New Books in Economic and Business History

In Slow Wood: Greener Building from Local Forests (Yale UP, 2024), environmental historian Brian Donahue advances a radical proposal for healing the relationship between humans and forests through responsible, sustainable use of local and regional wood in home building. 

American homes are typically made of lumber and plywood delivered by a global system of ruthless extraction, or of concrete and steel, which are even worse for the planet. Wood is often the most sustainable material for building, but we need to protect diverse forests as much as we desperately need more houses. Donahue addresses this modern conundrum by documenting his experiences building a timber frame home from the wood growing on his family farm, practicing “worst first” forestry. Through the stories of the trees he used (sugar maple, black cherry, black birch, and hemlock), and some he didn’t (white pine and red oak), the book also explores the history of Americans’ relationship with their forests.

Donahue provides a new interpretation of the connection between American houses and local woodlands. He delves into how this bond was broken by the rise of a market economy of industrial resource extraction and addresses the challenge of restoring a more enduring relationship. Ultimately, this book provides a blueprint and a stewardship plan for how to live more responsibly with the woods, offering a sustainable approach to both forestry and building centered on tightly connected ecological and social values.

Brian Donahue is Emeritus Professor of American Environmental Studies at Brandeis University and co-owner of Bascom Hollow Farm in Gill, Massachusetts.

Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website.

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In recent decades, the disciplines of retail history, business history, design and cultural history have contributed to the study of department stores and other types of shops. However, these studies have only made passing references to window display and its role in retail, society and culture. In The Professionalization of Window Display in Britain, 1919-1939 (Bloomsbury, 2024) Dr. Kerry Meakin investigates the conditions that enabled window display to become a professional practice during the interwar period, exploring the shift in display styles, developments within education and training, and the international influence on methods and techniques.

Piecing together the evidence, visual and written, about people, events, organisations, exhibitions and debates, Dr. Meakin provides a critical examination of this vital period of design history, highlighting major display designers and artists. The book reveals the modernist aesthetic developments that influenced high street displays and how they introduced passers-by to modern art movements.

This interview was conducted by Dr. Miranda Melcher whose new 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.

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Dangerous Anarchist Strikers (Brill, 2023) explores the ideas of three largely forgotten radical women who participated in labor union strikes in Argentina and Uruguay, Canada, and the United States: Virginia Bolten (c.1876-1960), one of the most militant anarchists of southern South America; Helen Armstrong (1875-1947), a major leader of the Winnipeg General Strike of 1919, whose involvement in that important event in Canadian history was, for a long time, obscured by accounts that emphasized the accomplishments of men; and Elizabeth Gurley Flynn (1890-1964), the Wobbly leader who directed many industrial strikes throughout the United States, and was one of the founders of the American Civil Liberties Union, who eventually became the leader of the Communist Party, USA. It also examines the contributions of two similarly neglected anarchist men who participated in labor union strikes and industrial action in New Zealand, Australia, Chile, Argentina, and Japan. Tom Barker (1887-1970) was an anarchist who eventually became a socialist who worked to promote labor unionism on four continents and who tried to create a global One Big Union for sailors. Kōtoku, Shūsui (1871-1911) was a liberal who became a socialist and finally an anarchist. An opponent of governmental imperialism and ecological mismanagement, he studied and translated the works of Western thinkers and sought to apply what he learned from other cultures to the development of Japan.

Steve J. Shone is Lecturer in Political Science at Texas A&M University-Kingsville. He received his Ph.D. (1992) in political science from the University of California-Riverside. He has taught at Winona State University, Gonzaga University, and the University of Texas-Rio Grande Valley. He is the author of Lysander Spooner: American Anarchist(Lexington Books, 2010), American Anarchism (Brill, 2013), Women of Liberty (Brill, 2019), and Rose Summerfield: Australian Radical (Lexington Books, 2022).

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. Twitter.

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At the beginning of the twentieth century, two British inventors, Arthur Pollen and Harold Isherwood, became fascinated by a major military question: how to aim the big guns of battleships. These warships—of enormous geopolitical import before the advent of intercontinental missiles or drones—had to shoot in poor light and choppy seas at distant moving targets, conditions that impeded accurate gunfire. Seeing the need to account for a plethora of variables, Pollen and Isherwood built an integrated system for gathering data, calculating predictions, and transmitting the results to the gunners. At the heart of their invention was the most advanced analog computer of the day, a technological breakthrough that anticipated the famous Norden bombsight of World War II, the inertial guidance systems of nuclear missiles, and the networked “smart” systems that dominate combat today. Recognizing the value of Pollen and Isherwood’s invention, the British Royal Navy and the United States Navy pirated it, one after the other. When the inventors sued, both the British and US governments invoked secrecy, citing national security concerns.

Drawing on a wealth of archival evidence, Analog Superpowers: How Twentieth-Century Technology Theft Built the National Security State (University of Chicago Press, 2024) by Dr. Katherine C. Epstein analyzes these and related legal battles over naval technology, exploring how national defense tested the two countries’ commitment to individual rights and the free market. Dr. Epstein deftly sets out Pollen’s and Isherwood’s pioneering achievements, the patent questions raised, the geopolitical rivalry between Britain and the United States, and the legal precedents each country developed to control military tools built by private contractors.

Dr. Epstein’s account reveals that long before the US national security state sought to restrict information about atomic energy, it was already embroiled in another contest between innovation and secrecy. The America portrayed in this sweeping and accessible history isn’t yet a global hegemon but a rising superpower ready to acquire foreign technology by fair means or foul—much as it accuses China of doing today.

This interview was conducted by Dr. Miranda Melcher whose new 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.

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When the last 36 inhabitants of St Kilda, 40 miles west of the Scottish Hebrides, were evacuated in 1930, the archipelago at ‘the edge of the world’ lost its permanent population after five millennia.

It has long been accepted that the islanders’ failure to adapt to the modern world was its demise. Andrew Fleming overturns the traditional view. Unafraid of highlighting dark times, he shows how they sacrificed their reputation as an uncorrupted, ideal society to embrace and exploit the tourist trade. Creating a prestigious tweed, exporting the ancestors of today’s Hebridean sheep, the islanders gained access to consumer goods and learned how to play politics to their advantage.

The Gravity of Feathers: Fame, Fortune and the Story of St Kilda (Birlinn, 2024) by Dr. Andrew Fleming tells the absorbing and eventful story of St Kilda from earliest times, up to the evacuation and its aftermath. Previously untapped sources and fresh insights bring to life the personalities, feelings, attitudes and rich culture of the islanders themselves, as well as the numerous outsiders who engaged with the remote island community.

This interview was conducted by Dr. Miranda Melcher whose new 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.

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In Health Freaks: America's Diet Champions and the Specter of Chronic Illness (University of North Carolina Press, 2024) Dr. Travis A. Weisse tells a new history of modern diets in America that goes beyond the familiar narrative of the nation's collective failure to lose weight. By exploring how the popularity of diets grew alongside patients' frustrations with the limitations and failures of the American healthcare system in the face of chronic disease, Weisse argues that millions of Americans sought "fad" diets—such as the notorious Atkins program which ushered in the low-carbohydrate craze—to wrest control of their health from pessimistic doctors and lifelong pharmaceutical regimens.

Drawing on novel archival sources and a wide variety of popular media, Dr. Weisse shows the lengths to which twentieth-century American dieters went to heal themselves outside the borders of orthodox medicine and the subsequent political and scientific backlash they received. Through colorful profiles of the leaders of four major diet movements, Health Freaks demonstrates that these diet gurus weren't shady snake oil salesmen preying on the vulnerable; rather, they were vocal champions for millions of frustrated Americans seeking longer, healthier lives.

This interview was conducted by Dr. Miranda Melcher whose new 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.

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Welcome to What Just Happened, a Recall This Book experiment. In it you will hear three friends of RTB reacting to the 2024 election and discussing the coming four years. Mark Blyth (whose planned February 2020 appearance was scrubbed by the pandemic) is an international economist from Brown University, whose many books for both scholars and a popular audience include Great Transformations (2002), Angrynomics (2020; with Eric Lonergan) and (with Nicolo Fraccaroli) Inflation: A Guide for Users and Losers (New York: Norton 2025).

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Balkan Cyberia: Cold War Computing, Bulgarian Modernisation, and the Information Age Behind the Iron Curtain (MIT Press, 2023) examines the history of the computer industry in socialist Bulgaria. Combining the histories of technology and political economy with that of the Cold War and the modern Balkans, Balkan Cyberia challenges the notions of backwardness, the importance of small states in large geopolitical systems, the nature of the Iron Curtain, and the concept of 1989 as a convenient end-point in the history of communism. By drawing on Bulgarian, Indian, and Russian archives, as well as a range of interviews, this work reveals how a small Balkan state used its unique advantages to gain major markets, and in the process transform its political thinking. A local and a global story at the same time, the story of the Bulgarian computer offers unique insights into the history of the twentieth century information age.

Iva Glisic is a historian and art historian specialising in modern Russia and the Balkans.

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What can dresses, bedlinens, waistcoats, pantaloons, shoes, and kerchiefs tell us about the legal status of the least powerful members of American society? In the hands of eminent historian Laura F. Edwards, these textiles tell a revealing story of ordinary people and how they made use of their material goods' economic and legal value in the period between the Revolution and the Civil War.

Only the Clothes on Her Back: Clothing and the Hidden History of Power in the Nineteenth-Century United States (Oxford University Press, 2022) by Dr. Laura F. Edwards uncovers practices, commonly known then, but now long forgotten, which made textiles—clothing, cloth, bedding, and accessories, such as shoes and hats—a unique form of property that people without rights could own and exchange. The value of textiles depended on law, and it was law that turned these goods into a secure form of property for marginalized people, who not only used these textiles as currency, credit, and capital, but also as entree into the new republic's economy and governing institutions. Dr. Edwards grounds the laws relating to textiles in engaging stories from the lives of everyday Americans. Wives wove linen and kept the proceeds, enslaved people traded coats and shoes, and poor people invested in fabrics, which they carefully preserved in trunks. Dr. Edwards shows that these stories are about far more than cloth and clothing; they reshape our understanding of law and the economy in America.

Based on painstaking archival research from fifteen states, Only the Clothes on Her Back reconstructs this hidden history of power, tracing it from the governing order of the early republic in which textiles' legal principles flourished to the textiles' legal downfall in the mid-nineteenth century when they were crowded out by the rising power of rights.

This interview was conducted by Dr. Miranda Melcher whose new 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.

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Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to replace production as the engine of economic growth. In the global South, financial liberalization has exacerbated long-standing patterns of boom-and-bust cycles, and the growth of the financial sector has caused anxieties that speculative investments in natural resource extraction, urban real estate, and rural farm land are dispossessing and displacing people rather than improving human development. Overall, the growth of the financial sector has created the perception that we’re entering a new phase in capitalism’s history in which speculation and rent-seeking have displaced production as the engines of economic growth.

My guest today, the political economist Nick Bernards, challenges this narrative. In his new book, Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism (Pluto Press, 2024), Bernards argues that we need to re-center labor in narratives about the expansion of finance, that speculation and the subsumption of nature are always central to capitalism, and that major private-sector financial institutions have actually been reluctant to invest in major development projects in the global south. The main problem with the growth of finance is that it makes more exploitation, displacement, and environmental damage – in short, more capitalism – possible.

Nick Bernards is Associate Professor of Global Sustainable Development at the University of Warwick. He is the author of A Critical History of Poverty Finance (Pluto, 2022) and The Global Governance of Precarity (Routledge, 2018).

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