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Podcast: New Books in Economic and Business History
Episode: Ellen Hartigan-O'Connor, "America Under the Hammer: Auctions and the Emergence of Market Values" (U Pennsylvania Press, 2024)
Description: As the first book-length study of auctions in early America, America Under the Hammer: Auctions and the Emergence of Market Values (U Pennsylvania Press, 2024) follows this ubiquitous but largely overlooked institution to reveal how, across the eighteenth and early nineteenth centuries, price became an accepted expression of value. From the earliest days of colonial conquest, auctions put Native land and human beings up for bidding alongside material goods, normalizing new economic practices that turned social relations into economic calculations and eventually became recognizable as nineteenth-century American capitalism.Starting in the eighteenth century, neighbors collectively turned speculative value in...