The remarkable run of self-proclaimed "democratic socialist" Bernie Sanders for president of the United States has prompted-for the first time in decades and to the shock of many-a national conversation about socialism. A New York Times poll in late November found that a majority of Democrats had a favorable view of socialism, and in New Hampshire in February, more than half of Democratic voters under 35 told the Boston Globe they call themselves socialists. It's unclear exactly w...

**Winner of the 2026 Outstanding Contribution to Political Sociology Book Award from the American Sociological Association****Winner of The Theory Prize, American Sociological Association**Why is democracy so broken and how might it be fixed? In The Master's Tools, award-winning author Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital.Today, finance guides...

What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that ...

The interest in using Bayesian methods in ecology is increasing, however many ecologists have difficulty with conducting the required analyses. McCarthy bridges that gap, using a clear and accessible style. The text also incorporates case studies to demonstrate mark-recapture analysis, development of population models and the use of subjective judgement. The advantages of Bayesian methods, are also described here, for example, the incorporation of any relevant prior information and the abi...

Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth.Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupat...

Rethinking Class and Social Difference brings together contributions from scholars developing new social scientific and theoretical approaches to a wide range of differing forms of social difference and inequality, especially as they are rooted in and informed by the political economy of capitalism. These include race, nationalism, sexuality, professional classes, domestic employment, digital communication and uneven economic development. The volume is brought together by a focus ...

We all want to help. Over the past fifty years $1 trillion of aid has flowed from Western governments to Africa, with rock stars and actors campaigning for more. But this has not helped Africa. It has ruined it.Dambisa Moyo's excoriating and controversial book reveals why millions are actually poorer because of aid, unable to escape corruption and reduced, in the West's eyes, to a childlike state of beggary.Dead Aid shows us another way. Using hard...

The second volume of the bestselling landmark work on the history of the modern stateWriting in The Wall Street Journal, David Gress called Francis Fukuyama's Origins of Political Order "magisterial in its learning and admirably immodest in its ambition." In The New York Times Book Review, Michael Lind described the book as "a major achievement by one of the leading public intellectuals of our time." And in The Washington Post, G...

A review of the headlines of the past decade seems to show that disasters are often part of capitalist systems: the high-tech bubble, the Enron fraud, the Madoff Ponzi scheme, the great housing bubble, massive lay-offs, and a widening income gap. Disenchantment with the market economy has reached the point that many even question capitalism itself. Allan H. Meltzer disagrees, passionately and persuasively. Drawing on deep expertise as a financial historian and authority on economic theory,...

A reader-friendly introduction to geostatistics for students and researchers struggling with statistics. Using simple, clear explanations for introductory and advanced material, it demystifies complex concepts and makes formulas and statistical tests easy to apply. Beginning with a critical evaluation of experimental and sampling design, the book moves on to explain essential concepts of probability, statistical significance and type 1 and type 2 error. An accessible graphical explanation ...

America is mired in debt—more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same.In White House Burning, Simon Johnson and James Kwak—authors of the national best seller 13 Bankers and cofounders...

Bayesian Statistics is the school of thought that combines prior beliefs with the likelihood of a hypothesis to arrive at posterior beliefs. The first edition of Peter Lee’s book appeared in 1989, but the subject has moved ever onwards, with increasing emphasis on Monte Carlo based techniques.This new fourth edition looks at recent techniques such as variational methods, Bayesian importance sampling, approximate Bayesian computation and Reversible Jump Markov Chain Monte Carlo (RJM...