New Books in Economic and Business History

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Rot: An Imperial History of the Irish Famine
In 1845, European potato fields from Spain to Scandinavia were attacked by a novel pathogen. But it was only in Ireland, then part of the United Kingdom, that the blight’s devastation reached apocalyptic levels, leaving more than a million people dead and forcing millions more to emigrate. In Rot, historian Padraic X. Scanlan offers the definitive account of the Great Famine, showing how Ireland’s place in the United Kingdom and the British Empire made it uniquely vulnerable to starvation. Ireland’s overreliance on the potato was a desperate adaptation to an unstable and unequal marketplace created by British colonialism. The empire’s laissez-faire economic policies saw Ireland exporting livestock and grain even as its people starved. When famine struck, relief efforts were premised on the idea that only free markets and wage labor could save the Irish. Ireland’s wretchedness, before and during the Great Famine, was often blamed on Irish backwardness, but in fact, it resulted from the British Empire’s embrace of modern capitalism. Uncovering the disaster’s roots in Britain’s deep imperial faith in markets, commerce, and capitalism, Rot reshapes our understanding of the Great Famine and its tragic legacy. Our guest is: Dr. Padraic X. Scanlan, who is an associate professor at the Centre for Industrial Relations and Human Resources and the Centre for Diaspora & Transnational Studies at the University of Toronto. His writing has appeared in the Washington Post, the Guardian, the Times Literary Supplement, and the New Inquiry. The author of two previous books, he lives in Toronto. Our host is: Dr. Christina Gessler, who is a freelance editor. She the producer and show host of the Academic Life podcast. Playlist for listeners: The Social Construction of Race Climate Change We Refuse Where Does Research Really Begin? The First and Last King of Haiti Finishing Your Book When Life Is A Disaster Teaching About Race and Racism in the College Classroom Welcome to Academic Life, the podcast for your academic journey—and beyond! You can support the show by downloading and sharing episodes. Join us again to learn from more experts inside and outside the academy, and around the world. Missed any of the 250+ Academic Life episodes? Find them here. And thank you for listening! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Selda Altan, "Chinese Workers of the World: Colonialism, Chinese Labor, and the Yunnan-Indochina Railway" (Stanford UP, 2024)
Chinese workers helped build the modern world. They labored on New World plantations, worked in South African mines, and toiled through the construction of the Panama Canal, among many other projects. While most investigations of Chinese workers focus on migrant labor, Chinese Workers of the World: Colonialism, Chinese Labor, and the Yunnan-Indochina Railway (Stanford UP, 2024) explores Chinese labor under colonial regimes within China through an examination of the Yunnan-Indochina Railway, constructed between 1898-1910. The Yunnan railway--a French investment in imperial China during the age of "railroad colonialism"--connected French-colonized Indochina to Chinese markets with a promise of cross-border trade in tin, silk, tea, and opium. However, this ambitious project resulted in fiasco. Thousands of Chinese workers died during the horrid construction process, and costs exceeded original estimates by 74%. Drawing on Chinese, French, and British archival accounts of day-to-day worker struggles and labor conflicts along the railway, Selda Altan argues that long before the Chinese Communist Party defined Chinese workers as the vanguard of a revolutionary movement in the 1920s, the modern figure of the Chinese worker was born in the crosscurrents of empire and nation in the late nineteenth century. Yunnan railway workers contested the conditions of their employment with the knowledge of a globalizing capitalist market, fundamentally reshaping Chinese ideas of free labor, national sovereignty, and regional leadership in East and Southeast Asia. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Ben Jackson, "Material Masculinities: Men and Goods in Eighteenth-Century England" (Manchester UP, 2025)
Material Masculinities: Men and Goods in Eighteenth-Century England (Manchester University Press, 2025) by Dr. Ben Jackson examines the material and consumer practices of over 1000 men from the middling and upper ranks of eighteenth-century society, c.1650-1850. It draws upon evidence from over 35 archives and museum collections to detail how material objects were integral for men in forming identities and shaping experiences. For men of all social ranks, ages, and geographic locations, material knowledge was imperative for masculine social identities to operate in a commercial society. Before the centralised factory and widespread mass-produced goods, men personalised and repaired their goods; products were shaped by men's attitudes and concerns. Objects were tools in men's identity formation and the exercise of social and gendered power. There was a reciprocal relationship between men and goods in this period; men were active agents of material and commercial change driving product and aesthetic innovation. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Júlia Király, "Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Troubles to Global Hurricane" (Springer, 2020)
Donald Trump is putting liberal democracy through its greatest test in 80 years. None of it is original. His style of rule is straight from the democratic backsliders' playbook. To secure long-term power rather than short-term office, rulers must take over the institutions that check and balance majority rule and bend them to their will. Trump has tamed Congress and inserted his people into the Supreme Court, law enforcement, intelligence, and competition regulation but - to his great frustration - the Federal Reserve is holding out. It was the same story in Hungary after Viktor Orbán returned to the premiership in 2010. Bound by EU law and the mandates of the governor and his deputies, Orbán had to wait three years to break the national bank. One of those deputy governors, Júlia Király, experienced state capture from the inside and resigned with a public protest at the loss of institutional independence. Now an associate professor of finance and monetary economics at the International Business School in Budapest, she began her career under socialism at the statistics and planning offices. As deputy governor, she was part of the team that managed the Hungarian economy through the post-2007 financial crisis – an experience she chronicles in Hungary and Other Emerging EU Countries in the Financial Storm: From Minor Turbulences to a Global Hurricane (Springer, 2020). Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors, who also writes and podcasts at www.242.news on Substack. Learn more about your ad choices. Visit megaphone.fm/adchoices
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False Dawn: A Conversation with George Selgin on Recovering from the Great Depression
Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute’s Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR’s New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal’s successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn’t just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices
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