New Books in Economic and Business History

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the mid-nineteenth century through the dust bowl years of the Great Depression, a new kind of migrant worker became a familiar sight in communities across America. The Hobo: A History of America's First Climate Migrants (Princeton UP, 2026) by Dr. Robert Suits traces the journeys of these homeless men and women, showing how hobo work was an adaptation to energy transitions and a harsh and unpredictable climate, and how the hobo played a central role in the histories of industrialization and westward expansion.Challenging common depictions of the hobo as a world-weary, bearded man in ragged clothes, Dr. Suits reveals how these wandering laborers were often fastidious and heartbreakingly young. Forever on the move due to economic hardship and climate disaster, they chased harvests and took seasonal jobs in industries like logging and mining. Too often they couldn’t find employment at all. Suits describes the difficult, dangerous, and highly unstable jobs they worked while shedding light on the hobo life and philosophy, from their techniques for stowing away on railroads to their unique blend of socialist, anarchist, and anti-work thought. He traces the emergence of the hobo to the advent of steam and the need for manual laborers in places where this new technology couldn’t reach and describes how a growing reliance on the internal combustion engine brought an end to hobo work.Drawing on oral histories, environmental data, and cutting-edge digital methods, The Hobo paints an unforgettable portrait of an eclectic group of wandering radicals, troublemakers, poets, and writers, demonstrating how their experiences upend some of our basic assumptions about how environments and technologies shape society. 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

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

How did black suits become so ubiquitous? Why has men's business clothing been so plain for the last 250 years? How did a style adopted by the Founding Fathers to differentiate themselves from European contemporaries become the dominant style for men around the globe? Suitable: The Sartorial Revolution and the Fashioning of Modern Men (Oxford University Press, 2026) traces the shift from the colorful, flamboyant attire of the eighteenth century to the plain dark suit of the nineteenth century, characterizing this style evolution as a "Sartorial Revolution." In this book, American historian and costume designer Chloe Chapin traces the evolution of masculine style from the American Revolution through the Civil War and shows how men's suits shaped relationships of gender and power. Drawing on a wealth of visual and written sources, she shows how the plainness of suits symbolized new ideals of rationality and democracy and played a crucial role in framing the lasting identity and authority of American men. This richly illustrated book analyzes fashion history's impact on gender dynamics and emphasizes the dynamic relationships between bodies, clothing, and personal identity. Suitable demonstrates the significance of fashion beyond mere appearance, illustrating the key role modern men's suits have played in shaping the modern world. Chloe Chapin holds a PhD in American Studies from Harvard University and master's degrees in fashion and textile studies from the Fashion Institute of Technology and costume design from the Yale School of Drama. She has taught fashion history, costume design, gender studies, and anthropology. As a costume designer for over twenty years, her credits include Broadway musicals, opera, and Shakespeare. She works at Harvard University and lives in Cambridge, Massachusetts. Caleb Zakarin is CEO and Publisher of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

More than any single institution, the US Federal Reserve drives global financial markets with its decisions and communications. While its interest rates are set by the 12-member Federal Open Market Committee (FOMC), for almost a century, the Fed’s underlying philosophy and operations approach have been moulded by one person: the Chair of the Board of Governors. Over The Chair’s eight episodes, Tim Jones talked to authors of books about the Fed's most consequential chiefs – Marriner Eccles, Bill Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell. The Powell podcast was meant to be the last. But, after Kevin Warsh took over from Powell on 22 May 2026 and started preparing for his first FOMC meeting as chairman in mid-June, a ninth episode became irresistible. Who is this Republican hawk-turned-dove? As one policymaker among 12, has he over-promised to a volatile president? To discuss Warsh, Tim is joined by three "Fed watchers" – Claire Jones, Michael Redmond and Catarina Saraiva. Claire, who used to “watch” the European Central Bank for the Financial Times, is now the FT’s US economics editor and has transferred her monitoring skills to the Fed. Catarina is a 17-year veteran at Bloomberg News, reporting exclusively on the Fed and US economics since 2019. Michael has been Medley Advisors' Fed analyst since 2022, having worked as an economist at the US Treasury and the Kansas City Fed. "I think [Warsh] has upset a lot of people with the criticisms that he's had of the Fed," says Claire Jones. "I think there's just this sense where people are worried because they're thinking: 'What did you have to say in order to get this job? What have you promised to the administration in order to get this job?' So, there's those issues of trust ... However, he is very charming; he’s been at the Fed before; he knows how the game is played. So, I don't think that's necessarily entirely insurmountable". Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Yellen’s The Greater East Asia Co-Prosperity Sphere: When Total Empire Met Total War (Cornell University Press, 2019) is a challenging transnational exploration of the Greater East Asia Co-Prosperity Sphere, Japan’s ambitious, confused, and much maligned attempt to create a new bloc order in East and Southeast Asia during World War II. Yellen’s book is welcome both as the first book-length treatment of the Sphere in English and for also being innovative in both approach and analysis. The book is divided into two parts, each addressing one of the “two Pacific Wars,” as Yellen puts it: a “war of empires” and “an anticolonial war… for independence.” The first half of the book treats the Japanese “high policy” of the Sphere. Here, Yellen not only provides—through the Coprosperity Sphere—a provocative new reading of the Tripartite Pact and the imbrication of Japan’s regional and global geopolitical strategies, but also outlines an important timeline of how Japanese conceptualizations of the Sphere evolved with the changing economic, political, and military expediencies of the Pacific War. Though ideas about the Sphere as a regional order of hierarchical solidarity with Japan at its apex, a “grand strategy of opportunism” rooted in the “sphere-of-influence diplomacy” and “cooperative imperialism” of Japan’s bombastic and enigmatic foreign minister, Matsuoka Yōsuke, Yellen shows that plans for the Sphere only became specific and concrete when Japan’s war situation descended into increasing desperation from 1942 on. The second half of the book shifts gears to examine responses to the Sphere in the Philippines and Burma. Yellen shows that for local nationalist elites like Burma’s first prime minister Ba Maw, whether Japanese rhetoric about the creation of more-or-less liberal international order within the Sphere for the top-echelon nations like Burma and the Philippines was genuine or self-serving, “even sham independence brought opportunity.” By focusing on these pragmatic nationalists (“patriotic collaborators”) Yellen contributes to a growing body of literature on empire that refuses to be pigeonholed by binaries of virtuous resistance and traitorous collaboration. This podcast was recorded as a lecture/dialogue for a live audience at Nagoya University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lithium Extraction in Chile: Ontological, Ecological and Economic Dimensions (Routledge, 2025) is a new book from Dr Daniela Soto-Hernández, a Social Anthropologist currently working as a postdoctoral researcher at the University of Sussex. In this book, published with Routledge, Dr Soto-Hernández uses ethnographic methods during her intensive fieldwork in Chile, specifically in and around the Atacama Desert, to take a relational view on lithium mining in the region. Chile is the largest and oldest producer of lithium in South America and the second largest in the world, accounting for nearly 32% of the global supply in 2022. Dr Soto-Hernández’s book, Lithium Extraction in Chile, is a crucial and new way of seeking to understand not only lithium, but the worlds that are created around the resource; inclusive of sacred, indigenous relations, the ubiquitous role of water, the discursive and practical dimensions of lithium production, and the social tensions manifest throughout these processes. Dr Soto-Hernández first explores the ways in which the Chilean Atacama Desert has been constructed as a ‘desolate-scape’ through mechanisms and relations of coloniality and capitalism, to render the territory as lifeless and only appropriate for extraction. Then, and by using the rich fieldwork central to the book, Dr Soto-Hernández puts forward the notion of ‘desertscape’ to express the ways of living for indigenous peoples in the territories of the Atacama Desert, such as for the Lickanantay peoples. This paints a direct contrast to the colonised view of the desert as a ‘desolate-scape’, which serves capital, and instead expresses the abundance, world-making, and life-giving properties of the landscape as ‘desertscape’. This relational view of the Atacama Desert, inclusive of non-people, people, and the sacred, is then used to understand the role of lithium, brine, and water extraction in this crucial territory, with implications for a truly transformative energy transition. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices