Power Lines – The Human Costs of American Energy in Transition
By: Sanya Carley, David Konisky – University of Pennsylvania, Indiana University
In the United States, the promise of a green-energy future is complicated by its realities. The country’s legacy energy systems are decrepit; the rollout of new technologies is unequal and piecemeal; households find themselves increasingly without reliable or affordable access; and Americans are excluded from the decisions that shape their energy futures. Having power in America has become an exercise in race, class, and wealth—in more ways than one.
Power Lines is a sweeping portrait of American energy in the twenty-first century, rendered in terms of its increasing—and inevitable—human costs. Coal miners in West Virginia lose their livelihoods as energy markets change; historically marginalized households cannot easily access new technologies; children in “sacrifice zones” adjacent to mineral-mining sites suffer health problems and limited resources; and cities and towns are burdened from the production of alternative energies.
Sanya Carley and David Konisky show current challenges and an uncertain future of America’s greatest policy imperative. The result is not only sobering but also essential for planning and pursuing a clean-energy transition that improves on the errors of the past.
The Invention of Infinite Growth – How Economists Came to Believe a Dangerous Delusion
By: Christopher F. Jones – Arizona State University
Most economists believe that growth is the surest path to better lives. This has proven to be one of humanity’s most powerful and dangerous ideas. It shapes policy across the globe, but it fatally undermines the natural ecosystems necessary to sustain human life. How did we get here? In The Invention of Infinite Growth, environmental historian Christopher F. Jones takes us through two hundred and fifty years of economic thinking to examine the ideal of growth, its powerful influence, and the crippling burdens many decisions made in its name have placed on us all. Jones argues that the pursuit of growth has never reflected its costs, because economists downplay environmental degradation. What’s worse, skyrocketing inequality and diminishing improvements in most people’s well-being mean growth too often delivers too little for too many. Jones urges economists to engage more broadly with other ways of thinking, as well as with citizens and governments to recognize and slow infinite growth’s impact on the real world.
Both accessible and eye-opening, The Invention of Infinite Growth offers hope for the future. Humans have not always believed that economic growth could or should continue, and so it is possible for us to change course. We can still create new ideas about how to promote environmental sustainability, human welfare, and even responsible growth, without killing the planet and ourselves.
Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000–2000
By: Avner Greif, Joel Mokyr, Guido Tabellini – Stanford University, Northwestern University, Bocconi University
In the eleventh century, when Europe was still backward and poor, China was a rich and sophisticated civilization. Yet Europe became the birthplace of democracy and the Industrial Revolution, driving the Great Enrichment, while China stagnated until the end of the twentieth century and was always ruled by autocracies. Two Paths to Prosperity traces the emergence of two very different social organizations in premodern China and Europe—the clan and the corporation—showing how they were key factors in the economic and political divergence of these two great civilizations.
In this landmark book, three leading economists offer a bold new account of why Europe and China evolved along such different trajectories. In the early Middle Ages, public goods like risk sharing, religious worship, education, and conflict resolution were provided by nonstate organizations in both societies. China increasingly relied on kin-based cooperation within clans, while weaker kinship ties in Europe gave rise to corporations such as guilds, universities, and self-governing towns. Despite performing similar functions, clans and corporations were built on very different principles—with lasting consequences until today.
Providing a novel answer to a fundamental question in economic and political history, Two Paths to Prosperity shows how extended kinship in Chinese society facilitated the consolidation of autocracy and hindered innovation and economic development, and how corporations in Europe influenced emerging state institutions and set the stage for the Industrial Revolution.
The Great Global Transformation
By: Branko Milanovic – City University of New York
Global neoliberalism is on its last legs, while a new international economic order is taking hold. Trade blocs, tariff wars, economic sanctions, and national champions are in; nationalism, anti-immigration movements and the far-right are on the rise. Liberalism is being rejected by the civic realm, as the status quo of the past fifty years crumbles. What remains in its wake?
Drawing on original research, leading economist Branko Milanovic reveals the seismic shifts that are shaping our world. He details the facts: how the rising economic power of Asia is creating a new global ‘middle class’ in the greatest reshuffle of incomes since the Industrial Revolution. He explores our fears: why are we becoming increasingly unhappy, when the world is becoming richer and more equal? And he shows us the fight ahead: as plutocracy returns, global war threatens, and a new system silently shapes our nations, driving malcontent to breaking point. In The Great Global Transformation, Milanovic provides an invaluable guide to the new 21st century.
