New Books in Economic and Business History

At a time when critiques of free trade policies are gaining currency, The Neomercantilists: A Global Intellectual History (Cornell UP, 2021) helps make sense of the protectionist turn, providing the first intellectual history of the genealogy of neomercantilism. Eric Helleiner identifies many pioneers of this ideology between the late eighteenth and early twentieth centuries who backed strategic protectionism and other forms of government economic activism to promote state wealth and power. They included not just the famous Friedrich List, but also numerous lesser-known thinkers, many of whom came from outside of the West.Helleiner's novel emphasis on neomercantilism's diverse origins challenges traditional Western-centric understandings of its history. It illuminates neglected local intellectual traditions and international flows of ideas that gave rise to distinctive varieties of the ideology around the globe, including in Latin America, the Caribbean, Africa, and Asia. This rich history left enduring intellectual legacies, including in the two dominant powers of the contemporary world economy: China and the United States.The result is an exceptional study of a set of profoundly influential economic ideas. While rooted in the past, it sheds light on the present moment. The Neomercantilists shows how we might construct more global approaches to the study of international political economy and intellectual history, devoting attention to thinkers from across the world, and to the cross-border circulation of thought.Eric Helleiner is an author and professor of political science and the Faculty of Arts Chair in International Political Economy at the University of Waterloo.Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark W. Geiger, an independent scholar of economic history, explores the unspoken dynamics of financial markets in his new book. He reveals that while official rules exist, it's the 'floor rules' that insiders fear breaking the most. The podcast dives into gripping tales like B.P. Hutchinson's daring wheat market corner in 1888 and the shocking LIBOR scandal of 2008. Geiger also discusses how insider culture, marked by aggressive language and personal networks, has evolved, especially after the pandemic, shaping the future of finance.

A thought-provoking reconsideration of how the revolutionary movements of the 1970s set the mold for today's activism.The 1970s was a decade of "subversives". Faced with various progressive and revolutionary social movements, the forces of order--politicians, law enforcement, journalists, and conservative intellectuals--saw subversives everywhere. From indigenous peasant armies and gay liberation organizations, to anti-nuclear activists and Black liberation militants, subversives challenged authority, laid siege to the established order, and undermined time-honored ways of life. Every corner of the left was fertile ground for subversive elements, which the forces of order had to root out and destroy--a project they pursued with zeal and brutality.In The Subversive Seventies (Oxford UP, 2023), Michael Hardt sets out to show that popular understandings of the political movements of the seventies--often seen as fractious, violent, and largely unsuccessful--are not just inaccurate, but foreclose valuable lessons for the political struggles of today. While many accounts of the 1970s have been written about the regimes of domination that emerged throughout the decade, Hardt approaches the subversive from the perspectives of those who sought to undermine the base of established authority and transform the fundamental structures of society. In so doing, he provides a novel account of the theoretical and practical projects of liberation that still speak to us today, too many of which have been all but forgotten.Departing from popular and scholarly accounts that focus on the social movements of the 1960s, Hardt argues that the 1970s offers an inspiring and useful guide for contemporary radical political thought and action. Although we can still learn much from the movements of the sixties, that decade's struggles for peace, justice, and freedom fundamentally marked the end of an era. The movements of the seventies, in contrast, responded directly to emerging neoliberal frameworks and other structures of power that continue to rule over us today. They identified and confronted political problems that remain central for us. The 1970s, in this sense, marks the beginning of our time. Looking at a wide range of movements around the globe, from the United States, to Guinea Bissau, South Korea, Chile, Turkey, and Italy, The Subversive Seventies provides a reassessment of the political action of the 1970s that sheds new light not only on our revolutionary past but also on what liberation can be and do today.Michael Hardt teaches political theory in the Literature Program at Duke University. He is co-author, with Antonio Negri, of the Empire trilogy and, most recently, Assembly. He is co-director with Sandro Mezzadra of The Social Movements Lab.Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens after colonial industries have run their course—after the factory closes and the fields go fallow? Set in the cinchona plantations of India’s Darjeeling Hills, Quinine's Remains: Empire’s Medicine and the Life Thereafter (U California Press, 2024) chronicles the history and aftermaths of quinine. Harvested from cinchona bark, quinine was malaria’s only remedy until the twentieth-century advent of synthetic drugs, and it was vital to the British Empire. Today, the cinchona plantations—and the roughly fifty thousand people who call them home—remain. Their futures, however, are unclear. The Indian government has threatened to privatize or shut down this seemingly obsolete and crumbling industry, but the plantation community, led by strident trade unions, has successfully resisted. Overgrown cinchona fields and shuttered quinine factories may appear the stuff of postcolonial and postindustrial ruination, but quinine’s remains are not dead. Rather, they have become the site of urgent efforts to redefine land and life for the twenty-first century. Quinine's Remains offers a vivid historical and ethnographic portrait of what it means to forge life after empire.Rounak Bose is a doctoral student in History at the University of Delaware. His research explores questions of caste, religiosities, sacred infrastructures, and performance in the interstices of the colonial and postcolonial state, as well as mobilities and circulations across South Asia and Indian Ocean networks. Besides these specific interests, my disciplinary interests revolve around anthropology, literature, and public history, and the digital humanities. When not reading or writing in the university library, Rounak can be found running along Newark's hiking trails and petting the dogs he meets along the way. Link to twitter page Learn more about your ad choices. Visit megaphone.fm/adchoices

Augustine believed that slavery is permissible, but to understand why, we must situate him in his late antique Roman intellectual context. Slaves of God: Augustine and Other Romans on Religion and Politics (Princeton UP, 2024) provides a major reassessment of this monumental figure in the Western religious and political tradition, tracing the remarkably close connections between Augustine’s understanding of slavery and his broader thought.Augustine is most often read through the lens of Greek philosophy and the theology of Christian writers such as Paul and Ambrose, yet his debt to Roman thought is seldom appreciated. Toni Alimi reminds us that the author of Confessions and City of God was also a Roman citizen and argues that some of the thinkers who most significantly shaped his intellectual development were Romans such as Cicero, Seneca, Lactantius, and Varro—Romans who had much to say about slavery and its relationship to civic life. Alimi shows how Augustine, a keen and influential student of these figures, related chattel slavery and slavery to God, and sheds light on Augustinianism’s complicity in Christianity’s long entanglement with slavery.An illuminating work of scholarship, Slaves of God reveals how slavery was integral to Augustine’s views about law, rule, accountability, and citizenship, and breaks new ground on the topic of slavery in late antique and medieval political thought.New Books in Late Antiquity is presented by Ancient Jew ReviewToni Alimi is Assistant Professor at the Sage School of Philosophy at Cornell UniversityMichael Motia teaches in Classics and Religious Studies at UMass Boston Learn more about your ad choices. Visit megaphone.fm/adchoices

In Cattle in the Postcolumbian Americas: A Zooarchaeological Historical Study (University Press of Florida, 2024), Nicolas Delsol compares zooarchaeological and material evidence from sites across Mesoamerica and the Caribbean to show how the introduction of cattle, beginning with imports by Spanish colonizers in the 1500s, shaped colonial American society. Before European colonization, cows were vital in European and African societies but were unknown to the Native communities of the Western Hemisphere.This book traces their impact in the Americas by using a broad range of methods, such as ancient DNA analyses on faunal collections from major postcolumbian sites. Delsol describes the place of cattle in the colonial culture and landscape, beginning with the transportation of cattle across the Atlantic and moving to herding practices in new habitats, butchery techniques, and the production, trading, and use of cow byproducts.Cattle in the Postcolumbian Americas is the first large-scale regional archaeological study of the introduction of a European domesticated species to the Americas. Using both zooarchaeological and historical data, Delsol argues that the arrival of cattle was a major consequence of European colonization with effects that have often been overlooked. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sequels, reboots, franchises, and songs that remake old songs—does it feel like everything new in popular culture is just derivative of something old? Contrary to popular belief, the reason is not audiences or marketing, but Wall Street. In this book, Andrew deWaard shows how the financial sector is dismantling the creative capacity of cultural industries by upwardly redistributing wealth, consolidating corporate media, harming creative labor, and restricting our collective media culture. Moreover, financialization is transforming the very character of our mediascapes for branded transactions. Our media are increasingly shaped by the profit-extraction techniques of hedge funds, asset managers, venture capitalists, private equity firms, and derivatives traders. Illustrated with examples drawn from popular culture, Derivative Media: How Wall Street Devours Culture (University of California Press, 2024) offers readers the critical financial literacy necessary to understand the destructive financialization of film, television, and popular music—and provides a plan to reverse this dire threat to culture.A free digital version of this title is available here.Andrew deWaard is Assistant Professor of Media and Popular Culture at the University of California, San Diego, and coauthor of The Cinema of Steven Soderbergh: Indie Sex, Corporate Lies, and Digital Videotape.Peter C. Kunze is assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economics sometimes feels like a physics–so sturdy, so objective, and so immutable. Yet, behind every clean number or eye-popping graph, there is usually a rather messy story, a story shaped by values, interests, ideologies, and petty bureaucratic politics. In Cited Podcast’s new mini-series, the Use and Abuse of Economic Expertise, we tell the hidden stories of the economic ideas that shape our world. For future episodes of our series, and a full list of credits, visit our series page.On episode one, we begin at the beginning: the invention of the modern economy, or at least the idea of the economy. It starts with one measure: the GDP, or gross domestic product. It’s a measure that comes to define what we mean by ‘the economy.’ Before GDP, we did not really speak in those terms. Cited producer Alec Opperman talks to sociologist Dan Hirshman, who brings the story of the man who pioneered the GDP, Simon Kuznets. Yet, the GDP was not the measure the Kuznets hoped it would be. It’s a story that reveals the surprisingly contentious politics of counting things up.Plus, what about alternatives to GDP? The Genuine Progress Indicator, the Human Development Index, the Green GDP, and so on. These measures are said to be more progressive, as they often capture things we value (like, care work for instance), and subtracting out things we could use less off (like, environmental degradation). Scholars and policy wonks have been raging about these types of measures for decades, but they have not taken off. Why? Economic historian Dirk Philipsen, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It (Princeton UP, 2017), talks to Alec about why a good number alone is never enough to change the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Critical Insights on Colonial Modes of Seeing Cattle in India: Tracing the Pre-history of Green and White Revolutions (Springer 2024) traces the contours of the symbiotic relationship between crop cultivation and cattle rearing in India by reading against the grain of several official accounts from the late colonial period to the 1980s. It also skillfully unpacks the multiple cultural expressions that revolve around cattle in India and the wider subcontinent to show how this domestic animal has greatly impacted political discourses in South Asia from colonial times, into the postcolonial period. The author begins by demonstrating the dependence between the nomadic cattle breeder and the settled cultivator, at the nexus of land-livestock-agriculture, as indicated in the writings of Sir Albert Howard, who espoused some of the most sophisticated ideas on integration, holism, and mixed farming in an era when agricultural research was marked by increasing specialisation and compartmentalization. The book springboards with the views of colonial experts who worked at imperial science institutions but passionately voiced dissenting opinions due to their emotional investment in the lives of Indian peasants, of whom Howard was a leading light. The book presents Howard and his contemporaries’ writings to then engage contemporary debates surrounding organic agriculture and climate change, tracing the path out of the treadmill of industrial agriculture and factory farming. In doing so, the book shows how, historically, animal rearing has been critically linked to livelihood strategies in the Indian subcontinent. At once a dispassionate reflection on the role played by cattle and water buffaloes in not just supporting farm operations in the agro-pastoral landscape, but also in contributing to millions of livelihoods in sustainable ways while fulfilling the animal protein in the Indian diet, the book presents contemporary lessons on development perspectives relating to sustainable and holistic agriculture. A rich and sweeping treatment of this aspect of environmental history in India that tackles the transformations prompted by the arrival of veterinary medicine, veterinary education and notions of scientific livestock management, the book is a rare read for historians, environmentalists, agriculturalists, development practitioners, and animal studies scholars with a particular interest in South Asia. Learn more about your ad choices. Visit megaphone.fm/adchoices

A radical new reading of eighteenth-century British theorist Thomas Robert Malthus, which recovers diverse ideas about subsistence production and environments later eclipsed by classical economicsWith the publication of Essay on the Principle of Population and its projection of food shortages in the face of ballooning populations, British theorist Thomas Robert Malthus secured a leading role in modern political and economic thought. In this startling new interpretation, Deborah Valenze reveals how canonical readings of Malthus fail to acknowledge his narrow understanding of what constitutes food production.Valenze returns to the eighteenth-century contexts that generated his arguments, showing how Malthus mobilized a redemptive narrative of British historical development and dismissed the varied ways that people adapted to the challenges of subsistence needs. She uses history, anthropology, food studies, and animal studies to redirect our attention to the margins of Malthus’s essay, where activities such as hunting, gathering, herding, and gardening were rendered extraneous. She demonstrates how Malthus’s omissions and his subsequent canonization provided a rationale for colonial imposition of British agricultural models, regardless of environmental diversity.By broadening our conception of human livelihoods, Valenze suggests pathways to resistance against the hegemony of Malthusian political economy. The Invention of Scarcity: Malthus and the Margins of History (Yale UP, 2023) invites us to imagine a world where monoculture is in retreat and the margins are recentered as spaces of experimentation, nimbleness, and human flourishing.Deborah Valenze is the Ann Whitney Olin Professor of History at Barnard College. A recipient of numerous fellowships, she has written four previous books on British culture and economic life. She lives in Cambridge, MA, and New York City.Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices