New Books in Economic and Business History

The year 2025 marks the 80th anniversary of the end of the Second World War, a conflict that solidified SPAM’s place in global food culture. Created by Hormel Foods in 1937 to utilize surplus pork shoulder during the Great Depression, SPAM became an essential resource during the Second World War, and helped shape perceptions of American culture. SPAM: A Global History (Reaktion, 2025) by Dr. Kelly Spring explores SPAM’s complex history, from its inception to its resurgence during the COVID-19 pandemic, highlighting its enduring legacy in places like Hawaii, Guam, the Philippines, Okinawa and South Korea. It demonstrates how SPAM, a long-lasting and valuable protein, played a crucial role during wartime and continues to influence dietary practices worldwide. 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

Ordinary items take on new meanings when you cast them in different light. The origins of tea, coffee and sugar are well known, but when you discover that gym treadmills were pioneered on plantations or that denim jeans were once clothing for enslaved people, you can't help but ask where else the legacy of slavery hides in plain sight. Through the stories of thirty-nine everyday places and objects, in Human Resources: Slavery and the Making of Modern Britain – in 39 Institutions, People, Places and Things (Profile, 2025) Renay Richardson and Arisa Loomba unpick the threads of the history that we never learned in school, revealing the truth of how Britain's present is bound to a darker past. Taking us from art galleries to football stands, banks to hospitals, from grand country houses to the backs of our kitchen cupboards, Human Resources is an eye-opening inquiry that gives a voice to the enslaved people who built modern Britain. 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

Central bank cooperation during global financial crises has been anything but consistent. While some crises are arrested with extensive cooperation, others are left to spiral. Going beyond explanations based on state power, interests, or resources, in Bankers' Trust: How Social Relations Avert Global Financial Collapse (Cornell University Press, 2025) Dr. Aditi Sahasrabuddhe argues that central bank cooperation—or the lack thereof—often boils down to ties of trust, familiarity, and goodwill between bank leaders. These personal relations influence the likelihood of access to ad hoc, bilateral arrangements with more favorable terms. Drawing on archival evidence and elite interviews, Sahasrabuddhe uncovers just how critical interpersonal trust between central bankers has been in managing global financial crises. She tracks the emergence of such relationships in the interwar 1920s, how they helped prop up the Bretton Woods system in the 1960s, and how they prevented the 2008 global financial crisis from turning into another Great Depression. When traditional signals of credibility fell short during these periods of crisis and uncertainty, established ties of trust between central bank leaders mediated risk calculations, alleviated concerns, and helped innovate less costly solutions. Dr. Sahasrabuddhe challenges the idea that central banking is purely apolitical and technocratic. She pinpoints the unique transnational power central bank leaders hold as unelected figures who nonetheless play key roles in managing states' economies. By calling attention to the influence personal relationships can have on whether countries sink or swim during crises, Bankers' Trust asks us to reconsider the transparency and democratic accountability of global financial governance today. 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

Ghana’s twentieth century was one of dramatic political, economic, and environmental change. Sparked initially by the impositions of colonial rule, these transformations had significant, if rarely uniform, repercussions for the determinants of good and bad nutrition. All across this new and uneven polity, food production, domestic reproduction, gender relations, and food cultures underwent radical and rapid change. This volatile national history was matched only by the scientific instability of nutritional medicine during these same years. Moving between the dry Northern savannah, the mineral-rich and food-secure Southern rainforest, and the youthful, ever-expanding cities, John Nott's Between Feast and Famine: Food, Health, and the History of Ghana’s Long Twentieth-Century (UCL Press, 2025) is a comparative history of nutrition in Ghana since the end of the nineteenth century. At the heart of this story is an analysis of how an uneven capitalist transformation variously affected the lives of women and children. It traces the change from sporadic periods of hunger in the nineteenth and early twentieth centuries, through epidemics of childhood malnutrition during the twentieth century, and into emergent epidemics of diet-related non-communicable disease in the twenty-first century. Employing a novel, critical approach to historical epidemiology, Nott argues that detailing the co-production of science and its subjects in the past is essential for understanding and improving health in the present. John Nott is a Research Fellow in Science, Technology and Innovation Studies at the University of Edinburgh. His research interests sit primarily across the history of medicine and economic history, with a particular focus on colonial and postcolonial contexts. He also has complementary interests in medical anthropology and STS, and is currently a Research Fellow on Lukas Engelmann's ERC-funded project, "The Epidemiological Revolution: A History of Epidemiological Reasoning in the Twentieth Century." Amongst other things, he is working on a monograph detailing the economic and medical history of surveillance in Anglophone Africa. Dr. Nott is also the Principal Investigator of a collaborative British Academy-funded project, "Population Health in Practice: Towards a Comparative Historical Ethnography of the Demographic Health Survey," which explores the history and contemporary production of epidemiological and demographic data in Ghana, Tanzania, and Malawi. Dr. Nott was trained at the University of Leeds, where his PhD focused on the history of nutrition and nutritional medicine in Ghana since the end of the nineteenth century. Immediately before coming to Edinburgh, he was a fellow at the Merian Institute for Advanced Studies in Africa (MIASA) at the University of Ghana. Before this, Dr. Nott was based at Maastricht University as a Research Fellow on Anna Harris' ERC-funded project, “Making Clinical Sense: a Historical-Ethnographic Study of the Technologies Used in Medical Education. The edited collection, “Making Sense of Medicine: Material Culture and the Reproduction of Medical Knowledge,” recently won the Amsterdamska Award by the European Association for the Study of Science & Technology (EASST). You can learn more about his work here. Afua Baafi Quarshie is a Ph.D. candidate in history at the Johns Hopkins University. Her research focuses on mothering and childhood in post-independence Ghana. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals.A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy. Elizabeth Popp Berman is Director and Richard H. Price Professor of Organizational Studies at the University of Michigan and the author of Creating the Market University: How Academic Science Became an Economic Engine (Princeton). 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine a world in which clothing wasn't superabundant – cheap, disposable, indestructible – but perishable, threadbare and chronically scarce. Eighty years ago, when World War II ended, a textile famine loomed. What would everyone wear as uniforms were discarded and soldiers returned home, Nazi camps were liberated, and millions of uprooted people struggled to subsist? In Making Do: Britons and the Refashioning of the Postwar World (Cambridge University Press, 2025), Dr. Susan L. Carruthers unpicks a familiar wartime motto, 'Make Do and Mend', to reveal how central fabric was to postwar Britain. Clothes and footwear supplied a currency with which some were rewarded, while others went without. Making Do moves from Britain's demob centres to liberated Belsen – from razed German cities to refugee camps and troopships – to uncover intimate ties between Britons and others bound together in new patterns of mutual need. Filled with original research and personal stories, Making Do illuminates how lives were refashioned after the most devastating war in human history. 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

Mara Einstein sees the future of marketing as increasingly intertwined with manipulative tactics that mirror those used by cults, especially as advertising becomes more deeply embedded in digital and social spaces. She notes that the online environment has grown more deceptive, with advertising often disguised as content—such as branded journalism or influencer endorsements—making it harder for consumers to recognize when they are being marketed to. Einstein highlights that the migration of these techniques to digital platforms amplifies their impact, as algorithms and artificial intelligence allow marketers to target individuals with personalized appeals that exploit psychological and emotional vulnerabilities. The shift from genuine community-building to commercial exploitation means that tactics designed to foster belonging, unity, and personal growth are increasingly used to drive exclusion, blame, and consumer dependency She warns that as society becomes more desocialized and emotionally alienated, people are more susceptible to these manipulative strategies, which are now deployed at scale through social media, influencer culture, and algorithmic targeting. Einstein argues that recognizing and understanding these cult-inspired marketing methods is essential for consumers to defend themselves and for society to foster healthier, more authentic forms of connection and engagement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rainbow Trap: Queer Lives, Classifications and the Dangers of Inclusion (Bloomsbury, 2025) by Dr. Kevin Guyan reveals how the fight for LGBTQ equalities in the UK is shaped – and constrained – by the classifications we encounter every day. Looking across six systems – the police and the recording of hate crimes; dating apps and digital desire; outness in the film and television industry; borders and LGBTQ asylum seekers; health and fitness activities; and DEI initiatives in the workplace – Rainbow Trap documents how inclusive interventions – such as new legislation, revamped diversity policies and tech fixes – have attempted to bring historically marginalized communities out of the shadows.Yet, as part of the bargain, LGBTQ people need to locate themselves in an ever-growing list of classifications, categories and labels to 'make sense' to the very systems they are seeking to access. This requirement to be classified catches LGBTQ communities in a rainbow trap. Because when we look beyond the welcoming veneer of inclusive interventions, we uncover sorting processes that determine what LGBTQ lives are valued and what queer futures are possible. 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 Pathogens of Finance: How Capitalism Breeds Vector-Borne Disease (University of California Press, 2025) by Dr. Brent Z. Kaup & Dr. Kelly F. Austin is an exploration of how the rising power and profits of Wall Street underpin the contemporary increases in and inadequate responses to vector-borne disease. Over the past fifty years, insects have transmitted infectious diseases to humans with greater frequency and in more unexpected places. To examine this phenomenon, Dr. Kaup and Dr. Austin take readers to the exurban homes of northern Virginia; the burgeoning agricultural outposts of Mato Grosso, Brazil; and the smallholder coffee farms of the Bududa District of eastern Uganda. Through these case studies, the authors illuminate how the broader financialization of society is intimately intertwined with both the creation of landscapes more conducive to vector-borne disease and the failure to prevent and cure such diseases throughout 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

As the crisis of democratic capitalism sweeps the globe, The Great Retreat: How Political Parties Should Behave and Why They Don't (Oxford University Press, 2025) makes the controversial argument that what democracies require most are stronger political parties that serve as intermediaries between citizens and governments. Once a centralizing force of the democratic process, political parties have eroded over the past fifty years. Parties now rank among the most unpopular institutions in society--less trusted than business, the police, and the media. Identification with parties has plummeted, and even those who are loyal to a party report feeling that parties care more about special interests than about regular citizens. What does a "good" political party look like? Why do we urgently need them? And how do we get them? The Great Retreat explores the development of political parties as democracy expanded across the West in the nineteenth century. It focuses in particular on mass parties, and the ways they served as intermediaries that fostered ties between citizens and governments. While parties have become professionalized and nationalized, they have lost the robust organizational density that made them effective representatives. After the Cold War, a neoliberal economic consensus, changes to campaign finance, and shifting party priorities weakened the party systems of Western democracies. As Didi Kuo argues, this erosion of political parties has contributed to the recent crisis of democratic capitalism, as weak parties have ceded governance to the private sector. For democracy to adapt to a new era of global capitalism, Kuo makes the case that we need strong intermediaries like mass parties--socially embedded institutions with deep connections to communities and citizens. Parties are essential to long-term democratic stability and economic growth, while the breakdown of party systems, on the other hand, has historically led to democratic collapse. As trust in political parties has plummeted, The Great Retreat provides a powerful defense of political parties--for without parties, democratic representation is impossible. Didi Kuo is Center Fellow at the Freeman Spogli Institute for International Studies at Stanford University. Caleb Zakarin is editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices