New Books in Economic and Business History

A tech insider explains how capitalism and software development make for such a dangerous mix. Software was supposed to radically improve society. Outdated mechanical systems would be easily replaced; programs like PowerPoint would make information flow more freely; social media platforms like Facebook would bring peop

In 1968, Mao Zedong launched the Cultural Revolution, asserting his control of China 15 years later, Deng Xiaoping launched the reform and opening up period, putting China on the path to becoming an economic powerhouse. But what happens in between these two critical periods of Chinese history? How does China go from Ma

One of the most distinctive aspects of global capitalism in the last half century or so has been the increased role of the financial sector in the global economy, especially in the advanced industrial economies of the Global North. The profitability and market capitalization of firms in the financial sector have increa

Factory fires, chemical explosions, and aerial pollutants have inexorably shaped South Baltimore into one of the most polluted places in the country. In Futures After Progress: Hope and Doubt in Late Industrial Baltimore (U Chicago Press, 2024), anthropologist Chloe Ahmann explores the rise and fall of industrial lifew

Whether it's pumping oil, mining resources or shipping commodities across oceans, the global economy runs on extraction. Promises of frictionless trade and lucrative speculation are the hallmarks of our era, but the backbone of globalisation is still low-cost labour and rapacious corporate control. Extractive capitalis

More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the fir