New Books in Economic and Business History

Peter Paul Rubens (1577–1640) never crossed the Atlantic himself, but his impact in colonial Latin America was profound. Prints made after the Flemish artist’s designs were routinely sent from Europe to the Spanish Americas, where artists used them to make all manner of objects.Rubens in Repeat: The Logic of the Copy in Colonial Latin America (Getty Research Institute, 2021) by Dr. Aaron M. Hyman is the first comprehensive study of this transatlantic phenomenon, despite broad recognition that it was one of the most important forces to shape the artistic landscapes of the region. Copying, particularly in colonial contexts, has traditionally held negative implications that have discouraged its serious exploration. Yet analysing the interpretation of printed sources and recontextualizing the resulting works within period discourse and their original spaces of display allow a new critical reassessment of this broad category of art produced in colonial Latin America—art that has all too easily been dismissed as derivative and thus unworthy of sustained interest and investigation. This book takes a new approach to the paradigms of artistic authorship that emerged alongside these complex creative responses, focusing on the viceroyalties of New Spain and Peru in the seventeenth and eighteenth centuries. It argues that the use of European prints was an essential component of the very framework in which colonial artists forged ideas about what it meant to be a creator.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

Political Theorist David Lay Williams has a new book that traces the problem of economic inequality through the thought of many of the canonical thinkers in Western political theory. The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx (Princeton UP, 2024) explores the thought of Socrates and Plato, Jesus, Thomas Hobbes, Jean-Jacques Rousseau, Adam Smith, John Stuart Mill, and Karl Marx. We often turn to these thinkers and their various works to consider how best to establish political regimes and understand political power. But it is quite difficult to separate economics from politics, since these are both key parts of all societies. And this is the thrust of William’s work in The Greatest of All Plagues. We expect to find critiques of economics in Karl Marx or Adam Smith, given the focus of their political thought. But The Greatest of All Plagues demonstrates how vital the economic questions are for all of these western thinkers, and how concerned they each were with the concentration of wealth among the few within a society. This is a key component of the analysis in the book and in our conversation: “economic inequality” is a broad term and encompasses many complexities, but the thrust of the book is that each thinker is particularly concerned about the wealthy and the poor, and the destabilizing impact of a very few having great wealth. This is not to exclude poverty from the analysis, but much attention is often paid to the poor and ways to solve poverty. Scant attention is generally paid to the problem posed by excessive wealth, and the imbalance between those possessing great wealth and the rest of the society, and how this is problematic for political regimes and societies.The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx is an impressive exploration of not only the work of these political thinkers, but also of the many scholars who have studied these works and these thinkers. There is much depth to this study, and the reader learns a great deal about the works themselves, the theorist under consideration in each chapter, historical context, and the interrelationship between politics and inequality. Williams is clear that his focus is on economic inequality in political theory, and not other, equally important inequalities. During the course of our conversation, we only touch on the surface of this complex and deep work. It is a worthy subject for investigation and this well-written and accessible book provides the reader with a rich discourse on the reason why we should pay attention to wealth inequality and how it contributes to societal instability, the corruption of character and soul, and how it remains an ongoing threat to justice, democracy, freedom and faith.Lilly J. Goren is a professor of political science at Carroll University in Waukesha, WI. She is co-host of the New Books in Political Science channel at the New Books Network. She is co-editor of The Politics of the Marvel Cinematic Universe (University Press of Kansas, 2022), as well as co-editor of the award winning book, Women and the White House: Gender, Popular Culture, and Presidential Politics (University Press of Kentucky, 2012). She can be reached @gorenlj.bsky.social Learn more about your ad choices. Visit megaphone.fm/adchoices

In Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy (Cornell University Press, 2024), Dr. Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present.Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial crisis and the 2020 COVID-19 crisis, central banks have upended observer expectations by implementing largely unknown and unconventional monetary policies. Far from abiding by well-established policy playbooks, central banks now engage in practices such as providing liquidity support for a wide range of financial institutions and quantitative easing. They have even stretched the remit of monetary policy into issues such as inequality and climate change.Dr. Moschella argues that the political nature of central banks lies at the heart of these transformations. While formally independent, central banks need political support to justify their policies and powers, and to obtain it, they carefully manage their reputation among their audience selected officials, market actors, and citizens. Challenged by reputational threats brought about by twenty-first-century recessionary and deflationary forces, central banks such as the Federal Reserve System and the European Central Bank strategically deviated from orthodox monetary policies to preempt or manage political backlash and to regain public trust. Central banks thus evolved into a new role only in coordination with fiscal authorities and on the back of public contestation.Eye-opening and insightful, Unexpected Revolutionaries is necessary reading for discussions on the future of the neoliberal macroeconomic regime, the democratic oversight of monetary policymaking, and the role that central banks canor cannotplay in our domestic economies.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

Barrels – we rarely acknowledge their importance, but without them we would be missing out on some of the world’s finest wines and spirits. For over two thousand years they’ve been used to store, transport and age an incredibly diverse array of provisions around the globe. In this comprehensive and wide-ranging book titled Wood, Whiskey and Wine: A History of Barrels (Reaktion, 2024), now available in paperback, Henry H. Work tells the intriguing story of the significant and ever-evolving role wooden barrels have played during the last two millennia.Offering a new way of thinking about one of the most enduring and successful products in history, Wood, Whiskey and Wine is a must-read for everyone from technology and history buffs to wine and whiskey aficionados.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

Soda Science: Making the World Safe for Coca-Cola (U Chicago Press, 2024) takes readers deep inside the secret world of corporate science, where powerful companies and allied academic scientists mould research to meet industry needs. The 1990s were tough times for the soda industry. In the United States, obesity rates were exploding. Public health critics pointed to sugary soda as a main culprit and advocated for soda taxes that might decrease the consumption of sweetened beverages—and threaten the revenues of the giant soda companies. Soda Science tells the story of how industry leader Coca-Cola mobilized allies in academia to create a soda-defense science that would protect profits by advocating exercise, not dietary restraint, as the priority solution to obesity, a view few experts accept. Anthropologist and science studies specialist Susan Greenhalgh discovers a hidden world of science-making—with distinctive organizations, social networks, knowledge-making practices, and ethical claims—dedicated to creating industry-friendly science and keeping it under wraps. By tracing the birth, maturation, death, and afterlife of the science they made, Greenhalgh shows how corporate science has managed to gain such a hold over our lives. Spanning twenty years, her investigation takes her from the US, where the science was made, to China, a key market for sugary soda. In the US, soda science was a critical force in the making of today’s society of step-counting, fitness-tracking, weight-obsessed citizens. In China, this distorted science has left its mark not just on national obesity policies but on the apparatus for managing chronic disease generally. By following the scientists and their ambitious schemes to make the world safe for Coke, Greenhalgh offers an account that is more global—and yet more human—than the story that dominates public understanding today. Coke’s research isn’t fake science, Greenhalgh argues; it was real science, conducted by real and eminent scientists, but distorted by its aim. Her gripping book raises crucial questions about conflicts of interest in scientific research, the funding behind familiar messages about health, and the cunning ways giant corporations come to shape our diets, lifestyles, and health to their own needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Building Stalinism: The Moscow Canal and the Creation of Soviet Space (I. B. Tauris, 2018), Cynthia Ruder explores how the building of the Moscow canal reflected the values of Stalinism and how it was used to create distinctly Soviet space, both real and imagined. She discusses the canal as a physical construct: an massive and important infrastructure project that would allow Moscow to have a steady supply of drinking water and create enough water pressure to allow for the construction of high rises, as well as a shipping channel that connected Moscow to the Volga and the Russian heartland and the rest of the world via the Baltic, White and Caspian seas, as well as the imagined spaces created, such as Moscow becoming “a port of five seas.” Ruder examines the Stalinist political system’s ability to tame and control water, bending it in service of socialism, and how these achievements were memorialized in art, song and literature. But she also explores the darker side of canal construction, the use of Gulag labor, the human cost it exacted and how this too was reflective of a Stalinist world-view. Building Stalinism provides an excellent look into the pervasive nature of Stalinism and its complex modern legacy.. Learn more about your ad choices. Visit megaphone.fm/adchoices

Aleksander Pluskowski of the University of Reading joins Jana Byars to talk about his new book, The Teutonic Knights: Rise and Fall of a Religious Corporation, out 2024 with Reaktion Books. A gripping account of the rise and fall of the last great medieval military order. This book provides a concise and incisive introduction to the knights of the Teutonic Order, the last of the great military orders established in the twelfth century. The book traces the Order's evolution from a crusader field hospital into a major territorial ruler in northeastern Europe. Notably, the knights constructed distinctive fortified convents, including their headquarters in Western Christendom's largest castle. The narrative concludes with the Order's fifteenth-century decline due to the combined effects of a devastating war with Poland-Lithuania and the Protestant Reformation. The result is an accessible overview of this pivotal corporation in European history. Learn more about your ad choices. Visit megaphone.fm/adchoices

No animal is so entangled in human history as the horse. The thread starts in prehistory, with a slight, shy animal, hunted for food. Domesticating the horse allowed early humans to settle the vast Eurasian steppe; later, their horses enabled new forms of warfare, encouraged long-distance trade routes, and ended up acquiring deep cultural and religious significance. Over time, horses came to power mighty empires in Iran, Afghanistan, China, India, and, later, Russia. Genghis Khan and the thirteenth-century Mongols offer the most famous example, but from ancient Assyria and Persia, to the seventeenth-century Mughals, to the high noon of colonialism in the early twentieth century, horse breeding was indispensable to conquest and statecraft. In Raiders, Rulers, and Traders: The Horse and the Rise of Empires (Norton, 2024), scholar of Asian history David Chaffetz tells the story of how the horse made rulers, raiders, and traders interchangeable, providing a novel explanation for the turbulent history of the “Silk Road,” which might be better called the Horse Road. Learn more about your ad choices. Visit megaphone.fm/adchoices

We've heard and rehearsed the conventional wisdom about oil: that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia.That common sense is wrong. The author of America's Kingdom: Mythmaking on the Saudi Oil Frontier (Stanford University Press, 2007), Robert Vitalis returns to disenchant us once again—this time from "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Contrary to the deeply-held beliefs of hawkish foreign policy experts and career academics alike, oil is a commodity like any other: bought, sold, and subject to market forces. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Nevertheless, persistent fears of oil scarcity and conflict continue to breed real consequences. Robert Vitalis, Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy (Stanford UP, 2020) presses us to reconsider, among many things, the U.S.-Saudi special relationship, which confuses and traps many into unnecessarily accepting what we imagine is a devil's bargain. Along the way, Vitalis resurrects a forgotten school of critics of empire—a reprisal of his task in White World Order, Black Power Politics: The Birth of American International Relations (Cornell University Press, 2017).Freeing ourselves from the spell of oilcraft won't be easy. But the benefits of doing so, and the drawbacks of not, make it essential. Learn more about your ad choices. Visit megaphone.fm/adchoices

Peoples & Things host, Lee Vinsel, talks to Cyrus Mody, Professor in the History of Science, Technology, and Innovation and Director of the STS Program at Maastricht University, about his book, The Squares: US Physical and Engineering Scientists in the Long 1970s (MIT Press, 2022). Many narratives about contemporary technologies, especially digital computing and the Internet, focus on the influences of 1960s counter-cultures. In _The Squares_, Mody takes the opposite approach and asks how square, non-counter-cultural scientists and engineers reacted to their changing environments in the 1970s. Vinsel and Mody also talk about what this story may suggest about current efforts to refocus STEM education on “values.” The pair also discuss how, over the course of his career, Mody has continually used a set of historical actors he knows a great deal about to examine different historical themes and questions. Finally, they discuss Mody’s current projects and where he is headed. Learn more about your ad choices. Visit megaphone.fm/adchoices