Fans pick 100 books like The Making of the Indebted Man

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.

Charles Beard’s Economic Interpretation of the Constitution of the United States is a passionate, and passionately polemical, work of history devoted to the circumstances in which the young American republic, founded in 1776, was overthrown a decade later by a new, federal system of government. 

The driving force for this counter-revolution, according to Beard, himself an important figure in early twentieth-century progressive politics, was the anxious attempt of “our most considerate and virtuous citizens,” in the words of founding father James Madison, to protect their property – and, most crucially, their control over the money supply – from populist insurgents determined to democratize control over, both, the polity and the economy.

Eugene Genovese was the most brilliant of a talented generation of scholars whose studies of New World slavery have since been largely deposed by a far more simplistic, black-and-white (pun intended) version of the same. 

Genovese’s magnum opus, Roll, Jordan, Roll, offers an unsparing view of a reality in which neither master nor slave “could express the simplest human feelings without reference to the other,” an especially intimate form of class rule which struck a compelling contrast to the anonymity of the wage nexus increasingly prevalent in the Northern states. 

These dialectics played out in a continual, if asymmetric, power struggle at the heart of plantation life, where the economy could not be separated out from racial, sexual, religious, and ideological experience, again, in stark contrast to the liberal division of social life into autonomous spheres of existence.

Jeffrey Sklansky is that rare academic with a writer’s literary imagination, which serves the reader well in engaging The Soul’s Economy, a riveting and dense intellectual history of the market’s emergence as the organizing principle of not only economic life, but of a distinctly new moral sensibility between 1820 and 1920. 

Sklansky explores this far-reaching turn of events through a series of dedicated readings of America’s leading philosophers and pundits of the times, ranging from Ralph Waldo Emerson to John Dewey, who collectively recast the pursuit of wealth into an ethic of personal rectitude and even the source of society’s general welfare.

Folks familiar with the term “neoliberalism” usually describe it as the economic system that tries to unleash the market by getting the government out of the way. I like Globalists because it shows how unleashing the market demands that government gets in the way—of workers’ rights, movements for equality, and, most ominously, democracy itself. Since it’s impossible to understand fascism without tackling capitalism, a book explaining how we got to today’s market principles is vital.

I see this book as a history of the neoliberal economists who encouraged political leaders to use state violence and repression to unleash free trade and shape the global economy. Globalists tell the story of how modern capitalism developed into today’s vast landscape of inequality that makes a fertile ground for fascism and violent extremism to develop.

I love the way he explores the interplay between economic ideas and political institutions that culminated in the triumph of market forces in the aftermath of the Cold War. Yet, Gerstle’s most interesting insights lie at the end of the book as he classifies Trump and Modi as ethnonationalist leaders of the same feather as China’s Xi Jinping and Russia’s Vladimir Putin.

Globalisation, however, has not necessarily reached its end, as it may simply be reframed to fit a world whose shape has yet to be defined.

In addition to its excellent coverage of the economics of this transformation, its historical account of the shift in class partnerships makes a unique contribution to our understanding of the period. In the Golden Age of the previous period Big Business maintained a fraught alliance with its unions willing to pay growing wages closely aligned with labor productivity growth with the grudging acceptance of higher taxes and regulations of the Keynesian era leaving small business to fend for itself. Once Japan and Germany reindustrialized creating a more competitive economic landscape Kotz describes the full-blown class warfare identified by Buffet as Big Business realigned with small business to fight for cuts to its wages, taxes, regulatory costs and unions, and progressive politics.

The style of this book is clear, direct, and energetic.

Bensaid's book addresses the ideas of Karl Marx, demonstrating their continuing relevance in the contemporary world. It explores how Marx's theories can be applied to analyze and understand the complex dynamics of capitalist societies, making it a valuable resource for those seeking insights into our time's economic, social, and political issues.

As a writer, Adorno learned much from music–both what it says and what it fails to say. Each page is packed with enough ideas to inspire a dozen discussions.

For me, philosophy makes the most sense in this "continental" (as opposed to "analytic") style. The fragmentary, anti-systemic approach developed from the Early German Romantics, extending through Friedrich Nietzsche down to the poststructuralists.

Although falling short of the grandeur of his magnum opus, Negative Dialectics, Adorno’s most accessible book maintains a keen critical edge alongside an appealing balance between clarity and richness––reason and imagination. 

White argues it isn’t enough for environmentalists to simply point a finger at oil drillers and multinational corporations. He instead interrogates how greater humanity has maintained an elusive system of stints and bypasses for what he calls a Barbaric Heart. As citizens of Nature, White maintains we fail ourselves in numerous ways. We call upon the rhetoric and logic of technical, scientific, and bureaucratic systems even though we suspect they might have caused the problem in the first place. 

He points to the value of redefining work into vocations, of reconsidering what we principally consider to be holy and beautiful, and of directing our large brains toward expanding the project of Being rather than the GDP. Like Nietzsche, White believes the purpose of thought is not to locate Truth but rather to make it ever less convenient to lie to ourselves and live in perpetual dishonesty. White doesn’t spoon-feed us… show more.