Ian Goldin on Ebola and the consequences of globalization

goldinIan Goldin, co-author (with Mike Mariathasan) of The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do About It, voiced (or rather, wrote) his opinion on the Ebola outbreak and the role globalization has played thus far. In his PBS Newshour article, which can be read in its entirety, here, Goldin states, “globalization does not only lead to the spreading of ‘goods,’ such as economic opportunity and vaccines, but also to the spreading of ‘bads,’ such as diseases, financial crises and cyber attacks.” Ebola is just the most recent “bad” to come from greater globalization.

Goldin’s solution to prevent future infectious disease outbreaks (and other “bads”)  may not be popular among government officials responsible for budgeting resources, but it may be the only option. Outbreaks, like we’ve seen with Ebola, might become more common in an age of higher population density and increased international travel, yet the organization most responsible for preventing the spread of these diseases, the World Health Organization (WHO), is terribly underfunded according to Goldin.

“A breakdown or absence of public health infrastructure is the driving factor in over 40 percent of infectious disease outbreaks internationally,” writes Goldin. He also notes that the international organizations–WHO, International Monetary Fund, World Bank and UN Security Council, to name a few–needed to handle international crises “lack the leadership, legitimacy or capability to manage the spill-overs of globalization or emergent threats” because “national governments have stymied vital reforms…and attempt[ed] to wrest power back from what they think are mysterious, distant institutions.”

Goldin concludes his article with an ultimatum: “In order to harvest the ‘goods’ of globalization we need to invest in the institutions that manage the ‘bads.’”

 

Final stop on the Gayborhood tour- Seattle, Washington

Ghaziani _ Elliott Bay_image

Amin Ghaziani will make his sixth and final stop of his There Goes the Gayborhood tour at Elliot Bay Book Company in Seattle, Washington at 7PM on December 12th. All of Amin’s previous events have been standing-room-only, people-spilling-out-of-the-doors types of events, so arrive early to grab a seat.

More information can be found on Elliot Bay Book Company’s website as December 12th gets closer.

If you’re in the area, be sure to catch this event!

Lara Deeb and Mona Harb win 2014 British-Kuwait Friendship Society Prize in Middle Eastern Studies

islamLara Deeb and Mona Harb, authors of Leisurely Islam: Negotiating Geography and Mortality in Shi’ite South Beriut, are this year’s winners of the British-Kuwait Friendship Society Prize in Middle Eastern Studies! The British-Kuwait Friendship Society awards a prize each year to the best scholarly work in English on the Middle East. Of Leisurely Islam, one reviewer wrote,

Leisurely Islam is a superb book, one that surpasses most studies of contemporary Middle Eastern cities with its sensitivity, its aliveness to theoretical exposition, with the coherence and fluidity of its writing, and with its extraordinary contribution not only to scholarship but to our general understanding – both political and social – of what leisure might mean in the context of a given neighbourhood, what the politics of a neighbourhood are, and how youth participate in both quotidian and high-level politics of their time.

The book is instructive for understanding the particular politics of Lebanon (Who are the people who support Hizbullah? What complex social relations and human lives does the term “Hizbullah stronghold” efface? What are the relationships between the youth in the Dahiya and the youth elsewhere in the city? How are sectarian lines drawn and maintained?), about youth politics today (How does the generational categories intersect with class and sect and gender?), and about what piety might mean in practice. In this latter instance, the book is perhaps most important. What it does is to show us the lived versions of piety rather than the one represented most often not only in mainstream media but also in scholarship. The piety and moral adherence in this book is supple, flexible, and bends to neoliberal and modern versions of economic and social life. That Deeb and Harb know their subject so well and provide such deep, rich, and detailed ethnographies and urban maps show us how impoverished a great deal of writing about faith and piety has become when it does not take account of the lived experiences of the pious subjects.

I really do think this book is one of the best books that has come out in Middle East Studies this year and more deserving of the Kuwait prize than any other book I have reviewed for the Prize over the last few years.”

For more information about the award, the ceremony, or the runners-up, click here. Congratulations to Lara Deeb and Mona Harb on the tremendous and well-deserved accomplishment!

Jason Weeden and Robert Kurzban on 2014 elections

weedenElections are almost always a polarizing event in this country, but Jason Weeden and Robert Kurzban, authors of The Hidden Agenda of the Political Mind: How Self-Interest Shapes Our Opinions and Why We Won’t Admit It, explain why it’s more complex than just liberals and conservatives going twelve rounds in the ring. Two days ago, The New York Times published Weeden and Kurzban’s opinion piece, Election 2014: Your Very Predictable Vote, and it has generated some internet buzz; over 500 comments have already been submitted.

The gist? Americans vote out of self-interest. The proof? “Unemployed people are more than twice as likely as people working full time to want unemployment benefits increased. African-Americans are by far the most likely proponents of affirmative action and government help for African-Americans. Rich white men are especially likely to oppose income redistribution.” Furthermore, but  unrelated to economic motivations, Weeden and Kurzban note, “People who want to have sex but don’t at the moment want babies are especially likely to support policies that ensure access to birth control and abortion. Immigrants favor generous immigration policies. Lesbians and gay men are far more likely to oppose discrimination based on sexual orientation. Those who aren’t Christian are far more likely to oppose discrimination based on religion.”

This all sounds like common sense, yet, there are many political scientists focused on the influence “parents and peers, schools and universities, political parties and leaders, and…’values’” have on American voters, and self-interest is overlooked. Weeden and Kurzban argue, “the most straightforward explanation, demographics, is also the most persuasive.” The authors go on to theorize as to what the United States might look like if policy was determined by polling residents:

“There would be greater spending on the poor, health care, Social Security and education. Immigration would be reduced. School prayer would be allowed. Anti-American speech by Muslims would be restricted. Abortion would be legal in cases of rape and fetal deformity, but illegal if the abortion was motivated by not wanting more children, by being poor, or by being single.”

So why doesn’t the United States look like this? Weeden and Kurzban have an answer for that too!

“Negotiations at the federal level result in more conservative economic policies, and more liberal social policies. That’s because they involve one set of highly educated, wealthy representatives negotiating with another, and the policies that result reflect their own core interests.”

You can read the article in its entirety, here and don’t forget to  pick up a copy of The Hidden Agenda of the Political Mind in time for the 2016 presidential election!

Rahul Sagar’s Secrets and Leaks wins 2014 Louis Brownlow Book Award

secretsThe National Academy of Public Administration (NAPA) recently announced its decision to award Rahul Sagar with the 2014 Louis Brownlow Book Award–the top book prize in the field of public administration.

Sagar’s book, Secrets and Leaks: The Dilemma of State Secrecy “examines the complex relationships among executive power, national security, and secrecy,”  and was chosen by the award committee for its “provocative and compelling arguments” and “for excellence in public administration literature, having provided new insights, fresh analysis and original ideas that contribute to the understanding of the role of public institutions and how they serve the public.” Sagar will receive his award (and give a plenary address) at the NAPA fall meeting in Washington, DC on Thursday, November 13th.

Congratulations Rahul Sagar on the awesome accomplishment!

Angela Stent on 25th anniversary of the fall of the Berlin Wall and her book The Limits of Partnership

angela stentOn November 9th, 2014, the world will join Berlin in celebrating the 25th anniversary of the fall of the Berlin Wall. Also on that day, PBS will air  Angela Stent’s American Forum discussion of the fall, as well as her book, The Limits of Partnership: U.S.-Russian Relations in the Twenty-First Century. The discussion, to take place today at 11:00AM at the University of Virginia Miller Center, can be live streamed here (for those of you who can’t wait until November 9th!).

Chris Hedges interviews Sheldon Wolin on The Real News.com

Journalist Chris Hedges of The Real News.com sat down with political philosopher and author of Democracy Incorporated: Managed Democracy and the Specter of Inverted Totalitarianism, Sheldon Wolin for a three hour interview to discuss the relationship between democracy and the citizenry. Broken up into roughly twenty minute segments, the first of eight interviews can be seen below.

 


bookjacket

Democracy Incorporated:
Managed Democracy and the Specter of Inverted Totalitarianism
Sheldon S. Wolin
With a new preface by the author

Winner of the 2008 Lannan Notable Book Award, Lannan Foundation

Princeton University Press’s #NewBooks for this week

Books released during the week of October 14, 2014
Economic Interdependence and War<br>Dale C. Copeland Economic Interdependence and War
Dale C. Copeland

“A landmark study, Economic Interdependence and War presents a novel and compelling argument about trade expectations and the prospects for peace and war among the great powers. This well-written and accessible book buttresses its argument with an extraordinarily valuable historical analysis of great-power interactions from the 1790s to the present day, and a superior intellectual engagement of the quantitative literature.”–Joseph Grieco, Duke University

Relentless Reformer: Josephine Roche and Progressivism in Twentieth-Century America<br>Robyn Muncy Relentless Reformer
Josephine Roche and Progressivism in Twentieth-Century America
Robyn Muncy

“Josephine Roche finally has her due, thanks to Robyn Muncy’s sparkling political biography. Policewoman and business owner, labor-relations and public-health pioneer, political insider and female outsider, Roche emerges warts and all as a slayer of inequality. More than an exercise in recovery, Relentless Reformer challenges conventional wisdom on the detrimental impact of private welfare on public programs as it charts the persistence of a democratic, state-centric progressivism over the course of the twentieth century.”–Eileen Boris, Hull Professor of Feminist Studies, University of California, Santa Barbara

Francis Fukuyama in conversation with David Runciman

Check out Francis Fukuyama’s and David Runciman’s discussion (or perhaps more accurately, debate) on “Democracy: Even the Best Ideas Fail.” This is part of the excellent programming from Intelligence Squared. The description for the event stated, “Professor Fukuyama comes to the Intelligence Squared stage where he will square up with one of Britain’s most brilliant political thinkers, David Runciman, to assess how democracy is faring in 2014.” You can watch the event below or download a podcast of the discussion here.


bookjacket

The Confidence Trap
A History of Democracy in Crisis from World War I to the Present
David Runciman

Quick Questions for Nigel Dodd, author of The Social Life of Money

Nigel Dodd  is a professor in the Sociology Department at the London School of Economics (LSE). Dodd’s  interest in the sociology of money has led him to author The Sociology of Money: Economics, reason, and contemporary society (1994) and Social Theory and Modernity (1999), but it is his new book, The Social Life of Money, that we will discuss today. Besides teaching courses in Classical, Modern, and Contemporary Social Thought at the LSE, Dodd is also editor-in-chief of the British Journal of Sociology, and he has made several appearances on BBC World Service to discuss “various aspects of the 2007-9 financial crisis.”

Referring often to George Simmel’s Philosophy of Money (1907), The Social Life of Money is Dodd’s attempt to better understand and define the rapid and ever changing field of “money.” By reexamining the nature of money in the aftermath of the global economic crisis and by including thinkers such as Nietzsche, Benjamin, Bataille, Deleuze and Guattari, Baudrillard, Derrida, and Hardt and Negri—all of whom  fall outside the field of monetary theory—Dodd lays down the framework for understanding money in a different way.

Now, on to the questions!

Why did you write The Social Life of Money?

In the first instance, I wrote the book because although I could see what a varied and energetic field ‘money’ had become outside of economics, there were too many scholars who were simply not engaging with each other, but limiting their engagements to their own niche within the field. I even found that there were disagreements about terminology – for example, what some scholars claimed was ‘money’, others said was merely ‘currency’, and sorting out a way through this conceptual thicket wasn’t easy. So I wanted to write a book that brought this field together into a more coherent shape – not by synthesizing everything into one basic approach, but by providing a framework in which different approaches can speak to each other, and their relative insights brought to bear on important questions. I would describe myself as a ‘monetary pluralist’ – not wedded to a single theory of money but convinced that different theories work well according to context. So I wanted to write a book that gave expression to this, which was in a way a ‘celebration’ of intellectual multiplicity in monetary scholarship. Then, as I started to write the book as the financial crisis unfolded, I began to see this pluralism in a more practical way – these were not just different ways of theorizing money, but different ways of organizing it too that could make a serious contribution to debates about how our monetary systems could (or should) be changed in response to the crisis. I found that whereas money was being ‘blamed’ for the crisis by many mainstream commentators, it is in fact an important opportunity, a focal point for rethinking its role in society. However, while most debates about this are concerned with finding a single set of solutions, I sense that the best way forward is pluralism – we need not one ‘improved’ monetary system, but rather a range of different monetary forms that can address the many different problems (about financial exclusion, the dominance of big banks, monetary freedom, debt etc.) that the financial crisis exposed. So what started out as conceptual pluralism took on an increasingly practical character.


“I would describe myself as a ‘monetary pluralist’ – not wedded to a single theory of money but convinced that different theories work well according to context.”


What was the most interesting thing you learned from writing this book?

I learned three key things. First, I learned about an extraordinary range of brilliant work that has been undertaken by scholars from right across the social sciences into the nature of money. Since I first worked in this field in the early 1990s, there has been a tremendous explosion of interest in money as a social, political and cultural – not just an economic – phenomenon. There are some fantastic scholars working on money, and I hope that my book reflects the energy of an ever-changing field. Second, I learned that perhaps the greatest shift in our perception of money has been that it is increasingly being regarded by scholars as a force for positive social transformation. Whereas classical scholars tended to see money as something negative that was likely to disturb societies and communities, contemporary scholars are keen to view money as something that can be organized in such a way as to make a positive contribution to social change. This intellectually challenging as well as empowering. Third, I encountered hugely interesting writing about money in some very unexpected places, which I have tried to bring to the book as much as I can. So while the book covers the ‘usual suspects’ in the monetary field, it also looks to less common sources for its ideas, such as Nietzsche, Benjamin, Derrida and Bataille. None of these is a ‘monetary theorist’, but if anything this makes what they say about money even more interesting and worth hearing.

What do you think is the book’s most important contribution?

The book examines a very wide range of theories about the nature and purpose of money, and therefore presents readers with a tremendous variety of ideas about how money can be used and organized. This is hugely important today because the era in which ‘money’ was mainly what was defined and organized by the state is coming to an end. Alternative currencies – from electronic currencies such as Bitcoin to local currencies such as the Bristol and Brixton pound to forms of social lending – are growing at an astonishing rate today, and we need a greater range of conceptual tools in order to understand them. We also need to understand – and the book argues very strongly for this – that there are myriad ways of organizing our money, not just one ‘correct’ way. Money can be organized differently – by small groups and communities, nations or groups of nations, private organizations, and so on – according to what it is needed for. Some forms of money are designed to counter forms of social (and, specifically, financial) exclusion, while others are designed to bring communities together – or, in the case of Bitcoin, to bypass the constraints associated with major institutions such as banks and the states. There isn’t one ‘money’ that can do all of these things. In the future, we will become more and more used to interacting with a variety of different monies.

What is your next project?

I am excited by the idea that money can be used to transform society in a positive way, so I am embarking on a project that looks into the links between money and utopian thought and practice. This builds on the final chapter of The Social Life of Money. Once you start examining different theories of money, it becomes clear that almost all of them have a utopian strain. What I mean by this is that money gets associated with idealized forms of social and economic existence. The Euro was a recent – albeit flawed – example of this, because it was conceived as a means of uniting Europe socially, politically and culturally. There are lots of problems with this, of course: the idea that something like money might be used to bring people closer together, to forge a common identity, is quite problematic. But there is nothing new about this, there is a fascinating history of ways in which money has been used to achieve – or at least try to achieve – political and social ideals. Even Bitcoin could be described as utopian, because it is premised on the ideal of a currency that does not need to be regulated, does not need a sovereign authority in order to be valued, and is not controlled by large banks. The image of society behind Bitcoin, which is broadly libertarian, is troubling for some, inspiring for others. But again, here is an instance where money is being allied to broader ideals about freedom, identity and justice. So that will be my next project, to understand these links between money and utopianism in more depth.

What was the biggest challenge involved with bringing this book to life?

There were two main challenges. The first challenge was controlling the material, I had a huge amount of literature to go through and it kept on growing. I tried a number of different ways of organizing the chapters, and as a result, the book’s structure took a very long time to stabilize, indeed it didn’t really take its final shape until the last few months of writing. This made the writing process exhausting and stressful, because I was never really sure about how much progress I was making. I’m sure this isn’t unique; many colleagues seem to have had similar experiences. But there were periods when I felt the project would never come together. As it stands, I really like the group of chapters, and the order of chapters, that I came up with. Having a strong theme for each chapter – such as ‘guilt’ and ‘waste’, for example – provides a great focus. The second main challenge was in dealing with a fast-moving world. I started the book just as the financial crisis was in full swing, and this had an effect on the writing process that was both exhilarating and unsettling. I was very easily distracted at first, and found myself framing the book too closely in accordance with themes that were emerging from discussion of the crisis. There was also a vast amount being written about various aspects of the monetary and financial system, so I had to keep up with that literature as I was writing. Finally, there were prevailing uncertainties to deal with: once the Euro crisis was in full swing, I was writing about a currency that many commentators were saying could collapse any time soon. So, money was very much a moving target. I coped with this challenge by taking the arguments back to their theoretical core as much as possible.

What is the most influential book you’ve read?

In the money field it would have to be Georg Simmel’s Philosophy of Money (1907), which is a vast text that is packed with ideas. I first read it in 1988, and have been consulting it regularly ever since and finding new things to think about every time that I do. Simmel’s book plays quite a big role in The Social Life of Money. This is partly because I use his description of money as a ‘claim upon society’ to organize a number of the key arguments of the book. Once we realize that Simmel did not mean ‘society’ in the sense of a nation-state society, but rather had more fluid and flexible understanding of social life in mind – he uses the term ‘sociation’ to describe this – then one starts to see how his arguments can be used to frame the idea that money gains its value not from states and big banks, but rather from the multi-faceted practices of its users. In this sense, Simmel’s book is very much of ‘our’ time, because it resonates with arguments about wresting control of money away from large unwieldy institutions and restoring it to the ‘ownership’ of the people who use it. This explains why I was keen in the book to portray Simmel in a different way. We have become used to thinking of him as a critic of money, as someone who portrayed money as largely damaging to society, because of its cold and anonymous qualities. While such ideas are undoubtedly present in Simmel’s book, there are plenty of other ideas too, where he portrays money as culturally rich. Simmel was also something of a utopian, as I argue in the book’s final chapter. So one of the things I hope people gain from reading The Social Life of Money is a whole new perspective on a book they may have thought they could categorize in just one way.


 

bookjacket

The Social Life of Money
Nigel Dodd

New Politics Catalog!

Be among the first to browse and download our new politics catalog!

Of particular interest is The Silent Sex: Gender, Deliberation, and Institutions by Christopher F. Karpowitz and Tali Mendelberg. This book shows how the gender composition and rules of a deliberative body dramatically affect who speaks, how the group interacts, the kinds of issues the group takes up, whose voices prevail, and what the group ultimately decides. It argues that efforts to improve the representation of women will fall short unless they address institutional rules that impede women’s voices.

Also be sure to note Currency Politics: The Political Economy of Exchange Rate Policy by Jeffry A. Frieden. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates.

And don’t miss out on Caught: The Prison State and the Lockdown of American Politics by Marie Gottschalk. In this bracing appraisal of the politics of penal reform, Gottschalk exposes the broader pathologies in American politics that are preventing the country from solving its most pressing problems, including the stranglehold that neoliberalism exerts on public policy. She concludes by sketching out a promising alternative path to begin dismantling the carceral state.

More of our leading titles in politics can be found in the catalog. You may also sign up with ease to be notified of forthcoming titles at http://press.princeton.edu/subscribe/. (Your e-mail address will remain confidential!)

If you’re heading to the American Political Science Association annual meeting in Washington, DC August 28th-31st, come visit us at booth 301. See you there!

Foreign Editions of John Quiggin’s “Zombie Economics”

While you’re waiting for Timothy Verstynen and Bradley Voytek’s Do Zombies Dream of Undead Sheep? A Neuroscientific View of the Zombie Brain and Colin Adams’s Zombies and Calculus to come out this fall, be sure to check out these foreign editions of John Quiggin’s Zombie Economics: How Dead Ideas Still Walk among Us.

Quiggin’s book examines the fallout of the recent financial crisis, and suggests how we might avoid another one. Though the recession apparently invalidated many of the assumptions behind market liberalism, and demonstrated the instability of speculative investments, Quiggin shows how these ideas still live in the minds of politicians, economists, and the public. He argues that the only way to avoid the dangers of these “zombie economics” is to find an adequate replacement for the market liberalism that has dominated popular economic thought for decades. Zombie Economics was also co-winner of Axiom Business’s 2012 Gold Medal Book Award in Economics.

Photos courtesy of John Quiggin.

USA:

AmericanZombie

China:

ChineseZombie ChineseZombie2

Japan:

JapaneseZombie

Korea:

KoreanZombie

Finland:

FinnishZombie

Italy:

ItalianZombie

France:

FrenchZombie

Other undead enthusiasts may enjoy Daniel W. Drezner’s Theories of International Politics and Zombies. Drezner’s 2011 book imagines the responses of the world’s governments to a global zombie pandemic, imaginatively using the supernatural to examine real-world political concerns. The book earned an honorable mention for the Association of American Publishers’ 2011 PROSE Award in Government and Politics. A new “Revived Edition” will be out this October, featuring a heavily updated text and a new epilogue examining the cultural significance of zombies in the public sphere.

Recommended Reading:

 cover_zombieeconomics Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin
 4-10 Drezner_TheoriesZombies_cvr Theories of International Politics and Zombies by Daniel W. Drezner
 DoZombiesDreamOfUndeadSheep Do Zombies Dream of Undead Sheep? A Neuroscientific View of the Zombie Brain by Timothy Verstynen and Bradley Voytek
7-18 Zombies Zombies and Calculus by Colin Adams