New Books in Economic and Business History

In the nineteenth and twentieth centuries, a handful of powerful European states controlled more than a third of the land surface of the planet. These sprawling empires encompassed not only rainforests, deserts, and savannahs but also some of the world’s most magnificent rivers, lakes, marshes, and seas. Liquid Empire: Water and Power in the Colonial World (Princeton University Press, 2024) by Dr....

When U.S. presidents clash with corporate titans, what tips the balance of power? In The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry (Regnery History, 2024), acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation's commander in chief. He unearths the untold stories - both po...

Commercial Banking in Kenya: A History from Colonisation to Digital Age (Routledge, 2024) investigates the impact of commercial banks in Kenya right through from their origins, to their role during the colonial period, the process of adaptation following independence, and up to their responses to new challenges and economic policies in the twenty-first century. The British colonisation of East Afr...

Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. The Capital Market of Manila and the Pacific Trade, 1668-1838 (Palgrave Macmillan, 2024) offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic his...

Over 150 years ago, Marx published the first volume of Capital, a systematic and voluminous account of capitalism, from the economic bedrock all the way up to the social and political consequences. The book itself would stand as one of the most influential and decisive texts of all time, proving to be a wildly fruitful foundation for further research into everything it touched, and also becoming a...

This episode focuses on a cluster of issues of longstanding significance in Southeast Asia and in Southeast Asian Studies – plantation agriculture, global commodity chains or supply chains, exploitation of labour and environmental degradation, and resistance. To discuss these issues, we are joined by Dr. Alyssa Paredes, an environmental and economic anthropologist who is an Assistant Professor in...

Underground Leviathan: Corporate Sovereignty and Mining in the Americas (U Nevada Press, 2024) explores the emergence, dynamics, and lasting impacts of a mining firm, the United States Company. Through its exercise of sovereign power across the borders of North America in the early twentieth century, the transnational US Company shaped the business, environmental, political, and scientific landsca...

When scholars and policymakers consider how technological advances affect the rise and fall of great powers, they draw on theories that center the moment of innovation—the eureka moment that sparks astonishing technological feats. In Technology and the Rise of Great Powers: How Diffusion Shapes Economic Competition (Princeton UP, 2024), Jeffrey Ding offers a different explanation of how technologi...

When the USSR collapsed in 1991, the world was certain that Communism was dead. Today, three decades later, it is clear that it was not. While Russia may no longer be Communist, Communism and sympathy for Communist ideas have proliferated across the globe. In To Overthrow the World: The Rise and Fall and Rise of Communism (Basic Books, 2024), Sean McMeekin investigates the evolution of Communism f...

From the spring of 1942 until the summer of 1944, some 45,000 Jewish men were forced to accompany Hungarian troops to the battle zone of the Soviet Union. Some 80% of the Jewish forced laborers never returned home. They fell prey to battle, starvation, disease, and grinding labor, aggravated immensely by brutality and even outright murder at the hands of the Hungarian soldiers responsible for them...

How a journey through Italy casts light on secrets, stereotypes, and the manipulation of information in eighteenth-century science. In 1749, the celebrated French physicist Jean-Antoine Nollet set out on a journey through Italy to solve an international controversy over the medical uses of electricity. At the end of his nine-month tour, he published a highly influential account of his philosophica...

There was nothing inevitable or natural about the rise of US finance capitalism in the early twentieth century.  In Dollars and Dominion: US Bankers and the Making of a Superpower, Mary Bridges shows how US foreign banking began as a side hustle of Gilded Age tycoons and evolved into a more staid, bureaucratized network for bolstering US influence overseas. The early waves of US bankers built a ne...

From the eighth to thirteenth centuries along China’s rugged southern periphery, trade in tribute articles and an interregional horse market thrived. These ties dramatically affected imperial China’s relations with the emerging kingdoms in its borderlands. Local chiefs before the tenth century had considered the control of such contacts an important aspect of their political authority. Rulers and...

From the Rockies to the Himalayas, the bond between horses and humans has spanned across time and civilizations. In this archaeological journey, William T. Taylor explores how momentous events in the story of humans and horses helped create the world we live in today. Tracing the horse's origins and spread from the western Eurasian steppes to the invention of horse-drawn transportation and the exp...

Annette Kehnel joins Jana Byars to talk about The Green Ages: Medieval Innovations in Sustainability (Brandeis University Press, 2024). A fascinating blend of history and ecological economics that uncovers the medieval precedents for modern concepts of sustainable living. In The Green Ages, historian Annette Kehnel explores sustainability initiatives from the Middle Ages, highlighting communities...

In scholarly and popular discourse, popular sovereignty and self-determination are typically conceived of as the antitheses of imperialism, while histories of the emergence of democracy in Western Europe and its settler offshoots ignore the imperial setting of struggles for suffrage expansion and institutional change altogether.  Democracy and Empire: Labor, Nature, and the Reproduction of Capital...

In the aftermath of the First World War the Western great powers sought to redefine international norms according to their liberal vision. They introduced Western-led multilateral organizations to regulate cross-border flows which became pivotal in the making of an interconnected global order.  In contrast to this well-studied transformation, in Against the Liberal Order: The Soviet Union, Turkey,...

State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kingdom. Ian Williams, a long-standing repo...

How the CIA used American unions to undermine workers at home and subvert democracy abroad. Blue Collar Empire: The Untold Story of U.S. Labor’s Global Anticommunist Crusade (Verso, 2024) tells the shocking story of the AFL-CIO's global anticommunist crusade--and its devastating consequences for workers around the world. Unions have the power not only to secure pay raises and employee benefits but...

In Collectivization and Social Engineering: Soviet Administration and the Jews of Uzbekistan, 1917-1939 (Brill, 2015), Zeev Levin seeks to provide a comprehensive picture of government efforts to socialize the Jewish masses in Uzbekistan, a process in which the central Soviet government took part, together with the local, republican and regional administrations and Soviet Jewish activists. This re...

At Home with the Poor: Consumer Behaviour and Material Culture in England, c.1650-1850 (Manchester UP, 2024) by Dr. Joseph Harley opens the doors to the homes of the forgotten poor and traces the goods they owned before, during and after the industrial revolution (c. 1650-1850). Using a vast and diverse range of sources, it gets to the very heart of what it meant to be 'poor' by examining the home...

Who runs Britain? In Born to Rule: The Making and Remaking of the British Elite (Harvard UP, 2024), Aaron Reeves, and Sam Friedman, both Professors of Sociology at the London School of Economics, tell the story of the UK’s ruling class. The book blends a huge range of qualitative and quantitative data, and uses innovative sociological methods, to offer a historically informed understanding of how...

In The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America (U Chicago Press, 2024), Andrew W. Kahrl uncovers the history of inequitable and predatory tax laws in the United States. He examines the structural traps within America’s tax system that have forced Black Americans to pay more for less despite being taxpayers with fewer resources compared to white taxpayers. Kahrl ex...

In the twenty-first century, infrastructure has undergone a seismic shift from West to East. Once concentrated in Europe and North America, global infrastructure production today is focused squarely on Asia. Infrastructure and the Remaking of Asia (U Hawaii Press, 2022) investigates the deeper implications of that pivot to the East. Written by leading international infrastructure experts, it demon...

During the heyday of Hollywood’s studio system, stars were carefully cultivated and promoted, but at the price of their independence. This familiar narrative of Hollywood stardom receives a long-overdue shakeup in Emily Carman’s new book. Far from passive victims of coercive seven-year contracts, a number of classic Hollywood’s best-known actresses worked on a freelance basis within the restrictiv...