New Books in Business, Management, and Marketing

Journalist Katherine Blunt, who writes about renewable energy and utilities for the Wall Street Journal, talks about her new book, California Burning: The Fall of Pacific Gas and Electric—and What It Means for America’s Power Grid with Peoples & Things host, Lee Vinsel. The book tells the fascinating story of how declining performance at an electrical utility eventually led to wildfires and staggering loss of human life. Blunt and Vinsel also talk about what this story means for the future of electricity utilities in the face of global climate change. Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it mean to be a great leader? Have we entered an "Age of Artificial Intelligence"? Why is Joe Lonsdale so optimistic? Joe Lonsdale is an entrepreneur, investor, and philanthropist. He is a co-founder of Palantir, managing partner at 8VC, and host of the "American Optimist" podcast. He joins Madison's Notes to answer these questions and others.    Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging conversation, Guy Pinsent shares his entrepreneurial journey from Cambridge economics student, being a banker in the City, to the Foreign Office and on to real estate and finally, on his own account, as a successful self storage business owner in Central Europe. Guy discusses the founding and growth of Less Mess Storage, which now operates 18 locations across Poland and Czech Republic with backing from Metric Capital Partners since 2015, and with 100,000 sqm of rentable space and 40,000 more in the pipeline. Key Topics Covered: The Self Storage Business Model: Guy explains his freehold property approach, inspired by companies like Big Yellow and the McDonald's model featured in "The Founder" film. Also attractive features of the self storage business: long lifetime value of clients, custom inertia, counter-cyclical demand so the business performs well across the business cycle.Cambridge University Value of a first-class education. The Why question: How Guy never worried about social status, and simply doing what it takes to build a life, do something of value. Entrepreneurial Philosophy: Discussion of motivation and work ethic, referencing Arnold Schwarzenegger's YouTube talks and Gary Vaynerchuk's "I will outwork you" mentality. Economic Principles: Insights on loss aversion from Daniel Kahneman's research and lessons from Cambridge professor Michael Kuczynski. Life as a British Expat: Guy shares his experience living abroad and his documentary project "Should Brits Come Home?" made with Patrick Ney, exploring whether British expats should return to the UK. Documentary Filmmaking: Behind-the-scenes stories from filming at the Notting Hill Carnival, agricultural shows, and conducting street interviews. Political Commentary: Reflections on Britain's direction, post-nationalism, and concerns about current UK leadership. About Guy Pinsent Guy is a British real estate entrepreneur and the Founder & CEO of Less Mess Storage, a leading self‑storage company operating across Central Europe. Born in London and raised in the English countryside, he studied at Eton College and Cambridge University before starting his career in investment banking at Citibank. He later served at the British Embassy in Poland to strengthen UK–Poland business relations, then moved into commercial real estate with Colliers, and in 2014 founded Less Mess Storage, which he has since built into a benchmark player in the Central European self storage sector. Guy’s Linkedin Links Arnold Schwarzenegger - Guy referenced a 4-minute motivational talk on YouTube about entrepreneurship principles YouTube: Arnold Schwarzenegger 6 Rules of Success Gary Vaynerchuk - Richard mentioned him as an American entrepreneur from Belarus known for saying "I will outwork you" as part of his pathway to success example here Daniel Kahneman - Guy referenced his work on loss aversion (people feel $100 loss twice as painfully as the good feeling of a $100 gain) Wikipedia: Loss Aversion Michael Kuczynski - Economics professor at Pembroke College, Cambridge who taught both Richard and Guy; passed away in 2025 at age 84 Pembroke College: Michael Kuczynski (1941–2025) Pedro Pablo Kuczynski - Michael's brother, became President of Peru Wikipedia: Pedro Pablo Kuczynski Less Mess Storage - Guy's self-storage company operating in Poland and Czech Republic with 18 locations lessmess.storage Pembroke College, Cambridge - Where both Richard and Guy studied economics pem.cam.ac.uk Big Yellow - UK self-storage company mentioned as reference for freehold approach bigyellow.co.uk "The Founder" - Film about Ray Kroc and McDonald's history, illustrating property-based business model Wikipedia: The Founder (film) Richard’s TED-ED lesson based on The Founder link "Should Brits Come Home?" - Documentary Guy made with Patrick Ney about whether British expats should return to the UK especially from a Polish perspective. Here Patrick Ney was a guest on this NBN channel here, And gave one of the most popular TEDxKazimierz talks of all time with over 375,000 downloads here Center for Policy Studies - UK centre-right think tank Guy mentioned link Extra Space - Major US self-storage operator link Metric Capital Partners - Private equity investor in Less Mess since 2015 link1 Learn more about your ad choices. Visit megaphone.fm/adchoices

John is joined by the brilliant and affable Paul Kramer of Vanderbilt (The Blood of Government) to discuss Capitalism: A Global History (Penguin, 2025) by Sven Beckert, Laird Bell Professor of History at Harvard University. With Christine A. Desan (Recall This Book adores her) he is the co-director of the Program on the Study of Capitalism at Harvard University. This builds on his marvelous previous work about the global cotton trade. John wants to know about the importance of the state as money-maker and underpinner of markets. Paul asks about the key historical ruptures; the conversation goes back a millennium to traders in Aden and in China. Together Paul and Sven speculate on the role violence plays inside the “free” market that capitalist exchange established and now somewhat remarkably sustains. The singular turning-point of the late 19th century (which Sven decided to present in three interwoven chapters) comes in for sustained attention. Mentioned in the Episode Christine Desan, Making Money: Coin, Currency, and the Coming of Capitalism (2014) Ursula Le Guin “We live in capitalism, its power seems inescapable — but then, so did the divine right of kings.” (National Book Foundation Medal speech 2014) Ferdinand Braudel Afterthoughts on Material Civilization and Capitalism (1979) Eric Williams, Capitalism and Slavery (1944) Listen and Read here. Learn more about your ad choices. Visit megaphone.fm/adchoices

NBN host Richard Lucas being interviewed by Alexander Goldman. Normally on this channel, you hear Richard Lucas interviewing interesting guests. In this one, you'll hear Richard being interviewed on another podcast about community management and leadership, a topic close to his heart. Many thanks to Alexander Goldman for giving permission to share his podcast here on the NBN Find his podcast, Connecting Beyond the Apps and AI and Substack newsletter here. Connecting Beyond Apps & AI is a research-backed, optimistic podcast about social thriving in our age of digital communication. Through interviews with experts we explore the art, science, and best practices of bringing people together to promote lives of purpose and contentment. Links from the original podcast show notes are below. Open Coffee Lisbon Open Coffee Krakow Open Coffee Warsaw Open Coffee Tirana Lisbon Community Connections Group Open Coffee Sydney. Krakow Newcomers Welcome Club Open Coffee Cambridge Lisbon Community Newsletter CAMentrepreneurs Sunday Assembly How to organise a TEDx How to make your event “buzz” - TEDx Training video. Why do pre-events: events before events Derek Sivers on how to start a movement Priya Parker on transformative gatherings. Richard Lucas links TED.com profile About Richard Linkedin Quora profile TEDx Talk on Opportunity Readiness TEDx talk on why you should show up early Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Ries shares how financial 'gravity' pulls great companies away from their founders' purpose, and his solutions in his new book Incorruptible (Authors Equity, 2026) Join us for a uniquely provocative conversation between our host, Richard Lucas, and renowned entrepreneur and "Lean Startup" author Eric Ries on his new book, Incorruptible. Moving beyond the surface-level summary, Richard intentionally focuses on the book's deep ethical and moral core, giving Ries the space to clarify and elaborate on his most challenging ideas.1 This is not your typical book tour stop. Richard dives into what he finds "particularly interesting," exploring why founders must prioritize building an enterprise "worth protecting" from the start—a business whose mission is protected by structural guardrails. Richard highlights memorable quotes from Eric's book, including:1 "Not every form of making money is equally good."1 "The more golden the goose, the stronger the temptation to butcher it."1 Ries explains that without these defenses, a universal, systemic force he calls "financial gravity" will inevitably pull the organization toward short-term profit maximization over "human flourishing". He argues that waiting until a business is successful to put in guardrails is "too late" because success attracts predators. Taking the principled path, though harder, Ries believes, unlocks "almost unbelievable superpowers". The discussion drills down into practical, yet philosophical questions: Can any system resist a corrupt leader? Richard challenges Ries on the possibility of an ethical defense military technology company (like those defending Ukraine), leading Ries to clarify that technology is neutral; the danger lies in who controls it. They also explore the failure of modern management practices, discussing how reliance on metrics like average hold time can create "false proxies" that actively make customer service worse. Finally, Ries advocates for a powerful solution for corporate governance: a universal director's oath, similar to the Hippocratic Oath, to bind corporate leadership to a commitment to the mission.1 Tune in to hear Ries’s candid reflections, including his personal belief that integrity is not merely ethical, but a competitive advantage—the true foundation for economic success, while emphasizing the first step for every founder and entrepreneur: "First, create something worth protecting Links & References Incorruptible: Why Good Companies Go Bad…and How Great Companies Stay Great Book release date is May 26 in the US, May 28 worldwide Amazon listing Website: here Seth Godin on false metrics Frankenstein, Incorporated by I Maurice Wormser Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore resilience from personal, organizational, and national perspectives with expert Robert Hall in this discussion of his book Building Resilient Futures (Austin Macauley, 2023). Discover case studies from COVID-19, the Winter War, and more, highlighting how resilience can be cultivated and applied. Types of resilience: personal, social, urban, national Case studies: COVID-19, Winter War, Ladbroke Grove disaster The importance of community and social bonds in resilience The paradox of preparedness and resource redundancy Lessons from history: Shackleton, Finnish resilience, and more Learn more about your ad choices. Visit megaphone.fm/adchoices

In recent decades, self-proclaimed “independent bookstores” have arisen across China. In the West, such retailers represent an alternative to corporations and chains. In China, by contrast, they differentiate themselves from not only the state-owned Xinhua Bookstore but also other privately owned shops through an emphasis on intellectual independence and the free exchange of ideas. Cultural Mavericks: The Business and Politics of Independent Bookselling in China (Columbia UP, 2026) by Dr. Zheng Liu takes readers inside the world of independent bookselling in China, showing how a wide range of figures navigate the challenges of book retailing in the digital age amid rapidly shifting social, political, and economic dynamics. Drawing on more than a decade of immersive research—including interviews, observations, and extensive documentary analysis—Dr. Liu unveils how these bookstores carve out a unique identity and market position. She develops the concept of “culturally adapted strategy” to explain how independent bookstores—as both dedicated cultural institutions and resilient business enterprises—balance economic imperatives with a deep commitment to intellectual autonomy. Dr. Liu challenges the tendency to understand nonstate cultural institutions in China in terms of resistance, arguing that independent bookstores engage with politics as a strategic means of differentiation from the competition. Richly detailed and compellingly written, Cultural Mavericks sheds new light on the interplay among culture, commerce, and politics in China, offering timely insights into the evolving dynamics of China’s book industry and wider cultural economy. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Societal grand challenges have taken a toll on humanity, which finds itself at a crossroads. The concentration of wealth and economic inequality, the dominance of Big Tech firms, the loss of privacy and free choice, and the overconsumption and abuse of natural resources have been reinforced by globalization. Regulation, legislation, international treaties, and government and corporate policies have fallen short of offering sufficient remedies. The Cooperative Economy: A Solution for Society(Routledge, 2023) offers a bold solution: a new economic system, free from the design flaws that have contributed to these societal grand challenges. The cooperative economy is an ethical community-driven exchange system that relies on collective action to promote societal values while accounting for resource constraints. The book explains how this new system uses design principles to promote the self-sufficiency of communities, sustainability, and entrepreneurship while limiting overconsumption and excessive profit-making. It enhances economic equality by leveraging price subsidization and by restricting salary differences. Please become involved. If interested it what a cooperative economy can offer and what role you can play in it, go to the book’s website here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most employers in the United States routinely conduct criminal background checks on job applicants, weeding out those with criminal convictions—and thus denying opportunities to those who need them most. In The Criminal Record Complex: Risk, Race, and the Struggle for Work in America (Princeton UP, 2025), Melissa Burch sheds light on one of the most significant forces of social and economic marginalization of our time—discrimination on the basis of criminal records. Chronicling the daily interactions of hiring managers, workforce development professionals, and job-seekers with felony convictions in Southern California, Dr. Burch shows that this discrimination is not simply a matter of employer bias. Hiring is shaped by a set of institutions, organizations, and industries that promote the erroneous idea that people with criminal records are dangerous to employ. This “criminal record complex,” as Dr. Burch names it, encourages exclusion and undermines employers’ common-sense ways of assessing candidates. In vivid and intimate detail, Dr. Burch reveals both the futility and devastating human consequences of discriminatory policies.Dr. Burch places today’s routine practice of background screening within racialized notions of risk originating in early capitalist development, tracing how, over decades, criminal background checks became a convenient catch-all, leveraged by entities with a direct interest in growing the practice. Despite this reach, however, Dr. Burch discovers that small business owners tend to put less value on background checks, trusting their own judgment. Approaching the issue from both personal and policy perspectives, The Criminal Record Complex upends what we thought we knew about the causes of criminal record discrimination. It suggests that our best hope for creating safe workplaces lies not in the false promise of background screening, but in building the kinds of economies and communities that support true safety. Our guest is: Dr. Melissa Burch, who is Assistant Professor of Anthropology at the University of Michigan and Director of the Afterlives of Conviction Project. Our host is: Dr. Christina Gessler, who is a writing coach and editor for academics. She is the producer and show host of the Academic Life podcast. Playlist for listeners: Ghost in the Criminal Justice Machine Carceral Apartheid Freemans Challenge Hands Up Don't Shoot The Names of all the Flowers The Journal of Higher Education in Prison Black Boy Out of Time Secrets of the Killing State Welcome to Academic Life, the podcast for your academic journey—and beyond! Please join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 300+ Academic Life episodes? Find them here. And thank you for listening! Learn more about your ad choices. Visit megaphone.fm/adchoices

In Work Won’t Love You Back: How Devotion to Our Jobs Keeps Us Exploited, Exhausted, and Alone (Bold Type Books, 2021), Sarah Jaffe argues that modern culture encourages workers to see their jobs as a “labor of love.” This idea tells people that passion and dedication should motivate them more than pay or working conditions. Jaffe shows that this belief often allows employers to justify low wages, long hours, and poor treatment. Through stories of workers across many fields, such as teachers, domestic workers, nonprofit employees, artists, athletes, and tech workers, the book demonstrates how devotion to work is used to normalize exploitation. Jaffe calls for a reevaluation of the relationship between work, identity, and personal fulfillment, suggesting that workers should organize collectively and demand fair compensation and conditions instead of relying on passion alone. Sarah Jaffe is a journalist and labor reporter who writes about work, inequality, and social movements. Her work has appeared in major publications such as The Nation, The Washington Post, and The Guardian. Jaffe has long reported on labor struggles and worker organizing, including movements like Occupy Wall Street and the Fight for $15 campaign. She is also the author of Necessary Trouble and most recently From the Ashes: Grief and Revolution in A World on Fire. She is co-host of the labor podcast Belabored. Her writing focuses on how economic systems shape everyday life and workers’ experiences. My co-producer on this episode is Kelly Knight, a graduate student in the MA program in Communication at Oakland University. Learn more about your ad choices. Visit megaphone.fm/adchoices

The book places special emphasis on the relationship between corporations, managers, and shareholders. Drawing on Lynn Stout’s influential work on corporate governance, the authors challenge the common belief that corporate law requires managers to maximize shareholder value at all times. In reality, corporate directors and managers are expected to exercise business judgment that balances long-term corporate health, stakeholder relationships, and legal responsibilities. Shareholders play a critical role in corporate governance, but the authors emphasize that corporations are not simply machines for immediate shareholder profit. Instead, corporations are long-lived institutions that rely on cooperation among shareholders, employees, customers, communities, and regulators. Ethical management therefore requires maintaining trust across this broader network. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Twenty-Two Cents an Hour: Disability Rights and the Fight to End Subminimum Wages (Cornell UP, 2022), Doug Crandell uncovers the harsh reality of people with disabilities in the United States who are forced to work in unethical conditions for subminimum wages with little or no opportunity to advocate for themselves, while wealthy CEOs grow even wealthier as a direct result. As recently as 2016, the United States Congress enacted bipartisan legislation which continued to allow workers with disabilities to legally be paid far lower than the federal minimum wage. Drawing on ongoing federal Department of Justice lawsuits, the horrifying story of Henry's Turkey Farm in Iowa, and more, Crandell shows the history of the policies that have led to these unjust outcomes, examines who benefits from this legislation, and asks important questions about the rise of a disability industrial complex. Exposing this complex—which is rooted in profit, lobbying, and playing on the emotions of workers' parents and families, as well as the public—Crandell challenges readers to reexamine how we treat some of our most vulnerable fellow citizens. Twenty-Two Cents an Hour forces the reader to face the reality of this exploitation, and builds the framework needed for reform. Doug Crandell is Public Service Faculty at the Institute on Human Development and Disability at the University of Georgia. For more than thirty years he has worked in disability advocacy, specifically the intersection of employment, economic justice, and much-needed systems change. Doug Crandell is the author of several book and novels, inlcuding most recently "They're Calling You Home." My co-producer for this episode is Shea Tripp, a graduate student in the Department of Communication, Journalism and Public Relations at Oakland University. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you advance your career when AI is rewriting the rules of success? As AI and automation revolutionize the global workforce, professionals everywhere are asking the same urgent question: How can I stay relevant in the age of AI? Artificial Death of a Career: A Tale of Professional Obsolescence and Reinvention (Practical Inspiration Publishing, 2025) blends storytelling and strategy to explore the human side of technological disruption. When Shey Sinope's world collapses under the weight of the AI revolution, his personal fight to adapt becomes a roadmap for every professional determined to stay valuable, visible, and future-ready. Award-winning authors, Drs. Schuster and Oxley, combine their behavioural science expertise with decades of experience as HR leaders and advisors to entrepreneurs and start-ups around the world, all delivered with their trademark wry sense of humour. Inside, you'll discover how to: Stay relevant in the age of AI by mastering adaptability and continuous learning Reinvent your career before technology or automation forces the change Build a leadership mindset for the AI revolution and beyond Recognize early signs of professional obsolescence-and counter them fast Develop resilience and confidence that withstand economic and technological shifts Transform your work identity from outdated to indispensable Career and professional life advice rooted in authenticity, respect, and inclusion-championing a world where being true to yourself is the foundation for realizing your fullest potential. Equal parts insightful and entertaining, this book helps readers future-proof their skills, reimagine success, and thrive through change rather than fear it. The future of work isn't coming-it's here. Learn how to adapt, evolve, and lead in the age of AI. Your career reinvention starts now. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all understand that knowledge shapes the fate of business and the growth of nations, but few of us are aware of the principles that govern its motion. The Infinite Alphabet: And the Laws of Knowledge (Allen Lane, 2026) unravels the laws describing the growth and diffusion of knowledge by taking you from a failed attempt to build a city of knowledge in Ecuador to the growth of China's innovation economy. Through dozens of stories, you will learn why aircraft manufacturers in Italy began manufacturing scooters after the Second World War and how migrants like Samuel Slater shaped the industrial fabric of the United States. Knowledge is the secret to the wealth of nations. But to understand it, we must accept that it is not a single thing, but an ever-growing tapestry of unique ideas, experiences and received wisdom. An Infinite Alphabet that we are only beginning to fathom. César A. Hidalgo, a world-renowned scholar for his work on economic complexity, will walk you through the "three laws" and the many principles that govern how knowledge grows, moves, and decays. By the end of this journey, you will understand why knowledge grows exponentially in the electronics industry and what mechanisms govern its diffusion across geographic borders, social networks, and professional boundaries. Together these principles will teach you how knowledge shapes the world. César A. Hidalgo is a physicist, professor, and author known for pioneering work in economic complexity, data visualization, and applied artificial intelligence. For nine years he led MIT's Collective Learning Group before moving to France to found the Center for Collective Learning (CCL), an international research laboratory with offices at the Toulouse School of Economics and Corvinus University of Budapest. Caleb Zakarin is CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of High Theory, Saronik talks with Erik Baker about the Entrepreneurial Work Ethic. The dominant work ethic of our current moment, it asks us to constantly create new work for ourselves. Eric contrasts the entrepreneurial work ethic with the industrious work ethic, which valued hard work and drudgery in one’s allotted task. Over the course of the 20th century industriousness was replaced by entrepreneurship in the American economic imaginary. The ultimate villain of the entrepreneurial mode is the bureaucrat, the ultimate failing is complacency. This toxic, exhausting ethos in which the standard of all labor is changing the world, paradoxically stabilizes our economic system, by trapping us in unachievable dreams. We should note that High Theory as an academic side hustle is exemplary of the entrepreneurial work ethic, even if we have no ethics. That’s why we made a Patreon. The transcript of this episode lives here as a WordDoc and here as a PDF. Erik’s new book, Make Your Own Job: How the Entrepreneurial Work Ethic Exhausted America (Harvard UP 2025) explains how this entrepreneurial work ethic took hold, from its origins in late nineteenth-century success literature to the gig economy of today, sweeping in strange bedfellows: Marcus Garvey and Henry Ford, Avon ladies and New Age hippies. Business schools and consultants exhorted managers to cultivate the entrepreneurial spirit in their subordinates, while an industry of self-help authors synthesized new ideas from psychology into a vision of work as “self-realization.” Baker argues that the entrepreneurial work ethic has given meaning to work in a world where employment is ever more precarious––and in doing so, has helped legitimize a society of mounting economic insecurity and inequality. Where work is hard to find and older nostrums about diligent effort fall flat, the advice to “make your own job” keeps hope alive. Erik Baker is a lecturer in the History of Science Department and the director of the senior thesis program for the History & Science concentration. He received his PhD from Harvard and his BA from Northwestern University. He has published on the history of social science and American capitalism in Modern Intellectual History, History of the Human Sciences, and Studies in History and Philosophy of Science. He also writes widely for magazines such as n+1, The Baffler, and The Drift, where he is an associate editor. Image for this episode is an unidentified book illustration from the British Library Commons. It shows a group of people kneeling in front of a dollar sign. It was found for High Theory by Lili Epstein on the Public Domain Image Archive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Giant companies, launch rockets into space, control satellite communication and develop era-defining AI technologies. But they are also seen as promoting misinformation, undermining democracy and violating privacy. Big banks, reeling since the financial crisis of 2008, continue to be racked with major scandals. Drawing on examples such as the VW scandal in Germany, Cambridge Analytica and Samsung the authors of Billionaire Backlash: The Age of Corporate Scandal and How it Could Save Democracy (Bloomsbury, 2026) show that these scandals are opportunities for real political change. Learn more about your ad choices. Visit megaphone.fm/adchoices

Geoffrey Jones and Sabine Pitteloud present the latest research on the global history of multinationals and their impact on society and the environment. The Cambridge Companion to the History of Multinationals and Society (Cambridge UP, 2026) brings together leading international scholars, these essays survey key themes in our relationship with multinationals, from taxation and corruption to gender and the climate. Though often associated with large corporations like Apple or Nestlé, the contributors highlight the remarkable diversity in multinational strategies and organizational structures. They challenge the idea of an inescapable rise of multinationals by looking beyond the experience of Western countries and considering the effects of dramatic political shifts. Multinationals have often acted opportunistically, with their resilience carrying social costs through the exploitation of weak regulations, corrupt governments, inequalities, poor human rights, and environmental harm. This is an essential introduction to the historical role of multinationals for scholars and students as well as for policymakers and stakeholders navigating today's economic landscape. Presented by Paula de la Cruz-Fernández. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Richard Lucas on Entrepreneurship and Leadership, Richard speaks with Nick Coutts — a visionary entrepreneur who reshaped Portugal’s fitness landscape and continues to push the boundaries of innovation and excellence. With over 27 years in the industry, from expanding Holmes Place across Europe to founding Fitness Hut — Portugal’s largest low‑cost gym chain — Nick brings a deep understanding of what drives customer loyalty and business success. He believes great fitness businesses are built not just on equipment or branding, but on people. Every Fitness Hut manager has hands‑on experience as a fitness coach, ensuring real insight into what members need and how to deliver it. Nick shares how attention to detail — from gym cleanliness to staff engagement — defines the member experience. In his view, every “hello” from staff counts, and every ignored client is a missed opportunity. He also stresses the power of a well‑executed pre‑sales strategy: generating momentum and revenue before opening the doors is the key to sustainable growth. Looking ahead, Nick reveals plans for a new disruptive gym model in Portugal — affordable, convenient, and committed to a people‑first culture and how he plans to open 30/year & exit @ 100… leaving “meat on the bone” for the buyer to continue growing towards the 300 capacity that’s identified His approach is a reminder that true leadership means investing in talent, empowering teams, and never losing sight of the customer. Links Nick’s Linkedin Holmes Place Fitness Hub exit to Viva Gym Learn more about your ad choices. Visit megaphone.fm/adchoices

Today I’m speaking with economist Bryan Caplan about education and bullshit, with a particular focus on his book, The Case Against Education: Why the Education System Is a Waste of Time and Money (Princeton University Press, 2018). In our modern economy, possessing a college degree feels like a necessity for professional advancement. The age of good jobs for college dropouts is largely gone as more people spend more time in the classroom, writing papers, taking tests, and, of course, goofing off. On the one hand, policymakers celebrate the additional degrees attained by more people. Surely a more educated society means a more intelligent and productive one. It’s no secret that college grads make more money than dropouts, and high school grads make more than those who didn’t complete 12th grade. Why is this the case? Does more education truly endow students with the skills necessary to succeed in the working world, or does education merely serve to certify that an individual has the intelligence and people skills needed to succeed? If the primary value of education is to signal conformity to employers’ expectations, then education as we know it is a waste of time, energy, and money. Degrees range in practicality, but most—like economics—hardly spend time teaching the kinds of skills that translate to the jobs most graduates actually take. As Bryan puts it, “As far as I can tell, the only marketable skill I teach is how to be an economics professor.” The world certainly needs some economics professors, but the sentiment behind the point reflects an undeniable dirty little secret. Professors, by and large, teach students about their favorite subjects, not skills for career success. For years, I’ve trumpeted the line that the purpose of higher education is not to teach skills but rather to teach students how to think. The Case Against Education deflates this argument with statistics and great humor. As the type of student who loved taking Russian literature, political philosophy, and economic history, I’m thrilled to speak with Bryan Caplan about bullshit and education. Bryan Caplan is Professor of Economics at George Mason University. Caleb Zakarin is CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices