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 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

The Heretic of Cacheu: Crispina Peres and the Struggle over Life in Seventeenth-Century West Africa (U Chicago Press, 2025) by Professor Toby Green tells the extraordinary story of seventeenth-century West African slave trader Crispina Peres to explore the shifting, sophisticated world in which she lived. In 1665, Crispina Peres, the most powerful trader in the West African slave-trafficking port of Cacheu, was arrested by the Portuguese Inquisition. Her enemies had conspired to denounce her for taking treatments prescribed by Senegambian healers, the djabakós. But who was Peres? And why was the Inquisition so concerned with policing the faith of a West African woman in today’s Guinea-Bissau? In The Heretic of Cacheu, award-winning historian Dr. Green takes us to the heart of this conundrum, immersing us in the atmosphere of an otherwise distant setting. We learn how people in seventeenth-century Cacheu built their houses; styled their clothes; healed themselves from illness; and worshipped, worked, and played. Green renders the haunting realities of the growing slave trade and the rise of European empires in shocking detail. By the 1650s, the relationships between Europe, West Africa, and the Americas were already old and tangled, with slaving ports, colonies, and military bases having intermingled over many generations. But Cacheu also profoundly troubled this dynamic. It was globally connected to places ranging from China and India to Brazil and Colombia, and women such as Crispina Peres ran the town and challenged the patriarchy of empire. For the first time, through surviving documents recording Peres’s case, The Heretic of Cacheu lets readers experience the reality of this unique place and time through a remarkable act of historical recovery. 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

A feminist romp through pop culture that illuminates how women influence and shape the economy. Taylor Swift isn't just a pop megastar. She is a working woman whose astounding accomplishments defy patriarchal norms. And while not all women can be Beyoncé or Dolly Parton or Reese Witherspoon, the successes of these trailblazing stars help us understand the central role of women in today's economy. Swiftynomics: How Women Mastermind and Redefine Our Economy (U California Press, 2026) assesses the complex economic lives of everyday American women through the stories of groundbreakers like Taylor Swift, Misty L. Heggeness digs into the data, revealing women's hidden contributions and aspirations—the unexamined value they create by pursuing their own ambitions. She highlights the abundance of productive activity in their daily lives and acknowledges the barriers they still face. Exploring critical reforms regarding caregiving and gendered labor, this book offers advice for women to thrive in an economy that was not built for them. More about the author: Misty L. Heggeness is co-director of the Kansas Population Center, Associate Professor of Economics and Public Affairs at the University of Kansas, and former Principal Economist and Senior Advisor at the US Census Bureau. She is also creator of The Care Board, a dashboard of economic statistics built by and for caregivers that brings their economic contributions into the fold. Learn more about Swifynomics: here Learn more about Misty: here More about the host: Kailey Tse-Harlow is a Chinese-Irish writer born and raised in Boston’s Chinatown. She earned her BA in Film and Television Production from Emerson College and her MFA in Creative Writing from Lesley University. Her nonfiction writing has appeared in MIT News, and she is currently at work on her debut novel with support from Tin House. Based in Cambridge, MA, Kailey lives with her partner and two cats. Alongside her writing, she works as a freelance publicist part-time. Learn more about your ad choices. Visit megaphone.fm/adchoices

Women and Work Through a Comparative Lens: Gender and the Urban Labor Markets of Premodern Brabant and Biscay explores women's economic roles in late medieval and early modern Europe, particularly through the lens of craft guilds and regional comparisons with the aim emphasising the visibility of women’s economic activities in premodern Europe. The book explains the nature of guilds at this period, emphasising their male-dominated nature that limited women's formal participation while still allowing them to play significant roles within household economies. Among other topical issues examined in the book are the institutional factors that shaped women's economic roles in the 16th century, with details on how households in Brabant functioned as economic units with women managing income and administration. Also, the book explained how institutions such as guilds, households, informal markets, and town governments shaped women's economic opportunities in the 16th century. Through a comparative approach, the book allows for a deeper understanding of women's visibility and economic conditions, particularly through the analysis of taxation registers and the public versus private nature of women’s work in different trades. The book contains a more nuanced comparison between specific regions in Europe, including Brabant and Biscay, to provide explanation on the North-South divide. The adoption of a comparative approach in the book enables a detailed analysis of women's labor opportunities including the fish trade, bread trade, itinerant informal trading, merchant activity and artisan work by examining two distinct regions. This comparative method reveals the complexities of women's economic positions and the varying factors that shaped their experiences cutting across town policy which placed restrictions due to guild influences. Mariam Olugbodi is a university teacher and a writer, she is the author of the monograph titled: “Stylistic Features in the 2011 and 2012 Final Matches Commentaries in the UEFA Champions League”, published by Grin Verlag. Mariam’s greatest dream is seeing a world where knowledge is accessible to all. She does this through her volunteering roles on open knowledge platforms as a host and an editor. As part of her effort to maintain inclusion and diversity in knowledge transmission, she volunteers as a teacher in crises contexts. Learn more and connect with Mariam through her social links @ (22) Olugbodi Mariam | LinkedIn, Mariam Olugbodi (0000-0001-5027-6644) - ORCID and User:Margob28 - Meta Learn more about your ad choices. Visit megaphone.fm/adchoices

In Corporate Power and the Politics of Change (Cambridge UP, 2025), Matteo Gatti examines how corporations have taken on roles traditionally reserved for governments - advocating on social issues, setting internal norms, and stepping in where public institutions fall short. This phenomenon, called corporate governing, takes two forms: socioeconomic advocacy, when companies take public stances, and government substitution, when they deliver services or protections the state does not provide. Drawing on legal doctrine and insights from the social sciences, Gatti shows how this shift reflects broader pressures within firms and deep dysfunction outside them. The rise of corporate governing has also triggered political, legal, and cultural backlash that challenges its legitimacy and reach. Clear-eyed and timely, this book offers a framework for understanding how corporate power reshapes policymaking and what that means for business and democracy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Dr. Lindsay Krasnoff, who is an historian, specializing in global sport, communications and diplomacy. She is also the Director of FranceandUS, and she lectures on sports diplomacy at New York University Tisch Institute of Global Sport. We met to talk about her most recent book: Basketball Empire: France and the Making of a Global NBA and WNBA (Bloomsbury, 2023). In our conversation, we discussed the rise of basketball in France, the differences between French and American basketball, and the way that French basketball stars such as Boris Diaw exemplify the new global “empire” of basketball that incorporates Africa, France and its overseas departments, and the USA. Krasnoff divides Basketball Empire into three parts that together investigate how French basketball developed from a low point in the middle of the 20th century to a global powerhouse contributing players to the NBA and the WNBA almost every year. Krasnoff argues that French basketball’s success hinges on their ability make use of their connections both with the United States and with their former empire. In examining the growth of basketball in France, Krasnoff traces a sporting genealogy that links together players, coaches, and even commentators from around the globe who compete together in France and help produce a distinctive French style of basketball that nevertheless has appeal outside of the hexagon. In Basketball Empire, Krasnoff’s first section takes off from her previous work on French association football, which looked at the development of Les Bleus. In the 1950s and 1960s, French basketball too was in crisis. In response, the French government, the Fédération française de basket-ball (FFBB), and even some sporting associations sought out new ways to improve the quality of play in France. Paris University Club brought in Americans who had played basketball in the NCAA but were now living in France to teach American approaches to the game. Individual players, including one of the earliest female French basketball stars Elisabeth Riffiod, watched film of American professionals like Bill Russell. The government redeveloped a national training centre: the National Institute of Sport, Expertise, and Performance (INSEP.) The French League professionalized in 1987. Since the 1990s, French basketball has enjoyed a rising number of successful EuroBasket and Olympic campaigns, including a men’s silver and a women’s bronze in 2020/21. Basketball Empire’s second section uses micro-biographies to explore the ways that contemporary French players developed their skills, how they made their moves into the NCAA, the NBA or the WNBA, and the challenges and opportunities that these moves provided them as players. In this section in particular, Krasnoff’s ability land and conduct interviews shines. She shows how diverse players, including Boris Diaw, Sandrine Gruda, Nicolas Batum, Marine Johannès, Diandra Tchatchouang, Evan Fournier, Mickaël Gelabale, and Rudy Gobert have become not only basketball stars but also informal diplomats that help build connections and translate between Africa, France and the United States. In the final section, Krasnoff considers why the French have been so successful at producing high quality men’s and women’s basketball players. She credits la formation à la française: the specific French training system that includes a national sports training center (the INSEP) as well as local and regional basketball academies (pôles espoirs). The future looks bright for French basketball and in our interview Krasnoff predicts French and US success in the upcoming Paris 2024 Olympiad. Keith Rathbone is a Senior Lecturer at Macquarie University in Sydney, Australia. He researches twentieth-century French social and cultural history. Learn more about your ad choices. Visit megaphone.fm/adchoices

The world is encountering multiple crises - climate, droughts, floods, energy, food, and pandemics, to name a few. Capitalism and Crises: How to Fix Them (Oxford UP, 2024) is about how capitalism can help fix them It has helped to cause because of a misconception about the nature of the system. There has been a failure to understand the key institution business. This book describes why this has happened and what needs to change to address it. At the core of the problem is the key driver of capitalism profit and the way in which those who run the system and provide it resources for it have been rewarded. Currently, profit comes from causing as well as solving problems. Drawing on history, philosophy, psychology, and biology as well economics, law, and finance, Mayer describes what has gone wrong and what needs to change. He sets out the big challenges that capitalism must address and discusses how financial institutions should be at the heart of this, and how the public sector can work with the private on a common purpose of creating shared prosperity. Capitalism and Crises is an inspiring and motivational roadmap. Learn more about your ad choices. Visit megaphone.fm/adchoices