Here are 100 books that The Economy of Obligation fans have personally recommended if you like
The Economy of Obligation.
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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 Societyto 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.
Though not bursting with colorful anecdotes, this book is absolutely authoritative, and along with the author’s journal articles, it transformed our understanding of medieval life in at least three ways. It showed how pervasive the monetary exchange of goods and services was in the so-called age of feudalism. It demonstrated the importance of informal modes of exchange, away from the publicly visible formal markets. And it went far toward clarifying how, when, and for what purpose monetary exchange took place in a society dominated by vertical bonds of personal loyalty and reciprocity.
The Commercialisation of English Society offers an interpretation of social and economic change in England over five centuries. By 1500 English livelihoods depended more upon money and commercial transactions than ever before; the institutional framework of markets had been transformed and urban development was more pronounced. These changes were not, however, caused by any unilinear development of population, output or money supply. This pioneering study examines both institutional and economic transformation and the social changes that resulted and stresses the limited importance of formal trading institutions for the development of local trade. Commercial transition is throughout analysed from a broader…
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…
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 Societyto 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.
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.
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…
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 Societyto 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.
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.
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…
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…
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 Societyto 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.
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.
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…
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've always been fascinated with history. The study of economic history allows me to combine my passion for understanding the past with a rigorous and systematic set of analytical tools. In my own work I'm interested in understanding the economic, political, and institutional transformations that have created the modern world. The books I've selected here help us better understand quite how different the past and they have proven to be invaluable to me as inspirations.
Patricia Crone was an expert on the history of early Islam and attracted a lot of controversy for her views on Mecca and Mohamad.Pre-Industrial Societies is a brief, readable portrait of how preindustrial societies functioned. It isn't based on primary sources or archival evidence; there are no footnotes or endnotes, and the referencing is light; really it is a textbook.
What makes it valuable is that unlike many historians, Crone isn't afraid to generalize and to draw on the ideas of social scientists. She packs in an amazing amount of analyze into a very short book and roams across entirety of world history.
If I could only recommend one book to students interested in how societies functioned in the past, it might be this book!
Eminent historian Patricia Crone defines the common features of a wide range of pre-industrial societies, from locations as seemingly disparate as the Mongol Empire and pre-Columbian America, to cultures as diverse as the Ming Dynasty and seventeenth-century France. In a lucid exploration of the characteristics shared by these societies, the author examines such key elements as economic organization, politics, culture, and the role of religion. An essential introductory text for all students of history, Pre-Industrial Societies provides readers with all the necessary tools for gaining a substantial understanding of life in pre-modern times. In addition, as a perceptive insight into…
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 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 like this book because it is a really helpful guide to all of the great thinkers who have grappled with what capitalism is, from Adam Smith to the present. And it does so in a single volume.
One of the things I also really liked about the book is that one learns about the individuals and their lives and challenges. So, it is like having lots and lots of small biographies.
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…
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.
Quite simply the best survey of 20th-century international political economy out there. I assign it to my students and turn to it whenever I need a brief refresher on things.
How exactly did the classic gold standard collapse? Why again did Latin American countries turn autarkic after World War II? What was the role of foreign direct investment under Bretton Woods? Why did labor suffer in the 1970s, and why did finance boom in the 1980s?
Frieden has the answers, and he presents them in a supple narrative and with a commendably sharp sense of politics.
A wonderful blend of "politics and economics, micro and macro, past and present in an accessible narrative" (The Washington Post), Global Capitalism presents an authoritative history of the twentieth-century global economy. Jeffry A. Frieden's discussion of the financial crisis of 2008 explores its causes, the many warning signals for policymakers and its repercussions: a protracted recovery with accumulating levels of inequality and political turmoil in the European Union and the United States. Frieden also highlights China's dramatic rise as the world's largest manufacturer and trading nation, perhaps the most far-reaching development of the new millennium. Drawing parallels between the current…
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 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.
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.
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…
