New Books in Economic and Business History

A tech insider explains how capitalism and software development make for such a dangerous mix. Software was supposed to radically improve society. Outdated mechanical systems would be easily replaced; programs like PowerPoint would make information flow more freely; social media platforms like Facebook would bring people together; and generative AI would solve the world’s greatest ills. Yet in pra...

In 1968, Mao Zedong launched the Cultural Revolution, asserting his control of China 15 years later, Deng Xiaoping launched the reform and opening up period, putting China on the path to becoming an economic powerhouse. But what happens in between these two critical periods of Chinese history? How does China go from Mao's Cultural Revolution to Deng's embrace of reforms? Odd Arne Westad and Chen J...

One of the most distinctive aspects of global capitalism in the last half century or so has been the increased role of the financial sector in the global economy, especially in the advanced industrial economies of the Global North. The profitability and market capitalization of firms in the financial sector have increased immensely, firms that originated in the real economy have diversified into f...

Factory fires, chemical explosions, and aerial pollutants have inexorably shaped South Baltimore into one of the most polluted places in the country. In Futures After Progress: Hope and Doubt in Late Industrial Baltimore (U Chicago Press, 2024), anthropologist Chloe Ahmann explores the rise and fall of industrial lifeways on this edge of the city and the uncertainties that linger in their wake. Wr...

Whether it's pumping oil, mining resources or shipping commodities across oceans, the global economy runs on extraction. Promises of frictionless trade and lucrative speculation are the hallmarks of our era, but the backbone of globalisation is still low-cost labour and rapacious corporate control. Extractive capitalism is what made - and is still making - our unequal world. In Extractive Capitali...

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed...

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books abou...

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books abou...

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books abou...

The institution of slavery permeated the ancient world, such that the realities of slavery and its long shadows pervade the New Testament and other early Christian texts. Yet enslavement remains an under-taught aspect of the context of the New Testament and early Christianity, leaving pastors, laypersons, and neophyte college students alike to fill knowledge gaps about enslaved persons, enslavers,...

From the workings of financial markets to our response to the ecological crisis, economic theory shapes the world. But where do these ideas come from? Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray (Bristol University Press, 2024) tells the fascinating story of David Ricardo, Adam Smith’s only real rival as the ‘founder of economics’. The wealthiest stock trader of his day...

In barely three generations the Spanish diet has changed beyond recognition. The traditional concerns around nutritional health and scarcity have been mostly left behind, but they have given way to new problems linked to excess. In Milk in Spain and the History of Diet Change: The Political Economy of Dairy Consumption since 1950 (Bloomsbury, 2024) Dr. Fernando Collantes shows how the dairy indust...

Plants, Politics and Empire in Ancient Rome (Cambridge University Press, 2022) by Dr. Annalisa Marzano investigates the cultural and political dimension of Roman arboriculture and the associated movement of plants from one corner of the empire to the other. It uses the convergent perspectives offered by textual and archaeological sources to sketch a picture of large-scale arboriculture as a phenom...

Uncle Sam is watching, whether you like it or not. And the surveillance program the United States is building has as its foundation immigrants who have crossed the nation's southern border. In Data Borders: How Silicon Valley is Builidng an Industry Around Immigrants (University of California Press, 2023), UCLA information studies professor Melissa Villa-Nicholas deftly explains how private corpor...

Welcome to the Global Corporations Special Series on the Law Channel on the New Books Network. This Special Series is dedicated to interviews with scholars about recent books engaging with different aspects of global corporations – with a focus on the role of law and legal forms. Our guest today is Professor Philip J. Stern, Professor of History at the History Department at Duke University. Philip...

In Market Encounters: Consumer Cultures in Twentieth-Century Ghana (Ohio UP, 2017), Bianca Murillo explores the shifting social terrains that made the buying and selling of goods in modern Ghana possible. Fusing economic and business history with social and cultural history, she traces the evolution of consumerism in the colonial Gold Coast and independent Ghana from the late nineteenth century th...

CrossFit in the United States has become increasingly popular, around which a fascinating culture has developed which shapes everyday life for the people devoted to it. CrossFit claims to be many things: a business, a brand, a tremendously difficult fitness regimen, a community, a way to gain salvation, and a method to survive the apocalypse. In The Cult of CrossFit: Christianity and the American...

In Economic Thought in Modern China: Market and Consumption, c.1500–1937 (Cambridge University Press, 2020), Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizi...

As the birthplace of maize and a celebrated culinary destination, Mexico stands at the crossroads of gastronomic richness and stark social disparities. In México Between Feast and Famine: Food, Corporate Power, and Inequality (University of Arizona Press, 2025), Dr. Enrique C. Ochoa unveils the historical and contemporary forces behind Mexico’s polarized food systems. México Between Feast and Fami...

Every year, hundreds of billions of dollars' worth of farm machinery, fertilizer, seeds, and pesticides are sold to farmers around the world. Although agricultural inputs are a huge sector of the global economy, the lion's share of that market is controlled by a relatively small number of very large transnational corporations. The high degree of concentration among these agribusiness titans is str...

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Small, Medium, Large: How Government Made the U.S. into a Manufacturing Powerhouse, published by Polity Books in 2024, offers a bold reinterpretation of American industrial history. Challenging the myth of free-market supremacy, the book reveals how strategic state intervention—from wartime production to Cold War R&D—shaped the rise of U.S. manufacturing. It highlights the role of public investmen...

In Against the Crisis: Economy and Ecology in a Burning World (Verso, 2024), Ståle Holgersen develops a conceptualization of 'crisis' that moves beyond simplistic understandings of societal turbulence or even disaster, arguing that crises have come to mean something very specific. Where previous analyses have treated economic and ecological crises as separate phenomena, Holgersen reveals their pro...

John Kay's The Corporation in the 21st Century: Why (Almost) Everything We Are Told about Business Is Wrong (Yale UP, 2025) is an accessible and entertaining reappraisal of what business is for and how it works.  Full of history and written in a compelling narrative style, this book describes a shift in the underlying assumptions of the relationship between capital & labor. Kay describes how and w...

How Economics Explains the World: A Short History of Humanity (Mariner Books, 2024) is a book for anyone interested in understanding the economic forces that have shaped our world. Its blend of historical insight and contemporary relevance makes it a valuable addition to your bookshelf. This small book indeed tells a big story. It is the story of capitalism – of how our market system developed. It...