Todd A. Knoop. Recessions and Depressions: Understanding Business Cycles. Westport, Conn.: Praeger, 2004. xv + 289 pp. ISBN 0-275-98162-2, $49.95.

This book covers "the empirics, the theory, and internationalcase studies of recessions and depressions" as a "contributionto the ongoing debate over the nature and causes of recessionsand depressions" (p. xiv). It does this with non-technical narrativesthat can be understood by upper-level undergraduates and thegeneral reader with some economics background: a welcome goalthat the author achieves. Chapters include useful data tablesand charts without being overwhelming and conclude with furtherreading suggestions.     

Geoffrey Jones. Multinationals and Global Capitalism: From the Nineteenth Century to the Twenty-First Century. New York: Oxford University Press, 2005. xi + 340 pp. ISBN 0-19-927209-3, $144.50 (cloth); ISBN 0-19-927210-7, $44.50 (paper).

Geoffrey Jones introduces Multinationals and Global Capitalismin the preface as a radically revised edition of his The Evolutionof International Business: An Introduction (Routledge, 1996),which has hitherto remained the only history of the developmentand impact of multinationals worldwide. He indicates, quiterightly, that in the meantime globalization has been recognizedas a controversial and widely debated phenomenon. Indeed, itis indicative of the sweeping changes that have reshaped ourperceptions of the world economy that, at its publication lessthan a decade ago, Evolution was innocent of the very term ‘globalization’;     

Douglas Brinkley. Wheels for the World: Henry Ford, His Company, and a Century of Progress, 1903-2003. New York: Viking, 2003. xxii + 858 pp. ISBN 0-670-03181-X, $34.95. * Max Wallace. The American Axis: Henry Ford, Charles Lindbergh, and the Rise of the Third Reich. New York: St. Martin's Press, 2003. 465 pp. ISBN 0-312-29022-5, $27.95

In recent years the line dividing scholarly histories from popularones has grown blurry. Changes in how books are marketed andretailed over the past two decades have whetted the appetiteof general readers for history, and many academic historians,though trained to write for specialists, now seek to tap into this audience more broadly. The commercial success of suchscholars as Joseph Ellis and James M. McPherson has inspiredacademic historians to try to write more readable books. Atthe same time, journalists and other writers are producing ambitiousnarratives based on primary sources. Still, important differencesremain between the kinds of history that academic and popularwriters produce. These differences surface in interesting waysin two new books on Henry Ford. The author of the first, Douglas Brinkley, is a professor anddirector of the Theodore Roosevelt Center for American Civilizationat     

AnnaLee Saxenian. The New Argonauts: Regional Advantage in a Global Economy. Cambridge, Mass.: Harvard University Press, 2006. 424 pp. ISBN 0-674-02201-7, $27.95 (paper).

This book considers a fascinating aspect of new technology businessesand the network economies that support their development. Essentially,it is about the movement of technically skilled professionalswho have been drawn into the commercial environment of SiliconValley and their subsequent technology transfer relationshipwith the part of the world from which they were originally drawn.To use the phraseology of the book, this is about "brain circulation"as opposed to     

Richard Sennett. The Culture of the New Capitalism. New Haven, Conn.: Yale University Press, 2006. 214 pp. ISBN 0-300-10782-X, $25.00 (paper).

Richard Sennett is among the most prominent sociologists ofwork and labor in the English-speaking world, and he has writtenanother in his recent series of books on how major changes incorporate culture are effecting the personal experience andsocial outlook of workers of various kinds. Given the importanceof his focus on human impacts in a time when most economic discussionis about technology and money, it is hard to pass up this book.At the same time, it is equally hard to believe that one willlearn anything new. We     

Alfred D. Chandler, Jr., and Bruce Mazlish, eds. Leviathans: Multinational Corporations and the New Global History. New York: Cambridge University Press, 2005. xiii + 249 pp. ISBN 0-521-84061-9, $65.00 (cloth); ISBN 0-521-54993-0, $22.99 (paper).

The advertising extract, which is this book’s first sentence,reads "Leviathans represents a path-breaking effort to lookat multinational corporations in the round, emphasizing especiallytheir scope, history, development, culture and social implication,and governance problems" (p. i). Given the appropriately globalprestige of the editors and of several of the chapters’authors, one’s curiosity is unavoidably piqued. Whilefew readers will ultimately judge the book to be path-breaking,many will welcome its contribution to     

Kaoru Sugihara, ed. Japan, China, and the Growth of the Asian International Economy, 1850-1949. New York: Oxford University Press, 2005. xv + 295 pp. ISBN 0-19-829271-6, $140.00.

This important cluster of perspectives on the growth of theAsian international economy originates from a 1993 workshopheld in Osaka on the role of China and overseas Chinese networksin the Asian international economy. It is the first volume inthe series of "Japanese Studies in Economic and Social History"edited by Osamu Saito and Kaoru Sugihara. As the title suggests,this book does not deal with issues concerning commodity productionand consumption; it focuses instead on matters     

Roger Lowenstein. Origins of the Crash: The Great Bubble and Its Undoing. New York: Penguin, 2004. ix + 270 pp. ISBN 1-59420-003-3, $24.95 (cloth); 0-14-303-467-7, $15.00 (paper).

What happened on Wall Street from 1997 to 2002 was a financialversion of the perfect storm. Almost everything that could gowrong did go wrong simultaneously. The Securities and ExchangeCommission reforms of the 1930s had closed many of the loopholesfor chicanery, but new paths to questionable practices and debasedprinciples eventually emerged. In his examination of the originsof the "dot.com bubble" and the circumstances of the balloon’sbursting, Roger Lowenstein narrates clearly     

Glenn Adamson. Industrial Strength Design: How Brooks Stevens Shaped Your World. Cambridge, Mass.: MIT Press, 2003. xi + 219 pp. ISBN 0-262-01207-3, $45.00 (cloth); 0-944110-81, $25.00 (paper).

Brooks Stevens participated in the transformation of the modernsetting of everyday life into a designed environment. Althoughhardly a household name, he influenced the conceptual infrastructureof mid-twentieth-century consumer culture as he worked withproduct manufacturers and communicated his understanding ofAmerican business and consumer product design. In this way,as well as in his design of many consumer products and vehicles,Stevens shaped our world and the way we have moved through it. Industrial     

Kathleen Thelen. How Institutions Evolve: The Political Economy of Skills in Germany, Britain, the United States, and Japan. Cambridge, U.K.: Cambridge University Press, 2004. xv + 333 pp. ISBN 0-521-83768-5, $75.00 (cloth); ISBN 0-521-54674-5, $29.99 (paper).

Kathleen Thelen has written an incredibly fascinating book thatshould be obligatory reading for anyone interested in the historyof skill formation or the evolution of institutions in general.For those working on the "varieties of capitalism," path-dependency,punctured equilibrium, or historical institutionalism, thistext should feature prominently in their work. Thelen’sgoal in this book is to discover why Germany, Britain, the UnitedStates, and Japan pursued different "paths" of skill formation.She traces the origin of each path     

Roger Horowitz. Putting Meat on the American Table: Taste, Technology, Transformation. Baltimore, Md.: The Johns Hopkins University Press, 2005. xiii + 170 pp. ISBN 0-8018-8240-0, $35.00 (cloth); ISBN 0-8018-8241-9, $19.00 (paper).

Roger Horowitz opens Putting Meat on the American Table: Taste,Technology, Transformation with the observation that Americais a meat-eating nation. Throughout his narrative, he examinesthe forces that allow so much meat—six to eight ouncesper person per day—to satiate Americans’ appetite.The central questions driving Horowitz’s analysis are(a) what is the relationship between producing and consuminga product and (b) how does the nature of the good affect thisrelationship? In     

Robert H. Gudmestad. A Troublesome Commerce: The Transformation of the Interstate Slave Trade. Baton Rouge: Louisiana State University Press, 2003. xii + 246 pp. ISBN 0-8071-2884-8, $59.95 (cloth); 0-8071-2922-4, $21.95 (paper).

From the works of Harriet Beecher Stowe to J. T. Randolph, slavetraders stalked the pages of antebellum fiction and antislaveryliterature. Yet of the many facets of slavery that scholarshave examined in the past three decades, the one topic thathas been consistently understudied has been the internal slavetrade. Compared with other subjects deemed worthy of monographs—fromslave religiosity to rebelliousness to family structure—theinternal traffic in humans of the early to mid-nineteenth centuryhas been curiously ignored. The few exceptions include     

David Mitch, John Brown, and Marco H. D. van Leeuwen, eds. Origins of the Modern Career. Burlington, Vt.: Ashgate, 2004. xiii + 342 pp. ISBN 0-7546-3496-5, $99.95.

Here is a sturdy volume that presents the theory, methods, andevidence involving employment patterns that constitute the moderncareer. This information is especially important to scholarsof labor studies who are interested in making historical comparisonsacross disciplinary frameworks. While the audience is likelyto be small, the book’s concerns traverse central juncturesin social history. For an edited volume the essays presented here are unusuallycogent, especially given the range of topics.     

Daniel Lederman. The Political Economy of Protection: Theory and the Chilean Experience. Stanford, Calif.: Stanford University Press, 2005. ix + 191 pp. ISBN 0-8047-4917-5, $55.00.

To anyone teaching the political economy of protection, Chilemust be among the closest "natural" experiments around. Thisbook provides a rich and very informative interpretation ofChilean trade policies that covers the period 1810–2000. Chapter 1 reviews the contributions by economists and politicalscientists to the public choice approach to the determinantsof protection. Contributions by the economics and politicalscience literature are grafted to a supply-demand frameworkof protection, with much of the discussion focusing on     

Franco Amatori and Geoffrey Jones, eds. Business History around the World. New York: Cambridge University Press, 2003. xv + 425 pp. ISBN 0-521-82107-X, $65.00.

This important cluster of perspectives on practice and prospectin business history derives from a fall 1998 colloquium heldat Bocconi University in Milan, sponsored jointly by the Institutefor Economic History, the Italian Association of Business Historians(ASSI), Reading University, and Johns Hopkins University. Thecollection echoes its support team’s transnational diversity,presenting an opening set of conceptualizing essays, elevenconcise national/regional overviews, and four closing chaptersthat identify themes for comparative business history. Botha snapshot of the discipline’s preoccupations in the late1990s and a handbook of historiography and work then in progress,Business History around the World is a volume every referencelibrary should own. For practicing historians and graduate students,in my view, parts one and     

Erik Gilbert. Dhows and the Colonial Economy of Zanzibar, 1860-1970. Athens, Ohio: Ohio University Press, 2004. xiii + 176 pp. ISBN 0-8214-1557-3, $49.95 (cloth); 0-8214-1558-1, $26.95 (paper).

It took a tsunami at the end of 2004 to alert the world to whatErik Gilbert could have told us well in advance—that theIndian Ocean’s edge and the people on it are intimatelyintertwined. Building from a rich grounding in one particularplace, Gilbert tells the story of the intersections betweenthe world of dhows and British colonial economic policies inthe Zanzibar islands. Zanzibar today is a semi-autonomous ifcantankerous partner with the former Tanganyika     

Robert P. Bremner. Chairman of the Fed: William McChesney Martin, Jr., and the Creation of the Modern Federal Reserve System. New Haven, Conn.: Yale University Press, 2004. vi + 357 pp. ISBN 0-300-10508-8, $38.00.

Two men headed the Federal Reserve System for 40 percent ofits history. One was Alan Greenspan, who served from 1987 to2006. The other was William McChesney Martin, Jr., who chairedthe U.S. central bank from 1951 to 1970. Although there areother contenders, both Martin and Greenspan have their backersfor designation as America’s greatest central banker.Hence, as the Greenspan era at the Fed ends, it is more thanappropriate that Robert Bremner’s excellent biographyof Martin appears. Because it contains insights into     

Thomas C. Owen. Dilemmas of Russian Capitalism: Fedor Chizhov and Corporate Enterprise in the Railroad Age. Cambridge, Mass.: Harvard University Press, 2005. xiv + 275 pp. ISBN 0-674-01549-5, $49.95.

Fedor Chizhov (1811–1877) has long been undervalued inthe history of Imperial Russia, despite his manifest importancein journalism, Slavophile ideology, the development of industry,railroads, banking, and economic thought. The reasons for thisneglect are twofold. From a practical point of view, the sourcethat most illuminates Chizhov and his context—the candidand detailed diary he kept from the age of fourteen—hasnot been available to western researchers until recently, andSoviet (and later Russian) researchers made little use of it.The reason