The Best Books in Economic Sociology and Political Economy for 2024

As this year draws to a close, it is an opportune time to highlight and praise some of the best books in Economic Sociology and Political Economy that have been named and recognized by several major associations in our field. These are extraordinary studies, in their empirical innovation and theoretical contribution. Above all, they are intellectually captivating, essentially thought-provoking, and exceptionally well-written books.

The Society for the Advancement of Socio-Economics bestowed the 2024 Alice Amsden Best Book Award to Kimberly Kay Hoang’s Spiderweb Capitalism: How Global Elites Exploit Frontier Markets (Princeton UP, 2022) that takes us inside a shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, and company secretaries who facilitate the illicit movement of wealth across borders. Two remarkable books received Honorable Mention: Smitha Radhakrishnan’s Making Women Pay: Microfinance in Urban India (Duke UP, 2022) and Victor Roy’s Capitalizing a Cure: How Finance Controls the Price (University of California Press, 2023).

The American Sociological Association’s Economic Sociology section granted the 2024 Zelizer Best Book Award to Jordanna Matlon’s A Man among Other Men: The Crisis of Black Masculinity in Racial Capitalism (Cornell UP, 2022). Two excellent books received Honorable Mention: Megan Tobias Neely’s Hedged Out: Inequality and Insecurity on Wall Street (University of California Press, 2022) and Jessi Streib’s The Accidental Equalizer: How Luck Determines Pay After College (University of Chicago Press, 2023).
The ES/PE community extends warm, collegial congratulations to these outstanding and committed scholars who crafted these superb books, and we wish them — and we hope for all of us — a fruitful, successful, and peaceful new year!

> The past Alice Amsden Book Award recipients:

2023: Megan Tobias Neely, Hedged Out: Inequality and Insecurity on Wall Street. University of California Press, 2022
Honorable Mention: Sidney A. Rothstein, Recoding Power: Tactics for Mobilizing Tech Workers. Oxford University Press, 2022

2022: Yuen Yuen Ang, China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption. Cambridge University Press, 2020.
Honorable Mentions: Rebecca Elliott, Underwater: Loss, Flood Insurance, and the Moral Economy of Climate Change in the United States. Columbia University Press, 2021 and Rhacel Salazar Parreñas, Unfree: Migrant Domestic Work in Arab States. Stanford University Press, 2021

2021: Amy Offner, Sorting Out the Mixed Economy: The Rise and Fall of Welfare and Developmental States in the Americas. Princeton University Press, 2019
Honorable Mention: Aldo Madariaga, Neoliberal Resilience: Lessons in Democracy and Development from Latin America and Eastern Europe. Princeton University Press, 2020

2020:  Sarah Quinn, American BondsHow Credit Markets Shaped a Nation. Princeton University Press, 2019.
Honorable Mention: Zsófia Barta, In the Red: The Politics of Public Debt Accumulation in Developed Countries. University of Michigan Press, 2019

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2019Ching Kwan Lee, The Specter of Global China: Politics, Labor, and Foreign Investment in Africa. University of Chicago Press, 2018

> The past Zelizer Best Book Award recipients:

2023: Elizabeth Korver-Glenn, Race Brokers: Housing Markets and Segregation in 21st Century Urban America. Oxford University Press, 2021
and
Elizabeth Popp Berman, Thinking Like an Economist: How Efficiency Replaced Equality in US Public Policy. Princeton University Press, 2022

2022: Rebecca Elliott, Underwater: Loss, Flood Insurance, and the Moral Economy of Climate Change in the United States. Columbia University Press, 2021.
and
Angèle Christin, Metrics at Work: Journalism and the Contested Meaning of Algorithms. Princeton University Press, 2020
Honorable Mention: Mitchel Abolafia, Stewards of the Market: How the Federal Reserve Made Sense of the Financial Crisis. Harvard University Press, 2020.

2021: Nitsan Chorev, Give and Take: Developmental Foreign Aid and the Pharmaceutical Industry in East Africa. Princeton University Press, 2019
and
Jeffrey J. Sallaz, Lives on the Line: How the Philippines Became the World’s Call Center Capital. Oxford University Press, 2019.
Honorable Mention: Erin L. Kelly and Phyllis Moen, Overload: How Good Jobs Went Bad and What We Can Do About It. Princeton University Press, 2020

2020: Sarah Quinn, American BondsHow Credit Markets Shaped a Nation. Princeton University Press, 2019

2019Monica Prasad, Starving the Beast: Ronald Reagan and the Tax Cut Revolution. Russell Sage, 2018
Honorable Mention: Stephanie L. Mudge, Leftism Reinvented: Western Parties from Socialism to Neoliberalism. Harvard University Press, 2018

2018Yuen Yuen Ang, How China Escaped the Poverty Trap. Cornell University Press, 2016

2017Marc Steinberg, England’s Great Transformation: Law, Labor, and the Industrial Revolution. University of Chicago Press, 2016

2016Gabriel Abend, The Moral Background: An Inquiry into the History of Business Ethics. Princeton University Press, 2014

2016Debbie Becher, Private Property and Public Power for Eminent Domain in Philadelphia. Oxford University Press, 2014

2015Martin Reuf, Between Slavery and Capitalism: The Legacy of Emancipation in the American South. Princeton University Press, 2014

2014Ofer Sharone, Flawed System, Flawed Self: Job Searching and Unemployment Experiences. University of Chicago Press, 2013

2013Lyn Spillman, Solidarity in Strategy: Making Business Meaningful in American Trade Associations. University of Chicago Press, 2012

2013Monica Prasad, The Land of Too Much: American Abundance and the Paradox of Poverty. Harvard University Press, 2012

2012Greta R. Krippner, Capitalizing on Crisis: The Political Origins of the Rise of Finance. Harvard University Press, 2012

2010Terence G. Halliday and Bruce G. Carruthers, Bankrupt: Global Lawmaking and Systemic Financial Crisis. Stanford University Press, 2009

2008Donald MacKenzie, An Engine, Not a Camera: How Financial Models Shape Markets. MIT Press, 2006

2006Olav Velthuis, Talking Prizes: Symbolic Meaning of Prices on the Market for Contemporary Art. Princeton University Press, 2005

2006James R. Lincoln and Michael L. Gerlach, Japan’s Network Economy: Structure, Persistence and Change. Cambridge University Press, 2004

2004Harrison White, Markets from Networks Networks: Socioeconomic Models of Production. Princeton University Press, 2002

2004Sarah Babb, Managing Mexico: Economists from Nationalism to Neoliberalism. Princeton University Press, 2001

2003Neil Fligstein, The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. Princeton University Press, 2002

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4 comments

  1. Can you suggest any books related to visual messaging and how it impacts society. Particularly difference in public visuals compared to commerce ones. Thank you. I have a Bachelore in Sociology from the 1970s. Was about to go back as a senior to attend classes for free. At same University seeking to better understand the overpowering privitization of wealth thru non producing means.

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    • Visual messaging and how it impacts society — that’s not my field… I thinks there are many works about this topic in Cultural Studies / Media Studies / Consumerism studies.
      Good luck with your return to the School — sounds fantastic to do it at this stage of life…

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      • That was fast. Covid 19 ended the opportunity to set in on Economic classes. I am twice retired now. I will ckeck in on your book suggestions regularly. I do think there is a very strong connection to images as influencers in behavior. Also brain studys indicate the types of brains and how this influences idenity. Please excuse my texting. Recovering from hand surgery.

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