New Books in Economic and Business History

Privilege, Economy and State in Old Regime France: Marine Insurance, War and the Atlantic Empire Under Louis XIV (Boydell Press, 2023) closely analyses the rise and fall of Louis XIV's marine insurance institutions in Paris, which were central to the French monarchy's efforts to stimulate commerce, colonial enterprise and economic growth. These institutions were the projects of two leading ministers, Jean-Baptiste Colbert and his son, the Marquis de Seignelay. While both men recognised that marine insurance was crucial for protecting commercial investment in French maritime endeavours, Colbert looked to private enterprise to lure capital away from passive investments in state debt towards the marine insurance industry. Seignelay, by contrast, leveraged the tools of privilege on which the French economy was built by creating the first chartered company in the history of marine insurance. In exploring the global insurance portfolios of the men and women who joined these institutions - and the conflicts that arose when maritime incidents came into dispute - the book identifies the absolute monarchy itself as the source of the institutions' struggles. While the markets of Amsterdam and London thrived in the long run, Parisian insurers were made to bear the burden of maritime and colonial losses during Louis XIV's costly wars to make up for the state's inadequate protection of French shipping, the French Atlantic empire and the Parisian market. This encapsulates, the book argues, the overarching system of risk management that lay at the heart of absolutism itself.This book emerged from Wade´s prize-winning dissertation: "Privilege at a Premium: Insurance, Maritime Law and Political Economy in Early Modern France, 1664-c. 1710" (University of Exeter, 2021).Lewis Wade is a Marie Skłodowska-Curie Postdoctoral Fellow at Leiden University. His doctoral thesis was the recipient of the British Commission for Maritime History’s Boydell & Brewer Prize for the best doctoral thesis in maritime history and the Association of Business Historians’ Coleman Prize for the best doctoral thesis in business history..This book is available open access here.Also mentioned in the podcast is:Harris, R., Going the Distance: Eurasian Trade and the Rise of the Business Corporation, 1400-1700 (Princeton UP, 2020).  Learn more about your ad choices. Visit megaphone.fm/adchoices

Before she became the host and star of Violent Majorities, the RTB series on Israeli and Indian ethnonationalism, Ajantha Subramanian sat down with Elizabeth and John to discuss The Caste of Merit: Engineering Education in India (Harvard UP, 2019). It is much more than simply an historical and ethnographic study of the elite Indian Institutes of Technology. Ajantha talked to JP and EF about the language of “merit” and the ways in which it can conceal the continuing relevance of caste (and class, and race) privilege–in India, yes, but also in American and other meritocratic democracies as well.The wide-ranging discussion explored how inequality gets reproduced, passed on and justified. Caste–often framed as a fundamentally “Eastern” form of difference–not only seems to have a lot in common with race, but also shares a history through colonial, plantation-based capitalism. This may explain some of the ways “merit” has also made race (and class) disparities invisible in the United States. This helps explain ways in which dominant groups excoriate the “identity politics” of those seeking greater access to privileged domains, and claim their own independence from “ascriptive” identities--while silently relying on the privilege and other hidden advantages of particular racial or caste-based forms of belonging.The companion text for this episode--Privilege by Shamus Khan--addresses very similar issues in the elite high school where he was a student, teacher and sociological researcher, St. Paul’s School. Khan traces a shift over the past decades (we argued a bit about the time frame) from a conception of privilege defined by maintaining boundaries, to one based on the privileged person’s capacity to move with ease through all social contexts.Discussed in this episode: Ajantha Subramanian, Shorelines: Space and Rights in South India Anthony Abraham Jack, The Privileged Poor : How Elite Colleges Are Failing Disadvantaged Students Nicholas Lehmann, The Big Test John Carson, The Measure of Merit Anthony Trollope, Phineas Finn Jennifer Ruth, Novel Professions Lauren Goodlad, Victorian Literature and the Victorian State Donna Tartt, The Secret History Sujatha Gidla, Ants Among Elephants: An Untouchable Family and the Making of Modern India Listen and Read Here Learn more about your ad choices. Visit megaphone.fm/adchoices

In the late 1970s, Hollywood producers took the published biography of Crystal Lee Sutton, a white southern textile worker, and transformed it into a blockbuster 1979 film, Norma Rae, featuring Sally Field in the title role. This fascinating book reveals how the film and the popular icon it created each worked to efface the labor history that formed the foundation of the film's story. Drawing on an impressive range of sources--union records, industry reports, film scripts, and oral histories--Aimee Loiselle's cutting-edge scholarship shows how gender, race, culture, film, and mythology have reconfigured and often undermined the history of the American working class and their labor activism. While Norma Rae constructed a powerful image of individual defiance by a white working-class woman, Loiselle's Beyond Norma Rae: How Puerto Rican and Southern White Women Fought for a Place in the American Working Class (University of North Carolina Press, 2023) demonstrates that female industrial workers across the country and from diverse racial backgrounds understood the significance of cultural representation and fought to tell their own stories. Loiselle painstakingly reconstructs the underlying histories of working women in this era and makes clear that cultural depictions must be understood as the complicated creations they are.Aimee Loiselle is assistant professor of history at Central Connecticut State University.Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Christopher Corker's The Business and Technology of the Sheffield Armaments Industry, 1900-1930 (U of York, 2016) focuses on four in-depth case studies of John Brown, Cammell-Laird, Thomas Firth and Hadfields to examine the business and technology of the industry. It builds on the work of Tweedale and Trebilcock on Sheffield and armaments, and advances the argument that during the period of study from 1900 to 1930, the city was one of the most important centres for armaments research and production anywhere in the world. The business of the armaments industry is explored through an examination of the evolving links the industry had with the Government against the backdrop of an uncertain trading environment, and the managerial connections established between the state and private industry. Also explored are the collaborative, collusive and independent defensive measures enacted by the industry to counter uncertainty in the industry, through collaborative business arrangements and various approaches to entering international markets for armaments. An examination of the business of the armaments industry also highlights the value of the technological investment made by the industry. At the centre of exploring the technology of the armaments industry, a reconstruction of its technological history is undertaken using patent and archival records, highlighting the nuances and research dead-ends of development in the industry. Of central importance is the notion of spin-off and the interactions between armaments and metallurgical developments in the creation of a pool of knowledge to be utilised for future research into alloy steels, and the notion of path-dependent technological research. Also advanced is the concept of an innovation system centred on Sheffield, and an exploration of the important national and international links advanced by the industryThis title is available open access here. Chris is a business historian, and Lecturer in Management at the School for Business and Society at the University of York, where he is a former Director of Undergraduate Programmes. He completed his PhD in 2016, and won the 2017 Coleman Prize from the Association of Business Historians for excellence in new business history research, and an Emerald Literati Prize in 2019. His current research is on innovation and knowledge in industrial clusters, in particular the business and intellectual history of Stainless Steel, which has been supported by a small grant from the Business Archives Council. Outside of academia Chris is an advisor to Sheffield Archives, member of the Joined Up Heritage Sheffield Partnership Board, and former Chair of Portland Works Little Sheffield, a social enterprise housed in a 19th Century cutlery works. His work has also been featured on BBC Radio 3's Free Thinking.Also discussed during the podcast Chris Corker, ‘Continuity and Change in the Sheffield Armaments Industry 1919-1930’, Journal of Management History, Vol. 24, No.2, pp.174-188, 2018. Wilson, J.F., Corker, C., and Lane, J.P. (Eds), Industrial Clusters in the UK: Knowledge, Innovation Systems and Sustainability (Routledge, 2022). Learn more about your ad choices. Visit megaphone.fm/adchoices

In the pursuit of socialism, Cuba became Latin America’s most oil-dependent economy. When the Soviet Union collapsed, the country lost 86 percent of its crude oil supplies, resulting in a severe energy crisis. In the face of this shock, Cuba started to develop a low-carbon economy based on economic and social reform rather than high-tech innovation.The Low-Carbon Contradiction: Energy Transition, Geopolitics, and the Infrastructural State in Cuba (University of California Press, 2023) by Dr. Gustav Cederlöf examines this period of rapid low-carbon energy transition, which many have described as a “Cuban miracle” or even a real-life case of successful “degrowth.” Working with original research from inside households, workplaces, universities, and government offices, Dr. Cederlöf retells the history of the Cuban Revolution as one of profound environmental and infrastructural change. In doing so, he opens up new questions about energy transitions, their politics, and the conditions of a socially just low-carbon future. The Cuban experience shows how a society can transform itself while rapidly cutting carbon emissions in the search for sustainability.This interview was conducted by Dr. Miranda Melcher whose forthcoming 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

IBM was the world's leading provider of information technologies for much of the twentieth century. What made it so successful for such a long time, and what lessons can this iconic corporation teach present-day enterprises?James W. Cortada--a business historian who worked at IBM for many years--pinpoints the crucial role of IBM's corporate culture. He provides an inside look at how this culture emerged and evolved over the course of nearly a century, bringing together the perspectives of employees, executives, and customers around the world. Through a series of case studies, Inside IBM: Lessons of a Corporate Culture in Action (Columbia Business School, 2023) explores the practices that built and reinforced organizational culture, including training of managers, employee benefits, company rituals, and the role of humor. It also considers the importance of material culture, such as coffee mugs and lapel pins.Cortada argues that IBM's corporate culture aligned with its business imperatives for most of its history, allowing it to operate with a variety of stakeholders in mind and not simply prioritize stockholders. He identifies key lessons that managers can learn from IBM's experience and apply in their own organizations today. This engaging and deeply researched book holds many insights for business historians, executives and managers concerned with stakeholder relations, professionals interested in corporate culture, and IBMers.James W. Cortada is a senior research fellow at the Charles Babbage Institute, University of Minnesota-Twin Cities. He spent nearly forty years at IBM in various sales, consulting, management, and executive positions.Other NBN interviews with the same author include "The Birth of Modern Facts" and "IBM: The Rise, Fall and Reinvention of a Global Icon". Learn more about your ad choices. Visit megaphone.fm/adchoices

Often cited but rarely studied in their own right, family directories allow a reconsideration of how ancestry and genealogy became an object of widespread commercialization across the eighteenth century. These directories replaced the expensive, locally-produced, early modern artefacts (tombs, windowpanes, illuminated pedigrees), and began to reach a wide audience of readers in the British Isles and the colonies. In Selling Ancestry: Family Directories and the Commodification of Genealogy in Eighteenth Century Britain (Oxford University Press, 2023), Dr. Stéphane Jettot offers an insight into the cumulative process leading to the creation of these hybrid products — a combination of court almanacks, county histories, and town directories. Employed by contemporaries as reference tools to navigate through a dynamic and changing society, they could be used as a means to probe contemporary attitudes towards social status and political events. Published by the most prominent London booksellers who shared their copyrights among themselves, they relied on the considerable involvement of thousands of families in the counties.In their correspondence with publishers, many new and old elites desired to insert their own narrative into a general history of Britain by dispatching documents, quotations, and anecdotes. Based on a unique source-base, this book provides a systematic review of these directories, their production, and sale, but also their potential role in shaping the character of social change. Dr. Jettot demonstrates the wider ramifications of genealogy and its structural ability to reinvent itself, associate amateurs and antiquarians alike, and thrive on the wavering lines between facts and fiction, offering an exciting and unique insight into the social history of eighteenth-century Britain.This interview was conducted by Dr. Miranda Melcher whose forthcoming 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 his new book Enterprising Empires: Russia and Britain in Eighteenth-Century Eurasia (Cambridge University Press), Matthew Romaniello examines the workings of the British Russia Company and the commercial entanglements of the British and Russian empires in the long eighteenth century.This innovative and highly readable monograph challenges the long-held views of Russian economic backwardness in the early modern period and stresses the importance of personal histories and individual agency in global economic dynamics. By focusing on diplomatic and commercial careers of a fascinating set of characters, Romaniello charts vibrant knowledge and information-sharing networks that were essential for the success of both empires in the Eurasian economic and geopolitical arenas.A non-conventional economic history, Enterprising Empires traverses the micro-historical and the macro-economic to reevaluate Russian commercial prowess before 1800 and illuminate an overlooked area of Anglo-Russian cooperation and rivalry.Matthew Romaniello is an Associate Professor of History at Weber State University and a historian of the Russian empire, commodities, and medicine. He is currently the editor of The Journal of World History and the former editor of Sibirica: Interdisciplinary Journal of Siberian Studies.Vladislav Lilić is a doctoral candidate in Modern European History at Vanderbilt University. His research focuses on the place and persistence of quasi-sovereignty in late Ottoman and post-Ottoman Southeastern Europe. Vladislav’s other fields of interest include the socio-legal history of empire, global history of statehood, and the history of international thought. You can reach him at vladislav.lilic@vanderbilt.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices

By putting the Midwest at the center of Vast Early America, University of Illinois historian Robert Morrissey reconfigures the power dynamics in the story of North America during the era of colonialism. In his award-winning People of the Ecotone: Environment and Indigenous Power at the Center of Early America (U Washington Press, 2022), Morrissey tells a story that centers the edge - the places where the vast American prairies meet the forests of the Great Lakes. This "ecotone" region is a zone of environmental wealth and dynamism, where successive Native societies were able to build powerful societies based on an understanding of the region's ecologies. Rather than European empires of eastern Native people like the Iroquois acting upon people at the center of the continent, Morrissey centers the Meskwaki, the Illiniwek, and other groups usually kept at the margins of the story. By combining ethnohistory, environmental history, and colonial history, People of the Ecotone tells a genuinely new story that shifts our perspective of who and what matters in early American history in unexpected ways.Dr. Stephen R. Hausmann is an assistant professor of history at the University of St. Thomas in Minnesota and is the Assistant Director of the American Society for Environmental History. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bands like R.E.M., U2, Public Enemy, and Nirvana found success as darlings of college radio, but the extraordinary influence of these stations and their DJs on musical culture since the 1970s was anything but inevitable. As media deregulation and political conflict over obscenity and censorship transformed the business and politics of culture, students and community DJs turned to college radio to defy the mainstream—and they ended up disrupting popular music and commercial radio in the process. In Live from the Underground: A History of College Radio (UNC Press, 2023), Katherine Rye Jewell reveals that these eclectic stations in major cities and college towns across the United States owed their collective cultural power to the politics of higher education as much as they did to upstart bohemian music scenes coast to coast.Jewell uncovers how battles to control college radio were about more than music—they were an influential, if unexpected, front in the nation’s culture wars. These battles created unintended consequences and overlooked contributions to popular culture that students, DJs, and listeners never anticipated. More than an ode to beloved stations, this book will resonate with both music fans and observers of the politics of culture. Learn more about your ad choices. Visit megaphone.fm/adchoices