Diversify and Decolonise your Economics Reading List- Fall 2020

As the Summer draws to a close, we bring together our list of the best and most interesting books from the first half of this year. Most Economics reading lists that one typically sees from the usual sources are usually stocked with books written predominantly by white men, or those that focus on the US or Western Europe, or approach questions from a mainstream perspective. We include books that we hope not only present a wider selection of books in terms of who writes them, but also in terms of the topic and/or perspective. 

Typically we release our list in the Summer, but unfortunately this pandemic has delayed us on several fronts as well. Hopefully, our Pandemic Reading List kept you busy. And we hope that after six months of COVID-19 related lockdowns, your schedules have become more predictable so that you have some time to peruse some or all of these books. In this list we included books that re-examine digitalization of finance, mass consumption of chocolate, the role of corruption in development, the production of data, modern slavery, and neoliberalism. It reflects our belief that structural racism, sexism, and imperialism shape our lives, and any understanding of economic phenomenon is incomplete without an understanding of structural power. 

The Exclusionary Politics of Digital Financial Inclusion – Mobile Money, Gendered Walls

By Serena Natile

This is important interdisciplinary book ties together the political economy of digital financial inclusion with socio-legal, feminist, financial and political analysis in a very fruitful manner. It critically interrogates how Kenya’s pathbreaking mobile money platform M-Pesa has been built on narratives and institutional arrangements that present M-Pesa as a success, while it is premised on a logic of opportunity rather than distribution. Bringing in a feminist lens to the study of financial inclusion is particularly important and timely as it is becoming increasingly clear that such efforts have gendered implications. Natile also connects the case of M-Pesa to broader development debates about social entrepreneurship and philanthrocapitalism, which makes the book relevant for anyone interested in understanding social policy in development today. 

Planetary Mine – Territories of Extraction under Late Capitalism

Martín Arboleda

In this new book, Arboleda discusses several contemporary phenomenon like mechanization of mining, the emergence of Global Value Chains, especially in East Asia, and the use of state violence to weave an interesting and compelling story of extraction and exploitation of natural resources. However, this is not just a book about the political economy of research extraction in Chile in particular and Latin America, generally, but it uses resource extraction as an analytical entry point to theorize uneven geographical development. This is done in this book in the tradition of the World Systems approach, though it claims to break with the tradition of dependency theory and uneven exchange, especially insofar as Arboleda emphasizes that the processes outlined transcend national economies and are based on a global class antagonism. This book presents an understanding of imperialism as one of the forms in which global value relations assert themselves. Planetary Mines is a must-read for a fresh examination of the global inequality and the asymmetric relationships along the global production assembly line. 

Empire, Political Economy, and the Diffusion of Chocolate in the Atlantic World

Irene Fattacciu

This new book tells the story of how chocolate came to be the product that so many of us love today, while centering its colonial origins and its current structures of production that are dominated by US and European multinational corporations. Fattacciu brings us the uncomfortable truth of how production of chocolate has long been tainted with coerced and unethically sourced labour, by taking us on a journey of how cocoa became the first seed to cross the Atlantic from ex-Spanish colonies to Africa in an attempt by the Spanish colonizers to regain control over colonial trade, and journeying further to Western European consumers. She investigates the key moments of intersection between the various actors involved in chocolate’s successful trajectory over the years to explain the subsequent boom in chocolate consumption at the end of the 18th century. It gives us a great insight into colonial extraction, monopoly capitalism, and the democratization of a formerly exotic and luxury product.

China’s Gilded Age – The Paradox of Economic Boom and Vast Corruption

Yuen Yuen Ang

This book debunks one of the most popular and strong assumptions about economic development: that corruption hurts economic growth. Therefore, eradicating corruption in the government is generally thought of as a precondition of sustained economic development. However, the Chinese economy that has been one of the fastest growing economies in the past three decades is plagued with widespread corruption. Ang breaks down conventional wisdom about corruption and argues that not all corruption is the same, and that in all instances corruption does not hamper growth. Ang argues that corruption is a fundamental feature of capitalism, and some types of corruption that involves elite political actors and high monetary stakes and the allocation of valuable resources such as land and legislations can actually spur investment, and thereby economic development. However, corruption has other implications for resource allocation, systemic risks, and inequality. 

Tea War – A History of Capitalism in China and India

Andrew B. Liu

A persistent feature of some contemporary economic history is the fragmented study of nation-states as atomistic entities and the ontological premise of inherent, traditional features of societies as teleological explanations for their relative historical success or failure in economic modernisation. Andrew B. Liu in Tea Wars offers an important remedy. He explores the case of the British-Indian and Chinese tea industry in the late nineteenth and early twentieth century, focusing on competitive interdependent ties forged by trade and the historically contingent outcomes. The emergent production systems in India and China came to be based on intensive, unfree forms of çoolie and peasant labour that contributed to immense fortunes for the British and Chinese traders alike and were central to capitalist accumulation. This contrasts with the more euro-centric accounts that placed mechanised production and free labour within the West as the primary mode and site of capitalist accumulation; and the persistence of unfree labour in the South as a cause for its historical backwardness. Replete with interesting historical anecdotes, this book offers a lucid and original contribution to the debate on historical economic divergence and global history of capitalism.

From Here to Equality Reparations for Black Americans in the Twenty-First Century 

William A. Darity Jr., A. Kirsten Mullen

The current juncture has exposed and magnified the several existing cracks in our social and economic system, particularly those along the lines of gender, race, caste, sexuality, religion. The Black Lives Movement that recently gained momentum is a representation of the discontent with the current unjust economic order. In this context, this book is a timely and powerful intervention that makes a case for economic reparations for the US descendants of slavery. The authors provide a detailed historical evaluation of inequality that is ‘born of slavery’, and examine the intergenerational impact of the racial hierarchy in the social and political sphere on the economic well-being of the black population in the US. They assign a monetary value to these historical injustices and make a compelling case for a reparation program for the US descendants of slavery.

Combating Modern Slavery: Why Labour Governance is Failing and What we can do about it

Genevieve LeBaron

This is an important book that explores the contradiction of multinational corporations, such as Coca Cola, Amazon, Apple and Unilever, positioning themselves as fighters of modern slavery. It goes beyond the study of exploitative labor relations on the ground to trace how they are legitimized through a complex governance network centered in the Global North, despite the involvement of anti-slavery networks and ethical certification schemes. Indeed, the book details how severe labor exploitation is legitimized precisely through futile attempts to implement ‘corporate social responsibility’. LeBaron also presents an alternative way of confronting modern slavery which addresses the prevalent business models head on to enforce the necessary labor standards.  

Nine lives of Neoliberalism

Edited by Philip Mirowski, Dieter Plehwe, and Quinn Slobodian

Given the criticality of the current economic and political juncture, this collection of articles on neoliberalism provides a rather timely intervention. The collection explores the heterogeneities and the various aspects that encompass the ‘neoliberal thought style’. It examines how the project of neoliberalism goes beyond the commonly (mis)understood reasoning of market fundamentalism and homoeconomicus, and encompasses various political, ideological, and other ‘extra-economic’ processes that create and sustain the neoliberal order. The volume, through an evaluation of these different processes, explores the complexity of this project and how it has evolved historically.

Decolonizing the University, Knowledge Systems and Disciplines in Africa

Edited by by Sabelo J. Ndlovu-Gatsheni and Siphamandla Zondi

This is an exciting book edited by two giants in the field of decolonial studies,  Sabelo J. Ndlovu-Gatsheni and Siphamandla Zondi. It is particularly timely as the questions of what it means to ‘decolonize’ science has started to emerge in mainstream debates. The editors provide an accessible introduction to what coloniality of knowledge means, how African universities have become Westernized, and ways in which it is possible for African universities to ‘de-link’ from Eurocentric knowledge systems. Through 13 diverse chapters, the book delves into the roles of power, epistemology, methodology and ideology in creating and reproducing these Westernized knowledge systems across disciplines. Crucially, as the book makes clear that coloniality of knowledge is in itself a technology for suppression of alternative discourses and new imagination, the editors argue for ‘epistemic disobedience’. 

Data Feminism

Catherine D’Ignazio and Lauren F. Klein

While there is much debate around the biases that underpin theories and tools that we employ in social sciences, this book extends this discussion to lay bare the biases that plague data as well. Using an intersectional feminist lens, the book explores how power shapes the way data is collected, classified, and interpreted. The book focuses on two specific aspects: how the standard practices in data science tend to exacerbate the existing inequalities and benefit the privileged social groups, and how data itself can be used to challenge these hierarchies and inequalities. Recognizing the importance of data in shaping policies, the book recommends concrete ways in which these biases can be challenged. A timely, important, and powerful intervention to expose and reform one of the several biases that plague the process of knowledge production.

Making the Modern Slum: The Power of Capital in Colonial Bombay

Sheetal Chhabria

This book presents a novel approach to histories of colonial urbanisation and to the study of the cities of the Global South by historically tracing the making of the Bombay slums. It delineates the official discourse on city development which emerged and ossified during times of intense crisis – the recurrent famines and later the bubonic plague – that gripped the surrounding hinterlands and the city and in the late nineteenth and early twentieth century. Comprising seven chapters, the book sifts through detailed archival records to argue that these crises were the central moments around which the politics of inclusion and exclusion was shaped through a confluence of interests of the colonial administration and those of the local city elites. The project of city making in a colonial underdeveloped context thus became one of defining what the city was by defining what it wasn’t, thus placing the city itself above those who created it. These official classifications problematised and excluded not just a vast majority of the city’s working class but also categorised and excluded industrial, spatial, architectural features that were perceived as “not quite city like”. Through the process of official categorisations and classifications, inclusions and exclusions, the official project of city-making created its “internal other” – the Bombay slums. This, in turn, ensured a poorer working class and higher capital accumulation for the elites. This book is an interesting read for not just those interested specifically in the colonial history of  Bombay, but even those who want to understand the “deviant” development of the cities of the Global South.

This list was compiled for D-Econ by Aditi Dixit, Devika Dutt, Surbhi Kesar, and Ingrid Harvold Kvangraven

Decolonise your Pandemic Reading List

The article originally appeared on openDemocracy as a part of their `Decolonising the Economy’ series.

To understand the socio-economic impacts of COVID-19, it is necessary to draw on insights from a broad range of disciplines and geographies. To this end, D-Econ has put together a list of readings to help you decolonize your reading list about the pandemic. Included in this list you’ll find research based on the West African experience with Ebola, China’s experience with SARS and Zimbabwe’s experience with Cholera, which is all relevant for understanding the present crisis. Furthermore, we’ve included books that unpack the racial inequalities underpinning the American health system, how the World Trade Organization as well as international financial institutions impact and interact with domestic health institutions, and how pandemics historically have shaped all aspects of society. You’ll also find books that present a feminist lens on understanding economies and useful background reading for understanding the risk of new debt crises in Africa.

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D-Econ Statement of Solidarity with Black Lives Matter and Affirmative Action Points related to the Discipline and Pedagogy in Economics

In the midst of the global pandemic, governments all over the world have unleashed a series of violent attacks on people that are protesting the violence inflicted on Black people. The brutal killing of George Floyd, Breonna Taylor, Tony McDade, Ahmaud Arbery and countless other Black people has once again brought systemic racism and discrimination of Black people in the spotlight.  As we know these are not one-off incidents, but rather what Black people have always been experiencing: unresolved issues of race and discrimination in the US and around the globe are not a single event or a series of recurrent events but constitute historical and institutionalized racism. As a platform which advocates for both decolonizing and diversifying economics, D-Econ joins other organizations in condemning this violence and systemic discrimination.

We are heartened to see the outpouring of solidarity for the Black Lives Matters Movement among economists. However, we believe urgent and comprehensive action is needed to truly ensure that Black Lives and Black voices matter in the profession. In line with our mission statement to reform the discipline of economics, we have issued the following non-exhaustive points for affirmative action for universities, managements, and academic and non-academic policy and advocacy institutions. We believe implementing these points transcend the need for performative alliances with Black academics and activists.

  1. It is imperative that universities and policy research organizations increase the employment of Black academics, policy specialists, and NGO advocates in permanent roles. Without the input of Black people, it is impossible to actually have meaningful change. This will not happen automatically, and university and research organizations need to actively seek out and recruit Black economists, specifically Black women economists. In the meanwhile, it is crucial that the work and voice of Black academics be amplified.
  1. Universities need to make a special effort to recruit and retain Black undergraduate and graduate students in their student body, and to ensure that they create a safe space for them against racist discrimination and violence. This is the only way that departments can become inclusive spaces and contribute to the upliftment of Black people and other underrepresented minorities. Armed police should not be present on university campuses, as they seek to profile, threaten, injure, and arrest Black students. Not only is this deeply unjust and dangerous, it is directly inimical to learning, especially those that are disproportionately targeted by police. 
  1. The curriculum of courses that are taught in economics department need to center racial capitalism, structural violence, and systemic discrimination. It is not enough to relegate this to optional courses. This needs to be compulsory education for all students. The teaching of economic history, specifically that of slavery and colonialism is indispensable to the understanding of present day inequalities and structural violence, and should therefore should also be made mandatory.   
  1. Several institutions within the discipline are institutionally discriminatory. These range from using the GRE and English language tests for graduate school admissions, REF in the UK, which discriminates against non-native speakers of English and non-white people and women by rewarding productivity in publishing while being less concerned with quality, ranking of journals and departments determining promotions and hiring decisions, among others. These need to be re-evaluated in a serious way. 
  1. All instructors need to ensure that they do not exclusively require students to read books and articles by white men. And this should not be limited to courses on racial inequality: Black academics study all sub-fields of economics, and their scholarship, and those of other underrepresented minorities, need to be in all courses. 
  1. All journal editors should periodically publish the race and gender breakdown of their publication and submission statistics. They should also report on the measures taken to increase the diversity within publishing. Furthermore, we need to ensure that journal editors are held accountable for the performance of the journal under their stewardship.
  1. Bullying and policing of minorities based on issues of representation should be scrutinized and investigated thoroughly, especially involving those in positions of power and junior staff members.
  1. Economics is not only a North American and Western European profession, and publishing, hiring, funding, and conferences should reflect this fact. The profession needs to deal with its Eurocentrism, in part by valuing knowledge that is produced outside the usual boundaries of  elite institutions in North America and Western Europe. 
  2. Racism is a structural problem, and therefore the solution needs to be structural. It is not enough for individuals to voice support for anti-racism, which is required but is the bare minimum. In fact, many individuals may face repercussions for speaking up against powerful gatekeepers in the profession. Anti-racism in economics needs to be institutional, with it being the focus in curriculum, methodology, hiring decisions, accountability of journal editors, diversity in conference and seminar programs, among others. Change must be initiated by institutions.

Call for Applications: Workshop on Diversifying and Decolonising the History of Economics

On June 17th in Utrecht, Netherlands, before the 2020 HES Conference

As widely documented, economics lacks gender and ethnic diversity. Women and economists from so-called minority groups face disadvantages and even outright discrimination. Within the history of economics, the topic of diversity has also raised some discussion and it has been acknowledged that history of economics meetings often lack of diversity of participants. This is paralleled by a lack of diversity when it comes to research. Research within the field is largely directed at the few, towering, (male) economists, as recent surveys of publications in history of economic thought journals have shown.


That diversity in history of economic thought is essential can be seen in the fact that male dominated research has tended to “serve male interests” reinforcing gender inequality. At the same time, there is an interest in and a demand of increasing the diversity both of scholars and of research, as discussion within the HES and other organisations such as AEA have shown. The aim of the workshop is to increase the visibility of diversity issues in the field of history of economic thought. We will be joined by two senior scholars working on diversity and decolonisation within economics and the history of economic thought: Dr. Rebeca Gomez Betancourt , and Dr. Sara Marzagora . We aim to address issues both of diversity of thinkers and of diversity of methods. This includes a reflection of how our own research might be impacted by taking into consideration issues of
diversity.


We encourage especially, but not exclusively, young scholars (including PhD level) researching on history of economic thought or those who adopt historical methods in their research to apply to the workshop. A limited amount of travel stipends for scholars based inside and outside Europe is available.


To apply, please submit a brief description of your own research (100-200 words) and a brief motivation for your application (200-300 words) to diversityhetworkshop@gmail.com If you want to be considered for a travel stipend, please note this in your email. For further information and inquiries, please contact us.


The deadline for applications is February 29th , 2020. Successful candidates will be notified by early March.


The workshop is organised by D-Econ Steering Group members Danielle Guizzo, Ariane Hillig, and Reinhard Schumacher. It is funded by the History of Economics Society’s New Initiative Fund.

D-Econ at ASSA and ICAPE 2020

D-Econ was present at the Annual American Social Science Association (ASSA) Meetings and International Confederation of Associations for Pluralism in Economics (ICAPE) Conference 2020 from Jan 3 to Jan 6 2020 in San Deigo, USA. The conferences were attended by several senior and junior scholars in Economics from across the world, particularly by those based in the USA.

D-Econ organised a round table discussion on “Diversity in Heterodox Economics: Radical Solution for an old Problem” at ICAPE 2020. The panelists for the round-table were Hanna Szymborska (Birmingham City University) [Chair], Devika Dutt (University of Massachusetts, Amherst), and Surbhi Kesar (Azim Premji University and South Asian University). It was an interactive round table, where several issues relating to the colonized nature of the discipline, and how lack of diversity is intimately related to this colonized nature, were discussed. Devika and Hanna talked about how these biases are perpetuated in the discipline and how D-Econ aims to be a movement to counter such biases. Surbhi briefly talked about how the process of knowledge creation is a political process and, as a part of that process, how Development Economics came to be a colonized discipline. The session was attended by several scholars, who shared their own experiences and insights on these issues. We collectively discussed how to challenge the prevalent sexism and racism in our profession and the colonial underpinnings of our discipline. We are grateful to the participants who encouraged our initiative and expressed a great deal of interest in being involved with D-Econ!

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Diversify and Decolonise your Holiday Reading List

The D-Econ Winter 2019 Reading List

This article originally appeared on openDemocracy, as a part of their ‘Decolonising the Economy’ series.

Get a head start on your New Year’s Resolution to read more, by reading some or all of our recommended reads from our Winter 2019 Reading List! As the previous year drew to a close, we took stock of best books published last year. While mainstream economics publications (e.g. see the FT list or The Economist’s list) have been celebrating a very narrow range of authors and subjects (mostly white men based in the US and the UK, writing within mainstream economics), we have put together a more diverse list in terms of background, training, and perspective.   

This Alternative Economics list includes authors from across the world, with more varied backgrounds – and writing about more wide-ranging topics from a broader variety of perspectives. Our alternative list also reflects our belief that issues such as structural sexism, imperialism, and the politics of knowledge production are central to understanding economics. 

Due to institutional and language barriers we were unable to include as many scholars from the Global South as we would have liked. For example, we would love to read the new book L’Arme Invisible de la Françafrique by Fanny Pigeaud and Ndongo Samba Sylla on the how the CFA Franc continues to constrain the social, political and economic prospects of its member states, but we are still waiting for the English translation. 

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D-Econ in Hanoi, 2019: Discussing Decolonising Economics with Young Scholars in Vietnam

D-Econ will be present at the Asia Convening of the Young Scholar’s Initiative of the Institute for New Economic Thinking from 12 to 15, August 2019 in Hanoi, Vietnam. The convening will be attended by a vibrant community of scholars from around 125 countries (full programme here). D-Econ will be at the convening to engage with the issues of Western-centrism and lack of diversity in Economics as a discipline and to discuss possible actions that we can collectively undertake to deal with these biases. We are organising a round-table on this theme at the convening on August 14, 2019 from 10:30 am to 12:15 pm. The panelists for the round-table are Devika Dutt (University of Massachusetts, Amherst), Surbhi Kesar (Azim Premji University and South Asian University), Seung Woo Kim (Graduate Institute of International and Development Studies), and Jenny Tue Anh Nguyen (University of Oxford). 

Economics as a discipline, while claiming to be the objective social-science, has continued to remain dominated by issues and approaches that are mainly Western-centric and various scholars – and consequently their works – have remained heavily under-represented based on their social identities (gender, race, caste, location – to name a few). In this panel, we particularly engage with these two biases that have been historically produced – and are continuously reproduced – in the discipline. This bias is not limited to the discipline, but is also reflective of the broader society that we live in. In this context, we would specifically engage with four aspects of this issue:
(a) What do we mean by the Western-centrism and lack of diversity in the discipline?
(b) Why is there a need to engage with these and move beyond it?
(c) What does diversification entail?
(d) What can we do towards this end?

We invite everyone to join us at the session for an active engagement on these issues. We look forward to an enriching exchange that can collectively take this important initiative forward.

We are also conducting a survey to understand better what conference participants and economists in general think about the state of the profession. You can take the survey here!

Devika Dutt, Surbhi Kesar, Jenny Tue Anh Nguyen, and Richard Itaman from D-Econ will be present at the convening.