More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's m...
Aug 08, 2024•48 min•Ep. 157
After two government bailouts of the American economy in less than twenty years, free market thought is due for serious reappraisal. Free Market: The History of an Idea (Basic Books, 2022) shows how the idea became so powerful, why it succeeded, and why it has failed so spectacularly. In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the face of the collapse of the Soviet Union, it was supposed to be a story of the success of free markets. However, in the past thirty years, that numb...
Aug 08, 2024•2 hr 30 min•Ep. 221
More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's m...
Aug 07, 2024•48 min•Ep. 156
More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast series, Tim Gwynn Jones - a veteran central bank "watcher" - talks to authors of books about the Fed's m...
Aug 06, 2024•1 hr 4 min•Ep. 155
Historically, the insurance industry in America has been fragmented. As a result, there have been debates and conflicts over the proper roles of federal and state governments, business, and the responsibilities of individuals. Who should cover the risks of loss? And to what extent should risk be shared and by whom? In Uncovered: The Story of Insurance in America (Oxford UP, 2023), Katherine Hempstead answers these questions by exploring the history of the insurance business and its regulation in...
Aug 05, 2024•45 min•Ep. 106
Liberal democracy is in crisis around the world, unable to address pressing problems such as climate change. There is, however, another path—cooperation democracy. From consumer co-ops to credit unions, worker cooperatives to insurance mutuals, nonprofits to mutual aid, countless examples prove that people working together can extend the ideals of participatory democracy and sustainability into every aspect of their lives. These forms of cooperation do not depend on electoral politics. Instead, ...
Jul 31, 2024•1 hr 12 min•Ep. 472
It is a truth universally acknowledged that as a society we want successful, profitable companies because, as Jan Eeckhout says in The Profit Paradox: How Thriving Firms Threaten the Future of Work (Princeton UP, 2021), “we tend to accept that when firms do well, the economy does well”, even when that's not true. The rising tide, in some cases, does not lift all boats. Even when a few strong players have outsized gains, the rest of the market can suffer. These trends have a ripple effect over ti...
Jul 29, 2024•1 hr 11 min•Ep. 154
The struggle against neoliberal order has gained momentum over the last five decades – to the point that economic elites have not only adapted to the Left's critiques but incorporated them for capitalist expansion. Venture funds expose their ties to slavery and pledge to invest in racial equity. Banks pitch microloans as a path to indigenous self-determination. Fair-trade brands narrate consumption as an act of feminist solidarity with women artisans in the global South. In Capitalist Humanitari...
Jul 21, 2024•1 hr 13 min•Ep. 471
In Goliath: The 100-Year War Between Monopoly Power and Democracy (Simon & Schuster, 2019), Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today's bitter recriminations and panic represent more than just fear of the future, they reflect a basic...
Jul 20, 2024•55 min•Ep. 144
Inequality is America's biggest problem. Unions are the single strongest tool that working people have to fix it. Organized labor has been in decline for decades. Yet it sits today at a moment of enormous opportunity. In the wake of the pandemic, a highly visible wave of strikes and new organizing campaigns have driven the popularity of unions to historic highs. The simmering battle inside of the labor movement over how to tap into its revolutionary potential--or allow it to be squandered--will ...
Jul 19, 2024•54 min•Ep. 190
There is no shortage of books on the growing impact of data collection and analysis on our societies, our cultures, and our everyday lives. David Hand's new book Dark Data: Why What You Don't Know Matters (Princeton University Press, 2020) is unique in this genre for its focus on those data that aren't collected or don't get analyzed. More than an introduction to missingness and how to account for it, this book proposes that the whole of data analysis can benefit from a "dark data" perspective—t...
Jul 08, 2024•1 hr 18 min•Ep. 52
Daniel Susskind examines the brief and powerful history of economic growth and puts it into perspective with human prosperity in Growth: A History and a Reckoning (Harvard UP, 2024). Susskind acknowledges the tremendous benefits of economic growth, which he credits with freeing billions of people from poverty and allowing us to live longer and healthier lives. He also recognizes the real and substantial costs of our relentless pursuit of growth at the expense of other considerations and moral ch...
Jul 03, 2024•1 hr 6 min•Ep. 153
Balihar Sanghera and Elmira Satybaldieva’s Rentier Capitalism and Its Discontents: Power, Morality and Resistance in Central Asia (Palgrave MacMillan, 2021) evaluates today’s economic political, social and ecological crises through the lens of rentier capitalism and countermovements in Central Asia. Over the last three decades, the rich and powerful have increased their wealth and political power to the detriment of social and environmental well-being. But their activities have not gone unchecke...
Jul 02, 2024•1 hr 7 min•Ep. 36
Listen to this interview of Darja Smite, Professor of Software Engineering at Blekinge Institute of Technology, Sweden, and also research scientist at SINTEF; and, Jarle Hildrum, Director, Deloitte Consulting, Norway; and also, Daniel Mendez, Professor of Software Engineering at Blekinge Institute of Technology, Sweden, and as well, Senior Scientist heading the research division Requirements Engineering at fortiss. We talk about their paper Work-from-home is here to stay: Call for flexibility in...
Jun 29, 2024•58 min•Ep. 179
Over the course of the Vietnam War, the United States dropped 500,000 tons of bombs over Cambodia—more than the combined weight of every man, woman, and child in the country. Fifty years after the last sortie, residents of rural Cambodia are still coping with the unexploded ordnance that covers their land. In When the Bombs Stopped: The Legacy of War in Rural Cambodia (Princeton UP, 2024), Erin Lin investigates the consequences of the US bombing campaign across postconflict Cambodia. Drawing on ...
Jun 28, 2024•54 min•Ep. 724
In 2012, to stave off the collapse of their currency union, Europe’s leaders sought to end the so-called “doom loop” between the solvency of their governments and their banking systems. Two years later, a banking union was born. Created as a crisis response, like the postwar coal and steel community, this ten-year-old union is another step in Europe’s long integrationist road. Yet – as Nicolas Véron points out in Europe’s Banking Union At Ten: Unfinished Yet Transformative (Bruegel, 2024) - the ...
Jun 28, 2024•43 min•Ep. 34
Amy Schiller, who spent a number of years working in both political and major gift fundraising, has a new book detailing some of the fundamental problems currently afflicting American philanthropy and how to correct some of these problems. Schiller, a political theorist currently at Dartmouth College’s Society of Fellows, brings two important perspectives to her research in The Price of Humanity: How Philanthropy Went Wrong—And How to Fix It (Melville House, 2023)—combining her experience in the...
Jun 27, 2024•49 min•Ep. 720
Germany and China: How Entanglement Undermines Freedom, Prosperity and Security (Bloomsbury, 2024) is a groundbreaking book, of which the findings have significant implications both for German-China relations and also in understanding the rising influence of autocratic China on liberal democracies globally. In today's interview, Associate Professor Andreas Fulda and I spoke about Germany's entanglement with China, and the extent of Germany's dependancies on China in terms of economics, technolog...
Jun 22, 2024•1 hr•Ep. 223
In recent years, philanthropy, the use of private assets for the public good, has come under renewed scrutiny. Do elite philanthropists wield too much power? Is big-money philanthropy unaccountable and therefore anti-democratic? And what about so-called "tainted donations" and "dark money" funding pseudo-philanthropic political projects? The COVID-19 pandemic has amplified many of these criticisms, leading some to conclude that philanthropy needs to be fundamentally reshaped to play a positive r...
Jun 19, 2024•38 min•Ep. 222
How do unequal societies function? In Holding It Together: How Women Became America's Safety Net (Portfolio, 2024), Jesscia Calarco, an Associate Professor of Sociology at the University of Wisconsin-Madison, examines how America’s DIY society depends on the labour of mothers and excludes the sorts of social supports present in other countries. This dependence has hugely negative social and individual consequences, as demonstrated by the rich qualitiative and quantitative data examined in the bo...
Jun 15, 2024•46 min•Ep. 464
With the rapid development of artificial intelligence and labor-saving technologies like self-checkouts and automated factories, the future of work has never been more uncertain, and even jobs requiring high levels of human interaction are no longer safe. The Last Human Job: The Work of Connecting in a Disconnected World (Princeton UP, 2024) explores the human connections that underlie our work, arguing that what people do for each other in these settings is valuable and worth preserving. Drawin...
Jun 15, 2024•31 min•Ep. 99
Why do international donors brand foreign aid? And what impact does it have on popular attitudes towards them? Join Matthew Winters and Petra Alderman as they talk about soft power, foreign aid branding, and popular attitudes towards USAID and Japan in India, Bangladesh, and Uganda. They discuss whether foreign aid branding works and address several tensions linked to this practice, including branding in the context of unequal North-South power relations and colonial legacies. Matthew Winters is...
Jun 13, 2024•37 min•Ep. 16
Think that today's debates about the role of the Federal Reserve Bank, financial regulation, "too big to fail", etc. are new? Think again. Who should control banks, who should regulate banks, what should banks even do--these questions have been debated since the founding of the Republic. Replace CNBC's David Faber with Alexander Hamilton, and Joe Kernan with Thomas Jefferson (or James Madison) and the arguments about banking, moral hazard, and regulation would be largely the same, though the att...
Jun 10, 2024•57 min•Ep. 5
Since coming to power in 2002, Turkey’s governing party, the AKP, has made poverty relief a central part of their political program. In addition to neoliberal reforms, AKP’s program has involved an emphasis on Islamic charity that is unprecedented in the history of the Turkish Republic. To understand the causes and consequences of this phenomenon, Zencirci introduces the concept of the Muslim Social, defined as a welfare regime that reimagined and reconfigured Islamic charitable practices to add...
Jun 07, 2024•32 min•Ep. 272
Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers deriv...
Jun 06, 2024•1 hr 8 min•Ep. 10
What is social mobility? In Social Mobility (Polity Press, 2023), Anthony Heath, an Emeritus Professor of Sociology at the University of Oxford and Yaojun Li, a Professor of Sociology at the University of Manchester, explore and explain this concept, setting out why the idea matters for both social scientists and the general reader. The book draws on a huge range of research, outlining the history of social mobility research, discussing central theories and approaches in sociology and economics,...
May 31, 2024•40 min•Ep. 460
Poverty is big business in America. The federal government spends about $900 billion a year on programs that directly or disproportionately impact poor Americans, including antipoverty programs such as the earned income tax credit, Medicaid, and affordable housing vouchers and subsidies. States and local governments spend tens of billions more. Ironically, these enormous sums fuel the “corporate poverty complex,” a vast web of hidden industries and entrenched private-sector interests that profit...
May 30, 2024•28 min•Ep. 183
The UAW's Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants (IRL Press, 2023) is the first in-depth assessment of the United Auto Workers' efforts to organize foreign vehicle plants (Daimler-Chrysler, Mercedes-Benz, Nissan, and Volkswagen) in the American South since 1989, an era when union membership declined precipitously. Stephen J. Silvia chronicles transnational union cooperation between the UAW and its counterparts in Brazil, France, Germany, and Japan and documents the d...
May 29, 2024•1 hr 5 min•Ep. 152
Dialysis is a medical miracle, a treatment that allows people with kidney failure to live when otherwise they would die. It also provides a captive customer for the dialysis industry, which values the steady revenues that come from critically required long-term care that is guaranteed by the government. Tom Mueller's six year deep dive into the dialysis industry has yielded his latest book, How to Make a Killing: Blood, Death, and Dollars in American Medicine (W. W. Norton, 2023). It's both an h...
May 29, 2024•1 hr 9 min•Ep. 218
On this episode of International Horizons, Francesco Duina, Charles A. Dana Professor of Sociology at Bates College and Luca Storti, Associate Professor of Economic Sociology at the University of Turin in Italy and a Research Fellow of the Ralph Bunche Institute for International Studies, discuss the rise of inequalities around the globe and the divergent attitudes towards them since 1970. How can those inequalities be broken down? In this week’s episode, Duina and Storti preview their book-in-p...
May 28, 2024•32 min•Ep. 147
