Economic Sociology

Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the "experts." Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory.

On October 1, 2015, Hurricane Joaquin barreled into the Bermuda Triangle and swallowed the container ship El Faro whole, resulting in the worst American shipping disaster in 35 years. No one could fathom how a vessel equipped with satellite communications and a sophisticated navigation system could suddenly vanish - until now. Relying on hundreds of exclusive interviews with family members and maritime experts, as well as the words of the crew members themselves - whose conversations were captured by the ship’s data recorder - journalist Rachel Slade unravels the mystery.

Dr. Arline T. Geronimus coined the term “weathering” to describe the effects of systemic oppression—including racism and classism—on the body. In Weathering, based on more than 30 years of research, she argues that health and aging have more to do with how society treats us than how well we take care of ourselves. She explains what happens to human bodies as they attempt to withstand and overcome the challenges and insults that society leverages at them, and details how this process ravages their health. And she proposes solutions.

In Poor Queer Studies, Matt Brim shifts queer studies away from its familiar sites of elite education toward poor and working-class people, places, and pedagogies. Brim shows how queer studies also takes place beyond the halls of flagship institutions: in night school; after a three-hour commute; in overflowing classrooms at no-name colleges; with no research budget; without access to decent food; with kids in tow; in a state of homelessness.

The shift toward automation is about to create a tsunami of unemployment. Not in the distant future - now. One recent estimate predicts 13 million American workers will lose their jobs within the next seven years - jobs that won't be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society? In The War on Normal People, Andrew Yang paints a dire portrait of the American economy. Rapidly advancing technologies like artificial intelligence, robotics, and automation software are making millions of Americans' livelihoods irrelevant.

From the Gilded Age until 1914, more than 100 American heiresses invaded Britannia and swapped dollars for titles - just like Cora Crawley, Countess of Grantham, the first of the Downton Abbey characters Julian Fellowes was inspired to create after reading To Marry An English Lord. Filled with vivid personalities, gossipy anecdotes, grand houses, and a wealth of period details-plus quotes and the finer points of Victorian and Edwardian etiquette - To Marry An English Lord is social history at its liveliest and most accessible.

In the COVID crisis, the beloved shepherd of over one billion Catholics saw the cruelty and inequity of our society exposed more vividly than ever before. He also saw, in the resilience, generosity, and creativity of so many people, the means to rescue our society, our economy, and our planet. In direct, powerful prose, Pope Francis urges us not to let the pain be in vain.

Living a Committed Life demonstrates the power of dedication that goes beyond the self and teaches how to live a committed life that enables you to draw on resources and capacities from your most authentic self. In five parts, Lynne Twist shows how to make and keep commitments, engage in individual and collective action, and discover ways to connect and collaborate to make a difference.

Growing up poor, Deborah Dundas knew what it meant to want, to be hungry, and to long for social and economic dignity; she understood the crushing weight of having nothing much expected of you. But even after overcoming many of the usual barriers faced by lower- and working-class people, she still felt anxious about her place, and even in relatively safe spaces reluctant to broach the subject of class. While new social movements have generated open conversation about gender and racism, discussions of class rarely include the voices of those most deeply affected: the working class and poor.

America, says Pulitzer Prize-winning reporter Chris Hedges, is convulsed by an array of pathologies that have arisen out of profound hopelessness, a bitter despair and a civil society that has ceased to function. The opioid crisis, the retreat into gambling to cope with economic distress, the pornification of culture, the rise of magical thinking, the celebration of sadism, hate, and plagues of suicides are the physical manifestations of a society that is being ravaged by corporate pillage and a failed democracy. All these ills presage a frightening reconfiguration of the nation and the planet.

Over 4,000 students gathered at the University of Michigan to hear Republican Party candidate Ron Paul speak. As he began to address the topics of monetary policy and the coming depression, a chant rose from the crowd, "End the Fed! End the Fed!" As dollar bills were lit on fire and thrown into the night skies, it became clear that the real problem, one that nobody in the media was talking about, was the central bank-an unconstitutional entity and a political, economic, and moral disaster.

Financial collapses - whether of the junk bond market, the Internet bubble, or the highly leveraged housing market-are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed.

Viennese ideas saturate the modern world. From California architecture to Hollywood Westerns, modern advertising to shopping malls, orgasms to gender confirmation surgery, nuclear fission to fitted kitchens—every aspect of our history, science, and culture is in some way shaped by Vienna. Richard Cockett gives us the entirety of an extraordinary story of how one city made the modern world—and how we all remain inescapably Viennese.

David Harvey's Companion to Marx's Grundrisse builds upon his widely acclaimed companions to the first and second volumes of Capital in a way that will reach as wide an audience as possible. Marx's stated ambition for this text is to reveal "the exact development of the concept of capital as the fundamental concept of modern economics, just as capital itself is the foundation of bourgeois society."

Health insurance, student loan debt, retirement savings, child care, work-life balance, access to home ownership - these are the issues driving America's current political debates. And they are all linked, as this brilliant and timely book reveals, by a single question: should we allow the free market to determine our lives? In the tradition of Naomi Klein's Shock Doctrine, noted economic commentator Mike Konczal answers this question with a resounding no. Freedom from the Market blends passionate political argument and a bold new take on American history....

In The Two-Parent Privilege, Melissa S. Kearney makes a data-driven case for marriage by showing how the institution's decline has led to a host of economic woes—problems that have fractured American society and rendered vulnerable populations even more vulnerable.

Inequality is up. Decent work is down. Free market fundamentalism has been exposed as a tragic failure. In a job market upended by COVID-19—with Canadians caught in the grip of precarious labour, stagnant wages, a climate crisis, and the steady creep of automation—an ever-louder chorus of voices calls for a liveable and obligation-free basic income.

Heather McGhee’s specialty is the American economy—and the mystery of why it so often fails the American public. From the financial crisis of 2008 to rising student debt to collapsing public infrastructure, she found a root problem: racism in our politics and policymaking. But not just in the most obvious indignities for people of color. Racism has costs for white people, too. It is the common denominator of our most vexing public problems, the core dysfunction of our democracy and constitutive of the spiritual and moral crises that grip us all.

In this endlessly fascinating book, New Yorker columnist James Surowiecki explores a deceptively simple idea that has profound implications: large groups of people are smarter than an elite few, no matter how brilliant. Groups are better at solving problems, fostering innovation, coming to wise decisions, even predicting the future.

Die Party ist vorbei. Der Crash ist da. Aus der Bankenkrise 2008 wurde über Nacht eine Krise der Weltwirtschaft. Da ist guter Rat teuer, und man beginnt sich an die Spekulationsblasen und Krisen der Vergangenheit zu erinnern. Kapitalismuskritik ist wieder in Mode, bleibt aber meist an der Oberfläche. Doch wie keinem anderen Ökonomen ist es vor 150 Jahren Karl Marx gelungen, die aberwitzigen Bewegungen des Kapitals und seinen Hang zur Selbstzerstörung zu beleuchten.