A Five Books Best Economics Book of the Year A Politico Great Weekend Read “Absolutely compelling.” —Diane Coyle “The evolution of modern management is usually associated with good old-fashioned intelligence and ingenuity...But capitalism is not just about the free market; it was also built on the backs of slaves.” —Forbes The story of modern management generally looks to the factories of England and New England for its genesis. But after scouring through old accounting books, Caitlin Rosenthal discovered that Southern planter-capitalists practiced an early form of scientific management. They took meticulous notes, carefully recording daily profits and productivity, and subjected their slaves to experiments and incentive strategies comprised of rewards and brutal punishment. Challenging the traditional depiction of slavery as a barrier to innovation, Accounting for Slavery shows how elite planters turned their power over enslaved people into a productivity advantage. The result is a groundbreaking investigation of business practices in Southern and West Indian plantations and an essential contribution to our understanding of slavery’s relationship with capitalism. “Slavery in the United States was a business. A morally reprehensible—and very profitable business...Rosenthal argues that slaveholders...were using advanced management and accounting techniques long before their northern counterparts. Techniques that are still used by businesses today.” —Marketplace “Rosenthal pored over hundreds of account books from U.S. and West Indian plantations...She found that their owners employed advanced accounting and management tools, including depreciation and standardized efficiency metrics.” —Harvard Business Review

First published three decades ago, Northern Enterprise: Five Centuries of Canadian Business remains the only comprehensive history of business in Canada, beginning with the earliest European fishermen of the late fifteenth century and concluding with the dawn of the era of free trade in the 1980s.

Written by historians at Harvard Business School, Mississippi State U., and St. Cloud State U. (Minn.), this history details the development and day- to-day affairs of this powerful business, and the careers of the main figures instrumental in its operation. This definitive work, first published by

This wide-ranging, original account of the politics and economics of the giant military supply project in the North reconstructs an important but little-known part of Civil War history. Drawing on new and extensive research in army and business archives, Mark R. Wilson offers a fresh view of the wartime North and the ways in which its economy worked when the Lincoln administration, with unprecedented military effort, moved to suppress the rebellion. This task of equipping and sustaining Union forces fell to career army procurement officers. Largely free from political partisanship or any formal free-market ideology, they created a mixed military economy with a complex contracting system that they pieced together to meet the experience of civil war. Wilson argues that the North owed its victory to these professional military men and their finely tuned relationships with contractors, public officials, and war workers. Wilson also examines the obstacles military bureaucrats faced, many of which illuminated basic problems of modern political economy: the balance between efficiency and equity, the promotion of competition, and the protection of workers' welfare. The struggle over these problems determined the flow of hundreds of millions of dollars; it also redirected American political and economic development by forcing citizens to grapple with difficult questions about the proper relationships among government, business, and labor. Students of the American Civil War will welcome this fresh study of military-industrial production and procurement on the home front—long an obscure topic.

Black Market Business is a grassroots social history of the clandestine market for sex in colonial Tonkin. Lively and well told, it explores the ways in which sex workers, managers, and clients evaded the colonial regulation system in the turbulent economy of the interwar years. Christina Elizabeth Firpo argues that the confluence of economic, demographic, and cultural changes sweeping late colonial Tonkin created spaces of tension in which the interwar black market sex industry thrived. The clandestine sex industry flourished in sites of legal inconsistency, cultural changes, economic disparity, rural-urban division, and demographic shifts. As a nexus of the many tensions besetting late colonial Tonkin, the black market sex industry serves as a useful lens through which to examine these tensions and the ways they affected marginalized populations. More specifically, an investigation of this black market shows how a particular population of impoverished women—a group regrettably understudied by historians—experienced the tensions. Drawing on an astonishingly diverse and multilingual source base, Black Market Business includes detailed cases of juvenile prostitution, human trafficking, and debt bondage arrangements in sex work, as well as cases in Tonkin's bars, hotels, singing houses, and dance clubs. Using GIS technology and big data sets to track individual actors in history, it serves as a model for teaching new methodological approaches to conducting social histories of women and marginalized people.

The field of business history has changed and grown dramatically over the last few years. There is less interest in the traditional `company-centred' approach and more concern about the wider business context. With the growth of multi-national corporations in the 1980s, international and inter-firm comparisons have gained in importance. In addition, there has been a move towards improving links with mainstream economic, financial and social history through techniques and outlook. The International Bibliography of Business History brings all of the strands together and provides the user with a comprehensive guide to the literature in the field. The Bibliography is a unique volume which covers the depth and breadth of research in business history. This exhaustive volume has been compiled by a team of subject specialists from around the world under the editorship of three prestigious business historians.