How did industrial policy shape American capitalism in the nineteenth century (and beyond)? My article on how the U.S. “escaped the periphery” is now out: journals.uchicago.edu/doi/10…

📰What was Bidenomics? My new paper at @pasupdates uses developmental-state literature to reassess the IRA,CHIPSAct, and infrastructure law.I argue these policies were more than derisking: they marked a break with neoliberalism and revealed a no-longer hidden developmental state

AJR showed that it is possible to win a Nobel Prize using Mickey Mouse Numbers. In my new blog post, I show how their results depend on choice made in data construction, in both "The Colonial Origins of Comparative Development" (2001) and "Reversal of Fortune" (2002). 1/9

דברים שאמרתי לרותי לוי ב @TheMarker לגבי הצעת רשות המיסים להחשיב סטארט־אפים שיוקמו על ידי בוגרי יחידה טכנולוגית בשנים שלאחר השחרור כחברה ישראלית לצורכי מס

🎓 If Trump serves out his second term, he will have dominated American politics for twelve years — longer than any president since FDR. And yet scholars have struggled to make sense of Trumpism on its own terms. A mini-conference at Cambridge, 1–2 June, organised by @glgerstle and me, engages with it from a broad historical and interdisciplinary perspective. 📌 Panel I (1 June, 4–5:30pm) — Populist Furies, Right & Left, 2010–2020 Chair: Mia Bay | Presenter: @glgerstle | Commentator: Alice Figes 📌 Panel II (2 June, 10am–noon) — The Origins of Trumpism: The Neoliberal Crisis of the 1990s Chair: Caroline Johnston | Presenter: @lionel_trolling | Commentator: @DEHEdgerton 📌 Panel III (2 June, 1:30–3:30pm) — Does Trumpism Have a Coherent Political Economy? A Roundtable Chair: @NMaggor | Panelists: @HelenHet20, @haugejostein, @DrLeeJones #Trumpism #AmericanHistory #USPolitics #PoliticalEconomy 🔗 Full programme: eventbrite.co.uk/e/the-past-…

For Spirit’s employees, customers & for the communities in which it operates, the airline’s failure is a tragedy. But there are a lot of misconceptions about going around, including blaming antitrust enforcement, and looking at Spirit in isolation.

With respect to Jesús, economist Guilherme Martin Kleins, drawing on Alice Amsden's work and attempts by South American economists to solve exactly this problem- why did East Asia rise while South America fell- provides an answer: aeon.co/essays/how-foreign-c…

Excited to share our new article in HM with Sam Salour on Brenner/Wood (PM) and the politics of imperialism and eurocentrism! Hopefully this will allow for a better debate than that provoked by Chibber’s recent Jacobin article… brill.com/view/journals/hima…

Just out: link.springer.com/article/10…

Today, Noam Maggor concludes our symposium on @JasonBJackson's *Traders, Speculators, and Captains of Industry.* Although rooted in Indian history, he argues, the book’s thoroughly global-comparative mode of analysis allows it to resonate far beyond South Asia.

"Morality tales about virtuous entrepreneurs or predatory speculators are less descriptions of economic reality than prescriptive efforts to shape it. To label some capitalists as productive and others extractive is way of trying to direct behavior toward socially desired ends."

Today, @JasonBJackson kicks off a symposium on his new book, *Traders, Speculators, and Captains of Industry: How Capitalist Legitimacy Shaped Foreign Investment Policy in India.* Economic policymaking, he argues, is best seen as a state-led project of moral ordering of capital.

The Fed is a federal corporation and a creature of Congress – not an administrative agency under the control of the Executive. Caitlin Tully's piece offers a historically informed way out of the current stalemate over central bank “independence": theatlantic.com/ideas/2025/1…

Historian Sean Irving on the lost ideals of republicanism, republican political thought terrified monarchies, played a major role in ending slavery, and was built around the ideal that citizens must exercise economic as well as political power aeon.co/essays/the-wests-for…

In the new RAH, @NMaggor, Nicolas Barreyre, Rosanne Currarino, @EmmaTeit and I look back at Richard Bensel's monumental Political Economy of American Industrialization after 25 years.

NEW ISSUE OUT NOW Reviews in American History Volume 53, Number 4, December 2025 tinyurl.com/459y3294   CONTRIBUTORS
 Amy J. Rutenberg, Kathryn Olivarius, Judith Giesberg, Carl J. Guarneri, Anthony Harkins, Christopher Agee, Van Gosse, Ariel Ron, Rosanne Currarino, and more

FDR's second bill of rights made its goals for delivering tangle benefits to voters concrete and specific. Saying an abstract noun stands for tangible benefits is a way to avoid stating any actual values or goals or the possibility of any sort of democratic discussion.

Last minute stocking stuffer: retrospective forum on Richard Bensel's Political Economy of American Industrialization w/essays by Rosanne Currarino, @EmmaTeit, Nicolas Barreyre, @NMaggor and me and a reply from Bensel himself. Give your loved ones the gift of political economy!

RT @JasonBJackson: My book “Traders, Speculators and Captains of Industry: How Capitalist Legitimacy Shaped Foreign Investment Policy in In…

Capitalism has arrived! And it needs no modifiers. Can’t wait to dig into this monumental history. Le capitalisme est arrivé ! Et il n’a besoin d’aucun qualificatif. Hâte de plonger dans cette histoire monumentale. @Sven_Beckert @PenguinUKBooks @penguinusa