New Books in Economic and Business History

How might a twenty-first-century revolution against class society succeed?

Communism comes from the future, but its hopes haunt our past. Reading revolutionary history from the Paris Commune to the George Floyd Uprising by the light of communist theory, from Marx to C. L. R. James, The Future of Revolution: Communist Prospects from the Paris Commune to the George Floyd Uprising (Verso Books, 2025) illuminates the possibilities for overcoming class society in the twenty-first century.When Marx wrote that the Paris Commune of 1871 showed that “the working class cannot simply lay hold of the ready-made state machinery, and wield it for its own purposes,” he identified a principle that will remain true as long as capitalism and its class antagonism persist. Historical revolutions reveal essential features of our communist horizon, which would-be revolutionaries, then as now, must negotiate one way or another. In chapters that move from a critical history of the workers’ council to a reading of Marx’s theory of value as an inverted description of communism, Jasper Bernes synthesizes from a history of failure the key criteria for success. He defines for our present moment the urgent mission of the world proletariat.

Jasper Bernes lives in Oakland and teaches in the English Department at the University of California, Berkeley. A regular contributor to the Field Notes section of the Brooklyn Rail, he is the author of The Work of Art in the Age of Deindustrialization and two books of poetry, We Are Nothing and So Can You and Starsdown.

Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature.

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Despite the importance of innovation for the growth of firms, industries, and the national economy, the strategic tools available to effectively manage and create new technologies are often neglected by entrepreneurs and corporate managers. The Management of Innovation: Managing and Creating Technology Capital (Rotman-UTP Publishing, 2024) examines how firms can leverage and create technology capital. The analysis considers the two key stages of the innovation process: technology management and technology creation. Each stage involves complex managerial decisions related to resource allocation and the assessment of relevant costs and benefits. This book examines the most frequent trade-offs that shape the innovation process across these two stages. It also provides an introduction to intellectual property and patent analytics.
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Most people hate and fear uncertainty. It causes such stress and anxiety that we often choose certain surrender over doubt, becoming passive, dependent, addicted―and more anxious than ever. Doubling down on the certainties promised by technology and micro-management only makes things worse, leaving no opportunity for innovation, adaptation or invention. Artists live with uncertainty constantly―but instead of waiting for the future, they run towards making it, with agency and freedom. What can we learn from them, about facing into a future that grows more uncertain daily?

At a time when organizations of all kinds crave innovation but complain their people lack creativity and initiative, the arts have never been so essential to our future. We may not all be artists, but we can learn to think like them. In Embracing Uncertainty: How Writers, Musicians and Artists Thrive In An Unpredictable World (Policy Press, 2025) Margaret Heffernan makes a compelling argument for the vital integration of art into all aspects of our lives and for artists to guide us with their stamina, freedom and endurance.
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Our guest today is Cedric de Leon, author of Freedom Train: Black Politics and the Story of Interracial Labor Solidarity (U California Press, 2025). In this book, de Leon explores the complex and often overlooked history of Black political organizing within the U.S. labor movement. Rather than presenting a simple story of unity, he highlights the tensions, debates, and internal conflicts within Black civil society that ultimately strengthened movements for interracial labor solidarity. The book traces key organizations, leaders, and events from early socialist influences in Harlem to the rise of labor coalitions and the Memphis sanitation strike; demonstrating how Black workers and leaders actively shaped strategies for liberation. By focusing on both cooperation and disagreement, de Leon argues that Black political agency is best understood through this dynamic interplay. Freedom Train ultimately reframes labor history by centering Black voices and showing how their activism was crucial in pushing forward both civil rights and workers’ rights in America.

Our guest, Cedric de Leon, is a Professor of Sociology and Labor studies at the University of Massachusetts Amherst. From 2018 to 2022, Cedric directed the UMass Amherst Labor Center, the country's premier worker-side graduate program in Labor Studies. He was the first person of color to do so. Before de Leon became an academic, he worked as a staff organizer and elected leader in the U.S. labor movement. His research focuses on race, labor, social movements, and political sociology, and he has published several books examining labor history and organizing. He has written extensively about how social movements organize and how political identities are formed, particularly within Black communities and labor struggles. His research combines historical analysis with sociological theory to better understand power, resistance, and collective action.
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In three short years, the Milwaukee Bucks went from merely an idea to NBA champions. What started as a quest by Marvin Fishman and eventually Wesley Pavalon to get Milwaukee back in the big leagues became something bigger than they could have imagined. They attracted a hard-working coach in Larry Costello, a pioneer in Wayne Embry and some of the biggest talents in the game of basketball with Kareem Abdul-Jabbar and Oscar Robertson. The pieces fell into place for a franchise that asserted themselves as a force to be reckoned with in the NBA. Building the Milwaukee Bucks: Kareem Abdul-Jabbar, Oscar Robertson, and the Rapid Rise of an NBA Franchise, 1968-1975 (McFarland, 2025) covers the unique formation of the NBA franchise that helped restore the image of the city of Milwaukee amid civil unrest and the departure of Major League Baseball as well as why Abdul-Jabbar never found comfort being the face of the Bucks while living in Milwaukee.

Paul Knepper covered the New York Knicks for Bleacher Report. His first book was The Knicks of the Nineties: Ewing, Oakley, Starks and the Brawlers That Almost Won It All. His next book, Moses Malone: The Life of a Basketball Prophet, is now available. You can reach Paul at [email protected] and follow him on Twitter @paulieknep.
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