“Economica: A global history of women wealth and power” Posts

“Economica: A global history of women, wealth and power” by Victoria Bateman

Economica: A global history of women, wealth and power by Dr. Victoria Bateman charts the course of women’s contribution to their national economy and acknowledges work done as being within and without the house too. Quite contrary to what Adam Smith believed that only paid work outside the home was construed as a contribution to the economy. Whereas Dr Bateman shows through empirical evidence marshalled from as far as the Stone Age to the present, the AI age, that women’s contribution, paid or unpaid was an essential part of the economy. Her book is packed with facts, anecdotes, histories, archaeological evidence, data sets etc. For instance, marriage contracts signed between the 11C and 15C included a clause wherein the woman could state she had the right to work after marriage. There are so many bits and pieces of information to share but the most enlightening was her use of the word “overlooked”. To use it constantly in the context of new evidence that confirmed the value of a woman’s work in the past is very empowering use of a simple word. It gives the reader the opportunity to reflect upon situations that they themselves may have been, where their evidence and work is overlooked whereas they are on the right path. It is new evidence so others cannot see it, recognise it, value it, or understand it. Developing faith in oneself and growing from there is what this book helps to achieve. It is not just a revisiting of inherited economic history narratives.

Humanity’s journey from poverty to prosperity is filled with men who have become household names. But how many female entrepreneurs, merchants and industrialists can you name?

Economica places women at the centre of the story of economic growth. Starting in the Stone Age and continuing to the present day, it takes the reader through the key economic milestones of the past twelve millennia — from the birth of farming to the advent of computing — all told through the experiences of women as well as men.

Historian Victoria Bateman weaves a thrilling, globe-spanning narrative that proves women weren’t ‘missing’ from economic life, they were merely hidden from view. We discover the female workers who helped to build the Great Pyramid of Giza, and to plumb the city of ancient Rome; the silk weavers who made a vital contribution to the development of the Silk Road and global trade; the women who dominated London’s brewing trade during medieval times; and the brave twentieth-century pioneers who fought to make our economies not just richer but fairer.

Dr Bateman is an economic historian, author and historical consultant. Her latest book, Economica: A Global History of Women, Wealth and Power, is the first major economic history of the world to be told from the perspective of female wealth creators.

An extract from the book was published on Moneycontrol. My blog review of the book is here.

Economica was judged as one of the best books on Economics in 2025 by the Financial Times.

I also spoke to her for TOI Bookmark.

Victoria has twenty years of experience teaching macroeconomics and economic history at the Universities of Oxford and Cambridge, including as Director of Studies in Economics at Gonville and Caius College. She is a Fellow of the Royal Historical Society and is currently a visiting academic at Gresham College, London. Victoria has spoken extensively on radio and television, providing historical context for current events, including as resident economic historian for BBC Radio 4’s “Understand: the economy”. In addition to her writing and speaking, Victoria also works as a historical consultant for period dramas on TV and screen. Victoria is passionate about communicating economic history and believes in using our knowledge of the past to inform the present and to build a better future. 

Victoria has been profiled by The Times, has written for the Guardian, The Telegraph and Bloomberg, and has appeared on numerous occasions on the BBC and ITV. Her previous books include the acclaimed Naked Feminism: Breaking the Cult of Female Modesty (2023) and The Sex Factor: How Women Made the West Rich (2019). In her spare time, you can find Victoria enjoying tea and cake after a walk in the countryside.

“Economica: A global history of women, wealth and power” by Victoria Bateman

Economica: A global history of women, wealth and power by Dr. Victoria Bateman charts the course of women’s contribution to their national economy and acknowledges work done as being within and without the house too. Quite contrary to what Adam Smith believed that only paid work outside the home was construed as a contribution to the economy. Whereas Dr Bateman shows through empirical evidence marshalled from as far as the Stone Age to the present, the AI age, that women’s contribution, paid or unpaid was an essential part of the economy. Her book is packed with facts, anecdotes, histories, archaeological evidence, data sets etc. For instance, marriage contracts signed between the 11C and 15C included a clause wherein the woman could state she had the right to work after marriage. There are so many bits and pieces of information to share but the most enlightening was her use of the word “overlooked”. To use it constantly in the context of new evidence that confirmed the value of a woman’s work in the past is very empowering use of a simple word. It gives the reader the opportunity to reflect upon situations that they themselves may have been, where their evidence and work is overlooked whereas they are on the right path. It is new evidence so others cannot see it, recognise it, value it, or understand it. Developing faith in oneself and growing from there is what this book helps to achieve. It is not just a revisiting of inherited economic history narratives.

Here are two snippets from the book:

p. 218-9 Mary Wollstonecraft and morality

Wollstonecraft’s family’s attempts to climb the social ladder framed how she saw the world: through the lens of the section of society that lived a life somewhere between aristocrats and ordinary people. She witnessed the way in which this newly expanding class attempted to distinguish themselves from ordinary people through not only money but also morality. And how, by developing what she called this ‘insipid decency’, they could judge themselves to be ‘better’ than the libertine aristocracy. This middle-class monopoly on morality had particularly implications for women, who were expected to be the virginal angels who set a good example to other women in society. By trumpeting the virtues of female purity, the middle classes wanted to ensure that working-class girls, despite their freedom to earn, would not be able to compete with middle-class daughters when it came to attracting the wealthiest husbands. By shrouding the paid labour of women in moral shame, this purity culture risked devaluing the contribution that countless ordinary women were making to the economy, while turning middle-class women into highly-valued, ‘precious’ commodities. Since work for middle-class women was considered nothing more than a stop-gap and could not be allowed to jeopardise their marriage prospect by causing their marriage prospects by causing their virginity to be treated as suspect, ‘decency’ came at the cost of women’s dependence on men. Indeed, the very ability of the middle classes to claim the moral high ground depended on the fact that preserving a young woman’s bodily modesty – ensuring that she was untouched by men – came at a price not only to her but also to her family, who had to ensure that she was chaperoned at all times, was taught separately to boys, and did not have to work alongside men to support herself financially. It was a cost that better-off families were able to bear, but one that working-class families, be design, found unaffordable. Morality, in other words, cost money. And Wollstonecraft had little time for it. 

Another one from the book:

I had the good fortune of speaking with Dr Bateman for TOI Bookmark. As soon as the link is released, I will upload it here as well.

The book is published by Hachette India.

23 Oct 2025

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