New Books in Economic and Business History

In From Big Oil to Big Green: Holding the Oil Industry to Account for the Climate Crisis (MIT Press, 2022), Professor Marco Grasso examines the responsibility of the oil and gas industry for the climate crisis and develops a moral framework that lays out its duties of reparation and decarbonization to allay the harm it has done. By framing climate change as a moral issue and outlining the industry's obligation to tackle it, Grasso shows that Big Oil is a central, yet overlooked, agent of climate ethics and policy.

Isobel Akerman is a History PhD student at the University of Cambridge studying biodiversity and botanic gardens.

The Synchronized Society: Time and Control From Broadcasting to the Internet (Rutgers University Press, 2023) by Dr. Randall Patnode traces the history of the synchronous broadcast experience of the twentieth century and the transition to the asynchronous media that dominate today. Broadcasting grew out of the latent desire by nineteenth-century industrialists, political thinkers, and social reformers to tame an unruly society by controlling how people used their time.

The idea manifested itself in the form of the broadcast schedule, a managed flow of information and entertainment that required audiences to be in a particular place – usually the home – at a particular time and helped to create “water cooler” moments, as audiences reflected on their shared media texts. Audiences began disconnecting from the broadcast schedule at the end of the twentieth century, but promoters of social media and television services still kept audiences under control, replacing the schedule with surveillance of media use.

Dr. Randall Patnode offers compelling new insights into the intermingled roles of broadcasting and industrial/post-industrial work and how Americans spend their time.

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.

Today I talked to Joseph Sassoon about his book The Sassoons: The Great Global Merchants and the Making of an Empire (Pantheon, 2022)

They were one of the richest families in the world for two hundred years, from the 19th century to the 20th, and were known as ‘the Rothschilds of the East.’

Mesopotamian in origin, and for more than forty years the chief treasurers to the pashas of Baghdad and Basra, they were forced to flee to Bushir on the Persian Gulf; David Sassoon and sons starting over with nothing, and beginning to trade in India in cotton and opium.

The Sassoons soon were building textile mills and factories, and setting up branches in shipping in China, and expanding beyond, to Japan, and further west, to Paris and London. They became members of British parliament; were knighted; and owned and edited Britain’s leading newspapers, including The Sunday Times and The Observer.

And in 1887, the exalted dynasty of Sassoon joined forces with the banking empire of Rothschild and were soon joined by marriage, fusing together two of the biggest Jewish commerce and banking families in the world.

Against the monumental canvas of two centuries of the Ottoman Empire and the changing face of the Far East, across Europe and Great Britain during the time of its farthest reach, Joseph Sassoon gives us a riveting generational saga of the making of this magnificent family dynasty.

Geraldine Gudefin is a French-born modern Jewish historian researching Jewish family life, legal pluralism, and the migration experiences of Jews in France and the United States. She is currently a research fellow at the Hebrew University’s Avraham Harman Research Institute of Contemporary Jewry, and is completing a book titled An Impossible Divorce? East European Jews and the Limits of Legal Pluralism in France, 1900-1939.

Anne Giblin Gedacht’s Tōhoku Unbounded: Regional Identity and the Mobile Subject in Prewar Japan (Brill, 2022) centers cross-border mobility in its narrative of the history of Japan’s Tōhoku region in the late nineteenth and early twentieth centuries. The book is a challenge to the stereotypical image of the Northeast as static and isolated. Focusing on Pacific migration―to Asia, North America, and the Philippines―Gedacht pieces together an account of how mobility and movement were instrumental in creating modern Tōhoku regional identities, and how this process was integral to Japan’s modern self-image. In this sense, Tōhoku Unbounded contributes to a growing body of literature exploring factors such as mobility and region in the construction of the modern world of nation-states.

Nathan Hopson is an associate professor of Japanese language and history in the University of Bergen's Department of Foreign Languages.

This is the second Peoples & Things episode featuring a guest host. In this case, it is M. R. “Mols” Sauter, an assistant professor of information studies at the University of Maryland. Sauter and Lee Vinsel interview writer Malcolm Harris about his recent book, Palo Alto: A History of California, Capitalism, and the World. Palo Alto (Little, Brown, and Company, 2023) is a BIG history of a single US city, how it developed, and how it fits into larger trend and processes of capitalist production and change. Harris, who grew up in the area, finds Palo Alto to be a place haunted by its many dark legacies, and the book’s conclusion raises large questions about the future of capitalism, justice, and the fate of the planet. This interview was recorded as a live stream as a part of Red May, “a month-long spree of red arts, red theory, and red politics based in Seattle, Washington” that “plots ways forward to a world beyond capitalism.” We are very grateful to all the Red May organizers for asking Peoples & Things to take part in the event and for allowing us to re-publish the recording as this episode.

Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019.

Today, the word "neoliberal" is used to describe an epochal shift toward market-oriented governance begun in the 1970s. Yet the roots of many of neoliberalism's policy tools can be traced to the ideas and practices of mid-twentieth-century liberalism. In Illusions of Progress, Brent Cebul chronicles the rise of what he terms "supply-side liberalism," a powerful and enduring orientation toward politics and the economy, race and poverty, that united local chambers of commerce, liberal policymakers and economists, and urban and rural economic planners. Beginning in the late 1930s, New Dealers tied expansive aspirations for social and, later, racial progress to a variety of economic development initiatives. In communities across the country, otherwise conservative business elites administered liberal public works, urban redevelopment, and housing programs. But by binding national visions of progress to the local interests of capital, liberals often entrenched the very inequalities of power and opportunity they imagined their programs solving. 

When President Lyndon Johnson launched the War on Poverty--which prioritized direct partnerships with poor and racially marginalized citizens--businesspeople, Republicans, and soon, a rising generation of New Democrats sought to rein in its seeming excesses by reinventing and redeploying many of the policy tools and commitments pioneered on liberalism's supply side: public-private partnerships, market-oriented solutions, fiscal "realism," and, above all, subsidies for business-led growth now promised to blunt, and perhaps ultimately replace, programs for poor and marginalized Americans. In this wide-ranging book, Brent Cebul illuminates the often-overlooked structures of governance, markets, and public debt through which America's warring political ideologies have been expressed and transformed. From Washington, D.C. to the declining Rustbelt and emerging Sunbelt and back again, Illusions of Progress: Business, Poverty, and Liberalism in the American Century (U Pennsylvania Press, 2023) reveals the centrality of public and private forms of profit that have defined the enduring boundaries of American politics, opportunity, and inequality-- in an era of liberal ascendence and an age of neoliberal retrenchment.

The Cargo Rebellion: Those Who Chose Freedom (PM Press, 2022) tells a true story of mutiny on the high seas in which four hundred indentured Chinese men overthrew their captor, the Connecticut businessman and slave trader Leslie Bryson, taking a stand against an exploitative global enterprise. The laborers learned that Bryson’s claimed destination of San Francisco was a lie to trick them into deadly servitude in the dreaded guano islands of Peru. Reaching a dramatic tipping point, the mutineers rose up and killed Bryson and several of the ship's officers and then attempted to sail back to China.

This book's centerpiece, a deft graphic account of the rebellion in the context of the “coolie trade” and the struggle to end traffic in human “cargo,” is supported by essays that spotlight the rebellion itself, how the subject of indentured Asian workers is being taught in classrooms, and how Chinese workers shaped the evolution of American music, particularly in the making of the first drum set. The Cargo Rebellion is a history from below that does justice to the memory of the hundreds of thousands of indentured workers and demonstrates how Asian migration to the Americas was rooted in slavery, colonialism, and the life-and-death struggle against servitude.

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.

In this episode of High Theory, Eram Alam talks with us about shortage. A political tool, rather than a natural lack, the concept of a shortage changes the flows of goods and people across borders and space. The concept of a doctor shortage was used in the US immigration reform of the 1960s to recruit discount elite labor from newly postcolonial nations, creating the downstream effect of shortages in their countries of origin. These recruiting practices remain in effect, with a US physician workforce that is approximately 25% international medical graduates, while domestic and international doctor shortages abound.

Eram Alam is an assistant professor of the History of Science at Harvard University. Her book The Care of Foreigners studies the enduring consequences of post-colonial migration from Asia to the US. We’re so excited to read it when it comes out! In the meantime, you can read her article “Cold War Crises: Foreign Medical Graduates Respond to US Doctor Shortages, 1965–1975” Social History of Medicine 33 no. 1 (Feb 2020).

This week’s image of a hospital corridor was uploaded to the image sharing site Pixbay by a user named Mitrey.

Our Recall this Buck series, back in 2020 and 2021, explored the history of money, ranging from the earliest forms of labor IOUs to the modern world of bitcoin and electronically distributed value. We began by focusing on the rise of capitalism, the Bank of England, and how an explosion of liquidity changed everything.

We were lucky to do so, just before the Pandemic struck, with Christine Desan of Harvard Law School, who recently published Making Money: Coin, Currency, and the Coming of Capitalism (Oxford University Press, 2014). She is also managing editor of JustMoney.org, a website that explores money as a critical site of governance. Desan’s research explores money as a legal and political project. Her approach opens economic orthodoxy to question by widening the focus on money as an instrument, to examine the institutions and agreements through which resources are mobilized and tracked, by means of money. In doing so, she shows that particular forms of money, and the markets within which they circulate, are neither natural or inevitable.

Read the episode here.

In Bridging the Divide: Working-Class Culture in a Middle-Class Society (ILR Press, 2021), Jack Metzgar attempts to determine the differences between working-class and middle-class cultures in the United States. Drawing on a wide range of multidisciplinary sources, Metzgar writes as a now middle-class professional with a working-class upbringing, explaining the various ways the two cultures conflict and complement each other, illustrated by his own lived experiences.

Set in a historical framework that reflects on how both class cultures developed, adapted, and survived through decades of historical circumstances, Metzgar challenges professional middle-class views of both the working-class and themselves. In the end, he argues for the creation of a cross-class coalition of what he calls "standard-issue professionals" with both hard-living and settled-living working people and outlines some policies that could help promote such a unification if the two groups had a better understanding of their differences and how to use those differences to their advantage.

Bridging the Divide mixes personal stories and theoretical concepts to give us a compelling look inside the current complex position of the working-class in American culture and a view of what it could be in the future.

John Lepley is a union activist in Pittsburgh, Pennsylvania and can be reached at [email protected].