Here are 100 books that American Power after the Financial Crisis fans have personally recommended if you like
American Power after the Financial Crisis.
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I’ve been trying to understand people’s politics since I was a kid and wondered why my dad, who had been a boy in Sicily under Mussolini, spoke so fondly of “il Duce”—even though Dad was an otherwise independent thinker who believed in people’s inherent dignity, not to mention a man who was an immigrant and an outsider and thus exactly the kind of person fascists hate. I think this background partially explains why I focus my writing on interpreting the significance and appeal of widespread and, in some cases, morally indefensible and contradictory cultural-political ideologies such as neoliberalism and racism.
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.
George Louis Beer Prize Winner Wallace K. Ferguson Prize Finalist A Marginal Revolution Book of the Year
"A groundbreaking contribution...Intellectual history at its best." -Stephen Wertheim, Foreign Affairs
Neoliberals hate the state. Or do they? In the first intellectual history of neoliberal globalism, Quinn Slobodian follows a group of thinkers from the ashes of the Habsburg Empire to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to redeploy them at a global level. It was a project that changed the world, but was also undermined time and again…
I was born in North Dakota and raised outside of Minneapolis in the 1980s and 1990s, a period marked by the ascendance of global trade and finance. I got hooked on reading, thinking, and talking about the politics of international economic relations in college. Sufficiently hooked, I guess, that I applied to graduate school to try and make it my vocation. My research and teaching to this point have focused on how key political and ideational forces in domestic and world politics – namely, international organizations, shared economic beliefs, social conventions, and material interests – shape the governance of globalized markets and the crafting of countries’ foreign economic policies.
Pistor’s book explains how global finance grew so large, powerful, and unstable. The short answer: elite lawyers did it.
Pistor argues that they did it by creatively devising legal instruments that could turn both tangible (land, for example) and intangible things (like intellectual property) into capital. When lawyers were able to make legal instruments enforceable around the world, capital could become truly global. Why did they do this? Simple: “minting” capital through creative lawyering is extraordinarily lucrative.
Before reading this book, I knew that elite contract lawyers were very well compensated, but I didn’t understand what they were doing and didn’t think of them as key players shaping the international economic order. Pistor’s book informed and corrected my thinking.
A compelling explanation of how the law shapes the distribution of wealth
What is it that transforms a simple object, an idea, or a promise to pay into an asset that creates wealth? Katharina Pistor explains how, behind closed doors in the offices of private attorneys, capital is created-and why this little-known activity is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the various ways that debt, complex financial…
I was born in North Dakota and raised outside of Minneapolis in the 1980s and 1990s, a period marked by the ascendance of global trade and finance. I got hooked on reading, thinking, and talking about the politics of international economic relations in college. Sufficiently hooked, I guess, that I applied to graduate school to try and make it my vocation. My research and teaching to this point have focused on how key political and ideational forces in domestic and world politics – namely, international organizations, shared economic beliefs, social conventions, and material interests – shape the governance of globalized markets and the crafting of countries’ foreign economic policies.
Reading this book in graduate school was revelatory. It was mostly ignored upon publication. But in the subsequent eighty years Hirschman’s insights have become part of the bedrock of my field of international political economy.
The key idea is that countries seeking to enhance and expand their power can use “liberal” commercial strategies to induce economic and political dependency in smaller, weaker partners. It’s dangerous, in other words, to simply assume that more extensive trade and investment flows between countries will engender a more stable, peaceful international system.
Uncontrolled trade can aggravate tensions and facilitate international disorder. Hirschman arrives at a bold idea: surrendering national authority to follow global rules and institutions is the only way to counteract the harmful effects of massive power and wealth inequalities in world politics.
This study begins with a brief survey of economic thought on the relationship between foreign trade and national power, from the Mercantilists on. Chapter II attempts a systematic theoretical approach to the subject. It first makes clear the fundamental basis of the possible use of foreign trade as an instrument of national power policy. Using well-known concepts of economic analysis, it proceeds to show under what conditions and by means of what policies this instrument is likely to attain its highest efficiency. The principles of power policy thus deduced theoretically are then compared with the actual practices followed by German…
I was born in North Dakota and raised outside of Minneapolis in the 1980s and 1990s, a period marked by the ascendance of global trade and finance. I got hooked on reading, thinking, and talking about the politics of international economic relations in college. Sufficiently hooked, I guess, that I applied to graduate school to try and make it my vocation. My research and teaching to this point have focused on how key political and ideational forces in domestic and world politics – namely, international organizations, shared economic beliefs, social conventions, and material interests – shape the governance of globalized markets and the crafting of countries’ foreign economic policies.
This book is about the planners who set about devising the rules and institutions of the post-WWII international economic order.
The conventional story is that institutions like the IMF and World Bank were mainly creations of American and British policymakers, and the rules enshrined in those institutions reflect narrowly Anglo-American ideas and interests. But Helleiner’s amazing historical research reveals that officials from countries in the so-called “periphery” of the world economy (like China, India, and Brazil) had much more influence in these negotiations than we realized.
Their courageous efforts ensured that some of their developmental ideas (aimed at reducing the massive global wealth and power imbalances) were, in fact, incorporated into the international rules that shaped the postwar economic order. The politics of economic ideas come to life in this book.
"Forgotten Foundations is classic interdisciplinary history, drawing on literatures from political science and economics as well as primary sources.... Helleiner has made an important contribution that will permanently re-frame how scholars conceptualize Bretton Woods." Journal of Interdisciplinary History
Eric Helleiner's new book provides a powerful corrective to conventional accounts of the negotiations at Bretton Woods, New Hampshire, in 1944. These negotiations resulted in the creation of the International Monetary Fund and the World Bank-the key international financial institutions of the postwar global economic order. Critics of Bretton Woods have argued that its architects devoted little attention to international development issues…
I’ve been studying China for almost 60 years and have visited the country 40 times. Around 1990 I became aware of the sad situation of migrants from the countryside trying to move to cities to earn a better living. There they are met with low wages, poor living conditions, and discrimination. I spent 6 or 7 years interviewing them and writing about them and the book I wrote won a prize for the best book on 20th century China published in 1999. Then I learned about the workers who were laid off as China modernized, and went to talk with them. The present book is full of empathy and concern for these people.
This book, first published in 1989 and then reprinted in 2013, interprets policy and market developments in the early 21st century.
It debunks a perspective that would blame the poor themselves for their own plight and instead explores both cultural and biological causes for poverty. The author provides us with many angles from which to understand why people are poor in America and how poverty is perceived and handled. A lot of the book shows readers how things are for the poor where they live, at the grass-roots level.
First published in 1989, The Undeserving Poor was a critically acclaimed and enormously influential account of America's enduring debate about poverty. Taking stock of the last quarter century, Michael B. Katz's new edition of this classic is virtually a new book. As the first did, it will force all concerned Americans to reconsider the foundations of our policies toward the poor, especially in the wake of the Great Recession that began in 2008.
Katz highlights how throughout American history, the poor have been regarded as undeserving: people who do not deserve sympathy because they brought their poverty on themselves, either…
Rich Weiner co-edited this featured volume with Francesca Forno. He is a political sociologist with a strong foundation in the history of political and social thought. He has served for twenty-two years as dean of the faculty of arts and sciences. His focus has been on non-statist political organizations and social movements with a perspective of middle-range theorizing enriched by three generations of Frankfurt School critical theory of society.
A collection of exceptional scholars explore what replaced the New Deal Order’s focus on economic justice at the end of the 1970s with a regime that came to be known as neoliberalism.
This very accessible book approaches the possibility of new forms of life known as solidarity economies and with it a turn toward social-economics.
I appreciate the attempt this history book makes to both take a long view and to create a conceptual framework regarding empirical cases.
Ever since introducing the concept in the late 1980s, historians have been debating the origins, nature, scope, and limitations of the New Deal order-the combination of ideas, electoral and governing strategies, redistributive social policies, and full employment economics that became the standard-bearer for political liberalism in the wake of the Great Depression and commanded Democratic majorities for decades. In the decline and break-up of the New Deal coalition historians found keys to understanding the transformations that, by the late twentieth century, were shifting American politics to the right.
In Beyond the New Deal Order, contributors bring fresh perspective to the…
Since I began to study history at the university, I have always wondered why things could get so wrong in Europe in the 1930s. The key to understanding this crucial period of world history was the failure of economic policy. In the course of my studies, many of my questions have been answered, but I am still wondering about the extent of human and institutional collapse. Hence, to me, the Great Depression is such a fascinating topic that you can never leave once you started doing research about its causes and consequences.
Our view of the Great Depression was changed by the Great Recession following the financial crisis of 2008. No one has a better grasp of the similarities and differences between the two major economic shocks of the last 100 years than Barry Eichengreen. Most interesting are Eichengreen’s reflections about the right and wrong lessons the firefighters of the 2008 financial crisis drew from the Great Depression.
The two great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008. Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system. When markets went into cardiac arrest in 2008, policymakers invoked the lessons of the Great Depression in attempting to avert the worst. While their response prevented a financial collapse and catastrophic depression like that of the 1930s, unemployment in the U.S. and Europe still rose to excruciating high levels. Pain and suffering were widespread.
I am an award-winning producer, author, and member of the Producers Guild of America. One of my fondest memories as a child is coming home from a weekend at my oma’s house to find that my mother had redecorated my room. The bedspread was pink, red, and white and so were the curtains but the main event was the fluffy white pouf of a rug on the floor. Home is a place that has always been important to me, which is why these books have found their way into my library.
I’ve had the pleasure of interviewing Corey Damen Jenkins, whose bold take on traditional interiors have won him a devoted following.
The designer, author, and television personality founded his firm during the 2008 recession and knocked on 779 doors in affluent neighborhoods around Detroit to do it. His patience and persistence are evident in his personal and stunning look at classic interiors; homes that have been reimagined for living now.
With sidebars on practical questions like how to hang a salon-style picture wall, and choosing the right window treatment, Corey is as generous with his advice as he is sharing his talent.
Corey Damen Jenkins s bold interiors have won a devoted following. In his first book, he presents his take on classic interiors that have been beautifully reimagined for today s taste, sharing the building blocks of this fun, vibrant traditional look. Bold Standard is about how to use colour in unexpected ways. Good Bones showcases architectural details. Less Is More focuses on creating a minimal look within a traditional interior. Eclectic Exuberance celebrates a collected appeal. Night and Day is a new look at the classic, graphic pairing of dark and light colours. Haute House looks at accessorizing with fashion-inspired…
I’ve always been fascinated by power and how people use it; from the time I was tiny, I’ve loved reading about how people left their fingerprint on history. I now make my career as a presidential historian, and I’m committed to sharing this history with a broad public audience in books, opinion editorials, podcasts, and other media. In my experience, most people find history fascinating if they can learn about it in an interesting way. That’s my goal with all my work and the goal of the books I’ve recommended below!
The political parties can be a bit confusing as the names Republican and Democratic have been around for centuries, but hardly resemble the original parties at their formation. To Make Men Free is the best overview of the Grand Old Party, its many evolutions, and its important role in American history. It is also my favorite of the many books written by famed historian Heather Cox Richardson. To Make Men Freewould be a great gift for subscribers to Richardson’s newsletter, Letters from an American, or dads who are interested in politics.
When Abraham Lincoln helped create the Republican Party on the eve of the Civil War, his goal was to promote economic opportunity for all Americans, not just the slaveholding Southern planters who steered national politics. Yet, despite the egalitarian dream at the heart of its founding, the Republican Party quickly became mired in a fundamental identity crisis. Would it be the party of democratic ideals? Or would it be the party of moneyed interests? In the century and a half since, Republicans have vacillated between these two poles, with dire economic, political, and moral repercussions for the entire nation.In To…
I'm an economic anthropologist and teach classes and conduct research in this area. Economic anthropology is different from economics in that it questions many of the things that economics takes for granted. For example, most economists assume that allocating goods through the market by buying and selling is the best way to organize human communities. Economic anthropologists have shown, in contrast, that many societies have been organized according to other exchange principles. In fact, some of the oldest communities in the world, such as Sumer and Babylon, based their economies around elaborate systems of redistribution, in which every citizen was guaranteed food shares.
Money is often thought of as a valuable thing, like gold or silver.
This leads us to presume that it must be finite in quality due to its scarcity. Drawing on anthropological studies of objects such as Yap stones, massive stone disks found on a far-flung island in the Pacific Ocean.
Martin shows instead that money is not so much a thing but an abstract system for tracking who has what and who is entitled to what, similar to what the anthropologist Keith Hart has called a “memory bank.” By rethinking money along these lines, we might be able to rethink how we decide who gets what and who doesn’t get what in our communities.
From ancient currency to Adam Smith, from the gold standard to shadow banking and the Great Recession: a sweeping historical epic that traces the development and evolution of one of humankind’s greatest inventions.
What is money, and how does it work? In this tour de force of political, cultural and economic history, Felix Martin challenges nothing less than our conventional understanding of money. He describes how the Western idea of money emerged from interactions between Mesopotamia and ancient Greece and was shaped over the centuries by tensions between sovereigns and the emerging middle classes. He explores the extraordinary diversity of…
