New Books in Economic and Business History

Edmond Smith, "Ruthless: A New History of Britain’s Rise to Wealth and Power, 1660-1800" (Yale UP, 2025)


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Was Britain’s industrial revolution the result of its machines, which produced goods with miraculous efficiency? Was it the country’s natural abundance, which provided coal for its engines, ores for its furnaces and food for its labourers? Or was it Britain’s colonies, where a brutalized enslaved workforce produced cotton for its factories?

In Ruthless: A New History of Britain’s Rise to Wealth and Power, 1660-1800 (Yale UP, 2025), acclaimed historian Professor Edmond Smith shows how the world’s first industrial nation was founded on the ruthless exploitation of technology, people and the planet. This economic system linked the plantations of the Caribbean with the colossal cotton mills of northern England, applied the innovations of science and agriculture to colonial exploration, and formalised financial markets in self-serving ways. At the heart of these processes were Britons themselves, early capitalists who spun webs of expertise and investment to connect exploitative practices across the globe.

Ruthless offers an eye-opening account of Britain’s economic transformation—and the scale and breadth of brutality that it depended upon.

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.

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