New Books in Economic and Business History

Tracing the dramatic conflicts both inside organized medicine and between the medical profession and the larger society over quality, equality, and economy in health care, Peter A. Swenson illuminates the history of American medical politics from the late nineteenth century to the present. Disorder: A History of Reform, Reaction, and Money in American Medicine (Yale UP, 2021) chronicles the role of medical reformers in the progressive movement around the beginning of the twentieth century and the American Medical Association’s dramatic turn to conservatism later. Addressing topics such as public health, medical education, pharmaceutical regulation, and health-care access, Swenson paints a disturbing picture of the entanglements of medicine, politics, and profit seeking that explain why the United States remains the only economically advanced democracy without universal health care. Swenson does, however, see a potentially brighter future as a vanguard of physicians push once again for progressive reforms and the adoption of inclusive, effective, and affordable practices.Stephen Pimpare is director of the Public Service & Nonprofit Leadership program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. Learn more about your ad choices. Visit megaphone.fm/adchoices

During World War I, the British Empire enlisted half a million young men, predominantly from the countryside of Egypt, in the Egyptian Labor Corps (ELC) and put them to work handling military logistics in Europe and the Middle East. British authorities reneged on their promise not to draw Egyptians into the war, and, as Kyle Anderson shows, the ELC was seen by many in Egypt as a form of slavery. The Egyptian Labor Corps: Race, Space, and Place in the First World War (U Texas Press, 2021) tells the forgotten story of these young men, culminating in the essential part they came to play in the 1919 Egyptian Revolution. Combining sources from archives in four countries, Anderson explores Britain’s role in Egypt during this period and how the ELC came to be, as well as the experiences and hardships these men endured. As he examines the ways they coped—through music, theater, drugs, religion, strikes, and mutiny—he illustrates how Egyptian nationalists, seeing their countrymen in a state akin to slavery, began to grasp that they had been racialized as “people of color.” Documenting the history of the ELC and its work during the First World War, The Egyptian Labor Corps also provides a fascinating reinterpretation of the 1919 revolution through the lens of critical race theory.Christopher S. Rose is a social historian of medicine focusing on Egypt and the Eastern Mediterranean in the 19th and 20th century. He currently teaches History at St. Edward's University in Austin, Texas and Our Lady of the Lake University in San Antonio, Texas. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Nature′s Evil: A Cultural History of Natural Resources (Polity Press, 2021), Alexander Etkind views the history of humankind through the prism of natural resources – how we acquire them, use them, value them, trade them, exploit them. History needs a cast of characters, and in this story the leading actors are peat and hemp, grain and iron, fur and oil, each with its own tale to tell.The uneven spread of available resources was the prime mover for trade, which in turn led to the accumulation of wealth, the growth of inequality and the proliferation of evil. Different sorts of raw material have different political implications and give rise to different social institutions. When a country switches its reliance from one commodity to another, this often leads to wars and revolutions. But none of these crises goes to waste – they all lead to dramatic changes in the relations between matter, labour and the state.Our world is the result of a fragile pact between people and nature. As we stand on the verge of climate catastrophe, nature has joined us in our struggle to distinguish between good and evil. And since we have failed to change the world, now is the moment to understand how it works.Galina Limorenko is a doctoral candidate in Neuroscience with a focus on biochemistry and molecular biology of neurodegenerative diseases at EPFL in Switzerland. To discuss and propose the book for an interview you can reach her at galina.limorenko@epfl.ch. Learn more about your ad choices. Visit megaphone.fm/adchoices

This collection of articles, edited by Matthew Romaniello, Alison Smith,  Tricia Starks, takes up the history of material culture over the past several centuries of Russian history. Widely diverse objects such as maps, textiles, building materials, cigarette cases,fish guts (yes...), samovars, samizdat, and even the T-34 tank are viewed in light of their role in Russian society. Hence the collection's striking and unusual title: The Life Cycle of Russian Things: From Fish Guts to Faberge, 1600 to the Present (Bloomsbury Academic, 2022).  Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices

Following World War II the American government and philanthropic foundations fundamentally remade American universities into sites for producing knowledge about the world as a collection of distinct nation-states. As neoliberal reforms took hold in the 1980s, visions of the world made popular within area studies and international studies found themselves challenged by ideas and educational policies that originated in business schools and international financial institutions. Academics within these institutions reimagined the world instead as a single global market and higher education as a commodity to be bought and sold. By the 1990s, American universities embraced this language of globalization, and globalization eventually became the organizing logic of higher education. In Making the World Global: U.S. Universities and the Production of the Global Imaginary (Duke UP, 2019), Isaac A. Kamola examines how the relationships among universities, the American state, philanthropic organizations, and international financial institutions created the conditions that made it possible to imagine the world as global. Examining the Center for International Studies, Harvard Business School, the World Bank, the Social Science Research Council, and NYU, Kamola demonstrates that how we imagine the world is always symptomatic of the material relations within which knowledge is produced.Dr. Kamola is currently an Associate Professor of Political Science and President of the American Association of University Professors (AAUP) chapter at Trinity College in Hartford, Connecticut.Sara Katz is a postdoctoral associate in the history department at Duke University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Diaspora’s Homeland: Modern China in the Age of Global Migration (Duke University Press, 2018) by Shelly Chan provides a broad historical study of how the mass migration of more than twenty million Chinese overseas influenced China’s politics, economics, and culture. Chan develops the concept of “diaspora moments” – a series of recurring disjunctions in which migrant temporalities come into tension with local, national, and global ones – to map the multiple historical geographies in which the Chinese homeland and diaspora emerge. Chan describes several distinct moments, including the lifting of the Qing emigration ban in 1893 and the legacy of indentured Chinese migration to the Americas, intellectual debates in the 1920s and 1930s about whether Chinese emigration in the South China Seas (Nanyang) and Southeast Asia constituted colonization and whether Confucianism should be the basis for a modern Chinese identity. She also looks at the intersection of gender, returns to China of displaced Chinese from Southeast Asia, and Communist campaigns in the 1950s and 1960s. Adopting a transnational frame, Chan narrates Chinese history through a reconceptualization of diaspora to show how mass migration helped establish China as a nation-state within a global system.Shelly Chan is an associate professor of history at the University of California, Santa Cruz, specializing in modern China and the Chinese diaspora.Shatrunjay Mall is a PhD candidate at the Department of History at the University of Wisconsin-Madison. He works on transnational Asian history, and his dissertation explores intellectual, political, and cultural intersections and affinities that emerged between Indian anti-colonialism and imperial Japan in the twentieth century. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inspired by Chicago’s successful 1893 World Columbian Exposition, the cities of Portland, Seattle, San Diego, and San Francisco all held fairs between 1905 and 1915. From the start of the Lewis and Clark Exposition to the close of the Panama-California Exposition a decade later, millions of Americans visited exhibits, watched live demonstrations and performances, and wandered amusement zones. Millions more thumbed through brochures or read news articles. Fair publicity directors embraced the emerging science of consumer marketing. Conceived to attract new citizens, showcase communities, and highlight farming and industrial opportunities, the four expositions’ promotional campaigns and vendor and exhibit choices offer a unique opportunity to examine western leaders’ perceptions of their city and region, as well as their future goals and how they both fed and tried to mitigate misconceptions of a wild, wooly West. They also expose biased attitudes toward Native Americans, Mexican Americans, Filipinos, and others.Boosting a New West: Pacific Coast Expositions, 1905–1916 (Washington State University Press, 2020) explores the fairs’ cultural and social meaning by focusing on and comparing the promotions that surrounded them. It details their origins and describes why each city chose to host, conveying the expected economic, social, and cultural benefits. It also shows how organizers articulated their significance to urban, regional, and national audiences, and how they attempted to shape a new western identity.John C. Putman is a Professor of History at San Diego State UniversityTroy A. Hallsell is the 341st Missile Wing Historian at Malmstrom AFB, MT. The ideas expressed in this podcast do not represent the 341st Missile Wing, United States Air Force, or the Department of Defense. Learn more about your ad choices. Visit megaphone.fm/adchoices

Once you understand that markets require public institutions of governance and regulation in order to function well, and further, you accept that nations may have different preferences over the shape that those institutions and regulations should take, you have started to tell a story that leads you to radically different endings.– Dani Rodrik, The Globalization Paradox (2011)Influenced by Dani Rodrik’s research and teaching at Harvard’s Kennedy School, Yeling Tan, Assistant Professor of Political Science at the University of Oregon, and non-resident scholar at UCSD’s 21st Century China Center, has written a book that brings together her interest and expertise in China’s political economy: Disaggregrating China, Inc.: State Strategies in the Liberal Economic Order (Cornell University Press, 2021).As you will hear, Professor Tan is interested in the dynamics of international and domestic politics with a focus on the tensions involving policy change within political economies. The development and the role of institutions especially with regard to China, given its political structure and economic governance, has provided just such an intriguing case for Tan who has been immersed in PRC-related study since graduate school.The book frames the story of China’s WTO entry and assesses its impact on the country’s complex and sprawling structures of economic governance with the kind of inspiration that makes well-written and researched economic history as compelling as it is empirically rigorous. Professor Tan’s analysis and argument fits within the interdisciplinary sphere most aptly described as political economy as she systematically ‘disaggregates’ China’s institutional response as a one-party state to the globalizing effects of WTO engagement. Her book draws upon a rich research literature including the post-Mao reform and opening period to frame her research questions before moving into her own theory, methods, and findings – a unique contribution to the field filling the lack of studies focused on external institutional influences on the political economy of China.As such, she moves us beyond the caricatured and monolithic simplifications underlying the bipartisan, ideologically driven interpretations reassessing the outcome of China’s WTO entry and subsequent trade policy. To liberally paraphrase a key source of her intellectual inspiration, Rodrik’s The Globalization Paradox: acknowledging the role of public institutions and the various value preferences of nations to help shape well-performing markets will lead you, as with Tan’s story, to the start of an understanding of the relationship of markets and institutions with a radically different ending in the China context.Yeling Tan is Assistant Professor of Political Science at the University of Oregon.Keith Krueger lectures at the SILC Business School in Shanghai University. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Economy Studies project emerged from the worldwide movement to modernise economics education, spurred on by the global financial crisis of 2008, the climate crisis, and the COVID-19 pandemic. It envisions a wide variety of economics graduates and specialists, equipped with a broad toolkit, enabling them to collectively understand and help tackle the issues the world faces today.Economy Studies: A Guide to Rethinking Economics Education (Amsterdam University Press, 2021) is a practical guide for (re-)designing economics courses and programs. Based on a clear conceptual framework and ten flexible building blocks, this book offers refreshing ideas and practical suggestions to stimulate student engagement and critical thinking across a wide range of courses.Sam de Muijnck is chief economist at the Dutch independent think tank Our New Economy. Earlier, he was the chair of the Future Generations Think Tank, as well as that of the Dutch branch of the international student movement, ‘Rethinking Economics’. He completed his undergraduate economics degree at the Radboud University in Nijmegen, and then pursued an interdisciplinary research master’s at the University of Amsterdam.Joris Tieleman completed his PhD from the Institute for Housing and Urban Development Studies, Erasmus University Rotterdam. He previously worked as a staff research journalist for the Volkskrant (a Dutch daily), and co-founded the Dutch branch of Rethinking Economics.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 utsavsaksena95@hotmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices

I spoke with Dr. Carlo D’Ippoliti, Professor of Economics at the Department of statistical sciences, Sapienza University of Rome. We talked about Democratizing the Economics Debate; Pluralism and Research Evaluation. This was published in 2020 by Routledge. It is a great book, almost a manifesto for better economics, divided into three parts: 1 How economics should be; 2 What economics is; 3 What economics could become. The book speaks to colleagues but it is perfectly accessible to students and non specialists too.It is a book about the profession of the economist, its social relevance and responsibility. It is a book about pluralism and the impact of economics on democracy and policy making. It is a book about the metrics that we use to assess the quality of research and the dynamics that dominate the field, from careers to the tyranny of top mainstream journals.More than a decade since the global financial crisis, economics does not exhibit signs of significant change. Mainstream economists act on an idealized image of science, which includes the convergence of all perspectives into a single supposed scientific truth. Democratizing the Economics Debate shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics. Economics has always been characterized by a plurality of competing perspectives and research paradigms, however, there is evidence of a worrying global involution in the last 40 years. Even as the production of economics publications has exploded, the economics debate is becoming less plural and increasingly hierarchical. Among several causes, the tendency to conformism has been exacerbated in recent years with the use of formal schemes of research quality evaluation. This book documents how such schemes now cover more than half of all economists worldwide and reviews the impact of biased methods of research evaluation on the stunting of levels of pluralism in economics. The book will be of interest to anyone who worries for the state of the democratic debate. As experts who intervene in the public debate, economists must assure society that they are working in the best possible way, which includes fostering a wide and fair scientific debate. It is this test of social legitimacy that economics currently fails.This contribution perfectly complements two other books that Carlo has recently edited with his colleagues: 'The Routledge Handbook of Heterodox Economics' (Routledge International Handbooks) and 'Classical Economics Today, Essays in Honor of Alessandro Roncaglia' (Anthem Other Canon Economics). Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. Learn more about your ad choices. Visit megaphone.fm/adchoices