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CHOSEN AS ONE OF THE WALL STREET JOURNAL’S 10 BEST BOOKS OF 2025

A definitive history of the United States’ recovery from the Great Depression—and the New Deal's true part in it.

FDR’s New Deal has long enjoyed a special place in American history and policy—both because it redefined the government’s fundamental responsibilities and because Roosevelt’s “bold experimentation” represented a type of policymaking many would like to see repeated.

But “the thing about bold experiments,” economist George Selgin reminds us, “is that they often fail.” In False Dawn Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration’s first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers—more than the peak unemployment rate during the COVID-19 crisis—were still either unemployed or on work relief six years later.

By distinguishing the New Deal’s successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions.

Winner, Book Award, Associaton for Borderland Studies, 2008

The U.S. and Mexican border regions have experienced rapid demographic and economic growth over the last fifty years. In this analysis, Joan Anderson and James Gerber offer a new perspective on the changes and tensions pulling at the border from both sides through a discussion of cross-border economic issues and thorough analytical research that examines not only the dramatic demographic and economic growth of the region, but also shifts in living standards, the changing political climate, and environmental pressures, as well as how these affect the lives of people in the border region.

Creating what they term a Border Human Development Index, the authors rank the quality of life for every U.S. county and Mexican municipio that touches the 2,000-mile border. Using data from six U.S. and Mexican censuses, the book adeptly illustrates disparities in various aspects of economic development between the two countries over the last six decades.

Anderson and Gerber make the material accessible and compelling by drawing an evocative picture of how similar the communities on either side of the border are culturally, yet how divided they are economically. The authors bring a heightened level of insight to border issues not just for academics but also for general readers. The book will be of particular value to individuals interested in how the border between the two countries shapes the debates on quality of life, industrial growth, immigration, cross-border integration, and economic and social development.

The 1989-91 upheavals in Eastern Europe sparked a turbulent process of social and economic transition. Two decades on, with the global economic crisis of 2008-10, a new phase has begun.

This book explores the scale and trajectory of the crisis through case studies of the Czech Republic, Hungary, Latvia, Poland, Russia, Ukraine and the former Yugoslavia. The contributors focus upon the relationships between geopolitics, the world economy and class restructuring.

The book covers the changing relationship between business and states; foreign capital flows; financialisation and asset price bubbles; austerity and privatisation; and societal responses, in the form of reactionary populism and progressive social movements.

Challenging neoliberal interpretations that envisage the transition as a process of unfolding liberty, the dialectic charted in these pages reveals uneven development, attenuated freedoms and social polarisation.

How did the global Cold War influence American politics at home? For Might and Right traces the story of how Cold War defense spending remade participatory politics, producing a powerful and dynamic political coalition that reached across party lines. This “Cold War coalition” favored massive defense spending over social welfare programs, bringing together a diverse array of actors from across the nation, including defense workers, community boosters, military contractors, current and retired members of the armed services, activists, and politicians. Faced with neoliberal austerity and uncertainty surrounding America's foreign policy after the 1960s, increased military spending became a bipartisan solution to create jobs and stimulate economic growth, even in the absence of national security threats.

Using a rich array of archival sources, Michael Brenes draws important connections between economic inequality and American militarism that enhance our understanding of the Cold War's continued impact on American democracy and the resilience of the military-industrial complex, up to the age of Donald Trump.

Friends of the Dallas Public Library Award, 2006
Best Book on East Texas, East Texas Historical Association, 2007

In the decades following the Civil War, nearly a quarter of African Americans achieved a remarkable victory—they got their own land. While other ex-slaves and many poor whites became trapped in the exploitative sharecropping system, these independence-seeking individuals settled on pockets of unclaimed land that had been deemed too poor for farming and turned them into successful family farms. In these self-sufficient rural communities, often known as "freedom colonies," African Americans created a refuge from the discrimination and violence that routinely limited the opportunities of blacks in the Jim Crow South.

Freedom Colonies is the first book to tell the story of these independent African American settlements. Thad Sitton and James Conrad focus on communities in Texas, where blacks achieved a higher percentage of land ownership than in any other state of the Deep South. The authors draw on a vast reservoir of ex-slave narratives, oral histories, written memoirs, and public records to describe how the freedom colonies formed and to recreate the lifeways of African Americans who made their living by farming or in skilled trades such as milling and blacksmithing. They also uncover the forces that led to the decline of the communities from the 1930s onward, including economic hard times and the greed of whites who found legal and illegal means of taking black-owned land. And they visit some of the remaining communities to discover how their independent way of life endures into the twenty-first century.

Led by the Office of Economic Opportunity, Lyndon Johnson's War on Poverty reflected the president's belief that, just as the civil rights movement and federal law tore down legalized segregation, progressive government and grassroots activism could eradicate poverty in the United States. Yet few have attempted to evaluate the relationship between the OEO and the freedom struggles of the 1960s. Focusing on the unique situation presented by Texas, Freedom Is Not Enough examines how the War on Poverty manifested itself in a state marked by racial division and diversity—and by endemic poverty.

Though the War on Poverty did not eradicate destitution in the United States, the history of the effort provides a unique window to examine the politics of race and social justice in the 1960s. William S. Clayson traces the rise and fall of postwar liberalism in the Lone Star State against a backdrop of dissent among Chicano militants and black nationalists who rejected Johnson's brand of liberalism. The conservative backlash that followed is another result of the dramatic political shifts revealed in the history of the OEO, completing this study of a unique facet in Texas's historical identity.

The end of communism marked the re-emergence of a huge rise in organised crime across Russia and Eastern Europe. High-profile efforts to combat it have met with little success.
 
Patricia Rawlinson argues that burgeoning crime rates result not only from the failures of communism but also from the problems of free market economies.
 
Drawing on interviews with members of the Russian criminal underworld, the business community, journalists and the militia, she argues that organised crime provides us with a barometer of economic well-being, not just for Russia but for any market economy.

From Improvement to City Planning emphasizes the ways people in nineteenth-century America managed urban growth. Historian Henry Binford shows how efforts to improve space were entwined with the evolution of urban governance (i.e., regulation)—and also influenced by a small group of advantaged families.

Binford looks specifically at Cincinnati, Ohio, then the largest and most important interior city west of the Appalachian Mountains. He shows that it was not just industrialization, but also beliefs about morality, race, health, poverty, and “slum” environments, that demanded an improvement of urban space. As such, movements for public parks and large-scale sanitary engineering in the 1840s and ’50s initiated the beginning of modern city planning. However, there were limitations and consequences to these efforts..

Many Americans believed that remaking city environments could also remake citizens. From Improvement to City Planning examines how the experiences of city living in the early republic prompted city dwellers to think about and shape urban space.

How feminism has failed African American women and why they must fight back.

Amid the longest-running economic boom in American history and despite the emergence of a significant black middle class, the lot of low-income black people in general-and black women in particular-seems more troubling than ever. Their plight, Sheila Radford-Hill argues in this book, is directly related to the diminution of black women’s traditional power as culture bearers and community builders. A cogent critique of feminist theory and practice, Further to Fly identifies the failure of feminism to connect with the social realities it should seek to explain, in particular the decline of black women’s empowerment.