New Books in Economic and Business History

During the heyday of Hollywood’s studio system, stars were carefully cultivated and promoted, but at the price of their independence. This familiar narrative of Hollywood stardom receives a long-overdue shakeup in Emily Carman’s new book. Far from passive victims of coercive seven-year contracts, a number of classic Hollywood’s best-known actresses worked on a freelance basis within the restrictive studio system. In leveraging their stardom to play an active role in shaping their careers, female stars including Irene Dunne, Janet Gaynor, Miriam Hopkins, Carole Lombard, and Barbara Stanwyck challenged Hollywood’s patriarchal structure.Through extensive, original archival research, Independent Stardom: Freelance Women in the Hollywood Studio System (U Texas Press, 2016) uncovers this hidden history of women’s labor and celebrity in studio-era Hollywood. Carman weaves a compelling narrative that reveals the risks these women took in deciding to work autonomously. Additionally, she looks at actresses of color, such as Anna May Wong and Lupe Vélez, whose careers suffered from the enforced independence that resulted from being denied long-term studio contracts. Tracing the freelance phenomenon among American motion picture talent in the 1930s, Independent Stardom rethinks standard histories of Hollywood to recognize female stars as creative artists, sophisticated businesswomen, and active players in the then (as now) male-dominated film industry.Peter C. Kunze is an assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

After close to three decades of the hegemony of free market ideas, the state has made a big comeback as an economic actor since the 2008 financial crisis. China’s state-owned companies and international financial institutions have made headlines for their growing influence in the world economy. State-backed investment vehicles based in the Gulf states have made high-profile investments in global real estate markets and professional sports, while their state-owned firms have become world leaders in the logistics and natural resource sectors. Governments around the world – including in the heartlands of advanced capitalism – have promoted the interests of ‘national champion’ companies in strategic economic sectors, bailed out financial institutions by taking toxic assets off of their balance sheets, and implemented industrial policies with the aim of moving into the most profitable segments of global value chains.What accounts for this renewed prominence of states in global capitalism? Does the increased activism of states mark the end of neoliberal hegemony? And how do contemporary state-led economic initiatives compare to the heyday of Keynesian and developmentalist policy agendas in the decades immediately following World War II?The book that we are discussing today, The Spectre of State Capitalism (Oxford UP, 2024) by Ilias Alami and Adam Dixon, marks the culmination of a highly productive research project that the authors have led on the compulsions and constraints that shape the ‘new’ state capitalism. The book aims to challenge narratives that pathologize state capitalism as an authoritarian deviation from the ‘normal’ course of free market capitalism while also showing how new forms of state activism depart from earlier models of state-led development.Ilias Alami is a University assistant professor in the political economy of development at Cambrdige University. His previous book is Money Power and Financial Capital in Emerging Markets (2019). Adam Dixon holds the Adam Smith Chair in Sustainable Capitalism at Heriot Watt University’s Ediburgh Business School. He is the author of several books, most recently Sovereign Wealth Funds: Between States and Markets (2022).This book is available open access here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The achievement of Singapore’s national public housing program is impressive by any standard. Within a year of its first election victory in 1959, the People's Action Party began to deliver on its promises in dramatic fashion. By the 1980s, 85 percent of the population had been rehoused in modern flats, and today, decades later, the provision of public housing shapes Singapore's environment. The standard accounts of this remarkable transformation leave many questions unanswered, from the historical to urgent matters of current policy: Why, of all the pressing demands of Singapore's newly enfranchised citizens, was housing such a priority back in the 1960s? How did the provision of social welfare via public housing shape Singapore's industrialisation and development over the last 50 years? Looking ahead, can the HDB continue to be a source of affordable housing for young families, while long-standing appreciation in flat prices provides for the retirement of their parents? How can this be managed as 99-year leases on flats run down? When young people from wealthy families purchase subsidised flats and then resell them for a profit as soon as they can, what does that do for the already pressing issues of inequality in Singapore?Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing (NUS Press, 2024) is a culmination of Dr. Chua Beng Huat's study of Singapore's public housing system, its dynamics, and the ways it functions in Singapore's politics. Does every great success hold within it the seeds of failure? The book will be of interest to citizens, and scholars of the political economy of Asian development, of social welfare provision, and of Singapore.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

Paul Reiter and Paul North, both scholars of German Jewish thought, join audiobook narrator Simon Vance to discuss the challenges of translating Karl Marx's 'Capital' for a modern audience. They highlight the complexities of conveying Marx's original humor and depth while exploring themes of labor and value that shape our economic system. The conversation also touches on the rising popularity of audiobooks, reflecting on how they can make significant works like Marx’s more accessible. Personal literary journeys and the legacy of Marx's ideas add further richness to the discussion.

China today positions itself as a model of state-led environmentalism. On the country’s arid rangelands, grassland conservation policies have targeted pastoralists and their animals, blamed for causing desertification. State environmentalism - in the form of grazing bans, enclosure, and resettlement - has transformed the lives of many ethnic minority herders in China’s western borderlands. However, this book shows how such policies have been contested and negotiated on the ground, in the context of the state’s intensifying nation-building project.Drawing on ethnographic fieldwork in Alasha, in the far west of China’s Inner Mongolia Autonomous Region, Thomas White describes how ethnic Mongols have foregrounded the local breed of Bactrian camel, mobilizing ideas of heritage and resource conservation to defend pastoralism. In exploring how the greening of the Chinese state affects the entangled lives of humans and animals at the margins of the nation-state, this study is both a political biography of the Bactrian camel and an innovative work of political ecology addressing critical questions of rural livelihoods, conservation, and state power.Thomas White is lecturer in China and Sustainable Development at the Lau China Institute, King’s College London. His research interests include China’s borderlands, political ecology, infrastructure, and Sino-Mongolian relations. China's Camel Country: Livestock and Nation-Building at a Pastoral Frontier (U Washington Press, 2024) is his first monograph.Yadong Li is a PhD student in anthropology at Tulane University. His research interests lie at the intersection of the anthropology of state, the anthropology of time, hope studies, and post-structuralist philosophy. More details about his scholarship and research interests can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlike a flood or fire, a the Farming Crisis of the 1980s did not have a set beginning of ending. Rather, it was a rolling, often invisible, disaster that could be easy to ignore if you lived in towns or cities, even within the West and Midwest. Yet, in places like rural Iowa, the impacts of this complex crisis were devastating and indeed, ongoing even today. In When a Dream Dies: Agriculture, Iowa, and the Farm Crisis of the 1980s (UP of Kansas, 2022), emininet Iowa State historian Pamela Riney-Kehrberg explains the roots, details, and impacts of the farm crisis on 1970s and 1980s Iowa. Riney-Kehrberg focuses in particular on the mental and psychological effects of this slow disaster on family farmers themselves, with an emphasis on the psychic damage caused by farm closure which contributed to a rash of murders, suicides, and mental health crises across the state. Among the first book-length studies of the 1980s Farm Crisis, When a Dream Dies shows how the disconnect between rural and urban America was both caused, and deepened, in the crucible of debt, banking, and bankrupt farms during the Reagan years. Learn more about your ad choices. Visit megaphone.fm/adchoices

A masterful account of the global Cold War’s decisive influence on Soviet economic reform, and the national decay that followed.What brought down the Soviet Union? From some perspectives the answers seem obvious, even teleological—communism was simply destined to fail. When Yakov Feygin studied the question, he came to another conclusion: at least one crucial factor was a deep contradiction within the Soviet political economy brought about by the country’s attempt to transition from Stalinist mass mobilization to a consumer society.Building a Ruin: The Cold War Politics of Soviet Economic Reform (Harvard UP, 2024) explores what happened in the Soviet Union as institutions designed for warfighting capacity and maximum heavy industrial output were reimagined by a new breed of reformers focused on “peaceful socioeconomic competition.” From Khrushchev on, influential schools of Soviet planning measured Cold War success in the same terms as their Western rivals: productivity, growth, and the availability of abundant and varied consumer goods. The shift was both material and intellectual, with reformers taking a novel approach to economics. Instead of trumpeting their ideological bona fides and leveraging their connections with party leaders, the new economists stressed technical expertise. The result was a long and taxing struggle for the meaning of communism itself, as old-guard management cadres clashed with reformers over the future of central planning and the state’s relationship to the global economic order.Feygin argues that Soviet policymakers never resolved these tensions, leading to stagnation, instability, and eventually collapse. Yet the legacy of reform lingers, its factional dynamics haunting contemporary Russian politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Behavioral scientist Alison Fragale offers powerful new insights and a practical playbook for women to advance in any workplace, full of tips, tricks, and strategies to help secure that elusive corner office.Over decades of research, speaking engagements, and mentorship, psychologist and professor Alison Fragale encountered recurring questions from high powered and early career women alike: How do women thread the needle of kindness and competence in the workplace? How can women earn credit for their accomplishments, negotiate better, and navigate complex office politics without losing the goodwill of their peers?Fragale investigated and determined that many women's workplace issues boil down to what psychologists call status: the perception of them by others. No amount of power-- no degree, title, or paycheck-- will raise a woman's workplace stature unless it also affects how others see her. Acknowledging this roadblock, Fragale pulls back the curtain on how we can change how others see us by developing our standing as a "likeable badass." By cultivating perceptions of warmth and assertiveness, women can achieve the kind of reputation that leads to a seat at the table and a fulfilling career path.Likeable Badass: The New Science of Successful Women (Doubleday Books, 2024) is equal parts behavioral science and life hacks, weaving together rigorous research with actionable advice and impactful stories from a diverse array of women. This is a warm, heartening book written for women, their allies, and anyone who struggles to rise, and wants evidence-based, practical strategies for success, served with a side of inspiration and humor. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2010, Isabel Wilkerson spoke to the Institute about the fifteen years she spent reporting and writing her book, The Warmth of Other Suns: The Epic Story of America's Great Migration (Knopf, 2010). The book won the 2010 National Book Critics Circle Award for Nonfiction,In 1994, Wilkerson was the New York Times Chicago Bureau Chief when she won the Pulitzer Prize for her profile of a fourth-grader from Chicago's South Side, and for two stories on the Midwestern floods of 1993. She was the first woman of African-American heritage to win the Pulitzer Prize in journalism.Her 2020 book Caste: The Origins of Our Discontents argues that racial stratification in the United States is best understood as a caste system, akin to those in India and in Nazi GermanyShe has taught at Princeton, Emory and Boston universities. Learn more about your ad choices. Visit megaphone.fm/adchoices

After reading David Chaffetz’s newest book, you’d think that the horse–not oil–has been humanity’s most important strategic commodity. As David writes in his book Raiders, Rulers and Traders: The Horse and the Rise of Empires (Norton, 2024), societies in Central Asia grew powerful on the backs of strong herds of horses, giving them a military and an economic advantage against their horse-less neighbors. Persia, India and China all burned cash trying to sustain their own herds of horses–-with little success.And it all starts from humble beginnings: Horses domesticated for their milk, too small for anyone but children to ride.David Chaffetz, regular Asian Review of Books contributor, member of the Royal Society for Asian Affairs, and author of A Journey through Afghanistan and Three Asian Divas, has traveled extensively in Asia for more than forty years.You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Raiders, Rulers and Traders. Follow on Twitter at @BookReviewsAsia.Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices