The most recommended books on capitalism

Who picked these books? Meet our 194 experts.

194 authors created a book list connected to capitalism, and here are their favorite capitalism books.
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Book cover of The Life and Strange Surprizing Adventures of Robinson Crusoe, of York, Mariner

Geoffrey Parker Author Of Global Crisis: War, Climate Change and Catastrophe in the Seventeenth Century

From my list on the 17th Century.

Why am I passionate about this?

I teach history at The Ohio State University. This project began when I listened in 1976 to a radio broadcast in which Jack Eddy, a solar physicist, speculated that a notable absence of sunspots in the period 1645-1715 contributed to the “Little Ice Age”: the longest and most severe episode of global cooling recorded in the last 12,000 years. The Little Ice Age coincided with a wave of wars and revolution around the Northern Hemisphere, from the overthrow of the Ming dynasty in China to the beheading of Charles I in England. I spent the next 35 years exploring how the connections between natural and human events created a fatal synergy that produced human mortality on a scale seldom seen before – and never since.

Geoffrey's book list on the 17th Century

Geoffrey Parker Why did Geoffrey love this book?

Good historical novels concentrate on gaps in the historical record, and use fiction to fill them – and in doing so, they illuminate the facts. Robinson Crusoe, the first historical novel in English (some claim the first English novel), used the story of a fictional sailor who left home in 1651 and returned in 1687 to show how the mental world in which his character grew up, riven by confessional conflict and civil war, differed from the mental world of his readers, in which colonies and capitalism had combined to produce great wealth. 

Among more recent works of fiction set in the 17th century, I particularly enjoyed Günther Grass, The meeting at Telgte (1981), set in Germany in 1647; and Iain Pears An instance of the fingerpost (1997), set in Oxford in 1663. Both include real historical figures.

By Daniel Defoe,

Why should I read it?

1 author picked The Life and Strange Surprizing Adventures of Robinson Crusoe, of York, Mariner as one of their favorite books, and they share why you should read it.

What is this book about?

This is a reproduction of a classic text optimised for kindle devices. We have endeavoured to create this version as close to the original artefact as possible. Although occasionally there may be certain imperfections with these old texts, we believe they deserve to be made available for future generations to enjoy.


Book cover of The Nature of Technology: What It Is and How It Evolves

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 modern world is defined by the relentless pace of technological change. But what is technology and how in the world does progress occur? Economists often treat the process of innovation as a “black box” out of which new products and processes emerge. Arthur opens the lid of this box and provides an eye-opening set of insights about how things work inside the box, and how that affects the rate and direction of innovation.

By W. Brian Arthur,

Why should I read it?

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

What is this book about?

“More than anything else technology creates our world. It creates our wealth, our economy, our very way of being,” says W. Brian Arthur. Yet despite technology’s irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology.

The Nature of Technology is an elegant and powerful theory of technology’s origins…


Book cover of The Half Has Never Been Told: Slavery and the Making of American Capitalism

Hamilton Nolan Author Of The Hammer: Power, Inequality, and the Struggle for the Soul of Labor

From my list on the power of the American labor movement.

Why am I passionate about this?

I'm a labor journalist. I've spent the past 20 years writing widely about inequality, class war, unions, and the way that power works in America. My parents were civil rights and antiwar activists in the 1960s and 70s, and they instilled in me an appreciation for the fact that social movements are often the only thing standing between regular people and exploitation. My curiosity about power imbalances in America drew me inexorably towards the absence of worker power and led me to the conclusion that the labor movement is the tool that can solve America's most profound problems. I grew up in Florida, live in Brooklyn, and report all over.

Hamilton's book list on the power of the American labor movement

Hamilton Nolan Why did Hamilton love this book?

You can’t understand the role of labor in America unless you understand slavery, which set the original template for American labor exploitation that still echoes to this day.

This book is one of the best explorations of American slavery, its roots, and its integral connection to the capitalism that surrounds us all.

When you appreciate how long and completely slaves were oppressed and who got the gains of the work they did, you will develop a much sharper appreciation for the importance of maintaining worker power today.

By Edward E. Baptist,

Why should I read it?

4 authors picked The Half Has Never Been Told as one of their favorite books, and they share why you should read it.

What is this book about?

Americans tend to cast slavery as a pre-modern institution,the nation's original sin, perhaps, but isolated in time and divorced from America's later success. But to do so robs the millions who suffered in bondage of their full legacy. As historian Edward E. Baptist reveals in The Half Has Never Been Told , the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United…


Book cover of Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork

Mark B. Murphy Author Of The Ultimate Investment: A Roadmap to Grow Your Business and Build Multigenerational Wealth

From my list on investing in yourself.

Why am I passionate about this?

As the Chief Executive Officer of Northeast Private Client Group, a national financial planning and wealth management firm, Mark B. Murphy is a highly sought-after key business strategist and critical thinker. He is passionate about empowering entrepreneurs to achieve multigenerational wealth by providing personalized strategies that focus on emotional fitness, wealth accumulation, and a plan that can work under all circumstances. Mark's expertise in strategic planning and financial engineering has benefited a diverse range of clients, including closely held businesses, mid-size companies, celebrities, athletes, hedge fund managers, doctors, dentists, and other high-net-worth individuals. His unwavering commitment to delivering a "wow" experience has earned him a reputation as a trusted expert in the industry.

Mark's book list on investing in yourself

Mark B. Murphy Why did Mark love this book?

This book is a game-changer for anyone seeking to improve their productivity and creativity.

By shifting the focus from "how" to "who," Sullivan and Hardy argue that we can leverage the skills and expertise of others to achieve greater success. The book is filled with practical tips and strategies for collaborating effectively, building strong relationships, and achieving more with less effort.

I highly recommend this book to entrepreneurs, business leaders, and anyone seeking to improve their creative thinking and problem-solving skills.

By Dan Sullivan, Benjamin Hardy,

Why should I read it?

2 authors picked Who Not How as one of their favorite books, and they share why you should read it.

What is this book about?

Make a mindset shift that will open the door to incredible growth and limitless possibility in your business and your life - just by asking the right question.

What if everything you did was your choice, including how you spend your time, how much money you make, with whom you have relationships and only doing work that aligns with your purpose? Sound hard? It's as simple as changing the core question you ask yourself.

When you want to accomplish something, stop asking, 'How can I do this?' Legendary entrepreneur coach Dan Sullivan teaches you to ask instead, 'Who can do…


Book cover of Remix: Making Art and Commerce Thrive in the Hybrid Economy

Raphael Sassower Author Of The Quest for Prosperity: Reframing Political Economy

From my list on moving beyond capitalism.

Why am I passionate about this?

My interest in political economy dates back to my student years where I combined the study of the history of political economy, economics, and philosophy. Whether apologists or critics of capitalism, both groups appreciate the centrality of economic exchange among people who live in communities where absolute autonomy and self-sufficiency are unattainable. My concern with reframing political economy is also informed by the all too hushed scandal of capitalism, namely, the reliance on slavery for the accumulation of wealth for more than a century after the establishment of the USA. The reckoning with this atrocity animates much of my present thinking about political economy in general and capitalism in particular.  

Raphael's book list on moving beyond capitalism

Raphael Sassower Why did Raphael love this book?

Lessig’s book argues that the pretense we live in America in a capitalist economy that follows the rules of the markets, with profit maximization and copyright protection (dating back to the Constitution), is by now completely discarded. Focusing on the entertainment industry and the arts, Lessig illustrates the limits of such thinking given the conduct of millions who download music, films, and videos without permission and continue to “remix” them within the legal limits of “fair use.”   

By Lawrence Lessig,

Why should I read it?

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

What is this book about?

The reigning authority on intellectual property in the Internet age, Lawrence Lessig spotlights the newest and possibly the most harmful culture — a war waged against those who create and consume art. America's copyright laws have ceased to perform their original, beneficial role: protecting artists' creations while allowing them to build on previous creative works. In fact, our system now criminalizes those very actions. Remix is an urgent, eloquent plea to end a war that harms every intrepid, creative user of new technologies. It also offers an inspiring vision of the postwar world where enormous opportunities await those who view…


Book cover of Rebuild: The Economy, Leadership, and You

Bartley J. Madden Author Of Value Creation Principles: The Pragmatic Theory of the Firm Begins with Purpose and Ends with Sustainable Capitalism

From my list on knowledge building and value creation.

Why am I passionate about this?

My intellectual journey has focused on three related passions: understanding how firms create value and the link to their stock market valuations, systems thinking, and knowledge building. This has led to the Madden Center for Value Creation at Florida Atlantic University that promotes the key value creation principles that are the foundation for a prosperous society. Prosperity is more widely shared through a society rooted in dynamism with enthusiastic support for experimentation, knowledge building, and innovation by firms. The Madden Center offers a Certificate in Value Creation online course that packages a learning experience to upgrade the knowledge, skills, and resources you need to create value. 

Bartley's book list on knowledge building and value creation

Bartley J. Madden Why did Bartley love this book?

From a distance you would label me a supporter of capitalism. A closer look says a free-market capitalist with a heart.

However, an even closer look would reveal how much I love dialogues with smart people who have big ideas that may not currently be a hand-in-glove fit with my worldview. And we both want to learn about different ways of looking at problems and are not concerned with selling the correctness of our strongly held beliefs. Jack Reardon is a good friend and one of those smart people with big ideas.

The book that Jack and Graham Boyd wrote should be read in the spirit of learning about different ways of applying a systems thinking lens to critically important sustainability issues. Their book explains how to travel a path to achieve a sustainable world with a regenerative economy in which both competition and cooperation are more closely aligned.

The…

By Jack Reardon, Graham Boyd,

Why should I read it?

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

What is this book about?

Finalist, American Book Fest, Best Book Awards.


We believe that there has never been a better time to start businesses and build an economy that works for all of us, and all our needs. This book gives you the best toolkit and building blocks available today to build antifragile, net positive, regenerative, circular businesses and ecosystems of businesses. Antifragile, because each is designed from the DNA up to adapt and stay at the optimum for a regenerative, sustainable, circular economy that delivers a good life for all within the planet's boundaries. Whatever you are focused on, from the rapid depletion…


Book cover of The Artificial River: The Erie Canal and the Paradox of Progress, 1817-1862

Carolyn Eastman Author Of The Strange Genius of Mr. O: The World of the United States' First Forgotten Celebrity

From my list on the surprising world of the early American Republic.

Why am I passionate about this?

I’d love to see more readers explore the surprising world of the early American republic beyond stories about presidents and the Founders—in part because that history can be so illuminating about our own world. Originally from California, I’m now a professor in the History Department at Virginia Commonwealth University, and the author of the prizewinning A Nation of Speechifiers: Making an American Public after the Revolution. I’m now starting work on a new project on the yellow fever epidemics that struck New York City during the 1790s, a piece of which appeared in Smithsonian Magazine in March 2021 and the Intervals podcast produced by the Organization of American Historians.

Carolyn's book list on the surprising world of the early American Republic

Carolyn Eastman Why did Carolyn love this book?

The Artificial River is so well-written, and features so many surprising and illuminating insights about early America, that I have assigned it many times in undergraduate classes. Sheriff speaks trenchantly about the concept of progress that inspired—and continues to inspire—so many of us. Yet by looking at how that concept played out over the course of the building of the Erie Canal, one of the most massive public works projects of the early Republic, she also shows the ways that Americans’ views of the common good were transformed. In a series of brilliantly executed chapters, Sheriff demonstrates the extent to which Americans’ embrace of market capitalism undermined their commitments to the good of all, and their willingness to accept that some of their fellow citizens would live in permanent poverty. It is a book that speaks as much to contemporary ideas about progress and self-determination as to those ideas in…

By Carol Sheriff,

Why should I read it?

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

What is this book about?

The story of the Eric Canal is the story of industrial and economic progress between the War of 1812 and the Civil War. The Artificial River reveals the human dimension of the story of the Erie Canal. Carol Sheriff's extensive, innovative archival research shows the varied responses of ordinary people-farmers, businessmen, government officials, tourists, workers-to this major environmental, social, and cultural transformation in the early life of the Republic.

Winner of Best Manuscript Award from the New York State Historical Association

“The Artificial River is deeply researched, its arguments are both subtle and clear, and it is written with grace…


Book cover of Feud: Hatfields, McCoys, and Social Change in Appalachia, 1860-1900

Lisa Alther Author Of Blood Feud: The Hatfields and the McCoys: The Epic Story of Murder and Vengeance

From my list on the Hatfield–McCoy feud.

Why am I passionate about this?

My father’s favorite first cousin Ava married Homer McCoy, a direct descendant of the Fighting McCoys. Homer’s aunt married a Hatfield, so my family is distantly related by marriage to both the Hatfields and McCoys. As a girl, Ava witnessed the aftermath of the feud: The elders in her household froze whenever they heard pounding hoofbeats in the night. She assured me that the reasons for the feud were far more complicated than escaped hogs or the derring-do of sociopathic veterans nostalgic for the bloodbaths of the Civil War. I started reading whatever I could find and visiting feud sites, trying to understand what had really gone on and why.

Lisa's book list on the Hatfield–McCoy feud

Lisa Alther Why did Lisa love this book?

As a child, I always heard that the Hatfield-McCoy feud started because someone left a gate open and a hog escaped. Later, I read versions that portrayed the feud as a swashbuckling adventure story of murder and retribution, with a Romeo and Juliet romance thrown in. But Waller’s study treats the feud as a serious historical event with grave political and economic consequences. She outlines the genesis of the ugly and insulting stereotype of the Depraved Savages of the Southern Appalachians (popping up most recently in the bestselling Hillbilly Elegy) and the ways it was deployed to justify the region’s exploitation by timber and coal companies.

This well-researched book is the most authoritative account yet of the Hatfield-McCoy feud and its ramifications for the subsequent economic and environmental destruction of Appalachia.

By Altina L. Waller,

Why should I read it?

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

What is this book about?

The Hatfield-McCoy feud, the entertaining subject of comic strips, popular songs, movies, and television, has long been a part of American folklore and legend. Ironically, the extraordinary endurance of the myth that has grown up around the Hatfields and McCoys has obscured the consideration of the feud as a serious historical event. In this study, Altina Waller tells the real story of the Hatfields and McCoys and the Tug Valley of West Virginia and Kentucky, placing the feud in the context of community and regional change in the era of industrialization. Waller argues that the legendary feud was not an…


Book cover of Essays on Marx's Theory of Value

John Milios Author Of The Origins of Capitalism as a Social System: The Prevalence of an Aleatory Encounter

From my list on Marxian economic theory.

Why am I passionate about this?

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.

John's book list on Marxian economic theory

John Milios Why did John love this book?

The book emphasizes the importance of Marxs theory of value.

Rubin argues that Marx's mature economic writings provide an understanding of how labor is determined and limited by capitalist social relations, which appear as objective structures, that are being reified in the money existence of commodities.

The author further argues that the notion of simple commodity production does not characterize human societies since antiquity, as it is often argued by both Marxists and critics of Marx.

In Marxs analysis, it constitutes the outer husk of the capitalist economy. Value and money are concepts which cannot be defined independently of the notion of capital.

They contain (and are also contained in) the concept of capital.

By Isaak Illich Rubin,

Why should I read it?

1 author picked Essays on Marx's Theory of Value as one of their favorite books, and they share why you should read it.

What is this book about?

Isaak Illich Rubin (12 June 1886, Dinaburg, now Latvia – 27 November 1937, Aktobe, now Kazakhstan) was a Soviet Marxian economist. His main work Essays on Marx's Theory of Value was published in 1924. He was executed in 1937 during the course of the Great Purge, but his ideas have since been rehabilitated.

Rubin's main work emphasised the importance of Marx's theory of commodity fetishism in the labor theory of value. Against those who counterposed Marx's early interest in alienation with his later economic theory, Rubin argued that Marx's mature economic work represented the culmination of his lifetime project to…


Book cover of Business Ethics in the 21st Century

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?

It attempts an evaluation of capitalism from within ethics and various disciplines.

Although universal moral rules in capitalism have clear difficulties in implementation, this challenge pushes us to reflect on the moral inadequacy of pragmatist/utilitarian ways of responding to ethics in capitalism, as they are myopic. The book suggests a universal ethic of duty for dignity is better ethics, even if it is still assuming a global universal moral rule.

By Norman Bowie,

Why should I read it?

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

What is this book about?

This work provides a critical look at business practice in the early 21st century and suggests changes that are both practical and normatively superior. Several chapters present a reflection on business ethics from a societal or macro-organizational point of view. It makes a case for the economic and moral superiority of the sustainability capitalism of the European Union over the finance-based model of the United States. Most major themes in business ethics are covered and some new ones are introduced, including the topic of the right way to teach business ethics. The general approach adopted in this volume is Kantian.…