New Books in Economic and Business History

Apostles of Development: Six Economists and the World They Made (Oxford University Press and Penguin RandomHouse South Asia, 2025) by Dr. David Engerman recounts the work of six individuals, all former classmates at Cambridge University, who helped make international development--the effort to reduce poverty and inequality around the world--into a juggernaut of the second half of the twentieth century. International development employed millions, affected billions, and spent trillions; it held the hopes of the former colonies to create an economic independence to match their newfound political one, and the plans of wealthy counties to build an enduring economic order.The six Apostles in this book include some of South Asia's best-known names, like Nobel Laureate Amartya Sen and long-serving Indian Prime Minister Manmohan Singh, as well as leading academics (Jagdish Bhagwati) and key policy-makers in both national and international circles. Taken together, this group both reflected and shaped the growing enterprise of international development from the time they left Cambridge in the mid-1950s well into the 2010s.For many years, the second half of the twentieth century was understood primarily through the lens of the Cold War. And yet, for the majority of the world, living in what was then called the Third World (and which is now called the Global South), development was a constant, while American-Soviet geopolitics only occasionally impinged upon their lives. And these six, as much as any other group, changed the way economists theorized development and aid officials practiced it. Their biographies, then, are the history of development.Based on newly available archival documents from 10 countries, and on interviews with four of the subjects, the widows of the other two, and almost 100 of their colleagues, friends, classmates, and rivals, this book combines riveting personal accounts with a sweeping history of one of the enduring human activities of the late 20th century and early 21st centuries: creating a more prosperous and equitable world. 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 year 2025 marks the 80th anniversary of the end of the Second World War, a conflict that solidified SPAM’s place in global food culture. Created by Hormel Foods in 1937 to utilize surplus pork shoulder during the Great Depression, SPAM became an essential resource during the Second World War, and helped shape perceptions of American culture. SPAM: A Global History (Reaktion, 2025) by Dr. Kelly Spring explores SPAM’s complex history, from its inception to its resurgence during the COVID-19 pandemic, highlighting its enduring legacy in places like Hawaii, Guam, the Philippines, Okinawa and South Korea. It demonstrates how SPAM, a long-lasting and valuable protein, played a crucial role during wartime and continues to influence dietary practices worldwide. 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

Ordinary items take on new meanings when you cast them in different light. The origins of tea, coffee and sugar are well known, but when you discover that gym treadmills were pioneered on plantations or that denim jeans were once clothing for enslaved people, you can't help but ask where else the legacy of slavery hides in plain sight. Through the stories of thirty-nine everyday places and objects, in Human Resources: Slavery and the Making of Modern Britain – in 39 Institutions, People, Places and Things (Profile, 2025) Renay Richardson and Arisa Loomba unpick the threads of the history that we never learned in school, revealing the truth of how Britain's present is bound to a darker past. Taking us from art galleries to football stands, banks to hospitals, from grand country houses to the backs of our kitchen cupboards, Human Resources is an eye-opening inquiry that gives a voice to the enslaved people who built modern Britain. 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

Ghana’s twentieth century was one of dramatic political, economic, and environmental change. Sparked initially by the impositions of colonial rule, these transformations had significant, if rarely uniform, repercussions for the determinants of good and bad nutrition. All across this new and uneven polity, food production, domestic reproduction, gender relations, and food cultures underwent radical and rapid change. This volatile national history was matched only by the scientific instability of nutritional medicine during these same years. Moving between the dry Northern savannah, the mineral-rich and food-secure Southern rainforest, and the youthful, ever-expanding cities, John Nott's Between Feast and Famine: Food, Health, and the History of Ghana’s Long Twentieth-Century (UCL Press, 2025) is a comparative history of nutrition in Ghana since the end of the nineteenth century. At the heart of this story is an analysis of how an uneven capitalist transformation variously affected the lives of women and children. It traces the change from sporadic periods of hunger in the nineteenth and early twentieth centuries, through epidemics of childhood malnutrition during the twentieth century, and into emergent epidemics of diet-related non-communicable disease in the twenty-first century. Employing a novel, critical approach to historical epidemiology, Nott argues that detailing the co-production of science and its subjects in the past is essential for understanding and improving health in the present. John Nott is a Research Fellow in Science, Technology and Innovation Studies at the University of Edinburgh. His research interests sit primarily across the history of medicine and economic history, with a particular focus on colonial and postcolonial contexts. He also has complementary interests in medical anthropology and STS, and is currently a Research Fellow on Lukas Engelmann's ERC-funded project, "The Epidemiological Revolution: A History of Epidemiological Reasoning in the Twentieth Century." Amongst other things, he is working on a monograph detailing the economic and medical history of surveillance in Anglophone Africa. Dr. Nott is also the Principal Investigator of a collaborative British Academy-funded project, "Population Health in Practice: Towards a Comparative Historical Ethnography of the Demographic Health Survey," which explores the history and contemporary production of epidemiological and demographic data in Ghana, Tanzania, and Malawi. Dr. Nott was trained at the University of Leeds, where his PhD focused on the history of nutrition and nutritional medicine in Ghana since the end of the nineteenth century. Immediately before coming to Edinburgh, he was a fellow at the Merian Institute for Advanced Studies in Africa (MIASA) at the University of Ghana. Before this, Dr. Nott was based at Maastricht University as a Research Fellow on Anna Harris' ERC-funded project, “Making Clinical Sense: a Historical-Ethnographic Study of the Technologies Used in Medical Education. The edited collection, “Making Sense of Medicine: Material Culture and the Reproduction of Medical Knowledge,” recently won the Amsterdamska Award by the European Association for the Study of Science & Technology (EASST). You can learn more about his work here. Afua Baafi Quarshie is a Ph.D. candidate in history at the Johns Hopkins University. Her research focuses on mothering and childhood in post-independence Ghana. Learn more about your ad choices. Visit megaphone.fm/adchoices

Central bank cooperation during global financial crises has been anything but consistent. While some crises are arrested with extensive cooperation, others are left to spiral. Going beyond explanations based on state power, interests, or resources, in Bankers' Trust: How Social Relations Avert Global Financial Collapse (Cornell University Press, 2025) Dr. Aditi Sahasrabuddhe argues that central bank cooperation—or the lack thereof—often boils down to ties of trust, familiarity, and goodwill between bank leaders. These personal relations influence the likelihood of access to ad hoc, bilateral arrangements with more favorable terms. Drawing on archival evidence and elite interviews, Sahasrabuddhe uncovers just how critical interpersonal trust between central bankers has been in managing global financial crises. She tracks the emergence of such relationships in the interwar 1920s, how they helped prop up the Bretton Woods system in the 1960s, and how they prevented the 2008 global financial crisis from turning into another Great Depression. When traditional signals of credibility fell short during these periods of crisis and uncertainty, established ties of trust between central bank leaders mediated risk calculations, alleviated concerns, and helped innovate less costly solutions. Dr. Sahasrabuddhe challenges the idea that central banking is purely apolitical and technocratic. She pinpoints the unique transnational power central bank leaders hold as unelected figures who nonetheless play key roles in managing states' economies. By calling attention to the influence personal relationships can have on whether countries sink or swim during crises, Bankers' Trust asks us to reconsider the transparency and democratic accountability of global financial governance 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals.A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy. Elizabeth Popp Berman is Director and Richard H. Price Professor of Organizational Studies at the University of Michigan and the author of Creating the Market University: How Academic Science Became an Economic Engine (Princeton). 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

Imagine a world in which clothing wasn't superabundant – cheap, disposable, indestructible – but perishable, threadbare and chronically scarce. Eighty years ago, when World War II ended, a textile famine loomed. What would everyone wear as uniforms were discarded and soldiers returned home, Nazi camps were liberated, and millions of uprooted people struggled to subsist? In Making Do: Britons and the Refashioning of the Postwar World (Cambridge University Press, 2025), Dr. Susan L. Carruthers unpicks a familiar wartime motto, 'Make Do and Mend', to reveal how central fabric was to postwar Britain. Clothes and footwear supplied a currency with which some were rewarded, while others went without. Making Do moves from Britain's demob centres to liberated Belsen – from razed German cities to refugee camps and troopships – to uncover intimate ties between Britons and others bound together in new patterns of mutual need. Filled with original research and personal stories, Making Do illuminates how lives were refashioned after the most devastating war in human history. 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

Rainbow Trap: Queer Lives, Classifications and the Dangers of Inclusion (Bloomsbury, 2025) by Dr. Kevin Guyan reveals how the fight for LGBTQ equalities in the UK is shaped – and constrained – by the classifications we encounter every day. Looking across six systems – the police and the recording of hate crimes; dating apps and digital desire; outness in the film and television industry; borders and LGBTQ asylum seekers; health and fitness activities; and DEI initiatives in the workplace – Rainbow Trap documents how inclusive interventions – such as new legislation, revamped diversity policies and tech fixes – have attempted to bring historically marginalized communities out of the shadows.Yet, as part of the bargain, LGBTQ people need to locate themselves in an ever-growing list of classifications, categories and labels to 'make sense' to the very systems they are seeking to access. This requirement to be classified catches LGBTQ communities in a rainbow trap. Because when we look beyond the welcoming veneer of inclusive interventions, we uncover sorting processes that determine what LGBTQ lives are valued and what queer futures are possible. 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

Mara Einstein sees the future of marketing as increasingly intertwined with manipulative tactics that mirror those used by cults, especially as advertising becomes more deeply embedded in digital and social spaces. She notes that the online environment has grown more deceptive, with advertising often disguised as content—such as branded journalism or influencer endorsements—making it harder for consumers to recognize when they are being marketed to. Einstein highlights that the migration of these techniques to digital platforms amplifies their impact, as algorithms and artificial intelligence allow marketers to target individuals with personalized appeals that exploit psychological and emotional vulnerabilities. The shift from genuine community-building to commercial exploitation means that tactics designed to foster belonging, unity, and personal growth are increasingly used to drive exclusion, blame, and consumer dependency She warns that as society becomes more desocialized and emotionally alienated, people are more susceptible to these manipulative strategies, which are now deployed at scale through social media, influencer culture, and algorithmic targeting. Einstein argues that recognizing and understanding these cult-inspired marketing methods is essential for consumers to defend themselves and for society to foster healthier, more authentic forms of connection and engagement. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Pathogens of Finance: How Capitalism Breeds Vector-Borne Disease (University of California Press, 2025) by Dr. Brent Z. Kaup & Dr. Kelly F. Austin is an exploration of how the rising power and profits of Wall Street underpin the contemporary increases in and inadequate responses to vector-borne disease. Over the past fifty years, insects have transmitted infectious diseases to humans with greater frequency and in more unexpected places. To examine this phenomenon, Dr. Kaup and Dr. Austin take readers to the exurban homes of northern Virginia; the burgeoning agricultural outposts of Mato Grosso, Brazil; and the smallholder coffee farms of the Bududa District of eastern Uganda. Through these case studies, the authors illuminate how the broader financialization of society is intimately intertwined with both the creation of landscapes more conducive to vector-borne disease and the failure to prevent and cure such diseases throughout the world. 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