Economics & Business 2021

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Harvard University Press

Economics & Business 2021


New on Our Shelve s

The Power of Creative Destruction

Economic Upheaval and the Wealth of Nations Philippe Aghion • Céline Antonin • Simon Bunel

“Accelerating technological change, global warming, pandemics, individual and national stagnation, over-indebtedness: this century decidedly provokes anxiety. Armed with legitimate concerns, antiglobalization protestors and neo-Luddites look inwards and denigrate innovation. The Power of Creative Destruction offers another vision, more persuasive and based on the innovation that creates wealth and jobs...Provocative and rigorous, this book is an important milestone in our reflections on the future of our societies. A must-read.” —Jean Tirole, Nobel Laureate, Toulouse School of Economics Belknap Press 166 illus., 11 tables 416 pp. $35.00 • £28.95 cloth 9780674971165

You’re Paid What You’re Worth And Other Myths of the Modern Economy Jake Rosenfeld “A flat-out revelation of a book by one of the nation’s top scholars of the labor market, You’re Paid What You’re Worth is required reading for anyone who cares about the future of work in America...Rosenfeld dispels one myth after another about how the modern economy works and champions thoughtful solutions for how American prosperity can once more lead to broad social uplift.” — Matthew Desmond, author of Evicted Belknap Press 10 illus. 384 pp. $29.95 • £23.95 cloth 9780674916593

Unsustainable Inequalities Social Justice and the Environment Lucas Chancel Translated by Malcolm DeBevoise ★A Financial Times Best Book of the Year “Rising inequality and global warming are the most pressing issues of our time. Written by one of the world’s leading experts on global inequality trends and sustainable development, this book demonstrates that they can and should be addressed together, and offers refreshing perspectives on how to do so. A must-read.” —Thomas Piketty, author of Capital and Ideology Belknap Press 15 illus., 2 tables 184 pp. $29.95 • £23.95 cloth 9780674984653

Raising Keynes

A Twenty-First-Century General Theory Stephen A. Marglin John Maynard Keynes’s General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes’s lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy. 316 illus., 73 tables 920 pp. $99.95 • £79.95 cloth 9780674971028

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New on Our Shelve s N E W I N PA P E R

Unbound

How Inequality Constricts Our Economy and What We Can Do about It Heather Boushey ★A Financial Times Best Economics Book of the Year ★A ProMarket Best Political Economy Book of the Year

“Outstanding...Shows that, beyond a point, inequality damages the economy.” —Martin Wolf, Financial Times “Think rising levels of inequality are just an inevitable outcome of our market-driven economy? Then you should read Boushey’s wellargued, well-documented explanation of why you’re wrong.” —David Rotman, MIT Technology Review 32 illus., 3 tables 304 pp. $17.95 • £14.95 paper 9780674251380 N E W I N PA P E R

Open

The Progressive Case for Free Trade, Immigration, and Global Capital Kimberly Clausing ★A Financial Times Best Economics Book of the Year ★A Foreign Affairs Best Book of the Year “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria “This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs 55 illus. 360 pp. $17.95 • £14.95 paper 9780674248212 N E W I N PA P E R

VC

An American History Tom Nicholas

“[An] incisive history of the venture-capital industry.” —New Yorker “An excellent and original economic history of venture capital.” —Tyler Cowen, Marginal Revolution 33 illus., 2 tables 400 pp. $19.95 • £15.95 paper 9780674248267

The Economic Integration of Europe Richard Pomfret Europe has been transformed since the Second World War. The continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation. 11 illus., 5 tables, 4 maps 224 pp. $39.95 • £31.95 cloth 9780674244139

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Capital and Ideology Thomas Piketty Translated by Arthur Goldhammer ★A New York Times Bestseller ★A New York Times Editors’ Choice “Lands on the world’s doorstep in the midst of an unfolding economic crisis, when the shutdown required to prevent the spread of the coronavirus is sending the world into a spiraling recession…Piketty has put forward proposals for long-term, permanent change, but impressively, they would also be immediately useful in speeding along the recovery.” —New Republic “Nothing less than a global history of inequality and the stories that societies tell to justify it, from pre-modern India to Donald Trump’s U.S.” —Wired Belknap Press 158 illus., 11 tables 1104 pp. $39.95 • £31.95 cloth 9780674980822

Capital in the Twenty-First Century Thomas Piketty Translated by Arthur Goldhammer ★A New York Times #1 Bestseller ★A n Amazon #1 Bestseller ★A Wall Street Journal #1 Bestseller “The most important study of inequality in over fifty years.” —Timothy Shenk, The Nation Belknap Press 96 graphs, 18 tables 816 pp. $21.00 • £16.95 paper 9780674979857

Capitalism, Alone

The Future of the System That Rules the World Branko Milanovic ★A n Economist Best Economics Book of the Year ★A Financial Times Best Economics Book of the Year “A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured. The amoral pursuit of profit in more liberal capitalist societies has eroded the ethical norms that help sustain openness and democracy, he argues; now that tendency threatens to push such places in the direction of more authoritarian capitalist societies, such as China.” —The Economist Belknap Press 26 illus., 3 tables 304 pp. $29.95 • £23.95 cloth 9780674987593

Global Inequality

A New Approach for the Age of Globalization Branko Milanovic ★A n Economist Best Economics Book of the Year ★A Financial Times Best Economics Book of the Year “Tells us more than any other recent book about the state of the world we live in and, at a time when hope is so urgently needed, offers us thought-provoking insights into the world we could become.” —Gordon Brown, The Guardian Belknap Press 1 map, 1 chart, 49 graphs, 4 tables 320 pp. $20.00 • £16.95 paper 9780674984035

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The Color of Money

Black Banks and the Racial Wealth Gap Mehrsa Baradaran

“Read this book. It explains so much about the moment…Beautiful, heartbreaking work.” —Ta-Nehisi Coates “Lays out how, over centuries, policymakers wrote Black Americans out of the economic system…Baradaran’s work resonates now as millions protest around the U.S.” —Huffington Post Belknap Press 384 pp. $17.95 • £14.95 paper 9780674237476

The Great Reversal

How America Gave Up on Free Markets Thomas Philippon ★A Financial Times Best Economics Book of the Year ★A ProMarket Best Political Economy Book of the Year

“Fascinating...In one industry after another, [Philippon] writes, a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations— and bad for almost everyone else.” —David Leonhardt, New York Times “[A] superbly argued and important book.” —Martin Wolf, Financial Times “[Philippon] concludes competition has indeed declined to the detriment of consumers.” —Greg Ip, Wall Street Journal Belknap Press 70 illus., 17 tables 368 pp. $29.95 • £23.95 cloth 9780674237544

The Wolf at the Door

The Menace of Economic Insecurity and How to Fight It Michael J. Graetz • Ian Shapiro

“Graetz and Shapiro wrestle with a fundamental question of our day: How do we address a system that makes too many Americans anxious that economic security is slipping out of reach? Their cogent call for sensible and achievable policies offers a pathway back to functional governance and should be read by progressives and conservatives alike.” —Jacob J. Lew, former Secretary of the Treasury 368 pp. $29.95 • £23.95 cloth 9780674980884

Dynamism

The Values That Drive Innovation, Job Satisfaction, and Economic Growth Edmund Phelps • Raicho Bojilov • Hian Teck Hoon • Gylfi Zoega

“A fresh breath of air to stale debates about how to restore long-term growth in advanced economies...Phelps’s perspective is a necessary complement to the standard intellectual frameworks that tend to guide policy thinking around innovation and productivity growth... His iconoclasm shows by example how economics can benefit from an open-mindedness to broader social thinking.” —Financial Times 47 illus., 18 tables 256 pp. $35.00 • £28.95 cloth 9780674244696

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Als o on Our Shelve s

Veblen

The Making of an Economist Who Unmade Economics Charles Camic

“Weaves together narrative, analytic interpretation, and social theory to create a compelling, engaging, and revolutionary account that tells us something new about a familiar and fascinating figure while conveying a powerful sense of melancholy. There is really nothing quite like it.” —George Steinmetz, University of Michigan “This brilliant book is certainly the definitive contribution to our understanding of Veblen and the context that made his pathbreaking approach possible.” — Michèle Lamont, past president of the American Sociological Association 15 illus. 504 pp. $39.95 • £31.95 cloth 9780674659728

Time for Things

Labor, Leisure, and the Rise of Mass Consumption Stephen D. Rosenberg

“Enormously ambitious and highly provocative...The debate that Rosenberg has started will be a major one and is likely to add significantly to our understanding of contemporary capitalism.” —Wolfgang Streeck, author of How Will Capitalism End? “This brilliant book presents a revolutionary account of America’s consumption economy.” —Andrew Abbott, University of Chicago 1 photo, 1 illus., 2 tables 368 pp. $49.95 • £39.95 cloth 9780674979512

The Banks Did It

An Anatomy of the Financial Crisis Neil Fligstein More than a decade after the 2008 financial crisis plunged the world economy into recession, we still lack an adequate explanation for why it happened. Existing accounts identify a number of culprits—financial instruments, traders, regulators, capital flows—yet fail to grasp how the various puzzle pieces came together. The key, Neil Fligstein argues, is the convergence of major US banks on an identical business model: extracting money from the securitization of mortgages. But how, and why, did this convergence come about? 1 photo, 27 illus., 7 tables 336 pp. $39.95 • £31.95 cloth 9780674249356

The Great American Housing Bubble What Went Wrong and How We Can Protect Ourselves in the Future

Adam J. Levitin • Susan M. Wachter “Impressive.” —Robert J. Shiller, New York Times “Nothing is more important to developing community wealth and narrowing disparities than access to homeownership; this book shows a path toward establishing a sustainable and fair housing finance system, improving opportunity for all.” —Marc H. Morial, President and CEO, National Urban League 64 illus., 5 tables 400 pp. $45.00 • £36.95 cloth 9780674979659

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Als o on Our Shelve s

The Return of Inequality Mike Savage

New Laws of Robotics

N E W I N PA P E R

The Age of Addiction

Frank Pasquale

368 pp. $35.00 • £28.95 cloth 9780674988071

Belknap Press 344 pp. $29.95 • £23.95 cloth 9780674975224

Market Maoists

The Next Shift

272 pp. $39.95 • £31.95 cloth 9780674986497

368 pp. $35.00 • £28.95 cloth 9780674238091

Jason M. Kelly

Gabriel Winant

David T. Courtwright

Belknap Press 336 pp. $17.95 • £14.95 paper 9780674248229

Rotary International and the Selling of American Capitalism Brendan Goff

320 pp. $45.00 • £36.95 cloth 9780674989795

Markets, Minds, and Money Miguel Urquiola

360 pp. $35.00 • £28.95 cloth 9780674244238

Tata

Foretelling the End of Capitalism

Mircea Raianu

304 pp. $39.95 • £31.95 cloth 9780674984516

Francesco Boldizzoni

336 pp. $35.00 • £28.95 cloth 9780674919327

Not Made by Slaves Bronwen Everill

328 pp. $39.95 • £31.95 cloth 9780674240988

The Education Trap Cristina Viviana Groeger

384 pp. $35.00 • £28.95 cloth 9780674249110

Bloc by Bloc

Steven Weber

★A Management Today “Books CEOs Should Be Reading” Selection 264 pp. $35.00 • £28.95 cloth 9780674979499

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Recently Published

The Price of Democracy

How Money Shapes Politics and What to Do about It Julia Cagé Translated by Patrick Camiller

“This is a valuable book for reformers anywhere.” —Senator Russ Feingold “This book is truly at the leading edge of good government reform and is a must-read for people who care about the future of democracy around the world.” —Nicholas Carnes, author of The Cash Ceiling “What ails democracy across the world? Julia Cagé’s magisterial analysis uncovers the root cause in the intertwining of money and politics in an age of massive inequality.” —Rob Reich, author of Just Giving 72 illus. 464 pp. $35.00 • £31.95 cloth 9780674987289

Globalists

Quinn Slobodian

★G eorge Louis Beer Prize 400 pp. $19.95 • £15.95 paper 9780674244849

Accounting for Slavery

Caitlin Rosenthal

★F rancis B. Simkins Award 320 pp. $18.95 • £15.95 paper 9780674241657

The Great Convergence

Capital without Borders

How the Other Half Banks

★A n Economist Best Book of the Year

400 pp. $18.95 • £15.95 paper 9780674244771

336 pp. $21.00 • £16.95 paper 9780674983960

Collective Choice and Social Welfare

Economy and Society

Richard Baldwin

Brooke Harrington

Mehrsa Baradaran

Belknap Press 344 pp. $16.95 • £13.95 paper 9780674237841

Shadows of Doubt

Brendan O’Flaherty • Rajiv Sethi

★A Choice Outstanding Academic Title of the Year 384 pp. $27.95 • £22.95 cloth 9780674976597

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Amartya Sen

640 pp. $21.00 United States and its dependencies only paper 9780674919211

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Max Weber

★A Choice Outstanding Academic Title of the Year 520 pp. $25.50 • £20.95 paper 9780674916548

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Recently Published

Healthy Buildings

How Indoor Spaces Drive Performance and Productivity Joseph G. Allen • John D. Macomber

“Hugely important and a great read. By the end it not only completely persuaded me that improving the health of our buildings is a fabulous economic opportunity and something that could change the lives of millions of people—it gave me a very good sense of where to start. Highly recommended.” — Rebecca Henderson, Harvard University “Sustainability and health can no longer exist in separate domains. Healthy Buildings bridges the divide. Allen and Macomber link health science and business science for a new way to think about buildings.” —John Mandyck, CEO of Urban Green Council 16 illus., 11 tables 304 pp. $35.00 • £28.95 cloth 9780674237971

The Enchantments of Mammon Eugene McCarraher

Belknap Press 816 pp. $39.95 • £31.95 cloth 9780674984615

Globalization and Inequality Elhanan Helpman

232 pp. $26.95 • £21.95 cloth 9780674984608

Blockchain and the Law

Primavera De Filippi • Aaron Wright

Power after Carbon Peter Fox-Penner

456 pp. $35.00 • £28.95 cloth 9780674241077

312 pp. $17.95 • £14.95 paper 9780674241596

The Rise of the Working-Class Shareholder David Webber

352 pp. $36.00 • £28.95 cloth 9780674972131

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What Works

Iris Bohnet ★A Financial Times Best Business Book of the Year Belknap Press 400 pp. $17.50 • £14.95 paper 9780674986565

Whistleblowing

The Market as God

★S ilver Medal in Business Ethics, Axiom Business Book Awards

320 pp. $17.95 • £14.95 paper 9780674241572

Kate Kenny

Harvey Cox

296 pp. $40.00 • £32.95 cloth 9780674975798

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Clas sic Backlist

The Economics of Inequality Thomas Piketty Belknap Press 160 pp. $25.00 • £20.95 cloth 9780674504806

The Fissured Workplace David Weil

424 pp. $24.00 • £19.95 paper 9780674975446

Exit, Voice, and Loyalty

Beyond Winning

Albert O. Hirschman 176 pp. $30.00 • £24.95 paper 9780674276604

Basic Income

Philippe Van Parijs • Yannick Vanderborght

★A Times Higher Education Book of the Week 400 pp. $18.95 • £15.95 paper 9780674237469

The History of Statistics

Stephen M. Stigler

Belknap Press 432 pp. $42.00 • £33.95 paper 9780674403413

Anthony B. Atkinson

★A n Economist Best Book of the Year

Belknap Press 368 pp. $32.50 • £26.95 paper 9780674012318

★A Financial Times Best Book of the Year 400 pp. $20.00 • £16.95 paper 9780674979789

After Piketty

Finding Time

Heather Boushey • J. Bradford DeLong • Marshall Steinbaum

★A n ISE Magazine Best Book of the Year

Edited by

Heather Boushey

688 pp. $19.95 • £15.95 paper 9780674237889

The ABCs of RBCs

On Being Nonprofit

448 pp. $84.00 • £67.95 cloth 9780674028142

★B est Book Award, Public and Nonprofit Division of the Academy of Management

George McCandless

Inequality

Robert H. Mnookin • Scott R. Peppet • Andrew S. Tulumello

360 pp. $17.95 • £14.95 paper 9780674241497

Identification for Prediction and Decision

Peter Frumkin

Charles F. Manski

368 pp. $81.00 • £64.95 cloth 9780674026537

224 pp. $33.00 • £26.95 paper 9780674018358

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Clas sic Backlist

Recursive Methods in Economic Dynamics Nancy L. Stokey • Robert E. Lucas • Jr.

Negotiation Analysis Howard Raiffa

Belknap Press 576 pp. $42.50 • £34.95 paper 9780674024144

608 pp. $104.50 • £83.95 cloth 9780674750968

The Idea of Justice

★A n Observer Best Architecture Book of the Year

★A n Economist Best Book of the Year

Belknap Press 304 pp. $34.00 • £27.95 cloth 9780674599222

The Visible Hand

Alfred D. Chandler, Jr.

★P ulitzer Prize for History ★B ancroft Prize Belknap Press 624 pp. $37.00 • £29.95 paper 9780674940529

Private Truths, Public Lies

★A Choice Outstanding Academic Title of the Year

448 pp. $41.50 • £33.95 paper 9780674707580

Ronald A. Heifetz

Timur Kuran

Belknap Press 368 pp. $45.00 • £36.95 cloth 9780674518582

Expulsions

Saskia Sassen

Leadership Without Easy Answers

Amartya Sen

Belknap Press 496 pp. $30.00 North America only paper 9780674060470

Foundations of Economic Analysis of Law Steven Shavell

Belknap Press 768 pp. $109.00 • £87.95 cloth 9780674011557

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Understanding Global Trade

The Logic of Collective Action

Belknap Press 232 pp. $29.50 • £23.95 cloth 9780674060784

Harvard Economic Studies 208 pp. $34.50 • £27.95 paper 9780674537514

The Illusion of Free Markets

Game Theory

Elhanan Helpman

Mancur Olson, Jr.

Roger B. Myerson

Bernard E. Harcourt

336 pp. $21.50 • £17.95 paper 9780674066168

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600 pp. $48.50 • £38.95 paper 9780674341166

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N O W AVA I L A B L E A S A N E B O O K O R I G I N A L

Racism in America

A Reader

Foreword by Annette Gordon-Reed Racism in America: A Reader is an invitation to understand anti-Black racism through the eyes of our most incisive commentators. This anthology is for all curious readers, teachers, and students who wish to discover for themselves the complex and rewarding intellectual work that has sustained our national conversation on race and will continue to guide us in future years. D OW N LOA D T H E B O O K F O R F R E E AT H U P. H A R V A R D . E D U / R A C I S M - I N - A M E R I C A

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