New Books in Economic and Business History

In Farm (and Other F Words): The Rise and Fall of the Small Family Farm (New Degree Press, 2021), Sarah K. Mock seeks to answer “what exactly do we mean by a Good Farm?” She looks at size, income, and age, among other factors that might be metrics of a Good Farm. Using USDA NASS data, farmer interviews, and experience Sarah shares some not so easy to hear perspectives. In this interview, Sarah dis...

In 1800 a Belfast linen merchant named Alexander Brown emigrated with his wife and eldest son to Baltimore. Today his family’s name lives on in the investment firm Brown Brothers Harriman, a company that has long played an outsized role in American history. As Zachary Karabell details in his book Inside Money: Brown Brothers Harriman and the American Way of Power (Penguin, 2021), a key factor in i...

This episode of the New Books in Economic and Business History is an interview with Dr. Shane Hamilton, Senior Lecturer in Management at The York Management School, University of York. There he teaches Strategy and Business Humanities. He is the author of Trucking Country: The Road to America's Wal-Mart Economy (Princeton, 2008) and he is associate editor of Enterprise & Society and co-editor of t...

Emma Rothschild’s new book, An Infinite History: The Story of a Family in France over Three Centuries (Princeton University Press, 2021) (see the book’s accompanying website here: https://infinitehistory.org), is a beautiful work that, by following the lives of one obscure family over five generations, weaves together a history of France through the momentous revolutions and economic transformatio...

Pirates and Publishers: A Social History of Copyright in Modern China (Princeton University Press, 2019) is a detailed historical look at how copyright was negotiated and protected by authors, publishers, and the state in late imperial and modern China. In Pirates and Publishers, Fei-Hsien Wang reveals the unknown social and cultural history of copyright in China from the 1890s through the 1950s,...

Suzanne L. Marchand's new book Porcelain: A History from the Heart of Europe (Princeton University Press, 2020) balances several histories at once through the story of a single commodity. Rather than a history of art or aesthetics per se—though it certainly touches style and artists— Porcelain is at once a business history of mercantile productions, a history of chemistry at the dawn of modern ind...

In recent years the phrase “revisionist history” has emerged as a label for politically-correct reexaminations of an unalterable understanding of our past. As James M. Banner, Jr. demonstrates in his book The Ever-Changing Past: Why All History Is Revisionist History (Yale UP, 2021), such a definition ignores how historical knowledge in the West has always been fluid and subject to reinterpretatio...

Nate Holdren is the author of Injury Impoverished: Workplace Accidents, Capitalism, and Law in the Progressive Era, published by Cambridge University Press in 2020. Injury Impoverished looks at the history of U.S. workplace injuries in the late-19th and early-20th Centuries. As the workers, employers, and reformers attempted to tackle the drastically high rates of workplace injuries and deaths, th...

In spite of Karl Marx's proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, m...

A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit (Princeton UP, 2021) provides a fresh account of US involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, Joanne Meyerowitz looks beyond familiar histories of development and explains why antipoverty programs increasingly fo...

Jamaica Ladies: Female Slaveholders and the Creation of Britain's Atlantic Empire (Omohundro Institute/University of North Carolina Press, 2020) is the first systematic study of the free and freed women of European, Euro-African, and African descent who perpetuated chattel slavery and reaped its profits in the British Empire. Their actions helped transform Jamaica into the wealthiest slaveholding...

Joshua Rothman’s The Ledger and the Chain: How Domestic Slave Traders Shaped America was published by Basic Books in 2021, and tells a sprawling history of slave traders in America. Often presented as outcasts and social pariahs, slave traders were often instead wealthy and respected members of their communities. Rothman explores the lives and careers of Isaac Franklin, John Armfield, and Rice Bal...

Today I talked to Amanda Ciafone's (University of Illinois, Urbana-Champaign) about her book Counter-Cola: A Multinational History of the Global Corporation (University of California Press, 2019). Counter-Cola charts the history of one of the world’s most influential and widely known corporations, The Coca-Cola Company. Over the past 130 years, the corporation has sought to make its products, bran...

Justene Hill Edwards is the author of Unfree Markets: The Slaves’ Economy and the Rise of Capitalism in South Carolina (Columbia University Press, 2021). Unfree Markets focuses in on an area of slavery’s history that has seldom been explore: the economic lives of enslaved people, and its meaning for them, enslavers, non-enslavers, and the institution of slavery itself. Hill Edwards explores how th...

The inside story of the world's most famous board game-a buried piece of American history with an epic scandal that continues today. The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game (Bloomsbury, 2015) reveals the unknown story of how Monopoly came into existence, the reinvention of its history by Parker Brothers and multiple media outlets, the lost female or...

In Global Trade in the Nineteenth Century: The House of Houqua and the Canton System (Cambridge University Press, 2016), John D. Wong examines the Canton trade networks that helped to shape the modern world through the lens of the prominent Chinese merchant Houqua, whose trading network and financial connections stretched from China to India, America and Britain. In contrast to interpretations tha...

Before the Transatlantic slave trade ravaged the western coast of Africa, immense numbers of persons were taken from their homes and carried across the Black and Mediterranean Seas as involuntary passengers. This trade is the subject of Hannah Barker’s remarkable study, That Most Precious Merchandise: The Mediterranean Trade in Black Sea Slaves, 1260-1500 (University of Pennsylvania Press, 2019)....

In 1897, the United States was mired in the worst economic depression that the country had yet endured. So when all the newspapers announced gold was to be found in wildly enriching quantities at the Klondike River region of the Yukon, a mob of economically desperate Americans swarmed north. Within weeks tens of thousands of them were embarking from western ports to throw themselves at some of the...

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked...

For years, American Jewish philanthropy has been celebrated as the proudest product of Jewish endeavors in the United States, its virtues extending from the local to the global, the Jewish to the non-Jewish, and modest donations to vast endowments. Yet, as Lila Corwin Berman illuminates in The American Jewish Philanthropic Complex: The History of a Multibillion-Dollar Institution (Princeton Univer...

In Black Market Capital Urban Politics and the Shadow Economy in Mexico City (University of California Press, 2018), Andrew Konove traces the history of illicit commerce in Mexico City from the seventeenth century to the twentieth, showing how it became central to the economic and political life of the city. The story centers on the untold history of the Baratillo, the city’s infamous thieves’ mar...

The Emergence of Modern Hospital Management and Organisation in the World 1880s-1930s (Emerald, 2021) uses a range of empirical evidence and case studies drawn from previously unpublished archival sources to offer one of the first international comparative studies on the transformation and modernization of hospital management globally, a century ago. Focusing on the key years between the 1880s and...

How do we understand our contemporary politics of race in historical, economical, and political context? How do we make sense of the Chinese Exclusion acts and ongoing racial discrimination? In Ghosts of Gold Mountain: The Epic Story of the Chinese Who Built the Transcontinental Railroad (HMH, 2019), Dr. Gordon H. Chang recovers the history of how thousands of immigrants from southern China came t...

Are we in the midst of a financial bubble? Do the current valuations of the electronic vehicle stocks or their SPACs make you raise an eyebrow? The trouble with bubbles is that they are hard to spot from within, and much easier to define and analyze after the fact.  In their new book, Boom and Bust: A Global History of Financial Bubbles (Cambridge University Press, 2020), William Quinn and John D....

The middle decades of the 19th century witnessed the expansion of slavery and white settlement and dispossession of Indigenous lands west of the Mississippi River, the abolition of slavery in the British Empire followed by the importation of indentured laborers from India and China into the West Indies, the consolidation of British rule in India followed by the so-called Indian Mutiny, and the exp...