Here are 100 books that Global Capitalism fans have personally recommended if you like
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Economic history is, quite simply, my job: I write about it, I research it, and I’ve been teaching it for ten years at a small liberal arts college in New England. I’ve always felt that the best way to make sense of economic change is not by studying formal laws but by reading what past actors have left behind. Numbers and statistics are indispensable, but they acquire meaning only in relation to ideas and power. In any case, that’s what I take the books on this list to suggest. I think of these books—and others like them—as trusty companions. Perhaps you will, too.
One of my favorite history books of all time. Why did slavery end? This classic masterpiece still has the most compelling explanation: not because our better natures won out but because a sea change in political economy—from mercantilism to industrial capitalism—made slavery obsolete.
In my work as a historian, I still aspire to pull off something resembling Williams’s fearless, elegant, and sobering style of argument.
Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established…
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
Economic history is, quite simply, my job: I write about it, I research it, and I’ve been teaching it for ten years at a small liberal arts college in New England. I’ve always felt that the best way to make sense of economic change is not by studying formal laws but by reading what past actors have left behind. Numbers and statistics are indispensable, but they acquire meaning only in relation to ideas and power. In any case, that’s what I take the books on this list to suggest. I think of these books—and others like them—as trusty companions. Perhaps you will, too.
I turn to this book to remind myself how good economic history should be written: by foregrounding the political stakes and by angling for compelling prose. In Tooze’s telling, when Nazi ideological rage met the grim realities of a global Depression, the result was the lethal gamble to conquer Germany’s way out of isolation.
It’s so instructive to watch Tooze adroitly move between narrative registers—absorbing, emphatic, mordant, even humorous—as he tackles this hair-raising topic. The thorniest subjects—foreign exchange controls and machine tools, forced labor, and racial war—come to life to awesome and awful effect.
"Masterful . . . [A] painstakingly researched, astonishingly erudite study...Tooze has added his name to the roll call of top-class scholars of Nazism." -Financial Times
An extraordinary mythology has grown up around the Third Reich that hovers over political and moral debate even today. Adam Tooze's controversial book challenges the conventional economic interpretations of that period to explore how Hitler's surprisingly prescient vision--ultimately hindered by Germany's limited resources and his own racial ideology--was to create a German super-state to dominate Europe and compete with what he saw as America's overwhelming power in a soon-to- be globalized world. The Wages of…
I am a historian by training and have spent my career of nearly forty years studying human violence, and economic change and development. This has brought me to many dark places, to the human capacity to destroy. But all this work has also brought me to the study of those who resisted, all the people who envisioned different ways of being in the world, different futures. I have written many books on these topics. My latest, The Killing Age, is in many respects the summation of work I have been doing since the early 1980s.
I loved reading from an old-school radical who cuts to the chase.
Davis was one of the first people to really look into climate change and its relationship to economics and human suffering.
While it is a tough read, I really liked how one almost felt being back in the nineteenth century, a time of extraordinary change with the rise of industrial capitalism.
Examining a series of El Nino-induced droughts and the famines that they spawned around the globe in the last third of the 19th century, Mike Davis discloses the intimate, baleful relationship between imperial arrogance and natural incident that combined to produce some of the worst tragedies in human history. Late Victorian Holocausts focuses on three zones of drought and subsequent famine: India, Northern China; and Northeastern Brazil. All were affected by the same global climatic factors that caused massive crop failures, and all experienced brutal famines that decimated local populations. But the effects of drought were magnified in each case…
A Duke with rigid opinions, a Lady whose beliefs conflict with his, a long disputed parcel of land, a conniving neighbour, a desperate collaboration, a failure of trust, a love found despite it all.
Alexander Cavendish, Duke of Ravensworth, returned from war to find that his father and brother had…
Economic history is, quite simply, my job: I write about it, I research it, and I’ve been teaching it for ten years at a small liberal arts college in New England. I’ve always felt that the best way to make sense of economic change is not by studying formal laws but by reading what past actors have left behind. Numbers and statistics are indispensable, but they acquire meaning only in relation to ideas and power. In any case, that’s what I take the books on this list to suggest. I think of these books—and others like them—as trusty companions. Perhaps you will, too.
Pithy and compelling, this is perhaps the single best primer on the economic rise of East Asia.
Studwell pinpoints three recipes that allowed Japan, Taiwan, South Korea, and China to escape poverty and become export powerhouses: first, industrial policy; second, government oversight over lending and capital flows (sometimes called “financial repression”); and third—something few before him have grasped—egalitarian land reforms that broke up large estates and gave small plots to the many.
Discussions of economic development are often charged with ideology-free markets or government. As this book nonchalantly reveals, that’s a false opposition. In Studwell’s telling, development happens when governments get creative with markets: forge them, shape them, unleash them, and rein them in. A bracing lesson for today’s debates.
Until the catastrophic economic crisis of the late 1990s, East Asia was perceived as a monolithic success story. But heady economic growth rates masked the most divided continent in the world - one half the most extraordinary developmental success story ever seen, the other half a paper tiger.
Joe Studwell explores how policies ridiculed by economists created titans in Japan, Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in South-East Asia down the economic river. The first book to offer an Asia-wide deconstruction of success and…
I am a retired professor of philosophy, but my academic training was in modern languages. I am also an active jazz saxophonist. My dissatisfaction with many established approaches to literature led me to look at literary theory, which then made me focus on philosophy. Academic philosophy, though, seemed to me too often to concentrate on questions about theorising knowledge that neglected questions about how we actually make sense of the world. This led me to reassess the importance of art, particularly music, for philosophy. My chosen books suggest alternative ways of looking at the concerns of philosophy at a time when humankind’s relationship to nature is clearly in deep crisis.
I like books that change the very ways in which I see and understand the world.
Polanyi’s The Great Transformation from the end of WW2 made it much clearer to me how a world which regularly finds technological solutions to humankind’s problems could also descend into barbarism. Modern capitalism’s subordinating the functioning of society to the demands of the market changes the status of nature itself in ways that I am increasingly aware of, as the ecological crisis threatens the very survival of humankind.
The book appeals to me not least because of the ways in which it draws important philosophical conclusions from a detailed historical narrative rather than just stating theoretical positions.
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.
I have been studying, writing, and teaching economic history for nearly four decades. I was drawn to the field because it let me combine my passion for understanding how the past and present are connected with my fascination with the insights derived from the natural sciences. When I started studying economic history, the discipline was still relatively new, having grown out of pioneering research in the 1950s and 1960s by a small band of innovative scholars. During my career, I have met many of these intellectual giants personally, and I have watched the discipline of economic history mature and grow in both its methods and intellectual scope.
The British Industrial Revolution is the single most important event in shaping the modern world. Since 1800 the standard of living in Western Industrial nations has increased nearly 40-fold, and in the last half-century, this prosperity has spread more widely. Writing in an engaging style, Clark offers a unique and provocative account of these changes and their causes.
Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution - and the unprecedented economic growth that came with it - occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich - and why did it make large parts of the world even poorer? In "A Farewell to Alms", Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture - not exploitation, geography, or resources - explains the wealth, and the poverty, of…
The Duke's Christmas Redemption
by
Arietta Richmond,
A Duke who has rejected love, a Lady who dreams of a love match, an arranged marriage, a house full of secrets, a most unneighborly neighbor, a plot to destroy reputations, an unexpected love that redeems it all.
Lady Charlotte Wyndham, given in an arranged marriage to a man she…
I grew up in Brooklyn in a family that often faced financial difficulties and started working in my early teens in my father’s grocery store. These experiences made me painfully aware of the great disparities in education, security, material well-being, and opportunity in our society. I saw how these inequalities caused some people to become cynical, resigned, or indifferent—while others became determined to overcome them. I became fascinated by them. I felt that if I wanted to live in a more just and productive society, I first had to understand how it worked. My recommended books inspired me further and helped me to gain that understanding.
This is the first of four book recommendations that may not be as inspirational as The Grapes of Wrath, but which make up for that by providing real-world information that can be useful to people trying to improve our world. This book shows how fresh thinking about economics can help solve some of the world’s most intractable problems. Innovative research, careful observation, and plain common sense enable these two Nobel Prize-winning MIT economists to upend a lot of conventional wisdom and develop interesting and compelling policy proposals, which they discuss in a particularly accessible way.
The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day.
Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it.
Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to…
One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.
In ReOrient, A.G. Frank argues that this current situation in which the West is at the center of the world is a mere blip in terms of global history. Historically Asia was always the richer part of the globe and once again, in the near future, Asia will be the richest part of the globe again.
Andre Gunder Frank asks us to re-orient our views away from Eurocentrism - to see the rise of the West as a mere blip in what was, and is again becoming, an Asia-centered world. In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. European states, he says, used the silver…
I have been trying to understand India’s evolution especially its economic path for the last half-century— by reading, traveling, and writing on aspects of that evolution. Originally this started with the Cold War concern about how a democracy would navigate using a democratic political system. So I took appropriate courses in college and graduate school, worked in India in the Peace Corps, and then spent a little under a decade teaching about it a doing research. For the following five decades I have continued my interest and publishing and studying. Whether I have understood much is for others to determine but these are my five book nominees.
A summary of the dramatic economic transformation of India since 1991 by one of its key economic policymakers. Though abstracting from some of the debate about details, this is a readable presentation especially from the point of view of policymakers. What all of this meant for the general public can be seen in the next volume. Both but especially this volume are one of competing accounts of how it happened. Success has many fathers.
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy?
With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
This book follows the journey of a writer in search of wisdom as he narrates encounters with 12 distinguished American men over 80, including Paul Volcker, the former head of the Federal Reserve, and Denton Cooley, the world’s most famous heart surgeon.
In these and other intimate conversations, the book…
I am a professor of history at Western University in London, Ontario, Canada. I have written about the history of international organizations, international trade, the British Commonwealth, and Canada in the world. Although these topics have taken me in different directions, I have always examined the political currents that run through them. Politics emerge in relation to ideology, policymaking, leadership, norms, values, interests, identity, international relations, and global governance. I have been especially interested in connecting economics and politics. Many scholars write about trade policies, organizations, and negotiations as though they are technical and narrowly economic when they are agents, instruments, and expressions of international politics.
This book shows how trade has long connected people and societies all over the world, from miners in Potosi, to coffee growers in Yemen, and traders and shippers from Fujian.
Topik and Pomeranz reject a Eurocentric approach to the history of international trade and they put real people back into the story. The engaging vignettes in this collection are not primarily about politics, but they make clear why trade is political and polarizing.
The workings of international trade powerfully affected people’s lives, for better and for worse, and so people reacted strongly to trade, as committed champions and tireless opponents.
The World That Trade Created brings to life the history of trade and its actors. In a series of brief, highly readable vignettes, filled with insights and amazing facts about things we tend to take for granted, the authors uncover the deep historical roots of economic globalization.
Covering over seven hundred years of history, this book, now in its fourth edition, takes the reader around the world from the history of the opium trade to pirates, to the building of corporations and migration to the New World. The chapters are grouped thematically, each featuring an introductory essay designed to synthesize…
