New Books in Economic and Business History

We tend to talk about globalisation as if it arrived with container ships, multinationals and the internet. Christopher Meissner’s One from the Many: The Global Economy since 1850 (Oxford UP, 2024) argues that it has a far longer and messier history. In my latest New Books Network interview, I put that history, and some of its biggest open questions, to him.
A book for a nervous moment
Tariffs, industrial policy, “economic security” and the relocation of supply chains have revived the argument that globalisation is going into reverse. Meissner, Professor of Economics at UC Davis and a Research Associate at the NBER, takes the long view. Trade, capital and migration surged between 1850 and 1914, collapsed between the wars, and were rebuilt after 1945. His conclusion is that globalisation is hard to kill, but not guaranteed to survive. That depends on political choices and international cooperation.

If you teach economics, history or political science, or simply want to know whether today’s headlines signal the end of globalisation, this book and this conversation are for you.
What we talk about
Why the first globalisation happened, and what a Briton, an Argentine or an American in 1900 would have made of today’s world
Migration: we have liberalised goods and capital far more than people, so how much does that limit globalisation’s power to reduce inequality?
Whether backlash was always built into globalisation, or whether wars and shocks brought it down, and what that means for today’s politics
The Great Depression and the question of leadership: can the world economy function without a power willing to underwrite it?
The paradox of the US dollar, and why capital flows towards the richest economy rather than the poorest
What evidence would convince Chris that “this time really is different”
Writing a first book, and why economics works best inside history rather than bolted on beside it.

Some of these questions came from my own students, where the book is now core reading. They like it because it explains long-run change while making formal theory accesible.
What other reviewers say
Barry Eichengreen, in Foreign Affairs, praised its clarity and concision across nearly two centuries. In Good Reads, Jason Furman called it a reliable, readable history, well grounded in the research literature. Donald Boudreaux, in The Independent Review, judged it an admirable survey of key events and theories, although he took issue with some analytical choices. That makes it a useful starting point for readers who want to form their own view.

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How Henry Ford institutionalized a social gospel Henry Ford did not just mass produce cars.
As a member of the Episcopal Church, reader of New Thought texts, believer in the “gospel of reincarnation,” mass marketer of antisemitic material, and employer who institutionalized a social gospel, Henry Ford’s contributions to American models of business were informed by and produced for an America he understood to be broadly Christian. Though Ford’s efforts at the head of the Ford Motor Company have commonly been understood as secular, Ford himself was explicit that his work in engineering and auto production was prophetic and meant to remake the world. This religious history of Henry Ford and the Ford Motor Company repositions them within critical studies of religion, examining how Ford transformed American religious practice in the twentieth century. Drawing directly on documents from Ford’s archive, Assembling Religion: The Ford Motor Company and the Transformation of Religion in America (NYU Press, 2025) examines Ford’s mass production methods and bureaucratic reforms as examples of prosperity gospel traditions, illuminating the ways manufacturing and technology intersect with American religious practice. Bridging American religious and industrial history, Assembling Religion offers a new and surprising way to understand Ford’s impact on culture, commerce, and the technology of labor.

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In the first half of the twentieth century, Asia's colonial trade, commerce, and enterprise pivoted on five cities- Shanghai, Hong Kong, Singapore, Calcutta, and Bombay. Today, among these, only Calcutta no longer plays a significant role in the Asian or global economy. Why? Agents of Inertia: Business, Urban Crisis, and Economic Decline in Twentieth-Century Calcutta (Cambridge UP, 2026) answers this question by investigating how Calcutta's British and Indian businesses have engaged with the city's infrastructural and economic challenges. It throws up a startling result: through the first seven decades of twentieth century, Calcutta's businesses, in contrast to their counterparts elsewhere, staunchly resisted several measures that intended to update and improve the city's infrastructure. It is this resistance, Agents of Inertia argues, that led to Calcutta's postcolonial urban crisis and contributed to capital- flight and economic decline. One of the first full-length monographs on Calcutta's postcolonial urban-economic decline, it shows how big businesses not only make but can also break a city's fortunes.

Gaurav C. Garg is a historian of modern South Asia, cities, mountains, and international development at Ashoka University, Delhi NCR.

Soumyadeep Guha is a fifth-year PhD student in the History Department at Binghamton University, New York. He is interested in historical research focusing on themes such as Agrarian/Environmental History, History of Science and Tech, Global History, and their intersections. His prospective dissertation questions are on the pre-history of the ‘Green Revolution’ in Eastern India.

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Black Market Intimacies: The Transpacific Sexual Economy of the Korean War (Stanford UP, 2026) reveals how illicit exchanges of money and commodities involving sexual encounters between Korean and Japanese women and US soldiers provided the material foundations of the regional economy across Korea and Japan during the Korean War. Against the conventional view that illicit exchanges exist outside the formal economy and legal regulations, Dr. Jeongmin Kim examines how the interlinked markets for transactional sex and goods crucially constituted the transpacific formation of US military base capitalism in post-World War II East Asia. Going beyond what is commonly categorized as prostitution and violence in Cold War archives, Dr. Kim weaves together stories from the myriads of mundane records scattered around multilingual archives to document larger transnational webs of the war economy.
From Korean women who brought camel blankets and whiskey to local markets in Seoul, to middle-aged Okinawan women dealing in US military notes, Dr. Kim uncovers the crucial roles that local women played in circulating war supplies and currency across the region through their sexual and intermediary labor. The result is an intimate and global history of the Korean War that urges us to rethink the often-antithetical relationship between sexual intimacy and market economies in the context of war and occupation.
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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The oil industry today sponsors dozens of citizen advocacy organizations. Often called 'front groups' or 'astroturf,' they have become key actors in fossil fuel companies' political efforts across the US and Canada. People For Oil: Citizen Mobilization in the U.S. and Canadian Fossil Fuel Industries (Cambridge UP, 2026) by Dr. Tim Wood digs into these groups and the day-to-day ways they shape our energy future. Drawing on interviews with pro-oil organizers and citizen joiners, Dr. Wood explains why these groups form, why people join, and how these organizations intervene in governance. He shows that while we tend to think of all corporate grassroots mobilization as financially secretive, many campaigns today are openly sponsored and long-lasting. This allows industry lobbyists to stake a claim to representing citizen voice. By making sense of the backstage logics and affective politics of pro-oil organizing, People for Oil equips readers to better understand important new players in today's climate and energy politics.
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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