100 Books Like The Roman Predicament

Folks familiar with the term “neoliberalism” usually describe it as the economic system that tries to unleash the market by getting the government out of the way. I like Globalists because it shows how unleashing the market demands that government gets in the way—of workers’ rights, movements for equality, and, most ominously, democracy itself. Since it’s impossible to understand fascism without tackling capitalism, a book explaining how we got to today’s market principles is vital.

I see this book as a history of the neoliberal economists who encouraged political leaders to use state violence and repression to unleash free trade and shape the global economy. Globalists tell the story of how modern capitalism developed into today’s vast landscape of inequality that makes a fertile ground for fascism and violent extremism to develop.

My own book title is explicitly an homage to this book, which tells the story of the sterling standard in its heyday. 

It is my dream that readers will put my book next to this one on their bookshelves, reading mine as a continuation of the story that DeCecco tells so masterfully. He is more economic historian, and I am more historian of economic ideas, so the books are different (and his original was in Italian), but they can be read as in conversation with one another. 

This is another book that I look forward to rereading, now that I know more, and engaging more deeply and systematically.

When Nixon took the dollar off gold in 1971, Kindleberger thought it was the end of the dollar system, and maybe even the beginning of a new depression, in parallel with the 1931 collapse of the sterling system. 

He was wrong about that, and the reason was the resilience of the global banking system, which basically refused to abandon the dollar even though the dollar had abandoned it! 

This book tells the story of the rise of the Eurobond market, the capital market counterpart to the offshore Eurodollar market, which grew up organically in the 1970s and after. 

One of the things I like most about this book is that the author is a practitioner, so the story is told from the point of view of one who was there.

This book tells the story of the global expansion of the dollar system after the collapse of Bretton Woods from the perspective of the BIS, the global central bank.

Created in 1930, as a last-ditch effort to backstop the sterling system (among other reasons), the story of the BIS runs parallel to the story I tell in my book.  This morning in class I asked my students, most of them international relations majors, if any of their other courses had mentioned the BIS, and not a single hand went up. Hence this recommendation!

Kindleberger worked at the BIS 1939-1940 and might well have made it his permanent home had not World War II intervened, and sent him back home to the Fed.  

Many histories of Rome end in the second century that period in which Edward Gibbon judged “the condition of the human race was most happy and prosperous”. But there is a great deal of Roman history after that. Rome survived a great military crisis in the third century. The next generation of emperors based themselves near the frontiers to ward off future attacks. Machado’s extraordinary book tells the story of the City of Rome after the emperors had gone, returned into the hands of an aristocracy fascinated by its past but also committed to Roma Aeterna (Eternal Rome). Using statues and inscriptions and archaeology and a mass of little read ancient literature, Machado paints a vivid picture. Far from the new centres of power, the Roman aristocracy rebuilt, repaired, and steered the city through religious transformations, barbarian sacks, and beyond the fall of the western empire.

This is a great read on the way that Rome became an empire. It puts the whole story of the city of Rome and what it developed into (i.e. the biggest power of the ancient world and a paradigm for many empires that followed) into context and into the history of the Mediterranean world. The book is so useful to read because it is well written and contemporary, but it also helps us to understand Hannibal. This is because Rome's version of Carthage and Hannibal is the only version that we have to deal with, Hannibal in many ways becomes a reflection of Roman ideas of their own imperialism.

The end of the Roman Empire in the west is a fascinating but notoriously vague saga, which often seems to be composed entirely of footnotes. In this novel John Henry Clay takes a handful of those footnotes and rebuilds mid 5th century Gaul and Italy on a grand scale. The empire is on its knees, but the aristocratic elites of the southern provinces are still living the good life on their villa estates, until all is thrown into turmoil by the invasion of Attila and his Huns. Part family drama, part broad-canvas military and political epic, the first half of the novel reaches a climax in the defeat of the Hunnic hordes by General Aetius. But in its second half the story accelerates dramatically, as Avitus, the father of the central pair of characters, leads a Romano-Gothic army from Gaul to seize power in Rome. The ramifications of Avitus’s bid… show more.

This book provides an exemplary hour-by-hour guide to what life was like for a citizen of Rome at the height of its power. I love that Angela not only gives us the high-society angle, bringing us into the lush gardens and sumptuous homes of Rome’s wealthy and powerful, but also the crowded apartments and streets that were home to the vast majority of the ancient city’s citizens. You walk alongside them, getting a ground-level view of the patterns of a normal day in all its mundane details, from clothing to food to labor to entertainment, rendered in fascinating prose.

A historical novel has to do more than just re-tell a part of history. The author has the duty to make history come alive for the reader, even if fictionalized. That means details about daily life and customs, not just buildings and battles. This book was enormously helpful in describing everyday Roman life. What the Romans were eating and wearing in Rome, they probably also ate (as near as they could) and wore in their colonies. Here I found everything from going to the barber to going to the circus.

Ronald Syme was one of the greatest historians of the twentieth century, and probably the greatest Roman historian. This may seem like one for specialists only, unlike his classic Roman Revolution, but it’s got his distinctive style – florid and lapidary all at once – and is a master class in how to wring valuable information out of poor and deceptive sources.