New Books in Economic and Business History

Crisis Cycle: Challenges, Evolution, and Future of the Euro (Princeton UP, 2025) John Cochrane Luis Garicano Klaus Masuch PRINCETON UNIVERSITY PRESS, 2025 Launched 26 years ago, the euro was never expected to have an easy life but it wasn't supposed to be this hard. A three-year solvency crisis, a string of bailouts, and a rescue by the European Central Bank (ECB) was followed by threats of deflation, negative interest rates, massive purchases of government debt, a global pandemic, a European land war, and an inflation surge. The euro area emerged from these tests but may not survive the next without reforms during this period of relative calm. In Crisis Cycle, economists John Cochrane, Luis Garicano, and Klaus Masuch call for critical reforms to rebuild the system's incentive structure and stop the ECB's unsought mission creep. "A beautiful ship was constructed," they write. "Out at sea, it ran into severe storms. Its captain and crew patched the holes as best they could. Now though it is time to return to the dry dock and fix the ship properly". John Cochrane is a professor of economics at Stanford University, best-known for his work on asset prices and the fiscal theory of the price level. Luis Garicano is an economics professor at the London School of Economics and former vice-chair of the Renew group in the European Parliament. Klaus Masuch recently retired from the ECB, where he was head of the monetary policy strategy department and a negotiator for the "Troika" of official creditors during the sovereign-debt crisis. To see the authors' own book recommendations, click here. Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes 242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices

An exploration of workplace participation and earnings patterns for diverse women in US STEM professions that upends the myth that STEM work benefits women economically. Seen as part economic driver, part social remedy, STEM work is commonly understood to benefit both the US economy and people—particularly women—from underrepresented groups. But what do diverse women find when they work in US STEM occupations? What do STEM jobs really deliver—and for whom? In Disparate Measures: The Intersectional Economics of Women in STEM Work (MIT Press, 2024), Mary Armstrong and Susan Averett challenge the conventional wisdom that a diverse US STEM workforce will bring about economic abundance for the women who participate in it. Combining intersectionality theory and critical data theory with a feminist economic analysis, the authors explore how different groups of diverse women truly fare in US STEM professions.Disparate Measures is centered on eight unique, in-depth case studies, each of which provides an intersectional economic analysis (a term coined by the authors) of diverse women working in STEM occupations. Four case studies prioritize women of color and examine the STEM participation and earnings of Black women, American Indian and Alaska Native women, Asian and Pacific Islander women, and Hispanic women/Latinas; four additional case studies illuminate intersections that are frequently neglected by the STEM inclusivity literature: foreign-born women, women with disabilities, Queer women, and mothers. What the authors find in their groundbreaking, detailed analysis is that the promises of STEM are only partly true: when compared to women not working in STEM, most women are indeed economically elevated by STEM occupations—yet when compared to white men in the same STEM occupations, women's second-class status is usually reaffirmed. The authors conclude by offering seven “big-picture” recommendations for rethinking STEM equity, showing just how we can successfully confront the entrenched patterns of economic disadvantage faced by diverse women in STEM jobs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Culinary Claims: Indigenous Restaurant Politics in Canada (University of Toronto Press, 2025) by Dr. L. Sasha Gora explores the complex relationships between wild plants and introduced animals, Indigenous foodways, and Canadian regulations. Blending food studies with environmental history, the book examines how cuisines reflect social and political issues related to cultural representation, restaurants, and food sovereignty. Dr. Gora chronicles the rise of Indigenous restaurants and their influence on Canadian food culture, engaging with questions about how shifts in appetite reflect broader shifts in imaginations of local environments and identities. Drawing on a diverse range of sources – from recipes and menus to artworks and television shows – the book discusses both historical and contemporary representations of Indigenous foodways and how they are changing amid the relocalization of food systems. Culinary Claims tells a new story of settler colonialism and Indigenous resistance, emphasizing the critical role that restaurants play in Canada’s cultural landscape. It investigates how food shapes our understanding of place and the politics that underpin this relationship. Ultimately, the book asks, What insights can historians gain from restaurants – and their legacies – as reflections of Indigenous and settler negotiations over cultural claims to land? Culinary Claims presents a comprehensive history of Indigenous restaurants in Canada, highlighting their significant role in the evolution of Canadian food culture. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen by Rita Gunther McGrath Inflection points, as discussed first by Andy Grove in his book, Only the Paranoid Survive, are paradigmatic shifts that lead to entrepreneurial opportunities, such as those companies like Amazon and Netflix seized, or lead to failure, if not responded to adequately as in the instances of companies like Nokia, Blockbuster, Intel, Kodak, and Xerox. Leaders must “see around corners” to identify disruption and must respond appropriately. Business School Professor and consultant Rita McGrath contends that though the disruption often seems sudden, it is not entirely random and can be anticipated. Typically, it is the result of process that has been brewing for some time. Armed with the right strategies and tools, organizational leaders can identify that a disruption is arriving and can benefit from it if they take timely steps. This book is a guide to anticipating, understanding, and capitalizing the inflection points in the lives of business. Rich in example, itprovides a structured approach to understanding and responding to the disruptive inflections every business inevitably face. Case study presentations and illustrations are central. This book is a must for navigating in a world of constant disruptions. Alfred Marcus, Edson Spencer Professor of Strategy and Technology University of Minnesota Carlson School of Management. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the JESB podcast, we focus on a landmark special issue: “Women as Economic Actors: New Sources, Theories, and Methods” (Vol. 10, No. 1, 2025). We begin the episode by exploring the editors’ introductory essay, which outlines key historiographical and methodological interventions, emphasizing the role of new archival practices, oral histories, and cross-disciplinary approaches. From there, we touch on the rest of contributing articles:Women as Economic Actors: New Sources, Theories, and MethodsBeatriz Rodríguez-Satizábal, Laura Milanes-Reyes, Paula De la Cruz-FernándezDOI: 10.1344/jesb.48176 From Dagongmei to Entrepreneurs: Unpacking the Emergence of Businesswomen in Shenzhen (1978–2000)Yuan Jia ZhengDOI: 10.1344/jesb.42747 Unveiling Entrepreneurial Identities: Perspectives from Women Entrepreneurs in the Global SouthPathiranage Padmali Manesha PeirisDOI: 10.1344/jesb.42336 Mind the Gap: How Media in Colombia Shapes the Gender DivideAna Pirela-Rios, Ana TribinDOI: 10.1344/jesb.42338From Eccentric to Professional: The Representation of Women Entrepreneurs in Business Magazines (Argentina, 1986–2010)Magdalena GarmendiaDOI: 10.1344/jesb.42337Presented by the editors Beatriz Rodríguez-Satizábal (Universidad del Pacífico), Laura M. Milanes-Reyes, and Paula de la Cruz-Fernández. ➡️ Explore the full issue here:http://revistes.ub.edu/index.p... Learn more about your ad choices. Visit megaphone.fm/adchoices

Lead and Disrupt: How to Solve the Innovator's Dilemma Second Edition 2nd Edition by Charles A. O’Reilly III and Michael L. Tushman The second edition of this classic analyzes why mature organizations find it so difficult to innovate. This question has become ever more important as organizations face continuous disruptive changes. O’Reilly and Tushman offer strategies for using ambidextrous organizational structures and arrangements for flexibility so that organizations can adapt to fast-changing environments and grow. The authors have worked with leaders of organizations around the world who have confronted disruptive change. Using examples from such firms such as Microsoft, General Motors, and Amazon, they illustrate how leaders can change their organization's cultures, and rely on ideation, incubation, and to create growth. The podcast also discusses Corporate Explorer: How Corporations Beat Startups at the Innovation Game by Andrew Binns, Charles A. O'Reilly, and Michael Tushman. Corporate Explorer explains how managers can become successful corporate innovators. It is a guidebook to the practices that enable managers to go from idea into action. Alfred Marcus, Edson Spencer Professor of Strategy and Technology University of Minnesota Carlson School of Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Fernando Pérez-Montesinos's first book, Landscaping Indigenous Mexico: The Liberal State and Capitalism in the Purépecha Highlands (University of Texas Press, 2025), focuses on the Purépecha people of Michoacán, Mexico, and examines why and how long-standing patterns of communal landholding changed in response to liberal policies, railroad expansion, and the rise of the timber industry in Mexico. A history of the Purépecha people's survival amid environmental and political changes. Fernando Pérez-Montesinos holds that landscapes are more than geological formations; they are living records of human struggles. Landscaping Indigenous Mexico unearths the history of Juátarhu, an Indigenous landscape shaped and nurtured by the Purépecha—a formidable Mesoamerican people whose power once rivaled that of the Aztecs. Although cataclysmic changes came with European contact and colonization, Juátarhu’s enduring agroecology continued to sustain local life through centuries of challenges. Contesting essentialist narratives of Indigenous penury, Pérez Montesinos shows how Purépechas thrived after Mexican independence in 1821, using Juátarhu’s diverse agroecology to negotiate continued autonomy amid waves of national economic and political upheaval. After 1870, however, autonomy waned under the pressure of land privatization policies, state intervention, and industrial logging. On the eve of the Mexican Revolution in 1910, Purépechas stood at a critical juncture: Would the Indigenous landscape endure or succumb? Offering a fresh perspective on a seemingly well-worn subject, Pérez Montesinos argues that Michoacán, long considered a peripheral revolutionary region, saw one of the era’s most radical events: the destruction of the liberal order and the timber capitalism of Juátarhu. Fernando Pérez-Montesinos is a historian of modern Mexico with a focus on the nineteenth century and the Mexican revolution at the University of California, Los Angeles (UCLA). His research combines environmental, social, and indigenous history to study the connections between processes of land privatization, class and state formation, and ecological change. At UCLA, he teaches courses on modern Latin America and Mexico, as well as environmental and indigenous history. I am currently one of the senior editors of the Hispanic American Historical Review. A chilango at heart, he enjoys tacos al pastor, the Mexican summer rains, and playing fingerstyle guitar. Hugo Peralta-Ramírez is a doctoral student in Colonial Mexican History at the University of California, Los Angeles (UCLA) where he works on the intersection of land, labor, and law among the indigenous communities of Oaxaca. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Human Toll: Taxation and Slavery in Colonial America (NYU Press, 2025) by Anthony C. Infanti documents how the American colonies used tax law to dehumanize enslaved persons, taxing them alongside valuable commodities upon their forced arrival and then as wealth-generating assets in the hands of slaveholders. Dr. Infanti examines how taxation also proved to be an important component for subjugating and controlling enslaved persons, both through its shaping of the composition of new arrivals to the colonies and through its funding of financial compensation to slaveholders for the destruction of their “property” to ensure their cooperation in the administration of capital punishment. The variety of tax mechanisms chosen to fund slaveholder compensation payments conveyed messages about who was thought to benefit from—and, therefore, who should shoulder the burden of—slaveholder compensation while opening a revealing window into these colonial societies.While the story of colonial tax law is intrinsically linked to advancing slavery and racism, Infanti reveals how several colonies used the power of taxation as a means of curtailing the slave trade. Though often self-interested, these efforts show how taxation can be used not only in the service of evil but also to correct societal injustices. Providing a fascinating account of slavery’s economic entrenchment through the history of American tax law, The Human Toll urges us to consider the lessons that fiscal history holds for those working in the reparations movement today. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Northwest Coast of North America is a treacherous place. Unforgiving coastlines, powerful currents, unpredictable weather, and features such as the notorious Columbia River bar have resulted in more than two thousand shipwrecks, earning the coastal areas of Oregon, Washington, and Vancouver Island the moniker “Graveyard of the Pacific.” Beginning with a Spanish galleon that came ashore in northern Oregon in 1693 and continuing into the recent past, Wrecked: Unsettling Histories from the Graveyard of the Pacific (University of Washington Press, 2025) by Dr. Coll Thrush includes stories of many vessels that met their fate along the rugged coast and the meanings made of these events by both Indigenous and settler survivors and observers.Commemorated in museums, historical markers, folklore, place-names, and the remains of the ships themselves, the shipwrecks have created a rich archive. Whether in the form of a fur-trading schooner that was destroyed in 1811, a passenger liner lost in 1906, or an almost-empty tanker broken on the shore in 1999, shipwrecks on the Northwest Coast opens up conversations about colonialism and Indigenous persistence. Dr. Thrush’s retelling of shipwreck tales highlights the ways in which the three central myths of settler colonialism—the disappearance of Indigenous people, the control of an endlessly abundant nature, and the idea that the past would stay past—proved to be untrue. As a critical cultural history of this iconic element of the region, Wrecked demonstrates how the history of shipwrecks reveals the fraught and unfinished business of colonization on the Northwest Coast. This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Joshua K. Wright, The NBA's Global Empire: How the League Became an International Powerhouse (McFarland, 2025)  During the 1992 Summer Olympics in Barcelona, the Dream Team, a collective of the National Basketball Association's top talent led by Michael Jordan, Magic Johnson, Larry Bird and Charles Barkley, shook up the world as they amazed spectators and opponents on their way to winning gold. Their success introduced the world to the NBA's charismatic superstars and their artistic brand of basketball. Over the next two decades, youth outside of America dreamed of becoming the next Michael Jordan, Kobe Bryant, and LeBron James. The NBA took advantage of its popularity in China by forming lucrative television and streaming deals and opening training academies. By the 2022-23 NBA season, there were 109 international players from 39 countries, a Canadian franchise, and a league in Africa. Today's best players are Africans, Canadians and Europeans like Nikola Jokic and Victor Wembanyama. This book presents the history of the NBA's ascension to a billion-dollar global empire, analyzing the globalization of American sports since the end of the Cold War and the dawn of the millennium. How essential is globalization for the NBA to thrive in the 21st century? Do the benefits outweigh the geopolitical controversies associated with being a global brand? Is globalization responsible for a decline in American-born NBA players and declining domestic popularity? These questions and others are answered in this first treatment of the NBA's global reach. Paul Knepper covered the New York Knicks for Bleacher Report. His first book was The Knicks of the Nineties: Ewing, Oakley, Starks and the Brawlers That Almost Won It All. His next book, Moses Malone: The Life of a Basketball Prophet, will be out in the fall of 2025. You can reach Paul at paulknepper@gmail.com and follow him on Twitter @paulieknep. Learn more about your ad choices. Visit megaphone.fm/adchoices