New Books in Economic and Business History

Since the Reagan era, conservatives in the United States have championed cutting taxes, especially for wealthy individuals and corporations, as the best way to achieve economic prosperity. In his new book, Pay Up!: Conservative Myths about Tax Cuts for the Rich (Cambridge UP, 2025) John L. Campbell shows that while these claims are highly influential, they are also wrong. Using historical and cross-national evidence, the book challenges and refutes every justification conservatives have made for tax cuts - that American taxes are too high; they hurt the economy; they facilitate government waste; they constitute an unfair downward redistribution of income; and they threaten individual freedom - and conversely shows that countries can actually benefit from higher taxes, especially when tax increases fall most heavily on those most able to pay them. Through clear prose and a well-reasoned argument, Campbell's book provides an accessible, engaging, and much-needed perspective on the role of taxes in American society. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the bustling ports of Lisbon to the coastal inlets of the Bight of Benin to the vibrant waterways of Bahia, Black mariners were integral to every space of the commercial South Atlantic. Navigating this kaleidoscopic world required a remarkable cosmopolitanism--the chameleonlike ability to adapt to new surroundings by developing sophisticated medicinal, linguistic, and navigational knowledge. In Captive Cosmopolitans: Black Mariners and the World of South Atlantic Slavery (Omohundro Institute and UNC Press, 2025) Mary E. Hicks shows how Portuguese slaving ship captains harnessed and exploited this hybridity to expand their own traffic in human bondage. At the same time, she reveals how enslaved and free Black mariners capitalized on their shipboard positions and cosmopolitan expertise to participate in small-scale commodity trading on the very coasts where they themselves had been traded as commodities, reshaping societies and cultures on both sides of the Atlantic. Indeed, as Hicks argues, the Bahian slave trade was ruthlessly effective because its uniquely decentralized structure so effectively incorporated the desires and financial strategies of the very people enslaved by it. Yet taking advantage of such fraught economic opportunities ultimately enabled many enslaved Black mariners to purchase their freedom. And, in some cases, they became independent transatlantic slave traders themselves.Hicks thus explores the central paradox that defined the lives of the captive cosmopolitans and, in doing so, reveals a new history of South Atlantic slavery centered on subaltern commercial and cultural exchange. Learn more about your ad choices. Visit megaphone.fm/adchoices

Extraction: The Frontiers of Green Capitalism (W.W. Norton, 2025) is an in-depth analysis into the growing industry of green technologies and the environmental, social, and political consequences of the mining it requires. In the fight against climate change, lithium's role in reducing emissions by powering green economies is a mixed blessing. Drawing on groundbreaking fieldwork in Chile, Nevada, and Portugal, Riofrancos explores the environmental and social costs of the global race to expand lithium mining amid supply chain concerns. With haunting descriptions of vulnerable ecosystems, she examines how mining harms landscapes, provokes protest, takes center stage in national politics, and links countries on the peripheries of the world economy to huge corporations, commodity markets, and powerful investors. Riofrancos traces the history of global extraction from colonial conquest, to the 1970s energy crisis, to the still uncertain green future. While an unregulated mining boom could inflict irreversible harm, Riofrancos offers compelling ideas about how to harmonize climate action with social justice. Across the world’s extractive frontiers, we encounter the most brutal aspects of capitalism—but also witness inspiring visions for our planetary future. Thea Riofrancos is an Associate Professor of Political Science at Providence College and the Strategic Co-Director of the Climate Community Institute Alec Fiorini is a PhD student at Queen Mary University London's Centre for Labour, Sustainability and Global Production (CLaSP) Learn more about your ad choices. Visit megaphone.fm/adchoices

In the years after World War II, as women were being pushed from wartime jobs for returning soldiers, government and business leaders—and women themselves—saw small business ownership as a viable economic solution. In just five years, US women owned nearly a million of the nation’s businesses. In the decades since, women have moved increasingly into business ownership, often outpacing male start-ups so that today, they own more than fourteen million businesses, 40 percent of all US companies. She's the Boss: The Rise of Women’s Entrepreneurship since World War II (Rutgers UP, 2025) by Dr. Debra Michals chronicles the forces that made entrepreneurship attractive to women. In rich detail, Dr. Michals shares the stories of the countless women of all races, ethnicities, genders, and abilities who contributed to this important history. The book also explores the intersection of women’s personal choices within changing social, political, and economic factors, such as the rising divorce rates of the 1960s and 1970s, ongoing workplace and credit discrimination, civil and women’s rights activism and activist entrepreneurs, the 1970s recession and 1980s “Reagan Revolution,” and more recently, the internet, crowd-funding, and social entrepreneurship. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Business of Transition: Jewish and Greek Merchants of Salonica from Ottoman to Greek Rule (Stanford UP, 2024) examines how the cosmopolitan bourgeoisie of the Eastern Mediterranean navigated the transition from empire to nation-state in the early twentieth century. In this social and cultural history, Paris Papamichos Chronakis shows how the Jewish and Greek merchants of Salonica (present-day Thessaloniki) skillfully managed the tumultuous shift from Ottoman to Greek rule amidst revolution and war, rising ethnic tensions, and heightened class conflict. Bringing their once powerful voices back into the historical narrative, he traces their entangled trajectories as businessmen, community members, and civic leaders to illustrate how the self-reinvention of a Jewish-led bourgeoisie made a city Greek. Papamichos Chronakis draws on previously untapped local archival material to weave a rich narrative of individual portraits, introducing us to revered philanthropists and committed patriots as well as vilified profiteers and victimized Salonicans. Offering a kaleidoscopic view of a city in transition, this book reveals how the collapse of empire shook all the constitutive elements of Jewish and Greek identities, and how Jews and Greeks reinvented themselves amidst these larger political and economic disruptions. 2024: National Jewish Book Awards Winner of the 2024 National Jewish Book Awards - JDC-Herbert Katzki Award (Writing Based on Archival Material), sponsored by the Jewish Book Council. Roberto Mazza is currently a visiting scholar at the Buffett Institute for Global Affairs at Northwestern University. He is the host of the Jerusalem Unplugged Podcast and to discuss and propose a book for interview can be reached at by email. Blusky and IG: @robbyref Learn more about your ad choices. Visit megaphone.fm/adchoices

“The acme of skill,” Sun Tzu wrote in The Art of War, is not “to win one hundred victories in one hundred battles,” but “to subdue the enemy without fighting.” The author of Chokepoints: American Power in the Age of Economic Warfare (Portfolio, 2025) has devoted much of his career to exploring how economic power can advance this goal. He served on the teams at the U.S. State Department that designed and negotiated Western sanctions against Russia after its 2014 annexation of Crimea, and whose economic pressure campaign against Iran led to a landmark nuclear deal in 2015. Economic warfare is how America fights its most important geopolitical battles today. From thwarting Iran’s pursuit of nuclear weapons to checking Russian imperialism and China’s bid for world mastery, the United States has reached into its economic arsenal to get the job done. In the process, the world economy has become a battlefield. Its weapons take the form of sanctions, export controls, and investment restrictions. Its commanders are not generals and admirals but lawyers, diplomats, and economists. Its foot soldiers are not brave men and women who volunteer for military service but business executives who seek to maximize profits yet often find they have no option other than to obey Washington’s marching orders. And America’s strength in these battles stems not from its gargantuan defense budget but from its primacy in international finance and technology. This book is about this kind of war. It blends research, analysis, and extensive interviews with more than one hundred of the key players in the events described, highlighting inflection points, interpreting their significance, and pulling back the curtain on the places where economic wars have been fought. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades coal has been crucial to America's culture, society, and environment, an essential ingredient in driving out winter's cold, cooking meals, and lighting the dark. In the coalfields and beyond, in Black Gold: The Rise, Reign, and Fall of American Coal (University of California Press, 2025) Bob Wyss describes how this magical elixir sparked the Industrial Revolution, powered railroads, and built urban skylines, while providing home comforts for families. Coal's history and heritage are fundamental to understanding its legacy of threats to America's well-being. As industry developed so did clashes between powerful tycoons, coal miners, and innocent families. Exploitation and avarice led to victimization, deadly violence, and ultimately the American labor movement. More recently coal has endangered American lives and safety, brought on by two centuries of carbon combustion, and here the threat remains unresolved. This is coal's most enduring legacy, and Black Gold is pivotal in helping us understand how we got to this point. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging discussion, Karen Robert, a Professor of Latin American and world history, delves into the harrowing experiences of twenty-four Ford autoworkers in Argentina who faced torture for their union activism. She highlights the transformation of the Ford Falcon from a beloved family car to a symbol of state terror during the military dictatorship. Robert also unpacks the connections between labor repression, corporate complicity, and the courageous pursuit of justice by victims, providing a compelling look at Argentina's complex history.

Dr. J Calvin Schermerhorn is a professor of history in the School of Historical, Philosophical, and Religious Studies at Arizona State University. His books include The Business of Slavery and the Rise of American Capitalism, 1815–1860, and Unrequited Toil: A History of United States Slavery. He lives in Tempe, AZ. The long history of the racial wealth gap in America told through the stories of seven Black families who struggled to build wealth over multiple generationsWealth is central to the American pursuit of happiness and is an overriding measure of well-being. Yet wealth is conspicuously absent from African American households. Why do some 3.5 million Black American families have zero or negative wealth?In The Plunder of Black America: How the Racial Wealth Gap Was Made (Yale UP, 2025) historian Calvin Schermerhorn traces four hundred years of Black dispossession and decapitalization—what Frederick Douglass called plunder—through the stories of families who have strived to earn and keep the fruits of their toils. Their struggles reveal that the ever-evolving strategies to strip Black income and wealth have been critical to sustaining a structure of racialized disadvantage. These accounts also tell of the quiet heroism of those who worked to overcome obstacles and defy the plunder.From the story of Anthony and Mary Johnson, abducted from Angola and brought to Virginia in 1619, to the enslaved Black workers dispossessed by the Custis-Washington family, to Venture Smith (born Broteer Furro), who purchased his freedom, to three generations of a family enslaved in the South who moved north after Emancipation, to the Tulsa massacre and the subprime lending crisis, Schermerhorn shows that we cannot reckon with today’s racial wealth inequality without understanding its unrelenting role in American history. Learn more about your ad choices. Visit megaphone.fm/adchoices

How many female entrepreneurs, economic revolutionaries, merchants, and industrialists can you name? You would be forgiven for thinking that, until very recently, there were none at all. But what about Phryne, the richest woman in ancient Athens, who offered to pay to rebuild the walls of Thebes after the city was razed by Alexander the Great? Or what about Priscilla Wakefield, the writer who set up the first English bank for women and children? And, just as important, what about the everyday women who, paid only a pittance, labored for the profit of others? From the most successful women of their day to those who struggled to make ends meet, Economica: A Global History of Women, Wealth, and Power (Seal Press, 2025) by Dr. Victoria Bateman takes you on a journey that begins in the Stone Age and ends in the twenty-first century, spanning the world’s historic centers of prosperity: Egypt, Mesopotamia, Peru, the Indus Valley, the Roman Empire, the Islamic Empire, China, Europe, and the United States. By shining a light on the women whose contributions to the economy have been hidden for far too long, Economica is more than a history of women—it is a more accurate economic history of us all. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices