3071 books match the query 'Business & Economics' and 83 start with h

cover of House Money: A History of the American Mortgage Market

House Money

A History of the American Mortgage Market

Jonathan D. Rose and Kenneth Snowden

University of Chicago Press, 0

How the market that made the American Dream was made—and what that history tells us about its future and fluctuations.

When Americans poured into cities and suburbs during the twentieth century, they needed capital to build and own homes. The market that emerged did more than merely provide it: the American mortgage market became the consequential, if occasionally misunderstood, cornerstone of the US financial system.

House Money traces the history of the growth and occasional collapse of the American mortgage market over the last 150 years. Jonathan Rose and Kenneth Snowden show how three major housing-related crises (of the 1930s, 1980s, and 2000s) were not just cyclical events nor bubbles. Rather, they were episodes in a common pattern: shocks produced when the availability of capital in the market was eclipsed by the risk the market took on. Rose and Snowden chart the macro factors that produced these capital/risk asymmetries, showing that in all three crises, the macroeconomic trends—not just bubbles, not banker avarice—conspired to create a downturn despite federal and private safeguards. This illustrates Rose and Snowden’s core principle: housing markets can (and often, must) shoulder considerable risk. When the capital behind that risk evaporates, trouble becomes more likely.

Mining more than a century of economic history, Rose and Snowden show how the institutions and practices in the American mortgage market reflect the push-pulls of its past—both the private innovations and the government interventions. House Money reveals the great risk undertaken in service to American homeownership—and the perennial question of what happens when that risk goes wrong.

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cover of House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

House of Debt

How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

Atif Mian and Amir Sufi

University of Chicago Press, 2014

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.

Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi.  More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place.

Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?
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cover of House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

House of Debt

How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

Atif Mian and Amir Sufi

University of Chicago Press, 2014

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.

Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi.  More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place.

Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?
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cover of House of Plenty: The Rise, Fall, and Revival of Luby's Cafeterias

House of Plenty

The Rise, Fall, and Revival of Luby's Cafeterias

By Carol Dawson and Carol Johnston

University of Texas Press, 2006

Violet Crown Award, Writers League of Texas, 2007
Citation, San Antonio Conservation Society, 2009

Scarred by the deaths of his mother and sisters and the failure of his father's business, a young man dreamed of making enough money to retire early and retreat into the secure world that his childhood tragedies had torn from him. But Harry Luby refused to be a robber baron. Turning totally against the tide of avaricious capitalism, he determined to make a fortune by doing good. Starting with that unlikely, even naive, ambition in 1911, Harry Luby founded a cafeteria empire that by the 1980s had revenues second only to McDonald's. So successfully did Luby and his heirs satisfy the tastes of America that Luby's became the country's largest cafeteria chain, creating more millionaires per capita among its employees than any other corporation of its size. Even more surprising, the company stayed true to Harry Luby's vision for eight decades, making money by treating its customers and employees exceptionally well.

Written with the sweep and drama of a novel, House of Plenty tells the engrossing story of Luby's founding and phenomenal growth, its long run as America's favorite family restaurant during the post-World War II decades, its financial failure during the greed-driven 1990s when non-family leadership jettisoned the company's proven business model, and its recent struggle back to solvency. Carol Dawson and Carol Johnston draw on insider stories and company records to recapture the forces that propelled the company to its greatest heights, including its unprecedented practices of allowing store managers to keep 40 percent of net profits and issuing stock to all employees, which allowed thousands of Luby's workers to achieve the American dream of honestly earned prosperity. The authors also plumb the depths of the Luby's drama, including a hushed-up theft that split the family for decades; the 1991 mass shooting at the Killeen Luby's, which splattered the company's good name across headlines nationwide; and the rapacious over-expansion that more than doubled the company's size in nine years (1987-1996), pushed it into bankruptcy, and drove president and CEO John Edward Curtis Jr. to violent suicide.

Disproving F. Scott Fitzgerald's adage that "there are no second acts in American lives," House of Plenty tells the epic story of an iconic American institution that has risen, fallen, and found redemption—with no curtain call in sight.

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cover of Housekeeping by Design: Hotels and Labor

Housekeeping by Design

Hotels and Labor

David Brody

University of Chicago Press, 2016

One of the great pleasures of staying in a hotel is spending time in a spotless, neat, and organized space that you don’t have to clean. That doesn’t, however, mean the work disappears—when we’re not looking, someone else is doing it.

With Housekeeping by Design, David Brody introduces us to those people—the housekeepers whose labor keeps the rooms clean and the guests happy. Through unprecedented access to staff at several hotels, Brody shows us just how much work goes on behind the scenes—and how much management goes out of its way to make sure that labor stays hidden. We see the incredible amount of hard physical work that is involved in cleaning and preparing a room, how spaces, furniture, and other objects are designed to facilitate a smooth flow of hidden labor, and, crucially, how that design could be improved for workers and management alike if front-line staff were involved in the design process. After reading this fascinating exposé of the ways hotels work—or don’t for housekeepers—one thing is certain: checking in will never be the same again.
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cover of Housing Markets in the United States and Japan

Housing Markets in the United States and Japan

Edited by Yukio Noguchi and James M. Poterba

University of Chicago Press, 1994

Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation.

In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall.

This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.
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cover of Housing Needs and Policy Approaches: Trends in Thirteen Countries

Housing Needs and Policy Approaches

Trends in Thirteen Countries

Willem Van Vliet , Elizabeth Huttman, and Sylvia Fava, eds.

Duke University Press, 1985

Drawing upon research from six continents, Housing Needs and Policy Approaches analyzes the social problems involved with providing housing in the industrialized nations and in the Third World. The book focuses on four areas of concern: current trends in housing in specific Western countries, the role of Western governments in creating this housing, housing provisions in less developed nations, and the relationship of societal structure and housing, particularly with respect to the decentralization of population occurring in many regions.
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cover of Housing and Mortgage Markets in Historical Perspective

Housing and Mortgage Markets in Historical Perspective

Edited by Eugene N. White, Kenneth Snowden, and Price V. Fishback

University of Chicago Press, 2014

The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability?

This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates.
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cover of Housing and the Financial Crisis

Housing and the Financial Crisis

Edited by Edward L. Glaeser and Todd Sinai

University of Chicago Press, 2013

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash.
           
Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.

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cover of How Economics Became a Mathematical Science

How Economics Became a Mathematical Science

E. Roy Weintraub

Duke University Press, 2002

In How Economics Became a Mathematical Science E. Roy Weintraub traces the history of economics through the prism of the history of mathematics in the twentieth century. As mathematics has evolved, so has the image of mathematics, explains Weintraub, such as ideas about the standards for accepting proof, the meaning of rigor, and the nature of the mathematical enterprise itself. He also shows how economics itself has been shaped by economists’ changing images of mathematics.
Whereas others have viewed economics as autonomous, Weintraub presents a different picture, one in which changes in mathematics—both within the body of knowledge that constitutes mathematics and in how it is thought of as a discipline and as a type of knowledge—have been intertwined with the evolution of economic thought. Weintraub begins his account with Cambridge University, the intellectual birthplace of modern economics, and examines specifically Alfred Marshall and the Mathematical Tripos examinations—tests in mathematics that were required of all who wished to study economics at Cambridge. He proceeds to interrogate the idea of a rigorous mathematical economics through the connections between particular mathematical economists and mathematicians in each of the decades of the first half of the twentieth century, and thus describes how the mathematical issues of formalism and axiomatization have shaped economics. Finally, How Economics Became a Mathematical Science reconstructs the career of the economist Sidney Weintraub, whose relationship to mathematics is viewed through his relationships with his mathematician brother, Hal, and his mathematician-economist son, the book’s author.
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cover of How Noise Matters to Finance

How Noise Matters to Finance

N. Adriana Knouf

University of Minnesota Press, 2016

As scores of crises over the past century have shown, the stock market is manipulable and manipulated. The market is composed of human-made machines, which are affected by a lack of predictability more fundamental than the human: the noise of the material world. N. Adriana Knouf draws on historical and contemporary documents to show how noise—sonic, informatic, or otherwise—affects the ways in which financial markets function. How Noise Matters to Finance draws on different forms of financial noise, paying attention to how materiality and the interference of humans and machines causes the meanings of noise to shift over space and time.

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

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cover of How Our Days Became Numbered: Risk and the Rise of the Statistical Individual

How Our Days Became Numbered

Risk and the Rise of the Statistical Individual

Dan Bouk

University of Chicago Press, 2015

Long before the age of "Big Data" or the rise of today's "self-quantifiers," American capitalism embraced "risk"--and proceeded to number our days. Life insurers led the way, developing numerical practices for measuring individuals and groups, predicting their fates, and intervening in their futures. Emanating from the gilded boardrooms of Lower Manhattan and making their way into drawing rooms and tenement apartments across the nation, these practices soon came to change the futures they purported to divine.

How Our Days Became Numbered tells a story of corporate culture remaking American culture--a story of intellectuals and professionals in and around insurance companies who reimagined Americans' lives through numbers and taught ordinary Americans to do the same. Making individuals statistical did not happen easily. Legislative battles raged over the propriety of discriminating by race or of smoothing away the effects of capitalism's fluctuations on individuals. Meanwhile, debates within companies set doctors against actuaries and agents, resulting in elaborate, secretive systems of surveillance and calculation.

Dan Bouk reveals how, in a little over half a century, insurers laid the groundwork for the much-quantified, risk-infused world that we live in today. To understand how the financial world shapes modern bodies, how risk assessments can perpetuate inequalities of race or sex, and how the quantification and claims of risk on each of us continue to grow, we must take seriously the history of those who view our lives as a series of probabilities to be managed.
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cover of How Policies Make Interest Groups: Governments, Unions, and American Education

How Policies Make Interest Groups

Governments, Unions, and American Education

Michael T. Hartney

University of Chicago Press, 2022

A critical, revelatory examination of teachers unions' rise and influence in American politics.

As most American labor organizations struggle for survival and relevance in the twenty-first century, teachers unions appear to be an exception. Despite being all but nonexistent until the 1960s, these unions are maintaining members, assets—and political influence. As the COVID-19 epidemic has illustrated, today’s teachers unions are something greater than mere labor organizations: they are primary influencers of American education policy. How Policies Make Interest Groups examines the rise of these unions to their current place of influence in American politics.  
 
Michael Hartney details how state and local governments adopted a new system of labor relations that subsidized—and in turn, strengthened—the power of teachers unions as interest groups in American politics. In doing so, governments created a force in American politics: an entrenched, subsidized machine for membership recruitment, political fundraising, and electoral mobilization efforts that have informed elections and policymaking ever since. Backed by original quantitative research from across the American educational landscape, Hartney shows how American education policymaking and labor relations have combined to create some of the very voter blocs to which it currently answers. How Policies Make Interest Groups is trenchant, essential reading for anyone seeking to understand why some voices in American politics mean more than others. 
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cover of How Reason Almost Lost Its Mind: The Strange Career of Cold War Rationality

How Reason Almost Lost Its Mind

The Strange Career of Cold War Rationality

Paul Erickson, Judy L. Klein, Lorraine Daston, Rebecca Lemov, Thomas Sturm, and Michael D. Gordin

University of Chicago Press, 2013

In the United States at the height of the Cold War, roughly between the end of World War II and the early 1980s, a new project of redefining rationality commanded the attention of sharp minds, powerful politicians, wealthy foundations, and top military brass. Its home was the human sciences—psychology, sociology, political science, and economics, among others—and its participants enlisted in an intellectual campaign to figure out what rationality should mean and how it could be deployed.
           
How Reason Almost Lost Its Mind brings to life the people—Herbert Simon, Oskar Morgenstern, Herman Kahn, Anatol Rapoport, Thomas Schelling, and many others—and places, including the RAND Corporation, the Center for Advanced Study in the Behavioral Sciences, the Cowles Commission for Research and Economics, and the Council on Foreign Relations, that played a key role in putting forth a “Cold War rationality.” Decision makers harnessed this picture of rationality—optimizing, formal, algorithmic, and mechanical—in their quest to understand phenomena as diverse as economic transactions, biological evolution, political elections, international relations, and military strategy. The authors chronicle and illuminate what it meant to be rational in the age of nuclear brinkmanship.
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cover of How Revolutions Happen

How Revolutions Happen

Konstantin Sonin

University of Chicago Press, 0

From the Russian intellectual-in-exile Konstantin Sonin, a grand theory of when and how rapid political change happens—or doesn’t.

In 2015, economist Konstantin Sonin solidified his status as an enemy of the Russian state when he published an article predicting that Vladimir Putin’s presidency would produce the country’s third revolution by the middle of this century. Forced to flee the country, Sonin settled in Chicago. In the decade that followed, the Russian government continued to pursue him—placing him on their state wanted list, tracking his movements, and sentencing him in absentia to eight years in prison. Sonin’s research and political advocacy continued unabated. So did his writing.

Now, Sonin has completed his masterpiece: a revelatory and sweeping investigation of a timeless question—what makes a revolution? How Revolutions Happen pinpoints why they arise, why they don’t, and where they’re likely to occur next. Tracing examples of successful and failed examples from history—in China, France, Haiti, Ukraine—Sonin shows that revolutions don’t grow out of mere popular unrest; they happen when states cease to evolve. This argument extends well beyond why nations fail, considering also why nations almost fail and why other nations fail repeatedly. Drawing on both empirical evidence and his firsthand experience, he also argues that although revolutions are an important part of human societies, they are not inherently good or bad—or quick to end.

Wry, sweeping, and erudite, How Revolutions Happen recasts everything we think about political change. From one of the world’s foremost political economists, this book is a momentous cumulation of knowledge that allows us to fully understand what a revolution is, why they occurred in the past—and how to measure where they might be coming.

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cover of How Would You Like to Pay?: How Technology Is Changing the Future of Money

How Would You Like to Pay?

How Technology Is Changing the Future of Money

Bill Maurer

Duke University Press, 2015

From Bitcoin to Apple Pay, big changes seem to be afoot in the world of money. Yet the use of coins and paper bills has persisted for 3,000 years. In How Would You Like to Pay?, leading anthropologist Bill Maurer narrates money's history, considers its role in everyday life, and discusses the implications of how new technologies are changing how we pay. These changes are especially important in the developing world, where people who lack access to banks are using cell phones in creative ways to send and save money. To truly understand money, Maurer explains, is to understand and appreciate the complex infrastructures and social relationships it relies on. Engaging and straightforward, How Would You Like to Pay? rethinks something so familiar and fundamental in new and exciting ways. Ultimately, considering how we would like to pay gives insights into determining how we would like to live. 
 
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cover of How the Dismal Science Got Its Name: Classical Economics and the Ur-Text of Racial Politics

How the Dismal Science Got Its Name

Classical Economics and the Ur-Text of Racial Politics

David M. Levy

University of Michigan Press, 2002

It is widely asserted that the Victorian sages attacked classical economics from a humanistic or egalitarian perspective, calling it "the dismal science," and that their attack is relevant to modern discussions of market society. David M. Levy here demonstrates that these assertions are simply false: political economy became "dismal" because Carlyle, Ruskin, and Dickens were horrified at the idea that systems of slavery were being replaced by systems in which individuals were allowed to choose their own paths in life. At a minimum, they argued, "we" white people ought to be directing the lives of "them," people of color.
Economists of the time argued, on the other hand, that people of color were to be protected by the rule of law--hence the moniker "the dismal science."
A startling image from 1893, which is reproduced in full color on this book's jacket, shows Ruskin killing someone who appears to be nonwhite. A close look reveals that the victim is reading "The Dismal Science."
Levy discusses this image at length and also includes in his text weblinks to Carlyle's "Occasional Discourse on the Negro Question" and to Mill's response, demonstrating that these are central documents in British classical economics. He explains Adam Smith's egalitarian foundations, contrasting Smith's approach to the hierarchical alternative proposed by Carlyle. Levy also examines various visual representations of this debate and provides an illuminating discussion of Smith's "katallactics," the science of exchange, comparing it with the foundations of modern neoclassical economics.
How the Dismal Science Got Its Name also introduces the notion of "rational choice scholarship" to explain how attacks on market economics from a context in which racial slavery was idealized have been interpreted as attacks on market economics from a humanistic or egalitarian context. Thus it will greatly appeal to economists, political scientists, philosophers, students of Victorian literature, and historians.
David M. Levy is Associate Professor of Economics and Research Associate, Center for Study of Public Choice, George Mason University.
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cover of How the Financial Crisis and Great Recession Affected Higher Education

How the Financial Crisis and Great Recession Affected Higher Education

Edited by Jeffrey R. Brown and Caroline M. Hoxby

University of Chicago Press, 2014

The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses, and on how the incentives and constraints facing different institutions affected their behavior. 
           
The studies in this volume explore how various practices at institutions of higher education, such as the drawdown of endowment resources, the awarding of financial aid, and spending on research, responded to the financial crisis. The studies examine universities as economic organizations that operate in a complex institutional and financial environment. The authors examine the role of endowments in university finances and the interaction of spending policies, asset allocation strategies, and investment opportunities. They demonstrate that universities’ behavior can be modeled using economic principles.
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cover of How the West Came to Rule: The Geopolitical Origins of Capitalism

How the West Came to Rule

The Geopolitical Origins of Capitalism

Alex Anievas and Kerem Nisancioglu

Pluto Press, 2015

***Winner, International Studies Association International Political Sociology Best Book Prize 2017***
***Winner, British International Studies Association International Political Economy Working Group Book Prize 2016***

 
Mainstream historical accounts of the development of capitalism describe a profess which is fundamentally European—a system that was born in the mills and factories of English and under the guillotines of the French Revolution. This groundbreaking book tells a very difference story.
 
How the West Came to Rule offers a unique interdisciplinary and international historical account of the origins of capitalism. It argues that, contrary to dominant wisdom, capitalism’s origins should not be understood as a development confined to the geographically and culturally sealed borders of Europe, but the outcome of a wider array of global processes in which non-European societies played a decisive role.
 
Here is a provocative, incisive explanation of how capitalism emerged in England and Europe through a dialectical intersocietal and geopolitical process. The authors’ aim to undermine a Eurocentric bias that has been prominent in the debate about capitalisms rise to supremacy, and their case is remarkably convincing. They provide a fundamental rethinking. Anievas and Nisancioglu contend that often cited assumptions are neither theoretically nor empirically tenable and deny the agency of non-Western societies to the emergence of capitalism. Topics covered include:
 
*The Problem of Eurocentrism
*The Problem of Historical Specificity
*The Brenner Thesis: Explanation and Critique
*The Geopolitical in the Making of Capitalism
*The Political Marxist Conception of Capitalism
*Rethinking the Origins of Capitalism
*And much more!
 
Through an outline of the uneven histories of Mongolian expansion, New World discoveries, Ottoman-Habsburg rivalry, the development of the colonies, and bourgeois revolutions, Alex Anievas and Kerem Nisancioglu offer an account of capitalism’s origins that convincingly argues against the prevailing Eurocentric narratives. It will change minds and open the eyes of historians, economists, and political thinkers.
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cover of How to Humble a Wingnut and Other Lessons from Behavioral Economics

How to Humble a Wingnut and Other Lessons from Behavioral Economics

Cass R. Sunstein

University of Chicago Press, 2013

In How to Humble a Wingnut, leading constitutional scholar, behavioral economist, and former Administrator of the White House Office of Information and Regulatory Affairs Cass R. Sunstein examines the unconventional impetuses behind human decision-making. Why it is that people often choose to behave so strangely? Sunstein’s incisive commentaries point to recent empirical findings to demonstrate how and why people convince themselves they are right despite evidence to the contrary; fear dangers they are unlikely to encounter; and ignore real risks. Mining developments in recent behavioral studies for tips on everything from holiday shopping and political biases to staying healthy and clear thinking in general, Sunstein nudges his reader towards that rarest of grounds—understanding.
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cover of How to Read Donald Duck: Imperialist Ideology in the Disney Comic

How to Read Donald Duck

Imperialist Ideology in the Disney Comic

Ariel Dorfman

Pluto Press, 2020

"The book has a rambunctious humor that complements its polemical spirit . . . As Disney has evolved from an animation studio into a corporate behemoth—with theme parks, a cruise line, and content streaming around the world—How to Read Donald Duck and its charge of cultural imperialism rings all the truer"—The New Yorker                       
 
First published in 1971, How to Read Donald Duck shocked readers by revealing how capitalist ideology operates in our most beloved cartoons. Having survived bonfires, impounding and being dumped into the ocean by the Chilean army, this controversial book is once again back on our shelves.
 
Written and published during the blossoming of Salvador Allende's revolutionary socialism in Chile, the book examines how Disney products reflect capitalist ideology, and are active agents working in this ideology’s favor. Focusing on the hapless mice and ducks of Disney, curiously parentless, marginalized and always short of cash, Ariel Dorfman and Armand Mattelart expose how these characters established hegemonic ideas about capital, race, gender and the relationship between developed countries and the Third World.
 
A devastating indictment of a media giant, a document of twentieth-century political upheaval, and a reminder of the dark undercurrent of pop culture, How to Read Donald Duck is once again available, together with a new introduction by Ariel Dorfman in which he writes.
 
"It is that joy in liberation, that alegria, that spirit of resistance, that I wish to share with America, as the book that Pinochet’s soldiers could not liquidate or Disney’s lawyers stop from entering the United States finally finds its way to its new home, deep into the land that invented Donald Duck and Donald Trump. Is the same country that gave me such a warm welcome as a child, and perhaps may now equally greet with open arms this critique of oppression and it certainty that we don’t have to leave the world as it was when we first encountered it."
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cover of How to Read Marx's Capital

How to Read Marx's Capital

Stephen Shapiro

Pluto Press, 2008

Das Capital Volume 1 is essential reading on many undergraduate courses, but the structure and style of the book can be confusing for students, leading them to abandon the text. This book is a clear guide to reading Marx's classic text, which explains the reasoning behind the book's structure and provides help with the more technical aspects that non-economists may find taxing.



Students are urged to think for themselves and engage with Marx's powerful methods of argument and explanation. Shapiro shows that Capital is key to understanding critical theory and cultural production.



This highly focused book will prove invaluable to students of politics, cultural studies, and literary theory.

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cover of How to Start a Farm Stop: A Pattern Language for Local Food Systems

How to Start a Farm Stop

A Pattern Language for Local Food Systems

Kathryn Barr

Michigan Publishing Services, 2023

Our current agricultural system favors large-scale, industrialized farms made to produce monocrops that are shipped all over the world. Consumers are sold on the idea that this system keeps food cheap and affordable, but it also means that middlemen take much of the profits while greenhouse gas emissions run high. The Argus Farm Stop in Ann Arbor, Michigan’s model provides economic and cultural benefits as well as enhanced resiliency for the farmers and communities they serve. This guidebook outlines the benefits and challenges of implementing this consignment-based business model. It highlights best practices, offers resources and technical assistance for the establishment of additional Farm Stops around the country, and prioritizes the development of regional, circular sustainable food systems that empower local farmers and enrich communities.
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cover of How to Think about Information

How to Think about Information

Dan Schiller

University of Illinois Press, 2006

It is common wisdom that the U.S. economy has adapted to losses in its manufacturing base because of the booming information sector, with high-paying jobs for everything from wireless networks to video games. We are told we live in the Information Age, in which communications networks and media and information services drive the larger economy. While the Information Age may have looked sunny in the beginning, as it has developed it looks increasingly ominous: its economy and benefits grow more and more centralized--and in the United States, it has become less and less subject to democratic oversight.

Corporations around the world have identified the value of information and are now seeking to control its production, transmission, and consumption. In How to Think about Information, Dan Schiller explores the ways information has been increasingly commodified as a result and how it both resembles and differs from other commodities. Through a linked series of theoretical, historical, and contemporary studies, Schiller reveals this commodification as both dynamic and expansionary, but also deeply conflicted and uncertain. He examines the transformative political and economic changes occurring throughout the informational realm and analyzes key dimensions of the process, including the buildup of new technological platforms, the growth of a transnationalizing culture industry, and the role played by China as it reinserts itself into an informationalized capitalism.

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cover of How to be Human*: *Though an Economist

How to be Human*

*Though an Economist

Deirdre N. McCloskey

University of Michigan Press, 2000

In this thoroughly engaging book Deirdre McCloskey puts the "dismal science" under the microscope. She offers advice to young economists, offering models from the old; and she lambastes the middle-aged who have allowed economics to become, as she puts it with characteristic verve, "a boys' game in a sandbox." McCloskey deploys her wit and style to serious purpose: to bring economics back to science.
Anyone can learn about the field of economics from How to Be Human. She can learn how economics works as a discipline and as a piece of sociology, who the heroes are and the villains, how a career in economics relates to matters of ethics and epistemology. She can learn what it is like to be a new woman in a boys' subject, a subject that avoids at all costs the word "love."
During the 1990s Deirdre McCloskey established herself as the main internal critic of the economic mainstream. Her quarterly columns in the Eastern Economic Journal, many of which are collected here, have become a handbook for reform. Trained in economics herself, she knows the normal science of the field from the inside: she has done it as a distinguished economic historian; and has watched it work from the faculties of Chicago (for twelve years) and Iowa (for nineteen), and now at the University of Illinois at Chicago.
Her criticism from the inside is that the two methods on which economics has depended since the 1940s--existence-theorem mathematics and significance-testing statistics--are nonsense. They have, she claims, nothing to do with economic science, and have massively diverted economists from finding out how the economy works.
McCloskey's book is written for anyone interested in economics, whether trained in it or not--anyone who cares about the economy but is not taken in by the boys' game.
Deirdre McCloskey is University Professor of the Human Sciences, University of Illinois at Chicago.
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cover of Human Capital for Humans: An Accessible Introduction to the Economic Science of People

Human Capital for Humans

An Accessible Introduction to the Economic Science of People

Pablo A. Peña

University of Chicago Press, 2025

An accessible introduction to the most consequential science of modern life.

University of Chicago economist Gary Becker won the Nobel Prize largely for his advancement of human capital theory—the idea that investing in a person’s knowledge and skills has a wide range of economic effects. Becker’s writing on the subject was technical, but his teaching, especially in his famous doctoral course at Chicago, remains legendary for its accessibility, brilliance, and applications to everyday life.

In Human Capital for Humans, economist and former Becker student Pablo A. Peña channels this classroom approach to produce an accessible, essential guide to understanding the science that has become synonymous with modern life and the economy. With an illustrative and immersive style, Peña unpacks the human capital approach to domains such as parenting, aging, marriage, health, and household labor. The result is not only intellectually elevated, but an essential introduction for learners and teachers of this subject across business, management, economics, policy, and beyond.
 
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cover of Human Capital for Humans: An Accessible Introduction to the Economic Science of People

Human Capital for Humans

An Accessible Introduction to the Economic Science of People

Pablo A. Peña

University of Chicago Press, 2025

This is an auto-narrated audiobook version of this book.

An everyday introduction to the most consequential science of modern life.


University of Chicago economist Gary Becker won the Nobel Prize largely for his advancement of human capital theory—the idea that investing in a person’s knowledge and skills has a wide range of economic effects. Becker’s writing on the subject was technical, but his teaching, especially in his famous doctoral course at Chicago, remains legendary for its accessibility, brilliance, and applications to everyday life.

In Human Capital for Humans, economist and former Becker student Pablo A. Peña channels this classroom approach to produce an accessible, essential guide to understanding the science that has become synonymous with modern life and the economy. With an illustrative and immersive style, Peña unpacks the human capital approach to domains such as parenting, aging, marriage, health, and household labor. The result is not only intellectually elevated, but an essential introduction for learners and teachers of this subject across business, management, economics, policy, and beyond.
 
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cover of Human Capital in History: The American Record

Human Capital in History

The American Record

Edited by Leah Platt Boustan, Carola Frydman, and Robert A. Margo

University of Chicago Press, 2014

America’s expansion to one of the richest nations in the world was partly due to a steady increase in labor productivity, which in turn depends upon the invention and deployment of new technologies and on investments in both human and physical capital. The accumulation of human capital—the knowledge and skill of workers—has featured prominently in American economic leadership over the past two centuries.
           
Human Capital in History brings together contributions from leading researchers in economic history, labor economics, the economics of education, and related fields. Building on Claudia Goldin’s landmark research on the labor history of the United States, the authors consider the roles of education and technology in contributing to American economic growth and well-being, the experience of women in the workforce, and how trends in marriage and family affected broader economic outcomes. The volume provides important new insights on the forces that affect the accumulation of human capital.
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cover of Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, 3rd Edition

Human Capital

A Theoretical and Empirical Analysis, with Special Reference to Education, 3rd Edition

Gary S. Becker

University of Chicago Press, 1993

WINNER OF THE NOBEL PRIZE!
 
Human Capital is Gary ecker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics.

This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings.
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cover of Human Resource Management for Sports and Recreation Programs

Human Resource Management for Sports and Recreation Programs

Richard Leonard

FiT Publishing, 2020

Human resource management is one of the most important components of business operations in any organization, and sport and recreation programs are no exception. This textbook provides the framework and principles necessary for undergraduate and graduate students to develop, implement, and maintain the human resource strategies and practices that are essential in managing a sport, recreation or athletics program, from community and youth centers, to intramural collegiate and professional sports.

Human Resource Management for Sport and Recreation Programs examines foundational concepts and the practical elements of human resource management, providing detailed insight, and a step by step look at overall program policies and plan development, program implementation and management, including personnel recruitment, onboarding and assessment techniques, planning and procedures for corrective action, as well as examining relevant legal, ethical, and safety considerations governing the employer—employee relationship. This text is essential in understanding how to successfully recruit, retain, reward, and maintain the most valuable resource of any organization: it’s people.

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cover of Human Resources and Higher Education: Staff Report on the Commission on Human Resources and Advanced Education

Human Resources and Higher Education

Staff Report on the Commission on Human Resources and Advanced Education

John K. Folger

Russell Sage Foundation, 1970

This volume is concerned with the question of how the United States educates and utilizes its intellectually gifted youth. It examines the manpower system from the point of view of supply and demand. It brings a deep understanding of the set of interrelated forces that determine the education and utilization of trained manpower.
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cover of Humanism Challenges Materialism in Economics and Economic History

Humanism Challenges Materialism in Economics and Economic History

Edited by Roderick Floud, Santhi Hejeebu, and David Mitch

University of Chicago Press, 2016

Most of the existing research on economic history relies either solely or ultimately on calculations of material interest to explain the major events of the modern world. However, care must be taken not to rely too heavily on materialism, with its associated confidence in perfectly rational actors that simply do not exist. What is needed for a more cogent understanding of the long history of capitalist growth is a more realistic, human-centered approach that can take account of the role of nonmaterial values and beliefs, an approach convincingly articulated by Deirdre McCloskey in her landmark trilogy of books on the moral and ethical basis of modern economic life.

With Humanism Challenges Materialism in Economics and Economic History, Roderick Floud, Santhi Hejeebu, and David Mitch have brought together a distinguished group of scholars in economics, economic history, political science, philosophy, gender studies, and communications who synthesize and build on McCloskey’s work. The essays in this volume illustrate the ways in which the humanistic approach to economics that McCloskey pioneered can open up new vistas for the study of economic history and cultivate rich synergies with a wide range of disciplines. The contributors show how values and beliefs become embedded in the language of economics and shape economic outcomes. Chapters on methodology are accompanied by case studies discussing particular episodes in economic history.
 
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cover of Hustles for Humanists: Build a Business with Purpose

Hustles for Humanists

Build a Business with Purpose

Erica Machulak

Rutgers University Press, 2025

As a humanities professional, your skills are in demand. Despite the challenges of a competitive job market, the unique skill set that you possess is highly transferable to various industries and roles. Knowing how to position your creativity, knowledge and empathy is vital for achieving meaningful employment and professional growth.
 
Hustles for Humanists provides a detailed roadmap for humanities professionals who want to leverage their valuable skills to find or create meaningful work. Drawing from her experiences as an academic turned entrepreneur, Erica Machulak gives practical advice on how to connect with your core values, market yourself, build relationships with clients, and negotiate fair compensation.
 
This is an essential field guide for finding work that aligns with the core values of your humanities scholarship and practice. It demonstrates how the professional strengths of the humanities can be drawn upon to create fairer, more just and equitable entrepreneurial approaches – whether you’re launching a business, job hunting, or looking for inspiration. Hustles for Humanists helps you unlock the value of your humanities practice and explore exciting new pathways to achieving economic stability both within and beyond academia.

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