New Books in Economic and Business History

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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America’s money is global money—nearly every nation in the world writes international contracts in dollars, and in 2023, central banks around the world held nearly $6.7 trillion in dollar reserves, three times any other currency. Today, the United States’ global hegemony rests largely on its ability to produce unlimited treasury bonds that are sold around the world, dollars that supported America’s explosive growth in the twentieth century and funded its massive wars in the twenty-first. American power and the American dollar have become synonymous.Yet in this brilliant 500-year history The Almighty Dollar: 500 Years of the World's Most Powerful Money (Crown, 2026), Brendan Greeley argues that America’s sovereignty over the dollar is an illusion—that the dollar had already empowered and destroyed nations long before it washed up on colonial shores, and that no country or king has or can ever truly control it. Reaching back to the dollar’s birth as the taler in the 15th-century silver mines of St. Joachimsthal, Greeley reveals how the dollar first thrived as a commodity for merchants and bankers—a big, silver coin that was trusted around the world, even as the miners who pulled it from the ground had trouble getting paid in that same silver. Greeley traces a captivatingly complex path across time and place, from the industrial collapse at the heart of Spain’s 17th-century silver empire, to the birth of American paper dollars in colonial Maryland, 19th-century New Orleans bank failures, and the small town of Hawarden, Iowa, which created its own dollars during the Great Depression. At every surprising turn, Greeley upends assumptions about global currencies and draws out the centuries-old tension between how dollars are manufactured and whom they actually serve.Singular in its breadth, The Almighty Dollar dismantles the myth that America created or has ever truly controlled the dollar. Through meticulous research and vividly rendered stories of merchants, monarchs, and everyday people both past and present, Greeley shows how the dollar became America’s greatest export, spawning a vast financial industry that enriches the wealthy, even as the rest of the country’s industries suffer.
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Money is everywhere in our daily lives. It lurks in the swipe of a
card at the grocery store, in looming student-loan debts, in the prices
of things we want, and in our subconscious navigation of the modern
world. In this revelatory book, economists Mason and Jayadev explain how
and why money is so deeply misunderstood by the world it dominates—as
well as the dangerous social implications of this misunderstanding. Against Money (University of Chicago Press, 2026) tackles
the most dearly held “truths” of economics, arguing that the world of
money has never been an impartial representation of the world of things.
Instead, its existence in different forms—debt, capital, liquidity, and
interest—increasingly shapes events in the real world rather than just
reflecting them. Sometimes money enables new forms of cooperation; more
often it facilitates domination. Human existence is not just facilitated
by money but also governed by it.

J.W. Mason is an Associate Professor of Economics at John Jay
College, City University of New York and a Senior Fellow at the
Groundworks Collective. He was formerly the Policy Director for the New
York State Working Families Party. Arjun teaches Economics at the
University. Arjun Jayadev is Professor of Economics at Azim Premji
University in India.
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