New Books in Economic and Business History

In The Rise of the Military Entrepreneur: War, Diplomacy, and Knowledge in Habsburg Europe (Cornell UP, 2022), Suzanne Sutherland explores the role of the military entrepreneur and explains how these international military figures emerged from, and exploited, the seventeenth century's momentous political, military, commercial, and scientific changes. During the Thirty Years' War, these figures traveled rapidly and frequently across Europe using private wealth, credit, and connections to raise and command the armies that rulers desperately needed. Using the individual of Raimondo Montecuccoli (1609–80), a middling nobleman from the Duchy of Modena, who became one of the most powerful men in the Austrian Habsburg monarchy, Sutherland uncovers the influence of military entrepreneurs not only commanders but also diplomats, natural philosophers, information brokers, clients, and subjects on the battlefield. The Rise of the Military Entrepreneur explains how Montecuccoli addressed battlefield, court, and family responsibilities while contributing to the world of scholarship on an often violent, fragmented political-military landscape. As a result, Sutherland shifts the perspective on war away from the ruler and his court to instead examine the figures supplying force, along with their methods, networks, and reflections on those experiences.Douglas Bell is a writer, teacher, and historian who lives in the Netherlands. His research interests center on American military history, American foreign policy, German history, and European Studies. Tweet him @douglasibell. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adrian Bazbauers and Susan Engel’s 2021 book The Global Architecture of Multilateral Development Banks: A System of Debt or Development? (Routledge, 2023) explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognizable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialized development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS.MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinized, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate.This book will be of particular interest to researchers of development finance, global governance, and international political economy.Dr. Susan Engel is an Associate Professor in Politics and International Studies and co-Director of the Future of Rights Centre. Her research interests focus on the impact of neoliberalism on development and international political economy.Dr Adrian Robert Bazbauers is a Senior Lecturer in International Public Sector Management, and Undergraduate Coordinator, in the School of Business at UNSW, Canberra. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the Biden Administration's student loan relief coming down the pike, Annika sits down with Dr. Beth Akers, a Senior Fellow at the American Enterprise Institute who specializes in higher education finance. Beth discusses the issue of student debt, and what the Biden relief plan will and will not achieve. You can find more information about Dr. Akers and her recent writing and appearances here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The iconic deserts of the American southwest could not have been colonized and settled without the help of desert experts from the Middle East. For example: In 1856, a caravan of thirty-three camels arrived in Indianola, Texas, led by a Syrian cameleer the Americans called "Hi Jolly." This "camel corps," the US government hoped, could help the army secure the new southwest swath of the country just wrested from Mexico. Though the dream of the camel corps - and sadly, the camels - died, the idea of drawing on expertise, knowledge, and practices from the desert countries of the Middle East did not.As Dr. Natalie Koch demonstrates in Arid Empire: The Entangled Fates of Arizona and Arabia (Verso, 2023), this evocative, narrative history, the exchange of colonial technologies between the Arabian Peninsula and United States over the past two centuries - from date palm farming and desert agriculture to the utopian sci-fi dreams of Biosphere 2 and Frank Herbert's Dune - bound the two regions together, solidifying the colonization of the US West and, eventually, the reach of American power into the Middle East. Koch teaches us to see deserts anew, not as mythic sites of romance or empty wastelands but as an "arid empire," a crucial political space where imperial dreams coalesce.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

Touts: Recruiting Indentured Labor in the Gulf of Guinea (de Gruyter, 2022) is a historical account of the troubled formation of a colonial labor market in the Gulf of Guinea and a major contribution to the historiography of indentured labor, which has relatively few reference points in Africa. The setting is West Africa’s largest island, Fernando Po or Bioko in today’s Equatorial Guinea, 100 kilometers off the coast of Nigeria. The Spanish ruled this often-ignored island from the mid-nineteenth century until 1968. A booming plantation economy led to the arrival of several hundred thousand West African, principally Nigerian, contract workers on steamships and canoes. In Touts, Enrique Martino traces the confusing transition from slavery to other labor regimes, paying particular attention to the labor brokers and their financial, logistical, and clandestine techniques for bringing workers to the island.Martino combines multi-sited archival research with the concept of touts as "lumpen-brokers" to offer a detailed study of how commercial labor relations could develop, shift and collapse through the recruiters’ own techniques, such as large wage advances and elaborate deceptions. The result is a pathbreaking reconnection of labor mobility, contract law, informal credit structures and exchange practices in African history.Dr. Enrique Martino is currently a faculty member at the Complutense University of Madrid, and was previously a fellow at the Freiburg Institute for Advanced Studies.Dr. Sara Katz is a Postdoctoral Associate in the History Department at Duke University. Learn more about your ad choices. Visit megaphone.fm/adchoices

When students gathered in a London coffeehouse and smoked tobacco; when Yorkshire women sipped sugar-infused tea; or when a Glasgow family ate a bowl of Indian curry, were they aware of the mechanisms of imperial rule and trade that made such goods readily available? In Eating the Empire: Food and Society in Eighteenth-Century Britain (Reaktion Books, 2020), Troy Bickham unfolds the extraordinary role that food played in shaping Britain during the long eighteenth century (circa 1660–1837), when such foreign goods as coffee, tea, and sugar went from rare luxuries to some of the most ubiquitous commodities in Britain—reaching even the poorest and remotest of households. Bickham reveals how trade in the empire’s edibles underpinned the emerging consumer economy, fomenting the rise of modern retailing, visual advertising, and consumer credit, and, via taxes, financed the military and civil bureaucracy that secured, governed, and spread the British Empire.Troy Bickham is professor of history at Texas A & M University. He is the author of The Weight of Vengeance: The United States, the British Empire, and the War of 1812; Making Headlines: The American Revolution as Seen through the British Press; and Savages within the Empire.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. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know that things are a little more expensive when we head to the grocery store. But what does inflation actually mean? How did we get to where we are, and what happens next? What does history have to say about our current economic situation?Annika sits down with Tyler Goodspeed of the Hoover Institution. Dr. Goodspeed served in the White House as Acting Chairman of the Council of Economic Advisers from 2020-2021, and was formerly on the Faculty of Economics at the University of Oxford, where he specialized in financial history.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life's necessities, those basic conditions for the "pursuit of happiness." For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace--nothing more. As Mark Paul explains, the latter interpretation--thanks in large part to a particularly influential cadre of economists--has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many.In The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights (University of Chicago Press, 2023), Paul shows how economic rights--rights to necessities like housing, employment, and health care--have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America's founding documents. By drawing on FDR's proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment.Replete with discussions of some of today's most influential policy ideas--from Medicare for All to a federal job guarantee to the Green New Deal--The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right--to ground America's next era in the country's progressive history and carve a path toward a more economically dynamic and equitable nation.Mark Paul is an assistant professor of economics at the Bloustein School of Planning and Public Policy at Rutgers University.Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup – namely, the unstoppable rise of global corporate power.Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup: How Corporations Overthrew Democracy (Bloomsbury, 2023) by Claire Provost & Matt Kennard is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how resources are allocated, how territories are governed, and how justice is defined.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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

The Opium Business: A History of Crime and Capitalism in Maritime China (Stanford UP, 2022) explores the opium trade — but not through the relatively well-trodden history of the ‘Opium Wars.’ Instead, in this wonderfully rich book Peter Thilly investigates the little known social history of the opium trade in coastal southern Fujian province. The Opium Business focuses on the relationship between the state and local businesses, charting how it changed as opium went from contraband to tax staple in the late nineteenth century, and then from tax staple to prohibited commodity in the early twentieth century. While this book is sure to interest anyone keen to learn more about modern Chinese history, the history of capitalism, and the history of global narcotics, this book should also be of interest to anyone looking to read about some truly fascinating individuals who made the 'opium business' happen. By uncovering the history of the tax farmers, roving gangs, smugglers, and 'opium kings' who moved, sold, and hid opium, Thilly's book reminds us that it was people — with competing motivations, complicated backgrounds, and networks of friends — who made the opium trade happen.Sarah Bramao-Ramos is a PhD candidate in History and East Asian Languages at Harvard. She works on Manchu language books and is interested in anything with a kesike. She can be reached at sbramaoramos@g.harvard.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices