New Books in Economic and Business History

In Geography Is Destiny: Britain and the World--A 10,000-Year History (Farrar, Straus & Giroux, 2022), Ian Morris chronicles the eight-thousand-year history of Britain's relationship to Europe as it has changed in the context of a globalizing world. When Britain voted to leave the European Union in 2016, the 48 percent who wanted to stay and the 52 percent who wanted to go each accused the other of stupidity, fraud, and treason. 

In reality, the Brexit debate merely reran a script written eight thousand years earlier, when the rising seas physically separated the British Isles from the European continent. Ever since, geography has been destiny—yet it is humans who get to decide what that destiny means. Ian Morris, the critically acclaimed author of Why the West Rules—for Now, describes how technology and organization have steadily enlarged Britain's arena, and how its people have tried to turn this to their advantage. For the first seventy-five hundred years, the British were never more than bit players at the western edge of a European stage, struggling to find a role among bigger, richer, and more sophisticated continental rivals. By 1500 CE, however, new kinds of ships and governments had turned the European stage into an Atlantic one; with the English Channel now functioning as a barrier, England transformed the British Isles into a United Kingdom that created a worldwide empire. Since 1900, however, thanks to rapid globalization, Britain has been overshadowed by American, European, and—increasingly—Chinese actors. But in trying to find its place in a global economy, Britain has been looking in all the wrong places. The eight-thousand-year story bracingly chronicled by Geography Is Destiny shows that the great question for the coming century is not what to do about Brussels; it's what to do about Beijing.

Javier Mejia is a Postdoctoral Research Fellow at the Political Science Department at Stanford University.

In this episode, we discuss a book that will be appealing to a general audience and which helps to bridge the gap of the story of communication in the broad history of computer technology. In Cellular: An Economic and Business History of the International Mobile-Phone Industry (MIT Press, 2022), Daniel D. Garcia-Swartz and Martin Campbell-Kelly make a splendid job to portray the evolution of this industry from the times of Marconi all the way to 5G networks, while considering developments in places as diverse as China, Mexico, New Zealand and of course, Europe, Japan and the USA.  

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

In 1917, the Industrial Workers of the World was rapidly gaining strength and members. Within a decade, this radical union was effectively destroyed, the victim of the most remarkable campaign of legal repression and vigilantism in American history. Under the Iron Heel is the first comprehensive account of this campaign.

Founded in 1905, the IWW offered to the millions of workers aggrieved by industrial capitalism the promise of a better world. But its growth, coinciding with World War I and the Russian Revolution and driven by uncompromising militancy, was seen by powerful capitalists and government officials as an existential threat that had to be eliminated. In Under the Iron Heel: The Wobblies and the Capitalist War on Radical Workers (U California Press, 2022), Ahmed White documents the torrent of legal persecution and extralegal, sometimes lethal violence that shattered the IWW. In so doing, he reveals the remarkable courage of those who faced this campaign, lays bare the origins of the profoundly unequal and conflicted nation we know today, and uncovers disturbing truths about the law, political repression, and the limits of free speech and association in class society.

Ahmed White teaches labor and criminal law at the University of Colorado Boulder and is author of The Last Great Strike: Little Steel, the CIO, and the Struggle for Labor Rights in New Deal America.

Jackson Reinhardt is a graduate of University of Southern California and Vanderbilt University. He is currently an independent scholar, freelance writer, and research assistant. You can reach Jackson at [email protected] and follow him on Twitter @JTRhardt

Characterized by shared, self-managed access to food, housing, and basic conditions for a creative life, the commons are essential for communities to flourish and protect spaces of collective autonomy from capitalist encroachment. In a narrative spanning more than three centuries, Against the Commons: A Radical History of Urban Planning (University of Minnesota Press, 2022) provides a radical counter history of urban planning that explores how capitalism and spatial politics have evolved to address this challenge. Highlighting episodes from preindustrial England, New York City and Chicago between the 1850s and the early 1900s, Weimar-era Berlin, and neoliberal Milan, Álvaro Sevilla-Buitrago shows how capitalist urbanization has eroded the egalitarian, convivial life-worlds around the commons. 

In this episode, channel host Tayeba Batool talks with Dr. Álvaro Sevilla-Buitrago on the book's argument about the ways through which urbanization shapes the social fabric of places and territories. The conversation touches upon the impact of planning and design initiatives on working-class communities and popular strata, and the various, multiple, and incremental modes of dispossession that are implicated in struggles over land, shared resources, public space, neighborhoods, creativity, and spatial imaginaries. We hear from Dr. Sevilla-Buitrago about the possibilities and alternates to a post-capitalist urban planning, one in which the structure of collective spaces is ultimately defined by the people who inhabit them.

Dr. Álvaro Sevilla-Buitrago is an Associate Professor of Urban Planning at the School of Architecture, Universidad Politécnica de Madrid. Tayeba Batool is a PhD Candidate in Anthropology at the University of Pennsylvania.

Tayeba Batool is a PhD Candidate in the Department of Anthropology at the University of Pennsylvania.

The squatter—defined by Noah Webster as "one that settles on new land without a title"—had long been a fixture of America's frontier past. In the antebellum period, white squatters propelled the Jacksonian Democratic Party to dominance and the United States to the shores of the Pacific. In a bold reframing of the era's political history, John Suval explores how Squatter Democracy transformed the partisan landscape and the map of North America, hastening clashes that ultimately sundered the nation.

With one eye on Washington and the other on flashpoints across the West, Dangerous Ground: Squatters, Statesmen, and the Antebellum Rupture of American Democracy (Oxford UP, 2022) tracks squatters from the Mississippi Valley and cotton lands of Texas, to Oregon, Gold Rush-era California, and, finally, Bleeding Kansas. The sweeping narrative reveals how claiming western domains became stubbornly intertwined with partisan politics and fights over the extension of slavery. While previous generations of statesmen had maligned and sought to contain illegal settlers, Democrats celebrated squatters as pioneering yeomen and encouraged their land grabs through preemption laws, Indian removal, and hawkish diplomacy. As America expanded, the party's power grew. The US-Mexican War led many to ask whether these squatters were genuine yeomen or forerunners of slavery expansion. Some northern Democrats bolted to form the Free Soil Party, while southerners denounced any hindrance to slavery's spread. Faced with a fracturing party, Democratic leaders allowed territorial inhabitants to determine whether new lands would be slave or free, leading to a destabilizing transfer of authority from Congress to frontier settlers. Squatters thus morphed from agents of Manifest Destiny into foot soldiers in battles that ruptured the party and the country.

Deeply researched and vividly written, Dangerous Ground illuminates the overlooked role of squatters in the United States' growth into a continent-spanning juggernaut and in the onset of the Civil War, casting crucial light on the promises and vulnerabilities of American democracy.

John Suval holds a Ph.D. in U.S. History from the University of Wisconsin–Madison and is a former editor of the Papers of Andrew Jackson and Research Assistant Professor of History at the University of Tennessee, Knoxville. He lives in West Virginia. Website.

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

In 1910, the future of California wine looked dim. Beset by crises ranging from earthquakes to insect infestations, and with momentum moving toward prohibition, the nascent industry seemed dead on the vine. How then, a mere sixty years later, did a blind taste test from some of France's toughest sommeliers judge California wines superior to their French counterparts? In Crush: The Triumph of California Wine (University of Nevada Press, 2018), writer, lawyer, and University of California Berkeley Distinguished Fellow John Briscoe explains who rescued the California wineries and how they accomplished the task. This is a global story two hundred years in the making, full of fascinating stories and larger than life characters. As California wines face an uncertain, climate-changed, future, Briscoe argues we should look to the past to understand how the state's viticulture has weathered difficult storms in its long and fascinating history.

Dr. Stephen R. Hausmann is an assistant professor of history at the University of St. Thomas in Minnesota.

In 1776, Adam Smith published The Wealth of Nations, an investigation into the nature of wealth. Smith is now considered the Father of Capitalism or the Father of Modern Economics. In fact, many people think of him as an economist and only an economist, but scholars tend to think of him as a moral philosopher. Smith lived in an era of great change, and the moral questions of the time were closely linked to developing politics and economies. Glory Liu is a College Fellow in Social Studies at Harvard University. She is currently working on an intellectual history of Adam Smith’s reception in American politics and political economy from the eighteenth century to the present. See more information on our website, WritLarge.fm. Follow us on Twitter @WritLargePod.

In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism: How Global Elites Exploit Frontier Markets (Princeton UP, 2022) takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.

Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.

Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.

In this podcast Jakob Feinig introduces his ideas about how and when people's practices and institutions shape money and money creation. He provided deep insight into historical episodes to support his view. Towards the end, he comments on the challenges of digital currencies. Feinig is the author of Moral Economies of Money: Politics and the Monetary Constitution of Society (Stanford UP, 2022).

Ideas discussed in the podcast that you might want to pursue further or clarify:  Chartalism and Modern Monetary Theory. Here are some thinkers who explore similar ideas: Rohan Grey, Geoffrey Ingham, Lana Swartz, E. P. Thompson and Viviana Zelizer.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo.

From the late nineteenth through most of the twentieth century, the evangelical Protestant Grenfell Mission in Newfoundland and Labrador, Canada, created a network of hospitals, schools, orphanages, stores, and industries with the goal of bringing health and organized society to settler fisherfolk and Indigenous populations. This infrastructure also served to support resource extraction of fisheries off Labrador's coast. 

In Slow Disturbance: Infrastructural Mediation on the Settler Colonial Resource Frontier (Duke UP, 2021), Rafico Ruiz engages with the Grenfell Mission to theorize how settler colonialism establishes itself through what he calls infrastructural mediation—the ways in which colonial lifeworlds, subjectivities, and affects come into being through the creation and maintenance of infrastructures. Drawing on archival documents, maps, interviews with municipal officials, teachers, and residents, as well as his field photography, Ruiz shows how the mission's infrastructural mediation—from its attempts to restructure the local economy to the aerial surveying and mapping of the coastline—responded to the colony's environmental conditions in ways that expanded the bounds of the settler frontier. By tracing the mission's history and the mechanisms that enabled its functioning, Ruiz complicates understandings of mediation and infrastructure while expanding current debates surrounding settler colonialism and extractive capitalism.

Rafico Ruiz is the Associate Director of Research at the Canadian Centre for Architecture. He holds an ad personam PhD in the History and Theory of Architecture and Communication Studies from McGill University. He is the author of Slow Disturbance: Infrastructural Mediation on the Settler Colonial Resource Frontier and the co-editor with Melody Jue of Saturation: An Elemental Politics.

Padmapriya Vidhya-Govindarajan is a doctoral candidate at the Department of Media, Culture and Communication at NYU Steinhardt. Her research interests lie at the intersection of environmental justice, digital and film cultures, and community media-use practices.