New Books in Economic and Business History

How Economics Explains the World: A Short History of Humanity (Mariner Books, 2024) is a book for anyone interested in understanding the economic forces that have shaped our world. Its blend of historical insight and contemporary relevance makes it a valuable addition to your bookshelf.This small book indeed tells a big story. It is the story of capitalism – of how our market system developed. It is the story of the discipline of economics, and some of the key figures who formed it. And it is the story of how economic forces have shaped world history. Why didn’t Africa colonize Europe instead of the other way around? What happened when countries erected trade and immigration barriers in the 1930s? Why did the Allies win World War II? Why did inequality in many advanced countries fall during the 1950s and 1960s? How did property rights drive China’s growth surge in the 1980s? How does climate change threaten our future prosperity? You’ll find answers to these questions and more in How Economics Explains the World.Andrew Leigh is an Australian economist, author, and politician currently serving as the Assistant Minister for Competition, Charities and Treasury, as well as the Assistant Minister for Employment. A member of the Australian Labor Party, he has represented the electorate of Fenner in the House of Representatives since 2010. Before entering politics, he was a professor of economics at the Australian National University, specialising in public policy, inequality, and economic reform. Leigh is a prolific writer, having authored several books on economic and social issues, and is known for his commitment to evidence-based policymaking and fostering competition in the Australian economy.“If you read just one book about economics, make it Andrew Leigh's clear, insightful, and remarkable (and short) work.” —Claudia Goldin, recipient of the 2023 Nobel Prize in Economics and Henry Lee Professor of Economics at Harvard UniversityOne of The Economist's Best Books of the Year Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States is widely recognized as the quintessential consumer society, one where huge companies like Walmart and Amazon are famous for enticing customers with cheap goods and speedy delivery. Attention, Shoppers!: American Retail Capitalism and the Origins of the Amazon Economy (Princeton University Press, 2025) traces the origins and evolution of American retail capitalism from the late nineteenth century to today, uncovering the roots of a bitter equilibrium where large low-cost retailers dominate and vast numbers of low-income families now rely on them to make ends meet.Offering a comparative perspective on the history of American political economy, Dr. Kathleen Thelen shows how large-scale retailers in the United Kingdom, Germany, Denmark, and Sweden faced a far less hospitable regulatory environment than companies in the United States, which enjoyed judicial forbearance and often active government support. As American companies grew in scale and scope, they assembled an ever-expanding political coalition that could be weaponized to head off regulatory efforts, leveraging their market strength to squeeze suppliers and workers and even engaging in outright rule breaking when they encountered resistance.Placing the rise of the Amazon economy in a broader comparative-historical context, Attention, Shoppers! reveals how large discount retailers have successfully exploited a uniquely permissive regulatory landscape to create a shopper’s paradise built on cheap labor and mass consumption.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

Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill: Apprenticeship and Economic Growth in Early Modern England (Princeton University Press, 2025), Dr. Patrick Wallis shows how apprenticeship helped reshape the English economy.Some historians see apprenticeship as a key ingredient in the industrial revolution; others agree with Adam Smith in seeing it as wasteful and conservative. Dr. Wallis shows that neither of these perspectives is entirely accurate. He offers a new account of apprenticeship and the market for skill in England, analyzing the records of hundreds of thousands of individual apprentices to tell the story of how apprenticeship worked and how it contributed to the transformation of England. Wallis details the activities of apprentices and masters, the strategies of ambitious parents, the interventions of guilds and the decisions of town officials. He shows how the system of early modern apprenticeship contributed to the growth of cities, the movement of workers from farms to manufacturing and the spread of new technologies and productive knowledge.In this groundbreaking study, Dr. Wallis argues that apprenticeship succeeded precisely because it was a flexible institution which allowed apprentices to change their minds and exit contracts early. Apprenticeship provided a vital channel for training that families could trust and that was accessible to most young people, whatever their background.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. You can find Miranda’s episodes on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the second half of the nineteenth century, Japan has been a particularly enthusiastic user of exhibitions. Large-scale international exhibitions, including Osaka 2025, form only the tip of an iceberg comprising over 1,300 industrial, regional, and local exhibitions held in Japan over the past 150 years. In Exhibitionist Japan: The Spectacle of Modern Development (Cambridge UP, 2025), Angus Lockyer explores how and why these events have been used as catalysts of development and arenas for fostering modern industry, empire, and nation. He traces their complicated genesis, realization, and reception, demonstrating that although they rarely achieve their stated aims, this does not undermine their utility - Japanese expos have provided a model subsequently adopted around the world. The history of this enthusiasm provides a more nuanced understanding of development in modern Japan, and emphasizes the shared experiences of global modernity. Learn more about your ad choices. Visit megaphone.fm/adchoices

Menus are invaluable snapshots of the food consumed at specific moments in time and place. Tastes and Traditions: A Journey through Menu History (Reaktion, 2025) by Nathalie Cooke provides glimpses into the meals enjoyed by royalty and rogues, and by those celebrating special occasions or sampling new culinary sensations. It describes food prepared for the great and the good, meals served during sieges and tablescapes immortalized in art. It explores how menus entertain adults, link food with play for children, reflect changing notions of health and highlight the enduring human need to make meals meaningful. Lavishly illustrated, this book offers an engaging exploration of why menus matter and the stories they tell, appealing to food lovers and general readers, as well as professionals in the food industry.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. You can find Miranda’s episodes on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1842, the Qing Empire signed a watershed commercial treaty with Great Britain, beginning a century-long period in which geopolitical and global economic entanglements intruded on Qing territory and governance. Previously understood as an era of “semi-colonialism,” Stacie A. Kent reframes this century of intervention by shedding light on the generative force of global capital.Based on extensive research, conducted with British and Chinese government archives, Coercive Commerce (Hong Kong University Press, 2024) shows how commercial treaties and the regulatory regime that grew out of them catalyzed a revised arts of governance in Qing-administered China. Capital, which had long been present in Chinese merchants’ pocketbooks, came to shape and even govern Chinese statecraft during the “treaty era.” This book contends that Qing administrators alternately resisted and adapted to this new reality through taxation systems such as transit passes and the Imperial Maritime Customs Service by reorganizing Chinese territory into a space where global circuits of capital could circulate and reproduce at an ever greater scale.Offering a deep dive into the coercive nature of capitalism and the historically specific ways global capital reproduction took root in Qing China, Coercive Commerce will interest historians of capital and modern China alike.Huiying Chen is an Assistant Professor in the Department of History at Purdue University. Learn more about your ad choices. Visit megaphone.fm/adchoices

When we think of Vietnamese history, we tend to think of plucky peasant guerillas fighting for their independence against French colonial rule or American imperialism - or even mighty China. In her new book, A Maritime Vietnam: From the Earliest Times to the Nineteenth Century (Cambridge UP, 2024), Li Tana challenges this powerful stereotype by recasting Vietnam as a maritime state with a long history of dynamic commercial relations with the outside world, from China, to Southeast Asia, to India, and the Middle East. The book aims to escape from the rigid nationalist historiography that has long characterized history writing on Vietnam and develop a new way of thinking about Vietnam’s history that emphasizes its outward, commercial relations. It also revisits the old question of whether we should view Vietnam as an East Asian country, oriented towards China, or a Southeast Asian country, characterized by a cosmopolitanism and historical openness to maritime trade and the outside world. This is a provocative and important book which challenges powerful ideas about the way we understand Vietnam’s history and place in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Between 1840 and 1860 the British Empire expanded rapidly in scale, with rampant annexation of territory and ruthless suppression of rebellion. These decades also witnessed an unprecedented movement of people across the Empire and around the world, with over 2.6 million emigrants leaving Britain in the 1850s alone. Managing Mobility: The British Imperial State and Global Migration, 1840–1860 (Cambridge University Press, 2024) by Dr. Philip Harling examines how the British imperial state facilitated the mass migration of its impoverished subjects as labor assets, shipped across vast expanses of ocean to contribute to the economy of the Empire. Dr. Harling analyzes the ideological framework which underpinned these interventions and discusses the journeys taken by emigrants across four continents, considering the varied outcomes of these significant projects of social engineering. In doing so, this study demonstrates how the British imperial state harnessed migration to ensure and maintain a racialised global economic order in the decades after Emancipation.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. You can find Miranda’s episodes on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happened to the loggers of America’s past when lumbermen moved west and south in the late nineteenth and early twentieth centuries? How did these communities continue to create value and meaning in these marginal lands? Cutover Capitalism: The Industrialization of the Northern Forest (West Virginia University Press, 2024) by Dr. Jason L. Newton provides a new perspective on the process of industrialization in America through the study of rural workers in a cutover landscape.Back when resources started running scarce, the environment of the forest and bodies of workers became the natural resources from which mills and landowners extracted. Bodies and cutover landscapes were mobilized in new ways to increase the scale and efficiency of production—a brutal process for workers, human and animal alike. In the Northern Forest, an industrial working class formed in relation to the unique ways that workers' bodies were used to produce value and in relation to the seasonal cycles of the forest environment.Cutover Capitalism is an innovative historical study that combines methodological approaches from labor history, environmental history, and the new history of capitalism. The book tells a character-driven yet theoretically sophisticated story about what it was like to live through this process of industrialization.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. You can find Miranda’s episodes on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discovered but Forgotten: The Maldives in Chinese History, c.1100-1620 (Columbia UP, 2024) examines China's maritime activities in the Indian Ocean, especially as they relate to the Maldives. By weaving together the accounts of a 14th-century Chinese traveler (Wang Dayuan) to the archipelago, archaeological analysis of shipwrecks, maps by both the imperial court and Jesuits, records about items including cowrie shells and ambergris, and much more, Bin Yang argues that the Maldives — and the Indian Ocean world — shaped the Chinese empire.  Discovered but Forgotten is a far-reaching and ambitious book that showcases both imperial China's maritime activities in the Indian Ocean world and how to do maritime history and global history, even when that means working with incomplete records and fragments of porcelain. This book should interest readers curious about East Asian history and global history, as well as anyone who doesn't yet know how important ambergris was to maritime trade and Ming China (spoiler: the answer is very).  In addition to Discovered but Forgotten, interested listeners (and readers!) should also seek out Bin's previous books, especially Cowrie Shells and Cowrie Money: A Global History (Routledge, 2019).  Learn more about your ad choices. Visit megaphone.fm/adchoices