New Books in Economic and Business History

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

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

Andrew Popp, a professor of history at Copenhagen Business School, and Jonathan Coopersmith, a professor (retired) of history at Texas A&M, talk about a recent special issue they edited in the journal History Compass with Peoples & Things host, Lee Vinsel. The special issue brought together a number of business historians to assess the historical arguments of Thomas Piketty’s 2019 book, Capital and Ideology, which argues that societies have developed a number of ideologies to justify inequality. While largely sympathetic to Piketty’s aims, the historians involved prod and criticize aspects of his argument and evidence. Popp, Coopersmith, and Vinsel also discuss the need for more historians, particularly business historians, to focus on the history of inequality. Learn more about your ad choices. Visit megaphone.fm/adchoices

Elizabeth Tandy Shermer, an associate professor of history at Loyola University Chicago, talks about her book, Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in Debt, with Peoples & Things host, Lee Vinsel. Indentured Students examines the long history of student loans in the United States, including important turning points in the 1960s. Shermer argues that elected officials have preferred student loans as an answer to an important social problem, the perceived-need for college education, over more structural solutions. Shermer and Vinsel also talk about what this legacy of debt means today as well as what recent public discussions about student debt might portend for the future. Learn more about your ad choices. Visit megaphone.fm/adchoices

Journalist Katherine Blunt, who writes about renewable energy and utilities for the Wall Street Journal, talks about her new book, California Burning: The Fall of Pacific Gas and Electric—and What It Means for America’s Power Grid with Peoples & Things host, Lee Vinsel. The book tells the fascinating story of how declining performance at an electrical utility eventually led to wildfires and staggering loss of human life. Blunt and Vinsel also talk about what this story means for the future of electricity utilities in the face of global climate change. Learn more about your ad choices. Visit megaphone.fm/adchoices

On October 30, 1975, the New York Daily News printed the most famous headline in its history: “Ford to City: Drop Dead.” The previous day, President Gerald Ford had delivered a speech at the National Press Club in Washington on the looming bankruptcy of New York City. In the speech, Ford publicly denied the near-bankrupt New York City a federal bailout. The next morning, the streets of Manhattan were littered with the incendiary headline.  It has been fifty years since the publication of the headline, which presents an opportunity to reconsider this historical period. In this special edition episode, host Ryan Purcell talks with Benjamin Holtzman, Assistant Professor of History at Lehman College (CUNY), about the soundtracks behind New York’s fiscal crisis. Holtzman is the author of The Long Crisis: New York and the Path to Neoliberalism (Oxford University Press, 2023), a volume that returns to this turbulent period to explore the origins and implications of the diminished faith in government as capable of solving public problems. In the wake of the fiscal crisis of 1975, Holtzman argues, local people and officials rebuilt the city from the ground up, creating a system that would both exacerbate old racial and economic inequalities and produce new ones that continue to shape metropolitan areas today. Contact Soundscapes NYC Here Support the show Learn more about your ad choices. Visit megaphone.fm/adchoices

Historian Hanna Rose Shell, a professor at University of Colorado, Boulder, talks about her book Shoddy: From Devil’s Dust to the Renaissance of Rags with Peoples & Things host Lee Vinsel. Along the way, Shell raises a number of important and interesting things, including the long history of reuse and recycling and how forms of technology and work become tied to social status. With shoddy, it was the anxieties of low class, low social status work and poverty. Shell also discusses how individual technologies become mirrors for the worries, fears, hatreds, and other feelings of society – how when we look into the history of any technology we often see ourselves reflected back. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Making of Modern Corporate Finance: A History of the Ideas and How They Help Build the Wealth of Nations (Columbia Business School Publishing, 2025) Donald Chew profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries. He deals with such questions as: Why did the stagflation of the 1970s prove so painful and protracted? What explains the U.S. stock market’s forty-year run of 12 percent average annual returns? Why is Japan still mired in a decades-long recession? What accounts for the resilience of U.S. stock markets in the wake of COVID and the Fed’s interest rate hikes? Chew argues that answers to these questions lie ideas formulated and tested by finance scholars―notably, an efficient stock market in which prices reflect the long-run values of public companies and a market for corporate control that exerts pressure on management. Learn more about your ad choices. Visit megaphone.fm/adchoices

Auctions and the Consumption of Second-Hand Goods in Georgian England (Bloomsbury, 2026) by Dr. Sara Pennell & Professor Jon Stobart provides the first comprehensive examination of household auctions as the key mechanism for recirculating household goods through the 18th and early 19th century. Dr. Pennell and Dr. Stobart contextualise and historicise the importance of used goods to consumer choices, experiences and identities. They tell the stories of the people and things, as well as the broader processes, practices and attitudes that were bound up in the commercial recirculation of used goods through auctions.Auctions and the Consumption of Used Goods in Georgian England rebalances the historiography of second-hand consumption – currently dominated by used clothing and the sale of books, art and antiques – and brings second-hand into the mainstream of household consumption. It also explodes the twin myths that second-hand was the last resort of the poor and that it declined rapidly as Britain industrialised and the supply of new consumer goods increased. The book demonstrates that consumer motivations were far more complex than simple financial necessity and household auctions did not fade to the margins; they remained an important part of how households acquired a wide variety of goods and fulfilled a variety of consumer needs. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Streetwise: Saving Ourselves from Big Car (Columbia Business School Publishing, 2025) exposes how “Big Car”―the complex of companies in the automobile, oil, insurance, media, and concrete industries that promote and entrench car dependence―has pursued profit at the expense of the common good. David Obst explores how Big Car gained almost immeasurable influence over our lives, weighing the benefits and the costs of reliance on private automobiles. He details how industry covered up the harms of lead additives, fought against seatbelts, and continues to fund climate-change denialism. Obst considers the future of mobility, surveying how cities―from Taipei to Tempe, Copenhagen to Chicago―are experimenting with forms of transportation that offer alternatives to the dominance of cars. This is a provocative and comprehensive book. Learn more about your ad choices. Visit megaphone.fm/adchoices

What seems mundane today—walking into a supermarket, picking up goods, and paying at a checkout—was once a radical experiment. In our latest New Books Network episode, I speak with Andrew Godley about The Making of the Modern Supermarkett: Self-Service Adoption in British Food Retailing, 1950-1975 (Oxford UP, 2025), co-authored with Bridget Salmon, former archivist at J. Sainsbury plc. This is a book about far more than shopping. It is a history of technology, management, urban planning, consumer behaviour, and how everyday routines were quietly transformed in post-war Britain. Drawing on rare corporate archives, Godley and Salmon reveal how supermarkets were not inevitable but carefully designed organisations shaped by strategic choices, technological constraints, and shifting consumer expectations. In the conversation, we explore how self-service reshaped labour and productivity, why Sainsbury’s distinctive commitment to fresh meat helped define the one-stop supermarket, and how planning initiatives such as the New Towns and Abercrombie’s vision for London influenced retail geography. We also discuss early experiments with computerised ordering, the limits of technological modernisation, and what Sainsbury’s story can—and cannot—tell us about the wider evolution of retailing in Britain and Europe. Finally, Andrew reflects on the surprises hidden in corporate archives and what the history of supermarkets can teach us about today’s transformations—from online grocery shopping to automated checkouts. If you have ever wondered how the modern supermarket came to be—and what it reveals about capitalism, technology, and everyday life—this episode is for you. Learn more about your ad choices. Visit megaphone.fm/adchoices

A sobering investigation of the rush for lithium for electric vehicles, the problematic history of lithium mining, and the consequences for sustainability. Consumers today are buying electric vehicles with lithium-ion batteries motivated by the belief that they are doing good and decarbonizing society. But is sustainable lithium extraction possible? In Living Minerals, Javiera Barandiarán examines the history of lithium mining and uses during the twentieth century, with a specific focus on the two oldest brine-lithium mines: Silver Peak, Nevada, and Salar de Atacama, Chile, where lithium is found as one more element in a liquid mix of salts, minerals, and organisms. For six decades, mining experts have failed to ask about water usage, about waste or brine leakage, and about the ecosystem impacts in delicate deserts. Instead, they have relied on various fictions about the size of reserves, the fate of leaked brine, or the value of waste in facilitating mine development. These fictions, rooted in brine-lithium’s material qualities, could be sustained thanks to powerful mining memories that celebrated resource nationalism. Unique in its historical and multidimensional approach to minerals and mining, based on the novel Rights of Nature paradigm, and using new archival materials from both Chile and the US, the book argues that decarbonizing society requires that we reckon with these realities—or risk deepening our dependency on an unsustainable mining industry. Javiera Barandiarán is Associate Professor in the Global Studies program at the University of California, Santa Barbara.  Sandra Elizabeth is a graduate student enrolled at the Department of Sociology in Shiv Nadar University, Delhi- NCR. Her research relates to water- control projects implemented in a low- lying, deltaic region in South- West Indian state of Kerala called Kuttanad– which is dubbed as the state’s rice granary. She can be reached out on X Learn more about your ad choices. Visit megaphone.fm/adchoices

Drawing on decades of experience covering the global economy, New York Times' journalist Peter S. Goodman profiles five representative Davos Men-members of the billionaire class-chronicling how their shocking exploitation of the global pandemic has hastened a fifty-year trend of wealth centralization. Alongside this reporting, Goodman delivers textured portraits of those caught in Davos Man's wake, including a former steelworker in the American Midwest, a Bangladeshi migrant in Qatar, a Seattle doctor on the front lines of the fight against COVID, blue-collar workers in the tenements of Buenos Aires, an African immigrant in Sweden, a textile manufacturer in Italy, an Amazon warehouse employee in New York City, and more in his book, Davos Man: How the Billionaires Devoured the World (Custom House, 2022). Peter S. Goodman is the global economic correspondent for The New York Times, based in New York. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices

The late nineteenth and early twentieth centuries marked a pivotal time for the United States as the nation emerged as a political and industrial powerhouse and fashioned its new value system. Amid waves of emigration and evolving cultural exchanges, Italy’s relationship with America became a complex tapestry of admiration, critique, and adaptation. This study of Italy’s Americanism explores social debates within Italy regarding emigration, the development of a Columbian narrative, European reactions to the Spanish-American War, the impact of American products on Italian society, and former US president Woodrow Wilson’s military intervention and political propaganda during the First World War. It highlights discussions among Italians about the implications of emigration, contrasting prevailing negative views with a counter-narrative from Italian journalists, scholars, and missionaries who visited the United States. The negotiation of US imports and their incorporation into the Italian national context document the formation of a distinct American subculture and the early phases of the nation’s Americanization. The Rise of Americanism in Italy, 1888-1919 (University of Toronto Press, 2025) provides a unique perspective to assess the early stages of America’s “soft” expansion, as the flow of departing and returning emigrants made Italy a favourable terrain for commercial penetration in Europe, transforming an export ideology into a complex network of transatlantic relations. Luca Cottini, PhD, is an associate professor of Italian in Villanova University. He is also the creator of the popular Youtube channel, Italian Innovators. Caleb Zakarin is CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is environmental degradation an inevitable result of economic development? Can ecosystems be restored once government officials and the public are committed to doing so? These questions are at the heart of Stevan Harrell's An Ecological History of Modern China (University of Washington Press, 2023), a comprehensive account of China's transformation since the founding of the People's Republic from the perspective not of the economy but of the biophysical world. Examples throughout illustrate how agricultural, industrial, and urban development have affected the resilience of China's ecosystems—their ability to withstand disturbances and additional growth—and what this means for the country's future. Drawing on decades of research, Harrell demonstrates the local and global impacts of China's miraculous rise. In clear and accessible prose, An Ecological History of Modern China untangles the paradoxes of development and questions the possibility of a future that is both prosperous and sustainable. It is a critical resource for students, scholars, and general readers interested in environmental change, Chinese history, and sustainable development. Stevan Harrell is professor emeritus of anthropology and environmental and forest sciences at the University of Washington. His many books include Ways of Being Ethnic in Southwest China. 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

The Soviet Union was one of the most secretive states that ever existed. Defended by a complex apparatus of rules and checks administered by the secret police, the Soviet state had seemingly unprecedented capabilities based on its near monopoly of productive capital, monolithic authority, and secretive decision making. But behind the scenes, Soviet secrecy was double-edged: it raised transaction costs, incentivized indecision, compromised the effectiveness of government officials, eroded citizens' trust in institutions and in each other, and led to a secretive society and an uninformed elite. The result is what Dr. Mark Harrison in Secret Leviathan: Secrecy and State Capacity under Soviet Communism (Stanford University Press, 2023) calls the secrecy/capacity tradeoff: a bargain in which the Soviet state accepted the reduction of state capacity as the cost of ensuring its own survival. This book is the first comprehensive, analytical, multi-faceted history of Soviet secrecy in the English language. Dr. Harrison combines quantitative and qualitative evidence to evaluate the impact of secrecy on Soviet state capacity from the 1917 Bolshevik Revolution to the collapse of the Soviet Union in 1991. Based on multiple years of research in once-secret Soviet-era archives, this book addresses two gaps in history and social science: one the core role of secrecy in building and stabilising the communist states of the twentieth century; the other the corrosive effects of secrecy on the capabilities of authoritarian states. 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

What happens when states experience a rapid increase in resource wealth? This book examines the significant diamond find in eastern Zimbabwe in 2006, possibly the largest in over 100 years, and its influence on the institutional trajectory of the country. In Zimbabwe's Diamond Trade: The State, Resource Politics and Development (Cambridge UP, 2025) Dr. Nathan Munier examines how this rapid increase in resource production shaped the policies available to political actors, providing a fresh understanding of the perpetuation of ZANU-PF rule and the variation in the trajectory of institutions in Zimbabwe compared to other Southern African states. This study places Zimbabwe amongst the overall population of resource-wealthy countries such as Angola, Botswana, Namibia and South Africa, especially those that experience a significant increase in production. In doing so, Dr. Munier contributes to the understanding of resource politics, political economy, and comparative African politics. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the United States, the stoicism and importance of the “working class” is part of the national myth. The term is often used to conjure the contributions and challenges of the white working class – and this obscures the ways in which Black workers built institutions like the railroads and universities – but also how they transformed unions, changed public policy, and established community.  In Black Folk: The Roots of the Black Working Class (LIveright, 2023), Dr. Blair LM Kelley restores the Black working class to the center of the American story by interrogating the lives of laundresses, Pullman porters, domestic maids, and postal workers. The book is both a personal journey and a history of Black labor in the United States from enslavement to the present day with a focus on a critical era: after Southern Emancipation to the early 20th century, when the first generations of Black working people carved out a world for themselves. Dr. Kelley captures the character of the lives of Black workers not only as laborers, activists, or members of a class but as individuals whose daily experiences mattered – to themselves, to their communities, and to “the nation at large, even as it denied their importance.” As she weaves together rich oral histories, memoirs, photographs, and secondary sources, she shows how Black workers of all genders were “intertwined with the future of Black freedom, Black citizenship, and the establishment of civil rights for Black Americans.” She demonstrates how her own family’s experiences mirrors this wider history of the Black working class – sometimes in ways that she herself did not realize before writing the book. Even as the book confronts violence, poor working conditions, and a government that often legislated to protect the interests of white workers and consumers, Black Folk celebrates the ways in which Black people “built and rebuilt vital spaces of resistance, grounded in the secrets that they knew about themselves, about their community, their dignity, and their survival.” Black Folk looks back but also forward. In examining the labor and challenges of individuals, Dr. Kelley sheds light on reparations and suggests that Amazon package processing centers, supermarkets, and nursing homes can be spaces of resistance and labor activism in the 21st century. Dr. Blair LM Kelley is the Joel R. Williamson Distinguished Professor of Southern Studies at the University of North Carolina-Chapel Hill and incoming director of the Center for the Study of the American South, the first Black woman to serve in that role in the center’s thirty-year history. She is also the author of Right to Ride: Streetcar Boycotts and African American Citizenship in the Era of Plessy v. Ferguson from the University of North Carolina Press. Dr. Kelley mentions Dr. Tera W. Hunter’s To ‘Joy My Freedom: Southern Black Women’s Lives and Labors After the Civil War, Duke University’s Behind the Veil oral history project, and Philip R. Rubio’s There’s Always Work at the Post Office: African American Postal Workers and the Fight for Jobs, Justice, and Equality. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The City's Defense: The Bank of England and the Remaking of Economic Governance, 1914-1939, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War Responding to mass unemployment and volatile exchange rates, the Bank expanded its reach into areas outside the traditional scope of central banking, including industrial policy and foreign affairs. It designed a system of economic governance that reinforced the preeminence of sterling as a reserve currency. Drawing on a range of archival evidence from national governments, private corporations, and international organizations, Yee reevaluates our understanding of Britain's impact on the global economic order. Learn more about your ad choices. Visit megaphone.fm/adchoices

Embassy buildings are the most tangible evidence of a state’s diplomatic presence abroad. State authorities have invested in the architectural conception of purpose-built embassies to flex their diplomatic muscle and project nationhood on foreign soil. While scholars have primarily focused on purpose-built embassies of (former) world powers, Building for Belgium: Belgian Embassies in a Globalising World (1945-2020) (Leuven UP, 2025) by Dr. Bram de Maeyer shifts the perspective by scrutinising the Belgian Ministry of Foreign Affairs’ embassy-building programme from 1945 to 2020. Rather than a conventional political assessment of diplomatic relations, the book foregrounds the often-overlooked architectural lives of embassies and their social, economic, and political entanglements. By examining Belgian embassy projects across all continents, it reveals how the Belgian diplomatic corps has navigated diverse political regimes, geopolitical contexts, cultures, and building codes. More than the outcome of a deliberate policy, the embassy-building programme has been shaped by incidental decisions, private ambitions and personal tastes of Belgian diplomats, ministry officials and politicians. Building for Belgium not only sheds light on diplomatic architecture but also connects domestic conversations about architecture in Belgium with global state-building projects. Offering fresh insights into the politics of space, it will be of value to scholars and practitioners in architecture, urban studies, international relations, cultural heritage, and Belgian and European studies. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices