New Books in Economic and Business History

Over six million prime-age men are neither working nor looking for work; America's low unemployment rate hides the fact that many men have dropped out of the workforce altogether. Our workforce participation rate is on par with that seen during the Great Depression. Why does this problem affect men so acutely? Why is it so specific to America? What are these missing men doing with their time? How...

Western culture has been obsessed with regulating society by the precise, accurate measurement of time since the Middle Ages. In On Time: A History of Western Timekeeping (Johns Hopkins UP, 2020), Ken Mondschein explores the paired development of concepts and technologies of timekeeping with human thought. Without clocks, he argues, the modern world as we know it would not exist. From the astronom...

During the late nineteenth century, tens of thousands of diggers, prospectors, merchants, and dealers extracted and shipped over 50 million carats of diamonds from South Africa to London. The primary supplier to the world, South Africa's diamond fields became one of the formative sites of modern capitalist production. At each stage of the diamond's route through the British empire and beyond-from...

In The Rise of the Military Entrepreneur: War, Diplomacy, and Knowledge in Habsburg Europe (Cornell UP, 2022), Suzanne Sutherland explores the role of the military entrepreneur and explains how these international military figures emerged from, and exploited, the seventeenth century's momentous political, military, commercial, and scientific changes. During the Thirty Years' War, these figures tra...

Adrian Bazbauers and Susan Engel’s 2021 book The Global Architecture of Multilateral Development Banks: A System of Debt or Development? (Routledge, 2023) explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognizable MDB being proposed by Latin Americ...

The iconic deserts of the American southwest could not have been colonized and settled without the help of desert experts from the Middle East. For example: In 1856, a caravan of thirty-three camels arrived in Indianola, Texas, led by a Syrian cameleer the Americans called "Hi Jolly." This "camel corps," the US government hoped, could help the army secure the new southwest swath of the country jus...

With the Biden Administration's student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve.  You can find more information about Dr. Akers and her recent writing and appearances here...

Touts: Recruiting Indentured Labor in the Gulf of Guinea (de Gruyter, 2022) is a historical account of the troubled formation of a colonial labor market in the Gulf of Guinea and a major contribution to the historiography of indentured labor, which has relatively few reference points in Africa. The setting is West Africa’s largest island, Fernando Po or Bioko in today’s Equatorial Guinea, 100 kilo...

When students gathered in a London coffeehouse and smoked tobacco; when Yorkshire women sipped sugar-infused tea; or when a Glasgow family ate a bowl of Indian curry, were they aware of the mechanisms of imperial rule and trade that made such goods readily available?  In Eating the Empire: Food and Society in Eighteenth-Century Britain (Reaktion Books, 2020), Troy Bickham unfolds the extraordinary...

We all know that things are a little more expensive when we head to the grocery store. But what does inflation actually mean? How did we get to where we are, and what happens next? What does history have to say about our current economic situation? Annika sits down with Tyler Goodspeed of the Hoover Institution. Dr. Goodspeed served in the White House as Acting Chairman of the Council of Economic...

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life's necessities, those basic conditions for the "pursuit of happiness." For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace--nothing more. As Mark Paul explains, the latter interpretation--thanks in large...

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power. Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Demo...

The Opium Business: A History of Crime and Capitalism in Maritime China (Stanford UP, 2022) explores the opium trade — but not through the relatively well-trodden history of the ‘Opium Wars.’ Instead, in this wonderfully rich book Peter Thilly investigates the little known social history of the opium trade in coastal southern Fujian province. The Opium Business focuses on the relationship between...

Contracting Freedom: Race, Empire, and U.S. Guestworker Programs (U Pennsylvania Press, 2022) explores the origins of twentieth-century U.S. guestworker programs from Mexico and the Caribbean. It investigates these government-sponsored programs as the unexplored consequence of the history of enslaved labor, Japanese American incarceration, the New Deal, the long civil rights movement, and Caribbea...

In Breaks in the Air: The Birth of Rap Radio in New York City (Duke UP, 2022), John Klaess tells the story of rap's emergence on New York City's airwaves by examining how artists and broadcasters adapted hip hop's performance culture to radio. Initially, artists and DJs brought their live practice to radio by buying time on low-bandwidth community stations and building new communities around their...

Parking, quite literally, has a death grip on America: each year a handful of Americans are tragically killed by their fellow citizens over parking spots. But even when we don't resort to violence, we routinely do ridiculous things for parking, contorting our professional, social, and financial lives to get a spot. Indeed, in the century since the advent of the car, we have deformed--and in some c...

How have platforms transforming the world of work? In Work and Alienation in the Platform Economy: Amazon and the Power of Organisation (Bristol UP, 2023), Sarrah Kassem, a Lecturer and Research Associate in the field of Political Economy at the Institute of Political Science at the University of Tübingen, uses a case study of Amazon to explore issues of alienation and resistance in contemporary w...

When the COVID-19 pandemic led to a global economic "shutdown" in March 2020, our supply chains began to fail, and out-of-stocks and delivery delays became the new norm. Contrary to public perception, the pandemic strain did not break the current system of supply chains; it merely exposed weaknesses and fault lines that were decades in the making, and which were already acutely felt in deindustria...

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (PublicAffairs, 2023) is a groundbreaking work by bestselling authors Daron Acemoglu and Simon Johnson, in which they challenge conventional wisdom about the role of technology in driving prosperity. The authors argue that technology is not a neutral force working in the public interest but is shaped by the interests and...

This agricultural history explores the transformation of the Santa Clara Valley over the past one hundred years from America's largest fruit-producing region into the technology capital of the world. In the latter half of the twentieth century, the region's focus shifted from fruits--such as apricots and prunes--to computers. Both personal and public rhetoric reveals how a sense of place emerges a...

During the late nineteenth and early twentieth centuries, employers, government officials, journalists, and powerful individuals deployed a variety of violent tactics to control ordinary people and workers who sought to secure power in and out of workplaces. In the face of worker resistance, employers and their allies collaborated to use a variety of extralegal repressive techniques, including whi...

The Emergence of Arthur Laffer: The Foundations of Supply-Side Economics in Chicago and Washington, 1966–1976 (Palgrave Macmillan, 2021) explores the origins of Arthur Laffer’s economic theories and how they became a part of mainstream economic policy. Utilizing interviews and archival material, Laffer’s life is traced from his early education through to his time working for the Nixon and Reagan a...

Banks have taken a backseat since the global financial crisis over a decade ago. Today, our new financial masters are asset managers, like Blackstone and BlackRock. And they don't just own financial assets. The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and even the homes in which ma...

In Sugarland: The Transformation of the Countryside in Communist Albania (Central European UP, 2023), Artan Hoxha discusses the ambitious development project in state socialist Albania that turned a swampland into a site of sugar production after 1945. The author seeks to free the history of Albanian communism from the stereotypes that still circulate about it with stigmas of an aberration, parano...

In Continental Reckoning: The American West in the Age of Expansion (U Nebraska Press, 2023) renowned historian Elliott West presents a sweeping narrative of the American West and its vital role in the transformation of the nation. In the 1840s, by which time the United States had expanded to the Pacific, what would become the West was home to numerous vibrant Native cultures and vague claims by o...