The thesis applies a political economy approach to the study of how institutions and geography explain the development of a commodity chain. Focusing on the Brazilian Amazon from 1870 to 1910, the analysis develops a new theoretical framework constructed by combining standard trade models with institutions and economic geography. There are two levels of analysis: interactions among and within different nodes of the commodity chain. A quantitative-driven analysis from macroeconomic data supports inferences from microeconomic behavior. The thesis provides new information on rubber prices and exports, trader ledgers, estate accounts, newspapers, traveler accounts, and official documents.

The research develops a demand- and supply-side analysis of the history of rubber, from tappers to manufacturers. It features the main rubber manufacturing countries, Britain and the U.S.A., and shows how competition prevailed along the chain, translating into a struggle for rubber supply. Rubber was not a homogeneous product. Due to a combination of quantity and quality, the Brazilian Amazon possessed significant market power, market power that shaped the rubber chain. In this light, the thesis investigates how the Brazilian rubber supply chain was organized and how agents profited from its monopolistic position. It also shows that taxation increased the regional welfare and allowed the government to support two related activities: telegraphs and shipping.

The thesis proves that violence and coercion were not necessary features of rubber production, as argued by much of the literature. Through a game theoretic approach, the thesis demonstrates conditions under which production could have occurred without exploitation. In a context of high price inelasticity of demand and rising prices, production was driven by market forces. Inelasticity of demand was indeed one of the main features of the rubber boom. It shaped production, bargaining power between different nodes of the chain and competition within them, defining the distribution of profits along the rubber chain.

In 2008 Professor Eric Godelier published a provocative essay in which he concluded that a positive dialogue between business historians and both management scientists and business management practitioners was possible. While the divide between these camps was not trivial, he nevertheless wrote that current events and scholarship was bringing them together, at least as he could observe these trends in the context of emerging French scholarship. In this current review, my own conclusion is the opposite. Management scholarship, in fact, continues to move away from the “soft” approach of the historian and more towards the “rigorous” and quantitatively biased methodology of the management sciences. My essay reviews the background of this development in terms of American business practice and scholarship, as it seeks to demonstrate how the evolution of management training in the United States brought us to the current state of affairs where “hard” drives out soft in almost every encounter. However, while I conclude that this is indeed the current reality, I do not imply any endorsement of this outcome. Rather, I end with a hope that some forms of rapprochement might be possible-yet with an acknowledgement that we will have no definitive answers to this question anytime soon.

This article reinterprets Asian industrialization during the Cold War through the lens of a forgotten commodity: the South Korean wig. Wigs were critical to Asia’s “miraculous” economic growth—a US$1 billion industry in 1970, as well as the number two export in South Korea and number four in Hong Kong at the height of export-oriented industrialization. The article makes a methodological argument, suggesting that we see industrialization differently when we “follow” a commodity transnationally—from the heads of rural South Koreans to the hands of Seoul factory workers to the shoulder bags of Korean American peddlers to the heads of African American women—and when we integrate bottom-up and top-down views of the commodity’s “life.” Only by taking this global perspective can we see how U.S. imperialism shaped the ways people and things moved across borders and oceans and how Cold War commodities were haunted by the lives of the people who touched them.

This article presents an analysis of the operations of the Peruvian Amazon Company through an accounting lens. It is suggested that a focus on asset categories augments our knowledge of the company’s exploitation of the land and Indigenous peoples of Amazonia. In particular, the study explores the PAC’s questionable ownership of estates in the Putumayo, what its approach to valuing those estates implied about enslavement, how its treatment of “expenses of conquest” and the inclusion of armaments on the balance sheet indicated the forced subjugation of labor, and how the classification of rubber collectors and their Barbadian overseers as debtors further suggests the practice of debt peonage. Although the findings affirm the utilization of accounting as a facilitator of subjugation, it is shown that in the hands of humanitarians such as Roger Casement, accounting could also be deployed in the pursuit of emancipation.

During and after World War I, British businessmen made major inroads in political, administrative, and policymaking circles. In so doing, they forged a nexus of power, the business-state, that aligned the interests of big business with the state’s imperial aspirations. Well before the widespread acceptance of the concept of the national economy, there was a common understanding in London that what was good for British business, especially industry, was good for the economic health of the country and empire. The result was that after World War I, the state aggressively helped British commercial interests.

Galambos and Amatori applaud this discourse over entrepreneurship but contend that the multiplier is not a metaphor. They acknowledge Wadhwani’s insightful analyses and look forward to further fruitful discussions focused on innovation, capitalism’s major strength. They briefly argue for scalar evaluations rather than binary evaluations of innovation and the socio-economic problems they inevitably create.

This article examines the Detroit Housewives League (DHL) in the 1930s and 1940s, concentrating on DHL members’ actions as businesswomen. Past narratives have framed the DHL as an extension of the black women’s club movement or as part of the women-driven consumer movements of the 1930s and 1940s, particularly highlighting the organization’s philosophies on black women’s purchasing power. I argue that entrepreneurial DHL women brought prior business knowledge to their organizing and were significant business experts and leaders. By conducting business research, forging community networks, and, significantly, establishing commercial colleges and other forms of business education in the city, DHL members’ work was vital for the black business community as a whole and for women entrepreneurs in particular. In reframing the DHL as an organization established by black entrepreneurial women, I suggest scholars should reevaluate black women’s contributions to other forms of activism in order to recover additional histories of black women’s entrepreneurship and business leadership.

Trust is often the premier concern highlighted in relation to the formation of mercantile business partnerships, the role of culture, family, and religion at the forefront. This is especially the case for expatriate communities. However, the Danish merchants of nineteenth century Newcastle-upon-Tyne, as especially demonstrated in the diaries of one of their number, Richard Steenberg, did not conform to this trend. This article investigates Steenberg and two other leading merchants, the Borries cousins, as well as some of their former employees, who typify trends within a wider body of 126 businessmen. It will show that they strategically chose partners who had complimentary supplies of financial, human, and social capital to improve the position of a shared firm, and these supplies formed the key criteria in forming or entering these businesses. The role of trust is not denied. Rather, this article seeks to direct debate toward the importance of financial, human, and social capital in commercial partnership formation in relation to trust.