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I’m a professor of modern U.S. History and have written books explaining the political and cultural power of corporations, lobbyists, and business people in American life. To me, thesignal event of recent history was when the rapid economic growth that followed WWII ended in the 1970s. From globalization and deindustrialization to the rise of authoritarianism under the guise of populism, from systemic racism and the rise of the carceral state to the proliferation of bad jobs and the gig economy—the effects of that historic change shape every aspect of modern life. But this topic can sometimes seem a little dry, so I’m always looking for books that help make sense of it.
This book is a wonderful example of how an author can explain but not judge the complexities and contradictions of our modern economy. Chatelain explains the role fast food franchising, and McDonald’s in particular, has played in African American economic and social life since the 1960s. What I found so striking about this was the honest ambivalence: McDonald’s sells unhealthy foods that contribute to obesity and other health problems, and it pays generally exploitative wages; but at the same time, owning a McDonald’s franchise can be a way for African American entrepreneurs to thrive and build both wealth and political power in their communities.
Just as The Color of Law provided a vital understanding of redlining and racial segregation, Marcia Chatelain's Franchise investigates the complex interrelationship between black communities and America's largest, most popular fast food chain. Taking us from the first McDonald's drive-in in San Bernardino to the franchise on Florissant Avenue in Ferguson, Missouri, in the summer of 2014, Chatelain shows how fast food is a source of both power-economic and political-and despair for African Americans. As she contends, fast food is, more than ever before, a key battlefield in the fight for racial justice.
I’m a professor of modern U.S. History and have written books explaining the political and cultural power of corporations, lobbyists, and business people in American life. To me, thesignal event of recent history was when the rapid economic growth that followed WWII ended in the 1970s. From globalization and deindustrialization to the rise of authoritarianism under the guise of populism, from systemic racism and the rise of the carceral state to the proliferation of bad jobs and the gig economy—the effects of that historic change shape every aspect of modern life. But this topic can sometimes seem a little dry, so I’m always looking for books that help make sense of it.
Levinson is a rare thing among economists: he is willing to admit what we don’t understand.
This book argues that global productivity declined in the 1970s compared to the 30 years after World War II, and no one knows why. It seems that, under capitalism, economic growth is normally just very slow, and the fast postwar growth was the aberration. But what really matters is how political leaders responded, making a series of bad decisions to try to appease people’s over-inflated expectations of growth. And this happened all over the world, from the U.S. to Germany to Japan to Latin America. This is the book that let me understand every aspect of modern life in the last 50 years—from stagnant wages to the roller-coaster casino economy to political dysfunction to gig companies.
A Washington Post and Strategy+Business Book of the Year.
Stagnant wages. Feeble growth figures. An angry, disillusioned public. The early 1970s witnessed the arrival of the problems that define the twenty-first century.
In An Extraordinary Time, Marc Levinson investigates how the oil crisis of the 1970s marked a radical turning point in global economics: and paved the way for the political and financial troubles of the present. Tracing the remarkable transformation of the global economy in the years after World War II, Levinson explores how decades of spectacular economic growth ended almost overnight - giving way to an era of…
I’m a professor of modern U.S. History and have written books explaining the political and cultural power of corporations, lobbyists, and business people in American life. To me, thesignal event of recent history was when the rapid economic growth that followed WWII ended in the 1970s. From globalization and deindustrialization to the rise of authoritarianism under the guise of populism, from systemic racism and the rise of the carceral state to the proliferation of bad jobs and the gig economy—the effects of that historic change shape every aspect of modern life. But this topic can sometimes seem a little dry, so I’m always looking for books that help make sense of it.
This book is the most readable treatment I’ve encountered of a very complicated and theoretical set of ideas about how corporations have changed—not only in their legal structure but as social creatures—in the last century. Lemann makes the difficult theories of thinkers like Adolf Berle, John Kenneth Galbraith, Milton Friedman, and Michael Jensen easy to understand and fun to read about. And in the process, he explains how corporations lost their “souls”—how we reached a point where companies are finance-obsessed, detached from their communities, and fixated on short-term profits and not long-term stability.
"A splendid and beautifully written illustration of the tremendous importance public policy has for the daily lives of ordinary people." —Ryan Cooper, Washington Monthly
Over the last generation, the United States has undergone seismic changes. Stable institutions have given way to frictionless transactions, which are celebrated no matter what collateral damage they generate. The concentration of great wealth has coincided with the fraying of social ties and the rise of inequality. How did all this come about?
In Transaction Man, Nicholas Lemann explains the United States’—and the world’s—great transformation by examining three remarkable…
I’m a professor of modern U.S. History and have written books explaining the political and cultural power of corporations, lobbyists, and business people in American life. To me, thesignal event of recent history was when the rapid economic growth that followed WWII ended in the 1970s. From globalization and deindustrialization to the rise of authoritarianism under the guise of populism, from systemic racism and the rise of the carceral state to the proliferation of bad jobs and the gig economy—the effects of that historic change shape every aspect of modern life. But this topic can sometimes seem a little dry, so I’m always looking for books that help make sense of it.
This book—written by a scholar who also works in government—is both infuriating and enlightening. It takes on the real problem of precarious, poorly paid jobs and, by getting way into the weeds of how companies are organized, gives a clear explanation for how so many jobs became so bad and at least some hope for a policy fix. The root of the problem, Weill shows, is basically outsourcing: large companies hire out jobs (cleaners, security, customer service) to low-paying, often badly managed small companies, and that drives down wages, benefits, and job security. The most insane examples of this occur when laborers are pushed into being independent contractors or franchise owners. Officially they are “small business owners” but in practice, they have no control over their work and no opportunities to grow. The book is full of memorable (and enraging) vignettes and examples, making a dry argument about corporate structure…
For much of the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, as David Weil's groundbreaking analysis shows, large corporations have shed their role as direct employers of the people responsible for their products, in favor of outsourcing work to small companies that compete fiercely with one another. The result has been declining wages, eroding benefits, inadequate health and safety conditions, and ever-widening income inequality.
"Authoritative...[The Fissured Workplace] shed[s] important new light on the resurgence of the power of finance and its connection to the debasement of work and income distribution." -Robert Kuttner,…
I write about politics. I grew up in a political household. My mother was a key fundraiser for the Democratic Party and my stepfather served as a White House counsel to President Clinton. Politics and the Washington experience were the air I breathed during my formative years. I followed in their footsteps and co-founded Fight for a Better America, an organization that invests in key battleground districts and states throughout the US, with the goal of either flipping them blue or maintaining a Democratic incumbent. Through my travels with the organization, I have made hundreds of contacts with folks in local civic clubs and organized hundreds of volunteers on the ground.
In his characteristically funny and sardonic style, Andersen guides us through the historical connection between corporate America and the Republican Party. Needless to say, the relationship has been strong and fruitful (Democrats are guilty as well, but it’s hardly a comparison). He reports on the key conservative figures in both the private and public spheres who have funded and enabled the transformation of our laws and society. It is a remarkable story of power and greed written in concise witty prose. Highly recommend!
NEW YORK TIMES BESTSELLER • When did America give up on fairness? The author of Fantasyland tells the epic history of how America decided that big business gets whatever it wants, only the rich get richer, and nothing should ever change—and charts a way back to the future.
“Essential, absorbing . . . a graceful, authoritative guide . . . a radicalized moderate’s moderate case for radical change.”—The New York Times Book Review
During the twentieth century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure, and…
I have been trying to understand India’s evolution especially its economic path for the last half-century— by reading, traveling, and writing on aspects of that evolution. Originally this started with the Cold War concern about how a democracy would navigate using a democratic political system. So I took appropriate courses in college and graduate school, worked in India in the Peace Corps, and then spent a little under a decade teaching about it a doing research. For the following five decades I have continued my interest and publishing and studying. Whether I have understood much is for others to determine but these are my five book nominees.
A summary of the dramatic economic transformation of India since 1991 by one of its key economic policymakers. Though abstracting from some of the debate about details, this is a readable presentation especially from the point of view of policymakers. What all of this meant for the general public can be seen in the next volume. Both but especially this volume are one of competing accounts of how it happened. Success has many fathers.
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy?
With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
I am a professional economist and econometrician with over 50 years of teaching and research experience. I've published articles in more than 200 international publications and been on the senior teaching staff of top U.S. and Asian universities. In recent years, I have also been interested in serious scholarly studies on developing economies in Asia and as an economic consultant to several Asian government ministries.
For readers interested in sectoral analysis and
especially labour studies, the book discusses the transformation of employment
relations in Vietnam since Doi Moi in 1987. These relations have been a key
part of Vietnam’s reforms and a necessary pre-condition to the country’s
long-awaited WTO membership in 2007.
The book first examines the nature of
employment reforms, analyses the motivation behind new policy initiatives, and then
examines the detail of reforms in a range of business enterprises. The book’s
sources of information are based on extensive original research.
The transformation of the Vietnamese economy from socialist planning to a market economy has led to Vietnam having one of the fastest economic growth rates in the world; and to also to Vietnam engaging much more with the international economy, joining the World Trade Organisation in 2006. This book fills a significant gap by surveying the economic reforms in Vietnam, where most studies have concentrated on other 'young tiger' economies. In particular it discusses the transformation of employment relations which have been a key part of the reforms and a necessary pre-condition to WTO membership. It examines the nature of…
I grew up listening to my grandfathers tell stories about the Great Depression (1930s). My cousins would want me to go out and play, but I wanted to stay indoors and listen to the stories. The Depression proved my grandfathers were not the best cotton farmers, but they were good storytellers, and I ended up an economics professor. Along the way, I ran across a thought from renowned British philosopher Francis Bacon: “Histories make men wise, poets, witty, mathematics, subtle;” Modern economics has gone in for subtlety, and maybe is a little too careless of wisdom. This thought sent me delving deeper into economic history, and I ended up writing five books in economics history.
Here is a stimulating and suggestive book, in 18 close-packed chapters, rich in fresh and illuminating insights. The scope, depth, and harmony of this book, strengthened with minute elaboration and carefulness, make it a work of permanent value. Missed here is the dogmatic readiness to force many intricate and diverse things to accommodate themselves to a few simple formulas. The book’s very descriptive title reveals its subject, which is presented with the utmost clearness, thoughtful intelligence, and adequacy of analysis, It is a welcomed reminder that time is the greatest innovator, spawning economic developments missed by the blind mechanisms of theoretical formulas. There is the accuracy of knowledge throughout, thoroughness in setting it forth, and admirable clearness.
In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the…
I have had the unique experience of having been a successful CEO of a global publicly traded semiconductor company, a founder and CEO of an innovative and valuable startup, and now as a teacher and scholar of entrepreneurship and innovation. I’m a Professor of the Practice at Princeton University where I teach and write about being a successful entrepreneur. My three books on the subject are: Startup Leadership: How Savvy Entrepreneurs Turn Their Ideas Into Successful Enterprises; Building on Bedrock: What Sam Walton, Walt Disney, and Other Great Self-Made Entrepreneurs Can Teach Us About Building Valuable Companies;and THE ENTREPRENEURS: The Relentless Quest for Value.
This is a book of 35 short chapters that each describe a slice of America’s development from a new country into the leader of the capitalist world… which is actually a story about entrepreneurship. Srinvasan’s style is very engaging, and the book is a page-turner. Each chapter describes the development of a market or new way of doing business, like “railroads,” “steel,” “banking,” and “advertising.” Once you’ve finished reading this book, you cannot help but marvel at what entrepreneurs have accomplished.
An absorbing and original narrative history of American capitalism
NAMED A BEST BOOK OF 2017 BY THE ECONOMIST
From the days of the Mayflower and the Virginia Company, America has been a place for people to dream, invent, build, tinker, and bet the farm in pursuit of a better life. Americana takes us on a four-hundred-year journey of this spirit of innovation and ambition through a series of Next Big Things -- the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking to flight, suburbia, and sneakers, culminating with the Internet…
I have worked on the problems of poverty, particularly in sub-Saharan Africa, for much of my professional life. I worked at the Centre for the Study of African Economies, which is part of the Department of Economics at Oxford University, from 1991 until my retirement in 2012. I continue to work both with the Centre and the Department as a Managing Editor of Oxford Economic Papers and Chief Editor of the Journal of African Economies. My recent book The Poor and the Plutocrats grew out of this background where I wanted to understand the links between very poor countries and those of much richer ones.
The papers in this book follow on from an article in Vanity Fair, "Of the 1%, for the 1%, by the 1%". Mimicking Abraham Lincoln’s famous definition in his Gettysburg Address.
A central argument that runs throughout the book is that the growing inequality in the US is chosen, not by its peoples, but by its government. The implication is that the rising inequality and its causes are a threat to US democracy. The book sees a great divide opening between the mass of its citizens and a plutocratic class whose income, and relative position, continues to improve. The book documents how governments have pursued policies that only benefit the 1%.
In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America's growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice-the cumulative result of unjust policies and misguided priorities.
Gathering his writings for popular outlets including Vanity Fair and the New York Times, Stiglitz exposes in full America's inequality: its dimensions, its causes, and its consequences for the nation and for the world. From Reagan-era to the Great Recession and its long aftermath, Stiglitz delves into the…
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