Duina, Francesco and Crina Viju-Miljusevic. 2023. Standardizing the World: EU Trade Policy and the Road to Convergence. Oxford University Press. The EU has pursued many trade pacts across the world. This is part of its foreign policy: as the third largest economy in the world and lacking hard power, the EU relies on trade agreements to project its interests. These are often complex and far-reaching initiatives that have the potential to shape not only economic but also political and social life in the EU and its trading partners. In Standardizing the World, Francesco Duina and Crina Viju-Miljusevic have gathered a group of leading experts to present an unprecedented assessment of the EU’s efforts to standardize a wide array of economic, political, and social aspects of life through its trade agreements across the globe. Drawing on economic sociology and constructivist strands in international political economy, the volume examines what is being standardized, the extent to which the EU has been able to project its worldviews, and what explains the observable patterns of standardization across policy areas and geographies. Ten leading scholars from across the world offer as many chapters on EU agreements with all major trading partners and cover efforts in social and labor rights, the environment, investments, rule of law and anti-corruption, agriculture and food quality, services, public procurement, sustainable development, and more. Their findings paint a picture of a dynamic EU capable of projecting its worldviews across the globe that is nonetheless not always consistent or successful. Standardizing the World provides a wide-ranging and rigorous understanding of standardization in trade agreement as well as the EU’s abilities to project its power and worldviews across the globe.
Calhoun, Craig and Benjamin Fong. 2022. The Green New Deal and the Future of Work. Columbia University Press. Catastrophic climate change overshadows the present and the future. Wrenching economic transformations have devastated workers and hollowed out communities. However, those fighting for jobs and those fighting for the planet have often been at odds. Does the world face two separate crises, environmental and economic? The promise of the Green New Deal is to tackle the threat of climate change through the empowerment of working people and the strengthening of democracy. In this view, the crisis of nature and the crisis of work must be addressed together—or they will not be addressed at all.
Reckwitz, Andreas. 2021. The End of Illusions: Politics, Economy, and Culture in Late Modernity. Polity Press. Building on his path-breaking work The Society of Singularities, leading cultural theorist Andreas Reckwitz offers a sociological analysis of the general sense of disillusionment which many are experiencing in the wake of recent events such as the Brexit vote, the election of Trump and the rise of populist leaders elsewhere. Reckwitz attributes this disillusionment to a profound structural shift over the last 30 years, in the course of which classical industrial society has given way to a new kind of modernity—one that is shaped by the new class society, the characteristics of a post-industrial economy, the conflict between culture and identity, the exhaustion resulting from the imperative to seek authentic fulfilment, and the crisis of liberalism.
Please enjoy this review of Richard Lachmann’s First Class Passengers on a Sinking Ship by Emily Erikson. Throw me a life vest, please! by Emily Erikson, Yale University I think we can all agree that Richard Lachmann’s latest book, First Class Passengers on a Sinking Ship, is a masterful work of history and political analysis. The question I want to address is whether this book should be read as an analysis of the current situation of the United States, a work on elite conflict theory, or as a work on imperial decline? Or perhaps this question could be better phrased as whether this work’s greatest contribution is to contemporary analysis of the state of the United States, to the development of elite-conflict theory, or to theories of empire. Lachmann has developed elite-conflict theory in, for example, earlier works like Capitalists in Spirit of Themselves, and From Manor to Market. In those books, as in this one, Lachmann mobilizes and develops elite-conflict theory to explain large-scale political outcomes. But this most recent book is not really about exploring the possible dimensions and contours of elite-conflict theory as much as it is about explaining imperial decline in general and US imperial decline in particular. That balance between the general and particular is interesting because for a lot of readers there is going to be some implicit tension between how they feel about the current situation in the US and the idea of the end of US imperial ambitions. On the one hand, we might be ambivalent or even vaguely pleased about the end of an empire but simultaneously sad about the potentially disastrous way that era is winding down in the US. To this end it should be noted that the book was finalized before the 2020 elections, and things surely looked much worse at that point than they do now, although Lachmann makes clear that he does not believe a change in administrations — however awful one outgoing administration may be — is going to resolve the underlying conflicts over resources propelling the decline of US power. He does, however, carefully keep the different outcomes of imperial decline and societal decline and/or stasis analytically separate. It is mainly in the concluding chapter that the problem of rising inequality, the rise of populism, and the decline of democratic institutions are addressed. It is clear that the end of US global hegemony is going to play an important role in how these issues play out over time. But it is equally clear that other factors largely unrelated to international relations and global power also play an extremely important role — such as the presence of union organization and corporate tax rates. Just to drive this point home, only three nations have experienced global hegemony and decline, but nearly all nations have experienced changing patterns of inequality and democratization. Despite the fact that this analysis enters in at the end of the book, it is more than sufficient to advance a strong case that elite-conflict theory should also be at the heart of the analysis of these other very concerning trends — whether or not they intersect with imperial decline. In this regard, Lachmann’s analysis makes a nice companion for Thomas Piketty’s recent volumes, Capital and Capital and Ideology, which give quite a lot of information about laws, taxation, and property regimes, but less on the political configurations that give rise to these institutional outcomes and/or the configurations that might lead to the changes for which Piketty advocates.
Click here to view Margaret Somers’s (University of Michigan, Ann Arbor) op-ed for the Guardian, wherein she discusses politics, tax cuts, and unemployment in the time of COVID.