At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. To this day, fiscal authorities fret over soaring public debt burdens, while central bankers wring their hands at the slightest sign of rising wages. As the brief reprieve of coronavirus spending made clear, no departure from government austerity will be tolerated without a corresponding act of penance.Yet we misunderstand the scope of neoliberal public finance if we assume austerity to be its sole setting. Beyond the zero-sum game of direct claims on state budgets lies a realm of indirect government spending that escapes the naked eye. Capital gains are multiply subsidized by a tax system that reserves its greatest rewards for financial asset holders. And for all its airs of haughty asceticism, the Federal Reserve has become adept at facilitating the inflation of asset values while ruthlessly suppressing wages. Neoliberalism is as extravagant as it is austere, and this paradox needs to be grasped if we are to challenge its core modus operandi.In Counterrevolution: Extravagance and Austerity in Public Finance (Zone Books, 2024) Dr. Melinda Cooper examines the major schools of thought that have shaped neoliberal common sense around public finance. Focusing, in particular, on Virginia school public choice theory and supply-side economics, she shows how these currents produced distinct but ultimately complementary responses to the capitalist crisis of the 1970s. With its intellectual roots in the conservative Southern Democratic tradition, Virginia school public choice theory espoused an austere doctrine of budget balance. The supply-side movement, by contrast, advocated tax cuts without spending restraint and debt issuance without guilt, in an apparent repudiation of austerity. Yet, for all their differences, the two schools converged around the need to rein in the redistributive uses of public spending. Together, they drove a counterrevolution in public finance that deepened the divide between rich and poor and revived the fortunes of dynastic wealth.Far-reaching as the neoliberal counterrevolution has been, Dr. Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: Is another politics of extravagance possible?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.

By the fifth and sixth centuries, the bread and circuses and triumphal processions of the Roman Empire had given way to a quieter world. And yet, as Shane Bobrycki argues, the influence and importance of the crowd did not disappear in early medieval Europe. In The Crowd in the Early Middle Ages (Princeton UP, 2024), Bobrycki shows that although demographic change may have dispersed the urban multitudes of Greco-Roman civilization, collective behavior retained its social importance even when crowds were scarce.Most historians have seen early medieval Europe as a world without crowds. In fact, Bobrycki argues, early medieval European sources are full of crowds—although perhaps not the sort historians have trained themselves to look for. Harvests, markets, festivals, religious rites, and political assemblies were among the gatherings used to regulate resources and demonstrate legitimacy. Indeed, the refusal to assemble and other forms of “slantwise” assembly became a weapon of the powerless. Bobrycki investigates what happened when demographic realities shifted, but culture, religion, and politics remained bound by the past. The history of crowds during the five hundred years between the age of circuses and the age of crusades, Bobrycki shows, tells an important story—one of systemic and scalar change in economic and social life and of reorganization in the world of ideas and norms.New Books in Late Antiquity is Presented by Ancient Jew ReviewShane Bobrycki is assistant professor of history at the University of IowaMichael Motia teaches in the classics and religious studies department at UMass Boston

The academic field of international relations presents its own history as largely a project of elite white men. And yet women played a prominent role in the creation of this new cross-disciplinary field. In Erased: A History of International Thought Without Men (Princeton University Press, 2025), Professor Patricia Owens shows that, since its beginnings in the early twentieth century, international relations relied on the intellectual labour of women and their expertise on such subjects as empire and colonial administration, anticolonial organising, non-Western powers, and international organisations. Indeed, women were among the leading international thinkers of the era, shaping the development of the field as scholars, journalists, and public intellectuals—and as heterosexual spouses and intimate same-sex partners.Drawing on a wide range of archival sources, and weaving together personal, institutional, and intellectual narratives, Dr. Owens documents key moments and locations in the effort to forge international relations as a separate academic discipline in Britain. She finds that women’s ideas and influence were first marginalised and later devalued, ignored, and erased. Examining the roles played by some of the most important women thinkers in the field, including Margery Perham, Merze Tate, Eileen Power, Margaret Cleeve, Coral Bell, and Susan Strange, Dr. Owens traces the intellectual and institutional legacies of misogyny and racism. She argues that the creation of international relations was a highly gendered and racialised project that failed to understand plurality on a worldwide scale. Acknowledging this intellectual failure, and recovering the history of women in the field, points to possible sources for its renewal.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.

Today I talked to Chris Voparil about What Can We Hope For?: Essays on Politics (Princeton UP, 2023), a book of Richard Rorty's writings he co-edited with W. P. Malecki.Richard Rorty, one of the most influential intellectuals of recent decades, is perhaps best known today as the philosopher who, almost two decades before the 2016 U.S. presidential election, warned of the rise of a Trumpian strongman in America. What Can We Hope For? Essays on Politics (Princeton University Press, 2023) gathers nineteen of Rorty’s essays on American and global politics, including four previously unpublished and many lesser-known and hard-to-find pieces. In these provocative and compelling essays, Rorty confronts the critical challenges democracies face at home and abroad, including populism, growing economic inequality, and overpopulation and environmental devastation. In response, he offers optimistic and realistic ideas about how to address these crises. He outlines strategies for fostering social hope and building an inclusive global community of trust, and urges us to put our faith in trade unions, universities, bottom-up social campaigns, and bold political visions that thwart ideological pieties. Driven by Rorty’s sense of emergency about our collective future, What Can We Hope For? is filled with striking diagnoses of today’s political crises and creative proposals for solving them.

At the end of Eric Cline's bestselling history 1177 B.C., many of the Late Bronze Age civilizations of the Aegean and Eastern Mediterranean lay in ruins, undone by invasion, revolt, natural disasters, famine, and the demise of international trade. An interconnected world that had boasted major empires and societies, relative peace, robust commerce, and monumental architecture was lost and the so-called First Dark Age had begun. Now, in After 1177 B.C.: The Survival of Civilizations (Princeton UP, 2025), Cline tells the compelling story of what happened next, over four centuries, across the Aegean and Eastern Mediterranean world. It is a story of resilience, transformation, and success, as well as failures, in an age of chaos and reconfiguration.After 1177 B.C. tells how the collapse of powerful Late Bronze Age civilizations created new circumstances to which people and societies had to adapt. Those that failed to adjust disappeared from the world stage, while others transformed themselves, resulting in a new world order that included Phoenicians, Philistines, Israelites, Neo-Hittites, Neo-Assyrians, and Neo-Babylonians. Taking the story up to the resurgence of Greece marked by the first Olympic Games in 776 B.C., the book also describes how world-changing innovations such as the use of iron and the alphabet emerged amid the chaos.Filled with lessons for today about why some societies survive massive shocks while others do not, After 1177 B.C. reveals why this period, far from being the First Dark Age, was a new age with new inventions and new opportunities.

When World War II ended, about one million people whom the Soviet Union claimed as its citizens were outside the borders of the USSR, mostly in the Western-occupied zones of Germany and Austria. These “displaced persons,” or DPs—Russians, prewar Soviet citizens, and people from West Ukraine and the Baltic states forcibly incorporated into the Soviet Union in 1939—refused to repatriate to the Soviet Union despite its demands. Thus began one of the first big conflicts of the Cold War. In Lost Souls: Soviet Displaced Persons and the Birth of the Cold War (2024), Sheila Fitzpatrick draws on new archival research, including Soviet interviews with hundreds of DPs, to offer a vivid account of this crisis, from the competitive maneuverings of politicians and diplomats to the everyday lives of DPs. American enthusiasm for funding the refugee organizations taking care of DPs quickly waned after the war. It was only after DPs were redefined—from “victims of war and Nazism” to “victims of Communism”—in 1947 that a solution was found: the United States would pay for the mass resettlement of DPs in America, Australia, and other countries outside Europe. The Soviet Union protested this “theft” of its citizens. But it was a coup for the United States. The choice of DPs to live a free life in the West, and the West’s welcome of them, became an important theme in America’s Cold War propaganda battle with the Soviet Union. A compelling story of the early Cold War, Lost Souls is also a rare chronicle of a refugee crisis that was solved.

Choice touches virtually every aspect of our lives, from what to buy and where to live to whom to love, what profession to practice, and even what to believe. But the option to choose in such matters was not something we always possessed or even aspired to. At the same time, we have been warned by everybody from marketing gurus to psychologists about the negative consequences stemming from our current obsession with choice. It turns out that not only are we not very good at realizing our personal desires, we are also overwhelmed with too many possibilities and anxious about what best to select. There are social costs too. How did all this happen? The Age of Choice: A History of Freedom in Modern Life (Princeton UP, 2025) tells the long history of the invention of choice as the defining feature of modern freedom.Taking readers from the seventeenth century to today, Sophia Rosenfeld describes how the early modern world witnessed the simultaneous rise of shopping as an activity and religious freedom as a matter of being able to pick one's convictions. Similarly, she traces the history of choice in romantic life, politics, and the ideals of human rights. Throughout, she pays particular attention to the lives of women, those often with the fewest choices, who have frequently been the drivers of this change. She concludes with an exploration of how reproductive rights have become a symbolic flashpoint in our contemporary struggles over the association of liberty with choice.Drawing on a wealth of sources ranging from novels and restaurant menus to the latest scientific findings about choice in psychology and economics, The Age of Choice urges us to rethink the meaning of choice and its promise and limitations in modern life.

The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order: National Institutions and the Development of Banking Regulation (Princeton University Press, 2024), Dr. Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis.In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Dr. Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Dr. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.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.

In Capitalism in the Colonies: African Merchants in Lagos, 1851–1931 (Princeton UP, 2024), A. G. Hopkins provides the first substantial assessment of the fortunes of African entrepreneurs under colonial rule. Examining the lives and careers of 100 merchants in Lagos, Nigeria, between 1850 and 1931, Hopkins challenges conventional views of the contribution made by indigenous entrepreneurs to the long-run economic development of Nigeria. He argues that African merchants in Lagos not only survived, but were also responsible for key innovations in trade, construction, farming, and finance that are essential for understanding the development of Nigeria’s economy.The book is based on a large, representative sample and covers a time span that traces mercantile fortunes over two and three generations. Drawing on a wide range of sources, Hopkins shows that indigenous entrepreneurs were far more adventurous than expatriate firms. African merchants in Lagos pioneered motor vehicles, sewing machines, publishing, tanneries, and new types of internal trade. They founded the construction industry that built Lagos into a major port city, moved inland to start the cocoa-farming industry, and developed the finance sector that is still vital to Nigeria’s economy. They also took the lead in changing single-owned businesses into limited liability companies, creating freehold property rights and promoting wage labour. In short, Hopkins argues, they were the capitalists who introduced the institutions of capitalism into Nigeria. The story of African merchants in Nigeria reminds us, he writes, that economic structures have no life of their own until they are animated by the actions of creative individuals.Thomas E Kingston is a Berkeley Fellow and PhD student at UC Berkeley where he works on histories of knowledge, empire and capital, in the context of colonialism in Asia. He is an Economic History Society Student Ambassador, the Editorial Director of the Association for Southeast Asian Studies and a passionate rugby player. His website can be found at www.thomasekingston.com

Dr. Yanni Kotsonis, Professor of History and Russian & Slavic Studies at New York University, is the author of The Greek Revolution and the Violent Birth of Nationalism (Princeton University Press, 2025). This deeply researched and beautifully written history traces how something brand new – a Greek nation-state – emerged out of an Ottoman Balkan mosaic of languages, religions, and cultures. The book argues that the Greek Revolution was an event of global historical significance, ushering in an age of ethnocentric nationalism. In addition, Kotsonis' work is a major contribution to the studies of statecraft and mass violence, showcasing how new practices of mass mobilization and warfare transformed Ottomans into “Greeks” and their “Others.”