New Books in Economic and Business History

What does it mean for a small state to imagine itself as a model for the developing world? And how were these visions of agrarian development received on the ground?

In The Global Vanguard: Agrarian Development and the Making of Modern Taiwan (U California Press, 2025), James Lin examines these questions through the example of Taiwan. In the first half of the twentieth century, Taiwan transformed from an agricultural colony into an economic power, and it then attempted to export its agrarian success — the “Taiwan model” — to rural communities across Africa and Southeast Asia. The book looks at how these development missions portrayed Taiwan, both at home and abroad, and shows how agriculture, domestic politics, and development politics were deeply intertwined.

Rather than treating Taiwan’s postwar development as a self-contained success story, Lin reframes it as a global project shaped by Cold War geopolitics and international development regimes. As the book shows, the “Taiwan model” was actively constructed and promoted through overseas missions, beginning with early efforts such as the 1959 agricultural mission to South Vietnam and expanding through large-scale initiatives like “Operation Vanguard” in Africa. In these encounters, Taiwanese experts worked directly with rural communities, and the model itself was reshaped in local contexts. At the same time, these missions were deeply significant domestically, serving as a way for the Taiwanese state to project national strength and legitimacy in the context of diplomatic isolation.

Drawing on extensive archival research and oral histories, Lin places Taiwan at the center of global development history and offers a new way of thinking about how models of modernization travel, as well as how “development” itself came to be understood as a technical and scientific enterprise. As such, this book will appeal to readers interested in Taiwan studies, global history, and development studies.

A free ebook version of this title is also available through Luminos, the University of California Press’s Open Access publishing program.
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The book places special emphasis on the relationship between corporations, managers, and shareholders. Drawing on Lynn Stout’s influential work on corporate governance, the authors challenge the common belief that corporate law requires managers to maximize shareholder value at all times. In reality, corporate directors and managers are expected to exercise business judgment that balances long-term corporate health, stakeholder relationships, and legal responsibilities.

Shareholders play a critical role in corporate governance, but the authors emphasize that corporations are not simply machines for immediate shareholder profit. Instead, corporations are long-lived institutions that rely on cooperation among shareholders, employees, customers, communities, and regulators. Ethical management therefore requires maintaining trust across this broader network.
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Our guest today is Steffan Blayney, the author of Health & Efficiency: Fatigue, the Science of Work, and the Making of the Working-Class Body. In Health & Efficiency, Blayney explores a new model of health that emerged in Britain between 1870 and 1939. Centered on the working body, organized around the concept of efficiency, and grounded in scientific understandings of human labor, scientists, politicians, and capitalists of the era believed that national economic productivity could be maximized by transforming the body of the worker into a machine. At the core of this approach was the conviction that worker productivity was intimately connected to worker health. Under this new "science of work," fatigue was seen as the ultimate pathology of the working-class body, reducing workers' capacity to perform continued physical or mental labor. As Steffan Blayney shows, the equation between health and efficiency did not go unchallenged. While biomedical and psychological experts sought to render the body measurable, governable, and intelligible, ordinary men and women found ways to resist the logics of productivity and efficiency imposed on them, and to articulate alternative perspectives on work, health, and the body.

Steffan Blayney is a former Wellcome Trust Research Fellow at the University of Sheffield, where his work focused on the relations between health, the body, and society, and on histories of political activism in modern and contemporary Britain. He has taught at Birkbeck, Kent, and Sussex, was previously a member of the editorial team at History Workshop Online, and was a co-founder and organizer of History Acts - a radical history workshop and network connecting activists and historians. He also authored the book Long Live Southbank, which celebrates the history and culture of the Undercroft area of the South Bank - the oldest recognized and still existing skateboarding space in the world - and the community that has evolved there over the years. Today, he no longer works within the walls of academia; instead, he is out in the field as a labor organizer, utilizing his talents, knowledge, and expertise in his work with EQUITY, a performing arts and entertainment trade union based in London.

My co-producer today is Drew Marczewski a student in the MA Program in Communication at Oakland University.
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In today’s world, it is almost impossible to go through the day without interacting with a bank—whether through a salary payment, a debit card, a credit card, or a digital ID used to access public services online. Yet this intimate relationship between households and banks is relatively recent.

In this episode of the New Books Network, I speak with Orsi Husz, Professor at Uppsala University, about her book Bankminded: Banks as Intimate Agents of Everyday Life in Welfare State Sweden. The book traces how, from the late 1950s onwards, banks gradually became embedded in the everyday routines of ordinary people. Through wage accounts, credit cards, financial advice, and identity documents, financial institutions reshaped how households handled money—and how they thought about finance itself.

Drawing on rich archival research, Husz shows that this transformation was not simply a story of technology or markets. It involved cultural shifts around class, gender, morality, and identity, as well as the surprising role of the welfare state in expanding everyday banking. The result was what she calls the “bankification” of everyday life—a process that laid the groundwork for the financialised world we inhabit today.

If you are interested in the history of banking, the culture of finance, or how modern financial habits emerged, this conversation offers a fascinating perspective on a transformation that most of us now take for granted.

You can download the book for free (Open Access) here

Listen to the episode to learn how banks became an intimate part of everyday life.
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In Company Towns: Industry Power and the Historical Foundations of Public Mistrust (University of Chicago Press, 2026), Dr. Elizabeth Mitchell Elder examines the long-lasting political legacies of mining-company dominance in the Midwest and Appalachia. While the economic consequences of deindustrialization are well-known, Dr. Elder shifts the focus to a more insidious problem: the political dysfunction that took root long before the mines shut down.

Drawing on historical and administrative data, Dr. Elder shows that the coal industry hindered the growth of local government capacity in the places where it was dominant. Mining companies also engaged in outright corruption to shape local governments, practices which local elites then carried forward. When mining companies withdrew, they left behind not just economic decline, but local governments ill-equipped to govern.

These patterns have had enduring consequences for public life. Dr. Elder shows how these historical experiences have fueled a broader cynicism toward government, in which citizens expect little from public institutions and doubt the usefulness of elections. Company Towns underscores the consequences of corporate dominance for state capacity, public opinion, and democratic accountability today.

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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