Fans pick 100 books like Global Capitalism

By Jeffry A. Frieden,

Here are 100 books that Global Capitalism fans have personally recommended if you like Global Capitalism. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Capitalism and Slavery

Stefan J. Link Author Of Forging Global Fordism: Nazi Germany, Soviet Russia, and the Contest over the Industrial Order

From my list on economic and political history.

Why am I passionate about this?

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.

Stefan's book list on economic and political history

Stefan J. Link Why did Stefan love this book?

One of my favorite history books of all time. Why did slavery end? This classic masterpiece still has the most compelling explanation: not because our better natures won out but because a sea change in political economy—from mercantilism to industrial capitalism—made slavery obsolete.

In my work as a historian, I still aspire to pull off something resembling Williams’s fearless, elegant, and sobering style of argument.

By Eric Williams,

Why should I read it?

3 authors picked Capitalism and Slavery as one of their favorite books, and they share why you should read it.

What is this book about?

Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established…


Book cover of The Wages of Destruction: The Making and Breaking of the Nazi Economy

Stefan J. Link Author Of Forging Global Fordism: Nazi Germany, Soviet Russia, and the Contest over the Industrial Order

From my list on economic and political history.

Why am I passionate about this?

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.

Stefan's book list on economic and political history

Stefan J. Link Why did Stefan love this book?

I turn to this book to remind myself how good economic history should be written: by foregrounding the political stakes and by angling for compelling prose. In Tooze’s telling, when Nazi ideological rage met the grim realities of a global Depression, the result was the lethal gamble to conquer Germany’s way out of isolation.

It’s so instructive to watch Tooze adroitly move between narrative registers—absorbing, emphatic, mordant, even humorous—as he tackles this hair-raising topic. The thorniest subjects—foreign exchange controls and machine tools, forced labor, and racial war—come to life to awesome and awful effect.

By Adam Tooze,

Why should I read it?

2 authors picked The Wages of Destruction as one of their favorite books, and they share why you should read it.

What is this book about?

"Masterful . . . [A] painstakingly researched, astonishingly erudite study...Tooze has added his name to the roll call of top-class scholars of Nazism." -Financial Times

An extraordinary mythology has grown up around the Third Reich that hovers over political and moral debate even today. Adam Tooze's controversial book challenges the conventional economic interpretations of that period to explore how Hitler's surprisingly prescient vision--ultimately hindered by Germany's limited resources and his own racial ideology--was to create a German super-state to dominate Europe and compete with what he saw as America's overwhelming power in a soon-to- be globalized world. The Wages of…


Book cover of Late Victorian Holocausts: El Niño Famines and the Making of the Third World

Jean-Martin Bauer Author Of The New Breadline: Hunger and Hope in the Twenty-First Century

From my list on fixing our broken global food system.

Why am I passionate about this?

As a teenager, I visited my uncle, who farmed rice in southern Haiti. I met a community that helped me understand that food is not just about dollars and cents—it’s about belonging, it’s about identity. This experience inspired me to become an aid worker. For the last 20+ years, I have worked to mend broken food systems all over the world. If we don’t get food right, hunger will threaten the social fabric.

Jean-Martin's book list on fixing our broken global food system

Jean-Martin Bauer Why did Jean-Martin love this book?

I found Mike Davis’s book to be an essential exploration of the historical causes of global hunger. As an aid worker, I found his analysis of the politics of 19th-century hunger relief informative. Food crises often have strong political roots, and this book does an excellent job of putting those into perspective.

It is very well-researched and packed with facts and figures. This book is an essential, magisterial read in a world facing renewed conflict and climate change. 

By Mike Davis,

Why should I read it?

4 authors picked Late Victorian Holocausts as one of their favorite books, and they share why you should read it.

What is this book about?

Examining a series of El Nino-induced droughts and the famines that they spawned around the globe in the last third of the 19th century, Mike Davis discloses the intimate, baleful relationship between imperial arrogance and natural incident that combined to produce some of the worst tragedies in human history. Late Victorian Holocausts focuses on three zones of drought and subsequent famine: India, Northern China; and Northeastern Brazil. All were affected by the same global climatic factors that caused massive crop failures, and all experienced brutal famines that decimated local populations. But the effects of drought were magnified in each case…


Book cover of How Asia Works: Success and Failure in the World's Most Dynamic Region

Stefan J. Link Author Of Forging Global Fordism: Nazi Germany, Soviet Russia, and the Contest over the Industrial Order

From my list on economic and political history.

Why am I passionate about this?

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.

Stefan's book list on economic and political history

Stefan J. Link Why did Stefan love this book?

Pithy and compelling, this is perhaps the single best primer on the economic rise of East Asia.

Studwell pinpoints three recipes that allowed Japan, Taiwan, South Korea, and China to escape poverty and become export powerhouses: first, industrial policy; second, government oversight over lending and capital flows (sometimes called “financial repression”); and third—something few before him have grasped—egalitarian land reforms that broke up large estates and gave small plots to the many.

Discussions of economic development are often charged with ideology-free markets or government. As this book nonchalantly reveals, that’s a false opposition. In Studwell’s telling, development happens when governments get creative with markets: forge them, shape them, unleash them, and rein them in. A bracing lesson for today’s debates.

By Joe Studwell,

Why should I read it?

2 authors picked How Asia Works as one of their favorite books, and they share why you should read it.

What is this book about?

Until the catastrophic economic crisis of the late 1990s, East Asia was perceived as a monolithic success story. But heady economic growth rates masked the most divided continent in the world - one half the most extraordinary developmental success story ever seen, the other half a paper tiger.

Joe Studwell explores how policies ridiculed by economists created titans in Japan, Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in South-East Asia down the economic river. The first book to offer an Asia-wide deconstruction of success and…


Book cover of The Great Transformation: The Political and Economic Origins of Our Time

Vinícius Guilherme Rodrigues Vieira Author Of Shaping Nations and Markets: Identity Capital, Trade, and the Populist Rage

From my list on understanding the transformation of capitalism and globalisation.

Why am I passionate about this?

Since 2008, I have conducted research on themes related to International Political Economy. I am currently the co-chair of the research committee on this topic at the International Political Science Association (IPSA) and am passionate about making sense of the interplay between material and symbolic factors that shape capitalism and globalisation. Being based in Brazil, I was stuck when the country—which did not have salient identity cleavages in politics—came to be, after 2008, a hotspot of religious-based right-wing populism associated with the defence of trade liberalisation as globalisation started to face meaningful backlash from White-majority constituencies who are relatively losers of the post-Cold War order in the advanced industrialised democracies.

Vinícius' book list on understanding the transformation of capitalism and globalisation

Vinícius Guilherme Rodrigues Vieira Why did Vinícius love this book?

As post-Cold War globalisation seems to face its fate, I always go back to this book as it offers lessons on the perils of taking for granted economic rationality. The 19th-century liberal order crumbled, and fascism emerged as a solution. In the same vein, is far-right populism a reaction against the consequences of neoliberalism?

Although he does not bring to the centre stage the impact of ethnic-religious cleavages, such a shortcoming only made me wonder whether his riveting account of modernity applies nowadays.

By Karl Polanyi,

Why should I read it?

12 authors picked The Great Transformation as one of their favorite books, and they share why you should read it.

What is this book about?

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.


Book cover of A Farewell to Alms: A Brief Economic History of the World

Joshua L. Rosenbloom Author Of Quantitative Economic History: The Good of Counting

From my list on understanding the modern capitalist economy.

Why am I passionate about this?

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.

Joshua's book list on understanding the modern capitalist economy

Joshua L. Rosenbloom Why did Joshua love this book?

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.

By Gregory Clark,

Why should I read it?

1 author picked A Farewell to Alms as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of Good Economics for Hard Times

Howard Yaruss Author Of Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know

From my list on inspiring people to improve the world.

Why am I passionate about this?

I grew up in Brooklyn in a family that often faced financial difficulties and started working in my early teens in my father’s grocery store. These experiences made me painfully aware of the great disparities in education, security, material well-being, and opportunity in our society.  I saw how these inequalities caused some people to become cynical, resigned, or indifferent—while others became determined to overcome them. I became fascinated by them.  I felt that if I wanted to live in a more just and productive society, I first had to understand how it worked. My recommended books inspired me further and helped me to gain that understanding.

Howard's book list on inspiring people to improve the world

Howard Yaruss Why did Howard love this book?

This is the first of four book recommendations that may not be as inspirational as The Grapes of Wrath, but which make up for that by providing real-world information that can be useful to people trying to improve our world. This book shows how fresh thinking about economics can help solve some of the world’s most intractable problems. Innovative research, careful observation, and plain common sense enable these two Nobel Prize-winning MIT economists to upend a lot of conventional wisdom and develop interesting and compelling policy proposals, which they discuss in a particularly accessible way.

By Abhijit V Banerjee, Esther Duflo,

Why should I read it?

1 author picked Good Economics for Hard Times as one of their favorite books, and they share why you should read it.

What is this book about?

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day.

Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it.

Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to…


Book cover of ReOrient: Global Economy in the Asian Age

Yasuhiro Makimura Author Of Yokohama and the Silk Trade: How Eastern Japan Became the Primary Economic Region of Japan, 1843-1893

From my list on cities, their trades, and world trade.

Why am I passionate about this?

One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.

Yasuhiro's book list on cities, their trades, and world trade

Yasuhiro Makimura Why did Yasuhiro love this book?

In ReOrient, A.G. Frank argues that this current situation in which the West is at the center of the world is a mere blip in terms of global history. Historically Asia was always the richer part of the globe and once again, in the near future, Asia will be the richest part of the globe again.

By Andre Gunder Frank,

Why should I read it?

1 author picked ReOrient as one of their favorite books, and they share why you should read it.

What is this book about?

Andre Gunder Frank asks us to re-orient our views away from Eurocentrism - to see the rise of the West as a mere blip in what was, and is again becoming, an Asia-centered world. In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. European states, he says, used the silver…


Book cover of India Transformed: Twenty-Five Years of Economic Reforms

Thomas A. Timberg Author Of The Marwaris: From Jagat Seth to the Birlas

From my list on India now.

Why am I passionate about this?

I have been trying to understand India’s evolution especially its economic path for the last half-century— by reading, traveling, and writing on aspects of that evolution. Originally this started with the Cold War concern about how a democracy would navigate using a democratic political system. So I took appropriate courses in college and graduate school, worked in India in the Peace Corps, and then spent a little under a decade teaching about it a doing research. For the following five decades I have continued my interest and publishing and studying. Whether I have understood much is for others to determine but these are my five book nominees.

Thomas' book list on India now

Thomas A. Timberg Why did Thomas love this book?

A summary of the dramatic economic transformation of India since 1991 by one of its key economic policymakers. Though abstracting from some of the debate about details, this is a readable presentation especially from the point of view of policymakers. What all of this meant for the general public can be seen in the next volume. Both but especially this volume are one of competing accounts of how it happened.   Success has many fathers.

By Rakesh Mohan (editor),

Why should I read it?

1 author picked India Transformed as one of their favorite books, and they share why you should read it.

What is this book about?

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy?

With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.


Book cover of The World That Trade Created: Society, Culture, and the World Economy, 1400 to the Present

Francine McKenzie Author Of GATT and Global Order in the Postwar Era

From my list on why international trade is all about politics.

Why am I passionate about this?

I am a professor of history at Western University in London, Ontario, Canada. I have written about the history of international organizations, international trade, the British Commonwealth, and Canada in the world. Although these topics have taken me in different directions, I have always examined the political currents that run through them. Politics emerge in relation to ideology, policymaking, leadership, norms, values, interests, identity, international relations, and global governance. I have been especially interested in connecting economics and politics. Many scholars write about trade policies, organizations, and negotiations as though they are technical and narrowly economic when they are agents, instruments, and expressions of international politics. 

Francine's book list on why international trade is all about politics

Francine McKenzie Why did Francine love this book?

This book shows how trade has long connected people and societies all over the world, from miners in Potosi, to coffee growers in Yemen, and traders and shippers from Fujian.

Topik and Pomeranz reject a Eurocentric approach to the history of international trade and they put real people back into the story. The engaging vignettes in this collection are not primarily about politics, but they make clear why trade is political and polarizing.

The workings of international trade powerfully affected people’s lives, for better and for worse, and so people reacted strongly to trade, as committed champions and tireless opponents.

By Kenneth Pomeranz, Steven Topik,

Why should I read it?

1 author picked The World That Trade Created as one of their favorite books, and they share why you should read it.

What is this book about?

The World That Trade Created brings to life the history of trade and its actors. In a series of brief, highly readable vignettes, filled with insights and amazing facts about things we tend to take for granted, the authors uncover the deep historical roots of economic globalization.

Covering over seven hundred years of history, this book, now in its fourth edition, takes the reader around the world from the history of the opium trade to pirates, to the building of corporations and migration to the New World. The chapters are grouped thematically, each featuring an introductory essay designed to synthesize…


Book cover of Capitalism and Slavery
Book cover of The Wages of Destruction: The Making and Breaking of the Nazi Economy
Book cover of Late Victorian Holocausts: El Niño Famines and the Making of the Third World

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