New Books in Economic and Business History

No other phenomenon has shaped human history as decisively as capitalism. It structures how we live and work, how we think about ourselves and others, how we organize our politics. Sven Beckert, author of the Bancroft Prize–winning Empire of Cotton, places the story of capitalism within the largest conceivable geographical and historical framework, tracing its history during the past millennium and across the world. An epic achievement, his book takes us into merchant businesses in Aden and car factories in Turin, onto the terrifyingly violent sugar plantations in Barbados, and within the world of women workers in textile factories in today’s Cambodia. Capitalism, argues Beckert, was born global. Emerging from trading communities across Asia, Africa, and Europe, capitalism’s radical recasting of economic life rooted itself only gradually. But then it burst onto the world scene, as a powerful alliance between European states and merchants propelled them, and their economic logic, across the oceans. This, Beckert shows, was modern capitalism’s big bang, and one of its epicenters was the slave labor camps of the Caribbean. This system, with its hierarchies that haunt us still, provided the liftoff for the radical transformations of the Industrial Revolution. Fueled by vast productivity increases along with coal and oil, capitalism pulled down old ways of life to crown itself the defining force of the modern world. This epic drama, shaped by state-backed institutions and imperial expansion, corresponded at no point to an idealized dream of free markets. Drawing on archives on six continents, Capitalism locates important modes of agency, resistance, innovation, and ruthless coercion everywhere in the world, opening the aperture from heads of state to rural cultivators. Beckert shows that despite the dependence on expansion, there always have been, and are still, areas of human life that the capitalist revolution has yet to reach. By chronicling capitalism’s global history, Beckert exposes the reality of the system that now seems simply “natural.” It is said that people can more easily imagine the end of the world than the end of capitalism. If there is one ultimate lesson in this extraordinary book, it’s how to leave that behind. Though cloaked in a false timelessness and universality, capitalism is, in reality, a recent human invention. Sven Beckert doesn’t merely tote up capitalism’s debits and credits. He shows us how to look through and beyond it to imagine a different and larger world. Soumyadeep Guha is a fourth-year PhD student in the History Department at Binghamton University, New York. He is interested in historical research focusing on themes such as Agrarian/Environmental History, History of Science and Tech, Global History, and their intersections. His prospective dissertation questions are on the pre-history of the ‘Green Revolution’ in Eastern India. Learn more about your ad choices. Visit megaphone.fm/adchoices

This sweeping history tells the story of contemporary Japan from its defeat in the Asia-Pacific War in 1945 until the early decades of the new millennium. How did the Japanese people deal with the collapse of its empire and the American-led occupation? What factors played into Japan's remarkable economic recovery and stunning affluence? How did democracy develop under the new pacifist constitution and long-term conservative rule? And how did Japanese society and culture reflect the extraordinary demographic transformations of the era? After a concise recap of events prior to 1945, historian Simon Avenell traces the country's early postwar recovery, its striking economic growth, the political and social struggles of the citizenry, the legacies of colonial empire and militarism, the profound demographic changes wrought by urbanization and affluence, the impact of regional and global entanglements, and the flowering of postwar culture. The content chapters are augmented by an introduction exploring the diverse historical interpretations of the era and its major themes, along with an epilogue pondering the prospects for Japan's postwar condition at our contemporary moment. The lively narrative is supported by a wealth of images, charts, tables, primary sources, and cutting-edge research. Drawing on recent historiography, the book presents Japan's postwar history both as a distinctive phase in the country's modern experience, as well as an era with deep connections to developments before 1945. A History of Postwar Japan will appeal to a broad readership, including students and general readers who want a comprehensive and compelling narrative of Japan's contemporary history. Learn more about your ad choices. Visit megaphone.fm/adchoices

What do the economics of decolonisation mean for the future of Aotearoa? This question drives the work of Dr. Matthew Scobie and Dr. Anna Sturman as they explore the complex relationship between tangata whenua and capitalism in The Economic Possibilities of Decolonisation (Bridget Williams Books, 2024). By weaving together historical insights and contemporary analysis, this book reveals the enduring influence of Māori economies and illuminates how these perspectives could radically transform Aotearoa’s political economy for the better. 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

Following the career of the Irish lace designer and inspector Emily Anderson (1856-1948), Irish Lacemaking: Art, Industry and Cultural Practice (Bloomsbury, 2025) by Dr. Molly-Claire Gillett traces a network of designers, makers, organizations and institutions involved in the late-19th and early-20th-century Irish lace industry and explores their contemporary relevance.Dr. Gillett maps the Irish lace industry's connection to stakeholders such as the British Department of Science and Art, the Cork School of Art, The Irish Agricultural Organisation Society and the Irish Department of Agriculture and Technical Instruction, pairing a close study of patterns and techniques with an investigation of broader issues in design education, philanthropy and women's professionalization. Concluding with a consideration of contemporary Irish lacemaking – now proudly claimed as an element of Ireland's intangible cultural heritage – Gillett tells the story of a 20th-century shift in the conception of lace design as 'art for industry', and lacemaking as an economic necessity to both practices as expressions of identity, creativity and community-building.Richly illustrated and framed within the narrative of Anderson's life and career as a woman designer and civil servant during a pivotal moment in Irish history, Irish Lacemaking is an essential resource for students and researchers in craft, women's history and Irish Studies. 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

The outbreak of the First World War shattered the established European art market. Amidst fighting, looting, confiscations, expropriation fears and political and economic upheaval, an integrated marketplace shaped by upper-class patrons broke down entirely. In its place, Maddalena Alvi argues, can be found the origins of a recognizably modern market of nationalized spheres driven by capitalist investment and speculation, yet open to wider social strata. Delving into auction records, memoirs, newspaper articles, financial and legal documents in six languages, Alvi explores these cultural and socio-economic developments across the British, French, and German markets, as well as trade spheres such as Russia and Scandinavia. 1914 marked the end of the European art market and cemented the connection between art and finance.  The European Art Market and the First World War: Art, Capital, and the Decline of the Collecting Class, 1910–1925 (Cambridge University Press, 2025) Maddalena Alvi holds a PhD in History from the University of Cambridge, an MSc in Economic and Social History from the University of Oxford, and an MLitt in Art History from the University of Glasgow. Priya S. Gandhi is a writer and strategist based in New York City. Learn more about your ad choices. Visit megaphone.fm/adchoices