New Books in Economic and Business History

Today I talked to David Potter about his new book Disruption: Why Things Change (Oxford UP, 2021).Disruption is about radical change-why it happens and how. Drawing on case studies ranging from the fourth century AD through the twentieth century, we look at how long-established systems of government and thought are challenged, how new institutions are created and new ideas become powerful. While paying attention to the underlying political, intellectual, economic and environmental sources of social disruption, we will see that no matter what similarities there might be between forces that shake different societies, these underlying factors do not dictate specific outcomes. The human actors are ultimately the most important, their decisions drive the conclusions that we see over time. Through our case studies we can explore successful and unsuccessful decision making, and the emergence of the ideas that conditioned human actions. We'll explore the development of Islam and of Christian doctrine, of constitutional thought, of socialism and social Darwinism. We'll look at how these ideas, all of them emerging on the fringes of society became central.Craig Sorvillo is a PhD candidate in modern Eureaopn history at the University of Florida. He can be reached at crsbb32@ufl.edu or on twitter @craig_sorvillo Learn more about your ad choices. Visit megaphone.fm/adchoices

Fields of Revolution: Agrarian Reform and Rural State Formation in Bolivia, 1935-1964, published in 2021 by the University of Pittsburgh Press is a ground-breaking study of Bolivia’s revolutionary experiment in peasant land redistribution during the second half of the twentieth century. In 1953, the Revolutionary Nationalist Movement (MNR) began a process of moderate land reform that would become so sweeping it would compete with Mexico and Cuba for reshaping rural social relations in Latin America. In Field of Revolution, Soliz upends scholarly assumptions about where the MNR’s land reform policies came from, how transformative such policies were for the countryside, and how popular forces engaged with the state. Using case studies from three diverse regions in Bolivia’s highlands and valleys, Soliz explores the dialogue between competing understandings of agrarian reform that created a hyper localized and often quite radical process of agrarian change after 1953.Attentive to the interplay between state policy and local activism, Soliz shows how hacienda workers embraced the nationalist slogan of “land for those who work it” and used existing union structures to connect with revolutionary nationalist politicians. Meanwhile, indigenous communities proclaimed the need to return “land to its original owners” and sought to link the ruling party discourse on nationalism with their own long-standing demands for restitution. Landowners, for their part, embraced the principle of “land for those who improve it” to protect at least portions of their former properties from expropriation. While the MNR tried to coopt and control this process, ultimately, it was indigenous peasants and hacienda workers who drove the pace of revolutionary change in the countryside, controlling and consolidating power in rural space long after the fall of the revolutionary government.Engaging and incisive, this book is essential reading for scholars of rural and agrarian history, indigenous movements, revolutions, and would make a great addition to graduate and undergraduate classrooms alike.Carmen Soliz is Associate Professor of History at the University of North Carolina, Charlotte.Elena McGrath is Assistant Professor of History at Union College. Learn more about your ad choices. Visit megaphone.fm/adchoices

Living the California Dream: African American Leisure Sites During the Jim Crow Era (Nebraska, 2020) is about the places where the past and future meet. Throughout the early twentieth century, African Americans moved to California for jobs, for the beautiful weather and landscapes, and to start futures for themselves and their families. Like their white neighbors, they found sites of play and fun across the Southern California environment, from lakes to beaches to country clubs. Dr. Alison Rose Jefferson, an independent scholar and conservation consultant, describes several instance of place making - imbuing beaches and other locations with meaning and memories for the African Americans across the region - and how whites in Southern California reacted with racist backlash against Black leisure in public places. Jefferson, who has worked closely with various groups in greater Los Angeles to promote public memory of the sites covered in the book, describes how contestation over the meaning of these places has continued into the present day. At its core, this is a book about people having fun, and how people have made meaning, or resisted those meanings, at places where people have always flocked for a good time.Dr. Stephen R. Hausmann is an assistant professor of history at the University of St. Thomas in Minnesota. Learn more about your ad choices. Visit megaphone.fm/adchoices

For over a century Mexico has been embroiled in a drug war dictated by the demands of their neighbor to the north. In The Dope: The Real History of the Mexican Drug Trade (W. W. Norton, 2021), Benjamin T. Smith offers a history of the trade and its effects upon the people of Mexico. As he reveals, at the start of the 20th century drugs such as marijuana and opium were largely on the margins of Mexican society, used mainly by soldiers, prisoners, and immigrants. The association of marijuana with a bohemian subculture in the early 1920s prompted the first punitive laws against it, while the use of opium by Chinese immigrants led Mexican officials to target the drug as a means to arrest the country’s Chinese population.Yet the drug trade thrived thanks to the growing demand for marijuana and heroin in the United States. In response, American officials pressured their Mexican counterparts to end drug production and distribution in their country, even to the point of ending the effort to provide heroin in a regulated way for the country’s relatively small population of heroin addicts. Yet these efforts often foundered on the economic factors involved, with many government officials protecting the trade either for personal profit or for the financial benefits the trade provided to their states. This trade only grew in the postwar era, as the explosion of drug use in the 1960s and the crackdown on the European heroin trade made Mexico an increasingly important supplier of narcotics to the United States. The vast profits to be made from this changed the nature of the trade from small-scale family-managed operations to much more complex organizations that increasingly employed violence to ensure their share of it. As Smith details, the consequences of this have proven enormously detrimental both to the Mexican state and to the Mexican people. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happened to the Filipinas who migrated to Denmark to staff iconic new international hotels in the 1960s and 1970s? Why did the Philippine government encourage so many talented people to leave the country? How did Danes react to this influx of lively Southeast Asians? What was the impact on the Danish labor movement? And why did so many lives change forever?In this conversation with NIAS Director Duncan McCargo, Danish journalist and researcher Nina Trige Andersen discusses both the socio-economic context for the influx of Philippine workers in postwar Denmark, and the individual stories she chronicles in her meticulously-researched book Labor Pioneers: Economy, Labor, and Migration in Filipino-Danish Relations, 1950-2015 (Ateneo de Manila University Press, 2019).The Nordic Asia Podcast is a collaboration sharing expertise on Asia across the Nordic region, brought to you by the Nordic Institute of Asian Studies (NIAS) based at the University of Copenhagen, along with our academic partners: the Centre for East Asian Studies at the University of Turku, Asianettverket at the University of Oslo, and the Stockholm Centre for Global Asia at Stockholm University.We aim to produce timely, topical and well-edited discussions of new research and developments about Asia.Transcripts of the Nordic Asia Podcasts: http://www.nias.ku.dk/nordic-asia-podcastAbout NIAS: www.nias.ku.dk Learn more about your ad choices. Visit megaphone.fm/adchoices

Priya Lakhani is an entrepreneurial adrenaline junkie. She has founded two successful companies, won numerous business awards, and acted as an advisor to the Department of Business, Innovation, and Skills. Oh, and is an OBE. Her life's aim is to change the world for the better, and to that end she has funded meals in India, vaccinations in Africa, and her current project improves education for thousands of UK children. Remarkably, she has achieved all this despite a constant barrage of people telling her to "quit and go home". In this podcast Priya takes us through her astonishing career, from unloading boxes of sauce outside Victoria Street Station, to writing a book for preschoolers. She ends by summarising the entrepreneurial tips that have helped her come this far.To read the podcast transcription please CLICK HERE - Powered by SpeechmaticsPriya, former libel barrister, university law lecturer and founder of FMCG business Masala Masala, launchedCENTURY Tech in 2015. CENTURY utilises artificial intelligence, big data technology and cognitive neuroscience to learn how every brain learns, personalise learning for every student and provide real-time data insights to educators. Priya has been a member of the Secretary of State for Business, Innovation and Skills’ Entrepreneurs’ Forum and an advisory board member to several educational/skills organisations. Priya was awarded Business Entrepreneur of the Year in 2009, The Mayor of London Fund’s Special Recognition Award 2016 and Officer of the Order of the British Empire in 2014. Priya now also presents on BBC World News as a commentator on world news, politics, business and technology on a bi-monthly basis.Produced by Mark Cotton, Twitter.Podcast links:Century - AI platform for school improvement Learn more about your ad choices. Visit megaphone.fm/adchoices

In Rotary International and the Selling of American Capitalism (Harvard University Press, 2021), Professor Brendan Goff traces the history of Rotary International from its origins in Chicago in 1905 to its rapid growth during the first four decades of the twentieth century. In doing so, Goff places U.S. power at the center of his analysis. He argues that Rotary International was able to succeed where Wilsonian internationalism was not by strategically distancing itself from the state. Rotarians advanced their own “civic internationalism” that emphasized the organization’s non-profit status, identify as a non-governmental organization, and commitment to the community-minded principle of “service above self.” This version of internationalism, and the rhetoric that supported it, allowed Rotary International to deflect criticisms of mere boosterism or intervention by other means. Goff’s nuanced and critical analysis of Rotary International’s history provides a new way of thinking about the role of U.S. cities in the expansion of U.S capital and consumer culture abroad, the many inflections of interwar internationalism, and the use of racialized power in creating and structuring connections between businesspeople in the United States and the rest of the world.Steven P. Rodriguez is a PhD Candidate in history at Vanderbilt University. You can reach him at steven.p.rodriguez@vanderbilt.edu and follow his twitter at @SPatrickRod. Learn more about your ad choices. Visit megaphone.fm/adchoices

Women's emancipation through productive labour was a key tenet of socialist politics in post-World War II Yugoslavia. Mass industrialisation under Tito led many young women to join traditionally 'feminised' sectors, and as a consequence the textile sector grew rapidly, fast becoming a gendered symbol of industrialisation, consumption and socialist modernity. By the 1980s Yugoslavia was one of the world's leading producers of textiles and garments. The break-up of Yugoslavia in 1991, however, resulted in factory closures, bankruptcy and layoffs, forcing thousands of garment industry workers into precarious and often exploitative private-sector jobs. Drawing on more than 60 oral history interviews with former and current garment workers, as well as workplace periodicals and contemporary press material collected across Croatia, Macedonia, Serbia, Bosnia-Herzegovina and Slovenia, Women and Industry in the Balkans charts the rise and fall of the Yugoslav textile sector, as well as the implications of this post-socialist transition, for the first time.In the process, Chiara Bonfiglioli explores broader questions about memories of socialism, lingering feelings of attachment to the socialist welfare system and the complexity of the post-socialist era. Women and Industry in the Balkans: The Rise and Fall of the Yugoslav Textile Sector (I. B. Tauris, 2021) is important reading for all scholars working on the history and politics of Yugoslavia and the Balkans, oral history, memory studies and gender studies.Jill Massino is a scholar of modern Eastern Europe with a focus on Romania, gender, and everyday life. Learn more about your ad choices. Visit megaphone.fm/adchoices

La Paz's Colonial Specters: Urbanization, Migration, and Indigenous Political Participation, 1900-52 (Bloomsbury, 2021) explores the urban history of one of Latin America’s most indigenous large cities in the first half of the twentieth century. Tracing the expansion of the “extramuro,” indigenous neighborhoods beyond the center of the city in these decades, Sierra brings to life the activists who transformed the city leading up to Bolivia’s National Revolution in 1952. Sierra begins by highlighting the racialized debates about space, modernization, and popular politics among elites that dominated Bolivia’s 1925 centenary celebrations and projects for urban development. Many elites hoped to relegate visible signs of indigeneity outside an imaginary line that divided the respectable, wealthy urban core from the mixed indigenous spaces of the urban periphery. However, as Sierra demonstrates, indigenous Bolivians were crucial to the functioning of urban life from the very heart of the old Spanish city to its rapidly expanding markets and outskirts. Therefore, lower class urbanites, indigenous and not, were able to insist upon an alternative vision of the city built upon neighborhood organizations, unions, and popular use of space long before the revolutionary days of urban street battles in April 1952. This book will be of interest to urban historians and Latin American historians alike. Its careful explorations of gender, race, class and the mechanisms that build urban belonging will make this book essential reading for anyone interested in social movements and popular politics. Finally, by tracing the understudied history of neighborhood associations in the early twentieth century, La Paz’s Colonial Specters provides an essential background for scholars seeking to understand the roots of contemporary neighborhood organizations that continue to dominate Bolivia’s popular politics to this day.Luis Sierra is Associate Professor of History at Thomas More University.Elena McGrath is Assistant Professor of History at Union College. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio (Princeton UP, 2021) examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors.Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant.Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com. Learn more about your ad choices. Visit megaphone.fm/adchoices