New Books in Economic and Business History

A leading social critic identifies our least-discussed major crisis, and sets out to solve it.

As Americans debate President Biden’s infirmities and President Trump’s erratic behavior, we’ve neglected the bigger problem before us: a massive transfer of power and wealth to the oldest among us, and the curtailment of the prospects of the young. In Gerontocracy in America: How the Old Are Hoarding Power and Wealth—and What to Do About It (Farrar, Straus & Giroux, 2026), the historian and social critic Samuel Moyn offers a piercing diagnosis of our age divide and its consequences. Even apart from the presidency, in legislatures, businesses, and the courts, the average leader’s age has risen dramatically. The elderly predominantly fund campaigns and dominate their agendas, often with the intent to block any challenge to their status. The tax code is rigged on their behalf, as is an economy geared to sheltering financial and housing assets. The United States was founded on the promise of generational renovation but has become an increasingly febrile country of old men.

But it doesn’t need to be this way. With understanding and wit, Moyn shows how elder power can be dismantled. With strong safety nets in place, mandatory retirement ages can be established. The early transfer of assets between generations could be encouraged and young voters can be granted more voice. In such a world, the elderly themselves would be freed from power games to confront the existential opportunities of aging, while the young would find their path to starting out in life unblocked at
last.

Samuel Moyn is the Kent Professor of Law and History at Yale University. His books include Humane: How the United States Abandoned Peace and Reinvented War, The Last Utopia, and Not Enough: Human Rights in an Unequal World. Cohost of the Digging a Hole podcast, he is a frequent contributor to The New York Times and many other publications.
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The United States’ superpower status is often associated with its industrial, financial, and military might. Yet its global power after the Second World War hinged in part on something often seen as backward: agriculture. In contrast to Britain, the predominant global power of the nineteenth century, which depended on its current and former colonies for food and raw materials, the United States produced vast agricultural surpluses. During the 1950s, an era of decolonization and rising Cold War competition, the United States became the dominant exporter of food staples to industrializing nations in the Third World through its massive food aid program.

Through the lens of food and agriculture, Agrarian Superpower: Food, Development, and the Global Ascendancy of the United States (Columbia University Press, 2026) by Dr. Samantha Iyer offers new ways to understand the roots of the post–Second World War global order and the US position in it. Samantha Iyer traces how two former British territories and agricultural competitors of the United States, India and Egypt, became two of the largest importers of US food aid. She investigates the origins and consequences of the US-centric postwar food regime by examining changes in the production, distribution, and consumption of agricultural surpluses from the late nineteenth century to the early 1970s. Bringing together life in villages, towns, and cities with national, imperial, and international affairs, Dr. Iyer demonstrates that food aid was the expression of a changed political, economic, and ecological world that the United States did not create alone. Drawing on sources in Arabic, French, Urdu, and English, Agrarian Superpower is a groundbreaking comparative history of food, agriculture, and development.

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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The world has changed dramatically in just the past few years and so has negotiation. Traditional negotiating tactics, while still effective, need to be
tailored to vastly different situations and circumstances. In Negotiation: The Game Has Changed (Princeton University Press, 2025), Harvard Business School professor Max H. Bazerman,
a legendary pioneer in the field of negotiation, shows how to negotiate
effectively today by adapting proven negotiation principles and
strategies to challenging new contexts. Negotiation is a fundamentally new way of thinking about the importance of context in negotiation. 
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In Corporate Power and the Politics of Change (Cambridge UP, 2025) Matteo Gatti examines how corporations have taken on roles traditionally reserved for governments – advocating on social issues, setting internal norms, and stepping in where public institutions fall short. This phenomenon, called corporate governing, takes two forms: socioeconomic advocacy, when companies take public stances, and government substitution, when they deliver services or protections the state does not provide. Drawing on legal doctrine and insights from the social sciences, Gatti shows how this shift reflects broader pressures within firms and deep dysfunction outside them. The rise of corporate governing has also triggered political, legal, and cultural backlash that challenges its legitimacy and reach. This book offers a framework for understanding how corporate power reshapes policymaking and what that means for business and democracy.
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Stealing the future and concealing the theft—capitalism’s method, as examined by the author of the acclaimed Carbon Democracy Today,
extraordinary wealth seems to arrive from nowhere. The trick of
conjuring this unearned wealth is, in fact, the key to understanding
capital­ism’s origins and a clue to why the catastrophe of climate
collapse is upon us: value is created by consuming the future. In The Alibi of Capital: How We Broke the Earth to Steal the Future on the Promise of a Better Tomorrow
(Verso, 2026), Professor Timothy Michell explains how this came about
through the imperial expansion of the West, en­cumbering today’s
generations with repayments on earlier extractions. Timothy Mitchell
identifies the forms of capitalisation, credit, and coercion that turn
prospective assets into present income. Rejecting the common idea that
claims on the future create only financial or fictitious capital, he
traces the terraforming projects – the destruction of rivers, the
colonising of territory, the expan­sion of infrastructure, and the
burning of carbon—through which the future has been squandered. Terms
such as finance, technology, the economy, and growth function as alibis
that conceal this devastating form of extraction.
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