New Books in Economics

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In 2018, Gyula Remes died in the underpass at Westminster tube station, just steps from the Houses of Parliament and luxury developments worth millions. How could this happen in one of the richest cities on Earth?

Episode one introduces Gyula and the world he died in: a Westminster plagued by the twin crises of homelessness and empty homes. In a London borough where extreme wealth exists alongside extreme poverty, Kojo traces the circumstances of Gyula’s death and a troubling question emerges.

What begins as a local tragedy opens the door to a much larger system, which we open onto a strange land called ‘offshore’.

Kojo Karam is a Professor in Law and Political Economy at the School of Law at Loughborough University.

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In this episode, I had the privilege of speaking with Maude Barlow, who has spent decades at the center of the global water justice movement. She is the honorary chairperson of the Council of Canadians, a co-founder of the Blue Planet Project, and served as senior advisor on water to the president of the United Nations General Assembly, where she helped win the 2010 resolution recognizing water as a human right. She has written or co-written nearly twenty books, including Blue Gold, Blue Covenant, and Still Hopeful. Her latest book, Earth for Sale: The Fight to Stop the Last Plunder of the Commons, was published by ECW Press in 2026.

Most of us agree the natural world is in crisis. Barlow's prescient warning is about who we are trusting to fix it. Governments, claiming they cannot afford conservation on their own, are inviting the same energy, chemical, agribusiness, and bottled water corporations that caused the damage to manage the recovery. On the theory that the best way to save nature is to put a price on it. Behind friendly terms like "nature-based solutions" and "ecosystem services" lies a fast-growing market in carbon credits, debt-for-nature swaps, biodiversity offsets, conservation bonds, and water futures. Drawing on detailed examples from around the world, Barlow argues that this financialization of nature is a false solution. It is one that too few people, including many environmentalists, have noticed, and she makes the case for keeping the stewardship of the commons in public and community hands.

Our conversation ranges from the rights of nature movement and the trouble with carbon trading to the new colonialism of finance conservation, the global water wars, and why, after a lifetime of activism, she still believes hope is a moral imperative. As I mention in the episode, what struck me even before we spoke is how well researched the book is, with every issue illuminated clearly and backed by a wide array of sources. It is one reason I am passionate about people reading it. Please enjoy getting to learn more about Maude and her work in this interview.

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Understanding the world of art—particularly antiquities and archaeological artifacts—requires tracing how objects are removed from the ground, displaced by conflict or economic hardship, and ultimately reappear in the international art market. The odyssey of an artifact from its excavation site to an auction house, a private collection, or a museum display case raises a host of pressing concerns about the fragility of cultural heritage but also the global mechanisms that sustain its circulation. In recent years, growing awareness of a possible link between the illegal antiquities trade and terrorist financing has brought new scrutiny to regions marked by war and instability, particularly in the Middle East. In such places, archaeological sites are especially vulnerable to looting and illicit excavation, with the profits from these "blood antiquities" sometimes flowing back to fund further violence.

Art for War: Heritage Looting, Blood Antiquities, and the International Fight Against Terrorism Financing(Stanford UP, 2026) by Dr. Costanza Musu examines how this transformation in perception—from an archaeological concern to a matter of international security—reshaped the global response to antiquities trafficking. Viewing the trade through a security lens, the book offers scholars, policymakers, and students of international affairs a new way to understand how the protection of cultural heritage became entangled with the politics of counterterrorism and global security, sparking new debates over art, heritage, and security.

This interview was conducted by Dr. Miranda Melcher whosebook focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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When American churches face financial difficulties, a disproportionately high number of Black churches reorganize under chapter 11 bankruptcy. There are no easy explanations for this distinction: not location, denomination, leadership structure, or the reasons for the loans. In Forgive Us Our Debts: How Black Churches Use Bankruptcy to Survive(U Chicago Press, 2026), legal scholar Pamela Foohey asks why, then, Black churches account for two-thirds of all congregations that file for chapter 11 bankruptcy every year.

Drawing on case studies of six Black churches and one white church, and 150 interviews with church leaders, members, and attorneys, Foohey finds answers in a long history of predatory lending. Unable to negotiate with recalcitrant loan officers, Black churches turn to the legal system to force reasonable concessions from lenders to prevent the stripping of their wealth and the destruction of their communities. While the structural discrimination remains, these churches have found in the bankruptcy system a refuge and some power to fight back.

This interview was conducted by Dr. Miranda Melcher whosebook focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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B. Joseph Pine II is an internationally acclaimed author, speaker, and management advisor to Fortune 500 companies and entrepreneurial startups, and cofounder of Strategic Horizons. Previous books include The Experience Economy, which is credited with introducing the concept of “experience” to the business world, Authenticity, and Mass Customization.

Now, in The Transformation Economy: Guiding Customers to Achieve Their Aspirations (Harvard Business Press, 2026), Pine brings his clarifying lens to the Rosetta stone of transformation, the customer service experience. What’s the percentage of CEOs who have made a real commitment to the front-line customer service workers who so often serve as the public face of a company in call-center and other interactions? By Joe Pine’s count, odds are merely 5% is an honest answer—and a shame, for the Virtuous Circle means that happy employees mean happier customers, too, inevitably. This episode explores Pine’s vision to inspire customer service departments whose true mission isn’t just resolving complaints but instead serving as guides who help customers achieve the best version of themselves. To do so requires understanding the customer in a way a chatbot never can. To do so means ensuring that the customer service staff isn’t merely a warm body, they’re warm-hearted and given the skills to be empathetic. Want an episode that rings with conviction, this is it.

Real Transformations: Business Change That Works from the Inside Out is co-hosted by Julie Anixter and Dan Hill, PhD, entrepreneurs with deep experience as corporate change agents, devoted to helping companies make continuous change work for everyone through clarity and connection. To learn about their keynote talks, workshops and labs, check out Real-Transformation.com.

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Beneath the Wage: Tips, Tasks, and Gigs in the Age of Service Work (Princeton UP, 2026) retheorizes capitalism from the perspective of the service economy, challenging conventional assumptions about how work is waged, regulated, managed, and automated Today, 80 percent of U.S. workers do service work, from delivering takeout to mopping floors to teaching. Each time we are handed a bag of groceries or a cup of coffee, call for a cab or have our homework graded, we confront both the enormity and the intimacy of the contemporary service sector. Do these jobs have anything in common? Who is doing this work? And what kind of labor politics does it generate? If service work has often been treated as a footnote to modern capitalism, Beneath the Wage reveals it as crucial to understanding how exploitation functions today. Uncovering a history that runs from eighteenth-century servants to present-day gig workers, Annie McClanahan retheorizes capitalism from the perspective of the service economy, challenging conventional assumptions about how work is waged, regulated, managed, and automated. Assembling a diverse set of sources for understanding and reimagining service work—from reality television and conceptual poetry to novels and workers’ own descriptions of what they do—McClanahan explores three paradigmatic types of contemporary service labor: superexploited tipwork, deskilled clerical microwork, and informalized gigwork. She shows how work done “beneath the wage” depends on racialized and gendered forms of economic domination, is often excluded from labor organizing and regulation, and yet has begun to generate a new politics of social reproduction and solidarity.

Annie McClanahan is Associate Professor of English at UC Irvine. Her first book, Dead Pledges: Debt, Crisis, and 21st Century Culture explores how U.S. culture responded to the collapse of the financialized consumer credit economy in 2008. She has published on topics like the rise of microeconomics and methodological individualism, the cultural history of economic stagnation, so-called “neoliberalism” and the history of the university, and the politics and theory of sexwork.

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Making Sense of China's Economy (Routledge, 2023) untangles China’s complex economic structure, evolving issues and curious contradictions, and explains some key features of this most puzzling of global economic powerhouses. This book reveals how factors such as demographics, the initial stage of development in 1978, the transition away from full state ownership and central planning, the dual urban-rural society, and a decentralised governance structure have combined to shape the economy, its development and its reforms. It shows how the pragmatic and adaptive nature of China’s policymaking upends familiar perspectives and hinders simple cross-country comparisons. The book also explores crucial topics including the property market, debt accumulation and environmental challenges. In this book, Tao Wang innovatively weaves the multiple strands of China’s economy into a holistic and organic tapestry that gives us unique insights from both a Chinese and an international perspective. This book is critical reading for business leaders, investors, policymakers, students, and anyone else hoping to understand China’s economy and its future evolution and impact, written by a specialist who has studied the country from both inside and out.

Tao Wang is senior advisor at UBS Investment Bank in Hong Kong, and until recently was chief China economist at the firm.

Michael Leger is Policy Fellow at the Blavatnik School of Government, Oxford.

Lucas Tse is Examination Fellow at All Souls College, Oxford.

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In our increasingly distrusting and polarized world, accusations of hypocrisy are everywhere. But our attempts to stamp out hypocrisy may backfire, creating what Michael Hallsworth calls The Hypocrisy Trap. In his book The Hypocrisy Trap: How Changing What We Criticize Can Improve Our Lives (MIT Press, 2026) Hallsworth shows how our relentless drive to expose inconsistency between words and deeds can actually breed more hypocrisy and cynicism that corrodes our institutions. Through engaging stories and original research, he argues that while some forms of hypocrisy destroy trust and create harm, others reflect the inevitable compromises of human nature and complex societies. This book offers practical solutions for increasing consistency, navigating accusations wisely, and changing how we judge others’ actions.

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The Kurdish-populated Wan/Van Province is a major smuggling hub between Turkey and Iran. Kurdish smugglers cross this 180-mile-long land border, transporting everyday consumer goods—fuel, tobacco, sugar, and tea—as well as more illicit goods, and the province supports the financial, technical, and labor capacities that sustain these smuggling economies. As the Turkish state has enacted increasingly punitive anti-smuggling laws, smuggling has also become a site of contentious politics. Smuggling Law: Unsettled Sovereignties in Turkey’s Kurdish Borderlands (Stanford UP, 2025) explores anti-smuggling law enforcement and criminal prosecutions to reveal a key site—the criminal court—where borders and claims of sovereignty are simultaneously remade and disrupted.

Taking readers from border villages, mountain passes, and road checkpoints to courtrooms, law offices, and forensic laboratories, Fırat Bozçalı examines how Kurdish smugglers, with the help of their lawyers, legally disrupt state sovereignty in criminal courts. Kurdish smugglers and lawyers adopt and rework procedures, rules, and reasonings in ways that interrupt the courts' capacity to coopt, discipline, and oppress. Bozçalı theorizes this evasive engagement with the legal system as a strategy of techno-legal politics among marginalized and persecuted groups, one that extends beyond the Kurdish case. Smuggling Law holds profound relevance in today's world, where ever-expanding regimes of surveillance, oppression, and dispossession unfold in the broader contexts of the global war on terror and data-driven capitalism.

Fırat Bozçalı is Associate Professor of Anthropology at the University of Toronto.

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A provocative examination of the ways our economy has been rigged by financialization, and the importance of games to our dangerous political moment. In an age when capitalism feels like an unwinnable game, extreme reactionary ideas and politics are on the rise. The Hunger Games, Game of Thrones, Squid Game and much of reality TV are cultural reflections of a society of relentless, lonely competition, where each of us must become a player: a savvy risk-taker, a miniature corporation of one. But in a gamed economy we players feel played, and new forms of fascism promise harsh justice and revenge. This book theorizes the connections between the financialization of the capitalist economy, the gamification of our lives, and the rising threat of a uniquely twenty-first century form of fascistic politics. From vicious online swarmings to the QAnon conspiracy fantasy, from the siege of the US Capitol to the abuse of “free speech,” The Player and the Played: From Gamed Capitalism to 21st-Century Fascism with Max Haiven (MIT Press, 2026) analyzes the “playgrom” as a new form of extremist violence. Max Haiven explores how “derivative fascisms” both repeat and reinvent the terrors of the past in a financialized form. How have we learned to love the cheats who have power but loathe the cheats without it? It unpacks the worldbuilding (and world-destroying) urge of Silicon Valley. And it poses the urgent question: what is the antifascist game?

Rudolf Thomas Inderst (*1978) enjoys video games since the early 1980s. He received a master’s degree in political science, American cultural studies as well as contemporary and recent history from Ludwig-Maximilians-University, Munich and holds three PhDs in game studies (LMU Munich, University of Passau & University of Vechta). Currently, he's teaching as a professor for game design and game studies at the University of Applied Sciences Neu-Ulm HNU, Germany, holds the position as lead editor at the online journal TITEL kulturmagazin for the game section, and is editor of the weekly game research newsletter Game Studies Watchlist.

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As affordability crises once limited to coastal cities have spread across the broader United States, the history of home and land ownership has never been more relevant. In Property Values: The Rise and Fall of the American Homeowner(Princeton University Press, September 2026), Dr. Joshua Specht traces how ownership has challenged the nation’s politics and promise from the founding to the present day.

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The twenty-first century has seen major transformations in the US electricity sector—but while the use of coal power wanes and the need for renewable energy becomes more urgent, financial actors maintain a complicating influence on the trajectory of energy transition. Brokers of Power: The Financialization of the US Electricity System (University of Minnesota Press, 2026) identifies changing patterns of investment intertwined with the shift from state-regulated electricity monopolies to a market-driven price model and the embrace of wind and solar hookups to the grid.

Drawing from case studies such as catastrophic Winter Storm Uri that hit Texas in 2021 and in-depth interviews with people working in the electricity and financial sectors, Dr. Conor Harrison reveals how the various entanglements of private equity, investment banking, and financial modeling are shaping the future and raising the costs of this vital infrastructure. Today’s financial firms, he shows, are engaged in the electricity industry beyond matters of investment: they own electricity generation infrastructure, trade electricity on markets, capture federal renewable energy tax credits, and advise on electricity firm operating strategy.

Looking beyond technology and policy, Dr. Harrison interrogates what it means to have powerful financial institutions as the primary agents of change in the fraught and ongoing energy transition. A timely and invaluable contribution to the fields of geography, environmental studies, and the energy social sciences, Brokers of Power is a cautionary account delving into the complexities surrounding the push for decarbonization.

This interview was conducted by Dr. Miranda Melcher whosebook focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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How can we achieve lasting social and political equality for women? Dr. Leda Pérez tackles this thorny question in Searching for Democracy: Women, Domestic Work, and Social Reproduction in Latin America (Temple University Press, 2026) by interrogating egalitarianism in Latin America, where nearly 20% of women work in domestic service. She examines how women’s participation in society, labor, and politics continues to be conditioned by their relationship to domestic and care work.

Dr. Pérez argues that women’s relationship to these spheres of life is indicative of a nation’s development and democracy. She provides a comparative focus on the socio-cultural valuation of this labor and the experiences of women in Bolivia, Chile, Peru, and Uruguay, among other countries. Pérez asserts that it is only by changing sociocultural views on this “women’s work” that nations can create political change, foster equitable legislation, and ensure implementation of effective policies that benefit women.

Searching for Democracy shows why real and lasting equality cannot be achieved without fully enfranchising women in the lowest tiers of employment and closing the equality gap among women. Dr. Pérez’s models for gender equality are relevant for women around the world.

This interview was conducted by Dr. Miranda Melcher whosebook focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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“The general thrust of capitalist policy in this period aims at the intensified imposition of work in response to ongoing struggle against it.”

—Harry Cleaver, “Work Is Still the Central Issue: New Words for New Worlds,” in Points of Departure, ed. Robert Ovetz and Kevin Van Meter, p. 35.

What changes if we begin the history of capitalism not with what capital does to workers, but with what workers force capital to do?

This reversal helps set Harry Cleaver’s approach to Marxism apart from more traditional accounts of capitalism and labor. In Points of Departure: Refusal of Work and the Crisis of Capitalism, editors Robert Ovetz and Kevin Van Meter bring together Cleaver’s writings from several decades, including hard-to-find and previously untranslated work.

The first volume in Common Notions’ new Class Compositions series presents Cleaver’s work not simply as theory, but as a practical way of making sense of everyday struggles from the worker’s standpoint. The refusal of work, unwaged labor, class composition, capitalist crisis, and self-valorization take on renewed significance amid contemporary struggles over work and organization. Greek and Turkish translations are also in the works.

Listeners may know Cleaver from his landmark 1979 book Reading Capital Politically. For more than five decades, he has helped develop what became known as autonomist Marxism, an approach that places working-class self-activity at the center of its analysis. In this interview Ovetz and Van Meter discuss the traditions from which his work emerged, and what they hope a new generation of readers might do with it in their search for alternatives.

Although more conventional accounts of political economy often begin with companies restructuring workplaces, introducing new technologies, moving investment, or tightening workplace discipline. Cleaver instead, turns the perspective around by asking what forms of worker resistance may have compelled capital to make those changes in the first place.

That reversal in turn raises questions the editors grapple with, such as: How do everyday acts of resistance become collective power? How can we demonstrate that corporate restructuring is actually a response to worker resistance, and what might other approaches add to or supplement Cleaver’s inversion of class perspective? And when workers create organizations of their own, how can those institutions preserve autonomy without hardening into less responsive bureaucracies?

Drawing on concepts like workers’ inquiry, workplace cooperation, self-valorization, cooperatives, as well as the significance of Zapatistas, we consider what it means to move beyond refusing existing forms of work toward creating new forms of collective life.

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Brought to you by the BISA Environment and Climate Politics Working Group.

Decolonizing Environmentalism: Alternative Visions and Practices of EnvironmentalAction (Bloomsbury, 2024) helps us reimagine our approach to environmental stewardship critically interrogating the problems associated with existing legacies of environmentalism and how we imagine other ways to addressing the multiple planetary crises.

The authors cast a critical eye on wealthy and influential environmental groups that committed to anti-racist strategies in the wake of the racial awakening of 2020. Yet, they continue to embrace false solutions like carbon markets and biodiversity offsets, which carry deeply racialized consequences. By tracing the roots of these misplaced priorities to detrimental modernity steeped in colonialism and capitalism, the authors call for transformational changes in human-nature relationships. They distill lessons from the divestment movement, which has questioned the fossil fuel industry's moral standing, and food sovereignty activists, who have mobilized global civil society to hold agribusiness corporations accountable.

In these extraordinary times, Decolonizing Environmentalism invites readers to embark on a transformative journey to embrace anti-racist, emancipatory, and regenerative approaches to environmentalism.

Prakash Kashwan is an educator, author, and scholar, whose work cuts across the fields of climate governance, environmental and climate justice, and international affairs. Currently, he is an Associate Professor of Environmental Studies at Brandeis University. He also holds faculty affiliations with the Heller School of Social Policy & Management, and Politics Department at Brandeis. Before moving to Brandeis, he was a tenured Associate Professor of Political Science at the University of Connecticut and Co-directed the Economic and Social Rights Research Program at UConn's Human Rights Institute.

Pauline Heinrichs is a Lecturer in War Studies (Climate and Energy) at King’s College London. Her research focuses on global environmental politics with a particular focus on climate and energy security, climate justice grievances, international orders and questions concerning security and existential risks in a warming world. She co-directs the Centre for Integrated Research in Risk and Resilience (CIRRR) and the Environmental Security Research Group.

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It is quite easy to find corruption within nonprofits. This is particularly the case in the subsector of not-for-profits that are incorporated as traditional 501(c)(3) entities. With the continuing erosion of public confidence in charities, these institutions must act now, both individually and collectively, to bolster trust and ensure public support for nonprofits that has been a hallmark of American democracy.

This book explores the causes of malfeasance in the nonprofit realm. It examines how the current inadequate regulatory environment—together with inherent “agency” problems―can lead organizations astray as they turn away from fulfilling donor wishes to instead act in their own self-interest. The book highlights the distinction between “soft corruption” in the nonprofit sector and “hard corruption.” The former includes the misuse of donor funds that do not cross the line into illegality and the latter covers explicitly illegal misappropriation of contributions.

In Foul Play in the Nonprofit Sector: Analyzing Corruption in US Charities (Palgrave Macmillan, 2024), economist Mark S. LeClair provides constructive overviews regarding charity evaluation. Is it truly fair to judge nonprofits on their financials? The financial figures so frequently dictate the value of a nonprofit, and this often isn’t the best way to judge a charity’s performance. The manuscript includes suggestions for internal sectoral changes and regulatory reforms that can deter corruption at nonprofits.

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In our recent conversation about Protecting Workers? Crisis, COVID-19 and South Asia, the editors Kanchana N. Ruwanpura and Wilfried Swenden reflect on the need to move beyond treating the pandemic as a singular, isolated shock. Our discussion reflected on the deeper mechanics of knowledge production, how we reflect on crisis beyond its immediate occurrence, how we conceptualize South Asia today, and the process of bringing such a dynamic volume together.

A central theme was the necessity of examining crisis as a revealing, prolonged condition rather than a temporary disruption. The COVID-19 pandemic exposed pre-existing structural vulnerabilities across Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Theorizing through this moment meant examining how state strategies and worker realities collided when formal safety nets faltered, forcing us to rethink South Asia not merely as a fixed geographic region, but as a shared space of cascading socio-economic pressures and labor struggles. While this volume traces state policy and institutional shifts, the core strength of the volume lies in highlighting the resourcefulness and claim-making capacities of workers fighting for justice. Assembling these regional perspectives provides a critical blueprint for rethinking state-society relations, labor rights, and collective action in post-pandemic South Asia.

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Why have Finland’s biggest multinationals teamed up to create a globally unique analysis hub just to decode the future of China? Meet the analysts who are nurturing the next generation of Finnish expertise to bridge the gap between Nordic business and Chinese policy.

In this episode, Julie Yu-Wen Chen at the University of Helsinki talks to Kevin Broady, Marleena Makkonen and Anton Karppanen, three analysts from theChina Office of Finnish Industries to understand their mission. The China Office of Finnish Industries acts as a unique nonprofit designed to assist Finnish multinational corporations in navigating the complex geopolitical and economic landscape of the People’s Republic of China. Established in 2022, the organization provides deep strategic analysis on shifting Chinese industrial policies, labor market trends, and the inherent risks of doing business in an increasingly politicized global market. Their work focuses on helping companies understand growing political complexities amid trade tensions while adapting to China's growing influence on international trade. The office is also dedicated to nurturing the next generation of Finnish China analysts through a specialized trainee programfor university students. By bridging the gap between academic expertise and corporate decision-making, the team fosters a more sophisticated understanding of how Chinese domestic developments impact Nordic prosperity.

Julie Yu‑Wen Chen is Professor of Chinese Studies and Director of the Master’s Programme in Area and Cultural Studies at the University of Helsinki in Finland. Her new book, Global Knowledge Production about China, explores how the practice of “China‑watching” has evolved over the decades. The book is freely accessible online.

The Nordic Asia Podcast is a collaboration sharing expertise on Asia across the Nordic region, brought to you by the following academic partners: Asia Centre, University of Tartu (Estonia), Asian studies, University of Helsinki (Finland), Centre for Asian Studies, Vytautas Magnus University (Lithuania), Centre for East Asian Studies, University of Turku (Finland), Centre for East and South-East Asian Studies, Lund University (Sweden) and Centre for South Asian Democracy, University of Oslo (Norway).

We aim to produce timely, topical and well-edited discussions of new research and developments about Asia.

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Can philanthropy be an anti-racist, feminist, relational, and joyful expression of solidarity? This book argues that it not only can be for the future we seek and for philanthropy to achieve its greatest impact, but it must be.

Nationally recognized philanthropic leader Dimple Abichandani revolutionizes the precepts of modern philanthropy. Offering 10 provocative practice shifts, A New Era of Philanthropy: Ten Practices to Transform Wealth into a More Just and Sustainable Future (North Atlantic Books, 2025) engages readers with fresh answers to the question of how philanthropy can meet this high-stakes moment. This book picks up where key books like Decolonizing Wealth and Winners Take All leave off, offering a guide for donors, foundations, and non-profit leaders navigating philanthropy in urgent times. Clear-eyed, hopeful, and responsive to the moment, this book helps us reimagine the purpose and norms of modern philanthropy. It is an invitation to all of us who believe these resources can contribute to a more just future: start here.

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There is a widespread sense throughout the developed world that progress towards a better society has stalled. Many countries, including the UK, have experienced persistent economic stagnation accompanied by declining trust in institutions. Governments are struggling to respond not only to traditional economic problems but also to newer challenges posed by climate change, migration and technological change. Challenging Inequalities: How We Got Stuck and Where We Go Next (Princeton University Press, 2026), written by Paul Johnson and coauthors, drawing on the findings of the six-year IFS Deaton Review, connects these conditions to inequality—inequality not just of income and wealth but of health, political participation and opportunity. It not only offers a detailed analysis of the different forms of inequalities but also an in-depth consideration of why inequalities matter, how they have changed and what can, or should, be done about them.

The book explains the enduring effects of early life experiences and education and examines the trends in employment and earnings over recent decades. It argues that economic stagnation since the financial crises of 2008–2009 has exposed inequalities originating in the 1980s. Not only have incomes stagnated, but so has progress towards reducing health inequalities and dealing with inequalities across gender, ethnicity, geography, age and educational level. The combination of earnings inequality and economic stagnation has led to the growing importance of wealth, the increasing concentration of economic power in an older generation and a decline in social mobility. Economic inequalities have also resulted directly in dangerous differences between regions and in political power across groups.

The need to address inequality has never been more urgent. Challenging Inequalities offers a road map for how we have arrived at such a perilous spot—and how we can change course to achieve better outcomes for all.

Paul Johnson is provost of the Queen’s College, University of Oxford, and former director of the Institute for Fiscal Studies (IFS). He is the author of the Sunday Times bestseller Follow the Money.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature.

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