88 Books Like Empire of Pain

It is a book that deep dives into a historical event, in this case, the 1893 World Columbian Exposition. Check. It is a nonfiction book that reads like a gripping thriller, in this case, the serial killer H.H. Holmes, who built a three-story building featuring secret rooms, torture chambers, and a crematorium. Check. Chicago leaps off the page. By the end of the book, I was able to envision the massive exposition, its hundreds of temporary buildings, all white colored, interlaced with ponds and canals.

Much like that exposition helped raise Chicago up from its Great Fire, so I could see a Chicago of the past, in a glorious triumph of industry and innovation. Oh, and yeah, a serial killer constructing a horrific murder building.

As everyone knows at this point, anything Michael Lewis writes will be enormous fun to read, while being about something really important—something he’ll make you care about even if you didn’t when you started the book.

In this case, the subject is people who bet on the direction of mortgages (and thus, house prices), and how those who bet on a huge plunge were right. This book has an amazing cast of characters, all richly drawn: some are smart, some are not so smart; some are excellent schmoozers, some can barely tolerate human interaction; some care a lot about money, some care more about being right, especially if everyone else is wrong.

Each book I've recommended cries out to be made into a movie. This one actually was.

Because I was a prosecutor on the Enron case, people often ask me what to read about it (or even to explain it to them!). At the time, we used to say that Enron was calculus to every other case’s algebra when it came to corporate financial fraud. Elkind and McLean (McLean had a lot to do with questioning Enron’s narrative before the company’s decline) have done the definitive job of explaining a very hard case in accessible style and detail. The truth is that accounting fraud is a very technical form of corporate fraud, sometimes painfully so. But, as I tell my students, the people who work at companies on these kinds of things are no smarter, and often no older, than my students. They just speak a different language. Don’t let that obfuscate matters. Learn the lingo and follow the money. Smartest Guys allows the general reader to… show more.

Civil lawsuits often get second-billing to criminal cases, but this book about a case of mass environmental contamination in a small town in Massachusetts one has all the traits of a legal thriller: an astonishing injustice, stunning twists and turns, and enormous consequences for all involved.

More than once, I gasped while reading this, and it’s one of the few books I ever re-read. This has since become a major-release movie (starring John Travolta), but the book is even better.

This is a great blow-by-blow primer on how the best investigative journalism is done. As a journalist, I admired the bravery of the author taking on the powerful people who propped up Theranos and its wunderkind founder, Elizabeth Holmes.

It reminds me of why I love the work I do, which is often leads to dead ends because someone doesn’t want you to know the truth. Books like Bad Blood show that it’s important to have investigative journalists who don’t give up the fight and end up saving lives by exposing fraud. 

I found Rappaport’s book to be a really marvelous example of what is now being called “entangled history.” That kind of history picks up one topic and follows it wherever it leads. Because tangible things are easier to trace than intangible things (like ideas or rumors), commodity history is a lively subject, but this is something larger.

Tea has a chemistry to it that people gravitate toward, but there is so much more to the story about why it is so widely consumed in our world today. Once it was a substance grown and sipped in China, but European trading companies also discovered that markets for it could be created. It was famously a commodity deeply entangled in the opium wars, in the new plantation economies of northeastern India and Sri Lanka/Ceylon, and other systems of production.

But Rappaport has so much more to say about the consumption side, too:… show more.

There is a partial myth, eagerly promoted by corporate interests and their lawyers, that federal prosecutors are frighteningly all-powerful and basically cannot be defeated. The veteran financial and legal reporter Eichenwald knows otherwise. The Informant, in contrast to the almost farcical (if enjoyable!) Stephen Soderbergh movie based on the book, lays out a textbook case of how prosecutors can blow an important case due to infighting, problems with unreliable informants, and clever high-priced defense lawyering that exploits every error that less-than-superb prosecutors might make. Here we have a tale of CEO-level officials at major global corporations caught on videotape flagrantly conspiring to violate antitrust laws and, in the end, almost no one ends up in prison. Eichenwald details the countless blunders by many Justice Department lawyers spread across several offices, and the clever maneuvering throughout by crack corporate defenders. He too, by the way, paints a fascinating portrait of… show more.

Partnoy, a distinguished law professor at Berkeley, is a brilliant chronicler of the people and products in modern financial markets. One could read any of his books and say they were among the best ones on the market and corporate chicanery. But I love his first book, in which he tells the tale of his brief time trading derivatives—back in the very early days of those now world-famous products—among the unsavory characters of a Wall Street trading floor. The story has been told by others since (Wolf of Wall Street, Big Short, etc.) but Partnoy may have done it first. And seeing that world through his young, brilliant, and impressionistic eyes is wonderful. His firm tried to block him from publishing the book, but he did it and has gone on to a magnificent academic career in which he continues to tell it like it is, understanding the… show more.

If I were asked to recommend just one book on the history of drugs, this would be it. Courtwright is an expert in the history of drugs in the nineteenth and twentieth-century United States, but in this book, he zooms out—way out—to think about the larger history of humanity’s relationship to mind-altering substances.

At the book's core is Courtwright’s influential concept of a “psychoactive revolution” that influenced the histories of empire, globalization, and science over the past five centuries. I have been deeply influenced by his approach ever since I first read this book in grad school, and I use it often in my teaching. 

I’ve always had a fascination with America’s political capital, Washington, D.C.—the way it brings together some of the most brilliant and bombastic people in the universe, the way it serves as a petri dish of high-minded principles and low-brow appetites, the juxtaposition of glittering surface and seamy underside that made the early seasons of House of Cards so binge-able. In This Town, Mark Leibovich brings D.C. to life in a story that is at once stomach-churning, rage-inducing, and laugh-out-loud funny. If you’ve ever wondered what Washington is really like behind all the flag-waving and politicking, the talking points, and stage lights, this is the book for you.