New Books in Economic and Business History

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Duke UP, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs.Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy. Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want.Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Nazi Billionnaires: The Dark History of Germany's Wealthiest Dynasties (HarperCollins, 2022), journalist David de Jong presents a groundbreaking investigation of how the Nazis helped German tycoons make billions off the horrors of the Third Reich and World War II—and how America allowed them to get away with it.In 1946, Günther Quandt—patriarch of Germany’s most iconic industrial empire, a dynasty that today controls BMW—was arrested for suspected Nazi collaboration. Quandt claimed that he had been forced to join the party by his arch-rival, propaganda minister Joseph Goebbels, and the courts acquitted him. But Quandt lied. And his heirs, and those of other Nazi billionaires, have only grown wealthier in the generations since, while their reckoning with this dark past remains incomplete at best. Many of them continue to control swaths of the world economy, owning iconic brands whose products blanket the globe. The brutal legacy of the dynasties that dominated Daimler-Benz, cofounded Allianz, and still control Porsche, Volkswagen, and BMW has remained hidden in plain sight—until now.In this landmark work of investigative journalism, David de Jong reveals the true story of how Germany’s wealthiest business dynasties amassed untold money and power by abetting the atrocities of the Third Reich. Using a wealth of untapped sources, de Jong shows how these tycoons seized Jewish businesses, procured slave laborers, and ramped up weapons production to equip Hitler’s army as Europe burned around them. Most shocking of all, de Jong exposes how America’s political expediency enabled these billionaires to get away with their crimes, covering up a bloodstain that defiles the German and global economy to this day.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

Jewish Consumer Cultures in Nineteenth and Twentieth-Century Europe and North America (Palgrave Macmillan, 2022) investigates the place and meaning of consumption in Jewish lives and the roles Jews played in different consumer cultures in modern Europe and North America. Drawing on innovative, original research into this new and challenging field, the volume brings Jewish studies and the history and theory of consumer culture into dialogue with each other. Its chapters explore Jewish businesspeople's development of niche commercial practices in several transnational contexts; the imagining, marketing, and realization of a Jewish national homeland in Palestine through consumer goods and strategies; associations between Jews, luxury, and gender in multiple contexts; and the political dimensions of consumer choice. Together the essays in this volume show how the study of consumption enriches our understanding of modern Jewish history and how a focus on consumer goods and practices illuminates the study of Jewish religious observance, ethnic identities, gender formations, and immigrant trajectories across the globe.Amber Nickell is Associate Professor of History at Fort Hays State University, Editor at H-Ukraine, and Host at NBN Jewish Studies, Ukrainian Studies, and Eastern Europe. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sarah Teasley's Designing Modern Japan (Reaktion, 2022) unpicks the history of Japanese design from the mid-nineteenth century to the end of the twentieth, focusing on continuities and disruptions within communities and practices of design. Designing Modern Japan explores design in the unfolding contexts of modernization, empire and war, defeat and reconstruction, postwar economic acceleration, and beyond. Throughout, Teasley is sensitive to issues of gender and class within the communities of design she studies. The book combines the history of design with social, economic, and geopolitical history, placing design and its material objects carefully in the larger currents of modern and contemporary Japan. Designing Modern Japan is a history of both the people who shaped Japanese design and the designs that were integral to life in modern Japan.Nathan Hopson is an associate professor of Japanese language and history in the University of Bergen's Department of Foreign Languages. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gabriel Winant talks with Kim about the decline of the industrial working class and the rise of the health care industry.Gabriel is an assistant professor of History at the University of Chicago. His book, The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America, is recently out from Harvard University Press. You can read his recent article on the subject in The New York Times.The Next Shift focuses on the working class in the American context and Pittsburgh in particular. In the full version of our conversation, Gabriel recommended Aaron Benanav’s book Automation and the Future of Work (Verso 2020), for an argument about the larger global economic structures of deindustrialization. He also talks a bit about James Boggs, as someone who was well positioned to notice the effects of deindustrialization. We found this article about Boggs worth reading.The image for this episode is a photograph of the abandoned Detroit Public Schools Book Depository, taken by Thomas Hawk on 13 June 2010. The image is posted of Flickr under a creative commons attribution non-commercial license. Lauren Berlant describes gives this photograph as a bad image of neoliberalism, which allows our social theory to derive “its urgency and its reparative imaginary from spaces of catastrophe and risk where the exemplum represents structural failure” (“The Commons: Infrastructures for Troubling Times” Society and Space 34 no. 3 (2016) p.395). But I like it. Saronik modified the original image.Music used in promotional material: ‘Shadow of a Coal Mine’ by Linda Draper Learn more about your ad choices. Visit megaphone.fm/adchoices

Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? In How the World Became Rich: The Historical Origins of Economic Growth (Polity, 2022), Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently-advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the USA, Canada, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may—or may not—develop.Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoctoral Associate and Lecturer at New York University--Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is a regular contributor to different news outlets. Currently, he is Forbes Magazine op-ed columnist. Learn more about your ad choices. Visit megaphone.fm/adchoices

Varsha Venkatasubramanian discusses the many trajectories of modernization as a theoretical concept. She focuses mainly on the history of development in the US and in India, through the cold war years and continuing to the present day.Varsha (@varsha_venkat_ on Twitter) is a graduate student focusing on the history of dams in the US and the World as it relates to foreign policy, policy history, environmental movements, and legal history. She is particularly interested in US-India relations and infrastrcuture projects during the 1950s to the 1980s.Image: Sardar Sarovar Dam, Gujarat, India.Music used in promotional material: ‘Warm is Near’ by Post Human Era Learn more about your ad choices. Visit megaphone.fm/adchoices

From trade to technology to military might, competition between the United States and China dominates the foreign policy landscape. But this battle for global influence is also playing out in a strange and unexpected arena: the movies.The film industry, Wall Street Journal reporter Erich Schwartzel explains, is the latest battleground in the tense and complex rivalry between these two world powers. In recent decades, as China has grown into a giant of the international economy, it has become a crucial source of revenue for the American film industry. Hollywood studios are now bending over backward to make movies that will appeal to China’s citizens—and gain approval from severe Communist Party censors. At the same time, and with America’s unwitting help, China has built its own film industry into an essential arm of its plan to export its national agenda to the rest of the world. The competition between these two movie businesses is a Cold War for this century, a clash that determines whether democratic or authoritarian values will be broadcast most powerfully around the world.Red Carpet: Hollywood, China, and the Global Battle for Cultural Supremacy (Penguin, 2022) is packed with memorable characters who have—knowingly or otherwise—played key roles in this tangled industry web: not only A-list stars like Matt Damon, Angelina Jolie, and Richard Gere but also eccentric Chinese billionaires, zany expatriate filmmakers, and starlets who disappear from public life without explanation or trace. Schwartzel combines original reporting, political history, and show-biz intrigue in an exhilarating tour of global entertainment, from propaganda film sets in Beijing to the boardrooms of Hollywood studios to the living rooms in Kenya where families decide whether to watch an American or Chinese movie. Alarming, occasionally absurd, and wildly entertaining, Red Carpet will not only alter the way we watch movies but also offer essential new perspective on the power struggle of this century.Renee Garfinkel, Ph.D. is a psychologist, writer, Middle East television commentator and host of The New Books Network’s Van Leer Jerusalem Series on Ideas. Write her at reneeg@vanleer.org.il Learn more about your ad choices. Visit megaphone.fm/adchoices

In When Art Isn’t Real: The World's Most Controversial Objects under Investigation (Leuven University Press, 2022), Dr. Andrew Shortland and Dr. Patrick Degryse examine how an initially valueless object becomes worth hundreds of millions. And vice versa.The art world is a multi-billion-dollar industry which captures world headlines on a regular basis, for both good and bad reasons. This book deals with one of the most-discussed areas of controversy: high-profile objects that have experts arguing about their veracity. Some may have been looted, others may be fakes, some may be heavily restored or misattributed. Often, in these cases, analytical science is called on to settle a dispute.The authors of this book have decades of experience in this field, working on a range of objects dating from prehistory to the twentieth century. They present seven of the most famous cases from the Getty Kouros to the Turin Shroud – some of which are still contested, and examine how a few words from a connoisseur or scientist can make a virtually valueless object worth hundreds of millions. And vice versa.“We want to give readers some feel for the people involved. A feel for those period or material experts who give their opinion on an object’s validity from its looks, feel, even smell. A feel for the analysts, who employ their sicnetific equipment to the object and give their opinion from the numbers and pictures that are derived from them. A feel for the experts working with, in parallel with, and occasionally against each other.”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

In this episode, I talk to Chris Gratien, Assistant Professor of History at the University of Virginia, about his new book, The Unsettled Plain: An Environmental History of the Late Ottoman Frontier (Stanford University Press, 2022). The Unsettled Plain studies agrarian life in the Ottoman Empire to understand the making of the modern world. Over the course of the late nineteenth and early twentieth centuries, the environmental transformation of the Ottoman countryside became intertwined with migration and displacement. Muslim refugees, mountain nomads, families deported in the Armenian Genocide, and seasonal workers from all over the empire endured hardship, exile, and dispossession. Their settlement and survival defined new societies forged in the provincial spaces of the late Ottoman frontier. Through these movements, Chris Gratien reconstructs the remaking of Çukurova, a region at the historical juncture of Anatolia and Syria, and illuminates radical changes brought by the modern state, capitalism, war, and technology. Drawing on both Ottoman Turkish and Armenian sources, Gratien brings rural populations into the momentous events of the period: Ottoman reform, Mediterranean capitalism, the First World War, and Turkish nation-building. Through the ecological perspectives of everyday people in Çukurova, he charts how familiar facets of quotidian life like malaria, cotton cultivation, labor, and leisure attained modern manifestations. As the history of this pivotal region hidden on the geopolitical map reveals, the remarkable ecological transformation of late Ottoman society configured the trajectory of the contemporary societies of the Middle East.The music for this episode is Jazz Mice by Stefan Kartenberg.Deren Ertas is a PhD student in the joint program in History and Middle Eastern Studies at Harvard University. You can reach her on Twitter @drnrts. Learn more about your ad choices. Visit megaphone.fm/adchoices