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     

Ben Ross Schneider. Business Politics and the State in Twentieth-Century Latin America. New York: Cambridge University Press, 2004. xix + 312 pp. ISBN 0-521-83651-4, $70.00 (cloth); 0-521-54500-5, $26.99 (paper).

This volume is a valuable addition to the extensive and disparatebibliography on business associations, state-business relations,collective action, corporatism, and civil society. One of itsmajor achievements is that it will help to redirect researchon these topics. The book encompasses a wide field of scholarlywork hitherto undertaken in a variety of disciplines: politicalscience, economics, sociology of organizations, and economicand business history. In terms of business history, Schneider’sbook is an important contribution to the study of     

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     

Paul Sabin. Crude Politics: The California Oil Market, 1900-1940. Berkeley: University of California Press, 2004. xx + 307 pp. ISBN 0-520-24198-3, $39.95 (cloth).

Champions of the oil industry have long claimed that oil isthe cheapest form of energy. Why is it so cheap? The conventionalanswer emphasizes oil’s natural abundance and the wondersof market supply and demand. Most historians who study the industryat least implicitly accept this explanation. But is not resourceabundance a socially constructed concept? Can we so easily isolatemarket forces from politics and government policy in explainingthe cost and price of oil? These     

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     

Sarah Elvins. Sales and Celebrations: Retailing and Regional Identity in Western New York State, 1920-1940. Athens, Ohio: Ohio University Press, 2004. 222 pp. ISBN 0-8214-1549-2, $42.95 (cloth).

Elvins’s book is part of a growing body of historicalscholarship that interrogates the lived experience of consumersociety in the twentieth-century United States. Beginning whereWilliam Leach’s Land of Desire (1993) left off, Elvinsseeks to complicate "top-down" narratives of the homogenizationof American consumer culture into a national mass market. Takingher cue from Lizabeth Cohen’s early work on consumptionin Chicago, Elvins examines consumption on the local level in     

Steve Lerner. Diamond: A Struggle for Environmental Justice in Louisiana's Chemical Corridor. Cambridge, Mass.: MIT Press, 2005. xiv + 344 pp. ISBN 0-262-12273-1, $27.95 (cloth).

In the decades before the Shell Corporation moved them out,the African American residents of Diamond, Louisiana, sufferedthe ill effects of petrochemical factory explosions that killedor injured family members and damaged their homes. They alsosaw clouds of foul-smelling white or colored gas snaking throughtheir streets and flowing into their homes, the products ofleaks from the large Shell chemical and oil refinery facilitiesthat defined the boundaries of their neighborhood and the adjacentwhite community of Norco. In a     

Scott A. Sandage. Born Losers: A History of Failure in America. Cambridge, Mass.: Harvard University Press, 2005. x + 362 pp. ISBN 0-674-01510-X, $35.00 (cloth).

Born Losers is a masterpiece that maps the misery of misfitbusiness failures in success-crazed, nineteenth-century America.The narrative sparkles with lively anecdotes, pithy quotes fromfamous people and failures, and Sandage’s own exquisiteprose, which rivals the catchy lines of the ubiquitous successmanuals. Skeptical scholars will find the research provocativebecause Sandage documents the wide range of sources availableto study the "forgotten men" of "the other nineteenth century"(p. 3): "private letters, diaries, business records, bankruptcycases, suicide notes, political     

Peter Hayes. From Cooperation to Complicity: Degussa in the Third Reich. Cambridge, U.K.: Cambridge University Press, 2004. xx + 373 pp. ISBN 0-521-78227-9, $40.00.

Over the past few years, many histories of German companiesduring the Third Reich have been published. They are a responseto the attempts by survivors to obtain restitution from firmsinvolved in the commission of crimes against humanity duringthat period. Peter Hayes’s portrayal of one of the enterprisesthat was most deeply involved, Degussa, is among the best. Hayes begins his work with a disclaimer that "this book is designednot as an all-embracing     

David L. Mason. From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831-1995. Cambridge, U.K.: Cambridge University Press, 2004. xii + 349 pp. ISBN 0-521-82754-X, $50.00.

This book provides a long-term history of the savings and loanindustry in the United States, outlining and developing fourthemes. First is the history of the enterprises themselves,from their earliest years to the crisis-ridden deregulationperiod of recent history. Author David Mason also charts thegenesis and impact of collective activity—the trade associationsthat attempted to represent or regulate the industry. Third,he chronicles the relationship between the sector and government;and finally, the author aims to assess the     

Richard Coopey, ed. Information and Technology Policy: An International History. New York: Oxford University Press, 2004. xvi + 346 pp. ISBN 0-19-924105-8, $99.50 (cloth).

Richard Coopey’s Information and Technology Policy isan edited volume featuring an impressive array of scholars whoprovide nuanced accounts of national governmental policies relatedto the computer and (to a lesser extent) software industries.As Coopey writes in his introduction, the post–World WarII period is remembered as a time of American political, economic,and technological ascendancy. In the design, manufacture, anddistribution of computers, the United     

Jack Goody. Capitalism and Modernity: The Great Debate. Cambridge, U.K.: Polity Press, 2004. vii + 200 pp. ISBN 0-7456-3190-8, $56.95 (cloth); 0-7456-3191-6, $21.95 (paper).

When and why did the West gain its current economic advantageover the rest of the world? This topic is the source of an animateddebate within the academy today. Jack Goody, a noted socialanthropologist, analyzes these questions and offers his ownviews in his new book, Capitalism and Modernity: The Great Debate. The participants in this debate often have been divided intotwo broad camps. On the one side, which I will call here theEuropeanists, are those who     

Frank Dobbin, ed. The New Economic Sociology: A Reader. Princeton, N.J.: Princeton University Press, 2004. vii + 565 pp. ISBN 0-691-04905-X, $65.00 (cloth); 0-691-04906-8, $27.95 (paper).

This volume is designed to ease the entry of advanced sociologystudents into the growing literature in their discipline aboutmarkets and the organizations and individuals who operate withinthem. It can serve this useful function for business historiansas well, although it will take some tenacity on the part of"splitters" to make sense of what the "lumpers" are gettingat. The collection’s twenty chapters include articles fromleading journals and book excerpts and are organized around     

Kevin Binfield. Writings of the Luddites. Baltimore, Md.: Johns Hopkins University Press, 2004. xxviii + 279 pp. ISBN 0-8018-7612-5, $49.95 (cloth).

On the whole this volume offers more than its title suggests.Kevin Binfield has collected and annotated a wide array of textsconcerning not only the specific activities of the Ludditesbut also the wider economic and political contention of the1810s. He takes as his purpose the "textual recovery" of workingpeoples’ rhetorical strategies from the Luddite era. Todo this, he has thoroughly scoured national, county, and cityarchives, local newspapers, collections of several major businesses     

Michael Augspurger. An Economy of Abundant Beauty: Fortune Magazine and Depression America. Ithaca, N.Y.: Cornell University Press, 2004. viii + 292 pp. ISBN 0-8014-4204-4, $34.95 (cloth).

A curious blend of business and intellectual history, with anemphasis on the latter, Michael Augspurger’s An Economyof Abundant Beauty offers a reading of Fortune magazine fromits founding in 1930 through the election of Dwight D. Eisenhowerin 1952. Distancing himself from other observers of the publicationwho have interpreted Fortune’s heavy coverage of highculture and aesthetics during the 1930s alongside more prosaicbusiness news as the result of a distinct split between a progressivestaff of writers, including James Agee and Archibald MacLeish,and more conservative editors and publisher Henry Luce, Augspurgerclaims to discern a     

Elisabeth Koll. From Cotton Mill to Business Empire: The Emergence of Regional Enterprises in Modern China. Cambridge, Mass.: Harvard University Press, 2004. xvi + 422 pp. ISBN 0-674-01394-8, $49.50 (cloth).

Elisabeth Köll has written more than a book about ZhangJian (1853–1926), a pioneer of modern business in China.This is an important study of enterprise organization, managementpractice, and the means by which Zhang’s Dasheng enterprisegroup changed the political economy of provincial Nantong, aYangzi River city near Shanghai. The author is focused firstlyon control and accountability in the management of the enterpriseand secondly on the institutional transfer—"the interpretation,adaptation and application" (p. 4)—of Western corporatestructures, such as the limited liability firm, to the Chinesebusiness     

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     

Morris L. Bian. The Making of the State Enterprise System in Modern China: The Dynamics of Institutional Change. Cambridge, Mass.: Harvard University Press, 2005. xi + 331 pp. ISBN 0-674-01717-X, $45.00 (cloth).

Although it has been generally recognized that industrial andeconomic expansion in China can be traced from the early yearsof the nineteenth century, the conventional view is that thedevelopment of the modern state enterprise system dates fromthe setting up of the People’s Republic of China in 1949.According to most commentators, the Chinese almost universallyadopted Stalinist industrial and economic systems in the earlyyears of the postrevolutionary period without much by way of     

Lisa Jacobson. Raising Consumers: Children and the American Mass Market in the Early Twentieth Century. New York: Columbia University Press, 2004. xvi + 299 pp. ISBN 0-231-11388-9, $35.00 (cloth).

Ever since the publication of Thorstein Veblen’s Theoryof the Leisure Class (1899), economists and other social scientistshave studied the importance of consumption to the economy ofthe United States. There are numerous studies of patterns ofconsumption, but, Jacobson argues, the role of children hasbeen seriously neglected. The children Jacobson studies werenot just miniature shoppers; they were "cultural icons" whohelped to establish the legitimacy of consumption in Americansociety (p. 2). Early in the twentieth century     

Brett Williams. Debt for Sale: A Social History of the Credit Trap. Philadelphia: University of Pennsylvania Press, 2004. 154 pp. ISBN 0-8122-3817-6, $24.95 (cloth).

This volume covers a social history of modern consumer credit,specifically, credit card debt, pawnshops, and storefronts thatoffer check-cashing services and paycheck loans. Consumer creditis largely a product of the past half century. Diners Club issuedits first credit cards in 1951, and Carte Blanche, AmericanExpress, and other entities soon followed suit. In the 1970sthe advent of computers and the deregulation of banking resultedin an explosion in the use of credit cards. Initially, credit