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

The Inattention Economy: How Women of Color Built the Internet (U Minnesota Press, 2026) by Dr. Lisa Nakamura challenges the widespread myth that the internet was born from the labor of a handful of white male entrepreneurs, recovering the uncredited and unpaid contributions of women of color. Focusing on three key inflection points in computing—the microchip era of the 1960s and ’70s, the rise of social media in the 2000s, and A.I.-fueled virtual reality in the 2020s—Dr. Nakamura illuminates these women’s instrumental roles in building new technologies and making them coherent to users. From the Navajo women who manufactured the first semiconductor circuits in New Mexico to Tila Tequila, the queer Vietnamese American refugee who became the first true internet influencer in the MySpace age, to Black virtual reality creators, Dr. Nakamura highlights how women’s gendered and racialized identities have uniquely positioned them to mediate the development and proliferation of new technologies. She exposes how these women have been structurally excluded from racial capitalism’s benefits while their labor is considered as exploitable and inexhaustible as that of machines. Confronting this injustice, she focuses our attention on their work, which undergirds and makes possible the platforms ingrained in our daily lives. Arguing for both recognition and material compensation for these women’s labor, The Inattention Economy is a powerful counterhistory of Silicon Valley and a persuasive call to imagine a different kind of internet. 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

When Volkswagen’s Chattanooga Assembly Plant opened in 2012, the United Auto Workers were excited by the golden opportunity to organize in the anti-union South, where their efforts had been routinely thwarted. However, it took ten years and several attempts before the UAW was successful in unionizing the plant. Reassembling the UAW: Insurgency, Contention, and the Struggle for Unionism in the American South (Temple UP, 2026) explains why. Dr. Abe Walker chronicles the organizing campaign from its origin in 2014 to the union’s breakthrough victory in 2024, illustrating what went wrong—and what went right—along the way. Walker provides a systematic analysis of the strategic challenges and tactical shifts, showing the patterns that persisted across three election cycles while highlighting their differences, from global-level alliances to local labor issues. Reassembling the UAW also demonstrates how rebel rank-and-file workers ousted the old-guard leadership and transformed the UAW into a militant union to achieve results. Ultimately, Walker offers valuable lessons for organizational strategy, the power of collective action, and the future of the labor movement. 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 this episode of High Theory, Saronik talks with Erik Baker about the Entrepreneurial Work Ethic. The dominant work ethic of our current moment, it asks us to constantly create new work for ourselves. Eric contrasts the entrepreneurial work ethic with the industrious work ethic, which valued hard work and drudgery in one’s allotted task. Over the course of the 20th century industriousness was replaced by entrepreneurship in the American economic imaginary. The ultimate villain of the entrepreneurial mode is the bureaucrat, the ultimate failing is complacency. This toxic, exhausting ethos in which the standard of all labor is changing the world, paradoxically stabilizes our economic system, by trapping us in unachievable dreams. We should note that High Theory as an academic side hustle is exemplary of the entrepreneurial work ethic, even if we have no ethics. That’s why we made a Patreon. The transcript of this episode lives here as a WordDoc and here as a PDF. Erik’s new book, Make Your Own Job: How the Entrepreneurial Work Ethic Exhausted America (Harvard UP 2025) 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.” 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. Where work is hard to find and older nostrums about diligent effort fall flat, the advice to “make your own job” keeps hope alive. Erik Baker is a lecturer in the History of Science Department and the director of the senior thesis program for the History & Science concentration. He received his PhD from Harvard and his BA from Northwestern University. He has published on the history of social science and American capitalism in Modern Intellectual History, History of the Human Sciences, and Studies in History and Philosophy of Science. He also writes widely for magazines such as n+1, The Baffler, and The Drift, where he is an associate editor. Image for this episode is an unidentified book illustration from the British Library Commons. It shows a group of people kneeling in front of a dollar sign. It was found for High Theory by Lili Epstein on the Public Domain Image Archive. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all understand that knowledge shapes the fate of business and the growth of nations, but few of us are aware of the principles that govern its motion. The Infinite Alphabet: And the Laws of Knowledge (Allen Lane, 2026) unravels the laws describing the growth and diffusion of knowledge by taking you from a failed attempt to build a city of knowledge in Ecuador to the growth of China's innovation economy. Through dozens of stories, you will learn why aircraft manufacturers in Italy began manufacturing scooters after the Second World War and how migrants like Samuel Slater shaped the industrial fabric of the United States. Knowledge is the secret to the wealth of nations. But to understand it, we must accept that it is not a single thing, but an ever-growing tapestry of unique ideas, experiences and received wisdom. An Infinite Alphabet that we are only beginning to fathom. César A. Hidalgo, a world-renowned scholar for his work on economic complexity, will walk you through the "three laws" and the many principles that govern how knowledge grows, moves, and decays. By the end of this journey, you will understand why knowledge grows exponentially in the electronics industry and what mechanisms govern its diffusion across geographic borders, social networks, and professional boundaries. Together these principles will teach you how knowledge shapes the world. César A. Hidalgo is a physicist, professor, and author known for pioneering work in economic complexity, data visualization, and applied artificial intelligence. For nine years he led MIT's Collective Learning Group before moving to France to found the Center for Collective Learning (CCL), an international research laboratory with offices at the Toulouse School of Economics and Corvinus University of Budapest. Caleb Zakarin is CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the hierarchy of foods, snacks are deemed trivial – perhaps even childish – especially in contrast to meals, which are seen as substantial and necessary. The multiple aisles devoted to sweet and savory treats in supermarkets, and the availability of snacks even at places like home improvement and department stores, speak to the popularity of snacking. But the ubiquity of snacks is relatively new and not common to all countries.In Snack (Bloomsbury, 2026), part of the Object Lessons series, Dr. Eurie Dahn traces the story of snacking culture through specific snacks, including Flamin' Hot Cheetos, cheese crackers, and Choco Pies, and in the contexts of ethnicity, popular culture, diet culture, and even parenting. Snack is an idiosyncratic cultural history that offers surprisingly filling food for thought. 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

The untold story of the first-generation Jewish American toymakers who literally manufactured “the century of the child.” In 1902, Morris and Rose Michtom invented the Teddy Bear―bound by clothing scraps, stuffed with sawdust, and given button eyes with a sad, longing expression―in the back room of their Brooklyn candy store. Together they launched the Ideal Toy Corporation, joining a set of other poor, first-generation Jewish toymakers: the Hassenfeld brothers of Hasbro, Ruth Moskowicz and Elliot Handler of Mattel, and Joshua Lionel Cowan of Lionel Trains. From Barbie and G.I. Joe to Popeye, Superman, and Mr. Potato Head, Playmakers: The Jewish Entrepreneurs Who Created the Toy Industry in America (W. W. Norton & Co, 2026) reveals how the toy industry created the idealized American childhood: an enchanted world, full of wild creatures and eternal struggles between good and evil, with endless realms of fantasy and beauty. For much of the twentieth century, every part of the American toy business was largely Jewish―the company founders, executives, and designers, as well as the factory workers, wholesale distributors, retail outlets, and armies of salesmen. A descendant of the founders of the Ideal Toy Corporation, Michael Kimmel shows how these poor, often Yiddish-speaking, tenement-dwelling children of immigrants invented a world they never experienced for themselves. Along with the toys and Jewish toymakers that climbed the ladder of success, Kimmel also portrays the rise of an entire culture focused on children, led by Jewish comic book creators, children’s authors, parenting experts, and child psychologists. The first full-scale toy history of the United States, Kimmel’s story conjures the colorful, imaginative, restless spirits who followed the promise of the American Dream―and describes the ways in which the world they came from molded their beloved creations. Playmakers shows that the overlapping experiences of being a Jew, an immigrant, and a child in twentieth-century America―an outsider looking in, a person desperate to be accepted―created childhood as we know it today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Giant companies, launch rockets into space, control satellite communication and develop era-defining AI technologies. But they are also seen as promoting misinformation, undermining democracy and violating privacy. Big banks, reeling since the financial crisis of 2008, continue to be racked with major scandals. Drawing on examples such as the VW scandal in Germany, Cambridge Analytica and Samsung the authors of Billionaire Backlash: The Age of Corporate Scandal and How it Could Save Democracy (Bloomsbury, 2026) show that these scandals are opportunities for real political change. Learn more about your ad choices. Visit megaphone.fm/adchoices

Electric Wind: An Energy History of Modern Britain by Marianna Dudley (Manchester University Press, 2025) is a cutting-edge history of wind power in Britain. There are turbines on the horizon. The blades whirl with metronomic rhythm. With each rotation, wind is transformed into electricity. An energy revolution is underway. Electric wind rewinds to the beginning to explore the rise of wind energy in modern Britain. From the industrial revolution to the aftermath of war, through energy crises and the changing politics of the late twentieth century, we see how energy has shaped a nation - and how a nation is reflected and refracted through energy. Boldly charting Britain through its wildest, windiest places, this book takes us to the edges of land and beyond to think deeply about the role of nature in politics, science and technology. Visionaries and hippies join engineers and entrepreneurs. Traditions and local cultures meet infrastructure and industry in this captivating history. At a time when action on carbon emissions is urgent, Electric wind offers examples, ideas and stories to fuel change going forwards. This book is an essential read for anyone interested in nature, climate change, landscape and the making of modern Britain. Marianna Dudley is Senior Lecturer in Environmental Humanities at the University of Bristol. She is the author of An Environmental History of the UK Defence Estate (2012). Filippo De Chirico is a Ph.D. Candidate in Energy History at Roma Tre University (Italy). His research focuses on the history of the Italian natural gas sector.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Black Power, Inc.: Corporate America and the Rise of Multinational Empowerment Politics, (U Pennsylvania Press, 2026), traces the rise of Black empowerment politics in the United States and Africa. On a cold January day in 1964, civil rights minister turned entrepreneur Rev. Leon Howard Sullivan declared to a group of supporters gathered to witness the launch of Sullivan’s latest venture, Opportunities Industrialization Centers, Inc., “The day has come when we must do more than protest—we must now also PREPARE and PRODUCE!” Occasionally linked with the movement for Black Power, Sullivan and others, including Coca-Cola vice president Carl Ware and Atlanta mayor Andrew Young, were in fact architects of Black empowerment—an intellectual and political movement that championed private enterprise as the key to Black people’s prosperity.Jessica Ann Levy traces Black empowerment’s rise in American politics—from early twentieth-century influences including Booker T. Washington and Marcus Garvey to the cities of postwar America into corporate boardrooms and government offices—and across the Atlantic Ocean to Africa. Civil rights leaders, Black entrepreneurs, white corporate executives, and government officials all championed Black empowerment as a means to address multiple crises in US cities and to blunt some of the more radical aspects of the Black Power movement. Black empowerment politics likewise found application overseas in various Cold War efforts to promote American-style free enterprise in Africa. This was especially the case in South Africa, where US corporate executives and government officials wielded Black empowerment politics to oppose apartheid and divestment.By the early twenty-first century, the idea that private enterprise, including small-scale entrepreneurs and large multinational corporations, should play a leading role in combating racial inequality and empowering Black and other marginalized people featured prominently in various policies and programs at the local, national, and international level. By tracing Black empowerment politics’ evolution, Black Power, Inc. explains its popularity, championed by leaders from Bill Clinton to Nelson Mandela, while also revealing its role in expanding US corporate power, locally and globally. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades, tree planting and forestry have been pivotal to Chinese environmentalism. During the Mao era, while forests were razed to fuel rapid increases in industrial production, the “Greening the Motherland” campaign promoted conservationist tree-planting nationwide. Contested Environmentalisms: Trees and the Making of Modern China (Stanford UP, 2025) explores the seemingly contradictory rhetoric and desires of Chinese conservation from the early twentieth century through to the present. Drawing on literary, cinematic, scientific, archival, and digital media sources, Cheng Li investigates the emergence, evolution, and devolution of Chinese conservationist ideas. Combining literary, historical, and environmental studies approaches, he shows that these ideas acquired their value and assumed their power precisely because of their malleability and adaptability. Li historicizes authoritarian environmentalism and probes the global-local dynamics underlying conservationist ideas that energize environmental impulses in China. Examining ethnic borderlands, the Beijing political center, and China's growth on the world stage, this book demonstrates the strength of Chinese environmentalism to adapt and survive through tumultuous change lies in what seems to be a weakness: its inconsistency and contestation. Cheng Li is an Assistant Professor of Chinese Studies at Carnegie Mellon University, specializing in modern Chinese environmental literature, film, science fiction, and history. He is a literary scholar and a cultural historian. His research focuses on cultural history, ecocriticism, and infrastructure. Yadong Li is an anthropologist-in-training. He is a PhD candidate of Socio-cultural Anthropology at Tulane University. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The story of ancient Rome is predominantly one of great men with great fortunes. Surviving Rome: The Economic Lives of the Ninety Percent (Princeton UP, 2025) unearths another history, one of ordinary Romans, who worked with their hands and survived through a combination of grit and grinding labor.  Focusing on the working majority, Kim Bowes tells the stories of people like the tenant farmer Epimachus, Faustilla the moneylender, and the pimp Philokles. She reveals how the economic changes of the period created a set of bitter challenges and opportunistic hustles for everyone from farmers and craftspeople to day laborers and slaves. She finds working people producing a consumer revolution, making and buying all manner of goods from fine pottery to children’s toys. Many of the poorest working people probably pieced together a living from multiple sources of income, including wages. And she suggests that Romans’ most daunting challenge was the struggle to save. Like many modern people, saving enough to buy land or start a business was a slow, precarious slog. Bowes shows how these economies of survival were shared by a wide swath of the populace, blurring the lines between genders, ages, and legal status.Drawing on new archaeological and textual evidence, Surviving Rome presents a radical new perspective on the economy of ancient Rome while speaking to the challenges of today’s laborers and gig workers surviving in an unforgiving global world. Kim Bowes is professor of archaeology and ancient history at the University of Pennsylvania. She is the author of Houses and Society in the Later Roman Empire and Private Worship, Public Values, and Religious Change in Late Antiquity. 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: here Learn more about your ad choices. Visit megaphone.fm/adchoices

An innovative approach in the field of material culture and consumption studies, Life in the Georgian Parsonage: Morals, Material Goods and the English Clergy (Bloomsbury, 2025) by Dr. Jon Stobart looks at the houses, consumption and lifestyle of Church of England clergy in the long 18th century, linking moral debates and popular representations of the clergy to the material culture of their houses and their motivations as consumers.By focusing on ethical and moral dimensions of consumer practices, it challenges established readings of consumption in the long 18th century as an essentially secular process in which goods were markers of wealth, status and taste, by bringing the clergyman into the frame – their lives, their habits and their homes.Cross-disciplinary in its approach, combining material culture and religious and social history and sitting at the intersection of these fields, Life in the Georgian Parsonage fills a significant gap, enhancing in important ways our knowledge of this group as a crucial but understudied set of 18th-century consumers, while also contributing to understanding the parish clergy of England in the context of 18th-century society and culture. Bringing together a wide range of source material – from probate inventories to personal account books, satirical prints to sermons, diaries to designs for parsonages – the author reconstructs the material lives and household arrangements of the Georgian clergy in glorious detail. Examining the parish clergy over this period of profound social and religious change through the lens of consumption, and consumption through the lives of these clergymen, has a transformative impact both on these areas of enquiry and on our understanding of English society in the 18th century. 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

Geoffrey Jones and Sabine Pitteloud present the latest research on the global history of multinationals and their impact on society and the environment. The Cambridge Companion to the History of Multinationals and Society (Cambridge UP, 2026) brings together leading international scholars, these essays survey key themes in our relationship with multinationals, from taxation and corruption to gender and the climate. Though often associated with large corporations like Apple or Nestlé, the contributors highlight the remarkable diversity in multinational strategies and organizational structures. They challenge the idea of an inescapable rise of multinationals by looking beyond the experience of Western countries and considering the effects of dramatic political shifts. Multinationals have often acted opportunistically, with their resilience carrying social costs through the exploitation of weak regulations, corrupt governments, inequalities, poor human rights, and environmental harm. This is an essential introduction to the historical role of multinationals for scholars and students as well as for policymakers and stakeholders navigating today's economic landscape. Presented by Paula de la Cruz-Fernández. Learn more about your ad choices. Visit megaphone.fm/adchoices