New Books in Economic and Business History

From the emergence of money in the ancient world to today’s interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are financial markets lawless and irrational? It may seem that way from the outside, but for market insiders there are multiples sets of rules that they break at their peril. Official rules set by law or by the exchanges exist alongside unofficial rules, or floor rules. Between these, it is the floor rules -- the norms followed by other insiders -- that matter most. Breaking an official rule might lead to a fine or even jail. Breaking floor rules can lead to being ostracized from markets as well as social and financial ruin. In Floor Rules: Insider Culture in Financial Markets (Yale UP, 2024) , Mark W. Geiger tells compelling stories of market disturbances in which insider rules played a key role. He examines the norms, customs, values, and operating modes of insiders at the center of financial markets that trade money, stocks, bonds, futures, and other financial derivatives. These core insiders are a relatively small group who govern the markets. The book tells the riveting story of Benjamin Hutchinson, who made national news for his dramatic 1888 wheat market corner in Chicago, in which he outsmarted four powerful traders who had joined to force him out of the market, survived a life-threatening physical assault on the trading floor, and almost brought down the Chicago wheat market. It also unpacks the LIBOR scandal of 2008 in which bankers in major international firms manipulated interbank loan rates to inflate their own profits at the expense of investors and at tremendous risk to the industry. Geiger analyzes the cultural history of market trading, describes the role of insiders, and suggests where this peculiar, ingrown culture is heading in an era of technological change. The book releases on October 29, the 95th anniversary of the Black Tuesday crash of 1929, the beginning of the Great Depression. Related resources: Mark Geiger's personal website and portfolio of generative AI artwork Author recommended reading: Den of Thieves by James B. Stewart Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof and Robert J. Shiller Hosted by Meghan Cochran NOTE: Kluge Fellow at the Library of Congress should have been pronounced with a hard "g" as in kloo-ghee. Learn more about your ad choices. Visit megaphone.fm/adchoices

At a time when critiques of free trade policies are gaining currency, The Neomercantilists: A Global Intellectual History (Cornell UP, 2021) helps make sense of the protectionist turn, providing the first intellectual history of the genealogy of neomercantilism. Eric Helleiner identifies many pioneers of this ideology between the late eighteenth and early twentieth centuries who backed strategic protectionism and other forms of government economic activism to promote state wealth and power. They included not just the famous Friedrich List, but also numerous lesser-known thinkers, many of whom came from outside of the West. Helleiner's novel emphasis on neomercantilism's diverse origins challenges traditional Western-centric understandings of its history. It illuminates neglected local intellectual traditions and international flows of ideas that gave rise to distinctive varieties of the ideology around the globe, including in Latin America, the Caribbean, Africa, and Asia. This rich history left enduring intellectual legacies, including in the two dominant powers of the contemporary world economy: China and the United States. The result is an exceptional study of a set of profoundly influential economic ideas. While rooted in the past, it sheds light on the present moment. The Neomercantilists shows how we might construct more global approaches to the study of international political economy and intellectual history, devoting attention to thinkers from across the world, and to the cross-border circulation of thought. Eric Helleiner is an author and professor of political science and the Faculty of Arts Chair in International Political Economy at the University of Waterloo. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A thought-provoking reconsideration of how the revolutionary movements of the 1970s set the mold for today's activism. The 1970s was a decade of "subversives". Faced with various progressive and revolutionary social movements, the forces of order--politicians, law enforcement, journalists, and conservative intellectuals--saw subversives everywhere. From indigenous peasant armies and gay liberation organizations, to anti-nuclear activists and Black liberation militants, subversives challenged authority, laid siege to the established order, and undermined time-honored ways of life. Every corner of the left was fertile ground for subversive elements, which the forces of order had to root out and destroy--a project they pursued with zeal and brutality. In The Subversive Seventies (Oxford UP, 2023), Michael Hardt sets out to show that popular understandings of the political movements of the seventies--often seen as fractious, violent, and largely unsuccessful--are not just inaccurate, but foreclose valuable lessons for the political struggles of today. While many accounts of the 1970s have been written about the regimes of domination that emerged throughout the decade, Hardt approaches the subversive from the perspectives of those who sought to undermine the base of established authority and transform the fundamental structures of society. In so doing, he provides a novel account of the theoretical and practical projects of liberation that still speak to us today, too many of which have been all but forgotten. Departing from popular and scholarly accounts that focus on the social movements of the 1960s, Hardt argues that the 1970s offers an inspiring and useful guide for contemporary radical political thought and action. Although we can still learn much from the movements of the sixties, that decade's struggles for peace, justice, and freedom fundamentally marked the end of an era. The movements of the seventies, in contrast, responded directly to emerging neoliberal frameworks and other structures of power that continue to rule over us today. They identified and confronted political problems that remain central for us. The 1970s, in this sense, marks the beginning of our time. Looking at a wide range of movements around the globe, from the United States, to Guinea Bissau, South Korea, Chile, Turkey, and Italy, The Subversive Seventies provides a reassessment of the political action of the 1970s that sheds new light not only on our revolutionary past but also on what liberation can be and do today. Michael Hardt teaches political theory in the Literature Program at Duke University. He is co-author, with Antonio Negri, of the Empire trilogy and, most recently, Assembly. He is co-director with Sandro Mezzadra of The Social Movements Lab. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Cattle in the Postcolumbian Americas: A Zooarchaeological Historical Study (University Press of Florida, 2024), Nicolas Delsol compares zooarchaeological and material evidence from sites across Mesoamerica and the Caribbean to show how the introduction of cattle, beginning with imports by Spanish colonizers in the 1500s, shaped colonial American society. Before European colonization, cows were vital in European and African societies but were unknown to the Native communities of the Western Hemisphere. This book traces their impact in the Americas by using a broad range of methods, such as ancient DNA analyses on faunal collections from major postcolumbian sites. Delsol describes the place of cattle in the colonial culture and landscape, beginning with the transportation of cattle across the Atlantic and moving to herding practices in new habitats, butchery techniques, and the production, trading, and use of cow byproducts. Cattle in the Postcolumbian Americas is the first large-scale regional archaeological study of the introduction of a European domesticated species to the Americas. Using both zooarchaeological and historical data, Delsol argues that the arrival of cattle was a major consequence of European colonization with effects that have often been overlooked. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens after colonial industries have run their course—after the factory closes and the fields go fallow? Set in the cinchona plantations of India’s Darjeeling Hills, Quinine's Remains: Empire’s Medicine and the Life Thereafter (U California Press, 2024) chronicles the history and aftermaths of quinine. Harvested from cinchona bark, quinine was malaria’s only remedy until the twentieth-century advent of synthetic drugs, and it was vital to the British Empire. Today, the cinchona plantations—and the roughly fifty thousand people who call them home—remain. Their futures, however, are unclear. The Indian government has threatened to privatize or shut down this seemingly obsolete and crumbling industry, but the plantation community, led by strident trade unions, has successfully resisted. Overgrown cinchona fields and shuttered quinine factories may appear the stuff of postcolonial and postindustrial ruination, but quinine’s remains are not dead. Rather, they have become the site of urgent efforts to redefine land and life for the twenty-first century. Quinine's Remains offers a vivid historical and ethnographic portrait of what it means to forge life after empire. Rounak Bose is a doctoral student in History at the University of Delaware. His research explores questions of caste, religiosities, sacred infrastructures, and performance in the interstices of the colonial and postcolonial state, as well as mobilities and circulations across South Asia and Indian Ocean networks. Besides these specific interests, my disciplinary interests revolve around anthropology, literature, and public history, and the digital humanities. When not reading or writing in the university library, Rounak can be found running along Newark's hiking trails and petting the dogs he meets along the way. Link to twitter page Learn more about your ad choices. Visit megaphone.fm/adchoices

Augustine believed that slavery is permissible, but to understand why, we must situate him in his late antique Roman intellectual context. Slaves of God: Augustine and Other Romans on Religion and Politics (Princeton UP, 2024) provides a major reassessment of this monumental figure in the Western religious and political tradition, tracing the remarkably close connections between Augustine’s understanding of slavery and his broader thought. Augustine is most often read through the lens of Greek philosophy and the theology of Christian writers such as Paul and Ambrose, yet his debt to Roman thought is seldom appreciated. Toni Alimi reminds us that the author of Confessions and City of God was also a Roman citizen and argues that some of the thinkers who most significantly shaped his intellectual development were Romans such as Cicero, Seneca, Lactantius, and Varro—Romans who had much to say about slavery and its relationship to civic life. Alimi shows how Augustine, a keen and influential student of these figures, related chattel slavery and slavery to God, and sheds light on Augustinianism’s complicity in Christianity’s long entanglement with slavery. An illuminating work of scholarship, Slaves of God reveals how slavery was integral to Augustine’s views about law, rule, accountability, and citizenship, and breaks new ground on the topic of slavery in late antique and medieval political thought. New Books in Late Antiquity is presented by Ancient Jew Review Toni Alimi is Assistant Professor at the Sage School of Philosophy at Cornell University Michael Motia teaches in Classics and Religious Studies at UMass Boston Learn more about your ad choices. Visit megaphone.fm/adchoices

Economics sometimes feels like a physics–so sturdy, so objective, and so immutable. Yet, behind every clean number or eye-popping graph, there is usually a rather messy story, a story shaped by values, interests, ideologies, and petty bureaucratic politics. In Cited Podcast’s new mini-series, the Use and Abuse of Economic Expertise, we tell the hidden stories of the economic ideas that shape our world. For future episodes of our series, and a full list of credits, visit our series page. On episode one, we begin at the beginning: the invention of the modern economy, or at least the idea of the economy. It starts with one measure: the GDP, or gross domestic product. It’s a measure that comes to define what we mean by ‘the economy.’ Before GDP, we did not really speak in those terms. Cited producer Alec Opperman talks to sociologist Dan Hirshman, who brings the story of the man who pioneered the GDP, Simon Kuznets. Yet, the GDP was not the measure the Kuznets hoped it would be. It’s a story that reveals the surprisingly contentious politics of counting things up. Plus, what about alternatives to GDP? The Genuine Progress Indicator, the Human Development Index, the Green GDP, and so on. These measures are said to be more progressive, as they often capture things we value (like, care work for instance), and subtracting out things we could use less off (like, environmental degradation). Scholars and policy wonks have been raging about these types of measures for decades, but they have not taken off. Why? Economic historian Dirk Philipsen, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It (Princeton UP, 2017), talks to Alec about why a good number alone is never enough to change the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sequels, reboots, franchises, and songs that remake old songs—does it feel like everything new in popular culture is just derivative of something old? Contrary to popular belief, the reason is not audiences or marketing, but Wall Street. In this book, Andrew deWaard shows how the financial sector is dismantling the creative capacity of cultural industries by upwardly redistributing wealth, consolidating corporate media, harming creative labor, and restricting our collective media culture. Moreover, financialization is transforming the very character of our mediascapes for branded transactions. Our media are increasingly shaped by the profit-extraction techniques of hedge funds, asset managers, venture capitalists, private equity firms, and derivatives traders. Illustrated with examples drawn from popular culture, Derivative Media: How Wall Street Devours Culture (University of California Press, 2024) offers readers the critical financial literacy necessary to understand the destructive financialization of film, television, and popular music—and provides a plan to reverse this dire threat to culture. A free digital version of this title is available here. Andrew deWaard is Assistant Professor of Media and Popular Culture at the University of California, San Diego, and coauthor of The Cinema of Steven Soderbergh: Indie Sex, Corporate Lies, and Digital Videotape. Peter C. Kunze is assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Critical Insights on Colonial Modes of Seeing Cattle in India: Tracing the Pre-history of Green and White Revolutions (Springer 2024) traces the contours of the symbiotic relationship between crop cultivation and cattle rearing in India by reading against the grain of several official accounts from the late colonial period to the 1980s. It also skillfully unpacks the multiple cultural expressions that revolve around cattle in India and the wider subcontinent to show how this domestic animal has greatly impacted political discourses in South Asia from colonial times, into the postcolonial period. The author begins by demonstrating the dependence between the nomadic cattle breeder and the settled cultivator, at the nexus of land-livestock-agriculture, as indicated in the writings of Sir Albert Howard, who espoused some of the most sophisticated ideas on integration, holism, and mixed farming in an era when agricultural research was marked by increasing specialisation and compartmentalization. The book springboards with the views of colonial experts who worked at imperial science institutions but passionately voiced dissenting opinions due to their emotional investment in the lives of Indian peasants, of whom Howard was a leading light. The book presents Howard and his contemporaries’ writings to then engage contemporary debates surrounding organic agriculture and climate change, tracing the path out of the treadmill of industrial agriculture and factory farming. In doing so, the book shows how, historically, animal rearing has been critically linked to livelihood strategies in the Indian subcontinent. At once a dispassionate reflection on the role played by cattle and water buffaloes in not just supporting farm operations in the agro-pastoral landscape, but also in contributing to millions of livelihoods in sustainable ways while fulfilling the animal protein in the Indian diet, the book presents contemporary lessons on development perspectives relating to sustainable and holistic agriculture. A rich and sweeping treatment of this aspect of environmental history in India that tackles the transformations prompted by the arrival of veterinary medicine, veterinary education and notions of scientific livestock management, the book is a rare read for historians, environmentalists, agriculturalists, development practitioners, and animal studies scholars with a particular interest in South Asia. Learn more about your ad choices. Visit megaphone.fm/adchoices

A radical new reading of eighteenth-century British theorist Thomas Robert Malthus, which recovers diverse ideas about subsistence production and environments later eclipsed by classical economics With the publication of Essay on the Principle of Population and its projection of food shortages in the face of ballooning populations, British theorist Thomas Robert Malthus secured a leading role in modern political and economic thought. In this startling new interpretation, Deborah Valenze reveals how canonical readings of Malthus fail to acknowledge his narrow understanding of what constitutes food production. Valenze returns to the eighteenth-century contexts that generated his arguments, showing how Malthus mobilized a redemptive narrative of British historical development and dismissed the varied ways that people adapted to the challenges of subsistence needs. She uses history, anthropology, food studies, and animal studies to redirect our attention to the margins of Malthus’s essay, where activities such as hunting, gathering, herding, and gardening were rendered extraneous. She demonstrates how Malthus’s omissions and his subsequent canonization provided a rationale for colonial imposition of British agricultural models, regardless of environmental diversity. By broadening our conception of human livelihoods, Valenze suggests pathways to resistance against the hegemony of Malthusian political economy. The Invention of Scarcity: Malthus and the Margins of History (Yale UP, 2023) invites us to imagine a world where monoculture is in retreat and the margins are recentered as spaces of experimentation, nimbleness, and human flourishing. Deborah Valenze is the Ann Whitney Olin Professor of History at Barnard College. A recipient of numerous fellowships, she has written four previous books on British culture and economic life. She lives in Cambridge, MA, and New York City. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Electrifying Indonesia: Technology and Social Justice in National Development (U Wisconsin Press, 2023) tells the story of the entanglement of politics and technology during Indonesia's rapid post-World War II development. As a central part of its nation-building project, the Indonesian state sought to supply electricity to the entire country, bringing transformative socioeconomic benefits across its heterogeneous territories and populations. While this project was driven by nationalistic impulses, it was also motivated by a genuine interest in social justice. The entanglement of these two ideologies-nation-building and equity-shaped how electrification was carried out, including how the state chose the technologies it did. Private companies and electric cooperatives vied with the hegemonic state power company to participate in a monumental undertaking that would transform daily life for all Indonesians, especially rural citizens. In this innovative volume, Anto Mohsin brings Indonesian studies together with science and technology studies to understand a crucial period in modern Indonesian history. He shows that attempts to illuminate the country were inseparable from the effort to maintain the new nation-state, chart its path to independence, and legitimize ruling regimes. In exchange for an often dramatically improved standard of living, people gave their votes, and their acquiescence, to the ruling government. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the future of the film industry? In Mobile Hollywood Labor and the Geography of Production (U California Press, 2024), Kevin Sanson, Professor of Media Studies and Head of the School of Communication at Queensland University of Technology, examines the way Hollywood film production has become a global industry. The book theorises Hollywood as a distinct spatial assemblage, and examines the consequences of the rise of global, mobile film production for places and for workers. Offering a unique perspective on the challenges of this new mode of production, alongside insights on how ‘good work’ can be defended and preserved in media industries, the book is essential reading across the humanities and social sciences, as well as for anyone interested in media today. The book is also available open access here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the early 1980s, Walt Disney Productions was struggling, largely bolstered by the success of its theme parks. Within fifteen years, however, it had become one of the most powerful entertainment conglomerates in the world. Staging a Comeback: Broadway, Hollywood, and the Disney Renaissance (Rutgers University Press, 2023) by Dr. Peter Kunze argues that far from an executive feat, this impressive turnaround was accomplished in no small part by the storytellers recruited during this period. Drawing from archival research, interviews, and textual analysis, Dr. Kunze examines how the hiring of theatrically trained talent into managerial and production positions reorganized the lagging animation division and revitalized its output. By Aladdin, it was clear that animation—not live action—was the center of a veritable “renaissance” at Disney, and the animated musicals driving this revival laid the groundwork for the company’s growth into Broadway theatrical production. The Disney Renaissance not only reinvigorated the Walt Disney Company but both reflects and influenced changes in Broadway and Hollywood more broadly. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Hispano Bastion: New Mexican Power in the Age of Manifest Destiny, 1837-1860 (University of New Mexico Press, 2023), historian Dr. Michael J. Alarid examines New Mexico's transition from Spanish to Mexican to US control during the nineteenth century and illuminates how emerging class differences played a crucial role in the regime change. After Mexico won independence from Spain in 1821, trade between Mexico and the United States attracted wealthy Hispanos into a new market economy and increased trade along El Camino Real, turning it into a burgeoning exchange route. As landowning Hispanos benefited from the Santa Fe trade, traditional relationships between wealthy and poor Nuevomexicanos--whom Alarid calls patrónes and vecinos--started to shift. Far from being displaced by US colonialism, wealthy Nuevomexicanos often worked in concert with new American officials after US troops marched into New Mexico in 1846, and in the process, Dr. Alarid argues, the patrónes abandoned their customary obligations to vecinos, who were now evolving into a working class. Wealthy Nuevomexicanos, the book argues, succeeded in preserving New Mexico as a Hispano bastion, but they did so at the expense of poor vecinos. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

"With the benefit of hindsight, it is clear that 1949 was actually the beginning, not the end, of the Chinese revolution." Building from this premise, Andrew G. Walder's new book looks at the ways that China was transformed in the 1950s in order to understand why and how Mao's decisions and initiatives - among those of other leaders - had the effects that they did. Written for a broad reading audience, China Under Mao: A Revolution Derailed (Harvard University Press, 2015)focuses on a core theme: the results of Mao's initiatives were often "unintended, unanticipated, and unwanted," by Mao himself, the party leadership, and the broader population. To help readers understand why this is important and how it happened, the first part of Walder's book offers a detailed and compelling account of the Communist Party's road to power and the legacy of this struggle for what happened after, including a military mobilization that formed the bureaucratic foundation for the new Chinese state, an organization oriented toward discipline and unity, and a flawed economic system imported from the Soviet Union. (Walder pays special attention to the differences in party tactics for mobilizing the cities and countryside.) The later chapters explore the transformations in the party in the 1950s and after, including a significant change in the meaning and motives for party membership that spurred Mao to enact measures with consequences ranging from counterproductive to devastating. China Under Mao analyzes these consequences, including the political and organizational causes of the massive failure of the Great Leap Forward and its aftermath. The book ends with a call to rethink Mao's legacy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the nineteenth and twentieth centuries, a handful of powerful European states controlled more than a third of the land surface of the planet. These sprawling empires encompassed not only rainforests, deserts, and savannahs but also some of the world’s most magnificent rivers, lakes, marshes, and seas. Liquid Empire: Water and Power in the Colonial World (Princeton University Press, 2024) by Dr. Corey Ross tells the story of how the waters of the colonial world shaped the history of imperialism, and how this imperial past still haunts us today. Spanning the major European empires of the period, Dr. Ross describes how new ideas, technologies, and institutions transformed human engagements with water and how the natural world was reshaped in the process. Water was a realm of imperial power whose control and distribution were closely bound up with colonial hierarchies and inequalities—but this vital natural resource could never be fully tamed. Ross vividly portrays the efforts of officials, engineers, fisherfolk, and farmers to exploit water, and highlights its crucial role in the making and unmaking of the colonial order. Revealing how the legacies of empire have persisted long after colonialism ebbed away, Liquid Empire provides needed historical perspective on the crises engulfing the world’s waters, particularly in the Global South, where billions of people are faced with mounting water shortages, rising flood risks, and the relentless depletion of sea life. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

When U.S. presidents clash with corporate titans, what tips the balance of power? In The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry (Regnery History, 2024), acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation's commander in chief. He unearths the untold stories - both political and personal - that have shaped America. Troy shows how the vast reach of the federal government become a critical fact of life for every business, entrepreneur, and innovator. Today, companies find themselves navigating a competitive landscape defined by stringent regulations, so top CEOs and key business leaders must influence the legislative and regulatory system. As public affairs teams and government relations experts put forward strategies to survive Washington, CEOs have become the most important warrior on the frontlines. The Power and the Money shows how some of the nation's most important CEOs forged (and fumbled) relationships with the president. Troy also shows how the most powerful man in the world depends on CEOs. CEOs provide assistance in the form of personnel, policy insights, and campaign cash, but they also become essential foils for presidents, serving as both allies and convenient enemies. The Power and the Money reveals an intricate web of power, where CEOs need presidents, and presidents need CEOs. Troy shows how each must step carefully - or risk unpredictable costs and collateral damage. From heavyweights John D. Rockefeller and Mark Zuckerberg to Katherine Graham, Elon Musk, and more, Troy takes readers inside the friendships and the conflicts that shook the American economy and re-shaped America. Drawing on his experiences as bestselling historian and former senior White House aide, Troy offers unique insights and details that shed light on the growing, intertwining behemoths of government and big business - and what it means for the future of our nation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial Banking in Kenya: A History from Colonisation to Digital Age (Routledge, 2024) investigates the impact of commercial banks in Kenya right through from their origins, to their role during the colonial period, the process of adaptation following independence, and up to their responses to new challenges and economic policies in the twenty-first century. The British colonisation of East Africa required the development of diverse political, social and economic institutions to advance and exercise control over the territories and their populations. Multinational commercial banks were among the first institutions, with the National Bank of India, Standard Bank of South Africa and Barclays Bank DCO all setting up business in Kenya, whilst continuing to maintain close relationships with the UK and other colonial actors. This book assesses the impact of commercial banks during the last years of colonial domination and the tools they used to adapt in the first decades of independence. The book concludes by considering how the colonial banking system has influenced the development of modern financial institutions in Kenya in the twenty-first century. This book argues that commercial banks are fundamental to understanding African colonies, and the foundations over which the financial system of contemporary Africa was constructed. It will be of interest to researchers of banking, economic history, the colonial period, and African studies. Christian Velasco was born in Mexico City and studied History at the National Autonomous University of Mexico (UNAM), where he specialized in economic history. In 2013, he was awarded a master's degree at the London School of Economics, with a comparative study of banking in Ghana and Botswana. The University of Warwick awarded him a PhD in 2019, working under the supervision of David Anderson and Daniel Branch, with a dissertation titled The Kenyan Banking System: From Colonial Expansion to Independence Uncertainty, 1950–1970. He is currently full-time academic staff at the Centro de Investigación y Docencia Económica (CIDE) in Mexico City. Other publications discussed during the interview are: Rouse, M. , Bátiz-Lazo, B., and Carbo-Valverde, S. (2023) ‘M-Pesa and the role of the entrepreneurial state in a cashless technology to deliver an inclusive financial sector’, Essays in Economic and Business History, 41, pp. 109-133. Velasco, C. (2022), "The African Savers and the Post Office Savings Bank in Colonial Kenya (1910–1954)," The Journal of Imperial and Commonwealth History, DOI: 10.1080/03086534.2021.2020426 Willis, J. & Velasco, C. (2024), "Saving, Inheritance and Future-Making in 1940s Kenya," Past & Present, https://doi.org/10.1093/pastj/gtae013 Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. The Capital Market of Manila and the Pacific Trade, 1668-1838 (Palgrave Macmillan, 2024) offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic history of Pacific trade. The book explains how trade between Asia and Spanish America across the Pacific, which lasted for 250 years (1571 – 1815) was financed from the city of Manila.The book analyses the political economy and institutional structures of the Manila capital market in the context of the global silver trade, as well as addressing key similarities and differences with European trade routes and differing approaches to colonialism and commerce in Asian waters. It traces how the Manila capital market emerged in a bottom-up process with a redistributive aspect that tied the interests of citizens with the fortunes of trade, using institutions familiar to the public like legacy funds, brotherhoods and lay religious orders to pool liquidity, originate working capital, and internalise the risk of loss at sea. It challenges the notion that there is a normative model for the development of capital markets and introduces an industrial organisation analysis to the broader structure of Early Modern trade in the Spanish Empire. Sitting at the intersection of economic and financial history, global history, imperial history and political economy, this book will be a cutting-edge and valuable resource for a broad range of scholars: This book is based on the dissertation entitled: AN ALTERNATIVE MODEL FOR EARLY MODERN LONG-DISTANCE TRADE FINANCE: THE CAPITAL MARKETS OF MANILA, 1680-1838, London School of Economics, University of London, 2023. Winner of the Coleman Prize, 2024. Juan Jose Rivas Moreno is currently a Max Weber Fellow at the European University Institute. He has previously held an Economic History Society Fellowship affiliated with University College London (UCL), and was the recipient of a short-term fellowship at the Newberry Library of Chicago to conduct archival research during his PhD. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 150 years ago, Marx published the first volume of Capital, a systematic and voluminous account of capitalism, from the economic bedrock all the way up to the social and political consequences. The book itself would stand as one of the most influential and decisive texts of all time, proving to be a wildly fruitful foundation for further research into everything it touched, and also becoming a cornerstone text for various political movements that would try and develop the critical analysis into a workable theory of action and social transformation. Even after its 1867 publication, the text remained a fluid, dynamic object, with a 2nd edition being put out in Marx’s own lifetime and a 3rd and 4th edition being published posthumously under the stewardship of Friedrich Engels. These later editions would be the foundations for the first two translations of the text into English, first by Edward Aveling and Sam Moore in 1887, and then by Ben Fowkes in 1976. Now in 2024, we can add a third version of the text in English. Translated by Paul Reitter and edited by both Paul Reitter and Paul North, Marx has been given a fresh voice with a new edition of the text that includes a foreword by Wendy Brown and an afterword by William Clare Roberts. The introduction by Paul North helps situate the text in Marx’s larger output, showing how it was the culmination of an early political radicalization that took time to develop into a more systematic critique. Paul Reitter’s preface explains some of the difficulties of translating such a large and complex text, and will help readers appreciate the care Marx chose his words with. Substantial editorial endnotes will help contextualize obscure phrases and terms, helping readers keep up with the massive scope of Marx’s vision as he pulls information, inspiration and ideas from economics, philosophy, literature and history into a cohesive yet dynamic vision of what the ceaseless pursuit of value was doing to our world, and what might be done about it. For this interview, there are two parts. For the first hour, Paul Reitter and Paul North sat together and discussed the main ideas of the text, the various ways it tries to develop its critical perspective and its continued importance. For the second hour, Paul Reitter stayed to discuss some passages in detail, explaining the various choices made and roads not traveled, and how he tried to bring various aspects of Marx’s voice into English. Translation is at least as much an art as a science, one that demands hermeneutic sensitivity as much as a knowledge of which words correspond to which. Reitter is a humble practitioner of what is often thankless work and makes no claim to being the final word on how best to translate Marx, but his contribution will absolutely raise the bar and give readers who’ve never read Marx an excellent place to start, and will give those familiar with the text a chance to see it in new light. To borrow a phrase from Marx himself, this new translation is as royal a road to science as we could ask for. Paul Reitter is a professor of Germanic languages at Ohio State University. Paul North is the Maurice Natanson professor of Germanic languages and literature at Yale University. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode focuses on a cluster of issues of longstanding significance in Southeast Asia and in Southeast Asian Studies – plantation agriculture, global commodity chains or supply chains, exploitation of labour and environmental degradation, and resistance. To discuss these issues, we are joined by Dr. Alyssa Paredes, an environmental and economic anthropologist who is an Assistant Professor in the Department of Anthropology at the University of Michigan. Dr. Paredes received her PhD in Anthropology (with distinction) from Yale University in 2020. Her work has been published in a variety of journals, including Antipode, Ethnos, Gastronomica, and the Journal of Political Ecology. She is a contributor to the edited volume Multispecies Justice and the Feral Atlas website, and she is co-editor of Halo-Halo Ecologies: The Emergent Environments Behind Filipino Food, forthcoming with the University of Hawai’i Press in April 2025. She is currently working on a book manuscript provisionally titled Bananapocalypse: Plantation Capitalism from Philippine Mindanao, which traces the afterlives of externalities in the making and unmaking of an industrial agricultural crop, drawing on approaches from such fields as anthropology, science and technology studies, human geography, and critical food studies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Underground Leviathan: Corporate Sovereignty and Mining in the Americas (U Nevada Press, 2024) explores the emergence, dynamics, and lasting impacts of a mining firm, the United States Company. Through its exercise of sovereign power across the borders of North America in the early twentieth century, the transnational US Company shaped the business, environmental, political, and scientific landscape. Between its initial incorporation in Maine in 1906 and its final demise in the 1980s, the mining company held properties in Utah, Colorado, California, Nevada, Alaska, Mexico, and Canada. The firm was a prototypical management-ruled corporation, which strategically planned and manipulated the technological, production, economic, urban, environmental, political, and cultural activities wherever it operated, all while shaping social actors internationally, including managers, engineers, workers, neighbours, and farmers. In this study, he aims to unearth the hidden relationships between communities that transcend national states. Throughout the book, the author points out how modern corporations are run by a kaleidoscope of interests and groups, and many of the issues they face are relevant today. Israel García Solares was born and raised in the Xochimilco neighbourhood of Mexico City. I studied for an undergraduate and master's in economics at Mexico's National University (UNAM) and a PhD in History at El Colegio de México. García Solares is currently an Assistant Professor at the Institute for Research in Applied Mathematics and Systems at UNAM, and his research focuses on the global history of technological actors in the 20th century. Learn more about your ad choices. Visit megaphone.fm/adchoices

When scholars and policymakers consider how technological advances affect the rise and fall of great powers, they draw on theories that center the moment of innovation—the eureka moment that sparks astonishing technological feats. In Technology and the Rise of Great Powers: How Diffusion Shapes Economic Competition (Princeton UP, 2024), Jeffrey Ding offers a different explanation of how technological revolutions affect competition among great powers. Rather than focusing on which state first introduced major innovations, he investigates why some states were more successful than others at adapting and embracing new technologies at scale. Drawing on historical case studies of past industrial revolutions as well as statistical analysis, Ding develops a theory that emphasizes institutional adaptations oriented around diffusing technological advances throughout the entire economy. Examining Britain’s rise to preeminence in the First Industrial Revolution, America and Germany’s overtaking of Britain in the Second Industrial Revolution, and Japan’s challenge to America’s technological dominance in the Third Industrial Revolution (also known as the “information revolution”), Ding illuminates the pathway by which these technological revolutions influenced the global distribution of power and explores the generalizability of his theory beyond the given set of great powers. His findings bear directly on current concerns about how emerging technologies such as AI could influence the US-China power balance. Our guest today is: Jeffrey Ding, an Assistant Professor of Political Science at Georgetown University. Our host is Eleonora Mattiacci, an Associate Professor of Political Science at Amherst College. She is the author of "Volatile States in International Politics" (Oxford University Press, 2023). Learn more about your ad choices. Visit megaphone.fm/adchoices

When the USSR collapsed in 1991, the world was certain that Communism was dead. Today, three decades later, it is clear that it was not. While Russia may no longer be Communist, Communism and sympathy for Communist ideas have proliferated across the globe. In To Overthrow the World: The Rise and Fall and Rise of Communism (Basic Books, 2024), Sean McMeekin investigates the evolution of Communism from a seductive ideal of a classless society into the ruling doctrine of tyrannical regimes. Tracing Communism's ascent from theory to practice, McMeekin ranges from Karl Marx's writings to the rise and fall of the USSR under Stalin to Mao's rise to power in China to the acceleration of Communist or Communist-inspired policies around the world in the twenty-first century. McMeekin argues, however, that despite the endurance of Communism, it remains deeply unpopular as a political form. Where it has arisen, it has always arisen by force. Blending historical narrative with cutting-edge scholarship, To Overthrow the World revolutionizes our understanding of the evolution of Communism--an idea that seemingly cannot die. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the spring of 1942 until the summer of 1944, some 45,000 Jewish men were forced to accompany Hungarian troops to the battle zone of the Soviet Union. Some 80% of the Jewish forced laborers never returned home. They fell prey to battle, starvation, disease, and grinding labor, aggravated immensely by brutality and even outright murder at the hands of the Hungarian soldiers responsible for them. Conscripted Slaves: Hungarian Jewish Forced Laborers on the Eastern Front During the Second World War (Yad Vashem, 2014) constitutes a unique and invaluable chapter in the mosaic of Holocaust history. The laborers’ personal accounts speak powerfully to every Jewish family that lived under Hungarian rule during the Holocaust years, because it is their own personal story, but it is not one to be kept in the family alone, since it is profoundly relevant to all people. Learn more about your ad choices. Visit megaphone.fm/adchoices

How a journey through Italy casts light on secrets, stereotypes, and the manipulation of information in eighteenth-century science. In 1749, the celebrated French physicist Jean-Antoine Nollet set out on a journey through Italy to solve an international controversy over the medical uses of electricity. At the end of his nine-month tour, he published a highly influential account of his philosophical battle with his Italian counterparts, discrediting them as misguided devotees of the marvelous. Paola Bertucci's In the Land of Marvels: Science, Fabricated Realities, and Industrial Espionage in the Age of the Grand Tour (Johns Hopkins UP, 2023) brilliantly reveals the mysteries of Nollet's journey, uncovering a subterranean world of secretive and ambitious intelligence gathering masked as scientific inquiry. The advent of electricity was a pivotal phenomenon not only in the history of physical experimentation, but also in the cultivation of popular scientific interest. Nollet's journey was supposedly inspired by the need to investigate, and subsequently report on, claims of the use of electrified "medicated tubes" by their Italian inventor Gianfrancesco Pivati. Motivated by economic interests in the silk industry, Nollet's journey was in fact an undercover mission commissioned by the French state to discover the secrets of Italian silk manufacture and possibly supplant its international success. The event that sparked the medical controversy—the unusual cure of a bishop—was a complete fabrication. Bertucci insightfully contrasts published accounts of the event with private documents and discusses how eighteenth-century scientists published fictional events and results to bolster their careers, ultimately leading to long-lasting misrepresentations of scientific practice and enduring stereotypes. In the Land of Marvels reveals the constellation of historical actors, from reputed physicists to travel writers and electrical amateurs, who manipulated information to gain authority and prestige. Paola Bertucci (NEW HAVEN, CT) is a professor in the department of history at Yale University. She is the author of the award-winning Artisanal Enlightenment: Science and the Mechanical Arts in Old Regime France. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

There was nothing inevitable or natural about the rise of US finance capitalism in the early twentieth century. In Dollars and Dominion: US Bankers and the Making of a Superpower, Mary Bridges shows how US foreign banking began as a side hustle of Gilded Age tycoons and evolved into a more staid, bureaucratized network for bolstering US influence overseas. The early waves of US bankers built a network of international branch banks that relied on the power of the US government, copied the example of British foreign bankers, and built new alliances with local elites. Overseas bank branches provided sites for experimentation in how to fuse US political will with local innovations and on-the-ground improvisation. In the process, branch bankers constructed a flexible and durable new infrastructure that supported the growth of US power abroad. Using details from ledger entries and other sources, Bridges shows how these branch bankers divided their local communities into groups of “us” and "them," either as potential clients or local populations. In doing so, they constructed a new architecture of US trade finance that relied on long-standing inequalities and hierarchies of privilege. Thus, ideas developed by wealthy white men became part of the enduring fabric of financial infrastructure. She also shows how bank branches could accommodate these hierarchies to make room for new ideas about serving local markets, in response to financial pressures of the 1920s and after the Great Depression cut off other avenues of growth. Bridges also tells the story of how US bankers created a market based on a new financial asset enabled by the Federal Reserve System called bankers' acceptance and began to collect vast amounts of foreign credit information. Related resources: Bankers and Empire: How Wall Street Colonized the Caribbean by Peter James Hudson Infrastructure Is Remaking Geopolitics: How Power Flows from the Systems That Connect the World by Mary Bridges Author recommended reading: Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Sean H. Vanatta The War Below: Lithium, Copper, and the Global Battle to Power Our Lives by Ernest Scheyder Hosted by Meghan Cochran Learn more about your ad choices. Visit megaphone.fm/adchoices

From the eighth to thirteenth centuries along China’s rugged southern periphery, trade in tribute articles and an interregional horse market thrived. These ties dramatically affected imperial China’s relations with the emerging kingdoms in its borderlands. Local chiefs before the tenth century had considered the control of such contacts an important aspect of their political authority. Rulers and high officials at the Chinese court valued commerce in the region, where rare commodities could be obtained and vassal kingdoms showed less belligerence than did northern ones. Trade routes along this Southwest Silk Road traverse the homelands of numerous non-Han peoples. In The Dong World and Imperial China's Southwest Silk Road: Trade, Security, and State Formation (University of Washington Press, 2024), James A. Anderson investigates the principalities, chiefdoms, and market nodes that emerged and flourished in the network of routes that passed through what James A. Anderson calls the "Dong world," a collection of Tai-speaking polities in upland valleys. The process of state formation that arose through trade coincided with the differentiation of peoples who were later labeled as distinct ethnicities. Exploration of this formative period at the nexus of the Chinese empire, the Dali kingdom, and the Vietnamese kingdom reveals a nuanced picture of the Chinese province of Yunnan and its southern neighbors preceding Mongol efforts to impose a new administrative order in the region. These communities shared a regional identity and a lively history of interaction well before northern occupiers classified its inhabitants as "national minorities" of China. Huiying Chen is an Assistant Professor in the Department of History at Purdue University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Annette Kehnel joins Jana Byars to talk about The Green Ages: Medieval Innovations in Sustainability (Brandeis University Press, 2024). A fascinating blend of history and ecological economics that uncovers the medieval precedents for modern concepts of sustainable living. In The Green Ages, historian Annette Kehnel explores sustainability initiatives from the Middle Ages, highlighting communities that operated a barter trade system on the Monte Subiaco in Italy, sustainable fishing at Lake Constance, common lands in the United Kingdom, transient grazing among Alpine shepherds in the south of France, and bridges built by crowdfunding in Avignon. Kehnel takes these medieval examples and applies their practical lessons to the modern world to prove that we can live sustainably--we've done it before! From the garden economy in the mythical-sounding City of Ladies to early microcredit banks, Kehnel uncovers a world at odds with our understanding of the typical medieval existence. Premodern history is full of inspiring examples and concepts ripe for rediscovery, and we urgently need them as today's challenges--finite resources, the twilight of consumerism, and growing inequality--threaten what we have come to think of as a modern way of living sustainably. This is a stimulating and revelatory look at a past that has the power to change our future. Learn more about your ad choices. Visit megaphone.fm/adchoices

In scholarly and popular discourse, popular sovereignty and self-determination are typically conceived of as the antitheses of imperialism, while histories of the emergence of democracy in Western Europe and its settler offshoots ignore the imperial setting of struggles for suffrage expansion and institutional change altogether. Democracy and Empire: Labor, Nature, and the Reproduction of Capitalism (Cambridge UP, 2023) casts doubt on both of these tendencies. My guest, Ines Valdez, argues that popular sovereignty in the global North contains an affective attachment to wealth that is secured through collective agreements to dominate others, a phenomenon she calls “self-and-other determination.” The book details how social reproduction in the US and Western Europe is enabled by the exploitation of racialized others who sacrifice their families and communities to perform arduous and poorly-paid menial jobs, only to be derided and oppressed by the populations who depend on their labor. It also shows how the political alienation from nature it wealthy countries is mediated by technology and enabled by a joint devaluation of nature and manual labor performed by racialized others. The book concludes with a theorization of anti-imperial popular sovereignty grounded in transnational movements and political relations that encompass nature. Ines Valdez is Associate Professor of political science at Johns Hopkins University. She is also the author of Transnational Cosmopolitianism: Kant, Dubois, and Justice as a Political Craft (Cambridge, 2019). Democracy and Empire is available open access here. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the Rockies to the Himalayas, the bond between horses and humans has spanned across time and civilizations. In this archaeological journey, William T. Taylor explores how momentous events in the story of humans and horses helped create the world we live in today. Tracing the horse's origins and spread from the western Eurasian steppes to the invention of horse-drawn transportation and the explosive shift to mounted riding, Taylor offers a revolutionary new account of how horses altered the course of human history. Drawing on Indigenous perspectives, ancient DNA, and new research from Mongolia to the Great Plains and beyond, Taylor guides readers through the major discoveries that have placed the horse at the origins of globalization, trade, biological exchange, and social inequality. Hoof Beats: How Horses Shaped Human History (U California Press, 2024) transforms our understanding of both horses and humanity's ancient past and asks us to consider what our relationship with horses means for the future of humanity and the world around us. Sarah Newman is an archaeologist and Assistant Professor of Anthropology at the University of Chicago. Her research explores long-term human-environmental interactions, including questions of waste and reuse, processes of landscape transformation, and relationships between humans and other animals. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the aftermath of the First World War the Western great powers sought to redefine international norms according to their liberal vision. They introduced Western-led multilateral organizations to regulate cross-border flows which became pivotal in the making of an interconnected global order. In contrast to this well-studied transformation, in Against the Liberal Order: The Soviet Union, Turkey, and Statist Internationalism, 1919-1939 (Oxford University Press, 2024), Samuel Hirst considers in detail for the first time the responses of the defeated interwar Soviet Union and early Republican Turkey who challenged this new order with a reactive and distinctly state-led international politics. As Mustafa Kemal Atatürk took up arms in 1920 to overturn the terms of the Paris settlement, Vladimir Lenin provided military and economic aid as part of a partnership that both sides described as anti-imperialist. Over the course of the next two decades, the Soviet and Turkish states coordinated joint measures to accelerate development in spheres ranging from aviation to linguistics. Most importantly, Soviet engineers and architects helped colleagues in Ankara launch a five-year plan and build massive state-owned factories to produce textiles and replace Western imports. Whilst the Kemalists' cooperation with the Bolsheviks has often been described as pragmatic, this book demonstrates that Moscow and Ankara actually came together in an ideological convergence rooted in anxiety about underdevelopment relative to the West, gradually arriving at statist internationalism as an alternative to Western liberal internationalism. Drawing on extensive archival research and offering an often-ignored and non-Western perspective on the history of international relations and diplomacy, Against the Liberal Order presents a novel interpretation of the international order of the interwar period that crosses the borders of historical disciplines and contributes to questions of current concern in world politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

How the CIA used American unions to undermine workers at home and subvert democracy abroad. Blue Collar Empire: The Untold Story of U.S. Labor’s Global Anticommunist Crusade (Verso, 2024) tells the shocking story of the AFL-CIO's global anticommunist crusade--and its devastating consequences for workers around the world. Unions have the power not only to secure pay raises and employee benefits but to bring economies to a screeching halt and overthrow governments. Recognizing this, in the late twentieth century, the US government sought to control labor movements abroad as part of the Cold War contest for worldwide supremacy. In this work, Washington found an enthusiastic partner in the AFL-CIO's anticommunist officials, who, in a shocking betrayal, for decades expended their energies to block revolutionary ideologies and militant class consciousness from taking hold in the workers' movements of Europe, Latin America, Africa, and Asia. Jeff Schuhrke is a labor historian, journalist, union activist, and assistant professor at the Harry Van Arsdale Jr. School of Labor Studies, SUNY Empire State University in New York City. He is a frequent contributor to In These Times and Jacobin, and his scholarship has been published in Diplomatic History and Labor: Studies in Working-Class History. Learn more about your ad choices. Visit megaphone.fm/adchoices

State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kingdom. Ian Williams, a long-standing reporter on China, has a new argument in Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024). Rules and agreements mean little. Markets are distorted, statistics fabricated, foreign industrial secrets and technology systematically stolen. Companies and entrepreneurs, at home and abroad, are bullied – often with the collusion of the victims themselves. The Party is in every boardroom and lab, with businesses thriving or dying at its will. All this is part of realising President Xi Jinping’s ambition of China becoming the world’s pre-eminent economic, technological and military power. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Collectivization and Social Engineering: Soviet Administration and the Jews of Uzbekistan, 1917-1939 (Brill, 2015), Zeev Levin seeks to provide a comprehensive picture of government efforts to socialize the Jewish masses in Uzbekistan, a process in which the central Soviet government took part, together with the local, republican and regional administrations and Soviet Jewish activists. This research presents a chapter in the history of the Jews in Uzbekistan, as well as contributing to the study of the socialization process of the Jewish population in the USSR in general. It also contributes to the study of relations among political and government bodies and decision makers. The study is based on archival documents and provides a unique glance at the implementation of Soviet nationalities policy towards Bukharan Jews while comparing it to other national minority groups in Uzbekistan. Learn more about your ad choices. Visit megaphone.fm/adchoices

At Home with the Poor: Consumer Behaviour and Material Culture in England, c.1650-1850 (Manchester UP, 2024) by Dr. Joseph Harley opens the doors to the homes of the forgotten poor and traces the goods they owned before, during and after the industrial revolution (c. 1650-1850). Using a vast and diverse range of sources, it gets to the very heart of what it meant to be 'poor' by examining the homes of the impoverished and mapping how numerous household goods became more widespread. As the book argues, poverty did not necessarily equate to owning very little and living in squalor. In fact, its novel findings show that most of the poor strove to improve their domestic spheres and that their demand for goods was so great that it was a driving force of the industrial revolution. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Who runs Britain? In Born to Rule: The Making and Remaking of the British Elite (Harvard UP, 2024), Aaron Reeves, and Sam Friedman, both Professors of Sociology at the London School of Economics, tell the story of the UK’s ruling class. The book blends a huge range of qualitative and quantitative data, and uses innovative sociological methods, to offer a historically informed understanding of how those at the top of society preserve their status and privileges. Examining inequalities of race and gender, as well as social class, alongside the enduring impact of Britain’s imperial past, Born to Rule is essential reading for anyone interested in Britain’s past, present and future. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America (U Chicago Press, 2024), Andrew W. Kahrl uncovers the history of inequitable and predatory tax laws in the United States. He examines the structural traps within America’s tax system that have forced Black Americans to pay more for less despite being taxpayers with fewer resources compared to white taxpayers. Kahrl exposes these practices, From Reconstruction up to the present, Kahrl exposes these practices to describe how discrimination continues to take new forms, even as people continue to fight for their rights, their assets, and their power. Dr. N’Kosi Oates is a curator. He earned his Ph.D. in Africana Studies at Brown University. Find him on Twitter at DrNKosiOates. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the twenty-first century, infrastructure has undergone a seismic shift from West to East. Once concentrated in Europe and North America, global infrastructure production today is focused squarely on Asia. Infrastructure and the Remaking of Asia (U Hawaii Press, 2022) investigates the deeper implications of that pivot to the East. Written by leading international infrastructure experts, it demonstrates how new roads, airports, pipelines, and cables are changing Asian economies, societies, and geopolitics—from the Bosporus to Beijing, and from Indonesia to the Arctic. Ten tightly interwoven case studies powerfully illustrate infrastructure’s leading role in three global paradigm shifts: climate change, digitalization, and China’s emergence as a superpower. Combining social science methods with mapping techniques from the design professions, Infrastructure and the Remaking of Asia establishes a dialogue between academic research on infrastructure and the professional insights of those responsible for infrastructure’s planning, production, and operation. By applying that mixed method to transport, energy, telecommunication, and resource extraction projects across Asia, the book synthesizes research on infrastructure from six academic fields, while making those insights accessible to a wider audience of students, professionals, and the general public. Max Hirsh is managing director of the Airport City Academy and a research fellow at the University of Colorado Boulder. He holds a PhD in urban planning from Harvard and is the author of Airport Urbanism: Infrastructure and Mobility in Asia. Max's research investigates the relationship between air travel and urban form. Till Mostowlansky is a Research Professor in the Department of Anthropology and Sociology at the Geneva Graduate Institute and the Principal Investigator of the Swiss National Science Foundation funded project “Quiet Aid: Service and Salvation in the Balkans-to-Bengal-Complex”. He is currently a Visiting Professor at the Kyiv School of Economics. Yadong Li is a PhD student in anthropology at Tulane University. His research interests lie at the intersection of the anthropology of state, the anthropology of time, hope studies, and post-structuralist philosophy. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the heyday of Hollywood’s studio system, stars were carefully cultivated and promoted, but at the price of their independence. This familiar narrative of Hollywood stardom receives a long-overdue shakeup in Emily Carman’s new book. Far from passive victims of coercive seven-year contracts, a number of classic Hollywood’s best-known actresses worked on a freelance basis within the restrictive studio system. In leveraging their stardom to play an active role in shaping their careers, female stars including Irene Dunne, Janet Gaynor, Miriam Hopkins, Carole Lombard, and Barbara Stanwyck challenged Hollywood’s patriarchal structure. Through extensive, original archival research, Independent Stardom: Freelance Women in the Hollywood Studio System (U Texas Press, 2016) uncovers this hidden history of women’s labor and celebrity in studio-era Hollywood. Carman weaves a compelling narrative that reveals the risks these women took in deciding to work autonomously. Additionally, she looks at actresses of color, such as Anna May Wong and Lupe Vélez, whose careers suffered from the enforced independence that resulted from being denied long-term studio contracts. Tracing the freelance phenomenon among American motion picture talent in the 1930s, Independent Stardom rethinks standard histories of Hollywood to recognize female stars as creative artists, sophisticated businesswomen, and active players in the then (as now) male-dominated film industry. Peter C. Kunze is an assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

After close to three decades of the hegemony of free market ideas, the state has made a big comeback as an economic actor since the 2008 financial crisis. China’s state-owned companies and international financial institutions have made headlines for their growing influence in the world economy. State-backed investment vehicles based in the Gulf states have made high-profile investments in global real estate markets and professional sports, while their state-owned firms have become world leaders in the logistics and natural resource sectors. Governments around the world – including in the heartlands of advanced capitalism – have promoted the interests of ‘national champion’ companies in strategic economic sectors, bailed out financial institutions by taking toxic assets off of their balance sheets, and implemented industrial policies with the aim of moving into the most profitable segments of global value chains. What accounts for this renewed prominence of states in global capitalism? Does the increased activism of states mark the end of neoliberal hegemony? And how do contemporary state-led economic initiatives compare to the heyday of Keynesian and developmentalist policy agendas in the decades immediately following World War II? The book that we are discussing today, The Spectre of State Capitalism (Oxford UP, 2024) by Ilias Alami and Adam Dixon, marks the culmination of a highly productive research project that the authors have led on the compulsions and constraints that shape the ‘new’ state capitalism. The book aims to challenge narratives that pathologize state capitalism as an authoritarian deviation from the ‘normal’ course of free market capitalism while also showing how new forms of state activism depart from earlier models of state-led development. Ilias Alami is a University assistant professor in the political economy of development at Cambrdige University. His previous book is Money Power and Financial Capital in Emerging Markets (2019). Adam Dixon holds the Adam Smith Chair in Sustainable Capitalism at Heriot Watt University’s Ediburgh Business School. He is the author of several books, most recently Sovereign Wealth Funds: Between States and Markets (2022). This book is available open access here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The achievement of Singapore’s national public housing program is impressive by any standard. Within a year of its first election victory in 1959, the People's Action Party began to deliver on its promises in dramatic fashion. By the 1980s, 85 percent of the population had been rehoused in modern flats, and today, decades later, the provision of public housing shapes Singapore's environment. The standard accounts of this remarkable transformation leave many questions unanswered, from the historical to urgent matters of current policy: Why, of all the pressing demands of Singapore's newly enfranchised citizens, was housing such a priority back in the 1960s? How did the provision of social welfare via public housing shape Singapore's industrialisation and development over the last 50 years? Looking ahead, can the HDB continue to be a source of affordable housing for young families, while long-standing appreciation in flat prices provides for the retirement of their parents? How can this be managed as 99-year leases on flats run down? When young people from wealthy families purchase subsidised flats and then resell them for a profit as soon as they can, what does that do for the already pressing issues of inequality in Singapore? Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing (NUS Press, 2024) is a culmination of Dr. Chua Beng Huat's study of Singapore's public housing system, its dynamics, and the ways it functions in Singapore's politics. Does every great success hold within it the seeds of failure? The book will be of interest to citizens, and scholars of the political economy of Asian development, of social welfare provision, and of Singapore. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Karl Marx (1818-1883) was living in exile in England when he embarked on an ambitious, multivolume critique of the capitalist system of production. Though only the first volume saw publication in Marx's lifetime, it would become one of the most consequential books in history. This magnificent new edition of Capital (Princeton UP, 2024) is a translation of Marx for the twenty-first century. It is the first translation into English to be based on the last German edition revised by Marx himself, the only version that can be called authoritative, and it features extensive commentary and annotations by Paul North and Paul Reitter that draw on the latest scholarship and provide invaluable perspective on the book and its complicated legacy. At once precise and boldly readable, this translation captures the momentous scale and sweep of Marx's thought while recovering the elegance and humor of the original source. For Marx, our global economic system is relentlessly driven by "value"--to produce it, capture it, trade it, and, most of all, to increase it. Lifespans are shortened under the demand for ever-greater value. Days are lengthened, work is intensified, and the division of labor deepens until it leaves two classes, owners and workers, in constant struggle for life and livelihood. In Capital, Marx reveals how value came to tyrannize our world, and how the history of capital is a chronicle of bloodshed, colonization, and enslavement. With a foreword by Wendy Brown and an afterword by William Clare Roberts, this is a critical edition of Capital for our time, one that faithfully preserves the vitality and directness of Marx's German prose and renders his ideas newly relevant to modern readers. An audiobook narrated by Simon Vance is available here. Learn more about your ad choices. Visit megaphone.fm/adchoices

China today positions itself as a model of state-led environmentalism. On the country’s arid rangelands, grassland conservation policies have targeted pastoralists and their animals, blamed for causing desertification. State environmentalism - in the form of grazing bans, enclosure, and resettlement - has transformed the lives of many ethnic minority herders in China’s western borderlands. However, this book shows how such policies have been contested and negotiated on the ground, in the context of the state’s intensifying nation-building project. Drawing on ethnographic fieldwork in Alasha, in the far west of China’s Inner Mongolia Autonomous Region, Thomas White describes how ethnic Mongols have foregrounded the local breed of Bactrian camel, mobilizing ideas of heritage and resource conservation to defend pastoralism. In exploring how the greening of the Chinese state affects the entangled lives of humans and animals at the margins of the nation-state, this study is both a political biography of the Bactrian camel and an innovative work of political ecology addressing critical questions of rural livelihoods, conservation, and state power. Thomas White is lecturer in China and Sustainable Development at the Lau China Institute, King’s College London. His research interests include China’s borderlands, political ecology, infrastructure, and Sino-Mongolian relations. China's Camel Country: Livestock and Nation-Building at a Pastoral Frontier (U Washington Press, 2024) is his first monograph. Yadong Li is a PhD student in anthropology at Tulane University. His research interests lie at the intersection of the anthropology of state, the anthropology of time, hope studies, and post-structuralist philosophy. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlike a flood or fire, a the Farming Crisis of the 1980s did not have a set beginning of ending. Rather, it was a rolling, often invisible, disaster that could be easy to ignore if you lived in towns or cities, even within the West and Midwest. Yet, in places like rural Iowa, the impacts of this complex crisis were devastating and indeed, ongoing even today. In When a Dream Dies: Agriculture, Iowa, and the Farm Crisis of the 1980s (UP of Kansas, 2022), emininet Iowa State historian Pamela Riney-Kehrberg explains the roots, details, and impacts of the farm crisis on 1970s and 1980s Iowa. Riney-Kehrberg focuses in particular on the mental and psychological effects of this slow disaster on family farmers themselves, with an emphasis on the psychic damage caused by farm closure which contributed to a rash of murders, suicides, and mental health crises across the state. Among the first book-length studies of the 1980s Farm Crisis, When a Dream Dies shows how the disconnect between rural and urban America was both caused, and deepened, in the crucible of debt, banking, and bankrupt farms during the Reagan years. Learn more about your ad choices. Visit megaphone.fm/adchoices

A masterful account of the global Cold War’s decisive influence on Soviet economic reform, and the national decay that followed. What brought down the Soviet Union? From some perspectives the answers seem obvious, even teleological—communism was simply destined to fail. When Yakov Feygin studied the question, he came to another conclusion: at least one crucial factor was a deep contradiction within the Soviet political economy brought about by the country’s attempt to transition from Stalinist mass mobilization to a consumer society. Building a Ruin: The Cold War Politics of Soviet Economic Reform (Harvard UP, 2024) explores what happened in the Soviet Union as institutions designed for warfighting capacity and maximum heavy industrial output were reimagined by a new breed of reformers focused on “peaceful socioeconomic competition.” From Khrushchev on, influential schools of Soviet planning measured Cold War success in the same terms as their Western rivals: productivity, growth, and the availability of abundant and varied consumer goods. The shift was both material and intellectual, with reformers taking a novel approach to economics. Instead of trumpeting their ideological bona fides and leveraging their connections with party leaders, the new economists stressed technical expertise. The result was a long and taxing struggle for the meaning of communism itself, as old-guard management cadres clashed with reformers over the future of central planning and the state’s relationship to the global economic order. Feygin argues that Soviet policymakers never resolved these tensions, leading to stagnation, instability, and eventually collapse. Yet the legacy of reform lingers, its factional dynamics haunting contemporary Russian politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2010, Isabel Wilkerson spoke to the Institute about the fifteen years she spent reporting and writing her book, The Warmth of Other Suns: The Epic Story of America's Great Migration (Knopf, 2010). The book won the 2010 National Book Critics Circle Award for Nonfiction, In 1994, Wilkerson was the New York Times Chicago Bureau Chief when she won the Pulitzer Prize for her profile of a fourth-grader from Chicago's South Side, and for two stories on the Midwestern floods of 1993. She was the first woman of African-American heritage to win the Pulitzer Prize in journalism. Her 2020 book Caste: The Origins of Our Discontents argues that racial stratification in the United States is best understood as a caste system, akin to those in India and in Nazi Germany She has taught at Princeton, Emory and Boston universities. Learn more about your ad choices. Visit megaphone.fm/adchoices

Behavioral scientist Alison Fragale offers powerful new insights and a practical playbook for women to advance in any workplace, full of tips, tricks, and strategies to help secure that elusive corner office. Over decades of research, speaking engagements, and mentorship, psychologist and professor Alison Fragale encountered recurring questions from high powered and early career women alike: How do women thread the needle of kindness and competence in the workplace? How can women earn credit for their accomplishments, negotiate better, and navigate complex office politics without losing the goodwill of their peers? Fragale investigated and determined that many women's workplace issues boil down to what psychologists call status: the perception of them by others. No amount of power-- no degree, title, or paycheck-- will raise a woman's workplace stature unless it also affects how others see her. Acknowledging this roadblock, Fragale pulls back the curtain on how we can change how others see us by developing our standing as a "likeable badass." By cultivating perceptions of warmth and assertiveness, women can achieve the kind of reputation that leads to a seat at the table and a fulfilling career path. Likeable Badass: The New Science of Successful Women (Doubleday Books, 2024) is equal parts behavioral science and life hacks, weaving together rigorous research with actionable advice and impactful stories from a diverse array of women. This is a warm, heartening book written for women, their allies, and anyone who struggles to rise, and wants evidence-based, practical strategies for success, served with a side of inspiration and humor. Learn more about your ad choices. Visit megaphone.fm/adchoices

After reading David Chaffetz’s newest book, you’d think that the horse–not oil–has been humanity’s most important strategic commodity. As David writes in his book Raiders, Rulers and Traders: The Horse and the Rise of Empires (Norton, 2024), societies in Central Asia grew powerful on the backs of strong herds of horses, giving them a military and an economic advantage against their horse-less neighbors. Persia, India and China all burned cash trying to sustain their own herds of horses–-with little success. And it all starts from humble beginnings: Horses domesticated for their milk, too small for anyone but children to ride. David Chaffetz, regular Asian Review of Books contributor, member of the Royal Society for Asian Affairs, and author of A Journey through Afghanistan and Three Asian Divas, has traveled extensively in Asia for more than forty years. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Raiders, Rulers and Traders. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices