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Business History

100 Years of Business History

The Business History Initiative seeks to enable and encourage educators, practitioners and scholars to understand the past in order to better navigate today’s global business world.

Business history has been central to Harvard Business School for a century, beginning with the founding of the Business Historical Society in 1925 and the establishment of the Isidor Straus Professorship in Business History in 1927. Today, the Business History Initiative builds on this legacy by fostering research and teaching that illuminate how historical understanding can help leaders navigate an increasingly complex world. Its affiliated faculty and fellows explore the history of capitalism, innovation, sustainability, emerging markets, public policy, and gender and racial inequality.

Professor Sophus Reinert leads a case discussion in an Executive Education classroom.

Faculty Research

  • Multinationals and the Environment

    2026 | Book Chapter
    By Geoffrey Jones


    This chapter examines the impact of multinationals on the natural environment between the nineteenth century and the present day. It shows that multinationals were one of the most significant contributors to environmental challenges before 1960.

  • Sustainability and Green Business in Latin America

    2025 | Book Chapter
    By Geoffrey Jones

    This chapter argues that since the nineteenth century capitalism has created much wealth, but at the cost of massive ecological destruction, which has been particularly severe in Latin America.

  • Doing Business in Buenos Aires, Argentina

    March 2024 (Revised January 2026) | Case
    By Joseph B. Fuller, Alan D. MacCormack, Nori Gerardo Lietz, Leonard A. Schlesinger, Karina Souza & Zeke Gillman

    This case examines the challenges and opportunities of doing business in Argentina. It highlights Argentina's economic and political transformation in the decades leading up to 2024.

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    Mattias Fibiger, William A. Sahlman Associate Professor of Business Administration

    Professor Fibiger is currently at work on a history of the global dollar system. The book argues that the dollar system evolved as an open-access order which augmented the agency of its participants and which the United States managed with enlightened self-interest. It concludes that the enduring role of the dollar as the world’s key currency reflects the steady accumulation of utility and reliability across periods of stability and crisis.

  • Geoffrey Jones

    Geoffrey Jones, Isidor Straus Professor of Business History

    Professor Jones is currently completing at book which is entitled Underdog Capitalism: A History of Local Business and Resilience in the Global South. The book will provide a comprehensive study of the dynamics of growth of locally-owned business across selected countries of the Global South - Japan, South Korea, China, India, Turkey, Egypt, Nigeria, South Africa, Mexico, Brazil, Colombia and Argentina – from the nineteenth century to the present day.

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    Charlotte Robertson, Assistant Professor, Hellman Faculty Fellow

    Professor Robertson’s first book, Capital Untamed: The Politics of Finance in Nineteenth-Century France, was published in June 2026 and charts a foundational experiment in modern financial statecraft under Napoleon III. Her current project is about European foreign investment and financial diplomacy on the eve of World War I.

  • Marlous van Waijenburg

    Marlous van Waijenburg, Assistant Professor of Business Administration

    Professor van Waijenburg’s current projects include a book on the fiscal role of forced labor in colonial state building and an NSF-funded project on investor behavior, risk management, and business organization in the transatlantic slave trade.

Awards

  • Book cover of The Corporation and the Twentieth Century by Richard H. Langlois

    2022–2024 Alfred and Fay Chandler Book Award

    We are pleased to announce that Richard N. Langlois has won Business History Review's 2022-2024 Alfred and Fay Chandler Book Award for his book, The Corporation and the Twentieth Century: The History of American Business Enterprise. This award is given once every three years to the best book in the field of business history, published in the United States, as determined by a vote of the Editorial Advisory Board of Business History Review.

  • Cover of Business History Review

    Henrietta Larson Award

    Takashi Hirano, Ken Sakai, and Pierre-Yves Donzé have won Business History Review’s Henrietta Larson Award for their article “Housewives and the Growth of the Japanese Electrical Appliance Industry, 1950–1990.” This award is given each year to the authors of the best article published in BHR, as determined by a vote of the Editorial Advisory Board.

Understanding the past in order to better navigate today’s global business world.

A male executives walks in front of the main steps of Baker Library
  • Courses & Teaching Resources

    Since 1927, Harvard Business School has been a pioneer in teaching business history. The Business History Initiative continues this tradition and seeks to facilitate and promote course development in business history globally.

  • Fellowships

    The business history group awards several fellowships and grants.

  • Business History Review

    Founded in 1926, Business History Review is a top-tier refereed journal that publishes scholarly research articles, review essays, book reviews, and research notes.

  • Events

    See our latest and past conferences, seminars, and workshops.

Projects

Our multi-year projects promote the teaching of history, create new resources for future research, and reexamine the evolution of capitalism.

Ghassan E. Nuqul, Chairman, Nuqul Group
Kiran Mazumdar-Shaw, Chairperson and Managing Director, Biocon Limited

Business History Review

Scholarly research articles and book reviews prizing primary research, comparative perspectives, and rigorous historical analysis.

Cover of the Business History Review