New Books in Economic and Business History

What roles did Americans play in the expanding global empires of the nineteenth century? In The China Firm: American Elites and the Making of British Colonial Society (Columbia University Press, 2024), Thomas M. Larkin examines the Hong Kong–based Augustine Heard & Company, the most prominent American trading firm in treaty-port China, to explore the ways American elites at once made and were made by British colonial society. Following the Heard brothers throughout their firm’s rise and decline, The China Firm reveals how nineteenth-century China’s American elite adapted to colonial culture, helped entrench social and racial hierarchies, and exploited the British imperial project for their own profit as they became increasingly invested in its political affairs and commercial networks.Through the central narrative of Augustine Heard & Co., Larkin disentangles the ties that bound the United States to China and the British Empire in the nineteenth century. Drawing on a vast range of archival material from Hong Kong, China, Boston, and London, he weaves the local and the global together to trace how Americans gained acceptance into and contributed to the making of colonial societies and world-spanning empires. Uncovering the transimperial lives of these American traders and the complex ways extraimperial communities interacted with British colonialism, The China Firm makes a vital contribution to global histories of nineteenth-century Asia and provides an alternative narrative of British empire.Thomas Larkin in Assistant Professor of History at the University of Prince Edward Island. Twitter. Website.Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Seeding Empire: American Philanthrocapital and the Roots of the Green Revolution in Africa (University of California Press, 2024), Dr. Aaron Eddens rewrites an enduring story about the past—and future—of global agriculture. Dr. Eddens connects today's efforts to cultivate a "Green Revolution in Africa" to a history of American projects that introduced capitalist agriculture across the Global South. Expansive in scope, this book draws on archival records of the earliest Green Revolution projects in Mexico in the 1940s and 1950s, as well as interviews at development institutions and agribusinesses working to deliver genetically modified crops to millions of small-scale farmers across Africa. From the offices of the Bill and Melinda Gates Foundation to the halls of the world's largest agricultural biotechnology companies to field trials of hybrid maize in Kenya, Dr. Eddens shows how the Green Revolution fails to address global inequalities. Seeding Empire insists that eradicating hunger in a world of climate crisis demands thinking beyond the Green Revolution.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

In The Green Power of Socialism: Wood, Forest, and the Making of Soviet Industrially Embedded Ecology (MIT Press, 2024), Elena Kochetkova examines the relationship between nature and humans under state socialism by looking at the industrial role of Soviet forests. The book explores evolving Soviet policies of wood consumption, discussing how professionals working in the forestry industry of the Soviet state viewed the present and future of forests by considering them both a natural resource and a trove of industrial material. The book also discusses how post-Soviet industry has abandoned these socialist practices and the idea of nature as a complicated ecosystem that provides a crucial service to society. Within the context of the current environmental crisis, the book invites readers to reevaluate state socialism as a complex phenomenon with sophisticated interactions between nature and industry. In so doing, it contributes a fresh perspective on the activities of socialist experts and their view of nature, shedding light on Soviet state industrial and environmental policy and its continuing legacy in the present day.Elena Kochetkova is Associate Professor in Modern European Economic History at the Department of Archeology, History, Cultural Studies and Religion at the University of Bergen. She served as a Secretary of the European Society of Environmental History from 2019 to 2021.Ailin Zhou is a PhD student in Film & Digital Media at University of California, Santa Cruz. Her research interests include transnational Chinese cinema, Asian diasporic visual culture, contemporary art, and feminist and queer theories. Learn more about your ad choices. Visit megaphone.fm/adchoices

European colonialism was often driven by the pursuit of natural resources, and the resulting colonisation and decolonization processes have had a profound impact on the formation of the majority of sovereign states that exist today. But how exactly have natural resources influenced the creation of formerly colonised states? And would the world map of sovereign states look significantly different if not for these resources?These questions are at the heart of Fueling Sovereignty: Colonial Oil and the Creation of Unlikely States (Cambridge University Press, 2024), which focuses primarily on oil as the most significant natural resource of the modern era. Dr. Naosuke Mukoyama provides a compelling analysis of how colonial oil politics contributed to the creation of some of the world's most “unlikely” states. Drawing on extensive archival sources on Brunei, Qatar and Bahrain, he sheds light on how some small colonial entities achieved independence despite their inclusion in a merger project promoted by the metropole and regional powers.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

In Record Cultures: The Transformation of the U.S. Recording Industry (University of Michigan Press, 2020), Kyle Barnett tells the story of the smaller U.S. record labels in the 1920s that created the genres later to be known as blues, country, and jazz.Barnett also engages the early recording industry as entertainment media, considering the ways in which sound recording, radio, and film converge in the late 1920s. Record Cultures explores Gennett Records and jazz; race records, with a focus on the African American-owned Black Swan Records, as well as the white-owned Paramount Records; the origins of old-time music as a category that will become country; the growth of radio; the intersections of music and film; and the recording industry’s challenges in the wake of the Great Depression.Kyle Barnett is Associate Professor of Media Studies in the Department of Communication at Bellarmine University.Kimberly Mack holds a Ph.D. in English from UCLA, and she is an Assistant Professor of African-American literature at the University of Toledo in Ohio. Her book, Fictional Blues: Narrative Self-Invention from Bessie Smith to Jack White, is forthcoming from the University of Massachusetts Press in December 2020. Mack is also a music critic who has contributed her work to national and international publications, including Music Connection, Relix, Village Voice, PopMatters, and Hot Press. She published a 2019 essay for Longreads titled “Johnny Rotten, My Mom, and Me.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Daniel Rachel's new book Too Much Too Young, the 2 Tone Records Story: Rude Boys, Racism, and the Soundtrack of a Generation (Akashic, 2024) presents the definitive history of 2 Tone Records. In 1979, 2 Tone Records exploded into the consciousness of music lovers in Britain, the US, and beyond, as albums by the Specials, the Selecter, Madness, the English Beat, and the Bodysnatchers burst onto the charts and a youth movement was born. 2 Tone was Black and white: a multiracial force of British and Caribbean musicians singing about social issues, racism, class, and gender struggles. It spoke of injustices in society and fought against rightwing extremism. It was exuberant and eclectic: white youths learning to dance to the infectious rhythm of ska and reggae, crossed with a punk attitude, to create an original hybrid.The idea of 2 Tone was born in Coventry, England, and masterminded by a middle-class art student, Jerry Dammers, who envisioned an English Motown. Dammers signed a slew of successful artists, and a number of successive hits propelled 2 Tone onto Top of the Pops and into the hearts and minds of a generation. However, infighting among the bands and the pressures of running a label caused 2 Tone to bow to the inevitable weight of expectation and recrimination. Over the following years, Dammers built the label back up again, entering a new phase full of fresh signings and a beautiful end-piece finale in the activist hit song “(Free) Nelson Mandela.”Told in three parts, Too Much Too Young is the definitive story of a label that for a brief, bright burning moment shaped British, American, and world culture. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is social mobility? In Social Mobility (Polity Press, 2023), Anthony Heath, an Emeritus Professor of Sociology at the University of Oxford and Yaojun Li, a Professor of Sociology at the University of Manchester, explore and explain this concept, setting out why the idea matters for both social scientists and the general reader. The book draws on a huge range of research, outlining the history of social mobility research, discussing central theories and approaches in sociology and economics, and detailing international comparisons and trends. The book highlights how social mobility is shaped by gender and ethnicity, along with the role of social class. Ultimately the book helps to explain who gets ahead in society and why; as a result the book will be essential reading across the social sciences, as well as for anyone interested in how society works. Learn more about your ad choices. Visit megaphone.fm/adchoices

Poverty is big business in America. The federal government spends about $900 billion a year on programs that directly or disproportionately impact poor Americans, including antipoverty programs such as the earned income tax credit, Medicaid, and affordable housing vouchers and subsidies. States and local governments spend tens of billions more. Ironically, these enormous sums fuel the “corporate poverty complex,” a vast web of hidden industries and entrenched private-sector interests that profit from the bureaucracies regulating the lives of the poor. From bail bondsmen to dialysis providers to towing companies, their business models depend on exploiting low-income Americans, and their political influence ensures a thriving set of industries where everyone profits except the poor, while U.S. taxpayers foot the bill.In Poverty for Profit: How Corporations Get Rich off America’s Poor (The New Press, 2024), veteran journalist Anne Kim investigates the multiple industries that infiltrate almost every aspect of the lives of the poor—health care, housing, criminal justice, and nutrition. She explains how these businesses are aided by public policies such as the wholesale privatization of government services and the political influence these industries wield over lawmakers and regulators. Supported by original investigative reporting on the lesser-known players profiting from the antipoverty industry, Poverty for Profit adds a crucial dimension to our understanding of how structural inequality and structural racism function today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dialysis is a medical miracle, a treatment that allows people with kidney failure to live when otherwise they would die. It also provides a captive customer for the dialysis industry, which values the steady revenues that come from critically required long-term care that is guaranteed by the government. Tom Mueller's six year deep dive into the dialysis industry has yielded his latest book, How to Make a Killing: Blood, Death, and Dollars in American Medicine (W. W. Norton, 2023). It's both an historical account of this lifesaving treatment and an indictment of the industry that is dominated by two for-profit companies that control ~80% of the market.  There is a precarious balance between ethical care for patients and the prioritization of profits for the providers, a tension that has led to ethical, political, and legal debates about the rationing and exploitation of life-saving care and quality of life. Dialysis services are desperately needed by patients who require the dangerous, uncomfortable, and exhausting treatments multiple times per week, and pay for it through complex insurance procedures.Tom Mueller’s book includes a vivid account of CEOs who lead their companies with messianic zeal to drive revenues continually up while simultaneously reducing the cost of care. He introduces us to the doctors charged with reducing those costs even at the expense of high-quality care and negative health outcomes. And we meet the patients themselves, who have little choice but to put their lives and well-being at the mercy of this system.How did a lifesaving medical breakthrough become a for-profit enterprise that threatens many of the people it’s meant to save? And who are the brave people -patients, doctors, and employees of the system who are willing to tell their stories despite tremendous pressure to remain silent? And why do we as Americans accept worse outcomes at higher costs than the rest of the world?Tom Mueller's highly readable yet devastating book illustrates the dialysis industry as a microcosm of American medicine. Mueller challenges us to find a solution for dialysis, an approach that could also provide the opportunity to begin fixing our country’s dysfunctional healthcare system and a fighting chance at restoring human health outcomes, rather than the extraction of profits, as its true purpose.To contact Tom Mueller, visit www.tommueller.coSuggested reading:  The Body's Keepers by Paul L. Kimmel, M.D. The Occasional Human Sacrifice: Medical Experimentation and the Price of Saying No by Carl Elliott Also mentioned:  How to Get Away with Merger by Thomas G. Wollman (NBER working paper, 2020) "How Acquisitions Affect Firm Behavior and Performance" by Eliason, Heebsh et al. (The Quarterly Journal of Economics, 2020) Learn more about your ad choices. Visit megaphone.fm/adchoices

The UAW's Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants (IRL Press, 2023) is the first in-depth assessment of the United Auto Workers' efforts to organize foreign vehicle plants (Daimler-Chrysler, Mercedes-Benz, Nissan, and Volkswagen) in the American South since 1989, an era when union membership declined precipitously. Stephen J. Silvia chronicles transnational union cooperation between the UAW and its counterparts in Brazil, France, Germany, and Japan and documents the development of employer strategies that have proven increasingly effective at thwarting unionization.Silvia shows that when organizing, unions must now fight on three fronts: at the worksite; in the corporate boardroom; and in the political realm. The UAW's Southern Gamble makes clear that the UAW's failed campaigns in the South can teach hard-won lessons about challenging the structural and legal roadblocks to union participation and effectively organizing workers within and beyond the auto industry.Stephen J. Silvia is a Professor at American University's School of International Service, where he teaches international economics, international trade relations, and comparative politics. He is the author of Holding the Shop Together. Learn more about your ad choices. Visit megaphone.fm/adchoices