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New Books in Economic and Business History

New Books in Economic and Business History

By: New Books Network
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 Interviews with scholars of the economic and business history about their new booksNew Books Network Art Literary History & Criticism Science Social Sciences World
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  • Bench Ansfield, "Born in Flames: The Business of Arson and the Remaking of the American City" (Norton, 2025)

    Bench Ansfield, "Born in Flames: The Business of Arson and the Remaking of the American City" (Norton, 2025)
    Aug 20 2025
    “Ladies and gentlemen, the Bronx is burning!” That legendary and apocryphal phrase, allegedly uttered by announcers during the 1977 World Series as flames rose above Yankee Stadium, seemed to encapsulate an entire era in this nation’s urban history. Across that decade, a wave of arson coursed through American cities, destroying entire neighborhoods home to poor communities of color. Yet as historian Bench Ansfield demonstrates in Born in Flames: The Business of Arson and the Remaking of the American City (Norton, 2025), the vast majority of the fires were not set by residents, as is commonly assumed, but by landlords looking to collect insurance payouts. Driven by perverse incentives—new government-sponsored insurance combined with tanking property values—landlords hired “torches,” mostly Black and Brown youth, to set fires in the buildings, sometimes with people still living in them. Tens of thousands of families lost their homes to these blazes, yet for much of the 1970s, tenant vandalism and welfare fraud stood as the prevailing explanations for the arson wave, effectively indemnifying landlords. Ansfield’s book, based on a decade of research, introduces the term “brownlining” for the destructive insurance practices imposed on poor communities of color under the guise of racial redress. Ansfield shows that as the FIRE industries—finance, insurance, and real estate— eclipsed manufacturing in the 1970s, they began profoundly reshaping Black and Brown neighborhoods, seeing them as easy sources of profit. At every step, Ansfield charts the tenant-led resistance movements that sprung up in the Bronx and elsewhere, as well as the explosion of popular culture around the fires, from iconic movies like The Towering Inferno to hit songs such as “Disco Inferno.” Ultimately, they show how similarly pernicious dynamics around insurance and race are still at play in our own era, especially in regions most at risk of climate shocks. Bench Ansfield is Assistant Professor of History at Temple University. They hold a PhD in American Studies from Yale University and won the Allan Nevins Prize for the best dissertation in American history from the Society of American Historians. They live in Philadelpha, Pennsylvania. Bluesky. Website. Brian Hamilton is chair of the Department of History and Social Science at Deerfield Academy. Twitter. Website. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    48 mins
  • Shennette Garrett-Scott, "Banking on Freedom: Black Women in U.S. Finance Before the New Deal" (Columbia UP, 2019)

    Shennette Garrett-Scott, "Banking on Freedom: Black Women in U.S. Finance Before the New Deal" (Columbia UP, 2019)
    Aug 20 2025
    Think running an insurance company or a bank is hard? Try doing it as an African-American woman in the Jim Crow South. Shennette Garrett-Scott's new book, Banking on Freedom: Black Women in U.S. Finance Before the New Deal (Columbia University Press, 2019) tells the fascinating story of just such an endeavor, first the Independent Order of St. Luke, and then the St. Luke Penny Savings Bank, founded in Richmond in 1903. Along the way, she tells the tale of force-of-nature strong women, particularly Maggie Lena Walker, who wouldn't take no for an answer as she built up a culture of business and entrepreneurship against incredibly long odds and never-ending efforts by regulators and competitors to thwart her efforts. It makes for gripping reading. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    42 mins
  • Steve L. Monroe, "Mirages of Reform: The Politics of Elite Protectionism in the Arab World" (Cornell UP, 2025)

    Steve L. Monroe, "Mirages of Reform: The Politics of Elite Protectionism in the Arab World" (Cornell UP, 2025)
    Aug 19 2025
    In Mirages of Reform: The Politics of Elite Protectionism in the Arab World (Cornell UP, 2025), Steve L. Monroe argues that geopolitics and social connections between state and capital underpin the Arab world's uneven trade policies. Despite decades of international pressure, neoliberal trade policy reform in the Arab world has been varied, selective, and often ineffective. Neoliberal trade policies have not deepened international trade in many of the region's markets. This book explains why. When the region's regimes have strong support from global powers and strong social connections to the industrial elite, they engage in extensive but deceptive trade policy reform. Behind an edifice of neoliberal trade policies, neopatrimonial forms of protectionism like tax evasion and noncompetitive procurement shield the socially connected from international competition and obstruct actual trade liberalization. Industrialists are less trustful of regime promises of neopatrimonial protectionism after reform when they have weak social connections to their regime and their regime has low support from global powers. They are more likely to defend existing protectionist policies under these conditions, resulting in less trade policy reform. Drawing on interviews, firm- and industry-level data, and evidence from Jordan to Morocco, Mirages of Reform reveals how international and domestic factors interact to shape the Arab world's rugged trade policy terrain. Insightful and well researched, this book imparts important lessons and warnings about the repercussions of economic reform in the region. Steve L. Monroe is Assistant Professor of Political Science at the National University of Singapore. He is a scholar of development, with a primary focus on the Arab world. Monroe's scholarship examines two of the region's most pressing developmental challenges: limited economic integration, and gender inequality. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    24 mins
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