New Books in Economic and Business History

In Precarious Accumulation: Fast Fashion Bosses in Transnational Guangzhou (Duke UP, 2026), the cultural anthropologist Nellie Chu tells the story of the migrant entrepreneurs at the heart of Guangzhou’s fast fashion industry—one of the world’s most dynamic hubs of transnational commodity production. Chu shows how rural Chinese migrants, West African traders, and South Korean jobbers navigate the high-speed, low-margin world of just-in-time garment production that fuels the constant accumulation of wealth via global supply chains. Drawing on fieldwork in Guangzhou’s urban villages and household workshops, Chu outlines how these entrepreneurs’ dreams of economic freedom clash with the reality of precarity and the exclusions of emigre status. Migrant bosses operate within a highly competitive, informal economy where they are both agents and target of exploitation, as they must evade rent collectors, endure racialized policing, and mitigate extortion from security officers and competitors. Chu crucially demonstrates how their efforts generate novel forms of migratory labor, commodity production, and cross-cultural exchange in postsocialist China.

Nellie Chu (email here) is Assistant Professor of Cultural Anthropology at Duke Kunshan University. Her research focuses on transnational and domestic migrant entrepreneurs across the global supply chains of fast fashion in southern China. She has papers published in leading academic journals, including positions: east asia critique, Modern Asian Studies, Culture, Theory, and Critique, and Journal of Modern Craft. Her work can also be found in Made in China Journal, Youth Circulations, and Noema Magazine.

Yadong Li is an anthropologist-in-training. He is a PhD candidate of Socio-cultural Anthropology at Tulane University. More details about his scholarship and research interests can be found here.
Learn more about your ad choices. Visit megaphone.fm/adchoices

In recent decades, self-proclaimed “independent bookstores” have arisen across China. In the West, such retailers represent an alternative to corporations and chains. In China, by contrast, they differentiate themselves from not only the state-owned Xinhua Bookstore but also other privately owned shops through an emphasis on intellectual independence and the free exchange of ideas.

Cultural Mavericks: The Business and Politics of Independent Bookselling in China (Columbia UP, 2026) by Dr. Zheng Liu takes readers inside the world of independent bookselling in China, showing how a wide range of figures navigate the challenges of book retailing in the digital age amid rapidly shifting social, political, and economic dynamics. Drawing on more than a decade of immersive research—including interviews, observations, and extensive documentary analysis—Dr. Liu unveils how these bookstores carve out a unique identity and market position. She develops the concept of “culturally adapted strategy” to explain how independent bookstores—as both dedicated cultural institutions and resilient business enterprises—balance economic imperatives with a deep commitment to intellectual autonomy. Dr. Liu challenges the tendency to understand nonstate cultural institutions in China in terms of resistance, arguing that independent bookstores engage with politics as a strategic means of differentiation from the competition.

Richly detailed and compellingly written, Cultural Mavericks sheds new light on the interplay among culture, commerce, and politics in China, offering timely insights into the evolving dynamics of China’s book industry and wider cultural economy.

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.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Societal grand challenges have taken a toll on humanity, which finds itself at a crossroads. The concentration of wealth and economic inequality, the dominance of Big Tech firms, the loss of privacy and free choice, and the overconsumption and abuse of natural resources have been reinforced by globalization. Regulation, legislation, international treaties, and government and corporate policies have fallen short of offering sufficient remedies. The Cooperative Economy: A Solution for Society(Routledge, 2023) offers a bold solution: a new economic system, free from the design flaws that have contributed to these societal grand challenges. The cooperative economy is an ethical community-driven exchange system that relies on collective action to promote societal values while accounting for resource constraints. The book explains how this new system uses design principles to promote the self-sufficiency of communities, sustainability, and entrepreneurship while limiting overconsumption and excessive profit-making. It enhances economic equality by leveraging price subsidization and by restricting salary differences. Please become involved. If interested it what a cooperative economy can offer and what role you can play in it, go to the book’s website here.
Learn more about your ad choices. Visit megaphone.fm/adchoices

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.
Learn more about your ad choices. Visit megaphone.fm/adchoices

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.
Learn more about your ad choices. Visit megaphone.fm/adchoices