Browsing Category

New book

New book, Research Findings

How Culture Shapes Regulation


October 24, 2024

Where does better or worse regulation come from? At a time when financial crises are growing more frequent and more spectacular around the world, this question has only become more important. The quality and efficacy of economic regulation is also something that varies across time and place. Understanding the source of this variation holds important lessons for effective regulatory design for those who are willing to pay attention.

In my recent book, Visions of Financial Order, I offer new insight into the origins of regulatory success and failure by explaining the divergent development of banking regulation in three countries that were supposed to be following the same international regulatory rules—the U.S., Canada, and Spain—in the decades leading up to the 2008 global financial crisis. I show that in each country, banking regulators made different choices in key areas that directly impacted how banks experienced the crisis.

Continue Reading…
New book, Research Findings

Class power, partisan linkages, and labor policy reform


September 9, 2024

Neoliberalism has profoundly transformed industrial relations systems—most notably, the implementation of pro-business labor policies aiming at decentralizing collective bargaining and restricting unions’ bargaining power.

In the last decades, neoliberalism has been publicly contested by labor unions and social movements across the globe. However, neoliberal labor policies have proven resilient against reform. In most countries progressive governments have been unable to implement policies to restore the institutional power resources unions used to have during the “golden age” of welfare capitalism.

Why is it so difficult to reform neoliberal, pro-business labor laws? How, in the context of highly globalized societies, can workers overcome the constraints progressive governments face in promoting pro-labor policies? How, in these contexts, can organized labor influence the policymaking process?

Continue Reading…
New book, Research Findings

Studying the state through the movements of bureaucrats: China and its economic policy paradigms


August 21, 2024

In times of geopolitical tension generated by great power rivalry, ordinary politics and policies are often attributed to “grand strategy,” a centrally coordinated master plan for achieving hegemonic aims. This is especially so if the policymaker in question is an authoritarian country with significant economic and military might, such as China. For instance, Made in China 2025, an industrial policy that aims to enhance the international competitiveness of China’s manufacturing sectors , is widely seen as a top-down industrial strategy driven by China’s supreme leaders and embodying the national will.

My book, Markets with Bureaucratic Characteristics, traces the origin of economic  policies that have propelled China’s economic growth. It reveals the meso-level genesis of what are taken as “grand strategies”: they are formulated by ministry- and bureau-level bureaucrats who have a stake in developing policies that advance their careers in a competitive bureaucracy. Without understanding this bureaucratic source of modern politics, we fail to appreciate the backstage machinations that explain what policies emerge on the front stage.

Continue Reading…
New book

Credit by numbers? The quantification of creditworthiness


August 31, 2023

Do you know what a FICO score is, or the value of your own score?

Not everyone does, even though FICO scores are incredibly fateful for individuals and their households. Why? Because today FICO scores govern access to credit, and credit is usually needed to make big purchases (for example, financing a new car, or getting a mortgage to buy a home), to deal with short-term emergency expenses (like surprise medical bills), or to maintain consumption when household income gets interrupted because someone lost their job.

A high score means easier credit, while a low score means expensive credit (higher interest rates) or even no credit at all. That these scores play such a central role should come as no surprise because, in fact, FICO scores were designed to govern access to consumer credit, on a mass scale. But now they are used in other contexts as well, and so have become even more consequential.

Continue Reading…
New book

Resisting racializing surveillance through art


March 23, 2023

Surveillance is everywhere these days, but its punitive impacts are experienced unevenly. Police patrol minoritized communities, algorithms discriminate against people of color, borders screen out migrants and refugees, and identification systems mislabel gender nonconforming individuals.

Growing concern over surveillance has spawned many colorful forms of resistance. In my recent book, Crisis Vision: Race and the Cultural Production of Surveillance, I analyze dozens of resistance artworks that seek to interrupt surveillance abuses.

By paying attention to the work of artists, I argue that we can learn about the deeper logics of surveillance and become more reflexive about our responses.

Continue Reading…
New book

Is our economic system fixable? What could be an alternative?


March 9, 2023

The flaws of the modern economic system in the Western world have become pervasive with the dominance of the Big Tech firms, while antitrust regulation and enforcement struggle to restrain these firms. We cannot blame the Big Tech firms for mastering the rules of an economic system that allows profit maximization to override societal values such as sustainability and well-being.

What is the root cause of these challenges, and how can we cope with them?

In my recent book, I examine several grand challenges and identify one underlying cause: our economic system reinforces opportunistic behavior by prioritizing profit and utility maximization. Despite heterogeneity in individuals’ inclinations to behave opportunistically, this system rewards the opportunists while penalizing those who seek to benefit others. To remedy this, I propose an alternative economic system – the cooperative economy, which is instituted on prosocial behavior.

Continue Reading…
New book

The consequences of being measured


February 16, 2023

What happens when we systematically measure the quality of knowledge in academic settings? For thousands of scientists across the United Kingdom, the answer is dishearteningly close to their hearts: measured and quantified knowledge becomes more similar and homogeneous, eroding the organizational and epistemic diversity of their fields over time.

This is what I find in my recently published book The Quantified Scholar: How Research Evaluations Transformed the British Social Sciences. Focusing on the evolution of four disciplines (anthropology, economics, political science, and sociology) I find that a specific way of measuring the quality of knowledge—periodic country-wide assessments of Britain’s public universities—has resulted in more homogeneous disciplines, both in terms of their organization and their content.

Continue Reading…
New book

How did China’s supplemental education sector grow to be the world’s largest for-profit education industry?


February 9, 2023

Supplemental education, such as test-preparation coaching and after-school tutoring, has become increasingly influential in determining educational outcome and social inequality. To date, most studies on supplemental education have focused on its impact on students and glossed over the supply-side story: how do supplemental education organizations (SEOs) operate and how do they transform in the context of major socioeconomic transitions?

In a recently published book, I examine the expansion and transformation of the world’s largest and most vibrant for-profit education industry—China’s supplemental education industry (the Industry) during the last four decades’ market transition. In the 1980s, all leading Chinese SEOs were nonprivate state-affiliated schools or small mom-and-pop ones stuck in dilapidated classrooms and informal practices.

How and why did they evolve into private and globally financed for-profit corporations, despite systematic restrictions by the Chinese state?

Continue Reading…
New book

What Workers Say: Decades of Struggle and How to Make Real Opportunity Now


October 6, 2022

A common question when meeting someone new is asking them, “What do you do?”

People’s work, and the labor market more broadly, occupy millions of people’s lives in the U.S. and around the globe. But why is “What do you do?” often the first question? Of course it’s partly because most people need the money that work provides—and often need more money than their particular labor market job offers. It’s also because what we “do” is often shorthand to others for “who we are.”

Yet “who we are” does not begin to touch the lack of opportunity in many of today’s labor market jobs, whether in manufacturing, printing, construction, healthcare, clerical work, retail, real estate, architecture, or automotive services. These are occupations and industries that have employed nearly two-thirds of the U.S. workforce since 1980, as workers in these areas since the 1980s until today vividly describe in my new book.

Continue Reading…
New book

Shaping the Futures of Work: Proactive Governance and Millennials


September 1, 2022

The Fourth Industrial Revolution has significantly changed the world through big data, artificial intelligence, and other forms of automation. Hence, the workplace is increasingly fraught by technological disruptions and consequent loss of long-term employment security for all generations. Even educated Millennials who are popularly considered as digital natives are not spared the anxiety of automation and rapidly changing requirements for new skill sets.

How can Millennials best adapt to a transforming world and prepare themselves for a vastly unsettling future of work? My new book Shaping the Futures of Work: Proactive Governance and Millennials aims to provide answers to these questions. Why Millennials? I study their careers because they are currently in large numbers in the workforce.

Continue Reading…