100 books like Stuff and Money in the Time of the French Revolution

I remember traveling in Europe as a teenager in the early 1980s, before ATMs and euros, when American Express traveler’s checks allowed me to pay for room and board across a succession of sovereign states.

Booker ends his book where I started my personal monetary journey, telling the fascinating history of how (mostly British) tourists paid their way across Europe and North America, using such strange devices as circular notes and early incarnations of the traveler’s check. The book includes numerous color plates of these pieces of paper, issued by Thomas Cook, Lloyds Bank, and even American Express! I also learned about how far the pound sterling counted as a coin of the world and not just a coin of the realm (answer: not as far as I thought!).

Before Valenze published this book, she had mostly written about people—religious visionaries, working-class women, and the like. Since this book appeared in 2006, she has focused on things—specifically milk and, as seen through the eyes of Thomas Malthus, the food that sustains populations.

This book is where these two foci meet, and the book has deeply informed my own work on money and the way I teach British history to my students. My main takeaway from the book is Valenze’s claim that Britain “detoxified” money toward the end of the eighteenth century. Around this time, moralists found cause to focus on its redemptive capacity and shifted their chagrin from money itself to its abuse. Money, she argues, became a measure of status, a judicial incentive (in the form of rewards for wanted criminals), and a vehicle of philanthropy–emerging, alongside the Enlightenment, as “a universal instrument of personal agency.”

When I got wind of this book, I had just finished writing a book about gold and money in Britain from the 1750s to the 1850s. Although I knew about the long history of British money prior to the 1750s and also about its complicated history down to the present, I jumped at the chance to read the whole story laid out between two covers. Blaazer deftly accomplishes this task, with a special focus on the strikingly different paths that money took in Britain’s three corners of Ireland, Scotland, and England (not so much on Wales, as is so often the case in such histories!).

How a country manages its money, it turns out, says much about how it governs its people—ranging from willful indifference in Ireland to consistent policies in England and Scotland that favored the wealthy (and especially the bankers) over the middling classes. A final advantage of… show more.

Although this book is ostensibly about risk, none of Levy’s fascinating case studies stray far from money. Indeed, one of his central claims is that modern capitalism transforms risk into a financial calculation, whereby money’s fluid nature can be employed to divert uncertainty in different directions. Although the goal in such transactions is always to contain risk, the reality (as brilliantly recounted by Levy) is far less certain.

I read this book immediately after writing about the history of British life insurance, and most of these cases (about insuring slave ships, African-American savings, farm mortgages, and the stock market, among others) reinforced the lessons I had learned about the Quixotic and hubristic nature of risk management. The upshot of the book is that, over the course of America’s long nineteenth century, the rich got richer, and the poor got empty promises. Its brilliance lies in the relish with which Levy… show more.

God and Money is primarily a guide to giving. Still, it is also a testimony of how the authors, while attending Harvard, became conflicted about their extravagant lifestyles and convicted of the need to give more. In other words, something enjoyable and unique about the book is that the authors discuss finances, but it is also their story.

They also use modern-day case studies and practical ways to apply the Bible’s teaching. They followed up with True Riches, pride to gratitude, coveting to content, anxiety to trust, and indifference to love are the chapter topics.

Digital Gold is a solid early history of Bitcoin, mainly from the perspective of the startups trying to make it work in the world. 

Nathaniel Popper, who was for years The New York Times’ cryptocurrency guy, manages to go out and recreate a bunch of early scenes from Bitcoin history, and some of those moments are pretty memorable: Like when a bunch of rich guys were passing around 10,000 bitcoin from mobile phone to mobile phone as they all tried it out for the first time. 

It’s mostly missing the miners and the deep cypherpunks, but it does walk you through the people who have taken Bitcoin from The Silk Road out onto main street.

Most money books are full of get-rich-quick schemes and bad advice. This one goes to the root of why we make good or bad financial decisions.

I have a tendency to overlook the business side of writing, and this book helped me see why that might be and do something about it. Everyone has strong feelings about money: this book helped me get mine under control and in perspective, which enables me to write better and publish the books I want to publish.

So this book only has one chapter on cryptocurrency (and it dismisses it), but it’s still a worthwhile addition to this list, and here’s why:

Money does a great job showing readers what a protean thing money really is and has always been. Every time money is about to make a giant change in human history, people think that change is completely crazy and will never work. And then it happens, and before long people seem to believe that money could have never worked any other way.

Does it sound relevant now?

While Goldstein eloquently explains and then dismisses Bitcoin in these pages (in fact, it’s one of the best dismissals I’ve ever read), it’s still a worthy entry for anyone who wants to wrap their heads around why so many people have invested so much in fundamentally changing how money works here in the 21st Century.

Once you know… show more.

This book – a copy is free at hathitrust.org – shows how some truths about money are eternal. 

It is the first personal finance guide written for women but its advice is still valid – ‘high interest is another name for bad security’ ‘Do not put all your money into one concern’ ‘the Broker [you employ] should be of high standing and respectability’ ‘place the money…in the bank at interest [or] put it into the Funds’. And it is a model of clear writing. I loved it.

The Cryptopians covers basically the same ground as The Infinite Machine, but in much, much more detail. 

Shin very much sets out to dig the skeletons out of the closet from the earliest days of the Ethereum adventure. 

The thing you have to understand about how Ethereum started is this: A 19-year-old gawky immigrant kid who was completely conflict averse came up with the vision. A bunch of moderately rich guys and hacker types heard his ideas and saw money start to burst out of their eyeballs. They all moved into a house together and tried to build it and a lot of personal rivalries and drama ensued. 

Then there were a couple of gigantic early screw-ups that nearly sank the whole thing. 

Shin goes through it all blow by blow. There are a lot of “he said/she said” sort of moments in the book.

One of the wildest things… show more.