New Books in Economic and Business History

Every year between 1998 to 2020 except one, Louisiana had the highest per capita rate of incarceration in the nation and thus the world. Prison Capital: Mass Incarceration and Struggles for Abolition Democracy in Louisiana (University of North Carolina Press, 2023) is the first detailed account of Louisiana's unprecedented turn to mass incarceration from 1970 to 2020. Through extensive research, Dr. Lydia Pelot-Hobbs illuminates how policy makers enlarged Louisiana's carceral infrastructures with new prisons and jail expansions alongside the bulking up of police and prosecutorial power. At the same time, these infrastructures were the products of multiscalar crises: the swings of global oil capitalism, liberal federal court and policy interventions, the rise of neoliberal governance and law-and-order austerity, and racist and patriarchal moral panics surrounding "crime." However, these crises have also created fertile space for anticarceral social movements. From incarcerated people filing conditions of confinement lawsuits and Angola activists challenging life without parole to grassroots organizers struggling to shrink the New Orleans jail following Hurricane Katrina and LGBTQ youth of color organizing against police sexual violence, grassroots movements stretch us toward new geographies of freedom in the lineage of abolition democracy. Understanding Louisiana's carceral crisis extends our understanding of the interplay between the crises of mass criminalization and racial capitalism while highlighting the conditions of possibility for dismantling carceral power in all its forms. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Painting US Empire: Nineteenth-Century Art and Its Legacies (University of Chicago Press, 2025) by Dr. Maggie Cao is the first book to offer a synthetic account of art and US imperialism around the globe in the nineteenth century. In this work, art historian Dr. Cao crafts a nuanced portrait of nineteenth-century US painters’ complicity with and resistance to ascendant US imperialism, offering eye-opening readings of canonical works, landscapes of polar expeditions and tropical tourism, still lifes of imported goods, genre paintings, and ethnographic portraiture. Revealing how the US empire was “hidden in plain sight” in the art of this period, Dr. Cao examines artists including Frederic Edwin Church and Winslow Homer who championed and expressed ambivalence toward the colonial project. She also tackles the legacy of US imperialism, examining Euro-American painters of the past alongside global artists of the present. Pairing each chapter with reflections on works by contemporary anticolonial artists including Tavares Strachan, Nicholas Galanin, and Yuki Kihara, Dr. Cao addresses important contemporary questions around representation, colonialism, and indigeneity. This book foregrounds an underacknowledged topic in the study of nineteenth-century US art and illuminates the ongoing ecological and economic effects of the US empire. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unruly Labor: A History of Oil in the Arabian Sea (Stanford UP, 2024) by Andrea Wright offers a critical and nuanced examination of the labor regimes that sustain the oil economies of the Arabian Peninsula. Challenging dominant narratives centered on state-building, elite wealth, and resource control, Wright focuses on the transnational laborers whose work has been essential to the region’s economic development. She explores how oil extractive economies depend not only on physical resources but also on the regulation, mobility, and discipline of migrant workers, particularly those from South Asia. The book traces the histories of labor migration across the Arabian Sea, revealing how colonial legacies, neoliberal policies, and contemporary state practices shape the lives of migrant workers. Wright argues that rather than being passive victims of state control, these workers navigate complex systems of power, leveraging networks and strategies to resist exploitation. From recruitment agencies in India to labor camps in the Gulf, she uncovers how workers contest the structures designed to discipline them—sometimes subtly, through everyday acts of defiance, and sometimes through overt resistance. At the heart of Unruly Labor is a critique of how oil economies function not just through the material extraction of petroleum but through the extraction of labor itself. Wright draws on ethnographic research, archival sources, and interviews to illustrate the racialized and gendered hierarchies embedded in these labor systems. She examines how Gulf states, in collaboration with sending countries, enforce restrictive labor policies that render migrants both essential and disposable. Yet, despite these constraints, migrants carve out spaces of agency, forging solidarity and alternative futures within and beyond the oil economy. By linking the history of oil to the lived experiences of laborers, Wright offers a compelling intervention in studies of the Gulf, labor migration, and global capitalism. Unruly Labor is essential reading for scholars of anthropology, history, and political economy, as well as anyone interested in the hidden forces that sustain global energy markets. Learn more about your ad choices. Visit megaphone.fm/adchoices

Becoming couture: The Italian fashion industry after the Second World War (Manchester University Press, 2024) by Dr. Chiara Faggella is the first book to examine the history of the Italian fashion industry during the global transition brought about by the Second World War. It draws on a wide range of primary sources, some of them newly unearthed, to demonstrate that the Italian fashion industry in the Republican era continued to rely on business practices and professionals established during Fascism. Analysing changes in promotional discourses and press coverage, the book traces the shift that occurred when manufacturers were encouraged to expand their exports of accessories to include sportswear, knitwear and moda boutique. This ultimately led to the legitimisation of Italian dressmaking as creatively independent of French influences and therefore worthy of the label 'couture'. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1891 J. Murakami travelled from Japan, via San Francisco, to Vancouver Island and began working in and around Victoria. His occupation: creating permanent images on the skin of paying clients. From this early example of tattooing as work, in Needle Work: A History of Commercial Tattooing in Canada (McGill-Queen’s University Press, 2024) Dr. Jamie Jelinski takes us from coast to coast with detours to the United States, England, and Japan as he traces the evolution of commercial tattooing in Canada over more than one hundred years. Needle Work offers insight into how tattoo artists navigated regulation, the types of spaces they worked in, and the dynamic relationship between the images they tattooed on customers and other forms of visual culture and artistic enterprise. Merging biographical narratives with an examination of tattooing’s place within wider society, Dr. Jelinski reveals how these commercial image makers bridged conventional gaps between cultural production and practical, for-profit work, thereby establishing tattooing as a legitimate career. Richly illustrated and drawing on archives, print media, and objects held in institutions and private collections across Canada and beyond, Needle Work provides a timely understanding of a vocation that is now familiar but whose intricate history has rarely been considered. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, rural sociologist Dr. Irna Hofman explores how Tajikistan’s cotton fields illuminate shifting power dynamics in Central Asia, historically and in the present. She discusses how the Soviet Union once showcased cotton production to visiting delegations—particularly from Muslim-majority countries—as evidence of its development model. Now, as global powers, including Russia, China, and the EU, vie for influence in the region, cotton has again become a strategic commodity—used to forge political ties, secure resources, and drive infrastructure projects. Hofman highlights local communities’ active role in shaping these developments, emphasizing that rural landscapes are not simply backdrops for a “New Great Game,” but sites where broader geopolitical forces and grassroots agency intersect. Through her long-term fieldwork, she illustrates how Tajik farmers navigate and negotiate these overlapping external interests, and in doing so, reframe Central Asia’s future amidst geopolitical tensions. Dr. Hofman specializes in agrarian and social change in Central Asia, where she has worked since 2012. She completed post-doctoral research at Oxford's Faculty of Asian and Middle Eastern Studies as part of an ERC-funded project "China, law and development." In 2019, she obtained her Ph.D. from Leiden University in the Netherlands with a dissertation focused on the political economy of agrarian transformation in Tajikistan: "Cotton, control, and continuity in disguise: The political economy of agrarian transformation in lowland Tajikistan." Her research interests span political economy, political ecology, and political sociology. In recent years, she has focused on rural labour, gender, and commodity politics. Dr. Hofman is completing a monograph based on her dissertation and post-doctoral research projects. Her research agenda for the coming years centers on the rural everyday of geopolitics, focusing on China's growing assertiveness in the global agrifood regime, shifting geographies of production, and rural labour. Dr Irna Hofman | School of Geography and the Environment | University of Oxford @irnahofman Resources: Hofman, I. (2024) Seeds of empire or seeds of friendship? The politics of the diffusion of Chinese crop seeds in Tajikistan. Journal of Agrarian Change, 24(2): e12581. Hofman, I. (2022) Tajikistan. The people's map of global China Hofman, I. (2021) Migration, crop diversification, and adverse incorporation: Understanding the repertoire of contention in rural Tajikistan. Canadian Journal of Development Studies, 42(4): 499-518. Hofman, I. (2021). Chinese cotton diplomacy in Tajikistan: greasing the ties by reviving the cotton economy. Research Brief. Hofman, I. (2018). Politics or profits along the “Silk Road”: What drives Chinese farms in Tajikistan and helps them thrive? In The Geoeconomics and Geopolitics of Chinese Development and Investment in Asia, pp. 183-208. Routledge. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Library of Mistakes is a library located in Edinburgh, Scotland dedicated to financial and economic history. Russell Napier, the founder and keeper of the library is a professor at The Edinburgh Business School and investment manager. In this wide-ranging discussion, Russell discusses his work as a practitioner and a scholar of financial crises. He also discusses how and why he started a library, in addition to his writing on financial history. Professor Russell Napier is the author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC- a business he now co-owns with D.C. Thomson. Caleb Zakarin is editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why has the United Kingdom, historically one of the strongest democracies in the world, become so unstable? What changed? Late Soviet Britain: Why Materialist Utopias Fail (Cambridge UP, 2023) demonstrates that a major part of the answer lies in the transformation of its state. It shows how Britain championed radical economic liberalisation only to weaken and ultimately break its own governing institutions. The crisis of democracy in rich countries has brought forward many urgent analyses of neoliberal capitalism. This book explores for the first time how the 'governing science' in Leninist and neoliberal revolutions fails for many of the same reasons. These systems may have been utterly opposed in their political values, but Abby Innes argues that when we grasp the kinship in their closed-system forms of economic reasoning and their strategies for government, we may better understand the causes of state failure in what remains an inescapably open-system reality. Abby Innes is Associate Professor of Political Economy in the European Institute at the LSE. 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

Since their origins in eighteenth-century England, railroads have spread across the globe, changing everything in their path, from where and how people grew and made things to where and how they lived and moved. Railroads rewrote not only world geography but also the history of maps and mapping. Today, the needs of train companies and their users continue to shape the maps we consume and consult. Featuring full-color maps primarily from the British Library's distinguished collection--many of them never before published--A History of the Railroad in 100 Maps is the first international history of railroads and railroad infrastructure told through maps. Jeremy Black includes examples from six continents, spanning a variety of uses from railroad planning and operations to guides for passengers, shippers, and tourists. Arranged chronologically, the maps are accompanied by explanatory text that sheds light on the political, military, and urban development histories associated with the spread of railroads. A final chapter considers railroad maps from games, books, and other cultural artifacts. For anyone interested in the history of railroads or maps, A History of the Railroad in 100 Maps (U Chicago Press, 2024) will offer new and unexpected insights into their intertwined global history. Learn more about your ad choices. Visit megaphone.fm/adchoices

Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Class Meets Land: The Embodied History of Land Financialization (University of California Press, 2024) by Dr. Maria Kaika & Dr. Luca Ruggiero reveals something seemingly counterintuitive: that nineteenth-century class struggles over land are deeply implicated in the transition to twenty-first-century financial capitalism. Challenging our understanding of land financialization as a recent phenomenon propelled by high finance, Dr. Kaika and Dr. Ruggiero foreground 150 years of class struggle over land as a catalyst for assembling the global financial constellation. Narrating the close-knit histories of industrial land, industrial elites, and the working class, the authors offer a novel understanding of land financialization as a “lived” process: the outcome of a relentless, socially embodied historical unfolding, in which shifts in land’s material, economic, and symbolic roles impact both local everyday lives and global capital flows. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the early modern period, both legal and illegal maritime predation was a common occurrence, but the expansion of European maritime empires exacerbated existing and created new problems of piracy across the globe. The Problem of Piracy in the Early Modern World (Amsterdam UP, 2024) addresses these early modern problems in three sections: first, states' attempts to exercise jurisdiction over seafarers and their actions; second, the multiple predatory marine practices considered 'piracy'; and finally, the many representations made about piracy by states or the seafarers themselves. Across nine chapters covering regions including southeast Asia, the Atlantic archipelago, the North African states, and the Caribbean Sea, the complexities of defining and criminalizing maritime predation is explored, raising questions surrounding subjecthood, interpolity law, and the impacts of colonization on the legal and social construction of ocean, port, and coastal spaces. Seeking the meanings and motivations behind piracy, this book reveals that while European states attempted to fashion piracy into a global and homogenous phenomenon, it was largely a local and often idiosyncratic issue. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hollywood Unions (Rutgers UP, 2024) is a unique collection that tells the stories of the unions and guilds that have organized motion picture and television labor: IATSE, the DGA, SAG-AFTRA, and the WGA. The Hollywood unions represent a wide swath of the workers making media: from directors and stars to grips and makeup artists. People today know some of these organizations from their glitzy annual awards celebrations, but the unions’ actual importance is in bargaining with the Association of Motion Picture and Television Producers (AMPTP) on behalf of 331,000 workers in the motion picture and television industry. The Hollywood unions are not neutral institutions but rather have long histories of jurisdictional battles, competitions with rival unions, and industry-altering strikes. They have supported the industry’s workers through the Great Depression, World War II, the McCarthy era, the collapse of the studio system, the rise of television, runaway production, fights for gender parity, the digital revolution, and a global pandemic. The history of these unions has contributed to making media work sustainable in the long term and helped shape the conditions and production cultures of Hollywood. Learn more about your ad choices. Visit megaphone.fm/adchoices

How Americans think about work changed profoundly over the course of the twentieth century. Thrift and persistence came to seem old-fashioned. Successful workers were increasingly expected to show initiative and enthusiasm for change—not just to do their jobs reliably but to create new opportunities for themselves and for others. Our culture of work today is more demanding than ever, even though workers haven't seen commensurate rewards. Make Your Own Job: How the Entrepreneurial Work Ethic Exhausted America (Harvard University Press, 2025) by Dr. Erik Baker explains how this entrepreneurial work ethic took hold, from its origins in late nineteenth-century success literature to the gig economy of today, sweeping in strange bedfellows: Marcus Garvey and Henry Ford, Avon ladies and New Age hippies. Business schools and consultants exhorted managers to cultivate the entrepreneurial spirit in their subordinates, while an industry of self-help authors synthesized new ideas from psychology into a vision of work as “self-realization.” Policy experts embraced the new ethic as a remedy for urban and Third World poverty. Every social group and political tendency, it seems, has had its own exemplary entrepreneurs. Dr. Baker argues that the entrepreneurial work ethic has given meaning to work in a world where employment is ever more precarious––and in doing so, has helped legitimize a society of mounting economic insecurity and inequality. From the advent of corporate capitalism in the Gilded Age to the economic stagnation of recent decades, Americans have become accustomed to the reality that today’s job may be gone tomorrow. Where work is hard to find and older nostrums about diligent effort fall flat, the advice to “make your own job” keeps hope alive. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our book is: Big Box USA: The Environmental Impact of America’s Biggest Retail Stores (UP of Colorado, 2024) which presents a new look at how the big box retail store has dramatically reshaped the US economy and its ecosystems in the last half century. From the rural South to the frigid North, from inside stores to ecologies far beyond, this book examines the relationships that make up one of the most visible features of late twentieth-century and early twenty-first-century American life. The rise of big box retail since the 1960s has transformed environments on both local and global scales. Almost everyone has explored the aisles of big box stores. The allure of “everyday low prices” and brightly colored products of every kind connect shoppers with a global marketplace. Contributors join a growing conversation between business and environmental history, addressing the ways American retail institutions have affected physical and cultural ecologies around the world. Essays on Walmart, Target, Cabela’s, REI, and Bass Pro Shops assess the “bigness” of these superstores from “smokestacks to coat racks” and contend that their ecological impacts are not limited to the footprints of parking lots and manufacturing but also play a didactic role in educating consumers about their relationships with the environment. A model for historians seeking to bring business and environmental histories together in their analyses of merchant capital’s role in the landscapes of everyday life and how it has remade human relationships with nature, Big Box USA is a must-read for students and scholars of the environment, business, sustainability, retail professionals, and a general audience. Our guest is: Dr. Rachel Gross, who is assistant professor of history at the University of Colorado Denver, where she teaches US environmental, business, and public history. She works with university and community partners to bring history into the public realm. She is the author of Shopping All the Way to the Woods: How the Outdoor Industry Sold Nature to America, and the co-editor of Big Box USA: The Environmental Impact of America’s Biggest Retail Stores. Our host is: Dr. Christina Gessler, who is the creator, producer and show host of the Academic Life podcast. She uses her PhD in history to explore what stories we tell, and what happens to those we never tell. Listeners may enjoy this playlist: Disabled Ecologies The Killer Whale Journals Stylish Academic Writing A Conversation with the editor of University of Wyoming Press The Peer Review At Every Depth Welcome to Academic Life, the podcast for your academic journey—and beyond! You can support the show by downloading or sharing episodes. Join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 240+ Academic Life episodes? Find them here. And thank you for listening! Learn more about your ad choices. Visit megaphone.fm/adchoices

In Chasing Archipelagic Dreams: The Expansion of Foreign Influence in Sabah amid the End of Empire, 1945–1965 (Cornell University Press, 2024), Dr. David R. Saunders demonstrates that the withdrawal of the British imperial state from Sabah did not result in the decolonization of the territory. From the late 1940s to the 1960s, international anti-colonialism interacted with regional competition over Sabah to result in a paradoxical increase of British power and influence on the ground. Meanwhile, ethnic, social, and political heterogeneity in Sabah contributed to fragmentation and disunity, undermining the development of a local anti-colonial movement. Instead, a class of influential local elites seized power as competing attempts by the Philippines, Indonesia, and Malaya to incorporate the territory into their respective archipelagic spheres grew in strength. Due to these local and international rivalries, Dr. Saunders argues, Sabah's eventual merger with the Federation of Malaysia in 1963 prompted an extension of colonial-style rule, resource extraction, the suppression of local autonomy, and the imposition of an externally-configured national identity. Chasing Archipelagic Dreams underscores the significance of regional rivalries in the South China Sea and highlights the fate of subaltern communities bisected by (post)colonial borders. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

A History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms highlights how, since the recent financial crises, the expression ‘liberal reform’ has entered common parlance as an evocative image of austerity and economic malaise, especially for the working classes and a segment of the middle class. But what exactly does ‘liberal reform’ refer to? The research analyzes the historical origins of liberal-capitalist reformism using a critical approach, starting with the origins of the Industrial Revolution. The book demonstrates that the chief purpose of such reforms was to integrate semi-peripheral states into the capitalist world-economy by imposing, both directly and indirectly, the adoption of rules, institutions, attitudes, and procedures amenable to economic and political interests of capitalist élites and hegemonic states – Britain first, the United States later – between the nineteenth and twenty-first centuries. As such, the reforms became an active tool used to promote social-economical-financial institutions, norms, and lifestyles typical of a liberal-capitalist economic order which locates some of its founding values in capital accumulation, profit-seeking, and social transformation. This book will be of significant interest to readers on capitalism, political economy, the history of the global economy, and British history. Giampaolo Conte is Assistant Professor in Economic History at University of Roma Tre, Italy. 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 Poverty and Wealth in East Africa: A Conceptual History (Duke UP, 2022), Rhiannon Stephens offers a conceptual history of how people living in eastern Uganda have sustained and changed their ways of thinking about wealth and poverty over the past two thousand years. This history serves as a powerful reminder that colonialism and capitalism did not introduce economic thought to this region and demonstrates that even in contexts of relative material equality between households, people invested intellectual energy in creating new ways to talk about the poor and the rich. Stephens uses an interdisciplinary approach to write this history for societies without written records before the nineteenth century. She reconstructs the words people spoke in different eras using the methods of comparative historical linguistics, overlaid with evidence from archaeology, climate science, oral traditions, and ethnography. Demonstrating the dynamism of people's thinking about poverty and wealth in East Africa long before colonial conquest, Stephens challenges much of the received wisdom about the nature and existence of economic and social inequality in the region's deeper past. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the span of two hundred years, Great Britain established, governed, lost, and reconstructed an empire that embraced three continents and two oceanic worlds. The British ruled this empire by correlating incoming information about the conduct of subjects and aliens in imperial spaces with norms of good governance developed in London. Officials derived these norms by studying the histories of government contained in the official records of both the state and corporations and located in repositories known as archives. As the empire expanded in both the Americas and India, however, this system of political knowledge came to be regarded as inadequate in governing the non-English people who inhabited the lands over which the British asserted sovereignty. This posed a key problem for imperial officials: What kind of knowledge was required to govern an empire populated by a growing number of culturally different people? Using files, pens, and paper, the British defined the information order of the modern state as they debated answers to this question. In tracing the rise and deployment of archives in early modern British imperial rule, in The Archive of Empire: Knowledge, Conquest, and the Making of the Early Modern British World (Yale University Press, 2024) Dr. Asheesh Kapur Siddique uncovers the origins of our data-driven present. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ordering Customs: Ethnographic Thought in Early Modern Venice (University of Delaware Press, 2023) explores how Renaissance Venetians sought to make sense of human difference in a period characterized by increasing global contact and a rapid acceleration of the circulation of information. Venice was at the center of both these developments. The book traces the emergence of a distinctive tradition of ethnographic writing that served as the basis for defining religious and cultural difference in new ways. Taylor draws on a trove of unpublished sources-diplomatic correspondence, court records, diaries, and inventories-to show that the study of customs, rituals, and ways of life not only became central in how Venetians sought to apprehend other peoples, but also had a very real impact at the level of policy, shaping how the Venetian state governed minority populations in the city and its empire. In contrast with the familiar image of ethnography as the product of overseas imperial and missionary encounters, the book points to a more complicated set of origins. Learn more about your ad choices. Visit megaphone.fm/adchoices

At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. To this day, fiscal authorities fret over soaring public debt burdens, while central bankers wring their hands at the slightest sign of rising wages. As the brief reprieve of coronavirus spending made clear, no departure from government austerity will be tolerated without a corresponding act of penance. Yet we misunderstand the scope of neoliberal public finance if we assume austerity to be its sole setting. Beyond the zero-sum game of direct claims on state budgets lies a realm of indirect government spending that escapes the naked eye. Capital gains are multiply subsidized by a tax system that reserves its greatest rewards for financial asset holders. And for all its airs of haughty asceticism, the Federal Reserve has become adept at facilitating the inflation of asset values while ruthlessly suppressing wages. Neoliberalism is as extravagant as it is austere, and this paradox needs to be grasped if we are to challenge its core modus operandi. In Counterrevolution: Extravagance and Austerity in Public Finance (Zone Books, 2024) Dr. Melinda Cooper examines the major schools of thought that have shaped neoliberal common sense around public finance. Focusing, in particular, on Virginia school public choice theory and supply-side economics, she shows how these currents produced distinct but ultimately complementary responses to the capitalist crisis of the 1970s. With its intellectual roots in the conservative Southern Democratic tradition, Virginia school public choice theory espoused an austere doctrine of budget balance. The supply-side movement, by contrast, advocated tax cuts without spending restraint and debt issuance without guilt, in an apparent repudiation of austerity. Yet, for all their differences, the two schools converged around the need to rein in the redistributive uses of public spending. Together, they drove a counterrevolution in public finance that deepened the divide between rich and poor and revived the fortunes of dynastic wealth. Far-reaching as the neoliberal counterrevolution has been, Dr. Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: Is another politics of extravagance possible? This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

We take it for granted that good neighborhoods—with good schools and good housing—are inaccessible to all but the very wealthy. But, in America, this wasn’t always the case. Though for most of world history your prospects were tied to where you were born, Americans came up with a revolutionary idea: If you didn’t like your lot in life, you could find a better location and reinvent yourself there. Americans moved to new places with unprecedented frequency, and for 200 years, that remarkable mobility was the linchpin of American economic and social opportunity. Then, as the twentieth century wound down, economic and geographic stasis set in, producing deep social polarization. What happened? In Stuck: How the Privileged and the Propertied Broke the Engine of Prosperity (Random House, 2025), Yoni Appelbaum introduces us to the reformers who destroyed American mobility with discriminatory zoning laws, federal policies, and community gatekeeping. From the first zoning laws enacted to ghettoize Chinese Americans in nineteenth-century Modesto, California, to the toxic blend of private-sector discrimination and racist public policy that trapped Black families in mid-century Flint, Michigan, Appelbaum shows us how Americans lost the freedom to move. Even Jane Jacobs’s well-intentioned fight against development in Greenwich Village choked off opportunity for strivers—and started a trend that would put desirable neighborhoods out of reach for most of us. And yet he also offers glimmers of hope. Perhaps our problems as a nation aren’t as intractable as they seem. If we tear down the barriers to mobility and return to the social and economic dynamism Americans invented, we might be able to rediscover the tolerance and possibility that made us distinctive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Though Latinx foodways are eagerly embraced and consumed by people across the United States, the nation exhibits a much more fraught relationship with Latinx people, including the largely underpaid and migrant workers who harvest, process, cook, and sell this desirable food. In Awaiting Their Feast: Latinx Food Workers and Activism from World War II to Covid-19 (UNC Press, 2025) , Lori A. Flores traces how our dual appetite for Latinx food and Latinx food labor has evolved from the World War II era to the COVID-19 pandemic, using the US Northeast as an unexpected microcosm of this national history. Spanning the experiences of food workers with roots in Mexico, Puerto Rico, Cuba, the Dominican Republic, Haiti, and Central America, Flores's narrative travels from New Jersey to Maine and examines different links in the food chain, from farming to restaurants to seafood processing to the deliverista rights movement. What unites this eclectic material is Flores's contention that as our appetite for Latinx food has grown exponentially, the visibility of Latinx food workers has demonstrably decreased. This precariat is anything but passive, however, and has historically fought--and is still fighting--against low wages and exploitation, medical neglect, criminalization, and deeply ironic food insecurity. Learn more about your ad choices. Visit megaphone.fm/adchoices

The road to Queen Elizabeth II’s implementation of African reforms was rough, especially in the first two decades following her ascension to the throne. In Queen Elizabeth II and the Africans (Leuven UP, 2024), Raphael Chijioke Njoku examines Queen Elizabeth II’s role in the African decolonization trajectories and the postcolonial state’s quest for genuine political and economic liberation since 1947. By locating Elizabeth at the center of Anglophone Africa’s independence agitations, the account harnesses the African interests to tease out the monarch’s dilemma of complying with Whitehall’s decolonization schemes while building an inclusive and unified Commonwealth in which Africans could play a vital role. Njoku argues that to gratify British lawmakers in her complex and marginal place within the British parliamentary system of conservative versus reformist, Elizabeth’s contribution fell short of African nationalists’ expectations on account of her silence and inaction during the African decolonization raptures. Yet ultimately, the author concludes, she helped build an inclusive and unified organization in which Africans could assert and appropriate political and economic autarky. Kanayo Nomeh, Ph.D. Candidate in International Relations at Florida International University, specializing in Africa's diaspora relations, superpowers and geopolitical rivalry, and African-China sociopolitical dynamics. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a rising infrastructure powerhouse, China has the largest electricity generation capacity in the world today. Its number of large dams is second to none. In Hydropower Nation: Dams, Energy, and Political Changes in Twentieth-Century China (Cambridge UP, 2024), Xiangli Ding provides a historical understanding of China's ever-growing energy demands and how they have affected its rivers, wild species, and millions of residents. River management has been an essential state responsibility throughout Chinese history. In the industrial age, with the global proliferation of concrete dam technology, people started to demand more from rivers, particularly when required for electricity production. Yet hydropower projects are always more than a technological engineering enterprise, layered with political, social, and environmental meaning. Through an examination of specific hydroelectric power projects, the activities of engineers, and the experience of local communities and species, Ding offers a fresh perspective on twentieth-century China from environmental and technological perspectives. Xiangli Ding is an associate professor of history at the Rhode Island School of Design. He considers himself a historian of modern China and environmental history. At RISD, he teaches courses on East Asian and Chinese histories. His research interests lie at the intersection of the environment, technology, politics, and human life in modern China. He is the author of Hydropower Nation: Dams, Energy, and Political Changes in Twentieth-Century China (Cambridge University Press, 2024), and multiple research and review articles in both English and Chinese. Yadong Li is a socio-cultural anthropologist-in-training. He is registered as a PhD student at Tulane University. His research interests lie at the intersection of economic anthropology, medical anthropology, hope studies, and the anthropology of borders and frontiers. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we think about "red tape" and the cost of regulation it's hard to overstate the impact of professional licensing. According to Professor Rebecca Haw Allensworth, it's bigger than unions and more expensive than sales taxes. Millions of American workers are required - by law - to obtain a license in order to work. This barrier of entry depends on requirements set by licensing boards staffed mainly by members of the profession they oversee. It limits the number of people who can serve and also confers on licensees a certain degree of prestige and trust. In The Licensing Racket: How We Decide Who Is Allowed to Work, and Why It Goes Wrong (Harvard UP, 2025), Allensworth goes deep into a complex web of conflicting priorities. Whether it's hair stylists or doctors, plumbers or lawyers, licensing board members are asked to simultaneously represent their personal practice, fellow professionals, and the public. They have to literally "wear three hats", which leads to well-intentioned, but deeply flawed and biased, decision making. Consumers depend on licensing boards to ensure that professionals maintain high quality and reliability standards by creating - and enforcing - licensing standards. In reality, their decisions can be maddeningly arbitrary, creating unnecessary barriers to hopeful practitioners while simultaneously failing to protect the public from bad actors who abuse the trust placed in them. Despite good intent, board members lack the resources and sometimes the will to investigate even serious disciplinary cases. The consequences include, but are not limited to, the failure of medical licensing boards to remove the abusive doctors who fueled the opioid crisis and a system that allows unethical predatory lawyers to continue to practice, often targeting clients who are unable to protect themselves. While in some areas licensing is deeply flawed, in others it is critical to a well-functioning society. Allensworth argues for abolition where appropriate and reform where it is most needed. See Professor Allensworth's faculty profile video Author recommended reading: - Demon Copperhead by Barbara Kingsolver - Drug Dealer, MD by Anna Lembke, MD Hosted by Meghan Cochran Learn more about your ad choices. Visit megaphone.fm/adchoices

The pub is an English institution. Yet its history has been obscured by myth and nostalgia. In Pub (Bloomsbury, 2025) a new addition to the Object Lessons series, Dr. Philip Howell takes the public house as an object, or rather as a series of objects: he takes the pub apart and examines its constituent elements, from pub signs to the bar staff to the calling of “time.” But Pub also explores the hidden features of the pub, such as corporate control, cultural acceptance and exclusion, and the role of the pub in communities. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

For millennia, land has been a symbol of wealth and privilege. But the true power of land ownership is even greater than we might think. In Land Power: Who Has It, Who Doesn't, and How That Determines the Fate of Societies (Basic Books, 2025), political scientist Michael Albertus shows that who owns the land determines whether a society will be equal or unequal, whether it will develop or decline, and whether it will safeguard or sacrifice its environment. Modern history has been defined by land reallocation on a massive scale. From the 1500s on, European colonial powers and new nation-states shifted indigenous lands into the hands of settlers. The 1900s brought new waves of land appropriation, from Soviet and Maoist collectivization to initiatives turning large estates over to family farmers. The shuffle continues today as governments vie for power and prosperity by choosing who should get land. Drawing on a career’s worth of original research and on-the-ground fieldwork, Albertus shows that choices about who owns the land have locked in poverty, sexism, racism, and climate crisis—and that what we do with the land today can change our collective fate. Michael Albertus is professor of political science at the University of Chicago. The author of four previous books, his writing has appeared in the New York Times, Washington Post, Atlantic, Foreign Affairs, and elsewhere. He lives in Chicago, Illinois. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Business of Bobbysoxers: Cultural Production in 1940s Frank Sinatra Fandom (Oxford University Press, 2024) by Dr. Katie Beisel Hollenbach reconsiders the story of American popular music, celebrity following, and fan behavior during World War II through close examination of “bobbysoxers.” Preserved in popular memory as primarily white, hysterical, teen girl devotees of Frank Sinatra clad in bobby socks and saddle shoes, these girls were accused of displaying inappropriate behavior and priorities in their obsessive pursuit of a crooning celebrity at a time of international crisis. Dr. Beisel Hollenbach peels back the stereotypes of girlhood idol adoration by documenting the intimate practices of wartime Sinatra fan clubs, revealing a new side of this familiar story in American history through the perspective of the bobbysoxer. In World War II America, fan clubs and organizations like Teen Canteens offered a haven for teenage girls to celebrate their enjoyment of popular culture while cultivating relationships with each other through media icons and the entertainment industry. Many of these organizations attempted to encourage diverse memberships, influenced in part by Frank Sinatra's public work on racial and religious tolerance, and by Sinatra's own identity as an Italian American. Away from the critical public eye, these communities offered girls a place to safely explore and discuss issues including civil rights, politics, the war, patriotism, internationalism, and professional development in the context of their shared Sinatra fandom. With these broader social and political complexities in mind, The Business of Bobbysoxers shines a light on musical fan communities that provided teenage girls with peer groups at a critical moment of personal and historical change, allowing them to creatively express their desires and imagine their futures as American women together. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

From Chinatown to Every Town: How Chinese Immigrants Have Expanded the Restaurant Business in the United States (University of California Press, 2024) by Dr. Zai Liang explores the recent history of Chinese immigration within the United States and the fundamental changes in spatial settlement that have relocated many low-skilled Chinese immigrants from New York City's Chinatown to new immigrant destinations. Using a mixed-method approach over a decade in Chinatown and six destination states, sociologist Dr. Liang specifically examines how the expansion and growing popularity of Chinese restaurants has shifted settlement to more rural and faraway areas. Dr. Liang's study demonstrates that key players such as employment agencies, Chinatown buses, and restaurant supply shops facilitate the spatial dispersion of immigrants while simultaneously maintaining vital links between Chinatown in Manhattan and new immigrant destinations. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Misery beneath the Miracle in East Asia (Cornell University Press, 2024) challenges prevailing views of the East Asian economic miracle. Existing scholarship has overlooked the severity, persistence, and harmful consequences of the social-welfare crises affecting the region. Dr. Arvid J. Lukauskas and Dr. Yumiko Shimabukuro fill this gap and put a major asterisk on East Asia's economic record. Combining big-picture analysis, abundant data, a dynamic interdisciplinary framework, and powerful human stories, they shed light on the social ills that governments have failed to address adequately, including low wages, child abuse, elderly poverty, and substandard housing. One of the major forces behind the multidimensional welfare crises is the region's productivist welfare strategy, which prioritizes economic growth while abandoning a robust social safety net, leaving the most vulnerable segments of society largely unprotected. Misery beneath the Miracle in East Asia brings the region into debates over the dangers of seeking growth at all costs that are currently embroiling the United States and other advanced industrialized countries. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 1920s and 1930s were a period of cosmopolitan globalization–and no one, perhaps, exemplified it more than Victor Sassoon, business tycoon, trader and industrialist. He’s the subject of Rosemary Wakeman’s latest book The Worlds of Victor Sassoon: Bombay, London, Shanghai, 1918–1941 (U Chicago Press, 2024) which traces Victor’s journey through these three cities—and explores how the world economy changes as he travels. After all, it’s a period where the world trading system is beginning to unravel, as British dominance in manufacturing is starting to be challenged by cheaper rivals in Germany and Japan, with arguments for economic policies that seem very familiar to us today. Rosemary Wakeman is professor of history at Fordham University. She is the author of A Modern History of European Cities: 1815 to the Present (Bloomsbury: 2020) as well as The Heroic City: Paris, 1945–1958 (The University of Chicago Press: 2009) and Practicing Utopia: An Intellectual History of the New Town Movement (The University of Chicago Press: 2016). You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The Worlds of Victor Sassoon. 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

Choice touches virtually every aspect of our lives, from what to buy and where to live to whom to love, what profession to practice, and even what to believe. But the option to choose in such matters was not something we always possessed or even aspired to. At the same time, we have been warned by everybody from marketing gurus to psychologists about the negative consequences stemming from our current obsession with choice. It turns out that not only are we not very good at realizing our personal desires, we are also overwhelmed with too many possibilities and anxious about what best to select. There are social costs too. How did all this happen? The Age of Choice: A History of Freedom in Modern Life (Princeton UP, 2025) tells the long history of the invention of choice as the defining feature of modern freedom. Taking readers from the seventeenth century to today, Sophia Rosenfeld describes how the early modern world witnessed the simultaneous rise of shopping as an activity and religious freedom as a matter of being able to pick one's convictions. Similarly, she traces the history of choice in romantic life, politics, and the ideals of human rights. Throughout, she pays particular attention to the lives of women, those often with the fewest choices, who have frequently been the drivers of this change. She concludes with an exploration of how reproductive rights have become a symbolic flashpoint in our contemporary struggles over the association of liberty with choice. Drawing on a wealth of sources ranging from novels and restaurant menus to the latest scientific findings about choice in psychology and economics, The Age of Choice urges us to rethink the meaning of choice and its promise and limitations in modern life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Historian Sarah E. Bond retells the traditional story of Ancient Rome, revealing how groups of ancient workers unified, connected, and protested as they helped build an empire From plebeians refusing to join the Roman army to bakers withholding bread, this is the first book to explore how Roman workers used strikes, boycotts, riots, and rebellion to get their voices—and their labor—acknowledged. Sarah E. Bond explores Ancient Rome from a new angle to show that the history of labor conflicts and collective action goes back thousands of years, uncovering a world far more similar to our own than we realize. Workers often turned to their associations for solidarity and shared identity in the ancient world. Some of these groups even negotiated contracts, wages, and work conditions in a manner similar to modern labor unions. As the world begins to consider the value—and indeed the necessity—of unionization to protect workers, Strike: Labor, Unions, and Resistance in the Roman Empire (Yale UP, 2024) demonstrates that we can learn valuable lessons from ancient laborers and from attempts by the Roman government to limit their freedom. New Books in Late Antiquity is presented by Ancient Jew Review Sarah E. Bond is the Erling B. “Jack” Holtsmark Associate Professor in the Classics in the Department of History at the University of Iowa. She is the author of Trade and Taboo: Disreputable Professions in the Roman Mediterranean. She lives in Iowa City, IA. Michael Motia teaches in Classics and Religious Studies at UMass Boston Learn more about your ad choices. Visit megaphone.fm/adchoices

As Wall Street swooned and boomed through the last decade, our livelihoods have—now more than ever—come to rely upon the good sense and risk appetites of a few standout investors. And amidst the BlackRocks, Vanguards, and Berkshire Hathaways stands arguably the most iconoclastic of them all: SoftBank’s Masayoshi Son. In Gambling Man: The Wild Ride of Japan’s Masayoshi Son (Atria, 2024), the first Western biography of Son, the self-professed unicorn hunter, we go behind the scenes of the world’s most monied halls of power in New York, Tokyo, Silicon Valley, Saudi Arabia, and beyond to see how Son’s firm SoftBank has defied conventional wisdom and imposing odds to push global tech and commerce into the future. From the dizzying highs of Uber, DoorDash, and Slack to the epic lows of WeWork and tech-infused dogwalking app Wag Son and SoftBank have been at the center of cutting-edge capitalism’s absolute peaks and valleys. In the process, Son, son of a pachinko kingpin who grew up in a slum in Japan, has been a hero, a villain, and even a meme-ified hero to the internet tech- and finance-bro set all at once. Based on in-depth research and eye-opening interviews, Gambling Man is an unforgettable character study and alarming true story of twenty-first-century commerce that will stick with you long after you turn the final page. Lionel Barber is the former editor of the Financial Times. As editor, he interviewed many of the world’s leaders in business and politics, including US Presidents Barack Obama and Donald Trump, Russian President Vladimir Putin, Chancellor Angela Merkel of Germany, and Indian Prime Minister Narendra Modi. Barber has co-written several books and has lectured widely on foreign policy, transatlantic relations, and economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging interview, young scholar Dr, Joel Z. Garrod explains his book's main argument, with a personal touch. In Royal Histories: The Transformation of the Royal Bank of Canada, 1864-2022 (U Toronto Press, 2025), Garrod presents a historical analysis of the Royal Bank of Canada, illustrating how Canadian capitalism and the Canadian banking industry have transformed as they have consolidated nationally and expanded abroad. Emphasizing how national institutions and rules are increasingly becoming capabilities for transnational forms of capital accumulation, the book draws on extensive primary and secondary sources to document the transformation of the assemblage of territory, authority, and rights that have supported the bank’s activities over time. Linking the bank’s history to the policy regimes of the welfare state and neoliberalism, Garrod contends that our present period of globalization severely limits the extent to which nation-states can absorb capitalist crises or be a site of successful social reform. Connecting the Canadian experience to the wider transformation of global capitalism, Royal Histories illuminates the effects of globalization and the changing landscape of banking and finance. Learn more about your ad choices. Visit megaphone.fm/adchoices

The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order: National Institutions and the Development of Banking Regulation (Princeton University Press, 2024), Dr. Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis. In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Dr. Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Dr. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we talk about debt and its impact on our economy, we almost always mean “government debt.” However, this is only a small part of the picture: individuals, private firms, and households owe trillions, and these private debts are vital to understanding the economy. In The Paradox of Debt: A New Path to Prosperity Without Crisis (U Pennsylvania Press, 2023), Richard Vague examines the assets, liabilities, and incomes of the entire country, private and public sector, to reveal its net worth. His holistic analysis shows that the real factor that drives both financial crises and spiraling inequality—but also, paradoxically, economic growth—is ever rising private debt. The paradox is that while debt is essential and our economy relies on it, it also brings instability unless it is periodically deleveraged—and that is very hard to do. It can, however, be carefully managed, and Vague ends the book by showing how to do so in policy areas ranging from trade and housing to financial policy and student debt. Underpinned by pioneering data analysis and the author’s lifetime of experience in the financial world, this book is essential for anyone who wants to understand the deep, underlying dynamics of the American economy. Following a career that has spanned fields as varied as banking, energy, credit, and the arts, Richard Vague has recently served as Secretary of Banking and Securities for the Commonwealth of Pennsylvania. He is the author of numerous books, including An Illustrated Business History of the United States, also available from the University of Pennsylvania Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s European Union grew out of functional communities set up in the wake of world war in the 1950s. It would shock the new White House intake to learn that the wartime American political class lobbied hard for a postwar United States of Europe. The role of US officials in building Europe’s first community – one for the coal and steel industries – and their close ties to "founding father" Jean Monnet have long been known. But, in Building Europe in New York: From the Munich Conference to the European Coal and Steel Community (Routledge, 2025), Enrico Ciappi takes things back a step - to the intellectual groundwork done by a network of American, French, and British politicians, diplomats, economists, and strategic thinkers. "The Schuman Plan arrived at the end of a long intellectual journey," he writes, with the two critical players in that journey being Monnet himself and the renowned New York-based think tank: the Council on Foreign Relations. Enrico Ciappi is a postdoctoral research fellow in history at the LUISS Guido Carli University of Rome. This is his first book. *His book recommendations were The Emergence of Globalism: Visions of World Order in Britain and the United States, 1939–1950 by Or Rosenboim (Princeton University Press, 2017) and The Great Game: On Secret Service in High Asia by Peter Hopkirk (John Murray, 1990 — reprint in 2006). Tim Gwynn Jones is an economic and political risk analyst at Medley Advisors, who also writes and podcasts on Substack at 242.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam Franklin-Lyons joins Jana Byars to talk about Shortage and Famine in the Late Medieval Crown of Aragon (Penn State Press, 2022). In the late fourteenth century, the medieval Crown of Aragon experienced a series of food crises that created conflict and led to widespread starvation. Adam Franklin-Lyons applies contemporary understandings of complex human disasters, vulnerability, and resilience to explain how these famines occurred and to describe more accurately who suffered and why. Shortage and Famine in the Late Medieval Crown of Aragon details the social causes and responses to three events of varying magnitude that struck the western Mediterranean: the minor food shortage of 1372, the serious but short-lived crisis of 1384–85, and the major famine of 1374–76, the worst famine of the century in the region. Shifts in military action, international competition, and violent attempts to control trade routes created systemic panic and widespread starvation—which in turn influenced decades of economic policy, social practices, and even the course of geopolitical conflicts, such as the War of the Two Pedros and the papal schism in Italy. Providing new insights into the intersecting factors that led to famine in the fourteenth-century Mediterranean, this deeply researched, convincingly argued book presents tools and models that are broadly applicable to any historical study of vulnerabilities in the human food supply. It will be of interest to scholars of medieval Iberia and the medieval Mediterranean as well as to historians of food and of economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Capitalism in the Colonies: African Merchants in Lagos, 1851–1931 (Princeton UP, 2024), A. G. Hopkins provides the first substantial assessment of the fortunes of African entrepreneurs under colonial rule. Examining the lives and careers of 100 merchants in Lagos, Nigeria, between 1850 and 1931, Hopkins challenges conventional views of the contribution made by indigenous entrepreneurs to the long-run economic development of Nigeria. He argues that African merchants in Lagos not only survived, but were also responsible for key innovations in trade, construction, farming, and finance that are essential for understanding the development of Nigeria’s economy. The book is based on a large, representative sample and covers a time span that traces mercantile fortunes over two and three generations. Drawing on a wide range of sources, Hopkins shows that indigenous entrepreneurs were far more adventurous than expatriate firms. African merchants in Lagos pioneered motor vehicles, sewing machines, publishing, tanneries, and new types of internal trade. They founded the construction industry that built Lagos into a major port city, moved inland to start the cocoa-farming industry, and developed the finance sector that is still vital to Nigeria’s economy. They also took the lead in changing single-owned businesses into limited liability companies, creating freehold property rights and promoting wage labour. In short, Hopkins argues, they were the capitalists who introduced the institutions of capitalism into Nigeria. The story of African merchants in Nigeria reminds us, he writes, that economic structures have no life of their own until they are animated by the actions of creative individuals. Thomas E Kingston is a Berkeley Fellow and PhD student at UC Berkeley where he works on histories of knowledge, empire and capital, in the context of colonialism in Asia. He is an Economic History Society Student Ambassador, the Editorial Director of the Association for Southeast Asian Studies and a passionate rugby player. His website can be found at www.thomasekingston.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For generations most of the canonical works that detail the lives of poor people have been created by rich or middle-class writers like Charles Dickens, John Steinbeck, or James Agee. This has resulted in overwhelming depictions of poor people as living abject, violent lives in filthy and degrading conditions. In Poor Things: How Those with Money Depict Those Without It (Duke UP, 2024), Lennard J. Davis labels this genre ‘poornography”: distorted narratives of poverty written by and for the middle and upper classes. Davis shows how poornography creates harmful and dangerous stereotypes that build barriers to social justice and change. To remedy this, Davis argues, poor people should write realistic depictions of themselves, but because of representational inequality they cannot. Given the obstacles to the poor accessing the means of publication, Davis suggests that the work should, at least for now, be done by “transclass” writers who were once poor and who can accurately represent poverty without relying on stereotypes and clichés. Only then can the lived experience of poverty be more fully realized. The Endo/Exo Writers Project. Nathan Smith is a PhD candidate in Music Theory at Yale University [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Economists in the Cold War: How a Handful of Economists Fought the Battle of Ideas (Oxford UP, 2023) is an account of the economic drivers and outcomes of the Cold War, told through the stories of seven international economists, who were all closely involved in theory and policy in the period 1945-73. For them, the Cold War was a battle of economic ideas, a fight between central planning and market allocation, exploring economic thinking derived from the battle between Marxist and Capitalist ideologies, a fundamental difference but with many intricacies. The book recounts how economic theory advanced, how new economic tools were developed, and how policies were tested. Each chapter is based on the involvement of one of the selected economists. It was a challenging but dangerous time in economics: a time of economic recovery post-war, with industrial rebuilding, economic growth, and rising incomes. But it was also a time of ideological warfare, nuclear rivalry, military expansion, and personal conflict. The narrative is approximately chronological, ranging from the Potsdam Conference in Germany to the Pinochet Coup in Chile. The selected economists include an American, a Pole, a Hungarian, a German, a British, a Japanese, and an Argentinian, all very different economists, but with interconnections among them. Each chapter also features a dissenting economist who held a contrasting view, and recounts the subsequent economic arguments that played out. Alan Bollard is a Professor of Economics at Victoria University of Wellington, New Zealand. He formerly managed APEC, the largest regional economic integration organization in the world, and was previously the New Zealand Reserve Bank Governor, Secretary of the New Zealand Treasury, and Chairman of the New Zealand Commerce Commission. Professor Bollard is the author of Crisis: One Central Bank Governor and the Global Financial Crisis (Auckland University Press, 2013) and A Few Hares to Chase: The Life and Economics of Bill Philips (Oxford University Press, 2016). 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

As the first book-length study of auctions in early America, America Under the Hammer: Auctions and the Emergence of Market Values (U Pennsylvania Press, 2024) follows this ubiquitous but largely overlooked institution to reveal how, across the eighteenth and early nineteenth centuries, price became an accepted expression of value. From the earliest days of colonial conquest, auctions put Native land and human beings up for bidding alongside material goods, normalizing new economic practices that turned social relations into economic calculations and eventually became recognizable as nineteenth-century American capitalism. Starting in the eighteenth century, neighbors collectively turned speculative value into economic “facts” in the form of concrete prices for specific items, thereby establishing ideas about fair exchange in their communities. This consensus soon fractured: during the Revolutionary War, state governments auctioned loyalist property, weaponizing local group participation in pricing and distribution to punish political enemies. By the early nineteenth century, suspicion that auction outcomes were determined by manipulative auctioneers prompted politicians and satirists to police the boundaries of what counted as economic exchange and for whose benefit the economy operated. Women at auctions—as commodities, bidders, or beneficiaries—became a focal point for gendering economic value itself. By the 1830s, as abolitionists attacked the public sale of enslaved men, women, and children, auctions had enshrined a set of economic ideas—that any entity could be coded as property and priced through competition—that have become commonsense understandings all too seldom challenged. In contrast to histories focused on banks, currencies, or plantations, America Under the Hammer highlights an institution that integrated market, community, and household in ways that put gender, race, and social bonds at the center of ideas about economic worth. Women and men, enslaved and free, are active participants in this story rather than bystanders, and their labor, judgments, and bodies define the resulting contours of the American economy. Ellen Hartigan-O'Connor is Professor of History at the University of California, Davis, and author of The Ties That Buy: Women and Commerce in Revolutionary America, also available from the University of Pennsylvania Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Black gold. Liquid sunlight. Texas tea. Oil remains the ur-commodity of our global era, having been distilled from ancient algae and marine life to turn modernity's wheels. Wars are fought over it. Some communities are displaced by its extraction, so that others may reap its benefits. But despite its heated history, few will ever see oil on the ground. Shrouded within a labyrinth of oil fields, pipelines, and manufacturies, it tends to be known only through its magical effects: the thrill of the road, the euphoria of flight, and the metamorphic allure of everything from vinyl records to celluloid film and synthetic clothing. In Oil (Bloomsbury, 2024), Dr. Michael Tondre shows how hydrocarbon became today's pre-eminent power. How did oil come to structure selfhood and social relations? And to what extent is oil not only a commercial product but a cultural one-something shaped by widely imagined dreams and desires? Amid a warming world unleashed by fossil fuels, oil appears as a rich resource for thinking about histories of globalization and technology no less than the energetic underpinnings of literature, film, and art. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Who owns Scotland? How did they get it? What happened to all the common land in Scotland? Has the Scottish Parliament made any difference? Can we get our common good land back? In this updated edition of The Poor Had No Lawyers: Who Owns Scotland and How They Got it (Birlinn, 2024), Andy Wightman updates the statistics of landownership in Scotland and explores how and why landowners got their hands on the millions of acres of land that were once held in common. He tells the untold story of how Scotland's legal establishment and politicians managed to appropriate land through legal fixes. Have attempts to redistribute this power more equitably made any difference, and what are the full implications of the recent debt-fuelled housing bubble, the Smith Commission and the new Scottish Government's proposals on land reform? For all those with an interest in urban and rural land in Scotland, this updated edition of The Poor Had No Lawyers provides a fascinating analysis of one the most important political questions in Scotland. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Following Overwhelmed, Brigid Schulte's groundbreaking examination of time management and stress, the prizewinning journalist now turns her attention to the greatest culprit in America's quality-of-life crisis: the way our economy and culture conceive of work. Americans across all demographics, industries, and socioeconomic levels report exhaustion, burnout, and the wish for more meaningful lives. This full-system failure in our structure of work affects everything from gender inequality to domestic stability, and it even shortens our lifespans. Drawing on years of research, Schulte traces the arc of our discontent from a time before the 1980s, when work was compatible with well-being and allowed a single earner to support a family, until today, with millions of people working multiple hourly jobs or in white-collar positions where no hours are ever off duty. She casts a wide net in search of solutions, exploring the movement to institute a four-day workweek, introducing Japan's Housewives Brigade--which demands legal protection for family time--and embedding with CEOs who are making the business case for humane conditions. And she demonstrates the power of a collective and creative demand for change, showing that work can be organized in an infinite number of ways that are good for humans and for business. Fiercely argued and vividly told, rich with stories and informed by deep investigation, Over Work: Transforming the Daily Grind in the Quest for a Better Life (Henry Holt, 2024) lays out a clear vision for ending our punishing grind and reclaiming leisure, joy, and meaning. Brigid Schulte is the author of the bestselling Overwhelmed: Work, Love, and Play When No One Has the Time and an award-winning journalist formerly for the Washington Post, where she was part of a team that won a Pulitzer Prize. She is also the director of the Better Life Lab, the work-family justice and gender equity program at New America. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Western welfare state model is beset with structural, financial, and moral crises. So-called scroungers, cheats, and disability fakers persistently occupy the centre of public policy discussions, even as official statistics suggest that relatively small amounts of money are lost to such schemes. In Fraudulent Lives: Imagining Welfare Cheats from the Poor Law to the Present (McGill-Queen's University Press, 2024) Dr. Steven King focuses on the British case in the first ever long-term analysis of the scale, meaning, and consequences of welfare fraud in Western nations. King argues that an expectation of dishonesty on the part of claimants was written into the basic fabric of the founding statutes of the British welfare state in 1601, and that nothing has subsequently changed. Efforts throughout history to detect and punish fraud have been superficial at best because, he argues, it has never been in the interests of the three main stakeholders – claimants, the general public, and officials and policymakers – to eliminate it. Tracing a substantial underbelly of fraud from the seventeenth century to today, Dr. King finds remarkable continuities and historical parallels in public attitudes towards the honesty of welfare recipients – patterns that hold true across Western welfare states. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Meltdown: Scandal, Sleaze and the Collapse of Credit Suisse (Pegasus Books, 2024) is a great business history book. It meticulously chronicles the story of a large and once revered Swiss Bank, Credit Suisse, from its foundation in 1856 until how a series of scandals, driven by a culture of greed and entitlement among its bankers, led to the bank´s ultimate collapses in March 2023. The narrative also explores the bank's international expansion, particularly its partnership with First Boston in the United States. Meltdown is not just a history of Credit Suisse but a broader investigation into the systemic issues of greed, lies, and ambition that plague the financial industry. It raises critical questions about the future of big banks in a world where transparency and accountability are increasingly demanded. Learn more about your ad choices. Visit megaphone.fm/adchoices

California’s 1849 gold rush triggered creation of the “instant city” of San Francisco as a to base exploit the rich natural resources of the American West. City of Wood: San Francisco and the Architecture of the Redwood Lumber Industry (University of Texas Press, 2024) examines how capitalists and workers logged the state’s vast redwood forests to create the financial capital and construction materials needed to build the regional metropolis of San Francisco. Architectural historian Dr. James Michael Buckley investigates the remote forest and its urban core as two poles of a regional “city.” This city consisted of a far-reaching network of spaces, produced as company owners and workers arrayed men and machines to extract resources and create human commodities from the region’s rich natural environment. Combining labor, urban, industrial, and social history, City of Wood employs a variety of sources—including contemporary newspaper articles, novels, and photographs—to explore the architectural landscape of lumber, from backwoods logging camps and company towns in the woods to busy lumber docks and the homes of workers and owners in San Francisco. By imagining the redwood lumber industry as a single community spread across multiple sites—a “City of Wood”—Dr. Buckley demonstrates how capitalist resource extraction links different places along the production value chain. The result is a paradigm shift in architectural history that focuses not just on the evolution of individual building design across time, but also on economic connections that link the center and periphery across space. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices