Here are 72 books that The Code of Capital fans have personally recommended if you like
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I first got interested in how markets really work when I wrote my Ph.D. dissertation on the “deregulation” movement in the United States, Western Europe, and Japan. I quickly discovered that deregulation never happened in the literal sense. In most cases, governments had to increase regulation to enhance market competition. They needed more rules to get “freer” markets. This sounds paradoxical at first, but it really isn’t. It makes perfect sense once you realize that markets do not arise spontaneously but rather are crafted by the very visible hand of the government. So I took that insight and I have been running with it ever since.
McMillan offers a highly readable and concise book on how economists understand market institutions.
I love to assign this book to my undergraduate students because McMillan makes sense of some fairly complex topics, such as auction design. And he covers a wide range of topics of current interest, such as corporate governance and intellectual property rights.
From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions work? How important are they? How can we improve them?"
Taking us on a lively tour of a world we once took for granted, John McMillan offers examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market in the Netherlands to the global trade in AIDS drugs. Eschewing ideology, he shows us that…
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.
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.
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.
I have been an activist working on issues relating to human rights and youth protection for over fifteen years and during that time I worked as a lawyer and was lucky enough to make films and write two novels. Eventually, I would concentrate solely on activism and my reading would become very specific and as the focus of my activism changed and I directed my energies to corporate accountability my reading changed course again. The list I offer is from talented writers on important subjects, all write extremely well about things that matter to a human rights activist.
Many human rights activists have to be focused intensely on the events of today and the consequences for tomorrow, this often allows little time for broader reading. Lynn Hunt offers a detailed and very readable analysis and argument of the history and development of contemporary human rights. I found all of her book illuminating and the connections she described eye-opening.
How were human rights invented, and how does their tumultuous history influence their perception and our ability to protect them today? From Professor Lynn Hunt comes this extraordinary cultural and intellectual history, which traces the roots of human rights to the rejection of torture as a means for finding the truth. She demonstrates how ideas of human relationships portrayed in novels and art helped spread these new ideals and how human rights continue to be contested today.
I have been an activist working on issues relating to human rights and youth protection for over fifteen years and during that time I worked as a lawyer and was lucky enough to make films and write two novels. Eventually, I would concentrate solely on activism and my reading would become very specific and as the focus of my activism changed and I directed my energies to corporate accountability my reading changed course again. The list I offer is from talented writers on important subjects, all write extremely well about things that matter to a human rights activist.
Baldwin writes both fiction and non-fiction beautifully and intimately and if you don’t know his non-fiction work then this is a very good place to start. Across a number of essays, he elegantly sets out the deep struggle faced by Black Americans and articulates how a different humanity, in America and beyond, and a different future can be realized.
#26 on The Guardian's list of 100 best nonfiction books of all time, the essays explore what it means to be Black in America
In an age of Black Lives Matter, James Baldwin's essays on life in Harlem, the protest novel, movies, and African Americans abroad are as powerful today as when they were first written. With films like I Am Not Your Negro and the forthcoming If Beale Street Could Talk bringing renewed interest to Baldwin's life and work, Notes of a Native Son serves as a valuable introduction.
Written during the 1940s and early 1950s, when Baldwin was…
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.
I was in my first year of college when I witnessed (via news reports) the “Battle of Seattle,” where anti-globalization protestors shut down a negotiating round of the World Trade Organization.
Watching the news from Seattle made me want to study the politics of the international economy. Seattle seems to have had a similarly big impact on Slobodian since it pops up in the introductory and concluding chapters of Globalists.
Slobodian’s book tells the story of how a group of dissident economists and lawyers, mainly centered in Geneva, rewrote the postwar international rules to legally “encase” market-based transactions. This effort, which included the creation of the WTO in 1995, made markets more seamlessly globalized. But it also put the increasingly powerful market forces beyond democratic mechanisms of regulation and control, spurring backlash.
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 have been an activist working on issues relating to human rights and youth protection for over fifteen years and during that time I worked as a lawyer and was lucky enough to make films and write two novels. Eventually, I would concentrate solely on activism and my reading would become very specific and as the focus of my activism changed and I directed my energies to corporate accountability my reading changed course again. The list I offer is from talented writers on important subjects, all write extremely well about things that matter to a human rights activist.
Professor Glaube leads us, from his own observations, and those of James Baldwin, through the precarity and failings of modern America. For someone that is new to living in the country and to the details and nuances of its history, it completely opened my mind. It is also beautifully written and though the content is challenging and uncomfortable, it is a joy to read.
NEW YORK TIMES BESTSELLER • “A powerful study of how to bear witness in a moment when America is being called to do the same.”—Time
James Baldwin grew disillusioned by the failure of the civil rights movement to force America to confront its lies about race. What can we learn from his struggle in our own moment?
One of the Best Books of the Year: Time, The Washington Post, Chicago Tribune • One of Esquire’s Best Biographies of All Time • Winner of the Stowe Prize • Shortlisted for the Goddard Riverside Stephan Russo Book Prize for Social Justice
I have been an activist working on issues relating to human rights and youth protection for over fifteen years and during that time I worked as a lawyer and was lucky enough to make films and write two novels. Eventually, I would concentrate solely on activism and my reading would become very specific and as the focus of my activism changed and I directed my energies to corporate accountability my reading changed course again. The list I offer is from talented writers on important subjects, all write extremely well about things that matter to a human rights activist.
For those who want to think big and envisage large systemic change. Gaddis is one of the great military historians and he writes with fluency and adventure. In this book, which is a joy to read, he examines leadership, vision, and decision-making from the perspective of a number of great leaders in history and how they faced crucial turning points.
A master class in strategic thinking, distilled from the legendary program the author has co-taught at Yale for decades
For almost two decades, Yale students have competed for admission each year to the "Studies in Grand Strategy" seminar taught by John Lewis Gaddis, Paul Kennedy, and Charles Hill. Its purpose has been to prepare future leaders for responsibilities they will face, through lessons drawn from history and the classics. Now Gaddis has distilled that teaching into a succinct, sharp and potentially transformational book, surveying statecraft from the ancient Greeks to Franklin D. Roosevelt and beyond. An unforgettable guide to the…
I first got interested in how markets really work when I wrote my Ph.D. dissertation on the “deregulation” movement in the United States, Western Europe, and Japan. I quickly discovered that deregulation never happened in the literal sense. In most cases, governments had to increase regulation to enhance market competition. They needed more rules to get “freer” markets. This sounds paradoxical at first, but it really isn’t. It makes perfect sense once you realize that markets do not arise spontaneously but rather are crafted by the very visible hand of the government. So I took that insight and I have been running with it ever since.
Well for one thing, firms might prefer to collude rather than to compete, if given the choice. So we need antitrust policy to make them compete.
Philippon surveys developments over the past few decades, demonstrating how the United States has weakened antitrust policy and enforcement while Europe has strengthened it.
He also looks at particular sectors, with a particularly compelling chapter on how the U.S. financial sector has grown without delivering more value to consumers and investors.
A Financial Times Book of the Year A ProMarket Book of the Year
"Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so." -Martin Wolf, Financial Times
"In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It's great for those corporations-and bad for almost everyone else." -David…
I was trained in physics and applied mathematics, but my mother—a teacher of literature and history—secured a place for the humanities in my intellectual luggage, and I finally ended up in the social sciences. One of my first encounters with economics was John Nash’s theory of bargaining, illustrating how a wealthy person will gain more from a negotiation than a pauper, thus reinforcing inequality and leading to instability. Decades later, I returned to this problem and found that relatively little had still been done to analyze it. I believe that a combination of mathematical tools and illustrations from history, literature, and philosophy is an appropriate way of approaching the complex of inequality.
This is a rich sourcebook on the emergence of inequality in human prehistory and history.
The authors move effortlessly across cultures from the entire globe, basing their analysis on written records, where possible, or archeological data such as buildings, art, tools, and bones. They confirm my own view that inequality is ubiquitous and that there is a tendency for it to grow over time, irrespective of the environment.
Political or religious elites have always tried to expand their power at the expense of the common man or woman, using myths about divine descent or other means of persuasion, and the majority has more or less successfully resisted such attempts.
For an armchair social scientist like myself, this wealth of data is tremendously valuable.
Our early ancestors lived in small groups and worked actively to preserve social equality. As they created larger societies, however, inequality rose, and by 2500 bce truly egalitarian societies were on the wane. In The Creation of Inequality, Kent Flannery and Joyce Marcus demonstrate that this development was not simply the result of population increase, food surplus, or the accumulation of valuables. Instead, inequality resulted from conscious manipulation of the unique social logic that lies at the core of every human group.
A few societies allowed talented and ambitious individuals to rise in prestige while still preventing them from becoming…
I was trained in physics and applied mathematics, but my mother—a teacher of literature and history—secured a place for the humanities in my intellectual luggage, and I finally ended up in the social sciences. One of my first encounters with economics was John Nash’s theory of bargaining, illustrating how a wealthy person will gain more from a negotiation than a pauper, thus reinforcing inequality and leading to instability. Decades later, I returned to this problem and found that relatively little had still been done to analyze it. I believe that a combination of mathematical tools and illustrations from history, literature, and philosophy is an appropriate way of approaching the complex of inequality.
A favorite message from the economic profession is that free trade is good for everyone, and that those who do not agree are either misguided or defending vested interests of their own. In this book, Williamson shows that this view is false.
The welfare gap between the West and the rest of the world developed during the 19th and 20th centuries in large part because of trade-induced division of labor that led to de-industrialization, increased inequality, and volatile revenues in the losing countries—factors that all contributed to retarding economic growth and social development in countries that are now poor.
More recently, the free movement of capital has had similarly negative effects on developing and emerging economies, a fact that is now recognized also in organizations such as the IMF.
How the rise of globalization over the past two centuries helps explain the income gap between rich and poor countries today.
Today's wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order—two hundred years in the making—was already characterized by a vast difference in per capita income between rich and poor countries and by the fact that poor countries exported commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading economic historian Jeffrey G. Williamson traces…
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