Podcast
New Books in Economics
Hosted by Marshall Poe · EN
This podcast is a channel on the New Books Network. The New Books Network is an academic audio library dedicated to public education. In each episode you will hear scholars discuss their recently published research with another expert in their field.
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42episodes
Episodes
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Kevin Warsh: "What did you have to say in order to get this job?"
3d ago00:47:21Tap to summarizeMore than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed’s underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair’s eight episodes, Tim Jones talked to authors of books about the Fed's most consequential chiefs – Marriner Eccles, Bill Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell. The Powell podcast was meant to be the last. But, after Kevin Warsh took over from Powell on 22 May 2026 and started preparing for his first FOMC meeting as chairman in mid-June, a ninth episode became irresistible. Who is this Republican hawk-turned-dove? As one policymaker among 12, has he over-promised to a volatile president? To discuss Warsh, Tim is joined by three "Fed watchers" – Claire Jones, Michael Redmond and Catarina Saraiva. Claire, who used to “watch” the European Central Bank for the Financial Times, is now the FT’s US economics editor and has transferred her monitoring skills to the Fed. Catarina is a 17-year veteran at Bloomberg News, reporting exclusively on the Fed and US economics since 2019. Michael has been Medley Advisors' Fed analyst since 2022, having worked as an economist at the US Treasury and the Kansas City Fed. "I think [Warsh] has upset a lot of people with the criticisms that he's had of the Fed," says Claire Jones. "I think there's just this sense where people are worried because they're thinking: 'What did you have to say in order to get this job? What have you promised to the administration in order to get this job?' So, there's those issues of trust ... However, he is very charming; he’s been at the Fed before; he knows how the game is played. So, I don't think that's necessarily entirely insurmountable". Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Gary Hoover, "Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead" (U California Press, 2026)
3d ago01:12:18Tap to summarizeIn Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead (University of California Press, 2026) , Gary Hoover asks the reader a simple question: Is our economy a ladder or a lottery? Are people able to control their position on the economic spectrum by their actions? Some argue that, in our market-based economy, if you play by certain rules and make certain choices, you'll achieve upward mobility no matter what economic position you were born into. Drawing on his vast economic expertise, Hoover explores what this "social contract" requires of its citizens, and what it offers in return. Hoover shows how civil unrest is often directly related to broken society-level promises, exploring protest movements such as Occupy Wall Street, the Tea Party, the Arab Spring, and student debt forgiveness as case studies. He also predicts where future protests can be expected if results promised are not results delivered. This insightful and data-driven book tackles challenging issues around income inequality, health care, and artificial intelligence, and ultimately equips readers to answer these pressing questions: Is our social contract a ladder to higher economic standing, accessible to all no matter where they start? Or rather a lottery in which many will buy a ticket but only a few will find success? And how can we best align social promises with our lived economic realities? Gary Hoover is Executive Director of the Murphy Institute, Professor of Economics, and Affiliate Professor of Law at Tulane University. Dr. Zachery Williams is an Adjunct Professor in the Department of African and African American Studies at LSU. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Daniela Soto-Hernández, "Lithium Extraction in Chile: Ontological, Ecological and Economic Dimensions" (Routledge, 2025)
1w ago00:55:06Tap to summarizeLithium Extraction in Chile: Ontological, Ecological and Economic Dimensions (Routledge, 2025) is a new book from Dr Daniela Soto-Hernández, a Social Anthropologist currently working as a postdoctoral researcher at the University of Sussex. In this book, published with Routledge, Dr Soto-Hernández uses ethnographic methods during her intensive fieldwork in Chile, specifically in and around the Atacama Desert, to take a relational view on lithium mining in the region. Chile is the largest and oldest producer of lithium in South America and the second largest in the world, accounting for nearly 32% of the global supply in 2022. Dr Soto-Hernández’s book, Lithium Extraction in Chile, is a crucial and new way of seeking to understand not only lithium, but the worlds that are created around the resource; inclusive of sacred, indigenous relations, the ubiquitous role of water, the discursive and practical dimensions of lithium production, and the social tensions manifest throughout these processes. Dr Soto-Hernández first explores the ways in which the Chilean Atacama Desert has been constructed as a ‘desolate-scape’ through mechanisms and relations of coloniality and capitalism, to render the territory as lifeless and only appropriate for extraction. Then, and by using the rich fieldwork central to the book, Dr Soto-Hernández puts forward the notion of ‘desertscape’ to express the ways of living for indigenous peoples in the territories of the Atacama Desert, such as for the Lickanantay peoples. This paints a direct contrast to the colonised view of the desert as a ‘desolate-scape’, which serves capital, and instead expresses the abundance, world-making, and life-giving properties of the landscape as ‘desertscape’. This relational view of the Atacama Desert, inclusive of non-people, people, and the sacred, is then used to understand the role of lithium, brine, and water extraction in this crucial territory, with implications for a truly transformative energy transition. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Mengqi Wang, "Anxious Homes: Inflexible Demand and China's Housing Market" (Cornell UP, 2026)
2w ago01:04:47Tap to summarizeAnxious Homes: Inflexible Demand and China's Housing Market (Cornell UP, 2026) is a study of the power that shapes the forms of the homes Chinese citizens strive for and the possible paths they may take to realize their home ownership dreams. Based on extensive ethnographic fieldwork, Mengqi Wang discusses how the Chinese real estate industry functions in the everyday, welding aspirational middle-class families, especially migrant families, to the property-owning class and the urban growth machine. Urban housing was a socialist benefit in China until the market reforms and privatization in the 1990s. Today, most Chinese citizens consider homeownership a necessity rather than an economic privilege. Wang analyzes the making of homeownership ideologies through "inflexible demand" (gangxu)—a concept that real estate brokers, developers, homebuyers, and the government in China use to craft homeownership as indispensable for fulfilling dreams of urban citizenship. The ethnography shows that gangxu helps to articulate diverse attempts to accumulate value through housing at China's urbanizing city periphery, while giving shape to a housing-based, postsocialist right to the city. Anxious Homes argues that homeownership does not necessarily engender independence but suggests further inclusion of citizens within the dominant regime of accumulation. Mengqi Wang is Assistant Professor of Anthropology at Duke Kunshan University. Her research interests include economic anthropology, urban anthropology, political economy, gender studies, and science and technology studies. Yadong Li is an anthropologist-in-training. He is a PhD candidate of Socio-cultural Anthropology at Tulane University. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Jesper Rangvid, "How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates" (Oxford UP, 2025)
2w ago00:49:42Tap to summarizeHow Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates (Oxford UP, 2025) explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest rates lower, and emerging trends likely to shape the future path of interest rates. The book contends that the steady decline in interest rates around the world from 1980 to 2020 played a pivotal role in shaping five significant global trends during the same period: soaring debt levels, escalating housing prices, surging stock markets, widening economic inequality, and increased financial risk-taking. The book also explores emerging factors likely to shape the future trajectory of interest rates. While demographic trends may keep rates low, other forces, such as rising public debt, can push them higher. The book offers its perspective on the interaction of these opposing trends, and presents its view on the future evolution of interest rates. How Low Interest Rates Change the World is a no-nonsense fact-based book written in plain language. A key feature of the book is its empirical approach and reliance on data. Figures and tables richly illustrate and support the arguments presented, thereby inviting a broad audience to follow its fascinating journey into the evolution of interest rates and their impact. Transcript here Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Photis Lysandrou, "Dollar Dominance: Why It Rules the Global Economy and How to Challenge It" (Policy Press, 2025)
3w ago00:54:13Tap to summarizeIn a world shaken by crises, why does the dollar continue to dominate? In Dollar Dominance: Why It Rules the Global Economy and How to Challenge It (Policy Press, 2025) Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies. With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Stephan Meier, "The Employee Advantage: How Putting Workers First Helps Business Thrive" (PublicAffairs, 2024)
3w ago01:07:31Tap to summarizeIn an ever-shifting work landscape, leaders can no longer ignore their most overlooked stakeholders—their employees. In The Employee Advantage: How Putting Workers First Helps Business Thrive ( PublicAffairs, 2024), behavioral economist Stephan Meier explains why organizations must value their employees as much as—if not more than—their customers: those that pivot toward an employee-centric model will be more profitable, innovative, and appealing to top talent. Through case studies of Fortune 500 companies like Costco, DHL, and Best Buy as well as smaller organizations, Meir shows why employees care about more than just money when it comes to their jobs—the same way customers care about more than just price, what mindset shifts are essential to becoming an employee-centric workplace, and how improving the employee experience benefits the business and bottom line. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Paul Blustein, "King Dollar: The Past and Future of the World's Dominant Currency" (Yale UP, 2025)
Apr 3000:51:36Tap to summarizeThe U.S. dollar is the world’s most important currency. Trade is priced in dollars, the world’s central banks keep U.S. dollars in reserve, some places–including my home of Hong Kong, peg their currencies to the dollar. But what explains the U.S. dollar’s success? And why have some challengers, like the Japanese yen or the Chinese yuan, failed to gain traction? Paul Blustein, author of King Dollar: The Past and Future of the World's Dominant Currency, joins us on the show today; the book was released last year, and is now in paperback. In his book, Paul talks about how the U.S. dollar got to where it is today and punctures some of the myths surrounding dollar dominance–like the idea that the “petrodollar” made a difference. Paul is a senior associate with the Economics Program and Scholl Chair in International Business at the Center for Strategic and International Studies (CSIS). He is also the author of several critically acclaimed books about global economic affairs. A graduate of the University of Wisconsin and Oxford University, where he was a Rhodes Scholar, he spent much of his career as a reporter at the Washington Post and Wall Street Journal. A programming note: we recorded this interview on April 4th, about a month after the U.S. first launched its strikes on Iran. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →William I. Robinson, "Epochal Crisis: The Exhaustion of Global Capitalism" (Cambridge UP, 2025)
Apr 3000:54:20Tap to summarizeEpochal Crisis: The Exhaustion of Global Capitalism (Cambridge UP, 2025) is the most recent book from Professor William Robinson, Distinguished Professor of Sociology at the University of California, Santa Barbara. This title is the latest in excellent and ground-breaking titles from Professor Robinson in a distinguished career, where he began writing books on United States intervention into Nicaragua in the late 1980s and early 1990s, expanding this focus on United States hegemony more broadly in the ground-breaking book Promoting Polyarchy in 1996, up to then grappling with the totality of the capitalist world system more recently in titles such as The Global Police State in 2020, Can Global Capitalism Endure in 2022, and War, Global Capitalism and Resistance in 2024, alongside many other books. Professor Robinson’s latest instalment we discuss in this episode, Epochal Crisis, tracks the multifactorial crises that are impacting the global capitalist system today, across economic, social, ecological, political and other dimensions, and how these intersecting and overlapping crises are degrading or exhausting the ability for capitalism to renew itself. This contemporaneous epochal crisis, as Professor Robinson carefully details, is catalysing morbid symptoms that express themselves as wars, unprecedented violence, ecological emergencies, rock-bottom political legitimacy and a host of other dangerous and cataclysmic effects. Epochal Crisis is both a wide-ranging and extensive investigation into the current, overlapping and intersecting crises that are plaguing the world capitalist system, as it appears in its final, violent death throes, and also a highly engaging work that is easy to digest and will help you understand the very naked reality of capital crisis that is so obvious to us all today. Thankfully, Professor Robinson also addresses what we can do in this latest, perhaps final, epochal breakdown of the capitalist system, to find some revolutionary hope in these dark times. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Transcribe →Stephen B. Young ed., "Adam Smith and Modern Economics: Reclaiming the Moral High Ground" (de Gruyter, 2026)
Apr 2900:03:45Tap to summarizeFor more than two centuries, economists and researchers have struggled with the conundrum of reconciling Adam Smith’s views on economics and ethics. While some held that Smith’s capitalism and free markets institutionalized selfishness, greed, inequality and injustice, others focused on his theory of the moral nature of all human persons and the application of conscience and self-restraint in capitalist activities. Adam Smith and Modern Economics: Reclaiming the Moral High Ground (de Gruyter, 2026) suggests that neither of these two conventional understandings alone is accurate and conducive to human flourishing. Smith put markets in the context of morality, observing that markets serve best when our moral sentiments are followed. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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