Barbara Hahn and Bruce Baker, “The Cotton Kings: Capitalism and Corruption in Turn-of-the-Century New York and New Orleans” (Oxford UP, 2015)

With the recent economic collapse and rising income inequality, lessons drawn from turn-of-the century capitalism have become frequent. Pundits, policymakers, and others have looked to the era to find precursors to an unregulated market, corrupt bankers, and severe economic inequality. The comparisons are often too simple, however. In their new...

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