Luca Zan, "The Venice Arsenal: Between History, Heritage, and Re-Use" (Routledge, 2022)

04/16/23 • 58 min

New Books in Economic and Business History

The Venice Arsenal: Between History, Heritage, and Re-Use (Routledge, 2022) reviews four decades of debate about restoring an industrial heritage site of inestimable value - the Venice Arsenal. Focusing on the challenges of economic, financial and institutional feasibility, it reveals how failing to address these aspects has undermined potential solutions from both technicians and heritage professionals.

With a deep connection to the city over centuries, the Arsenal was the very basis of La Serenissima's sea power, enabling its economic expansion. Later, it maintained a vital military function through shipbuilding until World War II. But the slow process of abandonment of the traditional site's uses and spaces continues to pose questions regarding its preservation and re-use. Drawing on original research from urban planners, architects and historians, the book provides a critical investigation into the organizational and managerial challenges of this unique site, and crucially, why so little has been achieved compared with potential opportunities.

Featuring numerous color photographs and exploring the particular challenges of restoration and re-use facing the Venice Arsenal, this insightful evaluation of the history of this site provides a uniquely informative case for the discipline of industrial heritage.

Luca Zan, a faculty member at the University of Bologna, teaches and researches in Arts management from different perspectives in Italy, the United States (Carnegie Mellon University, and China (China Academy of Fine Arts). His research has international comparative perspective with fieldwork in China, Turkey, Peru, Ecuador, and Europe. His contributions also include management and accounting in historical perspectives, particularly on the history of the Venice Arsenal.

He has been the author or coauthor of Managerial Rhetoric and Arts Organizations, 2006; The Management of Cultural Heritage in China, 2008; Managing Cultural Heritage, 2016; Heritage Sites in Contemporary China, 2018; The Venice Arsenal. Between History Heritage and Re-use, 2022.

Along side academic activities Zan is actively involved in the management of arts/heritage organizations.

Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other musings. Not always in that order. @BatizLazo

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Along side academic activities Zan is actively involved in the management of arts/heritage organizations.

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Previous Episode

Harold James, "Seven Crashes: The Economic Crises That Shaped Globalization" (Yale UP, 2023)

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization.

James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments.

To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020.

Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments.

Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.

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Next Episode

Charles Read, "Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825" (Palgrave MacMillan, 2023)

Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825 (Palgrave Macmillan, 2023) by Dr. Charles Read exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s.

Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its history—between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard.

Economists and policymakers have asked what can be learnt from Britain’s experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britain’s financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences.

This interview was conducted by Dr. Miranda Melcher whose doctoral work focused 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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