The most recommended books about the economy

I love this book for two reasons. It condenses a massive amount of economic history into a small book, and it shows how our unequal societies are backtracking to older models of the economy.

Brooks is a Canadian scholar of Chinese history who specializes in the Ming Dynasty. In this work, he offers an overview of the transition from the Mongol Yuan to the Chinese Ming Dynasty, which is the setting for my own writing, and so is a period I consider to be of unrivaled appeal! Brooks studies, among other things, how extreme weather caused political upheaval and why emperors needed to worry when the locals started reporting dragon sightings. He also offers perspective on the autocratic rule of the Ming founder, “the brilliant and ruthless Zhu Yuanzhang,” and how his example impacted the rest of the dynasty.

A stunning assembly of archival photographs and newspaper clippings from Jackson County, Wisconsin, in the last decade and a half of the 19th century, and the definitive explanation of why nobody in old-time photographs is ever smiling—and, I choose to believe, the real reason the parts of The Wizard of Oz set in Kansas were filmed in black and white. Economic privation, unceasing bereavement, disease both physical and mental—in other words, Tuesday. Was there any joy in Jackson County? Somewhere, I’m sure. What’s documented here is a stark, powerful beauty. The most real book I’ve ever encountered, and one of two on face-out display on my bookshelves.

It is electrifying to handle a coin from the early medieval period.

A typical coin from late tenth-century England will be made of silver, will have the king’s name, title, and bust imprinted on one side, and the name of the moneyer and of the mint on the other. These details alone raise questions: how was the coin used and by how many people? Where was it accepted and what kind of goods could it buy?

Rory Naismith, a leading historian and numismatist, provides answers to these questions and illuminates the development of the coinage system from the fall of Rome in the fifth century right through to the twelfth century. And his focus is exceptionally broad, taking in much of north-western Europe. It is an invaluable account that transforms our understanding of how money was actually used in the early medieval period.   

The Angolan southern town of Benguela was the third-largest port of embarkation of captives in the history of the transatlantic slave trade, after Luanda and Ouidah (in modern-day Benin). In spite of its importance as a slaving port, An African Slaving Port was the first English-language book on Benguela. In this book, Mariana P. Candido traces the history and development of the port from the seventeenth to the mid-nineteenth century highlighting the connections between Benguela, Portugal, Brazil, and the Caribbean. The book contributes to the scholarship on the impact of the transatlantic slave trade on African societies looking at changes in consumption patterns, cultural elements, and institutions on the coast as well as in interior regions. Furthermore, the book contributes to engender the history of the slave trade from Angola by evidencing the role of local women merchants known as donas as independent traders and intermediaries between foreign traders and… show more.

This is another important work by an anthropologist challenging the genealogy of the West and its ideas and institutions. It exposes the myth of history as a supposed moral success story: ancient Greece… Rome… Christian Europe… Renaissance… Enlightenment… liberal democracy… the pursuit of happiness, etc. Wolf systematically highlights why this is a flawed and fraught notion, especially for those people who do not fit neatly into the schema.

For a wide range of scholarly — yet highly readable — essays on the onetime French stronghold, Aspects of Louisbourg offers a great starting point. It’s an eclectic collection of fifteen essays by ten different authors. The focus in each paper varies, with some writers examining economic or social themes, and others looking at military history. From the rugged life of 18th-century fishers to gardens and material culture, to the complexities of the garrison or recent commemorative activities, the essays paint a comprehensive picture of both French colonial Louisbourg and what in the 20th century became the Fortress of Louisbourg National Historic Site of Canada.

This pioneering book was one of the first to place the history of East Africa within the context of the environment. It has been used continuously for student teaching. The book puts people at the centre of events. It thus serves as a modification to nationalist history with its emphasis on leaders. Helge Kjekshus provides evidence to suggest that the nineteenth century was a period of relative prosperity with well-developed trade. He questions the view that warfare was pervasive and that the slave trade led to depopulation. He points to a balance between man and the environment. Helge Kjeskshus’s book has, for a long time, been the sole reference on environmental history in East Africa, with a focus on Tanganyika. 

Nigeria’s most famous economist and the current Director-General of the World Trade Organization, Okonjo-Iweala is a formidable figure nationally and globally. Her memoir about her time as Finance Minister during the administration of President Olusegun Obasanjo (in office 1999-2007) gives insight into debt relief negotiations and major economic reforms. Those reforms look less transformative in retrospect – at least 40% of Nigerians remain mired in poverty, and Nigeria’s debt has climbed again, including during Okonjo-Iweala’s second stint as Finance Minister – but the memoir remains important for understanding Africa’s largest economy.

The 27 interviews in The Corpse Walker are selected from the 60 interviews in Liao Yiwu’s book, originally titled Interviews with People from the Bottom Rung of Society in Chinese. Liao gives voices to social outcasts: a human trafficker, corpse walkers, a leper, a peasant emperor, an abbot, a mortician, a Tiananmen father, artists and shamans, crooks, even cannibals. Ironically, every one of them speaks more honestly than Chinese official media, which causes the book to be banned in mainland China. These are the stories of unsung heroes and epic tragedies, but to me, most importantly, the work that people performed, the families they raised, many lost to famines, political purges, and massacres, and the persecutors they forgave, the conscience they wrestled with, their past, present, and future—these are the remarkable stories of ordinary Chinese people from 1949 to present in their raw, unvarnished form.