New Books in Economic and Business History

J. P. Daughton's In the Forest of No Joy: The Congo-Océan Railroad and the Tragedy of French Colonialism (W. W. Norton, 2021) examines the complex and violent French construction of a line of railroad in Equatorial Africa from the coast inland. Begun in 1921, the Congo-Océan took 13 years to complete and resulted in the deaths of between 15,000 and 23,000 African lives. Daughton's book is a careful account of the brutality, harrowing labor conditions, and deprivation of these thousands of Africans whose very bodies were abused and destroyed in this iteration of the "civilizing mission" and "modernity" in empire. Working through a broad range of archives located in France, Switzerland, the U.S., and the Congo, the book's several chapters outline in visceral detail the individuals and structures involved in making the railroad a reality, from the forced enlistment of African labourers, through the challenges of resistant landscape, the suffering of those physically tasked with its conquest, to the justifying rhetoric of those who championed the project and the denunciations of those who sought to reveal its atrocious human cost. Key individual architects, company, and government representatives appear throughout these pages along with the powerful forces and voices of the French imperial state. Working with and against the presentation of the project in official documents, Daughton seeks to illuminate the experiences and voices of the African workers who made the railroad a reality. Completed by the 1930s, the Congo-Océan was also a large-scale humanitarian failure. Interested in broader questions of colonial violence and how scholars engage with and respond to that violence, Daughton's narrative and analysis will be accessible to wide range of readers. This, despite the difficult and painful subjects and stories it takes on. Roxanne Panchasi is an Associate Professor of History at Simon Fraser University in Vancouver, Canada who specializes in twentieth and twenty-first century France and empire. She is the founding host of New Books in French Studies, a channel launched in 2013. Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the 1990s, Germany has embarked on a daring campaign to restructure its energy system around renewable power, sparking a global revolution in solar and wind technology. But this pioneering energy transition has been plagued with problems. In Energy and Power: Germany in the Age of Oil, Atoms, and Climate Change (Oxford UP, 2023), Stephen G. Gross explains the deeper origins of the Energiewende--Germany's transition to green energy--and offers the first comprehensive history of German energy and climate policy from World War II to the present. The book follows the Federal Republic as it passed through five energy transitions from the dramatic shift to oil that nearly wiped out the nation's hard coal sector, to the oil shocks and the rise of the Green movement in the 1970s and 1980s, the co-creation of a natural gas infrastructure with Russia, and the transition to renewable power today. He shows how debates over energy profoundly shaped the course of German history and influenced the landmark developments that define modern Europe. As Gross argues, the intense and early politicization of energy led the Federal Republic to diverge from the United States and rethink its fossil economy well before global warming became a public issue, building a green energy system in the name of many social goals. Yet Germany's experience also illustrates the difficulty, the political battles, and the unintended consequences that surround energy transitions. By combining economy theory with a study of interest groups, ideas, and political mobilization, Energy and Power offers a novel explanation for why energy transitions happen. Further, it provides a powerful lens to move beyond conventional debates on Germany's East-West divide, or its postwar engagement with the Holocaust, to explore how this nation has shaped the contemporary world in other important ways. Stephen G. Gross is Associate Professor of History and Director of the Center of European and Mediterranean Studies, New York University. Filippo De Chirico, History and Politics of Energy at Roma Tre University (Italy) Learn more about your ad choices. Visit megaphone.fm/adchoices

Scarcity: A History from the Origins of Capitalism to the Climate Crisis (Harvard UP, 2023) is a sweeping intellectual history of the concept of economic scarcity—its development across five hundred years of European thought and its decisive role in fostering the climate crisis. Modern economics presumes a particular view of scarcity, in which human beings are innately possessed of infinite desires and society must therefore facilitate endless growth and consumption irrespective of nature’s limits. Yet as Fredrik Albritton Jonsson and Carl Wennerlind show, this vision of scarcity is historically novel and was not inevitable even in the age of capitalism. Rather, it reflects the costly triumph of infinite-growth ideologies across centuries of European economic thought—at the expense of traditions that sought to live within nature’s constraints. The dominant conception of scarcity today holds that, rather than master our desires, humans must master nature to meet those desires. Albritton Jonsson and Wennerlind argue that this idea was developed by thinkers such as Francis Bacon, Samuel Hartlib, Alfred Marshall, and Paul Samuelson, who laid the groundwork for today’s hegemonic politics of growth. Yet proponents of infinite growth have long faced resistance from agrarian radicals, romantic poets, revolutionary socialists, ecofeminists, and others. These critics—including the likes of Gerrard Winstanley, Dorothy Wordsworth, Karl Marx, and Hannah Arendt—embraced conceptions of scarcity in which our desires, rather than nature, must be mastered to achieve the social good. In so doing, they dramatically reenvisioned how humans might interact with both nature and the economy. Following these conflicts into the twenty-first century, Albritton Jonsson and Wennerlind insist that we need new, sustainable models of economic thinking to address the climate crisis. Scarcity is not only a critique of infinite growth, but also a timely invitation to imagine alternative ways of flourishing on Earth. Fredrik Albritton Jonsson is the Associate Professor of British History at the University of Chicago. His current research deals with a set of closely related themes in environmental history, history of science, and political economy. Carl Wennerlind is the Professor of History and Chair at Barnard College, Columbia University. He specializes in the history of early modern Europe, with a focus on intellectual history and political economy. He is particularly interested in the historical development of ideas about money and credit; ideas on the relationship between economy and nature; and ideas about "improvement" and "modernization." Thomas Edward Kingston is a Berkeley Fellow in South and Southeast Asian Studies and PhD Student with a designated emphasis in Political Economy at the University of California, Berkeley Learn more about your ad choices. Visit megaphone.fm/adchoices

Patriarchal forces of law, finance, and social custom restricted women’s rights and agency in revolutionary America. Yet women in this period exploited these confines, transforming constraints into vehicles of female empowerment. Through a close reading of thousands of legislative, judicial, and institutional pleas across seventy years of history in three urban centers, Jacqueline Beatty illustrates the ways in which women in the revolutionary era asserted their status as dependents, demanding the protections owed to them as the assumed subordinates of men. In so doing, they claimed various forms of aid and assistance, won divorce suits, and defended themselves and their female friends in the face of patriarchal assumptions about their powerlessness. Ultimately, women in the revolutionary era were able to advocate for themselves and express a relative degree of power not in spite of their dependent status, but because of it. Their varying degrees of success in using these methods, however, was contingent on their race, class, and socio-economic status, and the degree to which their language and behavior conformed to assumptions of Anglo-American femininity. In Dependence: Women and the Patriarchal State in Revolutionary America (NYU Press, 2023) thus exposes the central paradoxes inherent in American women’s social, legal, and economic positions of dependence in the Revolutionary era, complicating binary understandings of power and weakness, of agency and impotence, and of independence and dependence. Significantly, the American Revolution provided some women with the language and opportunities in which to claim old rights―the rights of dependents―in new ways. Most importantly, In Dependence shows how women’s coming to consciousness as rights-bearing individuals laid the groundwork for the activism and collective petitioning efforts of later generations of American feminists. Jane Scimeca is Professor of History at Brookdale Community College. @JaneScimeca1 Learn more about your ad choices. Visit megaphone.fm/adchoices

Disease is thought to be a great leveler of humanity, but in antebellum New Orleans acquiring immunity from the scourge of yellow fever magnified the brutal inequities of slave-powered capitalism. Antebellum New Orleans sat at the heart of America’s slave and cotton kingdoms. It was also where yellow fever epidemics killed as many as 150,000 people during the nineteenth century. With little understanding of mosquito-borne viruses—and meager public health infrastructure—a person’s only protection against the scourge was to “get acclimated” by surviving the disease. About half of those who contracted yellow fever died. Repeated epidemics bolstered New Orleans’s strict racial hierarchy by introducing another hierarchy, what Kathryn Olivarius terms “immunocapital.” As this highly original analysis shows, white survivors could leverage their immunity as evidence that they had paid their biological dues and could then pursue economic and political advancement. For enslaved Blacks, the story was different. Immunity protected them from yellow fever, but as embodied capital, they saw the social and monetary value of their acclimation accrue to their white owners. Whereas immunity conferred opportunity and privilege on whites, it relegated enslaved people to the most grueling labor. The question of good health—who has it, who doesn’t, and why—is always in part political. Necropolis: Disease, Power, and Capitalism in the Cotton Kingdom (Harvard UP, 2022) shows how powerful nineteenth-century white Orleanians—all allegedly immune—pushed this politics to the extreme. They constructed a society that capitalized mortal risk and equated perceived immunity with creditworthiness and reliability. Instead of trying to curb yellow fever through sanitation or quarantines, immune white Orleanians took advantage of the chaos disease caused. Immunological discrimination therefore became one more form of bias in a society premised on inequality, one more channel by which capital disciplined and divided the population. Kendall Dinniene is an English PhD candidate at Southern Methodist University in Dallas, Texas. Their research examines how contemporary American authors respond to anti-fatness in their work, revealing the contours of citizenship and paths toward liberation. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the nineteenth century, most American farms had a small orchard or at least a few fruit-bearing trees. People grew their own apple trees or purchased apples grown within a few hundred miles of their homes. Nowadays, in contrast, Americans buy mass-produced fruit in supermarkets, and roughly 70 percent of apples come from Washington State. So how did Washington become the leading producer of America’s most popular fruit? In The Washington Apple: Orchards and the Development of Industrial Agriculture (The University of Oklahoma Press, 2022), Amanda L. Van Lanen offers a comprehensive response to this question by tracing the origins, evolution, and environmental consequences of the state’s apple industry. Washington’s success in producing apples was not a happy accident of nature, according to Van Lanen. Apples are not native to Washington, any more than potatoes are to Idaho or peaches to Georgia. In fact, Washington apple farmers were late to the game, lagging their eastern competitors. The author outlines the numerous challenges early Washington entrepreneurs faced in such areas as irrigation, transportation, and labor. Eventually, with crucial help from railroads, Washington farmers transformed themselves into “growers” by embracing new technologies and marketing strategies. By the 1920s, the state’s growers managed not only to innovate the industry but to dominate it. Industrial agriculture has its fair share of problems involving the environment, consumers, and growers themselves. In the quest to create the perfect apple, early growers did not question the long-term environmental effects of chemical sprays. Since the late twentieth century, consumers have increasingly questioned the environmental safety of industrial apple production. Today, as this book reveals, the apple industry continues to evolve in response to shifting consumer demands and accelerating climate change. Yet, through it all, the Washington apple maintains its iconic status as Washington’s most valuable agricultural crop. Amanda L. Van Lanen, PhD is a Professor of History at Lewis-Clark State College. Troy A. Hallsell, PhD is the 341st Missile Wing Historian at Malmstrom AFB, Montana. The ideas expressed in this podcast do not represent the 341st Missile Wing, the United States Air Force, or the Department of Defense. Learn more about your ad choices. Visit megaphone.fm/adchoices

The eighteenth-century Bank of England was an institution that operated for the benefit of its shareholders--and yet came to be considered, as Adam Smith described it, "a great engine of state." In Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England (Princeton UP, 2023), Anne Murphy explores how this private organization became the guardian of the public credit upon which Britain's economic and geopolitical power was based. Drawing on the voluminous and detailed minute books of a Committee of Inspection that examined the Bank's workings in 1783-84, Murphy frames her account as "a day in the life" of the Bank of England, looking at a day's worth of banking activities that ranged from the issuing of bank notes to the management of public funds. Murphy discusses the bank as a domestic environment, a working environment, and a space to be protected against theft, fire, and revolt. She offers new insights into the skills of the Bank's clerks and the ways in which their work was organized, and she positions the Bank as part of the physical and cultural landscape of the City: an aggressive property developer, a vulnerable institution seeking to secure its buildings, and an enterprise necessarily accessible to the public. She considers the aesthetics of its headquarters--one of London's finest buildings--and the messages of creditworthiness embedded in that architecture and in the very visible actions of the Bank's clerks. Murphy's uniquely intimate account shows how the eighteenth-century Bank was able to deliver a set of services that were essential to the state and commanded the confidence of the public. Anne L. Murphy is Professor of History and Executive Dean of the Faculty of Humanities and Social Sciences. She joined the University of Portsmouth in March 2021. Prior to this she worked at the University of Hertfordshire and the University of Exeter. Previously she spent twelve years working in the City trading interest rate and foreign exchange derivatives. Her research focuses on early modern financial markets and publications include articles in Past and Present, Economic History Review, History, Financial History Review and Women's History Review. Her previous monographs are The Origins of English Financial Markets: investment and speculation before the South Sea Bubble (2010) and The Worlds of the Jeake Family of Rye, 1640-1736 (2018). References: -Previous NBN podcasts on money, namely Lawrence H. White and Dror Goldberg. -Books by Amy Froide's Silent Partners: Women as Public Investors during Britain's Financial Revolution, 1690-1750 and Daniel Abramson's Building the Bank of England: Money, Architecture, Society 1694-1942. Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo Learn more about your ad choices. Visit megaphone.fm/adchoices

Opium is an awkward commodity. For the West, it’s a reminder of some of the shadier and best forgotten parts of its history. For China (and a few other countries), it’s a symbol of national humiliation, left to the past–unless it needs to shame a foreign country. But the opium trade survived for decades, through to the end of the Second World War. How did that trade actually work? How was it possible to trade a good that was, at best, tolerated in the strange gap between legal and illegal. This trade is what Peter Thilly covers in his book The Opium Business: A History of Crime and Capitalism in Maritime China (Stanford University Press, 2022). In this interview, Peter and I talk about opium, how people traded this quasi-legal good, and the changing opium trade–including a surprising source of illicit drugs in the region. Peter Thilly is Assistant Professor of History at the University of Mississippi. He is currently working on a global microhistory of the 1853 Small Sword Uprising. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The Opium Business. Follow on Twitter at @BookReviewsAsia. Nicholas Gordon is an associate 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

East Africa’s Human Environment Interactions: Historical Perspectives for a Sustainable Future (Palgrave Macmillan, 2022) is an ambitious integration of ecological, archaeological, anthropological land use sciences, drawing on human geography, demography and economics of development across the East Africa region. It focuses on understanding and unpicking the interactions that have taken place between the natural and unnatural history of the East African region and trace this interaction from the evolutionary foundations of our species (c. 200,000 years ago), through the outwards and inwards human migrations, often associated with the adoption of subsistence strategies, new technologies and the arrival of new crops. The book will explore the impact of technological developments such as transitions to tool making, metallurgy, and the arrival of crops also involved an international dimension and waves of human migrations in and out of East Africa. Time will be presented with a widening focus that will frame the contemporary with a particular focus on the Anthropocene (last 500 years) to the present day. Many of the current challenges have their foundations in precolonial and colonial history and as such there will be a focus on how these have evolved and the impact on environmental and human landscapes. Moving into the Anthropocene era, there was increasing exposure to the International drivers of change, such as those associated with Ivory and slave trade. These international trade routes were tied into the ensuing decimation of elephant populations through to the exploitation of natural mineral resources have been sought after through to the present day. The book will provide a balanced perspective on the region, the people, and how the natural and unnatural histories have combined to create a dynamic region. These historical perspectives will be galvanized to outline the future changes and the challenges they will bring around such issues as sustainable development, space for wildlife and people, and the position of East Africa within a globalized world and how this is potentially going to evolve over the coming decades. Rob Marchant is Professor of Tropical Ecology in the Department of Environment and Geography at the University of York, UK. Ahmed Yaqoub AlMaazmi is a Ph.D. candidate at Princeton University, Near Eastern Studies Department. His research focuses on the intersection of law, the occult sciences, and the environment across the western Indian Ocean. He can be reached by email at [email protected] or on Twitter @Ahmed_Yaqoub. Listeners’ feedback, questions, and book suggestions are most welcome. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ice is everywhere: in gas stations, in restaurants, in hospitals, in our homes. Americans think nothing of dropping a few ice cubes into tall glasses of tea to ward off the heat of a hot summer day. Most refrigerators owned by Americans feature automatic ice machines. Ice on-demand has so revolutionized modern life that it’s easy to forget that it wasn’t always this way—and to overlook what aspects of society might just melt away as the planet warms. In Ice: From Mixed Drinks to Skating Rinks--a Cool History of a Hot Commodity (G. P. Putnam's Sons, 2023), journalist and historian Amy Brady shares the strange and storied two-hundred-year-old history of ice in America: from the introduction of mixed drinks “on the rocks,” to the nation’s first-ever indoor ice rink, to how delicacies like ice creams and iced tea revolutionized our palates, to the ubiquitous ice machine in every motel across the US. But Ice doesn’t end in the past. Brady also explores the surprising present-day uses of ice in sports, medicine, and sustainable energy—including cutting-edge cryotherapy breast-cancer treatments and new refrigerator technologies that may prove to be more energy efficient—underscoring how precious this commodity is, especially in an age of climate change. Amy Brady is the executive director of Orion magazine, a contributing editor for Scientific American, and coeditor of The World as We Knew It: Dispatches from a Changing Climate. Twitter. Website. Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices

How common is financial malpractice in big, well known financial companies? Is it so common that it should really be seen as a business model more than an occasional aberration by rogue traders? These are questions posed by Ronen Palan and Anastasia Nesvetailova in their book Sabotage: The Business of Finance (PublicAffairs, 2020). Listen to Owen Bennett-Jones discuss the future of big finance with Anastasia Nesvetailova. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Does a strong state mean a weak market? This is a common misconception amongst economists. Many view the state as either taxing and regulating the market too much or too little. However, the truth is that state capacity is just not well conceptualized in economic theory. James A. Robinson is a political scientist, economist, and professor at the University of Chicago. His recent book, co-authored with Daron Acemoglu, The Narrow Corridor: States, Societies, and the Fate of Liberty, explores the critical balance needed between state and society and how liberty can continue to thrive despite threats from both sides. James and Greg explore the correlation between inclusive political institutions and economic growth and prosperity and why the absence of state capacity in developing nations is a major contributing factor to their economic struggles. This highlights the necessity for a genuine debate on whether strong governments and effective state institutions facilitate or stifle independence and innovation. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices

Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, Money and Empire (Cambridge University Press, 2022) also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world. Perry Mehrling is Professor of International Political Economy at Boston University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode features Professor Simon Ville talking about his latest book with David Merrett International Business in Australia Before World War One: Shaping a Multinational Economy (Palgrave MacMillan, 2022). This book challenges conventional wisdom by revealing an extensive and heterogeneous community of foreign businesses in Australia before 1914. Multinational enterprise arrived predominantly from Britain, but other sender nations included the USA, France, Germany, New Zealand, and Japan. Their firms spread out across Australia from mining and pastoral communities, to portside industries and CBD precincts, and they operated broadly across mining, trading, shipping, insurance, finance, and manufacturing. They were a remarkably diverse population of firms by size, organisational form, and longevity. This is a rare study of the impact of multinationals on a host nation, particularly before World War One, and that focuses on a successful resource-based economy. Deploying a database of more than 600 firms, supported by contemporary archives and publications, the work reveals how multinational influence was contested by domestic enterprise, other foreign firms, and the strategic investments of governments in network industries. Nonetheless, foreign agency – particularly investment, knowledge and entrepreneurship – mattered in the economic development of Australia in the nineteenth as well as the twentieth centuries. This book will be of interest to students and researchers in Australian and international economic and business history, the history of economic growth and scholars of international business. Professor Ville is a Professor of Economic and Business History at the University of Wollongong in Australia. Prof Ville has worked with scholars in a broad range of disciplines including economics, history, management, sociology, engineering, and museum science. Dr. Paula de la Cruz Fernández has been the host of this interview. Learn more about your ad choices. Visit megaphone.fm/adchoices

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent rise of dollar, pound, and euro inflation rates has rekindled the debate over potential alternative monies, particularly gold and Bitcoin. Though Bitcoin has been much discussed in recent years, a basic understanding of how it and gold would work as monetary standards is rare. Accessibly written by a pioneering economist, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype. White uses simple supply-and-demand analysis to explain how these standards work, evaluating their relative merits and explaining their response to shocks, allowing for informed comparisons between them. This book addresses common misunderstandings of the gold standard and Bitcoin, using historical evidence to review the history of money with emphasis on the contest between market and government provision. Known for his work on alternative monetary institutions, White offers a reasoned discussion of which standard is most likely to provide a better money. In Better Money: Gold, Fiat, or Bitcoin? (Cambridge UP, 2023), Lawrence H. White offers a summary of previous work while explaining differences and similarities of the gold standard and how crypto currencies work in an authoritative yet non technical way with a non-specialist audience in mind. His main idea is to explore alternatives to fiat money in a digital world. Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cargoes in Motion: Materiality and Connectivity across the Indian Ocean (Ohio University Press, 2022) is an innovative collection of essays that foregrounds specific cargoes as a means to understand connectivity and mobility across the Indian Ocean world. Scholars have long appreciated the centrality of trade and commerce in understanding the connectivity and mobility that underpin human experience in the Indian Ocean region. But studies of merchant and commercial activities have paid little attention to the role that cargoes have played in connecting the disparate parts of this vast oceanic world. Drawing from the work of anthropologists, geographers, and historians, Cargoes in Motion tells the story of how material objects have informed and continue to shape processes of exchange across the Indian Ocean. By following selected cargoes through both space and time, this book makes an important and innovative contribution to Indian Ocean studies. The multidisciplinary approach deepens our understanding of the nature and dynamics of the Indian Ocean world by showing how transoceanic connectivity has been driven not only by economic, social, cultural, and political factors but also by the materiality of the objects themselves. Essays by: Edward A. Alpers, Fahad Ahmad Bishara, Eva-Maria Knoll, Karl-Heinz Kohl, Lisa Jenny Krieg, Pedro Machado, Rupert Neuhöfer, Mareike Pampus, Hannah Pilgrim, Burkhard Schnepel, Hanne Schönig, Tansen Sen, Steven Serels, Julia Verne, and Kunbing Xiao. Burkhard Schnepel is a professor of social anthropology at the Martin Luther University of Halle-Wittenberg. From 2013 to 2020, he was head of the Connectivity in Motion: Port Cities of the Indian Ocean fellows group at the Max Planck Institute for Social Anthropology in Halle. He is the author of The King’s Three Bodies: Essays on Kingship and Ritual and a coeditor of Travelling Pasts: The Politics of Cultural Heritage in the Indian Ocean World. Julia Verne is a professor of cultural geography at the Johannes Gutenberg University of Mainz, where she leads a research group on mobility, materiality, and maritimity, with a focus on the western Indian Ocean. Her publications include Living Translocality: Space, Culture, and Economy in Contemporary Swahili Trade and several articles discussing the Indian Ocean as a relational space. Ahmed Yaqoub AlMaazmi is a Ph.D. candidate at Princeton University, Near Eastern Studies Department. His research focuses on the intersection of law, the occult sciences, and the environment across the western Indian Ocean. He can be reached by email at [email protected] or on Twitter @Ahmed_Yaqoub. Listeners’ feedback, questions, and book suggestions are most welcome. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, I was joined by Nicholas Scott Baker to discuss his book, In Fortune’s Theater: Financial Risk and the Future in Renaissance Italy (Cambridge University Press, 2021). Professor Baker is an Associate Professor of history at Macquarie University in Sydney Australia interested in the political and economic cultures of early modern Europe and the Mediterranean, with a particular focus on Renaissance Italy. In this fascinating new book, Professor Baker reveals how Renaissance Italians developed a new concept of the future as unknown time-yet-to-come. As In Fortune’s Theater makes clear, nearly everyone in Renaissance Italy seemingly had the future on their minds. Authorities in important commercial hubs such as Genoa, Venice, Rome, and Florence legislated against overzealous betting on the future. Merchants filled their commercial correspondence with a lexicon of futurity. Famed painters such as Caravaggio, Giorgio Vasari, and Paolo Veronese manipulated the existing iconography of the figure of Fortuna into a moral allegory about unseized opportunity. And seemingly every important Renaissance Italian intellectual including Petrarch, Dante, Christine de Pizan, Poggio Bracciolini, Leon Battista Alberti, Laura Cereta, Giovanni Pontano, Niccolò Machiavelli, Francesco Guicciardini, and Baldassare Castiglione cared deeply about time-yet-to-come. Baker’s book is a rich, multilayered examination of the problems of risk, fortune, and the future in the Renaissance, and it should have broad appeal to anyone interested in the economic and political culture of early modern Europeans. Michael Paul Martoccio is an Assistant Professor of History at the University of Wisconsin-Madison specializing in the economic and military historian of the early modern Mediterranean. I am especially interested in how early modern economic practices – consumerism, market culture, and the commercialization of war – shaped notions of sovereignty, territoriality, and political geography. If you have a title to suggest for this podcast, please contact him at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over six million prime-age men are neither working nor looking for work; America's low unemployment rate hides the fact that many men have dropped out of the workforce altogether. Our workforce participation rate is on par with that seen during the Great Depression. Why does this problem affect men so acutely? Why is it so specific to America? What are these missing men doing with their time? How do we differentiate between leisure and idleness? Demographer and economist Nicholas Eberstadt of the American Enterprise Institute discusses these trends and what they mean for America's future. Eberstadt is the author of Men Without Work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Western culture has been obsessed with regulating society by the precise, accurate measurement of time since the Middle Ages. In On Time: A History of Western Timekeeping (Johns Hopkins UP, 2020), Ken Mondschein explores the paired development of concepts and technologies of timekeeping with human thought. Without clocks, he argues, the modern world as we know it would not exist. From the astronomical timekeeping of the ancient world to the tower clocks of the Middle Ages to the seagoing chronometer, the quartz watch, and the atomic clock, greater precision and accuracy have had profound effects on human society--which, in turn, has driven the quest for further precision and accuracy. This quest toward automation--which gave rise to the Gregorian calendar, the factory clock, and even the near-disastrous Y2K bug--has led to profound social repercussions and driven the creation of the modern scientific mindset. Surveying the evolution of the clock from prehistory to the twenty-first century, Mondschein explains how both the technology and the philosophy behind Western timekeeping regimes came to take over the entire world. On Time is a story of thinkers, philosophers, and scientists, and of the thousand decisions that continue to shape our daily lives. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the late nineteenth century, tens of thousands of diggers, prospectors, merchants, and dealers extracted and shipped over 50 million carats of diamonds from South Africa to London. The primary supplier to the world, South Africa's diamond fields became one of the formative sites of modern capitalist production. At each stage of the diamond's route through the British empire and beyond-from Cape Town to London, from Amsterdam to New York City-carbon gems were primarily mined, processed, appraised, and sold by Jews. In A Brilliant Commodity: Diamonds and Jews in a Modern Setting (Oxford University Press, 2023), historian Dr. Saskia Coenen Snyder traces how once-peripheral Jewish populations became the central architects of a new, global exchange of diamonds that connected African sites of supply, European manufacturing centers, American retailers, and western consumers. Centuries of restrictions had limited Jews to trade and finance, businesses that often heavily relied on internal networks. Jews were well-positioned to become key players in the earliest stage of the diamond trade and its growth into a global industry, a development fueled by technological advancements, a dramatic rise in the demand of luxury goods, and an abundance of rough stones. Relying on mercantile and familial ties across continents, Jews created a highly successful commodity chain that included buyers, brokers, cutters, factory owners, financiers, and retailers. Working within a diasporic ethnic community that bridged city and countryside, metropole and colony, Jews helped build a flourishing diamond industry, notably Hatton Garden in London and the Diamond District of New York City, and a place for themselves in the modern world. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

Adrian Bazbauers and Susan Engel’s 2021 book The Global Architecture of Multilateral Development Banks: A System of Debt or Development? (Routledge, 2023) explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognizable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialized development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinized, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy. Dr. Susan Engel is an Associate Professor in Politics and International Studies and co-Director of the Future of Rights Centre. Her research interests focus on the impact of neoliberalism on development and international political economy. Dr Adrian Robert Bazbauers is a Senior Lecturer in International Public Sector Management, and Undergraduate Coordinator, in the School of Business at UNSW, Canberra. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Rise of the Military Entrepreneur: War, Diplomacy, and Knowledge in Habsburg Europe (Cornell UP, 2022), Suzanne Sutherland explores the role of the military entrepreneur and explains how these international military figures emerged from, and exploited, the seventeenth century's momentous political, military, commercial, and scientific changes. During the Thirty Years' War, these figures traveled rapidly and frequently across Europe using private wealth, credit, and connections to raise and command the armies that rulers desperately needed. Using the individual of Raimondo Montecuccoli (1609–80), a middling nobleman from the Duchy of Modena, who became one of the most powerful men in the Austrian Habsburg monarchy, Sutherland uncovers the influence of military entrepreneurs not only commanders but also diplomats, natural philosophers, information brokers, clients, and subjects on the battlefield. The Rise of the Military Entrepreneur explains how Montecuccoli addressed battlefield, court, and family responsibilities while contributing to the world of scholarship on an often violent, fragmented political-military landscape. As a result, Sutherland shifts the perspective on war away from the ruler and his court to instead examine the figures supplying force, along with their methods, networks, and reflections on those experiences. Douglas Bell is a writer, teacher, and historian who lives in the Netherlands. His research interests center on American military history, American foreign policy, German history, and European Studies. Tweet him @douglasibell. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the Biden Administration's student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve. You can find more information about Dr. Akers and her recent writing and appearances here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The iconic deserts of the American southwest could not have been colonized and settled without the help of desert experts from the Middle East. For example: In 1856, a caravan of thirty-three camels arrived in Indianola, Texas, led by a Syrian cameleer the Americans called "Hi Jolly." This "camel corps," the US government hoped, could help the army secure the new southwest swath of the country just wrested from Mexico. Though the dream of the camel corps - and sadly, the camels - died, the idea of drawing on expertise, knowledge, and practices from the desert countries of the Middle East did not. As Dr. Natalie Koch demonstrates in Arid Empire: The Entangled Fates of Arizona and Arabia (Verso, 2023), this evocative, narrative history, the exchange of colonial technologies between the Arabian Peninsula and United States over the past two centuries - from date palm farming and desert agriculture to the utopian sci-fi dreams of Biosphere 2 and Frank Herbert's Dune - bound the two regions together, solidifying the colonization of the US West and, eventually, the reach of American power into the Middle East. Koch teaches us to see deserts anew, not as mythic sites of romance or empty wastelands but as an "arid empire," a crucial political space where imperial dreams coalesce. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

Touts: Recruiting Indentured Labor in the Gulf of Guinea (de Gruyter, 2022) is a historical account of the troubled formation of a colonial labor market in the Gulf of Guinea and a major contribution to the historiography of indentured labor, which has relatively few reference points in Africa. The setting is West Africa’s largest island, Fernando Po or Bioko in today’s Equatorial Guinea, 100 kilometers off the coast of Nigeria. The Spanish ruled this often-ignored island from the mid-nineteenth century until 1968. A booming plantation economy led to the arrival of several hundred thousand West African, principally Nigerian, contract workers on steamships and canoes. In Touts, Enrique Martino traces the confusing transition from slavery to other labor regimes, paying particular attention to the labor brokers and their financial, logistical, and clandestine techniques for bringing workers to the island. Martino combines multi-sited archival research with the concept of touts as "lumpen-brokers" to offer a detailed study of how commercial labor relations could develop, shift and collapse through the recruiters’ own techniques, such as large wage advances and elaborate deceptions. The result is a pathbreaking reconnection of labor mobility, contract law, informal credit structures and exchange practices in African history. Dr. Enrique Martino is currently a faculty member at the Complutense University of Madrid, and was previously a fellow at the Freiburg Institute for Advanced Studies. Dr. Sara Katz is a Postdoctoral Associate in the History Department at Duke University. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know that things are a little more expensive when we head to the grocery store. But what does inflation actually mean? How did we get to where we are, and what happens next? What does history have to say about our current economic situation? Annika sits down with Tyler Goodspeed of the Hoover Institution. Dr. Goodspeed served in the White House as Acting Chairman of the Council of Economic Advisers from 2020-2021, and was formerly on the Faculty of Economics at the University of Oxford, where he specialized in financial history. Learn more about your ad choices. Visit megaphone.fm/adchoices

When students gathered in a London coffeehouse and smoked tobacco; when Yorkshire women sipped sugar-infused tea; or when a Glasgow family ate a bowl of Indian curry, were they aware of the mechanisms of imperial rule and trade that made such goods readily available? In Eating the Empire: Food and Society in Eighteenth-Century Britain (Reaktion Books, 2020), Troy Bickham unfolds the extraordinary role that food played in shaping Britain during the long eighteenth century (circa 1660–1837), when such foreign goods as coffee, tea, and sugar went from rare luxuries to some of the most ubiquitous commodities in Britain—reaching even the poorest and remotest of households. Bickham reveals how trade in the empire’s edibles underpinned the emerging consumer economy, fomenting the rise of modern retailing, visual advertising, and consumer credit, and, via taxes, financed the military and civil bureaucracy that secured, governed, and spread the British Empire. Troy Bickham is professor of history at Texas A & M University. He is the author of The Weight of Vengeance: The United States, the British Empire, and the War of 1812; Making Headlines: The American Revolution as Seen through the British Press; and Savages within the Empire. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life's necessities, those basic conditions for the "pursuit of happiness." For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace--nothing more. As Mark Paul explains, the latter interpretation--thanks in large part to a particularly influential cadre of economists--has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many. In The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights (University of Chicago Press, 2023), Paul shows how economic rights--rights to necessities like housing, employment, and health care--have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America's founding documents. By drawing on FDR's proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment. Replete with discussions of some of today's most influential policy ideas--from Medicare for All to a federal job guarantee to the Green New Deal--The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right--to ground America's next era in the country's progressive history and carve a path toward a more economically dynamic and equitable nation. Mark Paul is an assistant professor of economics at the Bloustein School of Planning and Public Policy at Rutgers University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power. Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Democracy (Bloomsbury, 2023) by Claire Provost & Matt Kennard is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how resources are allocated, how territories are governed, and how justice is defined. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

The Opium Business: A History of Crime and Capitalism in Maritime China (Stanford UP, 2022) explores the opium trade — but not through the relatively well-trodden history of the ‘Opium Wars.’ Instead, in this wonderfully rich book Peter Thilly investigates the little known social history of the opium trade in coastal southern Fujian province. The Opium Business focuses on the relationship between the state and local businesses, charting how it changed as opium went from contraband to tax staple in the late nineteenth century, and then from tax staple to prohibited commodity in the early twentieth century. While this book is sure to interest anyone keen to learn more about modern Chinese history, the history of capitalism, and the history of global narcotics, this book should also be of interest to anyone looking to read about some truly fascinating individuals who made the 'opium business' happen. By uncovering the history of the tax farmers, roving gangs, smugglers, and 'opium kings' who moved, sold, and hid opium, Thilly's book reminds us that it was people — with competing motivations, complicated backgrounds, and networks of friends — who made the opium trade happen. Sarah Bramao-Ramos is a PhD candidate in History and East Asian Languages at Harvard. She works on Manchu language books and is interested in anything with a kesike. She can be reached at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Breaks in the Air: The Birth of Rap Radio in New York City (Duke UP, 2022), John Klaess tells the story of rap's emergence on New York City's airwaves by examining how artists and broadcasters adapted hip hop's performance culture to radio. Initially, artists and DJs brought their live practice to radio by buying time on low-bandwidth community stations and building new communities around their shows. Later, stations owned by New York's African American elite, such as WBLS, reluctantly began airing rap even as they pursued a sound rooted in respectability, urban sophistication, and polish. At the same time, large commercial stations like WRKS programmed rap once it became clear that the music attracted a demographic that was valuable to advertisers. Moving between intimate portraits of single radio shows and broader examinations of the legal, financial, cultural, and political forces that indelibly shaped the sound of rap radio, Klaess shows how early rap radio provides a lens through which to better understand the development of rap music as well as the intertwined histories of sounds, institutions, communities, and legal formations that converged in the post-Civil Rights era. John Klaess is an independent scholar based in Boston. John on Duke University Press. Bradley Morgan is a media arts professional in Chicago and author of U2's The Joshua Tree: Planting Roots in Mythic America. He manages partnerships on behalf of CHIRP Radio 107.1 FM, serves as a co-chair of the associate board at the Gene Siskel Film Center of the School of the Art Institute of Chicago, and volunteers in the music archive at the Old Town School of Folk Music. Bradley Morgan on Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Contracting Freedom: Race, Empire, and U.S. Guestworker Programs (U Pennsylvania Press, 2022) explores the origins of twentieth-century U.S. guestworker programs from Mexico and the Caribbean. It investigates these government-sponsored programs as the unexplored consequence of the history of enslaved labor, Japanese American incarceration, the New Deal, the long civil rights movement, and Caribbean decolonization. Quintana shifts the focus on guestworker programs to the arena of political conflict, revealing how fierce debates over the bracero program and Caribbean contract labor programs extended and legitimated U.S. racial and imperial domination into the present era. Her work also unearths contract workers' emerging visions of social justice that challenged this reproduction of race and empire, giving freedom new meanings that must be contemplated Dr. Quintana earned her Ph.D. at the University of Washington and taught at San Francisco State’s College of Ethnic Studies before joining the Department of History at California State University, Sacramento. Michael G. Vann is a professor of world history at California State University, Sacramento. A specialist in imperialism and the Cold War in Southeast Asia, he is the author of The Great Hanoi Rat Hunt: Empires, Disease, and Modernity in French Colonial Vietnam (Oxford University Press, 2018). When he’s not reading or talking about new books with smart people, Mike can be found surfing in Santa Cruz, California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Parking, quite literally, has a death grip on America: each year a handful of Americans are tragically killed by their fellow citizens over parking spots. But even when we don't resort to violence, we routinely do ridiculous things for parking, contorting our professional, social, and financial lives to get a spot. Indeed, in the century since the advent of the car, we have deformed--and in some cases demolished--our homes and our cities in a Sisyphean quest for cheap and convenient car storage. As a result, much of the nation's most valuable real estate is now devoted exclusively to empty and idle vehicles, even as so many Americans struggle to find affordable housing. Parking determines the design of new buildings and the fate of old ones, patterns of traffic and the viability of transit, neighborhood politics and municipal finance, the quality of public space, and even the course of floodwaters. Can this really be the best use of our finite resources and space? Why have we done this to the places we love? Is parking really more important than anything else? These are the questions Slate staff writer Henry Grabar sets out to answer, telling a mesmerizing story about the strange and wonderful superorganism that is the modern American city. In Paved Paradise: How Parking Explains the World (Penguin, 2023), Grabar brilliantly surveys the pain points of the nation's parking crisis, from Los Angeles to Disney World to New York, stopping at every major American city in between. He reveals how the pathological compulsion for car storage has exacerbated some of our most acute problems--from housing affordability to the accelerating global climate disaster--ultimately, lighting the way for us to free our cities from parking's cruel yoke. Brian Hamilton is a Ph.D. candidate at the University of Wisconsin–Madison where he is researching African American environmental history. A Maine native, he lives in Western Massachusetts and chairs the History and Social Science Department at Deerfield Academy. Learn more about your ad choices. Visit megaphone.fm/adchoices

How have platforms transforming the world of work? In Work and Alienation in the Platform Economy: Amazon and the Power of Organisation (Bristol UP, 2023), Sarrah Kassem, a Lecturer and Research Associate in the field of Political Economy at the Institute of Political Science at the University of Tübingen, uses a case study of Amazon to explore issues of alienation and resistance in contemporary working life. The book adapts and develops key Marxist inspired theories to chart the rise of the platforms, and Amazon’s role within this set of both digital and physical industries. Examining warehouses, MTurk, and the broader gig economy, the book offers strategies for resistance and solidarity as well as detailed analysis. It will be essential reading across the social sciences, as well as for anyone interested in work and labour today. Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield. Learn more about your ad choices. Visit megaphone.fm/adchoices

When the COVID-19 pandemic led to a global economic "shutdown" in March 2020, our supply chains began to fail, and out-of-stocks and delivery delays became the new norm. Contrary to public perception, the pandemic strain did not break the current system of supply chains; it merely exposed weaknesses and fault lines that were decades in the making, and which were already acutely felt in deindustrialized cities and depopulated rural towns throughout the United States. Reinventing the Supply Chain: A 21st-Century Covenant with America (Georgetown UP, 2023) explores the historical role of supply chains in the global economy, outlines where the system went wrong and what needs to be done to fix it, and demonstrates how a retooled supply chain can lead to the revitalization of American communities. Jack Buffington proposes a transformation of the global supply chain system into a community-based value chain, led by the communities themselves and driven by digital platforms for raising capital and blockchain technology. Buffington proposes new solutions to problems that have been decades in the making. With clear analysis and profound insight, Buffington provides a clear roadmap to a more durable and efficient system. Jack Buffington is an assistant professor of the practice in supply chain management in the marketing department at the Daniels College of Business. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (PublicAffairs, 2023) is a groundbreaking work by bestselling authors Daron Acemoglu and Simon Johnson, in which they challenge conventional wisdom about the role of technology in driving prosperity. The authors argue that technology is not a neutral force working in the public interest but is shaped by the interests and beliefs of the powerful. Those who control technology are the ones who benefit from it, leaving the rest of society with the illusion of progress. The authors provide a historical account of how technological choices have shaped the course of history, from the appropriation of the economic surplus of the Middle Ages by an ecclesiastical elite to the making of vast fortunes from digital technologies today, while millions of people are pushed towards poverty. The authors emphasize that technological progress can either serve the narrow interests of an elite or become the foundation for widespread prosperity. The book presents a manifesto for building a better society by using the tremendous digital advances of the last half century to create useful and empowering tools, rather than marginalizing most people through automated work and political passivity. The authors argue that to achieve the true potential of innovation, we need to ensure that technology is creating new jobs and opportunities for everyone. The book offers a vision to reimagine and reshape the path of technology, ensuring that it leads to true shared prosperity. Power and Progress offers a fresh perspective on how technology shapes our lives and highlights the need for a more democratic approach to technological progress. The book provides a compelling argument that the path of technology is not predetermined but can be brought under control to ensure that it benefits everyone, not just a few powerful individuals or corporations. The authors provide an insightful analysis of the power dynamics that underlie technological progress, and their manifesto for a better society is a call to action for policymakers, business leaders, and individuals alike. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the late nineteenth and early twentieth centuries, employers, government officials, journalists, and powerful individuals deployed a variety of violent tactics to control ordinary people and workers who sought to secure power in and out of workplaces. In the face of worker resistance, employers and their allies collaborated to use a variety of extralegal repressive techniques, including whippings, kidnappings, drive-out campaigns, incarcerations, arsons, hangings, and shootings, as well as less overtly illegal tactics such as shutting down meetings, barring speakers from lecturing through blacklists, and book burning. Drawing together the various groups who engaged in this violence, Chad E. Pearson's book Capital's Terrorists: Klansmen, Lawmen, and Employers in the Long Nineteenth Century (UNC Press, 2022) shows how the original Ku Klux Klan, various Law and Order Leagues, Stockgrowers' organizations, and Citizens' Alliances engaged in violence and were driven by unambiguous economic and managerial interests. While often discussed separately, all of these groups employed similar language to smear ordinary people, including former slaves, populists, political radicals, and striking workers, as menacing an violent villains who threatened polite society - justifying their actions by insisting that they were upholding "law and order." This book thus suggests that law and order politics emerged in the campaigns of organized terror against an assortment of ordinary people across racial lines conducted by Klansmen, lawmen, vigilantes, and union busters during the late nineteenth and early twentieth centuries. Douglas Bell is a writer, teacher, and historian who lives in the Netherlands. His research interests center on American military history, American foreign policy, German history, and European Studies. Tweet him @douglasibell. Learn more about your ad choices. Visit megaphone.fm/adchoices

This agricultural history explores the transformation of the Santa Clara Valley over the past one hundred years from America's largest fruit-producing region into the technology capital of the world. In the latter half of the twentieth century, the region's focus shifted from fruits--such as apricots and prunes--to computers. Both personal and public rhetoric reveals how a sense of place emerges and changes in an evolving agricultural community like the Santa Clara Valley. In Valley of Heart's Delight: Environment and Sense of Place in the Santa Clara Valley (U California Press, 2022), Anne Marie Todd explores the concepts of place and placelessness, arguing that place is more than a physical location and that exploring a community's sense of place can help us to map how individuals experience their natural surroundings and their sense of responsibility towards the local environment. Todd extends the concept of sense of place to describe Silicon Valley as a non-place, where weakened or disrupted attachment to place threatens the environment and community. The story of the Santa Clara Valley is an American story of the development of agricultural lands and the transformation of rural regions. Dr. Stephen R. Hausmann is an assistant professor of history at the University of St. Thomas in Minnesota. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Emergence of Arthur Laffer: The Foundations of Supply-Side Economics in Chicago and Washington, 1966–1976 (Palgrave Macmillan, 2021) explores the origins of Arthur Laffer’s economic theories and how they became a part of mainstream economic policy. Utilizing interviews and archival material, Laffer’s life is traced from his early education through to his time working for the Nixon and Reagan administrations. Laffer’s influence on Reaganomics is discussed alongside the development of supply-side economics, the shift towards neoliberal policies, and the Laffer curve. This book aims to contextualize the work of Laffer within archival research and wider economic trends. It will be relevant researchers and policy makers interested in the history of economic thought and the political economy. Brian Domitrovic is the Richard S. Strong Scholar at the Laffer Center. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Sugarland: The Transformation of the Countryside in Communist Albania (Central European UP, 2023), Artan Hoxha discusses the ambitious development project in state socialist Albania that turned a swampland into a site of sugar production after 1945. The author seeks to free the history of Albanian communism from the stereotypes that still circulate about it with stigmas of an aberration, paranoia, extreme nationalism, and xenophobia. This micro-history of the agricultural and industrial transformation of a zone in southeastern Albania, explores a wide range of issues including modernization, development, and social, cultural, and economic policies. In addition to analyzing the collectivization of agriculture, Hoxha shows how communism affected the lives of ordinary rural people. As elsewhere in the Communist Bloc, the Albanian regime borrowed developmental projects from the past and implemented them using social mobilization and a command economy. The abundant archival resources along with interviews in the field attest to the authorities' efforts to increase consumption and to radically transform people's tastes. But the book argues that despite the repressive environment, people involved in the sugar project were not simply passive receivers of models from the nation's capital. The author also describes that—in defiance of Cold War bipolarity—technological requirements and social policy considerations required a degree of engagement with the broader world. Roland Clark is a Reader in Modern European History at the University of Liverpool, a Senior Fellow with the Centre for Analysis of the Radical Right, and the Principal Investigator of an AHRC-funded project on European Fascist Movements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Banks have taken a backseat since the global financial crisis over a decade ago. Today, our new financial masters are asset managers, like Blackstone and BlackRock. And they don't just own financial assets. The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and even the homes in which many of us live-all now swell asset managers' bulging investment portfolios. As the owners of more and more of the basic building blocks of everyday life, asset managers shape the lives of each and every one of us in profound and disturbing ways. In Our Lives in Their Portfolios: Why Asset Managers Own the World (Verso, 2023) , Brett Christophers peels back the veil on "asset manager society." Asset managers, he shows, are unlike traditional owners of housing and other essential infrastructure. Buying and selling these life-supporting assets at a dizzying pace, the crux of their business model is not long-term investment and careful custodianship but making quick profits for themselves and the investors that back them. In asset manager society, the natural and built environments that sustain us become one more vehicle for siphoning money from the many to the few. Brett Christophers is a professor in the Department of Human Geography and the Institute for Housing and Urban Research at Uppsala University in Sweden. His previous books include The New Enclosure: The Appropriation of Public Land in Neoliberal Britain (2019) and Rentier Capitalism: Who Owns the Economy, and Who Pays for It? (2020). Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Continental Reckoning: The American West in the Age of Expansion (U Nebraska Press, 2023) renowned historian Elliott West presents a sweeping narrative of the American West and its vital role in the transformation of the nation. In the 1840s, by which time the United States had expanded to the Pacific, what would become the West was home to numerous vibrant Native cultures and vague claims by other nations. Thirty years later it was organized into states and territories and bound into the nation and world by an infrastructure of rails, telegraph wires, and roads and by a racial and ethnic order, with its Indigenous peoples largely dispossessed and confined to reservations. Unprecedented exploration uncovered the West’s extraordinary resources, beginning with the discovery of gold in California within days of the United States acquiring the territory following the Mexican-American War. As those resources were developed, often by the most modern methods and through modern corporate enterprise, half of the contiguous United States was physically transformed. Continental Reckoning guides the reader through the rippling, multiplying changes wrought in the western half of the country, arguing that these changes should be given equal billing with the Civil War in this crucial transition of national life. As the West was acquired, integrated into the nation, and made over physically and culturally, the United States shifted onto a course of accelerated economic growth, a racial reordering and redefinition of citizenship, engagement with global revolutions of science and technology, and invigorated involvement with the larger world. The creation of the West and the emergence of modern America were intimately related. Neither can be understood without the other. With masterful prose and a critical eye, West presents a fresh approach to the dawn of the American West, one of the most pivotal periods of American history. Andrew R. Graybill is professor of history and director of the William P. Clements Center for Southwest Studies at Southern Methodist University in Dallas, Texas. He is the author of The Red and the White: A Family Saga of the American West (Liveright, 2013). Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Thomas Aiello joins E. James West to discuss Practical Radicalism and the Great Migration: The Cultural Geography of the Scott Newspaper Syndicate (University of Georgia Press, 2023). Building on his earlier book The Grapevine of the Black South, which focused on the rise and fall of the Scott Newspaper Syndicate through its flagship publication the Atlanta Daily World, this book further reshapes the place of southern newspapers in the historiography of Black journalism. Practical Radicalism and the Great Migration traces the development and trajectory of the individual newspapers of the Syndicate, evaluating those with surviving issues, and presenting them as they existed in proximity to their Atlanta hub. In so doing, he emphasizes the thread of practical radicalism that ran through Syndicate editorial policy, providing a fuller picture of the Scott Newspaper Syndicate and the Black press in the 1930s, 1940s, and 1950s. James West is a historian of race, media and business in the modern United States and Black diaspora. Author of "Ebony Magazine and Lerone Bennett Jr.: Popular Black History in Postwar America" (Illinois, 2020), "A House for the Struggle: The Black Press and the Built Environment in Chicago" (Illinois, 2022), "Our Kind of Historian: The Work and Activism of Lerone Bennett Jr. (Massachusetts, 2022). Learn more about your ad choices. Visit megaphone.fm/adchoices

The Paraguayan Chaco is a settler frontier where cattle ranching and agrarian extractivism drive some of the world's fastest deforestation and most extreme land tenure inequality. Disrupting the Patrón: Indigenous Land Rights and the Fight for Environmental Justice in Paraguay's Chaco (U California Press, 2023) shows that environmental racism cannot be reduced to effects of neoliberalism but stems from long-standing social-spatial relations of power rooted in settler colonialism. Historically dispossessed of land and exploited for their labor, Enxet and Sanapaná Indigenous peoples nevertheless refuse to abide settler land control. Based on long-term collaborative research and storytelling, Joel E. Correia shows that Enxet and Sanapaná dialectics of disruption enact environmental justice by transcending the constraints of settler law through the ability to maintain and imagine collective lifeways amidst radical social-ecological change. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breakfast Cereal: A Global History (Reaktion, 2023) by Dr. Kathryn Dolan presents the long, distinguished and surprising history of breakfast cereal. Simple, healthy and comforting, breakfast cereals are a perennially popular way to start the day around the world. They have a long, distinguished and surprising history – around 10,000 years ago, with the advent of agriculture, people began breaking their fast with porridges made from wheat, rice, corn and other grains. It was only in the second half of the nineteenth century, however, in the United States, that a series of entrepreneurs and food reformers created the breakfast cereals we recognize today: Kellogg’s Corn Flakes, Cheerios and Quaker Oats, among others. In this global, entertaining and well-illustrated account, Dr. Dolan explores the history of breakfast cereals, including many historical and modern recipes that the reader can try at home. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

Look at a map of the world and you'll see a colorful checkerboard of nation-states. But this is not where power actually resides. Over the last decade, globalization has shattered the map into different legal spaces: free ports, tax havens, special economic zones. With the new spaces, ultracapitalists have started to believe that it is possible to escape the bonds of democratic government and oversight altogether. Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy (Metropolitan Books, 2023) follows the most notorious radical libertarians--from Milton Friedman to Peter Thiel--around the globe as they search for the perfect space for capitalism. Historian Quinn Slobodian leads us from Hong Kong in the 1970s to South Africa in the late days of apartheid, from the neo-Confederate South to the former frontier of the American West, from the medieval City of London to the gold vaults of right-wing billionaires, and finally into the world's oceans and war zones, charting the relentless quest for a blank slate where market competition is unfettered by democracy. A masterful work of economic and intellectual history, Crack-Up Capitalism offers both a new way of looking at the world and a new vision of coming threats. Full of rich details and provocative analysis, Crack-Up Capitalism offers an alarming view of a possible future. Quinn Slobodian is a professor of the history of ideas at Wellesley College. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

The rise to power of populists like Donald Trump is usually attributed to the shifting values and policy preferences of voters-the demand side. Paul Kenny's Why Populism?: Political Strategy from Ancient Greece to the Present (Cambridge UP, 2023) shifts the public debate on populism and examines the other half of the equation-the supply side. Kenny argues that to understand the rise of populism is to understand the cost of different strategies for winning and keeping power. For the aspiring leader, populism-appealing directly to the people through mass communication-can be a quicker, cheaper, and more effective strategy than working through a political party. Probing the long history of populism in the West from its Ancient Greek roots to the present, this highly readable book shows that the 'economic laws of populism are constant.' 'Forget ideology. Forget resentment. Forget racism or sexism.' Populism, the author writes, is the result of a hidden strategic calculus. Paul Kenny is Professor of Political Science at IHSS at Australian Catholic University and a Visiting Fellow at the Australian National University. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825 (Palgrave Macmillan, 2023) by Dr. Charles Read exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s. Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its history—between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard. Economists and policymakers have asked what can be learnt from Britain’s experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britain’s financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences. This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

The Venice Arsenal: Between History, Heritage, and Re-Use (Routledge, 2022) reviews four decades of debate about restoring an industrial heritage site of inestimable value - the Venice Arsenal. Focusing on the challenges of economic, financial and institutional feasibility, it reveals how failing to address these aspects has undermined potential solutions from both technicians and heritage professionals. With a deep connection to the city over centuries, the Arsenal was the very basis of La Serenissima's sea power, enabling its economic expansion. Later, it maintained a vital military function through shipbuilding until World War II. But the slow process of abandonment of the traditional site's uses and spaces continues to pose questions regarding its preservation and re-use. Drawing on original research from urban planners, architects and historians, the book provides a critical investigation into the organizational and managerial challenges of this unique site, and crucially, why so little has been achieved compared with potential opportunities. Featuring numerous color photographs and exploring the particular challenges of restoration and re-use facing the Venice Arsenal, this insightful evaluation of the history of this site provides a uniquely informative case for the discipline of industrial heritage. Luca Zan, a faculty member at the University of Bologna, teaches and researches in Arts management from different perspectives in Italy, the United States (Carnegie Mellon University, and China (China Academy of Fine Arts). His research has international comparative perspective with fieldwork in China, Turkey, Peru, Ecuador, and Europe. His contributions also include management and accounting in historical perspectives, particularly on the history of the Venice Arsenal. He has been the author or coauthor of Managerial Rhetoric and Arts Organizations, 2006; The Management of Cultural Heritage in China, 2008; Managing Cultural Heritage, 2016; Heritage Sites in Contemporary China, 2018; The Venice Arsenal. Between History Heritage and Re-use, 2022. Along side academic activities Zan is actively involved in the management of arts/heritage organizations. Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo Learn more about your ad choices. Visit megaphone.fm/adchoices