Economic Sociology

In 1989, the charismatic Joshua Boger left Merck, then America's most admired business, to found a drug company that would challenge industry giants and transform health care. Barry Werth described the company's tumultuous early days during the AIDS crisis in The Billion-Dollar Molecule, a celebrated classic of science and business journalism. Now he returns to tell a riveting story of Vertex's bold endurance and eventual success.

Was bedeutet es, eine Ost-Identität auferlegt zu bekommen? Eine Identität, die für die rasant wachsende gesellschaftliche Spaltung verantwortlich gemacht wird? Der Attribute wie Populismus, ein mangelndes Demokratieverständnis, Rassismus, Verschwörungsmythen und Armut zugeschrieben werden? Der Leipziger Germanist Dirk Oschmann zeigt in seinem augenöffnenden Text, dass der Westen sich über dreißig Jahre nach Mauerfall als Norm definiert und den Osten als Abweichung. Unsere Medien, Politik, Wirtschaft und Wissenschaft werden von westdeutschen Perspektiven dominiert.

In the COVID crisis, the beloved shepherd of over one billion Catholics saw the cruelty and inequity of our society exposed more vividly than ever before. He also saw, in the resilience, generosity, and creativity of so many people, the means to rescue our society, our economy, and our planet. In direct, powerful prose, Pope Francis urges us not to let the pain be in vain.

Parents everywhere want their children to be happy and do well. Yet how parents seek to achieve this ambition varies enormously. Through personal anecdotes and original research, Matthias Doepke and Fabrizio Zilibotti reveal that in countries with increasing economic inequality, such as the United States, parents push harder to ensure their children have a path to security and success.

Acclaimed National Book Award-winning author George Packer diagnoses America’s descent into a failed state and envisions a path toward overcoming our injustices, paralyses, and divides.

Before Columbus's fateful voyage in 1492, no European had ever seen, much less tasted, tobacco or chocolate. Initially dismissed as dry leaves and an odd Indian drink, these two commodities came to conquer Europe on a scale unsurpassed by any other American resource or product. A fascinating story of contact, exploration, and exchange in the Atlantic world, Sacred Gifts, Profane Pleasures traces the ways in which these two goods of the Americas both changed and were changed by Europe.

A compelling argument - masterfully researched and brilliantly articulated - that despite increasing prosperity for most of Earth’s inhabitants and an explosion of goods overall, consumption of natural resources such as metals, water, and timber has begun to decline. Best-selling author and codirector of the MIT Initiative on the Digital Economy Andrew McAfee says there’s a new reason for optimism: We’re past the point of "peak stuff" - from here on out, it'll take fewer resources to make things and fewer dollars to lead a comfortable life.

From TV's Real Housewives to The Wolf of Wall Street, our popular culture portrays the wealthy as materialistic and entitled. But what do we really know about those who live on "easy street"? In this penetrating book, Rachel Sherman draws on rare in-depth interviews that she conducted with 50 affluent New Yorkers - including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers - to examine their lifestyle choices and their understanding of privilege.

All places are not created equal. In this groundbreaking book, Richard Florida shows that where we live is increasingly a crucial factor in our lives, one that fundamentally affects our professional and personal prospects. As well as explaining why place matters now more than ever, Who's Your City? provides indispensable tools to help you choose the right place for you.

For decades, it has been easier to imagine the end of the world than the end of capitalism. In the decade leading up to the 2008 financial crisis, booming banks, rising house prices, and cheap consumer goods propped up living standards in the rich world. Thirty years of rocketing debt and financial wizardry had masked the deep underlying fragility of finance-led growth, and in 2008 we were forced to pay up.

Prize-winning poet and journalist Eliza Griswold’s Amity and Prosperity is an expose on how fracking shattered a rural Pennsylvania town, and how one lifelong resident brought the story into the national spotlight. This is an incredible true account of investigative journalism and a devastating indictment of energy politics in America.

Every year, hundreds of thousands of young people pack their bags to study or volunteer abroad. Well-intentioned and curious Westerners travel to low-income countries to learn about people and cultures different from their own. In Beyond Guilt Trips: Mindful Travel in an Unequal World, storyteller Anu Taranath unpacks our baggage about who we are, where we come from, and how much we have. She takes us on a journey through personal travel stories and thought-provoking questions, providing us with tools to grapple with our discomfort and navigate differences with accountability and connection.

Something is wrong. We all know it. American life expectancy is declining for a third straight year. Birth rates are dropping. Nearly half of us think the other political party isn’t just wrong; they’re evil. We’re the richest country in history, but we’ve never been more pessimistic. What’s causing the despair? In Them, bestselling author and U.S. senator Ben Sasse argues that, contrary to conventional wisdom, our crisis isn’t really about politics. It’s that we’re so lonely we can’t see straight—and it bubbles out as anger. Local communities are collapsing.

In the first half of the twentieth century the Keynesian brand of economics, which saw government spending as a necessary spur to economic growth, prevailed. Then in the 1970s, conservatives fought back. Once they got people to believe a few simple ideas instead—that only the free market could produce growth, that taxes and regulation stifle growth—the battle was won.

The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents. Then came the crash of 2008, and the boomer generation's reaction to it was brutal: politicians and policymakers made deliberate decisions that favored the interests of the boomer generation over their heirs.

In this stirring and insightful analysis, activist and scholar Keeanga-Yamahtta Taylor surveys the historical and contemporary ravages of racism and the persistence of structural inequality such as mass incarceration and Black unemployment. In this context, she argues that this new struggle against police violence holds the potential to reignite a broader push for Black liberation.

Naming names, along with grades and test scores, Golden lays bare a corrupt system in which middle-class and working-class whites and Asian Ameri­cans are routinely passed over in favor of wealthy white students with lesser credentials - children of alumni, big donors, and celebrities. The Price of Admission is a must-listen - for parents and students with a personal stake in college admissions but also for those disturbed by the growing divide between ordinary and privileged Americans.

For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit.

In We're Still Here, Jennifer M. Silva tells a deep, multi-generational story of pain, place, and politics that will endure long after the Trump administration. Drawing on over 100 interviews with black, white, and Latino working-class residents of a declining coal town in Pennsylvania, Silva reveals how the decline of the American Dream is lived and felt. The routines and rhythms of traditional working-class life such as manual labor, unions, marriage, church, and social clubs have diminished.

In her thought-provoking voice, Tirado discusses how she went from lower-middle class, to sometimes middle class, to poor and everything in between, and in doing so reveals why "poor people don't always behave the way middle-class America thinks they should."