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From a leading historian, the story of how entrepreneurial Jewish immigrants transformed commercial banking and enabled the economic and social advancement of Jews in America.What are immigrants to do when business opportunities abound in their new home, but banks refuse essential financial support? How could they make the journey in the first place without helping hands? In this lively history, Rebecca Kobrin chronicles the turn-of-the-twentieth-century Jewish immigrants who stepped up by doing the lending themselves. Arriving from the Russian Empire and settling primarily in New York, they made livelihoods by assisting fellow Jews so they could purchase passage to the United States and, after arriving, obtain credit that other lenders would not dare provide.Credit to the Nation: Eastern European Jewish Immigrant Bankers and the Shaping of American Finance, 1873–1930 (Harvard UP, 2026) traces the novel practices of bankers who not only enabled the flourishing of American Jewry but also revolutionized the US financial industry. Drawing on previously unexamined archival materials in Russian, Yiddish, German, and English, Kobrin tells a story that is also crucial to the history of New York, as immigrant bankers’ financing of real estate transformed wide swathes of the city. Lenders drove a boom in the prices of tenement buildings, but heavy speculation eventually precipitated the downfall of immigrant banking. Kobrin notes in particular the case of the Bank of United States—a private lender catering primarily to Jewish businessmen—which the Federal Reserve refused to bail out from bankruptcy in 1930.Immigrants’ grasping for credit, and the rise and fall of immigrant banks, gave way to a contemporary banking industry that, ironically, refuses credit to today’s immigrants. Kobrin reminds us that now, as before, the denial of credit pushes entrepreneurial Americans into unregulated money-lending and the trap of endless debt. Rebecca Kobrin, author of Jewish Bialystok and Its Diaspora, is Russell and Bettina Knapp Associate Professor of American Jewish History at Columbia University, where she codirects the Institute for Israel and Jewish Studies. Geraldine Gudefin is a modern Jewish historian researching Jewish migrations, family life, and legal pluralism. She is currently a Visiting Scholar at the Centre for Asian Legal Studies at the National University of Singapore, and is completing a book titled An Impossible Divorce? East European Jews and the Limits of Legal Pluralism in France, 1900-1939. The book can be purchased on the Harvard University Press website: Credit to the Nation. Use code CRE30 to receive a 30% discount. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Grant Writing Guide: A Road Map for Scholars (Princeton UP, 2023) is an essential handbook for writing fundable grants. This easy-to-use guide features writing samples, a glossary of important terms, answers common questions, and explains pitfalls to avoid. Dr. Betty Lai focuses on skills that are universal to all grant writers, not just specific skills for one type of grant or funder. She explains how to craft phenomenal pitches and align them with your values, structure timelines and drafts, communicate clearly in prose and images, solicit feedback to strengthen your proposals, and much more. This incisive book walks you through every step along the way, from generating ideas to finding the right funder, determining which grants help you create the career you want, and writing in a way that excites reviewers and funders. This episode explores: how to align your values and interests with a grant opportunity; why most of us will end up needing a grant; things you can learn from a grant proposal that succeeded, and from one that didn’t; what your grant reviewer really needs from you and why; and how to use the funder’s guidelines and terminology to your advantage. Guest: Dr. Betty S. Lai is an associate professor in the Lynch School of Education and Human Development at Boston College. Her research has been funded by the National Science Foundation, the National Institute of Mental Health, and the Gulf Research Program of the National Academies of Sciences, Engineering, and Medicine, among others. Her work has been recognized with awards from the American Psychological Association and the American Psychological Foundation. Host: Dr. Christina Gessler is the producer of the both Academic Life podcast and the show’s weekly newsletter. She is a writing coach and developmental editor for academics. Listeners to this episode may be interested in: Where Does Research Begin Project Management For Researchers Find Your Argument The Book Proposal Book The Dissertation To Book Workbook The Top Ten Struggles in Writing A Book Manuscript and What To Do About It Make A Meaningful Life Dealing With Rejection Mindfulness Facing Failure Subatomic Writing Becoming The Writer You Already Are Welcome to Academic Life, the podcast for your academic journey—and beyond! Please join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 325+ Academic Life episodes? Find them here. And thank you for listening! This episode was originally published on Feb 2, 2023. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Popular history tells the story of how the tea boycott during the American Revolution caused a transition in American taste from tea to coffee, making the young country a coffee-drinking nation. In truth, Americans did not give up their tea so easily, and the United States grew to be the second-largest importer of tea from China. Diverging from British black tea traditions, U.S. consumers preferred green tea, cultivated a particular taste for Oolong tea, and invented the English Breakfast Tea brand to market Chinese black tea. This World in a Teacup: Credit, Taste, and Power in the U.S.-China Tea Trade, 1784–1911 (University of Nebraska Press, 2026) by Dr. Dan Du is the first book to detail the American tea trade with China after the American Revolution through the early twentieth century. Drawing on archival sources and perspectives from both sides of the Pacific, Dr. Du offers new insights to help understand fundamental developments in U.S.-China relations within a global context. This World in a Teacup shows that, rather than depending on hard-money transactions or a barter economy, a sophisticated credit system buttressed American tea purchases in China: Credit instruments such as promissory notes, bills of exchange, and checks financed the transactions between Chinese and U.S. tea merchants, crystallizing changing power dynamics in the global economy. This World in a Teacup explains how the circulation of these credit instruments challenged the conventional understanding of China’s economy as a primitive system and how the power structure of American, British, and Chinese tea trade in the credit economy reshaped American consumption patterns. This interview was conducted by Dr. Miranda Melcher whose book 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/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Long before Google, Amazon, or Microsoft, computer technology shaped how people worked, how markets operated, and how businesses became big. After World War II, military officials and their partners in industry looked to the newly invented electronic computer as they sought to cut costs, speed up labor, manage supply chains, and—they hoped—bring stability to the postwar economy. Their efforts would shape early computer science and the first applications of computer technology in manufacturing and business, with profound consequences for workers and managers alike. By the 1960s, practices originally developed to improve industrial efficiency were being used by Wall Street, influencing how markets worked and even how traders thought. Digital technology became central to finance, tying together far-flung trading floors and automating decision making—with alarming consequences, including the 1987 Black Monday crash. In Coding Capitalism: Computers and the Remaking of the Postwar US Economy (Columbia University Press, 2026), Dr. Devin Kennedy offers a new history of the digital economy, showing how the computer emerged from—and transformed—capitalism in the United States. He traces how computer science and technology were made by industry, which molded computation to manage factories, financial markets, and entire firms. Drawing on the archives of businesses, computer researchers, regulators, and financial institutions, Coding Capitalism retells the story of the postwar economy and the computer, revealing how mid-century business laid the foundations of the digital world. Bridging business and economic history with the history of science and technology, this book uncovers the prehistory of big tech and demonstrates how capitalism has shaped computing since its invention. This interview was conducted by Dr. Miranda Melcher whose book 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/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What’s going on in the Chinese economy? China reported GDP growth of just 4.3% last quarter. Consumption is sluggish, exports are booming, electronics manufacturers and chipmakers are reporting huge profits as car sales slump. Joe Ngai and Nick Leung dive into the Chinese economy in their latest book The Next China Is Still China: An Insider's Playbook for Winning in the New Era (Scribner, 2026), which came out earlier this year. The book is motivated by a question many executives asked amid new U.S. tariffs and COVID-driven supply shocks: Is there another economy that can replace China’s massive consumer market and deep manufacturing base? The answer: No. Joe Ngai is a McKinsey senior partner and chairman of the firm’s offices in Greater China. Frequently seen on media such as CNBC and Bloomberg, he has been named one of Forbes China’s 100 Most Influential Chinese Leaders, and he has also appeared on Bloomberg Businessweek China’s “Person of the Year 2025” list. Nick Leung is a McKinsey senior partner and member of McKinsey’s global board of directors. He is also a lead-director of the McKinsey Global Institute, the firm’s independent research arm, where he directs research on macroeconomics, global trade, and geopolitics. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Authoritarian Markets explores the political foundations of China's banking boom and its far-reaching impact on the Chinese economy. In 1978 China had no commercial banks. Today it commands the world's largest banking system, with assets equal to 40 percent of global GDP. In Authoritarian Markets: The Politics of China's Banking Explosion (Cornell University Press, 2026), Dr. Adam Y. Liu argues that this rise was not the product of market reforms but of political bargains and bureaucratic mobilization. In the 1990s, Beijing issued bank licenses as bargaining chips—securing cooperation from local governments as it pushed through painful reforms. The result was a sprawling, competitive banking market built not in spite of authoritarian rule but because of it. Drawing on interviews, spatial data, census records, surveys, and experiments, Dr. Liu reveals how local state banks became both engines of China's growth and incubators of its current economic risks. Eye-opening and persuasive, Authoritarian Markets offers fresh insight into the political logic of market development in China and authoritarian states worldwide. This interview was conducted by Dr. Miranda Melcher whose book 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/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How is finance changing in the contemporary world? In FinTech Capital: The Digital Transformation of Everyday Money and Finance (Princeton University Press, 2026), Paul Langley, a Professor of Economic Geography at Durham Universityand Andrew Leyshon, a Senior Fellow in the Centre for Economy, Policy and Place, Nottingham Trent University and Emeritus Professor of Economic Geography at the University of Nottingham, chart the rise of a new form of capitalism in the digital age. Drawing on detailed case studies from across the world, from familiar everyday examples such as Klarna to continent-spanning institutions such as Standard Bank, the book theorises the dynamics of this new moment in global capitalism. Of interest across the social sciences, the book will be essential reading for anyone seeking to understand money today. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

America’s money is global money—nearly every nation in the world writes international contracts in dollars, and in 2023, central banks around the world held nearly $6.7 trillion in dollar reserves, three times any other currency. Today, the United States’ global hegemony rests largely on its ability to produce unlimited treasury bonds that are sold around the world, dollars that supported America’s explosive growth in the twentieth century and funded its massive wars in the twenty-first. American power and the American dollar have become synonymous. Yet in this brilliant 500-year history The Almighty Dollar: 500 Years of the World's Most Powerful Money (Crown, 2026), Brendan Greeley argues that America’s sovereignty over the dollar is an illusion—that the dollar had already empowered and destroyed nations long before it washed up on colonial shores, and that no country or king has or can ever truly control it. Reaching back to the dollar’s birth as the taler in the 15th-century silver mines of St. Joachimsthal, Greeley reveals how the dollar first thrived as a commodity for merchants and bankers—a big, silver coin that was trusted around the world, even as the miners who pulled it from the ground had trouble getting paid in that same silver. Greeley traces a captivatingly complex path across time and place, from the industrial collapse at the heart of Spain’s 17th-century silver empire, to the birth of American paper dollars in colonial Maryland, 19th-century New Orleans bank failures, and the small town of Hawarden, Iowa, which created its own dollars during the Great Depression. At every surprising turn, Greeley upends assumptions about global currencies and draws out the centuries-old tension between how dollars are manufactured and whom they actually serve. Singular in its breadth, The Almighty Dollar dismantles the myth that America created or has ever truly controlled the dollar. Through meticulous research and vividly rendered stories of merchants, monarchs, and everyday people both past and present, Greeley shows how the dollar became America’s greatest export, spawning a vast financial industry that enriches the wealthy, even as the rest of the country’s industries suffer. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Money is everywhere in our daily lives. It lurks in the swipe of a card at the grocery store, in looming student-loan debts, in the prices of things we want, and in our subconscious navigation of the modern world. In this revelatory book, economists Mason and Jayadev explain how and why money is so deeply misunderstood by the world it dominates—as well as the dangerous social implications of this misunderstanding. Against Money (University of Chicago Press, 2026) tackles the most dearly held “truths” of economics, arguing that the world of money has never been an impartial representation of the world of things. Instead, its existence in different forms—debt, capital, liquidity, and interest—increasingly shapes events in the real world rather than just reflecting them. Sometimes money enables new forms of cooperation; more often it facilitates domination. Human existence is not just facilitated by money but also governed by it. J.W. Mason is an Associate Professor of Economics at John Jay College, City University of New York and a Senior Fellow at the Groundworks Collective. He was formerly the Policy Director for the New York State Working Families Party. Arjun teaches Economics at the University. Arjun Jayadev is Professor of Economics at Azim Premji University in India. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The number of people in the world with a bank account or money service provider increased by 2 billion over the past decade. This phenomenon reflects what Dr. Tyler Girard calls the global financial inclusion agenda. This agenda emerged in the wake of the 2008 financial crisis and quickly became a prominent feature of global economic governance.  The core idea of financial inclusion is that all individuals and businesses should have access to and use formal financial services, including bank accounts, payment services, credit, and insurance. Today, the widespread ability to digitally store and transfer money has impacted every aspect of our lives. What explains the emergence and evolution of the global financial inclusion agenda? And what does the politics of the agenda tell us about the impacts of new technologies on global politics and how ideas become global agendas?  Drawing on an original collection of primary documents and interviews with elites from Ghana, the United Kingdom, the United States, and Switzerland, Financial Inclusion: How an Idea Became a Global Agenda (Stanford University Press, 2026) traces the global financial inclusion agenda over time and interrogates its adaptation in specific contexts and issue areas. Through the concept of participatory ambiguity, Dr. Girard offers a novel explanation of the agenda that advances important debates in international relations and international political economy on the distribution of power and authority in global governance. This interview was conducted by Dr. Miranda Melcher whose book 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/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Privatising Humanity: How Our Essential Human Needs Became Financial Assets (Manchester UP, 2026) is the latest book from Dr Kate Bayliss, a Senior Research Fellow in the Department of Economics at SOAS, University of London. Dr Bayliss’ excellent title, published with Manchester University Press, is a critical examination of the privatisation paradigm. In the book, Dr Bayliss specifically analyses the history, processes, political economy and outcomes of privatisation policies in Britain across three major economic sectors – that of water, energy, and housing. Infamously, Britain was arguably in the vanguard of a proliferation of privatisation policies in the 1980s, courtesy of then Prime Minister Margaret Thatcher, a key proponent of the neoliberal revolution at this time. Privatisation was touted as a solution for increased efficiency, the creation of a shareholder society, and relieving taxpayer burdens. Dr Bayliss’ book, Privatising Humanity, is a crucial tool to understand how privatisation policies were applied, who benefited, and whether the outcomes lives up to these expectations. It is both an exceptionally detailed account of the web of interests that have profited from privatisation, on the one hand, and on the other, a highly accessible volume that is critical reading in this current moment. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Indonesia is often framed as a key arena of China-Japan-US competition in the Second Cold War. In this episode, we talk with Trissia Wijaya about her book on the political economy of Chinese and Japanese infrastructure financing in Indonesia. She challenges the view that it is simply an instrument of competition and instead situates infrastructure finance within Indonesia’s own development strategies. She shows how development assistance, commercial loans, export credits, and public-private partnerships are shaped by contestation among Chinese and Japanese capital, as well as Indonesian civil society, state actors, and labor. We also link these dynamics to the country’s changing industrial policy, from energy infrastructure to Nickel processing to the planned capital of Nusantara, asking how Indonesia uses strategies of polyalignment and foreign finance to pursue its own developmental ambitions. — Trissia Wijaya is a McKenzie Research Fellow at the Asia Institute at the University of Melbourne. Prior to this role, she worked as a Senior Research Fellow at Asia-Japan Research Organization, Ritsumeikan University, and taught at the College of Global Liberal Arts. She received her PhD in Politics from Murdoch University, Australia, and remains affiliated as an Honorary Research Fellow at the Indo-Pacific Research Centre there. She has also worked at the Asian Development Bank and UNDP Indonesia, cultivating an interest in the political economy of development and evidence-informed policymaking. Her research spans green infrastructure financing, industrial policy, and critical mineral development. She has conducted intensive fieldwork across Indonesia, Japan, and China. The Political Economy of Japanese and Chinese Infrastructure Financing Governance: Organizing Alliances, Institutions, and Ideology (Bristol University Press 2025) Indonesia, nickel, and the political economy of polyalignment in the Second Cold War in Third World Quarterly An EV-fix for Indonesia: the green development-resource nationalist nexus in Environmental Policy Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Commercial seafaring, both dangerous and with large amounts of capital at stake, was the source of the risk-management institutions that still undergird the global economy today. A key institution of early modern risk management was General Average, a procedure used to redistribute extraordinary costs arising from a maritime venture between all financially interested parties. For example, should one merchant’s cargo be jettisoned to lighten a ship in a storm, the loss would be shared pro rata by the shipper and all the cargo-owners. A risk-sharing practice, different from the risk-shifting of marine insurance which became established relatively late, General Average is still in widespread use. In Managing Maritime Risk in Early Modern Europe: General Average in Law and Practice in Seventeenth-Century Tuscany (Boydell Press, 2025), Jake Dyble explores how General Average worked. It reveals the gap between General Average in law and how it worked on the ground. It shows how General Average partitioned a wide array of business costs, thereby performing a significant role in structuring maritime commerce, managing risk and promoting shipping and trade. In addition, the book discusses how far General Average was a feature of a supposedly ancient, universal, customary maritime law, and contributes to debates about the evolution of institutions in economic development. Dr Jake Dyble is a postdoctoral researcher at the University of Padova, Italy. This interview is conducted by Dr Lewis Wade, a Humboldt Research Fellow at the University of Bamberg. He is the author of the prize-winning Privilege, Economy and State in Old Regime France and can be found on Bluesky @wadehistory.bsky.social. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.