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Over 150 years ago, Marx published the first volume of Capital, a systematic and voluminous account of capitalism, from the economic bedrock all the way up to the social and political consequences. The book itself would stand as one of the most influential and decisive texts of all time, proving to be a wildly fruitful foundation for further research into everything it touched, and also becoming a cornerstone text for various political movements that would try and develop the critical analysis into a workable theory of action and social transformation.
Even after its 1867 publication, the text remained a fluid, dynamic object, with a 2nd edition being put out in Marx’s own lifetime and a 3rd and 4th edition being published posthumously under the stewardship of Friedrich Engels. These later editions would be the foundations for the first two translations of the text into English, first by Edward Aveling and Sam Moore in 1887, and then by Ben Fowkes in 1976. Now in 2024, we can add a third version of the text in English.
Translated by Paul Reitter and edited by both Paul Reitter and Paul North, Marx has been given a fresh voice with a new edition of the text that includes a foreword by Wendy Brown and an afterword by William Clare Roberts. The introduction by Paul North helps situate the text in Marx’s larger output, showing how it was the culmination of an early political radicalization that took time to develop into a more systematic critique. Paul Reitter’s preface explains some of the difficulties of translating such a large and complex text, and will help readers appreciate the care Marx chose his words with. Substantial editorial endnotes will help contextualize obscure phrases and terms, helping readers keep up with the massive scope of Marx’s vision as he pulls information, inspiration and ideas from economics, philosophy, literature and history into a cohesive yet dynamic vision of what the ceaseless pursuit of value was doing to our world, and what might be done about it.
For this interview, there are two parts. For the first hour, Paul Reitter and Paul North sat together and discussed the main ideas of the text, the various ways it tries to develop its critical perspective and its continued importance. For the second hour, Paul Reitter stayed to discuss some passages in detail, explaining the various choices made and roads not traveled, and how he tried to bring various aspects of Marx’s voice into English.
Translation is at least as much an art as a science, one that demands hermeneutic sensitivity as much as a knowledge of which words correspond to which. Reitter is a humble practitioner of what is often thankless work and makes no claim to being the final word on how best to translate Marx, but his contribution will absolutely raise the bar and give readers who’ve never read Marx an excellent place to start, and will give those familiar with the text a chance to see it in new light. To borrow a phrase from Marx himself, this new translation is as royal a road to science as we could ask for.
Paul Reitter is a professor of Germanic languages at Ohio State University.
Paul North is the Maurice Natanson professor of Germanic languages and literature at Yale University.
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Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. The Capital Market of Manila and the Pacific Trade, 1668-1838 (Palgrave Macmillan, 2024) offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic history of Pacific trade.
The book explains how trade between Asia and Spanish America across the Pacific, which lasted for 250 years (1571 – 1815) was financed from the city of Manila.The book analyses the political economy and institutional structures of the Manila capital market in the context of the global silver trade, as well as addressing key similarities and differences with European trade routes and differing approaches to colonialism and commerce in Asian waters. It traces how the Manila capital market emerged in a bottom-up process with a redistributive aspect that tied the interests of citizens with the fortunes of trade, using institutions familiar to the public like legacy funds, brotherhoods and lay religious orders to pool liquidity, originate working capital, and internalise the risk of loss at sea. It challenges the notion that there is a normative model for the development of capital markets and introduces an industrial organisation analysis to the broader structure of Early Modern trade in the Spanish Empire. Sitting at the intersection of economic and financial history, global history, imperial history and political economy, this book will be a cutting-edge and valuable resource for a broad range of scholars:
This book is based on the dissertation entitled:
AN ALTERNATIVE MODEL FOR EARLY MODERN LONG-DISTANCE TRADE FINANCE: THE CAPITAL MARKETS OF MANILA, 1680-1838, London School of Economics, University of London, 2023.
Winner of the Coleman Prize, 2024.
Juan Jose Rivas Moreno is currently a Max Weber Fellow at the European University Institute. He has previously held an Economic History Society Fellowship affiliated with University College London (UCL), and was the recipient of a short-term fellowship at the Newberry Library of Chicago to conduct archival research during his PhD.
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This episode focuses on a cluster of issues of longstanding significance in Southeast Asia and in Southeast Asian Studies – plantation agriculture, global commodity chains or supply chains, exploitation of labour and environmental degradation, and resistance. To discuss these issues, we are joined by Dr. Alyssa Paredes, an environmental and economic anthropologist who is an Assistant Professor in the Department of Anthropology at the University of Michigan.
Dr. Paredes received her PhD in Anthropology (with distinction) from Yale University in 2020. Her work has been published in a variety of journals, including Antipode, Ethnos, Gastronomica, and the Journal of Political Ecology. She is a contributor to the edited volume Multispecies Justice and the Feral Atlas website, and she is co-editor of Halo-Halo Ecologies: The Emergent Environments Behind Filipino Food, forthcoming with the University of Hawai’i Press in April 2025. She is currently working on a book manuscript provisionally titled Bananapocalypse: Plantation Capitalism from Philippine Mindanao, which traces the afterlives of externalities in the making and unmaking of an industrial agricultural crop, drawing on approaches from such fields as anthropology, science and technology studies, human geography, and critical food studies.
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Underground Leviathan: Corporate Sovereignty and Mining in the Americas (U Nevada Press, 2024) explores the emergence, dynamics, and lasting impacts of a mining firm, the United States Company. Through its exercise of sovereign power across the borders of North America in the early twentieth century, the transnational US Company shaped the business, environmental, political, and scientific landscape. Between its initial incorporation in Maine in 1906 and its final demise in the 1980s, the mining company held properties in Utah, Colorado, California, Nevada, Alaska, Mexico, and Canada. The firm was a prototypical management-ruled corporation, which strategically planned and manipulated the technological, production, economic, urban, environmental, political, and cultural activities wherever it operated, all while shaping social actors internationally, including managers, engineers, workers, neighbours, and farmers.
In this study, he aims to unearth the hidden relationships between communities that transcend national states. Throughout the book, the author points out how modern corporations are run by a kaleidoscope of interests and groups, and many of the issues they face are relevant today.
Israel García Solares was born and raised in the Xochimilco neighbourhood of Mexico City. I studied for an undergraduate and master's in economics at Mexico's National University (UNAM) and a PhD in History at El Colegio de México. García Solares is currently an Assistant Professor at the Institute for Research in Applied Mathematics and Systems at UNAM, and his research focuses on the global history of technological actors in the 20th century.
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When scholars and policymakers consider how technological advances affect the rise and fall of great powers, they draw on theories that center the moment of innovation—the eureka moment that sparks astonishing technological feats. In Technology and the Rise of Great Powers: How Diffusion Shapes Economic Competition (Princeton UP, 2024), Jeffrey Ding offers a different explanation of how technological revolutions affect competition among great powers. Rather than focusing on which state first introduced major innovations, he investigates why some states were more successful than others at adapting and embracing new technologies at scale. Drawing on historical case studies of past industrial revolutions as well as statistical analysis, Ding develops a theory that emphasizes institutional adaptations oriented around diffusing technological advances throughout the entire economy.
Examining Britain’s rise to preeminence in the First Industrial Revolution, America and Germany’s overtaking of Britain in the Second Industrial Revolution, and Japan’s challenge to America’s technological dominance in the Third Industrial Revolution (also known as the “information revolution”), Ding illuminates the pathway by which these technological revolutions influenced the global distribution of power and explores the generalizability of his theory beyond the given set of great powers. His findings bear directly on current concerns about how emerging technologies such as AI could influence the US-China power balance.
Our guest today is: Jeffrey Ding, an Assistant Professor of Political Science at Georgetown University.
Our host is Eleonora Mattiacci, an Associate Professor of Political Science at Amherst College. She is the author of "Volatile States in International Politics" (Oxford University Press, 2023).
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From the spring of 1942 until the summer of 1944, some 45,000 Jewish men were forced to accompany Hungarian troops to the battle zone of the Soviet Union. Some 80% of the Jewish forced laborers never returned home. They fell prey to battle, starvation, disease, and grinding labor, aggravated immensely by brutality and even outright murder at the hands of the Hungarian soldiers responsible for them.
Conscripted Slaves: Hungarian Jewish Forced Laborers on the Eastern Front During the Second World War (Yad Vashem, 2014) constitutes a unique and invaluable chapter in the mosaic of Holocaust history. The laborers’ personal accounts speak powerfully to every Jewish family that lived under Hungarian rule during the Holocaust years, because it is their own personal story, but it is not one to be kept in the family alone, since it is profoundly relevant to all people.
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When the USSR collapsed in 1991, the world was certain that Communism was dead. Today, three decades later, it is clear that it was not. While Russia may no longer be Communist, Communism and sympathy for Communist ideas have proliferated across the globe.
In To Overthrow the World: The Rise and Fall and Rise of Communism (Basic Books, 2024), Sean McMeekin investigates the evolution of Communism from a seductive ideal of a classless society into the ruling doctrine of tyrannical regimes. Tracing Communism's ascent from theory to practice, McMeekin ranges from Karl Marx's writings to the rise and fall of the USSR under Stalin to Mao's rise to power in China to the acceleration of Communist or Communist-inspired policies around the world in the twenty-first century. McMeekin argues, however, that despite the endurance of Communism, it remains deeply unpopular as a political form. Where it has arisen, it has always arisen by force.
Blending historical narrative with cutting-edge scholarship, To Overthrow the World revolutionizes our understanding of the evolution of Communism--an idea that seemingly cannot die.
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There was nothing inevitable or natural about the rise of US finance capitalism in the early twentieth century.
In Dollars and Dominion: US Bankers and the Making of a Superpower, Mary Bridges shows how US foreign banking began as a side hustle of Gilded Age tycoons and evolved into a more staid, bureaucratized network for bolstering US influence overseas. The early waves of US bankers built a network of international branch banks that relied on the power of the US government, copied the example of British foreign bankers, and built new alliances with local elites.
Overseas bank branches provided sites for experimentation in how to fuse US political will with local innovations and on-the-ground improvisation. In the process, branch bankers constructed a flexible and durable new infrastructure that supported the growth of US power abroad.
Using details from ledger entries and other sources, Bridges shows how these branch bankers divided their local communities into groups of “us” and "them," either as potential clients or local populations. In doing so, they constructed a new architecture of US trade finance that relied on long-standing inequalities and hierarchies of privilege. Thus, ideas developed by wealthy white men became part of the enduring fabric of financial infrastructure. She also shows how bank branches could accommodate these hierarchies to make room for new ideas about serving local markets, in response to financial pressures of the 1920s and after the Great Depression cut off other avenues of growth.
Bridges also tells the story of how US bankers created a market based on a new financial asset enabled by the Federal Reserve System called bankers' acceptance and began to collect vast amounts of foreign credit information.
Related resources:
Bankers and Empire: How Wall Street Colonized the Caribbean by Peter James Hudson
Infrastructure Is Remaking Geopolitics: How Power Flows from the Systems That Connect the World by Mary Bridges
Author recommended reading:
Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control by Sean H. Vanatta
The War Below: Lithium, Copper, and the Global Battle to Power Our Lives by Ernest Scheyder
Hosted by Meghan Cochran
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How a journey through Italy casts light on secrets, stereotypes, and the manipulation of information in eighteenth-century science.
In 1749, the celebrated French physicist Jean-Antoine Nollet set out on a journey through Italy to solve an international controversy over the medical uses of electricity. At the end of his nine-month tour, he published a highly influential account of his philosophical battle with his Italian counterparts, discrediting them as misguided devotees of the marvelous. Paola Bertucci's In the Land of Marvels: Science, Fabricated Realities, and Industrial Espionage in the Age of the Grand Tour (Johns Hopkins UP, 2023) brilliantly reveals the mysteries of Nollet's journey, uncovering a subterranean world of secretive and ambitious intelligence gathering masked as scientific inquiry.
The advent of electricity was a pivotal phenomenon not only in the history of physical experimentation, but also in the cultivation of popular scientific interest. Nollet's journey was supposedly inspired by the need to investigate, and subsequently report on, claims of the use of electrified "medicated tubes" by their Italian inventor Gianfrancesco Pivati. Motivated by economic interests in the silk industry, Nollet's journey was in fact an undercover mission commissioned by the French state to discover the secrets of Italian silk manufacture and possibly supplant its international success. The event that sparked the medical controversy—the unusual cure of a bishop—was a complete fabrication.
Bertucci insightfully contrasts published accounts of the event with private documents and discusses how eighteenth-century scientists published fictional events and results to bolster their careers, ultimately leading to long-lasting misrepresentations of scientific practice and enduring stereotypes. In the Land of Marvels reveals the constellation of historical actors, from reputed physicists to travel writers and electrical amateurs, who manipulated information to gain authority and prestige.
Paola Bertucci (NEW HAVEN, CT) is a professor in the department of history at Yale University. She is the author of the award-winning Artisanal Enlightenment: Science and the Mechanical Arts in Old Regime France.
Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.
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From the eighth to thirteenth centuries along China’s rugged southern periphery, trade in tribute articles and an interregional horse market thrived. These ties dramatically affected imperial China’s relations with the emerging kingdoms in its borderlands. Local chiefs before the tenth century had considered the control of such contacts an important aspect of their political authority. Rulers and high officials at the Chinese court valued commerce in the region, where rare commodities could be obtained and vassal kingdoms showed less belligerence than did northern ones. Trade routes along this Southwest Silk Road traverse the homelands of numerous non-Han peoples.
In The Dong World and Imperial China's Southwest Silk Road: Trade, Security, and State Formation (University of Washington Press, 2024), James A. Anderson investigates the principalities, chiefdoms, and market nodes that emerged and flourished in the network of routes that passed through what James A. Anderson calls the "Dong world," a collection of Tai-speaking polities in upland valleys. The process of state formation that arose through trade coincided with the differentiation of peoples who were later labeled as distinct ethnicities. Exploration of this formative period at the nexus of the Chinese empire, the Dali kingdom, and the Vietnamese kingdom reveals a nuanced picture of the Chinese province of Yunnan and its southern neighbors preceding Mongol efforts to impose a new administrative order in the region. These communities shared a regional identity and a lively history of interaction well before northern occupiers classified its inhabitants as "national minorities" of China.
Huiying Chen is an Assistant Professor in the Department of History at Purdue University.
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In scholarly and popular discourse, popular sovereignty and self-determination are typically conceived of as the antitheses of imperialism, while histories of the emergence of democracy in Western Europe and its settler offshoots ignore the imperial setting of struggles for suffrage expansion and institutional change altogether.
Democracy and Empire: Labor, Nature, and the Reproduction of Capitalism (Cambridge UP, 2023) casts doubt on both of these tendencies. My guest, Ines Valdez, argues that popular sovereignty in the global North contains an affective attachment to wealth that is secured through collective agreements to dominate others, a phenomenon she calls “self-and-other determination.” The book details how social reproduction in the US and Western Europe is enabled by the exploitation of racialized others who sacrifice their families and communities to perform arduous and poorly-paid menial jobs, only to be derided and oppressed by the populations who depend on their labor. It also shows how the political alienation from nature it wealthy countries is mediated by technology and enabled by a joint devaluation of nature and manual labor performed by racialized others. The book concludes with a theorization of anti-imperial popular sovereignty grounded in transnational movements and political relations that encompass nature.
Ines Valdez is Associate Professor of political science at Johns Hopkins University. She is also the author of Transnational Cosmopolitianism: Kant, Dubois, and Justice as a Political Craft (Cambridge, 2019).
Democracy and Empire is available open access here.
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Annette Kehnel joins Jana Byars to talk about The Green Ages: Medieval Innovations in Sustainability (Brandeis University Press, 2024). A fascinating blend of history and ecological economics that uncovers the medieval precedents for modern concepts of sustainable living. In The Green Ages, historian Annette Kehnel explores sustainability initiatives from the Middle Ages, highlighting communities that operated a barter trade system on the Monte Subiaco in Italy, sustainable fishing at Lake Constance, common lands in the United Kingdom, transient grazing among Alpine shepherds in the south of France, and bridges built by crowdfunding in Avignon.
Kehnel takes these medieval examples and applies their practical lessons to the modern world to prove that we can live sustainably--we've done it before! From the garden economy in the mythical-sounding City of Ladies to early microcredit banks, Kehnel uncovers a world at odds with our understanding of the typical medieval existence. Premodern history is full of inspiring examples and concepts ripe for rediscovery, and we urgently need them as today's challenges--finite resources, the twilight of consumerism, and growing inequality--threaten what we have come to think of as a modern way of living sustainably. This is a stimulating and revelatory look at a past that has the power to change our future.
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From the Rockies to the Himalayas, the bond between horses and humans has spanned across time and civilizations. In this archaeological journey, William T. Taylor explores how momentous events in the story of humans and horses helped create the world we live in today. Tracing the horse's origins and spread from the western Eurasian steppes to the invention of horse-drawn transportation and the explosive shift to mounted riding, Taylor offers a revolutionary new account of how horses altered the course of human history.
Drawing on Indigenous perspectives, ancient DNA, and new research from Mongolia to the Great Plains and beyond, Taylor guides readers through the major discoveries that have placed the horse at the origins of globalization, trade, biological exchange, and social inequality. Hoof Beats: How Horses Shaped Human History (U California Press, 2024) transforms our understanding of both horses and humanity's ancient past and asks us to consider what our relationship with horses means for the future of humanity and the world around us.
Sarah Newman is an archaeologist and Assistant Professor of Anthropology at the University of Chicago. Her research explores long-term human-environmental interactions, including questions of waste and reuse, processes of landscape transformation, and relationships between humans and other animals.
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In the aftermath of the First World War the Western great powers sought to redefine international norms according to their liberal vision. They introduced Western-led multilateral organizations to regulate cross-border flows which became pivotal in the making of an interconnected global order.
In contrast to this well-studied transformation, in Against the Liberal Order: The Soviet Union, Turkey, and Statist Internationalism, 1919-1939 (Oxford University Press, 2024), Samuel Hirst considers in detail for the first time the responses of the defeated interwar Soviet Union and early Republican Turkey who challenged this new order with a reactive and distinctly state-led international politics.
As Mustafa Kemal Atatürk took up arms in 1920 to overturn the terms of the Paris settlement, Vladimir Lenin provided military and economic aid as part of a partnership that both sides described as anti-imperialist. Over the course of the next two decades, the Soviet and Turkish states coordinated joint measures to accelerate development in spheres ranging from aviation to linguistics. Most importantly, Soviet engineers and architects helped colleagues in Ankara launch a five-year plan and build massive state-owned factories to produce textiles and replace Western imports. Whilst the Kemalists' cooperation with the Bolsheviks has often been described as pragmatic, this book demonstrates that Moscow and Ankara actually came together in an ideological convergence rooted in anxiety about underdevelopment relative to the West, gradually arriving at statist internationalism as an alternative to Western liberal internationalism.
Drawing on extensive archival research and offering an often-ignored and non-Western perspective on the history of international relations and diplomacy, Against the Liberal Order presents a novel interpretation of the international order of the interwar period that crosses the borders of historical disciplines and contributes to questions of current concern in world politics.
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How the CIA used American unions to undermine workers at home and subvert democracy abroad.
Blue Collar Empire: The Untold Story of U.S. Labor’s Global Anticommunist Crusade (Verso, 2024) tells the shocking story of the AFL-CIO's global anticommunist crusade--and its devastating consequences for workers around the world.
Unions have the power not only to secure pay raises and employee benefits but to bring economies to a screeching halt and overthrow governments. Recognizing this, in the late twentieth century, the US government sought to control labor movements abroad as part of the Cold War contest for worldwide supremacy. In this work, Washington found an enthusiastic partner in the AFL-CIO's anticommunist officials, who, in a shocking betrayal, for decades expended their energies to block revolutionary ideologies and militant class consciousness from taking hold in the workers' movements of Europe, Latin America, Africa, and Asia.
Jeff Schuhrke is a labor historian, journalist, union activist, and assistant professor at the Harry Van Arsdale Jr. School of Labor Studies, SUNY Empire State University in New York City. He is a frequent contributor to In These Times and Jacobin, and his scholarship has been published in Diplomatic History and Labor: Studies in Working-Class History.
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State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kingdom.
Ian Williams, a long-standing reporter on China, has a new argument in Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024).
Rules and agreements mean little. Markets are distorted, statistics fabricated, foreign industrial secrets and technology systematically stolen. Companies and entrepreneurs, at home and abroad, are bullied – often with the collusion of the victims themselves. The Party is in every boardroom and lab, with businesses thriving or dying at its will.
All this is part of realising President Xi Jinping’s ambition of China becoming the world’s pre-eminent economic, technological and military power.
This interview was conducted by Dr. Miranda Melcher whose new 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.
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In Collectivization and Social Engineering: Soviet Administration and the Jews of Uzbekistan, 1917-1939 (Brill, 2015), Zeev Levin seeks to provide a comprehensive picture of government efforts to socialize the Jewish masses in Uzbekistan, a process in which the central Soviet government took part, together with the local, republican and regional administrations and Soviet Jewish activists. This research presents a chapter in the history of the Jews in Uzbekistan, as well as contributing to the study of the socialization process of the Jewish population in the USSR in general. It also contributes to the study of relations among political and government bodies and decision makers. The study is based on archival documents and provides a unique glance at the implementation of Soviet nationalities policy towards Bukharan Jews while comparing it to other national minority groups in Uzbekistan.
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At Home with the Poor: Consumer Behaviour and Material Culture in England, c.1650-1850 (Manchester UP, 2024) by Dr. Joseph Harley opens the doors to the homes of the forgotten poor and traces the goods they owned before, during and after the industrial revolution (c. 1650-1850). Using a vast and diverse range of sources, it gets to the very heart of what it meant to be 'poor' by examining the homes of the impoverished and mapping how numerous household goods became more widespread. As the book argues, poverty did not necessarily equate to owning very little and living in squalor. In fact, its novel findings show that most of the poor strove to improve their domestic spheres and that their demand for goods was so great that it was a driving force of the industrial revolution.
This interview was conducted by Dr. Miranda Melcher whose new 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.
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In The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America (U Chicago Press, 2024), Andrew W. Kahrl uncovers the history of inequitable and predatory tax laws in the United States. He examines the structural traps within America’s tax system that have forced Black Americans to pay more for less despite being taxpayers with fewer resources compared to white taxpayers. Kahrl exposes these practices, From Reconstruction up to the present, Kahrl exposes these practices to describe how discrimination continues to take new forms, even as people continue to fight for their rights, their assets, and their power.
Dr. N’Kosi Oates is a curator. He earned his Ph.D. in Africana Studies at Brown University. Find him on Twitter at DrNKosiOates.
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Who runs Britain? In Born to Rule: The Making and Remaking of the British Elite (Harvard UP, 2024), Aaron Reeves, and Sam Friedman, both Professors of Sociology at the London School of Economics, tell the story of the UK’s ruling class. The book blends a huge range of qualitative and quantitative data, and uses innovative sociological methods, to offer a historically informed understanding of how those at the top of society preserve their status and privileges. Examining inequalities of race and gender, as well as social class, alongside the enduring impact of Britain’s imperial past, Born to Rule is essential reading for anyone interested in Britain’s past, present and future.
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