100 Books Like Governing the Market

In a time when industrial policy is no longer taboo, even in the West, I would recommend this book to remember the pivotal role that state policies play in promoting development.

More than being the result of self-made people, crucial innovations like the smartphone result from the research backbone that the state provides.

The book is, therefore, thought-provoking as it debunks myths of state decline during the so-called neoliberal age, although recognises that private firms have acquired excessive power.

While all the books listed earlier provide detailed, in-depth, case studies of public-private sector cooperation in developing selected new technologies, the last two chapters of this book provide necessarily brief coverages of the myriad ways in which this cooperation had been successfully manifested beyond encouraging specific technologies.

Although the book’s main purpose is to show how a series of important technologies have transformed economic, social, and political life over the millennia, the last two chapters show how knowledge of these transformations sheds light on the wider use of public policy to achieve economic goals.

While many public initiatives have succeeded, others have failed. The authors isolate the reasons for these successes and failures and offer their template for designing and administering policies that are more likely to succeed than fail.

This book studies the evolution of seven high-tech industries—machine-tools, organic chemical products, pharmaceuticals, medical devices, computers, semiconductors, and software—in the United States, Japan, and Western Europe, stressing the factors that contributed to their successes.

The effects of public policy, although significant in all these cases, have varied across industries and across countries. For example, the American Department of Defense successfully pushed developments in semiconductors, computers, and software, and while the National Institutes of Health massively financed medical research.

Case studies of policy failures, particularly in Japan and Europe, emphasize what has been seen in many less developed countries, that competition among competing firms is vastly preferable to giving a local monopoly to a chosen national champion.

Sheehy studies twelve scientific discoveries that created the modern view of the physical world, first the electron and finally the Higgs Boson.

She concentrates on the equipment that made each discovery possible and the myriad practical applications that are built on each of them. These range from devices to diagnose illnesses and treat cancer to the internet and to: “All modern electronic devices [all of which] use our understanding of quantum mechanics.

Although these breakthroughs were accomplished in the public sector and mainly to satisfy scientific curiosity, the applications were, to a significant extent, accomplished by the private, for-profit sector.

She observes that “we hear the tale of discovery from the physicists and the tale of innovation and commercial success from the entrepreneurs, but somehow forget about the symbiosis between them.”

My next book is by far the least well-known of my authors, and it’s by far the least well-known book. It’s by my friend and colleague, Samuel Alexander, with whom I’ve co-written a couple of books now, including This Civilisation is Finished.

It’s a splendid read. For philosophers, it’s charming, because Sam is continually bringing in implicitly, and most explicitly, the great philosophers. He’s quoting or talking about Hobbes, Rousseau, Marx, and the rest. His characters sometimes offer lines of one of them to each other. And, in that sense, it’s very much a novel of ideas in the tradition of utopias and dystopias.

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.

Technically—very technically—this is the conclusion of a trilogy, but it’s more three standalone novels that have some things to say to, and about, each other.

The first book, The Iron Dragon’s Daughter, was hugely influential on me as a reader and writer, and on speculative fiction as a field. This one, two decades later, is the most direct about the mutual imbrication, the bidirectional haunting, between our world and theirs.

Swanwick’s Dragon books do indeed feature dragons, except the iron dragons are mechanical, warplanes bonded to their human pilots, in a version of Faerie that has fully integrated vile modernity and knows our souls all too well. 

Brian Merchant is a journalist known for his critical coverage of the tech industry. This is a book about the first Luddite uprising, which took place two hundred years ago in England in response to machines being used to replace human jobs. It’s a captivating read that immerses you in an important moment in history, one that is often neglected or misunderstood.

In our current era, this book makes for crucial reading, as it gives us a historical precedent that helps us understand both the driving forces behind the current threat of automation as well as possibilities for resistance. This book made me ask myself whether the Luddites might have been right, after all.

Uneven Ground is a book about Appalachia, but it is also a story of American economic development and a cautionary tale about the failures of capitalism. Eastern Kentucky lies in the heart of central Appalachia, an area rich in resources but home to some of the nation’s poorest people. Eller knows more about the region’s challenges than anyone and he provides a compelling indictment of development narratives that emphasize industrialization and false promises of “progress.” His book offers hope that out-of-the-box thinking and a new definition of “the good life” can lead to healthy and more equitable communities in the mountains. 

During the 19th century, the scientific instrument industry underwent a transformation. Not only did industrialisation see companies and corporations gradually take the place of individual skilled instrument makers working in their own names, but science took some new, previously unseen, directions. These included disciplines such as electromagnetism, vacuum technology, and spectroscopy, and required new instruments and new skills. This book describes the science and associated instruments in each of fifteen scientific disciplines, with photographs and information about the instruments, background, history, and makers. This is an excellent source of information for historians, collectors, and curators.