New Books in Economic and Business History

Jennifer Burns (Hoover Reserch Fellow and Stanford Associate Professor of History) joins the podcast to discuss her career as well as her new biography Milton Friedman: The Last Conservative (Farrar, Straus and Giroux, 2023). We discuss the life of Milton Friedman including his very brief time in Chile, his intellectual development before and after joining the University of Chicago economics facul...

What is the work ethic? Does it justify policies that promote the wealth and power of the One Percent at workers' expense? Or does it advance policies that promote workers' dignity and standing? Hijacked: How Neoliberalism Turned the Work Ethic against Workers and How Workers Can Take It Back (Cambridge UP, 2023) explores how the history of political economy has been a contest between these two id...

Political Scientist Brendan Doherty has a new book that dives into the ways that presidents have raised money for themselves, their parties, and other elected officials over the past six decades. Doherty is an expert on campaign fundraising, especially by presidents, and Fundraiser in Chief: Presidents and the Politics of Campaign Cash (UP of Kansas, 2023) continues the research he has been doing...

Porcelain for the Emperor: Manufacture and Technology in Qing China (University of Washington Press; 2023) looks at the history of court-sponsored porcelain production in Qing China through the work and career of the Manchu polymath Tang Ying (1682-1756). Viewing him as a technocrat — an official who combined technological specialization and managerial expertise — Kai Jun Chen uses Tang to explore...

Immigrant laborers who came to the New South in the late nineteenth and early twentieth centuries found themselves poised uncomfortably between white employers and the Black working class, a liminal and often precarious position. Campaigns to recruit immigrants primarily aimed to suppress Black agency and mobility. If that failed, both planters and industrialists imagined that immigrants might rep...

The 1970s was a golden age for representations of African American life on TV sitcoms: Sanford & Son, Good Times, The Jeffersons. Surprisingly, nearly all the decade’s notable Black sitcoms were made by a single company, Tandem Productions. Founded by two white men, the successful team behind All in the Family, writer Norman Lear and director Bud Yorkin, Tandem gave unprecedented opportunities to...

In Toward a Free Economy: Swantantra and Opposition Politics in Democratic India (Princeton University Press, 2023), Aditya Balasubramanian charts the birth and rise of a political ideology rooted in the tenets of ‘free market’ economics, and the loosely associated ideas of neoliberalism, conservatism, and libertarianism. Balasubramanian offers an altogether fresh origin story for this movement th...

No two nations have exchanged natural resources, produced transborder environmental agreements, or cooperatively altered ecosystems on the same scale as Canada and the United States. Environmental and energy diplomacy have profoundly shaped both countries’ economies, politics, and landscapes for over 150 years. Natural Allies: Environment, Energy, and the History of US-Canada Relations (McGill-Que...

Xaq Frohlich’s From Label to Table: Regulating Food in America in the Information Age (U California Press, 2023) is a biography of the Nutrition Facts label that adorns millions of food products and has become an integral part of the food and information landscape in the United States. Frohlich’s story unfolds in part as an institutional history of the U.S. Food and Drug Administration (FDA), the...

Governing Death, Making Persons: The New Chinese Way of Death (Cornell UP, 2023) tells the story of how economic reforms and changes in the management of death in China have affected the governance of persons.  The Chinese Communist Party has sought to channel the funeral industry and death rituals into vehicles for reshaping people into "modern" citizens and subjects. Since the Reform and Opening...

Sand, salt, iron, copper, oil, and lithium. These fundamental materials have created empires, razed civilizations, and fed our ingenuity and greed for thousands of years. Without them, our modern world would not exist, and the battle to control them will determine our future. The fiber-optic cables that weave the World Wide Web, the copper veins of our electric grids, the silicon chips and lithium...

Silk—a luxury fabric, a valuable trade good, and a scientific marvel. This material, created by the bombyx mori silkworm, has captivated artisans for centuries—and it captivated science presenter and writer Aarathi Prasad, who was studying the scientific potential of silk for new treatments. That started Aarathi on a journey to explore the world of silk—not just the traditional silk we use today,...

Taiwan has been depicted as an island facing the incessant threat of forcible unification with the People’s Republic of China. Why, then, has Taiwan spent more than three decades pouring capital and talent into China? In Rival Partners: How Taiwanese Entrepreneurs and Guangdong Officials Forged the China Development Model (Harvard UP, 2022), Wu Jieh-min follows the development of Taiwanese enterpr...

Firms and entrepreneurs were key drivers of the globalisation of the late nineteenth and early twentieth centuries. This thesis investigates commodity networks, foreign banking and business networks, as three manifestations of the first global economy, in Egypt. The country was integrated into the world economy by exporting cotton, importing foreign capital, and hosting a large foreign community....

What do the histories of currency and monetary policy tell us about societies at large, political structures, and cultures? Ekaterina Pravilova and Rebecca Spang tackle these questions, respectively, in two important books that examine the history of the Russian ruble from the time of Catherine the Great through the Soviet period, and the history of money during the time of time of the French Revo...

In this episode, I talk to Vicki Howard and Sarah Elvins, both contributors to Volume 6 of the anthology A Cultural History of Shopping. Jon Stobart is the series editor, and Vicki Howard is the editor of Volume 6: A Cultural History of Shopping in the Modern Age. The chapters of this volume include: Practices and Processes, by Sarah Elvins, Spaces and Places, by Alison Hulme, Shoppers and Identit...

Barcodes are about as ordinary as an object can be. Billions of them are scanned each day and they impact everything from how we shop to how we travel to how the global economy is managed. But few people likely give them more than a second thought. In a way, the barcode's ordinariness is the ultimate symbol of its success. However, behind the mundanity of the barcode lies an important history. Bar...

The Imperial Commonwealth: Australia and the Project of Empire, 1867-1914 (Manchester University Press, 2023) by Dr. Wm. Matthew Kennedy tells the story of how from the late 1800s to the early 1900s, Australian settler colonists mobilised their unique settler experiences to develop their own vision of what 'empire' was and could be. Reinterpreting their histories and attempting to divine their fut...

In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Fau...

Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures...

Adam Smith wrote that, “Political economy belongs to no nation; it is of no country: it is the science of the rules for the production, the accumulation, the distribution, and the consumption of wealth.” However Adam Smith regarded the science of political economy, in practical terms, one is quite hard pressed to find a case where governments—be it an empire, republic, or nation—were completely le...

In 1644, after close to three centuries of relative stability and prosperity, the Ming dynasty collapsed. Many historians attribute its demise to the Manchu invasion of China, but the truth is far more profound. The Price of Collapse: The Little Ice Age and the Fall of Ming China (Princeton UP, 2023) provides an entirely new approach to the economic and social history of China, exploring how globa...

For a century, magazines were the authors of culture and taste, of intelligence and policy - until they were overthrown by the voices of the public themselves online. Magazine (Bloomsbury, 2023) by Jeff Jarvis, part of the Object Lessons series is a tribute to all that magazines were. From their origins in London and on Ben Franklin's press; through their boom - enabled by new technologies - as cr...

In this interview James Fenelon discusses his new book entitled Indian, Black and Irish: Indigenous Nations, African Peoples, European Invasions, 1492-1790, recently published with Routledge (2023). The book traces 500 years of European-American colonization and racialized dominance, expanding our common assumptions about the ways racialization was used to build capitalism and the modern world-sys...

Through the colorful world of Berlin’s grand hotels, this book charts a new history of German liberalism and explores the changing relationships among big business, society, and politics.  Behind imposing facades, managers and workers were often the picture of orderly and harmonious service, despite living in sometimes uncomfortable proximity. Then, during World War I, class tensions rose to the s...