New Books in Economic and Business History

Can art change the contemporary world? In Feminism, Art, Capitalism Angela Dimitrakaki, a Professor of Contemporary Art History and Theory at the university of Edinburgh, offers a Marxist Feminist perspective on a variety of issues in both society and the cultural sector. Engaging with a huge range of examples, as well as theorising key issues such as work and labour, the long modern, communing p...

Epochal Crisis: The Exhaustion of Global Capitalism (Cambridge UP, 2025) is the most recent book from Professor William Robinson, Distinguished Professor of Sociology at the University of California, Santa Barbara. This title is the latest in excellent and ground-breaking titles from Professor Robinson in a distinguished career, where he began writing books on United States intervention into Nica...

The U.S. dollar is the world’s most important currency. Trade is priced in dollars, the world’s central banks keep U.S. dollars in reserve, some places–including my home of Hong Kong, peg their currencies to the dollar. But what explains the U.S. dollar’s success? And why have some challengers, like the Japanese yen or the Chinese yuan, failed to gain traction? Paul Blustein, author of King Dollar...

For more than two centuries, economists and researchers have struggled with the conundrum of reconciling Adam Smith’s views on economics and ethics. While some held that Smith’s capitalism and free markets institutionalized selfishness, greed, inequality and injustice, others focused on his theory of the moral nature of all human persons and the application of conscience and self-restraint in capi...

As detailed in Selling Opportunity: The Story of Mary Kay (Penguin, 2026) by Mary Lisa Gavenas, as the only woman in Forbes’ Greatest Business Stories of All Time and the first woman to chair a company on the New York Stock Exchange, Mary Kay Ash has a life story that reads like a Barbara Taylor Bradford novel. Growing up in Depression-era Texas, Mary Kathlyn Wagner is a dutiful daughter and dilig...

How did an economic system that was the result of largely uncoordinated and unplanned individual decisions come to dominate our modern world? This is the core question that my guest, Berkeley economic historian Trevor Jackson, tries to answer in his new book, The Insatiable Machine: How Capitalism Conquered the World (Norton, 2026). Jackson begins with the origins of the global monetary system in...

In the thirteenth-century Mediterranean, commerce transformed as merchants shifted from Roman to Indo-Arabic numerals—an alternative that better facilitated complex calculations. It has long been known that this transition stemmed from Europe’s increasing exchanges with India, Persia, and the Arabic world. Yet much remains to be understood about how Indo-Arabic numerals—and the practical arithmeti...

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Despite it's centrality to a hippie counterculture which claimed an environmentalist ethos, California's "green rush" of cannabis growing from the mid-twentieth century onwards has been anything but. In Settler Cannabis: From Gold Rush to Green Rush in Indigenous Northern California, Cal Poly Humboldt Native American Studies professor Kaitlin Reed (Yurok/Hupa/Oneida) argues that the state's boomin...

It’s a safe bet that most of the secretaries on the TV series Mad Men would have attended the Katharine Gibbs School in New York City. The iconic institution was in its heyday in the 1950 and '60s synonymous with supplying secretaries—always properly attired in heels, ladylike hats, and white gloves—to male executives. In Expect Great Things! Vanda Krefft turns the notion of a “Gibbs girl” on its...

From Revlon to Glossier, from Marilyn to Gaga, lipstick is as shape-shifting and unwieldy as femininity itself. Who wears lipstick today – as a matter of routine? And for those who do, is it out of obligation to a strict feminine standard, or some other reason entirely? Lipstick reconsiders the beauty world's most conspicuous – and contentious – tool of artifice. Tossing expired ideas about femini...

Boom to Bust is a timely investigation into the rise of Peak TV and the perfect storm that caused a rapid decline in Hollywood work. When Hollywood writers and actors went on strike in 2023, they drew attention to the rapidly changing nature of film and television production. In Boom to Bust, media industry experts Miranda Banks and Kate Fortmueller combine economic and cultural analysis and inter...

Scholars have long viewed intelligence as the preserve of nation states. Where the term ‘private sector intelligence’ is used, the focus has been overwhelmingly on government contractors. As such, a crucial aspect of intelligence power has been overlooked: the use of intelligence by corporations to navigate and influence the world. Where there has been academic scrutiny of the field, it is seen as...

In 1971, the French government announced a massive extension of its military base on the Larzac plateau in southern France. Land was to be expropriated from 107 farms around the small town of La Cavalerie. Limited resistance was expected, but what happened next exceeded all expectations. Local sheep farmers set up protest camps and occupied the land. They soon attracted an astonishing level of sup...

Automata examines how AI and advanced robotics are rapidly surpassing human abilities in fields once thought uniquely ours – from playing chess to discovering new antibiotics to fraud detection. The question is no longer if machines will replace workers, but how we can stay relevant in a world shaped by intelligent automation. This book explores the profound transformation ahead, drawing on real-w...

The volume addresses issues of security and risk in economic and business history. A focus lies on the study of security in order to highlight the central role of preventive measures, corresponding corporate strategies, (public) demands for measures to promote security, and the conscious avoidance of actions considered risky. It is less on questions of risk avoidance and more on the analysis of de...

Decolonization has long been debated across the social sciences, but the economics discipline has so far avoided such critical engagement. Decolonizing Economics: An Introduction (Polity, 2024) provides a much-needed intervention. Dutt, Alves, Kesar, and Kvangraven uncover the deeply Eurocentric foundations that shape how economists study the world today. These have rendered the discipline ill-eq...

Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar's prospects in deep historical perspective by chronicling the entire history of cross-...

The South American coca plant was established in 19th-century Britain as a medical product before it became a globally restricted drug. Drawing on botanical, economic, pharmaceutical, social, and political perspectives, in Coca and the Victorians: From Botanical Curiosity to Regulated Drug, 1835–1912 (Transcript Publishing, 2025), Dr. Kim Embrey analyses how the use and perception of coca changed...

We chat with historian David Kirsch, Associate Professor of Management and Entrepreneurship at University of Maryland's Robert H. Smith School, about how to understand the Dot Com bubble and bust of the late 1990s and early 2000s. David both lived through the Dot Com moment as a California resident and is a scholar of technology bubbles, including through his coauthored book, Bubbles and Crashes:...

How might a twenty-first-century revolution against class society succeed? Communism comes from the future, but its hopes haunt our past. Reading revolutionary history from the Paris Commune to the George Floyd Uprising by the light of communist theory, from Marx to C. L. R. James, The Future of Revolution: Communist Prospects from the Paris Commune to the George Floyd Uprising (Verso Books, 20...

Despite the importance of innovation for the growth of firms, industries, and the national economy, the strategic tools available to effectively manage and create new technologies are often neglected by entrepreneurs and corporate managers. The Management of Innovation: Managing and Creating Technology Capital (Rotman-UTP Publishing, 2024) examines how firms can leverage and create technology capi...

Most people hate and fear uncertainty. It causes such stress and anxiety that we often choose certain surrender over doubt, becoming passive, dependent, addicted―and more anxious than ever. Doubling down on the certainties promised by technology and micro-management only makes things worse, leaving no opportunity for innovation, adaptation or invention. Artists live with uncertainty constantly―but...

Our guest today is Cedric de Leon, author of Freedom Train: Black Politics and the Story of Interracial Labor Solidarity (U California Press, 2025). In this book, de Leon explores the complex and often overlooked history of Black political organizing within the U.S. labor movement. Rather than presenting a simple story of unity, he highlights the tensions, debates, and internal conflicts within...

In three short years, the Milwaukee Bucks went from merely an idea to NBA champions. What started as a quest by Marvin Fishman and eventually Wesley Pavalon to get Milwaukee back in the big leagues became something bigger than they could have imagined. They attracted a hard-working coach in Larry Costello, a pioneer in Wayne Embry and some of the biggest talents in the game of basketball with Kare...