New Books in Economic and Business History

Imperial Wine: How the British Empire Made Wine’s New World (University of California Press, 2022) by Dr. Jennifer Regan-Lefebvre is a bold, rigorous and award-winning history of Britain’s surprising role in creating the wine industries of Australia, South Africa, and New Zealand. Dr. Regan-Lefebvre bridges the genres of global commodity history and imperial history, presenting provocative new research in an accessible narrative. This is the first book to argue that today’s global wine industry exists as a result of settler colonialism and that imperialism was central, not incidental, to viticulture in the British colonies. Wineries were established almost immediately after the colonisation of South Africa, Australia, and New Zealand as part of a civilising mission: tidy vines, heavy with fruit, were symbolic of Britain’s subordination of foreign lands. Economically and culturally, nineteenth-century settler winemakers saw the British market as paramount. However, British drinkers were apathetic towards what they pejoratively called "colonial wine." The tables only began to turn after the First World War, when colonial wines were marketed as cheap and patriotic and started to find their niche among middle- and working-class British drinkers. This trend, combined with social and cultural shifts after the Second World War, laid the foundation for the New World revolution in the 1980s, making Britain into a confirmed country of wine-drinkers and a massive market for New World wines. These New World producers may have only received critical acclaim in the late twentieth century, but Imperial Wine shows that they had spent centuries wooing, and indeed manufacturing, a British market for inexpensive colonial wines. This book is sure to satisfy any curious reader who savours the complex stories behind this commodity chain. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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 Properties of Empire: Indians, Colonists, and Land Speculators on the New England Frontier (NYU Press, 2019), Ian Saxine, Visiting Assistant Professor of History at Bridgewater State University, shows the dynamic relationship between Native and English systems of property on the turbulent edge of Britain’s empire, and how so many colonists came to believe their prosperity depended on acknowledging Indigenous land rights. As absentee land speculators and hardscrabble colonists squabbled over conflicting visions for the frontier, Wabanaki Indians’ unity allowed them to forcefully project their own interpretations of often poorly remembered old land deeds and treaties. The result was the creation of a system of property in Maine that defied English law, and preserved Native power and territory. Eventually, ordinary colonists, dissident speculators, and grasping officials succeeded in undermining and finally destroying this arrangement, a process that took place in councils and courtrooms, in taverns and treaties, and on battlefields. Properties of Empire challenges assumptions about the relationship between Indigenous and imperial property creation in early America, as well as the fixed nature of Indian “sales” of land, revealing the existence of a prolonged struggle to re-interpret seventeenth-century land transactions and treaties well into the eighteenth century. The ongoing struggle to construct a commonly agreed-upon culture of landownership shaped diplomacy, imperial administration, and matters of colonial law in powerful ways, and its legacy remains with us today. Ryan Tripp is adjunct history faculty for the College of Online and Continuing Education at Southern New Hampshire University. Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a popular folk hero in Puebla, Mexico—Catarina de San Juan, who Mexicans hailed as a devoted religious figure after her death in 1688. She’s credited with creating the China Poblana dress, a connection of dubious historical veracity made several centuries after her death. But Catarina is one of Mexico’s most famous “chinos”—despite the fact that she was likely from India, not China. In fact, any Asian that disembarked in Mexico, whether from China, Japan, the Philippines, India, or even further away, was called “chino.” It was not a particularly beneficial classification: “Chinos,” under Spanish law, could be enslaved; “Indios,” or indigenous populations, could not. That’s just one part of Diego Luis’s historical investigation into the first Asians in the Americas in a book titled, appropriately, The First Asians in the Americas: A Transpacific History (Harvard University Press: 2024). Diego Javier Luis is Assistant Professor of History at Tufts University. Today, Diego and I talk about Asians in the Spanish Empire, both in the Philippines and in Mexico, and some of the interesting ways that these first Asians tried to push back against their oppressors. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The First Asians in the Americas. 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

We begin this new season of International Horizons with an interview by RBI Director John Torpey with Neta Crawford from Oxford University and the Cost of War Project. Prof. Crawford argues that conflict is less lethal than in the past, although the overall costs of war exceed the duration of previous wars in many dimensions. The conversation delves into the possibilities of a conflict with China and Crawford's concern that the U.S's overreaction to the Chinese challenge could be extremely perilous. That said, misperceptions and misconceptions of the so-called "China threat" can be mitigated through diplomatic exchanges. Finally, Professor Crawford discusses the costs of the ongoing conflict in the Middle East, arguing that war has both domestic and external causes and consequences – a point that needs to be better understood when we think about war today. International Horizons is a podcast of the Ralph Bunche Institute for International Studies that brings scholarly expertise to bear on our understanding of international issues. John Torpey, the host of the podcast and director of the Ralph Bunche Institute, holds conversations with prominent scholars and figures in state-of-the-art international issues in our weekly episodes. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Gift: How Objects of Prestige Shaped the Atlantic Slave Trade and Colonialism (Cambridge University Press, 2023) explores how objects of prestige contributed to cross-cultural exchanges between Africans and Europeans during the Atlantic slave trade. An eighteenth-century silver ceremonial sword, commissioned in the port of La Rochelle by French traders, was offered as a gift to an African commercial agent in the port of Cabinda (Kingdom of Ngoyo), in twenty-first century Angola. Slave traders carried this object from Cabinda to Abomey, the capital of the Kingdom of Dahomey in twenty-first century's Republic of Benin, from where French officers looted the item in the late nineteenth century. Drawing on a rich set of sources in French, English, and Portuguese, as well as artifacts housed in museums across Europe and the Americas, Ana Lucia Araujo illuminates how luxury objects impacted European-African relations, and how these economic, cultural, and social interactions paved the way for the European conquest and colonization of West Africa and West Central Africa. Ana Lucia Araujo is a Professor of History at Howard University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

There is a familiar narrative about American suburbs: after 1945, white residents left cities for leafy, affluent subdivisions and the prosperity they seemed to embody. In Levittown’s Shadow: Poverty in America’s Wealthiest Postwar Suburb (U Chicago Press, 2023) tells us there's more to this story, offering an eye-opening account of diverse, poor residents living and working in those same neighborhoods. Tim Keogh shows how public policies produced both suburban plenty and deprivation--and why ignoring suburban poverty doomed efforts to reduce inequality. Keogh focuses on the suburbs of Long Island, home to Levittown, often considered the archetypal suburb. Here military contracts subsidized well-paid employment welding airplanes or filing paperwork, while weak labor laws impoverished suburbanites who mowed lawns, built houses, scrubbed kitchen floors, and stocked supermarket shelves. Federal mortgage programs helped some families buy orderly single-family homes and enter the middle class but also underwrote landlord efforts to cram poor families into suburban attics, basements, and sheds. Keogh explores how policymakers ignored suburban inequality, addressing housing segregation between cities and suburbs rather than suburbanites' demands for decent jobs, housing, and schools. By turning our attention to the suburban poor, Keogh reveals poverty wasn't just an urban problem but a suburban one, too. In Levittown's Shadow deepens our understanding of suburbia's history--and points us toward more effective ways to combat poverty today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Between Romania's entry into World War II in 1941 and the ouster of dictator Ion Antonescu three years later, over 105,000 Jews were forced to work in internment and labor camps, labor battalions, government institutions, and private industry. Particularly for those in the labor battalions, this period was characterized by extraordinary physical and psychological suffering, hunger, inadequate shelter, and dangerous or even deadly working conditions. And yet the situation that arose from the combination of Antonescu's paranoias and the peculiarities of the Romanian system of forced-labor organization meant that most Jewish laborers survived. Jewish Forced Labor in Romania, 1940-1944 (Indiana UP, 2020) explores the ideological and legal background of this system of forced labor, its purpose, and its evolution. Author Dallas Michelbacher examines the relationship between the system of forced labor and the Romanian government's plans for the "solution to the Jewish question." In doing so, Michelbacher highlights the key differences between the Romanian system of forced labor and the well-documented use of forced labor in Nazi Germany and neighboring Hungary. Jewish Forced Labor in Romania explores the internal logic of the Antonescu regime and how it balanced its ideological imperative for antisemitic persecution with the economic needs of a state engaged in total war whose economy was still heavily dependent on the skills of its Jewish population. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can we predict the future? In The Will to Predict: Orchestrating the Future Through Science (Cornell UP, 2023), Eglė Rindzevičiūtė, an Associate Professor of Criminology and Sociology at Kingston University, tells the story of Soviet and Post-Soviet attempts to order economy and society using a variety of scientific and management techniques. The analysis is wide ranging, demonstrating the contemporary importance, as well as the historical context, of prediction and its associated intellectual and governmental champions. Rich with details, as well as accessible and fascinating, the book is essential reading across history and the social sciences, as well as for anyone interested in how we know the past present and future of the modern world. Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Manchester. Learn more about your ad choices. Visit megaphone.fm/adchoices

California’s wine country conjures images of pastoral vineyards and cellars lined with oak barrels. As a mainstay of the state’s economy, California wines occupy the popular imagination like never before and drive tourism in famous viticultural regions across the state. Scholars know remarkably little, however, about the history of the wine industry and the diverse groups who built it. In fact, contemporary stereotypes belie how the state’s commercial wine industry was born amid social turmoil and racialized violence in eighteenth- and nineteenth-century California. In The Grapes of Conquest: Race, Labor, and the Industrialization of California Wine, 1769–1920 (University of Nebraska Press, 2023) Dr. Julia Ornelas-Higdon addresses these gaps in the historical narrative and popular imagination. Beginning with the industry’s inception at the California missions, Dr. Ornelas-Higdon examines the evolution of wine growing across three distinct political regimes—Spanish, Mexican, and American—through the industry’s demise after Prohibition. This interethnic study of race and labour in California examines how California Natives, Mexican Californios, Chinese immigrants, and Euro-Americans came together to build the industry. Dr. Ornelas-Higdon identifies the birth of the wine industry as a significant missing piece of California history—one that reshapes scholars’ understandings of how conquest played out, how race and citizenship were constructed, and how agribusiness emerged across the region. The Grapes of Conquest unearths the working-class, multiracial roots of the California wine industry, challenging its contemporary identity as the purview of elite populations. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

Why do so many contemporary Chinese artists use porcelain in their work? How do artists make sense of the legacy that porcelain has in China, and how do they use it to transmit ideas about China, Chinese art, and Chinese culture? In New Export China: Translations across Time and Place in Contemporary Chinese Porcelain Art (University of California Press, 2023), Alex Burchmore explores the place of ceramics in the work of four artists: Liu Jianhua, Ai Weiwei, Ah Xian, and Sin-ying Ho. By unpacking the history of porcelain production and export in China, the way artists make use of the unique features of ceramics, and the global reception of ceramics, Burchmore effectively demonstrates why understanding ceramics is central to understanding Chinese contemporary art. Filled with wonderfully nuanced readings of artworks and equally beautiful images, this book is sure to be of interest to readers looking to learn more about contemporary art and porcelain, and anyone looking to think about phrases like "Chinese art" and "mass production" in new ways. Sarah Bramao-Ramos is a Research Assistant Professor at the Society of Fellows in the Humanities at the University of Hong Kong. She can be reached at [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

The East India Company was a unique entity in world history: More than just a commercial enterprise, the Company tried to act as its own government. Not many at the time–whether legislators or company officials in London, and certainly not Indian people—though this was a great idea. As Joshua Ehrlich notes in his book The East India Company and the Politics of Knowledge (Cambridge University Press: 2023), the Company hit upon a novel justification for its work: It was committed to the pursuit of knowledge, and that was why it needed to merge commercial and political power. In this interview, Josh and I talk about the East India Company, how it tried to make “knowledge” part of its responsibility, and how the “politics of knowledge” are still relevant today. Joshua Ehrlich is an award-winning historian of knowledge and political thought with a focus on the East India Company and the British Empire in South and Southeast Asia. Currently Assistant Professor of History at the University of Macau, he received his PhD and MA from Harvard University and his BA from the University of Chicago. Ehrlich’s many articles have appeared in journals including Past & Present, The Historical Journal, Modern Asian Studies, and Modern Intellectual History. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The East India Company and the Politics of Knowledge. 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

Drawing on historical institutionalism and interpretive tools of international law, Transforming International Institutions: How Money Quietly Sidelined Multilateralism at The United Nations (Oxford University Press, 2023) Dr. Erin Graham provides a novel theory of uncoordinated change over time. The book illuminates how a slow, quiet, subterranean process can produce big, radical change in international institutions and organisations. It highlights how early participants in a process who do not foresee the transformative potential of their acts, but nonetheless enable subsequent actors to push change in new directions to profound effect. Dr. Graham deploys this to explain how changes in UN funding rules in the 1940s and 1960s—perceived as small and made to solve immediate political disagreements—ultimately sidelined multilateral governance at the United Nations in the twenty-first century. The perception of funding rules as marginal to fundamental principles of governance, and the friendly orientation of change-initiators toward the UN, enabled this quiet transformation. Challenging the UN's reputation for rigidity and its status as a bastion of egalitarian multilateralism, Transforming International Institutions demonstrates that the UN system is susceptible to subtle change processes and that its egalitarian multilateralism governs only a fraction of the UN's operational work. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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 this first environmental history of Italian fascism, Marco Armiero, Roberta Biasillo, and Wilko Graf von Hardenberg reveal that nature and fascist rhetoric are inextricable. Mussolini's Nature explores fascist political ecologies, or rather the practices and narratives through which the regime constructed imaginary and material ecologies functional to its political project. Mussolini's Nature: An Environmental History of Italian Fascism (MIT Press, 2022) does not pursue the ghost of a green Mussolini by counting how many national parks were created during the regime or how many trees planted. Instead, the reader is trained to recognize fascist political ecology in Mussolini's speeches, reclaimed landscapes, policies of economic self-sufficiency, propaganda documentaries, reforested areas, and in the environmental transformation of its colonial holdings. The authors conclude with an examination of the role of fascist landscapes in the country's postwar reconstruction: Mussolini's nature is still visible today through plaques, monuments, toponomy, and the shapes of landscapes. This original, and surprisingly intimate, environmental history is not merely a chronicle of conservation in fascist Italy but also an invitation to consider the socioecological connections of all political projects. Learn more about your ad choices. Visit megaphone.fm/adchoices

Monte Carlo and Las Vegas have become synonymous with casino gambling. Both destinations featured it as part of a broad variety of leisure and consumption opportunities that normalized games of chance and created emotional atmospheres that supported the hedonistic aspects of gambling. Urban spaces and architecture were carefully designed to enable a rapid growth of the casino industry and produce experiences on previous unimaginable scale. Feeling Lucky: The Production of Gambling Experiences in Monte Carlo and Las Vegas (Palgrave Macmillan, 2023) is a "making of" story about cities which acquired a strange and captivating allure of mystery around them. It is more than a mere descriptive account, however. Combining urban history, the history of consumption, and sociological approaches it presents a compelling comparative history of Monte Carlo and the Las Vegas Strip between the 1860s and 1970s. Paul Franke takes the reader on a journey from arriving at the cities, through the carefully planned urban environments and into the famous casinos. The analysis follows the paths contemporary gamblers would have taken, right to the gambling tables and to the shifting gambling practices across a century. Franke shows that casino entrepreneurs succeeded in producing and selling gambling experiences by controlling spaces, adapt leisure practices and appeal to specific markets. Gamblers on the other hand regarded Monte Carlo and Las Vegas as places to engage in games of chance that would allow them to preserve their political, cultural, and moral identities. Shu Wan is currently matriculated as a doctoral student in history at the University at Buffalo. As a digital and disability historian, he serves in the editorial team of Digital Humanities Quarterly and Nursing Clio. On Twitter: @slissw. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Week: A History of the Unnatural Rhythms that Made Us who We are (Yale UP, 2021) is an investigation into the evolution of the seven-day week and how our attachment to its rhythms influences how we live. We take the seven-day week for granted, rarely asking what anchors it or what it does to us. Yet weeks are not dictated by the natural order. They are, in fact, an artificial construction of the modern world. With meticulous archival research that draws on a wide array of sources―including newspapers, restaurant menus, theater schedules, marriage records, school curricula, folklore, housekeeping guides, courtroom testimony, and diaries―David Henkin reveals how our current devotion to weekly rhythms emerged in the United States during the first half of the nineteenth century. Reconstructing how weekly patterns insinuated themselves into the social practices and mental habits of Americans, Henkin argues that the week is more than just a regimen of rest days or breaks from work, but a dominant organizational principle of modern society. Ultimately, the seven-day week shapes our understanding and experience of time. David M. Henkin is Margaret Byrne Professor of History at the University of California, Berkeley. His previous books include The Postal Age, City Reading, and (with Rebecca McLennan) Becoming America: A History for the 21st Century. He lives in San Francisco, CA, and Bozeman, MT. 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

The poignant saga of Guatemala's adoption industry: an international marketplace for children, built on a foundation of inequality, war, and Indigenous dispossession. In 2009 Dolores Preat went to a small Maya town in Guatemala to find her birth mother. At the address retrieved from her adoption file, she was told that her supposed mother, one Rosario Colop Chim, never gave up a child for adoption--but in 1986 a girl across the street was abducted. At that house, Preat met a woman who strongly resembled her. Colop Chim, it turned out, was not Preat's mother at all, but a jaladora--a baby broker. Some 40,000 children, many Indigenous, were kidnapped or otherwise coercively parted from families scarred by Guatemala's civil war or made desperate by unrelenting poverty. Amid the US-backed army's genocide against Indigenous Maya, children were wrested from their villages and put up for adoption illegally, mostly in the United States. During the war's second decade, adoption was privatized, overseen by lawyers who made good money matching children to overseas families. Private adoptions skyrocketed to the point where tiny Guatemala overtook giants like China and Russia as a "sender" state. Drawing on government archives, oral histories, and a rare cache of adoption files opened briefly for war crimes investigations, Rachel Nolan explores the human toll of an international industry that thrives on exploitation. Would-be parents in rich countries have fostered a commercial market for children from poor countries, with Guatemala becoming the most extreme case. Until I Find You: Disappeared Children and Coercive Adoptions in Guatemala (Harvard UP, 2024) reckons with the hard truths of a practice that builds loving families in the Global North out of economic exploitation, endemic violence, and dislocation in the Global South. Rachel Nolan is Contributing Editor at Harper’s Magazine and has written for the New Yorker, the London Review of Books, the New York Times, the New York Review of Books, and the Salvadoran investigative news outlet El Faro. She is Assistant Professor of International Relations at Boston University. Katie Coldiron is the Outreach Program Manager for the Digital Library of the Caribbean (dLOC) and PhD student in History at Florida International University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cosmetic surgery was once associated with a one-size-fits-all approach, modifying patients to conform to a single standard of beauty. As this surgery has become more accessible worldwide, changing beauty trends have led to a proliferation of beauty standards for members of different racial groups. In Refashioning Race: How Global Cosmetic Surgery Crafts New Beauty Standards (University of California Press, 2023) Dr. Alka V. Menon enters the world of cosmetic surgeons, journeying from a sprawling convention centre in Kyoto to boutique clinics in the multicultural countries of the United States and Malaysia. She shows how surgeons generate and apply knowledge using racial categories and how this process is affected by transnational clinical and economic exchanges. Surgeons not only measure and organise but also elaborate upon racial differences in a globalised field of medicine. Focusing on the role of cosmetic surgeons as gatekeepers and producers of desired appearances, Refashioning Race argues that cosmetic surgeons literally reshape race—both on patients' bodies and at the broader level of culture. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

Pious Labour: Islam, Artisanship, and Technology in Colonial India (University of California Press, 2023) focuses on the late nineteenth and early twentieth centuries northern India and working-class people who asserted Islamic piety through their trade while responding to industrial change, especially the development of new technologies and state and colonial projects. Indian Muslim artisans, such as those who worked in electroplating, or as stonemasons, tailors, carpenters, or woodworkers, used their craft, labour, class, and religion to establish prophetic lineages to their crafts and imbue it with Islamic piety in response to struggles of class and caste hierarchies and broader disenfranchisement. Amanda Lanzillo masterfully draws out these stories from Urdu technical manuals and oral histories of artisans themselves and in the process challenges us to think more capaciously about Islamic piety through the economy of labour, class, and technology, and our approaches to the histories of Islam in South Asia and beyond. This book is available open access here. Shobhana Xavier is an Associate Professor of Religious Studies at Queen’s University. More details about her research and scholarship may be found here and here. She may be reached at [email protected]. You can follow her on Twitter via @shobhanaxavier. Learn more about your ad choices. Visit megaphone.fm/adchoices

Camelids are vital to the cultures and economies of the Andes. The animals have also been at the heart of ecological and social catastrophe: Europeans overhunted wild vicuña and guanaco and imposed husbandry and breeding practices that decimated llama and alpaca flocks that had been successfully tended by Indigenous peoples for generations. Yet the colonial encounter with these animals was not limited to the New World. Llamas Beyond the Andes: The Untold History of Camelids in the Modern World (University of Texas Press, 2023) by Dr. Marcia Stephenson tells the five-hundred-year history of animals removed from their native habitats and transported overseas. Initially Europeans prized camelids for the bezoar stones found in their guts: boluses of ingested matter that were thought to have curative powers. Then the animals themselves were shipped abroad as exotica. As Europeans and US Americans came to recognize the economic value of camelids, new questions emerged: What would these novel sources of protein and fiber mean for the sheep industry? And how best to cultivate herds? Andeans had the expertise, but knowledge sharing was rarely easy. Marcia Stephenson explores the myriad scientific, commercial, and cultural interests that have attended camelids globally, making these animals a critical meeting point for diverse groups from the North and South. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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 recent years, government agencies around the world have been forced to consider the role of competition law and policy in addressing various crises, including the COVID-19 pandemic and the 2008 financial collapse. There is no easy formula that a competition agency can apply to determine the appropriate response to a crisis; indeed, there is substantial debate about the issue. One common criticism of competition law and policy is that usually it is too inflexible to deal with a crisis, prohibiting an adequate response to economic and industrial shocks. Bruce Wardhaugh's Competition Law in Crisis: The Antitrust Response to Economic Shocks (Cambridge UP, 2022) challenges this notion by examining competition responses to crises past and present. With an analysis that spans the response of UK and EU competition authorities to the economic and commercial fallout of the 2008 financial crisis, the COVID-19 pandemic, and potential responses to the climate crisis, Professor Wardhaugh argues that relaxing competition law is precisely the wrong response. The rigidity of competition rules in the UK and EU has both normative and positive implications for not just the methodology used in competition analysis, but also the role of competition law within the legal order of both jurisdictions. Mark Niefer is a lawyer and economist who has served the Antitrust Division of the U.S. Department of Justice in a variety of key roles over the last 25+ years. He presently is an International Advisor at the Antitrust Division, focused on digital market issues; he also is an Adjunct Professor of Law at Antonin Scalia Law School - George Mason University, where he teaches an advanced antitrust seminar on mergers. Learn more about your ad choices. Visit megaphone.fm/adchoices

How the 1970s energy crisis facilitated a neoliberal shift in US political culture. In Energizing Neoliberalism: The 1970s Energy Crisis and the Making of Modern America (Johns Hopkins UP, 2023), Caleb Wellum offers a provocative account of how the 1970s energy crisis helped to recreate postwar America. Rather than think of the crisis as the obvious outcome of the decade's "oil shocks," Wellum unpacks the cultural construction of a crisis of energy across different sectors of society, from presidents, policy experts, and environmentalists to filmmakers, economists, and oil futures traders. He shows how the dominant meanings ascribed to the 1970s energy crisis helped to energize neoliberal visions of renewed abundance and power through free market values and approaches to energy. Deeply researched in federal archives, expert discourse, and popular culture, Energizing Neoliberalism demonstrates the central role that energy crisis narratives played in America's neoliberal turn. Wellum traces the roots of the crisis to the consumption practices and cultural narratives spawned by the petrocultural politics of Cold War capitalism. In a series of illuminating case studies—including 1970s energy conservation debates, popular car films, and the creation of oil futures trading—Wellum chronicles the consolidation of a neoliberal capitalist order in the United States through an energy politics marked by anxious futurity, petro-populist sentiment, and financialized energy markets. He shows how experiences of energy shortages and fears of future energy crises unsettled American national identity and power yet also informed Reagan-era confidence in free markets and US global leadership. In taking a cultural approach to the 1970s energy crisis, Wellum offers a challenging meditation on the status of "crisis" in modern history, contemporary life, and critical thought and how we rely on crises to make sense of the world. Caleb Wellum is an assistant professor of US history at the University of Toronto, Mississauga. 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 Tea: Consumption, Politics, and Revolution, 1773–1776 (Cornell University Press, 2023), Dr. James R. Fichter reveals that despite the so-called Boston Tea Party in 1773, two large shipments of tea from the East India Company survived and were ultimately drunk in North America. Their survival shaped the politics of the years ahead, impeded efforts to reimburse the company for the tea lost in Boston Harbor, and hinted at the enduring potency of consumerism in revolutionary politics. Tea protests were widespread in 1774, but so were tea advertisements and tea sales, Fichter argues. The protests were noisy and sometimes misleading performances, not clear signs that tea consumption was unpopular. Revolutionaries vilified tea in their propaganda and prohibited the importation and consumption of tea and British goods. Yet merchant ledgers reveal these goods were still widely sold and consumed in 1775. Colonists supported Patriots more than they abided by non-consumption. When Congress ended its prohibition against tea in 1776, it reasoned that the ban was too widely violated to enforce. War was a more effective means than boycott for resisting Parliament, after all, and as rebel arms advanced, Patriots seized tea and other goods Britons left behind. By 1776, protesters sought tea and, objecting to its high price, redistributed rather than destroyed it. Yet as Dr. Fichter demonstrates in Tea, by then the commodity was not a symbol of the British state, but of American consumerism. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

During the eighteenth century, Britain’s slave trade exploded in size. Formerly a small and geographically constricted business, the trade had, by the eve of the American Revolution, grown into an Atlantic-wide system through which fifty thousand men, women, and children were enslaved every year. In Traders in Men: Merchants and the Transformation of the Transatlantic Slave Trade (Yale UP, 2023), Nicholas Radburn explains how thousands of slaving merchants in Africa, Britain, and the British Americas collectively created this cancerous system by devising highly efficient, but also violent, new business methods. African brokers developed commercial techniques that facilitated the enslavement and sale of millions of people. Britons invented shipping methods that quelled enslaved people’s constant resistance on the Middle Passage. And American slave traders formulated brutal techniques through which shiploads of people could be quickly sold to a variety of colonial buyers. Truly Atlantic-wide in its vision, this study shows how the slave trade became one of the most important phenomena in world history and dragged millions of people into the trade’s terrible vortex. Katrina Anderson is a doctoral candidate at the University of Delaware. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past decade, many of the world’s biggest companies have found themselves embroiled in legal disputes over corruption, fraud, environmental damage, tax evasion, or sanction violations. Corporations including Volkswagen, BP, and Credit Suisse have paid record-breaking fines. Many critics of globalisation and corporate impunity cheer this turn toward accountability. Others, however, question American dominance in legal battles that seem to impose domestic legal norms beyond national boundaries. In Corporate Crime and Punishment: The Politics of Negotiated Justice in Global Markets (Princeton University Press, 2023), Dr. Cornelia Woll examines the politics of American corporate criminal law’s extraterritorial reach. As governments abroad seek to respond to US law enforcement actions against their companies, they turn to flexible legal instruments that allow prosecutors to settle a case rather than bring it to court. With her analysis of the international and domestic politics of law enforcement targeting big business, Woll traces the rise of what she calls “negotiated corporate justice” in global markets. Woll charts the path to this shift through case studies of geopolitical tensions and accusations of “economic lawfare,” pitting the United States against the European Union, China, and Japan. She then examines the reactions to the new legal landscape, describing institutional changes in the common law countries of the United Kingdom and Canada and the civil law countries of France, Brazil, and Germany. Through an insightful interdisciplinary analysis of how the prosecution of corporate crime has evolved in the twenty-first century, Dr. Woll demonstrates the profound transformation of the relationship between states and private actors in world markets, showing that law is part of economic statecraft in the connected global economy. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

We are on the verge of a major paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades in the U.S.; once the dominant investment style, it is now a boutique approach. That is about to change. Daniel Peris' book The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market (Routledge, 2024) explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements. It details why the exceptional forces behind that shift―notably the 40-year drop in interest rates and the rise of buybacks―are now substantially exhausted. As a result, the U.S. market is poised for a return to the more typical business-like relationships observed in the private sector and in other mature markets around the world. While many market participants have profited from and become used to the way things have been in recent decades, savvy individual investors, financial advisors, and even institutional portfolio managers will want to position themselves to benefit from the reversion to cash-based investment relationships in the years ahead. This is a must-read book for financial advisors, institutional consultants, as well as engaged individual investors. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at [email protected] or via Twitter @HistoryInvestor. His "History and Investing" blog and "Keep Calm & Carry On Investing" podcast are here. John Emrich has worked for decades in corporate finance, investment management, and corporate strategy. He is an independent director on 9 mutual fund boards. Mr. Emrich has a podcast about the investment advisory industry called Kick the Dogma. Email: [email protected]. LinkedIn. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chelsea Schields's book Offshore Attachments: Oil and Intimacy in the Caribbean (U California Press, 2023) reveals how the contested management of sex and race transformed the Caribbean into a crucial site in the global oil economy. By the mid-twentieth century, the Dutch islands of Curaçao and Aruba housed the world's largest oil refineries. To bolster this massive industrial experiment, oil corporations and political authorities offshored intimacy, circumventing laws regulating sex, reproduction, and the family in a bid to maximize profits and turn Caribbean subjects into citizens. Historian Chelsea Schields demonstrates how Caribbean people both embraced and challenged efforts to alter intimate behavior in service to the energy economy. Moving from Caribbean oil towns to European metropolises and examining such issues as sex work, contraception, kinship, and the constitution of desire, Schields narrates a surprising story of how racialized concern with sex shaped hydrocarbon industries as the age of oil met the end of empire. Chelsea Schields is Associate Professor of History at the University of California, Irvine. Katie Coldiron is the Outreach Program Manager for the Digital Library of the Caribbean (dLOC) and PhD student in History at Florida International University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Privilege, Economy and State in Old Regime France: Marine Insurance, War and the Atlantic Empire Under Louis XIV (Boydell Press, 2023) closely analyses the rise and fall of Louis XIV's marine insurance institutions in Paris, which were central to the French monarchy's efforts to stimulate commerce, colonial enterprise and economic growth. These institutions were the projects of two leading ministers, Jean-Baptiste Colbert and his son, the Marquis de Seignelay. While both men recognised that marine insurance was crucial for protecting commercial investment in French maritime endeavours, Colbert looked to private enterprise to lure capital away from passive investments in state debt towards the marine insurance industry. Seignelay, by contrast, leveraged the tools of privilege on which the French economy was built by creating the first chartered company in the history of marine insurance. In exploring the global insurance portfolios of the men and women who joined these institutions - and the conflicts that arose when maritime incidents came into dispute - the book identifies the absolute monarchy itself as the source of the institutions' struggles. While the markets of Amsterdam and London thrived in the long run, Parisian insurers were made to bear the burden of maritime and colonial losses during Louis XIV's costly wars to make up for the state's inadequate protection of French shipping, the French Atlantic empire and the Parisian market. This encapsulates, the book argues, the overarching system of risk management that lay at the heart of absolutism itself. This book emerged from Wade´s prize-winning dissertation: "Privilege at a Premium: Insurance, Maritime Law and Political Economy in Early Modern France, 1664-c. 1710" (University of Exeter, 2021). Lewis Wade is a Marie Skłodowska-Curie Postdoctoral Fellow at Leiden University. His doctoral thesis was the recipient of the British Commission for Maritime History’s Boydell & Brewer Prize for the best doctoral thesis in maritime history and the Association of Business Historians’ Coleman Prize for the best doctoral thesis in business history.. This book is available open access here. Also mentioned in the podcast is: Harris, R., Going the Distance: Eurasian Trade and the Rise of the Business Corporation, 1400-1700 (Princeton UP, 2020). Learn more about your ad choices. Visit megaphone.fm/adchoices

Before she became the host and star of Violent Majorities, the RTB series on Israeli and Indian ethnonationalism, Ajantha Subramanian sat down with Elizabeth and John to discuss The Caste of Merit: Engineering Education in India (Harvard UP, 2019). It is much more than simply an historical and ethnographic study of the elite Indian Institutes of Technology. Ajantha talked to JP and EF about the language of “merit” and the ways in which it can conceal the continuing relevance of caste (and class, and race) privilege–in India, yes, but also in American and other meritocratic democracies as well. The wide-ranging discussion explored how inequality gets reproduced, passed on and justified. Caste–often framed as a fundamentally “Eastern” form of difference–not only seems to have a lot in common with race, but also shares a history through colonial, plantation-based capitalism. This may explain some of the ways “merit” has also made race (and class) disparities invisible in the United States. This helps explain ways in which dominant groups excoriate the “identity politics” of those seeking greater access to privileged domains, and claim their own independence from “ascriptive” identities--while silently relying on the privilege and other hidden advantages of particular racial or caste-based forms of belonging. The companion text for this episode--Privilege by Shamus Khan--addresses very similar issues in the elite high school where he was a student, teacher and sociological researcher, St. Paul’s School. Khan traces a shift over the past decades (we argued a bit about the time frame) from a conception of privilege defined by maintaining boundaries, to one based on the privileged person’s capacity to move with ease through all social contexts. Discussed in this episode: Ajantha Subramanian, Shorelines: Space and Rights in South India Anthony Abraham Jack, The Privileged Poor : How Elite Colleges Are Failing Disadvantaged Students Nicholas Lehmann, The Big Test John Carson, The Measure of Merit Anthony Trollope, Phineas Finn Jennifer Ruth, Novel Professions Lauren Goodlad, Victorian Literature and the Victorian State Donna Tartt, The Secret History Sujatha Gidla, Ants Among Elephants: An Untouchable Family and the Making of Modern India Listen and Read Here Learn more about your ad choices. Visit megaphone.fm/adchoices

In the late 1970s, Hollywood producers took the published biography of Crystal Lee Sutton, a white southern textile worker, and transformed it into a blockbuster 1979 film, Norma Rae, featuring Sally Field in the title role. This fascinating book reveals how the film and the popular icon it created each worked to efface the labor history that formed the foundation of the film's story. Drawing on an impressive range of sources--union records, industry reports, film scripts, and oral histories--Aimee Loiselle's cutting-edge scholarship shows how gender, race, culture, film, and mythology have reconfigured and often undermined the history of the American working class and their labor activism. While Norma Rae constructed a powerful image of individual defiance by a white working-class woman, Loiselle's Beyond Norma Rae: How Puerto Rican and Southern White Women Fought for a Place in the American Working Class (University of North Carolina Press, 2023) demonstrates that female industrial workers across the country and from diverse racial backgrounds understood the significance of cultural representation and fought to tell their own stories. Loiselle painstakingly reconstructs the underlying histories of working women in this era and makes clear that cultural depictions must be understood as the complicated creations they are. Aimee Loiselle is assistant professor of history at Central Connecticut State University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Christopher Corker's The Business and Technology of the Sheffield Armaments Industry, 1900-1930 (U of York, 2016) focuses on four in-depth case studies of John Brown, Cammell-Laird, Thomas Firth and Hadfields to examine the business and technology of the industry. It builds on the work of Tweedale and Trebilcock on Sheffield and armaments, and advances the argument that during the period of study from 1900 to 1930, the city was one of the most important centres for armaments research and production anywhere in the world. The business of the armaments industry is explored through an examination of the evolving links the industry had with the Government against the backdrop of an uncertain trading environment, and the managerial connections established between the state and private industry. Also explored are the collaborative, collusive and independent defensive measures enacted by the industry to counter uncertainty in the industry, through collaborative business arrangements and various approaches to entering international markets for armaments. An examination of the business of the armaments industry also highlights the value of the technological investment made by the industry. At the centre of exploring the technology of the armaments industry, a reconstruction of its technological history is undertaken using patent and archival records, highlighting the nuances and research dead-ends of development in the industry. Of central importance is the notion of spin-off and the interactions between armaments and metallurgical developments in the creation of a pool of knowledge to be utilised for future research into alloy steels, and the notion of path-dependent technological research. Also advanced is the concept of an innovation system centred on Sheffield, and an exploration of the important national and international links advanced by the industry This title is available open access here. Chris is a business historian, and Lecturer in Management at the School for Business and Society at the University of York, where he is a former Director of Undergraduate Programmes. He completed his PhD in 2016, and won the 2017 Coleman Prize from the Association of Business Historians for excellence in new business history research, and an Emerald Literati Prize in 2019. His current research is on innovation and knowledge in industrial clusters, in particular the business and intellectual history of Stainless Steel, which has been supported by a small grant from the Business Archives Council. Outside of academia Chris is an advisor to Sheffield Archives, member of the Joined Up Heritage Sheffield Partnership Board, and former Chair of Portland Works Little Sheffield, a social enterprise housed in a 19th Century cutlery works. His work has also been featured on BBC Radio 3's Free Thinking. Also discussed during the podcast Chris Corker, ‘Continuity and Change in the Sheffield Armaments Industry 1919-1930’, Journal of Management History, Vol. 24, No.2, pp.174-188, 2018. Wilson, J.F., Corker, C., and Lane, J.P. (Eds), Industrial Clusters in the UK: Knowledge, Innovation Systems and Sustainability (Routledge, 2022). Learn more about your ad choices. Visit megaphone.fm/adchoices

In the pursuit of socialism, Cuba became Latin America’s most oil-dependent economy. When the Soviet Union collapsed, the country lost 86 percent of its crude oil supplies, resulting in a severe energy crisis. In the face of this shock, Cuba started to develop a low-carbon economy based on economic and social reform rather than high-tech innovation. The Low-Carbon Contradiction: Energy Transition, Geopolitics, and the Infrastructural State in Cuba (University of California Press, 2023) by Dr. Gustav Cederlöf examines this period of rapid low-carbon energy transition, which many have described as a “Cuban miracle” or even a real-life case of successful “degrowth.” Working with original research from inside households, workplaces, universities, and government offices, Dr. Cederlöf retells the history of the Cuban Revolution as one of profound environmental and infrastructural change. In doing so, he opens up new questions about energy transitions, their politics, and the conditions of a socially just low-carbon future. The Cuban experience shows how a society can transform itself while rapidly cutting carbon emissions in the search for sustainability. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

IBM was the world's leading provider of information technologies for much of the twentieth century. What made it so successful for such a long time, and what lessons can this iconic corporation teach present-day enterprises? James W. Cortada--a business historian who worked at IBM for many years--pinpoints the crucial role of IBM's corporate culture. He provides an inside look at how this culture emerged and evolved over the course of nearly a century, bringing together the perspectives of employees, executives, and customers around the world. Through a series of case studies, Inside IBM: Lessons of a Corporate Culture in Action (Columbia Business School, 2023) explores the practices that built and reinforced organizational culture, including training of managers, employee benefits, company rituals, and the role of humor. It also considers the importance of material culture, such as coffee mugs and lapel pins. Cortada argues that IBM's corporate culture aligned with its business imperatives for most of its history, allowing it to operate with a variety of stakeholders in mind and not simply prioritize stockholders. He identifies key lessons that managers can learn from IBM's experience and apply in their own organizations today. This engaging and deeply researched book holds many insights for business historians, executives and managers concerned with stakeholder relations, professionals interested in corporate culture, and IBMers. James W. Cortada is a senior research fellow at the Charles Babbage Institute, University of Minnesota-Twin Cities. He spent nearly forty years at IBM in various sales, consulting, management, and executive positions. Other NBN interviews with the same author include "The Birth of Modern Facts" and "IBM: The Rise, Fall and Reinvention of a Global Icon". Learn more about your ad choices. Visit megaphone.fm/adchoices

Often cited but rarely studied in their own right, family directories allow a reconsideration of how ancestry and genealogy became an object of widespread commercialization across the eighteenth century. These directories replaced the expensive, locally-produced, early modern artefacts (tombs, windowpanes, illuminated pedigrees), and began to reach a wide audience of readers in the British Isles and the colonies. In Selling Ancestry: Family Directories and the Commodification of Genealogy in Eighteenth Century Britain (Oxford University Press, 2023), Dr. Stéphane Jettot offers an insight into the cumulative process leading to the creation of these hybrid products — a combination of court almanacks, county histories, and town directories. Employed by contemporaries as reference tools to navigate through a dynamic and changing society, they could be used as a means to probe contemporary attitudes towards social status and political events. Published by the most prominent London booksellers who shared their copyrights among themselves, they relied on the considerable involvement of thousands of families in the counties. In their correspondence with publishers, many new and old elites desired to insert their own narrative into a general history of Britain by dispatching documents, quotations, and anecdotes. Based on a unique source-base, this book provides a systematic review of these directories, their production, and sale, but also their potential role in shaping the character of social change. Dr. Jettot demonstrates the wider ramifications of genealogy and its structural ability to reinvent itself, associate amateurs and antiquarians alike, and thrive on the wavering lines between facts and fiction, offering an exciting and unique insight into the social history of eighteenth-century Britain. This interview was conducted by Dr. Miranda Melcher whose forthcoming 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 his new book Enterprising Empires: Russia and Britain in Eighteenth-Century Eurasia (Cambridge University Press), Matthew Romaniello examines the workings of the British Russia Company and the commercial entanglements of the British and Russian empires in the long eighteenth century. This innovative and highly readable monograph challenges the long-held views of Russian economic backwardness in the early modern period and stresses the importance of personal histories and individual agency in global economic dynamics. By focusing on diplomatic and commercial careers of a fascinating set of characters, Romaniello charts vibrant knowledge and information-sharing networks that were essential for the success of both empires in the Eurasian economic and geopolitical arenas. A non-conventional economic history, Enterprising Empires traverses the micro-historical and the macro-economic to reevaluate Russian commercial prowess before 1800 and illuminate an overlooked area of Anglo-Russian cooperation and rivalry. Matthew Romaniello is an Associate Professor of History at Weber State University and a historian of the Russian empire, commodities, and medicine. He is currently the editor of The Journal of World History and the former editor of Sibirica: Interdisciplinary Journal of Siberian Studies. Vladislav Lilić is a doctoral candidate in Modern European History at Vanderbilt University. His research focuses on the place and persistence of quasi-sovereignty in late Ottoman and post-Ottoman Southeastern Europe. Vladislav’s other fields of interest include the socio-legal history of empire, global history of statehood, and the history of international thought. You can reach him at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

By putting the Midwest at the center of Vast Early America, University of Illinois historian Robert Morrissey reconfigures the power dynamics in the story of North America during the era of colonialism. In his award-winning People of the Ecotone: Environment and Indigenous Power at the Center of Early America (U Washington Press, 2022), Morrissey tells a story that centers the edge - the places where the vast American prairies meet the forests of the Great Lakes. This "ecotone" region is a zone of environmental wealth and dynamism, where successive Native societies were able to build powerful societies based on an understanding of the region's ecologies. Rather than European empires of eastern Native people like the Iroquois acting upon people at the center of the continent, Morrissey centers the Meskwaki, the Illiniwek, and other groups usually kept at the margins of the story. By combining ethnohistory, environmental history, and colonial history, People of the Ecotone tells a genuinely new story that shifts our perspective of who and what matters in early American history in unexpected ways. Dr. Stephen R. Hausmann is an assistant professor of history at the University of St. Thomas in Minnesota and is the Assistant Director of the American Society for Environmental History. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bands like R.E.M., U2, Public Enemy, and Nirvana found success as darlings of college radio, but the extraordinary influence of these stations and their DJs on musical culture since the 1970s was anything but inevitable. As media deregulation and political conflict over obscenity and censorship transformed the business and politics of culture, students and community DJs turned to college radio to defy the mainstream—and they ended up disrupting popular music and commercial radio in the process. In Live from the Underground: A History of College Radio (UNC Press, 2023), Katherine Rye Jewell reveals that these eclectic stations in major cities and college towns across the United States owed their collective cultural power to the politics of higher education as much as they did to upstart bohemian music scenes coast to coast. Jewell uncovers how battles to control college radio were about more than music—they were an influential, if unexpected, front in the nation’s culture wars. These battles created unintended consequences and overlooked contributions to popular culture that students, DJs, and listeners never anticipated. More than an ode to beloved stations, this book will resonate with both music fans and observers of the politics of culture. Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the last-but-one financial crisis abated and governments responded to better times by clawing back their stimulus packages, a once-obscure economic philosophy has been gaining a growing following on the left. But, following the extraordinary policy response to the COVID-19 pandemic, even some conservative commentators and policy makers are showing an interest in Modern Monetary Theory or MMT. Not so fast, warns Gerald Epstein in his What's Wrong with Modern Money Theory? A Policy Critique (Palgrave Macmillan, 2019). While this progressive economist welcomes any resistance to austerian economics and the policy rethink that the new theory is triggering, he warns against MMT's seductive appeal and its significant practical shortcomings. Gerald Epstein co-directs the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. Tim Jones is an economic and political-risk analyst at Medley Global Advisors (FT Group) in London. Learn more about your ad choices. Visit megaphone.fm/adchoices

Building Mid-Republican Rome: Labor, Architecture, and the Urban Economy (Oxford University Press, 2018), offers a holistic treatment of the development of the Mid-Republican city from 396 to 168 BCE. As Romans established imperial control over Italy and beyond, the city itself radically transformed from an ambitious central Italian settlement into the capital of the Mediterranean world. Seth Bernard describes this transformation in terms of both new urban architecture, much of it unprecedented in form and extent, and new socioeconomic structures, including slavery, coinage, and market-exchange. These physical and historical developments were closely linked: building the Republican city was expensive, and meeting such costs had significant implications for urban society. Building Mid-Republican Rome brings both architectural and socioeconomic developments into a single account of urban change. Seth Bernard, an Assistant Professor of Classics at the University of Toronto, assembles a wide array of evidence, from literary sources to coins, epigraphy, and especially archaeological remains, revealing the period's importance for the decline of the Roman state's reliance on obligation and dependency and the rise of slavery and an urban labor market. This narrative is told through an investigation of the evolving institutional frameworks shaping the organization of public construction. A quantitative model of the costs of the Republican city walls reconstructs their economic impact. A new account of building technology in the period allows for a better understanding of the social and demographic profile of the city's builders. Building Mid-Republican Rome thus provides an innovative synthesis of a major Western city's spatial and historical aspects, shedding much-needed light on a seminal period in Rome's development. Ryan Tripp teaches history in California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today I talked to Klaus Buchenau about his new book From Grand Estates to Grand Corruption: The Battle Over the Possessions of Prince Albert of Thurn and Taxis in Interwar Yugoslavia (Brill, 2023). When Yugoslavia was created in 1918, noble landowners still possessed vast parts of its territory especially in the northwestern half of the country which had formerly belonged to the Habsburg Monarchy. With approximately 38,000 hectares, Prince Albert of Thurn and Taxis was the largest private owner of forests in the new kingdom. Yugoslav politicians demanded an expropriation, justifying their actions on the grounds of social and historical justice. At the same time, political and business networks attempted to appropriate the property themselves. The parties involved - Thurn and Taxis, Yugoslav officials, national and international companies - fought for their interests using various means, from lawsuits to international arbitrage and political lobbyism. Roland Clark is a Reader in Modern European History at the University of Liverpool. Learn more about your ad choices. Visit megaphone.fm/adchoices

What does the collapse of India’s tea industry mean for Dalit workers who have lived, worked and died on the plantations since the colonial era? Plantation Crisis: Ruptures of Dalit life in the Indian Tea Belt (UCL Press, 2022) offers a complex understanding of how processes of social and political alienation unfold in moments of economic rupture. Based on long-term ethnographic fieldwork in the Peermade and Munnar tea belts, Jayaseelan Raj – himself a product of the plantation system – offers a unique and richly detailed analysis of the profound, multi-dimensional sense of crisis felt by those who are at the bottom of global plantation capitalism and caste hierarchy. Tea production in India accounts for 25 per cent of global output. The colonial era planation system – and its two million strong workforce – has, since the mid-1990s, faced a series of ruptures due to neoliberal economic globalisation. In the South Indian state of Kerala, otherwise known for its labour-centric development initiatives, the Tamil speaking Dalit workforce, whose ancestors were brought to the plantations in the 19th century, are at the forefront of this crisis, which has profound impacts on their social identity and economic wellbeing. Out of the colonial history of racial capitalism and indentured migration, Plantation Crisis opens our eyes to the collapse of the plantation system and the rupturing of Dalit lives in India's tea belt. Garima Jaju is a Smuts fellow at the University of Cambridge. Learn more about your ad choices. Visit megaphone.fm/adchoices

Before becoming a financial analyst and then a portfolio manager in New York, Daniel Peris worked as a tenure-track professor of Soviet history. I sat down with Dan and talked about his painful but ultimately successful 1990s transition from academia to finance. We chatted about how historical methods and perspectives shaped Dan's unique approach to investing, a style that he has been popularizing in his books and online blogs. Dan talked about the skills he acquired during his training as a historian that helped him succeed in finance. We talked about weighing professional risk in academia and in finance, about doubts that accompanied Dan's journey from one industry to another, his forthcoming book The Ownership Dividend (2024), and what history grads can do to broaden their career prospects. Peris is also the author of The Strategic Dividend Investor (2011) and Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio (2018). His blog "History and Investing" is here. Patryk Babiracki is a historian, researcher and writer; professor & MA student advisor at the University of Texas at Arlington. PhD from Johns Hopkins. Promoter of #AppliedHistory: using historical concepts, frameworks, and methodologies to solve real-world organizational problems. Learn more about your ad choices. Visit megaphone.fm/adchoices

Underlying every great city is a rich and vibrant culture that shapes the texture of life within. In The Speculative City: Art, Real Estate, and the Making of Global Los Angeles (U Minnesota Press, 2021), Susanna Phillips Newbury teases out how art and Los Angeles shaped one another’s evolution. She compellingly articulates how together they transformed the Southland, establishing the foundation for its contemporary art infrastructure, and explains how artists came to influence Los Angeles’s burgeoning definition as the global city of the twenty-first century. Pairing particular works of art with specific innovations in real estate development, The Speculative City reveals the connections between real estate and contemporary art as they constructed Los Angeles’s present-day cityscape. From banal parking lots to Frank Gehry’s designs for artists’ studios and museums, Newbury examines pivotal interventions by artists and architects, city officials and cultural philanthropists, concluding with an examination of how, in the wake of the 2008 global credit crisis, contemporary art emerged as a financial asset to fuel private wealth and urban gentrification. Bryan Toepfer, AIA, NCARB, CAPM is the Principal Architect for TOEPFER Architecture, PLLC, an Architecture firm specializing in Residential Architecture and Virtual Reality. He has authored two books, “Contractors CANNOT Build Your House,” and “Six Months Now, ARCHITECT for Life.” He is an Assistant Professor at Alfred State College and the Director of Education for the AIA Rochester Board of Directors. Always eager to help anyone understand the world of Architecture, he can be reached by sending an email to btoepfer@toepferarchitecture. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ming China in 1642 had suffered a series of disasters. Floods, and then drought had destroyed successive rice crops, sending the price of grain to astronomical levels. As one schoolteacher wrote: “There was no rice in the market to buy. Even if a dealer had grain, people passed by without asking the price. The rich were reduced to scrounging for beans or wheat, the poor for chaff or rotting garbage. Being able to buy a few pecks of chaff or bark was ecstasy.” The Ming Dynasty collapsed two years later. Timothy Brook, in his latest book The Price of Collapse: The Little Ice Age and the Fall of Ming China (Princeton University Press: 2023), points to environmental disaster as the spark that helped cause the Ming Dynasty’s fall, relying on a history of surging prices to show how the over-275 year dynasty eventually fell to the Qing. In this interview, Timothy and I talk about inflation in Ming China, how it connects to climate change, and how short-term environmental shocks can cause a market to break down. Timothy Brook is professor emeritus of history at the University of British Columbia and a fellow of the British Academy. His many books include Great State: China and the World (Harper: 2020), Mr. Selden's Map of China: Decoding the Secrets of a Vanished Cartographer (Bloomsbury Press: 2013), and Vermeer's Hat: The Seventeenth Century and the Dawn of the Global World (Bloomsbury Publishing: 2009). You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The Price of Collapse. 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

On this episode of the Economic and Business History channel I spoke with Dr. Chinmay Tumbe, Assistant Professor of Economics at the Indian Institute of Management. He was Alfred D Chandler Jr. International Visiting Scholar in Business History, Harvard Business School in 2018. Dr, Tumbe has published academic articles in Management and Organizational History and in the Journal of Management History. He has written two books, one in 2018 India Moving: A History of Migration, which talks about how people have moved in India historically, and his 2020 book the Age of Pandemics 1817-1920: How They Shaped India and the World (HarperCollins, 2020). The book argues that the period between the early nineteenth century to the early twentieth century - an age otherwise known for the worldwide spread of the industrial revolution, imperialism, and globalization - was also the 'age of pandemics'. It documents the scale of devastation caused by different pandemics, cholera, the plague, influenza, and finally Covid. The book has great resources for the classroom and for the general public such as a timeline of pandemics, striking tables such as the death toll in millions for each epidemic, and a set of photographs at the end that is definitely worth viewing. Paula De La Cruz-Fernández is a consultant, historian, and digital editor. New Books Network en español editor. Edita CEO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard Vague really really cares about private-sector debt. And he thinks you should too. In A Brief History of Doom: Two Hundred Years of Financial Crises (University of Pennsylvania Press, 2019), Vague sees the rise and fall of private sector debt as the key factor explaining the cycle of economic crises experienced by developed and major developing economies over the past two centuries. The early stages of a lending cycle look and feel good. Everyone is happy, the lenders think they are smart, the borrowers feel they have everything under control. Then the lenders and borrowers take it to another level, and then another, and then it collapses, time and time again. Where are now? The good news is that debt/GDP levels aren't too bad, but in certain sectors of the economy and certain countries, they are flashing red, brightly. Read the book to find which sectors and countries. Vague makes his data available to researchers here. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter@Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1570's New Kingdom of Granada (modern Colombia), a new generation of mestizo (half-Spanish, half-indigenous) men sought positions of increasing power in the colony's two largest cities. In response, Spanish nativist factions zealously attacked them as unequal and unqualified, unleashing an intense political battle that lasted almost two decades. At stake was whether membership in the small colonial community and thus access to its most lucrative professions should depend on limpieza de sangre (blood purity) or values-based integration (Christian citizenship). Max Deardoff's A Tale of Two Granadas: Custom, Community, and Citizenship in the Spanish Empire, 1568–1668 (Cambridge University Press, 2023) examines the vast, trans-Atlantic transformation of political ideas about subjecthood that ultimately allowed some colonial mestizos and indios ladinos (acculturated natives) to establish urban citizenship alongside Spaniards in colonial Santafé de Bogotá and Tunja. In a spirit of comparison, it illustrates how some of the descendants of Spain's last Muslims appealed to the same new conceptions of citizenship to avoid disenfranchisement in the face of growing prejudice. Ethan Besser Fredrick is a graduate student in Modern Latin American history seeking his PhD at the University of Minnesota. His work focuses on the Transatlantic Catholic movements in Mexico and Spain during the early 20th century. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the University of Chicago-blessed, "greed is good" near-term profits approach to business wearing out its welcome? James O'Toole's The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good(HarperBusiness, 2019) is a welcome addition to the current debate about what is the right balance between the near-term profit motive and long-term social goals in running a business. O'Toole, an emeritus professor of business ethics at USC, argues that entrepreneurs have and can be financially successful and still treat their employees, partners, and customers with respect. He provides two dozen case studies of founders and leaders, ranging from Milton Hershey to Robert Wood Johnson to Herb Kelleher, who tried to do more than just make a quick buck. These pioneers believed that if they practiced a form of ethical capitalism, the profits would roll in. And they did. The challenge that O'Toole recognizes from the outset is that the culture these founders created rarely survived their own tenures at the top, and that the unrelenting pressure of the market ultimately wears down even the most well-intentioned business leader. In the end, he concludes that large publicly traded corporations face the greatest pressures, while smaller, private or trust-held businesses have an easier time of creating and sustaining a positive culture. The Enlightened Capitalists is a must read for every aspiring business leader and investor, even those who are convinced that they are on the "right" side of the debate. The judgments can shift rapidly. Even a spectacularly successful New Economy company that had for years as its motto "Don't be evil" (since replaced with "Do the right thing") can quickly end up being vilified in the media and charged by regulators for its monopoly-like behavior. As Kermit might say, it's not easy being good (or green.) Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In his first book Hungry Nation: Food, Famine, and the Making of Modern India (Cambridge University Press 2018), historian Benjamin Robert Siegel explores independent India's attempts to feed itself between the 1940s and 1970s. Following the devastating Bengal famine of 1943, hunger and malnutrition remained key issues for India's politicians, planners and citizens as a new nation sought to become self-sufficient in food production. Siegel's book follows debates on land reform, technology and native diets to understand how the food question became an entry point into larger questions of citizenship, rights and welfare, debates that continue to loom large in the battle against agrarian distress and widespread food insecurity in present-day India. Madhuri Karak holds a Ph.D. in cultural anthropology from The Graduate Center, City University of New York. Her dissertation titled "Insurgent Difference: An Ethnography of an Indian Resource Frontier” analyzed resource extraction and development as mutually constitutive logics of rule in the bauxite-rich mountains of southern Odisha, India. She tweets @madhurikarak and more of her work can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode of the New Books in Economic and Business History is an interview with New York writer Benjamin Lorr. Benjamin Lorr is the author of Hell-Bent: Obsession, Pain, and the Search for Something Like Transcendence in Competitive Yoga, a book that explores the Bikram Yoga community and movement. His second book, The Secret Life of Groceries: The Dark Miracle of the American Supermarket is "an extraordinary investigation into the human lives at the heart of the American grocery store. The miracle of the supermarket has never been more apparent. Like the doctors and nurses who care for the sick, suddenly the men and women who stock our shelves and operate our warehouses are understood as ‘essential’ workers, providing a quality of life we all too easily take for granted. But the sad truth is that the grocery industry has been failing these workers for decades. In this page-turning expose, author Benjamin Lorr pulls back the curtain on the highly secretive grocery industry. Combining deep sourcing, immersive reporting, and sharp, often laugh-out-loud prose, Lorr leads a wild investigation, asking what does it take to run a supermarket? How does our food get on the shelves? And who suffers for our increasing demands for convenience and efficiency? In this journey: We learn the secrets of Trader Joe's success from Trader Joe himself Drive with truckers caught in a job they call "sharecropping on wheels" Break into industrial farms with activists to learn what it takes for a product to earn certification labels like "fair trade" and "free range" Follow entrepreneurs as they fight for shelf space, learning essential tips, tricks, and traps for any new food business Journey with migrants to examine shocking forced labor practices through their eyes The product of five years of research and hundreds of interviews across every level of the business, The Secret Life of Groceries is essential reading for those who want to understand our food system--delivering powerful social commentary on the inherently American quest for more and compassionate insight into the lives that provide it. Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. New Books Network en español editor. Edita CEO. Learn more about your ad choices. Visit megaphone.fm/adchoices

A century ago, the emergence of radio, along with organized systems of broadcasting, sparked a global fascination with the 'wonder' of sound transmission and reception. The thrilling experience of tuning in to the live sounds of this new medium prompted strong affective responses in its listeners. This book introduces a new concept of "radiophilia," defined as the attachment to, or even a love of radio. Treating radiophilia as a dynamic cultural phenomenon, it unpacks the various pleasures associated with radio and its sounds, the desire to discover and learn new things via radio, and efforts to record, re-experience, and share radio. Surveying 100 years of radio from early wireless through to digital audio formats like podcasting, Carolyn Birdsall's Radiophilia (Bloomsbury Press, 2023) engages in debates about fandom, audience participation, listening experience, material culture, and how media relate to affect and emotions. Alejandra Bronfman is Professor and Director of Undergraduate Studies Latin American, Caribbean & U.S. Latino Studies at SUNY, Albany. Learn more about your ad choices. Visit megaphone.fm/adchoices