New Books in Economic and Business History

Economist, historian, and author Marc Levinson talks about his book, Outside the Box: How Globalization Changed from Moving Stuff to Spreading Ideas (Princeton UP, 2020), with Peoples & Things host, Lee Vinsel. Outside the Box traces the history of globalization from the early 19th century to the present and shows how its nature has shifted over time. Levinson argues that the most recent form of g...

For most of history, humans did without refined sugar. After all, it serves no necessary purpose in our diets, and extracting it from plants takes hard work and ingenuity. Granulated sugar was first produced in India around the sixth century BC, yet for almost 2,500 years afterward sugar remained marginal in the diets of most people. Then, suddenly, it was everywhere. How did sugar find its way in...

Smartphones, skyscrapers, spacecraft. Modern technology seems mind-bogglingly complex. But beneath the surface, it can be beautifully simple. In Nuts & Bolts: Seven Small Inventions that Changed the World (in a Big Way) (W. W. Norton, 2023), award-winning Shard engineer and broadcaster Roma Agrawal deconstructs our most complex feats of engineering into seven fundamental inventions: the nail, spri...

A rich and indulgent history, English Food: A Social History of England Told Through the Food on Its Tables (William Collins, 2022) by Dr. Diane Purkiss will change the way you view your food and understand your past. Dr. Purkiss uses the story of food as a revelatory device to chart changing views on class, gender, and tradition through the ages. Sprinkled throughout with glorious details of hist...

Today I talked to Don J. Wyatt about his book Slavery in East Asia (Cambridge UP, 2022). In premodern China, Korea, Japan, and Vietnam, just as in the far less culturally cohesive countries composing the West of the Middle Ages, enslavement was an assumed condition of servitude warranting little examination, as the power and profits it afforded to the slaver made it a convention pursued unreflecti...

When Robert Clive, the man who established Company rule in India was hauled in front of Parliament to answer for crimes of corruption, he allegedly responded by saying, essentially, he could have been worse. Am I not rather deserving of praise for the moderation which marked my proceedings? Consider the situation in which the victory at Plassey had placed me. A great prince was dependent on my ple...

Bobby J. Smith II's book Food Power Politics: The Food Story of the Mississippi Civil Rights Movement (UNC Press, 2023 )unearths a food story buried deep within the soil of American civil rights history. Drawing on archival research, interviews, and oral histories, Smith re-examines the Mississippi civil rights movement as a period when activists expanded the meaning of civil rights to address foo...

Benjamin Y. Fong is author of the new book Quick Fixes: Drugs in America from Prohibition to the 21st Century Binge, which was just released in July, 2023 by Verso Books. Ben is an honors faculty fellow and associate director of the Center for Work & Democracy at Arizona State University, and his work has appeared in Jacobin, Catalyst, and the New York Times. Previously, Ben’s work focused on the...

Long ago, in 1985, personal computers came in two general categories: the friendly, childish game machine used for fun (exemplified by Atari and Commodore products); and the boring, beige adult box used for business (exemplified by products from IBM). The game machines became fascinating technical and artistic platforms that were of limited real-world utility. The IBM products were all utility, wi...

In her book, Networks of Faith and Profit: Monks, Merchants, and Exchanges Between China and Japan, 839-1403 CE (Cambridge UP, 2023), associate professor of history at City University of Hong Kong Yiwen Li studies the period when the tribute relationship between China and Japan was suspended. Although this official, diplomatic relationship ceased, Li reveals the related development of a vibrant re...

Many of the hundreds of thousands of Syrians who immigrated to the US beginning in the 1870s worked as peddlers. Men were able to transgress Syrian norms related to marriage practices while they were traveling, while Syrian women accessed more economic autonomy though their participation in peddling networks.  In Possible Histories: Arab Americans and the Queer Ecology of Peddling (U California Pr...

From facial recognition―capable of checking people into flights or identifying undocumented residents―to automated decision systems that inform who gets loans and who receives bail, each of us moves through a world determined by data-empowered algorithms. But these technologies didn’t just appear: they are part of a history that goes back centuries, from the census enshrined in the US Constitution...

The legacy of the businessmen who built Hong Kong are all over the city. Bankers work in Chater House—named after Paul Chater, the Armenian businessman behind much of the city’s land reclamation (among many other things). The Kowloon Shangri-La Hotel sits along Mody Road, named after Hormusjee Naorojee Mody, a Parsi immigrant who helped found the University of Hong Kong. And that’s not including f...

Why do we always assume it was the New Right that was at the centre of constructing neoliberalism? How might corporatism have advanced neoliberalism? And, more controversially, were the trade unions only victims of neoliberal change, or did they play a more contradictory role? In How Labour Built Neoliberalism: Australia’s Accord, the Labour Movement and the Neoliberal Project (Haymarket 2019), El...

Why are our lives filled with so much stuff? In Crap: A History of Cheap Stuff in America (U Chicago Press, 2023), Wendy Woloson, Professor and Chair in the Department of History at Rutgers University, tells the history of these objects and things, from the early years of peddlers through to modern gadgets, and everything in between. In telling this story the book tells a history of America itself...

Is environmental degradation an inevitable result of economic development? Can ecosystems be restored once government officials and the public are committed to doing so? These questions are at the heart of Stevan Harrell's An Ecological History of Modern China (University of Washington Press, 2023), a comprehensive account of China's transformation since the founding of the People's Republic from...

Since the late 1990s, activists have campaigned to remove "conflict diamonds" from jewelry shops and department stores. But if the problem of conflict diamonds--gems extracted from war zones--has only recently generated attention, it is not a new one. Nor are conflict diamonds an exception in an otherwise honest industry. The modern diamond business, Steven Press shows, owes its origins to imperia...

Immanuel Wallerstein's world-systems theory can help to better understand and describe developments of the 21st century. The contributors of Wallerstein 2.0: Thinking and Applying World-Systems Theory in the 21st Century (Transcript Publishing, 2023) address ways to reread Wallerstein's theoretical thoughts in the humanities and social sciences. The presented interdisciplinary approach of this ant...

The Catch: An Environmental History of Medieval European Fisheries (Cambridge UP, 2023) provides a comprehensive examination of European engagement with aquatic systems between c. 500 and 1500 CE. Using textual, zooarchaeological, and natural records, Richard C. Hoffmann's unique study spans marine and freshwater fisheries across western Christendom, discusses effects of human-nature relations and...

Why does the financial sector matter? In How to Build a Stock Exchange: The Past, Present and Future of Finance (Bristol UP, 2023), Philip Roscoe, a Professor of Management at the University of St Andrews, explores the history of the London Stock Exchange as part of a broader examination of the role of finance in the modern world. Richly detailed, including personal reflections as well as intervie...

For almost two decades, the citizens of Western Mexico have called for a cleanup of the Santiago River, a water source so polluted it emanates an overwhelming acidic stench. Toxic clouds of foam lift off the river in a strong wind. In Sewer of Progress: Corporations, Institutionalized Corruption, and the Struggle for the Santiago River (MIT Press, 2023), Cindy McCulligh examines why industrial dum...

In Jewish Space Lasers: The Rothschilds and 200 Years of Conspiracy Theories (Melville House, 2023), Mike Rothschild delves into the history of the conspiracy industry around the Rothschild family—from the "pamphlet wars" of Paris in the 1840s to the dankest pits of the internet today. Journalist and conspiracy theory expert Mike Rothschild, who isn't related to the family, sorts out myth from rea...

The Glen Canyon Dam on the Colorado River provides electricity for some forty million people, and is one of the largest sources of water in the American West. It is also a testament to American settler colonialism, writes UT Austin history professor Erika Bsumek in The Foundations of Glen Canyon Dam: Infrastructures of Dispossession on the Colorado Plateau (U Texas Press, 2023). This region of the...

By placing the party grassroots at the centre of its focus, Yiannis Kokosalakis' book Building Socialism: The Communist Party and the Making of the Soviet System, 1921–1941 (Cambridge UP, 2023) presents an original account of the formative first two decades of the Soviet system. Assembled in a large network of primary party organisations (PPO), the Bolshevik rank-and-file was an army of activists...

The rise of the global financial industry is treated by many economists as a critical component of the rise of neoliberalism. What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible.  Ryan C. Smith's book The Real Oil Shock: How Oil Transformed Money, Debt, and Finance (Palgrave MacMillan, 2022) demonstrates how the dramatic trans...