New Books in Economic and Business History

For two centuries, multinational enterprises (MNEs) have arrived in waves on Australia’s shores. Highly visible and influential household names among them – Ford, IBM, Kodak, Electrolux, ANZ – but also many smaller, lesser-known enterprises. Foreign MNEs in Australia today account for almost half of our top 2,000 firms and control over A$1.4 trillion of assets. There is much we do not understand about these important institutions, why they chose to invest here, how they entered, and why some firms survived for long periods, while others exited.

The history of MNEs, more than most topics, is inextricably connected to international experience. Across half a century of research, their history has emerged as a vibrant field of investigation in North America, Europe, and, increasingly, Asia. MNE activity in Australia, briefly referenced in some of these studies, formed an important part of the global presence of many firms. This is the first history of foreign MNEs in twentieth-century Australia, filling a major gap in the economic and business history literature of Australia and of the history of international business globally. It integrates the important and distinctive Australian experience with an extensive international and comparative scholarship on big business and MNEs.

Bibliographical reference to the interview's book: Ville, Simon, Pierre van der Eng, André Sammartino, David Merrett, and Monica Keneley. 2026. Global Enterprise in Australia: International Business Down Under since Federation. Routledge. https://doi.org/10.4324/9781003586272.

My interview with Prof Simon Ville about the first volume on the history of MNEs in Australia https://newbooksnetwork.com/in... Bibliographical reference: Ville, Simon, and David Merrett. 2022. International Business in Australia Before World War One Shaping a Multinational Economy. Palgrave. https://link.springer.com/book...

Presented by Paula de la Cruz Fernández, Ph.D.
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Between the late 1940s and the end of the twentieth century, natural gas became Iran's bedrock energy source. Billed as a futuristic fuel for a future world power, gas became an avenue for the country's developmentalist ambitions. The ability to build technologically sophisticated infrastructures served as a powerful tool of state legitimation, both before and after the 1979 Revolution, and tied top-down politics of modernization to bottom-up feelings of national belonging. Accelerant: Energy Infrastructures and the Natural World in Making Modern Iran (Stanford UP, 2026) analyzes the interwoven histories of energy, development, and the environment inIran. Following the movement of natural gas from underground deposits, through infrastructures of refining and distribution, and into everyday life, Ciruce Movahedi-Lankarani explores the roles of development planners, oil firms, industrialists, engineers, and consumers—as well as the mountain ranges, sedimentary rock, and natural gas itself—to show how natural gas emerged as a crucial enabler of industrialization and a strong impetus for resource nationalism. Tracing the transformation of gas from a waste product into a vital resource, this book offers a history of anticolonial developmentalism in Iran—revealing a key driver toward intensified energy use that suggests why and how societies in the Global South became voracious consumers of fossil fuel energy.

Ciruce Movahedi-Lankarani is the Farhang Foundation Early Career Chair in Iranian Studies and Assistant Professor of Middle East Studies and Environmental Studies at the University of Southern California.Filippo De Chirico is a Ph.D. Candidate in Energy History at Roma Tre University. His research focuses on the history of the Italian natural gas sector.
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Can publishing change the world? In Dispatches from the Avant-Garage: The Alternative Press Rebecca Kosick (Wayne State UP, 2026), an Associate Professor in Comparative Poetry and Poetics at the University of Bristol, tells the story of The Alternative Press. Beginning in Detroit in the late 1960s, initially based in the house of Ann and Ken Mikolowski, the press created a rich and eclectic set of artworks. The story of The Alternative Press is also the story of US art and radical politics from the 1970s into the 1990s, with lessons for art and politics today. Drawing on a huge amount of archival work, interviews, and visual reproductions to analyse both the form and content of The Alternative Press’s activity, the book will be essential reading for arts and humanities scholars, as well as for anyone interested in the history of radical art and culture in the USA.
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Mesrob Vartavarian has written a wonderful book. Privileged Minorities: A History of Wealth Concentration on South Africa (Ohio UP, 2026) argues that the rise of privileged minorities – small, exclusive groups that dominate political and economic life – parallels the development of successful anticolonial movements. Vartavarian traces how distinct sociocultural groups in South Africa navigated and negotiated these advantages from the Dutch colonial era through the rise and decline of the ruling African National Congress (ANC). He then demonstrates why ANC elites have not dismantled minority privilege, and how challenges from marginalised groups have served to reshape entrenched advantages by incorporating new actors into existing structures. These dynamics have produced composite systems of accumulation that have deepened socio-economic inequality. Privileged Minorities offers a compelling framework for understanding how structural advantage persists and evolves, even in the wake of promised liberation from political and economic elites.

Mesrob Vartavarian recommends two books for further learning at the end of our interview. They are: Anthony Butler (2025). Presidential Power, Jacana Media; and Jeffrey A. Winters (2012). Oligarchy, Cambridge University Press.
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Engineering Global Socialism: Ownership, Non-Alignment, and Corporate Culture in a Bosnian Company (Indiana UP, 2026) chronicles the journey of the Bosnian global corporation Energoinvest and its workers from its Yugoslav socialist ideals through decades of dissolution, reconstruction, and post-socialist transformation.

Author Anna Calori provides a company-centric window into the business history of socialist globalization during periods of national development, destruction, and rebuilding. Contrary to popular perceptions of "centralized" socialist states, Energoinvest actively shaped trade relations with the Global South, driven by a socialist corporate culture that encouraged competition as well as collective decision-making. Even after Yugoslavia's disintegration in 1992 ended its dreams of a socialist path to globalization, these core characteristics shaped Energoinvest's adaptation to capitalist transformations and made it a key player in the struggle for Bosnia's post-war economic reconstruction. Through oral histories and archival research, Calori reveals how Energoinvest's workers paired the promise of a new model of global integration with their own visions of a working world in which they set the rules of engagement—and how, upon its sale to mostly foreign owners, the marginalization and ethnic homogenization of employee shareholders mirrored changes around citizenship in Bosnia. Now, in the twenty-first century, Energoinvest offers new promises of a post-industrial future, but its often hazy parameters leave workers to rely on the memory of "what could have been" to make sense of change.

Tracing the long trajectory of a Yugoslav enterprise through decades of large-scale social change, Engineering Global Socialism presents a historical and sociological moment in which workers' ideas about social and corporate enterprise offered the possibility of a more democratic path to globalization.

Anna Calori is Lecturer in Contemporary Economic History at the School of Social and Political Sciences, University of Glasgow.

Filippo De Chirico is a Ph.D. Candidate in Energy History at Roma Tre University. His research focuses on the history of the Italian natural gas sector.
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