100 books like The Passions and the Interests

By Albert O. Hirschman,

Here are 100 books that The Passions and the Interests fans have personally recommended if you like The Passions and the Interests. Shepherd is a community of 10,000+ authors and super readers sharing their favorite books with the world.

Shepherd is reader supported. When you buy books, we may earn an affiliate commission.

Book cover of The Great Transformation: The Political and Economic Origins of Our Time

Michael Zakim Author Of Accounting for Capitalism: The World the Clerk Made

From my list on modern capitalist economy.

Why am I passionate about this?

As both a scholar and a citizen I have spent my adult life seeking to better understand the dynamics of power, especially power wielded in flagrantly unjust fashion in societies otherwise founded on notions of life, liberty, and happiness for all. This has led me to study the history of the economy, not just as a material but as a cultural system that encodes the categories of modern life:  self and society, private and public, body and soul, and needs and desires.

Michael's book list on modern capitalist economy

Michael Zakim Why did Michael love this book?

The Great Transformation, in which Karl Polanyi explores “the political and economic origins of our time,” is arguably the most important history of the economy ever written. 

Polanyi published his study during the dark times of the twentieth century in an attempt to trace the origins of modern fascism (a task that has lost none of its relevance in the twenty-first century). He located those origins in the industrial transformation of land, labor, and money – the foundations of social existence – into full-fledged commodities, that is to say, into ephemeral vehicles of profit. 

The resulting market society, touted by liberals as the source of universal freedom and equality, brought personal and communal disaster for those less advantageously positioned to compete in the new economy. The price, Polanyi argues, has been catastrophic.

By Karl Polanyi,

Why should I read it?

11 authors picked The Great Transformation as one of their favorite books, and they share why you should read it.

What is this book about?

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.


Book cover of The Black Swan

Roger W. Hoerl Author Of Statistical Thinking: Improving Business Performance

From my list on AI and data science that are actually readable.

Why am I passionate about this?

As a professional statistician, I am naturally interested in AI and data science. However, in our current information age, everyone, in all segments of society, needs to understand the basics of AI and data science. These basics include such things as what these disciplines are, what they can contribute to society, and perhaps most importantly, what can go wrong. However, I have found that much of the literature on these topics is highly technical and beyond the reach of most readers. These books are specifically selected because they are readable by virtually everyone, and yet convey the key concepts needed to be data-literate in the 21st century. Enjoy!

Roger's book list on AI and data science that are actually readable

Roger W. Hoerl Why did Roger love this book?

A “Black Swan” is a highly unlikely event that occurs with massive consequences. Think of 9/11 or the astonishing success of Google or Amazon.

The main issue relative to Black Swans, as explained by Talib, is that after the fact people are drawn to concocting detailed explanations that make them seem less random, and more predictable. In other words, people develop causal explanations that are completely wrong, but sound reasonable, and will then use them to predict the future.

In the words of Nate Silver, they invent a “signal” to explain what is in reality “noise.” These explanations also create a false sense of security about our ability to predict future events. In short, we fool ourselves into thinking that we know more than we actually do.

By Nassim Nicholas Taleb,

Why should I read it?

7 authors picked The Black Swan as one of their favorite books, and they share why you should read it.

What is this book about?

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”

A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions…


Book cover of Tristram Shandy

William Caferro Author Of Petrarch's War: Florence and the Black Death in Context

From my list on economic history and testing assumptions.

Why am I passionate about this?

I began this veil as a mathematics major and a first generation college student. It was not easy and I had no great plans or ambitions. I was good at math. But as I read books like these, and many others, I changed my horizons altogether, saw a place for myself and a purpose previously lacking. Economic History resembles my first love of math, but with persons and human behavior included. The latter is endlessly fascinating, as is the tendency of “experts” to misread and make broad assumptions that I, ever skeptical, wish to test where I can. I like being engaged intellectually for its own sake, and, from books like Tristram Shandy, have always endeavored to take my work seriously, but not myself as a human being.

William's book list on economic history and testing assumptions

William Caferro Why did William love this book?

It is a novel and a prolonged non-sequitur about life and worldly existence that speaks to me both as a person and as a professional. I read it in college and was astounded by the psychological depth and whimsy. “A cock and bull story, but one of the best…I have ever heard.” I think of that line from Sterne when I write my own work or read others; 

By Laurence Sterne,

Why should I read it?

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

What is this book about?

With a new Introduction by Cedric Watts, Research Professor of English, University of Sussex.

Laurence Sterne's The Life and Opinions of Tristram Shandy, Gentleman is a huge literary paradox, for it is both a novel and an anti-novel. As a comic novel replete with bawdy humour and generous sentiments, it introduces us to a vivid group of memorable characters, variously eccentric, farcical and endearing. As an anti-novel, it is a deliberately tantalising and exuberantly egoistic work, ostentatiously digressive, involving the reader in the labyrinthine creation of a purported autobiography.

This mercurial eighteenth-century text thus anticipates modernism and postmodernism. Vibrant and…


Book cover of The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

Liah Greenfeld Author Of The Spirit of Capitalism: Nationalism and Economic Growth

From my list on the relationship between capitalism and nationalism.

Why am I passionate about this?

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. 

Liah's book list on the relationship between capitalism and nationalism

Liah Greenfeld Why did Liah love this book?

This book is a rare attempt by an eminent economic historian to examine cultural determinants of economic growth and answer the question why it happens, which distinguishes it sharply from the discipline’s exclusive focus on how it proceeds.

Landes, in other words, disentangles the explanation of causes from the preoccupation with the process, which is why I recommend this book.

By David S. Landes,

Why should I read it?

4 authors picked The Wealth and Poverty of Nations as one of their favorite books, and they share why you should read it.

What is this book about?

Now that the old division of the world into the two power blocs of East and West has subsided, the great gap in wealth and health that separates North and South remains the single greatest problem and danger facing the world of the Third Millennium. The only challenge of comparable scope and difficulty is the threat of the environmental deterioration, and the two are intimately connected, indeed are one. David Landes argues that the North-South division is the great drama of our times, and that drama implies tension, passion, conflict and disappointment as well as happy outcomes. While Landes does…


Book cover of The Economy of Obligation: The Culture of Credit and Social Relations in Early Modern England

Henry C. Clark Author Of Compass of Society: Commerce and Absolutism in Old-Regime France

From my list on understanding where “capitalism” came from.

Why am I passionate about this?

I have long found it mysterious how we can live in what is truly one interconnected global order. Traders, merchants, deal-makers have long been viewed with suspicion. I wrote Compass of Society to explore how one country, France, with its tradition of land-based elites, could contemplate remaking itself as a “commercial society.” Adam Smith said that even in his time, everyone “becomes in some measure a merchant, and the society itself... a commercial society.” Revisionists are finding high levels of commercialization even in premodern China and India. In this list, I picked five of my favorite books that reshaped our understanding of where European “capitalism” came from.

Henry's book list on understanding where “capitalism” came from

Henry C. Clark Why did Henry love this book?

By the sixteenth century, the desire for exchange had only grown, but the money available for it had not kept pace. In this classic study, the English historian Craig Muldrew uses sources such as probate inventories and borough courts to show how resourceful people at all income and wealth levels were at pursuing their deals—for labor, services, or goods of all kinds. People, it turns out, coped largely with a lick and a promise. Debt, sometimes formal but often based on oral reckoning, was far more central to daily transactions than we might imagine. And even the humblest people could use the court system resourcefully to advance their interests.

By Craig Muldrew,

Why should I read it?

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

What is this book about?

This book is an excellent work of scholarship. It seeks to redefine the early modern English economy by rejecting the concept of capitalism, and instead explores the cultural meaning of credit, resulting from the way in which it was economically structured. It is a major argument of the book that money was used only in a limited number of exchanges, and that credit in terms of household reputation, was a 'cultural currency' of trust used to transact most business. As the market expanded in the late-sixteenth century such trust became harder to maintain, leading to an explosion of debt litigation,…


Book cover of A Farewell to Alms: A Brief Economic History of the World

Joshua L. Rosenbloom Author Of Quantitative Economic History: The Good of Counting

From my list on understanding the modern capitalist economy.

Why am I passionate about this?

I have been studying, writing, and teaching economic history for nearly four decades. I was drawn to the field because it let me combine my passion for understanding how the past and present are connected with my fascination with the insights derived from the natural sciences. When I started studying economic history, the discipline was still relatively new, having grown out of pioneering research in the 1950s and 1960s by a small band of innovative scholars. During my career, I have met many of these intellectual giants personally, and I have watched the discipline of economic history mature and grow in both its methods and intellectual scope.

Joshua's book list on understanding the modern capitalist economy

Joshua L. Rosenbloom Why did Joshua love this book?

The British Industrial Revolution is the single most important event in shaping the modern world. Since 1800 the standard of living in Western Industrial nations has increased nearly 40-fold, and in the last half-century, this prosperity has spread more widely. Writing in an engaging style, Clark offers a unique and provocative account of these changes and their causes.

By Gregory Clark,

Why should I read it?

1 author picked A Farewell to Alms as one of their favorite books, and they share why you should read it.

What is this book about?

Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution - and the unprecedented economic growth that came with it - occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich - and why did it make large parts of the world even poorer? In "A Farewell to Alms", Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture - not exploitation, geography, or resources - explains the wealth, and the poverty, of…


Book cover of Capitalism: A Short History

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?

A brilliant short history of capitalism, and how it all evolved until we got to today’s late or hyper-capitalism.

I love the way the book draws from social and economic history, to show how economic, social, and personal relations and ways of life have been weakened is something that starts from the 14th century but also evolved locally as much as in more universal ways.

By Jurgen Kocka,

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 authoritative and accessible book, one of the world's most renowned historians provides a concise and comprehensive history of capitalism within a global perspective from its medieval origins to the 2008 financial crisis and beyond. From early commercial capitalism in the Arab world, China, and Europe, to nineteenth- and twentieth-century industrialization, to today's globalized financial capitalism, Jurgen Kocka offers an unmatched account of capitalism, one that weighs its great achievements against its great costs, crises, and failures. Based on intensive research, the book puts the rise of capitalist economies in social, political, and cultural context, and shows how their…


Book cover of The Long Twentieth Century: Money, Power and the Origins of Our Times

Joseph Vogl Author Of The Ascendancy of Finance

From my list on the political power of contemporary finance.

Why am I passionate about this?

How did I – as a scholar of German literature – turn to economic topics? That had a certain inevitability. When I left for Paris in the early nineties, reading traces of anthropological knowledge in literature and aesthetics of the 18th century, I came across economic ideas on almost every page, in natural history, in medicine, in philosophy, in encyclopedias, in the theories of signs and in the teachings of beauty. There was circulation, communication, flows of exchange all over the place, and the Robinsons were the model. This reinforced the impression that the human being was engaged in aligning himself with homo oeconomicus. The question of  modern economics has therefore become unavoidable for me.

Joseph's book list on the political power of contemporary finance

Joseph Vogl Why did Joseph love this book?

This book is one of the most comprehensive presentations concerning the history of capitalism from early modern times up to the present.

It deals with the mutual reinforcement between capital accumulation and state apparatuses and shows how precisely the dominance of finance and accumulation crises caused the decline of powerful capitalist states.

By Giovanni Arrighi,

Why should I read it?

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

What is this book about?

The Long Twentieth Century traces the relationship between capital accumulation and state formation over a 700-year period. Arrighi argues that capitalism has unfolded as a succession of "long centuries," each of which produced a new world power that secured control over an expanding world-economic space. Examining the changing fortunes of Florentine, Venetian, Genoese, Dutch, English and finally American capitalism, Arrighi concludes with an examination of the forces that have shaped and are now poised to undermine America's world dominance. A masterpiece of historical sociology, The Long Twentieth Century rivals in scope and ambition contemporary classics by Perry Anderson, Charles Tilly…


Book cover of Ages of American Capitalism: A History of the United States

William H. Janeway Author Of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State

From my list on venture capital and the economics of innovation.

Why am I passionate about this?

After receiving my doctorate in Economics at Cambridge University, I embarked on a 35-year sabbatical as a venture capitalist focused on information technology. I learned about the critical role that the American state had played by sponsoring the computer industry. When the "Dotcom Bubble" of the late 1990s grossly overpriced my companies, because I had written my PhD thesis on 1929-1931 when the Bubble of the Roaring Twenties exploded, I had seen the movie before and knew how it ended. I returned to Cambridge determined to tell this saga of innovation at the frontier and the strategic roles played by financial speculation and the state in funding economic transformation."

William's book list on venture capital and the economics of innovation

William H. Janeway Why did William love this book?

Jon Levy provides a hugely creative account of American history through the evolution of its distinctive institution, capitalism.

He relates the unstable dynamics of financial markets to the waves of investment in real capital incorporating innovative technologies and never loses sight of the tension between power accumulated and expressed in markets and the distribution of political power, always attentive to how the former can take over control of the latter.

Levy’s work has enriched my own understanding of this contested history.

By Jonathan Levy,

Why should I read it?

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

What is this book about?

A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead.

“A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace

In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War,…


Book cover of Home and Work: Housework, Wages, and the Ideology of Labor in the Early Republic

Lori D. Ginzberg Author Of Elizabeth Cady Stanton: An American Life

From my list on that will blow your mind about US women’s history.

Why am I passionate about this?

When I started college in 1974 as a young radical feminist I had zero interest in history—it was all wars and men. But in a course about the Russian Revolution I learned the most thrilling thing: historians don’t simply relay facts, they argue with one another. I fell in love, and I never looked back. I am especially fascinated by what societies label “unthinkable,” and how that shapes, contains, and controls radical ideas. I've always been intrigued by what is "out of the question" and then poke at it, see what lies underneath, and try to figure out why things remain, or are kept, invisible.

Lori's book list on that will blow your mind about US women’s history

Lori D. Ginzberg Why did Lori love this book?

On one level, this is a book about housework in the pre-Civil War northern United States. Much more profoundly, it shatters ideas about unpaid labor in early industrial capitalism. It completely changed myand many readers’ideas of what constitutes “work,” what it means to contribute to a household economy, and how ideas about wages (and, especially, work done by men outside the home) obscured early capitalists’ dependence on women’s unwaged work. After reading this, you’ll never refer to “women who worked” and “women who didn’t” again.  It should be essential reading not only for women’s historians, but for anyone interested in ideologies of labor, capitalism, and the history of work.

[Full disclosure: I met Jeanne Boydston on my second day of graduate school and we collaborated closely on our dissertations (later books). She was my best friend and best teacher until her much-too-early death in 2008.]

By Jeanne Boydston,

Why should I read it?

2 authors picked Home and Work as one of their favorite books, and they share why you should read it.

What is this book about?

Over the course of a two hundred year period, women's domestic labor gradually lost its footing as a recognized aspect of economic life in America. The image of the colonial "goodwife," valued for her contribution to household prosperity, had been replaced by the image of a "dependent" and a "non-producer." This book is a history of housework in the United States prior to the Civil War. More particularly, it is a history of women's unpaid domestic labor in the context of the emergence of an industrialized society in the northern United States. Boydston argues that just as a capitalist economic…


5 book lists we think you will like!

Interested in capitalism, economic history, and Adam Smith?

10,000+ authors have recommended their favorite books and what they love about them. Browse their picks for the best books about capitalism, economic history, and Adam Smith.

Capitalism Explore 175 books about capitalism
Economic History Explore 47 books about economic history
Adam Smith Explore 25 books about Adam Smith