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MIT and the Transformation of American Economics seeks to remedy the historians’ neglect of the influential and luminary economics department at the Massachusetts Institute of Technology. The department, bolstered by an influx of innovative young scholars, was one of the most distinguished research economics departments in North America by the late 1950s. In another decade it would become the most highly regarded economics department in the world. This volume documents the history of this process and the ways in which MIT’s rise to prominence coincided with the remarkable transformation of American economics in the postwar period. Many developments influenced this history: the Keynesian revolution, the emergent technical nature of economics, the Cold War, the international hold of American economics, the GI Bill, and MIT’s openness to Jewish economists.

Agricultural protectionism is a basic factor underlying the U.S. trade deficit, Third World debt, and global underemployment. Yet despite the seriousness of the problem and attention given to it by many researchers, little progress has been made in formulating and implementing policies to deal with it.
The scholars and experts here assembled present for the first time a quantification and analysis of the impact upon the world economy of reduction or elimination of agricultural protectionism. They question why, give the magnitude of the problem, inferior policies endure despite the weight of evidence that they have failed. The answer they derive is that there is no general understanding of the true cost of the failure, and therefore it is necessary to initiate reform from outside agricultural circles.

This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries.

These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.

Macroeconomics is fundamental to our understanding of how the world functions today. But too often our understanding is based on orthodox, canonized analysis. In this rule-breaking book, Ben Fine and Ourania Dimakou provides an engaging, heterodox primer for those interested in an alternative to mainstream macroeconomic theory and history. From classical theory to the Keynesian revolution and more modern forms including the Monetarist counterrevolution, New Classical Fundamentalism, and New Consensus Macroeconomics, Fine and Dimakou rigorously and comprehensively lay out the theories of mainstream economists, warts and all.

"Miller and Upton is by far the most cited macroeconomics text in front line academic research journals over the last ten years. It has become a contemporary classic."—Roger C. Kormendi, University of Michigan

"The most innovative approach to introducing macroeconomics that I have seen. . . . A 'classic' in the sense that every serious student of macroeconomics is likely to want it in his or her library."—John P. Gould, University of Chicago

"The task the authors set out to perform is ambitious: to write a macroeconomics textbook structured around a neoclassical growth model. And in this task they have succeeded."—Clifford W. Smith, Jr., Journal of Finance

"This is a superb book. As a vehicle for teaching economics I have to place it right behind Henderson and Quant (Microeconomics) and Dorfman, Samuelson, and Solow (Linear Programming). Moreover, it is an exciting book both to read and to think about. . . . It is not just that these authors have something to say, but their way of saying it is generally superior."—F. E. Banks, Kyklos

As China has evolved into an industrial powerhouse over the past two decades, a new class of workers has developed: the dagongmei, or working girls. The dagongmei are women in their late teens and early twenties who move from rural areas to urban centers to work in factories. Because of state laws dictating that those born in the countryside cannot permanently leave their villages, and familial pressure for young women to marry by their late twenties, the dagongmei are transient labor. They undertake physically exhausting work in urban factories for an average of four or five years before returning home. The young women are not coerced to work in the factories; they know about the twelve-hour shifts and the hardships of industrial labor. Yet they are still eager to leave home. Made in China is a compelling look at the lives of these women, workers caught between the competing demands of global capitalism, the socialist state, and the patriarchal family.

Pun Ngai conducted ethnographic work at an electronics factory in southern China’s Guangdong province, in the Shenzhen special economic zone where foreign-owned factories are proliferating. For eight months she slept in the employee dormitories and worked on the shop floor alongside the women whose lives she chronicles. Pun illuminates the workers’ perspectives and experiences, describing the lure of consumer desire and especially the minutiae of factory life. She looks at acts of resistance and transgression in the workplace, positing that the chronic pains—such as backaches and headaches—that many of the women experience are as indicative of resistance to oppressive working conditions as they are of defeat. Pun suggests that a silent social revolution is underway in China and that these young migrant workers are its agents.

What does it mean to turn the public library or museum into a civic forum? Made in Newark describes a turbulent industrial city at the dawn of the twentieth century and the ways it inspired the library's outspoken director, John Cotton Dana, to collaborate with industrialists, social workers, educators, and New Women.

This is the story of experimental exhibitions in the library and the founding of the Newark Museum Associationùa project in which cultural literacy was intertwined with civics and consumption. Local artisans demonstrated crafts, connecting the cultural institution to the department store, school, and factory, all of which invoked the ideal of municipal patriotism. Today, as cultural institutions reappraise their relevance, Made in Newark explores precedents for contemporary debates over the ways the library and museum engage communities, define heritage in a multicultural era, and add value to the economy.

In this collection of compelling and practical essays, Emmy Award–winning broadcaster, newspaper columnist, and motivational speaker Steve Adubato shares concrete tips and tools that will help you connect more effectively at work, at home, under pressure, in leadership roles, and in high-tech environments. From avoiding unnecessary arguments with your spouse to coaching a valuable, yet difficult employee, Adubato’s essays delve into the key factors that motivate people to act and respond the way that they do.

You will find answers to some of the most common questions about public speaking as well as advice on overcoming its anxieties. Whether the forum is a PTA meeting or a large professional function, essays explore topics such as:

• Why even practiced speakers sometimes experience stage fright
• How to keep your audience awake and  interested in what you are saying

 You will learn essential skills for interacting in the workplace, including:

• How to negotiate a good deal and still be honest and straight
• How to keep team projects from falling apart
• How to conduct yourself in confrontational situations, such as receiving a public insult

Drawing on examples set by public figures, including Bill Clinton, Rudy Giuliani, Mario Cuomo, Martha Stewart, Jack Welch, Joe Torre, and many others, Adubato addresses the unique communication challenges that those in leadership positions face. Essays examine:

·         What ordinary people can learn from leaders in high-profile positions

·         Why so many leaders have difficulty taking responsibility and apologizing for their actions

As technology continues to provide opportunities for quicker and more visual communication, Adubato also lets you know when hi-tech bells and whistles get in the way of making a more personal and human connection. For instance, 

·         Why do we hide behind e-mail messages when we have something very difficult to say?

·         How does communication deteriorate when cell phones and e-mail are competing for our attention?

Finally, Adubato reminds us that communicating at home is no less important or any less difficult than communicating in public or at work. From contemporary challenges to age-old questions, essays explore:

·         How you can more effectively talk with your kids about war and terrorism

·         What forms of persuasion are more effective than nagging

Filled with timely examples and practical suggestions, Make the Connection is a must-read for everyone looking to improve their professional and personal relationships.

In this groundbreaking study, Oliver Zunz examines how the growth of corporations changed

The United States spends billions of dollars annually on social and economic policies aimed at improving the lives of its citizens, but the health consequences associated with these policies are rarely considered. In Making Americans Healthier, a group of multidisciplinary experts shows how social and economic policies seemingly unrelated to medical well-being have dramatic consequences for the health of the American people. Most previous research concerning problems with health and healthcare in the United States has focused narrowly on issues of medical care and insurance coverage, but Making Americans Healthier demonstrates the important health consequences that policymakers overlook in traditional cost-benefit evaluations of social policy. The contributors examine six critical policy areas: civil rights, education, income support, employment, welfare, and neighborhood and housing. Among the important findings in this book, David Cutler and Adriana Lleras-Muney document the robust relationship between educational attainment and health, and estimate that the health benefits of education may exceed even the well-documented financial returns of education. Pamela Herd, James House, and Robert Schoeni discover notable health benefits associated with the Supplemental Security Income Program, which provides financial support for elderly and disabled Americans. George Kaplan, Nalini Ranjit, and Sarah Burgard document a large and unanticipated improvement in the health of African-American women following the enactment of civil rights legislation in the 1960s. Making Americans Healthier presents ground-breaking evidence that the health impact of many social policies is substantial. The important findings in this book pave the way for promising new avenues for intervention and convincingly demonstrate that ultimately social and economic policy is health policy. A Volume in the National Poverty Center Series on Poverty and Public Policy

Low-skilled women in the 1990s took widely different paths in trying to support their children. Some held good jobs with growth potential, some cycled in and out of low-paying jobs, some worked part time, and others stayed out of the labor force entirely. Scholars have closely analyzed the economic consequences of these varied trajectories, but little research has focused on the consequences of a mother's career path on her children's development. Making It Work, edited by Hirokazu Yoshikawa, Thomas Weisner, and Edward Lowe, looks past the economic statistics to illustrate how different employment trajectories affect the social and emotional lives of poor women and their children. Making It Work examines Milwaukee's New Hope program, an experiment testing the effectiveness of an anti-poverty initiative that provided health and child care subsidies, wage supplements, and other services to full-time low-wage workers. Employing parent surveys, teacher reports, child assessment measures, ethnographic studies, and state administrative records, Making It Work provides a detailed picture of how a mother's work trajectory affects her, her family, and her children's school performance, social behavior, and expectations for the future. Rashmita Mistry and Edward D. Lowe find that increases in a mother's income were linked to higher school performance in her children. Without large financial worries, mothers gained extra confidence in their ability to parent, which translated into better test scores and higher teacher appraisals for their children. JoAnn Hsueh finds that the children of women with erratic work schedules and non-standard hours—conditions endemic to the low-skilled labor market—exhibited higher levels of anxiety and depression. Conversely, Noemi Enchautegui-de-Jesus, Hirokazu Yoshikawa, and Vonnie McLoyd discover that better job quality predicted lower levels of acting-out and withdrawal among children. Perhaps most surprisingly, Anna Gassman-Pines, Hirokazu Yoshikawa, and Sandra Nay note that as wages for these workers rose, so did their marriage rates, suggesting that those worried about family values should also be concerned with alleviating poverty in America. It is too simplistic to say that parental work is either "good" or "bad" for children. Making It Work gives a nuanced view of how job quality, flexibility, and wages are of the utmost importance for the well-being of low-income parents and children.

When it comes to local food, it takes more than “knowing your farmer.” Brandi Janssen takes on some of the myths about how the local food system works and what it needs to thrive. Advocates claim that small biodiverse farms will fundamentally change farming, rural communities, and the American diet. For many, simply by knowing our farmers we become champions of a new way of eating that revolutionizes our economy and society. But that argument ignores the fact that if local food is to succeed, it requires many of the trappings of conventional food production, including processors, middle men, inspectors, and regulators.

By listening to and working alongside people trying to build a local food system in Iowa, Janssen uncovers the complex realities of making it work. Although the state is better known for its vast fields of conventionally grown corn and soybeans, it has long boasted a robust network of small, diverse farms, community supported agriculture enterprises, and farmers’ markets. As she picks tomatoes, processes wheatgrass, and joins a parents’ committee trying to buy local lettuce for a school lunch, Janssen asks how small farmers and CSA owners deal with farmers’ market regulations, neighbors who spray pesticides on crops or lawns, and sanitary regulations on meat processing and milk production. How can they meet the needs of large buyers like school districts? Who does the hard work of planting, weeding, harvesting, and processing? Is local food production benefitting rural communities as much as advocates claim?

In answering these questions, Janssen displays the pragmatism and level-headedness one would expect of the heartland, much like the farmers and processors profiled here. It’s doable, she states, but we’re going to have to do more than shop at our local farmers’ market to make it happen. This book is an ideal introduction to what local food means today and what it might be tomorrow.
 

Drawing on economics, sociology, geography, and psychology, Galster delivers a clear-sighted explanation of what neighborhoods are, how they come to be—and what they should be.

Urban theorists have tried for decades to define exactly what a neighborhood is. But behind that daunting existential question lies a much murkier problem: never mind how you define them—how do you make neighborhoods productive and fair for their residents? In Making Our Neighborhoods, Making Our Selves, George C. Galster delves deep into the question of whether American neighborhoods are as efficient and equitable as they could be—socially, financially, and emotionally—and, if not, what we can do to change that. Galster aims to redefine the relationship between places and people, promoting specific policies that reduce inequalities in housing markets and beyond.

The Social Security Act of 1935 must be counted among the most monumental pieces of legislation ever passed by Congress. Today, sixty-five years after its enactment, public support for Social Security remains extremely strong. At the same time, there have been reports that Social Security is in grave danger of financial collapse, and numerous groups across the political spectrum have agitated for its reform. The president has put forward proposals to rescue Social Security, conservatives argue for its privatization, and liberals advocate increases in its funding from surplus tax revenues.

But what is the average person to make of all this? How many Americans know where the money for Social Security benefits really comes from, or who wins and loses from the system's overall operations? Few people understand the current Social Security system in even its broadest outlines. And yet Social Security reform is ranked among the most important social issues of our time.

With Making Sense of Social Security Reform, Daniel Shaviro makes an important contribution to the public understanding of the issues involved in reforming Social Security. His book clearly and straightforwardly describes the current system and the pressures that have been brought to bear upon it, before dissecting and evaluating the various reform proposals. Accessible to anyone who has an interest in the issue, Shaviro's new work is unique in offering a balanced, nonpartisan account.

Since its inception under President Ford in 1975, the Earned Income Tax Credit (EITC) has become the largest antipoverty program for the non-elderly in the United States. In 1998, more than nineteen million families received EITC payments, and the program lifted over four million Americans above the poverty line. Despite the rapid growth of the EITC throughout the 1990s, little has been written about how the program works or how it affects low-income families. Making Work Pay provides the first full-scale examination of the EITC, exploring its effects on income distribution, poverty, work, and marriage. Making Work Pay opens with a history of the EITC—its emergence in the 1970s as a pro-work, low-cost antipoverty program and its expansion through the 1980s and 1990s. The central chapters in the volume look at the substantial impact of the EITC on work incentives in recent years and show that the program, in combination with welfare reform and a strong economy, has led to an unprecedented increase in the employment of single mothers. In one study, researchers conclude that the EITC—with its stipulation that one family member be a wage earner—was the most important change in work incentives for single mothers between 1984 and 1996, a period when the employment rate of single mothers rose sharply. Several chapters outline proposals for reforming the program, addressing the concerns by policymakers about the work disincentives that rise as benefits fall with increasing income. Finally, Making Work Pay examines how EITC recipients view the credit and what they do with it once they get it. The contributors find that not only does EITC's lump-sum payment increase consumption but it also allows recipients to make changes in economic status. Many families use the end-of-the-year payment as a form of forced savings, enabling them to save for home improvement, a new car, or other purchases to improve their lives, and providing the extra economic cushion needed to move beyond mere day-to-day survival. Comprehensive in scope, Making Work Pay is an indispensable resource for policymakers, administrators, and researchers seeking to understand the ramifications of the country's largest programs for aiding the working poor.

Work first. That is the core idea behind the 1996 welfare reform legislation. It sounds appealing, but according to Making the Work-Based Safety Net Work Better, it collides with an exceptionally difficult reality. The degree to which work provides a way out of poverty depends greatly on the ability of low-skilled people to maintain stable employment and make progress toward an income that provides an adequate standard of living. This forward-looking volume examines eight areas of the safety net where families are falling through and describes how current policies and institutions could evolve to enhance the self-sufficiency of low-income families. David Neumark analyzes a range of labor market policies and finds overwhelming evidence that the minimum wage is ineffective in promoting self-sufficiency. Neumark suggests the Earned Income Tax Credit is a much more promising policy to boost employment among single mothers and family incomes. Greg Duncan, Lisa Gennetian, and Pamela Morris find no evidence that encouraging parents to work leads to better parenting, improved psychological health, or more positive role models for children. Instead, the connection between parental work and child achievement is linked to parents' improved access to quality child care. Rebecca Blank and Brian Kovak document an alarming increase in the number of single mothers who receive neither wages nor public assistance and who are significantly more likely to suffer from medical problems of their own or of a child. Time caps and work hour requirements embedded in benefits policies leave some mothers unable to work and ineligible for cash benefits. Marcia Meyers and Janet Gornick identify another gap: low-income families tend to lose financial support and health coverage long before they earn enough to access employer-based benefits and tax provisions. They propose building "institutional bridges" that minimize discontinuities associated with changes in employment, earnings, or family structure. Steven Raphael addresses a particularly troubling weakness of the work-based safety net—its inadequate provision for the large number of individuals who are or were incarcerated in the United States. He offers tractable suggestions for policy changes that could ease their transition back into non-institutionalized society and the labor market. Making the Work-Based Safety Net Work Better shows that the "work first" approach alone isn't working and suggests specific ways the social welfare system might be modified to produce greater gains for vulnerable families.

The financial crisis of 1997 and 1998 shook the rising economies of Asia. Different nations responded in different ways to the crisis, and Malaysia’s response in particular was criticized by the global financial community as a bail-out of politically influential corporate interests. Yet the Malaysian economy recovered strongly in the next few years, leading Malaysian leaders to argue that their policies were responsible. This book sets the record straight, refuting both positions and presenting a fresh perspective on the crisis and its aftermath. Offering clear and concise arguments, it sheds new light on the Asian crisis and policy responses, with an emphasis on capital controls and corporate, bank, and debt restructuring exercises.

Every year, American universities publish glowing reports stating their commitment to diversity, often showing statistics of female hires as proof of success. Yet, although women make up increasing numbers of graduate students, graduate degree recipients, and even new hires, academic life remains overwhelming a man's world. The reality that the statistics fail to highlight is that the presence of women, specifically those with children, in the ranks of tenured faculty has not increased in a generation. Further, those women who do achieve tenure track placement tend to report slow advancement, income disparity, and lack of job satisfaction compared to their male colleagues.

Amid these disadvantages, what is a Mama, PhD to do? This literary anthology brings together a selection of deeply felt personal narratives by smart, interesting women who explore the continued inequality of the sexes in higher education and suggest changes that could make universities more family-friendly workplaces.

The contributors hail from a wide array of disciplines and bring with them a variety of perspectives, including those of single and adoptive parents. They address topics that range from the level of policy to practical day-to-day concerns, including caring for a child with special needs, breastfeeding on campus, negotiating viable maternity and family leave policies, job-sharing and telecommuting options, and fitting into desk/chair combinations while eight months pregnant.

Candid, provocative, and sometimes with a wry sense of humor, the thirty-five essays in this anthology speak to and offer support for any woman attempting to combine work and family, as well as anyone who is interested in improving the university's ability to live up to its reputation to be among the most progressive of American institutions.

Marxist analysis has traditionally been built on a two-class framework: workers and capitalists. With Managerial Capitalism, Gerard Duménil and Dominique Lévy mount a powerful argument that such a framework is outdated—we are in fact amid a transition to a new mode of production, one that is fundamentally shaped by a third, intermediary class: managerialism.
            Drawing examples from the United States and Europe, the authors offer a historically rooted interpretation of major current economic and political trends. Without eschewing Marx’s theory of history and political economy, they update it to take account of the changes underway in class patterns and relationships to production. The result is a robust new Marxism for the present and the future.

The overall structure of this edition is the same as in the past. The book moves from the smaller to the larger. We start with the individual as the focal unit, move to two-person relationships, and onward to issues of leadership, power, small groups, and whole organizations.This edition focuses more than ever on the managing process—on whole organizations and on managing relationships with other organizations. To underline that emphasis, we have included a new section called 'The Manager's Job.' That section deals with what managers do, how they do it, why they do it, and how they should do it.

In Managing "Modernity," Rudra Sil examines how institution-builders respond to the competing influences of institutional models and inherited social legacies as they attempt to generate and sustain authority in late-industrializing societies. Through a historical and comparative study of large-scale enterprises in Japan and Russia, the book examines the impact of different institution-building strategies on managerial authority, invoking the experience of postwar Japan to highlight the benefits of a syncretic approach that selectively integrates adaptable features of borrowed institutions with portable norms inherited from preexisting communities.
Managing "Modernity" engages a variety of intellectual perspectives in the social sciences. The theoretical approach represents a conscious effort to overcome the contentious debates in political science and sociology among proponents of historical institutionalism, cultural analysis, and rational-choice theory. The substantive argument draws on, and partially integrates, concepts and findings from comparative politics, economic sociology, industrial relations, organization theory, business management, and the political economy of Japan and Russia.
In light of ongoing debates over the significance and impact of "globalization," the eclectic and integrative approach in Managing "Modernity" offers a fresh and provocative contribution that will interest scholars and graduate students across a variety of disciplines and subfields. It offers compelling insights to anyone generally concerned with the social forces that facilitate or hinder the diffusion of ideas and institutions across national boundaries.
Rudra Sil is Janice and Julian Bers Assistant Professor in the Social Sciences, Department of Political Science, University of Pennsylvania.

The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises.

The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society.

Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.

Managing Diversity in Organizations focuses on a key issue that organizations are facing—diversity. It is here, and it is growing. The only question now is how well we deal with diversity, especially in organizational contexts.

Golembiewski identifies the many forces and factors propelling us into the age of diversity in organizations—ethical, political, philosophic, demographic, and so on—and details the historical and contemporary approaches. Most practice has focused on a "level playing field" or equal opportunity and "tilting the playing field" or equal outcomes. This volume focuses on diversity as a strategic device rather than as a nicety rooted in behavioral and organizational research. Managing diversity successfully in organizations requires a thorough understanding of management infrastructure that is consistent with diversity--especially structures of work, policies, and procedures that institutionalize and build diversity.

 

Since the 1930s, industrial sociologists have tried to answer the question, Why do workers not work harder? Michael Burawoy spent ten months as a machine operator in a Chicago factory trying to answer different but equally important questions: Why do workers work as hard as they do? Why do workers routinely consent to their own exploitation?

Manufacturing Consent, the result of Burawoy's research, combines rich ethnographical description with an original Marxist theory of the capitalist labor process. Manufacturing Consent is unique among studies of this kind because Burawoy has been able to analyze his own experiences in relation to those of Donald Roy, who studied the same factory thirty years earlier. Burawoy traces the technical, political, and ideological changes in factory life to the transformations of the market relations of the plant (it is now part of a multinational corporation) and to broader movements, since World War II, in industrial relations.

The Untold Story of the Industrial Revolution and the American Victory in the War for Independence
Benjamin Franklin was serious when he suggested the colonists arm themselves with the longbow. The American colonies were not logistically prepared for the revolution and this became painfully obvious in war’s first years. Trade networks were destroyed, inflation undermined the economy, and American artisans could not produce or repair enough weapons to keep the Continental Army in the field. The Continental Congress responded to this crisis by mobilizing the nation’s manufacturing sector for war. With information obtained from Europe through both commercial exchange and French military networks, Congress became familiar with the latest manufacturing techniques and processes of the nascent European industrial revolution. They therefore initiated an innovative program of munitions manufacturing under the Department of the Commissary General of Military Stores. The department gathered craftsmen and workers into three national arsenals where they were trained for the large-scale production of weapons. The department also engaged private manufacturers, providing them with materials and worker training, and instituting a program of inspecting their finished products.
As historian Robert F. Smith relates in Manufacturing Independence: Industrial Innovation in the American Revolution, the colonies were able to provide their military with the arms it needed to fight, survive, and outlast the enemy—supplying weapons for the victory at Saratoga, rearming their armies in the South on three different occasions, and providing munitions to sustain the siege at Yorktown. But this manufacturing system not only successfully supported the Continental Army, it also demonstrated new production ideas to the nation. Through this system, the government went on to promote domestic manufacturing after the war, becoming a model for how the nation could produce goods for its own needs. The War for Independence was not just a political revolution, it was an integral part of the Industrial Revolution in America.

Corporate accountability is never far from the front page, and as one of the world’s most elite business schools, Harvard Business School trains many of the future leaders of Fortune 500 companies.  But how does HBS formally and informally ensure faculty and students embrace proper business standards? Relying on his first-hand experience as a Harvard Business School faculty member, Michel Anteby takes readers inside HBS in order to draw vivid parallels between the socialization of faculty and of students.

 In an era when many organizations are focused on principles of responsibility, Harvard Business School has long tried to promote better business standards. Anteby’s rich account reveals the surprising role of silence and ambiguity in HBS’s process of codifying morals and business values. As Anteby describes, at HBS specifics are often left unspoken; for example, teaching notes given to faculty provide much guidance on how to teach but are largely silent on what to teach. Manufacturing Morals demonstrates how faculty and students are exposed to a system that operates on open-ended directives that require significant decision-making on the part of those involved, with little overt guidance from the hierarchy. Anteby suggests that this model—which tolerates moral complexity—is perhaps one of the few that can adapt and endure over time.

Manufacturing Morals is a perceptive must-read for anyone looking for insight into the moral decision-making of today’s business leaders and those influenced by and working for them.

In America, almost all the money in circulation passes through financial institutions every day. But in Nigeria's "cash and carry" system, 90 percent of the currency never comes back to a bank after it's issued. What happens when two such radically different economies meet and mingle, as they have for centuries in Atlantic Africa?

The answer is a rich diversity of economic practices responsive to both local and global circumstances. In Marginal Gains, Jane I. Guyer explores and explains these often bewildering practices, including trade with coastal capitalism and across indigenous currency zones, and within the modern popular economy. Drawing on a wide range of evidence, Guyer demonstrates that the region shares a coherent, if loosely knit, commercial culture. She shows how that culture actually works in daily practice, addressing both its differing scales of value and the many settings in which it operates, from crisis conditions to ordinary household budgets. The result is a landmark study that reveals not just how popular economic systems work in Africa, but possibly elsewhere in the Third World.

Marginalizing Colonialism offers a social, political, and spatial history of Bolgatanga, a northern Ghanaian town whose colonial-era urban development has been largely overlooked in African historiography. Covering the late nineteenth century through the 1940s, the book traces how this settlement—long characterized as a remote hinterland of the British Empire—emerged as a commercial and political center in the region. Rather than depicting urbanization as an imperial project, it reveals how African actors actively shaped Bolgatanga’s growth and repeatedly marginalized, redirected, and evaded colonial authority.

The narrative follows Bolgatanga’s transformation from a dispersed settlement organized around kinship, ritual geographies, and earth shrines into a dynamic urban hub integrated into regional trade networks. Central to this shift were new land tenure systems, commercial expansion, and changing spatial practices. By the 1930s and 1940s, trade in kola, groundnuts, livestock, and other goods surged, stimulated by new roads and increased mobility. Population growth converted farmland into leased plots, permanent buildings replaced older compounds, and areas around the market became focal points of economic and social life.

These changes were driven not by the colonial state but rather by local negotiations and strategic adaptations. Chiefs, earth priests, merchants, and migrant traders mediated and reshaped colonial policies, while missionaries and settlers concluded land agreements beyond official oversight. Roads and marketplaces, planned through negotiations between colonial officials and local chiefs and built largely through African labor, became central infrastructures of local economic life. Even as colonial administrators sought to codify land tenure and regulate commerce, their influence remained largely nominal—a background presence in a story propelled by African initiative.

Drawing on archival documents, oral histories, and unpublished manuscripts by local intellectuals, Marginalizing Colonialism provides the first comprehensive urban history of Bolgatanga. It challenges dominant narratives in African colonial and urban historiography by exposing the silences of the colonial archive and highlighting the significance of medium-sized towns as arenas of negotiation and creativity. Ultimately, the book argues that Bolgatanga’s urbanization was a locally driven process that redefined power, space, and governance—leaving a legacy that continues to shape the city’s identity and regional role today.