New Books in Economic and Business History

Walmart: Made in China
(Stanford University Press, 2026) by Dr. Eileen Otis tells the story of
Walmart's expansion in China, making the case that it is the story of a
major shift in the structure of global capitalism. Walmart, argues Dr.
Otis, is a leading actor in the rise of merchant capitalism, wherein the
role of the merchant has changed from operating at the whim of industrialists, to leveraging
control over large consumer markets. As Walmart's retail business grew
at unprecedented rates across the globe, so too did this business model.

Walmart: Made in China
documents the business's expansion into China not as a tale of seamless
market entry, but as a case of frictions, improvisations, and labor
struggles that reveal deeper transformations in global economic power.
Drawing on years of fieldwork in Walmart stores across China, Dr. Otis
traces an internal supply chain—from warehouse to checkout—where workers
stock, promote, explain, and process goods under varying regimes of
control. These labor
regimes, structured by gender, migration, surveillance, and corporate
rules and culture, as well as managerial oversight, reveal how
capitalist value is realized, and how it can be contested.

At
the heart of her analysis is the rise of a new system—merchant
capitalism—in which control over consumer markets, rather than
production, drives profit. Thus, Walmart: Made in China offers a compelling account of this shift in global capitalism, as it gets made and remade, on the retail floor.

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 should executives position a company for growth when the
geopolitical future is so uncertain? Recent events in Ukraine and the
Middle East and tightening restrictions on international trade and
investment are reshaping the global business environment. History shows
that any such era of change presents both challenges and opportunities. The authors of Geostrategy by Design: How to Manage Geopolitical Risk in the New Era of Globalization (Disruption Books, 2024) use
examples, from historical global turning points to recent political
disruptions, to illustrate how geostrategy is essential to surviving and
succeeding in the next era of globalization.
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The Vision of the Firm (West Academic Publishing, 2025) provides a complete summary of the leading theories of business ethics today. It aims to clarify values, create ethical awareness, provide a decision-making model, show how to apply the model to cutting edge business dilemmas, and address how to build ethical business cultures. It draws on dilemmas from marketing, management, operations, finance, business economics, and technology and features many 75 vignettes for people involved in business to ponder.
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If governments provide financial support for affordable housing, should they provide support for inhabitants directly, or rather for the construction of dwellings? Dr. Max Krahé and Sara Schulte both work for the German economic think tank Dezernat Zukunft, and they aim to answer this question by looking at the past. In this interview we discuss the research design, the conclusions, and also what policy implications they draw from their analysis.

Want to know more? You can find everything about this housing analysis on Dezernat Zukunft. Additionally, Max Krahé provides an overview of Dr. Krahé's research projects.

Geert Slabbekoorn works as a policy officer in the field of housing. In his free time he juggles, raises kids, and improves his languages.
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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.

In Assembling Religion: The Ford Motor Company and the Transformation of Religion in America (NYU Press, 2025), Dr. Kati Curts presents a 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, it 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.

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