New Books in Economic and Business History

The Colombian village of Briceño might, at first glimpse, look like many communities in the rural Global South. Many of the people living there rely on small-scale farming, even as a newly constructed hydroelectric dam threatens traditional livelihoods. Yet after decades where Briceño suffered from a bloody conflict, the village has more recently become central to the nation’s hopes for peace. In Governing the Excluded, sociologist Alex Diamond shares a closer look at Briceño and offers unique insight not only into the contemporary Colombian state but to how people across the Global South are struggling to maintain rural livelihoods amid economic dispossession.Governing the Excluded describes a landmark peace process between the Colombian government and the radical FARC guerrillas from the perspective of Colombian farmers, drawing links between economic transformation, drug economies, and armed conflict. Exclusion from global markets for traditional crops like coffee first pushed farmers to grow coca, the raw material for cocaine. This ushered in an era of violent conflict for control of the illicit economy, while farmers continued to be priced out of legal markets. In exchange for peace and state protection, farmers ultimately agreed to sacrifice profitable coca. But with its disappearance, they now find themselves dependent on the state: for machinery to maintain the roads they need to get legal harvests to market, municipal jobs that are the only decent work available, and for public resources to subsidize food crops with razor-thin profit margins. Ongoing economic struggles in the legal sector make the state’s newfound authority tenuous, as some villagers replant coca, abandon the village for uncertain urban futures, or join a rearmed guerrilla group.Informed by deep ethnographic research and firsthand stories from Briceño residents, Governing the Excluded shows that when it comes to the forces driving dispossession—be they international corporate megaprojects, global food prices, or national initiatives to replace coca cultivation—state authority goes only so far as its ability to sustain local livelihoods.

Sneha Annavarapu is Assistant Professor of Urban Studies at Yale-NUS College.
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Fossil Consumerism: Energy, Ecology and Everyday Life in the Early Modern Low Countries (Leuven UP, 2026) by Dr. Wout Saelens explores how the homes of ordinary city dwellers sparked our modern dependence on fossil fuels. Drawing on a rich variety of sources, including probate inventories, household manuals, personal journals, medical treatises and contemporary artwork, it reveals how households in the early modern Low Countries embraced peat and coal to fuel new standards of warmth, light and domesticity. Yet, with these new home comforts came rising indoor pollution, intensified and gendered housework and, ultimately, a quiet shift in humanity’s relationship with nature.

Bridging the histories of environments, material culture and consumption, Fossil Consumerism offers a reinterpretation of the historical roots of global warming, finding these not in the industrial mill, but in the intimate, overlooked spaces of the home. This book is essential reading for anyone interested in the everyday origins of the Anthropocene and is available Open Access.

This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.
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Bullet bras, bazookas, bombshells, bikinis. In Atomic Bombshells: How Plastics Shaped Postwar Bodies (Duke UP, 2026), Dr. Isabelle Held challenges the usual narratives of how war technologies enter domestic use by following plastics on their journey into women’s bodies. Dr. Held explores the effects of military-industrial science and the emergence of nylon, silicone, and plastic foams on embodied and expressive configurations of gender, sexuality, and race. She focuses on the United States between the late 1930s with the launch of nylon—whose potential was widely celebrated as the world’s first fully synthetic fiber and the ideal replacement for silk stockings—and the late 1970s, when policies began addressing the dangerous health consequences of implantable plastics.

Dr. Held untangles the complex relationships between chemical companies, the US military, the Federal Drug Administration, plastic surgeons, advertising agencies, the Hollywood star system, go-go dancers, drag queens, and fashion and industrial designers. Using feminist, queer, and trans lenses, she shows that there was never just one bombshell identity. In so doing, Dr. Held complicates typical understandings of the shaping and reshaping of gender.

This interview was conducted by Dr. Miranda Melcher whose 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. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.
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John is joined by the brilliant and affable Paul Kramer of Vanderbilt (The Blood of Government) to discuss Capitalism: A Global History (Penguin, 2025) by Sven Beckert, Laird Bell Professor of History at Harvard University. With Christine A. Desan (Recall This Book adores her) he is the co-director of the Program on the Study of Capitalism at Harvard University. This builds on his marvelous previous work about the global cotton trade.

John wants to know about the importance of the state as money-maker and underpinner of markets. Paul asks about the key historical ruptures; the conversation goes back a millennium to traders in Aden and in China. Together Paul and Sven speculate on the role violence plays inside the “free” market that capitalist exchange established and now somewhat remarkably sustains. The singular turning-point of the late 19th century (which Sven decided to present in three interwoven chapters) comes in for sustained attention.

Mentioned in the Episode

Christine Desan, Making Money: Coin, Currency, and the Coming of Capitalism (2014)

Ursula Le Guin “We live in capitalism, its power seems inescapable — but then, so did the divine right of kings.” (National Book Foundation Medal speech 2014)

Ferdinand Braudel Afterthoughts on Material Civilization and Capitalism (1979)

Eric Williams, Capitalism and Slavery (1944)

Listen and Read here.

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It’s one of the biggest questions in economic history: How did a richer, more advanced China fall behind Europe? Why was Europe the home of the Industrial Revolution, and not China? And what does that journey tell us about politics and culture?

In Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000–2000 (Princeton UP, 2025), Guido Tabellini, alongside his co-authors, argues that the answer comes from how European and Chinese organized cooperation—through corporations in Europe and through clans in China—and how that shaped each one’s society.

Guido Tabellini is the Intesa Sanpaolo Chair in Political Economics and Vice President at Bocconi University.
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