The following is an excerpt from Chris Miller’s Putinomics: Power and Money in Resurgent Russia. When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How… Continue Reading Putinomics: Putin’s Economic Inheritance
For our last bit of JuneTeenth celebration this month, I decided to pull an excerpt from one of the books featured in our two part commemorative JuneTeenth recommended reading list (Part One, Part Two). This excerpt is from Eric Williams and Colin A. Palmer’s Capitalism and Slavery, Third Edition. The negro slaves were “the strength and… Continue Reading Capitalism and Slavery: The Development Of The Negro Slave Trade
Happy early Juneteenth! If you don’t know, June 19th is “the oldest nationally celebrated commemoration of the ending of slavery in the United States. From its Galveston, Texas origin in 1865, the observance of June 19th as the African American Emancipation Day has spread across the United States and beyond. Today Juneteenth commemorates African American… Continue Reading Happy (early) Juneteenth! A Reading List, Part One
Guest post by Allyson P. Brantley, author of Justice, Power and Politics series book Brewing a Boycott: How a Grassroots Coalition Fought Coors and Remade American Consumer Activism Boycotts seem to be everywhere these days. Most recently, the April 2021 passage of Georgia’s new, restrictive voting law sparked significant backlash and boycotts – ranging from Major League… Continue Reading Do Boycotts Work?
Guest post by William A. Darity Jr. and A. Kirsten Mullen, whose groundbreaking and critically acclaimed book From Here to Equality: Reparations for Black Americans in the Twenty-First Century was published one year ago this week. The year since the publication date of our UNC Press book, From Here to Equality: Reparations for Black Americans… Continue Reading Reflecting on the Past Year Since the Publication of From Here to Equality
On August 4, 2017, workers at Nissan’s assembly plant in Canton, Mississippi, voted to reject representation by the United Auto Workers union. The loss stung, to be sure, but the once-powerful UAW has become accustomed to failure in its efforts to organize auto production facilities operated by foreign companies. Twice previously, in 1989 and 2001, workers rejected the union at Nissan’s plant in Smyrna, Tennessee,—the company’s first North American plant, and only the second Japanese-owned plant in the United States. Continue Reading Andrew C. McKevitt: UAW’s Defeat at Nissan and the Path Forward
The oatmeal market suffered under the weight of too many competitors, with prices often falling below production costs. Crowell saw the solution in the mill’s overlooked Quaker trademark. And so, at a time when most consumers shoveled their oatmeal from open barrels, Crowell’s product appeared on shelves in sealed, two-pound boxes. Richly illustrated advertisements saturated local, then national, print media. Both package and ad featured the iconic Quaker, always smiling jovially and holding a scroll on which was written the single word “Pure.” Continue Reading Excerpt: Guaranteed Pure: The Moody Bible Institute, Business, and the Making of Modern Evangelicalism, by Timothy Gloege
In recent months, Vladimir Putin has been playing hardball with the world. Yet Russia’s bullying and bravado can be seen as signs of a longstanding weakness. Continue Reading Patryk Babiracki: Showcasing Hard Power, Russia Reveals Her Longstanding Soft Spot
With oil prices falling, the ruble is tumbling down, and Russia’s immediate economic prospects are grim. But the Russian leaders’ political will to retain Ukraine is unlikely to disappear anytime soon. The lands that became modern Ukraine had been part of Russian empire for three and a half centuries. Vladimir Putin has shown inexhaustible energy in obstructing Ukraine’s rapprochement with the West; Ukraine’s prospective successes in integrating with the EU (or, in a more adventurous scenario, with NATO) would be a heavy blow to Russia’s prestige and to Mr. Putin’s ego. Therefore on the long run, it seems unlikely that any person or institution can prevent the Russian president and his cronies from wresting Ukraine back firmly into the Russian orbit. Continue Reading Patryk Babiracki: Post-Soviet Ukraine: Not Unlike Postwar Poland. What Putin’s Russia (and the West) Can Learn from the Cold War
Deng Xiaoping’s paramount political status and strength of personality played a major role in shaping China’s foreign policy during the last decade of the Cold War, opposing Soviet hegemony while allying with the United States and other Western countries in order to gain their support for China’s economic reform. Continue Reading Xiaoming Zhang: Deng Xiaoping and China’s Invasion of Vietnam
In my opinion, the most interesting topic for discussion is not that Cubans are finally embracing private enterprise, but rather that the new legislation will surely change the existing face of private enterprise on the island. Talk to Cubans about the new business, property, and internet reform measures and you are less likely to hear them marveling at the wonders of capitalism than to hear them debate the variety of state-imposed taxes that often leave them with only a few CUC (Cuban Convertible Pesos that carry a 1:1 exchange rate with the U.S. dollar) at the end of each month. Continue Reading Tiffany A. Sippial: Cuba’s New Economic Policies: Event Horizon or Business as Usual?
According to Goldstein, the most exciting part is the “opportunity is to reach a much broader audience.” Because his class with Thorp is on innovation, teaching it as a MOOC provides a unique opportunity to marry form and content. “We’re interested in the interactive aspect because innovation and entrepreneurship aren’t passive—they’re active,” he says. “Entrepreneurship is about impact and taking innovative ideas to fruition. The key notion of MOOCs is creating a global reach with an entrepreneurial mindset that allows opportunities in those spaces between innovation and execution that is key to social change.” Continue Reading Innovating with MOOCs
That reaction to Indians’ pursuit of wealth has a lot to teach us, not only about common conceptions of Indians but also about dilemmas inherent in Indian/non-Indian relations and in America’s economy because of that economy’s foundation in lands and resources appropriated from indigenous peoples. Continue Reading Alexandra Harmon: Public Reaction to Indians’ Pursuit of Wealth
Along with the growth of tribal bureaucracies, this turn toward tribal capitalism has given Indians new reasons to articulate, ponder, and debate some of the basic principles that guide or should guide their economic affairs—to consider in particular whether economic aims and relations in Indian communities do or should differ from those that predominate in the United States. Continue Reading Alexandra Harmon: Economic Disparities in Native American Communities
Murphy attacked the tight-fisted policy of Ford Motor Company (FMC) and its indifference toward unemployed workers. Henry Ford publicly maintained he would never cut wages or jobs, even as he proceeded to do both. Employment at the largest facility of FMC in Dearborn, just outside Detroit, fell nearly 50 percent between 1929 and 1932. But the overwhelming majority of laid-off Ford workers resided in Detroit, raising the question, who bore responsibility for assisting them? Continue Reading Beth Tompkins Bates: What is Society’s Obligation to Those in Distress?
To address the human element of production, Ford introduced his Five Dollar Day, Ford Profit-Sharing Plan. When the plan was unveiled in 1914, the world was stunned. Qualified Ford workers would receive five dollars a day, more than double the average wage in the auto industry at that time. When compared to lower prevailing wages in other industries such as steel, meatpacking, or coal mining, the Ford proposal was even more astounding. Simultaneously, FMC reduced the workday from nine hours to eight. Continue Reading Beth Tompkins Bates: The High Road to Economic Prosperity
Gitterman and Coclanis argue that our leaders must find a way to forge a bipartisan, pro-growth economic agenda and, in order to implement it, embrace creative public-private partnerships of various kinds. Continue Reading New ebook offers blueprint for building a globally competitive South
Foreign policy historian James Edward Miller provides background on the current financial and political predicament of Greece and the European Union. Continue Reading James Edward Miller: Greece and the EU Face Their Walt Kelly Moment
Polanyi’s classic suggests we should ignore the profoundly false choice between markets and the state. Continue Reading Michael H. Hunt: Polanyi’s ‘Great Transformation’: A classic for our hard times
Revisiting Henry Luce’s essay on American ascendancy, Michael H. Hunt considers the current era of American decline. Continue Reading Michael H. Hunt: How to think about the end of the “American Century”