New Books in Economic and Business History

CrossFit in the United States has become increasingly popular, around which a fascinating culture has developed which shapes everyday life for the people devoted to it. CrossFit claims to be many things: a business, a brand, a tremendously difficult fitness regimen, a community, a way to gain salvation, and a method to survive the apocalypse. In The Cult of CrossFit: Christianity and the American Exercise Phenomenon (NYU Press, 2025), Dr. Katie Rose Hejtmanek examines how this exercise program is shaped by American Christian values and practices, connecting American religious ideologies to secular institutions in contemporary American culture.Drawing upon years of immersing herself in CrossFit gyms in the United States and across six continents, this book illustrates how US CrossFit operates using distinctly American codes, ranging from its intensity and patriarchal militarism to its emphasis on (white) salvation and the adoration of the hero and vigilante. Despite presenting itself as a secular space, Dr. Hejtmanek argues that CrossFit is both heavily influenced by and deeply intertwined with American Christian values. She makes the case that the Christianity that shapes CrossFit is the Christianity that shapes much of America, usually in ways we do not even notice. Offering a new cross-cultural perspective for understanding a popular workout, The Cult of CrossFit provides a window into a particularly American rendition of a Christian plotline, lived out one workout at a time.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. You can find Miranda’s episodes on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Economic Thought in Modern China: Market and Consumption, c.1500–1937 (Cambridge University Press, 2020), Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arguing in favour of ending long-standing rules against luxury consumption, an idea that emerged in Europe in the late seventeenth and early nineteenth centuries. Zanasi challenges Eurocentric theories of economic modernization as well as the assumption that European Enlightenment thought was unique in its ability to produce innovative economic ideas. She instead establishes a direct connection between observations of local economic conditions and the formulation of new theories, revealing the unexpected flexibility of the Confucian tradition and its accommodation of seemingly unorthodox ideas.Margherita Zanasi is Professor of Chinese History at Louisiana State University. She has published widely on different aspects of modern China's history, including her first book Saving the Nation: Economic Modernity in Republican China (University of Chicago Press, 2005). She also serves as the editor of the journal Twentieth Century China. Ghassan Moazzin is an Assistant Professor at the Hong Kong Institute for the Humanities and Social Sciences and the Department of History at the University of Hong Kong. He works on the economic and business history of 19th and 20th century China, with a particular focus on the history of foreign banking, international finance and electricity in modern China. His first book, Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870–1919, is forthcoming with Cambridge University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the birthplace of maize and a celebrated culinary destination, Mexico stands at the crossroads of gastronomic richness and stark social disparities. In México Between Feast and Famine: Food, Corporate Power, and Inequality (University of Arizona Press, 2025), Dr. Enrique C. Ochoa unveils the historical and contemporary forces behind Mexico’s polarized food systems.México Between Feast and Famine provides one of the first comprehensive analyses of Mexico’s food systems and how they reflect the contradictions and inequalities at the heart of Mexico. Ochoa examines the historical roots and contemporary manifestations of neoliberal policies that have reshaped food production, distribution, and consumption in Mexico. Dr. Ochoa analyzes the histories of Mexico’s mega food companies, including GRUMA, Bimbo, Oxxo, Aurrera/Walmex, and reveals how corporations have captured the food system at the same time that diet-related diseases have soared. The author not only examines the economic and political dimensions of food production but also interrogates the social and cultural impacts.As debates around food sovereignty, globalization, and sustainable development intensify globally, México Between Feast and Famine provides a timely analysis that counters conventional narratives about Mexican cuisine. Even as it looks back, this work looks to the future, where more equitable and sustainable food systems prioritize social justice and community well-being.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

Every year, hundreds of billions of dollars' worth of farm machinery, fertilizer, seeds, and pesticides are sold to farmers around the world. Although agricultural inputs are a huge sector of the global economy, the lion's share of that market is controlled by a relatively small number of very large transnational corporations. The high degree of concentration among these agribusiness titans is striking, considering that just a few hundred years ago agricultural inputs were not even marketed goods. In Titans of Industrial Agriculture: How a Few Giant Corporations Came to Dominate the Farm Sector and Why It Matters (MIT Press, 2025), Dr. Jennifer Clapp explains how we got from there to here, outlining the forces that enabled this extreme concentration of power and the entrenchment of industrial agriculture.Clapp reveals that the firms that rose to the top of these sectors benefited from distinct market, technology, and policy advantages dating back a century or more that enabled them to expand their businesses through mergers and acquisitions that made them even bigger and more powerful. These dynamics matter because the firms at the top have long shaped industrial farming practices that, in turn, have generated enormous social, ecological, and health impacts on the planet and the future of food systems. Beyond analyzing how these problems have arisen and manifested, the book examines recent efforts to address corporate power and dominance in food systems and assesses the prospects for change.Among the first works to examine deep roots of corporate power in agriculture, Titans of Industrial Agriculture helps illuminate just how corporate actors have encouraged the “lock-in” of industrial agriculture, despite all its known social and ecological costs.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

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Small, Medium, Large: How Government Made the U.S. into a Manufacturing Powerhouse, published by Polity Books in 2024, offers a bold reinterpretation of American industrial history. Challenging the myth of free-market supremacy, the book reveals how strategic state intervention—from wartime production to Cold War R&D—shaped the rise of U.S. manufacturing. It highlights the role of public investment, procurement, and policy in scaling firms and fostering innovation. Timely and incisive, this is essential reading for anyone interested in rethinking industrial strategy, reshoring production, or understanding how the state can drive economic transformation in an age of geopolitical and technological change.This book made Martin Wolf's list of Best Summer Books of 2024 in the Financial Times and was noted briefly in a recent Foreign Affairs article on industrial policy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Against the Crisis: Economy and Ecology in a Burning World (Verso, 2024), Ståle Holgersen develops a conceptualization of 'crisis' that moves beyond simplistic understandings of societal turbulence or even disaster, arguing that crises have come to mean something very specific. Where previous analyses have treated economic and ecological crises as separate phenomena, Holgersen reveals their profound interconnection within capitalism's contradictions. Central to the book is the idea that both economic and climate crises are crises of capitalism specifically, and the powers that be are not willing to acknowledge it. Holgersen delves into today’s economic and ecological crises to demonstrate that they are not exceptions to an otherwise functioning system but integral to its operation. It is naive to see these upheavals as opportunities for reform or revolution. They are the bedrock of the status quo. Fortunately, the vicious circle sustaining capitalism is not founded on an iron law. Our historical mission in the face of the climate crisis is to create a historical exception to the rule. It is time for ecosocialism against crisis.About the Author: Ståle Holgersen is a Senior Lecturer in Human Geography at Stockholm University, Sweden. He is a member of two research collectives: the Zetkin Collective (ecosocialist group working on political ecologies of the far right) published White Skin, Black Fuel on Verso in 2021 and Fundament (a housing research collective) published Kris i Bostadsfrågan on Daidalos in 2023. This is his first monograph in English.About the Host: Stuti Roy has recently graduated with an MPhil in Modern South Asian Studies from the University of Oxford. She has a BA in Political Science from the University of Toronto. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Kay's The Corporation in the 21st Century: Why (Almost) Everything We Are Told about Business Is Wrong (Yale UP, 2025) is an accessible and entertaining reappraisal of what business is for and how it works. Full of history and written in a compelling narrative style, this book describes a shift in the underlying assumptions of the relationship between capital & labor. Kay describes how and why we have come to "love the product" as we also "hate the producer". Kay discusses areas of particular change such as the relationship between business & finance, the concept of the "hollow" corporation, what we mean when we say "growth", and the motivations and standards of industry leaders. Old ideas of owning the means of production are redundant as workers are increasingly the means of production. Capital is now often a disconnected service contracted from a specialized supplier, and businesses are run by professional managers whose main skill is exerting authority.Author recommended reading: Good Strategy, Bad Strategy by Richard RumeltHosted by Meghan Cochran Learn more about your ad choices. Visit megaphone.fm/adchoices

How Economics Explains the World: A Short History of Humanity (Mariner Books, 2024) is a book for anyone interested in understanding the economic forces that have shaped our world. Its blend of historical insight and contemporary relevance makes it a valuable addition to your bookshelf.This small book indeed tells a big story. It is the story of capitalism – of how our market system developed. It is the story of the discipline of economics, and some of the key figures who formed it. And it is the story of how economic forces have shaped world history. Why didn’t Africa colonize Europe instead of the other way around? What happened when countries erected trade and immigration barriers in the 1930s? Why did the Allies win World War II? Why did inequality in many advanced countries fall during the 1950s and 1960s? How did property rights drive China’s growth surge in the 1980s? How does climate change threaten our future prosperity? You’ll find answers to these questions and more in How Economics Explains the World.Andrew Leigh is an Australian economist, author, and politician currently serving as the Assistant Minister for Competition, Charities and Treasury, as well as the Assistant Minister for Employment. A member of the Australian Labor Party, he has represented the electorate of Fenner in the House of Representatives since 2010. Before entering politics, he was a professor of economics at the Australian National University, specialising in public policy, inequality, and economic reform. Leigh is a prolific writer, having authored several books on economic and social issues, and is known for his commitment to evidence-based policymaking and fostering competition in the Australian economy.“If you read just one book about economics, make it Andrew Leigh's clear, insightful, and remarkable (and short) work.” —Claudia Goldin, recipient of the 2023 Nobel Prize in Economics and Henry Lee Professor of Economics at Harvard UniversityOne of The Economist's Best Books of the Year Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States is widely recognized as the quintessential consumer society, one where huge companies like Walmart and Amazon are famous for enticing customers with cheap goods and speedy delivery. Attention, Shoppers!: American Retail Capitalism and the Origins of the Amazon Economy (Princeton University Press, 2025) traces the origins and evolution of American retail capitalism from the late nineteenth century to today, uncovering the roots of a bitter equilibrium where large low-cost retailers dominate and vast numbers of low-income families now rely on them to make ends meet.Offering a comparative perspective on the history of American political economy, Dr. Kathleen Thelen shows how large-scale retailers in the United Kingdom, Germany, Denmark, and Sweden faced a far less hospitable regulatory environment than companies in the United States, which enjoyed judicial forbearance and often active government support. As American companies grew in scale and scope, they assembled an ever-expanding political coalition that could be weaponized to head off regulatory efforts, leveraging their market strength to squeeze suppliers and workers and even engaging in outright rule breaking when they encountered resistance.Placing the rise of the Amazon economy in a broader comparative-historical context, Attention, Shoppers! reveals how large discount retailers have successfully exploited a uniquely permissive regulatory landscape to create a shopper’s paradise built on cheap labor and mass consumption.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. Learn more about your ad choices. Visit megaphone.fm/adchoices