New Books in Economic and Business History

Chinese investment in the United States has become an increasingly contentious issue that is much more complicated than headlines suggest. In this episode, we reflect on recent debates in Michigan’s democratic primary and use it as a jumping-off point to examine more than 25 years of Chinese investment in the US and subnational relationships with Chinese business. We’re joined by Emily Conrad, whose research examines Chinese manufacturing investment in the US. We discuss where investment is concentrated and how local governments interact with investments, with attitudes ranging from facilitation to passivity to obstruction. We also discuss how Chinese companies navigate the present environment and varied contexts across the US. As federal scrutiny has intensified and states have introduced new restrictions on foreign land ownership and investment, Chinese firms face mounting political and regulatory headwinds. Yet, investments have not disappeared, and companies are adapting, raising questions about how geopolitics is reshaping investment, manufacturing and subnational policies and politics in the US.

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Emily’s book The Faithless?: The Untold Story of the Electoral College

Analysis of State Attitudes towards Chinese investments over time from Conrad’s research here

Other resources from the episode:

Rhodium Group’s China cross-border monitor

YouTube podcast with Abdul al-Sayed that mentions some about China: here

Wall Street Journal article about the State Armor organization: here

NPR podcast with one of the best overviews on Gotion:here

More on Gotion:

‘No CCP in USA!’: Inside a Michigan town's unhinged war over a Chinese battery plant

A Chinese battery company bet on a small Michigan town for its U.S. expansion

Michigan Democratic U.S. Senate primary debate audio used in this episode

Tweet on the CCP by Sen. Elissa Slotkin

Financial Times article, China’s assault on Europe’s car market has barely begun

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Nineteenth-century
Germany invented the way we eat. Women experimenting in households,
French chefs fleeing guillotines, and one of the most rapidly evolving
food industries in the world forged recognizably modern eating practices
between 1780 and 1910. While central Europeans merely aimed to survive
long winters, experiment with translated recipes and curious ingredients
from abroad, and embrace the conveniences of industrial life, their
consumption habits and cooking practices created a new product
landscape. Throughout this transitional era of history, individuals
visibly communicated their self-understandings through food.

The Making of Modern Eating: How the German Middle Class Forged the Way We Eat, 1780–1910 (Berghahn,
2026) by Dr. Claudia Kreklau provides a study of central European food
modernity and middle-class identity aims to provide fresh footing for
discussions in our own changing global era.

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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Ganja
is the popular name in Hindustani, Bengali, and other South Asian
languages for intoxicating substances produced from the plant species
Cannabis sativa L. Starting in the eighteenth century, British India's
colonial administrators sought ways to systematically tax and govern how
ganja circulated from the farms of peasant families in rural Bengal to pipes, plates, and cups elsewhere in the subcontinent.

Ganja Matters: Empire and the Pursuits of Cannabis in British India
(University of California Press, 2026) is an open-access book that
follows the perpetual incongruity between regulatory efforts to pursue
the plant through botanical observation, colonial reportage, and excise
statistics and the leisurely, devotional, and creative ganja pursuits
among people. Dr. Utathya Chattopadhyaya offers a social history of
ganja in a multispecies framework that reveals how the cannabis plant
co-constituted histories of empire, gender, subalternity, and labor
under British rule. Against the weight of the criminalization and
"drug-ness" of cannabis, Dr. Chattopadhyaya puts the multidirectional
and polysemic history of ganja as plant matter at the center of
analysis.

This interview was conducted by Dr. Miranda Melcher whose book
focuses on post-conflict military integration, understanding treaty
negotiation and implementation in civil war contexts, with qualitative
analysis of the Angolan and Mozambican civil wars. You can find
Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. 
Learn more about your ad choices. Visit megaphone.fm/adchoices

A bold critique of conventional economics that reveals why the time
and money we devote to care work is vital to our economic future.

Our
economy is much bigger than the dollar value of things we buy and sell.
It depends on us—our health, our creativity, and our moral commitments.
These capabilities don't have price tags but are crucial to a
sustainable future. We need to acknowledge and reward the value of
caring for ourselves and others, especially our children, our elderly,
and those experiencing illness or disability.

From leading feminist economist Nancy Folbre, Making Care Work: Why Our Economy Should Put People First (University
of California Press, 2026) provides a compelling historical and economic
account of care provision in the United States. Folbre traces the long
and colorful history of resistance to bogus claims that only paid work
"counts" and that employees in care services are always paid what they
deserve. Explaining why care providers remain economically vulnerable
today, she argues that more attention to the public benefits of care
provision could help build the political coalitions needed to implement
policies that put people first.

In this comprehensive and bold
book, Folbre upends conventional economic thinking and maps a hopeful
path toward a more equitable and sustainable economy.

Nancy
Folbre is Director of the Program on Gender and Care Work at the
Political Economy Research Institute and Professor Emerita of Economics
at UMass Amherst. She is the author of many books, including The Invisible Heart: Economics and Family Values.
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Popular
history tells the story of how the tea boycott during the American
Revolution caused a transition in American taste from tea to coffee,
making the young country a coffee-drinking nation. In truth, Americans
did not give up their tea so easily, and the United States grew to be
the second-largest importer of tea from China. Diverging from British
black tea traditions, U.S. consumers preferred green tea, cultivated a
particular taste for Oolong tea, and invented the English Breakfast Tea
brand to market Chinese black tea.

This World in a Teacup: Credit, Taste, and Power in the U.S.-China Tea Trade, 1784–1911
(University of Nebraska Press, 2026) by Dr. Dan Du is the first book to
detail the American tea trade with China after the American Revolution
through the early twentieth century. Drawing on archival sources and
perspectives from both sides of the Pacific, Dr. Du offers new insights
to help understand fundamental developments in U.S.-China relations
within a global context. This World in a Teacup shows that, rather than
depending on hard-money transactions or a barter economy, a
sophisticated credit system buttressed American tea purchases in China:
Credit instruments such as promissory notes, bills of exchange, and
checks financed the transactions between Chinese and U.S. tea merchants,
crystallizing changing power dynamics in the global economy. This World in a Teacup
explains how the circulation of these credit instruments challenged the
conventional understanding of China’s economy as a primitive system and
how the power structure of American, British, and Chinese tea trade in
the credit economy reshaped American consumption patterns.

This interview was conducted by Dr. Miranda Melcher whose book
focuses on post-conflict military integration, understanding treaty
negotiation and implementation in civil war contexts, with qualitative
analysis of the Angolan and Mozambican civil wars. You can find
Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts. 
Learn more about your ad choices. Visit megaphone.fm/adchoices