Fans pick 100 books like The Nature of Money

By Geoffrey Ingham,

Here are 100 books that The Nature of Money fans have personally recommended if you like The Nature of Money. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Making Money: Coin, Currency, and the Coming of Capitalism

Tim Di Muzio Author Of An Anthropology of Money: A Critical Introduction

From my list on money and capitalism from a political economist.

Why am I passionate about this?

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.   

Tim's book list on money and capitalism from a political economist

Tim Di Muzio Why did Tim love this book?

I really loved this book!

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!

By Christine Desan,

Why should I read it?

1 author picked Making Money as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of The Currency of Empire: Money and Power in Seventeenth-Century English America

Tim Di Muzio Author Of An Anthropology of Money: A Critical Introduction

From my list on money and capitalism from a political economist.

Why am I passionate about this?

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.   

Tim's book list on money and capitalism from a political economist

Tim Di Muzio Why did Tim love this book?

I would argue that the history of capitalism is also the history of money.  You can’t understand one without the other. 

The Currency of Empire is masterfully written and researched.

Why I loved this book so much is not only because it filled many gaps in my knowledge of the history of money in the United States, but also that it has a keen focus on political power and the different interests among the colonists and England. 

If you want to understand how money and monetary systems are created within relations of power this book is essential for you. Another must-read that should not be missed.

By Jonathan Barth,

Why should I read it?

1 author picked The Currency of Empire as one of their favorite books, and they share why you should read it.

What is this book about?

In The Currency of Empire, Jonathan Barth explores the intersection of money and power in the early years of North American history, and he shows how the control of money informed English imperial action overseas.

The export-oriented mercantile economy promoted by the English Crown, Barth argues, directed the plan for colonization, the regulation of colonial commerce, and the politics of empire. The imperial project required an orderly flow of gold and silver, and thus England's colonial regime required stringent monetary regulation. As Barth shows, money was also a flash point for resistance; many colonists acutely resented their subordinate economic station,…


Book cover of War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt

Tim Di Muzio Author Of An Anthropology of Money: A Critical Introduction

From my list on money and capitalism from a political economist.

Why am I passionate about this?

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.   

Tim's book list on money and capitalism from a political economist

Tim Di Muzio Why did Tim love this book?

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. 

By Kwasi Kwarteng,

Why should I read it?

1 author picked War and Gold as one of their favorite books, and they share why you should read it.

What is this book about?

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.…


Book cover of The Grip of Death: A Study of Modern Money, Debt Slavery and Destructive Economics

Tim Di Muzio Author Of An Anthropology of Money: A Critical Introduction

From my list on money and capitalism from a political economist.

Why am I passionate about this?

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.   

Tim's book list on money and capitalism from a political economist

Tim Di Muzio Why did Tim love this book?

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. 

By Michael Rowbotham,

Why should I read it?

1 author picked The Grip of Death as one of their favorite books, and they share why you should read it.

What is this book about?

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.


Book cover of Capitalism: A Conversation in Critical Theory

Richard R. Weiner Author Of Sustainable Community Movement Organizations: Solidarity Economies and Rhizomatic Practices

From my list on understanding regimes of law and political economy.

Why am I passionate about this?

Rich Weiner co-edited this featured volume with Francesca Forno. He is a political sociologist with a strong foundation in the history of political and social thought. He has served for twenty-two years as dean of the faculty of arts and sciences. His focus has been on non-statist political organizations and social movements with a perspective of middle-range theorizing enriched by three generations of Frankfurt School critical theory of society.

Richard's book list on understanding regimes of law and political economy

Richard R. Weiner Why did Richard love this book?

Wide-ranging philosophical conversation and moral critique of capitalism as an instituted social order wherein a structure of domination establishes and reinforces an entire way of life attuned to the hegemony of exchange value as well as commodity production, and their social reproduction.

I very much appreciate the book’s strategy of cogent, accessible and explorative dialogue rather than tit-for-tat debate.

By Nancy Fraser, Rahel Jaeggi,

Why should I read it?

1 author picked Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

In this important new book, Nancy Fraser and Rahel Jaeggi take a fresh look at the big questions surrounding the peculiar social form known as "capitalism," upending many of our commonly held assumptions about what capitalism is and how to subject it to critique. They show how, throughout its history, various regimes of capitalism have relied on a series of institutional separations between economy and polity, production and social reproduction, and human and non-human nature, periodically readjusting the boundaries between these domains in response to crises and upheavals. They consider how these "boundary struggles" offer a key to understanding capitalism's…


Book cover of Modern Theories of Money: The Nature and Role of Money in Capitalist Economies

Alvaro Cencini Author Of Bernard Schmitt's Quantum Macroeconomic Analysis

From my list on monetary macroeconomics.

Why am I passionate about this?

The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).

Alvaro's book list on monetary macroeconomics

Alvaro Cencini Why did Alvaro love this book?

I recommend this book to any reader interested in the possible cross-fertilization between diverse heterodox traditions in the study of money.

Bringing together perspectives from post-Keynesians, Circuitists, and the Firbourg-Dijon School, the book continues the tradition of Keynes’s and Kalecki’s analysis of a monetary production economy, emphasizing the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money.

The authors aim to open new avenues of monetary research and fuel renewed interest in the nature and role of money in capitalist economies.

By Louis-Philippe Rochon (editor), Sergio Rossi (editor),

Why should I read it?

1 author picked Modern Theories of Money as one of their favorite books, and they share why you should read it.

What is this book about?

This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic.

Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role…


Book cover of Ethics and Capitalism

Kleio Akrivou Author Of The Challenges of Capitalism for Virtue Ethics and the Common Good: Interdisciplinary Perspectives

From my list on capitalism, ethics, and the self.

Why am I passionate about this?

I have cross-disciplinary expertise (ethics and moral philosophy, philosophical anthropology and moral psychology), and my work focuses on personalist virtue ethics, moral human development, and the links between ethics and economics; I am a person who loves nature and animals, and I’m thrilled to do good work. I was educated and worked internationally, with academic degrees in different Europe countries and the USA, and 30 years of work and academic experience in Europe, the USA, and SE Asia. I live with my family near London, U.K.. I am passionate about enabling a more sustainable society that however remains rooted in human dignity and avoids instrumentalizing the person

Kleio's book list on capitalism, ethics, and the self

Kleio Akrivou Why did Kleio love this book?

I like that the economic advantages of capitalism have not been underestimated, but also that its social, economic failures (corruption, exclusion/poverty, harmfulness and hubristic behaviours, impersonalism, and environmental degradation).

A solution offered is balancing justice and productivity, is trying to fix capitalism without alienating its elites. 

By John Douglas Bishop (editor),

Why should I read it?

1 author picked Ethics and Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

Despite the great economic advantage of capitalism - that it is an efficient system of production and distribution - capitalist societies struggle with its by-products of poverty, exclusion, corruption, and environmental destruction. The essays in "Ethics and Capitalism" address the question of ensuring ethical and just societies within a capitalist system without sacrificing productivity. The introductory essay is a guide to the issues in the emerging field of ethics and capitalism, and refers to recent contributions from several disciplines. The collection as a whole evaluates the morality of capitalism by looking at its foundation in property theory, its relationship to…


Book cover of 21st Century Capitalism

Mohamed Rabie Author Of The Global Debt Crisis and Its Socioeconomic Implications: Creating Conditions for a Sustainable, Peaceful, and Just World

From my list on serving humanity and revealing misleading secrets.

Why am I passionate about this?

I am a retired professor, was raised in a refugee camp, one of a family of 9 living in one tent. studied in Palestine, Egypt, Germany, and America, have Ph.D. in economics; scholarships financed my education journey. I lived a life no human has lived or can live, because some of the times I lived had come and gone and cannot come back again. I taught at 11 universities on 4 continents, published 60 books in Arabic and English: books on economics, politics, culture, history, conflict resolution, philosophy, racism, novels, and poetry. True intellectuals cannot stay in one area because issues that shape mankind's history and man’s destiny are interconnected. 

Mohamed's book list on serving humanity and revealing misleading secrets

Mohamed Rabie Why did Mohamed love this book?

This book was published after communism collapsed. Heilbroner doubted America’s intention to reform the market system, he saw a new society emerging that does not believe in the promise of progress. Heilbroner saw the communist collapse as giving corporations the opportunity to control the economy and reshape society. As I wrote in my books, the communist system was politics’ last attempt to control economics, therefore, the collapse of communism allowed large corporations and banks to control the political process, corrupt politics, and politicians, and control global wealth. The latest report by Oxfam says that since 2020, the richest 1% of the world’s population took 63% or $26 trillion of the global wealth, leaving %37 or $16 trillion for 99% of the world’s population. 

By Robert L Heilbroner,

Why should I read it?

1 author picked 21st Century Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

"It is my hope that some grasp of what the twenty-first century holds in store for capitalism may enable us to avoid at least some of the pain we might otherwise have to endure," writes the eminent economist Robert Heilbroner in this important book on the world's economic future.


Although communism lies shattered almost everywhere it once existed, no single form of capitalism has emerged worldwide. Which of the varieties of capitalism will be hardy enough to survive into the next century? Will the private sector make way for government to redress the failures of the market system? Does the…


Book cover of A People's Guide to Capitalism: An Introduction to Marxist Economics

Michael Roberts Author Of The Long Depression: Marxism and the Global Crisis of Capitalism

From my list on love and capitalism.

Why am I passionate about this?

Marxian Economics and its relevance to a better world and socialism has been my passion since I became an adult. My expertise in this subject, such as it is, has been sharpened by the study of Marx and Engels’ great works, but also by the efforts of so many others since; some of whom are included in my five best books. But above all, it is the knowledge that in this world of nearly 8 billion people, most do not have a happy and fulfilling life but face daily toil and struggle to live (and die). Humanity has the power and technology to do better; we just need to organise our social and governmental structures to achieve it.

Michael's book list on love and capitalism

Michael Roberts Why did Michael love this book?

A People’s Guide is just a lively, accessible, and up-to-date guide to the basics of capitalism. Hadas Thier explains complex ideas in a simple and engaging way with excellent day-to-day examples. It’s economics for those who want to understand and dismantle the world of the 1%. And it’s written not from an academic but from an activist viewpoint.

By Hadas Thier,

Why should I read it?

1 author picked A People's Guide to Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the "experts."

Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory.


Book cover of Reimagining Capitalism in a World on Fire

Sarah Kaplan Author Of The 360° Corporation: From Stakeholder Trade-Offs to Transformation

From my list on stakeholder capitalism.

Why am I passionate about this?

Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.

Sarah's book list on stakeholder capitalism

Sarah Kaplan Why did Sarah love this book?

If we want to reimagine capitalism as a system that does not destroy the planet and destabilize society, this must be enabled by corporations changing the way that they operate. Henderson’s Reimagining Capitalism gives us some principles for thinking about how to do this. A long-time innovation scholar, Henderson draws on her knowledge about how to succeed at organizational change to propose a more purpose-driven model of corporate action. Using numerous case studies of companies that have (partially) succeeded and those that have failed, she animates a number of principles for change. To start, such a model will require new metrics for social and environmental impact. This would involve more collaborative engagement amongst stakeholders to grow the economic pie and amongst companies to self-regulate in a more sustainable manner.

Particularly refreshing, at the end of the book, Henderson connects the macro conversation about economic and corporate change with a discussion…

By Rebecca Henderson,

Why should I read it?

2 authors picked Reimagining Capitalism in a World on Fire as one of their favorite books, and they share why you should read it.

What is this book about?

A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation.
Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short.

Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around…


Book cover of Making Money: Coin, Currency, and the Coming of Capitalism
Book cover of The Currency of Empire: Money and Power in Seventeenth-Century English America
Book cover of War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt

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Money 84 books
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