Looking dapper in their tuxedos, 2013 Nobel in Economics co-winner Robert Shiller (r) and Princeton University Press Director Peter Dougherty (l) prepare for the awards ceremony today at the Stockholm Concer Hall in Sweden. Shiller, along with fellow economists Eugene Fama and Lars Peter Hansen (also a PUP author), were awarded the prize in October. Read all about winners of the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013, as it is officially called, on the official website.
Tobacco Capitalism tells the story of the people who live and work on U.S. tobacco farms at a time when the global tobacco industry is undergoing profound changes. Against the backdrop of the antitobacco movement, the globalization and industrialization of agriculture, and intense debates over immigration, Peter Benson draws on years of field research to examine the moral and financial struggles of growers, the difficult conditions that affect Mexican migrant workers, and the complex politics of citizenship and economic decline in communities dependent on this most harmful commodity.
Benson tracks the development of tobacco farming since the plantation slavery period and the formation of a powerful tobacco industry presence in North Carolina. In recent decades, tobacco companies that sent farms into crisis by aggressively switching to cheaper foreign leaf have coached growers to blame the state, public health, and aggrieved racial minorities for financial hardship and feelings of vilification. Economic globalization has exacerbated social and racial tensions in North Carolina, but the corporations that benefit have rarely been considered a key cause of harm and instability, and have now adopted social-responsibility platforms to elide liability for smoking disease. Parsing the nuances of history, power, and politics in rural America, Benson explores the cultural and ethical ambiguities of tobacco farming and offers concrete recommendations for the tobacco-control movement in the United States and worldwide.
Peter Benson is assistant professor of anthropology at Washington University in St. Louis. He is the coauthor of Broccoli and Desire: Global Connections and Maya Struggles in Postwar Guatemala.
Under the New Jersey State Constitution as interpreted by the State Supreme Court in 1975 and 1983, municipalities are required to use their zoning authority to create realistic opportunities for a fair share of affordable housing for low- and moderate-income households. Mount Laurel was the town at the center of the court decisions. As a result, Mount Laurel has become synonymous with the debate over affordable housing policy designed to create economically integrated communities. What was the impact of the Mount Laurel decision on those most affected by it? What does the case tell us about economic inequality?
Climbing Mount Laurel undertakes a systematic evaluation of the Ethel Lawrence Homes–a housing development produced as a result of the Mount Laurel decision. Douglas Massey and his colleagues assess the consequences for the surrounding neighborhoods and their inhabitants, the township of Mount Laurel, and the residents of the Ethel Lawrence Homes. Their analysis reveals what social scientists call neighborhood effects–the notion that neighborhoods can shape the life trajectories of their inhabitants. Climbing Mount Laurel proves that the building of affordable housing projects is an efficacious, cost-effective approach to integration and improving the lives of the poor, with reasonable cost and no drawbacks for the community at large.
Douglas S. Massey is the Henry G. Bryant Professor of Sociology and Public Affairs at Princeton University and director of its Office of Population Research. Len Albright is assistant professor of sociology at Northeastern University. Rebecca Casciano is the CEO of Rebecca Casciano, LLC. Elizabeth Derickson is a doctoral candidate in sociology at Princeton University. David N. Kinsey is lecturer of public and international affairs at Princeton’s Woodrow Wilson School and a partner in the planning consulting firm Kinsey & Hand.
As recently as the early 1970s, the news media was one of the most respected institutions in the United States. Yet by the 1990s, this trust had all but evaporated. Why has confidence in the press declined so dramatically over the past 40 years? And has this change shaped the public’s political behavior? This book examines waning public trust in the institutional news media within the context of the American political system and looks at how this lack of confidence has altered the ways people acquire political information and form electoral preferences.
Jonathan Ladd argues that in the 1950s, ’60s, and early ’70s, competition in American party politics and the media industry reached historic lows. When competition later intensified in both of these realms, the public’s distrust of the institutional media grew, leading the public to resist the mainstream press’s information about policy outcomes and turn toward alternative partisan media outlets. As a result, public beliefs and voting behavior are now increasingly shaped by partisan predispositions. Ladd contends that it is not realistic or desirable to suppress party and media competition to the levels of the mid-twentieth century; rather, in the contemporary media environment, new ways to augment the public’s knowledgeability and responsiveness must be explored.
Drawing on historical evidence, experiments, and public opinion surveys, this book shows that in a world of endless news sources, citizens’ trust in institutional media is more important than ever before.
Jonathan M. Ladd is associate professor of government and public policy at Georgetown University. He received his PhD in politics from Princeton University.
Spain’s development from a premodern society into a modern unified nation-state with an integrated economy was painfully slow and varied widely by region. Economic historians have long argued that high internal transportation costs limited domestic market integration, while at the same time the Castilian capital city of Madrid drew resources from surrounding Spanish regions as it pursued its quest for centralization. According to this view, powerful Madrid thwarted trade over large geographic distances by destroying an integrated network of manufacturing towns in the Spanish interior.
Challenging this long-held view, Regina Grafe argues that decentralization, not a strong and powerful Madrid, is to blame for Spain’s slow march to modernity. Through a groundbreaking analysis of the market for bacalao–dried and salted codfish that was a transatlantic commodity and staple food during this period–Grafe shows how peripheral historic territories and powerful interior towns obstructed Spain’s economic development through jurisdictional obstacles to trade, which exacerbated already high transport costs. She reveals how the early phases of globalization made these regions much more externally focused, and how coastal elites that were engaged in trade outside Spain sought to sustain their positions of power in relation to Madrid.
Distant Tyranny offers a needed reassessment of the haphazard and regionally diverse process of state formation and market integration in early modern Spain, showing how local and regional agency paradoxically led to legitimate governance but economic backwardness.
Regina Grafe is associate professor of history at Northwestern University.
Just in case you haven’t heard, Robert J. Shiller, a professor at Yale University, has won the 2013 Nobel Prize in Economics along with Eugene Fama and Lars Peter Hansen. Both Shiller and Hansen have published books with Princeton University Press before, so we are specially excited about this news!
To read a little more about these authors and this incredible accomplishment, click here.
In honor of these amazing gentlemen, we’ve put together a list of all 48 of the Nobel Prize winners that the Press has published. Some of the highlights include Woodrow Wilson, former President of Princeton University and the 28th President of the United States, and Albert Einstein, who published more than 300 scientific papers throughout his astounding academic career.
S. Y. Agnon
Philip W. Anderson
Robert J. Aumann
Peter A. Diamond
Val L. Fitch
Clive W. J. Granger
David J. Gross
Lars Peter Hansen
J. J. Heckman
William Arthur Lewis
Daniel L. McFadden
Douglass C. North
Christopher A. Pissarides
Edmund S. Phelps
Alvin E. Roth
Thomas J. Sargent
Lloyd S. Shapley
William F. Sharpe
Eugene P. Wigner
In the past three years alone, five authors published with the Press have won the Nobel Prize, all of which were for the Economic Sciences:
1) Robert J. Shiller is the best-selling author of Irrational Exuberance and The New Financial Order (both Princeton University Press titles), among other books. He is the Arthur M. Okun Professor of Economics at Yale University and a 2013 Nobel Prize winner.
2) Lars Peter Hansen is the David Rockefeller Distinguished Service Professor at the University of Chicago, where he is also the research director of the Becker Friedman Institute. He is a 2013 Nobel Prize winner. His most recent book, Recursive Models of Dynamic Linear Economies, was co-authored with Thomas J. Sargent, another Nobel laureate on this list.
3) Alvin E. Roth is the George Gund Professor of Economics and Business Administration in the Department of Economics at Harvard University, and in the Harvard Business School and the the Craig and Susan McCaw Professor of Economics at Stanford University. He won the Nobel Prize in 2012 and is the author of The Handbook of Experimental Economics.
4) Lloyd Stowell Shapley is a Professor Emeritus at UCLA, affiliated with departments of Mathematics and Economics. He won the Nobel Prize in 2012 “for the theory of stable allocations and the practice of market design.”
5) Thomas J. Sargent is professor of economics at New York University and a senior fellow at the Hoover Institution at Stanford University. His books include Rational Expectations and Inflation and The Conquest of American Inflation. Hansen and Sargent are the coauthors of Robustness. He was awarded the Nobel Prize in economics in 2011.
In this book, Thomas Blom Hansen offers an in-depth analysis of the uncertainties, dreams, and anxieties that have accompanied postapartheid freedoms in Chatsworth, a formerly Indian township in Durban. Exploring five decades of township life, Hansen tells the stories of ordinary Indians whose lives were racialized and framed by the township, and how these residents domesticated and inhabited this urban space and its institutions, during apartheid and after.
Hansen demonstrates the complex and ambivalent nature of ordinary township life. While the ideology of apartheid was widely rejected, its practical institutions, from urban planning to houses, schools, and religious spaces, were embraced in order to remake the community. Hansen describes how the racial segmentation of South African society still informs daily life, notions of race, personhood, morality, and religious ethics. He also demonstrates the force of global religious imaginings that promise a universal and inclusive community amid uncertain lives and futures in the postapartheid nation-state.
Thomas Blom Hansen is professor of anthropology and the Reliance-Dhirubhai Ambani Professor of South Asian Studies at Stanford University, where he also directs the Center for South Asia. His books include The Saffron Wave and Wages of Violence.
Drawing on newly opened archives in Russia and Kazakhstan as well as memoirs by actual prisoners, Barnes shows how the Gulag was integral to the Soviet goal of building a utopian socialist society. He takes readers into the Gulag itself, focusing on one outpost of the Gulag system in the Karaganda region of Kazakhstan, a location that featured the full panoply of Soviet detention institutions. Barnes traces the Gulag experience from its beginnings after the 1917 Russian Revolution to its decline following the 1953 death of Stalin.
Death and Redemption reveals how the Gulag defined the border between those who would reenter Soviet society and those who would be excluded through death.
Steven A. Barnes is associate professor of history and director of the Center for Russian and Eurasian Studies at George Mason University.
Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. The Founder’s Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team.
Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term.
The Founder’s Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost ten thousand founders.
People problems are the leading cause of failure in startups; The Founder’s Dilemmas offers solutions no entrepreneur can afford to ignore.
Noam Wasserman is an associate professor at Harvard Business School.
Cybelle Fox is selected as a top five finalist in the 2012 C. Wright Mills Award competition for her work in Three Worlds of Relief
In order for Fox to be considered for the award, she had to meet the requirements for the award to an “outstanding degree,” according to The Society for the Study of Social Problems’ criteria listed on the site:
- Critically addresses an issue of contemporary public importance.
- Brings to the topic a fresh, imaginative perspective.
- Advances social scientific understanding of the topic.
- Displays a theoretically informed view and empirical orientation.
- Evinces quality in style of writing. Explicitly or implicitly contains implications for courses of action.
- Explicitly or implicitly contains implications for courses of action