New Books in Economic and Business History

Shortly after the ratification of the US Constitution in 1789, twenty-two-year-old Andrew Jackson pledged his allegiance to the king of Spain. Prior to the Louisiana Purchase, imperial control of the North American continent remained an open question. Spain controlled the Mississippi River, closing it to American trade in 1784, and western men on the make like Jackson had to navigate the overlappi...

Peoples & Things host, Lee Vinsel, talks to Benjamin Shestakofsky about his book, Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality (U California Press, 2024). Shestakofsky is Assistant Professor of Sociology at the University of Pennsylvania, where he is affiliated with AI at Wharton and the Center on Digital Culture and Society. His research centers on how digital t...

Today I’m speaking with Jeffrey Pilcher, Professor of Food History at the University of Toronto. We are discussing his new book, Hopped Up: How Travel, Trade, and Taste Made Beer a Global Commodity (Oxford University Press, 2024). While beer, or even alcohol for that matter, is not consumed in many parts of the world, its near universality is still astonishing. Even in the Middle East, where alcoh...

How does the music industry actually work? In Corporate Life in the Digital Music Industry: Remaking the Major Record Label from the Inside Out Toby Bennett, a Senior Lecturer in Media, Culture & Organisation in the School of Media and Communications at the University of Westminster offers a deep ethnography of everyday life in a contemporary record company. The book examines the challenges facing...

Few subjects in European welfare history attract as much attention as the nineteenth-century English and Welsh New Poor Law. Its founding statute was considered the single most important piece of social legislation ever enacted, and at the same time, the coming of its institutions - from penny-pinching Boards of Guardians to the dreaded workhouse - has generally been viewed as a catastrophe for or...

In the decades before the First World War, the owners of the nation’s stately homes revelled in a golden age of glory and glamour. Nothing lay beyond their reach in a world where privilege and hedonism went hand-in-hand with duty and honour. This was a time when the ancestral seats of ancient nobility stood side-by-side with the fabulous palaces of Jewish bankers and Indian princes, when dukes and...

Casting an eye toward the frantic vertical urbanization of Toronto, Condoland: The Planning, Design, and Development of Toronto’s CityPlace (UBC, 2023) traces the forty-year history of the city’s largest residential megaproject. James T. White and John Punter summarize the tools used to shape Toronto’s built environment and critically explore the underlying political economy of planning and real e...

How Government Built America (Cambridge UP, 2024) challenges growing, anti-government rhetoric by highlighting the role government has played in partnering with markets to build the United States. Sidney A. Shapiro and Joseph P. Tomain explore how markets can harm and fail the country, and how the government has addressed these extremes by restoring essential values to benefit all citizens. Withou...

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systema...

Was migration to Germany a blessing or a curse? The main argument of this book is that the Greek state conceived labor migration as a traineeship into Europeanization with its shiny varnish of progress. Jumping on a fully packed train to West Germany meant leaving the past behind. However, the tensed Cold War realities left no space for illusions; specters of the Nazi past and the Greek Civil War...

Love and the Working Class: The Inner Worlds of Nineteenth Century Americans (Oxford University Press, 2024) by Dr. Karen Lystra is a unique look at the emotions of hard-living, nineteenth-century Americans who were often on the cusp of literacy. These laboring folk highly valued letters and, however difficult it was, wrote to stay connected to those they loved. This book displays the personal exp...

Ryan Moran’s Selling the Future: Community, Hope, and Crisis in the Early History of Japanese Life Insurance (Cornell UP, 2023) is a history of the life insurance industry in Japan from its origins in the early 1880s to Japan’s surrender in 1945. Moran shows how both private and public insurers exploited a mix of “certainty, fear, and optimism” to promise a secure utopia on the back of anxiety. Al...

In Slow Wood: Greener Building from Local Forests (Yale UP, 2024), environmental historian Brian Donahue advances a radical proposal for healing the relationship between humans and forests through responsible, sustainable use of local and regional wood in home building.  American homes are typically made of lumber and plywood delivered by a global system of ruthless extraction, or of concrete and...

In recent decades, the disciplines of retail history, business history, design and cultural history have contributed to the study of department stores and other types of shops. However, these studies have only made passing references to window display and its role in retail, society and culture. In The Professionalization of Window Display in Britain, 1919-1939 (Bloomsbury, 2024) Dr. Kerry Meakin...

Dangerous Anarchist Strikers (Brill, 2023) explores the ideas of three largely forgotten radical women who participated in labor union strikes in Argentina and Uruguay, Canada, and the United States: Virginia Bolten (c.1876-1960), one of the most militant anarchists of southern South America; Helen Armstrong (1875-1947), a major leader of the Winnipeg General Strike of 1919, whose involvement in t...

At the beginning of the twentieth century, two British inventors, Arthur Pollen and Harold Isherwood, became fascinated by a major military question: how to aim the big guns of battleships. These warships—of enormous geopolitical import before the advent of intercontinental missiles or drones—had to shoot in poor light and choppy seas at distant moving targets, conditions that impeded accurate gun...

When the last 36 inhabitants of St Kilda, 40 miles west of the Scottish Hebrides, were evacuated in 1930, the archipelago at ‘the edge of the world’ lost its permanent population after five millennia. It has long been accepted that the islanders’ failure to adapt to the modern world was its demise. Andrew Fleming overturns the traditional view. Unafraid of highlighting dark times, he shows how the...

In Health Freaks: America's Diet Champions and the Specter of Chronic Illness (University of North Carolina Press, 2024) Dr. Travis A. Weisse tells a new history of modern diets in America that goes beyond the familiar narrative of the nation's collective failure to lose weight. By exploring how the popularity of diets grew alongside patients' frustrations with the limitations and failures of the...

Welcome to What Just Happened, a Recall This Book experiment. In it you will hear three friends of RTB reacting to the 2024 election and discussing the coming four years. Mark Blyth (whose planned February 2020 appearance was scrubbed by the pandemic) is an international economist from Brown University, whose many books for both scholars and a popular audience include Great Transformations (2002),...

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to rep...

Balkan Cyberia: Cold War Computing, Bulgarian Modernisation, and the Information Age Behind the Iron Curtain (MIT Press, 2023) examines the history of the computer industry in socialist Bulgaria. Combining the histories of technology and political economy with that of the Cold War and the modern Balkans, Balkan Cyberia challenges the notions of backwardness, the importance of small states in large...

What can dresses, bedlinens, waistcoats, pantaloons, shoes, and kerchiefs tell us about the legal status of the least powerful members of American society? In the hands of eminent historian Laura F. Edwards, these textiles tell a revealing story of ordinary people and how they made use of their material goods' economic and legal value in the period between the Revolution and the Civil War. Only th...

In 1708, the governor of South Carolina responded to a request from London to provide a detailed account of the colony's population. Among the groups included in this report was an often-overlooked segment—Native Americans, who comprised roughly a quarter of the colony’s enslaved population. However, not long after, references to enslaved Native people largely disappeared from the historical recor...

How do states build vital institutions for market development? Too often, governments confront technical or political barriers to providing the rule of law, contract enforcement, and loan access. In From Click to Boom: The Political Economy of E-Commerce in China (Princeton, 2024) Lizhi Liu suggests a digital solution: governments strategically outsourcing tasks of institutional development and en...

This is episode three Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. For much of the 20th century, few economists studied inequality. “Watching the study of inequality was like watch...