New Books in Economic and Business History

We were joined by Professor Margaret O’Mara of the University of Washington, who had a front row seat to the Clinton campaign and went on to become an expert in the history of information technology and Silicon Valley. Learn more about your ad choices. Visit megaphone.fm/adchoices

Walmart: Made in China (Stanford University Press, 2026) by Dr. Eileen Otis tells the story of Walmart's expansion in China, making the case that it is the story of a major shift in the structure of global capitalism. Walmart, argues Dr. Otis, is a leading actor in the rise of merchant capitalism, wherein the role of the merchant has changed from operating at the whim of industrialists, to leverag...

How should executives position a company for growth when the geopolitical future is so uncertain? Recent events in Ukraine and the Middle East and tightening restrictions on international trade and investment are reshaping the global business environment. History shows that any such era of change presents both challenges and opportunities. The authors of ⁠Geostrategy by Design: How to Manage Geopo...

Craig Hatkoff has spent four decades at the intersection of innovation, culture-building, and institutional transformation. He pioneered commercial mortgage securitization at Chemical Bank, co-founded the Tribeca Film Festival alongside Robert De Niro and Jane Rosenthal after 9/11, and .in 2010 co-founded the Disruptor Awards with Harvard Professor Clayton Christensen and Irwin Kula. His latest in...

Susan MacKenty Brady is a leadership educator, executive coach, bestselling author, and the founding CEO of the Simmons University Institute for Inclusive Leadership. At Simmons she holds the Deloitte Elen Garbriel Chair for Women and Leadership and has advised executives at over 500 organizations worldwide. She is co-author of All the Difference: Six Leadership Actions to Bridge Perspectives, Str...

Phil Gilbert is best known for leading IBM’s transformation as their General Manager of Design, a project that updated the work of 400,000 IBM employees across 180 countries. The transformation became the subject of a Harvard Business School case study, the documentary film The Loop, and feature articles in the New York Times and Fortune magazine. Phil was inducted into the New York Foundation for...

Transformation is hard. To be successful, it has to be human. That’s what Julie Anixter and Dan Hill mean by Business Change that Works from the Inside Out. The guests they bring forward have one thing in common - a level of mastery and a passion for making a difference. As cohosts of this new program, Julie and Dan bring a wealth of experience and credentials. Julie comes from a lineage of Chicag...

If governments provide financial support for affordable housing, should they provide support for inhabitants directly, or rather for the construction of dwellings? Dr. Max Krahé and Sara Schulte both work for the German economic think tank Dezernat Zukunft, and they aim to answer this question by looking at the past. In this interview we discuss the research design, the conclusions, and also what...

The Vision of the Firm (West Academic Publishing, 2025) provides a complete summary of the leading theories of business ethics today. It aims to clarify values, create ethical awareness, provide a decision-making model, show how to apply the model to cutting edge business dilemmas, and address how to build ethical business cultures. It draws on dilemmas from marketing, management, operations, fi...

Henry Ford did not just mass produce cars. As a member of the Episcopal Church, reader of New Thought texts, believer in the “gospel of reincarnation,” mass marketer of antisemitic material, and employer who institutionalized a social gospel, Henry Ford’s contributions to American models of business were informed by and produced for an America he understood to be broadly Christian. Though Ford’s e...

How did black suits become so ubiquitous? Why has men's business clothing been so plain for the last 250 years? How did a style adopted by the Founding Fathers to differentiate themselves from European contemporaries become the dominant style for men around the globe? Suitable: The Sartorial Revolution and the Fashioning of Modern Men (Oxford University Press, 2026) traces the shift from the color...

China’s remarkable journey from poverty to becoming the world’s second-largest economic power is marked by extraordinary urban growth and consumption capacity of its urban population. Central to this development fervor are multifunctional commercial complexes and shopping malls, now key features of modern urban districts. The concept of shopping malls, originally introduced to China by American ar...

More than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed’s underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair’s eight episodes, Tim...

Australia has a special place in the history of struggle for a Fair Day's Work. In giving a history of Australian worker struggles over the length of the working day, Sean Scalmer historicises things that might otherwise seem universal and stable, including time, leisure and productivity. Decades before any attempt by Australian timekeepers to standardise time, Scalmer shows that some of the earli...

Jeremy Yellen’s The Greater East Asia Co-Prosperity Sphere: When Total Empire Met Total War (Cornell University Press, 2019) is a challenging transnational exploration of the Greater East Asia Co-Prosperity Sphere, Japan’s ambitious, confused, and much maligned attempt to create a new bloc order in East and Southeast Asia during World War II. Yellen’s book is welcome both as the first book-length...

Co-operative enterprises, which are democratically owned and governed by their workers, customers, or suppliers, have long captured the imagination of activists and social scientists alike. In centering economic democracy and a collectivist-democratic logic, and in embodying a "third way" alternative to profit-maximizing corporations and state-owned enterprises, co-operatives offer the promise of...

Lithium Extraction in Chile: Ontological, Ecological and Economic Dimensions (Routledge, 2025) is a new book from Dr Daniela Soto-Hernández, a Social Anthropologist currently working as a postdoctoral researcher at the University of Sussex. In this book, published with Routledge, Dr Soto-Hernández uses ethnographic methods during her intensive fieldwork in Chile, specifically in and around the Ata...

What explains the rise of religious populism in contemporary Turkish politics and society? How does industrialization help to explain change and continuity in social and religious life in Muslim majority countries? In his new book Industrial Islamism: How Authoritarian Movements Mobilize Workers (University of California Press, 2025), Utku Balaban examines Turkey’s rapid post-Cold War industrializ...

Temptations in Ruin: Sovereign Accumulation and the Making of Post-Genocide Turkey (U Pennsylvania Press, 2025) examines the political-economic afterlife of the Armenian genocide in present-day Turkey, focusing on the region of Muş (Moush). Anthropologist Alice von Bieberstein explores how the 1915 genocide and dispossession of Armenians shaped property regimes, citizenship, and economic logics...

Information and communication technologies have fundamentally altered the markets for capital, labor, supplies, and distribution in ways that undermine the basic categories we use to understand the economy. Nationality, industry, firm, size, employee, and other fundamental terms are increasingly detached from the operations of the economy. If we want to understand and tame the new sources of econo...

⁠How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates⁠ (Oxford UP, 2025) explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest...

Former chief steward and union organizer Gordon Simmons joins Michael Stauch to discuss his new book on the history of labor struggles by public sector workers in West Virginia since 1969. With an emphasis on rank-and-file rebellion expressed through wildcat strikes and other job actions, Simmons provides a sweeping account of the past that has rich lessons for the present.   Highlights include: ●...

In a world shaken by crises, why does the dollar continue to dominate? In Dollar Dominance: Why It Rules the Global Economy and How to Challenge It (Policy Press, 2025) Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the a...

Markets of Pain offers a sweeping history of the business of licit opium--following cultivators, merchants, scientists, and policymakers--and shows how this potent crop reshaped global trade, medicine, and geopolitics. For centuries, opium has been a source of both profit and peril, its legacy entangled with addiction, imperialism, and the complex interplay of global trade and national developmen...

In an ever-shifting work landscape, leaders can no longer ignore their most overlooked stakeholders—their employees. In The Employee Advantage: How Putting Workers First Helps Business Thrive (PublicAffairs, 2024), behavioral economist Stephan Meier explains why organizations must value their employees as much as—if not more than—their customers: those that pivot toward an employee-centric model...