Harvard University Press Economics and Business 2010

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    2010Economics

    A N D

    Business

    H a r v a r d U n i v e r s i t y P r e s s

    A N D

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    Featured Titles..............................................2

    Books for the Economic Crisis .....................6

    International Economics...............................7Economic & Business History......................8

    Political Economy.......................................12

    Social Economics ........................................15

    Law & Economics ......................................18

    Textbooks for Course Use...........................20

    History of Economic Thought...................21For Your Personal Library...........................22Index...........................................................22

    Order Form.................................................23

    table of contents

    NE W

    A FAI LU RE OF CAP ITALI SM

    The Crisis of 08 and the Descent into Depression

    RICHARD A. POSNER

    The financial and economic crisis that began in 2008 is the most alarming of our

    lifetime because of the warp-speed at which it is occurring. Richard Posner presentsa concise and non-technical examination of this mother of all financial disastersand of the, as yet, stumbling efforts to cope with it.

    Lively, readable, and plainspokenPosner has an extraordinarily sharp mind.

    ROBERT M. SOLOW, NEW YORK REVIEW OF BOOKS

    A surprising volume that explains what happened to the banking system andeconomy in terms the lay reader can easily understand[Posners] critique isbracing, all the more so because it comes from a right-leaning thinker normallyhostile to the ministrations of government bureaucrats.

    PAUL M. BARRETT, WASHINGTON POST BOOK WORLD

    Before seeking political asylum in free-market Hong Kong, consider reading a new book thatcritiques what went wrong with capitalism, written in order to save it. Judge Richard PosnersA Failure of Capitalismis noteworthy. As a longtime University of Chicago professor and fatherof the free-market-based law-and-economics movement, Judge Posner makes an unlikely criticof capitalism. But as author of some 40 books and as the most frequently cited federal appealscourt jurist, he is also one of our most original and clearheaded thinkers.

    L. GORDON CROVITZ, WALL STREET JOURNAL

    2009 368 pp. Cloth $23.95 / 17.95 ISBN978-0-674-03514-0

    NEW in paperbackTHE RAC E BE TW EEN EDUCATION AND TECHNOLOGY

    CLAUDIA GOLDIN AND LAWRENCE F. KATZ

    The Richard A. Lester Award for the Outstanding Bookin Industrial Relations and Labor Economics

    R. R. Hawkins Award, Association of American Publishers

    The American educational system has made America the richest nation in theworld. During the first eight decades of the twentieth century, the increase ofeducated workers was higher than the demand for them. This had the effect ofboosting income and lowering inequality. However, the reverse has been truesince 1980. The authors discuss the complex reasons for this, and what mightbe done to ameliorate it.

    Essential reading.

    THOMAS F. COOLEY, FORBES

    One of the most important books of the year.

    NICHOLAS D. KRISTOF, NEW YORK TIMES

    [Goldin and Katz] tackle the most important U.S. economic trend, and, hence, most criticaldomestic issuegrowing income inequality[America] now has the most unequal income and

    wage distributions of any high-income nationThe good news is that if Goldin and Katz areright, the cure for income inequality is one most Americans would intuitively support: improvingmass education.

    CHRYSTIA FREELAND,FINANCIAL TIMES

    Belknap 2009; 2008 51 line illus., 42 tables 496 pp.Cloth $39.95 / 29.95 ISBN978-0-674-02867-8 Paper $19.95 / 14.95 ISBN978-0-674-03530-0

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    THE CREATION AND DESTRUCTION OF VAL UE

    The Globalization Cycle

    HAROLD JAMES

    Harold James examines the vulnerability and fragility of processes of globalization,

    both historically and in the present. This book applies lessons from past break-downs of globalizationabove all in the Great Depressionto show how financialcrises provoke backlashes against global integration: against the mobility of capitalor goods, but also against flows of migration. The book shows the looming psycho-logical and material consequences of an interconnected world for people and theinstitutions they create.

    The reflections of Harold Jameswould be of interest even in times more tranquil than these. Butat a moment when the march of global integration has been stalled by a financial crisis unparalleledsince the 1930s, James is a particularly fitting guideAt a time when economists are accused of hav-ing forgotten history, yet few historians can explain the world of bank bail-outs and the turmoil theycause, James has a rare gift for being able to marshal an impressive knowledge of economic and finan-

    cial history in order to highlight previously unrecognized connections with the past.THE ECONOMIST

    From the current vantage pointrising stock prices amid a weak economic recovery and double-digitunemploymentit is too soon to know whether the current crisis will be remembered as a financialshock that failed to throw off the trajectory of globalization, or if it marks the start of a more funda-mental re-ordering. James modestly and appropriately avoids trying to answer that question. But heasks all the right ones, offering a brilliant tour through the Great Depression and the current crisis.

    EDWARD ALDEN, FORBES.COM

    No one is better qualified than Harold James to explore the similarities and differences between re-cent events and the early 1930s. A model of lucid exposition, The Creation and Destruction of Value

    confirms that if you want to understand our current predicament, history is a much better guide thaneconomics.

    NIALL FERGUSON, AUTHOR OF THE ASCENT OF MONEY

    2009 7 figures 336 pp. Cloth $19.95 / 14.95 ISBN978-0-674-03584-3

    NE W

    THE IDEA OF JUSTICE

    AMARTYA SEN

    A New Statesman Top Ten Book of the Decade

    An Economist Best Book of the Year

    A Globe and Mail Best Book of the Year

    In the courtliest of tones, Sen charges John Rawls, an American philosopherwho died in 2002, with sending political thinkers up a tortuous blind alleyThe Idea of Justiceserves also as a commanding summation of Sens own workon economic reasoning and on the elements and measurement of human

    well-beingThe Idea of Justiceis a contribution of the highest rank.

    THE ECONOMIST

    In this intricate, endlessly thought-provoking book, Sen brings the full force of his formidable mindand his moral sense to show how specific questionsof chronic malnourishment, ill-health, demo-graphic gender imbalancemust be analysed in terms of justice. Doing something about them is not

    a discretionary matterit is a requirement of being human. Sen is the most sophisticated intellectualcampaigner of our times.

    SUNIL KHILNANI, FT.COM

    [Sens] book quite radically attempts to shift the grounds of the conversation [about justice] altogether.It seeks to provide a counter-framework rather than a counter-theory. And this is only one of its manyadmirable ambitionsThe repudiation of the economicist account of life is one of this books most

    valuable achievementsThe spectacle of an economist rejecting a purely economic understanding ofthe individual is delightful to beholdHis workin its simultaneous affirmation of the universal andthe particularserves as an eloquent and humane testimony to the power of reason.

    MOSHE HALBERTAL, NEW REPUBLIC

    Belknap 2009 496 pp. Cloth $29.95 / NA ISBN978-0-674-03613-0

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    NATURA L EXPER IM ENT S OF HISTORY

    EDITED BY JARED DIAMOND AND JAMES A. ROBINSON

    This book consists of eight comparative studies drawn from history, archaeology,economics, economic history, geography, and political science. The studies covera spectrum of approaches, ranging from a non-quantitative narrative style in theearly chapters to quantitative statistical analyses in the later chapters. The societiesdiscussed are contemporary ones, literate societies of recent centuries, and non-literate past societies. Geographically, they include the United States, Mexico,Brazil, western Europe, tropical Africa, India, Siberia, Australia, New Zealand,and other Pacific islands.

    A superb collection of eminently teachable essays bound together by a common methodologicalframework that connects it directly to cutting-edge theoretical and empirical research across thedisciplines of anthropology, archeology, history, political science, and sociology.

    JOHN COATSWORTH, COLUMBIA UNIVERSITY

    Natural Experiments of Historyreaches across a wide variety of disciplines, in ways that should beaccessible to just about every educated reader. It is tied together not by topic or region but by the ideathat we can make useful and insightful comparisons in ways that are not casual or sloppy, but actuallycontribute to our understanding of human life.

    JEFFRY FRIEDEN, HARVARD UNIVERSITY

    Belknap 2010 14 figures, 5 maps, 7 tables 288 pp. Cloth $29.95 / 22.95 ISBN978-0-674-03557-7

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    THE RETURN TO KEYNES

    EDITED BY BRADLEY BATEMAN, TOSHIAKI HIRAI,AND MARIA CRISTINA MARCUZZO

    Keynesian economics, which proposed that the government could use monetaryand fiscal policy to help the economy avoid the extremes of recession and inflation,held sway for thirty years after World War II. However, it was discredited after thestagflation of the 1970s, only to see a rebirth, most dramatically illustrated duringthe past year when central banks have pumped billions of dollars of liquidity intothe worlds financial system to address the crises of confidence, illiquidity, and

    insolvency that were triggered by the sub-prime lending crisis.The Return to Keynesputs Keynesianeconomics in a fresh perspective in order to assess this surprising new era in economic policy making.

    During the 1990s, John Maynard Keynes, and Keynesian economics, were declared to be well andtruly dead. Then came the financial and economic crises of 2008 and they were reborn as a way ofunderstanding economies with significant unemployment. This excellent collection of essays, broughttogether by three prominent scholars of Keynes and Keynesian policy, will be a convenient way forthose who have forgotten Keynesian economics to refresh themselves, and for others to learn for thefirst time.

    CRAUFURD GOODWIN, DUKE UNIVERSITY

    This fascinating collection of papers addresses the current status and relevance of Keynes from anumber of perspectives: the return of macroeconomic policy activism, the state of modern macro-economics, the recent scholarship of Keyness life and work, and some elements of Keyness work thatmight be relevant to the current crisis. The authors backgrounds are diverse and their scholarship

    often cutting edge. A fine guide to the present state of play.D. E. MOGGRIDGE, UNIVERSITY OF TORONTO

    Belknap 2010 15 figures, 1 table 284 pp. Cloth $49.95 / 36.95 ISBN978-0-674-03538-6

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    TO SERVE GOD AND WAL-MART

    The Making of Christian Free EnterpriseBETHANY MORETON

    This extraordinary biography of Wal-Marts world shows how a Christian pro-business movement grew from the bottom up as well as the top down, bolsteringan economic vision that sanctifies corporate globalization.

    Much of what we learn from Moretons bookraises serious doubts aboutwhether the corporations influence has been positive on balance. But in theprocess of describing the downside of Wal-Mart, [she] offers penetrating insights into why the chainhas been so phenomenally successfulMoreton offers a gracefully written and meticulously re-searched account of why people not only have been willing to work for the company, but often have

    also developed fierce loyalty to it.ROBERT FRANK, NEW YORK TIMES BOOK REVIEW

    An engaging account of how a discount five-and-dime store conceived in the rural American Ozarksbecame the template for service work in the global economy[Moreton offers] an explanation of theparadox that political pundits have pondered in recent years: why many middle Americans prioritizeconservative social issues ahead of government policies that would presumably be in their economicself-interest.

    REBEKAH PEEPLES MASSENGILL,TIMES HIGHER EDUCATION

    To Serve God and Wal-Martshould become a standard text in business history coursesInperforming a deliberate inversion of more conventional approaches to business history,To ServeGod and Wal-Martgreatly enriches our understanding of both Wal-Mart and the Sun Belt serviceeconomy.

    ANGUS BURGIN, ENTERPRISE AND SOCIETY

    2009 12 halftones, 1 map 392 pp. Cloth $27.95 / 20.95 ISBN978-0-674-03322-1

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    BETTERLIVING THROUGH ECONOMICS

    EDITED BY JOHN J. SIEGFRIED

    Economists were obviously instrumental in revising the consumer price indexand in devising auctions for allocating spectrum rights to cell phone providers inthe 1990s. But perhaps more surprisingly, economists built the foundation foreliminating the military draft in favor of an all-volunteer army in 1973, for pass-ing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978,

    for adopting the welfare-to-work reforms during the Clinton administration,and for implementing the Pension Reform Act of 2006 that allowed employersto automatically enroll employees in a 401(k).Better Living through Economicsconsists of twelve casestudies that demonstrate how economic research has improved economic and social conditions over thepast half century by influencing public policy decisions.

    The contributors to this volume are in each case economists who have been in the forefront in apply-ing economic analysis in a policy setting. Their essays are concise, clear, and consistently written at alevel within the reach of undergraduate economics students. Each addresses an area of public policy in

    which economic reasoning and research methods have been applied successfully to generate a policychange or refinement, leading to a large increase in welfare.

    RICHARD CAVES, HARVARD UNIVERSITY

    The contributions are uniformly excellent and written by top economists.

    TYLER COWEN, MARGINALREVOLUTION.COM

    2009 18 line illus., 7 tables 324 pp. Cloth $45.00 / 33.95 ISBN978-0-674-03618-5

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    NEW in paperback

    SURVIVING LAR GE LOSSES

    Financial Crises, the Middle Class, andthe Development of Capital Markets

    PHILIP T. HOFFMAN, GILLES POSTEL-VINAY,

    AND JEAN-L AURENT ROSENTHALWe are reeling from the worst financial crisis in decades. But if we heed historyslessons, our financial meltdown will ultimately have beneficial consequences.Surviving Large Lossesshows how past crises have led to stronger financial institu-tions and even renewed growth.

    [An] engaging small bookThe authors make a good case for the importanceof history, and the lessons from this brief book are clearer than most.

    PETER TEMIN, JOURNAL OF INTERDISCIPLINARY HISTORY

    A worthy companion to Kindlebergers [Manias, Panics, and Crashes: A History of Financial Crises],perhaps even an alternative to it.

    DAVID WARSH, ECONOMICPRINCIPALS.COMA timely book. It is also provocative in trying to do something no one has done before, namelyprovide a comprehensive political economy analysis of several centuries of financial crises and theireffects on the development of financial systems.

    RICHARD SYLLA, JOURNAL OF ECONOMIC HISTORY

    The authors of this book, academics in the fields of history, social sciences, and economics, havedone more than write a history of financial crises; rather, they explain the nature of these crises byputting economic theory into plain English.

    R. J. PHILLIPS, CHOICE

    Belknap 2009; 2007 2 line illus., 1 table 272 pp.Paper $17.95 / 13.95 ISBN978-0-674-03636-9

    ADAMS FAL LAC Y

    A Guide to Economic Theology

    DUNCAN K. FOLEY

    Foley gets deep into the analytical content of major schools of thought,rankingAdams Fallacyup there with Heilbroners classic.

    ROBERT SOLOW, NEW YORK REVIEW OF BOOKS

    [A] passionate book, to be welcomed in a discipline notably devoid ofpassion. [Adams Fallacy] can be read for pleasure and enlightenment by

    economists and non-economists alike.DAVID THROSBY, TIMES LITERARY SUPPLEMENT

    Belknap 2008; 2006 7 line illus., 1 table 288 pp.Paper $17.95 / 14.95 ISBN978-0-674-02729-9

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    Why Wages Do ntFall during aRecession

    Truman F. Bewley

    2002; 1999 24 line illus.,

    104 tables 544 pp.Paper $31.50 / 23.95ISBN978-0-674-00943-1

    The End ofGlobalization

    Lessons from theGreat Depression

    Harold James

    2002; 2001 5 line illus.,8 tables 272 pp.Paper $23.50 / 17.95ISBN978-0-674-01007-9

    Whe n Al l El se Fai ls

    Government as the Ultimate Risk Manager

    David A. Moss

    Kulp-Wright Book Award,Sponsored by the American Risk

    and Insurance Association, Inc.2004; 2002 4 line illus., 13 tables 464 pp.Paper $23.50 / 17.95 ISBN978-0-674-01609-5

    B O O K S F O R T H E E C O N O M I C C R I S I S

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    THE ORGANIZATION OFFIRMS IN AGLOBAL ECONOMY

    EDITED BY ELHANAN HELPMAN,DALIA MARIN, AND THIERRY VERDIER

    This is no ordinary conference volume. It is

    an integral part of new and important devel-opments in research that is presently trans-forming the field of international trade.

    HARRY FLAM,

    STOCKHOLM UNIVERSITY

    This outstanding volume will becomeessential reading for graduate-level coursesin international trade.

    STEPHEN REDDING,

    LONDON SCHOOL OF ECONOMICS

    2008 44 line illus., 35 tables 368 pp.

    Cloth $55.00 / 40.95 ISBN978-0-674-03081-7

    BRAND NEWCHINA

    Advertising, Media,and Commercial Culture

    JING WANG

    Brand New Chinauses the methodologyand perspectives of cultural analysis toproduce a detailed study of branding andadvertising in ChinaThe book is original,

    well researched and based on a wide-rangingappreciation of both popular and literaryChinese culture.

    DELIA DAVIN, TIMES HIGHEREDUCATION SUPPLEMENT

    InBrand New China, Jing Wang usesChinese advertising as an optic through

    which to scrutinize this tension betweenEastern and Western approaches to themarketHer book is a thoroughly enjoy-able and well-writtentour dhorizonofbranding and advertising strategy.

    JOHN FEFFER, THE NATION

    2009 12 halftones, 8 tables 432 pp.Cloth $28.95 / 21.95 ISBN978-0-674-02680-3Paper $18.95 / 14.95 ISBN978-0-674-04708-2

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    NEW in paperback

    CAP ITAL RULES

    The Constructionof Global Finance

    RAWI ABDELAL

    The rise of global financial mar-kets in the last decades of thetwentieth century was premisedon the idea that capital ought toflow across borders with mini-mal restriction and regulation.Freedom for capital movementsbecame the new orthodoxy. Inan intellectual history of finan-cial globalization, Rawi Abdelalshows that this was not always

    the case.[Abdelal] tells a fascinating(and largely unknown) tale:how a clutch of French social-ists helped to upend economicorthodoxy and lead the chargefor lifting restrictions on capi-tal flows within Europe andthroughout the worldThebook is a mix of accessiblepolitical history and counter-

    intuitive insight, bringingto our attention one of themost important, and leastappreciated, developments inthe postwar global economy.

    MATTHEW REES,

    WALL STREET JOURNAL

    Brilliant and authoritativeThis book deserves the widestgeneral audience.

    ROBERT KUTTNER,

    AME RICAN PRO SPECT2009; 2006 8 tables 320 pp.Cloth $55.50 / 41.95ISBN978-0-674-02369-7Paper $19.95 / 14.95ISBN978-0-674-03455-6

    The Mystery ofEconomic Growth

    Elhanan Helpman

    Belknap 200428 line illus. 240 pp.Cloth $26.95 / 19.95 OIPISBN978-0-674-01572-2Paper $19.95 / 14.95 OISCISBN978-0-674-04605-4

    The New Argonauts

    Regional Advantage ina Global Economy

    AnnaLee Saxenian

    2007; 2006 1 halftone,

    5 line illus., 1 table 432 pp.Paper $20.00 / 14.95ISBN978-0-674-02566-0

    I N T E R N A T I O N A L E C O N O M I C S

    Chinas New Order

    Society, Politics, andEconomy in Transition

    Wang Hui

    Edited and translated by

    Theodore HutersTranslated by Rebecca E. Karl

    2006; 2003 256 pp.Paper $17.00 / 12.95ISBN978-0-674-02111-2

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    COMMONWEALTH

    MICHAEL HARDT AND ANTONIO NEGRI

    WhenEmpireappeared in 2000, it defined the political and economic challengesof the era of globalization and, thrillingly, found in them possibilities for new and

    more democratic forms of social organization. Now, withCommonwealth, MichaelHardt and Antonio Negri conclude the trilogy begun withEmpireand continuedinMultitude, proposing an ethics of freedom for living in our common world andarticulating a possible constitution for our common wealth.

    Commonwealth[is] the latest book by Michael Hardt andAntonio Negri, whoseEmpireandMultitudehave, arguably, beenthe dominant works of political philosophy of the new century[Its] the much-anticipated final volume of the Empire trilogy.

    ARTFORUM

    Everyone seems to agree that our economic system is broken, yetthe debate about alternatives remains oppressively narrow. Hardt

    and Negri explode this claustrophobic debate, taking readers tothe deepest roots of our current crises and proposing radical,and deeply human, solutions. There has never been a bettertime for this book.

    NAOMI KLEIN,

    AUTHO R OF THE SHOCK DOCTRINE

    Belknap 2009 448 pp.Cloth $35.00 / 25.95 ISBN978-0-674-03511-9

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    Empire

    Michael Hardtand Antonio Negri

    2001; 2000 504 pp.Paper $24.00 / 17.95

    ISBN978-0-674-00671-3

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    SELLING SOUNDS

    The Commercial Revolutionin American Music

    DAVID SUISMAN

    David SuismansSelling Soundsexplores the rise of music as bigbusiness and the creation of aradically new musical culture.It maps the growth of the musicbusiness across the social land-scapein homes, theaters, de-

    partment stores, schoolsand analyzes the effect ofthis development on everything from copyright law tothe sensory environment. While music came to resem-ble other consumer goods, its distinct properties assound ensured that its commercial growth and socialimpact would remain unique.Selling Soundsrevealsthe commercial architecture of Americas musical life.

    A fascinating, well-written, richly detailed storyof how music became a commodity in America

    [Suismans] scholarship is amazingly wide-ranging.WILLIAM F. GAVIN, WASHINGTON TIMES

    Virgins music emporium will soon become a thingof the past: Like so many other retail music stores oflate, it has announced that it is going out of business.The story ofSelling Sounds, then, is especially timely.

    KEN EMERSON, WALL STREET JOURNAL

    Suismantell[s] an alluring story.

    GEORGE ANDERS, FORBES.COM

    [A] meticulously researched history of [the music

    industrys] early days.MARK ATHITAKIS, WASHINGTON POST

    2009 41 halftones 368 pp.Cloth $29.95 / 22.95 ISBN978-0-674-03337-5

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    DAR KER THA N BLUE

    On the Moral Economiesof Black Atlantic Culture

    PAUL GILROY

    Paul Gilroy seeks to awaken a new under-standing of W. E. B. Du Boiss intellectualand political legacy. At a time of economiccrisis, environmental degradation, ongoing

    warfare, and heated debate over humanrights, Gilroy revitalizes the study of African

    American culture, tracing the shifting charac-ter of black intellectual and social move-ments, and showing how we can construct anaccount of moral progress that reflects todayscomplex realities.

    ProvocativeInsightfulRaise[s] pro-found questions about race, democracy, andcitizenship in the age of Obama.

    PENIEL E. JOSEPH, BOOKFORUM

    A shrewd and invigorating discussion

    Gilroy demonstrates how understandingblack experience is crucial in any seriousstudy of modernity itself, at a time whenglobal capitalism trades evermore in Ameri-can-inflected styles of blackness, whilesimultaneously maintaining and reinforcinglines of racial and class subjugation[A]highly rewarding read for anyone interestedin the social and political significance of massculture or the historically laden language ofhuman rights in a postcolonial age.

    PUBLISHERS WEEKLYBelknap / The W. E. B. Du Bois Lectures2009 224 pp.Cloth $22.95 / 16.95 ISBN978-0-674-03570-6

    E C O N O M I C & B U S I N E S S H I S T O R Y

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    NEW

    THE GRAND STRATEGY OF THE BYZAN TI NE EMPIRE

    EDWARD N. LUTTWAK

    The Grand Strategy of the Byzantine Empireis a broad, interpretive account of Byzan-tine strategy, intelligence, and diplomacy over the course of eight centuries that will

    appeal to scholars, classicists, military history buffs, and professional soldiers.This book is good history as well as being an insightful commentary on strat-egyLuttwak does an excellent job of describing the intelligence system of theEastern empire, from its tactical use of scouting and patrolling to its strategic useof spies and double agents in the courts of its enemiesLuttwak does a greatservice in giving us a readable account of how the Byzantines managed national-security strategy in a way that should be useful to contemporary soldiers andcivilian policymakers. It is also a very good read.

    GARY ANDERSON, WASHINGTON TIMES

    An impassioned bookHistorically remote as they are, the Byzantines mayhave something to teach Americans about long-term survival.

    ERIC ORMSBY, WALL STREET JOURNAL

    Belknap 2009 13 maps 512 pp. Cloth $35.00 / 25.95 ISBN978-0-674-03519-5

    NEW

    INDIAN WOR K

    Language and Livelihood in Native American History

    DANIEL H. USNER, JR.

    Representations of Indian economic life have played an integral role in discoursesabout poverty, social policy, and cultural difference but have received surprisingly lit-tle attention. Daniel Usner dismantles ideological characterizations of Indian liveli-hood to reveal the intricacy of economic adaptations in American Indian history.

    Officials, reformers, anthropologists, and artists produced images that exacerbatedIndians economic uncertainty and vulnerability. European American ideologies notonly obscured Indian struggles for survival but also operated as obstacles to their suc-cess. Indians repeatedly found themselves working in spaces that reinforced misrepre-sentation and exploitation. Taking advantage of narrow economic opportunitiesoften meant risking cultural integrity and personal dignity: while sales of basketsmade by Louisiana Indian women contributed to their identity and community, itencouraged white perceptions of passivity and dependence. When non-Indian con-sumption of Indian culture emerged in the early twentieth century, even this friend-lier market posed challenges to Indian labor and enterprise. The consequences of thisdilemma persist today.

    2009 12 halftones 214 pp. Cloth $49.95 / 36.95 ISBN978-0-674-03349-8

    NEW in paperback

    SHAPING THE INDUSTRIAL CENTURY

    The Remarkable Story of the Evolution ofthe Modern Chemical and Pharmaceutical Industries

    ALFRED D. CHANDLER, JR.

    The dean of business historians continues his masterful chronicle of the transforming revolutions ofthe twentieth century begun inInventing the Electronic Century. Alfred Chandler argues that only withconsistent attention to research and development and an emphasis on long-term corporate strategiescould firms remain successful over time. He details these processes for nearly every major chemical andpharmaceutical firm, demonstrating why some companies forged ahead while others failed.

    Chandler does a remarkable job of covering the development of two industries that changed theworld in the twentieth century.

    JOHN EMSLEY, TIMES HIGHER EDUCATION SUPPLEMENT

    A dynamic demonstration of how strategy takes precedence over structure in determining theongoing success or failure of an industry that has reached its mature phase.

    JOHN K. SMITH, JR., BUSINESS HISTORY REVIEW

    Harvard Studies in Business History 2009; 2005 7 tables, 3 charts 384 pp.Cloth $29.95 / 22.95 ISBN978-0-674-01720-7Paper $21.95 / 16.95 ISBN978-0-674-03221-7

    E C O N O M I C & B U S I N E S S H I S T O R Y

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    A NATIO N OFCOUNTERFEITERS

    Capitalists, Con Men, and theMaking of the United States

    STEPHEN MIHM

    Mihms creative account of theearly American economy shines,spotlighting the on-the-edgeinventiveness, and over-the-edgecons, that have made the UnitedStates so rich in risk, reward andredemption.

    STEPHEN KOTKIN,

    NEW YORK TIMES

    A brilliant description of a timein American history that seemsat once distant and familiar.

    STEVE FRASER,

    THE NATION

    2009; 2007 37 halftones 472 pp.Paper $18.95 / 14.95ISBN978-0-674-03244-6

    DOMINANCEBYDESIGN

    Technological Imperatives andAmericas Civilizing Mission

    MICHAEL ADAS

    An excellent and most timelystudy of the oft-forgotten role oftechnology in enabling and then

    justifying European colonizationof North America, the westwardexpansion of the United States,and ultimately the emergence ofthe United States as a globalpower.

    JOHN H. MORROW,

    TECHNOLOGYAND CULTURE

    Belknap 2009; 200518 halftones 480 pp.Paper $19.95 / 14.95ISBN978-0-674-03216-3

    REPUBLICOF DEBTORS

    Bankruptcy in theAge of AmericanIndependence

    BRUCE H. MANN

    SHEAR Prize of theSociety for Historians

    of the Early AmericanRepublic

    Littleton-GriswoldPrize of the AmericanHistorical Association

    J. Willard Hurst Prize for theBest Book on the History ofAmerican Law and Society

    [A] gripping account of beingin debt in the land of the free

    Mann employs his considerabletalents to bring to life a worldwhere much that seems normaland logical to us now like a uni-fied currency, or the fact that

    you cannot pay off a debt if youare stuck in jail was not. Mannsgenius is to explain in clear andhuman terms the legal and eco-nomic intricacies by which early

    American creditors and debtorslived and died.

    EVAN HAEFELI,

    WASHINGTON TIMES

    2009; 2002 1 halftone 358 pp.Paper $18.95 / 14.95ISBN978-0-674-03241-5

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    NEW in paperback

    PROPHET OF INNOVATION

    Joseph Schumpeter and Creative Destruction

    THOMAS K. MCCRAW

    Hagley Prize in Business History

    Joseph J. Spengler Best Book Award, History of Economics Society

    Schumpeter Prize

    A Spectator Best Read of the Year

    A Library Journal Best Business Book of the Year

    The destruction of businesses, fortunes, products, and careers is the price ofprogress toward a better material life. No one understood this economic principle

    better than Joseph Schumpeter, who made his mark as the prophet of incessant change. This biographypaints the full portrait of a magnetic figure who aspired to become the worlds greatest economist, lover,and horsemanand admitted to failure only with the horses.

    [Schumpeters] private life was no less fascinating than his public message. InProphet of Innovation,Thomas McCraw artfully weaves the two together.

    DAN SELIGMAN, WALL STREET JOURNAL

    McCraw doesnt get lost in the baroque details of Schumpeters storyhow many economists everfought a duel?or in the arcana of his theories, achieving a balance that his brilliant and restlesssubject rarely did in life.

    NEW YORKER

    Belknap 2009; 2007 68 halftones 736 pp.Cloth $35.00 / 25.95 ISBN978-0-674-02523-3 Paper $19.95 / 14.95 ISBN978-0-674-03481-5

    E C O N O M I C & B U S I N E S S H I S T O R Y

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    11

    Killing for Coal

    Americas Deadliest Labor War

    Thomas G. Andrews

    Bancroft Prize,Columbia University

    Spence Award,Mining History Association

    George Perkins Marsh Prize,

    Best Book in EnvironmentalHistory, American Society forEnvironmental History

    Vincent P. DeSantis Book Prize,Sponsored by the Society forHistorians of the Gilded Ageand Progressive Era

    Colorado Book Award, History

    Caroline Bancroft History Prize,Denver Public Library

    Honorable Mention, Hundley

    Prize, Awarded by the PacificCoast Branch of the AmericanHistorical Association

    Finalist, Clements Prize,Awarded by the Clements Centerat SMU, Southwest History

    Noteworthy Book in IndustrialRelations and Labor Economics,Industrial Relations Sectionof Princeton Firestone Library

    2008 30 halftones, 4 maps 408 pp.Cloth $29.95 / 22.95

    ISBN978-0-674-03101-2

    A Hu nd red Ho rizons

    The Indian Ocean in theAge of Global Empire

    Sugata Bose

    2009; 2006 22 halftones,1 map 352 pp.Paper $18.95 / 14.95 OIPISBN978-0-674-03219-4

    Plantation Enterprise inColonial South Carolina

    S. Max Edelson

    George C. Rogers, Jr.,Book Award,South CarolinaHistorical Society

    Theodore SaloutosMemorial Book Award,

    The AgriculturalHistory Society

    2006 6 halftones, 1 line illus.,5 maps, 15 tables 400 pp.Cloth $50.00 / 37.95ISBN978-0-674-02303-1

    Ruling America

    A History of Wealth andPower in a Democracy

    Edited by Steve Fraser

    and Gary Gerstle2005 384 pp.Paper $21.00 / 15.95ISBN978-0-674-01747-4

    Rulers, Guns, and Money

    The Global Arms Tradein the Age of Imperialism

    Jonathan A. Grant

    2007 5 tables 304 pp.Cloth $52.50 / 38.95

    ISBN978-0-674-02442-7

    Family Capitalism

    Wendels, Haniels, Falcks, and theContinental European Model

    Harold James

    Belknap 2006 23 halftones,19 line illus., 3 maps, 3 tables 448 pp.Cloth $39.95 / 29.95ISBN978-0-674-02181-5

    Pull

    Networking and Success sinceBenjamin Franklin

    Pamela Walker Laird

    Harold F. Williamson Prize,Business History Conference

    Hagley Prize in Business History,The Business History Conference

    & The Hagley MuseumHarvard Studies in Business History2007; 2005 16 halftones 464 pp.Paper $20.00 / 14.95ISBN978-0-674-02553-0

    A Cu lture of Cred it

    Embedding Trust and Transparencyin American Business

    Rowena Olegario

    Harvard Studies in Business History

    2006 288 pp.Cloth $44.50 / 32.95ISBN978-0-674-02340-6

    Born Losers

    A History of Failure in America

    Scott A. Sandage

    Thomas J. Wilson Prize

    2006; 2004 30 halftones 384 pp.Paper $19.00 / 14.95ISBN978-0-674-02107-5

    Made to Break

    Technology and Obsolescencein America

    Giles Slade

    Independent PublisherBook Award,Environment/Ecology/Nature

    2007; 2006 336 pp.Paper $17.00 / 12.95ISBN978-0-674-02572-1

    E C O N O M I C & B U S I N E S S H I S T O R Y

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    NEW in paperback

    STARVED FORSCIENCE

    How Biotechnology Is Being Kept Out of Africa

    ROBERT PAARLBERG

    Foreword by Norman Borlaug and Jimmy Carter

    InStarved for ScienceRobert Paarlberg explains why poor African farmers are de-nied access to productive technologies, particularly genetically engineered seeds

    with improved resistance to insects and drought. He traces this obstacle to the cur-rent opposition to farm science in prosperous countries. Having embraced agricul-tural science to become well-fed themselves, those in wealthy countries are nowinstructing Africans on the most dubious grounds not to do the same.

    Europeans, who have so much food they do not need the help of science tomake more, are pushing their prejudices on Africa, which still relies on foreignaid to feed its people. [Paarlberg] calls on global policymakers to renew invest-ment in agricultural science and to stop imposing visions of organic food purityon a continent that has never had a green revolution. As governments lookfor ways of tackling what is now commonly called a global food crisis withunprecedented price increases in basic foodstuffs, this book offers welcomefood for thought.

    JENNY WIGGINS, FINANCIAL TIMES

    2009; 2008 3 halftones, 1 line illus., 2 tables 256 pp.Paper $16.95 / 12.95 ISBN978-0-674-03347-4

    NEW in paperback

    A GOVERNMENT ILL EXEC UTED

    The Decline of the Federal Service and How to Reverse ItPAUL LIGHT

    Foreword by Paul A. Volcker

    Everyone running for Congress should read this book. If our political leaders donot confront this pattern of desperate concern, says this sober scholar, they arelikely to preside over a string of meltdowns that will make the federal response toHurricane Katrina look like a minor mistake.

    BILL MOYERS, BILL MOYERS JOURNAL

    This book provides an important contribution to the literature on federal per-sonnel, and it should be required reading among scholars who study the federal

    bureaucracy, the U.S. presidency, and public administration.A. L. WARBER, CHOICE

    2009; 2008 27 tables 288 pp.Cloth $45.00 / 33.95 ISBN978-0-674-02808-1Paper $18.95 / 14.95 ISBN978-0-674-03478-5

    NEW in paperback

    WORST-CASE SCENARIOS

    CASS R. SUNSTEIN

    Nuclear bombs in suitcases, anthrax bacilli in ventilators, tsunamis, avian flu: nightmares that were once

    the plot of Hollywood movies are now frighteningly real possibilities. How can we steer a path betweenwillful inaction and reckless overreaction? Cass Sunstein explores how we might best prevent these andother worst-case scenarios in this vivid and illuminating analysis.

    Sunsteins book is best when he discusses how we weigh up the costs of protecting ourselves againstthe benefits of doing so. Many object to cost-benefit analysis, regarding it as cold and mechanical,particularly the placing of monetary value on human lives. Sunstein accepts it is a rough instrument,but he argues that many of us implicitly use it.

    MICHAEL SKAPINKER, FINANCIAL TIMES

    Sunstein writes engagingly, though in a way that scolds us a little for our irrational foibles; and hecan illuminate very complex areas of rational choice theoryso that intelligent thought about deci-

    sion-making in conditions of uncertainty is brought within reach of the sort of non-specialist readerwho is likely to have a practical or political interest in these matters.

    JEREMY WALDRON, LONDON REVIEW OF BOOKS

    2009; 2007 13 tables 352 pp. Paper $18.95 / 14.95 ISBN978-0-674-03251-4

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    P O L I T I C A L E C O N O M Y

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    INSTITUTIONS ANDECONOMIC PERFORMANCE

    EDITED BY ELHANAN HELPMAN

    Why are some societies but not others able to encourage investments inplaces, people, and productivity? This book delivers a powerful message that

    the answer lies in large part in institutional differences across societies. It isthe most successful interdisciplinary endeavor in the social sciences that Ihave ever had the pleasure to read.

    DANIEL TREFLER, UNIVERSITY OF TORONTO

    A first-rate book that bridges theory, history, and empirical analysis.

    NATHAN SUSSMAN, HEBREW UNIVERSITY

    2008 50 line illus., 59 tables 624 pp. Cloth $55.00 / 40.95 ISBN978-0-674-03077-0

    WHY THE GAR DE N CLU BCOULDNT SAVE YOUNGSTOWN

    The Transformation of the Rust Belt

    SEAN SAFFORD

    This extraordinary look inside the fates of two down-and-out Rust Beltcitieshow one came back from decline and the other went into a deathspiralhas lessons for cities everywhere. It challenges the benefits of being atight-knit community and shows, instead, that the people who bridge andconnect among a citys networks prove most valuable. So who are your citysconnectors? If you dont know, youd better find out.

    CAROL COLETTA, PRESIDENT AND CEO, CEOS FOR CITIES

    A fascinating studyWhy the Garden Club Couldnt Save Youngstownhas important lessons for scholars and policymakers interested in economicadaptation.

    ANNALEE SAXENIAN, AUTHOR OF THE NEW ARGONAUTS

    2008 16 line illus., 20 tables 224 pp. Cloth $29.95 / 22.95 ISBN978-0-674-03176-0

    CAP ITALI STS , WORKERS,AN D FISCAL POLICY

    A Classical Model of Growth and Distribution

    THOMAS R. MICHL

    Drawing on the work of the classical-Marxian economists and their modern suc-cessors,Capitalists, Workers, and Fiscal Policysets forth a new model of economicgrowth and distribution, and applies it to two major policy issues: public debt andsocial security.

    A chief message of the book is that fiscal debt redistributes wealth in favor ofthe already wealthy and thus increases the polarization of society between richand poor. An original and thought-provoking treatise.

    HEINZ D. KURZ, UNIVERSITY OF GRAZ

    2008 50 line illus., 13 tables 320 pp. Cloth $55.00 / 40.95 ISBN978-0-674-03167-8

    THE ORIGINS OF EUROPE SNEWSTOCKMAR KET S

    ELLIOT POSNER

    An excellent book about the evolution of equity markets in Europe and aremarkable wave of institutional innovation during the late 1990s and early

    years of the new century.

    RAWI ABDELAL, AUTHOR OF CAPITAL RULES

    A wonderful book. Posner provides a pathbreaking account of the astoundingtransformation that is occurring in the realm of private finance in the European Union.

    KATHLEEN R. MCNAMARA, AUTHOR OFTHE CURRENCY OF IDEAS

    2008 3 line illus., 3 tables 264 pp. Cloth $45.00 / 33.95 ISBN978-0-674-03171-5

    13P O L I T I C A L E C O N O M Y

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    GoverningNonprofitOrganizations

    Federal and StateLaw and Regulation

    Marion R.Fremont-Smith

    Outstanding Bookin Nonprofit and

    Voluntary ActionResearch Prize,Association forResearch onNonprofitOrganizations& Voluntary Action

    Second Place,Virginia HodgkinsonResearch Prize,Sponsored byIndependent Sector

    Belknap 2008; 2004

    5 tables 570 pp.Paper $45.00 / 33.95ISBN978-0-674-03045-9

    Am er ic anAg ricu lture in th eTwentieth Century

    How It Flourishedand What It Cost

    Bruce L. Gardner

    Quality ofCommunicationAward, Sponsoredby the AmericanAgricultural EconomicsAssociation

    2006; 2002 81 line illus.,32 tables 400 pp.Paper $31.00 / 22.95ISBN978-0-674-01989-8

    RegulatingInfrastructure

    Monopoly, Contracts,and Discretion

    Jos A. Gmez-Ibez

    2006; 2003 7 line illus.,29 tables 448 pp.Paper $30.00 / 22.95ISBN978-0-674-02238-6

    The Business ofLobbying in China

    Scott Kennedy

    2008; 2004 14 tables,1 line illus. 278 pp.Paper $19.95 / 14.95ISBN978-0-674-02744-2

    InnovationThe MissingDimension

    Richard K. Lester

    and Michael J. Piore

    2006; 20041 line illus. 240 pp.Paper $18.00 / 13.95ISBN978-0-674-01994-2

    The Stateafte r Stat is m

    New State Activities inthe Age of Liberalization

    Edited by Jonah Levy

    2006 6 line illus.,6 tables 488 pp.Paper $28.00 / 20.95ISBN978-0-674-02277-5

    The Dismal Science

    How Thinking Like anEconomist UnderminesCommunity

    Stephen A. Marglin

    2007 1 table 376 pp.Paper $22.95 / 16.95 OISCISBN978-0-674-04722-8

    Rewarding Work

    How to RestoreParticipation and Self-Support to Free Enterprise,with a New Preface

    Edmund S. Phelps

    Edmund S. Phelps isWinner of the NobelPrize in Economics

    2007 1 table 208 pp.Paper $19.00 / 14.95ISBN978-0-674-02694-0

    PoliticalCompetition

    Theory and Applications

    John E. Roemer

    2006; 2001 46 line illus.,22 tables 352 pp.Paper $22.50 / 16.95ISBN978-0-674-02105-1

    Racism,Xe no phob ia ,an dDistribution

    Multi-Issue Politicsin AdvancedDemocracies

    John E. Roemer,Woojin Lee, and

    Karine Van derStraeten

    Russell Sage Foundation2007 59 line illus.,99 tables 432 pp.Cloth $73.50 / 54.95ISBN978-0-674-02495-3

    Strategies ofCommitment andOther Essays

    Thomas C. Schelling

    Thomas C. Schellingis Co-Recipient ofthe Nobel Prize inEconomics

    2007; 200632 line illus. 360 pp.Paper $21.00 / 15.95ISBN978-0-674-02567-7

    Choice andConsequence

    Thomas C. Schelling Thomas C. Schelling

    is Co-Recipient ofthe Nobel Prize inEconomics

    1985 9 line illus. 379 pp.Paper $28.00 / 20.95ISBN978-0-674-12771-5

    The Tyrannyof the Market

    Why You Cant AlwaysGet What You Want

    Joel Waldfogel

    2007 5 line illus.,6 tables 216 pp.Cloth $37.00 / 27.95ISBN978-0-674-02581-3

    P O L I T I C A L E C O N O M Y

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    NEW

    BIOLOGYIS TECHNOLOGY

    The Promise, Peril, and New Business of Engineering Life

    ROBERT H. CARLSON

    Technology is a process and a body of knowledge as much as a collection of arti-

    facts. Biology is no differentand we are just beginning to comprehend the chal-lenges inherent in the next stage of biology as a human technology. It is this criticalmoment, with its wide-ranging implications, that Robert Carlson considers inBiology Is Technology. He offers a uniquely informed perspective on the endeavorsthat contribute to current progress in this areathe science of biological systemsand the technology used to manipulate them.

    Since Rob Carlson istheauthoritative tracker of progress in biotech, this bookis the most completeand excitingchronicle of the technological revolutionthat promises to dominate this century.

    STEWART BRAND, AUTHOR OF WHOLE EARTH DISCIPLINE

    Biology is Technologymakes a tremendous contribution to public analysis of avery important emerging field.

    ARTI K. RAI, DUKE LAW SCHOOL

    Carlson clearly frames a fresh future for biotechnology. Each chapter, fromtechnology trends to property rights and biosecurity conundrums, invites closereading and vibrant discussion.

    DREW ENDY, STANFORD BIOENGINEERING

    & THE BIOBRICKS FOUNDATION

    2009 19 line illus., 7 tables 288 pp. Cloth $39.95 / 29.95 ISBN978-0-674-03544-7

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    TOTAL CURE

    The Antidote to theHealth Care Crisis

    HAROLD S. LUFT

    In America, we pay more thanany other country does forhealth care that has inconsis-tent quality, leaves millionsuninsured, and wastes billions

    of dollars on unnecessary careand administration. InTotalCure, Hal Luft recognizes that changingthe payment system must be the foundationfor any real health reform.

    PETER V. LEE, EXECUTIVE DIRECTOR,

    NATIONAL HEALTH POLICY,

    PACIFIC BUSINESS GROUP ON HEALTH

    Luft has written a sober, thoughtful volumeIt may also prove very influential.

    DAVID GRATZER, FORBES

    Some readers not versed in health policy mayfindTotal Curechallenging. It rewards the effort,however, by providing both an important newhealth care reform option and an illuminatingtutorial on the issues at stake.

    SAMUEL Y. SESSIONS, JOURNAL OF THEAME RICAN MED ICA L ASSOCI ATION

    LuftsTotal Cureis just what the policy doctorson Capitol Hill will need: a wise, postpartisan,durable shop manual for how to make health

    reform actually happen in our time.J. D. KLEINKE, HEALTH AFFAIRS

    2008 7 line illus., 2 tables 336 pp.Cloth $27.95 / 20.95 ISBN978-0-674-03210-1

    NEW in paperback

    DOE S ETHICS HAVE ACHANCEIN AWORLD OF CONSUMERS?

    ZYGMUNT BAUMAN

    Zygmunt Bauman, one of the most admiredsocial thinkers of our time, seeks to liberateus from the thinking that renders us hope-less in the face of our own domineering gov-ernments and threats from unknown forcesabroad. Gracefully, provocatively, Baumanurges us to think in new ways about a newlyflexible, newly challenging modern world.

    As Bauman notes, quoting Vaclav Havel,hope is not a prognostication. It is, along-side courage and will, a mundane, common

    weapon that is too seldom used.

    Zygmunt Baumans voice is as exemplaryas it is powerfulThis is a very importantcollection by one of the leading thinkers ofour time.

    RON EYERMAN,

    YALE UNIVER SIT Y

    This thoughtful and elegant little bookby one of the worlds most humble but dis-tinguished intellectuals conveys a sense thatthe wisdom of a lifetime is being distilledhere in a pithy but above all in a usableform.

    PAUL GILROY,

    LONDON SCHOOL OF CONOMICS

    Institute for Human Sciences Vienna Lecture Series2009; 2008 288 pp.Paper $17.95 / 13.95 ISBN978-0-674-03351-1

    S O C I A L E C O N O M I C S

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    NEW in paperback

    VAL UI NG CHILDREN

    Rethinking the Economics of the Family

    NANCY FOLBRE

    [A] capstone workFolbre systematically addresses questions surrounding

    the value of children. Although some answers will not surprise, her unpackingof time, goods, and federal and state program costs and benefits both informsand provokes new thinking. The critical question is, who should pay for kids?The payees and benefit claimants are parents, earlier and subsequent familialgenerations, children themselves, and society via its government. What shouldhold these disparate groups together, Folbre implores, is the notion of moralobligation. Would that her vision becomes reality.

    D. J. CONGER, CHOICE

    An excellent analysis of economics and family policy. Folbre develops a newway of thinking about the economics of child rearing, that of treating childrenas an investment rather than a consumption good. Although Folbre characterizes

    her approach as institutional economics, she has really added to a wide varietyof economic fields beyond that.

    SHEILA KAMERMAN,

    COLUMBIA UNIVERSITY SCHOOL OF SOCIAL WORK

    The Family and Public Policy 2010; 2007 7 line illus., 14 tables 248 pp.Paper $21.95 / 16.95 ISBN978-0-674-04727-3

    BEIJING TIM E

    MICHAEL DUTTON, HSIU-JU STACY LO, AND DONG DONG WU

    A fascinating cultural mapping of modern Beijing. Here are ring roads that

    resemble successive reworkings of the old city wall; here is the district forsaw-gash CDs (imperfect discs dumped by western record labels on the Chinese market), wherethe young bob for Sex Pistols albumsThe book is a useful street-level corrective to received ideas.In particular, its interviews with citizensare wonderfully humane.

    STEVEN POOLE, THE GUARDIAN

    2008 73 halftones, 4 maps 288 pp.Cloth $26.95 / 19.95 ISBN978-0-674-02789-3 Paper $17.95 / 13.95 ISBN978-0-674-04734-1

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    CreativeIndustries

    Contracts betweenArt and Commerce

    Richard E. Caves

    2002; 2000 464 pp.Paper $27.00 / 19.95

    ISBN978-0-674-00808-3

    Making Good

    How Young PeopleCope with MoralDilemmas at Work

    Wendy Fischman,Becca Solomon,Deborah Schutte,

    and HowardGardner

    2005; 2003 3 line illus.,1 table 224 pp.Paper $18.50 / 13.95ISBN978-0-674-01830-3

    Investingin College

    A Guide forthe Perplexed

    Malcolm Getz

    2008; 2007 2 line illus.,6 tables 304 pp.

    Paper $15.95 / 11.95ISBN978-0-674-03046-6

    Welfar e Re fo rm

    Effects of a Decadeof Change

    Jeffrey Groggerand Lynn A. Karoly

    A RAND CorporationStudy 2005

    45 line illus.,27 tables 352 pp.Cloth $57.50 / 42.95ISBN978-0-674-01891-4

    S O C I A L E C O N O M I C S

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    NEW in paperback

    WHAT CHILDREN NEED

    JANE WALDFOGEL

    Emphasizing the importance of parental choice, quality of care, and work opportu-nities, economist Jane Waldfogel guides readers through a maze of social science

    research evidence to offer comprehensive answers and a vision for change. Drawingon the evidence, Waldfogel proposes a bold new plan to better meet the needs ofchildren in working families, from birth through adolescence, while respecting thecore values of choice, quality, and work.

    What Children Needis an impressive, thought-provoking synthesis of informa-tion and ideas for designing social policy to support the healthy development ofchildren living in an industrialized world.

    LISA GENNETIAN,

    INDUSTRIAL AND LABOR RELATIONS REVIEW

    [Waldfogels] analysis is written from an American perspective, and most of herstatistics refer to the United States, but the issues and her discussion of them

    transcend national boundaries.GERALD HAIGH,TIMES EDUCATIONAL SUPPLEMENT

    The Family and Public Policy 2010; 2006 12 tables 278 pp.Paper $19.95 / 14.95 ISBN978-0-674-04640-5

    TAP PI NG TH E RICHES OF SCIENCE

    Universities and the Promise of Economic Growth

    ROGER L. GEIGER AND CRESO M. S

    [The authors] provide an excellent discussion of how economic relevance has

    become a central element in the mission of major universities throughout thecountry. In doing so, [Geiger and S] catalog the changes in federal funding, state policy, anduniversity organization that have substantially altered the context for scientific research in thepast three decadesAnyone involved or interested in higher education management, sciencepolicy, or economic development will find much of value here.

    J. L. ROSENBLOOM,CHOICE

    2008 1 line art, 11 tables 262 pp.Cloth $39.95 / 29.95 ISBN978-0-674-03128-9

    17

    Fairnessve rs us Welfar e

    Louis Kaplow andSteven Shavell

    2006; 2001 576 pp.Paper $49.95 / 36.95ISBN978-0-674-02364-2

    Chutes andLadders

    Navigating the Low-Wage Labor Market

    Katherine S.Newman

    Russell Sage Foundation

    2008; 200616 line illus.,37 tables 432 pp.Paper $19.95 / 14.95ISBN978-0-674-02753-4

    Off the Books

    The Underground Economyof the Urban Poor

    Sudhir AlladiVenkatesh

    C. Wright MillsAward, Sponsored by

    The Society for theStudy of SocialProblems

    2008; 2006 448 pp.Paper $17.95 / 13.95ISBN978-0-674-03071-8

    The New Americans

    A Guide to Immigrationsince 1965

    Edited byMary C. Watersand Reed Ueda

    With Helen B. Marrow

    Harvard University PressReference Library 20061 map, 106 tables 736 pp.Cloth $45.00 / 33.95ISBN978-0-674-02357-4

    S O C I A L E C O N O M I C S

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    THE LIABILITYCENTURY

    Insurance and Tort Law from the Progressive Era to 9/11

    KENNETH S. ABRAHAM

    [A] seminal book on tort liability and insurance systems. [Abraham]systematically outlines the interdependency of the tort liability system

    and the insurance industry in the U.S. during the 20th century, includingthe impact of September 11, 2001.

    R. A. CARP, CHOICE

    In demonstrating the complex interactions between tort and insurance,The Liability Centurymakes an important contribution to our understandingof two reciprocally-related and very important institutions in our legallandscape.

    JAMES A. HENDERSON, JR., CORNELL LAW SCHOOL

    2008 288 pp. Cloth $45.00 / 33.95 ISBN978-0-674-02768-8

    INNOVATION CORRUPTEDThe Origins and Legacy of Enrons Collapse

    MALCOLM SALTER

    A superb book.Innovation Corruptedprovides the deepest analysis yet ofthe collapse of Enron. Its essential reading for anyone who wants to under-stand why success without an ethical foundation leads to disaster.

    BILL GEORGE, AUTHOR OF TRUE NORTH

    Salter goes beyond previous books by proposing practical recommendations(regarding board oversight, financial incentives, and the maintenance of ethicaldiscipline) for preventing future disasters. Salter has produced a very readable,

    comprehensive analysis of the social pathologies and administrative failures thatled to Enrons implosion.

    D. C. DALY, CHOICE

    2008 10 line illus., 16 tables 544 pp.Cloth $35.00 / 25.95 ISBN978-0-674-02825-8

    INSTITUTIONAL FOUNDATIONS OF PUBLIC FINANCE

    Economic and Legal Perspectives

    EDITED BY ALAN J. AUERBACH AND DANIEL N. SHAVIRO

    Dealing with fiscal language, fiscal federalism, corporate finance, and thechoice between income and consumption taxation, this volume is a gem.

    ROSANNE ALTSHULER, RUTGERS UNIVERSITY

    An easily accessible, first-rate introduction to the big issues in tax policy.

    JOSEPH BANKMAN, STANFORD LAW SCHOOL

    2008 1 graph, 3 tables, 1 halftone 296 pp.Cloth $49.95 / 36.95 ISBN978-0-674-03097-8

    THE ECONOMIC STRUCTURE OF INTERNATIONALLAW

    JOEL P. TRACHT MAN

    Neither political scientists nor economists have known enough about law toshow how a rational institutional analysis would relate to various technical rulesand specific practices of international law, as Trachtman does. It is impressivethat Trachtman, who is thoroughly learned in the law, is also highly competentin the relevant portions of economics and political science. The EconomicStructure of International Lawshould help to set a standard for the systematicuse of social science in the analysis of international law.

    ROBERT O. KEOHANE,JOURNAL OF ECONOMIC LITERATURE

    2008 3 line illus., 9 tables 368 pp. Cloth $55.00 / 40.95 ISBN978-0-674-03098-5

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    L A W & E C O N O M I C S

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    BIOBAZAAR

    The Open Source Revolution and Biotechnology

    JANET HOPE

    Finalist, Independent Publisher Book Awards, Science

    [A] rigorous, closely reasoned book. Referencing Thomas Kuhns ground-

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    PUBLISHERS WEEKLY

    2007 448 pp. Cloth $27.95 / 20.95 ISBN978-0-674-02635-3

    19

    New Foundations ofCost-Benefit Analysis

    Matthew D. Adler andEric A. Posner

    2006 7 line illus., 4 tables 256 pp.Cloth $55.50 / 41.95ISBN978-0-674-02279-9

    Pay without Performance

    The Unfulfilled Promiseof Executive Compensation

    Lucian Bebchukand Jesse Fried

    2006; 2004 304 pp.Paper $21.00 / 15.95ISBN978-0-674-02228-7

    Framing Contract Law

    An Economic Perspective

    Victor Goldberg

    2006 5 tables 424 pp.Cloth $72.00 / 53.95ISBN978-0-674-02312-3

    The Antitrust Enterprise

    Principle and ExecutionHerbert Hovenkamp

    2008; 2005 5 line illus. 376 pp.Paper $24.95 / 18.95ISBN978-0-674-02741-1

    The EconomicStructure of

    IntellectualProperty Law

    William M. Landesand Richard A. Posner

    Belknap 2003 23 line illus., 9 tables448 pp. Cloth $54.50 / 40.95ISBN978-0-674-01204-2

    Beyond Winning

    Negotiating to Create Valuein Deals and Disputes

    Robert H. Mnookin,Scott R. Peppet, andAndrew S. Tulumello

    Honorable Mention,Professional/ScholarlyPublishing Annual Awardof the Association ofAmerican Publishers,Business/Management/Accounting

    Belknap 2004; 200015 line illus. 368 pp.Paper $23.00 / 17.95ISBN978-0-674-01231-8

    Negotiation Analysis

    The Science and Art ofCollaborative Decision Making

    Howard Raiffawith John Richardsonand David Metcalfe

    Center for Public ResourcesAward for Excellence inAlternate Dispute Resolution,Outstanding Book

    Belknap 2007; 200298 line illus., 91 tables 576 pp.Paper $31.00 / 22.95 OIP

    ISBN978-0-674-02414-4

    Economic Analysisof Accident Law

    Steven Shavell

    2007; 1987 8 line illus.,13 tables 320 pp.Paper $31.50 / 23.95ISBN978-0-674-02417-5

    Foundations ofEconomic Analysisof Law

    Steven Shavell

    Belknap 2003 11 tables 768 pp.Cloth $80.50 / 59.95ISBN978-0-674-01155-7

    L A W & E C O N O M I C S

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    textbooks for course use

    General Equilibrium,Overlapping GenerationsModels, and OptimalGrowth Theory

    Truman F. Bewley

    2006 138 line illus. 624 pp.Cloth $72.00 / 53.95ISBN978-0-674-02288-1

    Estimating Howthe Macroeconomy Works

    Ray Fair

    2004 19 line illus.,42 tables 314 pp.Cloth $77.00 / 57.95ISBN978-0-674-01546-3

    The ABCs of RBCs

    An Introduction to DynamicMacroeconomic Models

    George McCandless

    2008 78 line illus.,27 tables 448 pp.Cloth $59.95 / 44.95ISBN978-0-674-02814-2

    Identification forPrediction and Decision

    Charles F. Manski

    2007 2 line illus., 7 tables 368 pp.Cloth $58.00 / 42.95ISBN978-0-674-02653-7

    Game TheoryAnalysis of Conflict

    Roger B. Myerson

    Roger B. Myersonis Winner of theNobel Memorial Prizein Economic Science

    1997; 1991 42 line illus.29 tables 600 pp.Paper $35.00 / 25.95 OISCISBN978-0-674-34116-6

    City Economics

    Brendan OFlaherty

    2005 53 line illus. 608 pp.Cloth $69.00 / 51.95ISBN978-0-674-01918-8

    Reconstructing

    MacroeconomicsStructuralist Proposals andCritiques of the Mainstream

    Lance Taylor

    2003 64 line illus.,29 tables 456 pp.Cloth $72.50 / 53.95ISBN978-0-674-01073-4

    Income, Wealth, andthe Maximum Principle

    Martin L. Weitzman2007; 2003 4 line illus. 358 pp.Paper $27.50 / 20.95ISBN978-0-674-02576-9

    20

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    T E X T B O O K S F O R C O U R S E U S E

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    21

    A Sh ort Hi story of Dist ri buti ve Ju st ic e

    Samuel Fleischacker

    A Choice Magazine Outstanding Academic Title

    2005; 2004 204 pp.Paper $19.50 / 14.95 ISBN978-0-674-01831-0

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    THE ROAD FROMMON T PLERIN

    The Making of the NeoliberalThought Collective

    EDITED BY PHILIP MIROWSKIAND DIE TER PLEHWE

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    from Mont Plerin presents the keydebates and conflicts that occurredamong neo-liberal scholars and

    their political and corporate alliesregarding trade unions, develop-ment economics, antitrust policies,and the influence of philanthropy.

    The Road from Mont Plerinuncoversand lays bare the origins of one of themost important political phenomenaof our timethe development of theneoliberal discourse coalition that hascome to shape the modern politicaleconomy.

    FRANK FISCHER,RUTGERS UNIVERSITY

    A fascinating and important book,one that speaks in radical, perceptive,and provocative ways to contemporarydebates around neoliberalism.

    JAMIE PECK,

    UNIVERSITY OF

    BRITISH COLUMBIA

    This excellent book contributessignificantly to our understandingof the origins of neoliberalism andits transformation into politicaldiscourse and policy.

    STEVEN LUKES,

    NEW YORK UNIVERSITY

    2009 1 line illus., 5 tables 480 pp.Cloth $55.00 / 40.95ISBN978-0-674-03318-4

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    JEALOUSY OF TRADE

    International Competition and theNation-State in Historical Perspective

    ISTVAN HONT

    J. David Greenstone Book Prize,Awarded by the Politics andHistory Section of the APSA

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    [A] major new studyJealousy ofTradeis a collection of pioneeringessays in the history of political andeconomic thought, focused on aperiod extending from the seven-

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    RICHARD BOURKE,

    TIMES LITERARY

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    FRE E RIDING

    RICHARD TUCK

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    widest assumptions in contemporary economic andsocial thought and calls them into question; and itprovides a very illuminating history of the appearanceof those assumptions.

    PHILIP PETTIT, PRINCETON UNIVERSITY

    Original, full of good ideas and insights, Richard TucksFree Ridingcould initiate an important debate about the

    least human of the human sciences.JOHN FEREJOHN,STANFORD UNIVERSITY

    2008 7 line illus. 232 pp.Cloth $35.00 / 25.95ISBN978-0-674-02834-0

    H I S T O R Y O F E C O N O M I C T H O U G H T

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    NEW

    THE THIRTYYEARS WAR

    Europes Tragedy

    PETER H. WILSON

    Runner-up,Atlantic Booksof the Year

    An IndependentBest History Book

    of the YearA history of prodigious erudition that manages tocorral the byzantine complexity of the Thirty Years

    War into a coherent narrative. It also offers a brac-ingly novel interpretation. Historians typically por-tray the Thirty Years War as the last and goriest ofEuropes religious warsa final bonfire of thezealots before the cooler age of enlightened state-craft. Wilson severely qualifies this conventional

    wisdom. It turns out that the quintessential war ofreligion was scarcely one at allWilsons masterful

    account of the Thirty Years War is a reminder thatwar, and peace, are almost never the offspring ofconviction alone.

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    Belknap 2009 8 color illus., 8 halftones, 22 maps1040 pp. Cloth $35.00 / USA ISBN978-0-674-03634-5

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    AMERICANHOMICIDE

    RANDOLPH ROTH

    Randolph Roth tracesthe history of our mur-dering ways throughthe lens of our feelingsabout those in powerRoth argues thathow we see ourselves

    in relation to our governmentfringe movementor ruling party, patronized or disenfranchisedis atthe heart of many decisions to take another lifeIfan individual feels secure in his social standing, itseasier to get over lifes disappointments. But for aperson who feels alienated from the AmericanDream, the tiniest offense can provoke a murderousrageLooking at the fluctuating homicide rate at

    various times in our history, Roth tracks the histori-cal consequences of shifting powerRoths bookalso offers a warning about our volatile political

    rhetoric. Words can have real-life, even violent, con-sequences.American Homicideis a vivid reminderthat politics isnt just about winningits also abouthow you treat those who lose.

    RAINA KELLEY, NEWSWEEK

    Belknap 2009 31 charts, 1 map, 1 table 672 pp.Cloth $45.00 / 33.95 ISBN978-0-674-03520-1

    22

    www.hup. har var d.e du / 1 -800 -405 -161 9 ( i n U. S. o nly)

    for your personal library

    Abdelal, Capital Rules, 7Abraham, Liability Century, 18Adas, Dominance by Design, 10Adler, New Foundations of Cost-Benefit, 19Andrews, Killing for Coal, 11Auerbach, Institutional Foundations of, 18Bateman, Return to Keynes, 4Bauman, Does Ethics Have a Chance, 15Bebchuk, Pay without Performance, 19Bewley, General Equilibrium, 20Bewley, Why Wages Dont Fall during, 6Bose, Hundred Horizons, 11Carlson, Biology Is Technology, 15Caves, Creative Industries, 16Chandler, Shaping the Industrial Century, 9Diamond, Natural Experiments of History, 4Dutton, Beijing Time, 16Edelson, Plantation Enterprise in, 11Fair, Estimating How the Macro, 20Fischman, Making Good, 16Fleischacker, Short History of, 21Folbre, Valuing Children, 16Foley, Adams Fallacy, 6Fraser, Ruling America, 11Fremont-Smith, Governing Nonprofit, 14Gardner, American Agriculture, 14Geiger, Tapping the Riches of Science, 17

    Getz, Investing in College, 16Gilroy, Darker than Blue, 8Goldberg, Framing Contract Law, 19Goldin, Race between Education, 2Gmez-Ibez, Regulating Infrastructure, 14Grant, Rulers, Guns, and Money, 11Grogger, Welfare Reform, 16Hardt, Commonwealth, 8

    Hardt, Empire, 8Helpman, Institutions and Economic, 13Helpman, Mystery of Economic Growth, 7Helpman, Organization of Firms, 7Hoffman, Surviving Large Losses, 6Hont, Jealousy of Trade, 21Hope, Biobazaar, 19Hovenkamp, Antitrust Enterprise, 19

    James, Family Capitalism, 11James, Creation and Destruction of Value, 3James, End of Globalization, 6Kaplow, Fairness versus Welfare, 17Kennedy, Business of Lobbying in China, 14Laird, Pull, 11Landes, Economic Structure of, 19Lester, Innovation, 14Levy, State after Statism, 14Light, Government Ill Executed, 12Luft, Total Cure, 15Luttwak, Grand Strategy of the, 9Mann, Republic of Debtors, 10Manski, Identification for Prediction, 20Marcus, Lipstick Traces, 24Marcus, New Literary History, 24Marglin, Dismal Science, 14McCandless, ABCs of RBCs, 20McCraw, Prophet of Innovation, 10

    Michl, Capitalists, Workers, and, 13Mihm, Nation of Counterfeiters, 10Mirowski, Road from Mont Plerin, 21Mnookin, Beyond Winning, 19Moreton, To Serve God and Wal-Mart, 5Moss, When All Else Fails, 6Myerson, Game Theory, 20Newman, Chutes and Ladders, 17

    OFlaherty, City Economics, 20Olegario, Culture of Credit, 11Paarlberg, Starved for Science, 12Phelps, Rewarding Work, 14Posner, Failure of Capitalism, 2Posner, Origins of Europes New Stock, 13Raiffa, Negotiation Analysis, 19Roemer, Political Competition, 14Roemer, Racism, Xenophobia, 14Roth, American Homicide, 22Safford, Why the Garden Club, 13Salter, Innovation Corrupted, 18Sandage, Born Losers, 11Saxenian, New Argonauts, 7Schelling, Choice and Consequence, 14Schelling, Strategies of Commitment, 14Sen, Idea of Justice, 3Shavell, Economic Analysis of, 19Shavell, Foundations of Economic, 19Siegfried, Better Living through Economics, 5Slade, Made to Break, 11Suisman, Selling Sounds, 8Sunstein, Worst-Case Scenarios, 12Taylor, Reconstructing Macroeconomics, 20Trachtman, Economic Structure of, 18Tuck, Free Riding, 21Usner, Indian Work, 9

    Venkatesh, Off the Books, 17Waldfogel, Tyranny of the Market, 14Waldfogel, What Children Need, 17Wang, Brand New China, 7Wang, Chinas New Order, 7Waters, New Americans, 17Weitzman, Income, Wealth, 20Wilson, Thirty Years War, 22

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    Belknap 2009 59 halftones, 25 line illus.496 pp. Paper $24.95 / 18.95 COBEISBN978-0-674-03480-8