Paul Milgrom wins The Nobel Prize for Economics for his work on Auctions

Columbia University Press author Paul Milgrom has been awarded the Nobel Prize for Economics, with Robert Wilson, for his work on auctions.”This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.”
In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.


Beethoven, A Life. Celebrate the 250th anniversary of Beethoven’s birth

The authoritative Beethoven biography, endorsed by and produced in close collaboration with the Beethoven-Haus Bonn, is timed for the 250th anniversary of Beethoven’s birth.

With unprecedented access to the archives at the Beethoven House in Bonn, renowned Beethoven conductor and scholar Jan Caeyers expertly weaves together a deeply human and complex image of Beethoven—his troubled youth, his unpredictable mood swings, his desires, relationships, and conflicts with family and friends, the mysteries surrounding his affair with the “immortal beloved,” and the dramatic tale of his deafness. Caeyers also offers new insights into Beethoven’s music and its gradual transformation from the work of a skilled craftsman into that of a consummate artist.

Roger Penrose wins the Nobel Prize for Physics

Princeton University Press author Roger Penrose, has been awarded the Nobel Prize in Physics for his work on black holes. One half of the Prize was awarded to Penrose, with the other half shared by Reinhard Genzel and Andrea Ghez. According to the Royal Swedish Academy of Sciences, Penrose was awarded the Prize, “for the discovery that black hole formation is a robust prediction of the general theory of relativity.”

The Academy announcement notes, “Roger Penrose used ingenious mathematical methods in his proof that black holes are a direct consequence of Albert Einstein’s general theory of relativity…ten years after Einstein’s death, Roger Penrose proved that black holes really can form and described them in detail; at their heart, black holes hide a singularity in which all the known laws of nature cease. His groundbreaking article is still regarded as the most important contribution to the general theory of relativity since Einstein.”

Penrose is one of the world’s foremost theoretical physicists and the winner of the Albert Einstein Medal for his fundamental contributions to general relativity and cosmology. He is the bestselling author, with Stephen Hawking, of The Nature of Space and Time (Princeton). With PUP, he is also the author of Fashion, Faith, and Fantasy in the New Physics of the Universe. He has contributed forewords to: The Best Writing on Mathematics 2013, edited by Mircea Pitici; Einstein’s Miraculous Year: Five Papers That Changed the Face of Physics, by Albert Einstein and edited by John Stachel; and Fearful Symmetry: The Search for Beauty in Modern Physics, edited by A. Zee. Penrose’s other books include Cycles of Time: An Extraordinary New View of the Universe and The Road to Relativity: A Complete Guide to the Laws of the Universe (both Vintage). He is the Rouse Ball Professor of Mathematics Emeritus at the University of Oxford and lives in Oxford, England.


Critique and Praxis by Bernard Harcourt, Can Critical Theory Change the World?

“Can critical theory change the world?” In this video, Bernard E. Harcourt offers a vision of critical theory in the twenty-first century by asking not “What is to be done?” but rather “What more can I do? What work is my praxis doing?” Harcourt is the author of Critique and Praxis , in which he challenges us to move beyond decades of philosophical detours and harness critical thought to the need for action.

Deaths of Despair Shortlisted for FT/McKinsey 2020 Business Book of the Year

Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today’s America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America. This book charts a way forward, providing solutions that can rein in capitalism’s excesses and make it work for everyone.
The FT describes the book as “[an] analysis of the future of capitalism, with acute relevance for the fate of President Donald Trump in this year’s elections”.


The World According to Physics by Jim Al Khalili shortlisted for 2020 Royal Society Insight Investment Science Book Prize

Jim Al-Khalili’s book The World According to Physics, has been shortlisted for the Royal Society Insight Investment Science Book Prize. Since 1988, the Royal Society has celebrated outstanding popular science writing and authors. Over the decades, the Prize has celebrated some notable winners including Bill Bryson and Stephen Hawking, and most recently Caroline Criado Perez for bringing together compelling data showing gender biases in our world.  To find out more about Jim’s book, follow the link below.


Watch the Trailer for Sean B. Carroll’s new book.

Why is the world the way it is? How did we get here? Does everything happen for a reason or are some things left to chance? Philosophers and theologians have pondered these questions for millennia, but startling scientific discoveries over the past half century are revealing that we live in a world driven by chance. A Series of Fortunate Events tells the story of the awesome power of chance and how it is the surprising source of all the beauty and diversity in the living world. Visit the PUP page to see the trailer for Sean B. Carroll’s rollicking, awe-inspiring story of the surprising power of chance in our lives and the world.

The Bloody Flag: Mutiny in the Age of Atlantic Revolution

Mutiny tore like wildfire through the wooden warships of the age of revolution. While commoners across Europe laid siege to the nobility and enslaved workers put the torch to plantation islands, out on the oceans, naval seamen by the tens of thousands turned their guns on the quarterdeck and overthrew the absolute rule of captains. By the early 1800s, anywhere between one-third and one-half of all naval seamen serving in the North Atlantic had participated in at least one mutiny, many of them in several, and some even on ships in different navies. In The Bloody Flag, historian Niklas Frykman explores in vivid prose how a decade of violent conflict onboard gave birth to a distinct form of radical politics that brought together the egalitarian culture of North Atlantic maritime communities with the revolutionary era’s constitutional republicanism. The attempt to build a radical maritime republic failed, but the red flag that flew from the masts of mutinous ships survived to become the most enduring global symbol of class struggle, economic justice, and republican liberty to this day.

The Decisive Network – How the Popular Fascination with Photography Helped Launch the Mythic Magnum Photo Agency

Since its founding in 1947, the legendary Magnum Photos agency has been telling its own story about photographers who were witnesses to history and artists on the hunt for decisive moments. Based on unprecedented archival research, The Decisive Network unravels Magnum’s mythologies to offer a new history of what it meant to shoot, edit, and sell news images after World War II. Read more about the book on the UC Press Blog.