New Books in Economic and Business History

A new history explores how one of Renaissance Italy's leading cities maintained its influence in an era of global exploration, trade, and empire. The Grand Duchy of Tuscany was not an imperial power, but it did harbor global ambitions. After abortive attempts at overseas colonization and direct commercial expansion, as Brian Brege shows, Tuscany followed a different path, one that allowed it to pa...

In Global Taiwanese: Asian Skilled Labour Migrants in a Changing World (U Toronto Press, 2021), Fiona Moore explores the different ways in which Taiwanese expatriates in London and Toronto, along with professionals living in Taipei, use their shared Taiwanese identities to construct and maintain global and local networks. Based on a three-year-long ethnographic study that incorporates interviews w...

In Weeds and the Carolingians: Empire, Culture, and Nature in Frankish Europe, AD 750–900 (Cambridge University Press, 2021), Dr. Paolo Squatriti asks: Why did weeds matter in the Carolingian empire? What was their special significance for writers in eighth- and ninth-century Europe and how was this connected with the growth of real weeds? In early medieval Europe, unwanted plants that persistentl...

Concentrated market power and the weakened sway of corporate stakeholders over management have emerged as leading concerns of American political economy.  In his book Robbing Peter to Pay Paul: Power, Profits, and Productivity in Modern America (Yale UP, 2021), economic historian Samuel Milner provides a context for contemporary efforts to resolve these anxieties by examining the contest to contro...

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wa...

Roselyn Hsueh’s Micro-Institutional Foundations of Capitalism (Cambridge, 2022) presents a new framework for understanding how developing countries integrate into the global economy. Examining the labor-intensive textile sector and the capital-intensive telecommunications sector in China, India, and Russia, Hsueh shows how differences in the way elites perceive the strategic value of a sector can...

By the early eighteenth century, the economic primacy, cultural efflorescence, and geopolitical power of the Dutch Republic appeared to be waning. The end of this Golden Age was also an era of natural disasters. Between the late seventeenth and the mid-eighteenth century, Dutch communities weathered numerous calamities, including river and coastal floods, cattle plagues, and an outbreak of strange...

It began with a smoke break. James Monsees and Adam Bowen were two ambitious graduate students at Stanford, and in between puffs after class they dreamed of a way to quit smoking. Their solution became the Juul, a sleek, modern device that could vaporize nicotine into a conveniently potent dosage. The company they built around that device, Juul Labs, would go on to become a $38 billion dollar comp...

You think you know British Rail. But you don't know the whole story. Now, award-winning writer Christian Wolmar provides a new perspective on national loss in a time of privatisation in British Rail: A New History (Michael Joseph, 2022). From its creation after the Second World War, through its fifty-year lifetime, British Rail was an innovative powerhouse that transformed our transport system. Un...

The Earth has entered a new age—the Anthropocene—in which humans are the most powerful influence on global ecology. Since the mid-twentieth century, the accelerating pace of energy use, greenhouse gas emissions, and population growth has thrust the planet into a massive uncontrolled experiment. J. R. McNeill and Peter Engelke's book The Great Acceleration: An Environmental History of the Anthropoc...

Music sampling has become a predominantly digitalized practice. It was popularized with the rise of Rap and Hip-Hop, as well as ambient music scenes, but it has a history stretching back to the earliest days of sound recording and experimental music making from around the world. Digital tools and networks allow artists to sample music across national borders and from diverse cultural traditions wi...

Opportunity in Crisis: Cantonese Migrants and the State in Late Qing China (Harvard UP, 2021) explores the history of late Qing Cantonese migration along the West River basin during war and reconstruction and the impact of those developments on the relationship between state and local elites on the Guangxi frontier. By situating Cantonese upriver and overseas migration within the same framework, S...

Christopher Craig’s Middlemen of Modernity: Local Elites and Agricultural Development in Meiji Japan (U Hawaii Press, 2022) is a thoroughly research and engaging study of the role of local elites in the modernization of the Japanese countryside in the prewar era. “Agriculture,” Craig’s writes, “is given short shrift in the story of Japanese modernity. Farming and modernization seem to exist at opp...

Oil, the State, and War: The Foreign Policies of Petrostates (Georgetown University Press, 2022) by Dr. Emma Ashford presents a comprehensive challenge to prevailing understanding of international implications of oil wealth that shows why it can create bad actors. In a world where oil-rich states are more likely to start war than their oil-dependent counterparts, it's surprising how little attenti...

In the voluminous literature on the history of modernisation theory and its associated concept of development since the end of World War II, much of the focus lies on the efforts undertaken by developed nations—most notably the United States and Soviet Union—to establish a model for developing countries to build not just their economies but their nations as well. Eschewing this paradigm, Dr Nichol...

In Goliath: The 100-Year War Between Monopoly Power and Democracy (Simon & Schuster, 2019), Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today...

This is a biography of Earthopolis, the only Urban Planet we know of. It is a history of how cities gave humans immense power over Earth, for good and for ill. Carl Nightingale takes readers on a sweeping six-continent, six-millennia tour of the world's cities, culminating in the last 250 years, when we vastly accelerated our planetary realms of action, habitat, and impact, courting dangerous new...

How foreign lending weakens emerging nations In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in...

Against long odds, the Anishinaabeg resisted removal, retaining much of their land in the Old Northwest—what’s now Michigan, Wisconsin, and Minnesota. Their success rested partly on their roles as sellers of natural resources and buyers of trade goods, which made them key players in the political economy of plunder that drove white settlement and US development in the region. But, as Michael Witge...

While the nineteenth century has been described as the golden age of the European bourgeoisie, the emergence of the middle class and bourgeois culture was by no means exclusive to Europe. The Global Bourgeoisie: The Rise of the Middle Classes in the Age of Empire (Princeton UP, 2019) explores the rise of the middle classes around the world during the age of empire. Bringing together eminent schola...

Why are we working harder? In The Flexibility Paradox: Why Flexible Working Leads To (Self-)Exploitation (Polity Press, 2022), Heejung Chung, a professor of sociology and social policy at the University of Kent, looks a contemporary employment practices to tell the story of the rise of flexible working and its impact on workers, individuals, and families. The book sets out the paradox that even th...

Maeve Ryan’s new book Humanitarian Governance and the British Antislavery World System (Yale UP, 2022) highlights Britain’s early-nineteenth-century, Royal Navy seizures of slave ships and the processes involved in the “liberation” of these enslaved Africans. Nearly two hundred thousand Africans were resettled throughout the British Empire from Sierra Leone to St Helena, the British West Indies, a...

In Department Stores and the Black Freedom Movement: Workers, Consumers, and Civil Rights from the 1930s to the 1980s (UNC Press, 2019), Traci Parker examines the movement to racially integrate white-collar work and consumption in American department stores, and broadens our understanding of historical transformations in African American class and labor formation. Built on the goals, organization,...

In Empire and Enterprise: Money, Power and the Adventurers for Irish Land During the British Civil Wars (Manchester UP, 2020), Dr. David Brown examines the transformation of England's trade and government finances in the mid-seventeenth century, a revolution that destroyed Ireland. In 1642 a small group of merchants, the 'Adventurers for Irish land', raised an army to conquer Ireland but sent it i...

Labor's End: How the Promise of Automation Degraded Work (U Illinois Press, 2021) traces the discourse around automation from its origins in the factory to its wide-ranging implications in political and social life. As Jason Resnikoff shows, the term automation expressed the conviction that industrial progress meant the inevitable abolition of manual labor from industry. But the real substance of...