Here are 100 books that The Currency of Empire fans have personally recommended if you like
The Currency of Empire.
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I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
Desan’s work filled multiple gaps in my knowledge regarding the historical circumstances that contributed to modern money.
In my view, it is the best and most comprehensive book for anyone who wants to know how we arrived at current monetary arrangements. The research and writing are masterful, comprehensive, and there are many ‘oh my, I didn’t know that’ moments.
A real eye-opener and an essential read for anyone interested in money, finance, and the emergence of capitalism.
Easily the best and most authoritative book since Dickson’s The Financial Revolution In England – a must-read!
Money travels the modern world in disguise. It looks like a convention of human exchange - a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself - along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money's design brought capitalism to England. For centuries, the English government…
I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
Gold has fascinated humanity for a considerable swathe of history, and it continues to do so today.
I saw this book online and immediately had to get it. I already knew that the creation of modern money as debt was fundamentally rooted in war and geopolitics, but I did not know the extensive history of how gold and war were interconnected over 500 years.
I think that this is a captivating study for anyone who is interested in the links between war, gold, and geopolitical capitalism.
A fascinating and essential read for explaining how we arrived at where we are today.
The world was wild for gold. After discovering the Americas, and under pressure to defend their vast dominion, the Habsburgs of Spain promoted gold and silver exploration in the New World with ruthless urgency. But, the great influx of wealth brought home by plundering conquistadors couldn't compensate for the Spanish government's extraordinary military spending, which would eventually bankrupt the country multiple times over and lead to the demise of the great empire. Gold became synonymous with financial dependability, and following the devastating chaos of World War I, the gold standard came to express the order of the free market system.…
I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
This book was a real eye-opener and can be considered seminal across the social sciences for its breadth and depth of analysis on money.
I loved this book because it filled so many gaps in my knowledge. I was drawn to it because I once asked my professor how new money was generated and he said he knew but he forgot.
This made me think that money might not be all that important to understanding capitalism. Alas, I was dead wrong of course and returned to my question years later.
That’s how I found Professor Ingham’s book. I still have comprehensive notes from his work and consult them regularly.
This book is essential for anyone who wants to understand the past and present of money.
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the 'social relation' of money. * Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences * An original development of the neglected heterodox theories of money * New histories of the origins and development of forms of money and their social relations of production in different monetary systems * A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social…
I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
I love this book because it was a real eye-opener on par with Ingham’s work.
I discovered the book when I was researching my book with Richard Robbins. In my view it is a foundational book that should be read by all those interested in money, debt, and capitalism.
I really like Rowbotham’s analysis and cutting critique of the current monetary system. He begins the book by asking: if virtually every nation in the world is in debt, who is the money owed to?
From there the adventure begins as he unravels how modern money is created. If you thought that when you borrowed from a bank you were borrowing the money of other depositors, think again!
A wonderful read that will get you thinking about alternatives to a capitalism founded on debt money.
A lucid and original account of where money comes from and why most people and businesses are so heavily in debt. It explodes more myths than any other book this century, yet it's all about subjects very close to home: mortgages, building societies and banks, agriculture, transport, global poverty, and what's on the supermarket shelf. The author proposes a new mechanism for the supply of money, creating a supportive financial environment and a decreasing reliance on debt.
I am a retired professor of History and International Political Economy. Unraveling knotted masses of string was a relaxing, enjoyable activity for me while growing up. As a historian, I continue to pick apart entangled matters, particularly about capitalism as a complex system. Networks give structure to complex systems, and I find networked merchants in the modern era (ca. 1500- 1945) especially fascinating to study. Who were they? How did they create opportunities and work across borders and cultures? How did they work around adversities? How did they both perpetuate and diversify their networks? How did they link to and collaborate with one another? How do networks evolve?
I gravitate to this work because it demonstrates how messy trade circuits can be, emerging more organically than by design. British merchants didn’t just do business with British colonists in the Americas; ditto Dutch merchants with folks in Dutch possessions (and ditto every other imperial power that thought it had exclusive commercial dibs on its own colonies).
Nope, don’t worry about those mercantilist strictures: networked Dutch and British merchants found ways to collaborate across boundaries and across cultures in the colonial era, from New York to the Caribbean to Suriname—and the slave trade was no small part of their motivation.
Throughout history the British Atlantic has often been depicted as a series of well-ordered colonial ports that functioned as nodes of Atlantic shipping, where orderliness reflected the effectiveness of the regulatory apparatus constructed to contain Atlantic commerce. Colonial ports were governable places where British vessels, and only British vessels, were to deliver English goods in exchange for colonial produce. Yet behind these sanitized depictions lay another story, one about the porousness of commercial regulation, the informality and persistent illegality of exchanges in the British Empire, and the endurance of a culture of cross-national cooperation in the Atlantic that had been…
The Spirit of Capitalism: Nationalism and Economic Growth is the second volume of my nationalism trilogy. When I published the first volume,Nationalism: Five Roads to Modernity, the accepted view on the subject of nationalism was that it is a product of economic development, specifically, of industrialization and capitalism. On the basis of historical evidence, I proved that its emergence had nothing to do with these economic phenomena: in fact, it preceded both. Reviews of Nationalism, noting that, for this reason, economic developments could not have caused nationalism, raised the question what relationship, then, did exist between nationalism and the economy, and this led me to investigate it.
The Wealth of Nations is the foundational text of modern economics, reflecting – contrary to the common notion – the clearly national consciousness of its author and demonstrating that modern economic imagination (and activity) is a product of nationalism.
Its nationalist inspiration is the main reason I recommend reading it, for the commonplace interpretations of this classic miss this most interesting aspect of the work. In addition, it is a delightful text.
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free trade, free markets, and limited government.
Criticizing mercantilists who sought to use the state to increase their nations’ supply of precious metals, Smith points out that a nation’s wealth should be measured by the well-being of its people. Prosperity in…
I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
This book is a classic and a pleasure to read. If you like Natalie Zemon Davis, you will like Joyce Appleby. It is a terrific introduction to the fascinating world of early modern economic thought and solidifies the importance of mercantilist thought in the era of power and plenty and ships of the line.
The Spirit of Capitalism: Nationalism and Economic Growth is the second volume of my nationalism trilogy. When I published the first volume,Nationalism: Five Roads to Modernity, the accepted view on the subject of nationalism was that it is a product of economic development, specifically, of industrialization and capitalism. On the basis of historical evidence, I proved that its emergence had nothing to do with these economic phenomena: in fact, it preceded both. Reviews of Nationalism, noting that, for this reason, economic developments could not have caused nationalism, raised the question what relationship, then, did exist between nationalism and the economy, and this led me to investigate it.
Mercantilismis the classical historical discussion of the early expression of economic nationalism when it was a form of protectionism.
It is essential background reading for anyone interested in economic history. I recommend it among other things because without this background one cannot appreciate the position of Adam Smith in the Wealth of Nations, usually identified with the criticism of mercantilism, which he nevertheless defends when it advances British national interest.
My grandfather was a labour activist in Hull in the UK and my father had many classic labour texts such as the book by Tressell, listed below. That got me interested in the world of work and later more specifically in managing people. I moved from studying economics to employment relations /human resource management. Given that most of us (workers) spend 80,000 hours of our lives at work - more time than we are likely to spend on any other activity during our lifetimes - how we spend these lives has remained a source of fascination
It was on the shelf at home (a big red covered book with very small print!) and is very much seen as a classic of working-class literature.
Tressell wrote this semi-autobiographical account of his time as a housepainter and presented the workers as philanthropists who work desperately hard to enable profits for the bosses. The book was rejected by publishers in his lifetime and only published after his death, his daughter having saved the book from his desire to burn it after rejection from several publishers.
The Ragged Trousered Philanthropists is a classic representation of the impoverished and politically powerless underclass of British society in Edwardian England, ruthlessly exploited by the institutionalized corruption of their employers and the civic and religious authorities. Epic in scale, the novel charts the ruinous effects of the laissez-faire mercantilist ethics on the men, women, and children of the working classes, and through its emblematic characters, argues for a socialist politics as the only hope for a civilized and humane life for all. This Wordsworth edition includes an exclusive foreword by the late Tony Benn.
As a Professor of Economic History at the Oxford University, I taught the history of economic thought and wrote articles and a book in the field (The Nobel Factor).I love the limpid style and encompassing view of the classical economists (the first century after Smith). Their literary and academic styles have been abandoned, but they still have a great deal to teach. The role of land and natural resources as a factor of production in their theory has become relevant again as the environment comes under pressure. I also published in several other fields. My latest book is Understanding the Private-Public Divide: Markets, Governments and Time Horizons (2022).
Despite its austere title and exterior, this may be the best book ever written in the history of economic thought.
At its heart is the debate between defenders of fiat money and adherents of the gold standard during the Napoleonic wars in Britain, and some decades afterwards. This debate set the parameters of monetary discourse from that day to this – whether money should serve the economy or vice versa.
Written with unmatched clarity, precision, and penetration.
In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.
