New Books in Economic and Business History

Barcodes are about as ordinary as an object can be. Billions of them are scanned each day and they impact everything from how we shop to how we travel to how the global economy is managed. But few people likely give them more than a second thought. In a way, the barcode's ordinariness is the ultimate symbol of its success.However, behind the mundanity of the barcode lies an important history. Barcodes bridged the gap between physical objects and digital databases and paved the way for the contemporary Internet of Things, the idea to connect all devices to the web. They were highly controversial at points, protested by consumer groups and labor unions, and used as a symbol of dystopian capitalism and surveillance in science fiction and art installations.Jordan Frith's book Barcode (Bloomsbury, 2023) tells the story of the barcode's complicated history and examines how an object so crucial to so many parts of our lives became more ignored and more ordinary as it spread throughout the world.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 this episode, I talk to Vicki Howard and Sarah Elvins, both contributors to Volume 6 of the anthology A Cultural History of Shopping. Jon Stobart is the series editor, and Vicki Howard is the editor of Volume 6: A Cultural History of Shopping in the Modern Age. The chapters of this volume include: Practices and Processes, by Sarah Elvins, Spaces and Places, by Alison Hulme, Shoppers and Identities, by Joshua L. Carreiro, Luxury and Everyday, by Vicki Howard, Home and Family, by Helen Sheumaker, Visual and Literary Representations, by Angelica Michelis, Reputation, Trust and Credit, by Franck Cochoy, by Johan Hagberg and Hans Kjellberg, Governance, Regulation and the State, by Jan Logemann.Paula De La Cruz-Fernandez is a consultant, historian, and digital editor. Editor New Books Network en español. Edita CEO. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Imperial Commonwealth: Australia and the Project of Empire, 1867-1914 (Manchester University Press, 2023) by Dr. Wm. Matthew Kennedy tells the story of how from the late 1800s to the early 1900s, Australian settler colonists mobilised their unique settler experiences to develop their own vision of what 'empire' was and could be.Reinterpreting their histories and attempting to divine their futures with a much heavier concentration on racialized visions of humanity, white Australian settlers came to believe that their whiteness as well as their Britishness qualified them for an equal voice in the running of Britain's imperial project. Through asserting their case, many soon claimed that, as newly minted citizens of a progressive and exemplary Australian Commonwealth, white settlers such as themselves were actually better suited to the modern task of empire. Such a settler political cosmology with empire at its center ultimately led Australians to claim an empire of their own in the Pacific Islands, complete with its own, unique imperial governmentality.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 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity—with a dash of FOMO—would morph into a two-year, globe-spanning quest to understand the wizards behind the world’s new financial machinery. Faux’s investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for short) and a host of other crypto scammers, utopians, and overnight billionaires. Faux follows the trail to a luxury resort in the Bahamas, where SBF boldly declares that he will use his crypto fortune to save the world. Faux talks his way onto the yacht of a former child actor turned crypto impresario and gains access to “ApeFest,” an elite party headlined by Snoop Dogg, by purchasing a $20,000 image of a cartoon monkey. In El Salvador, Faux learns what happens when a country wagers its treasury on Bitcoin, and in the Philippines, he stumbles upon a Pokémon knockoff mobile game touted by boosters as a cure for poverty. And in an astonishing development, a spam text leads Faux to Cambodia, where he uncovers a crypto-powered human-trafficking ring. When the bubble suddenly bursts in 2022, Faux brings readers inside SBF’s penthouse as the fallen crypto king faces his imminent arrest. Fueled by the absurd details and authoritative reporting that earned Zeke Faux the accolade “our great poet of crime” (Money Stuff columnist Matt Levine), Number Go Up: Inside Crypto's Wild Rise and Staggering Fall (Crown, 2023) is the essential chronicle, by turns harrowing and uproarious, of a $3 trillion financial delusion.Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News.Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures thus far.Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam Smith wrote that, “Political economy belongs to no nation; it is of no country: it is the science of the rules for the production, the accumulation, the distribution, and the consumption of wealth.”However Adam Smith regarded the science of political economy, in practical terms, one is quite hard pressed to find a case where governments—be it an empire, republic, or nation—were completely left out of the picture. At least, that is how it’s been historically.Questions about how people and other types of entities organize and generate capital, AND the role that governments play in all of this, fill libraries. The ramifications of the dynamics and rules surrounding money have proved so consequential—and increasingly so, in our increasingly technologized world—that it is no surprise that historians have devoted much energy to the study of political economy. Political economy, in the broadest terms, is the subject of our conversation today. Today on History Ex we put two recent books that bring important perspectives to these questions in conversation with each other.In this conversation Philip Stern and Quinn Slobodian discuss:• Empire, Incorporated. The Corporations That Built British Colonialism (Belknap Press of Harvard University Press in 2023), by Philip J. Stern.• Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy (Metropolitan Books, 2023), by Quinn Slobodian.The periods of time being studied are centuries apart and marked by much innovation. Our authors find points of convergence as well as divergence in aims, methods, and outcomes of the people at the center of their books. Stern and Slobodian discuss methodologies and chronologies, the ideologies that animated their actors, how memory and history were mobilized in promoting various visions; they probe the historian’s perennial challenges of disentangling ideologies from interest, explain how similar actions in different historical contexts can demand different interpretations; and more.Philip Stern is an associate professor of History at Duke University in Durham, North Carolina. His work focuses on various aspects of the legal, political, intellectual, and business histories that shaped the British Empire. He is also the author of The Company-State: Corporate Sovereignty and the Early Modern Foundations of the British Empire in India (Oxford University Press, 2011) and many other scholarly works.Quinn Slobodian is a professor of the history at Wellesley College in Massachusetts. He is also the author of the award-winning Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018), which has been translated into six languages, and a frequent contributor to the Guardian, New Statesman, The New York, Times, Foreign Policy, Dissent and the Nation.Erika Monahan is the author of The Merchants of Siberia: Trade in Early Modern Eurasia (Cornell UP, 2016) and a 2023-2024 Alexander von Humboldt Fellow. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1644, after close to three centuries of relative stability and prosperity, the Ming dynasty collapsed. Many historians attribute its demise to the Manchu invasion of China, but the truth is far more profound. The Price of Collapse: The Little Ice Age and the Fall of Ming China (Princeton UP, 2023) provides an entirely new approach to the economic and social history of China, exploring how global climate crisis spelled the end of Ming rule.The mid-seventeenth century witnessed the deadliest phase of the Little Ice Age, when temperatures and rainfall plunged and world economies buckled. Timothy Brook draws on the history of grain prices to paint a gripping portrait of the final tumultuous years of a once-great dynasty. He explores how global trade networks that increasingly moved silver into China may have affected prices and describes the daily struggle to survive amid grain shortages and famine. By the early 1640s, as the subjects of the Ming found themselves caught in a deadly combination of cold and drought that defied all attempts to stave off disaster, the Ming price regime collapsed, and with it the Ming political regime.A masterful work of scholarship, The Price of Collapse reconstructs the experience of ordinary people under the immense pressure of unaffordable prices as their country slid from prosperity to calamity and shows how the market mediated the relationship between an empire and the climate that turned against it.Huijun Mai is an Assistant Professor in Medieval Chinese Studies at the University of California, Los Angeles. Learn more about your ad choices. Visit megaphone.fm/adchoices

For a century, magazines were the authors of culture and taste, of intelligence and policy - until they were overthrown by the voices of the public themselves online. Magazine (Bloomsbury, 2023) by Jeff Jarvis, part of the Object Lessons series is a tribute to all that magazines were.From their origins in London and on Ben Franklin's press; through their boom - enabled by new technologies - as creators of a new media aesthetic and a new mass culture; into their opulent days in advertising-supported conglomerates; and finally to their fall at the hands of the internet. This tale is told through the experience of a magazine founder, the creator of Entertainment Weekly at Time Inc., who was also TV critic at TV Guide and People and finally an executive at Condé Nast trying to shepherd its magazines into the digital age.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

Through the colorful world of Berlin’s grand hotels, this book charts a new history of German liberalism and explores the changing relationships among big business, society, and politics. Behind imposing facades, managers and workers were often the picture of orderly and harmonious service, despite living in sometimes uncomfortable proximity. Then, during World War I, class tensions rose to the surface and failed to resolve in the following years. Doubting the ability of the Weimar Republic to contain these conflicts, a group of hotel owners, some of the most prominent Jewish industrialists and financiers in the country, chose to let Adolf Hitler use their hotel, the Kaiserhof, as his Berlin headquarters in 1932. From a splendid suite opposite the chancellery, Hitler and his henchmen engineered the assumption of power, the death of the Weimar Republic, and the ruin of their hosts, the Kaiserhof’s owners: Jewish liberals now fleeing for their lives. Adam Bisno's book Big Business and the Crisis of German Democracy: Liberalism and the Grand Hotels of Berlin, 1875-1933 (Cambridge UP, 2023) asks how this came about and explores the decision-making processes that produced such catastrophic consequences.Lea Greenberg is an editor, translator, and scholar of German and Jewish studies. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this interview James Fenelon discusses his new book entitled Indian, Black and Irish: Indigenous Nations, African Peoples, European Invasions, 1492-1790, recently published with Routledge (2023).The book traces 500 years of European-American colonization and racialized dominance, expanding our common assumptions about the ways racialization was used to build capitalism and the modern world-system. Professor Fenelon draws on personal experience and the agency of understudied Native (and African) resistance leaders, to weave a story too often hidden or distorted in the annals of the academy, that remains invisible at many universities and historical societies. Fenelon identifies three epochs of racial constructions, colonialism, and capitalism that created the USA. Indigenous nations, the first to be racialized on a global scale, African peoples, enslaved and brought to the Americas, and European immigrants. It offers a sweeping analysis of the forces driving the invasion, occupation, and exploitation of Native America and the significance of labor in American history provided by Indigenous people, Africans, and immigrants, specifically the Irish. Indian, Black and Irish makes major contributions toward a deeper understanding of where Supremacy and Sovereignty originated from, and how our modern world has used these socio-political constructions, to build global hegemony that now threatens our very existence through wars and climate change. It will be a vital resource to those studying history, colonialism, race and racism, labor history, and indigenous peoples.James Fenelon is Professor of Sociology and Director of the Center for Indigenous Peoples Studies at California State University, San Bernardino. He is also currently the Lang Visiting Professor for Issues of Social Change at Swarthmore College. His books include Redskins? Sports Mascots, Indian Nations and White Racism, Indigenous Peoples and Globalization (with Thomas D. Hall), and Culturicide, Resistance and Survival of the Lakota (Sioux Nation).Indian, Black and Irish: Indigenous Nations, African Peoples, European Invasions, 1492-1790, is published with RoutledgeAidan Beatty is a lecturer in the history department at Carnegie Mellon University Learn more about your ad choices. Visit megaphone.fm/adchoices