New Books in Economic and Business History

Daniel Armanios, associate professor of Engineering and Public Policy at Carnegie Mellon University, talks about his work on infrastructure and inequality with Peoples & Things host Lee Vinsel. Armanios’ recent work has focused on coming up with quantitative measures of how infrastructure relates to inequalities around race, gender, and class, both to address historical injustices and to inform fu...

Most people in developed countries think inequality is increasing. And most would also agree that in terms of the global poor, the last 20 years have seen vast improvements with hundreds of millions living much better lives than their parents. These are some of the themes Professor Mike Savage addresses in his book The Return of Inequality: Social change and the Weight of the Past (Harvard UP, 202...

Sabrina Mittermeier's edited volume Fan Phenomena: Disney (Intellect Books, 2023) analyzes the fandom of Disney brands across a variety of media including film, television, novels, stage productions, and theme parks. It showcases fan engagement such as cosplay, fan art, and on social media, as well as the company’s reaction to it. Further, the volume deals with crucial issues—race and racism, the...

Brent Goldfarb and David Kirsch, professors of entrepreneurship and strategy at the University of Maryland's Robert H. Smith School of Business, talk about their book, Bubbles and Crashes: The Boom and Bust of Technological Innovation, with Peoples & Things host Lee Vinsel. Bubbles and Crashes puts forward a parsimonious model of how and when economic bubbles develop around new technologies. In th...

Seeing cigarette smoking as a cultural phenomenon of Western modernity is perhaps easier when the test case is outside the US where the narrative is dominated by Big Bad Tobacco and litigation. Tricia Starks's two volume study does just that. Her second volume, Cigarettes and Soviets: Smoking in the USSR (Cornell University Press, 2022) traces the rise and fall of cigarettes during the Soviet peri...

On this episode, Martín Garrido Lepe y Beatriz Rodriguez-Satizabal talk with Clemente Penna winner of the Tamás Szmrecsányi Prize for thesis in economic history of the period 1810 to 1913 during the second edition of the Prize for the best PhD thesis in Latin American economic history, awarded by the Peruvian Association of Economic History, in the VII Latin American Congress of Economic History....

In the middle of the 20th century, there was a passionate affair, between the Soviet empire and newly independent West African states. It was a short, intense, and acrimonious love story built on shared dreams for a noncapitalist future. Alessandro Iandolo’s new book, Arrested Development: The Soviet Union in Ghana, Guinea, and Mali, 1955-1968 (Cornell UP, 2022), explores the history of this unlik...

Historian Ruth Schwartz Cowan talks about her book, More Work for Mother, with Peoples & Things host Lee Vinsel. The book examines the history of how Americans industrialized their homes over the past two hundred years and how supposedly labor-saving technologies led women to do increased housework. Cowan also reflects on what it was like to work as a professor as a woman and mother in the 1970s a...

This episode is a roundtable discussion on the influence of the neoliberal project on higher education. Our guests are Professor Emeritus Frank Fear from Michigan State University, Professor Claire Polster from the University of Regina, and Professor Ruben Martinez from Michigan State University. The conversation is wide-ranging across topics such as the quantification of higher education and the...

Efficiency has moved from a technique for measuring machines to a widely held moral value. But at what cost? Guests Jennifer Alexander, Associate Professor at the University of Minnesota and author of The Mantra of Efficiency: From Waterwheel to Social Control Tom Hodgkinson, founder and editor of The Idler Learn more about your ad choices. Visit megaphone.fm/adchoices

Order at the Bazaar: Power and Trade in Central Asia (Cornell UP, 2017) delves into the role of bazaars in the political economy and development of Central Asia. Bazaars are the economic bedrock for many throughout the region--they are the entrepreneurial hubs of Central Asia. However, they are often regarded as mafia-governed environments that are largely populated by the dispossessed. By immersi...

Tracing practical reason from its origins to its modern and contemporary permutations, the Greek discovery of practical reason, as the skilled performance of strategic thinking in public and private affairs, was an intellectual breakthrough that remains both a feature of and a bug in our modern world. Countering arguments that rational choice-making is a contingent product of modernity, The Greeks...

For some, automation will usher in a labor-free utopia; for others, it signals a disastrous age-to-come. Yet whether seen as dream or nightmare, automation, argues Munn, is ultimately a fable that rests on a set of triple fictions. There is the myth of full autonomy, claiming that machines will take over production and supplant humans. But far from being self-acting, technical solutions are piecem...

Garritt van Dyk talks about national identity, food, and cooking in this conversation about Commerce, Food, and Identity in Seventeenth-Century England and France: Across the Channel (Amsterdam University Press, 2022) "Tell me what you eat, and I'll tell you who you are" was the challenge issued by French gastronomist Jean Brillat-Savarin. Champagne is declared a unique emblem of French sophistica...

The long and pernicious relationship between fast food restaurants and the African American community. Today, fast food is disproportionately located in Black neighborhoods and marketed to Black Americans through targeted advertising. But throughout much of the twentieth century, fast food was developed specifically for White urban and suburban customers, purposefully avoiding Black spaces.  In Wh...

Critics of globalisation come in many forms from environmentalists to trade unionists and many others in between. In the midst of all the controversy less attention has been paid to how big a phenomenon globalisation actually is and how it compares to another trend – regionalism. In this podcast Owen Bennett Jones discusses The Globalisation Myth: Why Regions Matter (Yale University Press, 2022) w...

On July 6, 1998, the last flight took off from Kai Tak International Airport, marking the end of an era for Hong Kong aviation. For decades, international flights flew over the roofs of Kowloon apartments, before landing on Kai Tak’s runway, extending out into the harbor. Kai Tak–frankly, a terrible place for one of the world’s busiest international airports–is a good symbol of the story of Hong K...

What's going on in private markets? As interest rates have gone up, public markets have been marked down much more severely than assets in the private market. Will the chickens come home to roost? And, if so, when?  Gary Stern was president and chief executive officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern, a native of Wisconsin, joined the Federal Rese...

How and why early modern European artisans began to record their knowledge. In From Lived Experience to the Written Word: Reconstructing Practical Knowledge in the Early Modern World (U Chicago Press, 2022), Pamela H. Smith considers how and why, beginning in 1400 CE, European craftspeople began to write down their making practices. Rather than simply passing along knowledge in the workshop, these...

Object Lessons is a Bloomsbury series of short, beautifully designed books about the hidden lives of ordinary things. This interview focuses on Trench Coat by Dr. Jane Tynan, published in 2022. We think we know the trench coat, but where does it come from and where will it take us? From its origins in the trenches of WW1, this military outerwear came to project the inner-being of detectives, write...

The eighteenth and early nineteenth centuries were supposedly the period in which the threat of famine lifted for the peoples of England. But hunger remained, in the words of Marx, an 'unremitted pressure'. The 1840s witnessed widespread hunger and malnutrition at home and mass starvation in Ireland. And yet the aptly named 'Hungry 40s' came amidst claims that, notwithstanding Malthusian prophecie...

A groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries...

Today, states' ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon--the outcome of a pivotal shift in the social composition of financial markets. Investigating the financiers involved in lending capital to sovereigns over the past two ce...

For decades, a few numbers came to define Chinese politics--until those numbers did not count what mattered and what they counted did not measure up.  Seeking Truth and Hiding Facts: Information, Ideology, and Authoritarianism in China (Oxford UP, 2022) argues that the Chinese government adopted a system of limited, quantified vision in order to survive the disasters unleashed by Mao Zedong's ideo...

Why some of Asia’s authoritarian regimes have democratized as they have grown richer—and why others haven’t Over the past century, Asia has been transformed by rapid economic growth, industrialization, and urbanization—a spectacular record of development that has turned one of the world’s poorest regions into one of its richest. Yet Asia’s record of democratization has been much more uneven, despi...