New Books in Economics

In the first half of the twentieth century, Asia's colonial trade, commerce, and enterprise pivoted on five cities- Shanghai, Hong Kong, Singapore, Calcutta, and Bombay. Today, among these, only Calcutta no longer plays a significant role in the Asian or global economy. Why? Agents of Inertia: Business, Urban Crisis, and Economic Decline in Twentieth-Century Calcutta (Cambridge UP, 2026) answers this question by investigating how Calcutta's British and Indian businesses have engaged with the city's infrastructural and economic challenges. It throws up a startling result: through the first seven decades of twentieth century, Calcutta's businesses, in contrast to their counterparts elsewhere, staunchly resisted several measures that intended to update and improve the city's infrastructure. It is this resistance, Agents of Inertia argues, that led to Calcutta's postcolonial urban crisis and contributed to capital- flight and economic decline. One of the first full-length monographs on Calcutta's postcolonial urban-economic decline, it shows how big businesses not only make but can also break a city's fortunes.

Gaurav C. Garg is a historian of modern South Asia, cities, mountains, and international development at Ashoka University, Delhi NCR.

Soumyadeep Guha is a fifth-year PhD student in the History Department at Binghamton University, New York. He is interested in historical research focusing on themes such as Agrarian/Environmental History, History of Science and Tech, Global History, and their intersections. His prospective dissertation questions are on the pre-history of the ‘Green Revolution’ in Eastern India.

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The oil industry today sponsors dozens of citizen advocacy organizations. Often called 'front groups' or 'astroturf,' they have become key actors in fossil fuel companies' political efforts across the US and Canada. People For Oil: Citizen Mobilization in the U.S. and Canadian Fossil Fuel Industries (Cambridge UP, 2026) by Dr. Tim Wood digs into these groups and the day-to-day ways they shape our energy future. Drawing on interviews with pro-oil organizers and citizen joiners, Dr. Wood explains why these groups form, why people join, and how these organizations intervene in governance. He shows that while we tend to think of all corporate grassroots mobilization as financially secretive, many campaigns today are openly sponsored and long-lasting. This allows industry lobbyists to stake a claim to representing citizen voice. By making sense of the backstage logics and affective politics of pro-oil organizing, People for Oil equips readers to better understand important new players in today's climate and energy politics.
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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In 2018, Gyula Remes died in the underpass at Westminster tube station, just steps from the Houses of Parliament and luxury developments worth millions. How could this happen in one of the richest cities on Earth?
Episode one introduces Gyula and the world he died in: a Westminster plagued by the twin crises of homelessness and empty homes. In a London borough where extreme wealth exists alongside extreme poverty, Kojo traces the circumstances of Gyula’s death and a troubling question emerges.
What begins as a local tragedy opens the door to a much larger system, which we open onto a strange land called ‘offshore’.
Kojo Karam is a Professor in Law and Political Economy at the School of Law at Loughborough University.

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In this episode, I had the privilege of speaking with Maude Barlow, who has spent decades at the center of the global water justice movement. She is the honorary chairperson of the Council of Canadians, a co-founder of the Blue Planet Project, and served as senior advisor on water to the president of the United Nations General Assembly, where she helped win the 2010 resolution recognizing water as a human right. She has written or co-written nearly twenty books, including Blue Gold, Blue Covenant, and Still Hopeful. Her latest book, Earth for Sale: The Fight to Stop the Last Plunder of the Commons, was published by ECW Press in 2026.
Most of us agree the natural world is in crisis. Barlow's prescient warning is about who we are trusting to fix it. Governments, claiming they cannot afford conservation on their own, are inviting the same energy, chemical, agribusiness, and bottled water corporations that caused the damage to manage the recovery. On the theory that the best way to save nature is to put a price on it. Behind friendly terms like "nature-based solutions" and "ecosystem services" lies a fast-growing market in carbon credits, debt-for-nature swaps, biodiversity offsets, conservation bonds, and water futures. Drawing on detailed examples from around the world, Barlow argues that this financialization of nature is a false solution. It is one that too few people, including many environmentalists, have noticed, and she makes the case for keeping the stewardship of the commons in public and community hands.
Our conversation ranges from the rights of nature movement and the trouble with carbon trading to the new colonialism of finance conservation, the global water wars, and why, after a lifetime of activism, she still believes hope is a moral imperative. As I mention in the episode, what struck me even before we spoke is how well researched the book is, with every issue illuminated clearly and backed by a wide array of sources. It is one reason I am passionate about people reading it. Please enjoy getting to learn more about Maude and her work in this interview.

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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.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.