New Books in Economic and Business History

The Business of Bobbysoxers: Cultural Production in 1940s Frank Sinatra Fandom (Oxford University Press, 2024) by Dr. Katie Beisel Hollenbach reconsiders the story of American popular music, celebrity following, and fan behavior during World War II through close examination of “bobbysoxers.” Preserved in popular memory as primarily white, hysterical, teen girl devotees of Frank Sinatra clad in bobby socks and saddle shoes, these girls were accused of displaying inappropriate behavior and priorities in their obsessive pursuit of a crooning celebrity at a time of international crisis. Dr. Beisel Hollenbach peels back the stereotypes of girlhood idol adoration by documenting the intimate practices of wartime Sinatra fan clubs, revealing a new side of this familiar story in American history through the perspective of the bobbysoxer.In World War II America, fan clubs and organizations like Teen Canteens offered a haven for teenage girls to celebrate their enjoyment of popular culture while cultivating relationships with each other through media icons and the entertainment industry. Many of these organizations attempted to encourage diverse memberships, influenced in part by Frank Sinatra's public work on racial and religious tolerance, and by Sinatra's own identity as an Italian American. Away from the critical public eye, these communities offered girls a place to safely explore and discuss issues including civil rights, politics, the war, patriotism, internationalism, and professional development in the context of their shared Sinatra fandom. With these broader social and political complexities in mind, The Business of Bobbysoxers shines a light on musical fan communities that provided teenage girls with peer groups at a critical moment of personal and historical change, allowing them to creatively express their desires and imagine their futures as American women together.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

From Chinatown to Every Town: How Chinese Immigrants Have Expanded the Restaurant Business in the United States (University of California Press, 2024) by Dr. Zai Liang explores the recent history of Chinese immigration within the United States and the fundamental changes in spatial settlement that have relocated many low-skilled Chinese immigrants from New York City's Chinatown to new immigrant destinations. Using a mixed-method approach over a decade in Chinatown and six destination states, sociologist Dr. Liang specifically examines how the expansion and growing popularity of Chinese restaurants has shifted settlement to more rural and faraway areas.Dr. Liang's study demonstrates that key players such as employment agencies, Chinatown buses, and restaurant supply shops facilitate the spatial dispersion of immigrants while simultaneously maintaining vital links between Chinatown in Manhattan and new immigrant destinations.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

Misery beneath the Miracle in East Asia (Cornell University Press, 2024) challenges prevailing views of the East Asian economic miracle. Existing scholarship has overlooked the severity, persistence, and harmful consequences of the social-welfare crises affecting the region. Dr. Arvid J. Lukauskas and Dr. Yumiko Shimabukuro fill this gap and put a major asterisk on East Asia's economic record.Combining big-picture analysis, abundant data, a dynamic interdisciplinary framework, and powerful human stories, they shed light on the social ills that governments have failed to address adequately, including low wages, child abuse, elderly poverty, and substandard housing. One of the major forces behind the multidimensional welfare crises is the region's productivist welfare strategy, which prioritizes economic growth while abandoning a robust social safety net, leaving the most vulnerable segments of society largely unprotected.Misery beneath the Miracle in East Asia brings the region into debates over the dangers of seeking growth at all costs that are currently embroiling the United States and other advanced industrialized countries.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

The 1920s and 1930s were a period of cosmopolitan globalization–and no one, perhaps, exemplified it more than Victor Sassoon, business tycoon, trader and industrialist. He’s the subject of Rosemary Wakeman’s latest book The Worlds of Victor Sassoon: Bombay, London, Shanghai, 1918–1941 (U Chicago Press, 2024) which traces Victor’s journey through these three cities—and explores how the world economy changes as he travels.After all, it’s a period where the world trading system is beginning to unravel, as British dominance in manufacturing is starting to be challenged by cheaper rivals in Germany and Japan, with arguments for economic policies that seem very familiar to us today.Rosemary Wakeman is professor of history at Fordham University. She is the author of A Modern History of European Cities: 1815 to the Present (Bloomsbury: 2020) as well as The Heroic City: Paris, 1945–1958 (The University of Chicago Press: 2009) and Practicing Utopia: An Intellectual History of the New Town Movement (The University of Chicago Press: 2016).You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The Worlds of Victor Sassoon. 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

Sophia Rosenfeld, a history professor at the University of Pennsylvania and author of "The Age of Choice," dives into the fascinating evolution of choice as a symbol of freedom. She discusses how the abundance of choices today has transformed our understanding of personal and political freedom. Exploring the historical roots, from its impact on women's autonomy to its role in American democracy, she reveals the paradoxes of choice, including the anxiety it causes amidst overwhelming options, and how it shapes our modern struggles for rights.

Historian Sarah E. Bond retells the traditional story of Ancient Rome, revealing how groups of ancient workers unified, connected, and protested as they helped build an empireFrom plebeians refusing to join the Roman army to bakers withholding bread, this is the first book to explore how Roman workers used strikes, boycotts, riots, and rebellion to get their voices—and their labor—acknowledged. Sarah E. Bond explores Ancient Rome from a new angle to show that the history of labor conflicts and collective action goes back thousands of years, uncovering a world far more similar to our own than we realize.Workers often turned to their associations for solidarity and shared identity in the ancient world. Some of these groups even negotiated contracts, wages, and work conditions in a manner similar to modern labor unions. As the world begins to consider the value—and indeed the necessity—of unionization to protect workers, Strike: Labor, Unions, and Resistance in the Roman Empire (Yale UP, 2024) demonstrates that we can learn valuable lessons from ancient laborers and from attempts by the Roman government to limit their freedom.New Books in Late Antiquity is presented by Ancient Jew ReviewSarah E. Bond is the Erling B. “Jack” Holtsmark Associate Professor in the Classics in the Department of History at the University of Iowa. She is the author of Trade and Taboo: Disreputable Professions in the Roman Mediterranean. She lives in Iowa City, IA.Michael Motia teaches in Classics and Religious Studies at UMass Boston Learn more about your ad choices. Visit megaphone.fm/adchoices

As Wall Street swooned and boomed through the last decade, our livelihoods have—now more than ever—come to rely upon the good sense and risk appetites of a few standout investors. And amidst the BlackRocks, Vanguards, and Berkshire Hathaways stands arguably the most iconoclastic of them all: SoftBank’s Masayoshi Son.In Gambling Man: The Wild Ride of Japan’s Masayoshi Son (Atria, 2024), the first Western biography of Son, the self-professed unicorn hunter, we go behind the scenes of the world’s most monied halls of power in New York, Tokyo, Silicon Valley, Saudi Arabia, and beyond to see how Son’s firm SoftBank has defied conventional wisdom and imposing odds to push global tech and commerce into the future.From the dizzying highs of Uber, DoorDash, and Slack to the epic lows of WeWork and tech-infused dogwalking app Wag Son and SoftBank have been at the center of cutting-edge capitalism’s absolute peaks and valleys. In the process, Son, son of a pachinko kingpin who grew up in a slum in Japan, has been a hero, a villain, and even a meme-ified hero to the internet tech- and finance-bro set all at once.Based on in-depth research and eye-opening interviews, Gambling Man is an unforgettable character study and alarming true story of twenty-first-century commerce that will stick with you long after you turn the final page.Lionel Barber is the former editor of the Financial Times. As editor, he interviewed many of the world’s leaders in business and politics, including US Presidents Barack Obama and Donald Trump, Russian President Vladimir Putin, Chancellor Angela Merkel of Germany, and Indian Prime Minister Narendra Modi. Barber has co-written several books and has lectured widely on foreign policy, transatlantic relations, and economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging interview, young scholar Dr, Joel Z. Garrod explains his book's main argument, with a personal touch. In Royal Histories: The Transformation of the Royal Bank of Canada, 1864-2022 (U Toronto Press, 2025), Garrod presents a historical analysis of the Royal Bank of Canada, illustrating how Canadian capitalism and the Canadian banking industry have transformed as they have consolidated nationally and expanded abroad. Emphasizing how national institutions and rules are increasingly becoming capabilities for transnational forms of capital accumulation, the book draws on extensive primary and secondary sources to document the transformation of the assemblage of territory, authority, and rights that have supported the bank’s activities over time. Linking the bank’s history to the policy regimes of the welfare state and neoliberalism, Garrod contends that our present period of globalization severely limits the extent to which nation-states can absorb capitalist crises or be a site of successful social reform. Connecting the Canadian experience to the wider transformation of global capitalism, Royal Histories illuminates the effects of globalization and the changing landscape of banking and finance. Learn more about your ad choices. Visit megaphone.fm/adchoices

The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order: National Institutions and the Development of Banking Regulation (Princeton University Press, 2024), Dr. Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis.In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Dr. Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Dr. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.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

When we talk about debt and its impact on our economy, we almost always mean “government debt.” However, this is only a small part of the picture: individuals, private firms, and households owe trillions, and these private debts are vital to understanding the economy.In The Paradox of Debt: A New Path to Prosperity Without Crisis (U Pennsylvania Press, 2023), Richard Vague examines the assets, liabilities, and incomes of the entire country, private and public sector, to reveal its net worth. His holistic analysis shows that the real factor that drives both financial crises and spiraling inequality—but also, paradoxically, economic growth—is ever rising private debt. The paradox is that while debt is essential and our economy relies on it, it also brings instability unless it is periodically deleveraged—and that is very hard to do. It can, however, be carefully managed, and Vague ends the book by showing how to do so in policy areas ranging from trade and housing to financial policy and student debt.Underpinned by pioneering data analysis and the author’s lifetime of experience in the financial world, this book is essential for anyone who wants to understand the deep, underlying dynamics of the American economy.Following a career that has spanned fields as varied as banking, energy, credit, and the arts, Richard Vague has recently served as Secretary of Banking and Securities for the Commonwealth of Pennsylvania. He is the author of numerous books, including An Illustrated Business History of the United States, also available from the University of Pennsylvania Press. Learn more about your ad choices. Visit megaphone.fm/adchoices