Fans pick 100 books like Adam Smith

Phillipson’s book is, for us, the best intellectual biography about Smith.

It provides a balanced overall account of Smith’s economics and wider thought and traces their origins and evolution back to the places where Smith lived. It is a very fine read indeed. Quite possibly it is the most insightful book yet on Smith’s life and work.

It is a must-read for Smith scholars. It is also an important corrigendum to the many accounts that describe Smith as an absent-minded professor, somewhat detached from the world. Phillipson argues convincingly that Smith, while he may have had Asperger’s, was a man of the world, a very competent administrator in academic and other matters, and a much sought-after policy advisor at the highest level.

What was impressive about this book and what made me recommend it (on the back cover) was how it succeeded in covering the full range of Smith’s work while demonstrating that it possesses a common unifying thread.

The author has already written a learned treatment of Smith (based on his doctoral dissertation); this volume, as befits a designedly introductory book, is written without jargon, in careful, clear prose. While students will gain the most benefit (the purpose of the series of which it is a part), it is, as well as informative, accessible to anyone with an initial interest in Smith, which it will succeed in broadening and deepening. 

The title of this book unambiguously states its purpose. What, above all, impressed me was how Paganelli, an academic economist, fulfilled this purpose so splendidly. The Wealth of Nations is one of the great books in the history of economics, but it is a large and somewhat intimidating volume, which has meant it has usually been cited without ever being read.

This book systematically and carefully explains the book chapter by chapter but never misses ‘the wood for the trees’. While ideal for students, with guides for future reading, for anyone who just wants to discover what this great book says beyond headline summaries, and why it is important, this is the text to read.

This is a lively and engaging book that bears its learning lightly. That stylistic presentation is coupled with a broad agenda to counter common assumptions and distortions about Smith, with the aim, as Muller himself declares, to recover Smith’s own intentions from subsequent misreadings.

While opinionated it is even-handed, neither bland nor strident. What singles out this book and what I found distinctively insightful was a lengthy discussion of the differing receptions of Smith’s work in the two-hundred years since his death.   

Charting the revolutionary Atlantic through the stories of mutinous seamen, radical soldiers, unruly women, slaves, pirates, and common workers, this is a rip-roaring example of ‘history from below.’ By revealing the hidden history of resistance and how it weaves back and forth through time and across oceans, The Many-Headed Hydra showed me the power of history told through the lives of everyday people. It’s engaging. Sweeping. Political. A deserving sibling of EP Thompson’s The Making of the English Working Class. And a great example of how pulling at threads can reveal surprising connections. A must-read and one I pull off the shelf whenever I’m in need of inspiration.

I read this book after I spent a year living and volunteering with the Zapatista revolutionary movement in Chiapas Mexico.

John based a lot of the ideas in this book on the Zapatistas mainly because they help us rethink what the revolution means – as an open, joyful, and everyday process. What I learned from this book is that If we really want to change society, or indeed crack capitalism, we have to build examples in the here and now that show a different world is possible.

It is a reminder that the state cannot and will not use on its own so we have to build self-managing autonomous structures in our communities that can create hope, dignity, resilience, and joy.

This is the first study ever of Marx on communism/socialism, a topic that is often considered something he refrained from writing about. Hudis ingeniously marshals a huge body of writings – on Proudhon, Lassalle, and others – where Marx elaborates his own concept of socialism/communism in the course of critiquing what he sees as vastly inadequate concepts. In so doing, Hudis connects these issues to dialectics and to economics, and above all to the critique of both capital and the state, here not even sparing Lenin’s classic work, State and Revolution.

My view of markets has been heavily influenced by my colleague from the Sociology Department downstairs, Neil Fligstein.

He follows Polanyi in posing a direct challenge to the basic assumptions of economics. He argues that firms seek stability, not necessarily profit maximization. That is, they want to stabilize prices and keep the firm intact.

He also brings power to the center of his view of markets. Incumbent firms engage in power struggles. They use business strategies, like collusion, and political strategies, like lobbying for favorable regulations, to insulate themselves from disruptive competition.

This book is one of the most effective attacks against the market tendency to commercialize any good, ending up corroding what is most intrinsically human in social relationships and in people's intimate lives.

The effectiveness of the book lies in the examples, ranging from the sale of kidneys to paying someone to be substituted in the queue.

The most important lesson of the book is that market-driven economic growth has not only transformed the environment to make our lives more comfortable, thus hitting the limit in environmental degradation, but it has also transformed ourselves, because it has made us more consumers and less human.

This silent transformation - the philosopher Sandel teaches us - must be limited.

I was born at the end of the 1980s and the majority of greenhouse gas emissions have been released in my lifetime. That means the world’s emitted more since Seinfeld was first broadcast than in the previous 10 millennia of human history. But this isn’t just a story of the last few decades or of certain bad technologies that use fossil fuels. It’s a story going back centuries, to the emergence of global systems of profit-making that impelled people across the world to seek people and nature to exploit for money. This book has been invaluable in helping me understand that history and in seeing the environmental crisis foremost as a crisis of politics and of the great economic systems that dominate our world.