I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
An Anthropology of Money is an excellent introductory book for those interested in money and capitalism. The book opens by canvassing the major literature across the social sciences on money. In this way it offers a comprehensive overview of the scholarly literature on money’s history and creation. The book shows how our present monetary system was imposed by elites. In other words, the present monetary system is inherently historical and political. Moreover, we show how the modern money system requires perpetual growth, an increase in inequality, environmental devastation, and increasing commodification. These are not intrinsic features of money, but rather, of debt-money created by commercial banks when they make loans. Finally, we discuss insightful alternatives to credit creation by commercial banks.
Desan’s work filled multiple gaps in my knowledge regarding the historical circumstances that contributed to modern money.
In my view, it is the best and most comprehensive book for anyone who wants to know how we arrived at current monetary arrangements. The research and writing are masterful, comprehensive, and there are many ‘oh my, I didn’t know that’ moments.
A real eye-opener and an essential read for anyone interested in money, finance, and the emergence of capitalism.
Easily the best and most authoritative book since Dickson’s The Financial Revolution In England – a must-read!
Money travels the modern world in disguise. It looks like a convention of human exchange - a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself - along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money's design brought capitalism to England. For centuries, the English government…
I would argue that the history of capitalism is also the history of money. You can’t understand one without the other.
The Currency of Empire is masterfully written and researched.
Why I loved this book so much is not only because it filled many gaps in my knowledge of the history of money in the United States, but also that it has a keen focus on political power and the different interests among the colonists and England.
If you want to understand how money and monetary systems are created within relations of power this book is essential for you. Another must-read that should not be missed.
In The Currency of Empire, Jonathan Barth explores the intersection of money and power in the early years of North American history, and he shows how the control of money informed English imperial action overseas.
The export-oriented mercantile economy promoted by the English Crown, Barth argues, directed the plan for colonization, the regulation of colonial commerce, and the politics of empire. The imperial project required an orderly flow of gold and silver, and thus England's colonial regime required stringent monetary regulation. As Barth shows, money was also a flash point for resistance; many colonists acutely resented their subordinate economic station,…
Gold has fascinated humanity for a considerable swathe of history, and it continues to do so today.
I saw this book online and immediately had to get it. I already knew that the creation of modern money as debt was fundamentally rooted in war and geopolitics, but I did not know the extensive history of how gold and war were interconnected over 500 years.
I think that this is a captivating study for anyone who is interested in the links between war, gold, and geopolitical capitalism.
A fascinating and essential read for explaining how we arrived at where we are today.
The world was wild for gold. After discovering the Americas, and under pressure to defend their vast dominion, the Habsburgs of Spain promoted gold and silver exploration in the New World with ruthless urgency. But, the great influx of wealth brought home by plundering conquistadors couldn't compensate for the Spanish government's extraordinary military spending, which would eventually bankrupt the country multiple times over and lead to the demise of the great empire. Gold became synonymous with financial dependability, and following the devastating chaos of World War I, the gold standard came to express the order of the free market system.…
This book was a real eye-opener and can be considered seminal across the social sciences for its breadth and depth of analysis on money.
I loved this book because it filled so many gaps in my knowledge. I was drawn to it because I once asked my professor how new money was generated and he said he knew but he forgot.
This made me think that money might not be all that important to understanding capitalism. Alas, I was dead wrong of course and returned to my question years later.
That’s how I found Professor Ingham’s book. I still have comprehensive notes from his work and consult them regularly.
This book is essential for anyone who wants to understand the past and present of money.
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the 'social relation' of money. * Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences * An original development of the neglected heterodox theories of money * New histories of the origins and development of forms of money and their social relations of production in different monetary systems * A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social…
I love this book because it was a real eye-opener on par with Ingham’s work.
I discovered the book when I was researching my book with Richard Robbins. In my view it is a foundational book that should be read by all those interested in money, debt, and capitalism.
I really like Rowbotham’s analysis and cutting critique of the current monetary system. He begins the book by asking: if virtually every nation in the world is in debt, who is the money owed to?
From there the adventure begins as he unravels how modern money is created. If you thought that when you borrowed from a bank you were borrowing the money of other depositors, think again!
A wonderful read that will get you thinking about alternatives to a capitalism founded on debt money.
A lucid and original account of where money comes from and why most people and businesses are so heavily in debt. It explodes more myths than any other book this century, yet it's all about subjects very close to home: mortgages, building societies and banks, agriculture, transport, global poverty, and what's on the supermarket shelf. The author proposes a new mechanism for the supply of money, creating a supportive financial environment and a decreasing reliance on debt.
Susan Tate Ankeny left a career in teaching to write the story of her father’s escape from Nazi-occupied France. In 2011, after being led on his path through France by the same Resistance fighters who guided him in 1944, she felt inspired to tell the story of these brave French patriots, especially the 17-year-old- girl who risked her own life to save her father’s. Susan is a member of the 8th Air Force Historical Society, the Air Force Escape and Evasion Society, and the Association des Sauveteurs d’Aviateurs Alliés.
The first and only full-length biography of Hazel Ying Lee, an unrecognized pioneer and unsung World War II hero who fought for a country that actively discriminated against her gender, race, and ambition.
This unique hidden figure defied countless stereotypes to become the first Asian American woman in United States history to earn a pilot's license, and the first female Asian American pilot to fly for the military.
Her achievements, passionate drive, and resistance in the face of oppression as a daughter of Chinese immigrants and a female aviator changed the course of history. Now the remarkable story of a fearless underdog finally surfaces to inspire anyone to reach toward the sky.
One of WWII’s most uniquely hidden figures, Hazel Ying Lee was the first Asian American woman to earn a pilot’s license, join the WASPs, and fly for the United States military amid widespread anti-Asian sentiment and policies.
Her singular story of patriotism, barrier breaking, and fearless sacrifice is told for the first time in full for readers of The Women with Silver Wings by Katherine Sharp Landdeck, A Woman of No Importance by Sonia Purnell, The Last Boat Out of Shanghai by Helen Zia, Facing the Mountain by Daniel James Brown and all Asian American, women’s and WWII history books.…
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