New Books in Economic and Business History

In the Shadow of War and Empire: Industrialisation, Nation-Building, and Working-Class Politics in Turkey (Brill, 2023) offers a site-specific history of Ottoman and Turkish industrialization through the lens of a mid-nineteenth-century cotton factory in the “Turkish Manchester,” the name chosen by the Ottomans for the industrial complex they built in the 1840s in Istanbul, which, in the contemporary words of one of the country’s most prominent contemporary Marxist theorists, became “the secret to and the basis of Turkish capitalism" in the 1930s.This book is available open access here. Görkem Akgöz is is a post-doc researcher at Humboldt University and a lecturer at Albert-Ludwigs-University Freiburg.Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Confederate States of America was born in defense of slavery and, after a four-year struggle to become an independent slaveholding republic, died as emancipation dawned. Between Fort Sumter to Appomattox, Confederates bought and sold thousands African American men, women, and children. These transactions in humanity made the internal slave trade a cornerstone of Confederate society, a bulwark of the Rebel economy, and a central part of the experience of the Civil War for all inhabiting the American South.An Unholy Traffic: Slave Trading in the Civil War South (Oxford UP, 2024) shows, slave trading helped Southerners survive and fight the Civil War, as well as to build the future for which they fought. They mitigated the crises the war spawned by buying and selling enslaved people, using this commerce to navigate food shortages, unsettled gender roles, the demands of military service, and other hardships on the homefront. Some Rebels speculated wildly in human property, investing in slaves to ward off inflation and to buy shares in the slaveholding nation they hoped to create. Others traded people to counter the advance of emancipation. Given its centrality to their nationhood, Confederates went to great lengths to prolong the slave trade, which, in turn, supported the Confederacy. For those held in slavery, the surviving slave trade dramatically shaped their pursuit of freedom, inserting a retrograde movement into some people's journeys toward liberty while inspiring others to make the risky decision to escape.Offering an original perspective on the intersections of slavery, capitalism, the Civil War, and emancipation, Robert K.D. Colby illuminates the place of the peculiar institution within the Confederate mind, the ways in which it underpinned the CSA's war effort, and its impact on those attempting to seize their freedom.Omari Averette-Phillips is a doctoral student in the Department of History at UC Davis. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Decisions to go to war are often framed in cost-benefit terms, and typically such assessments do not factor in longer term costs. However, recent dramatic improvements in American military medicine have had an unanticipated effect: saving more soldiers' lives has vastly increased long-term, downstream costs of war with profound consequences for global politics in an era of heightened great power competition.In Military Medicine and the Hidden Costs of War (Oxford UP, 2024), Tanisha Fazal traces the modern history of medical treatment and casualty rates in American conflicts from the Civil War to the more recent counterinsurgency wars. As she shows, wars became increasingly survivable for wounded troops, to the point now where a large majority of wounded soldiers survive. Yet the human and financial implications of this steep increase in the wounded-to-killed ratio are dramatic, and her powerful analysis of this shift provides a necessary corrective to how we understand the costs of war. For each major conflict, Fazal analyzes the weapons used, injuries sustained, and policies put in place for veterans' care and pensions. As she argues, these improvements have significant financial and deeply personal implications for the returned wounded and their families, as well as the US government and its citizenry. Fazal's analysis highlights the significance of policymakers underestimating the costs of war, which in turn makes it easier both to initiate and continue military action abroad, contributing to Americas' penchant for engaging in so-called "endless wars."Tanisha Fazal is a Professor of Political Science at the University of Minnesota. Her scholarship focuses on sovereignty, international law, and armed conflict. In addition to her new book, she is the author of two award-winning books and numerous articles in academic and policy journals. From 2021-2023, she was an Andrew Carnegie FellowLamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1647, the French author Étienne Cleirac asserted in his book Les us, et coustumes de la mer that the credit instruments known as bills of exchange had been invented by Jews. In The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of European Commercial Society (Princeton University Press, 2019), Francesca Trivellato draws upon the economic, cultural, intellectual, and business history of the period to trace the origin of this myth and what its usage in early modern Europe reveals about contemporary views of both commerce and Judaism. Trivellato begins by explaining the development of bills of exchange in the Middle Ages as a means of transferring funds across long distances, ones which helped the expansion of international trade. Though used by both Christians and Jews, concerns about crypto-Judaism among converted Christians in the town of Bordeaux where Cleirac lived may have been key to his belief in their association with the bills. From Cheirac’s book the myth then spread throughout much of western and central Europe during the 18th and 19th centuries, where it was used both to support anti-Semitic views and as examples by philo-Semitic writers such as Montesquieu of the superior commercial ability of Jews. Learn more about your ad choices. Visit megaphone.fm/adchoices

The astonishing behind-the-scenes story of the 1963 film Cleopatra and how it changed the face of Hollywood makes it one of the most fabled films of all time. Starring Elizabeth Taylor and Richard Burton, the film’s making soon became a cautionary tale, for the lavish extravagance of production on Cleopatra all but bankrupted 20th Century Fox and almost singlehandedly set in motion the decline of the major Hollywood movie studios. By the time the film was finally released, 20th Century Fox and the world watched as it died at the box office. Cleopatra and the Undoing of Hollywood: How One Film Almost Sunk the Studios (History Press, 2023) is an epic tale of love and lust, gossip, money, sex, movie-star madness, studio politics, and the birth of paparazzi journalism. Within the saga of Cleopatra lies the end of the era of Hollywood's studio system, the seeds of the Swinging Sixties, and the stuff of timeless movie legend.Patrick Humphries has been a writer and journalist for over forty years and has published numerous books on musical artists such as the Rolling Stones, Bob Dylan, Elton John, Pink Floyd, and Bruce Springsteen.Latoya Johnson is an editor, writer, and bibliophile with a master's in Humanities. Her research and writing delve into various aspects of popular culture. She is particularly interested in exploring the public history of women's fiction and the portrayal of femme characters in Greco-Roman mythology. Learn more about your ad choices. Visit megaphone.fm/adchoices

In many countries, property law grants equal rights to men and women. Why, then, do women still accumulate less wealth than men? Combining quantitative, ethnographic, and archival research, The Gender of Capital: How Families Perpetuate Wealth Inequality (Harvard UP, 2023) explains how and why, in every class of society, women are economically disadvantaged with respect to their husbands, fathers, and brothers. The reasons lie with the unfair economic arrangements that play out in divorce proceedings, estate planning, and other crucial situations where law and family life intersect.Céline Bessière and Sibylle Gollac argue that, whatever the law intends, too many outcomes are imprinted with unthought sexism. In private decisions, old habits die hard: families continue to allocate resources disproportionately to benefit boys and men. Meanwhile, the legal profession remains in thrall to assumptions that reinforce gender inequality. Bessière and Gollac marshal a range of economic data documenting these biases. They also examine scores of family histories and interview family members, lawyers, and notaries to identify the accounting tricks that tip the scales in favor of men.Women across the class spectrum—from poor single mothers to MacKenzie Scott, ex-wife of Amazon billionaire Jeff Bezos—can face systematic economic disadvantages in divorce cases. The same is true in matters of inheritance and succession in family-owned businesses. Moreover, these disadvantages perpetuate broader social disparities beyond gender inequality. As Bessière and Gollac make clear, the appropriation of capital by men has helped to secure the rigid hierarchies of contemporary class society itself.Céline Bessière is Professor of Sociology at the University of Paris-Dauphine.Sibylle Gollac is a researcher in sociology at the National Centre for Scientific Research. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the early nineteenth century, the American commercial marketplace was a chaotic, unregulated environment in which knock-offs and outright frauds thrived. Appearances could be deceiving, and entrepreneurs often relied on their personal reputations to close deals and make sales. Rapid industrialization and expanding trade routes opened new markets with enormous potential, but how could distant merchants convince potential customers, whom they had never met, that they could be trusted? Through wide-ranging visual and textual evidence, including a robust selection of early advertisements, Branding Trust: Advertising and Trademarks in Nineteenth-Century America (University of Pennsylvania Press, 2023) by Dr. Jennifer M. Black tells the story of how advertising evolved to meet these challenges, tracing the themes of character and class as they intertwined with and influenced graphic design, trademark law, and ideas about ethical business practice in the United States.As early as the 1830s, printers, advertising agents, and manufacturers collaborated to devise new ways to advertise goods. They used eye-catching designs and fonts to grab viewers’ attention and wove together meaningful images and prose to gain the public’s trust. At the same time, manufacturers took legal steps to safeguard their intellectual property, formulating new ways to protect their brands by taking legal action against counterfeits and frauds. By the end of the nineteenth century, these advertising and legal strategies came together to form the primary components of modern branding: demonstrating character, protecting goodwill, entertaining viewers to build rapport, and deploying the latest graphic innovations in print. Trademarks became the symbols that embodied these ideas—in print, in the law, and to the public.Branding Trust thus identifies and explains the visual rhetoric of trust and legitimacy that has come to reign over American capitalism. Though the 1920s has often been held up as the birth of modern advertising, Dr. Black argues that advertising professionals had in fact learned how to navigate public relations over the previous century by adapting the language, imagery, and ideas of the American middle class.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

Histories of North Korea typically focus on one man — Kim Il Sung — and one narrative — his grand rise to absolute power. Andre Schmid’s new book, North Korea's Mundane Revolution: Socialist Living and the Rise of Kim Il Sung, 1953-1965 (University of California Press, 2024), tells a much more complex and richly textured story. Moving away from the focus on Kim Il Sung, Schmid looks at how the Korean population participated in party-state projects to create “New Living”: a quest for a better life, realized through socialism. Each part of North Korea’s Mundane Revolution focuses on a question that was central to a different aspect of New Living: How to self-improve? How to build more efficiently? How to make a happy family home? How to consume properly? In exploring these questions, Schmid looks at a wide range of overlooked sources, especially North Korean magazines and journals, complete with tongue-in-cheek cartoons and photographs. Wonderfully nuanced, empirically rich, and utterly compelling, this book not only sheds light on the origins of North Korea's durability, but it does so through a fascinating history of unhappy housewives and prefabricated apartments. North Korea’s Mundane Revolution is sure to appeal to those interested in Korean history and global histories of gender, socialist revolution, and print culture, as well as anyone who has ever wondered "How do you do North Korean history?"And if you want to read more about this book before diving in, you should check out how it fares at the ‘The Page 99 Test,’ here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guilds were prominent in medieval and early modern Europe, but their economic role has seldom been studied. In The European Guilds: An Economic Analysis (Princeton University Press, 2019), Sheilagh Ogilvie offers a wide-ranging examination of what guilds did and how they affected pre-modern economies. As Ogilvie explains, guilds were particularized institutions which created and enforced privileges for their members while denying them to outsiders. This authority was granted to them by rulers and governments, and depended on their intricate relationship with the public authorities. Their privileges entitled guilds to determine who could participate in a profession, the quality of the items their members produced, and the technological innovations their members could adopt. Ogilvie looks at all aspects of guild activities to show their wide-ranging impact on the economies of their time, and the ways they pursued their members’ interests even when it stifled growth for the rest of society. Learn more about your ad choices. Visit megaphone.fm/adchoices

The creation of the postwar welfare state in Great Britain did not represent the logical progression of governmental policy over a period of generations. As George R. Boyer details in The Winding Road to the Welfare State: Economic Insecurity and Social Welfare Policy in Britain (Princeton University Press, 2019), it only emerged after decades of different legislative responses to the problems of poverty that reflected shifting societal attitudes on the subject. As Boyer explains, welfare policy in the early 19th century primarily consisted of cash or in-kind payments provided for people living in their homes. This changed with the Poor Law Amendment Act of 1834, which replaced it with the infamous workhouse system. Though this brought down expenditures on the poor, the expectation that poverty was being reduced was belied by a series of reports at the end of the century which exposed the extent of urban poverty to a shocked nation. In response, the Liberal governments of the early 20th century passed a series of laws that established unemployment insurance and pensions for the elderly. While these expanded considerably the role of the state in providing for the poor, Boyer demonstrates that they fell well short of a comprehensive system, one which William Beveridge detailed in a famous 1942 report that served as the blueprint for the legislation passed by the Labour government after the Second World War. Learn more about your ad choices. Visit megaphone.fm/adchoices