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.
This is ostensibly the third book documenting the history of a North Indian village from 1950 until today, but it also records much of the anthropological literature documenting the development in other villages in India over that period which parallels that in many other villages of South Asia. Viewed in the context of statistical data which is collected on a much broader scale this confirms the remarkable economic evolution India has experienced from basketcase to development model.
Development economics is about understanding how and why lives change. How Lives Change: Palanpur, India, and Development Economics studies a single village in a crucially important country to illuminate the drivers of these changes, why some people do better or worse than others, and what influences mobility and inequality.
How Lives Change draws on seven decades of detailed data collection by a team of dedicated development economists to describe the evolution of Palanpur's economy, its society, and its politics. The emerging story of integration of the village economy with the outside world is placed against the backdrop of a rapidly…
I’m an economist who started out in stockbroking. But that felt like an exploitative industry and, looking for a more positive role, I moved to the consumer organisation Which? There, I cut my teeth helping people make the most of their money and then started my own freelance business. Along the way, I’ve worked with many clients (including financial regulators and the Open University where I now also teach), taken some of the exams financial advisers do and written 30 or so books on personal finance. The constant in my work is trying to empower individuals in the face of markets and systems that are often skewed against them.
Much of personal finance relies on the premise that you will achieve your goals by investing in economic growth.
One narrative says we can play our part in tackling climate change by shifting our investments towards sustainable growth – for example, backing green technologies and carbon capture. However, Latouche questions whether economic growth is compatible at all with living within our planet’s resources.
He argues that we have to detach from the cycle of over-consuming and over-producing that is implicit in targeting economic growth and instead shift to a goal of maximising human wellbeing. His radical alternative is a world where we work less, share more, and respect nature.
It is arguably the only real solution to the climate crisis, but powerful vested interests stand in the way of its adoption.
Most of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account. Above all we refuse to address the issue that lies at the heart of our problems - namely, the fact that our societies are based on an economy whose only…
I enjoyed this and thought it an
excellent analysis of the climate problem, doing so without any of the
catastrophism so dominant in media and political discourse.
Here, Lomborg makes
a comparative study of climate change and many of the other major problems
facing the world and succinctly demonstrates that most of our public policy in
the West on climate change is unsustainably expensive and will make almost no
difference to outcomes.
In it, he lays out a better direction for governments
and international organizations to take without losing sight that climate
change is just one problem among many and not even the most important.
It is a compelling, well-informed, data-deep book that ignores all the alarmism and
focuses objectively on the problem.
The New York Times-bestselling "skeptical environmentalist" argues that panic over climate change is causing more harm than good
Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world.
Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is.…
I am an Assistant Professor in the Department of Foreign Language Teaching Methodologies at Vyatka State University in Kirov, Russia. My book Stalin’s Constitution: Soviet Participatory Politics and the Discussion of the 1936 Draft Constitution was published in November 2017. Most recently I have published an article-length study entitled Peasant Communal Traditions in the Expulsion of Collective Farm Members in the Vyatka–Kirov Region 1932–1939 in Europe Asia Studies in July 2012. I am currently conducting research for a future book manuscript on daily life on the collective farms and the day-to-day relationships between collective farmers and local officials.
The Soviet Union’s periphery was a fertile testing ground for large-scale development projects, comparable to European colonial and post-colonial development projects in Africa, Asia, and Latin America. Like many colonial projects, Soviet development projects were not just designed to modernize the physical landscape but the people as well.
The Russian concept of kul'turnost' (culturedness), a concept rooted in specific notions of European middle-class modernity, was a fundamental driving force in the Tajik modernization campaigns as well. But, it was surprisingly mutable, with local elites often creating their own definition of cultured behavior. Laboratory of Socialist Development grapples with how universal ideas were negotiated locally and ultimately reshaped. Additionally, Kalinovsky reveals how the modernizing paradigm changed as large-scale investment failed to yield the hoped-for result for both European and Soviet modernizers, who sought to recreate European style modernity in the Third World and Central Asia but instead often wound up marginalizing…
Artemy Kalinovsky's Laboratory of Socialist Development investigates the Soviet effort to make promises of decolonization a reality by looking at the politics and practices of economic development in central Asia between World War II and the collapse of the Soviet Union. Focusing on the Tajik Soviet Socialist Republic, Kalinovsky places the Soviet development of central Asia in a global context.
Connecting high politics and intellectual debates with the life histories and experiences of peasants, workers, scholars, and engineers, Laboratory of Socialist Development shows how these men and women negotiated Soviet economic and cultural projects in the decades following Stalin's death.…
I am a Partner at Dalberg Global Development Advisors, where I lead a lot of our finance and investment advisory work with development finance institutions, family offices, and impact investors. I also serve on several impact investment and field-building organization advisory boards and regularly contribute to the ecosystem through thought leadership and speaking engagements at leading conferences. Over the course of my 20+ year career, I have played the role of advisor, investor, and technical assistance provider on more than 200 individual projects across the globe.
This is an inspiring read from a real changemaker.
Morgan is also someone I have had the pleasure of getting to know through the impact investing conference circuit, and I enjoyed reading her firsthand account of how she combined her social activist desires with the practical tools of finance and investment to create ‘real impact.’
One of my favorite sections of the book was on her early days and successes with shareholder activism. This book and her story are ones that many impact-minded leaders can learn from.
Impact investment, the support of social and environmental projects with a financial return, has become a hot topic in the world's philanthropy and development circles, and is growing exponentially: in the next decade, it is poised to eclipse traditional aid by ten times. Yet for all the excitement, there is work to do to ensure it actually realizes its potential. Will impact investment empower millions of people worldwide, or will it just replicate the same failures that have plagued the aid and antipoverty industry?
Enter Morgan Simon. When she was a twenty-year-old college student at Swarthmore, Simon compelled Lockheed Martin…
Inequality and fairness are basic issues in human conflict and cooperation that have long fascinated me. Growing up in Louisville, Kentucky, I was confronted with the extreme racial segregation of schools and neighborhoods. My Catholic upbringing taught me to cherish the cardinal virtues of justice, wisdom, courage, and temperance, and my education in political economy taught me that markets can fairly and efficiently allocate resources, when legal power is evenly shared. My formal education culminated in a Ph.D. in Public Affairs from Princeton University, which led me to my current roles: Non-resident Senior Fellow at the Brookings Institution and Principal Economist at Gallup. I care deeply about the social conditions that create cooperation and conflict.
To understand why some workers are paid more than others, you have to understand how skills are valued and rewarded in the labor market, and how that has changed, as the economy has evolved.
Focused on the United States, Katz and Goldin provide a sweeping overview of how education leads to skills and income, drawing on the most well-established theories in economics. It misses some important causes of inequality, but is essential for understanding the one of the deepest economic forces governing wages: the supply and demand of human capital.
This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the…
When I grew up I assumed growth is good. Tomatoes grow, so do people—and economies too? Certainly, recessions were bad: many workers were made ‘redundant’. But as we grew older we noticed that growth continued yet people’s lives were getting harder. Looking back, the 1970s in Britain appears a golden age: almost everyone had plenty to eat, society was relatively equal, and all to a soundtrack of fabulous music. With climate change and other environmental threats it’s getting more obvious with each passing season that a global social transformation is required. These are the questions that have driven my own research, on climate politics, growth ideology, and technology fetishism.
On my shelf, there are many outstanding books on degrowth—by Giorgos Kallis, Jason Hickel, and others. But one with the most coffee stains is this one.
I dip into it often because it covers all the angles. And it begins to tackle the ultimate question: If economic growth is trashing the planet, and if growth is the engine of capitalism, then what could come after?
Economic growth isn't working, and it cannot be made to work. Offering a counter-history of how economic growth emerged in the context of colonialism, fossil-fueled industrialization, and capitalist modernity, The Future Is Degrowth argues that the ideology of growth conceals the rising inequalities and ecological destructions associated with capitalism, and points to desirable alternatives to it. Not only in society at large, but also on the left, we are held captive by the hegemony of growth. Even proposals for emancipatory Green New Deals or postcapitalism base their utopian hopes on the development of productive forces, on redistributing the fruits of…
Hawkes (MD, BScN, MGA) is a novelist, YouTuber, and former analyst for the NATO Association of Canada. His writings have appeared in Heater, The Raven Chronicles, ArabLit, and many other magazines and publications. His recent espionage novel, The Haze, is set in Southeast Asia and the Middle East.
I first heard about this book when it won the 2014 National Book Award in nonfiction. After reading it, it became clear to me this was one of the best books written about China. Evan Osnos, a staff writer at the New Yorker, has delivered a coup de force that unravels the social dynamics of Chinese society. In recent memory, no serious book has attempted to do the same. You will learn about the clash of individualism vs. plutocracy in present-day China and how that manifests on the street. You will also understand the economic ailments that afflict modern China. It is beautifully written.
Pulitzer Prize in General Nonfiction finalist Winner of the 2014 National Book Award in nonfiction.
As the Beijing correspondent for The New Yorker, Evan Osnos was on the ground in China for years, witness to profound political, economic, and cultural upheaval.
Age of Ambition provides a vibrant, colorful, and revelatory inner history of China during a moment of profound transformation.
From abroad, we often see China as a caricature: a nation of pragmatic plutocrats and ruthlessly dedicated students destined to rule the global economy-or an addled Goliath, riddled with corruption and on the edge of stagnation. What we don't see…
What are some countries rich and others are poor? I strongly believe that this is the most important question for modern economics. I've become an economist to understand this. I am happy that in recent decades economists – working closely together with other social scientists – have made so much progress in this field. And this is not abstract knowledge – it is being applied already to help developing countries catch up with the rich world. I have seen it myself when I took a leave from academia to work as a Chief Economist of a development bank (European Bank for Reconstruction and Development) – to learn more from and to contribute to this work.
This is a great textbook as well. But it has two important advantages.
First, it came out 10 years later than Why Nations Fail, therefore covering so much more recent research in this very vibrant field of interdisciplinary work on what drives and what slows down economic development.
Second, while the authors have worked on these issues themselves, they are much less focused on one of the explanations of development and provide a more balanced view of the field.
Very informative read even for those who (like me) have already read a lot on the subject. A treasure of previously unknown stories of development and underdevelopment to discuss with friends and students.
Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich?
Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan…
I am a historian of education and twentieth-century U.S. history. Public schooling has been transformative for me, opening up a world of opportunities, but I know many others are not nearly so lucky. This has shaped my interest in the history of public schooling, including its promise of democracy and opportunity and the too-often reality of the way it replicates and deepens social and economic inequalities. I think history helps us understand our world, including to see the roots of inequality we live with today and to think about how we might build a more equitable system.
I love how this book asks big and fundamental questions about the relationship between work and education and grounds them in such careful and extensive historical research. It challenges some of the things we think we know about the relationship between the economy and education and makes a powerful case that we fall into a “trap” when we ask education to fix inequalities that are rooted in and best addressed in our economic system.
I love how this book looks broadly and deeply across sectors of the economy, public and private schools, higher education, and K-12 schools at a critical moment of transformation to ask important questions about the sources of inequality and the best ways to address it.
Why-contrary to much expert and popular opinion-more education may not be the answer to skyrocketing inequality.
For generations, Americans have looked to education as the solution to economic disadvantage. Yet, although more people are earning degrees, the gap between rich and poor is widening. Cristina Groeger delves into the history of this seeming contradiction, explaining how education came to be seen as a panacea even as it paved the way for deepening inequality.
The Education Trap returns to the first decades of the twentieth century, when Americans were grappling with the unprecedented inequities of the Gilded Age. Groeger's test case…
