New Books in Economic and Business History

Is environmental degradation an inevitable result of economic development? Can ecosystems be restored once government officials and the public are committed to doing so? These questions are at the heart of Stevan Harrell's An Ecological History of Modern China (University of Washington Press, 2023), a comprehensive account of China's transformation since the founding of the People's Republic from the perspective not of the economy but of the biophysical world. Examples throughout illustrate how agricultural, industrial, and urban development have affected the resilience of China's ecosystems—their ability to withstand disturbances and additional growth—and what this means for the country's future.
Drawing on decades of research, Harrell demonstrates the local and global impacts of China's miraculous rise. In clear and accessible prose, An Ecological History of Modern China untangles the paradoxes of development and questions the possibility of a future that is both prosperous and sustainable. It is a critical resource for students, scholars, and general readers interested in environmental change, Chinese history, and sustainable development.
Stevan Harrell is professor emeritus of anthropology and environmental and forest sciences at the University of Washington. His many books include Ways of Being Ethnic in Southwest China. Twitter. Website.
Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website.
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In the United States, the stoicism and importance of the “working class” is part of the national myth. The term is often used to conjure the contributions and challenges of the white working class – and this obscures the ways in which Black workers built institutions like the railroads and universities – but also how they transformed unions, changed public policy, and established community. 
In Black Folk: The Roots of the Black Working Class (LIveright, 2023), Dr. Blair LM Kelley restores the Black working class to the center of the American story by interrogating the lives of laundresses, Pullman porters, domestic maids, and postal workers. The book is both a personal journey and a history of Black labor in the United States from enslavement to the present day with a focus on a critical era: after Southern Emancipation to the early 20th century, when the first generations of Black working people carved out a world for themselves.
Dr. Kelley captures the character of the lives of Black workers not only as laborers, activists, or members of a class but as individuals whose daily experiences mattered – to themselves, to their communities, and to “the nation at large, even as it denied their importance.” As she weaves together rich oral histories, memoirs, photographs, and secondary sources, she shows how Black workers of all genders were “intertwined with the future of Black freedom, Black citizenship, and the establishment of civil rights for Black Americans.” She demonstrates how her own family’s experiences mirrors this wider history of the Black working class – sometimes in ways that she herself did not realize before writing the book.
Even as the book confronts violence, poor working conditions, and a government that often legislated to protect the interests of white workers and consumers, Black Folk celebrates the ways in which Black people “built and rebuilt vital spaces of resistance, grounded in the secrets that they knew about themselves, about their community, their dignity, and their survival.” Black Folk looks back but also forward. In examining the labor and challenges of individuals, Dr. Kelley sheds light on reparations and suggests that Amazon package processing centers, supermarkets, and nursing homes can be spaces of resistance and labor activism in the 21st century.
Dr. Blair LM Kelley is the Joel R. Williamson Distinguished Professor of Southern Studies at the University of North Carolina-Chapel Hill and incoming director of the Center for the Study of the American South, the first Black woman to serve in that role in the center’s thirty-year history. She is also the author of Right to Ride: Streetcar Boycotts and African American Citizenship in the Era of Plessy v. Ferguson from the University of North Carolina Press.
Dr. Kelley mentions Dr. Tera W. Hunter’s To ‘Joy My Freedom: Southern Black Women’s Lives and Labors After the Civil War, Duke University’s Behind the Veil oral history project, and Philip R. Rubio’s There’s Always Work at the Post Office: African American Postal Workers and the Fight for Jobs, Justice, and Equality.
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What happens when states experience a rapid increase in resource wealth? This book examines the significant diamond find in eastern Zimbabwe in 2006, possibly the largest in over 100 years, and its influence on the institutional trajectory of the country. In Zimbabwe's Diamond Trade: The State, Resource Politics and Development (Cambridge UP, 2025) Dr. Nathan Munier examines how this rapid increase in resource production shaped the policies available to political actors, providing a fresh understanding of the perpetuation of ZANU-PF rule and the variation in the trajectory of institutions in Zimbabwe compared to other Southern African states. This study places Zimbabwe amongst the overall population of resource-wealthy countries such as Angola, Botswana, Namibia and South Africa, especially those that experience a significant increase in production. In doing so, Dr. Munier contributes to the understanding of resource politics, political economy, and comparative African 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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The Soviet Union was one of the most secretive states that ever existed. Defended by a complex apparatus of rules and checks administered by the secret police, the Soviet state had seemingly unprecedented capabilities based on its near monopoly of productive capital, monolithic authority, and secretive decision making. But behind the scenes, Soviet secrecy was double-edged: it raised transaction costs, incentivized indecision, compromised the effectiveness of government officials, eroded citizens' trust in institutions and in each other, and led to a secretive society and an uninformed elite. The result is what Dr. Mark Harrison in Secret Leviathan: Secrecy and State Capacity under Soviet Communism (Stanford University Press, 2023) calls the secrecy/capacity tradeoff: a bargain in which the Soviet state accepted the reduction of state capacity as the cost of ensuring its own survival.
This book is the first comprehensive, analytical, multi-faceted history of Soviet secrecy in the English language. Dr. Harrison combines quantitative and qualitative evidence to evaluate the impact of secrecy on Soviet state capacity from the 1917 Bolshevik Revolution to the collapse of the Soviet Union in 1991. Based on multiple years of research in once-secret Soviet-era archives, this book addresses two gaps in history and social science: one the core role of secrecy in building and stabilising the communist states of the twentieth century; the other the corrosive effects of secrecy on the capabilities of authoritarian states.
This interview was conducted by Dr. Miranda Melcher whose doctoral work focused on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars.
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In The City's Defense: The Bank of England and the Remaking of Economic Governance, 1914-1939, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War

Responding to mass unemployment and volatile exchange rates, the Bank expanded its reach into areas outside the traditional scope of central banking, including industrial policy and foreign affairs. It designed a system of economic governance that reinforced the preeminence of sterling as a reserve currency. Drawing on a range of archival evidence from national governments, private corporations, and international organizations, Yee reevaluates our understanding of Britain's impact on the global economic order.
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