New Books in Economic and Business History

Today I talked to Carl Rhodes about his book Woke Capitalism: How Corporate Morality is Sabotaging Democracy (Policy Press, 2021).

When Milton Friedman published Capitalism and Freedom in 1962, whose freedom was he referring to? When you know the answer is corporations, you can begin to understand both what neoliberalism was all about and why today Woke Capitalism may not be so much a harbinger of socialism as it is a way to distract the conversation from real economic reforms. That’s indeed the take of Carl Rhodes, whose book explores the plutocracy that America and otherwise democratic countries are at risk of becoming if they haven’t gotten there already. Abraham Lincoln’s Gettysburg Address famously included the pledge that government “of the people, by the people, and for the people” shall not perish. Rhodes is warning, in effect, that the world of George Orwell’s Animal Farm in which some pigs are more equal than others may be now dangerously closer to the truth.

Carl Rhodes is Professor of Organization Studies at the University of Technology Sydney. There he researches the ethical and democratic dimensions of business and work. Carl regularly writes for the mainstream and independent press alike on issues related to ethics, policy, and the economy.

Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com.

Utopian Genderscapes: Rhetorics of Women's Work in the Early Industrial Age (Southern Illinois UP, 2021) focuses on three prominent yet understudied intentional communities—Brook Farm, Harmony Society, and the Oneida Community—who in response to industrialization experimented with radical social reform in the antebellum United States. Foremost among the avenues of reform was the place and substance of women’s work. Author Michelle C. Smith seeks in the communities’ rhetorics of teleology, choice, and exceptionalism the lived consequences of the communities' lofty goals for women members.

This feminist history captures the utopian reconfiguration of women’s bodies, spaces, objects, and discourses and delivers a needed intervention into how rhetorical gendering interacts with other race and class identities. The attention to each community’s material practices reveals a gendered ecology, which in many ways squared unevenly with utopian claims. Nevertheless, this volume argues that this utopian moment inaugurated many of the norms and practices of labor that continue to structure women’s lives and opportunities today: the rise of the factory, the shift of labor from home spaces to workplaces, the invention of housework, the role of birth control and childcare, the question of wages, and the feminization of particular kinds of labor.

An impressive and diverse array of archival and material research grounds each chapter’s examination of women’s professional, domestic, or reproductive labor in a particular community. Fleeting though they may seem, the practices and lives of those intentional women, Smith argues, pattern contemporary divisions of work along the vibrant and contentious lines of gender, race, and class and stage the continued search for what is possible.

Jeannette Cockroft is an associate professor of history and political science at Schreiner University.

Economic sanctions dominate the landscape of world politics today. First developed in the early twentieth century as a way of exploiting the flows of globalization to defend liberal internationalism, their appeal is that they function as an alternative to war. This view, however, ignores the dark paradox at their core: designed to prevent war, economic sanctions are modeled on devastating techniques of warfare.

Tracing the use of economic sanctions from the blockades of World War I to the policing of colonial empires and the interwar confrontation with fascism, Nicholas Mulder uses extensive archival research in a political, economic, legal, and military history that reveals how a coercive wartime tool was adopted as an instrument of peacekeeping by the League of Nations. The Economic Weapon: The Rise of Sanctions as a Tool of Modern War (Yale University Press, 2022) casts an overdue light on why sanctions are widely considered a form of war, and why their unintended consequences are so tremendous.

Mathias Fuelling is a doctoral candidate in History at Temple University, working on a political history of Czechoslovakia in the immediate post-WWII years. He can be found on Twitter at https://twitter.com/bucephalus424

The Political Economy of Collective Action, Inequality, and Development (Stanford UP, 2020) examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.

Marshall Poe is the founder and editor of the New Books Network. He can be reached at [email protected].

In her recent book on the Jewish community of Modena in Italy, Federica Francesconi tells a tale of contradictions. Segregated to the city’s ghetto in the 17th century, the Jewish merchants of the city nonetheless possessed an enormous presence in its economic, governmental and cultural milieu. By the start of the 19th century, these merchants even took center stage in Modena’s political scene following Napoleon’s conquest of Italy and the subsequent abolition of the ghettos themselves. How did this transformation occur? In what ways had life in the Modena – and in the Modenese ghetto – prepared these Jewish merchants to perform such leadership roles and to advocate fluently for the values of the French Enlightenment? To answer these questions, Francesconi tracks the development of the Modenese Jewish community since the arrival of her protagonists in the city in the middle of the 16th century, describing the techniques that merchant family members employed to stay abreast of – and innovate on – Modenese, Italian and European intellectual trends. The reader is not only privy to the economic activities of these figures, but also sees how they acted – for centuries – as cultural intermediaries for the rulers of the Este Duchy, who sought their advice on purchases of art, books and pieces of material culture. The book thus features Jews that do not fit neatly on the dichotomy between assimilation/conversion and communal isolation, but instead embodied aspects of both the ghetto society they dominated and the broader city setting with which they continually engaged.

As the narrative progresses, the archival material that Francesconi has uncovered also gives readers glimpses into the rich social life of an Early Modern Jewish community in the midst of gradual change. The merchants’ personal worship sites became synagogues for the whole ghetto. Their personal libraries – stocked with Kabbalistic masterpieces – were the sites of communal activity. Excluded from official leadership, Modenese Jewish women nonetheless found avenues to participate in shaping their own religious practices and the moral priorities of the community at large. Itself a series of cordoned off houses and living spaces, the ghetto was both “domestic” and a venue that fostered a nascent “civil society”; a “laboratory” that gave the Jewish merchants of Modena their first experiences with governmental practices. 

At once an intellectual, socio-economic, religious and cultural history, Invisible Enlighteners: The Jewish Merchants of Modena, from the Renaissance to the Emancipation (U Pennsylvania Press, 2021) is not only a microhistory of Jewish life over the course of three centuries. It is, moreover, a model for understanding how Jews navigated, interpreted and even co-opted the policies of state institutions that emerged for the first time in the Early Modern period.

James Benjamin Nadel is a Ph.D. student in the Department of History at Columbia University.

Big money NCAA basketball had its origins in a many-sided conflict of visions and agendas. On one side stood large schools focused on a commercialized game that privileged wins and profits. Opposing them was a tenuous alliance of liberal arts colleges, historically black colleges, and regional state universities, and the competing interests of the NAIA, each with distinct interests of their own.

Kurt Edward Kemper tells the dramatic story of the clashes that shook college basketball at mid-century--and how the repercussions continue to influence college sports to the present day. Taking readers inside the competing factions, he details why historically black colleges and regional schools came to embrace commercialization. As he shows, the NCAA's strategy of co-opting its opponents gave each group just enough just enough to play along--while the victory of the big-time athletics model handed the organization the power to seize control of college sports.

An innovative history of an overlooked era, Before March Madness: The Wars for the Soul of College Basketball (U Illinois Press, 2020) looks at how promises, power, and money laid the groundwork for an American sports institution.

Kelly McFall is Professor of History and Director of the Honors Program at Newman University.

In Cogs and Monsters: What Economics Is, and What It Should Be (Princeton UP, 2021), Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world’s crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are “cogs”—self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by “monsters”—untethered, snowballing, and socially influenced unknowns. Coyle argues that economic policy is fundamentally normative, as any policy decision will imply political trade-offs. She argues for a more diverse methodological and conceptually inform analysis while reflecting on broader issues of today such as ethics and the challenges of the digital economy.

This book has been recognized as the Financial Times Best Economics Book of the Year 2021 and a CapX Book of the Year, 2021.

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 mussings. Not always in that order. @BatizLazo

It’s time for The Blues! In Bitten by the Blues: The Alligator Records Story (University of Chicago Press, 2018), Alligator Records president and founder Bruce Iglauer and his co-author, Patrick Roberts of Northern Illinois University, tell the tale of fifty years of Chicago Blues. From Delta-born guitar expressionists like Hound Dog Taylor to modern vocalists like Shemekia Copeland, from the South Side to the Norway fjords, Alligator Records has seen it all.

David Hamilton Golland is professor of history and immediate past president of the faculty senate at Governors State University in Chicago's southland. @DHGolland.

On this episode I spoke to Dr. Susie Porter, Professor in History and in Gender Studies at the University of Utah. She is the author Working Women in Mexico City: Public Discourses and Material Conditions, 1879-1931 published in 2003, and in today's podcast we will be talking about her more recent book From Angel to Office Worker: Middle-Class Identity and Female Consciousness in Mexico, 1890–1950, which is part of The Mexican Experience Series of the University of Nebraska Press.

In late nineteenth-century Mexico a woman’s presence in the home was a marker of middle-class identity. However, as economic conditions declined during the Mexican Revolution and jobs traditionally held by women disappeared, a growing number of women began to look for work outside the domestic sphere. As these “angels of the home” began to take office jobs, middle-class identity became more porous.

To understand how office workers shaped middle-class identities in Mexico, From Angel to Office Worker examines the material conditions of women’s work and analyzes how women themselves reconfigured public debates over their employment. At the heart of the women’s movement was a labor movement led by secretaries and office workers whose demands included respect for seniority, equal pay for equal work, and resources to support working mothers, both married and unmarried. Office workers also developed a critique of gender inequality and sexual exploitation both within and outside the workplace. From Angel to Office Worker is a major contribution to modern Mexican history as historians begin to ask new questions about the relationships between labor, politics, and the cultural and public spheres.

Your host, Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. Editor New Books Network en español. Edita CEO.

One of the world's largest sellers of footwear, the Bata Company of Zlín, Moravia has a remarkable history that touches on crucial aspects of what made the world modern. In the twilight of the Habsburg Empire, the company Americanized its production model while also trying to Americanize its workforce. It promised a technocratic form of governance in the chaos of postwar Czechoslovakia, and during the Roaring Twenties, it became synonymous with rationalization across Europe and thus a flashpoint for a continent-wide debate. While other companies contracted in response to the Great Depression, Bata did the opposite, becoming the first shoe company to unlock the potential of globalization.

As Bata expanded worldwide, it became an example of corporate national indifference, where company personnel were trained to be able to slip into and out of national identifications with ease. Such indifference, however, was seriously challenged by the geopolitical crisis of the 1930s, and by the cusp of the Second World War, Bata management had turned nationalist, even fascist.

Zachary Austin Doleshal's book In the Kingdom of Shoes: Bata, Zlín, Globalization, 1894-1945 (U Toronto Press, 2021) unravels the way the Bata project swept away tradition and enmeshed the lives of thousands of people around the world in the industrial production of shoes. Using a rich array of archival materials from two continents, the book answers how Bata's rise to the world's largest producer of shoes challenged the nation-state, democracy, and Americanization.

Leslie Waters is a historian of modern Central and Eastern Europe and assistant professor at The University of Texas at El Paso.