New Books in Economic and Business History

Jumping Through Hoops: Performing Gender in the 19th Century Circus, by Betsy Golden Kellem, reveals the hidden history of early female circus performers: boundary-breaking women like Lavinia Warren, known as the Queen of Beauty; to Millie-Christine McKoy, the Two-Headed Nightingale; to Patty Astley, the mother of the modern circus. These astounding female and gender-nonconforming artists wrestled snakes, performed magic tricks with electricity, and walked across waterfalls on tightropes, shattering taboos by performing in public. Betsy deftly explores how major forces in the long nineteenth century combined to create the uniquely American spectacle of the traveling circus. During the transformation of the circus from scrappy “mud shows” to a major international business, these extraordinary women challenged contemporary ideas of femininity, creating new possibilities for women far beyond the big top. Our guest is: Betsy Golden Kellem, who is a scholar of the unusual. She has served on the boards of the Barnum Museum and the Circus Historical Society, is the Emmy-winning host and writer of the Showman’s Shorts video series on P.T. Barnum, and writes for JSTOR Daily. An expert media and intellectual property attorney, she has taught at Yale and the University of Connecticut, and regularly speaks on the weirder corners of history and law. Our host is: Dr. Christina Gessler, who is a dissertation and writing coach, and a developmental editor for scholars in the humanities. She is the producer of the Academic Life podcast. Women’s History playlist for listeners: The World She Edited Witchcraft: A History in 13 Trials We Refuse Tomboy Dear Miss Perkins The Lost Journals of Sacajewea The Untold Life of Julia Chinn Smithsonian American Women Share And Share Alike The House on Henry Street Speaking While Female Sophonisba Breckinridge Remembering Lucille Never Caught Welcome to Academic Life, the podcast for your academic journey—and beyond! You can support the show by downloading and sharing episodes. Join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 275+ Academic Life episodes? Find them here. And thank you for listening! Learn more about your ad choices. Visit megaphone.fm/adchoices

Cecil John Rhodes became one of the most influential people in the history of the British Empire. He made a fortune in South Africa by leading the world's most important diamond mining company, De Beers, as well as a gold-mining concern called Consolidated Gold Fields. While he was a busy entrepreneur, he was also a member of the Cape Colony's legislature and served as prime minister from 1890 to 1896, a key period for the development of racial discrimination. His British South Africa Company was given a charter to govern what is today Zambia and Zimbabwe. His most famous legacy is the Rhodes Trust, which funds the Rhodes Scholarships at Oxford University. A complex figure, admired and detested in his own time, Rhodes dreamt to unite Southern Africa's colonies and republics into one state, dominated by white settlers, with labor provided by Black people who were constrained and pressured by discriminatory laws. He built his wealth on the backs of African migrant laborers, for whom he had little regard. His British South Africa Company was accused of fraud. And in 1895 and 1896, he famously encouraged a failed plot to overthrow the independent Boer republic in the Transvaal. Rhodes' coup helped to precipitate the South African War, which started in 1899 and ended in 1902, the year of Rhodes' death. This authoritative biography focuses on the relationship between Rhodes' well-known activities in business and politics and the development of Southern Africa's infrastructure, most famously his plan for a Cape-to-Cairo railway. Rhodes envisioned a region where racism became embedded in the mining, farming, communication, and transportation industries. He pursued this vision in the face of opposition from many quarters. Understanding the extent of Rhodes' activities helps us to understand the challenges of modern Africa and the recent Rhodes Must Fall movement. A critical analysis of this contested figure, The Colonialist: The Vision of Cecil Rhodes (Oxford University Press, 2025) offers an original portrait of a crucial figure of his era. William Kelleher Storey is Professor of History and Dean of Arts and Humanities at Millsaps College. Caleb Zakarin is editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

The triumphant globalization that began in the 1990s has given way to a world riven by conflict, populism, and economic nationalism. In The World's Worst Bet: How the Globalization Gamble Went Wrong (And What Would Make It Right), (PublicAffairs, 2025) David J. Lynch offers a trenchant, fast-paced narrative of the rise and fall of the greatest engine of prosperity the world has ever known. Lynch explains what went right, what went wrong, and what needs to change to preserve the benefits of global integration and to build prosperity for all Americans. Lynch brings a deep understanding of the forces affecting Americans’ lives to his portrayal of a fascinating cast of characters: presidents and policymakers; factory workers whose anger over lost jobs reshaped a nation’s politics; and the anti-globalization warriors of the right and left. Their stories show how the United States made a bad bet on globalization, gambling that it could enjoy its benefits while ignoring its costs: dislocated workers, vulnerable supply chains, and the rise of a powerful rival. With trillions of dollars now at stake, The World’s Worst Bet explains the failings of the past and offers an insightful guide to the opportunities of the future. David J. Lynch is the global economics correspondent of the Washington Post. The recipient of the National Press Foundation’s Hinrich Award for Distinguished Reporting on Trade in 2021, Lynch has reported from more than sixty countries for the Post and earlier in his career with the Financial Times of London, Bloomberg News, and USA Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Eyes by Hand: Prosthetics of Art and Healing (MIT Press, 2025) is a book about artificial eyes—about the artisans and artists who make them, and about the life-changing and sometimes life-saving experience of wearing them, as author Dan Roche has done for 15 years. Eye making is done by hand, for one person at a time, by a very small number of ocularists (fewer than 200 in the US); it is a slow, intricate, and unusually intimate process of molding, fitting, and painting that brings ocularist and patient together for many hours or even days.In Eyes by Hand, Dr. Roche describes the craft that goes into the making of an eye that looks uncannily real, as well as the psychological and emotional healing that such service brings to someone who has suffered the very visible trauma of eye loss—a loss that can go to the heart of self-identity.In an engaging, frankly fascinating fashion, Roche captures the intricacies of a profession whose techniques and culture have been remarkably consistent for 200 years. He explores, too, how that profession may now be facing a digital transformation in the form of scan-print-mail possibilities. Such a change might make prosthetic eyes more easily and cheaply available, though it may also risk the aesthetic qualities and intimate connection fundamental to the process of healing. 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

David McNally's Slavery and Capitalism: A New Marxist History (U California Press, 2025)presents the first systematic Marxist account of the capitalist character of Atlantic slavery. McNally argues that enslaved labour within the plantation system constituted capitalist commodity production, and crucially, reframes the resistance of enslaved people as profound labour struggles. He posits a "social conception of freedom", contrasting it with the liberal individualist view, asserting that for enslaved people, freedom was communal and collective, as no individual could break the structures of slavery alone. The book revives a "forgotten critical Marxist tradition" that consistently upheld the capitalist nature of New World slavery, drawing on three crucial thinkers: C.L.R. James, who argued that the collective labour of enslaved sugar cane workers on Haitian plantations was "closer to a modern proletariat than any group of workers in the world at the time". W.E.B. Du Bois, who described the overthrow of slavery in the U.S. Civil War as a "general strike of the slaves," recognizing their withdrawal of labour as commodity producers. Sylvia Wynter, who referred to this "new world enslaved class" as the "plantation proletariat," seeing them as "the most thoroughly modern social class". At the heart of McNally's analysis is the concept of the "chattel proletariat," which he describes as the "pivot point" of his analysis. This concept challenges the idea that the proletariat must mean "free workers". He demonstrates that enslaved people were economically bonded to capital, much like "free" labourers are bonded by economic necessity, with both forms of labour exploited for surplus value. Contrary to common belief, enslaved workers on Atlantic plantations "regularly used the strike weapon," engaging in collective acts like mass strikes (e.g., Toussaint Louverture's call, Bussa's rebellion, the 1831 Jamaica strikes, and Du Bois's "general strike"). These actions lead McNally to assert they were "among the foremost innovators in mass strikes" and should be recognized as part of the proletariat, necessitating a rewriting of modern labour history. McNally incorporates the insights of Marxist feminists and social reproduction theorists, emphasizing the "life-making" aspect of the chattel proletariat. He highlights that enslaved Black women not only produced commodities but also performed the essential, gendered labour of reproducing human existence. He also stresses the "necessity of theory" in historical analysis, arguing that empirical approaches alone cannot grasp "collective social processes" without a broader theoretical framework of commodity and social relationships. This book represents a significant confrontation with racial capitalism, weaving together McNally's long-standing interests in political economy and anti-racist commitments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Maren A. Ehlers’s Give and Take: Poverty and the Status Order in Early Modern Japan (Harvard University Asia Center, 2018) examines the ways in which ordinary subjects—including many so-called outcastes and other marginalized groups—participated in the administration and regulation of society in Tokugawa Japan. Within this context, the book focuses on self-governing occupation-based and other status groups and explore their roles making Tokugawa Japan tick. The title, Give and Take, is part of Ehlers’s argument about the ways in which their relationship to government was one of reciprocity between ostensibly benevolent rulers and dutybound status groups. Within this, Ehlers evinces a special interest in marginalized groups and in poverty, especially “beggar bosses” and blind guilds. Through a detailed examination of an extraordinary collection of primary sources from the castle town of Ōno (Fukui prefecture), Ehlers uses the case study of approaches to the problems of poverty to enrich our understanding of the complex dynamics of interconnectivity and reciprocity that characterized Japan under Tokugawa rule. Learn more about your ad choices. Visit megaphone.fm/adchoices

Peoples & Things host, Lee Vinsel, talks with Tiia Sahrakorpi, Visiting Professor at Weber State University, about her interesting book project, Our Land: An Oral History of Energy, which was funded by the Research Council of Finland. The project, which was rooted in oral histories in three locations in Finland, takes a use-based perspective and examines how ordinary Finnish people adopted and used electricity. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do Americans eat so much beef? In Red Meat Republic: A Hoof-to-Table History of How Beef Changed America (Princeton University Press, 2019), the historian Joshua Specht provides a history that shows how our diets and consumer choices remain rooted in nineteenth century enterprises. A century and half ago, he writes, the colonialism and appropriation of indigenous lands enabled the expansion of western ranch outfits. These corporate ranchers controlled loose commodity chains, until powerful corporate meat packers in Chicago seized the economic order through the tools of modern capitalism (scientific management, standardization, labor suppression). These capitalists expanded the supply chains to far-flung consumers in New York and around the globe. But as meat became a staple of the American diet, and measure of progress, consumers cared more about the price and taste than the violence to people, animals, and environment behind the scenes. “America made modern beef” Specht writes, “at the same time that beef made America modern.”Ryan Driskell Tate is a Ph.D. candidate in American history at Rutgers University. He is completing a book on fossil-fuels and energy development in the American West. He teaches courses on modern US history, environmental history, and histories of labor and capitalism. @rydriskelltate Learn more about your ad choices. Visit megaphone.fm/adchoices

A celebrated revolution brought freedom to a group of enslaved people in northern India. Or did it? Millions of people around the world today are enslaved; nearly eight million of them live in India, more than anywhere else. Freedomville: The Story of a 21st-Century Slave Revolt (Columbia Global Reports, 2021) by Dr. Laura Murphy is the story of a small group of enslaved villagers in the Indian state of Uttar Pradesh, who founded their own town of Azad Nagar—Freedomville—after staging a rebellion against their slaveholders. International organizations championed this as a nonviolent “silent revolution” that inspired other villagers to fight for their own freedom. But Professor Murphy, a leading scholar of contemporary global slavery, who spent years researching and teaching about Freedomville, found that whispers and deflections suggested that there was something troubling about Azad Nagar’s success. Professor Murphy embarks on a Rashomon-like retelling—a complex, constantly changing narrative of a murder that captures better than any sanitized account just why it is that slavery continues to exist in the twenty-first century. Freedomville’s enormous struggle to gain and maintain liberty shows why it is unrealistic to expect radical change without violent protest—and how a global construction boom is deepening and broadening the alienation of impoverished people around the world. 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

Many local policymakers make decisions based on a deep-seated belief: what’s good for the rich is good for cities. Convinced that local finances depend on attracting wealthy firms and residents, municipal governments lavish public subsidies on their behalf. Whatever form this strategy takes—tax-exempt apartments, corporate incentives, debt-financed mega projects—its rationale remains consistent and assumed to be true. But this wasn’t always the case. Between the 1870s and the 1970s, a wide range of activists, citizens, and intellectuals in New York City connected local fiscal crises to the greed and waste of the rich. These figures saw other routes to development, possibilities rooted in alternate ideas about what was fiscally viable. In The Menace of Prosperity: New York City and the Struggle for Economic Development, 1865–1981 (U of Chicago Press, 2025), Daniel Wortel-London argues that urban economics and politics are shaped by what he terms the “fiscal imagination” of policymakers, activists, advocates, and other figures. His survey of New York City during a period of explosive growth shows how residents went beyond the limits of redistributive liberalism to imagine how their communities could become economically viable without the largesse of the wealthy. Their strategies—which included cooperatives, public housing, land value taxation, public utilities, and more—centered the needs and capabilities of ordinary residents as the basis for local economies that were both prosperous and just. Reed Schwartz (@reedschwartzsf) holds an MPhil in intellectual history from the University of Cambridge. Learn more about your ad choices. Visit megaphone.fm/adchoices