New Books in Economic and Business History

In The Making of Modern Corporate Finance: A History of the Ideas and How They Help Build the Wealth of Nations (Columbia Business School Publishing, 2025) Donald Chew profiles key figures in the development of modern corporate finance while emphasizing their counterintuitive lessons for shareholders, companies, and countries. He deals with such questions as: Why did the stagflation of the 1970s prove so painful and protracted? What explains the U.S. stock market’s forty-year run of 12 percent average annual returns? Why is Japan still mired in a decades-long recession? What accounts for the resilience of U.S. stock markets in the wake of COVID and the Fed’s interest rate hikes? Chew argues that answers to these questions lie ideas formulated and tested by finance scholars―notably, an efficient stock market in which prices reflect the long-run values of public companies and a market for corporate control that exerts pressure on management.
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Streetwise: Saving Ourselves from Big Car (Columbia Business School Publishing, 2025) exposes how “Big Car”―the complex of companies in the automobile, oil, insurance, media, and concrete industries that promote and entrench car dependence―has pursued profit at the expense of the common good. David Obst explores how Big Car gained almost immeasurable influence over our lives, weighing the benefits and the costs of reliance on private automobiles. He details how industry covered up the harms of lead additives, fought against seatbelts, and continues to fund climate-change denialism. Obst considers the future of mobility, surveying how cities―from Taipei to Tempe, Copenhagen to Chicago―are experimenting with forms of transportation that offer alternatives to the dominance of cars. This is a provocative and comprehensive book.
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Auctions and the Consumption of Second-Hand Goods in Georgian England (Bloomsbury, 2026) by Dr. Sara Pennell & Professor Jon Stobart provides the first comprehensive examination of household auctions as the key mechanism for recirculating household goods through the 18th and early 19th century. Dr. Pennell and Dr. Stobart contextualise and historicise the importance of used goods to consumer choices, experiences and identities. They tell the stories of the people and things, as well as the broader processes, practices and attitudes that were bound up in the commercial recirculation of used goods through auctions.Auctions and the Consumption of Used Goods in Georgian England rebalances the historiography of second-hand consumption – currently dominated by used clothing and the sale of books, art and antiques – and brings second-hand into the mainstream of household consumption. It also explodes the twin myths that second-hand was the last resort of the poor and that it declined rapidly as Britain industrialised and the supply of new consumer goods increased. The book demonstrates that consumer motivations were far more complex than simple financial necessity and household auctions did not fade to the margins; they remained an important part of how households acquired a wide variety of goods and fulfilled a variety of consumer needs.

This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.
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What seems mundane today—walking into a supermarket, picking up goods, and paying at a checkout—was once a radical experiment. In our latest New Books Network episode, I speak with Andrew Godley about The Making of the Modern Supermarkett: Self-Service Adoption in British Food Retailing, 1950-1975 (Oxford UP, 2025), co-authored with Bridget Salmon, former archivist at J. Sainsbury plc.

This is a book about far more than shopping. It is a history of technology, management, urban planning, consumer behaviour, and how everyday routines were quietly transformed in post-war Britain. Drawing on rare corporate archives, Godley and Salmon reveal how supermarkets were not inevitable but carefully designed organisations shaped by strategic choices, technological constraints, and shifting consumer expectations.

In the conversation, we explore how self-service reshaped labour and productivity, why Sainsbury’s distinctive commitment to fresh meat helped define the one-stop supermarket, and how planning initiatives such as the New Towns and Abercrombie’s vision for London influenced retail geography. We also discuss early experiments with computerised ordering, the limits of technological modernisation, and what Sainsbury’s story can—and cannot—tell us about the wider evolution of retailing in Britain and Europe.

Finally, Andrew reflects on the surprises hidden in corporate archives and what the history of supermarkets can teach us about today’s transformations—from online grocery shopping to automated checkouts.

If you have ever wondered how the modern supermarket came to be—and what it reveals about capitalism, technology, and everyday life—this episode is for you.
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A sobering investigation of the rush for lithium for electric vehicles, the problematic history of lithium mining, and the consequences for sustainability.

Consumers today are buying electric vehicles with lithium-ion batteries motivated by the belief that they are doing good and decarbonizing society. But is sustainable lithium extraction possible? In Living Minerals, Javiera Barandiarán examines the history of lithium mining and uses during the twentieth century, with a specific focus on the two oldest brine-lithium mines: Silver Peak, Nevada, and Salar de Atacama, Chile, where lithium is found as one more element in a liquid mix of salts, minerals, and organisms.

For six decades, mining experts have failed to ask about water usage, about waste or brine leakage, and about the ecosystem impacts in delicate deserts. Instead, they have relied on various fictions about the size of reserves, the fate of leaked brine, or the value of waste in facilitating mine development. These fictions, rooted in brine-lithium’s material qualities, could be sustained thanks to powerful mining memories that celebrated resource nationalism. Unique in its historical and multidimensional approach to minerals and mining, based on the novel Rights of Nature paradigm, and using new archival materials from both Chile and the US, the book argues that decarbonizing society requires that we reckon with these realities—or risk deepening our dependency on an unsustainable mining industry.

Javiera Barandiarán is Associate Professor in the Global Studies program at the University of California, Santa Barbara. 

Sandra Elizabeth is a graduate student enrolled at the Department of Sociology in Shiv Nadar University, Delhi- NCR. Her research relates to water- control projects implemented in a low- lying, deltaic region in South- West Indian state of Kerala called Kuttanad– which is dubbed as the state’s rice granary. She can be reached out on X
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