New Books in Economics

Parents are exhausted. When did raising children become such all-consuming, never-ending, incredibly expensive, and emotionally absorbing effort? In this eye-opening book, Nina Bandelj explains how we got to this point--how we turned children into financial and emotional investments and child-rearing into laborious work. At the turn of the twentieth century, children went from being economically useful, often working to support families, to being seen by their parents as vulnerable and emotionally priceless. In the new millennium, however, parents have become overinvested in the emotional economy of parenting.

Analyzing in-depth interviews with parents, national financial datasets, and decades of child-rearing books, Bandelj reveals how parents today spend, save, and even go into debt for the sake of children. They take on parenting as the hardest but most important job, and commit their entire selves to being a good parent.

The economization and emotionalization of society work together to drive parental overinvestment, offering a dizzying array of products and platforms to turn children into human capital--from financial instruments to extracurricular programs to therapeutic parenting advice. And yet, Bandelj warns, the privatization of child-rearing and devotion of parents' monies, emotions, and souls ultimately hurt the well-being of children, parents, and society. Overinvested: The Emotional Economy of Modern Parenting (Princeton UP, 2026) offers a compelling argument that we should reimagine children and what it means to raise them.

Nina Bandelj is Chancellor's Professor in the Department of Sociology at the University of California, Irvine, and past president of the Society for the Advancement of Socio-Economics.

Caleb Zakarin is CEO and Publisher of the New Books Network.
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In her new book, Politicizing Business: How Firms Are Made to Serve the Party-State in China (Cambridge, 2025), Ning Leng shows how Chinese officials systematically treat formally private firms as political instruments, extracting services that advance careers and maintain social control—often at the expense of business interests, economic efficiency and sustainable development. Ning Leng is an Assistant Professor at the McCourt School of Public Policy at Georgetown University.

Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco and is the Director of USF's Master's Program in International and Development Economics.
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China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States.

Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance.

Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories.

Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699
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In The City's Defense: The Bank of England and the Remaking of Economic Governance, 1914-1939, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War

Responding to mass unemployment and volatile exchange rates, the Bank expanded its reach into areas outside the traditional scope of central banking, including industrial policy and foreign affairs. It designed a system of economic governance that reinforced the preeminence of sterling as a reserve currency. Drawing on a range of archival evidence from national governments, private corporations, and international organizations, Yee reevaluates our understanding of Britain's impact on the global economic order.
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A feminist romp through pop culture that illuminates how women influence and shape the economy.

Taylor Swift isn't just a pop megastar. She is a working woman whose astounding accomplishments defy patriarchal norms. And while not all women can be Beyoncé or Dolly Parton or Reese Witherspoon, the successes of these trailblazing stars help us understand the central role of women in today's economy.

Swiftynomics: How Women Mastermind and Redefine Our Economy (U California Press, 2026) assesses the complex economic lives of everyday American women through the stories of groundbreakers like Taylor Swift, Misty L. Heggeness digs into the data, revealing women's hidden contributions and aspirations—the unexamined value they create by pursuing their own ambitions. She highlights the abundance of productive activity in their daily lives and acknowledges the barriers they still face.

Exploring critical reforms regarding caregiving and gendered labor, this book offers advice for women to thrive in an economy that was not built for them.

More about the author: Misty L. Heggeness is co-director of the Kansas Population Center, Associate Professor of Economics and Public Affairs at the University of Kansas, and former Principal Economist and Senior Advisor at the US Census Bureau. She is also creator of The Care Board, a dashboard of economic statistics built by and for caregivers that brings their economic contributions into the fold.

Learn more about Swifynomics: here

Learn more about Misty: here

More about the host: Kailey Tse-Harlow is a Chinese-Irish writer born and raised in Boston’s Chinatown. She earned her BA in Film and Television Production from Emerson College and her MFA in Creative Writing from Lesley University. Her nonfiction writing has appeared in MIT News, and she is currently at work on her debut novel with support from Tin House. Based in Cambridge, MA, Kailey lives with her partner and two cats. Alongside her writing, she works as a freelance publicist part-time.
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