New Books in Economic and Business History

You think you know British Rail. But you don't know the whole story. Now, award-winning writer Christian Wolmar provides a new perspective on national loss in a time of privatisation in British Rail: A New History (Michael Joseph, 2022).From its creation after the Second World War, through its fifty-year lifetime, British Rail was an innovative powerhouse that transformed our transport system. Uniting disparate lines into a highly competent organisation - heralding 'The Age of the Train' - and, for a time, providing one of the fastest regular rail services in the world.Born into post-war austerity, traumatised, impoverished and exploited by a hostile press, the state-owned railway was dismissed as a dinosaur unable to evolve, and swept away by a government hellbent on selling it off.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

The Earth has entered a new age—the Anthropocene—in which humans are the most powerful influence on global ecology. Since the mid-twentieth century, the accelerating pace of energy use, greenhouse gas emissions, and population growth has thrust the planet into a massive uncontrolled experiment. J. R. McNeill and Peter Engelke's book The Great Acceleration: An Environmental History of the Anthropocene since 1945 (Harvard UP, 2016) explains its causes and consequences, highlighting the role of energy systems, as well as trends in climate change, urbanization, and environmentalism.More than any other factor, human dependence on fossil fuels inaugurated the Anthropocene. Before 1700, people used little in the way of fossil fuels, but over the next two hundred years coal became the most important energy source. When oil entered the picture, coal and oil soon accounted for seventy-five percent of human energy use. This allowed far more economic activity and produced a higher standard of living than people had ever known—but it created far more ecological disruption.We are now living in the Anthropocene. The period from 1945 to the present represents the most anomalous period in the history of humanity’s relationship with the biosphere. Three-quarters of the carbon dioxide humans have contributed to the atmosphere has accumulated since World War II ended, and the number of people on Earth has nearly tripled. So far, humans have dramatically altered the planet’s biogeochemical systems without consciously managing them. If we try to control these systems through geoengineering, we will inaugurate another stage of the Anthropocene. Where it might lead, no one can say for sure.J.R. McNeill holds the appointment of University Professor at Georgetown University, serving as a faculty member of the School of Foreign Service and History Department. Professor McNeill is also a past president of American Society for Environmental History and the American Historical Association.Peter Engelke is the Deputy Director of Foresight at the Atlantic Council’s Scowcroft Strategy Initiative and a Nonresident Senior Fellow, Global Energy Center.Brady McCartney is an interdisciplinary environmental social scientist at the University of Florida. Email: Brady.McCartney@UFL.edu Learn more about your ad choices. Visit megaphone.fm/adchoices

Music sampling has become a predominantly digitalized practice. It was popularized with the rise of Rap and Hip-Hop, as well as ambient music scenes, but it has a history stretching back to the earliest days of sound recording and experimental music making from around the world. Digital tools and networks allow artists to sample music across national borders and from diverse cultural traditions with relative ease, prompting questions around not only fair use, copyright, and freedom of expression, but also cultural appropriation and "copywrongs." For example, non-commercial forms of sharing that are now commonplace on the web bring musicians and their audiences into closer contact with emerging regimes of commercial web-tracking and state-sponsored online surveillance. Moreover, when musicians actively engage in political or social causes through their music, they are liable to both commercial and state forces of control. Shifts back to corporate ownership and control of the global music business—online and offline—highlight competing claims for commercial and cultural ownership and control of sampled music from local communities, music labels, and artists.Each case study is based on archival research, close listening, and musical analysis, alongside conversations and public reflections from artists such as David Byrne, Annirudha Das, Asian Dub Foundation, John Cage, Brian Eno, Sarah Jones, Gil Scott-Heron, Karlheinz Stockhausen, Dunya Yunis, and Sonia Mehta. Sampling Politics: Music and the Geocultural (Oxford UP, 2021) provides ways to listen and hear (again) how sampling practices and music making work, on its own terms and in context. In so doing, M.I. Franklin corrects some errors in the public record, addressing some longstanding misperceptions over the creative, legal, and cultural legacy of music sampling in some cases of rich, and complex practices that have also been called musical "borrowing," "cultural appropriation," or "theft." This book considers the musicalities and musicianship at stake in each case, as well as the respective creative practices and performance cultures underscoring the ethics of attribution and collaboration when sampling artists make music.Marianne Franklin is Professor of Global Media and Politics at Goldsmiths, University of London Learn more about your ad choices. Visit megaphone.fm/adchoices

Opportunity in Crisis: Cantonese Migrants and the State in Late Qing China (Harvard UP, 2021) explores the history of late Qing Cantonese migration along the West River basin during war and reconstruction and the impact of those developments on the relationship between state and local elites on the Guangxi frontier. By situating Cantonese upriver and overseas migration within the same framework, Steven Miles re-conceives the late Qing as an age of Cantonese diasporic expansion rather than one of state decline.The book opens with crisis: rising levels of violence targeting Cantonese riverine commerce, much of it fomented by a geographically mobile Cantonese underclass. Miles then narrates the ensuing history of a Cantonese rebel regime established in Guangxi in the wake of the Taiping uprising. Subsequent chapters discuss opportunities created by this crisis and its aftermath and demonstrate important continuities and changes across the mid-century divide. With the reassertion of Qing control, Cantonese commercial networks in Guangxi expanded dramatically and became an increasingly important source of state revenue. Through its reliance on Hunanese and Cantonese to reconquer Guangxi, the Qing state allowed these diasporic cohorts more flexibility in colonizing the provincial administration and examination apparatus, helping to recreate a single polity on the eve of China’s transition from empire to nation-state.Huiying Chen is an Assistant Professor in History at Purdue University. She is interested in the circulation of people, goods, and ideas and how societies in history and today cope with the challenges wrought by increased travel in aspects of culture, politics, commerce, law, science, and technology. Learn more about your ad choices. Visit megaphone.fm/adchoices

Oil, the State, and War: The Foreign Policies of Petrostates (Georgetown University Press, 2022) by Dr. Emma Ashford presents a comprehensive challenge to prevailing understanding of international implications of oil wealth that shows why it can create bad actors.In a world where oil-rich states are more likely to start war than their oil-dependent counterparts, it's surprising how little attention is still paid to these so-called petrostates. These states' wealth props up the global arms trade, provides diplomatic leverage, and allows them to support violent and nonviolent proxies. In this book, Dr. Ashford explores the many potential links between domestic oil production and foreign policy behavior and how oil production influences global politics.Not all petrostates have the same characteristics or capabilities. To help us conceptualize these differences, Dr. Ashford creates an original classification of three types of petrostates: oil-dependent states (those weakened by the resource curse), oil-wealthy states (those made rich by oil exports), and super-producer states (those that form the backbone of the global oil market). Through a combination of case studies and analysis, she illustrates how oil shapes petrostates' behavior, filling a major gap in our understanding of the international implications of oil wealth. Experts have too often treated oil-rich states as passive objects, subject to the energy security needs of Western importing states. Instead, this book highlights the agency and power enjoyed by petrostates.As the oil market undergoes a period of rapid change, Oil, the State, and War sheds light on the diversity of petrostates and how they shape international affairs.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

Christopher Craig’s Middlemen of Modernity: Local Elites and Agricultural Development in Meiji Japan (U Hawaii Press, 2022) is a thoroughly research and engaging study of the role of local elites in the modernization of the Japanese countryside in the prewar era. “Agriculture,” Craig’s writes, “is given short shrift in the story of Japanese modernity. Farming and modernization seem to exist at opposite ends of a spectrum.” This is true for both contemporary historians, who tend to neglect agricultural modernization, and the Meiji government who dedicated little attention and resources to agriculture. Thus, with the state focused more on the emblematic goals of mechanization, urbanization, and a modern military, it fell upon local elites in villages across the country to bring rice production into the modern era. Middlemen of Modernity is a comprehensive study of the role of these elites. The book is studded with stories of individual actors that remains closely connected to Japan's development and presents a history of agriculture from the early Meiji period to the postwar American occupation.Craig’s chooses the area of Miyagi as his case study. Miyagi is a region often associated with failure and disaster. Known mostly as the site of the 3.11 disaster, and often associated with backwardness and underdevelopment (even as “Japan’s internal colony”). Miyagi, Craig’s shows, was one of the most prosperous agricultural regions in Japan prior to 1945. The drivers of this prosperity were the chihō meibōka (local notables). Local meibōka, like “Mayor Straw Sandals” Kamata Sannosuke, who became the emblematic figure of the movement, supposedly occupied the exact place government planners prescribed for them. Meiji-era agricultural policy called for village elites to mobilize their wealth and local reputations to introduce improved farming methods, transform the physical landscape, and increase agricultural production. Yet, as Craig shows the meibōka had their own agendas vis-à-vis both the government and their fellow farmers. Craig’s work shows the multi-directional nature of state-society interactions during this era. The book tells an important unknown story of the role of rural civil society in Japan’s modernization (a story often told through the lens of Tokyo and top-down modernization) and demonstrates that “agriculture was neither contrary nor ancillary to the larger project of modernization” of Japan in the 19th and 20th centuries, but an important driver of change.Ran Zwigenberg is an associate professor at Pennsylvania State University. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the voluminous literature on the history of modernisation theory and its associated concept of development since the end of World War II, much of the focus lies on the efforts undertaken by developed nations—most notably the United States and Soviet Union—to establish a model for developing countries to build not just their economies but their nations as well. Eschewing this paradigm, Dr Nicholas Ferns’ excellent monograph Australia in the Age of International Development, 1945-1975: Colonial and Foreign Aid Policy in Papua New Guinea and Southeast Asia (published by Routledge in 2020) provides a rich and important intervention that highlights how the ideas and practices that underpinned international development were shaped not only by the Cold War superpowers but by middle powers like Australia as well. Focussing particularly on Australia’s development aid efforts in Papua New Guinea and Southeast Asia through its own formulation of the ‘New Deal’ for the former and the Colombo Plan for the latter, Ferns brings to light the complexity of a country caught in the middle of its own perception as being between a developed and developing nation, between British and American economic and developmental influences, and between serving as a colonial power in its own right while also supporting anti-colonial movements.Bernard Z. Keo is Lecturer in Asian History at La Trobe University in Melbourne, Australia who specialises in decolonisation and nation-building in Southeast Asia. He can be contacted at: b.keo@latrobe.edu.au. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Goliath: The 100-Year War Between Monopoly Power and Democracy (Simon & Schuster, 2019), Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today's bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment.The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller's study will only grow more relevant as time passes. "An engaging call to arms," (Kirkus Reviews) Stoller illustrates here in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.Matt Stoller is the Director of Research at the American Economic Liberties Project.Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a biography of Earthopolis, the only Urban Planet we know of. It is a history of how cities gave humans immense power over Earth, for good and for ill. Carl Nightingale takes readers on a sweeping six-continent, six-millennia tour of the world's cities, culminating in the last 250 years, when we vastly accelerated our planetary realms of action, habitat, and impact, courting dangerous new consequences and opening prospects for new hope. In Earthopolis we peek into our cities' homes, neighborhoods, streets, shops, eating houses, squares, marketplaces, religious sites, schools, universities, offices, monuments, docklands, and airports to discover connections between small spaces and the largest things we have built. Earthopolis: A Biography of Our Urban Planet (Cambridge UP, 2022) exposes the Urban Planet's deep inequalities of power, wealth, access to knowledge, class, race, gender, sexuality, religion and nation. It asks us to draw on the most just and democratic moments of Earthopolis's past to rescue its future. Learn more about your ad choices. Visit megaphone.fm/adchoices

How foreign lending weakens emerging nations In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. Pawned States: State Building in the Era of International Finance (Princeton University Press, 2022)' reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world. Drawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to “extreme conditionality,” which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country’s tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus. Panoramic in scope, Pawned States sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist. Learn more about your ad choices. Visit megaphone.fm/adchoices