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 outbreak of the First World War shattered the established European art market. Amidst fighting, looting, confiscations, expropriation fears and political and economic upheaval, an integrated marketplace shaped by upper-class patrons broke down entirely. In its place, Maddalena Alvi argues, can be found the origins of a recognizably modern market of nationalized spheres driven by capitalist investment and speculation, yet open to wider social strata. Delving into auction records, memoirs, newspaper articles, financial and legal documents in six languages, Alvi explores these cultural and socio-economic developments across the British, French, and German markets, as well as trade spheres such as Russia and Scandinavia. 1914 marked the end of the European art market and cemented the connection between art and finance.  The European Art Market and the First World War: Art, Capital, and the Decline of the Collecting Class, 1910–1925 (Cambridge University Press, 2025) Maddalena Alvi holds a PhD in History from the University of Cambridge, an MSc in Economic and Social History from the University of Oxford, and an MLitt in Art History from the University of Glasgow. Priya S. Gandhi is a writer and strategist based in New York City. Learn more about your ad choices. Visit megaphone.fm/adchoices

Amid political repression and a deepening affordability crisis, Budget Justice: On Building Grassroots Politics and Solidarities (Princeton UP, 2025) challenges everything you thought you knew about “dull” and daunting government budgets. It shows how the latter confuse and mislead the public by design, not accident. Arguing that they are moral documents that demand grassroots participation to truly work for everyone, the book reveals how everyday citizens can shape policy to tackle everything from rising housing and food costs to unabated police violence, underfunded schools, and climate change–driven floods and wildfires.Drawing on her years of engagement with democratic governance in New York City and around the globe, Celina Su proposes a new kind of democracy—in which city residents make collective decisions about public needs through processes like participatory budgeting, and in which they work across racial divides and segregated spaces as neighbors rather than as consumers or members of voting blocs. Su presents a series of “interludes” that vividly illustrate how budget justice plays out on the ground, including in-depth interviews with activists from Porto Alegre, Brazil, Barcelona, Spain, and Jackson, Mississippi, and shares her own personal reflections on how changing social identities inform one’s activism.Essential reading to empower citizens, Budget Justice explains why public budgets reflect a crisis not so much in accounting as in democracy, and enables everyone, especially those from historically marginalized communities, to imagine and enact people’s budgets and policies—from universal preschool to affordable housing—that will enable their communities to thrive. Celina Su is the inaugural Marilyn J. Gittell Chair in Urban Studies (with an appointment in Critical Social & Environmental Psychology) at the Graduate Center of the City University of New York, as well as Associate Professor of Political Science at Brooklyn College. Her interests lie in civil society and the cultural politics of education and health policy. She is especially interested in how everyday citizens engage in policy-making—via deliberative democracy when inclusive institutions exist, and via protest and social movements when they do not. Celina received a Ph.D. in Urban Studies from MIT and a B.A. Honors from Wesleyan University. Jen Hoyer is Technical Services and Electronic Resources Librarian at CUNY New York City College of Technology. She is co-author of What Primary Sources Teach: Lessons for Every Classroom (2022) and The Social Movement Archive (2021), and co-editor of Armed By Design: Posters and Publications of Cuba’s Organization of Solidarity of the Peoples of Africa, Asia, and Latin America (2025). Learn more about your ad choices. Visit megaphone.fm/adchoices

In Hedged Out: Inequality and Insecurity on Wall Street (U California Press, 2022) Megan Tobias Neely, a former hedge fund worker takes an ethnographic approach to hedge funds. Manager? A greedy fraudster, a visionary entrepreneur, a wolf of Wall Street? She gives readers an insider perspective on the phenomenon. Facing an unpredictable and risky stock market, hedge fund workers work long hours and build tight-knit networks with people who look and behave like them. Neely shows how the system of elite power and privilege sustains and builds over time as the beneficiaries concentrate their resources. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Land Trap (Portfolio / Penguin), Mike Bird—Wall Street editor at The Economist—reveals how this ancient asset still exerts outsize influence over the modern world. From the speculative land grabs of colonial America to China's real estate crisis today, Bird shows how fortunes are built—and destroyed—on the bedrock of land. Tracing three centuries of history, Bird explores how land quietly became the linchpin of the global banking system, driving everything from soaring housing prices to rising geopolitical tensions. As governments wrestle with inequality and land grows ever scarcer, The Land Trap offers a powerful new framework for understanding the hidden force behind today's most urgent challenges. This is the book for anyone who wants to see beyond markets and money to the real game being played on a foundation as old as civilization itself. Timely, provocative, and essential, The Land Trap will change how you see the ground beneath your feet. Reed Schwartz (@reedschwartzsf) holds an MPhil in Intellectual History from the University of Cambridge. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the world moves with increasing urgency to mitigate climate change and catalyze energy transitions to net zero, understanding the governance mechanisms that will unlock barriers to energy transitions is of critical importance. Governing Energy Transitions: A Study of Regime Complex Effectiveness on Geothermal Development in Indonesia and the Philippines (Cambridge UP, 2025) by Dr. Kathryn Chelminski examines how the clean energy regime complex-the fragmented, complex sphere of governance in the clean energy issue area characterized by proliferating and overlapping international institutions-can be effective in fostering energy transitions at the domestic level, particularly in emerging market and developing economies (EMDEs). Through comparative case studies of geothermal development in Indonesia and the Philippines, the chapters provide two different tales of energy transitions, demonstrating how domestic factors have hindered or facilitated progress. This book will be useful for students, researchers, and practitioners working in international relations, energy politics, political science, development studies, public policy, international law, and sociology. 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 American Jewish philanthropic enterprise is unparalleled in scope, dynamism, and the diversity of funders and the causes they support. Yet even as Jewish giving has been largely successful in responding with alacrity to emergencies, it has been subjected to severe criticism. What once was regarded as a point of pride has become the object of scorn and dismissal, with skepticism--if not harsh criticism--about its work rife both within and outside Jewish communal circles. Based on 320 interviews with professionals at Jewish not-for-profits across the United States, principals of foundations and their top staff personnel, and also tax filings of major foundations, Jewish Giving: Philanthropy and the Shaping of American Jewish Life (NYU Press, 2025) provides readers with fresh perspectives to evaluate the efforts of Jewish donors, large and small. The book traces the evolution of Jewish giving from the colonial era to the present, charting the changing profile of those who give to Jewish causes and what funders have aimed to achieve through their largesse. It makes the case that philanthropy serves as a prism through which broader themes in communal life are illuminated. As society or politics change, the priorities of charitable giving adjust in response. These changes in targeted funding can help to sharpen our understanding of demographic and social patterns. Devoting much attention to twenty-first century developments in contemporary Jewish giving, the book pays special attention to the changing landscape of donors who are remaking Jewish philanthropy, including women, Orthodox Jews, Sephardi givers, and young funders. Learn more about your ad choices. Visit megaphone.fm/adchoices

Peoples & Things host, Lee Vinsel, talks with Thomas Haigh, Professor and Chair of History and affiliate of the Department of Computer Science at University of Wisconsin-Milwaukee, about his forthcoming book on the history of artificial intelligence. The book, which has had the working title _Artificial Intelligence: The History of a Brand_ with the final title to be determined, examines how and why historical actors have decided to apply the term “artificial intelligence” to a variety of disparate computing technologies that often have very little to do with one another. Vinsel and Haigh also talk about how the book’s lessons apply to our current Generative AI bubble and an assortment of other fun topics along the way. Learn more about your ad choices. Visit megaphone.fm/adchoices

They worked Virginia's tobacco fields, South Carolina's rice marshes, and the Black Belt's cotton plantations. Wherever they lived, enslaved people found their lives indelibly shaped by the Southern environment. By day, they plucked worms and insects from the crops, trod barefoot in the mud as they hoed rice fields, and endured the sun and humidity as they planted and harvested the fields. By night, they clandestinely took to the woods and swamps to trap opossums and turtles, to visit relatives living on adjacent plantations, and at times to escape slave patrols and escape to freedom. Scars on the Land: An Environmental History of Slavery in the American South (Oxford UP, 2022) is the first comprehensive history of American slavery to examine how the environment fundamentally formed enslaved people's lives and how slavery remade the Southern landscape. Over two centuries, from the establishment of slavery in the Chesapeake to the Civil War, one simple calculation had profound consequences: rather than measuring productivity based on outputs per acre, Southern planters sought to maximize how much labor they could extract from their enslaved workforce. They saw the landscape as disposable, relocating to more fertile prospects once they had leached the soils and cut down the forests. On the leading edge of the frontier, slavery laid waste to fragile ecosystems, draining swamps, clearing forests to plant crops and fuel steamships, and introducing devastating invasive species. On its trailing edge, slavery left eroded hillsides, rivers clogged with sterile soil, and the extinction of native species. While environmental destruction fueled slavery's expansion, no environment could long survive intensive slave labor. The scars manifested themselves in different ways, but the land too fell victim to the slave owner's lash. Although typically treated separately, slavery and the environment naturally intersect in complex and powerful ways, leaving lasting effects from the period of emancipation through modern-day reckonings with racial justice. Brandon T. Jett, professor of history at Florida SouthWestern State College, creator of the Lynching in LaBelle Digital History Project, and author of Race, Crime, and Policing in the Jim Crow South (LSU Press, 2021) and co-editor of Steeped in a Culture of Violence: Murder, Racial Injustice, and Other Violent Crimes in Texas, 1965–2020 (Texas A&M University Press, scheduled Spring 2023). Twitter: @DrBrandonJett1. Learn more about your ad choices. Visit megaphone.fm/adchoices

By the end of the twentieth century, the tomato—indigenous to the Americas—had become Egypt's top horticultural crop and a staple of Egyptian cuisine. The tomato brought together domestic consumers, cookbook readers, and home cooks through a shared culinary culture that sometimes transcended differences of class, region, gender, and ethnicity—and sometimes reinforced them. In Nile Nightshade: An Egyptian Culinary History of the Tomato (U California Press, 2025), Dr. Anny Gaul shows how Egyptians' embrace of the tomato and the emergence of Egypt's modern national identity were both driven by the modernization of the country's food system. Drawing from cookbooks, archival materials, oral histories, and vernacular culture, Dr. Gaul follows this commonplace food into the realms of domestic policy and labor through the hands of Egypt's overwhelmingly female home cooks. As they wrote recipes and cooked meals, these women forged key aspects of public culture that defined how Egyptians recognized themselves and one another as Egyptian. 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

Originating in the Nineteenth Century, the European idea of development was shaped around the premise that the West possessed progressive characteristics that the East lacked. As a result of this perspective, many alternative development discourses originating in the East were often overlooked and forgotten. Indian Economics is but one example. By recovering thought from the margins, Relocating Development Economics: The First Generation of Modern Indian Economists (Cambridge UP, 2024) exposes useful new ways of viewing development. It looks at how an Indian tradition in economic thought emerged from a group of Indian economists in the late Nineteenth Century who questioned dominant European economic ideas on development and agricultural economics. This book shows how the first generation of modern Indian economists pushed at the boundaries of existing theories to produce reformulations that better fit their subcontinent and opens up discursive space to find new ways of thinking about regress, progress, and development. Soumyadeep Guha is a fourth-year PhD student in the History Department at Binghamton University, New York. He is interested in historical research focusing on themes such as Agrarian/Environmental History, History of Science and Tech, Global History, and their intersections. His prospective dissertation questions are on the pre-history of the ‘Green Revolution’ in Eastern India. Learn more about your ad choices. Visit megaphone.fm/adchoices

In my interview with Jimmy Wales, father of Wikipedia, we celebrate his new book, The Seven Rules of Trust: A Blueprint for Building Things That Last (Crown Currency Publishing, 2025). We talk about how the book came about, how Wikipedia took flight, and how the challenges of maintaining trust and preserving neutrality shape the key to Wikipedia's future. Learn more about your ad choices. Visit megaphone.fm/adchoices

The dream of the modern worker’s house emerged in early twentieth-century America as wage earners gained access to new, larger, and better-equipped dwellings. Building a Social Contract: Modern Workers’ Houses in Early Twentieth-Century Detroit (Temple UP, 2023) is a cogent history of the houses those workers dreamed of and labored for. Dr. Michael McCulloch chronicles the efforts of employers, government agencies, and the building industry who, along with workers themselves, produced an unprecedented boom in housing construction that peaked in the mid-1920s. Through oral histories, letters, photographs, and period fiction, Dr. McCulloch traces wage earners’ agency in negotiating a new implicit social contract, one that rewarded hard work with upward mobility in modern houses. This promise reflected workers’ increased bargaining power but, at the same time, left them increasingly vulnerable to layoffs. Building a Social Contract focuses on Detroit, the quintessential city of the era, where migrant workers came and were Americanized, and real estate agents and the speculative housebuilding industry thrived. The Motor City epitomized the struggle of Black workers in this period, who sought better lives through industrial labor but struggled to translate their wages into housing security amid racist segregation and violence. When Depression-era unemployment created an eviction crisis, the social contract unraveled, and workers rose up—at the polls and in the streets—to create a labor movement that reshaped American capitalism for decades. Today, the lessons Dr. McCulloch provides from early twentieth-century Detroit are a necessary reminder that wages are not enough, and only working-class political power can secure affordable housing. 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

One of the oldest and most recognizable studios in Hollywood, Warner Bros. is considered a juggernaut of the entertainment industry. Since its formation in the early twentieth century, the studio has been a constant presence in cinema history, responsible for the creation of acclaimed films, blockbuster brands, and iconic superstars. In The Warner Brothers (UP of Kentucky, 2023), Chris Yogerst follows the siblings from their family's humble origins in Poland, through their young adulthood in the American Midwest, to the height of fame and fortune in Hollywood. With unwavering resolve, the brothers soldiered on against the backdrop of an America reeling from the aftereffects of domestic and global conflict. The Great Depression would not sink the brothers, who churned out competitive films that engaged audiences and kept their operations afloat―and even expanding. During World War II, they used their platform to push beyond the limits of the Production Code and create important films about real-world issues, openly criticizing radicalism and the evils of the Nazi regime. At every major cultural turning point in their lifetime, the Warners held a front-row seat. These days, the studio is best known as a media conglomerate with a broad range of intellectual property, spanning movies, TV shows, and streaming content. Despite popular interest in the origins of this empire, the core of the Warner Bros. saga cannot be found in its commercial successes. It is the story of four brothers―Harry, Albert, Sam, and Jack―whose vision for Hollywood helped shape the world of entertainment as we know it. Paying close attention to the brothers' identities as cultural and economic outsiders, Yogerst chronicles how the Warners built a global filmmaking powerhouse. Equal parts family history and cinematic journey, The Warner Brothers is an empowering story of the American dream and the legacy four brothers left behind for generations of filmmakers and film lovers to come. Chris Yogerst is the author of Hollywood Hates Hitler! Jew-Baiting, Anti-Nazism, and the Senate Investigation into Warmongering in Motion Pictures and From the Headlines to Hollywood: The Birth and Boom of Warner Bros. He appeared on the New Books Network to discuss the book in 2020. His work has appeared in the Washington Post, Los Angeles Review of Books, Journal of American Culture, Historical Journal of Film, Radio, and Television, and the Hollywood Reporter. He currently serves as an associate professor of communication in the Department of Arts and Humanities at the University of Wisconsin–Milwaukee. Joel Tscherne is an Adjunct History Professor at Southern New Hampshire University and an Associate Faculty member at University of Arizona Global Campus. His Twitter handle is @JoelTscherne. Learn more about your ad choices. Visit megaphone.fm/adchoices