Latest / New Books in Economic and Business History
David Chaffetz, "Raiders, Rulers, and Traders: The Horse and the Rise of Empires" (Norton, 2024)
After reading David Chaffetz’s newest book, you’d think that the horse–not oil–has been humanity’s most important strategic commodity. As David writes in his book Raiders, Rulers and Traders: The Horse and the Rise of Empires (Norton, 2024), societies in Central Asia grew powerful on the backs of strong herds of horses, giving them a military and an economic advantage against their horse-less neighbors. Persia, India and China all burned cash trying to sustain their own herds of horses–-with little success. And it all starts from humble beginnings: Horses domesticated for their milk, too…
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