New Books in Economic and Business History

In this episode, Alisa interviews Dr. Marianne Kamp to celebrate the release of her new book, Collectivization Generation: Oral Histories of a Social Revolution in Uzbekistan, recently published by Cornell University Press. Collectivization Generation is a history of agricultural collectivization in Soviet Uzbekistan that relies on oral history accounts: we meet Uzbeks who were driven from their homes by bandits, whose fathers disappeared in the Stalinist gulag, who suffered starvation and orphanhood. We also meet Uzbeks who told of embracing the project of collectivization, of feeling rewarded with dignity, recognition, pay, association with national triumphs, and with the progress represented by a tractor.In the interview, Dr. Kamp shares insights into her interactive approach to history, the process of collaboration, and the challenges of working with such a colossal body of narrative and putting it out into the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do ordinary people write the stories of their lives? In A Hundred English Working-Class Lives, 1900-1945 (Palgrave MacMillan, 2024), Rebecca Ball, a lecturer in history at Manchester Metropolitan University, presents the microhistory of a series of working-class autobiographies. Ranging from childhood experiences, through education, work, marriage and death, the book draws on the hundred voices to paint a rich and evocative picture of working-class life. These lives are lived against the backdrop of huge global events, not least of which are two world wars. Yet what comes through is the sense of continuity of everyday life even in the face of such huge social change. Offering theoretical reflection for historians as well as being accessible to general readers, the book is essential reading for anyone interested in understanding life in the first half of the twentieth century. Learn more about your ad choices. Visit megaphone.fm/adchoices

How the creation of money and monetary policy can be more democratic.The power to create money is foundational to the state. In the United States, that power has been largely delegated to private banks governed by an independent central bank. Putting monetary policy in the hands of a set of insulated, nonelected experts has fueled the popular rejection of expertise as well as a widespread dissatisfaction with democratically elected officials. In Our Money: Monetary Policy as If Democracy Matters (Princeton UP, 2024), Leah Downey makes a principled case against central bank independence (CBI) by both challenging the economic theory behind it and developing a democratic rationale for sustaining the power of the legislature to determine who can create money and on what terms. How states govern money creation has an impact on the capacity of the people and their elected officials to steer policy over time. In a healthy democracy, Downey argues, the balance of power over money creation matters.Downey applies and develops democratic theory through an exploration of monetary policy. In so doing, she develops a novel theory of independent agencies in the context of democratic government, arguing that states can employ expertise without being ruled by experts. Downey argues that it is through iterative governance, the legislature knowing and regularly showing its power over policy, that the people can retain their democratic power to guide policy in the modern state. As for contemporary macroeconomic arguments in defense of central bank independence, Downey suggests that the purported economic benefits do not outweigh the democratic costs. Learn more about your ad choices. Visit megaphone.fm/adchoices

In popular memory the repeal of US Prohibition in 1933 signaled alcohol’s decisive triumph in a decades-long culture war. But as Dr. Lisa Jacobson reveals in Intoxicating Pleasures: The Reinvention of Wine, Beer, and Whiskey after Prohibition (University of California Press, 2024), alcohol’s respectability and mass market success were neither sudden nor assured. It took a world war and a battalion of public relations experts and tastemakers to transform wine, beer, and whiskey into emblems of the American good life. Alcohol producers and their allies—a group that included scientists, trade associations, restaurateurs, home economists, cookbook authors, and New Deal planners—powered a publicity machine that linked alcohol to wartime food crusades and new ideas about the place of pleasure in modern American life.In this deeply researched and engagingly written book, Dr. Jacobson shows how the yearnings of ordinary consumers and military personnel shaped alcohol’s cultural reinvention and put intoxicating pleasures at the center of broader debates about the rights and obligations of citizens.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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Christine M. Larson, a Professor at the University of Colorado Boulder, dives into the evolution of romance writing and self-publishing. She reveals how Romancelandia transformed romance authors from marginalized figures to successful innovators in digital publishing. Larson discusses the powerful unity among female writers and the pivotal role of social media in highlighting diversity issues. She also explores the economic impact, noting how romance writers thrived with a 73% income boost while others faced declines, showcasing the importance of community and solidarity.

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation.At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics.As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject.Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD).Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China’s Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Famous today for the shops lining its sloped street, the Ponte Vecchio is the last premodern bridge spanning the Arno River at Florence and one of the few remaining examples of the once more prevalent urbanized bridge type.Drawing from early Florentine chronicles and previously unpublished archival documents, The Ponte Vecchio: Architecture, Politics, and Civic Identity in Late Medieval Florence (Brepols, 2024) by Dr. Theresa Flanigan traces the history of the Ponte Vecchio, focusing on the current bridge’s construction after the flood of 1333. Much of the Ponte Vecchio’s original fourteenth-century appearance is now obscured beneath later accretions, often mistakenly interpreted as original to its medieval character. To the contrary, as argued in this book and illustrated by new reconstruction drawings, the mid-trecento Ponte Vecchio’s vaulted substructure was technically advanced, its urban superstructure was designed in accordance with contemporary Florentine urban planning strategies, and its "beautiful and honorable" appearance was maintained by government regulations. The documents also reveal new information about the commission and rental of its famous shops.Relying on these sources, this study offers a more complete history of the Ponte Vecchio, adding significantly to what is currently known about the bridge’s patronage and construction, as well as the aims of civic architecture and urban planning in late medieval Florence.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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Balls of Confusion: Pro Basketball Goes to War(1965-70) is the first of a two-part story about one of the most transformative events inpro basketball history: the war between the National Basketball Association and its challenger the American Basketball Association (ABA).From this nine-year battle for the heart of the game, modern pro basketball emerged in the mid-1970s and grew into today's global, multibillion-dollar sports industry. Part One takes a definitive behind-the-scenes look at both leagues marching to war, their marketing schemes, their labor woes, their legal challenges, and their coming to terms with the 1960s and the nation's changing attitudes on race. If you love sports history and pro basketball's throwback days of Wilt Chamberlain, Jerry West, Connie Hawkins, and Julius Erving, this is a book for you, with part two soon to follow.Paul Knepper covered the New York Knicks for Bleacher Report. His first book was The Knicks of the Nineties: Ewing, Oakley, Starks and the Brawlers That Almost Won. His next book, a biography of Moses Malone will be published in 2025. You can reach Paul at paulknepper@gmail.com and follow him on Twitter @paulieknep. Learn more about your ad choices. Visit megaphone.fm/adchoices

Challenging mainstream narratives in political economy, the new book Feminist Political Economy: A Global Perspective (Agenda Publishing, 2023) serves as an introduction to a new era of critical research. It is written by Prof. Sara Cantillon, Dr. Sara Stevano and Prof. Odile Mackett, who have carried out incredible work to deconstruct gender-blind approaches in contemporary economic research. The book brings together the most important topics in political economy and demonstrates why feminist approaches are crucial to understanding social relations. It begins with an overview of feminist political economy and then offers a nuanced perspective on care, social reproduction, inequalities in households and labour markets, and the feminisation of poverty. As mentioned in the podcast, the book not only takes a feminist approach to theory, but is also an example of the practice of feminist research, focusing for example on female scholars.The host, Sarah Vogelsanger, is a feminist researcher, who is interested in social justice, critical migration studies and political ecology. Learn more about your ad choices. Visit megaphone.fm/adchoices

Alissa Klots, an expert on Soviet labor dynamics, discusses her book examining domestic service's role in women's emancipation within the Soviet Union. She reveals the tension between Bolshevik ideals and the reality of gendered labor hierarchies. Klots highlights how domestic roles were both embraced and marginalized by the state, showcasing the complexities of worker rights and activism. By analyzing personal narratives and legislative shifts, she provides insights into the lasting impact of these dynamics on gender relations and class struggles in socialist societies.