In Health Freaks: America's Diet Champions and the Specter of Chronic Illness (University of North Carolina Press, 2024) Dr. Travis A. Weisse tells a new history of modern diets in America that goes beyond the familiar narrative of the nation's collective failure to lose weight. By exploring how the popularity of diets grew alongside patients' frustrations with the limitations and failures of the American healthcare system in the face of chronic disease, Weisse argues that millions of Americans sought "fad" diets—such as the notorious Atkins program which ushered in the low-carbohydrate craze—to wrest control of their health from pessimistic doctors and lifelong pharmaceutical regimens. Drawing on novel archival sources and a wide variety of popular media, Dr. Weisse shows the lengths to which twentieth-century American dieters went to heal themselves outside the borders of orthodox medicine and the subsequent political and scientific backlash they received. Through colorful profiles of the leaders of four major diet movements, Health Freaks demonstrates that these diet gurus weren't shady snake oil salesmen preying on the vulnerable; rather, they were vocal champions for millions of frustrated Americans seeking longer, healthier lives. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to What Just Happened, a Recall This Book experiment. In it you will hear three friends of RTB reacting to the 2024 election and discussing the coming four years. Mark Blyth (whose planned February 2020 appearance was scrubbed by the pandemic) is an international economist from Brown University, whose many books for both scholars and a popular audience include Great Transformations (2002), Angrynomics (2020; with Eric Lonergan) and (with Nicolo Fraccaroli) Inflation: A Guide for Users and Losers (New York: Norton 2025). Learn more about your ad choices. Visit megaphone.fm/adchoices

Balkan Cyberia: Cold War Computing, Bulgarian Modernisation, and the Information Age Behind the Iron Curtain (MIT Press, 2023) examines the history of the computer industry in socialist Bulgaria. Combining the histories of technology and political economy with that of the Cold War and the modern Balkans, Balkan Cyberia challenges the notions of backwardness, the importance of small states in large geopolitical systems, the nature of the Iron Curtain, and the concept of 1989 as a convenient end-point in the history of communism. By drawing on Bulgarian, Indian, and Russian archives, as well as a range of interviews, this work reveals how a small Balkan state used its unique advantages to gain major markets, and in the process transform its political thinking. A local and a global story at the same time, the story of the Bulgarian computer offers unique insights into the history of the twentieth century information age. Iva Glisic is a historian and art historian specialising in modern Russia and the Balkans. Learn more about your ad choices. Visit megaphone.fm/adchoices

What can dresses, bedlinens, waistcoats, pantaloons, shoes, and kerchiefs tell us about the legal status of the least powerful members of American society? In the hands of eminent historian Laura F. Edwards, these textiles tell a revealing story of ordinary people and how they made use of their material goods' economic and legal value in the period between the Revolution and the Civil War. Only the Clothes on Her Back: Clothing and the Hidden History of Power in the Nineteenth-Century United States (Oxford University Press, 2022) by Dr. Laura F. Edwards uncovers practices, commonly known then, but now long forgotten, which made textiles—clothing, cloth, bedding, and accessories, such as shoes and hats—a unique form of property that people without rights could own and exchange. The value of textiles depended on law, and it was law that turned these goods into a secure form of property for marginalized people, who not only used these textiles as currency, credit, and capital, but also as entree into the new republic's economy and governing institutions. Dr. Edwards grounds the laws relating to textiles in engaging stories from the lives of everyday Americans. Wives wove linen and kept the proceeds, enslaved people traded coats and shoes, and poor people invested in fabrics, which they carefully preserved in trunks. Dr. Edwards shows that these stories are about far more than cloth and clothing; they reshape our understanding of law and the economy in America. Based on painstaking archival research from fifteen states, Only the Clothes on Her Back reconstructs this hidden history of power, tracing it from the governing order of the early republic in which textiles' legal principles flourished to the textiles' legal downfall in the mid-nineteenth century when they were crowded out by the rising power of rights. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to replace production as the engine of economic growth. In the global South, financial liberalization has exacerbated long-standing patterns of boom-and-bust cycles, and the growth of the financial sector has caused anxieties that speculative investments in natural resource extraction, urban real estate, and rural farm land are dispossessing and displacing people rather than improving human development. Overall, the growth of the financial sector has created the perception that we’re entering a new phase in capitalism’s history in which speculation and rent-seeking have displaced production as the engines of economic growth. My guest today, the political economist Nick Bernards, challenges this narrative. In his new book, Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism (Pluto Press, 2024), Bernards argues that we need to re-center labor in narratives about the expansion of finance, that speculation and the subsumption of nature are always central to capitalism, and that major private-sector financial institutions have actually been reluctant to invest in major development projects in the global south. The main problem with the growth of finance is that it makes more exploitation, displacement, and environmental damage – in short, more capitalism – possible. Nick Bernards is Associate Professor of Global Sustainable Development at the University of Warwick. He is the author of A Critical History of Poverty Finance (Pluto, 2022) and The Global Governance of Precarity (Routledge, 2018). Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1708, the governor of South Carolina responded to a request from London to provide a detailed account of the colony's population. Among the groups included in this report was an often-overlooked segment—Native Americans, who comprised roughly a quarter of the colony’s enslaved population. However, not long after, references to enslaved Native people largely disappeared from the historical record. In Enslaved Native Americans and the Making of Colonial South Carolina (Johns Hopkins University Press, 2024), D. Andrew Johnson argues that Native Americans played a pivotal role in shaping South Carolina's economy and culture. Through extensive research, including a database of over 15,000 references to enslaved individuals, Dr. Johnson employs an interdisciplinary approach to expand the historical narrative and center the experiences of enslaved Native people. In addition to his archival work, he uses spatial analysis and archaeological evidence to explore Native slavery within the context of plantation life. While much of their impact was erased from mainstream history, the contributions of enslaved Native people were evident in the agricultural technologies they introduced, their influence on Creole culture, and the wealth and power amassed by early colonists as a result of their labor. D. Andrew Johnson is a historian of early-modern America and the Atlantic. He is the coeditor of Atlantic Environments and the American South. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do states build vital institutions for market development? Too often, governments confront technical or political barriers to providing the rule of law, contract enforcement, and loan access. In From Click to Boom: The Political Economy of E-Commerce in China (Princeton, 2024) Lizhi Liu suggests a digital solution: governments strategically outsourcing tasks of institutional development and enforcement to digital platforms—a process she calls “institutional outsourcing.” China’s e-commerce boom showcases this digital path to development. In merely two decades, China built from scratch a two-trillion-dollar e-commerce market, with 800 million users, seventy million jobs, and nearly fifty percent of global online retail sales. Contrary to conventional wisdom, Liu argues, this market boom occurred because of weak government institutions, not despite them. Gaps in government institutions compelled e-commerce platforms to build powerful private institutions for contract enforcement, fraud detection, and dispute resolution. For a surprisingly long period, the authoritarian government acquiesced, endorsed, and even partnered with this private institutional building despite its disruptive nature. Drawing on a plethora of interviews, original surveys, proprietary data, and a field experiment, Liu shows that the resulting e-commerce boom had far-reaching effects on China. Institutional outsourcing nonetheless harbors its own challenges. With inadequate regulation, platforms may abuse market power, while excessive regulation stifles institutional innovation. China’s regulatory oscillations toward platforms—from laissez-faire to crackdown and back to support—underscore the struggle to strike the right balance. Lizhi Liu is assistant professor at the McDonough School of Business at Georgetown University, where she is also a faculty affiliate of the Department of Government. Her work has been published by American Economic Review: Insights, Studies in Comparative International Development, Minnesota Law Review, Oxford University Press, and Princeton University Press. She was also listed as a Poets&Quants Top 50 Undergraduate Business Professor of 2021. She holds degrees in Political Science (PhD), Statistics (MS), and International Policy Studies (MA) from Stanford University and in International Relations (LLB) from Renmin University of China. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China’s Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen’s other NBN interviews relating to China’s tech sector include Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba’s business model and organizational culture, Surveillance State, on China’s digital surveillance, Prototype Nation, on the culture and politics of China’s innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is episode three Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. For much of the 20th century, few economists studied inequality. “Watching the study of inequality was like watching the grass grow,” is the way inequality scholar James K. Galbraith put it to us. Yet, the inequality studies grass is growing today–really, it’s something of a lush jungle. Arguably, the return of inequality studies is biggest change that has happened in economics over the last decade or so. Why did it return? Just as importantly, how could it have possibly disappeared? On this episode, we survey the broad political and intellectual history of inequality studies in economics. First, economist Branko Milanovic, author of Visions of Inequality: From the French Revolution to the End of the Cold War, introduces us to a few of the reasons why inequality was marginalized, including the mathematization of the economic mainstream. In short, we sidelined the political in political economy. Then, political theorist Michael Thompson, author of The Politics of Inequality: A Political History of the Idea of Economic Inequality in America, introduces us to the work of Frank Knight and other market-friendly economists who provided ideological justification for widening inequality. Finally, inequality scholar Poornima Paidipaty, speaks to us about the return of inequality studies, particularly through the landmark work of Thomas Piketty. Yet, Paidipaty and her co-author Pedro Ramos Pinto highlight some of the limits of Picketty’s vision in their article “Revisiting the “Great Levelling”: The limits of Piketty’s Capital and Ideology for understanding the rise of late 20th century inequality.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Paper, bottles, metal scrap, kitchen garbage, rubber, hair, fat, rags, and bones--the Nazi empire demanded its population obsessively collect anything that could be reused or recycled. Entrepreneurs, policy makers, and ordinary citizens conjured up countless schemes to squeeze value from waste or invent new purposes for defunct or spent material, no matter the cost to people or the environment. As World War II dragged on, rescued loot--much of it waste--clogged transport routes and piled up in warehouses across Europe. Historicizing the much-championed ideal of zero waste, Anne Berg shows that the management of waste was central to the politics of war and to the genesis of genocide in the Nazi Germany. Destruction and recycling were part of an overarching strategy to redress raw material shortages, procure lebensraum, and cleanse the continent of Jews and others considered undesirable. Fostering cooperation between the administration, the party, the German Army, the SS, and industry, resource extending schemes obscured the crucial political role played by virtually all German citizens to whom salvaging, scrapping, and recycling were promoted as inherently virtuous and orderly behaviors. Throughout Nazi occupied-Europe, Jews, POWs, concentration camp inmates, and enemy civilians were forced to recycle the loot, discards, and debris of the Nazi race war. In the end, the materials that were fully exploited and the people who had been bled dry were cast aside, buried, burned, or left to rot. Nonetheless, waste reclamation did not have the power to win the war. Illuminating how the Nazis inverted the economy of value, rescuing discards and murdering people, Empire of Rags and Bones: Waste and War in Nazi Germany (Oxford UP, 2024) offers an original perspective on genocide, racial ideology, and World War II. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Routledge Handbook of Esports (Routledge, 2024) offers the first fully comprehensive, interdisciplinary study of esports, one of the fastest growing sectors of the contemporary sports and entertainment industries. Global in coverage, the book emphasizes the multifaceted nature of esports and explores the most pressing issues defining the competitive video gaming landscape today. Featuring the work of 93 leading esports academics and industry specialists from around the world, and rigorously peer-reviewed, the book is structured around ten key themes: 1) Introduction to Esports, 2) Esports Research, 3) Esports Players, 4) Esports Business and Management, 5) Esports Media and Communication, 6) Esports Education, 7) Critical Concerns in Esports, 8) Global Esports Cultures, 9) Esports Future Directions, and 10) Key Terms Definitions. Examining the current state of esports, emerging areas of interest and the ongoing debates shaping the esports industry, each of the 62 chapters offers key highlights, an assessment of the latest research, practical esports examples and recommendations, and is complemented by enlightening case studies or industry interviews. For further academic and professional depth, chapters also include a guide to recommended additional resources. Explaining technical terms and gaming jargon in a user-friendly manner, and maintaining a balanced tone throughout, this handbook is essential reading for any student or researcher with an interest in esports, gaming, or sport studies, and for any practitioner or policy-maker working in the esports industry. Rudolf Thomas Inderst (*1978) enjoys video games since 1985. He received a master’s degree in political science, American cultural studies as well as contemporary and recent history from Ludwig-Maximilians-University, Munich and holds two PhDs in game studies (LMU & University of Passau). Currently, he's teaching as a professor for game design at the IU International University for Applied Science, has submitted his third dissertation at the University of Vechta, holds the position as lead editor at the online journal Titel kulturmagazin for the game section, hosts the German local radio show Replay Value and is editor of the weekly game research newsletter DiGRA D-A-CH Game Studies Watchlist. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Dr. Shahar Hameiri and Dr. Lee Jones discuss the political economy and financing behind global infrastructure development, with a focus on China’s Belt and Road Initiative (BRI). The discussion explores the driving forces behind Chinese infrastructure investment, while addressing the crucial question of why American and European initiatives such as Global Gateway and the Program for Global Infrastructure and Investment struggle to compete with the BRI. We discuss dynamics of public and private finance, the role of public-private partnerships, and the challenges private investors face. Importantly, this episode reveals the U.S. Development Finance Corporation’s increasing reliance on private capital, and the decline of the construction sector in the U.S. economy. This comprehensive view shows how different financing and development models shape the global infrastructure landscape, how infrastructure development has evolved into its current state, and novel fields of competition, such as undersea Internet cables. Hameiri and Jones are co-authors of Fractured China: How State Transformation is Shaping China's Rise (Cambridge University Press, 2021). Dr. Hameiri is Professor in the School of Political Science and International Relation at The University of Queensland. A political economist with diverse research interests, traversing the fields of security, development and aid, governance, political geography and international relations, he is interested in understanding the evolving nature of statehood and political agency under conditions of globalisation. His books include International Intervention and Local Politics (Cambridge University, 2017), Governing Borderless Threats: Non-Traditional Security and the Politics of State Transformation (Cambridge University Press, 2015), and Regulating Statehood (Palgrave Macmillan, 2010), and he is a co-editor for the fourth edition of The Political Economy of Southeast Asia: Poliltics and Uneven Development Under Hyperglobalisation (Palgrave Macmillan, 2020). X: @ShaharHameiri. Dr. Jones is Professor in International Politics at the Queen Mary University of London. Lee specialises in political economy and international relations, focusing on the politics of intervention, security, and governance, with a particular interest in social conflict and the transformation of states. Much of his work focuses on Southeast Asia and China. Lee regularly advises the British and other governments and civil society organisations and has often appeared in the national and international media. A fellow of the Higher Education Academy, he also sits on the board of Palgrave’s series Studies in the Political Economy of Public Policy, and the ESRC’s peer review college. For further information see www.leejones.tk. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this deeply researched and compelling narrative, journalist Mara Kardas-Nelson examines the complex history and impact of microfinance - the practice of giving small loans to poor people, particularly women, that was once hailed as a revolutionary solution to global poverty. Through intimate portraits of borrowers in Sierra Leone and extensive interviews with key figures in the microfinance movement, Kardas-Nelson reveals how an idea that began with noble intentions became a multi-billion dollar industry with sometimes devastating consequences for the very people it aimed to help. We Are Not Able to Live in the Sky: The Seductive Promise of Microfinance (Metropolitan Books, 2024) weaves together two parallel narratives: the stories of women in Sierra Leone struggling with high-interest microloans while trying to support their families, and the history of how microfinance evolved from a small experiment into a global phenomenon championed by the likes of Hillary Clinton and Muhammad Yunus. Through careful reporting and historical analysis, Kardas-Nelson explores how problematic ideologies about poverty, entrepreneurship, and individual responsibility shaped the development of microfinance programs, often overlooking local economic realities and existing informal lending practices. What makes this book particularly valuable is how it challenges conventional narratives about microfinance without dismissing the real needs that drive people to seek these loans. Through detailed portraits of women in Sierra Leone, Kardas-Nelson shows how borrowers navigate a complex web of debt, social obligations, and economic pressures. The author raises important questions about whether encouraging poor people to take on high-interest debt is truly the best way to address poverty, while also examining alternative approaches like direct cash transfers and comprehensive social services. This timely investigation offers crucial insights for anyone interested in international development, poverty alleviation, and the often unintended consequences of well-meaning interventions in the lives of the world's poor. Through meticulous reporting and thoughtful analysis, Kardas-Nelson challenges readers to think more critically about how we approach poverty alleviation and what truly constitutes meaningful economic development. Learn more about your ad choices. Visit megaphone.fm/adchoices

Following the Great Depression, as the world searched for new economic models, Brazil and Portugal experimented with corporatism as a “third path” between laissez-faire capitalism and communism. In a corporatist society, the government vertically integrates economic and social groups into the state so that it can manage labor and economic production. In the 1930s, the dictatorships of Getúlio Vargas in Brazil and António de Oliveira Salazar in the Portuguese Empire seized upon corporatist ideas to jump-start state-led economic development. In A Third Path: Corporatism in Brazil and Portugal (Princeton University Press, 2024), Dr. Melissa Teixeira examines these pivotal but still understudied initiatives. What distinguished Portuguese and Brazilian corporatism from other countries’ experiments with the mixed economy was how Vargas and Salazar dismantled liberal democratic institutions, celebrating their efforts to limit individual freedoms and property in pursuit of economic recovery and social peace. By tracing the movement of people and ideas across the South Atlantic, Teixeira vividly shows how two countries not often studied for their economic creativity became major centers for policy experimentation. Portuguese and Brazilian officials created laws and agencies to control pricing and production, which in turn generated new social frictions and economic problems, as individuals and firms tried to evade the rules. And yet, Teixeira argues, despite the failings and frustrations of Brazil’s and Portugal’s corporatist experiments, the ideas and institutions tested in the 1930s and 1940s constituted a new legal and technical tool kit for the rise of economic planning, shaping how governments regulate labor and market relations to the present day. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Peoples & Things host, Lee Vinsel, talks with Salem Elzway, postdoctoral fellow in the Society of Fellows in the Humanities at University of Southern California, and Jason Resnikoff, assistant professor of contemporary history at the University of Groningen, about the history of automation. The discussion takes as its launching point an essay Elzway and Resnikoff published in the journal Labor titled, “Whence Automation?: The History (and Possible Futures) of a Concept.” The conversation approaches the history of automation and how to study it from a number of angles, including diving into Elzway’s and Resnikoff’s individual research agendas, as well as discussion of the nature of collaborative work in history, a field that can sometimes be all-too competitive and turf-like. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Savings and Trust: The Rise and Betrayal of the Freedman's Bank (W. W. Norton, 2024), Justene Hill Edwards exposes how the rise and tragic failure of the Freedman’s Bank has shaped economic inequality in America. In the years immediately after the Civil War, tens of thousands of former slaves deposited millions of dollars into the Freedman’s Bank. African Americans envisioned this new bank as a launching pad for economic growth and self-determination. But only nine years after it opened, their trust was betrayed and the Freedman’s Bank collapsed. Fully informed by new archival findings, historian Justene Hill Edwards unearths a major turning point in American history in this comprehensive account of the Freedman’s Bank and its depositors. She illuminates the hope with which the bank was first envisioned and demonstrates the significant setback that the sabotage of the bank caused in the fight for economic autonomy. Hill Edwards argues for a new interpretation of its tragic failure: the bank’s white financiers drove the bank into the ground, not Fredrick Douglass, its final president, or its Black depositors and cashiers. A page-turning story filled with both well-known figures like Abraham Lincoln, Frederick Douglass, Jay and Henry Cooke, and General O. O. Howard, and less well-known figures like Dr. Charles B. Purvis, John Mercer Langston, Congressman Robert Smalls, and Ellen Baptiste Lubin. Savings and Trust is necessary reading for those seeking to understand the roots of racial economic inequality in America. Justene Hill Edwards is an associate professor of history at the University of Virginia and the author of both Unfree Markets and a forthcoming Norton Short on the history of inequality in America. She lives in Charlottesville, Virginia. Twitter. Website. Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices

Oil is everywhere. It’s in our cars, it’s in the fertilizer used to grow our food, and it’s in the plastics used to produce and transport our consumer goods, to name just a few prominent uses. How did oil come to occupy its central position in the world economy? How did corporate power shape the uptake, pricing, and distribution of oil and petrochemicals? And how have changes in oil markets affected broader trends in the global economy? In Crude Capitalism: Oil, Corporate Power, and the Making of the World Market (Verso, 2024), my guest Adam Hanieh tackles all of these questions by tracing the history and diverse geographies of oil. His narratives weaves together links between oil, geopolitics, high finance, the evolution of corporate organization, and the environment. Adam Hanieh is Professor of Political Economy and Global Development at the University of Exeter in the UK. He is currently a Distinguished Visiting Professor at Tsinghua University in Beijing. He is previous books are Lineages of Revolt (2013) and Money, Markets, and Monarchies: The Gulf Cooperation Council and the political economy of the contemporary Middle East (2020). Learn more about your ad choices. Visit megaphone.fm/adchoices

This is episode two Cited Podcast’s new season, the Use & Abuse of Economic Expertise. This season tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. This episode looks at shifting landscape of economic thinking within the Democratic Party. First, historian Lily Geismer, author of Left Behind: The Democrats’ Failed Attempt to Solve Inequality, tells us the story of how the Democrats became captured by the Clintonian ‘Third Way.’ The Third Way argued that economic policy should move away from the sunset industries, like the unionized industrial labour that typically made the Democratic base, and move towards the sunrise industries of tech and finance. Then, the Biden team came to see this thinking as precipitating the rise of Trumpism. So free-wheeling trade and industrial policy is out, and the Clinton-era neoliberal consensus just is not a consensus anymore–some even claim neoliberalism is dead. Bidenomics replaced it, whatever that is. Yet, Bidenomics was a political dud, and now it looks like it might be on the way out. Where is the US’ economic policy thinking going on November 5th, and beyond? We try to figure that out, with the help of political economist Mark Blyth, author of the forthcoming Inflation: A Guide for Users and Losers. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the emergence of money in the ancient world to today’s interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

A thought-provoking reconsideration of how the revolutionary movements of the 1970s set the mold for today's activism. The 1970s was a decade of "subversives". Faced with various progressive and revolutionary social movements, the forces of order--politicians, law enforcement, journalists, and conservative intellectuals--saw subversives everywhere. From indigenous peasant armies and gay liberation organizations, to anti-nuclear activists and Black liberation militants, subversives challenged authority, laid siege to the established order, and undermined time-honored ways of life. Every corner of the left was fertile ground for subversive elements, which the forces of order had to root out and destroy--a project they pursued with zeal and brutality. In The Subversive Seventies (Oxford UP, 2023), Michael Hardt sets out to show that popular understandings of the political movements of the seventies--often seen as fractious, violent, and largely unsuccessful--are not just inaccurate, but foreclose valuable lessons for the political struggles of today. While many accounts of the 1970s have been written about the regimes of domination that emerged throughout the decade, Hardt approaches the subversive from the perspectives of those who sought to undermine the base of established authority and transform the fundamental structures of society. In so doing, he provides a novel account of the theoretical and practical projects of liberation that still speak to us today, too many of which have been all but forgotten. Departing from popular and scholarly accounts that focus on the social movements of the 1960s, Hardt argues that the 1970s offers an inspiring and useful guide for contemporary radical political thought and action. Although we can still learn much from the movements of the sixties, that decade's struggles for peace, justice, and freedom fundamentally marked the end of an era. The movements of the seventies, in contrast, responded directly to emerging neoliberal frameworks and other structures of power that continue to rule over us today. They identified and confronted political problems that remain central for us. The 1970s, in this sense, marks the beginning of our time. Looking at a wide range of movements around the globe, from the United States, to Guinea Bissau, South Korea, Chile, Turkey, and Italy, The Subversive Seventies provides a reassessment of the political action of the 1970s that sheds new light not only on our revolutionary past but also on what liberation can be and do today. Michael Hardt teaches political theory in the Literature Program at Duke University. He is co-author, with Antonio Negri, of the Empire trilogy and, most recently, Assembly. He is co-director with Sandro Mezzadra of The Social Movements Lab. 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

Are financial markets lawless and irrational? It may seem that way from the outside, but for market insiders there are multiples sets of rules that they break at their peril.  Official rules set by law or by the exchanges exist alongside unofficial rules, or floor rules. Between these, it is the floor rules -- the norms followed by other insiders -- that matter most. Breaking an official rule might lead to a fine or even jail. Breaking floor rules can lead to being ostracized from markets as well as social and financial ruin. In Floor Rules: Insider Culture in Financial Markets (Yale UP, 2024), Mark W. Geiger tells compelling stories of market disturbances in which insider rules played a key role. He examines the norms, customs, values, and operating modes of insiders at the center of financial markets that trade money, stocks, bonds, futures, and other financial derivatives. These core insiders are a relatively small group who govern the markets.  The book tells the riveting story of Benjamin Hutchinson, who made national news for his dramatic 1888 wheat market corner in Chicago, in which he outsmarted four powerful traders who had joined to force him out of the market, survived a life-threatening physical assault on the trading floor, and almost brought down the Chicago wheat market.  It also unpacks the LIBOR scandal of 2008 in which bankers in major international firms manipulated interbank loan rates to inflate their own profits at the expense of investors and at tremendous risk to the industry.  Geiger analyzes the cultural history of market trading, describes the role of insiders, and suggests where this peculiar, ingrown culture is heading in an era of technological change. The book releases on October 29, the 95th anniversary of the Black Tuesday crash of 1929, the beginning of the Great Depression.  Related resources: Mark Geiger's personal website and portfolio of generative AI artwork Author recommended reading: Den of Thieves by James B. Stewart Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof and Robert J. Shiller Hosted by Meghan Cochran  NOTE: Kluge Fellow at the Library of Congress should have been pronounced with a hard "g" as in kloo-ghee. Learn more about your ad choices. Visit megaphone.fm/adchoices

At a time when critiques of free trade policies are gaining currency, The Neomercantilists: A Global Intellectual History (Cornell UP, 2021) helps make sense of the protectionist turn, providing the first intellectual history of the genealogy of neomercantilism. Eric Helleiner identifies many pioneers of this ideology between the late eighteenth and early twentieth centuries who backed strategic protectionism and other forms of government economic activism to promote state wealth and power. They included not just the famous Friedrich List, but also numerous lesser-known thinkers, many of whom came from outside of the West. Helleiner's novel emphasis on neomercantilism's diverse origins challenges traditional Western-centric understandings of its history. It illuminates neglected local intellectual traditions and international flows of ideas that gave rise to distinctive varieties of the ideology around the globe, including in Latin America, the Caribbean, Africa, and Asia. This rich history left enduring intellectual legacies, including in the two dominant powers of the contemporary world economy: China and the United States. The result is an exceptional study of a set of profoundly influential economic ideas. While rooted in the past, it sheds light on the present moment. The Neomercantilists shows how we might construct more global approaches to the study of international political economy and intellectual history, devoting attention to thinkers from across the world, and to the cross-border circulation of thought. Eric Helleiner is an author and professor of political science and the Faculty of Arts Chair in International Political Economy at the University of Waterloo. 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

In Cattle in the Postcolumbian Americas: A Zooarchaeological Historical Study (University Press of Florida, 2024), Nicolas Delsol compares zooarchaeological and material evidence from sites across Mesoamerica and the Caribbean to show how the introduction of cattle, beginning with imports by Spanish colonizers in the 1500s, shaped colonial American society. Before European colonization, cows were vital in European and African societies but were unknown to the Native communities of the Western Hemisphere. This book traces their impact in the Americas by using a broad range of methods, such as ancient DNA analyses on faunal collections from major postcolumbian sites. Delsol describes the place of cattle in the colonial culture and landscape, beginning with the transportation of cattle across the Atlantic and moving to herding practices in new habitats, butchery techniques, and the production, trading, and use of cow byproducts. Cattle in the Postcolumbian Americas is the first large-scale regional archaeological study of the introduction of a European domesticated species to the Americas. Using both zooarchaeological and historical data, Delsol argues that the arrival of cattle was a major consequence of European colonization with effects that have often been overlooked. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens after colonial industries have run their course—after the factory closes and the fields go fallow? Set in the cinchona plantations of India’s Darjeeling Hills, Quinine's Remains: Empire’s Medicine and the Life Thereafter (U California Press, 2024) chronicles the history and aftermaths of quinine. Harvested from cinchona bark, quinine was malaria’s only remedy until the twentieth-century advent of synthetic drugs, and it was vital to the British Empire. Today, the cinchona plantations—and the roughly fifty thousand people who call them home—remain. Their futures, however, are unclear. The Indian government has threatened to privatize or shut down this seemingly obsolete and crumbling industry, but the plantation community, led by strident trade unions, has successfully resisted. Overgrown cinchona fields and shuttered quinine factories may appear the stuff of postcolonial and postindustrial ruination, but quinine’s remains are not dead. Rather, they have become the site of urgent efforts to redefine land and life for the twenty-first century. Quinine's Remains offers a vivid historical and ethnographic portrait of what it means to forge life after empire. Rounak Bose is a doctoral student in History at the University of Delaware. His research explores questions of caste, religiosities, sacred infrastructures, and performance in the interstices of the colonial and postcolonial state, as well as mobilities and circulations across South Asia and Indian Ocean networks. Besides these specific interests, my disciplinary interests revolve around anthropology, literature, and public history, and the digital humanities. When not reading or writing in the university library, Rounak can be found running along Newark's hiking trails and petting the dogs he meets along the way. Link to twitter page Learn more about your ad choices. Visit megaphone.fm/adchoices

Augustine believed that slavery is permissible, but to understand why, we must situate him in his late antique Roman intellectual context. Slaves of God: Augustine and Other Romans on Religion and Politics (Princeton UP, 2024) provides a major reassessment of this monumental figure in the Western religious and political tradition, tracing the remarkably close connections between Augustine’s understanding of slavery and his broader thought. Augustine is most often read through the lens of Greek philosophy and the theology of Christian writers such as Paul and Ambrose, yet his debt to Roman thought is seldom appreciated. Toni Alimi reminds us that the author of Confessions and City of God was also a Roman citizen and argues that some of the thinkers who most significantly shaped his intellectual development were Romans such as Cicero, Seneca, Lactantius, and Varro—Romans who had much to say about slavery and its relationship to civic life. Alimi shows how Augustine, a keen and influential student of these figures, related chattel slavery and slavery to God, and sheds light on Augustinianism’s complicity in Christianity’s long entanglement with slavery. An illuminating work of scholarship, Slaves of God reveals how slavery was integral to Augustine’s views about law, rule, accountability, and citizenship, and breaks new ground on the topic of slavery in late antique and medieval political thought. New Books in Late Antiquity is presented by Ancient Jew Review Toni Alimi is Assistant Professor at the Sage School of Philosophy at Cornell University Michael Motia teaches in Classics and Religious Studies at UMass Boston Learn more about your ad choices. Visit megaphone.fm/adchoices

Economics sometimes feels like a physics–so sturdy, so objective, and so immutable. Yet, behind every clean number or eye-popping graph, there is usually a rather messy story, a story shaped by values, interests, ideologies, and petty bureaucratic politics. In Cited Podcast’s new mini-series, the Use and Abuse of Economic Expertise, we tell the hidden stories of the economic ideas that shape our world. For future episodes of our series, and a full list of credits, visit our series page. On episode one, we begin at the beginning: the invention of the modern economy, or at least the idea of the economy. It starts with one measure: the GDP, or gross domestic product. It’s a measure that comes to define what we mean by ‘the economy.’ Before GDP, we did not really speak in those terms. Cited producer Alec Opperman talks to sociologist Dan Hirshman, who brings the story of the man who pioneered the GDP, Simon Kuznets. Yet, the GDP was not the measure the Kuznets hoped it would be. It’s a story that reveals the surprisingly contentious politics of counting things up. Plus, what about alternatives to GDP? The Genuine Progress Indicator, the Human Development Index, the Green GDP, and so on. These measures are said to be more progressive, as they often capture things we value (like, care work for instance), and subtracting out things we could use less off (like, environmental degradation). Scholars and policy wonks have been raging about these types of measures for decades, but they have not taken off. Why? Economic historian Dirk Philipsen, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It (Princeton UP, 2017), talks to Alec about why a good number alone is never enough to change the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sequels, reboots, franchises, and songs that remake old songs—does it feel like everything new in popular culture is just derivative of something old? Contrary to popular belief, the reason is not audiences or marketing, but Wall Street. In this book, Andrew deWaard shows how the financial sector is dismantling the creative capacity of cultural industries by upwardly redistributing wealth, consolidating corporate media, harming creative labor, and restricting our collective media culture. Moreover, financialization is transforming the very character of our mediascapes for branded transactions. Our media are increasingly shaped by the profit-extraction techniques of hedge funds, asset managers, venture capitalists, private equity firms, and derivatives traders. Illustrated with examples drawn from popular culture, Derivative Media: How Wall Street Devours Culture (University of California Press, 2024) offers readers the critical financial literacy necessary to understand the destructive financialization of film, television, and popular music—and provides a plan to reverse this dire threat to culture. A free digital version of this title is available here. Andrew deWaard is Assistant Professor of Media and Popular Culture at the University of California, San Diego, and coauthor of The Cinema of Steven Soderbergh: Indie Sex, Corporate Lies, and Digital Videotape. Peter C. Kunze is assistant professor of communication at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Critical Insights on Colonial Modes of Seeing Cattle in India: Tracing the Pre-history of Green and White Revolutions (Springer 2024) traces the contours of the symbiotic relationship between crop cultivation and cattle rearing in India by reading against the grain of several official accounts from the late colonial period to the 1980s. It also skillfully unpacks the multiple cultural expressions that revolve around cattle in India and the wider subcontinent to show how this domestic animal has greatly impacted political discourses in South Asia from colonial times, into the postcolonial period. The author begins by demonstrating the dependence between the nomadic cattle breeder and the settled cultivator, at the nexus of land-livestock-agriculture, as indicated in the writings of Sir Albert Howard, who espoused some of the most sophisticated ideas on integration, holism, and mixed farming in an era when agricultural research was marked by increasing specialisation and compartmentalization.  The book springboards with the views of colonial experts who worked at imperial science institutions but passionately voiced dissenting opinions due to their emotional investment in the lives of Indian peasants, of whom Howard was a leading light. The book presents Howard and his contemporaries’ writings to then engage contemporary debates surrounding organic agriculture and climate change, tracing the path out of the treadmill of industrial agriculture and factory farming. In doing so, the book shows how, historically, animal rearing has been critically linked to livelihood strategies in the Indian subcontinent. At once a dispassionate reflection on the role played by cattle and water buffaloes in not just supporting farm operations in the agro-pastoral landscape, but also in contributing to millions of livelihoods in sustainable ways while fulfilling the animal protein in the Indian diet, the book presents contemporary lessons on development perspectives relating to sustainable and holistic agriculture. A rich and sweeping treatment of this aspect of environmental history in India that tackles the transformations prompted by the arrival of veterinary medicine, veterinary education and notions of scientific livestock management, the book is a rare read for historians, environmentalists, agriculturalists, development practitioners, and animal studies scholars with a particular interest in South Asia. Learn more about your ad choices. Visit megaphone.fm/adchoices

A radical new reading of eighteenth-century British theorist Thomas Robert Malthus, which recovers diverse ideas about subsistence production and environments later eclipsed by classical economics With the publication of Essay on the Principle of Population and its projection of food shortages in the face of ballooning populations, British theorist Thomas Robert Malthus secured a leading role in modern political and economic thought. In this startling new interpretation, Deborah Valenze reveals how canonical readings of Malthus fail to acknowledge his narrow understanding of what constitutes food production. Valenze returns to the eighteenth-century contexts that generated his arguments, showing how Malthus mobilized a redemptive narrative of British historical development and dismissed the varied ways that people adapted to the challenges of subsistence needs. She uses history, anthropology, food studies, and animal studies to redirect our attention to the margins of Malthus’s essay, where activities such as hunting, gathering, herding, and gardening were rendered extraneous. She demonstrates how Malthus’s omissions and his subsequent canonization provided a rationale for colonial imposition of British agricultural models, regardless of environmental diversity. By broadening our conception of human livelihoods, Valenze suggests pathways to resistance against the hegemony of Malthusian political economy. The Invention of Scarcity: Malthus and the Margins of History (Yale UP, 2023) invites us to imagine a world where monoculture is in retreat and the margins are recentered as spaces of experimentation, nimbleness, and human flourishing. Deborah Valenze is the Ann Whitney Olin Professor of History at Barnard College. A recipient of numerous fellowships, she has written four previous books on British culture and economic life. She lives in Cambridge, MA, and New York City. 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

Electrifying Indonesia: Technology and Social Justice in National Development (U Wisconsin Press, 2023) tells the story of the entanglement of politics and technology during Indonesia's rapid post-World War II development. As a central part of its nation-building project, the Indonesian state sought to supply electricity to the entire country, bringing transformative socioeconomic benefits across its heterogeneous territories and populations. While this project was driven by nationalistic impulses, it was also motivated by a genuine interest in social justice. The entanglement of these two ideologies-nation-building and equity-shaped how electrification was carried out, including how the state chose the technologies it did. Private companies and electric cooperatives vied with the hegemonic state power company to participate in a monumental undertaking that would transform daily life for all Indonesians, especially rural citizens. In this innovative volume, Anto Mohsin brings Indonesian studies together with science and technology studies to understand a crucial period in modern Indonesian history. He shows that attempts to illuminate the country were inseparable from the effort to maintain the new nation-state, chart its path to independence, and legitimize ruling regimes. In exchange for an often dramatically improved standard of living, people gave their votes, and their acquiescence, to the ruling government. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the future of the film industry? In Mobile Hollywood Labor and the Geography of Production (U California Press, 2024), Kevin Sanson, Professor of Media Studies and Head of the School of Communication at Queensland University of Technology, examines the way Hollywood film production has become a global industry. The book theorises Hollywood as a distinct spatial assemblage, and examines the consequences of the rise of global, mobile film production for places and for workers. Offering a unique perspective on the challenges of this new mode of production, alongside insights on how ‘good work’ can be defended and preserved in media industries, the book is essential reading across the humanities and social sciences, as well as for anyone interested in media today. The book is also available open access here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Hispano Bastion: New Mexican Power in the Age of Manifest Destiny, 1837-1860 (University of New Mexico Press, 2023), historian Dr. Michael J. Alarid examines New Mexico's transition from Spanish to Mexican to US control during the nineteenth century and illuminates how emerging class differences played a crucial role in the regime change. After Mexico won independence from Spain in 1821, trade between Mexico and the United States attracted wealthy Hispanos into a new market economy and increased trade along El Camino Real, turning it into a burgeoning exchange route. As landowning Hispanos benefited from the Santa Fe trade, traditional relationships between wealthy and poor Nuevomexicanos--whom Alarid calls patrónes and vecinos--started to shift. Far from being displaced by US colonialism, wealthy Nuevomexicanos often worked in concert with new American officials after US troops marched into New Mexico in 1846, and in the process, Dr. Alarid argues, the patrónes abandoned their customary obligations to vecinos, who were now evolving into a working class. Wealthy Nuevomexicanos, the book argues, succeeded in preserving New Mexico as a Hispano bastion, but they did so at the expense of poor vecinos. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the early 1980s, Walt Disney Productions was struggling, largely bolstered by the success of its theme parks. Within fifteen years, however, it had become one of the most powerful entertainment conglomerates in the world. Staging a Comeback: Broadway, Hollywood, and the Disney Renaissance (Rutgers University Press, 2023) by Dr. Peter Kunze argues that far from an executive feat, this impressive turnaround was accomplished in no small part by the storytellers recruited during this period. Drawing from archival research, interviews, and textual analysis, Dr. Kunze examines how the hiring of theatrically trained talent into managerial and production positions reorganized the lagging animation division and revitalized its output. By Aladdin, it was clear that animation—not live action—was the center of a veritable “renaissance” at Disney, and the animated musicals driving this revival laid the groundwork for the company’s growth into Broadway theatrical production. The Disney Renaissance not only reinvigorated the Walt Disney Company but both reflects and influenced changes in Broadway and Hollywood more broadly. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

"With the benefit of hindsight, it is clear that 1949 was actually the beginning, not the end, of the Chinese revolution." Building from this premise, Andrew G. Walder's new book looks at the ways that China was transformed in the 1950s in order to understand why and how Mao's decisions and initiatives - among those of other leaders - had the effects that they did. Written for a broad reading audience, China Under Mao: A Revolution Derailed (Harvard University Press, 2015)focuses on a core theme: the results of Mao's initiatives were often "unintended, unanticipated, and unwanted," by Mao himself, the party leadership, and the broader population. To help readers understand why this is important and how it happened, the first part of Walder's book offers a detailed and compelling account of the Communist Party's road to power and the legacy of this struggle for what happened after, including a military mobilization that formed the bureaucratic foundation for the new Chinese state, an organization oriented toward discipline and unity, and a flawed economic system imported from the Soviet Union. (Walder pays special attention to the differences in party tactics for mobilizing the cities and countryside.) The later chapters explore the transformations in the party in the 1950s and after, including a significant change in the meaning and motives for party membership that spurred Mao to enact measures with consequences ranging from counterproductive to devastating. China Under Mao analyzes these consequences, including the political and organizational causes of the massive failure of the Great Leap Forward and its aftermath. The book ends with a call to rethink Mao's legacy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the nineteenth and twentieth centuries, a handful of powerful European states controlled more than a third of the land surface of the planet. These sprawling empires encompassed not only rainforests, deserts, and savannahs but also some of the world’s most magnificent rivers, lakes, marshes, and seas. Liquid Empire: Water and Power in the Colonial World (Princeton University Press, 2024) by Dr. Corey Ross tells the story of how the waters of the colonial world shaped the history of imperialism, and how this imperial past still haunts us today. Spanning the major European empires of the period, Dr. Ross describes how new ideas, technologies, and institutions transformed human engagements with water and how the natural world was reshaped in the process. Water was a realm of imperial power whose control and distribution were closely bound up with colonial hierarchies and inequalities—but this vital natural resource could never be fully tamed. Ross vividly portrays the efforts of officials, engineers, fisherfolk, and farmers to exploit water, and highlights its crucial role in the making and unmaking of the colonial order. Revealing how the legacies of empire have persisted long after colonialism ebbed away, Liquid Empire provides needed historical perspective on the crises engulfing the world’s waters, particularly in the Global South, where billions of people are faced with mounting water shortages, rising flood risks, and the relentless depletion of sea life. This interview was conducted by Dr. Miranda Melcher whose new 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

When U.S. presidents clash with corporate titans, what tips the balance of power? In The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry (Regnery History, 2024), acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation's commander in chief. He unearths the untold stories - both political and personal - that have shaped America. Troy shows how the vast reach of the federal government become a critical fact of life for every business, entrepreneur, and innovator. Today, companies find themselves navigating a competitive landscape defined by stringent regulations, so top CEOs and key business leaders must influence the legislative and regulatory system. As public affairs teams and government relations experts put forward strategies to survive Washington, CEOs have become the most important warrior on the frontlines. The Power and the Money shows how some of the nation's most important CEOs forged (and fumbled) relationships with the president. Troy also shows how the most powerful man in the world depends on CEOs. CEOs provide assistance in the form of personnel, policy insights, and campaign cash, but they also become essential foils for presidents, serving as both allies and convenient enemies. The Power and the Money reveals an intricate web of power, where CEOs need presidents, and presidents need CEOs. Troy shows how each must step carefully - or risk unpredictable costs and collateral damage. From heavyweights John D. Rockefeller and Mark Zuckerberg to Katherine Graham, Elon Musk, and more, Troy takes readers inside the friendships and the conflicts that shook the American economy and re-shaped America. Drawing on his experiences as bestselling historian and former senior White House aide, Troy offers unique insights and details that shed light on the growing, intertwining behemoths of government and big business - and what it means for the future of our nation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial Banking in Kenya: A History from Colonisation to Digital Age (Routledge, 2024) investigates the impact of commercial banks in Kenya right through from their origins, to their role during the colonial period, the process of adaptation following independence, and up to their responses to new challenges and economic policies in the twenty-first century. The British colonisation of East Africa required the development of diverse political, social and economic institutions to advance and exercise control over the territories and their populations. Multinational commercial banks were among the first institutions, with the National Bank of India, Standard Bank of South Africa and Barclays Bank DCO all setting up business in Kenya, whilst continuing to maintain close relationships with the UK and other colonial actors. This book assesses the impact of commercial banks during the last years of colonial domination and the tools they used to adapt in the first decades of independence. The book concludes by considering how the colonial banking system has influenced the development of modern financial institutions in Kenya in the twenty-first century. This book argues that commercial banks are fundamental to understanding African colonies, and the foundations over which the financial system of contemporary Africa was constructed. It will be of interest to researchers of banking, economic history, the colonial period, and African studies. Christian Velasco was born in Mexico City and studied History at the National Autonomous University of Mexico (UNAM), where he specialized in economic history. In 2013, he was awarded a master's degree at the London School of Economics, with a comparative study of banking in Ghana and Botswana. The University of Warwick awarded him a PhD in 2019, working under the supervision of David Anderson and Daniel Branch, with a dissertation titled The Kenyan Banking System: From Colonial Expansion to Independence Uncertainty, 1950–1970. He is currently full-time academic staff at the Centro de Investigación y Docencia Económica (CIDE) in Mexico City. Other publications discussed during the interview are: Rouse, M. , Bátiz-Lazo, B., and Carbo-Valverde, S. (2023) ‘M-Pesa and the role of the entrepreneurial state in a cashless technology to deliver an inclusive financial sector’, Essays in Economic and Business History, 41, pp. 109-133. Velasco, C. (2022), "The African Savers and the Post Office Savings Bank in Colonial Kenya (1910–1954)," The Journal of Imperial and Commonwealth History, DOI: 10.1080/03086534.2021.2020426 Willis, J. & Velasco, C. (2024), "Saving, Inheritance and Future-Making in 1940s Kenya," Past & Present, https://doi.org/10.1093/pastj/gtae013 Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 150 years ago, Marx published the first volume of Capital, a systematic and voluminous account of capitalism, from the economic bedrock all the way up to the social and political consequences. The book itself would stand as one of the most influential and decisive texts of all time, proving to be a wildly fruitful foundation for further research into everything it touched, and also becoming a cornerstone text for various political movements that would try and develop the critical analysis into a workable theory of action and social transformation. Even after its 1867 publication, the text remained a fluid, dynamic object, with a 2nd edition being put out in Marx’s own lifetime and a 3rd and 4th edition being published posthumously under the stewardship of Friedrich Engels. These later editions would be the foundations for the first two translations of the text into English, first by Edward Aveling and Sam Moore in 1887, and then by Ben Fowkes in 1976. Now in 2024, we can add a third version of the text in English. Translated by Paul Reitter and edited by both Paul Reitter and Paul North, Marx has been given a fresh voice with a new edition of the text that includes a foreword by Wendy Brown and an afterword by William Clare Roberts. The introduction by Paul North helps situate the text in Marx’s larger output, showing how it was the culmination of an early political radicalization that took time to develop into a more systematic critique. Paul Reitter’s preface explains some of the difficulties of translating such a large and complex text, and will help readers appreciate the care Marx chose his words with. Substantial editorial endnotes will help contextualize obscure phrases and terms, helping readers keep up with the massive scope of Marx’s vision as he pulls information, inspiration and ideas from economics, philosophy, literature and history into a cohesive yet dynamic vision of what the ceaseless pursuit of value was doing to our world, and what might be done about it. For this interview, there are two parts. For the first hour, Paul Reitter and Paul North sat together and discussed the main ideas of the text, the various ways it tries to develop its critical perspective and its continued importance. For the second hour, Paul Reitter stayed to discuss some passages in detail, explaining the various choices made and roads not traveled, and how he tried to bring various aspects of Marx’s voice into English. Translation is at least as much an art as a science, one that demands hermeneutic sensitivity as much as a knowledge of which words correspond to which. Reitter is a humble practitioner of what is often thankless work and makes no claim to being the final word on how best to translate Marx, but his contribution will absolutely raise the bar and give readers who’ve never read Marx an excellent place to start, and will give those familiar with the text a chance to see it in new light. To borrow a phrase from Marx himself, this new translation is as royal a road to science as we could ask for. Paul Reitter is a professor of Germanic languages at Ohio State University. Paul North is the Maurice Natanson professor of Germanic languages and literature at Yale University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. The Capital Market of Manila and the Pacific Trade, 1668-1838 (Palgrave Macmillan, 2024) offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic history of Pacific trade. The book explains how trade between Asia and Spanish America across the Pacific, which lasted for 250 years (1571 – 1815) was financed from the city of Manila.The book analyses the political economy and institutional structures of the Manila capital market in the context of the global silver trade, as well as addressing key similarities and differences with European trade routes and differing approaches to colonialism and commerce in Asian waters. It traces how the Manila capital market emerged in a bottom-up process with a redistributive aspect that tied the interests of citizens with the fortunes of trade, using institutions familiar to the public like legacy funds, brotherhoods and lay religious orders to pool liquidity, originate working capital, and internalise the risk of loss at sea. It challenges the notion that there is a normative model for the development of capital markets and introduces an industrial organisation analysis to the broader structure of Early Modern trade in the Spanish Empire. Sitting at the intersection of economic and financial history, global history, imperial history and political economy, this book will be a cutting-edge and valuable resource for a broad range of scholars: This book is based on the dissertation entitled: AN ALTERNATIVE MODEL FOR EARLY MODERN LONG-DISTANCE TRADE FINANCE: THE CAPITAL MARKETS OF MANILA, 1680-1838, London School of Economics, University of London, 2023. Winner of the Coleman Prize, 2024. Juan Jose Rivas Moreno is currently a Max Weber Fellow at the European University Institute. He has previously held an Economic History Society Fellowship affiliated with University College London (UCL), and was the recipient of a short-term fellowship at the Newberry Library of Chicago to conduct archival research during his PhD. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode focuses on a cluster of issues of longstanding significance in Southeast Asia and in Southeast Asian Studies – plantation agriculture, global commodity chains or supply chains, exploitation of labour and environmental degradation, and resistance. To discuss these issues, we are joined by Dr. Alyssa Paredes, an environmental and economic anthropologist who is an Assistant Professor in the Department of Anthropology at the University of Michigan. Dr. Paredes received her PhD in Anthropology (with distinction) from Yale University in 2020. Her work has been published in a variety of journals, including Antipode, Ethnos, Gastronomica, and the Journal of Political Ecology. She is a contributor to the edited volume Multispecies Justice and the Feral Atlas website, and she is co-editor of Halo-Halo Ecologies: The Emergent Environments Behind Filipino Food, forthcoming with the University of Hawai’i Press in April 2025. She is currently working on a book manuscript provisionally titled Bananapocalypse: Plantation Capitalism from Philippine Mindanao, which traces the afterlives of externalities in the making and unmaking of an industrial agricultural crop, drawing on approaches from such fields as anthropology, science and technology studies, human geography, and critical food studies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Underground Leviathan: Corporate Sovereignty and Mining in the Americas (U Nevada Press, 2024) explores the emergence, dynamics, and lasting impacts of a mining firm, the United States Company. Through its exercise of sovereign power across the borders of North America in the early twentieth century, the transnational US Company shaped the business, environmental, political, and scientific landscape. Between its initial incorporation in Maine in 1906 and its final demise in the 1980s, the mining company held properties in Utah, Colorado, California, Nevada, Alaska, Mexico, and Canada. The firm was a prototypical management-ruled corporation, which strategically planned and manipulated the technological, production, economic, urban, environmental, political, and cultural activities wherever it operated, all while shaping social actors internationally, including managers, engineers, workers, neighbours, and farmers. In this study, he aims to unearth the hidden relationships between communities that transcend national states. Throughout the book, the author points out how modern corporations are run by a kaleidoscope of interests and groups, and many of the issues they face are relevant today.  Israel García Solares was born and raised in the Xochimilco neighbourhood of Mexico City. I studied for an undergraduate and master's in economics at Mexico's National University (UNAM) and a PhD in History at El Colegio de México. García Solares is currently an Assistant Professor at the Institute for Research in Applied Mathematics and Systems at UNAM, and his research focuses on the global history of technological actors in the 20th century. Learn more about your ad choices. Visit megaphone.fm/adchoices

When scholars and policymakers consider how technological advances affect the rise and fall of great powers, they draw on theories that center the moment of innovation—the eureka moment that sparks astonishing technological feats. In Technology and the Rise of Great Powers: How Diffusion Shapes Economic Competition (Princeton UP, 2024), Jeffrey Ding offers a different explanation of how technological revolutions affect competition among great powers. Rather than focusing on which state first introduced major innovations, he investigates why some states were more successful than others at adapting and embracing new technologies at scale. Drawing on historical case studies of past industrial revolutions as well as statistical analysis, Ding develops a theory that emphasizes institutional adaptations oriented around diffusing technological advances throughout the entire economy. Examining Britain’s rise to preeminence in the First Industrial Revolution, America and Germany’s overtaking of Britain in the Second Industrial Revolution, and Japan’s challenge to America’s technological dominance in the Third Industrial Revolution (also known as the “information revolution”), Ding illuminates the pathway by which these technological revolutions influenced the global distribution of power and explores the generalizability of his theory beyond the given set of great powers. His findings bear directly on current concerns about how emerging technologies such as AI could influence the US-China power balance. Our guest today is: Jeffrey Ding, an Assistant Professor of Political Science at Georgetown University. Our host is Eleonora Mattiacci, an Associate Professor of Political Science at Amherst College. She is the author of "Volatile States in International Politics" (Oxford University Press, 2023). Learn more about your ad choices. Visit megaphone.fm/adchoices

From the spring of 1942 until the summer of 1944, some 45,000 Jewish men were forced to accompany Hungarian troops to the battle zone of the Soviet Union. Some 80% of the Jewish forced laborers never returned home. They fell prey to battle, starvation, disease, and grinding labor, aggravated immensely by brutality and even outright murder at the hands of the Hungarian soldiers responsible for them.  Conscripted Slaves: Hungarian Jewish Forced Laborers on the Eastern Front During the Second World War (Yad Vashem, 2014) constitutes a unique and invaluable chapter in the mosaic of Holocaust history. The laborers’ personal accounts speak powerfully to every Jewish family that lived under Hungarian rule during the Holocaust years, because it is their own personal story, but it is not one to be kept in the family alone, since it is profoundly relevant to all people. Learn more about your ad choices. Visit megaphone.fm/adchoices

When the USSR collapsed in 1991, the world was certain that Communism was dead. Today, three decades later, it is clear that it was not. While Russia may no longer be Communist, Communism and sympathy for Communist ideas have proliferated across the globe. In To Overthrow the World: The Rise and Fall and Rise of Communism (Basic Books, 2024), Sean McMeekin investigates the evolution of Communism from a seductive ideal of a classless society into the ruling doctrine of tyrannical regimes. Tracing Communism's ascent from theory to practice, McMeekin ranges from Karl Marx's writings to the rise and fall of the USSR under Stalin to Mao's rise to power in China to the acceleration of Communist or Communist-inspired policies around the world in the twenty-first century. McMeekin argues, however, that despite the endurance of Communism, it remains deeply unpopular as a political form. Where it has arisen, it has always arisen by force. Blending historical narrative with cutting-edge scholarship, To Overthrow the World revolutionizes our understanding of the evolution of Communism--an idea that seemingly cannot die. Learn more about your ad choices. Visit megaphone.fm/adchoices

There was nothing inevitable or natural about the rise of US finance capitalism in the early twentieth century.  In Dollars and Dominion: US Bankers and the Making of a Superpower, Mary Bridges shows how US foreign banking began as a side hustle of Gilded Age tycoons and evolved into a more staid, bureaucratized network for bolstering US influence overseas. The early waves of US bankers built a network of international branch banks that relied on the power of the US government, copied the example of British foreign bankers, and built new alliances with local elites.   Overseas bank branches provided sites for experimentation in how to fuse US political will with local innovations and on-the-ground improvisation. In the process, branch bankers constructed a flexible and durable new infrastructure that supported the growth of US power abroad.  Using details from ledger entries and other sources, Bridges shows how these branch bankers divided their local communities into groups of “us” and "them," either as potential clients or local populations. In doing so, they constructed a new architecture of US trade finance that relied on long-standing inequalities and hierarchies of privilege. Thus, ideas developed by wealthy white men became part of the enduring fabric of financial infrastructure. She also shows how bank branches could accommodate these hierarchies to make room for new ideas about serving local markets, in response to financial pressures of the 1920s and after the Great Depression cut off other avenues of growth.  Bridges also tells the story of how US bankers created a market based on a new financial asset enabled by the Federal Reserve System called bankers' acceptance and began to collect vast amounts of foreign credit information.  Related resources: Bankers and Empire: How Wall Street Colonized the Caribbean by Peter James Hudson Infrastructure Is Remaking Geopolitics: How Power Flows from the Systems That Connect the World by Mary Bridges  Author recommended reading:   Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Sean H. Vanatta The War Below: Lithium, Copper, and the Global Battle to Power Our Lives by Ernest Scheyder Hosted by Meghan Cochran  Learn more about your ad choices. Visit megaphone.fm/adchoices

How a journey through Italy casts light on secrets, stereotypes, and the manipulation of information in eighteenth-century science. In 1749, the celebrated French physicist Jean-Antoine Nollet set out on a journey through Italy to solve an international controversy over the medical uses of electricity. At the end of his nine-month tour, he published a highly influential account of his philosophical battle with his Italian counterparts, discrediting them as misguided devotees of the marvelous. Paola Bertucci's In the Land of Marvels: Science, Fabricated Realities, and Industrial Espionage in the Age of the Grand Tour (Johns Hopkins UP, 2023) brilliantly reveals the mysteries of Nollet's journey, uncovering a subterranean world of secretive and ambitious intelligence gathering masked as scientific inquiry. The advent of electricity was a pivotal phenomenon not only in the history of physical experimentation, but also in the cultivation of popular scientific interest. Nollet's journey was supposedly inspired by the need to investigate, and subsequently report on, claims of the use of electrified "medicated tubes" by their Italian inventor Gianfrancesco Pivati. Motivated by economic interests in the silk industry, Nollet's journey was in fact an undercover mission commissioned by the French state to discover the secrets of Italian silk manufacture and possibly supplant its international success. The event that sparked the medical controversy—the unusual cure of a bishop—was a complete fabrication. Bertucci insightfully contrasts published accounts of the event with private documents and discusses how eighteenth-century scientists published fictional events and results to bolster their careers, ultimately leading to long-lasting misrepresentations of scientific practice and enduring stereotypes. In the Land of Marvels reveals the constellation of historical actors, from reputed physicists to travel writers and electrical amateurs, who manipulated information to gain authority and prestige. Paola Bertucci (NEW HAVEN, CT) is a professor in the department of history at Yale University. She is the author of the award-winning Artisanal Enlightenment: Science and the Mechanical Arts in Old Regime France. 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

From the eighth to thirteenth centuries along China’s rugged southern periphery, trade in tribute articles and an interregional horse market thrived. These ties dramatically affected imperial China’s relations with the emerging kingdoms in its borderlands. Local chiefs before the tenth century had considered the control of such contacts an important aspect of their political authority. Rulers and high officials at the Chinese court valued commerce in the region, where rare commodities could be obtained and vassal kingdoms showed less belligerence than did northern ones. Trade routes along this Southwest Silk Road traverse the homelands of numerous non-Han peoples. In The Dong World and Imperial China's Southwest Silk Road: Trade, Security, and State Formation (University of Washington Press, 2024), James A. Anderson investigates the principalities, chiefdoms, and market nodes that emerged and flourished in the network of routes that passed through what James A. Anderson calls the "Dong world," a collection of Tai-speaking polities in upland valleys. The process of state formation that arose through trade coincided with the differentiation of peoples who were later labeled as distinct ethnicities. Exploration of this formative period at the nexus of the Chinese empire, the Dali kingdom, and the Vietnamese kingdom reveals a nuanced picture of the Chinese province of Yunnan and its southern neighbors preceding Mongol efforts to impose a new administrative order in the region. These communities shared a regional identity and a lively history of interaction well before northern occupiers classified its inhabitants as "national minorities" of China. Huiying Chen is an Assistant Professor in the Department of History at Purdue University.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In scholarly and popular discourse, popular sovereignty and self-determination are typically conceived of as the antitheses of imperialism, while histories of the emergence of democracy in Western Europe and its settler offshoots ignore the imperial setting of struggles for suffrage expansion and institutional change altogether.  Democracy and Empire: Labor, Nature, and the Reproduction of Capitalism (Cambridge UP, 2023) casts doubt on both of these tendencies. My guest, Ines Valdez, argues that popular sovereignty in the global North contains an affective attachment to wealth that is secured through collective agreements to dominate others, a phenomenon she calls “self-and-other determination.” The book details how social reproduction in the US and Western Europe is enabled by the exploitation of racialized others who sacrifice their families and communities to perform arduous and poorly-paid menial jobs, only to be derided and oppressed by the populations who depend on their labor. It also shows how the political alienation from nature it wealthy countries is mediated by technology and enabled by a joint devaluation of nature and manual labor performed by racialized others. The book concludes with a theorization of anti-imperial popular sovereignty grounded in transnational movements and political relations that encompass nature. Ines Valdez is Associate Professor of political science at Johns Hopkins University. She is also the author of Transnational Cosmopolitianism: Kant, Dubois, and Justice as a Political Craft (Cambridge, 2019).  Democracy and Empire is available open access here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

From the Rockies to the Himalayas, the bond between horses and humans has spanned across time and civilizations. In this archaeological journey, William T. Taylor explores how momentous events in the story of humans and horses helped create the world we live in today. Tracing the horse's origins and spread from the western Eurasian steppes to the invention of horse-drawn transportation and the explosive shift to mounted riding, Taylor offers a revolutionary new account of how horses altered the course of human history. Drawing on Indigenous perspectives, ancient DNA, and new research from Mongolia to the Great Plains and beyond, Taylor guides readers through the major discoveries that have placed the horse at the origins of globalization, trade, biological exchange, and social inequality. Hoof Beats: How Horses Shaped Human History (U California Press, 2024) transforms our understanding of both horses and humanity's ancient past and asks us to consider what our relationship with horses means for the future of humanity and the world around us. Sarah Newman is an archaeologist and Assistant Professor of Anthropology at the University of Chicago. Her research explores long-term human-environmental interactions, including questions of waste and reuse, processes of landscape transformation, and relationships between humans and other animals. Learn more about your ad choices. Visit megaphone.fm/adchoices