New Books in Economics

We tend to talk about globalisation as if it arrived with container ships, multinationals and the internet. Christopher Meissner’s One from the Many: The Global Economy since 1850 (Oxford UP, 2024) argues that it has a far longer and messier history. In my latest New Books Network interview, I put that history, and some of its biggest open questions, to him.
A book for a nervous moment
Tariffs, industrial policy, “economic security” and the relocation of supply chains have revived the argument that globalisation is going into reverse. Meissner, Professor of Economics at UC Davis and a Research Associate at the NBER, takes the long view. Trade, capital and migration surged between 1850 and 1914, collapsed between the wars, and were rebuilt after 1945. His conclusion is that globalisation is hard to kill, but not guaranteed to survive. That depends on political choices and international cooperation.

If you teach economics, history or political science, or simply want to know whether today’s headlines signal the end of globalisation, this book and this conversation are for you.
What we talk about
Why the first globalisation happened, and what a Briton, an Argentine or an American in 1900 would have made of today’s world
Migration: we have liberalised goods and capital far more than people, so how much does that limit globalisation’s power to reduce inequality?
Whether backlash was always built into globalisation, or whether wars and shocks brought it down, and what that means for today’s politics
The Great Depression and the question of leadership: can the world economy function without a power willing to underwrite it?
The paradox of the US dollar, and why capital flows towards the richest economy rather than the poorest
What evidence would convince Chris that “this time really is different”
Writing a first book, and why economics works best inside history rather than bolted on beside it.

Some of these questions came from my own students, where the book is now core reading. They like it because it explains long-run change while making formal theory accesible.
What other reviewers say
Barry Eichengreen, in Foreign Affairs, praised its clarity and concision across nearly two centuries. In Good Reads, Jason Furman called it a reliable, readable history, well grounded in the research literature. Donald Boudreaux, in The Independent Review, judged it an admirable survey of key events and theories, although he took issue with some analytical choices. That makes it a useful starting point for readers who want to form their own view.

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When one hears about needs in the context of politics, one might imagine that they are dealing with facts that simply cannot be circumvented. Moving from this idea, Boss sees a tension, one in which politics, a field of negotiated agency, might find itself strangled by a closed concept. Without wanting to contend that people can actually live without having certain basic needs met, Boss wants to ensure that politics itself remains a realm of freedom, and finds in his own reading of Karl Marx a thread of thinking that slowly unwinds social and economic theories that unwittingly create situations they imagine themselves to be mirroring. Reading Marx in dialogue with economics, critical theory and contemporary political theory, Boss seeks to interrogate the ways in which our thinking about politics may not be best thought of as detached reflections on reality but active forms of participation in and creation of reality, a process that locks down what we should be trying to keep open. Marx and the Politics of Need (Routledge, 2026) is slowly but surely throughout the book turned into a need of politics, a careful and methodical reflection on what political thinking itself is.
George Boss is a Leverhulme Early Career Fellow at Queen Mary University of London.

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In the first half of the twentieth century, Asia's colonial trade, commerce, and enterprise pivoted on five cities- Shanghai, Hong Kong, Singapore, Calcutta, and Bombay. Today, among these, only Calcutta no longer plays a significant role in the Asian or global economy. Why? Agents of Inertia: Business, Urban Crisis, and Economic Decline in Twentieth-Century Calcutta (Cambridge UP, 2026) answers this question by investigating how Calcutta's British and Indian businesses have engaged with the city's infrastructural and economic challenges. It throws up a startling result: through the first seven decades of twentieth century, Calcutta's businesses, in contrast to their counterparts elsewhere, staunchly resisted several measures that intended to update and improve the city's infrastructure. It is this resistance, Agents of Inertia argues, that led to Calcutta's postcolonial urban crisis and contributed to capital- flight and economic decline. One of the first full-length monographs on Calcutta's postcolonial urban-economic decline, it shows how big businesses not only make but can also break a city's fortunes.

Gaurav C. Garg is a historian of modern South Asia, cities, mountains, and international development at Ashoka University, Delhi NCR.

Soumyadeep Guha is a fifth-year PhD student in the History Department at Binghamton University, New York. He is interested in historical research focusing on themes such as Agrarian/Environmental History, History of Science and Tech, Global History, and their intersections. His prospective dissertation questions are on the pre-history of the ‘Green Revolution’ in Eastern India.

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The oil industry today sponsors dozens of citizen advocacy organizations. Often called 'front groups' or 'astroturf,' they have become key actors in fossil fuel companies' political efforts across the US and Canada. People For Oil: Citizen Mobilization in the U.S. and Canadian Fossil Fuel Industries (Cambridge UP, 2026) by Dr. Tim Wood digs into these groups and the day-to-day ways they shape our energy future. Drawing on interviews with pro-oil organizers and citizen joiners, Dr. Wood explains why these groups form, why people join, and how these organizations intervene in governance. He shows that while we tend to think of all corporate grassroots mobilization as financially secretive, many campaigns today are openly sponsored and long-lasting. This allows industry lobbyists to stake a claim to representing citizen voice. By making sense of the backstage logics and affective politics of pro-oil organizing, People for Oil equips readers to better understand important new players in today's climate and energy politics.
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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To listen to the entire four-part series, subscribe here.
In 2018, Gyula Remes died in the underpass at Westminster tube station, just steps from the Houses of Parliament and luxury developments worth millions. How could this happen in one of the richest cities on Earth?
Episode one introduces Gyula and the world he died in: a Westminster plagued by the twin crises of homelessness and empty homes. In a London borough where extreme wealth exists alongside extreme poverty, Kojo traces the circumstances of Gyula’s death and a troubling question emerges.
What begins as a local tragedy opens the door to a much larger system, which we open onto a strange land called ‘offshore’.
Kojo Karam is a Professor in Law and Political Economy at the School of Law at Loughborough University.

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