Thursday, August 19, 2010
market mania and collective purpose: three great fall books
One reason I love university presses is that, at their best, they serve as a kind of coal mine canary for big ideas. They combine extraordinary reserves of editorial patience with an exceptional level of academic brainpower. This makes the university press publishing process an incubation period for ideas that can later make their way into public discourse in a splashier way.
Hundreds of popular books on evolution over the past couple decades owe their existence to the transformational research of E.O. Wilson and his book Sociobiology.
Steven Pinker’s crisp, cogent arguments about cognition rely mightily on dozens of books nurtured over many years by the cognitive science masters at The MIT Press and other academic publishers.
And the John Gray “Men are from Mars, Women are from Venus” industry rests on a foundation of academic scholarship, much of which originated with university press publishing. Interestingly, this fall Harvard will publish Rebecca Jordan-Young’s book Brain Storm: The Flaws in the Science of Sex Differences (September 2010), which calls into question twenty years of received wisdom on the alleged mars/venus gender divide.
My point is that books published by university presses often signal trends. And this season I’m thrilled to see a cluster of fascinating titles examining our collective hallucination about the so-called free market system coming from Harvard University Press. If history is repeated, these books should presage a broader popular discussion about the system we live under and take for granted.
In a most straight-forward way, eminent Chicago scholar Bernard E. Harcourt takes on what he calls one of the most pernicious myths of the modern era- the idea that the market is self-regulating if left alone. In his sweeping new book The Illusion of Free Markets: Punishment & the Myth of Natural Order (January 2011), Harcourt brilliantly links our irrational notions about punishment with our fantasies about the supposedly natural system of market organization. It’s a deeply subversive book in the best sense of the word.
Ten years ago, Harcourt launched a critique of the “broken windows” philosophy of urban law enforcement (the idea that if you harshly punish small property crimes, it will stop the big crimes) with his book Illusion of Order. That strategy had hypnotized policy-makers, and Harcourt’s thoughtful challenge opened a discussion. I’m hopeful that his new book will inspire a similar rethinking of our faith in the market metaphor.
In Maynard’s Revenge: The Collapse of Free Market Macroeconomics (January 2011) Lance Taylor shows how little relevance mainstream macroeconomic theories have for the everyday real world. This is a very technical book aimed at economists, thus way above my pay or brain grade, but the gist of the argument is clear. The emperor has no clothes! This is the sort of big, important book that will hopefully percolate through to the pop economists and the general educated public.
Finally, in another big idea book with a more philosophical bent, historian Daniel T. Rodgers, in Age of Fracture (January 2011) writes about the ways in which the decade of the eighties really transformed us in ways we still don’t completely understand or acknowledge. Longstanding shared commitments to social obligation and collective social institutions were replaced by an obsession with the private self and its individual desires. Our politics turn so much on a supposed left/right divide, but Rodgers posits that the more important split is the private/collective one.
As I read this book I was struck by how much the market obsession Taylor and Harcourt write about relies on this devaluing of what we owe to each other. It’s the sort of wonderful, beautifully written book that feels powerful, as if it could actually prompt a mass attitude shift if enough people read it.
It’s hard to imagine reading this cluster of books without shedding a few illusions about the capitalist system. That’s a long overdue national discussion that will need both university presses and trade publishers to move it along.
The critique is getting sharper and sharper, aided by the daily headlines and real life unemployment lines. Unfortunately, there’s often a yawning gap between the comprehensiveness of the indictment and the scope of the proposed remedies. Tweaks won’t do. What we desperately need now are big idea alternative social and economic arrangements, and some daring 21st century socialist thinkers to dream them up. That’s a publishing trend I’m anxious to see.