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

What do Warren Buffett and Friedrich Nietzsche have in common? Why does Baruch Spinoza’s understanding of irrational emotions help explain financial markets? How did Voltaire’s success in a bond lottery arbitrage shape his writing? Can David Hume teach an investor when to buck the consensus and when to heed it?Exploring these questions and many others, Ethan A. Everett reveals the surprising lessons we can learn about investing from major philosophers. Demystifying ideas and texts that can often seem intimidating or irrelevant, he shows how philosophical concepts can be fruitfully applied to financial markets. Everett shares how philosophers’ insights have informed his development as an investor, and he considers how great investors have embodied philosophical wisdom in their own endeavors.Ranging from the birth of modern securities markets in seventeenth-century Amsterdam to recent trends like meme stocks, this book shows why a philosophical perspective can prove invaluable to challenging common assumptions in finance. Thinkers like Spinoza or Baudrillard are sometimes envisioned as disembodied minds constructing opaque, self-enclosed theoretical systems, but Everett elegantly concretizes their teachings, brings them to bear on our lived experience of the world, and shows how they can help us better appreciate the joys and vicissitudes of the market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sugar is everywhere in the western diet, blamed for epidemics of obesity, diabetes, and other modern maladies. Our addiction to sweetness has a long and unsavory history. Over the past five hundred years, sugar has shaped empires, made fortunes for a few, and brought misery for millions of workers both enslaved and free. How did sugar become a defining modern food and an essential global commodity? In Unrefined: How Capitalism Reinvented Sugar (U Chicago Press, 2025), Dr. David Singerman recasts our thinking about this crucial substance in the history of capitalism. Before the nineteenth century, sugar’s value depended on natural qualities: its color, its taste, where it was grown, and who had made it. But beginning around 1850, a combination of plantation owners, industrialists, and scientists set out to redefine sugar itself. Deploying the tools and rhetoric of science, they transformed not just how sugar was produced or traded but even how people thought about it. By changing sugar into a pure chemical object, these forces stripped power from workers and enabled—and obscured—new kinds of fraud, corruption, and monopoly. Taking us to unexplored spaces in the world of sugar, from laboratories and docks to refineries and the halls of Congress, Dr. Singerman illuminates dark intersections of the histories of corruption, science, and capitalism. 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

Seeds of Exchange: Soviets, Americans, and Cooperation in Agriculture, 1921–1935 (Northern Illinois UP, 2025) examines the US and Soviet exchange of agricultural knowledge and technology during the interwar period. Maria Fedorova challenges the perception of the Soviet Union as a passive recipient of American technology and expertise. She reveals the circular nature of this exchange through official government bureaus, amid anxious farmers in crowded auditoriums, in cramped cars across North Dakota and Montana, and by train over the once fertile steppes of the Volga. Amid the post–World War I food insecurity, Soviet and American agricultural experts relied on transnational networks, bridging ideological differences. As Soviets traveled across the US agricultural regions and Americans plowed steppes in the southern Urals and the lower Volga, both groups believed that innovative solutions could be found beyond their own national borders. Soviets were avidly interested in American technology and American agricultural experts perceived the Soviet Union to be an ideal setting for experimenting with and refining modern farm systems and organizational practices. As Seeds of Exchange shows, agricultural modernization was not the exclusive domain of Western countries. Guest: Maria Fedorova (she/her) is an Assistant Professor in the Department of Russian Studies at Macalester College. She received her PhD in history at the University of California, Santa Barbara. Her research focuses on the history of agriculture, food insecurity, US-Russia/Soviet relations, and transnational history. Host: Jenna Pittman (she/her), a Ph.D. student in the Department of History at Duke University. She studies modern European history, political economy, and Germany from 1945-1990. Scholars@Duke: https://scholars.duke.edu/pers... Linktree: https://linktr.ee/jennapittman Learn more about your ad choices. Visit megaphone.fm/adchoices

Driving Productivity: Automation, Labor, and Industrial Development in the United States and Germany (Brill, 2025) reconstructs the industrial histories of the American and German automotive industries in a new light. From the Fordist assembly line to Japanese lean production and Industry 4.0, Anthony J. Knowles critically examines major technical developments within the historical dynamics of capitalism. Both countries face the pressure to automate, transform labor, and increase efficiency, yet their responses differ due to divergent paradigms of integrating business, labor, and government. Driving Productivity makes the case that improving productivity is a never-ending process that becomes a compulsory social imperative that industries must respond to but are nevertheless responded to differently between countries. Guest: Anthony Knowles (he/him) is a Teaching Assistant Professor in Sociology and a Postdoctoral Researcher at the Center for Transportation Research at the University of Tennessee. Host: Jenna Pittman (she/her), a Ph.D. student in the Department of History at Duke University. She studies modern European history, political economy, and Germany from 1945-1990. Scholars@Duke: here Linktree: here Learn more about your ad choices. Visit megaphone.fm/adchoices

Orthodoxy on the Line: Russian Orthodox Christians and Labor Migration in the Progressive Era (NYU Press, 2025) is an Immigration and labor history of the Russian Orthodox Church in the US At the turn of the twentieth century, thousands of immigrants from the borderlands of the Russian and Austro-Hungarian Empires built a transnational church in North America. The community that church leaders called American Orthodox Rus’ was created by and for working people, and transformed believers’ identities as Eastern European migrants, as Orthodox Christians, and as American workers. Given how strongly the Russian Orthodox Christian community was tied to working class industrial life, this book makes the case that we cannot understand the scope of working class and immigrant religion in the United States without understanding American Orthodox Rus’. The work Russian Orthodox immigrants did in the Progressive Era United States occurred in factories, foundries, and mines; they lived mainly in industrial cities and mining towns; and they almost immediately got caught up in the most pivotal—and sometimes violent—political and social crises of their times, both nationally and internationally. To address their needs in these contexts, the Russian Orthodox Church expanded its missionary efforts in North America, forming a network of social and material aid for working-class believers. This book traces the rapid growth of this transnational religious world, then explores its unexpected collapse under the weight of the First World War, a global pandemic, and the transnational reach of revolutionary political change in Russia. A story of challenge and resilience, Orthodoxy on the Line complicates dominant paradigms in the study of labor and North American Religions. Guest: Aram G. Sarkisian (he/him) is a historian of religion, immigration, and labor in the United States. Host: Jenna Pittman (she/her), a Ph.D. student in the Department of History at Duke University. She studies modern European history, political economy, and Germany from 1945-1990. Scholars@Duke: here Linktree: here Learn more about your ad choices. Visit megaphone.fm/adchoices

How debt and speculation financed the suburban American dream and led to today’s inequalities In the popular imagination, the suburbs are synonymous with the “American Dream” of upward mobility and economic security. After World War II, white families rushed into newly built suburbs, where they accumulated wealth through homeownership and enjoyed access to superior public schools. In this revelatory new account of postwar suburbanization, historian Michael R. Glass exposes the myth of uniform suburban prosperity. Focusing on the archetypal suburbs of Long Island, Cracked Foundations: Debt and Inequality in Suburban America (U Pennsylvania Press, 2025) uncovers a hidden landscape of debt and speculation. Glass shows how suburbanites were not guaranteed decent housing and high-quality education but instead had to obtain these necessities in the marketplace using home mortgages and municipal bonds. These debt instruments created financial strains for families, distributed resources unevenly across suburbs, and codified racial segregation. Most important, debt transformed housing and education into commodities, turning homes and schools into engines of capital accumulation. The resulting pressures made life increasingly precarious, even for those privileged suburbanites who resided in all-white communities. For people of color denied the same privileges, suburbs became places where predatory loans extracted wealth and credit rating agencies punished children in the poorest school districts. Long Islanders challenged these inequalities over several decades, demanding affordable housing, school desegregation, tax equity, and school-funding equalization. Yet the unequal circumstances created by the mortgages and bonds remain very much in place, even today. Cracked Foundations not only transforms our understanding of housing, education, and inequality but also highlights how contemporary issues like the affordable housing crisis and school segregation have their origins in the postwar golden age of capitalism. Guest: Michael Glass (he/him) is a political and urban historian of the twentieth-century United States, with research and teaching interests in racism, capitalism, and inequality. Michael is an Assistant Professor of History at Boston College. Host: Jenna Pittman (she/her), a Ph.D. student in the Department of History at Duke University. She studies modern European history, political economy, and Germany from 1945-1990. Scholars@Duke: here Linktree: here Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States' unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country’s geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. This book also features a history of the Federal Reserve. Richard Duncan has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

The abortion market was a powerful economic force in American life. Before legalization lowered the cost, one million women each year collectively paid upward of $750 million for abortions. In The Abortion Market: Buying and Selling Access in the Era Before Roe (University of Pennsylvania Press, 2025), Dr. Katherine Parkin reveals the strength of a massive consumer market that involved loans, advertising, and travel, as well as the costs associated with the procedure itself. Laying the foundation for the emergence of a public market that facilitated the buying and selling of abortions, wealthy population control ideologues encouraged positive public discourse on abortion, funded medical studies, and waged legal battles. White, middle- and upper-class women sought out abortions and paid exorbitantly for them. Male entrepreneurs emerged to capitalize on the booming market and profit from the incredible demand. Advertising on billboards and in college newspapers, men profited by providing the phone number, getting kickbacks for delivering patients, and arranging for women’s travel to Mexico, Puerto Rico, England, and Japan. Students demanded abortion access and organized when it came at a steep cost, especially to the poorest among them. Abortion providers in Kansas, California, and Washington, D.C. attracted out-of-state consumers, with some women aided by their universities or by medical insurance. Between 1970 and 1973, entrepreneurs, providers, and hundreds of thousands of women seeking to buy abortions headed to New York City, heralded by some as the “abortion capital of the world.” While we may have imagined that securing an abortion was best understood as a hidden, woman-only experience, The Abortion Market reveals the extent to which businesses and businessmen openly selling abortion access shaped the experience of buying abortions for millions of women. 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

This open access book is about Mozambicans and Angolans who migrated in state-sponsored schemes to East Germany in the late 1970s and throughout the 1980s. They went to work and to be trained as a vanguard labor force for the intended African industrial revolutions. While they were there, they contributed their labor power to the East German economy. This book draws on more than 260 life history interviews and uncovers complex and contradictory experiences and transnational encounters. What emerges is a series of dualities that exist side by side in the memories of the former migrants: the state and the individual, work and consumption, integration and exclusion, loss and gain, and the past in the past and the past in the present and future. By uncovering these dualities, the book explores the lives of African migrants moving between the Third and Second worlds. Devoted to the memories of worker-trainees, this transnational study comes at a time when historians are uncovering the many varied, complicated, and important connections within the global socialist world. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Architecture of the Wire explores the development of telecommunications infrastructure and its impact on the architectural and urban culture of the modern age—from poles, wires, and cables, to “micro-architectures,” such as the théâtrophone and the telephone booth. Starting with the intrepid worldwide infrastructures of the late nineteenth century, Carlotta Darò proposes a new history that explores the multiple links and crossroads of such technical “things” with architecture and art.Based on extensive research of North American company archives, and French institutional ones, and drawing on secondary literature in art and architectural history, media studies, and the history of technology, Darò examines the aesthetic implications of material objects that have forever changed our urban, rural, and domestic environments. This interview was conducted by Matthew Wells, Senior Lecturer in Architectural Studies at the University of Manchester. His research explores architecture in the long nineteenth century, focusing on artistic techniques, technology, and political economy. Wells is the author of Modelling the Metropolis: The Architectural Model in Victorian London (2023). Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, host Andrea Talabér (CEU Press) sat down with Emília Barna to discuss her new book, Working in Music on the Semiperiphery: Local Cultural Production and Global Capitalism (CEU Press, 2025). We talked about the changes and continuities that the Hungarian music industry underwent from the communist to the post-communist era, the impact of the Covid-19 pandemic on Barna’s research, and the gendered aspects of the music industry. Working in Music on the Semiperiphery is available in Open Access, through CEU Press’ Opening the Future initiative. You can download the book free here. You can find out more about Opening the Future here. You can purchase a physical copy here. The CEU Press Podcast delves into various aspects of the publishing process: from crafting a book proposal, finding a publisher, responding to peer review feedback on the manuscript, to the subsequent distribution, promotion and marketing of academic books. We also talk to series editors and authors, who will share their experiences of getting published and discuss their series or books. Stay tuned for future episodes and subscribe to our podcast to be the first to be notified. Learn more about your ad choices. Visit megaphone.fm/adchoices

Vanilla is one of the most expensive of flavorings—so valuable that it was smuggled or stolen by pirates in the early days—and yet it is everywhere. It is a key ingredient in dishes ranging from crème brûlée to Japanese purin. It is the quintessential ice cream flavor in the United States. In Vanilla: The History of an Extraordinary Bean (Yale UP, 2025) Dr. Eric T. Jennings explains how the world’s only edible orchid, originally endemic to Central America, became embedded in the international culinary and cultural landscape. In tracing vanilla’s rise, Dr. Jennings describes how in the 1840s an enslaved boy named Edmond Albius discovered a way to pollinate vanilla orchids with a toothpick or needle—an ingenious process that is still in use. This method transformed the vanilla sector by enabling the plant to be grown outside of its natural range. Dr. Jennings also looks at how the vanilla craze led to the search for now‑pervasive substitutes, and how a vanilla lobby has fought back. He further unravels how vanilla—the world’s most expensive crop and once considered its most refined fragrance—came to mean “bland.” This tale of botany, production techniques, consumption habits, and colonial rivalry connects the Atlantic, Indian, and Pacific Oceans, revealing how vanilla has become a potent symbol of the modern global village. 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

Since the Reagan era, conservatives in the United States have championed cutting taxes, especially for wealthy individuals and corporations, as the best way to achieve economic prosperity. In his new book, Pay Up!: Conservative Myths about Tax Cuts for the Rich (Cambridge UP, 2025) John L. Campbell shows that while these claims are highly influential, they are also wrong. Using historical and cross-national evidence, the book challenges and refutes every justification conservatives have made for tax cuts - that American taxes are too high; they hurt the economy; they facilitate government waste; they constitute an unfair downward redistribution of income; and they threaten individual freedom - and conversely shows that countries can actually benefit from higher taxes, especially when tax increases fall most heavily on those most able to pay them. Through clear prose and a well-reasoned argument, Campbell's book provides an accessible, engaging, and much-needed perspective on the role of taxes in American society. Learn more about your ad choices. Visit megaphone.fm/adchoices