarship to construct a feminist understanding of the economic roles of families, caring labor, motherhood, paid and unpaid labor, poverty, the feminization of labor, and the consequences of globalization. Barker and Feiner consistently recognize the importance of social location -- gender, race, class, sexual identity, and nationality -- in economic processes shaping the home, paid employment, market relations, and the global economy. Throughout they connect women's economic status in the industrialized nations to the economic circumstances surrounding women in the global South.

Rooted in the two disciplines, this book draws on the rich tradition of interdisciplinary work in feminist social science scholarship to construct a parallel between the notions that the "personal is political" and "the personal is economic."

Drucilla K. Barker is Professor of Economics and Women's Studies, Hollins University.

Susan F. Feiner is Associate Professor of Economics and Women's Studies, University of Southern Maine.


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Lie Of The Land
Migrant Workers and the California Landscape
Don Mitchell
University of Minnesota Press, 1996
A hard-hitting look at the story behind California's famous scenery. The beauty of the California landscape is integral to its place in the imagination of generations of people around the world. In The Lie of the Land, geographer Don Mitchell looks at the human costs associated with this famous scenery. Through an account of the labor history of the state, Mitchell examines the material and ideological struggles over living and working conditions that played a large part in the construction of the contemporary California landscape. The Lie of the Land examines the way the California landscape was built on the backs of migrant workers, focusing on migratory labor and agribusiness before World War II. The book relates the historical geography of California to the processes of labor that made it, discussing not only significant strikes but also on the everyday existence of migrant workers in the labor camps, fields, and "Hoovervilles" where they lived. Mitchell places class struggle at the heart of social development, demonstrating concretely how farm workers affected their social and material environment, as well as exploring how farm owners responded to their workers' efforts to improve their living and working conditions. Mitchell also places "reformers" in context, revealing the actual nature of their role in relation to migrant workers' efforts-that of undermining the struggle for genuine social change. In addition, this volume captures the significance of the changing composition of the agricultural workforce, particularly in racial terms, as the class struggle evolved over a period of decades. Mitchell has written a narrative history that describes the intimate connection between landscape representations and the material form of geography. The Lie of the Land places people squarely in the middle of the landscapes they inhabit, shedding light on the complex and seemingly contradictory interactions between progressive state agents, radical workers, and California growers as they seek to remake the land in their own image. "It is important that the story of the migrant workers is told and Mitchell tells it well." Transactions/Area "The Lie of the Land opens up new and rich possibilities to help prod our thinking about the processes involved in understanding the changing morphology of landscape. This is an important book. Mitchell's lucid examination of the role of migrant workers in shaping and reshaping California's agricultural landscapes brings new meaning to the creation of the sometimes sublime, yet always complex, rural landscapes in places like the Salinas Valley, the Central Valley, and the Imperial Valley. For many historical geographers and others fortunate enough to read this book, the vision and study of landscape evolution will never be the same." Historical Geography "For anyone wishing to go beyond such movies and novels that do address Californian labour history before the Second World War, this is an excellent integration of all too often disparate approaches and materials. It should be required reading far beyond the confines of labour history." Labour History Review "The Lie of the Land is an important contribution to the study of landscape, to cultural geography, and more generally to critical geography. The book should be held up as a model for students and researchers in the field." Environment & Planning A "In The Lie of the Land, Don Mitchell represents a new, interdisciplinary, cultural geography, using such disparate fields as art history and labor history. He looks at migrant workers in California from the Wheatland riot of 1913 to the Bracero Program of 1942." Western Historical Quarterly "What he discovers is that the image of California as an agricultural Eden, as initially witnessed by John Steinbeck's Joad family in The Grapes of Wrath, never matches the reality of a land that is tightly controlled by corporate growers, a land that exploits the labor of waves of migratory workers from the late 19th century on. Mitchell looks behind the pastoral charm of fertile fields and neatly tended farmhouses to reveal the brutal working conditions and squalid living conditions of the migratory camps. Along the way, he acquaints the reader with a century of labor history and the fact that Anglos, Filipinos, Japanese and Chicanos have all taken their turn at working--and fighting against--the California agricultural landscape." Journal of the West "Mitchell, who teaches geography at the University of Colorado at Boulder, describes the labor struggles of the migrants with clarity and grace. The Lie of the Land is, in many ways, a valuable contribution to the study of California labor relations." Los Angeles Reader "Amidst the array of studies about California agriculture, geographer Don Mitchell offers a singular analysis. His study is a carefully researched and closely reasoned interpretation of the interaction between the place, the people, and the agricultural plenitude which together, he contends, have contributed to the evolving morphology of the California landscape." Agricultural History Don Mitchell is assistant professor of geography at the University of Colorado at Boulder.
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The Life Insurance Enterprise, 1885–1910
A Study in the Limits of Corporate Power
Morton Keller
Harvard University Press

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The Limits of Liberty
Between Anarchy and Leviathan
James M. Buchanan
University of Chicago Press, 1975
"The Limits of Liberty is concerned mainly with two topics. One is an attempt to construct a new contractarian theory of the state, and the other deals with its legitimate limits. The latter is a matter of great practical importance and is of no small significance from the standpoint of political philosophy."—Scott Gordon, Journal of Political Economy

James Buchanan offers a strikingly innovative approach to a pervasive problem of social philosophy. The problem is one of the classic paradoxes concerning man's freedom in society: in order to protect individual freedom, the state must restrict each person's right to act. Employing the techniques of modern economic analysis, Professor Buchanan reveals the conceptual basis of an individual's social rights by examining the evolution and development of these rights out of presocial conditions.
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The Limits of Market Organization
Richard R. Nelson
Russell Sage Foundation, 2005
The last quarter century has seen a broad, but qualified, belief in the efficacy of market organization slide into an unyielding dogma that the market, as unconstrained as possible, is the best way to govern virtually all economic activity. However, unrestricted markets can often lead to gross inequalities in access to important resources, the creation of monopolies, and other negative effects that require regulation or public subsidies to remedy. In The Limits of Market Organization, editor Richard Nelson and a group of economic experts take a more sophisticated look at the public/private debate, noting where markets are useful, where they can be effective only if augmented by non-market mechanisms, and where they are simply inappropriate. The Limits of Market Organization examines the appropriateness of markets in four areas where support for privatization varies widely: human services, public utilities, science and technology, and activities where market involvement is altogether inappropriate. Richard Murnane makes the case that a social interest in providing equal access to high quality education means that for school voucher plans to be effective, substantial government oversight is necessary. Federal involvement in a transcontinental railroad system was initially applauded, but recent financial troubles at Amtrak have prompted many to call for privatization of the rails. Yet contributor Elliot Sclar argues that public subsidies are the only way to maintain this vital part of the American transportation infrastructure. While market principles can promote competition and foster innovation, applying them in certain areas can actually stifle progress. Nelson argues that aggressive patenting has hindered scientific research by restricting access to tools and processes that could be used to generate new findings. He suggests that some kind of exception to patent law should be made for scientists who seek to build off of patented findings and then put their research results into the public domain. In other spheres, market organization is altogether unsuitable. Legal expert Richard Briffault looks at one such example—the democratic political process—and profiles the successes and failures of campaign finance reform in preventing parties from buying political influence. This important volume shows that market organization has its virtues, but also its drawbacks. Just as regulation can be over-applied, so too can market principles. The Limits of Market Organization encourages readers to think more discriminately about the march toward privatization, and to remember the importance of public institutions.
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The Limits of Money
Three Perceptions of Our Most Comprehensive Value System
Simon Goudsmit
Eburon Academic Publishers, 2005
The Limits of Money examines money as a historical phenomenon and speculates on its future possibilities and limitations. The volume opens with a concise history of monetary systems and then examines how the advent of numbers transformed money into the main determinant of fiscal value. Simon Goudsmit concludes by looking at the tension between the power of financial incentives and the civic structures and behaviors needed to maintain Western democracy.

The Limits of Money is an intriguing and much-needed study of the role of money in daily life and human societies.
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Lincoln and the Economics of the American Dream
Gabor S. Boritt
University of Illinois Press, 1994
This unique exploration of Lincoln's economic beliefs shows how they helped shape his view of slavery, his conduct of the war, and most fundamentally his understanding of what the United States was and could become.
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Linnaeus
Nature and Nation
Lisbet Koerner
Harvard University Press, 2001

Drawing on letters, poems, notebooks, and secret diaries, Lisbet Koerner tells the moving story of one of the most famous naturalists who ever lived, the Swedish-born botanist and systematizer, Carl Linnaeus. The first scholarly biography of this great Enlightenment scientist in almost one hundred years, Linnaeus also recounts for the first time Linnaeus' grand and bizarre economic projects: to "teach" tea, saffron, and rice to grow on the Arctic tundra and to domesticate buffaloes, guinea pigs, and elks as Swedish farm animals.

Linnaeus hoped to reproduce the economy of empire and colony within the borders of his family home by growing cash crops in Northern Europe. Koerner shows us the often surprising ways he embarked on this project. Her narrative goes against the grain of Linnaean scholarship old and new by analyzing not how modern Linnaeus was, but how he understood science in his time. At the same time, his attempts to organize a state economy according to principles of science prefigured an idea that has become one of the defining features of modernity. Meticulously researched, and based on archival data, Linnaeus will be of compelling interest to historians of the Enlightenment, historians of economics, and historians of science. But this engaging, often funny, and sometimes tragic portrait of a great man will be valued by general readers as well.

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Listed
Dispatches from America’s Endangered Species Act
Joe Roman
Harvard University Press, 2011

The first listed species to make headlines after the Endangered Species Act was passed in 1973 was the snail darter, a three-inch fish that stood in the way of a massive dam on the Little Tennessee River. When the Supreme Court sided with the darter, Congress changed the rules. The dam was built, the river stopped flowing, and the snail darter went extinct on the Little Tennessee, though it survived in other waterways. A young Al Gore voted for the dam; freshman congressman Newt Gingrich voted for the fish.

A lot has changed since the 1970s, and Joe Roman helps us understand why we should all be happy that this sweeping law is alive and well today. More than a general history of endangered species protection, Listed is a tale of threatened species in the wild—from the whooping crane and North Atlantic right whale to the purple bankclimber, a freshwater mussel tangled up in a water war with Atlanta—and the people working to save them.

Employing methods from the new field of ecological economics, Roman challenges the widely held belief that protecting biodiversity is too costly. And with engaging directness, he explains how preserving biodiversity can help economies and communities thrive. Above all, he shows why the extinction of species matters to us personally—to our health and safety, our prosperity, and our joy in nature.

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Location and Land Use
Toward a General Theory of Land Rent
William Alonso
Harvard University Press

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The Logic of Collective Action
Public Goods and the Theory of Groups, With a New Preface and Appendix
Mancur Olson, Jr.
Harvard University Press, 1965

This book develops an original theory of group and organizational behavior that cuts across disciplinary lines and illustrates the theory with empirical and historical studies of particular organizations. Applying economic analysis to the subjects of the political scientist, sociologist, and economist, Mancur Olson examines the extent to which the individuals that share a common interest find it in their individual interest to bear the costs of the organizational effort.

The theory shows that most organizations produce what the economist calls “public goods”—goods or services that are available to every member, whether or not he has borne any of the costs of providing them. Economists have long understood that defense, law, and order were public goods that could not be marketed to individuals, and that taxation was necessary. They have not, however, taken account of the fact that private as well as governmental organizations produce public goods.

The services the labor union provides for the worker it represents, or the benefits a lobby obtains for the group it represents, are public goods: they automatically go to every individual in the group, whether or not he helped bear the costs. It follows that, just as governments require compulsory taxation, many large private organizations require special (and sometimes coercive) devices to obtain the resources they need. This is not true of smaller organizations for, as this book shows, small and large organizations support themselves in entirely different ways. The theory indicates that, though small groups can act to further their interest much more easily than large ones, they will tend to devote too few resources to the satisfaction of their common interests, and that there is a surprising tendency for the “lesser” members of the small group to exploit the “greater” members by making them bear a disproportionate share of the burden of any group action.

All of the theory in the book is in Chapter 1; the remaining chapters contain empirical and historical evidence of the theory’s relevance to labor unions, pressure groups, corporations, and Marxian class action.

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Lone Pursuit
Distrust and Defensive Individualism Among the Black Poor
Sandra Susan Smith
Russell Sage Foundation, 2007
Unemployment among black Americans is twice that of whites. Myriad theories have been put forward to explain the persistent employment gap between blacks and whites in the U.S. Structural theorists point to factors such as employer discrimination and the decline of urban manufacturing. Other researchers argue that African-American residents living in urban neighborhoods of concentrated poverty lack social networks that can connect them to employers. Still others believe that African-American culture fosters attitudes of defeatism and resistance to work. In Lone Pursuit, sociologist Sandra Susan Smith cuts through this thicket of competing explanations to examine the actual process of job searching in depth. Lone Pursuit reveals that unemployed African Americans living in the inner city are being let down by jobholding peers and government agencies who could help them find work, but choose not to. Lone Pursuit is a pioneering ethnographic study of the experiences of low-skilled, black urban residents in Michigan as both jobseekers and jobholders. Smith surveyed 105 African-American men and women between the ages of 20 and 40, each of whom had no more than a high school diploma. She finds that mutual distrust thwarts cooperation between jobseekers and jobholders. Jobseekers do not lack social capital per se, but are often unable to make use of the network ties they have. Most jobholders express reluctance about referring their friends and relatives for jobs, fearful of jeopardizing their own reputations with employers. Rather than finding a culture of dependency, Smith discovered that her underprivileged subjects engage in a discourse of individualism. To justify denying assistance to their friends and relatives, jobholders characterize their unemployed peers as lacking in motivation and stress the importance of individual responsibility. As a result, many jobseekers, wary of being demeaned for their needy condition, hesitate to seek referrals from their peers. In a low-skill labor market where employers rely heavily on personal referrals, this go-it-alone approach is profoundly self-defeating. In her observations of a state job center, Smith finds similar distrust and non-cooperation between jobseekers and center staff members, who assume that young black men are unwilling to make an effort to find work. As private contractors hired by the state, the job center also seeks to meet performance quotas by screening out the riskiest prospects—black male and female jobseekers who face the biggest obstacles to employment and thus need the most help. The problem of chronic black joblessness has resisted both the concerted efforts of policymakers and the proliferation of theories offered by researchers. By examining the roots of the African-American unemployment crisis from the vantage point of the everyday job-searching experiences of the urban poor, Lone Pursuit provides a novel answer to this decades-old puzzle.
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Low-Wage America
How Employers Are Reshaping Opportunity in the Workplace
Eileen Appelbaum
Russell Sage Foundation, 2003
About 27.5 million Americans—nearly 24 percent of the labor force—earn less than $8.70 an hour, not enough to keep a family of four out of poverty, even working full-time year-round. Job ladders for these workers have been dismantled, limiting their ability to get ahead in today's labor market. Low-Wage America is the most extensive study to date of how the choices employers make in response to economic globalization, industry deregulation, and advances in information technology affect the lives of tens of millions of workers at the bottom of the wage distribution. Based on data from hundreds of establishments in twenty-five industries—including manufacturing, telecommunications, hospitality, and health care—the case studies document how firms' responses to economic restructuring often results in harsh working conditions, reduced benefits, and fewer opportunities for advancement. For instance, increased pressure for profits in newly consolidated hotel chains has led to cost-cutting strategies such as requiring maids to increase the number of rooms they clean by 50 percent. Technological changes in the organization of call centers—the ultimate "disposable workplace"—have led to monitoring of operators' work performance, and eroded job ladders. Other chapters show how the temporary staffing industry has provided paths to better work for some, but to dead end jobs for many others; how new technology has reorganized work in the back offices of banks, raising skill requirements for workers; and how increased competition from abroad has forced U.S. manufacturers to cut costs by reducing wages and speeding production. Although employers' responses to economic pressures have had a generally negative effect on frontline workers, some employers manage to resist this trend and still compete successfully. The benefits to workers of multi-employer training consortia and the continuing relevance of unions offer important clues about what public policy can do to support the job prospects of this vast, but largely overlooked segment of the American workforce. Low-Wage America challenges us to a national self-examination about the nature of low-wage work in this country and asks whether we are willing to tolerate the profound social and economic consequences entailed by these jobs. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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Low-Wage Work in Denmark
Niels Westergaard-Nielsen
Russell Sage Foundation, 2008
The Danish economy offers a dose of American labor market flexibility inside a European welfare state. The Danish government allows employers a relatively high level of freedom to dismiss workers, but also provides generous unemployment insurance. Widespread union coverage and an active system of collective bargaining help regulate working conditions in the absence of strong government regulation. Denmark's rate of low-wage work—8.5 percent—is the lowest of the five countries under analysis. In Low-Wage Work in Denmark, a team of Danish researchers combines comprehensive national registry data with detailed case studies of five industries to explore why low-end jobs are so different in Denmark. Some jobs that are low-paying in the United States, including hotel maids and meat processors, though still demanding, are much more highly compensated in Denmark. And Danes, unlike American workers, do not stay in low-wage jobs for long. Many go on to higher paying jobs, while a significant minority ends up relying temporarily on income support and benefits sustained by one of the highest tax rates in the world.  Low-Wage Work in Denmark provides an insightful look at the particularities of the Danish labor market and the lessons it holds for both the United States and the rest of Europe. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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Low-Wage Work in France
Eve Caroli
Russell Sage Foundation, 2008
In France, low wages have historically inspired tremendous political controversy. The social and political issues at stake center on integrating the working class into society and maintaining the stability of the republican regime. A variety of federal policies—including high minimum wages and strong employee protection—serve to ensure that the low-wage workforce stays relatively small. Low-Wage Work in France examines both the benefits and drawbacks of this politically inspired system of worker protection. France's high minimum wage, which is indexed not only to inflation but also to the average increase in employee wages, plays a critical role in limiting the development of low-paid work. Social welfare benefits and a mandatory thirty-five hour work week also make life easier for low-wage workers. Strong employee protection is a central characteristic of the French model, but high levels of protection for employees may also be one of the causes of France's chronically high rate of unemployment. The threat of long-term unemployment may, in turn, contribute to a persistent sense of insecurity among French workers. Low-Wage Work in France provides a lucid analysis of how a highly regulated labor market shapes the experiences of workers—for better and for worse. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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front cover of Low-Wage Work in Germany
Low-Wage Work in Germany
Gerhard Bosch
Russell Sage Foundation, 2008
In recent years, the German government has intentionally expanded the low-wage work sector in an effort to reduce exceptionally high levels of unemployment. As a result, the share of the German workforce employed in low-paying jobs now rivals that of the United States. Low Wage Work in Germany examines both the federal policies and changing economic conditions that have driven this increase in low-wage work. The new "mini-job" reflects the federal government's attempt to make certain low-paying jobs attractive to both employers and employees. Employers pay a low flat rate for benefits, and employees, who work a limited number of hours per week, are exempt from social security and tax contributions. Other factors, including slow economic growth, a declining collective bargaining system, and the influx of foreign workers, also contribute to the growing incidence of low-wage work. Yet while both Germany and the United States have large shares of low-wage workers, German workers receive health insurance, four weeks of paid vacation, and generous old age support—benefits most low-wage workers in the United States can only dream of. The German experience offers an important opportunity to explore difficult trade-offs between unemployment and low-wage work. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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front cover of Low-Wage Work in the Netherlands
Low-Wage Work in the Netherlands
Weimer Salverda
Russell Sage Foundation, 2008
The Dutch economy has often been heralded for accomplishing solid employment growth within a generous welfare system. In recent years, the Netherlands has seen a rise in low-wage work and has maintained one of the lowest unemployment rates in the European Union. Low-Wage Work in the Netherlands narrows in on the causes and consequences of this new development. The authors find that the increase in low-wage work can be partly attributed to a steep rise in the number of part-time jobs and non-standard work contracts—46 percent of Dutch workers hold part-time jobs. The decline in full-time work has challenged historically powerful Dutch unions and has led to a slow but steady dismantling of many social insurance programs from 1979 onward. At the same time, there are hopeful lessons to be gleaned from the Dutch model: low-wage workers benefit from a well-developed system of income transfers, and many move on to higher paying jobs. Low-Wage Work in the Netherlands paints a nuanced picture of the Dutch economy by analyzing institutions that both support and challenge its low-wage workforce. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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front cover of Low-Wage Work in the Wealthy World
Low-Wage Work in the Wealthy World
Jerome Gautie
Russell Sage Foundation, 2010
As global flows of goods, capital, information, and people accelerate competitive pressure on businesses throughout the industrialized world, firms have responded by reorganizing work in a variety of efforts to improve efficiency and cut costs. In the United States, where minimum wages are low, unions are weak, and immigrants are numerous, this has often lead to declining wages, increased job insecurity, and deteriorating working conditions for workers with little bargaining power in the lower tiers of the labor market. Low-Wage Work in the Wealthy World builds on an earlier Russell Sage Foundation study (Low-Wage America) to compare the plight of low-wage workers in the United States to five European countries—Denmark, France, Germany, the Netherlands, and the United Kingdom—where wage supports, worker protections, and social benefits have generally been stronger. By examining low-wage jobs in systematic case studies across five industries, this groundbreaking international study goes well beyond standard statistics to reveal national differences in the quality of low-wage work and the well being of low-wage workers. The United States has a high percentage of low-wage workers—nearly three times more than Denmark and twice more than France. Since the early 1990s, however, the United Kingdom, the Netherlands, and Germany have all seen substantial increases in low-wage jobs. While these jobs often entail much the same drudgery in Europe and the United States, quality of life for low-wage workers varies substantially across countries. The authors focus their analysis on the "inclusiveness" of each country's industrial relations system, including national collective bargaining agreements and minimum-wage laws, and the generosity of social benefits such as health insurance, pensions, family leave, and paid vacation time—which together sustain a significantly higher quality of life for low-wage workers in some countries. Investigating conditions in retail sales, hospitals, food processing, hotels, and call centers, the book's industry case studies shed new light on how national institutions influence the way employers organize work and shape the quality of low-wage jobs. A telling example: in the United States and several European nations, wages and working conditions of front-line workers in meat processing plants are deteriorating as large retailers put severe pressure on prices, and firms respond by employing low-wage immigrant labor. But in Denmark, where unions are strong, and, to a lesser extent, in France, where the statutory minimum wage is high, the low-wage path is blocked, and firms have opted instead to invest more heavily in automation to raise productivity, improve product quality, and sustain higher wages. However, as Low-Wage Work in the Wealthy World also shows, the European nations' higher level of inclusiveness is increasingly at risk. "Exit options," both formal and informal, have emerged to give employers ways around national wage supports and collectively bargained agreements. For some jobs, such as room cleaners in hotels, stronger labor relations systems in Europe have not had much impact on the quality of work. Low-Wage Work in the Wealthy World offers an analysis of low-wage work in Europe and the United States based on concrete, detailed, and systematic contrasts. Its revealing case studies not only provide a human context but also vividly remind us that the quality and incidence of low-wage work is more a matter of national choice than economic necessity and that government policies and business practices have inevitable consequences for the quality of workers' lives. A Volume in the Russell Sage Foundation Case Studies of Job Quality in Advanced Economies
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