New Books in Economic and Business History

For decades coal has been crucial to America's culture, society, and environment, an essential ingredient in driving out winter's cold, cooking meals, and lighting the dark. In the coalfields and beyond, in Black Gold: The Rise, Reign, and Fall of American Coal (University of California Press, 2025) Bob Wyss describes how this magical elixir sparked the Industrial Revolution, powered railroads, and built urban skylines, while providing home comforts for families. Coal's history and heritage are fundamental to understanding its legacy of threats to America's well-being. As industry developed so did clashes between powerful tycoons, coal miners, and innocent families. Exploitation and avarice led to victimization, deadly violence, and ultimately the American labor movement. More recently coal has endangered American lives and safety, brought on by two centuries of carbon combustion, and here the threat remains unresolved. This is coal's most enduring legacy, and Black Gold is pivotal in helping us understand how we got to this point. 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

Dr. J Calvin Schermerhorn is a professor of history in the School of Historical, Philosophical, and Religious Studies at Arizona State University. His books include The Business of Slavery and the Rise of American Capitalism, 1815–1860, and Unrequited Toil: A History of United States Slavery. He lives in Tempe, AZ. The long history of the racial wealth gap in America told through the stories of seven Black families who struggled to build wealth over multiple generationsWealth is central to the American pursuit of happiness and is an overriding measure of well-being. Yet wealth is conspicuously absent from African American households. Why do some 3.5 million Black American families have zero or negative wealth?In The Plunder of Black America: How the Racial Wealth Gap Was Made (Yale UP, 2025) historian Calvin Schermerhorn traces four hundred years of Black dispossession and decapitalization—what Frederick Douglass called plunder—through the stories of families who have strived to earn and keep the fruits of their toils. Their struggles reveal that the ever-evolving strategies to strip Black income and wealth have been critical to sustaining a structure of racialized disadvantage. These accounts also tell of the quiet heroism of those who worked to overcome obstacles and defy the plunder.From the story of Anthony and Mary Johnson, abducted from Angola and brought to Virginia in 1619, to the enslaved Black workers dispossessed by the Custis-Washington family, to Venture Smith (born Broteer Furro), who purchased his freedom, to three generations of a family enslaved in the South who moved north after Emancipation, to the Tulsa massacre and the subprime lending crisis, Schermerhorn shows that we cannot reckon with today’s racial wealth inequality without understanding its unrelenting role in American history. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging discussion, Karen Robert, a Professor of Latin American and world history, delves into the harrowing experiences of twenty-four Ford autoworkers in Argentina who faced torture for their union activism. She highlights the transformation of the Ford Falcon from a beloved family car to a symbol of state terror during the military dictatorship. Robert also unpacks the connections between labor repression, corporate complicity, and the courageous pursuit of justice by victims, providing a compelling look at Argentina's complex history.

How many female entrepreneurs, economic revolutionaries, merchants, and industrialists can you name? You would be forgiven for thinking that, until very recently, there were none at all. But what about Phryne, the richest woman in ancient Athens, who offered to pay to rebuild the walls of Thebes after the city was razed by Alexander the Great? Or what about Priscilla Wakefield, the writer who set up the first English bank for women and children? And, just as important, what about the everyday women who, paid only a pittance, labored for the profit of others? From the most successful women of their day to those who struggled to make ends meet, Economica: A Global History of Women, Wealth, and Power (Seal Press, 2025) by Dr. Victoria Bateman takes you on a journey that begins in the Stone Age and ends in the twenty-first century, spanning the world’s historic centers of prosperity: Egypt, Mesopotamia, Peru, the Indus Valley, the Roman Empire, the Islamic Empire, China, Europe, and the United States. By shining a light on the women whose contributions to the economy have been hidden for far too long, Economica is more than a history of women—it is a more accurate economic history of us all. 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

Bradley Gorski, a literary and culture scholar, examines the breakneck commercialization of Russian book publishing and of Russian literature more broadly – in the wake of the collapse of the Soviet Union. In the early 1990s, thousands of new publishers emerged, up from a mere two hundred at the Soviet Union’s end. The notion of the “bestseller” quickly came to dominate the new market, fueling he rise of immensely popular genres such as detective novels, including its zhenskii variety (detective novels written by women and featuring female sleuths. Gorski artfully weaves together the evolution of the book market - from the chaos of the early post-Communist years to the near-monopoly in the 2000s - with literary analysis of some of the most prominent post-Soviet authors. At early stages, post-Soviet literature often reflected a degree of optimism about the Western ideal of personal liberty and embraced what sociologist Boris Dubin called a Russian version of the “American success story”. In recent years, however, the Russian literary market has taken a distinctly illiberal turn, exemplified by the writer Zakhar Prilepin, a bestselling author turned jingoistic patriot who fought in the Donbas region of Ukraine and inspired many of his admirers to join the front.  Cultural Capitalism: Literature and the Market after Socialism (Northern Illinois University Press, 2025) Learn more about your ad choices. Visit megaphone.fm/adchoices

From 1907 to 1967, a network of reservoirs and aqueducts was built across more than one million acres in upstate New York, including Greene, Delaware, Sullivan, and Ulster Counties. This feat of engineering served to meet New York City’s ever-increasing need for water, sustaining its inhabitants and cementing it as a center of industry. West of the Hudson, it meant that twenty-six villages, with their farms, forest lands, orchards, and quarries, were bought for a fraction of their value, demolished, and submerged, profoundly altering ecosystems in ways we will never fully appreciate. This paradox of victory and loss is at the heart of Nineteen Reservoirs: On Their Creation and the Promise of Water for New York City (The Experiment, 2022) Lucy Sante’s meticulous account of how New York City secured its seemingly limitless fresh water supply, and why it cannot be taken for granted. In inimitable form, Sante plumbs the historical record to surface forgotten archives, bringing lost places back to life on the page. Her immaculately calibrated sensitivity honors both perspectives on New York City’s reservoir system and helps us understand the full import of its creation. An essential history of the New York City region that will reverberate far beyond it, Nineteen Reservoirs examines universal divisions in our resources and priorities—between urban and rural, rich and poor, human needs and animal habitats. This is an unmissable account of triumph, tragedy, and unintended consequences. 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

Moorings: Voyages of Capital across the Indian Ocean (U of California Press, 2025) follows sailors from the Gulf of Kachchh in India as they voyage across the Indian Ocean on mechanized wooden sailing vessels known as vahans, or dhows. These voyages produce capital through moorings that are spatial, moral, material, and conceptual. With a view from the dhow, the book examines the social worlds of Muslim seafarers who have been rendered invisible even as they maneuver multiple regulatory regimes and the exigencies of life, navigating colonialism, neoliberalism, the rise of Hindutva, insurgency, climate change, and border regimes across the ocean. Based on historical and ethnographic research aboard ships, at ports, and in religious shrines and homes, Moorings shows how capitalism derives value from historically sedimented practices grounded in caste, gender, and transregional community-based forms of regulation. Nidhi Mahajan is Associate Professor in the Department of Anthropology at the University of California, Santa Cruz. Reighan Gillam is Associate Professor in the Department of Latin American, Latino, and Caribbean Studies at Dartmouth College. Her research examines the ways in which Afro-Brazilian media producers foment anti-racist visual politics through their image creation. She is the author of Visualizing Black Lives: Ownership and Control in Afro-Brazilian Media (University of Illinois Press). Learn more about your ad choices. Visit megaphone.fm/adchoices

Crusading for Globalization: US Multinationals and Their Opponents Since 1945 (University of Pennsylvania Press, 2025) tells the story of an extraordinarily influential group of business executives at the helms of the largest US multinational corporations and their quest to drive globalization forward over the last eight decades. Janick Marina Schaufelbuehl argues that the spectacular expansion of international investment, trade, and production after 1945 cannot be understood without considering the role played by these corporate globalizers and the organization they created, the US Council (today’s United States Council for International Business). By shaping governmental policy through their congressional lobbying and close connections to successive presidential administrations, US Council members, including executives from General Electric, Coca Cola, and IBM, among others, consistently fought for ever more market deregulation, culminating in the creation of the World Trade Organization in 1995. Crusading for Globalization is also a book about those who opposed the growing might of multinationals. In the years immediately after World War II, resistance came from business protectionists, before labor and policymakers from the Global South joined the effort in the early 1970s. Schaufelbuehl breaks new ground by offering a panorama of this early anti-globalization movement, and by showing how the leaders of multinationals organized to limit its political influence. She also examines continuities between this early movement and the opposition to globalization that emerged at the beginning of the twenty-first century from the left and the populist right and discusses how business responded by promoting corporate social responsibility and voluntary guidelines.The first book to shed light on what caused corporate executives to pursue a pro-globalization agenda and to examine their methods for dealing with their opponents, Crusading for Globalization reveals the historical roots of today’s disparities in wealth and income distribution. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Social Railway and Its Workers in Europe’s Modern Era, 1880-2023: Moments of Fury, Ramparts of Hope (Bloomsbury, 2025) by Dr. David Welsh examines the evolution of rail transport and a number of railway workforces across Europe in the modern era, from around 1880 to 2023.Each chapter explores how, within the context of a social railway, rail workers developed distinct national and international perspectives on the nature of their work and their roles in societies and states. Dr. Welsh convincingly argues that workers formed a raft of entirely new and enduring organisations such as trade unions that, in turn, became ramparts of hope. Welsh goes on to consider how the insurgent character of these organisations produced moments of fury during tumultuous periods in the 20th century. The Social Railway and its Workers in Europe's Modern Era, 1880-2023 explores the national and European contexts in which both characteristics came to the fore, including the ecology of fossil fuel technology (coal and oil). Above all, it argues that social, economic and political forces are not simply external 'scene-shifting' but integral to the history of railway systems.The book examines the cultural construction of European railways through literature, art and other forms of writing as well as recent oral history. It also includes a detailed investigation of the role played by nationalisation and public ownership in Europe. In the context of neoliberalism and globalization, it proposes a 21st century programme for the social railway. 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

Jumping Through Hoops: Performing Gender in the 19th Century Circus, by Betsy Golden Kellem, reveals the hidden history of early female circus performers: boundary-breaking women like Lavinia Warren, known as the Queen of Beauty; to Millie-Christine McKoy, the Two-Headed Nightingale; to Patty Astley, the mother of the modern circus. These astounding female and gender-nonconforming artists wrestled snakes, performed magic tricks with electricity, and walked across waterfalls on tightropes, shattering taboos by performing in public. Betsy deftly explores how major forces in the long nineteenth century combined to create the uniquely American spectacle of the traveling circus. During the transformation of the circus from scrappy “mud shows” to a major international business, these extraordinary women challenged contemporary ideas of femininity, creating new possibilities for women far beyond the big top. Our guest is: Betsy Golden Kellem, who is a scholar of the unusual. She has served on the boards of the Barnum Museum and the Circus Historical Society, is the Emmy-winning host and writer of the Showman’s Shorts video series on P.T. Barnum, and writes for JSTOR Daily. An expert media and intellectual property attorney, she has taught at Yale and the University of Connecticut, and regularly speaks on the weirder corners of history and law. Our host is: Dr. Christina Gessler, who is a dissertation and writing coach, and a developmental editor for scholars in the humanities. She is the producer of the Academic Life podcast. Women’s History playlist for listeners: The World She Edited Witchcraft: A History in 13 Trials We Refuse Tomboy Dear Miss Perkins The Lost Journals of Sacajewea The Untold Life of Julia Chinn Smithsonian American Women Share And Share Alike The House on Henry Street Speaking While Female Sophonisba Breckinridge Remembering Lucille Never Caught Welcome to Academic Life, the podcast for your academic journey—and beyond! You can support the show by downloading and sharing episodes. Join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 275+ Academic Life episodes? Find them here. And thank you for listening! Learn more about your ad choices. Visit megaphone.fm/adchoices