As a physicist by education and therefore fundamentally interested in how things work, my early career was spent in secure communications before moving into finance, specifically payments. I helped to found one of the leading consultancies in the field and worked globally for organizations ranging from Visa and AMEX to various governments and multiple Central Banks. I wrote, it turned out, one of the key books in the field, Identity Is The New Money (2014), and subsequently, Before Babylon, Beyond Bitcoin (2017), about the history and future of money. The Currency Cold War (2020) was a prescient implication of digital currencies, particularly CBDC.
I see David Greaeber’s book as a landmark in the field. He completely changed my understanding of and views on money’s role in society and its evolution. I had the good fortune to meet David a few times (in fact, I made a podcast with him) and feel like I learned from every conversation.
Until I read David’s book, I had assumed that the Barter theory of money and the double coincidence of wants was the natural and unchallenged explanation for how money came to be and what roles it performed. David’s and subsequent authors' work has shown that this view is simplistic and outdated.
The groundbreaking international best-seller that turns everything you think about money, debt, and society on its head—from the “brilliant, deeply original political thinker” David Graeber (Rebecca Solnit, author of Men Explain Things to Me)
Before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era that we also first encounter a society divided into debtors and creditors—which lives on in full force to this day.
I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.
Many people have heard of Bitcoin’s “proof of work” (POW) consensus protocol which involves using huge amounts of energy to solve cryptographic problems. Some of us have also heard of “proof of stake”, an alternative to POW now used by the second largest cryptocurrency, Ether. What Joshua’s book taught me was the similarities and linkages between these two different ways of running a blockchain.
By focusing on the economics, not just the technology, of different consensus protocols, we learn about fundamental issues like the “cost of computational trust”, the future of consensus protocols, and indeed the future of cryptocurrencies.
Blockchain technologies have been rapidly adopted for the creation of cryptocurrencies and have been explored for a myriad of applications. While this is of important economic interest, the computer science behind how blockchains operate to provide security and provenance has been largely inaccessible to economists. This book is a bridge between the computer science and the economics of blockchains.
The focus is on the value and the achievement of blockchain consensus; that is, how distributed and independent nodes are able to reach an agreement on what the current state of digital ledgers, that are the product of blockchains, are. The…
I’ve been writing about cryptocurrency since 2015, and full-time since 2017. I’ve worked for the biggest crypto news site in the world, CoinDesk, but now I write about it every day for a more mainstream audience. Cryptocurrency fits at a nexus at the kind of things I’m drawn to: It’s technological, it’s economic and it freaks people out. Unlike a lot of people who write about crypto, I’ve actually played around with the stuff. I’m not an investor, but I have used it. Using it is really the only way anyone gets to the point of grokking it, and I grok the stuff.
So this book only has one chapter on cryptocurrency (and it dismisses it), but it’s still a worthwhile addition to this list, and here’s why:
Money does a great job showing readers what a protean thing money really is and has always been. Every time money is about to make a giant change in human history, people think that change is completely crazy and will never work. And then it happens, and before long people seem to believe that money could have never worked any other way.
Does it sound relevant now?
While Goldstein eloquently explains and then dismisses Bitcoin in these pages (in fact, it’s one of the best dismissals I’ve ever read), it’s still a worthy entry for anyone who wants to wrap their heads around why so many people have invested so much in fundamentally changing how money works here in the 21st Century.
The co-host of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
Money only works because we all agree to believe in it. In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.
At the heart of the story are the fringe thinkers and world…
Not many people know that I was so timid as a child; I used to burst into tears if I had to ask for something in a store. Now, I am known for my “out there” presentation style and mastery of words. Since 1982, I have been working with individuals and groups to help them get better at persuading, solving conflicts, and having inspiring relationships. So, how can you be a nice, caring person and still be persuasive, even with the most skeptical of people? These books helped me do this.
This book helped me recall and explain the times when I really made a positive impact. It really IS about telling a compelling story.
I learned that I didn’t have to be a powerhouse; just tell the story in a way that makes a difference. It taught me how to gauge what level of influence I really have with people from lowest to highest: Compliance, Participation, Buy-In, Leadership, and Visionary.
Instead of working with a team who are merely complying or participating at best, which means as a leader, I have to constantly check if the work has been done and done correctly, I can trust my colleagues to self-manage, deliver high-quality work and be a real part of our team.
Life is about human connection and leadership is the influential tool used in the attainment of unparalleled success. In this unique approach, you will learn how to get your business to the top echelon from the inside out and get your team striving to give the best of themselves. How? Maximize your Return on Influence while learning how to lead in a manner that will capture attention. Communicating in an inspiring and creative way can increase both morale and productivity. In the modern global marketplace, career options are virtually endless and finding and keeping valuable employees can be akin to…
I am the primary writer and podcaster behind The Blockchain Socialist, a platform for exploring the intersection of crypto and left politics. I’ve published over 35 blogs for my website and on the web3 native blogging platform Mirror as well as for outlets like FWB and Outland Magazine. I’ve also recorded over 150 podcasts which included incredible guests with a wide ranging spectrum of political views and expertises like Vitalik Buterin, Cory Doctorow, Douglas Rushkoff, Nick Srnicek, Lawrence Lessig, and many more. And I don’t just talk about but I do it as I am also a co-founder of Breadchain Cooperative where we make blockchain applications from a post-capitalist perspective.
Being in the crypto space for as long as I have, I’ve heard the argument repeatedly that tokenization is a new thing that blockchains enable and that they are inherently good or bad, depending on where you stand on the issue. But that is an oversimplification.
Rachel O'Dwyer's book is an approachable exploration of the evolving landscape of tokens beyond the usual critique of financialization. Through a first-person exploration of history, O'Dwyer reveals the deeply political nature of tokens, shedding light on their enduring presence and demonstrating how today's digital tokens are simply a continuation of humanity's longstanding use of tokens to facilitate a wide range of social processes since antiquity.
Longlisted for the FT Schroders Business Book of the Year Award 2023 - A BEST BOOK OF THE YEAR: GQ, Los Angeles Times, Wired
Wherever you look, money is being re- placed by tokens. Digital platforms are issuing new kinds of money-like things: phone credit, shares, gift vouchers, game tokens, customer data-the list goes on. But what does it mean when online platforms become the new banks? What new types of control and discrimination emerge when money is tied to specific apps or actions, politics or identities?
Tokens opens up this new and expanding world. Exploring the history of extra-…
I am the teaching pastor of Woodland Christian Church, a role I've held since 2010. I preach God’s Word 1 to 3 times weekly, and I'm also a conference speaker and author. While I do some counseling and discipling, my main focus is on teaching and preaching, which involves studying God’s Word for 20 to 30 hours per week. I've learned biblical financial principles and I'm passionate about equipping people with them. With ten children on a single-income pastor’s salary, I've had to apply these principles in my own life, which has reinforced their importance and effectiveness.
God and Money is primarily a guide to giving. Still, it is also a testimony of how the authors, while attending Harvard, became conflicted about their extravagant lifestyles and convicted of the need to give more. In other words, something enjoyable and unique about the book is that the authors discuss finances, but it is also their story.
They also use modern-day case studies and practical ways to apply the Bible’s teaching. They followed up with True Riches, pride to gratitude, coveting to content, anxiety to trust, and indifference to love are the chapter topics.
John Cortines and Gregory Baumer met as Harvard MBA candidates in a men’s Bible study and stopped asking “How much should I give?” and started asking “How much do I need to keep?” With their top-notch education and rising careers, Cortines and Baumer were guaranteed comfort and security for the rest of their lives. However, when their plans for saving and spending collided with God’s purposes for extravagant generosity, they were each compelled to make a life-changing decision that challenges the values held by mainstream America and many Christian commentators. Cortines and Baumer show not only how to radically give,…
I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that.
I believe Landsburg, whom I have met, may be one of the most creative and interesting thinkers in America today.
I love this book because it is his personality on every page: quirky, creative, and entertaining. It asks and answers questions others have never even considered or incorrectly assumed are so obvious as to not be worth the time to explore. I use questions from this book, which is 30+ years old, to stump and pique the curiosity of my students every semester.
The extensively revised and updated edition of Steven Landsburg’s hugely popular book, The Armchair Economist—“a delightful compendium of quotidian examples illustrating important economic and financial theories” (The Journal of Finance).
In this revised and updated edition of Steven Landsburg’s hugely popular book, he applies economic theory to today’s most pressing concerns, answering a diverse range of daring questions, such as:
Why are seat belts deadly? Why do celebrity endorsements sell products? Why are failed executives paid so much? Who should bear the cost of oil spills? Do government deficits matter? How is workplace safety bad for workers? What’s wrong with…
Crypto’s rollercoaster journey has given rise to some of the most thrilling real-life tales of the last two decades. These tales teem with personal drama and reveal much larger truths: about our fractured global moment, about the ripple effects of well-intentioned technological systems, and about the massive divide between how we want society to function and how it actually does.
As much as some people wish it dead, crypto is not going away any time soon. Many of its followers have adopted a religious-like belief that it will transform humanity and bring unlimited wealth to its followers; others simply believe it to be a good investment. Their collective trust in these strange digital currencies means that crypto will continue to shape the world in unpredictable ways.
The journalist Nathaniel Popper starts at the beginning, telling the story of how Bitcoin emerged from message boards and was slowly but surely propelled forward by government-wary libertarians, computer science nerds, and opportunistic venture capitalists.
Popper persuasively articulates the many problems that Bitcoin solves across the world—and then reveals its extremely bumpy road toward adoption.
Shortlisted for the Financial Times and McKinsey Business Book of the Year Award
A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.
Digital Gold is New York Times reporter Nathaniel Popper's brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.
The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped…
I’ve been fascinated by money since I was a graduate student when I had even less of it than I do today (as a British historian in the CUNY system). We all carry it in our wallets and have more or less of it in the bank, but it’s also in the air we breathe, suffusing the books we read and the decisions we make. So when I started researching and writing about the British past, money and its associated institutions seemed like an obvious place to start looking. It has yet to let me down, enabling me to discover new things to say about politics, literature, and society.
I love the way this book makes the very old story of the French Revolution new and exciting by telling the parallel story of how so much of the turmoil of that period was etched onto the money that a succession of governments issued.
I learned so much, both from the shifting set of images on French money and the wonderful stories about how a confused populace used this money to the best of their ability, as their paper currency lost both the crowned heads that once adorned it and, in the process, much of its value. Spang ingeniously recounts the revolutionaries’ efforts to paper over a failing revolution with vacuous promises to pay.
Winner of the Louis Gottschalk Prize, American Society for Eighteenth-Century Studies A Financial Times Best History Book of the Year A Choice Outstanding Academic Title of the Year
Rebecca L. Spang, who revolutionized our understanding of the restaurant, has written a new history of money. It uses one of the most infamous examples of monetary innovation, the assignats-a currency initially defined by French revolutionaries as "circulating land"-to demonstrate that money is as much a social and political mediator as it is an economic instrument. Following the assignats from creation to abandonment, Spang shows them to be subject to the same…
Long before I studied economics, I remember being told in church that “money is the root of all evil.” Much later, when I was interviewing for my first professor-level position, I remember one of the interviewers saying, “I suppose everyone is interested in money.” We are not talking here about a fixation on accumulating money, but rather understanding the profound impact monetary policy has upon everyone in society. These readings show how pervasive the effects of bad monetary policy can be and how important it is to keep track of what is going on. Start with the first two chapters of Friedman’s Money Mischief and see if you can stop!
The enduring impact of Milton Friedman and his writings is ably captured in this volume.
Part II focuses on his monetary contributions and relates his writings to the policy actions of the Federal Reserve and many other recent and older episodes. Among these chapters, James Lothian offers a particularly compelling account of not only the evolution of Friedman’s work but also its impact on those around him. Eugene Lerner connects his Friedman-inspired early Civil War research to monetary developments after the global financial crisis in 2008.
Nobel Prize winner Robert Lucas makes a particularly revealing personal observation: “Friedman has no interest at all in what side you are on. You are expected to articulate a view of the effects of policies. How will it work? Who gains? Who loses?”
Milton Friedman is widely regarded as one of the most influential economists of the twentieth century. Although he made many important contributions to both economic theory and policy - most clearly demonstrated by his development of and support for monetarism - he was also active in various spheres of public policy, where he more often than not pursued his championing of the free market and liberty.
This volume assesses the importance of the full range of Friedman's ideas, from his work on methodology in economics, his highly innovative consumption theory, and his extensive research on monetary economics, to his views…
