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Explores the history of value as a concept, one that we regularly use but tend to take for granted as the monetary expression of market mechanisms. 

Calculating Worth, a collection of essays edited by historians Joanna Cohen and Laura F. Edwards, reshapes our concept of what “value” meant in the past. Collectively, the essays reorient conventional narratives and reveal multiple methods of determining value, some traditional, some new, but all based in human agency. Calculating Worth brings together scholars of legal history, Native American history, women’s history, material culture, the history of slavery, and African American history, with topics that range widely over the nineteenth century, across North America and beyond. 

Through studying subjects as varied as personal property, land, enslaved people, and intangibles such as prayer, reputation, and suffering, this portrait of value is diverse, humanistic, and far more capacious than what typically fits within the bounds of the concept of capitalism. Rather, value turns out to be a question of power—and how it is used.

The story of a bold political experiment in nineteenth-century France to establish power through finance. 

Amid the rise of industrial capitalism and revolutionary upheaval, French reformers asserted that finance should be reimagined as an instrument of economic and social transformation rather than left to the logic of private profit and speculation. In the 1850s, under Napoleon III’s authoritarian regime, this vision took institutional form as the Bonapartist state strategically deployed finance, broadened market participation, and sponsored new banks with the promise of directing investment toward infrastructure and industry. Yet this effort to harness and mobilize capital ran into a problem: The financial markets refused to be tamed. 
 
Drawing on rich archival sources—from police surveillance and courtroom transcripts to investment manuals and petitions for incorporation—Capital Untamed reveals how the financial markets became an instrument of political power, frustrated state ambitions, and ultimately escaped attempts at mastery. In this striking debut, historian Charlotte Robertson shows how the French state and its citizens navigated a turbulent era of European capitalism animated by debates over the social purpose of financial capital. Ultimately, politicians’ efforts to establish legitimacy by reorganizing finance—and their confrontations with the limits of that project—set the stage for a form of modern discontent with the financial system that survives to this day.

Most scholarship on nineteenth-century America’s transformation into a market society has focused on consumption, romanticized visions of workers, and analysis of firms and factories. Building on but moving past these studies, Capitalism Takes Command presents a history of family farming, general incorporation laws, mortgage payments, inheritance practices, office systems, and risk management—an inventory of the means by which capitalism became America’s new revolutionary tradition.

In the troubled days before the American Civil War, both Northern protectionists and Southern free trade economists saw political economy as the key to understanding the natural laws on which every republican political order should be based. They believed that individual freedom was one such law of nature and that this freedom required a market economy in which citizens could freely pursue their particular economic interests and goals.

But Northern and Southern thinkers alike feared that the pursuit of wealth in a market economy might lead to the replacement of the independent producer by the wage laborer. A worker without property is a potential rebel, and so the freedom and commerce that give birth to such a worker would seem to be incompatible with preserving the content citizenry necessary for a stable, republican political order.

Around the resolution of this dilemma revolved the great debate on the desirability of slavery in this country. Northern protectionists argued that independent labor must be protected at the same time that capitalist development is encouraged. Southern free trade economists answered that the formation of a propertyless class is inevitable; to keep the nation from anarchy and rebellion, slavery—justified by racism—must be preserved at any cost.

Battles of the economists such as these left little room for political compromise between North and South as the antebellum United States confronted the corrosive effects of capitalist development. And slavery's retardant effect on the Southern economy ultimately created a rift within the South between those who sought to make slavery more like capitalism and those who sought to make capitalism more like slavery.

An advantageous location and entrepreneurial passion helped fuel Chicago’s transformation from a fur trading post to a thriving city. Louis P. Cain’s economic history places pre-1871 Chicago within the narrative of national expansion and examines infrastructure, finance, and other areas of city life. Business histories tell the story of fortunes made with essential products like meat and grain. Sketches of titans like William Ogden and Cyrus McCormick reveal how real estate, farm equipment, and other industries became engines of local growth. Cain also details public health improvements that made Lake Michigan safe as a water supply while census data informs a portrait of Chicago’s population and the lives of the free Blacks and Irish immigrants at the bottom of the socioeconomic ladder.

Panoramic and up to date, Chicago before the Fire looks at how an intersection of geography, vision, and investment built a great American city.

This book situates John Locke’s philosophy of knowledge and his political theory within his engagement in British monetary debates of the 17th and 18th century.

Anchored in extensive archival research, George Caffentzis offers the most expansive reading of Locke’s economic thought to date, contextualizing it within the expansion of capitalist accumulation on a world scale and the universality of money as a medium of exchange.

Updated with a new introduction by Paul Rekret, a new foreword by Harry Cleaver and new material by the author, Clipped Coins, Abused Words, and Civil Government continues to make a significant intervention in contemporary debates around the history of capitalism, colonialism and philosophy.

The exploration of the North-South relationship and the growth of of antebellum Mobile.

Cotton City offers a compelling exploration of Mobile, Alabama’s transformation into a thriving urban center during the antebellum period. Historian Harriet E. Amos examines how economic ambition, civic planning, and the cotton trade shaped the city’s development between 1819 and 1861. Through detailed archival research, Amos reveals how Mobile’s leaders sought to modernize infrastructure, expand commerce, and assert the city’s regional importance—all while navigating the tensions of slavery, class, and Southern identity.

This richly contextualized study highlights the interplay between urban growth and the broader forces of the Southern economy, making Cotton City a vital contribution to the histories of the American South, urbanization, and antebellum society.

What do the trickster Rabbit, slave descendants, off-the-books economies, and French citizens have to do with each other? Plenty, says Katherine Browne in her anthropological investigation of the informal economy in the Caribbean island of Martinique. She begins with a question: Why, after more than three hundred years as colonial subjects of France, did the residents of Martinique opt in 1946 to integrate fully with France, the very nation that had enslaved their ancestors? The author suggests that the choice to decline sovereignty reflects the same clear-headed opportunism that defines successful, crafty, and illicit entrepreneurs who work off the books in Martinique today.

Browne draws on a decade of ethnographic fieldwork and interview data from all socioeconomic sectors to question the common understanding of informal economies as culture-free, survival strategies of the poor. Anchoring her own insights to longer historical and literary views, the author shows how adaptations of cunning have been reinforced since the days of plantation slavery. These adaptations occur, not in spite of French economic and political control, but rather because of it. Powered by the "essential tensions" of maintaining French and Creole identities, the practice of creole economics provides both assertion of and refuge from the difficulties of being dark-skinned and French.

This powerful ethnographic study shows how local economic meanings and plural identities help explain work off the books. Like creole language and music, creole economics expresses an irreducibly complex blend of historical, contemporary, and cultural influences.