Harvard University Press

Economics &
Business 2022
New on Our Shelve s

A Brief History of Equality

Thomas Piketty
TranslaTed by Steven Rendall

“There is no historian of global inequality more impactful

today than Piketty. His latest book is a succinct synthesis
of the important lessons of his work to date—a valuable resource
for all of us trying to build an economy that is driven by value
creation for all and not value extraction for the few.”
—Mariana Mazzucato, author of Mission Economy

“Thomas Piketty helped put inequality at the center of political

debate. Now, he offers an ambitious program for addressing it...
This is political economy on a grand scale.”
—Michael J. Sandel, author of The Tyranny of Merit

“A profound and optimistic call to action and reflection.”

—Esther Duflo, Nobel Laureate in Economic Sciences
Belknap Press 41 illus., 3 tables 288 pp.
$27.95 • £22.95 cloth 9780674273559

The Future of Money

How the Digital Revolution Is
Transforming Currencies and Finance
Eswar S. Prasad
★A
 n Economist Best Book of the Year
★A
 Financial Times Best Book of the Year
★A
 ProMarket Best Political Economy Book of the Year

“As it loses physical form, money’s meaning will become

ever harder to grasp. This book explores the economic
and social effects of that upheaval, giving shape to this
most abstract of concepts.”
—The Economist

“An in-depth look at how our wallets are set to evolve.”

—Bloomberg
Belknap Press 17 photos, 8 illus. 496 pp.
$35.00 • £28.95 cloth 9780674258440

Six Faces of Globalization

Who Wins, Who Loses, and Why It Matters
Anthea Roberts • Nicolas Lamp
★A
 Financial Times Best Book of the Year
★A
 Fortune Best Book of the Year
★A
 ProMarket Best Political Economy Book of the Year

“This book compels us to change our position, move out of our

comfort zone, and see the world differently and more broadly.”
—Branko Milanovic, author of Capitalism, Alone

“An indispensable guide to how and why many people have

abandoned the old, time-tested ways of thinking about politics
and the economy. This is the book the world needs to read now.”
—Richard Baldwin, Graduate Institute, Geneva

“A useful framing to understand today’s—and tomorrow’s—

fights about the world economy.”
—Fortune
57 illus., 3 tables 400 pp. $35.00 • £28.95 cloth 9780674245952

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 New on Our Shelve s

The Power of Creative Destruction

Economic Upheaval and the Wealth of Nations
Philippe Aghion • Céline Antonin • Simon Bunel
Translated by Jodie Cohen-Tanugi
★A
 n Economist Best Book of the Year
★A
 Foreign Affairs Best Book of the Year

“Sweeping, authoritative, and—for the times—strikingly upbeat.”

—The Economist

“Offers Americans much needed insight into the sources of

economic growth and the kinds of policies that will promote it…
All in Washington would do well to read this volume carefully.”
—Forbes
Belknap Press 166 illus., 11 tables 400 pp.
$35.00 • £28.95 cloth 9780674971165

Growth for Good

Reshaping Capitalism to Save Humanity
from Climate Catastrophe
Alessio Terzi
“This book will be a revelation. Terzi’s optimistic and compelling
message is that a green and more equitable future is possible,
but only if we remake capitalism as we know it.”
—Dani Rodrik, Harvard University

“Thought-provoking and important...I hope this book reaches

the hands of economic advisors of key politicians and persuades
them to embrace the future.”
—Roger Fouquet, editor of Handbook on Green Growth
16 illus., 2 tables 320 pp. $29.95 • £23.95 cloth 9780674258426

Political Cleavages and Social Inequalities

A Study of Fifty Democracies, 1948–2020
Edited by
Amory Gethin • Clara Martínez-Toledano • Thomas Piketty
“This monumental book presents the first international and
historical analysis of political cleavages and of their interplay
with inequality. This is a must-read book for anyone wanting
to understand electoral politics in today’s democracies.”
—Gabriel Zucman, University of California, Berkeley
250 illus., 28 tables 656 pp. $39.95 • £31.95 cloth 9780674248427

Raising Keynes
A Twenty-First-Century General Theory
Stephen A. Marglin
“Stephen Marglin’s magnum opus makes a powerful case that
we cannot expect the economy to solve its own problems.”
—Jason Furman, former Chairman of
the U.S. Council of Economic Advisers

“It is the fruit of life-long research, and it deserves a wide readership.”

—Hans-Michael Trautwein, University of Oldenburg, Germany
316 illus., 73 tables 928 pp. $99.95 • £79.95 cloth 9780674971028

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Capitalism, Alone
The Future of the System That Rules the World
Branko Milanovic
★A
 n Economist Best Economics Book of the Year
★A
 Financial Times Best Economics Book of the Year
★A
 Foreign Affairs Best Book of the Year

“A scholar of inequality warns that while capitalism may

have seen off rival economic systems, the survival of liberal
democracies is anything but assured.”
—The Economist
Belknap Press 26 illus., 3 tables 304 pp.
$19.95 • £15.95 paper 9780674260306

Global Inequality
A New Approach for the Age of Globalization
Branko Milanovic
★B
 runo Kreisky Prize
★A
 n Economist Best Economics Book of the Year
★A
 Financial Times Best Economics Book of the Year

“In this fascinating book, Milanovic is able to articulate the

study of inequality between and within countries in the
clearest possible way. A must-read.”
—The Economist
Belknap Press 1 map, 1 chart, 49 graphs, 4 tables 320 pp.
$21.00 • £16.95 paper 9780674984035

The Great Reversal

How America Gave Up on Free Markets
Thomas Philippon
★A
 Financial Times Best Economics Book of the Year
★A
 ProMarket Best Political Economy Book of the Year

“Points to one way of making America great again: restoring

our free-market competitiveness.”
—Wall Street Journalt

“In one industry after another…a few companies have grown so large
that they have the power to keep prices high and wages low. It’s great
for those corporations—and bad for almost everyone else.”
—David Leonhardt, New York Times
Belknap Press 70 illus., 17 tables 368 pp.
$17.95 • £14.95 paper 9780674260320

Capital and Ideology

Thomas Piketty
Translated by Arthur Goldhammer

★ A New York Times Bestseller

★ An NPR Best Book of the Year

“A global history of how different political systems have

justified inequality.”
—The Nation

“Impossible to ignore.”
—The Guardian
Belknap Press 158 illus., 11 tables 1104 pp.
$39.95 • £31.95 cloth 9780674980822

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The Color of Money

Black Banks and the Racial Wealth Gap
Mehrsa Baradaran
“Read this book. It explains so much about the moment…Beautiful,
heartbreaking work.”
—Ta-Nehisi Coates

“A deep accounting of how America got to a point where a median

white family has 13 times more wealth than the median black family.”
—The Atlantic

“Black capitalism has not improved the economic lives of black

people, and Baradaran deftly explains the reasons why.”
—Los Angeles Review of Books
Belknap Press 384 pp. $18.95 • £15.95 paper 9780674237476

Democratizing Finance
The Radical Promise of Fintech
Marion Laboure • Nicolas Deffrennes
“Much is being written about fintech; little about how it may
transform our lives. Based on new research, Laboure and
Deffrennes explain how fintech will create new possibilities
for people in advanced and low-income countries alike.”
—Mervyn King, former Governor of the Bank of England

“This important book is necessary reading for anyone who

cares about the future of our economy or our society.”
—Lawrence H. Summers, President Emeritus, Harvard University
25 illus., 20 tables 288 pp. $35.00 • £28.95 cloth 9780674987227

Dynamism
The Values That Drive Innovation, Job
Satisfaction, and Economic Growth
Edmund Phelps • Raicho Bojilov • Hian Teck Hoon • Gylfi Zoega
“A fresh breath of air to stale debates about how to restore
long-term growth in advanced economies.”
—Financial Times

“This book should be read by anyone interested in innovation.”

—Ian Goldin, University of Oxford, and coauthor of Age of Discovery
47 illus., 18 tables 256 pp. $36.00 • £28.95 cloth 9780674244696

Capital in the Twenty-First Century

Thomas Piketty
Translated by Arthur Goldhammer

★ A New York Times #1 Bestseller

★ An Amazon #1 Bestseller
★ A Wall Street Journal #1 Bestseller
★W  inner of the Financial Times and McKinsey
Business Book of the Year Award

“It’s been half a century since a book of economic history

broke out of its academic silo with such fireworks.”
—The Times
Belknap Press 96 graphs, 18 tables 816 pp.
$22.00 • £17.95 paper 9780674979857

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Paperb acks

Unbound
How Inequality Constricts Our Economy
and What We Can Do about It
Heather Boushey
★A
 Financial Times Best Economics Book of the Year
★A
 ProMarket Best Political Economy Book of the Year

“Outstanding…Shows that, beyond a point, inequality damages

the economy.”
—Martin Wolf, Financial Times

“Think rising levels of inequality are just an inevitable outcome of

our market-driven economy? Then you should read Boushey’s well-
argued, well-documented explanation of why you’re wrong.”
—David Rotman, MIT Technology Review
32 illus., 3 tables 304 pp. $17.95 • £14.95 paper 9780674251380

World Inequality The Enchantments What Works The Great

Report 2022 of Mammon Iris Bohnet Convergence
Edited by Lucas Chancel Eugene McCarraher ★A
 Financial Times Richard Baldwin
• Thomas Piketty • et al. ★A
 n Arts Fuse Favorite Best Business Book of ★A
 n Economist Best
Book of the Year the Year Book of the Year
320 pp. $35.00 • £28.95
paper 9780674273566 Belknap Press 816 pp. Belknap Press 400 pp. Belknap Press 344 pp.
$27.95 • £22.95 $18.95 • £15.95 $17.00 • £13.95
paper 9780674271098 paper 9780674986565 paper 9780674237841

Capital without Globalists Blockchain The Wolf at the Door

Borders Quinn Slobodian and the Law Michael J. Graetz •
Brooke Harrington ★G
 eorge Louis Primavera De Filippi • Ian Shapiro
400 pp. $20.00 • £16.95 Beer Prize Aaron Wright 368 pp. $19.95 • £15.95
paper 9780674244771 ★A
 Marginal paper 9780674260429
312 pp. $19.00 • £15.95
Revolution
Book of the Year paper 9780674241596

400 pp. $21.00 • £16.95

paper 9780674244849

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 Paperbacks

Open
The Progressive Case for Free Trade,
Immigration, and Global Capital
Kimberly Clausing
★A
 Financial Times Best Economics Book of the Year
★A
 Foreign Affairs Best Book of the Year

“A highly intelligent, fact-based defense of the virtues of an open,

competitive economy and society.”
—Fareed Zakaria

“A vitally important corrective to the current populist moment…

Open points the way to a kinder, gentler version of globalization
that ensures that the gains are shared by all.”
—Justin Wolfers
55 illus. 360 pp. $17.95 • £14.95 paper 9780674248212

VC The Cigarette How the Other Accounting

Tom Nicholas
400 pp. $19.95 • £15.95
paper 9780674248267
Sarah Milov Half Banks for Slavery
★A
 Los Angeles Times Mehrsa Baradaran Caitlin Rosenthal
Book Prize Finalist 336 pp. $22.00 • £17.95 ★A
 Five Books Best
★W
 illie Lee Rose Prize paper 9780674983960 Economics Book of
400 pp. $22.95 • £18.95 the Year
paper 9780674260313 320 pp. $20.00 • £16.95
paper 9780674241657

Collective Choice The Market as God
and Social Welfare
Amartya Sen
★A
 Choice Outstanding
Academic Title
640 pp. $22.00
United States and its
dependencies only
paper 9780674919211
Economy and Society Finding Time
Harvey Cox Max Weber Heather Boushey
320 pp. $19.00 • £15.95 ★A
 Choice Outstanding ★A
 n ISE Magazine
paper 9780674241572 Academic Title Best Book of the Year
520 pp. $26.00 • £20.95 360 pp. $19.00 • £15.95
paper 9780674916548 paper 9780674241497

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Recently Published

The Economic Integration of Europe

Richard Pomfret
“Written by one of the world’s experts on the subject, this book
accomplishes the amazing feat of succinctly reviewing and analyzing
all dimensions of the complicated process of European economic
integration from its origins through the COVID-19 pandemic.”

—Michael G. Plummer, Johns Hopkins University

11 illus., 5 tables, 4 maps 272 pp.
$39.95 • £31.95 cloth 9780674244139

Healthy Buildings
How Indoor Spaces Drive Performance and Productivity
Joseph G. Allen • John D. Macomber
★A
 New York Times Favorite Book of the Year for Healthy Living
★A
 Fortune Book of the Year

“This book is a call to action for every developer, building owner,

shareholder, chief executive, manager, teacher, worker, and parent
to start demanding healthy buildings with cleaner indoor air.”
—Tara Parker-Pope, New York Times

“Though there’s now light at the end of the COVID-19 tunnel, these
insights and guidelines for improving indoor air quality should play
a huge role in post-pandemic reforms.”
—Fortune

“The manual for keeping people safe indoors.”

—Boston Globe
16 illus., 11 tables 304 pp. $35.00 • £28.95 cloth 9780674237971

You’re Paid What You’re Worth

And Other Myths of the Modern Economy
Jake Rosenfeld
“A flat-out revelation of a book by one of the nation’s top scholars
of the labor market...required reading for anyone who cares about
the future of work in America.”
—Matthew Desmond, author of Evicted

“Debunks contemporary myths about work and wages.”

—Publishers Weekly
Belknap Press 10 illus. 384 pp. $29.95 • £23.95 cloth 9780674916593

The Price of Democracy

How Money Shapes Politics and What to Do about It
Julia Cagé
Translated by Patrick Camiller
“Tackles one of the root problems of democracies in the West.”
—Jan-Werner Müller, The Nation
72 illus. 464 pp. $36.00 • £28.95 cloth 9780674987289

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 Recently Published

Unsustainable The Return of The Great American Indentured Students

Inequalities Inequality Housing Bubble Elizabeth Tandy
Lucas Chancel Mike Savage Adam J. Levitin • Shermer
★A
 Financial Times 448 pp. $35.00 • £28.95 Susan M. Wachter Belknap Press 400 pp.
Best Book of the Year cloth 9780674988071 400 pp. $46.00 • £36.95 $29.95 • £23.95
cloth 9780674979659 cloth 9780674251489
Belknap Press 184 pp.
$29.95 • £23.95
cloth 9780674984653

Tata The Banks Did It Stewards of Exporting

Mircea Raianu Neil Fligstein the Market Capitalism
Mitchel Y. Abolafia Ethan B. Kapstein
★T
 homas J. Wilson 336 pp. $39.95 • £31.95
Memorial Prize cloth 9780674249356 224 pp. $41.00 • £32.95 304 pp. $39.95 • £31.95
cloth 9780674980785 cloth 9780674251632
304 pp. $39.95 • £31.95
cloth 9780674984516

Veblen Rotary International The World That A Full-Value Ruble

Charles Camic and the Selling of Latin America Kristy Ironside
American Capitalism Created Harvard Historical
504 pp. $39.95 • £31.95
Brendan Goff Margarita Fajardo Studies
cloth 9780674659728
456 pp. $45.00 • £36.95 Harvard Historical $45.00 • £36.95
cloth 9780674989795 Studies cloth 9780674251649
296 pp. $39.95 • £31.95
cloth 9780674260498

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Clas sic Backlist

The Economics Exit, Voice, Beyond Winning Inequality

of Inequality and Loyalty Robert H. Mnookin • Anthony B. Atkinson
Thomas Piketty Albert O. Hirschman Scott R. Peppet • ★A
 n Economist Best
Belknap Press 176 pp. $30.00 • £24.95 Andrew S. Tulumello Book of the Year
160 pp. $26.00 • £20.95 paper 9780674276604 ★A
 Financial Times
Belknap Press
Best Book of the Year
cloth 9780674504806 368 pp. $32.50 • £26.95
paper 9780674012318 400 pp. $21.00 • £16.95
paper 9780674979789

The Fissured Basic Income After Piketty Globalization and

Workplace Philippe Van Parijs • Edited by Inequality
David Weil Yannick Vanderborght Heather Boushey • Elhanan Helpman
424 pp. $25.00 • £20.95 ★A
 Times Higher J. Bradford DeLong • 232 pp. $26.95 • £21.95
paper 9780674975446 Education Book Marshall Steinbaum cloth 9780674984608
of the Week
688 pp. $21.00 • £16.95
400 pp. $20.00 • £16.95 paper 9780674237889
paper 9780674237469

The History The ABCs of RBCs On Being Nonprofit Identification for

of Statistics George McCandless Peter Frumkin Prediction and
Stephen M. Stigler 448 pp. $86.50 • £69.95 ★B
 est Book Award, Decision
Belknap Press cloth 9780674028142 Public and Nonprofit Charles F. Manski
432 pp. $42.00 • £33.95 Division of the
368 pp. $83.50 • £66.95
Academy of
paper 9780674403413 cloth 9780674026537
Management
224 pp. $33.00 • £26.95
paper 9780674018358

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Recursive Methods Negotiation Analysis Leadership Without Private Truths,

in Economic Howard Raiffa Easy Answers Public Lies
Dynamics ★C
 enter for Public Ronald A. Heifetz Timur Kuran
Nancy L. Stokey • Resources Award ★A
 Choice Outstanding 448 pp. $41.50 • £33.95
Robert E. Lucas • Jr. for Excellence Academic Title paper 9780674707580
608 pp. Belknap Press Belknap Press
$104.50 • £83.95 576 pp. $44.00 • £35.95 368 pp. $46.00 • £36.95
cloth 9780674750968 paper 9780674024144 cloth 9780674518582

Expulsions The Idea of Justice Understanding The Logic of

Saskia Sassen Amartya Sen Global Trade Collective Action
★A
 n Observer Best ★A
 n Economist Best Elhanan Helpman Mancur Olson, Jr.
Architecture Book Book of the Year Belknap Press Harvard Economic
of the Year 232 pp. $40.00 • £32.95 Studies
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Belknap Press 496 pp. $30.00 cloth 9780674060784 208 pp. $34.50 • £27.95
304 pp. $35.00 • £28.95 North America only paper 9780674537514
cloth 9780674599222 paper 9780674060470

The Visible Hand Foundations of The Illusion of Game Theory

Alfred D. Chandler, Jr. Economic Analysis Free Markets Roger B. Myerson
★P
 ulitzer Prize of Law Bernard E. Harcourt 600 pp. $48.50 • £38.95
for History Steven Shavell 336 pp. $30.00 • £24.95 paper 9780674341166
★B
 ancroft Prize paper 9780674066168
Belknap Press
Belknap Press 768 pp. $109.00 • £87.95
624 pp. $37.00 • £29.95 cloth 9780674011557
paper 9780674940529

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 Economics & Business
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Cover art: Oliver Munday and Paul Spella