Andrew Gordon goes to the core of the Japanese enterprise system, the workplace, and reveals a complex history of contest and confrontation. The Japanese model produced a dynamic economy which owed as much to coercion as to happy consensus. Managerial hegemony was achieved only after a bitter struggle that undermined the democratic potential of postwar society. The book draws on examples across Japanese industry, but focuses in depth on iron and steel. This industry was at the center of the country's economic recovery and high-speed growth, a primary site of corporate managerial strategy and important labor union initiatives.

Beginning with the Occupation reforms and their influence on the workplace, Gordon traces worker activism and protest in the 1950s and '60s, and how they gave way to management victory in the 1960s and '70s. He shows how working people had to compromise institutions of self-determination in pursuit of economic affluence. He illuminates the Japanese system with frequent references to other capitalist nations whose workplaces assumed very different shape, and looks to Japan's future, rebutting hasty predictions that Japanese industrial relations are about to be dramatically transformed in the American free-market image. Gordon argues that it is more likely that Japan will only modestly adjust the status quo that emerged through the turbulent postwar decades he chronicles here.

Walter Lippmann was the most distinguished American journalist and public philosopher of the twentieth century. But he was also something more: a public economist who helped millions of ordinary citizens make sense of the most devastating economic depression in history. Craufurd Goodwin offers a new perspective from which to view this celebrated but only partly understood icon of American letters.

From 1931 to 1946 Lippmann pursued a far-ranging correspondence with leading economic thinkers: John Maynard Keynes, Lionel Robbins, Friedrich Hayek, Henry Simons, Adolf Berle, Frank Taussig, and others. Sifting through their divergent views, Lippmann formed his own ideas about economic policy during the Great Depression and shared them with a vast readership in his syndicated column, Today and Tomorrow. Unemployment, monetary and fiscal policy, and the merits and drawbacks of free markets were just a few of the issues he helped explain to the public, at a time when professional economists who were also skilled at translating abstract concepts for a lay audience had yet to come on the scene.

After World War II Lippmann focused on foreign affairs but revisited economic policy when he saw threats to liberal democracy. In addition to pointing out the significance of the Marshall Plan and the World Bank, he addressed the emerging challenge of inflation and what he called “the riddle of the Sphinx”: whether price stability and full employment could be achieved in an economy with strong unions.

The southwestern Pennsylvania town of Connellsville lay in the middle of a massive reserve of high quality coal. Connellsville coal was so soft and easily worked that one man and a boy could cut and load ten tons of it in ten hours.

This region became a major source of coke, a vital material in industrial processes, above all in steel manufacture, producing forty-seven percent of America`s supply in 1913. But by the 1920s, what had seemed to be a gold mine was turning into a devastating economic, environmental and social loss.

In Wealth, Waste and Alienation, Kenneth Warren draws from primary source material, including the minutes and letters of the Carnegie Steel Company, the United States Steel Corporation, and the archives of Henry Clay Frick, to explain the birth, phenomenal growth, decline and death of the Connellsville coke industry.  Its rich natural resources produced wealth for individuals, companies, and some communities, but as Warren shows, there was also social alienation, waste, and devastation of the natural environment. The complicated structure of enterprise, capital, and labor which made this region flourish unwound almost as quickly as it arose, creating repercussions that are still reverberating in what’s left of Connellsville today, a kind of postindustrial rural shell of its former productive glory.

A sweeping intellectual history of the welfare state’s policy-in-waiting.

The idea of a government paying its citizens to keep them out of poverty—now known as basic income—is hardly new. Often dated as far back as ancient Rome, basic income’s modern conception truly emerged in the late nineteenth century. Yet as one of today’s most controversial proposals, it draws supporters from across the political spectrum.

In this eye-opening work, Anton Jäger and Daniel Zamora Vargas trace basic income from its rise in American and British policy debates following periods of economic tumult to its modern relationship with technopopulist figures in Silicon Valley. They chronicle how the idea first arose in the United States and Europe as a market-friendly alternative to the postwar welfare state and how interest in the policy has grown in the wake of the 2008 credit crisis and COVID-19 crash.

An incisive, comprehensive history, Welfare for Markets tells the story of how a fringe idea conceived in economics seminars went global, revealing the most significant shift in political culture since the end of the Cold War.

From workers’ wages to presidential elections, labor unions once exerted tremendous clout in American life. In the immediate post–World War II era, one in three workers belonged to a union. The fraction now is close to one in ten, and just one in twenty in the private sector—the lowest in a century. The only thing big about Big Labor today is the scope of its problems. While many studies have attempted to explain the causes of this decline, What Unions No Longer Do lays bare the broad repercussions of labor’s collapse for the American economy and polity.

Organized labor was not just a minor player during the “golden age” of welfare capitalism in the middle decades of the twentieth century, Jake Rosenfeld asserts. Rather, for generations it was the core institution fighting for economic and political equality in the United States. Unions leveraged their bargaining power to deliver tangible benefits to workers while shaping cultural understandings of fairness in the workplace. The labor movement helped sustain an unprecedented period of prosperity among America’s expanding, increasingly multiethnic middle class.

What Unions No Longer Do shows in detail the consequences of labor’s decline: curtailed advocacy for better working conditions, weakened support for immigrants’ economic assimilation, and ineffectiveness in addressing wage stagnation among African-Americans. In short, unions are no longer instrumental in combating inequality in our economy and our politics, and the result is a sharp decline in the prospects of American workers and their families.

The financial crisis that began in 2008 has made Americans keenly aware of the enormous impact Wall Street has on the economic well-being of the nation and its citizenry. How did financial markets and institutions-commonly perceived as marginal and elitist at the beginning of the twentieth century-come to be seen as the bedrock of American capitalism? How did stock investment-once considered disreputable and dangerous-first become a mass practice?

Julia Ott tells the story of how, between the rise of giant industrial corporations and the Crash of 1929, the federal government, corporations, and financial institutions campaigned to universalize investment, with the goal of providing individual investors with a stake in the economy and the nation. As these distributors of stocks and bonds established a broad, national market for financial securities, they debated the distribution of economic power, the proper role of government, and the meaning of citizenship under modern capitalism.

By 1929, the incidence of stock ownership had risen to engulf one quarter of American households in the looming financial disaster. Accordingly, the federal government assumed responsibility for protecting citizen-investors by regulating the financial securities markets. By recovering the forgotten history of this initial phase of mass investment and the issues surrounding it, Ott enriches and enlightens contemporary debates over economic reform.

In March 1791 Treasury Secretary Alexander Hamilton shocked the western frontier when he proposed a domestic excise tax on whiskey to balance America’s national debt. The law, known colloquially as the “Whiskey Act,” disproportionately penalized farmers in the backcountry, while offering favorable tax incentives designed to protect larger distillers. Although Hamilton viewed the law as a means of both collecting revenue andforcefully imposing federal authority over the notoriously defiant frontier, settlers in Western Pennsylvania bristled at its passage. They demanded that the law be revoked or rewritten to correct its perceived the injustices, and begged their representatives to lobby Congress on their behalf. 
   As the months passed however the people of Western Pennsylvania grew restless with the inadequacy of the government’s response and they soon turned to more violent means of political expression. Treasury officers across the west were targeted for their involvement in the tax collection, and they were brutally attacked by armed bands of disgruntled locals. They were tarred and feathered, burned with hot irons, and whipped; their homes were ransacked and burned. Extralegal courts were established in a direct challenge to federal authority, and the frontier slowly drifted toward a state of rebellion.
   In response President George Washington raised an army of 13,000 men, one of the largest forces he ever commanded, to suppress the rebellion. No major battle ever occurred, but weeks of arrests, illegal detentions, and civil rights violations rocked the west. The event polarized the nation, and highlighted the dramatic differences between Washington’s Federalist perspective and Jefferson’s emerging Democratic-Republican Party. Two centuries later the Whiskey Rebellion stands as the second largest domestic rebellion in American History, only outdone by the Confederate States of America in 1861.
   In The Whiskey Rebellion: A Distilled History of an American Crisis, historian Brady J. Crytzer takes the reader on a journey through Western Pennsylvania following the routes of both the rebels and the United States Army to place this important event into context for the reader. Complete with images and maps, the author illuminates what visitors can still see from the period while providing a cogent and engrossing account of this crisis unfolded and how it was resolved. 

Bearing on fundamental issues of economic theory, history, and public policy, this volume elaborates and goes beyond themes enunciated in W. W. Rostow's previous works. The eight essays presented here are unified by the author's insistence that neo-Keynesian and neoclassical theory are an inadequate basis for economic analysis and policy prescription. Changes in technology and in the supply of energy, food, and raw materials, he contends, must be taken into account. The scale and character of the investments required to respond to these changes link his analysis back to conventional income analysis. Rostow outlines in several contexts the framework for a general, disaggregated theory of production and prices that meets this criterion.

The theoretical and historical essays include a review and unification of various long-cycle theories; a formal mathematical model of the Kondratieff cycle; a review of theories relating technology and the price system, including Rostow's own formulation of the appropriate linkage; a lengthy analysis of the pre-1914 relation between money and prices, including a detailed critique of modern monetarist interpretations; and an analysis of the proposition that economic growth assumes an S-shaped path of acceleration and deceleration.

The policy essays include an examination of the links between energy-related investment, full employment, and patterns of regional development in the United States; the discussion of an appropriate framework and procedure for North-South international economic negotiations; and the text of a 1965 talk on inflation that touches on the relations among economics, economists, and the performance of societies as a whole.

“[A] tour de force of global history…Bosma has turned the humble sugar crystal into a mighty prism for understanding aspects of global history and the world in which we live.”—Los Angeles Review of Books

The definitive 2,500-year history of sugar and its human costs, from its little-known origins as a luxury good in Asia to worldwide environmental devastation and the obesity pandemic.

For most of history, humans did without refined sugar. After all, it serves no necessary purpose in our diets, and extracting it from plants takes hard work and ingenuity. Granulated sugar was first produced in India around the sixth century BC, yet for almost 2,500 years afterward sugar remained marginal in the diets of most people. Then, suddenly, it was everywhere. How did sugar find its way into almost all the food we eat, fostering illness and ecological crisis along the way?

The World of Sugar begins with the earliest evidence of sugar production. Through the Middle Ages, traders brought small quantities of the precious white crystals to rajahs, emperors, and caliphs. But after sugar crossed the Mediterranean to Europe, where cane could not be cultivated, demand spawned a brutal quest for supply. European cravings were satisfied by enslaved labor; two-thirds of the 12.5 million Africans taken across the Atlantic were destined for sugar plantations. By the twentieth century, sugar was a major source of calories in diets across Europe and North America.

Sugar transformed life on every continent, creating and destroying whole cultures through industrialization, labor migration, and changes in diet. Sugar made fortunes, corrupted governments, and shaped the policies of technocrats. And it provoked freedom cries that rang with world-changing consequences. In Ulbe Bosma’s definitive telling, to understand sugar’s past is to glimpse the origins of our own world of corn syrup and ethanol and begin to see the threat that a not-so-simple commodity poses to our bodies, our environment, and our communities.

An interpretative history of global urbanity in the 1920s and 1930s, from the vantage point of Bombay, London, and Shanghai, that follows the life of business tycoon Victor Sassoon.
 
In this book, historian Rosemary Wakeman brings to life the frenzied, crowded streets, markets, ports, and banks of Bombay, London, and Shanghai. In the early twentieth century, these cities were at the forefront of the sweeping changes taking the world by storm as it entered an era of globalized commerce and the unprecedented circulation of goods, people, and ideas. Wakeman explores these cities and the world they helped transform through the life of Victor Sassoon, who in 1924 gained control of his powerful family’s trading and banking empire. She tracks his movements between these three cities as he grows his family’s fortune and transforms its holdings into a global juggernaut. Using his life as its point of entry, The Worlds of Victor Sassoon paints a broad portrait not just of wealth, cosmopolitanism, and leisure but also of the discrimination, exploitation, and violence wreaked by a world increasingly driven by the demands of capital.

This book is the definitive study of imperial Chinese local gazetteers, one of the most important sources for premodern Chinese studies. Methodologically innovative, it represents a major contribution to the history of books, publishing, reading, and society.

By examining how gazetteers were read, Joseph R. Dennis illustrates their significance in local societies and national discourses. His analysis of how gazetteers were initiated and produced reconceptualizes the geography of imperial Chinese publishing. Whereas previous studies argued that publishing, and thus cultural and intellectual power, were concentrated in the southeast, Dennis shows that publishing and book ownership were widely dispersed throughout China and books were found even in isolated locales. Adding a dynamic element to our earlier understanding of the publishing industry, Dennis tracks the movements of manuscripts to printers and print labor to production sites. By reconstructing printer business zones, he demonstrates that publishers operated across long distances in trans-regional markets. He also creates the first substantial data set on publishing costs in early modern China—a foundational breakthrough in understanding the world of Chinese books. Dennis’s work reveals areas for future research on newly-identified regional publishing centers and the economics of book production.