New Books in Economic and Business History

Africa is often portrayed in terms of dictators, starvation, corruption, tribalism, war, disease, poverty and crime. In this podcast Professor James A. Robinson of the University of Chicago who is co-author (with Daron Acemoglu of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (Currency, 2013) explains why those stereotypes are often wrong and why he believes Africa has a brighter future than many think.Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this episode, I met historian and writer Dr. Lydia Pyne. She is author of Postcards: The Rise and Fall of the World’s First Social Network (Reaktion, 2021).. Postcards is a global exploration of postcards as artifacts at the intersection of history, science, technology, art, and culture. Postcards are usually associated with banal holiday pleasantries, but they are made possible by sophisticated industries and institutions, from printers to postal services. When they were invented, postcards established what is now taken for granted in modern times: the ability to send and receive messages around the world easily and inexpensively.Fundamentally they are about creating personal connections—links between people, places, and beliefs. Lydia Pyne examines postcards on a global scale, to understand them as artifacts that are at the intersection of history, science, technology, art, and culture. In doing so, she shows how postcards were the first global social network and also, here in the twenty-first century, how postcards are not yet extinct.Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. Editor New Books Network en español. Edita CEO. Learn more about your ad choices. Visit megaphone.fm/adchoices

From princes to peasants, musicians to masons, cement plant owners to casual labourers—the State Bank of India (SBI) has been the go-to bank for the people of India. Widely trusted and near-ubiquitous, the SBI has come to symbolise banking across the length and breadth of the Indian nation.This book traces the SBI’s deep connection to India’s economic progress, and the bank’s proactive approach to change and to reinventing itself to meet the evolving needs of a growing nation. In its journey from ‘banking for the classes’ to ‘banking for the masses’, it has continuously striven to blend business goals with social obligations.The SBI of today had its origins in the Presidency banks of the 1800s; the Bank of Bengal, the Bank of Madras and the Bank of Bombay, set up by the British to facilitate trade and the repatriation of remittances to England, were its forebears. In The SBI Story: Two Centuries of Banking (Westland, 2021), Vikrant Pande narrates the compelling circumstances that prompted the founding of the Presidency banks, how they fared back in the day and why they coalesced to emerge as the Imperial Bank in 1921, which in turn was nationalised to form the State Bank of India in 1955.Vikrant Pande spent two decades in the corporate sector, culminating in him being appointed as the provost of India’s first ever vocational education university (TeamLease Skills University) at Vadodara, Gujarat, India. He is now a full-time author and translator, and has published twelve English translations of Marathi bestsellers. His first book, 'In the Footsteps of Rama, Travels with the Ramayana' was released in April 2021.Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are personal and do not reflect the official position of the NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can subalterns speak? Now an iconic question from a prominent postcolonial studies scholar Gayatri Spivak, the question interrogates the in-built assumption about the locatable agency in an individual. Postcolonial studies have grappled with the question of legibility and limitations of archives. In her pathbreaking work, An Empire of Touch: Women's Political Labor and the Fabrication of East Bengal (Columbia UP, 2019), Poulomi Saha disrupts the binaries of nation/individual and agency/silence by arguing that women’s labor is a political one that articulate their relational aspirations through the tactile. In this contemporary moment with neoliberalism’s co-optation of ethnonationalism and an increasing disciplinary turn towards ethnicity as culture, Saha emphasizes the urgency of postcolonialism to prioritize political project in literary critiques and understand the connections between global capital and intimate, material life of women’s labor.The book is divided into three parts: “Reading the Body Politic,” “The Fetish of Nationalism,” and “International Basket Case.” In the first section, Saha provides a theoretical framework through her reading of Pritilata Waddedar’s body to disrupt the individualistic idea of agency and signify gendered refusal. In the second part, Saha brings Tagore’s understanding of fetish to rethink non-sovereignty as not a loss but rather an enthrallment that allowed women to express their attachment to desh (home). In the third part, Saha problematizes the power of a name by analyzing the production of discourses around birangona (war heroines) and connect the devaluation of clothes to the larger history of development where women’s labor simultaneously turned into an object of empowerment and erasure. Saha’s rich and insightful book will be an important read for scholars who are interested in development, history of labor, and feminist theories.Poulomi Saha is assistant professor of English at the University of California, Berkeley. Her first book, An Empire of Touch, was awarded the 2020 Harry Levin Prize for Outstanding First Book from the American Comparative Literature Association. Da In Ann Choi is a PhD student at UCLA in the Gender Studies department. Her research interests include care labor and migration, reproductive justice, social movement, citizenship theory, and critical empire studies. She can be reached at dainachoi@g.ucla.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices

Drawing on decades of experience covering the global economy, New York Times' journalist Peter S. Goodman profiles five representative Davos Men-members of the billionaire class-chronicling how their shocking exploitation of the global pandemic has hastened a fifty-year trend of wealth centralization. Alongside this reporting, Goodman delivers textured portraits of those caught in Davos Man's wake, including a former steelworker in the American Midwest, a Bangladeshi migrant in Qatar, a Seattle doctor on the front lines of the fight against COVID, blue-collar workers in the tenements of Buenos Aires, an African immigrant in Sweden, a textile manufacturer in Italy, an Amazon warehouse employee in New York City, and more in his book, Davos Man: How the Billionaires Devoured the World (Custom House, 2022).Peter S. Goodman is the global economic correspondent for The New York Times, based in New York.Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices

In Hungry for Revolution: The Politics of Food and the Making of Modern Chile (University of California Press, 2021), Joshua Frens-String explores the modern history and political economy of food in Chile, from World War I to the rise and fall of the Allende socialist regime in the 1970s. Drawing together a diverse cast of characters and weaving together a wide range of sources, Frens-String demonstrates that the struggles to create a more just food system shaped modern Chile and its expansive social welfare state prior to the Pinochet’s coup d’état and the implementation of the Chicago Boys’ economic neoliberalization policies. In addition to the dynamics of class and gender in the consumption politics of Chile, Hungry for Revolution is particularly attentive to the different problematics of feeding the urban working classes and dismantling rural estates, and of creating durable socialist regimes and systems of food justice.Nathan Hopson is an associate professor of Japanese language and history in the University of Bergen's Department of Foreign Languages. Learn more about your ad choices. Visit megaphone.fm/adchoices

Metrics of Modernity: Art and Development in Postwar Turkey (University of California Press, 2022) is a vivid portrait of the art world of 1950s Turkey in which Sarah-Neel Smith offers a new framework for analyzing global modernisms of the twentieth century: economic development.After World War II, a cohort of influential Turkish modernists built a new art scene in Istanbul and Ankara. The entrepreneurial female gallerist Adalet Cimcoz, the art critic (and future prime minister) Bülent Ecevit, and artists like Aliye Berger, Füreya Koral, and Bedri Rahmi Eyüboğlu were not only focused on aesthetics. On the canvas, in criticism, and in the gallery, these cultural pioneers also grappled with economic questions—attempting to transform their country from a “developing nation” into a major player in the global markets of the postwar period.Smith’s book publishes landmark works of Turkish modernism for the first time, along with an innovative array of sources—from gossip columns to economic theory—to reveal the art world as a key site for the articulation of Turkish nationhood at midcentury.Reuben Silverman is a PhD candidate at University of California, San Diego Learn more about your ad choices. Visit megaphone.fm/adchoices

Today I talked to Carl Rhodes about his book Woke Capitalism: How Corporate Morality is Sabotaging Democracy (Policy Press, 2021).When Milton Friedman published Capitalism and Freedom in 1962, whose freedom was he referring to? When you know the answer is corporations, you can begin to understand both what neoliberalism was all about and why today Woke Capitalism may not be so much a harbinger of socialism as it is a way to distract the conversation from real economic reforms. That’s indeed the take of Carl Rhodes, whose book explores the plutocracy that America and otherwise democratic countries are at risk of becoming if they haven’t gotten there already. Abraham Lincoln’s Gettysburg Address famously included the pledge that government “of the people, by the people, and for the people” shall not perish. Rhodes is warning, in effect, that the world of George Orwell’s Animal Farm in which some pigs are more equal than others may be now dangerously closer to the truth.Carl Rhodes is Professor of Organization Studies at the University of Technology Sydney. There he researches the ethical and democratic dimensions of business and work. Carl regularly writes for the mainstream and independent press alike on issues related to ethics, policy, and the economy.Dan Hill, PhD, is the author of nine books and leads Sensory Logic, Inc. (https://www.sensorylogic.com). His new book is Blah, Blah, Blah: A Snarky Guide to Office Lingo. To check out his related “Dan Hill’s EQ Spotlight” blog, visit https://emotionswizard.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Utopian Genderscapes: Rhetorics of Women's Work in the Early Industrial Age (Southern Illinois UP, 2021) focuses on three prominent yet understudied intentional communities—Brook Farm, Harmony Society, and the Oneida Community—who in response to industrialization experimented with radical social reform in the antebellum United States. Foremost among the avenues of reform was the place and substance of women’s work. Author Michelle C. Smith seeks in the communities’ rhetorics of teleology, choice, and exceptionalism the lived consequences of the communities' lofty goals for women members.This feminist history captures the utopian reconfiguration of women’s bodies, spaces, objects, and discourses and delivers a needed intervention into how rhetorical gendering interacts with other race and class identities. The attention to each community’s material practices reveals a gendered ecology, which in many ways squared unevenly with utopian claims. Nevertheless, this volume argues that this utopian moment inaugurated many of the norms and practices of labor that continue to structure women’s lives and opportunities today: the rise of the factory, the shift of labor from home spaces to workplaces, the invention of housework, the role of birth control and childcare, the question of wages, and the feminization of particular kinds of labor.An impressive and diverse array of archival and material research grounds each chapter’s examination of women’s professional, domestic, or reproductive labor in a particular community. Fleeting though they may seem, the practices and lives of those intentional women, Smith argues, pattern contemporary divisions of work along the vibrant and contentious lines of gender, race, and class and stage the continued search for what is possible.Jeannette Cockroft is an associate professor of history and political science at Schreiner University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic sanctions dominate the landscape of world politics today. First developed in the early twentieth century as a way of exploiting the flows of globalization to defend liberal internationalism, their appeal is that they function as an alternative to war. This view, however, ignores the dark paradox at their core: designed to prevent war, economic sanctions are modeled on devastating techniques of warfare.Tracing the use of economic sanctions from the blockades of World War I to the policing of colonial empires and the interwar confrontation with fascism, Nicholas Mulder uses extensive archival research in a political, economic, legal, and military history that reveals how a coercive wartime tool was adopted as an instrument of peacekeeping by the League of Nations. The Economic Weapon: The Rise of Sanctions as a Tool of Modern War (Yale University Press, 2022) casts an overdue light on why sanctions are widely considered a form of war, and why their unintended consequences are so tremendous.Mathias Fuelling is a doctoral candidate in History at Temple University, working on a political history of Czechoslovakia in the immediate post-WWII years. He can be found on Twitter at https://twitter.com/bucephalus424 Learn more about your ad choices. Visit megaphone.fm/adchoices