Howard Davies

Financial Times

The Anxious Triumph: A Global History of Capitalism, 1860–1914


Allen Lane 753pp £30 order from our bookshop

The government’s Research Excellence Framework (REF), which determines the allocation of research funding to British universities, tends to reward microadvances in each field. These usually take the form of articles published in the top peer-reviewed journals, particularly in the USA. This suits some disciplines better than others. When I was director of the London School of Economics, the historians there often complained that long books summarising big themes for a general audience became rarer as a result. They had a point.

Sign Up to our newsletter

Receive free articles, highlights from the archive, news, details of prizes, and much more.

Follow Literary Review on Twitter