New Books in Economics

When American churches face financial difficulties, a disproportionately high number of Black churches reorganize under chapter 11 bankruptcy. There are no easy explanations for this distinction: not location, denomination, leadership structure, or the reasons for the loans. In Forgive Us Our Debts: How Black Churches Use Bankruptcy to Survive (U Chicago Press, 2026), legal scholar Pamela Foohey asks why, then, Black churches account for two-thirds of all congregations that file for chapter 11 bankruptcy every year. 

Drawing on case studies of six Black churches and one white church, and 150 interviews with church leaders, members, and attorneys, Foohey finds answers in a long history of predatory lending. Unable to negotiate with recalcitrant loan officers, Black churches turn to the legal system to force reasonable concessions from lenders to prevent the stripping of their wealth and the destruction of their communities. While the structural discrimination remains, these churches have found in the bankruptcy system a refuge and some power to fight back.

This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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Understanding the world of art—particularly antiquities and archaeological artifacts—requires tracing how objects are removed from the ground, displaced by conflict or economic hardship, and ultimately reappear in the international art market. The odyssey of an artifact from its excavation site to an auction house, a private collection, or a museum display case raises a host of pressing concerns about the fragility of cultural heritage but also the global mechanisms that sustain its circulation. In recent years, growing awareness of a possible link between the illegal antiquities trade and terrorist financing has brought new scrutiny to regions marked by war and instability, particularly in the Middle East. In such places, archaeological sites are especially vulnerable to looting and illicit excavation, with the profits from these "blood antiquities" sometimes flowing back to fund further violence.

Art for War: Heritage Looting, Blood Antiquities, and the International Fight Against Terrorism Financing (Stanford UP, 2026) by Dr. Costanza Musu examines how this transformation in perception—from an archaeological concern to a matter of international security—reshaped the global response to antiquities trafficking. Viewing the trade through a security lens, the book offers scholars, policymakers, and students of international affairs a new way to understand how the protection of cultural heritage became entangled with the politics of counterterrorism and global security, sparking new debates over art, heritage, and security.

This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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B. Joseph Pine II is an internationally acclaimed author, speaker, and management advisor to Fortune 500 companies and entrepreneurial startups, and cofounder of Strategic Horizons. Previous books include The Experience Economy, which is credited with introducing the concept of “experience” to the business world, Authenticity, and Mass Customization.

Now, in The Transformation Economy: Guiding Customers to Achieve Their Aspirations (Harvard Business Press, 2026), Pine brings his clarifying lens to the Rosetta stone of transformation, the customer service experience. What’s the percentage of CEOs who have made a real commitment to the front-line customer service workers who so often serve as the public face of a company in call-center and other interactions? By Joe Pine’s count, odds are merely 5% is an honest answer—and a shame, for the Virtuous Circle means that happy employees mean happier customers, too, inevitably. This episode explores Pine’s vision to inspire customer service departments whose true mission isn’t just resolving complaints but instead serving as guides who help customers achieve the best version of themselves. To do so requires understanding the customer in a way a chatbot never can. To do so means ensuring that the customer service staff isn’t merely a warm body, they’re warm-hearted and given the skills to be empathetic. Want an episode that rings with conviction, this is it.

Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com.

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Beneath the Wage: Tips, Tasks, and Gigs in the Age of Service Work (Princeton UP, 2026) retheorizes capitalism from the perspective of the service economy, challenging conventional assumptions about how work is waged, regulated, managed, and automated Today, 80 percent of U.S. workers do service work, from delivering takeout to mopping floors to teaching. Each time we are handed a bag of groceries or a cup of coffee, call for a cab or have our homework graded, we confront both the enormity and the intimacy of the contemporary service sector. Do these jobs have anything in common? Who is doing this work? And what kind of labor politics does it generate? If service work has often been treated as a footnote to modern capitalism, Beneath the Wage reveals it as crucial to understanding how exploitation functions today. Uncovering a history that runs from eighteenth-century servants to present-day gig workers, Annie McClanahan retheorizes capitalism from the perspective of the service economy, challenging conventional assumptions about how work is waged, regulated, managed, and automated. Assembling a diverse set of sources for understanding and reimagining service work—from reality television and conceptual poetry to novels and workers’ own descriptions of what they do—McClanahan explores three paradigmatic types of contemporary service labor: superexploited tipwork, deskilled clerical microwork, and informalized gigwork. She shows how work done “beneath the wage” depends on racialized and gendered forms of economic domination, is often excluded from labor organizing and regulation, and yet has begun to generate a new politics of social reproduction and solidarity.

Annie McClanahan is Associate Professor of English at UC Irvine. Her first book, Dead Pledges: Debt, Crisis, and 21st Century Culture explores how U.S. culture responded to the collapse of the financialized consumer credit economy in 2008. She has published on topics like the rise of microeconomics and methodological individualism, the cultural history of economic stagnation, so-called “neoliberalism” and the history of the university, and the politics and theory of sexwork. 

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Making Sense of China's Economy (Routledge, 2023) untangles China’s complex economic structure, evolving issues and curious contradictions, and explains some key features of this most puzzling of global economic powerhouses. This book reveals how factors such as demographics, the initial stage of development in 1978, the transition away from full state ownership and central planning, the dual urban-rural society, and a decentralised governance structure have combined to shape the economy, its development and its reforms. It shows how the pragmatic and adaptive nature of China’s policymaking upends familiar perspectives and hinders simple cross-country comparisons. The book also explores crucial topics including the property market, debt accumulation and environmental challenges. In this book, Tao Wang innovatively weaves the multiple strands of China’s economy into a holistic and organic tapestry that gives us unique insights from both a Chinese and an international perspective. This book is critical reading for business leaders, investors, policymakers, students, and anyone else hoping to understand China’s economy and its future evolution and impact, written by a specialist who has studied the country from both inside and out.

Tao Wang is senior advisor at UBS Investment Bank in Hong Kong, and until recently was chief China economist at the firm.

Michael Leger is Policy Fellow at the Blavatnik School of Government, Oxford.

Lucas Tse is Examination Fellow at All Souls College, Oxford.

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In our increasingly distrusting and polarized world, accusations of hypocrisy are everywhere. But our attempts to stamp out hypocrisy may backfire, creating what Michael Hallsworth calls The Hypocrisy Trap. In his book The Hypocrisy Trap: How Changing What We Criticize Can Improve Our Lives (MIT Press, 2026) Hallsworth shows how our relentless drive to expose inconsistency between words and deeds can actually breed more hypocrisy and cynicism that corrodes our institutions. Through engaging stories and original research, he argues that while some forms of hypocrisy destroy trust and create harm, others reflect the inevitable compromises of human nature and complex societies. This book offers practical solutions for increasing consistency, navigating accusations wisely, and changing how we judge others’ actions.

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The Kurdish-populated Wan/Van Province is a major smuggling hub between Turkey and Iran. Kurdish smugglers cross this 180-mile-long land border, transporting everyday consumer goods—fuel, tobacco, sugar, and tea—as well as more illicit goods, and the province supports the financial, technical, and labor capacities that sustain these smuggling economies. As the Turkish state has enacted increasingly punitive anti-smuggling laws, smuggling has also become a site of contentious politics. Smuggling Law: Unsettled Sovereignties in Turkey’s Kurdish Borderlands (Stanford UP, 2025) explores anti-smuggling law enforcement and criminal prosecutions to reveal a key site—the criminal court—where borders and claims of sovereignty are simultaneously remade and disrupted.

Taking readers from border villages, mountain passes, and road checkpoints to courtrooms, law offices, and forensic laboratories, Fırat Bozçalı examines how Kurdish smugglers, with the help of their lawyers, legally disrupt state sovereignty in criminal courts. Kurdish smugglers and lawyers adopt and rework procedures, rules, and reasonings in ways that interrupt the courts' capacity to coopt, discipline, and oppress. Bozçalı theorizes this evasive engagement with the legal system as a strategy of techno-legal politics among marginalized and persecuted groups, one that extends beyond the Kurdish case. Smuggling Law holds profound relevance in today's world, where ever-expanding regimes of surveillance, oppression, and dispossession unfold in the broader contexts of the global war on terror and data-driven capitalism.

Fırat Bozçalı is Associate Professor of Anthropology at the University of Toronto.

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A provocative examination of the ways our economy has been rigged by financialization, and the importance of games to our dangerous political moment. In an age when capitalism feels like an unwinnable game, extreme reactionary ideas and politics are on the rise. The Hunger Games, Game of Thrones, Squid Game and much of reality TV are cultural reflections of a society of relentless, lonely competition, where each of us must become a player: a savvy risk-taker, a miniature corporation of one. But in a gamed economy we players feel played, and new forms of fascism promise harsh justice and revenge. This book theorizes the connections between the financialization of the capitalist economy, the gamification of our lives, and the rising threat of a uniquely twenty-first century form of fascistic politics. From vicious online swarmings to the QAnon conspiracy fantasy, from the siege of the US Capitol to the abuse of “free speech,” The Player and the Played: From Gamed Capitalism to 21st-Century Fascism with Max Haiven (MIT Press, 2026) analyzes the “playgrom” as a new form of extremist violence. Max Haiven explores how “derivative fascisms” both repeat and reinvent the terrors of the past in a financialized form. How have we learned to love the cheats who have power but loathe the cheats without it? It unpacks the worldbuilding (and world-destroying) urge of Silicon Valley. And it poses the urgent question: what is the antifascist game?

Rudolf Thomas Inderst (*1978) enjoys video games since the early 1980s. He received a master’s degree in political science, American cultural studies as well as contemporary and recent history from Ludwig-Maximilians-University, Munich and holds three PhDs in game studies (LMU Munich, University of Passau & University of Vechta). Currently, he's teaching as a professor for game design and game studies at the University of Applied Sciences Neu-Ulm HNU, Germany, holds the position as lead editor at the online journal TITEL kulturmagazin for the game section, and is editor of the weekly game research newsletter Game Studies Watchlist.

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As affordability crises once limited to coastal cities have spread across the broader United States, the history of home and land ownership has never been more relevant. In Property Values: The Rise and Fall of the American Homeowner (Princeton University Press, September 2026), Dr. Joshua Specht traces how ownership has challenged the nation’s politics and promise from the founding to the present day. 

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The twenty-first century has seen major transformations in the US electricity sector—but while the use of coal power wanes and the need for renewable energy becomes more urgent, financial actors maintain a complicating influence on the trajectory of energy transition. Brokers of Power: The Financialization of the US Electricity System (University of Minnesota Press, 2026) identifies changing patterns of investment intertwined with the shift from state-regulated electricity monopolies to a market-driven price model and the embrace of wind and solar hookups to the grid. 

Drawing from case studies such as catastrophic Winter Storm Uri that hit Texas in 2021 and in-depth interviews with people working in the electricity and financial sectors, Dr. Conor Harrison reveals how the various entanglements of private equity, investment banking, and financial modeling are shaping the future and raising the costs of this vital infrastructure. Today’s financial firms, he shows, are engaged in the electricity industry beyond matters of investment: they own electricity generation infrastructure, trade electricity on markets, capture federal renewable energy tax credits, and advise on electricity firm operating strategy. 

Looking beyond technology and policy, Dr. Harrison interrogates what it means to have powerful financial institutions as the primary agents of change in the fraught and ongoing energy transition. A timely and invaluable contribution to the fields of geography, environmental studies, and the energy social sciences, Brokers of Power is a cautionary account delving into the complexities surrounding the push for decarbonization. 

This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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