New Books in Economic and Business History

In 1918, South Africa’s climate seemed to be drying up. White farmers claimed that rainfall was dwindling, while nineteenth-century missionaries and explorers had found riverbeds, seashells, and other evidence of a verdant past deep in the Kalahari Desert. Government experts insisted, however, that the rains weren’t disappearing; the land, long susceptible to periodic drought, had been further degraded by settler farmers’ agricultural practices—an explanation that white South Africans rejected. So when the geologist Ernest Schwarz blamed the land itself, the farmers listened. Schwarz held that erosion and topography had created arid conditions, that rainfall was declining, and that agriculture was not to blame. As a solution, he proposed diverting two rivers to the Kalahari’s basins, creating a lush country where white South Africans could thrive. This plan, which became known as the Kalahari Thirstland Redemption Scheme, was rejected by most scientists. But it found support among white South Africans who worried that struggling farmers undermined an image of racial superiority.

Green Lands for White Men: Desert Dystopias and the Environmental Origins of Apartheid (University of Chicago Press, 2024) by Dr. Meredith McKittrick explores how white agriculturalists in southern Africa grappled with a parched and changing terrain as they sought to consolidate control over a Black population. Dr. McKittrick’s timely history of the Redemption Scheme reveals the environment to have been central to South African understandings of race. While Schwarz’s plan was never implemented, it enjoyed sufficient support to prompt government research into its feasibility, and years of debate. McKittrick shows how white farmers rallied around a plan that represented their interests over those of the South African state and delves into the reasons behind this schism between expert opinion and public perception. This backlash against the predominant scientific view, Dr. McKittrick argues, displayed the depth of popular mistrust in an expanding scientific elite.

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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Shortly after the ratification of the US Constitution in 1789, twenty-two-year-old Andrew Jackson pledged his allegiance to the king of Spain. Prior to the Louisiana Purchase, imperial control of the North American continent remained an open question. Spain controlled the Mississippi River, closing it to American trade in 1784, and western men on the make like Jackson had to navigate the overlapping economic and political forces at work with ruthless pragmatism.

In Empire of Commerce: The Closing of the Mississippi and the Opening of Atlantic Trade (University of Virginia Press, 2024), Dr. Susan Gaunt Stearns takes readers back to a time when there was nothing inevitable about the United States’ untrammeled westward expansion. Her work demonstrates the centrality of trade on and along the Mississippi River to the complex development of the political and economic structures that shaped the nascent American republic. Dr. Stearns’s perspective-shifting book reconfigures our understanding of key postrevolutionary moments—the writing of the Constitution, the outbreak of the Whiskey Rebellion, and the Louisiana Purchase—and demonstrates how the transatlantic cotton trade finally set the stage for transforming an imagined west into something real.

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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Peoples & Things host, Lee Vinsel, talks to Benjamin Shestakofsky about his book, Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality (U California Press, 2024). Shestakofsky is Assistant Professor of Sociology at the University of Pennsylvania, where he is affiliated with AI at Wharton and the Center on Digital Culture and Society. His research centers on how digital technologies are affecting work and employment, organizations, and economic exchange.

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Today I’m speaking with Jeffrey Pilcher, Professor of Food History at the University of Toronto. We are discussing his new book, Hopped Up: How Travel, Trade, and Taste Made Beer a Global Commodity (Oxford University Press, 2024). While beer, or even alcohol for that matter, is not consumed in many parts of the world, its near universality is still astonishing. Even in the Middle East, where alcohol is largely forbidden, non-alcoholic beer sells well. Perhaps most surprising is that in nearly every place where beer is consumed (with the exception of Ireland’s Guinness) the pale lager dominates in popularity. This wasn’t always the case, and the story of how this came to be is a textbook example of the standardization driven by the forces of globalization. Examined as a commodity, beer offers as important a window into understanding the development of our modern world as does oil or McDonalds. Analyzed as a cultural artifact, beer tells us something about how people identify, what groups they belong to, and what livelihoods they pursue. Hopped Up is an excellent history that will appeal to historians and beer-drinkers of all stripes— whether you prefer Guinness, Sapporo, Bud Light, or non-alcoholic beer.

Caleb Zakarin is editor of the New Books Network.

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How does the music industry actually work? In Corporate Life in the Digital Music Industry: Remaking the Major Record Label from the Inside Out Toby Bennett, a Senior Lecturer in Media, Culture & Organisation in the School of Media and Communications at the University of Westminster offers a deep ethnography of everyday life in a contemporary record company. The book examines the challenges facing music, both businesses and artists, as digital transforms every element of the industry. Offering a detailed theoretical framework for understanding these changes, as well as rich details on the ordinary organisational practices that keep the music industry running, the book will be essential reading across humanities, social sciences, and for anyone interested in music and culture industries.

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

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In the decades before the First World War, the owners of the nation’s stately homes revelled in a golden age of glory and glamour. Nothing lay beyond their reach in a world where privilege and hedonism went hand-in-hand with duty and honour.

This was a time when the ancestral seats of ancient nobility stood side-by-side with the fabulous palaces of Jewish bankers and Indian princes, when dukes and duchesses mixed with aristocratic society hostesses who had learned to dance in the chorus line and self-made millionaires who had been raised in the slums of Manchester and Birmingham.

The Power and the Glory: the Country House Before the Great War (Basic Books, 2024) Dr. Adrian Tinniswood explores the country house during this golden age, when Britain ruled over a quarter of the world’s population, when its stately homes were at their most opulent and when, for the privileged few, life in the country house was the best life of all.

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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Few subjects in European welfare history attract as much attention as the nineteenth-century English and Welsh New Poor Law. Its founding statute was considered the single most important piece of social legislation ever enacted, and at the same time, the coming of its institutions - from penny-pinching Boards of Guardians to the dreaded workhouse - has generally been viewed as a catastrophe for ordinary working people.

Until now it has been impossible to know how the poor themselves felt about the New Poor Law and its measures, how they negotiated its terms, and how their interactions with the local and national state shifted and changed across the nineteenth century. In Their Own Write: Contesting the New Poor Law, 1834–1900 (McGill-Queen's University Press, 2022) exposes this hidden history. Based on an unparalleled collection of first-hand testimony - pauper letters and witness statements interwoven with letters to newspapers and correspondence from poor law officials and advocates - the book reveals lives marked by hardship, deprivation, bureaucratic intransigence, parsimonious officialdom, and sometimes institutional cruelty, while also challenging the dominant view that the poor were powerless and lacked agency in these interactions. The testimonies collected in these pages clearly demonstrate that both the poor and their advocates were adept at navigating the new bureaucracy, holding local and national officials to account, and influencing the outcomes of relief negotiations for themselves and their communities.

Fascinating and compelling, the stories presented in In Their Own Write amount to nothing less than a new history of welfare from below.

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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Casting an eye toward the frantic vertical urbanization of Toronto, Condoland: The Planning, Design, and Development of Toronto’s CityPlace (UBC, 2023) traces the forty-year history of the city’s largest residential megaproject. James T. White and John Punter summarize the tools used to shape Toronto’s built environment and critically explore the underlying political economy of planning and real estate development in the city.

Using detailed field studies, interviews with key actors, archival research, and with nearly two hundred illustrations, White and Punter reveal how a promise to reproduce Vancouverism, a celebrated model of Canadian urban development, unravelled under an alarmingly flexible approach to planning and design that is acquiescent to the demands of a rapacious development industry. Through a uniquely design-focused evaluation of a phenomenon increasingly known as “condo-ism,” Condoland raises key questions about the sustainability and long-term resilience of city planning.

James T. White is a professor of planning and urban design at the University of Glasgow, Scotland, and deputy director of the UK Collaborative Centre for Housing Evidence. His published work focuses on how the design of the built environment is shaped by policy, regulation, and the market in both UK and Canadian contexts.

This interview was conducted by Timi Koyejo, a graduate student in urban studies at the University of Vienna. He has worked professionally as a researcher at the University of Chicago and as an urban policy advisor to the City of Chicago.

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The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers.

Describing a China he found fascinating and maddeningly complex, this book explores topics including:

Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China’s unique political economy and development trajectory.

Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB’s joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego’s 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley.

Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars.

For more of Ken’s insights, follow his substack.

Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China’s Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy.

Lorentzen’s other NBN interviews relating to China’s tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba’s business model and organizational culture, Surveillance State, on China’s digital surveillance, Prototype Nation, on the culture and politics of China’s innovation economy.

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How Government Built America (Cambridge UP, 2024) challenges growing, anti-government rhetoric by highlighting the role government has played in partnering with markets to build the United States. Sidney A. Shapiro and Joseph P. Tomain explore how markets can harm and fail the country, and how the government has addressed these extremes by restoring essential values to benefit all citizens. Without denying that individualism and small government are part of the national DNA, the authors demonstrate how democracy and a people pursuing communal interests are equally important. In highly engaging prose, the authors describe how the government, despite the complexity of markets, remains engaged in promoting economic prosperity, protecting people, and providing an economic safety net. Each chapter focuses on a historical figure, from Lincoln to FDR to Trump, to illustrate how the government-market mix has evolved over time. By understanding this history, readers can turn the national conversation back to what combination of government and markets will best serve the country.

Sidney A. Shapiro holds the Fletcher Chair in Administrative Law at the Wake Forest University School of Law. He is the author of Administrative Competence: Reimagining Administrative Law (2020) and Achieving Democracy: The Future of Progressive Regulation (2014).

Joseph P. Tomain is Dean Emeritus and the Wilbert and Helen Ziegler Professor of Law at the University of Cincinnati. A highly respected professor and scholar, his teaching and research interests focus in the areas of energy law, land use, regulatory policy, and contracts.

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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