New Books in Economic and Business History

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. 

When students gathered in a London coffeehouse and smoked tobacco; when Yorkshire women sipped sugar-infused tea; or when a Glasgow family ate a bowl of Indian curry, were they aware of the mechanisms of imperial rule and trade that made such goods readily available? 

In Eating the Empire: Food and Society in Eighteenth-Century Britain (Reaktion Books, 2020), Troy Bickham unfolds the extraordinary role that food played in shaping Britain during the long eighteenth century (circa 1660–1837), when such foreign goods as coffee, tea, and sugar went from rare luxuries to some of the most ubiquitous commodities in Britain—reaching even the poorest and remotest of households. Bickham reveals how trade in the empire’s edibles underpinned the emerging consumer economy, fomenting the rise of modern retailing, visual advertising, and consumer credit, and, via taxes, financed the military and civil bureaucracy that secured, governed, and spread the British Empire.

Troy Bickham is professor of history at Texas A & M University. He is the author of The Weight of Vengeance: The United States, the British Empire, and the War of 1812; Making Headlines: The American Revolution as Seen through the British Press; and Savages within the Empire.

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.

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life's necessities, those basic conditions for the "pursuit of happiness." For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace--nothing more. As Mark Paul explains, the latter interpretation--thanks in large part to a particularly influential cadre of economists--has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many.

In The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights (University of Chicago Press, 2023), Paul shows how economic rights--rights to necessities like housing, employment, and health care--have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America's founding documents. By drawing on FDR's proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment.

Replete with discussions of some of today's most influential policy ideas--from Medicare for All to a federal job guarantee to the Green New Deal--The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right--to ground America's next era in the country's progressive history and carve a path toward a more economically dynamic and equitable nation.

Mark Paul is an assistant professor of economics at the Bloustein School of Planning and Public Policy at Rutgers University.

Caleb Zakarin is the Assistant Editor of the New Books Network.

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power.

Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Democracy (Bloomsbury, 2023) by Claire Provost & Matt Kennard is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how resources are allocated, how territories are governed, and how justice is defined.

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.

The Opium Business: A History of Crime and Capitalism in Maritime China (Stanford UP, 2022) explores the opium trade — but not through the relatively well-trodden history of the ‘Opium Wars.’ Instead, in this wonderfully rich book Peter Thilly investigates the little known social history of the opium trade in coastal southern Fujian province. The Opium Business focuses on the relationship between the state and local businesses, charting how it changed as opium went from contraband to tax staple in the late nineteenth century, and then from tax staple to prohibited commodity in the early twentieth century. 

While this book is sure to interest anyone keen to learn more about modern Chinese history, the history of capitalism, and the history of global narcotics, this book should also be of interest to anyone looking to read about some truly fascinating individuals who made the 'opium business' happen. By uncovering the history of the tax farmers, roving gangs, smugglers, and 'opium kings' who moved, sold, and hid opium, Thilly's book reminds us that it was people — with competing motivations, complicated backgrounds, and networks of friends — who made the opium trade happen.

Sarah Bramao-Ramos is a PhD candidate in History and East Asian Languages at Harvard. She works on Manchu language books and is interested in anything with a kesike. She can be reached at [email protected].

In Breaks in the Air: The Birth of Rap Radio in New York City (Duke UP, 2022), John Klaess tells the story of rap's emergence on New York City's airwaves by examining how artists and broadcasters adapted hip hop's performance culture to radio. Initially, artists and DJs brought their live practice to radio by buying time on low-bandwidth community stations and building new communities around their shows. Later, stations owned by New York's African American elite, such as WBLS, reluctantly began airing rap even as they pursued a sound rooted in respectability, urban sophistication, and polish. At the same time, large commercial stations like WRKS programmed rap once it became clear that the music attracted a demographic that was valuable to advertisers. Moving between intimate portraits of single radio shows and broader examinations of the legal, financial, cultural, and political forces that indelibly shaped the sound of rap radio, Klaess shows how early rap radio provides a lens through which to better understand the development of rap music as well as the intertwined histories of sounds, institutions, communities, and legal formations that converged in the post-Civil Rights era.

John Klaess is an independent scholar based in Boston. John on Duke University Press.

Bradley Morgan is a media arts professional in Chicago and author of U2's The Joshua Tree: Planting Roots in Mythic America. He manages partnerships on behalf of CHIRP Radio 107.1 FM, serves as a co-chair of the associate board at the Gene Siskel Film Center of the School of the Art Institute of Chicago, and volunteers in the music archive at the Old Town School of Folk Music. Bradley Morgan on Twitter.

Contracting Freedom: Race, Empire, and U.S. Guestworker Programs (U Pennsylvania Press, 2022) explores the origins of twentieth-century U.S. guestworker programs from Mexico and the Caribbean. It investigates these government-sponsored programs as the unexplored consequence of the history of enslaved labor, Japanese American incarceration, the New Deal, the long civil rights movement, and Caribbean decolonization. Quintana shifts the focus on guestworker programs to the arena of political conflict, revealing how fierce debates over the bracero program and Caribbean contract labor programs extended and legitimated U.S. racial and imperial domination into the present era. Her work also unearths contract workers' emerging visions of social justice that challenged this reproduction of race and empire, giving freedom new meanings that must be contemplated

Dr. Quintana earned her Ph.D. at the University of Washington and taught at San Francisco State’s College of Ethnic Studies before joining the Department of History at California State University, Sacramento.

Michael G. Vann is a professor of world history at California State University, Sacramento. A specialist in imperialism and the Cold War in Southeast Asia, he is the author of The Great Hanoi Rat Hunt: Empires, Disease, and Modernity in French Colonial Vietnam (Oxford University Press, 2018). When he’s not reading or talking about new books with smart people, Mike can be found surfing in Santa Cruz, California.

Parking, quite literally, has a death grip on America: each year a handful of Americans are tragically killed by their fellow citizens over parking spots. But even when we don't resort to violence, we routinely do ridiculous things for parking, contorting our professional, social, and financial lives to get a spot. Indeed, in the century since the advent of the car, we have deformed--and in some cases demolished--our homes and our cities in a Sisyphean quest for cheap and convenient car storage. As a result, much of the nation's most valuable real estate is now devoted exclusively to empty and idle vehicles, even as so many Americans struggle to find affordable housing. Parking determines the design of new buildings and the fate of old ones, patterns of traffic and the viability of transit, neighborhood politics and municipal finance, the quality of public space, and even the course of floodwaters. Can this really be the best use of our finite resources and space? Why have we done this to the places we love? Is parking really more important than anything else?

These are the questions Slate staff writer Henry Grabar sets out to answer, telling a mesmerizing story about the strange and wonderful superorganism that is the modern American city. In Paved Paradise: How Parking Explains the World (Penguin, 2023), Grabar brilliantly surveys the pain points of the nation's parking crisis, from Los Angeles to Disney World to New York, stopping at every major American city in between. He reveals how the pathological compulsion for car storage has exacerbated some of our most acute problems--from housing affordability to the accelerating global climate disaster--ultimately, lighting the way for us to free our cities from parking's cruel yoke.

Brian Hamilton is a Ph.D. candidate at the University of Wisconsin–Madison where he is researching African American environmental history. A Maine native, he lives in Western Massachusetts and chairs the History and Social Science Department at Deerfield Academy.

How have platforms transforming the world of work? In Work and Alienation in the Platform Economy: Amazon and the Power of Organisation (Bristol UP, 2023), Sarrah Kassem, a Lecturer and Research Associate in the field of Political Economy at the Institute of Political Science at the University of Tübingen, uses a case study of Amazon to explore issues of alienation and resistance in contemporary working life. The book adapts and develops key Marxist inspired theories to chart the rise of the platforms, and Amazon’s role within this set of both digital and physical industries. Examining warehouses, MTurk, and the broader gig economy, the book offers strategies for resistance and solidarity as well as detailed analysis. It will be essential reading across the social sciences, as well as for anyone interested in work and labour today.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

When the COVID-19 pandemic led to a global economic "shutdown" in March 2020, our supply chains began to fail, and out-of-stocks and delivery delays became the new norm. Contrary to public perception, the pandemic strain did not break the current system of supply chains; it merely exposed weaknesses and fault lines that were decades in the making, and which were already acutely felt in deindustrialized cities and depopulated rural towns throughout the United States.

Reinventing the Supply Chain: A 21st-Century Covenant with America (Georgetown UP, 2023) explores the historical role of supply chains in the global economy, outlines where the system went wrong and what needs to be done to fix it, and demonstrates how a retooled supply chain can lead to the revitalization of American communities. Jack Buffington proposes a transformation of the global supply chain system into a community-based value chain, led by the communities themselves and driven by digital platforms for raising capital and blockchain technology.

Buffington proposes new solutions to problems that have been decades in the making. With clear analysis and profound insight, Buffington provides a clear roadmap to a more durable and efficient system.

Jack Buffington is an assistant professor of the practice in supply chain management in the marketing department at the Daniels College of Business.

Caleb Zakarin is the Assistant Editor of the New Books Network.