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Machiavelli warned us; corporations listened.

Stamenova I: The Prince of Profit

The Prince of Profit

In a moment of interlocking and compounding crises that many commentators have aptly termed the "polycrisis," a leading analyst offers a clear-eyed account of the underlying economic trends fueling the global instability and market mayhem that have come to characterize contemporary capitalism. 
 
Rampant inequality. Unchecked climate change. A global pandemic. And now, seething international divisions and the escalatory spiral of war and state violence. As the world moves toward the end of the 2020s, each of the pieces of this mosaic are becoming impossible to ignore, but how do they all fit together? And where is it all heading?&nbsp; 
 
To answer these questions, economist and Marxist commentator Michael Roberts draws on his forty-plus years of experience working in various financial institutions in the City of London to provide an empirically grounded and wide ranging appraisal of the global situation.&nbsp; 
 
Roberts takes readers on a tour of the contemporary global economy, first by turning back to the Great Recession of 2008, and then offering a granular look at the economic priorities and contradictions of every region of the world. His analysis unearths the fault lines left behind by our most recent financial meltdown and how they fuel the economic engines driving the ecological crisis and resurgence of inter-imperial conflict. 
 
What emerges from this accounting of the polycrisis is the inescapable fact that capitalism's rapacious drive toward profit over and against any geopolitical boundaries or ecological limits threatens both humanity and the planet.

Portraits of Life after Juvenile Incarceration

Morning from Now On

Evidence over Ideology: Thomas Sowell's Intellectual Legacy Economist and social theorist Thomas Sowell has shaped how millions think about markets, culture, and public policy through bestselling books, syndicated columns, and viral videos that have reached new generations. This collection brings together leading scholars--Steven Pinker, Condoleezza Rice, Niall Ferguson, John H. Cochrane, Glenn C. Loury, Roland G. Fryer Jr., and others--to honor Sowell's extraordinary career spanning six decades and more than 40 books. These essays don't just celebrate--they extend and challenge Sowell's ideas with fresh research and contemporary analysis, applying his core insights to today's most pressing questions: Culture and Economics: Glenn C. Loury and Roland G. Fryer Jr. explore how cultural forces shape economic outcomes, testing Sowell's claims about the relationships between norms, institutions, and inequality. Migration and Ethnicity: Nancy Qian follows Sowell's tracks to analyze how immigrant communities develop economically, examining cultural transmission across generations. Developing Economies: Paola Sapienza applies Sowell's framework to contemporary challenges in Vietnam and other developing nations, examining state-owned enterprises, industrial policy, and the knowledge problem in centralized planning. Education and Human Development: Eric A. Hanushek and Margaret E. Raymond apply Sowell's framework to debates about school choice, charter schools, and what drives student achievement. Knowledge and Public Policy: Steven Pinker and others examine the limits of expertise and how incentive structures shape decision-making in government and institutions. Late-Talking Children: Stephen Camarata examines how Sowell challenged medical orthodoxy through personal research on bright children who talk late, questioning expert consensus even beyond economics. Sowell has made an impact by following evidence wherever it leads--regardless of inconvenient truths. This volume shows why his analytical approach remains essential to policy professionals, scholars, and anyone questioning conventional wisdom about inequality, education, and government intervention.

Ideas, Impact, and Intellectual Freedom

The Sowell Legacy

From the author of A People's Guide to Capitalism, a clear-eyed look at cryptocurrencies from the left, cutting through the glitz and the scams to reveal how crypto mirrors and exacerbates the crises of capitalism. 
 
Cryptocurrencies have gone from being fringe investments relevant only to hardcore adherents to a $3.7 trillion industry with a direct line to Donald Trump's White House. The promises of crypto are wide-ranging, preying on a basic reality: people are disaffected by an economic and financial system that has excluded them and wonder if cryptocurrencies can offer a more transparent and inclusive alternative. 
 
Challenge any of these notions, or raise concerns about crypto's associations with money laundering, the speculative bubbles ballooning around these assets, or the disastrous climate implications of the technology behind crypto, and you'll be told by proselytizers that you simply don't understand. That complexity is often intentional, serving as a shield from critical scrutiny. 
 
Enter Crypto-Capitalism, Hadas Thier's deft, accessible examination of the rise and fall and rise again of crypto. Drawing on years of reporting on the industry, its insiders, and the ordinary people impacted by its wild peaks and busts, Thier explains how cryptocurrencies work, elucidates the context and implications of their rise, and debunks the utopian mythology that animates their boosters. 
 
By showing that systemic exploitation and domination are inherent in a crisis-ridden capitalist economy and are matters of class power, not technology, Thier convincingly cuts through the froth and the lies of financial dystopia. Along the way, she opens up alternative avenues for imagining what economic democracy could actually look like.

The New Financial Dystopia

Crypto-Capitalism

How apprenticeship shaped the English economy Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill, Patrick Wallis shows how apprenticeship helped reshape the English economy. Some historians see apprenticeship as a key ingredient in the industrial revolution; others agree with Adam Smith in seeing it as wasteful and conservative. Wallis shows that neither of these perspectives is entirely accurate. He offers a new account of apprenticeship and the market for skill in England, analyzing the records of hundreds of thousands of individual apprentices to tell the story of how apprenticeship worked and how it contributed to the transformation of England. Wallis details the activities of apprentices and masters, the strategies of ambitious parents, the interventions of guilds and the decisions of town officials. He shows how the system of early modern apprenticeship contributed to the growth of cities, the movement of workers from farms to manufacturing and the spread of new technologies and productive knowledge. In this groundbreaking study, Wallis argues that apprenticeship succeeded precisely because it was a flexible institution which allowed apprentices to change their minds and exit contracts early. Apprenticeship provided a vital channel for training that families could trust and that was accessible to most young people, whatever their background.

Apprenticeship and Economic Growth in Early Modern England

The Market for Skill

A definitive collection of essays by one of the leading living theorists of social power, brought together here for the first time. In this consolidated summation of his works, Steven Lukes reflects on the central questions and changing nature of 'the power debate' as it has evolved since the publication of his seminal work Power: A Radical View. Including six essays on power as it relates to central themes of truth, domination and moral responsibility, and engaging with nine influential recent and contemporary theorists of power, Power and Domination and Other Essays provides a major critique of a debate that remains as alive and contentious as ever. Bringing up to date Lukes's work on power in one accessible volume, this book is an essential companion to Power: A Radical View, now in its third edition, and useful for all undergraduate and postgraduate students of the history of social and political thought, political science and political sociology.

Power and Domination and Other Essays

A challenge to incentivization as a dominant framework for understanding and governing people From corporate management and consumer behavior to public health and climate policy, incentives are widely treated as a neutral and effective way to shape how people act. In this book, Guus Dix shows that incentives are not simple policy nudges; they lull us into a passive understanding of ourselves as being merely responsive to changes others make to our environment. They foster a politics of incremental tweaks to a socially and ecologically destructive economic system that we are expected to accept without question. Dix argues that it is time to challenge the reign of incentives in contemporary science and public life. Dix traces the evolution of the incentive, from the engineering of performance charts and rewards for factory workers to combating gridlock at Britain’s National Health Service. He describes the function of incentives under socialism, theories of adjustment incentives developed at the Harvard Business School to manage employees, and incentivizing whole economies—both socialist and capitalist. He shows that incentivization is a distinct way of wielding power. Incentives have become part of a quasi-universal governing philosophy that keeps us from addressing such major issues as poverty and the climate crisis. Finally, Dix analyzes the limits of incentivization, arguing that being governed by incentives keeps us from considering government policies that have the potential to bring about meaningful and transformative change.

A Critical History of a Powerful Idea

Incentives

Between 2009 and 2026, gold tripled in value, the average American home doubled in price, and cryptocurrencies crashed into existence and soared to a total valuation of $3 trillion. This vast accumulation of wealth is not a sign of economic health. The world is now awash with so much money that investors struggle to find productive outlets for their cash. In Surplus, Marc Chandler argues that too much of a good thing can bring a society to its knees. After decades of striving for more, humanity is now suffocating under the weight of an unprecedented economic surplus — a global excess of capital and productive capacity that has grown too large to accommodate. Tracing the history of the surplus, from the first agricultural societies to today's age of negative interest rates and asset speculation, Chandler shows how every great surplus in human history has forced societies to remake their institutions and values. The current surplus is already reshaping the West, fostering inequality and straining the foundations of liberal democracy. Humanity has become like King Midas: everything we touch turns to gold. But unless we learn to manage the surplus, we will end up choking on the very abundance our societies were built to pursue. In this sweeping examination of surplus throughout civilizations, Surplus shows that times of plenty are an under-appreciated engine of economic growth and social development, sometimes providing a catalyst for radical transformations. Through memorable analogies and sharp insights, Chandler passionately argues for a new synthesis of freedom and equality, showing that the basis for such a transformation exists today precisely because of the vast surplus we have amassed.

The History of Too Much and the End of Economic Primacy

Surplus

Tradd Street Press

"Representative Industries in the United States" offers a comprehensive examination of the industrial landscape of the early 20th century. Edited by H.T. Warshow, this volume provides a detailed analysis of the key sectors that drove American economic growth and global prominence during the interwar period. The work covers a diverse range of industries, including agriculture, aluminum, banking, copper, iron and steel, and meatpacking. Each chapter, contributed by an industry expert, delves into the history, development, and organizational structure of these representative businesses.This scholarly yet accessible study explores the technological advancements, labor relations, and market dynamics that shaped the United States' industrial identity. By documenting the evolution of specific industries, the work provides invaluable insights into the broader economic trends of the late 19th and early 20th centuries. It serves as an essential resource for students of economic history, business professionals, and anyone interested in the foundational structures of American commerce. Through its rigorous investigation of individual industrial sectors, "Representative Industries in the United States" captures a pivotal moment in the nation's transition toward a mature industrial economy.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Representative Industries in the United States

Anthropology, Law, and Political Morals

Some Versions of Legalism

Elements in Histories of Emotions and the Senses

In post-industrial economies, service-based jobs now outnumber manufacturing jobs. Analyzing these changes critically, Arlie Hochschild developed the term 'emotional labor' to refer to the new forms of labor expected in the service sector. She saw the emotional constraints that commercial interests place on workers as part of capitalism's increasing encroachment on our bodies, minds, and hearts. Since her original research, there has been an explosion of interest in studying emotional labor in all manner of jobs and social roles. Empirical studies have explored the connections between emotional labor and job outcomes, as well as the relationship to social class, gender, and race. The term has struck a nerve not only with work scholars, but the public more broadly. This Element traces the term's origin, scholarly development, popular uses, and future possibilities.

The Origin, Development, and Future of a Key Concept

Emotional Labor

Historical Perspectives on Modern Economics

How the New Left Changed Economics

Radical Expectations

Routledge Explorations in Economic History

In this book, Toshiaki Tamaki analyses merchant and entrepreneurial activity from ancient times to the twenty-first century, arguing that these intermediaries drive global market expansion and institutional development, as they help to connect distant regions and reduce information asymmetry.The book begins by framing global economic history through the lens of Homo mobilis (the mobile human) and Homo faber (the fabricating human). It argues that global trade cannot be understood fully without considering how merchants help markets expand through the transmission of information, trust, reputation and commercial knowledge. The book then contextualises this argument through a global survey of trading empires, exploring how merchants and intermediaries profit not through ownership of goods but through the act of exchange. This long-term narrative spans from Mesopotamian traders to Phoenician seafarers to Asian shipping agents and even the global logistics giants of today. Through this survey, readers gain a deeper understanding of how information, trust and circulation - not just production - have shaped the global economy.Offering a compelling alternative to static economic models and supply-side theories, this book will be of interest to scholars and students of global history, economic history and the history of capitalism.

Intermediation, Information, Trust, and Exchange

Merchants in Global Economic History

The Prince of Profit

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