Economics

Review: Edward Castronova, Synthetic Worlds

March 6, 2006
By
Review: Edward Castronova, Synthetic Worlds

The Guardian‘s Steven Poole recently reviewed Edward Castronova’s Synthetic Worlds: The Business and Culture of Online Games: "Those who spend their nights pretending to be elves on the internet are, it appears, worthy of more than your bafflement or idle contempt, for this is the future of human society. Already, as the economist author points out, massive multiplayer online roleplaying games such as World of Warcraft host large economies whose apparently fictional currencies are traded against the real-life dollar, and political institutions are just as real in the virtual world as they are when housed in actual buildings.… Castronova’s discussion is detailed and thought-provoking, although … his optimism seems to underplay the fate of the underclass that will inevitably be locked out of these digital utopias: after all, some people will always have to maintain infrastructure and energy and food supplies while the rest sublime happily into cyberspace." Read an interview with Edward Castronova. . . .

Read more »

Review: Laura J. Miller, Reluctant Capitalists

March 2, 2006
By
Review: Laura J. Miller, Reluctant Capitalists

Publishers Weekly recently reviewed Laura J. Miller’s Reluctant Capitalists: Bookselling and the Culture of Consumption: "Though independent booksellers may believe they already understand all that there is to know about maintaining the delicate balance between economic success and cultural integrity, those who dip into Miller’s impressive examination will find their curiousity well rewarded.… A carefully articulated investigation." Publishers Weekly’s Ron Hogan interviewed Miller about Reluctant Capitalists. Read the interview here. . . .

Read more »

Robert E. Wright discusses The First Wall Street on NPR

February 22, 2006
By
Robert E. Wright discusses The First Wall Street on NPR

Earlier this week, Robert E. Wright talked to NPR’s Cheryl Glaser about his new book The First Wall Street: Chestnut Street, Philadelphia, and the Birth of American Finance. When Americans think of investment and finance, they think of Wall Street—though this was not always the case. During the dawn of the Republic, Philadelphia was the center of American finance. The first stock exchange in the nation was founded there in 1790, and around it the bustling thoroughfare known as Chestnut Street was home to the nation’s most powerful financial institutions. The First Wall Street recounts the fascinating history of Chestnut Street and its forgotten role in the birth of American finance. An audio file of the program is on NPR’s Marketplace Web site. Read an excerpt. . . .

Read more »

Forbes interview with Peter Bearman

February 22, 2006
By
Forbes interview with Peter Bearman

Last week, Forbes interviewed Peter Bearman, author of Doormen. Combining observation, interviews, and survey information, Doormen provides a deep and enduring ethnography of the occupational role of doormen, the dynamics of the residential lobby, and the mundane features of highly consequential social exchanges between doormen and tenants. From the Forbes interview: To me, money is…Because I am a sociologist, I conducted a survey to get the answer to this question. Twenty-three percent of my respondents said that money was a "mixed blessing." Eleven percent thought that money was "potent." The rest of the people I talked to—pretty much everyone in New York City—thought that money is always a better choice than cookies for their doorman’s holiday bonus. Read more about the Christmas Bonus in an excerpt from Doormen. Read the New Yorker feature on Bearman and Kieran Healy’s review of Doormen. . . .

Read more »

Review: Edward Castronova, Synthetic Worlds

February 8, 2006
By
Review: Edward Castronova, Synthetic Worlds

Tim Harford reviewed nine popular economics books in the Chronicle of Higher Education, including Edward Castronova’s Synthetic Worlds: The Business and Culture of Online Games. Harford says that "Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations." Harford also wrote a longer review of the book last month for the Financial Times; that review is available on his website. You can also read our interview with Castronova. . . .

Read more »

Press release: Robert E. Wright, The First Wall Street

January 20, 2006
By
Press release: Robert E. Wright, The First Wall Street

Picture, if you can, a time when New York wasn’t the center of the financial universe. A time when the business and investment capital of our great nation was Philadelphia, home of the Bank of the United States, the U.S. Mint, the country’s first stock exchange, and several major banks all clustered on or around Chestnut Street—the thoroughfare which historian Robert Wright dubs The First Wall Street. Here in this fascinating work, Wright recounts the forgotten story of Chestnut Street and its pivotal role in the birth of American finance.… Read the press release. Read an excerpt. . . .

Read more »

Search for books and authors