100 books like The Roman Predicament

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.

My own book title is explicitly an homage to this book, which tells the story of the sterling standard in its heyday. 

It is my dream that readers will put my book next to this one on their bookshelves, reading mine as a continuation of the story that DeCecco tells so masterfully. He is more economic historian, and I am more historian of economic ideas, so the books are different (and his original was in Italian), but they can be read as in conversation with one another. 

This is another book that I look forward to rereading, now that I know more, and engaging more deeply and systematically.

When Nixon took the dollar off gold in 1971, Kindleberger thought it was the end of the dollar system, and maybe even the beginning of a new depression, in parallel with the 1931 collapse of the sterling system. 

He was wrong about that, and the reason was the resilience of the global banking system, which basically refused to abandon the dollar even though the dollar had abandoned it! 

This book tells the story of the rise of the Eurobond market, the capital market counterpart to the offshore Eurodollar market, which grew up organically in the 1970s and after. 

One of the things I like most about this book is that the author is a practitioner, so the story is told from the point of view of one who was there.

This book tells the story of the global expansion of the dollar system after the collapse of Bretton Woods from the perspective of the BIS, the global central bank.

Created in 1930, as a last-ditch effort to backstop the sterling system (among other reasons), the story of the BIS runs parallel to the story I tell in my book.  This morning in class I asked my students, most of them international relations majors, if any of their other courses had mentioned the BIS, and not a single hand went up. Hence this recommendation!

Kindleberger worked at the BIS 1939-1940 and might well have made it his permanent home had not World War II intervened, and sent him back home to the Fed.  

Many histories of Rome end in the second century that period in which Edward Gibbon judged “the condition of the human race was most happy and prosperous”. But there is a great deal of Roman history after that. Rome survived a great military crisis in the third century. The next generation of emperors based themselves near the frontiers to ward off future attacks. Machado’s extraordinary book tells the story of the City of Rome after the emperors had gone, returned into the hands of an aristocracy fascinated by its past but also committed to Roma Aeterna (Eternal Rome). Using statues and inscriptions and archaeology and a mass of little read ancient literature, Machado paints a vivid picture. Far from the new centres of power, the Roman aristocracy rebuilt, repaired, and steered the city through religious transformations, barbarian sacks, and beyond the fall of the western empire.

This is a great read on the way that Rome became an empire. It puts the whole story of the city of Rome and what it developed into (i.e. the biggest power of the ancient world and a paradigm for many empires that followed) into context and into the history of the Mediterranean world. The book is so useful to read because it is well written and contemporary, but it also helps us to understand Hannibal. This is because Rome's version of Carthage and Hannibal is the only version that we have to deal with, Hannibal in many ways becomes a reflection of Roman ideas of their own imperialism.

I enjoyed reading Roman military history. I especially liked this book because the main character is a Capsarius, a combat medic, making this an exciting and exhilarating read. The Romans were the first to organize their army with something similar to a modern medical corps, comprising capsarii (medics) in each century and a medicus (physician) in overall charge.

I came to appreciate and admire how the capsarii, using basic rudimentary methods and medicines, were able to successfully treat their sick and injured. It was like having a mini-course in the practice of medicine in 25 BCE. I found the plot compelling. It artfully combines action and mystery as the Capsarius and his fellow legionaries encounter hot, sweltering heat, forbidden temples, and the warrior Queen of Kush.

Ronald Syme was one of the greatest historians of the twentieth century, and probably the greatest Roman historian. This may seem like one for specialists only, unlike his classic Roman Revolution, but it’s got his distinctive style – florid and lapidary all at once – and is a master class in how to wring valuable information out of poor and deceptive sources.

Very few histories of Rome manage to be both trenchant and laugh-out-loud funny. Emma Southon’s is one. I was laughing and wincing at the same time. I was especially impressed because many of the figures Southon discusses (Tanaquil, Lucretia, Tarpeia) are shrouded in Rome’s self-serving patriotic myths.

Southon tells their stories in a colorful, empathetic narrative that dares to imagine what the women’s point of view might have been like. She also makes clear how much Rome, that quintessentially patriarchal ancient empire, imagined itself as founded on the bodies of women.  

Dr. Crawford, a specialist in ancient history and religion, offers a detailed and readable account of the life and reign of Constantine's longest surviving son and successor in the mid-4th century (A.D. 324-361). Often criticized by ancient sources and modern scholars alike for not being as great a soldier as his father and for favoring Arian-leaning bishops, the author tries to rehabilitate the reputation of Constantius as a capable ruler in difficult times.