New Books in Economic and Business History

A surprising look at the big business of owning small businesses and what America's franchise economy means for its workers.

Walk into a McDonald's anywhere in the United States, and it will be identical to every other McDonald's in the country. Yet, that particular store is almost certainly owned and operated by an "independent" franchisee. While McDonald's presents an image of centralized uniformity to the consumer, it shows a different face to the small business owners operating its stores under its control and the workers preparing its product to its standards. How then does McDonald's--and its big business peers--manage to be two things at once?

In this revelatory work Chains of Command: The Rise and Cruel Reign of the Franchise Economy (U Chicago Press, 2026), economist Brian Callaci shows how franchisors have altered the legal treatment of corporations in their favor through a decades-long crusade of lobbying and litigation. Their efforts subsequently unleashed a slew of legal and economic sins upon the US economy and labor force, allowing multinational corporations to control continent-spanning empires while outsourcing employment and scapegoating legal responsibilities onto small businesses. The result: the unfettered growth of some of America's most recognizable businesses, at the aggregate expense of America's workers.

Remarkable in both its scale and synthesis, Callaci's story is the first chronicle of this business movement--initially resisted by US courts before experiencing a dramatic reversal of fortune after decades of campaigning by some of America's most established entrepreneurs. An urgent and erudite history, Chains of Command reveals how the US labor market was tamed one small business at a time.
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In the 1970s, as women started to enter the labor force in unprecedented numbers, economists began to examine their roles as economic actors. The result was the rise of gender economics, now a major subfield with powerful data and new methods comparing the economic lives of men and women. Yet despite decades of progress, many of the most consequential questions about gender inequality remain unresolved.

In How Economics Discovered Women: Bringing Gender Economics into the Twenty-First Century (U California Press, 2026), renowned economist and demographer Dr. Shelly Lundberg argues that the problem is not a lack of evidence but a failure to challenge entrenched economic models and outmoded assumptions about markets and gender that have limited what the field can explain.

Why does occupational segregation persist? Why do "women's jobs" pay less? Why are men falling behind in education? And why do policies like paternity leave fail to change behavior? Drawing on more than five decades in the field and integrating insights from other social sciences, Dr. Lundberg explains signs of recent progress and charts a path toward a more realistic, socially grounded economics capable of meeting the challenges of gender inequality today.

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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In Democracy in Power: A History of Electrification in the United States (University of Chicago Press, 2024), Sandeep Vaheesan recounts the rather overlooked story of how electricity spread across the U.S. economy during the 20th century. This book sheds careful light on the varied institutions and interests mediating the process, including investor-owned utilities and the rural electric cooperative. Vaheesan does not hesitate to critique the successes and failures cropping up along the way; rather, he lays them all bare in service of paving an actionable path toward the decarbonization and democratization of power.

Sandeep Vaheesan is the legal director at the Open Markets Institute. He leads their legal research and advocacy, including the amicus program. He has written and spoken widely on antimonopoly law and policy and building a fair economy. Previously, he worked at the Consumer Financial Protection Bureau and American Antitrust Institute.

Anna Olteanu is a senior in the College of Social Studies at Wesleyan University, where she focuses on intellectual history. Her interests include political ecology, the history of economic thought, and literary criticism.
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Chinese investment in the United States has become an increasingly contentious issue that is much more complicated than headlines suggest. In this episode, we reflect on recent debates in Michigan’s democratic primary and use it as a jumping-off point to examine more than 25 years of Chinese investment in the US and subnational relationships with Chinese business. We’re joined by Emily Conrad, whose research examines Chinese manufacturing investment in the US. We discuss where investment is concentrated and how local governments interact with investments, with attitudes ranging from facilitation to passivity to obstruction. We also discuss how Chinese companies navigate the present environment and varied contexts across the US. As federal scrutiny has intensified and states have introduced new restrictions on foreign land ownership and investment, Chinese firms face mounting political and regulatory headwinds. Yet, investments have not disappeared, and companies are adapting, raising questions about how geopolitics is reshaping investment, manufacturing and subnational policies and politics in the US.

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Emily’s book The Faithless?: The Untold Story of the Electoral College

Analysis of State Attitudes towards Chinese investments over time from Conrad’s research here

Other resources from the episode:

Rhodium Group’s China cross-border monitor

YouTube podcast with Abdul al-Sayed that mentions some about China: here

Wall Street Journal article about the State Armor organization: here

NPR podcast with one of the best overviews on Gotion:here

More on Gotion:

‘No CCP in USA!’: Inside a Michigan town's unhinged war over a Chinese battery plant

A Chinese battery company bet on a small Michigan town for its U.S. expansion

Michigan Democratic U.S. Senate primary debate audio used in this episode

Tweet on the CCP by Sen. Elissa Slotkin

Financial Times article, China’s assault on Europe’s car market has barely begun

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Nineteenth-century
Germany invented the way we eat. Women experimenting in households,
French chefs fleeing guillotines, and one of the most rapidly evolving
food industries in the world forged recognizably modern eating practices
between 1780 and 1910. While central Europeans merely aimed to survive
long winters, experiment with translated recipes and curious ingredients
from abroad, and embrace the conveniences of industrial life, their
consumption habits and cooking practices created a new product
landscape. Throughout this transitional era of history, individuals
visibly communicated their self-understandings through food.

The Making of Modern Eating: How the German Middle Class Forged the Way We Eat, 1780–1910 (Berghahn,
2026) by Dr. Claudia Kreklau provides a study of central European food
modernity and middle-class identity aims to provide fresh footing for
discussions in our own changing global era.

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