Fans pick 100 books like The Soul's Economy

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.

Maurizzio Lazaratto is a critic of contemporary capitalism. 

His view of the subject finds powerful expression in Making of the Indebted Man, a study that tracks the development of a neo-liberal, or financialized, global economy organized around a new form of exploitation – no longer the extraction of surplus value from industrial labor, but the ever-mounting debt assumed by consumers seeking to maintain their standard of living while wages keep falling. 

The accruing debts serve as an effective means for disciplining the population while at once becoming an immensely lucrative source of profit for banks and other corporations that buy and sell them on the world’s financial markets.

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. 

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!

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.

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. 

Before Valenze published this book, she had mostly written about people—religious visionaries, working-class women, and the like. Since this book appeared in 2006, she has focused on things—specifically milk and, as seen through the eyes of Thomas Malthus, the food that sustains populations.

This book is where these two foci meet, and the book has deeply informed my own work on money and the way I teach British history to my students. My main takeaway from the book is Valenze’s claim that Britain “detoxified” money toward the end of the eighteenth century. Around this time, moralists found cause to focus on its redemptive capacity and shifted their chagrin from money itself to its abuse. Money, she argues, became a measure of status, a judicial incentive (in the form of rewards for wanted criminals), and a vehicle of philanthropy–emerging, alongside the Enlightenment, as “a universal instrument of personal agency.”

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.