Here are 58 books that Once in Golconda fans have personally recommended if you like
Once in Golconda.
Shepherd is a community of 11,000+ authors and super readers sharing their favorite books with the world.
Shepherd is reader supported. When you buy books, we may earn an affiliate commission.
Given the state of the world today, laughter truly is the best coping mechanism. The best satire is all about excess in design, intention, characterization, and deployment of attitude. The more extreme, the better; leave restraint to the prudish moralists!
If American Psycho is too bloody an evocation of hyper-capitalism for your stomach, try this tragically under-appreciated door-stopper of a novel, in which an eleven-year-old becomes a millionaire by playing the stock market. Written almost wholly in unattributed dialogue! As with Pynchon, everything written by Gaddis deserves to be on this list; alas, alas.
A National Book Award-winning satire about the unchecked power of American capitalism, written more than three decades before the 2008 financial crisis.
At the center of J R is J R Vansant, a very average sixth grader from Long Island with torn sneakers, a runny nose, and a juvenile fascination with junk-mail get-rich-quick offers. Responding to one, he sees a small return; soon, he is running a paper empire out of a phone booth in the school hallway. Everyone from the school staff to the municipal government to the squabbling heirs of a player-piano company to the titans of Wall…
Frank Partnoy is the Adrian A. Kragen Professor of Law at UC Berkeley, where he co-runs an annual conference on financial fraud and teaches business law. He has written four trade press books (WAIT, The Match King, Infectious Greed, andF.I.A.S.C.O.), dozens of scholarly publications, and multiple articles each for The Atlantic, The New York Review of Books, Harvard Business Review, and The Wall Street Journal, as well as more than fifty opinion pieces for The New York Timesand the Financial Times. Partnoy has appeared on 60 Minutes and The Daily Show with Jon Stewart, and has testified as an expert before both houses of Congress. He is a member of the Financial Economists Roundtable and has been an international research fellow at Oxford University since 2010.
This is the oldest book on my list, a nineteenth-century compilation of lunacy of all sorts, with a focus on financial lunacy. Mackay aptly compares widespread mass delusions (think Nostradamus, or alchemy) to financial bubbles, including the frenzies surrounding the South Sea Company in England and tulip bulbs in Holland. Some scholars question the historical accuracy of Mackay’s stories, particularly about valuable tulip bulbs being accidentally eaten, but he has the money quote of all time regarding financial scandals: “Men, it has been well said, think in herds. It will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” If you want a more scholarly description of how speculative bubbles form and burst, try Charles P. Kindleberger’s Manias, Panics, and Crashes. But if you want to be shocked and entertained, read Mackay.
Charles MacKay's groundbreaking examination of a staggering variety of popular delusions, crazes and mass follies is presented here in full with no abridgements. The text concentrates on a wide variety of phenomena which had occurred over the centuries prior to this book's publication in 1841. Mackay begins by examining economic bubbles, such as the infamous Tulipomania, wherein Dutch tulips rocketed in value amid claims they could be substituted for actual currency. As we progress further, the scope of the book broadens into several more exotic fields of mass self-deception. Mackay turns his attention to the witch hunts of the 17th…
I teach the law and enforcement of corporate crime as a law professor. At the outset of the course, I tell the students that corporate crime is a problem, not a body of law. You have to start by thinking about the problem. How do these things occur? What is the psychology, both individual and institutional? What are the economic incentives at each level and with each player? What role do lawyers play? When do regulatory arrangements cause rather than prevent this kind of thing? If the locution were not too awkward, I might call the field “scandalology.” I love every one of these books because they do such a great job of telling the human stories through which we can ask the most interesting and important questions about how corporate crimes happen.
Because I was a prosecutor on the Enron case, people often ask me what to read about it (or even to explain it to them!). At the time, we used to say that Enron was calculus to every other case’s algebra when it came to corporate financial fraud. Elkind and McLean (McLean had a lot to do with questioning Enron’s narrative before the company’s decline) have done the definitive job of explaining a very hard case in accessible style and detail. The truth is that accounting fraud is a very technical form of corporate fraud, sometimes painfully so. But, as I tell my students, the people who work at companies on these kinds of things are no smarter, and often no older, than my students. They just speak a different language. Don’t let that obfuscate matters. Learn the lingo and follow the money. Smartest Guys allows the general reader to…
What went wrong with American business at the end of the 20th century?
Until the spring of 2001, Enron epitomized the triumph of the New Economy. Feared by rivals, worshipped by investors, Enron seemingly could do no wrong. Its profits rose every year; its stock price surged ever upward; its leaders were hailed as visionaries.
Then a young Fortune writer, Bethany McLean, wrote an article posing a simple question - how, exactly, does Enron make its money?
Within a year Enron was facing humiliation and bankruptcy, the largest in US history, which caused Americans to lose faith in a system…
My father was a stage magician, and I grew up looking for the gimmick behind the marvel. As a journalist, I gravitated toward true crime and the many varieties of fraud, deception, and misdirection on display in any high-stakes criminal trial. I am particularly fascinated by elaborate cons, whether they involve sideshow mitt readers, political hucksters, or cryptocurrency barons. When I found out that a century ago my hometown was the center of a Big Con operation that raked in millions, I had to learn more. The result is my book Gangbuster.
Out of all the investigative reporting that emerged from the 2008 financial meltdown, Henriques’ account of the scheme that out-Ponzied Ponzi is the book that stays with me.
The Madoff story is about brazen lies and insatiable greed, to be sure, but Henriques’ approach is nuanced, thorough, yet accessible, showing the complacency (one might say complicity) of investors and regulators, dazzled or cowed by Madoff’s magic.
How do you pull off a $65 billion scam? With a lot of help.
Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? In "The Wizard of Lies", Diana B. Henriques of "The New York Times" - who has led the paper's coverage of the Madoff scandal since the day the story broke - has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff's first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations,…
I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges. During my career at the mutual fund association I often approached issues from an historical perspective. For example: Why did Congress draft legislation in a particular way? How would past events likely affect a regulator’s decisions today? As a lawyer I had been trained to write carefully and precisely. As a lobbyist I learned the need to pre
The book does an outstanding job in describing the people and events that produced the October 1929 stock market crash in a highly entertaining style. Galbraith wrote more like a witty and insightful journalist than the award-winning economist that he was. This is a must-read for anyone who wants to learn about American financial history. The book is a model for writers who want to educate non-experts about public policy issues.
'One of the most engrossing books I have ever read' Daily Telegraph
John Kenneth Galbraith's now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.
Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.
I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges. During my career at the mutual fund association I often approached issues from an historical perspective. For example: Why did Congress draft legislation in a particular way? How would past events likely affect a regulator’s decisions today? As a lawyer I had been trained to write carefully and precisely. As a lobbyist I learned the need to pre
Allen reaches back to the post-Civil War Gilded Age to explain the beginnings of massive finance capitalism in the United States. He then goes on to take readers through the roaring 20s, the 1929 Crash, and the New Deal’s first steps at reform, The author is an entertaining writer and fun to read. He tells fascinating stories and does not bore the reader with technical explanations and statistics.
A "stimulating" account of the capitalists who changed America in the late 19th and early 20th centuries, setting the stage for the 1929 crash and Great Depression (Kirkus Reviews).
In the decades following the Civil War, America entered an era of unprecedented corporate expansion, with ultimate financial power in the hands of a few wealthy industrialists who exploited the system for everything it was worth. The Rockefellers, Fords, Morgans, and Vanderbilts were the "lords of creation" who, along with like-minded magnates, controlled the economic destiny of the country, unrestrained by regulations or moral imperatives. Through a combination of foresight, ingenuity,…
I’m fascinated by the sciences, and I love mysteries. I’m too lazy, unfocused, and poor at math, ever to have been a scientist, and I’ve never been tempted to try a career as a detective. Instead, I’ve spent my life pursuing fairytales, thrillers, ghost stories, and even horror and romance — as long as there are mysteries involved. By now I see the patterns and rhythms, and set-pieces that appear again, and again, and I can point them out to you (as long as you don’t mind knowing how the story’s been made). But I never get tired of the endless variations on this theme of finding things out.
Brilliant young scientist develops a miraculous new pain-killer. A goldmine for the pharmaceutical company! But is the serum really safe? Ann Clewiston Symonds, the scientist at the heart of this story, comes up against Big Pharma’s disdain for ethical issues, and then a car crash dumps her on the customer’s side of the counter. What follows is riveting, chilling, and still horribly relevant today. Kate Wilhelm was extremely good at telling the hard truths about sci-fi material, that sci-fi usually avoids, and this is her best.
I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges. During my career at the mutual fund association I often approached issues from an historical perspective. For example: Why did Congress draft legislation in a particular way? How would past events likely affect a regulator’s decisions today? As a lawyer I had been trained to write carefully and precisely. As a lobbyist I learned the need to pre
Professor Perino’s book explains how Ferdinand Pecora, counsel to the Senate Banking Committee, ran the explosive hearings that virtually guaranteed Glass-Steagall’s enactment. I particularly enjoyed reading about Pecora because he and the subject of my book, Carter Glass, were allies in the battle for financial reform. While Perino is a distinguished professor of law, he writes in a non-legalistic and gripping style.
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street.
In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief…
I’m a research nerd at heart. I am happiest pouring over historic newspapers online (thank you Library of Congress) or digging into a non-fiction book. The research I do for a book can be more rewarding than writing the book itself. When I read a 1933 article about a baby that would be given away as a prize during a civic fundraiser, I was hooked. What desperation would lead a parent to give away a child? Who would buy such a raffle ticket? Who thought this would be a good idea? I never did find the answers to my questions, so I made up my own.
I read this book when I was a graduate student studying journalism, but it has never stopped resonating with me. When I began to research my novel set in the Great Depression, I returned to Hard Timesand also had the good fortune to find and listen to the recordings of Terkel’s interview subjects. This book is essentially a collection of oral histories that runs the gamut of the human condition during the Great Depression: those who had everything, those who had nothing and everyone in-between. This is “person-on-the-street” journalism at its finest. The stories are mesmerizing and the voices are authentic. That is the magic of this amazing journalist who captured the voices of the world for decades.
From the Pulitzer Prize-winning author of The Good War: A masterpiece of modern journalism and "a huge anthem in praise of the American spirit" (Saturday Review).
In this "invaluable record" of one of the most dramatic periods in modern American history, Studs Terkel recaptures the Great Depression of the 1930s in all its complexity. Featuring a mosaic of memories from politicians, businessmen, artists, striking workers, and Okies, from those who were just kids to those who remember losing a fortune, Hard Times is not only a gold mine of information but a fascinating interplay of memory and fact, revealing how…
I've been fascinated by cultures shrouded in secrets and mystery since childhood, a fascination that intensified when efforts to unravel the mystery and expose the truth were stonewalled, leading to frustrating dead-ends. I spent decades trying to uncover the truth history obscures through research that included travel to the lands of secrets, mystery, and sometimes outright lies. As a writer, I draw from experience, education, and imagination because I know it's sometimes necessary to wrap truth in fiction to protect it. The books I've selected speak to that reality.
A story of characters who use hardship as a springboard to success; I was immediately pulled in by a plot told through the eyes of characters as if we were in a pub and they were sharing life lessons. The brutal honesty of how innocents get caught in the crossfires of greed and quests for power resonates. The ending is both poignant and haunting.
Jeffrey Archer's Kane and Abel is a global phenomenon that has captivated readers worldwide, spawning two sequels and dominating bestseller charts the world over.
Two strangers born worlds apart with one destiny that will define them both.
William Lowell Kane, the son of a Boston millionaire, and Abel Rosnovski, the son of a penniless Polish immigrant, are born on the same day on opposite sides of the world and brought together by fate and the quest of a dream.
Locked in a relentless struggle spanning sixty years and three generations, the two men battle for supremacy in pursuit of an…
