New Books in Economic and Business History

Rainbow Trap: Queer Lives, Classifications and the Dangers of Inclusion (Bloomsbury, 2025) by Dr. Kevin Guyan reveals how the fight for LGBTQ equalities in the UK is shaped – and constrained – by the classifications we encounter every day. Looking across six systems – the police and the recording of hate crimes; dating apps and digital desire; outness in the film and television industry; borders and LGBTQ asylum seekers; health and fitness activities; and DEI initiatives in the workplace – Rainbow Trap documents how inclusive interventions – such as new legislation, revamped diversity policies and tech fixes – have attempted to bring historically marginalized communities out of the shadows.Yet, as part of the bargain, LGBTQ people need to locate themselves in an ever-growing list of classifications, categories and labels to 'make sense' to the very systems they are seeking to access. This requirement to be classified catches LGBTQ communities in a rainbow trap. Because when we look beyond the welcoming veneer of inclusive interventions, we uncover sorting processes that determine what LGBTQ lives are valued and what queer futures are possible. 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

As the crisis of democratic capitalism sweeps the globe, The Great Retreat: How Political Parties Should Behave and Why They Don't (Oxford University Press, 2025) makes the controversial argument that what democracies require most are stronger political parties that serve as intermediaries between citizens and governments. Once a centralizing force of the democratic process, political parties have eroded over the past fifty years. Parties now rank among the most unpopular institutions in society--less trusted than business, the police, and the media. Identification with parties has plummeted, and even those who are loyal to a party report feeling that parties care more about special interests than about regular citizens. What does a "good" political party look like? Why do we urgently need them? And how do we get them? The Great Retreat explores the development of political parties as democracy expanded across the West in the nineteenth century. It focuses in particular on mass parties, and the ways they served as intermediaries that fostered ties between citizens and governments. While parties have become professionalized and nationalized, they have lost the robust organizational density that made them effective representatives. After the Cold War, a neoliberal economic consensus, changes to campaign finance, and shifting party priorities weakened the party systems of Western democracies. As Didi Kuo argues, this erosion of political parties has contributed to the recent crisis of democratic capitalism, as weak parties have ceded governance to the private sector. For democracy to adapt to a new era of global capitalism, Kuo makes the case that we need strong intermediaries like mass parties--socially embedded institutions with deep connections to communities and citizens. Parties are essential to long-term democratic stability and economic growth, while the breakdown of party systems, on the other hand, has historically led to democratic collapse. As trust in political parties has plummeted, The Great Retreat provides a powerful defense of political parties--for without parties, democratic representation is impossible. Didi Kuo is Center Fellow at the Freeman Spogli Institute for International Studies at Stanford University. Caleb Zakarin is editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Pathogens of Finance: How Capitalism Breeds Vector-Borne Disease (University of California Press, 2025) by Dr. Brent Z. Kaup & Dr. Kelly F. Austin is an exploration of how the rising power and profits of Wall Street underpin the contemporary increases in and inadequate responses to vector-borne disease. Over the past fifty years, insects have transmitted infectious diseases to humans with greater frequency and in more unexpected places. To examine this phenomenon, Dr. Kaup and Dr. Austin take readers to the exurban homes of northern Virginia; the burgeoning agricultural outposts of Mato Grosso, Brazil; and the smallholder coffee farms of the Bududa District of eastern Uganda. Through these case studies, the authors illuminate how the broader financialization of society is intimately intertwined with both the creation of landscapes more conducive to vector-borne disease and the failure to prevent and cure such diseases throughout the world. 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

How to sustain an international system of cooperation in the midst of geopolitical struggle? Can the international economic and legal system survive today’s fractured geopolitics? Democracies are facing a drawn-out contest with authoritarian states that is entangling much of public policy with global security issues. In Global Discord: Values and Power in a Fractured World Order (Princeton University Press, 2024), Paul Tucker lays out principles for a sustainable system of international cooperation, showing how democracies can deal with China and other illiberal states without sacrificing their deepest political values. Drawing on three decades as a central banker and regulator, Tucker applies these principles to the international monetary order, including the role of the U.S. dollar, trade and investment regimes, and the financial system. Combining history, economics, and political and legal philosophy, Tucker offers a new account of international relations. Rejecting intellectual traditions that go back to Hobbes, Kant, and Grotius, and deploying instead ideas from David Hume, Bernard Williams, and modern mechanism-design economists, Tucker describes a new kind of political realism that emphasizes power and interests without sidelining morality. Incentives must be aligned with values if institutions are to endure. The connecting tissue for a system of international cooperation, he writes, should be legitimacy, creating a world of concentric circles in which we cooperate more with those with whom we share the most and whom we fear the least. Paul Tucker is a fellow at the Harvard Kennedy School and the author of Unelected Power (Princeton). He is a former central banker and regulator at the Bank of England, and a former director at Basel's Bank for International Settlements, where he chaired some of the groups designing reforms of the international financial system after the Global Financial Crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices

The eastern archipelagos stretch from Mindanao and Sulu in the north to Bali in the southwest and New Guinea in the southeast. Many of their inhabitants are regarded as “people without history”, while colonial borders cut across shared underlying patterns. Yet many of these societies were linked to trans-oceanic trading systems for millennia. Indeed, some of the world’s most prized commodities once came from territories which were either “stateless” or under the very tenuous control of loosely structured polities. Although individual regimes sought to control traffic, exchange between trans-regional or even trans-oceanic shippers and local communities was often direct, without mediation by overarching authorities. In Seaways and Gatekeepers: Trade and State in the Eastern Archipelagos of Southeast Asia, C.1600-c.1906 (NUS Press, 2021), trade provides the integrating framework for local and regional histories that cover more than 300 years, from the late 16th century to the beginning of the 20th, when new technologies and changing markets signaled Western dominance. The introduction considers theories from the social sciences and economics which can help liberate writers from dependence on states as narrative frameworks. Southeast Asian specialists can learn from this book, which ignores conventional geographic and temporal boundaries. It will also appeal to those working on wider themes such as global history, state formation, the evolution of markets and anthropology. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the relationship between medicine and commerce? In Selling Sexual Knowledge: Medical Publishing and Obscenity in Victorian Britain (Cambridge University Press, 2025), Sarah Bull, an Associate Professor in the Department of English at Toronto Metropolitan University, explores the relationships between doctors, sexual reform campaigners, publishers and pornography in the Victorian era. The book charts the struggle to differentiate and define medicine from ‘quackery’, in the context of the rise of commercial forms of publishing and demands for access to contraception. The book uses richly detailed materials, including books and newspapers, court cases, and case studies of the key players who defined the era, and the years that would follow. Challenging myths of sex and Victorian society, and offering a compelling picture of conflicts over key issues such as free speech, contraception, and professional identity, the book will be of wide interest across the arts and humanities, as well as for medicine and science, and is available open access here Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Manchester. Learn more about your ad choices. Visit megaphone.fm/adchoices

Peoples & Things host, Lee Vinsel, talks with Matt Wisnioski, Professor of Science, Technology, and Society at Virginia Tech, about his new book, Every American an Innovator: How Innovation Became a Way of Life. The pair talk about how the new book connects to Matt’s earlier book, Engineers for Change; how what Matt calls “innovation expertise” first emerged; how government played a key role in promoting the idea of innovation; how the idea of innovation was democratized from focusing on elite white men to focusing on women, people of color, children, and, well, everyone; and much more. Vinsel and Wisnioski also talk about Matt’s current book project with Michael Meindl, Associate Professor of Communication at Radford University - a history of the television show and multimedia product, The Magic School Bus. Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Blanc is an assistant professor of labor studies at Rutgers University, researching new workplace organizing, strikes, digital labor activism, and working-class politics. He is the author of Red State Revolt: The Teachers’ Strike Wave and Working-Class Politics (Verso 2019) and his writings have appeared in journals such as Politics & Society, New Labor Forum, and Labor Studies Journal as well as publications such as The Nation, The Guardian, and Jacobin. A longtime labor activist, Blanc is an organizer trainer in the Emergency Workplace Organizing Committee, which he helped co-found in March 2020. He directs The Worker to Worker Collaborative, a center to help unions and rank-and-file groups scale up their efforts by expanding their members’ involvement and leadership. For more information about organizing your workplace and the Emergency Workplace Organizing Committee you can click here: https://workerorganizing.org/ You can read more by Eric Blanc at https://www.laborpolitics.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

What do a barracks for British troops in the Falklands War, a floating jail off the Bronx, and temporary housing for VW factory workers in Germany have in common? The Balder Scapa: a single barge that served all three roles. Though the name would eventually change to Finnboda 12. And then to Safe Esperia. And later on, to the Bibby Resolution. And after that . . . in short, a vessel with so many names, and so many fates, that to keep it in our sights—as the protagonist of this fascinating economic parable—Ian Kumekawa has no choice but to call it, simply, the Vessel.Despite its sturdy steel structure, weighing 9,500 deadweight tons, the Vessel is a figure as elusive and abstract as the offshore market it comes to embody: a world of island tax havens, exploited labor forces, free banking zones, Thatcherism, Reaganomics, and mass incarceration, where even the prisoners are held offshore. Fitted with modular shipping containers, themselves the product of standardized global trade, the ship could become whatever the market demanded. Whether caught in an international dispute involving Hong Kong, Nigeria, Indonesia, and the Virgin Islands—to be settled in an English court of law—or flying yet another foreign “flag of convenience” to mask its ownership—the barge is ever a container for forces much larger than even its hulking self.Empty Vessel: The Story of the Global Economy in One Barge is a jaw-dropping microhistory that speaks volumes about the global economy as a whole. In following the Vessel—and its Sister Vessel, built alongside it in Stockholm—from one thankless task to the next, Kumekawa connects the dots of a neoliberal world order in the making, where regulation is for suckers and “Made in USA” feels almost quaint. Dr. Ian Kumekawa is a historian of economic thinking, capitalism, and empire. He is currently an Anniversary Fellow at the Center for History and Economics at Harvard University and a Lecturer in History at MIT. He previously published a book called 'The First Serious Optimist' about Pigou and the birth of welfare economics. His second book, which we will discuss today is called, Empty Vessel: The Global Economy in One Barge, came out with Knopf and John Murray in May 2025. Sidney Michelini is a post-doctoral researcher working on Ecology, Climate, and Violence at the Peace Research Institute of Frankfurt (PRIF). Book Recomendations: The Dawn Watch: Joseph Conrad in a Global World by Maya JasanoffThe Toxic Ship:The Voyage of the Khian Sea and the Global Waste Trade by Simone M. MüllerThe Hidden Globe: How Wealth Hacks the World by Atossa Araxia Abrahamian Learn more about your ad choices. Visit megaphone.fm/adchoices

Children’s picture books are some of the most transparently ideological materials available to parents and educators, and as cultural objects they are an expression of the zeitgeist of a particular era. They reveal much about the hopes, values, and aspirations of the society that produces them, as well as that society’s vision of its place in the wider world at large.Children’s Picture Books and Contemporary Egyptian Society (AUC Press, 2025) by Dr. Yasmine Motawy examines a new wave of Egyptian picture books that was published in the current century to see how these books responded to larger societal trends and transformations in Egypt, as well as to explore the ideologies that lie behind them. Dr. Motawy argues that a host of factors, including the growth of gated communities and international schooling, the proliferation of lucrative literary awards, returning Gulf migrants, television dramas, and nationwide reading advocacy initiatives helped give rise to a new kind of children’s picture book in Egypt.Dr. Motawy focuses on three clusters of selected picture books to investigate the extent to which these books reproduce hegemonic discourses or, alternatively, open up new horizons of childhood agency and societal transformation. The first cluster includes books that directly socialize the child by showing them ‘how things are done,’ in both the domestic sphere and the increasing globalized spaces that children frequent with their families. The second cluster aims at reframing cultural notions around femininity through the retelling of folk and fairy tales, while the third cluster addresses children's abilities to assess the impact of their actions on their environment, and invites them to examine their personal suitability to positions of power and stewardship. 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