New Books in Economic and Business History

Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar's prospects in deep historical perspective by chronicling the entire history of cross-border currencies, from the invention of coins in the seventh century BCE to the cryptocurrencies of today and the central bank digital currencies of tomorrow.

Money Beyond Borders: Global Currencies from Croesus to Crypto (Princeton University Press, 2026) recounts how Greek and Roman coins became the first true international currencies. It tells how the Florentine gold florin became the "greenback of the Renaissance," and how it was succeeded by Spanish silver and a Dutch fiat currency. The book explains why the British pound dominated the international economy in the nineteenth century, why the dollar rose to the top during World War II, and why the dollar has survived predictions of the imminent loss of its preeminence since the 1970s.

The long history of international currencies shows that the same factors that encourage their widespread use eventually lead to their abandonment. Money Beyond Borders makes a powerful case that the dollar is now on the downside of this cycle, and it considers who the winners and losers will be when there is flight away from the greenback. Revealing important patterns in the life cycles of international currencies over the past 2,500 years, the book offers valuable lessons and insights about how currencies rise--and why they fall.

Barry Eichengreen is the George C. and Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science at the University of California, Berkeley.

Caleb Zakarin is the CEO and Publisher of the New Books Network.
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We chat with historian David Kirsch, Associate Professor of Management and Entrepreneurship at University of Maryland's Robert H. Smith School, about how to understand the Dot Com bubble and bust of the late 1990s and early 2000s. David both lived through the Dot Com moment as a California resident and is a scholar of technology bubbles, including through his coauthored book, Bubbles and Crashes: The Boom and Bust of Technological Innovation (Stanford University Press, 2019). We talk to him about how to think about past and contemporary bubbles from both personal and professional historical perspectives.
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The South American coca plant was established in 19th-century Britain as a medical product before it became a globally restricted drug. Drawing on botanical, economic, pharmaceutical, social, and political perspectives, in Coca and the Victorians: From Botanical Curiosity to Regulated Drug, 1835–1912 (Transcript Publishing, 2025), Dr. Kim Embrey analyses how the use and perception of coca changed as it was transferred to Europe. In a process of cultural dissimilation, coca was not simply adopted, but embedded into new medical, social, and scientific contexts. The study shows how a plant from the Andes was repositioned in British modernity.

This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.
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How might a twenty-first-century revolution against class society succeed?

Communism comes from the future, but its hopes haunt our past. Reading revolutionary history from the Paris Commune to the George Floyd Uprising by the light of communist theory, from Marx to C. L. R. James, The Future of Revolution: Communist Prospects from the Paris Commune to the George Floyd Uprising (Verso Books, 2025) illuminates the possibilities for overcoming class society in the twenty-first century.When Marx wrote that the Paris Commune of 1871 showed that “the working class cannot simply lay hold of the ready-made state machinery, and wield it for its own purposes,” he identified a principle that will remain true as long as capitalism and its class antagonism persist. Historical revolutions reveal essential features of our communist horizon, which would-be revolutionaries, then as now, must negotiate one way or another. In chapters that move from a critical history of the workers’ council to a reading of Marx’s theory of value as an inverted description of communism, Jasper Bernes synthesizes from a history of failure the key criteria for success. He defines for our present moment the urgent mission of the world proletariat.

Jasper Bernes lives in Oakland and teaches in the English Department at the University of California, Berkeley. A regular contributor to the Field Notes section of the Brooklyn Rail, he is the author of The Work of Art in the Age of Deindustrialization and two books of poetry, We Are Nothing and So Can You and Starsdown.

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: here
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Despite the importance of innovation for the growth of firms, industries, and the national economy, the strategic tools available to effectively manage and create new technologies are often neglected by entrepreneurs and corporate managers. The Management of Innovation: Managing and Creating Technology Capital (Rotman-UTP Publishing, 2024) examines how firms can leverage and create technology capital. The analysis considers the two key stages of the innovation process: technology management and technology creation. Each stage involves complex managerial decisions related to resource allocation and the assessment of relevant costs and benefits. This book examines the most frequent trade-offs that shape the innovation process across these two stages. It also provides an introduction to intellectual property and patent analytics.
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