New Books in Economic and Business History

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path. In the first post-Mao decade, China's reformers were sharply divided. They agreed that China had to reform its economic s...

In Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet (FSG Originals, 2020), Tim Hwang investigates the way big tech financializes attention. In the process, he shows us how digital advertising--the beating heart of the internet--is at risk of collapsing, and that its potential demise bears an uncanny resemblance to the housing crisis of 2008. From the unreliabil...

In 2015, Professor Angus Deaton of Princeton University and his wife Professor Anne Case published a paper highlighting the rising mortality rate among middle-aged white non-Hispanic Americans. They described "deaths of despair" which were often related to drug and alcohol poisoning and suicide. They followed up with a widely read book: Deaths of Despair and the Future of Capitalism (Princeton UP,...

Today we talk to Sigurður Gylfi Magnússon about Wasteland with Words (Reaktion, 2010) and about microhistory as a method. Iceland is an enigmatic island country marked by contradiction: it’s a part of Europe, yet separated from it by the Atlantic Ocean; it’s seemingly inhospitable, yet home to more than 300,000. Wasteland with Words explores these paradoxes to uncover the mystery of Iceland. In Wa...

The beginnings of the modern welfare state are often traced to the late nineteenth-century labor movement and to policymakers’ efforts to appeal to working-class voters. But in Agents of Reform: Child Labor and the Origins of the Welfare State (Princeton UP, 2021), Elisabeth Anderson shows that the regulatory welfare state began a half-century earlier, in the 1830s, with the passage of the first c...

Since its establishment, Social Security has become the financial linchpin of American retirement. Yet demographic trends—longer lifespans and declining birthrates—mean that this popular program now pays more in benefits than it collects in revenue. Without reforms, 83 million Americans will face an immediate benefit cut of 20 percent in 2034. How did we get here and what is the solution? In Fixin...

Although there is often opposition to individual wars, most people continue to believe that the arms industry is necessary in some form: to safeguard our security, provide jobs and stimulate the economy. Not only conservatives, but many progressives and liberals, support it for these reasons. Indefensible puts forward a devastating challenge to this conventional wisdom, which has normalized the ex...

Engineering Expansion: The U.S. Army and Economic Development, 1787-1860 (U Pennsylvania Press, 2021) threads together political science, history, economics, American political development, and administrative developments to understand the unique role that the United States’ Army played in laying the groundwork for so much of the growth and evolution both before and after the Civil War in the U.S....

In this Pandemic Perspectives Podcast, Ideas Roadshow founder and host Howard Burton talks to Andy Hoffman, the dynamic and innovative business professor at the University of Michigan, about what the pandemic has brought to light to effectively address our many pressing global problems. Ideas Roadshow's Pandemic Perspectives Project consists of three distinct, reinforcing elements: a documentary f...

The epochal shift toward neoliberalism–– a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces-that began in the United States and Great Britain in the late 1970s fundamentally changed the world. Today, the word neoliberal is often used to condemn a broad swath of policies, from prizing free-market pr...

In The Business of Beauty: Gender and the Body in Modern London (Bloomsbury, 2020), historian Jessica Clark takes the reader on a tour through the shifting commercial and cultural landscape of London in the second half of the 19th Century and the early decades of the 20th. The business of beatification––aimed at both men and women, and conducted by both men and women­––was influenced by and reflec...

Oligarchy is a threat to the American republic. When too much economic and political power is concentrated in too few hands, we risk losing the “republican form of government” the Constitution requires. Today, courts enforce the constitution as if it had almost nothing to say about this threat. The Anti-Oligarchy Constitution: Reconstructing the Economic Foundations of American Democracy (Harvard...

In A New History of Modern Computing (MIT Press, 2021), Thomas Haigh and Paul Ceruzzi trace changes leading to the computer becoming a ubiquitous technology. Over the past fifty years, the computer has been transformed from a hulking scientific super tool and data processing workhorse, remote from the experiences of ordinary people to a diverse family of devices that billions rely on to play games...

Although the dividing line between private life and public responsibilities can never be definite and clear, there is a moral threshold which is crossed both by those who assume power to change the lives of many men through public action and by those who undertake to represent in a public role the will and interests of many other men. A new responsibility, and even a new kind of responsibility, an...

In Law and the Economy in a Young Democracy: India 1947 and Beyond (University of Chicago Press, 2022), Dr. Tirthankar Roy and Dr. Anand Swamy present an essential history of India’s economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. They argue that “colonial rule left India a highly unequal society with a complicated structure of l...

In this podcast Owen Bennett-Jones discusses the future of rational decision making with Professor Olivier Sibony who after 25 years with McKinsey & Company in France, is now at HEC Paris and the Saïd Business School in Oxford University. In 2021 he co-wrote the book Noise: A Flaw in Human Judgment (Little, Brown Spark, 2021) with Cass R. Sunstein and Daniel Kahneman. For those trying to resist th...

The Handbook of Historical Economics (Academic Press, 2021) guides students and researchers through a quantitative economic history that uses fully up-to-date econometric methods. The book's coverage of statistics applied to the social sciences makes it invaluable to a broad readership. As new sources and applications of data in every economic field are enabling economists to ask and answer new fu...

As the US contends with issues of populism and de-democratization, this timely study considers the impacts of digital technologies on the country’s politics and society. In Algorithms and the End of Politics: How Technology Shapes 21st-Century American Life (Bristol University Press, 2021), Dr. Scott Timcke provides a Marxist analysis of the rise of digital media, social networks and technology gi...

In mid-twentieth-century America, women faced a paradox. Thanks to their efforts, World War II production had been robust, and in the peace that followed, more women worked outside the home than ever before, even dominating some professions. Yet the culture, from politicians to corporations to television shows, portrayed the ideal woman as a housewife. Many women happily assumed that role, but a s...

In A Nation of Descendants: Politics and the Practice of Genealogy in U.S. History (University of North Carolina Press, 2021), historian Francesca Morgan tracks Americans’ obsession with tracing family ancestry. Morgan sheds light on the evolution of genealogical knowledge from the early republic to the present day. Although our New Books Network conversation concentrates on African Americans, in...

In the first decades after World War II, many newly independent Asian and African countries and established Latin American states pursued a socialist development model. In Ripe for Revolution: Building Socialism in the Third World (Harvard UP, 2022), Jeremy Friedman traces the socialist experiment over forty years through the experience of five countries: Indonesia, Chile, Tanzania, Angola, and Ir...

Early American literature scholar Elisabeth Ceppi’s thought-provoking new book, Invisible Masters: Gender, Race, and the Economy of Service in Early New England (Dartmouth College Press, 2018), rewrites the familiar narrative of the relation between Puritan religious culture and New England’s economic culture as a history of the primary discourse that connected them: service. The understanding ear...

In her book Disorder: Hard Times in the 21st Century (Oxford UP, 2022), Cambridge academic Helen Thompson gets beyond the ephemeral and analyses instead the role of more fundamental drivers of events – including the energy markets and the international monetary system. That’s one way in which her book is distinctive. It’s also a very broad book. While much of academic output has a very narrow focu...

Nothing has had a more profound impact on the lives of humans than economic growth. Thus, understanding economic growth is, on its own, understanding the essence of humanity. This is the objective of The Journey of Humanity: The Origins of Wealth and Inequality (Dutton, 2022) by Oded Galor. A fascinating book that explores the universal forces behind economic growth and prosperity. With a marvelou...

In The Profits of Nature: Colonial Development and the Quest for Resources in Nineteenth-Century China (Columbia UP, 2020), Peter Lavelle offers a fascinating narrative history of natural resource development in China during the tumultuous 19th-century. Faced with an unprecedented confluence of natural disasters, wars, rebellions, foreign incursions and social problems, Qing Dynasty officials and...