Has the euro been wrongfully scapegoated for the eurozone’s economic crisis? In his new book, Europe’s Orphan: The Future of the Euro and the Politics of Debt, leading economist Martin Sandbu says that it has, arguing that the problems lie not with the euro itself, but with decisions made by policymakers. Sandbu was recently interviewed by Martin Wolf, Financial Times chief economics commentator. You can watch the video here:
Presenting Richard Bourke’s new video discussion of “Empire and Revolution: The Political Life of Edmund Burke”
Edmund Burke was arguably one of the most captivating figures in turbulent eighteenth-century life and thought, but studies of the complex statesman and philosopher often reduce him to a one dimensional defender of the aristocracy.
Richard Bourke, professor in the history of political thought and codirector of the Centre for the Study of the History of Political Thought at Queen Mary University of London, has written a multifaceted portrait that depicts Burke as a philosopher-in-action who evaluated the political realities of the day through the lens of Enlightenment thought. The book also reconstructs one of the most fascinating eras in the history of the British empire, a period spanning myriad imperial ventures and three European wars. PUP is excited to present this new video in which Bourke discusses Empire and Revolution: The Political Life of Edmund Burke:
Our Politics 2015 catalog is now available.
|In Sailing the Water’s Edge, Helen V. Milner and Dustin Tingley analyze how the different tools of foreign policy, including foreign aid, international trade, and the use of military force, have been used by the US since World War II. They shed light on the different forces at play that have helped to shape our foreign policy, particularly the relationship between the president, Congress, interest groups, and the public.|
|Be sure to check out The Rise and Fall of Classical Greece by Josiah Ober. Ober brings to the table new sources in making his argument that ancient Greek superiority was no accident—it can be explained by innovations in politics and economics. You can read chapter one here and a Q&A with the author here.|
|Finally, don’t miss Empire and Revolution by Richard Bourke. At 1032 pages, this ambitious work cuts through many misconceptions about Edmund Burke and his ideas using a wide range of sources. Readers will be left with a thorough understanding of one of the preeminent statesmen of the late 18th century. We invite you to read the introduction here.|
For more information on these and many more titles in political science, scroll through our catalog above. If you would like to receive updates on new titles, you can subscribe to our email list.
It’s that time of year again! The air is saturated with the promise of cooler days ahead, the leaves are holding their breath, and school is nearly back in session. And that means one thing. Football season will soon be here. More specifically, college football. Princeton, as I’m sure you know, has quite the legacy in this area—dating back almost a century and a half.
To be precise, that legacy dates back all the way to November 6th, 1869: The day of the first official collegiate football game played between Rutgers and Princeton (then called The College of New Jersey).
Back then, the game was really a hybrid combining elements of rugby and modern-day soccer. Each team consisted of 25 players struggling to kick the ball into the opposing team’s territory. Reportedly, a mere 100 spectators gathered to watch the game, many of them sitting on a wooden fence. The players took the field, removing their hats, coats and vests in preparation for play. Speaking of attire, some believe that the “Scarlet Knights” nickname for Rutgers came to be at this game. To differentiate themselves from Princeton, some players sported scarlet-colored scarves, worn as turbans. Thus, the Scarlet Knights were born. Alas, Rutgers defeated Princeton that day, 6-4. Six to four you ask? That’s right. Even the score-keeping method was different back then.
What a far cry from college athletics today, especially football. If you’ve ever been to a college football game (especially a Division 1 game), you know what I’m talking about. In 2011, many colleges including Michigan, Ohio State, Alabama, and Texas, had over 100,000 fans in attendance at their games. Stadiums practically ooze their team’s colors and the roar of the crowd is deafening. Music pumps through unseen speakers and there are always a few dedicated fans that choose to doff their shirts in favor of painting their team’s colors and/or letters onto their bodies.
People take their college football very seriously these days. There are all different types of divisions, championships, and rankings that decide when and where they get to play. The ratings of the NCAA determine which schools get to play for all the marbles in postseason bowl games. Amy N. Langville and Carl D. Meyer discuss these types of ranking systems in their book Who’s #1?
The Science of Rating and Ranking.
The major differences between college sports in the 19th century and college sports today are significant. College athletics have become an integral part of the community of higher education and of society as a whole.
But the nature of college sports today are troubling to some. On the one hand, college athletic programs serve to bring communities together and unite people who otherwise wouldn’t share any common ground. In Gaming the World Andrei Markovits and Lars Rensmann reflect on and explain how sports influence our daily lives and help to confirm a certain local, regional, and national identity. These programs also promote health and wellness at colleges nationwide, which benefits students.
But on the other hand, many colleges and universities, in their constant need to compete with other institutions, sometimes redirect funds and other resources toward football or basketball while the academic side of the institution is forced to manage without those funds.
In addition to the funding problem, there is also an “underperformance” problem. In Reclaiming the Game, William Bowen and Sarah Levin explore the academic experiences of college athletes and other students. In one of their studies they’ve found that recruited athletes at some schools are four times more likely to achieve admission than are other students (non-athletes) with similar academic qualifications. They also show that the typical recruit is more likely to end up in the bottom third of the college class than are other students and non-athletes.
It’s safe to say that the feverish fandom of college athletics can either boost or take away from the institution itself and the college experience. What’s your opinion on the matter?
If the impact of sports is a topic that interests you, and you’re intrigued by unusual applications, also check out Ignacio Palacios-Huerta’s Beautiful Game Theory. Palacios-Huerta uses soccer as a lens to study game theory and microeconomics, covering such topics as mixed strategies, discrimination, incentives, and human preferences. Palacios-Huerta makes the case that soccer provides “rich data sets and environments that shed light on universal economic principles in interesting and useful ways.”
PS: Not to worry, Princetonians – we didn’t make a habit of losing to our northern neighbor. On May 2nd, 1866, in the first intercollegiate athletic event in Rutgers history, the Rutgers baseball team lost to Princeton, 40-2. Quite the slaughter! And Rutgers may have ended up winning the first football game 6 to 4, but a week later Princeton won the next match at home, 8 to 0.
A rematch is also on the horizon! If you’ve done your math right (and I’m sure you have) the 150th anniversary of the historic football game takes place in 2019. There have been talks of a rematch for this upcoming anniversary. Read more here.
Image credit: State Archives of Florida, Florida Memory, https://floridamemory.com/items/show/11389
Do you have a weakness? Of course you do. Which means, according to Nobel Prize-winning economists George Akerlof and Robert Shiller, you have probably been “phished” for a “phool.”
We tend to think of phishing as the invisible malevolence that led our grandparents to wire money to Nigeria, or inspired us to click on a Valentine’s day link that promised, “someone loves you,” and then promptly crashed our hard drive. But more generally understood, “phishing” is inseparable from the market economy of everyday life. As long as there is profit to be made, psychological weaknesses will be exploited. For example, overly optimistic information results in false conclusions and untenable purchases in houses and cars. Health clubs offer overpriced contracts to well-intentioned, but not terribly athletic athletes. Credit cards feed dramatic levels of debt. And phishing occurs in financial markets as well: Think of the legacy of mischief at work in the financial crises from accounting fraud through junk bonds and the marketing of derivatives.
Ever since Adam Smith, the central teaching of economics has been that the invisible hand of free markets provides us with material well-being. In Phishing for Phools, Akerlof and Shiller challenge this insight, arguing that markets are far from being essentially benign and don’t always create the greater good. In fact, markets are inherently filled with tricks and traps.
We are thrilled to introduce this new video trailer in which Robert Shiller talks about his new book with George Akerlof, Phishing for Phools:
Our Sociology 2015 catalog is now available.
Don’t miss The Process Matters, a forthcoming title by Joel Brockner that looks at business through the lens of the process rather than the results. Real word case studies support his argument that incorporating input, consistency, and accountability lead to effective business management.
In Phishing for Phools, Nobel Prize-winning authors George A. Akerlof and Robert J. Shiller shed light on how deception plays a key part in our economic system, showing us that it can be harmful as well as beneficial through a wide range of stories. Ultimately, the book is hopeful that we can mitigate the harmful side effects of a thriving free market through education and reorganization.
David Grazian reveals our prejudices surrounding nature and the animal kingdom in American Zoo, a study of a classic attraction. If you’re attending the American Sociological Association (ASA) 2015 Annual Meeting, you can meet the author at a book signing on Sunday, August 23 from 2pm-3pm!
Finally, PUP is pleased to bring out the following ASA award-winning titles in paperback:
We invite you to scroll through our catalog above to see these and many more sociology titles!
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Leah Wright Rigueur, author of The Loneliness of the Black Republican, appeared on CNN’s “Top of the Hour” with Brooke Baldwin to address Ben Carson’s allegation that “Black Lives Matters” is creating strife. Check out her commentary here.
The Loneliness of the Black Republican provides a new understanding of the interaction between African Americans and the Republican Party, and the seemingly incongruous intersection of civil rights and American conservatism.
Leah Wright Rigueur is assistant professor of public policy at the Harvard Kennedy School of Government.
The introduction is available here.
PHISHING FOR PHOOLS and CLIMATE SHOCK included in the long list for FT & McKinsey Business Book of the Year Award
The long list for the FT & McKinsey Business Book of the Year Award has been published, and we’re thrilled to see that two Princeton University Press titles have been included. Nobel Prize winners George Akerlof and Robert Shiller’s new book on on economic trickery, Phishing for Phools, and Gernot Wagner and Martin Weitzman’s examination of the global crisis of climate change, Climate Shock have both been listed in the top 15. Other titles appearing include Ashlee Vance’s biography of Elon Musk, Martin Ford’s study of jobs and automation, The Rise of the Robots, and Anne-Marie Slaughter’s take on how to narrow the gender gap, Unfinished Business.
Read more about this year’s long listed titles and the other books recognized during the award’s 11-year history here.
The shortlist of up to six finalists will be published on September 22nd. The £30,000 prize will be awarded on November 17th in New York.
On August 6 and 9, 1945, 70 years ago this week, the terrifying images of mushroom clouds rising over devastated cities were seared into the public consciousness. Atomic bombs, the result of an unprecedented collaboration between some of the greatest scientific minds of their generation, had decimated the Japanese cities of Hiroshima and Nagasaki. Tens of thousands of civilians were killed instantly, and in the days and months that followed, thousands more would suffer and die from radiation sickness and burns. The shocking display of military power and the vast human toll was unlike anything the world had seen. Whatever “nuclear” meant prior to August 6, it entered the lexicon that day as a term synonymous with uncontrolled destruction.
Most Americans believe that the Second World War ended because the two atomic bombs dropped on Japan forced it to surrender. But according to Michael Gordin’s Five Days in August, (now available in e-book), the allied military did not clearly understand the atomic bomb’s revolutionary strategic potential. In fact, they were unsure whether the bombs would explode at all. But in the wake of the blasts and unparalleled ruin that did in fact occur, in the minds of many, physics became the science of war.
An interesting Princeton University Press historical note from Nature.com:
On the evening of 11 August 1945, just two days after the bombing of Nagasaki, the US government released Smyth’s 200-page document under the ponderous title, ‘A General Account of Methods of Using Atomic Energy for Military Purposes under the Auspices of the United States Government, 1940–1945’. Quickly dubbed ‘the Smyth report’, copies flew off the shelves. The original Government Printing Office edition ran out so quickly that Princeton University Press published its own edition late in 1945, under the more manageable title, Atomic Energy for Military Purposes, which sold more than 100,000 copies in a year.
The information contained in the Smyth report was heavily restricted for security reasons. But in a post-war and early cold war climate, atomic secrets were a hot commodity. Even today without the apocalyptic dread of The Day After, nuclear power remains a political and military preoccupation, as nations face the threat of terrorism, the problem of waste, and the danger of meltdown.
Gordin writes in Five Days in August, “Each generation has grappled intensely and repeatedly with understanding the implications of nuclearism for its future, but the struggle has always been caught in terms fixed, as if in amber, with the speed and suddenness with which World War II ended.” For more on the moral questions left in the wake of these five days, and a look at the confused final months of World War II, sample Chapter 1, titled Endings, here.
How well do many seasoned New Yorkers really know New York City? Chances are, few can claim the knowledge of all 6,000 miles quite like Professor of Sociology William Helmreich can. Inspired by childhood explorations with his father, Helmreich walked every block of New York City’s five boroughs, a mission that resulted in The New York Nobody Knows. This week, The New Yorker ran a fun video featuring Bill Helmreich and his walks. His unconventional portrait of New York City is due out in paperback this Fall.
From Joshua Rothman’s New Yorker piece accompanying the video:
Many New Yorkers daydream about exploring the areas of the city they don’t know. But actually doing it is incredibly difficult. Ten years ago, Ben McGrath wrote a Talk of the Town story about a man who walked all of Manhattan; that’s an impressive achievement, but even the dreariest Manhattan blocks are more interesting than the service road alongside the B.Q.E. Moreover, to walk all of New York within a reasonable time frame, you have to do it all year round; most likely, as Helmreich did, you’d also have to walk after dark. Helmreich wasn’t just game, in other words. He was dedicated. He allowed neither snow nor rain nor heat nor gloom of night to stop him from his appointed rounds.
You can sample chapter one of The New York Nobody Knows here.
William B. Helmreich is professor of sociology at the City University Graduate Center (CUNY) and the Colin Powell School for Civic and Global Leadership at the City College of New York.