New Books in Economic and Business History

Catherine Frieman, an associate professor of European Archaeology at the School of Archaeology, talks about her recent book, An Archaeology of Innovation: Approaching Social and Technological Change in Human Society, with Peoples & Things host, Lee Vinsel. Her book offers a long-term perspective on innovation that only archaeology can offer and draws on case studies from across human history, from our earliest hominin ancestors to the present. The book makes several different arguments, but one of them is that our present narrow focus on pushing the adoption of technical innovations—especially so called “disruptive innovations”—ignores the complex social, technological, and environmental systems that undergirds successful societies. Learn more about your ad choices. Visit megaphone.fm/adchoices

The ocean is more connective device than barrier, bringing together diverse topics, time-periods and geographies. It has linked and connected the various littorals of Asia into a segmented, yet at the same time, a unitary circuit over roughly the past 500 years since the so-called age of contact initiated a quickening of patterns and engagements that already existed. But despite the centrality of the maritime domain, there hasn’t really been a single study looking at Asia’s seas through a broad macro-lens.Joining Dr Natali Pearson on SSEAC Stories, Professor Eric Tagliocozzo seeks to address this gap. Drawing from his latest book, In Asian Waters: Oceanic Worlds from Yemen to Yokohama (Princeton University Press, 2022), he provides a sweeping account of how the seas and oceans of Asia have shaped the region’s history for the past half millennium, leaving an indelible mark on the modern world in the process.About Eric Tagliacozzo:Eric Tagliacozzo is the John Stambaugh Professor of History at Cornell University, where he teaches Southeast Asian history. He is the director of Cornell's Comparative Muslim Societies Program, the director of the Cornell Modern Indonesia Project, and the contributing editor of the journal Indonesia. Much of his work has centered on the history of people, ideas, and material in motion in and around Southeast Asia, especially in the colonial age. His first book, Secret Trades, Porous Borders: Smuggling and States Along a Southeast Asian Frontier (Yale University Press, 2005), examined many of these ideas by analysing the history of smuggling in the region. His second book, The Longest Journey: Southeast Asians and the Pilgrimage to Mecca (Oxford University Press, 2013), attempted to write a history of this very broad topic from earliest times to the present.For more information or to browse additional resources, visit the Sydney Southeast Asia Centre’s website: www.sydney.edu.au/sseac. Learn more about your ad choices. Visit megaphone.fm/adchoices

Historian Louis Hyman, professor and director of the Institute of Workplace Studies at Cornell University’s School of Industrial and Labor Relations, talks about his book, Temp: How American Work, American Business, and American Dream Became Temporary, with Peoples & Things host Lee Vinsel. In this conversation, Hyman and Vinsel chat about how most mid-20th century secure jobs were possessed by white men, how temporary work began to rise after World War Two, and how all this led to the gig-based world we inhabit. Learn more about your ad choices. Visit megaphone.fm/adchoices

Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines describe what you can do to prepare. Banking and finance, pharmaceuticals, automotive, medical technology, retail. Artificial intelligence (AI) has made its way into many industries around the world. But the truth is, it has just begun its odyssey toward cheaper, better, and faster predictions to drive strategic business decisions--powering and accelerating business. When prediction is taken to the max, industries transform. The disruption that comes with such transformation is yet to be felt--but it is coming. How do businesses prepare? In Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction: The Disruptive Economics of Artificial Intelligence (HBR Press, 2022), they go further to reveal AI as a prediction technology directly impacting decision-making and to teach businesses how to identify disruptive opportunities and threats resulting from AI. Their exhaustive study of new developments in artificial intelligence and the past history of how technologies have disrupted industries highlights the striking phase we are now in: after witnessing the power of this new technology and before its widespread adoption--what they call "the Between Times." While there continue to be important opportunities for businesses, there are also threats of disruption. As prediction machines improve, old ways of doing things will be upended. Also, the process by which AI filters into the many systems involved in application is very uneven. That process will have winners and losers. How can businesses leverage, or protect, their positions? Filled with illuminating insights, rich examples, and practical advice, Power and Prediction is the must-read guide for any business leader or policy maker on how to make the coming AI disruptions work for you rather than against you.Interviewee Avi Goldfarb is the Rotman Chair in Artificial Intelligence and Healthcare and a professor of marketing at the Rotman School of Management, University of Toronto. Avi is also Chief Data Scientist at the Creative Destruction Lab and the CDL Rapid Screening Consortium, a faculty affiliate at the Vector Institute and the Schwartz-Reisman Institute for Technology and Society, and a Research Associate at the National Bureau of Economic Research. Avi’s research focuses on the opportunities and challenges of the digital economy.He has published academic articles in marketing, statistics, law, management, medicine, political science, refugee studies, physics, computing, and economics. Avi is a former Senior Editor at Marketing Science. His work on online advertising won the INFORMS Society of Marketing Science Long Term Impact Award. He testified before the U.S. Senate Judiciary Committee on competition and privacy in digital advertising. His work has been referenced in White House reports, European Commission documents, the New York Times, the Economist, and elsewhere.Peter Lorentzen is economics professor at the University of San Francisco. He heads USF's Applied Economics Master's program, which focuses on the digital economy. His research is mainly on China's political economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Barbadians were among the thousands of British West Indians who migrated to Cuba in the early twentieth century in search of work. They were drawn there by employment opportunities fueled largely by US investment in Cuban sugar plantations. Tell My Mother I Gone to Cuba: Stories of Early Twentieth-century Migration from Barbados (U West Indies Press, 2016) is their story. The migrants were citizens of the British Empire, and their ill-treatment in Cuba led to a diplomatic tiff between British and Cuban authorities. The author draws from contemporary newspaper articles, official records, journals and books to set the historical contexts which initiated this intra-Caribbean migratory wave. Through oral histories, it also gives voice to the migrants' compelling narratives of their experience in Cuba. One of the oral histories recorded in the book is that of the author's mother, who was born in Cuba of Barbadian parents.Dr. Sharon Milagro Marshall is an award-winning journalist and corporate communication professional from Barbados.Carmen Gomez-Galisteo, Ph.D. is a lecturer at Centro de Educación Superior de Enseñanza e Investigación Educativa (CEIE). Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn’t care who buys the store’s broccoli or carrots—insurance providers are more careful in choosing their customers, because some are more expensive than others.In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale UP, 2023), Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we’d be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you’ve often wondered about, as well as for others you haven’t yet considered.John Emrich has worked for decades years in corporate finance, business valuation and fund management. He has a podcast about the investment space called Kick the Dogma. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Endangered Maize: Industrial Agriculture and the Crisis of Extinction (U California Press, 2022), historian Helen Anne Curry investigates more than a hundred years of agriculture and conservation practices to understand the tasks that farmers and researchers have considered essential to maintaining crop diversity. Through the contours of efforts to preserve diversity in one of the world's most important crops, Curry reveals how those who sought to protect native, traditional, and heritage crops forged their methods around the expectation that social, political, and economic transformations would eliminate diverse communities and cultures. In this fascinating study of how cultural narratives shape science, Curry argues for new understandings of endangerment and alternative strategies to protect and preserve crop diversity.Isobel Akerman is a History PhD student at the University of Cambridge studying biodiversity and botanic gardens. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past 50 years, scholars across the social sciences have employed critical juncture analysis to understand how social orders are created, become entrenched, and change. In this book, leading scholars from several disciplines offer the first coordinated effort to define this field of research, assess its theoretical and methodological foundations, and use a critical assessment of current practices as a basis for guiding its future. Contributors include stars in this field who have written some of the classic works on critical junctures, as well as the rising stars of the next generation who will continue to shape historical comparative analysis for years to come. David Collier and Gerardo L. Munck's Critical Junctures and Historical Legacies. Insights and Methods for Comparative Social Science (Rowman & Littlefield, 2022) will be an indispensable resource for social science research methods scholars and students.Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of us have likely seen photos of the Aral Sea, and the rusted Soviet-era ships, sitting in the desert with no water in sight. The Aral Sea is now just 10% of its former volume, shrinking down from what was once the fourth-largest body of inland water in the world, after what writer Jeff Fernside calls “one of the worst human-caused environmental catastrophes.”Jeff traveled to the region as a Peace Corps volunteer. Afterward, he turned his experiences into an essay collection, Ships in the Desert (Santa Fe Writers Project: 2022), where Jeff writes about the families he met, his thoughts on missionaries, and his visit to the Aral Sea, where he saw “a fleet of rusting Soviet fishing ships, hammer and sickle still clearly discernible on many, sitting bolt upright in desert sands as if plowing through ocean waves.”Jeff Fearnside is the author of the short-story collection Making Love While Levitating Three Feet in the Air (Stephen F. Austin State University Press: 2006), which won the 2005 SFWP Awards Program. He is also the author of the chapbook A Husband and Wife Are One Satan (Orison Books: 2021), winner of the Orison Chapbook Prize. His work has appeared in literary journals and anthologies such as The Paris Review, Los Angeles Review, Story, and many others.In this interview, Jeff and I talk about what inspired his essays, including what he saw in the barren Aral Sea.You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Ships in the Desert. Follow on Twitter at @BookReviewsAsia.Nicholas Gordon is an associate editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sociologist Juan Pablo Pardo-Guerra, a professor at University of California San Diego, talks about his book Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets with Peoples & Things host Lee Vinsel. The book traces the long, largely anonymous, and in some senses boring history of how experts applied computers to financial systems since the 1970s, creating a digital infrastructure of the trading world. The conversation also touches on Pardo-Guerra’s more recent work on how systems of quantitative metrics have been applied to the management of universities and what might be done about it. Learn more about your ad choices. Visit megaphone.fm/adchoices