“Powerful as well as highly engaging—a brilliant book.”
—Amartya Sen
A Times Higher Education Book of the Week
It may sound crazy to pay people whether or not they’re working or even looking for work. But the idea of providing an unconditional basic income to everyone, rich or poor, active or inactive, has long been advocated by such major thinkers as Thomas Paine, John Stuart Mill, and John Kenneth Galbraith. Now, with the traditional welfare state creaking under pressure, it has become one of the most widely debated social policy proposals in the world. Basic Income presents the most acute and fullest defense of this radical idea, and makes the case that it is our most realistic hope for addressing economic insecurity and social exclusion.
“They have set forth, clearly and comprehensively, what is probably the best case to be made today for this form of economic and social policy.”
—Benjamin M. Friedman, New York Review of Books
“A rigorous analysis of the many arguments for and against a universal basic income, offering a road map for future researchers.”
—Wall Street Journal
“What Van Parijs and Vanderborght bring to this topic is a deep understanding, an enduring passion and a disarming optimism.”
—Steven Pearlstein, Washington Post
From reviews of the first edition:
"Between Field and Cooking Pot offers details of the daily lives of marketwomen in the central Andean departmental capital of Huaraz.... A welcome addition to studies of women and international development, this book contains a wealth of firsthand material, collected through informal participant-observation as well as formal interviews and analysis of statistical data.... The book encourages us to imagine how the dynamic culture of marketwomen might intersect with the construction, representation, and effects of class and gender."
—American Anthropologist
"The book has a clear and readable style, moving easily between vignettes of marketwomen's lives, descriptions of the markets themselves, and surveys of the theoretical literature. Babb's long, close involvement with the Huaraz markets is apparent. As someone who has spent a lot of time in Andean markets, I found the book pleasurable to read, because it recreated the experience of the marketplace so well."
—American Ethnologist
This revised edition of Between Field and Cooking Pot offers an updated appraisal of what neoliberal politics and economics mean in the lives of marketwomen in the nineties, based on new fieldwork conducted in 1997. Babb also reflects on how recent currents in feminist and anthropological studies have caused her to rethink some aspects of Andean marketers in Peruvian culture and society.
Economic inequality continues to be one of America’s most hotly debated topics. Still, there has been relatively little discussion of the fact that black-white gaps in joblessness, income, poverty and other measures were shrinking before the pandemic. Why was it happening, and why did this phenomenon go unacknowledged by so much media?
In The Black Boom, Jason L. Riley—acclaimed Wall Street Journal columnist and senior fellow at the Manhattan Institute—digs into the data and concludes that the economic lives of black people improved significantly under policies put into place during the Trump administration. To acknowledge as much is not to endorse the 45th president but to champion policies that achieve a clear moral objective shared by most Americans.
Riley argues that before the Covid-19 pandemic of 2020, the economic fortunes of blacks improved under Trump to an extent unseen under Obama and unseen going back several generations. Black unemployment and poverty reached historic lows, and black wages increased faster than white wages.
Less inequality is something that everyone wants, but disapproval of Trump’s personality and methods too often skewed the media’s appraisal of effective policies advocated by his administration. If we're going to make real progress in improving the lives of low-income minorities, says Riley, we must look beyond our partisan differences at what works and keep doing it. Unfortunately, many press outlets were unable or unwilling to do that.
Riley notes that political reporters were not unaware of this data. Instead, they chose to ignore or downplay it because it was inconvenient. In their view, Trump, because he was a Republican and because he was Trump, had it in for blacks, and thus his policy preferences would be harmful to minorities. To highlight that significant racial disparities were narrowing on his watch—that the administration’s tax and regulatory reforms were mainly boosting the working and middle classes rather than ‘the rich’—would have undermined a narrative that the media preferred to advance, regardless of its veracity.”
As with previous books in our New Threats to Freedom series, The Black Boom includes two essays from prominent experts who take issue with the author’s perspective. Juan Williams, a veteran journalist, and Wilfred Reilly, a political scientist, contribute thoughtful responses to Riley and show that it is possible to share a deep concern for disadvantaged groups while disagreeing on how best to help them.
At a time when globalization is taking a step backward, what’s the best way to organize a global enterprise? The key, explains political economist Steven Weber, is to prepare for a world increasingly made up of competing regions defined by their own rules and standards.
Globalization has taken a hit as trade wars and resistance to mass migrations dominate headlines. Are we returning to the old world of stand-alone nations? Political economist Steven Weber argues that we are heading toward something new. Global connectedness will not dissolve but will be defined by “regional” blocs, demarcated more by the rules and standards they follow than by territory. For leaders of firms and NGOs with global ambitions, navigating this transformation is the strategic challenge of the decade.
Not long ago, we thought the world was flattening out, offering a level playing field to organizations striving for worldwide reach. As global economic governance expanded, firms shifted operations to wherever was most efficient—designing in one country and buying, manufacturing, and selling in others. Today, the world looks bumpier, with rising protectionism, national struggles over data control, and tensions over who should set worldwide standards. Expect emerging regional blocs to be dominated by the major rule-makers: the US, China, and possibly the EU. Firms and NGOs will need to remake themselves by building complete, semi-independent organizations in each region. Every nation will choose which rule-maker it wants to align with, and it may not be the one next door. This new world has the potential to be more prosperous, Weber argues, but friction between the dynamics of geography and technology will make it more risky.
Pioneering research, creative thinking, and colorful storytelling from the frontlines of the global economy combine to make this a must-read for leaders and analysts facing tomorrow’s world.
Tracking the movement of finance capital toward far-flung investment frontiers, Noam Maggor reconceives the emergence of modern capitalism in the United States. Brahmin Capitalism reveals the decisive role of established wealth in the transformation of the American economy in the decades after the Civil War, leading the way to the nationally integrated corporate capitalism of the twentieth century.
Maggor’s provocative history of the Gilded Age explores how the moneyed elite in Boston—the quintessential East Coast establishment—leveraged their wealth to forge transcontinental networks of commodities, labor, and transportation. With the decline of cotton-based textile manufacturing in New England and the abolition of slavery, these gentleman bankers traveled far and wide in search of new business opportunities and found them in the mines, railroads, and industries of the Great West. Their investments spawned new political and social conflict, in both the urbanizing East and the expanding West. In contests that had lasting implications for wealth, government, and inequality, financial power collided with more democratic visions of economic progress.
Rather than being driven inexorably by technologies like the railroad and telegraph, the new capitalist geography was a grand and highly contentious undertaking, Maggor shows, one that proved pivotal for the rise of the United States as the world’s leading industrial nation.
A masterful account of the global Cold War’s decisive influence on Soviet economic reform, and the national decay that followed.
What brought down the Soviet Union? From some perspectives the answers seem obvious, even teleological—communism was simply destined to fail. When Yakov Feygin studied the question, he came to another conclusion: at least one crucial factor was a deep contradiction within the Soviet political economy brought about by the country’s attempt to transition from Stalinist mass mobilization to a consumer society.
Building a Ruin explores what happened in the Soviet Union as institutions designed for warfighting capacity and maximum heavy industrial output were reimagined by a new breed of reformers focused on “peaceful socioeconomic competition.” From Khrushchev on, influential schools of Soviet planning measured Cold War success in the same terms as their Western rivals: productivity, growth, and the availability of abundant and varied consumer goods. The shift was both material and intellectual, with reformers taking a novel approach to economics. Instead of trumpeting their ideological bona fides and leveraging their connections with party leaders, the new economists stressed technical expertise. The result was a long and taxing struggle for the meaning of communism itself, as old-guard management cadres clashed with reformers over the future of central planning and the state’s relationship to the global economic order.
Feygin argues that Soviet policymakers never resolved these tensions, leading to stagnation, instability, and eventually collapse. Yet the legacy of reform lingers, its factional dynamics haunting contemporary Russian politics.
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