Attention, Shoppers! American Retail Capitalism and the Origins of the Amazon Economy

By Kathleen Thelen (Princeton University Press, 2025). This book traces the evolution of U.S. retailing from the late 19th century to today, uncovering the roots of a bitter equilibrium where large low-cost retailers dominate and vast numbers of low-income families now rely on them to make ends meet. Thelen reveals how large discount retailers have successfully exploited a uniquely permissive regulatory landscape to create a shopper's paradise built on cheap labor.