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Book cover of The Economy of Obligation: The Culture of Credit and Social Relations in Early Modern England

Henry C. Clark Author Of Compass of Society: Commerce and Absolutism in Old-Regime France

From my list on understanding where “capitalism” came from.

Why am I passionate about this?

I have long found it mysterious how we can live in what is truly one interconnected global order. Traders, merchants, deal-makers have long been viewed with suspicion. I wrote Compass of Society to explore how one country, France, with its tradition of land-based elites, could contemplate remaking itself as a “commercial society.” Adam Smith said that even in his time, everyone “becomes in some measure a merchant, and the society itself... a commercial society.” Revisionists are finding high levels of commercialization even in premodern China and India. In this list, I picked five of my favorite books that reshaped our understanding of where European “capitalism” came from.

Henry's book list on understanding where “capitalism” came from

Henry C. Clark Why Henry loves this book

By the sixteenth century, the desire for exchange had only grown, but the money available for it had not kept pace. In this classic study, the English historian Craig Muldrew uses sources such as probate inventories and borough courts to show how resourceful people at all income and wealth levels were at pursuing their deals—for labor, services, or goods of all kinds. People, it turns out, coped largely with a lick and a promise. Debt, sometimes formal but often based on oral reckoning, was far more central to daily transactions than we might imagine. And even the humblest people could use the court system resourcefully to advance their interests.

By Craig Muldrew ,

Why should I read it?

1 author picked The Economy of Obligation as one of their favorite books, and they share why you should read it.

What is this book about?

This book is an excellent work of scholarship. It seeks to redefine the early modern English economy by rejecting the concept of capitalism, and instead explores the cultural meaning of credit, resulting from the way in which it was economically structured. It is a major argument of the book that money was used only in a limited number of exchanges, and that credit in terms of household reputation, was a 'cultural currency' of trust used to transact most business. As the market expanded in the late-sixteenth century such trust became harder to maintain, leading to an explosion of debt litigation,…


If you love The Commercialisation of English Society 1000-1500...

Book cover of These Blue Mountains

These Blue Mountains by Sarah Loudin Thomas,

A moving story of love, betrayal, and the enduring power of hope in the face of darkness.

German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…

Book cover of The Moral Economy: Poverty, Credit, and Trust in Early Modern Europe

Henry C. Clark Author Of Compass of Society: Commerce and Absolutism in Old-Regime France

From my list on understanding where “capitalism” came from.

Why am I passionate about this?

I have long found it mysterious how we can live in what is truly one interconnected global order. Traders, merchants, deal-makers have long been viewed with suspicion. I wrote Compass of Society to explore how one country, France, with its tradition of land-based elites, could contemplate remaking itself as a “commercial society.” Adam Smith said that even in his time, everyone “becomes in some measure a merchant, and the society itself... a commercial society.” Revisionists are finding high levels of commercialization even in premodern China and India. In this list, I picked five of my favorite books that reshaped our understanding of where European “capitalism” came from.

Henry's book list on understanding where “capitalism” came from

Henry C. Clark Why Henry loves this book

This major synthesis broadens the canvas to Europe as a whole, especially Western and Northwest Europe. On the continent, peasant culture was more prominent than in England, and the French historian Fontaine—who has also written ground-breaking studies of peddling and the second-hand trade—shows vividly how resilient, enterprising, even manipulative ordinary Europeans in village and mountain could be in maneuvering their way through economic life. “In early modern Europe,” she writes at one point, “everyone was more or less a merchant”—which, of course, is exactly what Adam Smith had said.

By Laurence Fontaine ,

Why should I read it?

1 author picked The Moral Economy as one of their favorite books, and they share why you should read it.

What is this book about?

The Moral Economy examines the nexus of poverty, credit, and trust in early modern Europe. It starts with an examination of poverty, the need for credit, and the lending practices of different social groups. It then reconstructs the battles between the Churches and the State around the ban on usury, and analyzes the institutions created to eradicate usury and the informal petty financial economy that developed as a result. Laurence Fontaine unpacks the values that structured these lending practices, namely, the two competing cultures of credit that coexisted, fought, and sometimes merged: the vibrant aristocratic culture and the capitalistic merchant…


Book cover of Artisans in Europe, 1300-1914

Henry C. Clark Author Of Compass of Society: Commerce and Absolutism in Old-Regime France

From my list on understanding where “capitalism” came from.

Why am I passionate about this?

I have long found it mysterious how we can live in what is truly one interconnected global order. Traders, merchants, deal-makers have long been viewed with suspicion. I wrote Compass of Society to explore how one country, France, with its tradition of land-based elites, could contemplate remaking itself as a “commercial society.” Adam Smith said that even in his time, everyone “becomes in some measure a merchant, and the society itself... a commercial society.” Revisionists are finding high levels of commercialization even in premodern China and India. In this list, I picked five of my favorite books that reshaped our understanding of where European “capitalism” came from.

Henry's book list on understanding where “capitalism” came from

Henry C. Clark Why Henry loves this book

Though sometimes described as a “textbook,” this authoritative, lucidly written, and altogether reliable synthesis—covering much of Europe—is actually a fine way to learn about the guild masters who dominated pre-industrial labor. Their paradoxical condition comes through clearly: employers and employees, they were at once seamlessly integrated into the social hierarchy and ruthlessly exclusionary toward outsiders. They touted a timeless, divinely sanctioned order, while also being true wheelers and dealers for their own honor and interests, leading to levels of entrepreneurship and inequality amongst their own ranks that would surprise many.

By James R. Farr ,

Why should I read it?

1 author picked Artisans in Europe, 1300-1914 as one of their favorite books, and they share why you should read it.

What is this book about?

This book is a survey of the history of work in general and of European urban artisans in particular, from the late middle ages to the era of industrialization. Unlike traditional histories of work and craftsmen, this book offers a multi-faceted understanding of artisan experience situated in the artisans' culture. It treats economic and institutional topics, but also devotes considerable attention to the changing ideologies of work, the role of government regulation in the world of work, the social history of craftspeople, the artisan in rebellion against the various authorities in his world, and the ceremonial and leisure life of…


If you love Richard H. Britnell...

Book cover of Glimmer of the Other

Glimmer of the Other by Heather G. Harris,

Delve into this internationally best-selling series, now complete! A fast paced laugh-out-loud mix of Urban Fantasy and Mystery.

I can tell when you’re lying. Every. Single. Time. I’m Jinx, a PI hired to find a missing university student, I hope to find her propped up at a bar–yet my gut…

Book cover of Liberty's Dawn: A People's History of the Industrial Revolution

Henry C. Clark Author Of Compass of Society: Commerce and Absolutism in Old-Regime France

From my list on understanding where “capitalism” came from.

Why am I passionate about this?

I have long found it mysterious how we can live in what is truly one interconnected global order. Traders, merchants, deal-makers have long been viewed with suspicion. I wrote Compass of Society to explore how one country, France, with its tradition of land-based elites, could contemplate remaking itself as a “commercial society.” Adam Smith said that even in his time, everyone “becomes in some measure a merchant, and the society itself... a commercial society.” Revisionists are finding high levels of commercialization even in premodern China and India. In this list, I picked five of my favorite books that reshaped our understanding of where European “capitalism” came from.

Henry's book list on understanding where “capitalism” came from

Henry C. Clark Why Henry loves this book

At one point in her excellent study, the author writes, “Generations of historians have painted the industrial revolution in relentlessly dark colours: a force which was wholly destructive for the poor, remorseless, unforgiving in its grinding down of the independent labourer of old. This, clearly, is not the assessment of those who lived through it.” The basis of her claim is a survey of over three hundred autobiographies written by English laborers of the time. Though she expected her readers to be surprised, since workers are famously supposed to be the leading rebels against the onset of “capitalism,” those who have read the other titles on my list will be less surprised. Their messy and eclectic array of passions and interests will seem altogether familiar.

By Emma Griffin ,

Why should I read it?

1 author picked Liberty's Dawn as one of their favorite books, and they share why you should read it.

What is this book about?

This remarkable book looks at hundreds of autobiographies penned between 1760 and 1900 to offer an intimate firsthand account of how the Industrial Revolution was experienced by the working class. The Industrial Revolution brought not simply misery and poverty. On the contrary, Griffin shows how it raised incomes, improved literacy, and offered exciting opportunities for political action. For many, this was a period of new, and much valued, sexual and cultural freedom. This rich personal account focuses on the social impact of the Industrial Revolution, rather than its economic and political histories. In the tradition of best-selling books by Liza…


Book cover of How the West Came to Rule: The Geopolitical Origins of Capitalism

Eric Sheppard Author Of Limits to Globalization: Disruptive Geographies of Capitalist Development

From my list on understanding how Europe (and the USA) became prosperous.

Why am I passionate about this?

I became fascinated with geography as a teenager and spent my life studying it. I always wanted to understand how we transform our planet, for better or worse. Part of this is understanding what happens in particular localities, which I have been able to look at closely by visiting places across all continents (except Antarctica). Part of it is understanding how the complex relations between human society and everything else shape global futures. My long-standing passion, however, has been understanding how what happens in one locality is shaped by its evolving connections with the rest of the world. These books pushed me to see the world differently through these connections.

Eric's book list on understanding how Europe (and the USA) became prosperous

Eric Sheppard Why Eric loves this book

I found this book so interesting because it documents how European prosperity was also shaped by deep historical ties with Asia. Digging through a huge trove of historical archives, the authors document how Genghis Khan and the Mongol Empire brought capitalist practices to Europe in the 13th century.

It’s not an easy read, but I found that careful study pays off because it offers such an original perspective on Europe’s success. I liked how their evidence buttresses Blaut’s more speculative critique of Eurocentrism, also extending it by showing that Asian initiative shaped European success—it was not just colonialism and slavery.

By Alexander Anievas , Kerem Nisancioglu ,

Why should I read it?

1 author picked How the West Came to Rule as one of their favorite books, and they share why you should read it.

What is this book about?

*Winner of International Studies Association (ISA)'s International Political Sociology Best Book Prize for 2017*

*Winner of British International Studies Association (BISA)'s International Political Economy Working Group Book Prize of 2016*

*Shortlisted for the ISA Book Prize*

Mainstream historical accounts of the development of capitalism describe a process which is fundamentally European - a system that was born in the mills and factories of England or under the guillotines of the French Revolution. In this groundbreaking book, a very different story is told.

How the West Came to Rule offers a interdisciplinary and international historical account of…


Book cover of The Passions and the Interests: Political Arguments for Capitalism Before Its Triumph

William Caferro Author Of Petrarch's War: Florence and the Black Death in Context

From my list on economic history and testing assumptions.

Why am I passionate about this?

I began this veil as a mathematics major and a first generation college student. It was not easy and I had no great plans or ambitions. I was good at math. But as I read books like these, and many others, I changed my horizons altogether, saw a place for myself and a purpose previously lacking. Economic History resembles my first love of math, but with persons and human behavior included. The latter is endlessly fascinating, as is the tendency of “experts” to misread and make broad assumptions that I, ever skeptical, wish to test where I can. I like being engaged intellectually for its own sake, and, from books like Tristram Shandy, have always endeavored to take my work seriously, but not myself as a human being.

William's book list on economic history and testing assumptions

William Caferro Why William loves this book

The book is, like the others I have recommended, decidedly distinctive and untraditional. It traces the convoluted history of capitalist thought prior to its advent (which is itself the subject of ceaseless debate). Reducing forces to “passion” and “order” made me look at a complicated subject in a new way.

By Albert O. Hirschman ,

Why should I read it?

1 author picked The Passions and the Interests as one of their favorite books, and they share why you should read it.

What is this book about?

In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism…


If you love The Commercialisation of English Society 1000-1500...

Book cover of Tsunami

Tsunami by LeeAnn Pickrell,

On the morning of December 26, 2004, an undersea earthquake struck off the coast of Sumatra in the Indian Ocean. The resulting tsunami killed an estimated 230,000 people across fourteen countries, from Indonesia to Sri Lanka to Thailand to the Maldives to India and all the way to East Africa.…

Book cover of Freaks of Fortune: The Emerging World of Capitalism and Risk in America

Timothy Alborn Author Of Misers: British Responses to Extreme Saving, 1700-1860

From my list on the strangeness of money.

Why am I passionate about this?

I’ve been fascinated by money since I was a graduate student when I had even less of it than I do today (as a British historian in the CUNY system). We all carry it in our wallets and have more or less of it in the bank, but it’s also in the air we breathe, suffusing the books we read and the decisions we make. So when I started researching and writing about the British past, money and its associated institutions seemed like an obvious place to start looking. It has yet to let me down, enabling me to discover new things to say about politics, literature, and society.

Timothy's book list on the strangeness of money

Timothy Alborn Why Timothy loves this book

Although this book is ostensibly about risk, none of Levy’s fascinating case studies stray far from money. Indeed, one of his central claims is that modern capitalism transforms risk into a financial calculation, whereby money’s fluid nature can be employed to divert uncertainty in different directions. Although the goal in such transactions is always to contain risk, the reality (as brilliantly recounted by Levy) is far less certain.

I read this book immediately after writing about the history of British life insurance, and most of these cases (about insuring slave ships, African-American savings, farm mortgages, and the stock market, among others) reinforced the lessons I had learned about the Quixotic and hubristic nature of risk management. The upshot of the book is that, over the course of America’s long nineteenth century, the rich got richer, and the poor got empty promises. Its brilliance lies in the relish with which Levy…

By Jonathan Levy ,

Why should I read it?

1 author picked Freaks of Fortune as one of their favorite books, and they share why you should read it.

What is this book about?

Until the early nineteenth century, "risk" was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future.

Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions-insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets-while posing inescapable moral questions. For at…


Book cover of The Stages of Economic Growth: A Non-Communist Manifesto

Liah Greenfeld Author Of The Spirit of Capitalism: Nationalism and Economic Growth

From my list on the relationship between capitalism and nationalism.

Why am I passionate about this?

The Spirit of Capitalism: Nationalism and Economic Growth is the second volume of my nationalism trilogy. When I published the first volume, Nationalism: Five Roads to Modernity, the accepted view on the subject of nationalism was that it is a product of economic development, specifically, of industrialization and capitalism. On the basis of historical evidence, I proved that its emergence had nothing to do with these economic phenomena: in fact, it preceded both. Reviews of Nationalism, noting that, for this reason, economic developments could not have caused nationalism, raised the question what relationship, then, did exist between nationalism and the economy, and this led me to investigate it. 

Liah's book list on the relationship between capitalism and nationalism

Liah Greenfeld Why Liah loves this book

This book, originally published in 1960, is the classical statement of the still dominant position in economic history, which assumes that economic growth is natural and which I have proven wrong.

I recommend it to anyone interested in the current (unchanging for decades) state of the discipline as an essential model of what I was arguing against.

By W W Rostow ,

Why should I read it?

1 author picked The Stages of Economic Growth as one of their favorite books, and they share why you should read it.

What is this book about?

2017 Reprint of 1960 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. In the text Professor Rostow gives an account of economic growth based on a dynamic theory of production and interpreted in terms of actual societies. Five basic stages of economic growth are distinguished with detailed discussions of each stage including illustrative examples. Rostow also applies the concept of stages of growth to an examination of the problems of military aggression and the nuclear arms race. The final chapter includes a comparison of his non-communist manifesto with Marxist theory. Remains a classic text…


Book cover of American Empire: A Global History

Marc-William Palen Author Of The 'Conspiracy' of Free Trade: The Anglo-American Struggle over Empire and Economic Globalisation, 1846-1896

From my list on late-19th-century American capitalism and empire.

Why am I passionate about this?

I am a historian based in England, raised in Texas. While undertaking a summertime spoken Latin course at the Vatican in 2001 I found myself in the midst of Italian protests against that year’s G8 summit in Genoa. The strength of the anti-globalization movement, and the violent response from the Carabinieri, sparked an early interest in the historical controversies surrounding globalization and US foreign policy. Ten years later, I had a PhD in History from the University of Texas at Austin and the first draft of what would become my book, The “Conspiracy” of Free Trade

Marc-William's book list on late-19th-century American capitalism and empire

Marc-William Palen Why Marc-William loves this book

American Empire is a magisterial book from one of the founders of the field of global history—and the person most responsible for starting me on my career path as a historian.

This doorstopper of a book by one of the preeminent historians of our age will take you on a globe-trotting journey of the American Empire. The growth of Gilded Age capitalism plays an important part within it, as do the rival European powers.

By A. G. Hopkins ,

Why should I read it?

1 author picked American Empire as one of their favorite books, and they share why you should read it.

What is this book about?

A new history of the United States that turns American exceptionalism on its head American Empire is a panoramic work of scholarship that presents a bold new global perspective on the history of the United States. Drawing on his expertise in economic history and the imperial histories of Britain and Europe, A. G. Hopkins takes readers from the colonial era to today to show how, far from diverging, the United States and Western Europe followed similar trajectories throughout this long period, and how America's dependency on Britain and Europe extended much later into the nineteenth century than previously understood. In…


If you love Richard H. Britnell...

Book cover of In Bad Faith

In Bad Faith by Geoffrey Carter,

Nelson West, a former Chicago homicide detective, is hired by wealthy heir Lionel Bing to discreetly help “fix” scandals and legal problems for his father’s wealthy friends.

Bing, a brilliant but troubled investigator, suffers from PTSD symptoms as a result of being kidnapped and witnessing the murder of his mother…

Book cover of Home and Work: Housework, Wages, and the Ideology of Labor in the Early Republic

Lori D. Ginzberg Author Of Elizabeth Cady Stanton: An American Life

From my list on that will blow your mind about US women’s history.

Why am I passionate about this?

When I started college in 1974 as a young radical feminist I had zero interest in history—it was all wars and men. But in a course about the Russian Revolution I learned the most thrilling thing: historians don’t simply relay facts, they argue with one another. I fell in love, and I never looked back. I am especially fascinated by what societies label “unthinkable,” and how that shapes, contains, and controls radical ideas. I've always been intrigued by what is "out of the question" and then poke at it, see what lies underneath, and try to figure out why things remain, or are kept, invisible.

Lori's book list on that will blow your mind about US women’s history

Lori D. Ginzberg Why Lori loves this book

On one level, this is a book about housework in the pre-Civil War northern United States. Much more profoundly, it shatters ideas about unpaid labor in early industrial capitalism. It completely changed myand many readers’ideas of what constitutes “work,” what it means to contribute to a household economy, and how ideas about wages (and, especially, work done by men outside the home) obscured early capitalists’ dependence on women’s unwaged work. After reading this, you’ll never refer to “women who worked” and “women who didn’t” again. It should be essential reading not only for women’s historians, but for anyone interested in ideologies of labor, capitalism, and the history of work.

[Full disclosure: I met Jeanne Boydston on my second day of graduate school and we collaborated closely on our dissertations (later books). She was my best friend and best teacher until her much-too-early death in 2008.]

By Jeanne Boydston ,

Why should I read it?

2 authors picked Home and Work as one of their favorite books, and they share why you should read it.

What is this book about?

Over the course of a two hundred year period, women's domestic labor gradually lost its footing as a recognized aspect of economic life in America. The image of the colonial "goodwife," valued for her contribution to household prosperity, had been replaced by the image of a "dependent" and a "non-producer." This book is a history of housework in the United States prior to the Civil War. More particularly, it is a history of women's unpaid domestic labor in the context of the emergence of an industrialized society in the northern United States. Boydston argues that just as a capitalist economic…


Book cover of The Economy of Obligation: The Culture of Credit and Social Relations in Early Modern England
Book cover of The Moral Economy: Poverty, Credit, and Trust in Early Modern Europe
Book cover of Artisans in Europe, 1300-1914

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