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For 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

How did an economic system that was the result of largely uncoordinated and unplanned individual decisions come to dominate our modern world? This is the core question that my guest, Berkeley economic historian Trevor Jackson, tries to answer in his new book, The Insatiable Machine: How Capitalism Conquered the World (Norton, 2026). Jackson begins with the origins of the global monetary system in the fifteenth century and ends in the early twentieth century, when capitalism faced its most serious challenges from communism and socialism. While wage labor and financial instruments like loans and stocks feel unremarkable today, he reminds us that “it wasn’t always this way.” Capitalism is not natural, timeless, or inevitable. Trevor Jackson is an economic historian at the University of California, Berkeley. He previous book, Impunity and Capitalism: The Afterlives of European Financial Crises, 1690–1830, was published by Cambridge University Press in 2022. Steven P. Rodriguez is a scholarly publishing professional and historian. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hello! Thanks for reaching out. I'm glad you're here! Do you have any questions or thoughts about the recent discussion with Karen Hao on AI and its societal impacts?Hello! Thanks for reaching out. I'm glad you're here! Do you have any questions or thoughts about the recent discussion with Karen Hao on AI and its societal impacts? Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The Fragile Dragon offers a unique exploration of China's rapid transformation and its evolving commercial relationship with the West. Drawing on the author's experience as president of the American Chamber of Commerce under Presidents Obama, Trump, and Biden, the book examines key business and political developments from both Western and Chinese perspectives. The narrative intertwines the story of his family -- including an opium addict, an American codebreaker, and a Chinese revolutionary -- with broader geopolitical themes. As an American businessman of Chinese ancestry, the author had firsthand access to leaders on both sides and provides insightful analysis on why tensions between the US and China have escalated, threatening global commerce and stability. Finally, the author offers guidance on how business people can think about China, and what it takes to succeed, whether it's navigating the narrow corridor between what China wants and what the US will allow, partnering with rather than competing against local players, or structuring businesses to minimize risk if a catastrophic event takes place, as appears more and more likely. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

How many times have you wanted to object, disagree, or opt out of something but ended up swallowing your words, shaking your head, and just going along? Featuring groundbreaking research, gripping stories, and easy everyday strategies, Defy reveals how to show up for yourself and others personally, professionally, and beyond. Sah’s data-driven approach shows why everyone needs the power of defiance and how to build this essential skill. In a moment when we are anxious and unsure what to do—whether we’re confronting injustice on a social scale or facing something closer to home—here are strategies to activate your values. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this sixth episode of Season 5, I interview Mr. Chris Griswold. An alum of Wheaton College and Princeton Theological Seminary, he was formerly a senior advisor to then Senator Marco Rubio, and is currently the Policy Director for American Compass—a leading center-right public policy think-tank. Recently, he contributed to the book, The New Conservatives (2025), an anthology edited by his colleague, Oren Cass, that re-articulates a conservative economic vision for the country. Drawing on it, we discuss the crisis of America’s political economy, from questions surrounding current AI, automation, and the end of free trade; political instability and populism; how economic policy can best serve American workers and families; and what makes us hopeful for the country’s future during its 250th anniversary. Hosted by Ryan Shinkel, Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions. The transcript for this interview is available on our new Substack page, “Madison’s Footnotes.” Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Today I have the pleasure of speaking with Gary Hoover about his new book, Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead (University of California Press, 2026). Gary is Professor of Economics and Executive Director of the Murphy Institute at Tulane University. One of the most challenging aspects of life is that sometimes, despite our very best efforts, we still miss the mark. Life can feel like a lottery, where success comes down to luck or the privilege to have the resources to buy as many lottery tickets as possible. For some, life appears like a ladder. No matter where you start, all you need to do is climb to get to the top. These metaphors encapsulate the dilemmas explored by Gary in his important work, as he examines in a variety of case studies whether economic conditions look more like a ladder or more like a lottery. When enough people feel that the system is more like a lottery than a ladder, social order breaks down, protests erupt, and, on occasion, revolutions take place. To take on this weighty topic, I’m thrilled today to have Gary Hoover on the podcast. Gary A. Hoover is Executive Director of the Murphy Institute, Professor of Economics, and Affiliate Professor of Law at Tulane University. Caleb Zakarin is the CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The volume addresses issues of security and risk in economic and business history. A focus lies on the study of security in order to highlight the central role of preventive measures, corresponding corporate strategies, (public) demands for measures to promote security, and the conscious avoidance of actions considered risky. It is less on questions of risk avoidance and more on the analysis of decisions and strategies for creating stability and averting potential threats. The book aims at understanding how these security-oriented interventions and forward-looking approaches have shaped economy and businesses.With contributions by Dolly Afoumba | Anna Corsten | Marie Huber | Nina Kleinöder | Christian Kleinschmidt | Andreas Langenohl | Christian Marx | Cornelia Sahling | Tim Salzer | Tonio SchwertnerThis title is also available as open access. https://www.nomos-shop.de/en/p/security-and-risk-gr-978-3-7560-3577-9 Interview host, Paula de la Cruz-Fernández Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Decolonization has long been debated across the social sciences, but the economics discipline has so far avoided such critical engagement. Decolonizing Economics: An Introduction (Polity, 2024) provides a much-needed intervention.Dutt, Alves, Kesar, and Kvangraven uncover the deeply Eurocentric foundations that shape how economists study the world today. These have rendered the discipline ill-equipped to tackle critical questions, such as structural racism, uneven development, the climate crisis, labour relations, and how structural power shapes economic outcomes. Decolonizing economics entails challenging the norms of neutrality and objectivity that economists claim to speak from, while fostering alternative ways of understanding the economy that take seriously structural power relations and contemporary processes of economic development. Readers will come to understand the political stakes of decolonization and the wide range of scholarship that already exists that can help us grasp economics from non-Eurocentric perspectives. Through such scholarship, we can gain an enriched understanding of capitalism and its relationship to exploitation, colonialism, and racialization. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

We chat with historian David Kirsch, Associate Professor of Management and Entrepreneurship at University of Maryland's Robert H. Smith School, about how to understand the Dot Com bubble and bust of the late 1990s and early 2000s. David both lived through the Dot Com moment as a California resident and is a scholar of technology bubbles, including through his coauthored book, Bubbles and Crashes: The Boom and Bust of Technological Innovation (Stanford University Press, 2019). We talk to him about how to think about past and contemporary bubbles from both personal and professional historical perspectives. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics