front cover of Basic Income
Basic Income
A Radical Proposal for a Free Society and a Sane Economy
Philippe Van Parijs and Yannick Vanderborght
Harvard University Press, 2017

“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

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front cover of Belonging, Identity, and Conflict in the Central African Republic
Belonging, Identity, and Conflict in the Central African Republic
Gino Vlavonou
University of Wisconsin Press, 2023
Political conflict in many parts of the world has been shaped by notions of who rightfully belongs to a place. The concept of autochthony—that a true, original people are born of a land and belong to it above all others—has animated struggles across postcolonial Africa. But is this sense of rootedness from time immemorial necessary to assertions of original being and thus political supremacy? Belonging, Identity, and Conflict in the Central African Republic examines how political conflict unfolds when the language of autochthony is detached from historical land claims. 

Focusing on violent struggles in the Central African Republic between 2012 and 2019, Gino Vlavonou explores the social practices, discursive strategies, and government policies that emerged in the relentless project of African state building. Conflict pitted Christian-animist communities, loosely organized as vigilante groups under the name anti-Balaka, against Muslim rebels known as the Séléka. Fighters of the anti-Balaka claimed that they were autochthonous, the “true Central Africans,” reframing their Muslim neighbors as foreigners to be expelled. While the country had previously witnessed episodes of violence, both peoples had lived together relatively peacefully and intermarried. The speed and ferocity with which identity was weaponized puzzled many observers. To understand this phenomenon, Vlavonou probes autochthony as a category of identity that differs from ethnicity in important ways. He argues that elites and ordinary citizens alike mobilize the language of original belonging as “identity capital,” a resource to be deployed. The value of that capital is lodged in what people say and do every day to give meaning to their identity, and its content changes across time and space. 
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Between Field and Cooking Pot
The Political Economy of Marketwomen in Peru, Revised Edition
By Florence E. Babb
University of Texas Press, 1998

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.

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Between HIV Prevention and LGBTI Rights
The Political Economy of Queer Activism in Ghana
Ellie Gore
University of Michigan Press, 2024
Between HIV Prevention and LGBTI Rights investigates the transformative impacts of global development's sexual rights agenda on queer politics and activism in Ghana. With queer men bearing a disproportionate burden of HIV in Africa, rights-based health interventions have sought to tackle the epidemic by bringing together, educating, and ‘empowering’ queer African communities. Gore argues that queer Ghanaian men are not benefiting from development’s turn to sexual health and sexual rights. Instead, HIV and other sexual rights-based initiatives operate through neoliberal paradigms that reinforce class divides and de-politicize queer struggle. These dynamics are further shaping and shaped by the politicization of homophobia within the contemporary Ghanaian state.

Gore combines original ethnography, documentary analysis, and the examination of development and global health data to connect the struggle for queer liberation in Ghana to broader trajectories of capitalist transformation and crisis and the afterlives of colonialism. In doing so, Between HIV Prevention andLGBTI Rights offers fascinating insights into the political economy of sexuality and global development for scholars, activists, and policymakers seeking to understand and address sexual injustice and oppression, both in Africa and beyond.
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Beyond the World Bank Agenda
An Institutional Approach to Development
Howard Stein
University of Chicago Press, 2008
Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. In Beyond the World Bank Agenda, Howard Stein argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development.
            Drawing on the examples of Africa, Asia, Latin America, and transitional European economies, this revolutionary volume proposes an alternative vision of institutional development with chapter-length applications to finance, state formation, and health care to provide a holistic, contextualized solution to the problems of developing nations. Beyond the World Bank Agenda will be essential reading for anyone concerned with forging a new strategy for sustainable development. 
 

 
 
 
 
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front cover of The Biological Consequences of Socioeconomic Inequalities
The Biological Consequences of Socioeconomic Inequalities
Barbara Wolfe
Russell Sage Foundation, 2013
Social scientists have repeatedly uncovered a disturbing feature of economic inequality: people with larger incomes and better education tend to lead longer, healthier lives. This pattern holds across all ages and for virtually all measures of health, apparently indicating a biological dimension of inequality. But scholars have only begun to understand the complex mechanisms that drive this disparity. How exactly do financial well-being and human physiology interact? The Biological Consequences of Socioeconomic Inequalities incorporates insights from the social and biological sciences to quantify the biology of disadvantage and to assess how poverty gets under the skin to impact health. Drawing from unusually rich datasets of biomarkers, brain scans, and socioeconomic measures, Biological Consequences of Socioeconomic Inequalities illustrates exciting new paths to understanding social inequalities in health. Barbara Wolfe, William N. Evans and Nancy Adler begin the volume with a critical evaluation of the literature on income and health, providing a lucid review of the difficulties of establishing clear causal pathways between the two variables. In their chapter, Arun S. Karlamangla, Tara L. Gruenewald, and Teresa E. Seeman outline the potential of biomarkers—such as cholesterol, heart pressure, and C-reactive protein—to assess and indicate the factors underlying health. Edith Chen, Hannah M. C. Schreier, and Meanne Chan reveal the empirical power of biomarkers by examining asthma, a condition steeply correlated with socioeconomic status. Their analysis shows how stress at the individual, family, and neighborhood levels can increase the incidence of asthma. The volume then turns to cognitive neuroscience, using biomarkers in a new way to examine the impact of poverty on brain development. Jamie Hanson, Nicole Hair, Amitabh Chandra, Ed Moss, Jay Bhattacharya, Seth D. Pollack, and Barbara Wolfe use a longitudinal Magnetic Resonance Imaging (MRI) study of children between the ages of four and eighteen to study the link between poverty and limited cognition among children. Michelle C. Carlson, Christopher L. Seplaki, and Teresa E. Seeman also focus on brain development to examine the role of socioeconomic status in cognitive decline among older adults. Featuring insights from the biological and social sciences, Biological Consequences of Socioeconomic Inequalities will be an essential resource for scholars interested in socioeconomic disparities and the biological imprint that material deprivation leaves on the human body.
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Birth of Hegemony
Crisis, Financial Revolution, and Emerging Global Networks
Andrew C. Sobel
University of Chicago Press, 2012
With American leadership facing increased competition from China and India, the question of how hegemons emerge—and are able to create conditions for lasting stability—is of utmost importance in international relations. The generally accepted wisdom is that liberal superpowers, with economies based on capitalist principles, are best able to develop systems conducive to the health of the global economy.
 
In Birth of Hegemony, Andrew C. Sobel draws attention to the critical role played by finance in the emergence of these liberal hegemons. He argues that a hegemon must have both the capacity and the willingness to bear a disproportionate share of the cost of providing key collective goods that are the basis of international cooperation and exchange. Through this, the hegemon helps maintain stability and limits the risk to productive international interactions. However, prudent planning can account for only part of a hegemon’s ability to provide public goods, while some of the necessary conditions must be developed simply through the processes of economic growth and political development. Sobel supports these claims by examining the economic trajectories that led to the successive leadership of the Netherlands, Britain, and the United States.
 
Stability in international affairs has long been a topic of great interest to our understanding of global politics, and Sobel’s nuanced and theoretically sophisticated account sets the stage for a consideration of recent developments affecting the United States.
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The Black Boom
Riley, Jason L.
Templeton Press, 2021

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.

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Bloc by Bloc
How to Build a Global Enterprise for the New Regional Order
Steven Weber
Harvard University Press, 2019

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.

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Borrowing Credibility
Global Banks and Monetary Regimes
Jana Grittersová
University of Michigan Press, 2017
Nations with credible monetary regimes borrow at lower interest rates in international markets and are less likely to suffer speculative attacks and currency crises. While scholars typically attribute credibility to domestic institutions or international agreements, Jana Grittersová argues that when reputable multinational banks headquartered in Western Europe or North America open branches and subsidiaries within a nation, they enhance that nation’s monetary credibility.

These banks enhance credibility by promoting financial transparency in the local system, improving the quality of banking regulation and supervision, and by serving as private lenders of last resort. Reputable multinational banks provide an enforcement mechanism for publicized economic policies, signaling to international financial markets that the host government is committed to low inflation and stable currency.

Grittersová examines actual changes in government behavior of nations trying to gain legitimacy in international financial markets, and the ways in which perceptions of these nations change in relation to multinational banks. In addition to quantitative analysis of over 80 emerging-market countries, she offers extensive case studies of credibility building in the transition countries of Eastern Europe, Argentina in 2001, and the global financial crisis of 2008. Grittersová illuminates the complex interactions between multinational banks and national policymaking that characterize the process of financial globalization to reveal the importance of market confidence in a world of mobile capital. 

 
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Brahmin Capitalism
Frontiers of Wealth and Populism in America’s First Gilded Age
Noam Maggor
Harvard University Press, 2017

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.

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Building a Ruin
The Cold War Politics of Soviet Economic Reform
Yakov Feygin
Harvard University Press, 2024

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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front cover of Building the Cold War Consensus
Building the Cold War Consensus
The Political Economy of U.S. National Security Policy, 1949-51
Benjamin O. Fordham
University of Michigan Press, 1998
In 1950, the U.S. military budget more than tripled while plans for a national health care system and other new social welfare programs disappeared from the agenda. At the same time, the official campaign against the influence of radicals in American life reached new heights. Benjamin Fordham suggests that these domestic and foreign policy outcomes are closely related. The Truman administration's efforts to fund its ambitious and expensive foreign policy required it to sacrifice much of its domestic agenda and acquiesce to conservative demands for a campaign against radicals in the labor movement and elsewhere.
Using a statistical analysis of the economic sources of support and opposition to the Truman Administration's foreign policy, and a historical account of the crucial period between the summer of 1949 and the winter of 1951, Fordham integrates the political struggle over NSC 68, the decision to intervene in the Korean War, and congressional debates over the Fair Deal, McCarthyism and military spending. The Truman Administration's policy was politically successful not only because it appealed to internationally oriented sectors of the U.S. economy, but also because it was linked to domestic policies favored by domestically oriented, labor-sensitive sectors that would otherwise have opposed it.
This interpretation of Cold War foreign policy will interest political scientists and historians concerned with the origins of the Cold War, American social welfare policy, McCarthyism, and the Korean War, and the theoretical argument it advances will be of interest broadly to scholars of U.S. foreign policy, American politics, and international relations theory.
Benjamin O. Fordham is Assistant Professor of Political Science, State University of New York at Albany.
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