One of the most distinctive aspects of global capitalism in the last half century or so has been the increased role of the financial sector in the global economy, especially in the advanced industrial economies of the Global North. The profitability and market capitalization of firms in the financial sector have increased immensely, firms that originated in the real economy have diversified into financial activities, cross-border financial flows have limited the policy autonomy of national gover...
May 07, 2025•45 min•Ep. 129
Factory fires, chemical explosions, and aerial pollutants have inexorably shaped South Baltimore into one of the most polluted places in the country. In Futures After Progress: Hope and Doubt in Late Industrial Baltimore (U Chicago Press, 2024), anthropologist Chloe Ahmann explores the rise and fall of industrial lifeways on this edge of the city and the uncertainties that linger in their wake. Writing from the community of Curtis Bay, where two hundred years of technocratic hubris have carried ...
May 06, 2025•37 min•Ep. 363
Whether it's pumping oil, mining resources or shipping commodities across oceans, the global economy runs on extraction. Promises of frictionless trade and lucrative speculation are the hallmarks of our era, but the backbone of globalisation is still low-cost labour and rapacious corporate control. Extractive capitalism is what made - and is still making - our unequal world. In Extractive Capitalism: How Commodities and Cronyism Drive the Global Economy (Verso, 2025) Professor Laleh Khalili refl...
May 05, 2025•1 hr 15 min•Ep. 204
More than any one institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this secon...
May 04, 2025•51 min•Ep. 177
More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In t...
May 03, 2025•1 hr•Ep. 173
More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In t...
May 02, 2025•44 min•Ep. 172
More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In t...
May 01, 2025•49 min•Ep. 174
The institution of slavery permeated the ancient world, such that the realities of slavery and its long shadows pervade the New Testament and other early Christian texts. Yet enslavement remains an under-taught aspect of the context of the New Testament and early Christianity, leaving pastors, laypersons, and neophyte college students alike to fill knowledge gaps about enslaved persons, enslavers, living and laboring conditions, and much more with partial information, assumptions, or a range of ...
Apr 30, 2025•1 hr 12 min•Ep. 191
From the workings of financial markets to our response to the ecological crisis, economic theory shapes the world. But where do these ideas come from? Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray (Bristol University Press, 2024) tells the fascinating story of David Ricardo, Adam Smith’s only real rival as the ‘founder of economics’. The wealthiest stock trader of his day, Ricardo introduced the study of abstract models to economics. He also developed the theory of trad...
Apr 29, 2025•1 hr 21 min
In barely three generations the Spanish diet has changed beyond recognition. The traditional concerns around nutritional health and scarcity have been mostly left behind, but they have given way to new problems linked to excess. In Milk in Spain and the History of Diet Change: The Political Economy of Dairy Consumption since 1950 (Bloomsbury, 2024) Dr. Fernando Collantes shows how the dairy industry has been central to this societal shift. From widespread calcium deficiency in the 1950s to the m...
Apr 28, 2025•1 hr•Ep. 16
Plants, Politics and Empire in Ancient Rome (Cambridge University Press, 2022) by Dr. Annalisa Marzano investigates the cultural and political dimension of Roman arboriculture and the associated movement of plants from one corner of the empire to the other. It uses the convergent perspectives offered by textual and archaeological sources to sketch a picture of large-scale arboriculture as a phenomenon primarily driven by elite activity and imperialism. Arboriculture had a clear cultural role in ...
Apr 27, 2025•49 min•Ep. 48
Uncle Sam is watching, whether you like it or not. And the surveillance program the United States is building has as its foundation immigrants who have crossed the nation's southern border. In Data Borders: How Silicon Valley is Builidng an Industry Around Immigrants (University of California Press, 2023), UCLA information studies professor Melissa Villa-Nicholas deftly explains how private corporations such as Amazon and Palantir, government agencies including ICE and the CBP, and even public l...
Apr 26, 2025•57 min•Ep. 185
Welcome to the Global Corporations Special Series on the Law Channel on the New Books Network. This Special Series is dedicated to interviews with scholars about recent books engaging with different aspects of global corporations – with a focus on the role of law and legal forms. Our guest today is Professor Philip J. Stern, Professor of History at the History Department at Duke University. Philip is a historian of the British Empire, with an interest in the role of companies and corporations in...
Apr 24, 2025•57 min•Ep. 247
In Market Encounters: Consumer Cultures in Twentieth-Century Ghana (Ohio UP, 2017), Bianca Murillo explores the shifting social terrains that made the buying and selling of goods in modern Ghana possible. Fusing economic and business history with social and cultural history, she traces the evolution of consumerism in the colonial Gold Coast and independent Ghana from the late nineteenth century through to the political turmoil of the 1970s. Murillo brings sales clerks, market women, and everyday...
Apr 23, 2025•1 hr 15 min•Ep. 212
CrossFit in the United States has become increasingly popular, around which a fascinating culture has developed which shapes everyday life for the people devoted to it. CrossFit claims to be many things: a business, a brand, a tremendously difficult fitness regimen, a community, a way to gain salvation, and a method to survive the apocalypse. In The Cult of CrossFit: Christianity and the American Exercise Phenomenon (NYU Press, 2025), Dr. Katie Rose Hejtmanek examines how this exercise program i...
Apr 22, 2025•1 hr 8 min•Ep. 361
In Economic Thought in Modern China: Market and Consumption, c.1500–1937 (Cambridge University Press, 2020), Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arg...
Apr 21, 2025•1 hr 29 min•Ep. 17
As the birthplace of maize and a celebrated culinary destination, Mexico stands at the crossroads of gastronomic richness and stark social disparities. In México Between Feast and Famine: Food, Corporate Power, and Inequality (University of Arizona Press, 2025), Dr. Enrique C. Ochoa unveils the historical and contemporary forces behind Mexico’s polarized food systems. México Between Feast and Famine provides one of the first comprehensive analyses of Mexico’s food systems and how they reflect th...
Apr 20, 2025•1 hr 10 min•Ep. 9
Every year, hundreds of billions of dollars' worth of farm machinery, fertilizer, seeds, and pesticides are sold to farmers around the world. Although agricultural inputs are a huge sector of the global economy, the lion's share of that market is controlled by a relatively small number of very large transnational corporations. The high degree of concentration among these agribusiness titans is striking, considering that just a few hundred years ago agricultural inputs were not even marketed good...
Apr 19, 2025•1 hr 5 min•Ep. 128
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Apr 15, 2025•1 hr 30 min•Ep. 277
Small, Medium, Large: How Government Made the U.S. into a Manufacturing Powerhouse, published by Polity Books in 2024, offers a bold reinterpretation of American industrial history. Challenging the myth of free-market supremacy, the book reveals how strategic state intervention—from wartime production to Cold War R&D—shaped the rise of U.S. manufacturing. It highlights the role of public investment, procurement, and policy in scaling firms and fostering innovation. Timely and incisive, this is e...
Apr 13, 2025•43 min•Ep. 127
In Against the Crisis: Economy and Ecology in a Burning World (Verso, 2024), Ståle Holgersen develops a conceptualization of 'crisis' that moves beyond simplistic understandings of societal turbulence or even disaster, arguing that crises have come to mean something very specific. Where previous analyses have treated economic and ecological crises as separate phenomena, Holgersen reveals their profound interconnection within capitalism's contradictions. Central to the book is the idea that both ...
Apr 11, 2025•55 min•Ep. 522
John Kay's The Corporation in the 21st Century: Why (Almost) Everything We Are Told about Business Is Wrong (Yale UP, 2025) is an accessible and entertaining reappraisal of what business is for and how it works. Full of history and written in a compelling narrative style, this book describes a shift in the underlying assumptions of the relationship between capital & labor. Kay describes how and why we have come to "love the product" as we also "hate the producer". Kay discusses areas of particul...
Apr 10, 2025•55 min•Ep. 172
How Economics Explains the World: A Short History of Humanity (Mariner Books, 2024) is a book for anyone interested in understanding the economic forces that have shaped our world. Its blend of historical insight and contemporary relevance makes it a valuable addition to your bookshelf. This small book indeed tells a big story. It is the story of capitalism – of how our market system developed. It is the story of the discipline of economics, and some of the key figures who formed it. And it is t...
Apr 09, 2025•14 min
The United States is widely recognized as the quintessential consumer society, one where huge companies like Walmart and Amazon are famous for enticing customers with cheap goods and speedy delivery. Attention, Shoppers!: American Retail Capitalism and the Origins of the Amazon Economy (Princeton University Press, 2025) traces the origins and evolution of American retail capitalism from the late nineteenth century to today, uncovering the roots of a bitter equilibrium where large low-cost retail...
Apr 08, 2025•50 min•Ep. 124
Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill: Apprenticeship and Economic Growth in Early Modern England (Princeton University Press, 2025), Dr. Patrick Wallis shows how apprenticeship helped reshap...
Apr 05, 2025•59 min•Ep. 102
From the second half of the nineteenth century, Japan has been a particularly enthusiastic user of exhibitions. Large-scale international exhibitions, including Osaka 2025, form only the tip of an iceberg comprising over 1,300 industrial, regional, and local exhibitions held in Japan over the past 150 years. In Exhibitionist Japan: The Spectacle of Modern Development (Cambridge UP, 2025), Angus Lockyer explores how and why these events have been used as catalysts of development and arenas for fo...
Apr 04, 2025•58 min•Ep. 168
Menus are invaluable snapshots of the food consumed at specific moments in time and place. Tastes and Traditions: A Journey through Menu History (Reaktion, 2025) by Nathalie Cooke provides glimpses into the meals enjoyed by royalty and rogues, and by those celebrating special occasions or sampling new culinary sensations. It describes food prepared for the great and the good, meals served during sieges and tablescapes immortalized in art. It explores how menus entertain adults, link food with pl...
Apr 03, 2025•59 min•Ep. 172
In 1842, the Qing Empire signed a watershed commercial treaty with Great Britain, beginning a century-long period in which geopolitical and global economic entanglements intruded on Qing territory and governance. Previously understood as an era of “semi-colonialism,” Stacie A. Kent reframes this century of intervention by shedding light on the generative force of global capital. Based on extensive research, conducted with British and Chinese government archives, Coercive Commerce (Hong Kong Univ...
Apr 02, 2025•58 min•Ep. 561
When we think of Vietnamese history, we tend to think of plucky peasant guerillas fighting for their independence against French colonial rule or American imperialism - or even mighty China. In her new book, A Maritime Vietnam: From the Earliest Times to the Nineteenth Century (Cambridge UP, 2024), Li Tana challenges this powerful stereotype by recasting Vietnam as a maritime state with a long history of dynamic commercial relations with the outside world, from China, to Southeast Asia, to India...
Apr 01, 2025•46 min•Ep. 157
Between 1840 and 1860 the British Empire expanded rapidly in scale, with rampant annexation of territory and ruthless suppression of rebellion. These decades also witnessed an unprecedented movement of people across the Empire and around the world, with over 2.6 million emigrants leaving Britain in the 1850s alone. Managing Mobility: The British Imperial State and Global Migration, 1840–1860 (Cambridge University Press, 2024) by Dr. Philip Harling examines how the British imperial state facilita...
Mar 31, 2025•1 hr 11 min•Ep. 166
