In Conversation: An OUP Podcast

The modern market-based economy generates wealth, but it lags on well-being; it has mastered efficiency, but struggles with equity; it boasts size, but falls short on sustainability. In other words, our economy delivers performance but neglects progress (i.e., well-being, equity, and sustainability). Many rightly call for tighter regulation, higher (“true”) prices, and longer-term incentives. Others appeal to corporate purpose, shared value, and stakeholder-centricity.

Beyond regulation and the practice of business, we must attend as well to education and the theory of business. In particular, we must look at business theory's core assumptions, whose weaknesses are long known. In an applied field such as business, where theory tends to be normative, flawed assumptions could act as a “wedge” cleaving apart performance and progress.

In Core Assumptions in Business Theory: A Wedge Between Performance and Progress (Oxford UP, 2025), Subramanian Rangan brings together eminent social scientists and philosophers to explore core assumptions in each of the major fields of business-including economics, strategy, marketing, operations, decision science, leadership, governance, technology, and finance. This structured field-by-field reflection reveals and expands the bounds of our rationality. Core Assumptions in Business Theory proposes a revised profit function that integrates harm, outlines how economic actors may draw on moral philosophy to enact Pareto-equity (and not just Pareto-efficiency), suggests a two-stage rationality approach that can attend to well-being, and recasts marketing as consumer education and not merely demand promotion.

With an emphasis on education rather than regulation of economic power, this volume argues that moral reasoning and moral roles can fruitfully supplement prudential reasoning and functional responsibilities. Such an evolution will enable our economy to be both modern and moral.

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations.

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The experience of illness is a universal and substantial part of human existence. Like death, illness raises important philosophical issues. But unlike death, illness, and in particular the experience of being ill, has received little philosophical attention. This may be because illness is often understood as a physiological process that falls within the domain of medical science and is thus outside the purview of philosophy. In Phenomenology of Illness (Oxford UP, 2016) Havi Carel argues that the experience of illness has been wrongly neglected by philosophers and proposes to fill the lacuna. Phenomenology of Illness provides a distinctively philosophical account of illness. Using phenomenology, the philosophical method for first-person investigation, Carel explores how illness modifies the ill person's body, values, and world. The aim of Phenomenology of Illness is twofold: to contribute to the understanding of illness through the use of philosophy and to demonstrate the importance of illness for philosophy. Contra the philosophical tendency to resist thinking about illness, Carel proposes that illness is a philosophical tool. Through its pathologising effect, illness distances the ill person from taken for granted routines and habits and reveals aspects of human existence that normally go unnoticed. Phenomenology of Illness develops a phenomenological framework for illness and a systematic understanding of illness as a philosophical tool.
Havi Carel is professor at the University of Bristol where she teaches in both the philosophy department and the Bristol medical School. Broadly, Havi’s research comes under the umbrella term Medical Humanities, and specifically for Havi this includes the philosophy of medicine, the phenomenology of illness, the philosophy of death, epistemic injustice, the philosophy of children’s health, and the philosophy of film.
Dr. Anya Daly is Senior Lecturer in Philosophy and Ethics in the School of Arts and Society, University of Tasmania. Interdisciplinary collaborations are at the core of Anya’s research interests. She investigates the intersections of phenomenology with philosophy of mind, the philosophy of perception, the philosophy of psychiatry, embodied and social cognition, enactivism, ethics, aesthetics and Buddhist Philosophy.

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Memories of Colonisation in Medieval and Modern Castile: Rereading and Refashioning al-Andalus (Oxford University Press, 2024) by Dr. Rebecca de Souza traces the evolving memory of a dominant al-Andalus in medieval Castilian and, later, modern Spanish literature.
It presents a series of close readings of neomedievalist literary works that look back to the socioeconomic apogee of al-Andalus, the tenth-century Umayyad Caliphate of Cordoba, but were written centuries later, from the thirteenth to the nineteenth century. These works rewrite what has become known as the story of the siete infantes de Lara, although it is their Andalusi half-brother, Mudarra, who takes centre stage from the early modern period on. In its earliest form, it is a story of a weak, conflictual county of Castile, dependent socioeconomically and morally upon Andalusi intervention. Memories of Colonisation asks why Mudarra and the infantes continue to reappear in medieval chronicles, from the Estoria de España to lesser-known regional historiography, early modern ballads, comedias, and nineteenth-century Romantic poetry and prose.
By examining how each of these texts remembers tenth-century Iberia’s fluid geographical and interracial boundaries and Castilian disempowerment, it explores how they support or challenge dominant contemporary discourses of collective identity, race, and nation; from the neogothic aspirations of thirteenth-century Castile to the antisemitism of fifteenth-century Toledo, expansion in the Mediterranean, the Islamophobia of the morisco expulsion, and the partisan manipulation of al-Andalus under nineteenth century liberalism. It also examines how each text exposes the task of reconstructing historical memory in the present and thereby challenges the notion of a stable, incontestable past for Castile and Spain.
This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.

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Gentrification is often considered through a visual lens, where development, progress, and neighborhood changes are observed. But what does gentrification sound like?
In Intersectional Listening: Gentrification and Black Sonic Life in Washington, DC, (Oxford UP, 2025), author Allie Martin engages this question in Washington, DC, asking how Black people experience gentrification as a sonic, racialized process. Drawing from music, interviews, soundscape recordings, and more, Martin argues that gentrification ultimately serves to silence some voices and amplify others. Martin employs a combination of methodologies from ethnomusicology, Black Studies, geography, and digital humanities to make audible the ways in which gentrification disrupts and disturbs community. Throughout, she centers Black feminist listening practices, thinking through digital modes of listening and imagining emancipatory soundscapes.
Intersectional Listening benefits from an innovative combination of sources, from interviews and soundwalks to passive acoustic recording and machine learning. Martin shares compelling stories of music and sound in the nation’s capital, and in doing so shifts conversations about how we listen to Black life. By foregrounding how processes of gentrification systematically seek to devalue, mishear, and ultimately silence Black possibility, Intersectional Listening posits how we can challenge ourselves to refute the consistent mishearing of Black people in Washington, DC and beyond.​
Allie Martin is an ethnomusicologist and artist from Prince George’s County, Maryland. She is an assistant professor in the Music Department and the Cluster for Digital Humanities and Social Engagement. Her work is attuned to questions of race, sound and power. Her first book, Intersectional Listening: Gentrification and Black Sonic Life in Washington, DC, explores the relationships between race, sound, and gentrification in the nation's capital. Allie is the director of the Black Sound Lab, a research environment dedicated to amplifying Black life and decriminalizing Black sound through digital practice.

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We tend to talk about globalisation as if it arrived with container ships, multinationals and the internet. Christopher Meissner’s One from the Many: The Global Economy since 1850 (Oxford UP, 2024) argues that it has a far longer and messier history. In my latest New Books Network interview, I put that history, and some of its biggest open questions, to him.
A book for a nervous moment
Tariffs, industrial policy, “economic security” and the relocation of supply chains have revived the argument that globalisation is going into reverse. Meissner, Professor of Economics at UC Davis and a Research Associate at the NBER, takes the long view. Trade, capital and migration surged between 1850 and 1914, collapsed between the wars, and were rebuilt after 1945. His conclusion is that globalisation is hard to kill, but not guaranteed to survive. That depends on political choices and international cooperation.

If you teach economics, history or political science, or simply want to know whether today’s headlines signal the end of globalisation, this book and this conversation are for you.
What we talk about
Why the first globalisation happened, and what a Briton, an Argentine or an American in 1900 would have made of today’s world
Migration: we have liberalised goods and capital far more than people, so how much does that limit globalisation’s power to reduce inequality?
Whether backlash was always built into globalisation, or whether wars and shocks brought it down, and what that means for today’s politics
The Great Depression and the question of leadership: can the world economy function without a power willing to underwrite it?
The paradox of the US dollar, and why capital flows towards the richest economy rather than the poorest
What evidence would convince Chris that “this time really is different”
Writing a first book, and why economics works best inside history rather than bolted on beside it.

Some of these questions came from my own students, where the book is now core reading. They like it because it explains long-run change while making formal theory accesible.
What other reviewers say
Barry Eichengreen, in Foreign Affairs, praised its clarity and concision across nearly two centuries. In Good Reads, Jason Furman called it a reliable, readable history, well grounded in the research literature. Donald Boudreaux, in The Independent Review, judged it an admirable survey of key events and theories, although he took issue with some analytical choices. That makes it a useful starting point for readers who want to form their own view.

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