New Books in Economics

Money is everywhere in our daily lives. It lurks in the swipe of a
card at the grocery store, in looming student-loan debts, in the prices
of things we want, and in our subconscious navigation of the modern
world. In this revelatory book, economists Mason and Jayadev explain how
and why money is so deeply misunderstood by the world it dominates—as
well as the dangerous social implications of this misunderstanding. Against Money (University of Chicago Press, 2026) tackles
the most dearly held “truths” of economics, arguing that the world of
money has never been an impartial representation of the world of things.
Instead, its existence in different forms—debt, capital, liquidity, and
interest—increasingly shapes events in the real world rather than just
reflecting them. Sometimes money enables new forms of cooperation; more
often it facilitates domination. Human existence is not just facilitated
by money but also governed by it.

J.W. Mason is an Associate Professor of Economics at John Jay
College, City University of New York and a Senior Fellow at the
Groundworks Collective. He was formerly the Policy Director for the New
York State Working Families Party. Arjun teaches Economics at the
University. Arjun Jayadev is Professor of Economics at Azim Premji
University in India.
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Sustainability has become a touchstone for development worldwide,
promising an antidote to environmental degradation and capitalism's
excess: waste. Refusing Sustainability: Race and Environmentalism in a Changing Europe (Stanford University Press, 2025)
presents a fundamentally different account of sustainability and waste
itself by uncovering the intersections of international environmental
reforms and racialized labor. In Bulgaria, Roma comprise the bulk of the
country's waste workers, while anti-Roma racism casts them as socially
disposable. Without their labor, however, the country cannot meet the
sustainability targets required by the European Union. Drawing on
fieldwork that spans twenty years, including eleven months working
alongside Romani women street sweepers, and years embedded in waste
organizations, political campaigns, Roma NGOs, and activist groups,
Elana Resnick examines the power hierarchies that shape both waste
management and European geopolitics.

Instead of focusing on only environmental harms or toxic distributions, Refusing Sustainability approaches
Romani life-worlds as spaces of creative production, and also tells
several larger stories: of postsocialist racial capitalism,
environmental progressivism, democratic failures, mutual aid, and the
power of women's friendships. Through these stories, Resnick illuminates
how ordinary people, racialized as discardable, resist systems that
simultaneously rely on and exclude them.
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Tissa Richards is a leadership expert, keynote speaker, and the award-winning author of No Permission Needed and Rethinking Resilience: Fueling Your Competitive Advantage. Her mission is to help bold, high-capacity leaders become unshakable. A repeat tech founder and CEO who has raised millions in funding, Tissa advises a wide array of companies on innovation and performance.

In an era when trust is eroding, holding back and failing to communicate is a greater failing than ever. Rather than act like a turtle withdrawing into your shell, be bold: that’s the message here. The better route is to be in learning more, applying lessons learned from “failures” so that you can seize on the opportunities ahead. Most of all, remember that resiliency is a team sport; the lone hero won’t cut it in a world where exponential growth happens through the chemistry of a community that provides synergy. Case in point: Tissa mentions her interview with a former Executive at Campbell’s, whose Prickly Pear Council proved to be so successful in airing and resolving conflicts that eventually it no longer needed to exist.

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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Today I'm speaking with Mordecai Kurz, Joan Kenney Professor of Economics Emeritus at Stanford University. We are discussing his latest book, Private Power and Democracy's Decline: How to Make Capitalism Support Democracy (MIT Press, 2026). After its high-water mark several decades ago, democracy's status continues to slide globally. Capitalism and democracy, which once seemed to complement each other, now appear at odds. Free-market policies and monopolistic technologies have enriched many while driving inequalities that harm workers. Many have opined on how to fix the political and economic problems of our day, from an embrace of radical libertarian policy to socialist ownership of the means of production. Mordecai Kurz's extensive study of capitalism and democracy charts a path for balancing economic and political freedom. Since the days of Adam Smith, technology has changed rapidly, necessitating new formulations that take into account the private power centers that exercise control much like monarchies did in the Age of Enlightenment. Despite the imbalance, capitalism still remains a driver of technological progress and innovation. How can we make both capitalism and democracy work for the good of everyone? I'm happy today to get the chance to speak with such an illustrious scholar and to learn a bit more about how to understand this defining puzzle of our age.

Caleb Zakarin is CEO and Publisher of the New Books Network.
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The
number of people in the world with a bank account or money service
provider increased by 2 billion over the past decade. This phenomenon
reflects what Dr. Tyler Girard calls the global financial inclusion
agenda. This agenda emerged in the wake of the 2008 financial crisis and
quickly became a prominent feature of global economic governance. 

The
core idea of financial inclusion is that all individuals and businesses
should have access to and use formal financial services, including bank
accounts, payment services, credit, and insurance. Today, the
widespread ability to digitally store and transfer money has impacted
every aspect of our lives. What explains the emergence and evolution of
the global financial inclusion agenda? And what does the politics of
the agenda tell us about the impacts of new technologies on global politics and how ideas become global agendas? 

Drawing
on an original collection of primary documents and interviews with
elites from Ghana, the United Kingdom, the United States, and
Switzerland, Financial Inclusion: How an Idea Became a Global Agenda (Stanford University Press, 2026) traces the global financial inclusion
agenda over time and interrogates its adaptation in specific contexts
and issue areas. Through the concept of participatory ambiguity, Dr.
Girard offers a novel explanation of the agenda that advances important
debates in international relations and international political economy
on the distribution of power and authority in global governance.

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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