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Few events in the history of humanity rival the Industrial Revolution. Following its onset in eighteenth-century Britain, sweeping changes in agriculture, manufacturing, transportation, and technology began to gain unstoppable momentum throughout Europe, North America, and eventually much of the world—with profound effects on socioeconomic and cultural conditions.

How the global supply chain developed in response to postcolonial struggles for independence

No part of the global economy today remains untouched by the logistics sector. Each time we make a purchase online, buy a car, or shop for groceries, we interact with planetary supply chains that connect industrial, transport, and service workers across vast distances. The Logistics Counterrevolution critically reexamines the history of global logistics from the perspective of anticolonial struggles that coincided with its emergence. Positioning this history as a counterrevolution on behalf of powerful state and capitalist interests, Charmaine Chua underscores how subaltern resistance shaped the development of the supply chains, containerization, and maritime logistics that underpin our daily lives.

This book charts how the logistics economy emerged after World War II as a response to the perceived threat of national liberation and economic autonomy among developing nations. Drawing from case studies in Indonesia, Singapore, the Philippines, and in international institutions, Chua demonstrates how the global supply chain not only sped up the international circulation of goods but also enacted new forms of imperialism leveled against the emerging nations of the Global South.

With insights from Filipino seafarers, Amazon warehouse workers, postcolonial leaders, and shipping executives, The Logistics Counterrevolution uncovers the enormous infrastructures and economic mechanisms that sustain capital distribution systems across the world. Combining ethnography with historical research from company and colonial archives, this book offers a necessary reconsideration of the logistics industry by illuminating the internationalist struggles that precipitated its rise.

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Traces the early history of economic knowledge developed by thinkers between the sixteenth and eighteenth centuries.

Starting with the sixteenth century, The Lost Forms of Economic Knowledge investigates the origins and prehistory of economic thought before the emergence of political economy as an autonomous discipline in the late eighteenth century. In this book, the celebrated French historian Arnaud Orain argues that these “lost forms” of economic knowledge represent an important alternative to our modern system of numerical abstraction and market manipulation. 

As Orain shows, older approaches to the economy defined it as a relationship between humans and their specific environment. These earlier mindsets sought to advance vernacular knowledge by turning to a variety of figures—naturalists, artisans, farmers, and merchants—to learn how to take advantage of the environment without depleting it. The goal of these inquiries was not to maximize profit but to determine how to allow humans to satisfy basic needs and live in harmony with nature. Now, at a time in which natural resources are fast depleting, Orain argues that we could do worse than consider the alternative approaches to “economics” that lie in our past, and that might still be available in the future.

Innovative new approaches for improving GDP measurement to better gauge economic productivity.

Official measures of gross domestic product (GDP) indicate that productivity growth has declined in the United States over the last two decades. This has led to calls for policy changes from pro-business tax reform to stronger antitrust measures. But are our twentieth-century economic methods actually measuring our twenty-first-century productivity?

The Measure of Economies offers a synthesis of the state of knowledge in productivity measurement at a time when many question the accuracy and scope of GDP. With chapters authored by leading economic experts on topics such as the digital economy, health care, and the environment, it highlights the inadequacies of current practices and discusses cutting-edge alternatives.

Pragmatic and forward-facing, The Measure of Economies is an essential resource not only for social scientists, but also for policymakers and business leaders seeking to understand the complexities of economic growth in a time of rapidly evolving technology.

Acclaimed economist James K. Galbraith sounds an urgent alarm: how conventional economic ideas and policies are unequipped to account for the most daunting challenges of our geopolitical moment.

Amid a mounting sense of American decline, Americans live with a new kind of dissonance: economists announcing that everything is fundamentally fine. Where growth is steady, unemployment is low, prices are (somewhat) stable, and stocks are high—what’s there to worry about? 

The Power to Destroy shows that this dissonance reflects a failure to evolve. James K. Galbraith’s incisive history of economic policy in this century is grounded in the fundamental problem that today’s experts are still deploying tools from all yesterday’s wars: obsolete economic ideas, measures, and doctrines focused on market functioning and crude economic indicators like output and prices. These methods, many of them honed a century ago against a vastly different social landscape, offer little hope in the face of today’s more existential threats. 

Such conventional policies, Galbraith argues, are increasingly ill-equipped to counter the daunting challenges of our moment—from inflation to trade sanctions, industrial cold wars, and climate change—and, left unacknowledged, are accelerating the end of the US economy as we know it. Shortcomings include the weak responses to the inflation of 2021-2022; the sanctions war against Russia; the rise of China; the weak and ineffective attempt at industrial revival; and the impending demographic crisis. All have roots in a flawed body of outdated economic thought that has been sustained for ideological rather than practical reasons. They now promise to hinder the United States in the emerging multipolar world. 

As Galbraith makes plain, for all the virtues of the market system, governments and their policies make markets possible. The ideas behind the policies—for better or worse—will determine the fate of the US economy—and new and better ideas are urgently needed. The alternative—sticking with economic ideas and policies we know and currently use—brings the power to destroy us all. 

This monumental study is an account of the world economy from the eighteenth century to the twentieth, an analysis and prescription for the future, and a challenge to the neo-Keynesian theories of income determination and growth. It is based on some forty years of research and teaching.

Originally published in 1978, the volume looks back over the nineteenth and twentieth centuries. It includes an analysis of how the world's population expanded from about 1 billion in 1800 to 4 billion in 1976, with some 6.5 billion in sight for the year 2000; an account of the expansion and distribution of industrial production and trade during this period; and an analysis of price and relative price movements since the eighteenth century. Rostow gives a detailed description of the Kondratieff long cycles in the relative scarcity and abundance of food and raw materials and reasons that the world economy entered the fifth Kondratieff upswing at the close of 1972. He also examines the changing pattern of business cycles over the whole sweep of modern economic growth and the failure of the post-1945 world economy to control inflation. The volume also includes short economic histories of twenty national economies responsible for 80 percent of the world's production, based on a collection of computerized aggregate and sectoral data.

Each historical section leads naturally into one or more of the major problems dealt with in the final portion of the book, which looks to the future of the world economy: food, population, energy, raw materials, the environment, and the tasks of national and international policy. Rostow argued, counter to the Limits to Growth doctrine, that the critical period for industrial civilization lay in the last twenty-five years of the twentieth century, rather than in the twenty-first century, and that what we did or failed to do in that generation would determine the shape of the longer future.

No other economic history of this depth and breadth exists. It is a reference for economists, economic historians, and other social scientists as well as the informed lay reader.

A new history of crisis responses in the central bank’s formative years.

The long-standing description of the Federal Reserve as a “lender of last resort” refers to the central bank’s emergency liquidity provision for financial entities in periods of crisis. As Mark Carlson shows, this function was foundational to how the Fed was designed but has, at times, proven challenging to implement. The Young Fed examines the origins of the Federal Reserve’s emergency liquidity provision which, along with the setting of monetary policy, has become a critical responsibility.

Focusing on the Fed’s response to the financial crises of the 1920s, Carlson documents the formative deliberations of central bank policymakers regarding how to assist banks experiencing distress; the lessons that were learned; and how those lessons shaped subsequent policies. Carlson depicts an early Fed that experimented with a variety of approaches to crises, ranging from bold spectacles featuring cash-filled armored cars to behind-the-scenes interventions to prevent inducing panics or bank runs. The Young Fed weaves previously unpublished material from the Fed archives into a watershed work in American economic history: a deeply sourced account of how the world’s most important central bank became a lender of last resort.

A personal account by a war historian and adoptee who discovers his biological father was a famous Marine combat photographer in Vietnam. 
 
Robert K. Brigham has had a substantial career as a historian of the Vietnam War, with a hand in nine books, a documentary, public history projects, and more. While many a historian has felt compelled at some point to write about a subject close to them personally, Brigham did not think he was doing that. But, at age 58, Brigham, who had long known he was adopted, discovered that he’d improbably and unknowingly been studying and talking about his real father for decades. That man, Bruce Atwell, was a Marine Corps photographer who took some of that war’s most indelible and widely reproduced pictures. Brigham had used those images over and over again in decades’ worth of classes and public lectures, never knowing the truth.
 
Both Brigham and Atwell were products of the American foster care and adoption system, and both were defined professionally by Vietnam. In a story shot through with echoes and shadows, Brigham not only reveals his own history as an adoptee but opens a startlingly fresh vantage on the fragility of American families; the power of social norms and taboos to shape lives; and the forces that inequitably disrupt families, not least of them war. The result is an accessible and moving book that is at once both a powerful personal story and an illuminating social critique.