New Books in Economic and Business History

The Power to Persuade: Strategic Arguing at the World Trade Organization (University of Toronto Press, 2024) by Dr. Angela Geck provides an innovative and eye-opening analysis of strategic arguing as a means of power in global politics. Based on an empirical case study of arguing processes in the World Trade Organization (WTO), the book shows how discursive contexts, institutional norms and proced...

The dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals—from national leaders to those at the I...

From Schmelt Camp to "Little Auschwitz" Blechhammer's Role in the Holocaust (Purdue UP, 2024) is the first in-depth study of the second largest Auschwitz subcamp, Blechhammer (Blachownia Śląska), and its lesser known yet significant prehistory as a so-called Schmelt camp, a forced labor camp for Jews operating outside the concentration camp system. Drawing on previously untapped archival documents...

Well into the early nineteenth century, Luanda, the administrative capital of Portuguese Angola, was one of the most influential ports for the transatlantic slave trade. Between 1801 and 1850, it served as the point of embarkation for more than 535,000 enslaved Africans. In the history of this diverse, wealthy city, the gendered dynamics of the merchant community have frequently been overlooked. V...

What is money? Why are trillions of dollars, euros, pounds, and yen being printed, but not spent, and what does this reveal about the state of our society? Money, as we know it, was born in 1971 when currencies unlinked from gold. During its adolescence, money was hyperactive, causing rampant inflation. Three decades of mature growth followed. But as it reaches the age of fifty, money is changing...

After India gained independence in 1947, Britain reinvented its role in the global economy through nongovernmental aid organisations. Utilising existing imperial networks and colonial bureaucracy, the nonprofit sector sought an ethical capitalism, one that would equalise relationships between British consumers and Third World producers as the age of empire was ending. The Solidarity Economy: Nonpr...

In the 1970s, the Mexican government acted to alleviate rural unemployment by supporting the migration of able-bodied men. Millions crossed into the United States to find work that would help them survive as well as sustain their families in Mexico. They took low-level positions that few Americans wanted and sent money back to communities that depended on their support. But as U.S. authorities pur...

Peoples & Things host, Lee Vinsel, talks to Benjamin Waterhouse, full-as-full-can- be Professor of History at University of North Carolina at Chapel Hill, about his book, One Day I’ll Work for Myself: The Dream and Delusion that Conquered America (Norton, 2024). The book examines how the ideal of self-employment became so prominent in the United States after the 1970s, and how the idea has had dam...

In his new book The Stalinist Era(Cambridge University Press, 2018), David L. Hoffmann focuses on the myriad ways in which Stalinist practices had their origins in World War I (1914-1918) and Russian Civil War era (1918-1920). These periods saw mass mobilizations of the population take place not just in Russia and the early Bolshevik state, but in many other nations, too. In order to place Stalini...

For the first half of the twentieth century, no American industry boasted a more motley and prolific trade press than the movie business—a cutthroat landscape that set the stage for battle by ink. In 1930, Martin Quigley, publisher of Exhibitors Herald, conspired with Hollywood studios to eliminate all competing trade papers, yet this attempt and each one thereafter collapsed. Exploring the commun...

Inequality and Political Cleavage in Africa: Regionalism by Design (Cambridge University Press, 2024) by Dr. Catherine Boone integrates African countries into broader comparative theories of how spatial inequality shapes political competition over the construction of markets, states, and nations. Existing literature on African countries has found economic cleavages, institutions, and policy choice...

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast seri...

What Work Means: Beyond the Puritan Work Ethic (ILR Press, 2024) goes beyond the stereotypes and captures the diverse ways Americans view work as a part of a good life.  Dispelling the notion of Americans as mere workaholics, Claudia Strauss presents a more nuanced perspective. While some live to work, others prefer a diligent 9-to-5 work ethic that is conscientious but preserves time for other in...

How Documentaries Went Mainstream: A History, 1960-2022 (Oxford University Press, 2023) provides a more comprehensive and meaningful periodization of the commercialization of documentary film. Although the commercial ascension of documentary films might seem meteoric, it is the culmination of decades-long efforts that have developed and fortified the audience for documentary features. Author Nora...

Is a green future possible? In Petrochemical Planet: Multiscalar Battles of Industrial Transformation (Duke UP, 2023), Alice Mah, a Professor in Urban and Environmental Studies at the University of Glasgow examines the practices of the petrochemical industry, along with the communities living with, and resisting, its impact. Offering ethnographic and theoretical reflections on this often overlooke...

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast seri...

Baseball’s introduction to the Philippines. The slot machine trade between Manila and Shanghai. A musical based extremely loosely on the life of the sultan of Sulu. These are just a few of the historical topics from Lio Mangubat’s Silk, Silver, Spices, Slaves: Lost Tales from the Philippine Colonial Period (Faction Press: 2024), a collection of 13 essays on stories from Filipino history as a Spani...

After two government bailouts of the American economy in less than twenty years, free market thought is due for serious reappraisal. Free Market: The History of an Idea (Basic Books, 2022) shows how the idea became so powerful, why it succeeded, and why it has failed so spectacularly. In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the face of the collapse of the Soviet Union, it was...

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast seri...

In Automotive Empire: How Cars and Roads Fueled European Colonialism in Africa (Cornell University Press, 2024), Dr. Andrew Denning uncovers how roads and vehicles began to transform colonial societies across Africa but rarely in the manner Europeans expected. Like seafaring ships and railroads, automobiles and roads were more than a mode of transport—they organised colonial spaces and structured...

More than any other global institution, the US Federal Reserve’s decisions and communications drive capital markets and alter financial conditions everywhere from Seattle to Seoul. While its interest rate are set by an expert committee, for almost a century, the Fed’s core philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In this podcast seri...

Historically, the insurance industry in America has been fragmented. As a result, there have been debates and conflicts over the proper roles of federal and state governments, business, and the responsibilities of individuals. Who should cover the risks of loss? And to what extent should risk be shared and by whom? In Uncovered: The Story of Insurance in America (Oxford UP, 2023), Katherine Hempst...

Beginning in late 1940, over three thousand Jewish girls and young women were forced from their family homes in Sosnowiec, Poland, and its surrounding towns to worksites in Germany. Believing that they were helping their families to survive, these young people were thrust into a world where they labored at textile work for twelve hours a day, lived in barracks with little food, and received only p...

Swati Chattopadhyay's book Small Spaces: Recasting the Architecture of Empire (Bloomsbury, 2023) recasts the history of the British empire by focusing on the small spaces that made the empire possible. It takes as its subject a series of small architectural spaces, objects, and landscapes and uses them to narrate the untold stories of the marginalized people-the servants, women, children, subalter...

Paradoxes of Migration in Tajikistan: Locating the Good Life (UCL Press, 2024) by Dr. Elena Borisova is the first ethnographic monograph on migration in Tajikistan, one of the most remittance-dependent countries in the world. Moving beyond economistic push-pull narratives about post-Soviet migration, it foregrounds the experiences of those who ‘stay put’ in the sending society and struggle to repr...