New Books in Economics

Subsumption in Kant, Hegel and Marx: From the Critique of Reason to the Critique of Society is the latest book from Dr Andres Saenz De Sicilia, an Assistant Professor of Philosophy at Northeastern University London. Andres’ excellent title, published with Brill and released in soft cover with Haymarket Books late last year, is an in-depth exploration of the concept of subsumption as it appears in the works of three great thinkers, and the relevance of the paradigm for modern critical theory.

In this book, Andres traces the concept of subsumption through Kant, Hegel, and Marx, in both its philosophical dimensions and its relevance to critical social theory. Andres examines the utilisation of subsumption as a conceptual framework whereby a particular is brought under a universal, up to the complex and dynamic operations of subsumption in modern-day capitalism, as a system that subsumes human life under the logic of value. As Andres illustrates through the intricate and careful argument in the book, following the use of subsumption in the work of these key theorists not only offers a new perspective to understand these thinkers, but helps articulate a historically-focused and robust framework to investigate the mechanisms of capitalist power. Of particular interest perhaps from a political economy perspective is Andres’ investigation of Marx’s journey through subsumption within the pages of Subsumption in Kant, Hegel and Marx, and also how the theoretical framework of subsumption helps us understand production and social reproduction under capitalism.

Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press.
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In Oklahoma, one out of every six residents is poor. One in five children lives in poverty and faces food insecurity. In Hungry Oklahoma: Confronting Poverty and Food Insecurity (U Oklahoma Press, 2026), native son and sociologist Robert Lee Maril follows in the tradition of the national bestsellers Nickel and Dimed and Evicted to illuminate the lived experience of poverty and food insecurity in communities across the state.

Maril's account is immediately personal. He begins with "guests," as shoppers are called by volunteers, waiting in line in the sweltering heat one summer for "Thy Will Be Done," a food pantry, to open. Unable to afford air conditioning, some guests don't buy foods that would spoil on the counter. One woman, Norma, carefully places only canned vegetables in her cart. When she returns to her twenty-year-old pickup, in the truck bed are lawn chairs, blankets, and pans-everything she owns. "The landlord told us this morning we was homeless," Norma says. "I'm not thinking straight."

Drawing on interviews and participant-observation data from his volunteer work at a food pantry, as well as census and sociological data, Maril documents in rich ethnographic detail the status of poverty and low-wage workers in the state today and within historical context. He explores how institutions-such as faith-based organizations, government, and food pantries-structure and shape experiences of poverty. While Maril celebrates the nonprofit and faith-based efforts that make a difference, this book also is critical of conditions and stereotypes that have entrenched poverty in the state.

Hungry Oklahoma ultimately suggests that persistent and pervasive poverty can be eliminated. Its moving accounts of real Oklahomans and their experiences make it a clarion call for not only those interested in policy issues but all Oklahomans who want a better today and tomorrow for those who call the state home.
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What’s going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump.

Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China’s massive consumer market and deep manufacturing base? The answer: No.

Joe Ngai is a McKinsey senior partner and chairman of the firm’s offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China’s 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China’s “Person of the Year 2025” list.

Nick Leung is a McKinsey senior partner and member of McKinsey’s global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm’s independent research arm, where he directs research on macroeconomics, global trade, and geopolitics.

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.
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Authoritarian Markets explores the political foundations of China's banking boom and its far-reaching impact on the Chinese economy.

In
1978 China had no commercial banks. Today it commands the world's
largest banking system, with assets equal to 40 percent of global GDP.
In Authoritarian Markets: The Politics of China's Banking Explosion
(Cornell University Press, 2026), Dr. Adam Y. Liu argues that this rise
was not the product of market reforms but of political bargains and
bureaucratic mobilization.

In
the 1990s, Beijing issued bank licenses as bargaining chips—securing
cooperation from local governments as it pushed through painful reforms.
The result was a sprawling, competitive banking market built not in spite of authoritarian rule but because of it.

Drawing
on interviews, spatial data, census records, surveys, and experiments,
Dr. Liu reveals how local state banks became both engines of China's
growth and incubators of its current economic risks. Eye-opening and
persuasive, Authoritarian Markets offers fresh insight into the political logic of market development in China and authoritarian states worldwide.

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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Peoples & Things host, Lee Vinsel, talks with Lana Swartz, Associate Professor of Media Studies and Shannon Mid-Career at the University of Virginia, where she runs the Digital Cultures and Economies Lab. Swartz is a creative and wide-ranging thinker and researcher. The pair focuses on Swartz's book, New Money: How Payment Became social media, and talks about her recent work on youth money cultures and on the rich business and media dimensions of contemporary nail artists and salons.
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