If you’re a history buff with a passion for understanding the intricate workings of economies throughout time, then this list is for you. We’ve compiled the 20 best books on economic history that will take you on a fascinating journey through the rise and fall of civilizations, the impact of technological advancements, and the trials and triumphs of economic systems. From ancient civilizations to modern-day economies, these books offer a captivating exploration of the forces that have shaped our world. Whether you’re a student, a scholar, or simply curious about the past, these economic history books are a must-read.
Contents
- 1 The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century
- 2 The Wealth of Nations
- 3 Capital in the Twenty-First Century
- 4 The Ascent of Money: A Financial History of the World
- 5 The Making of the English Working Class
- 6 The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers
- 7 The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
- 8 The Origins of Political Order: From Prehuman Times to the French Revolution
- 9 The Great Transformation: The Political and Economic Origins of Our Time
- 10 The Birth of Plenty: How the Prosperity of the Modern World was Created
- 11 The World Economy: A Millennial Perspective
- 12 The Silk Roads: A New History of the World
- 13 The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
- 14 The Euro: How a Common Currency Threatens the Future of Europe
- 15 The Great Escape: Health, Wealth, and the Origins of Inequality
- 16 The Power of Gold: The History of an Obsession
- 17 The Age of Capital: 1848-1875
- 18 The World in Depression, 1929-1939
- 19 The Making of Modern Economics: The Lives and Ideas of the Great Thinkers
- 20 The Big Short: Inside the Doomsday Machine
- 21 Conclusion
The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century
by Walter Scheidel
The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century by Walter Scheidel is not your typical book on economic history. It is a captivating exploration of the intricate relationship between violence and inequality throughout human history.
Scheidel takes us on a journey through time, delving into the origins of inequality and how it has evolved over millennia. He argues that throughout history, only four major forces have led to significant reductions in inequality: mass mobilization warfare, transformative revolutions, state collapse, and catastrophic pandemics.
By examining these historical events, Scheidel challenges the notion that inequality can be effectively addressed through peaceful means alone. He argues that violent disruptions are often necessary to disrupt entrenched systems of power and redistribute wealth more equitably.
What sets this book about economic history apart is Scheidel’s meticulous research and his ability to draw connections between seemingly disparate events. He weaves together evidence from archaeological findings, historical accounts, and economic data to paint a comprehensive picture of how violence and inequality have shaped societies throughout time.
While some may find the subject matter grim, Scheidel’s writing style is engaging and accessible. He presents complex ideas in a clear and concise manner, making this economic history book a fascinating read for both academics and general readers.
Overall, The Great Leveler offers a thought-provoking examination of the forces that have shaped inequality over centuries. It challenges conventional wisdom and provides a fresh perspective on the complex relationship between violence and economic inequality. So, if you’re intrigued by the interplay between power, violence, and wealth, this book is a must-read.
The Wealth of Nations
by Adam Smith
The Wealth of Nations by Adam Smith is a groundbreaking book on the fascinating realm of economic history. This masterpiece, often referred to as the cornerstone of modern economics, delves into the intricate workings of economies, weaving together a tapestry of ideas and concepts that continue to shape our world today.
Capital in the Twenty-First Century
by Thomas Piketty
‘Capital in the Twenty-First Century’ by Thomas Piketty is an eye-opening book about the fascinating world of economic history. This groundbreaking work uncovers the deep-rooted patterns and inequalities that have shaped our societies throughout time. Piketty takes us on a journey through centuries of economic development, revealing the intricate relationship between capital, wealth, and power. By meticulously analyzing historical data and presenting captivating arguments, Piketty challenges conventional wisdom and offers new perspectives on the distribution of wealth. This economic history book sheds light on the forces that have perpetuated inequality, and encourages us to reflect on the implications they have for our future. Prepare to be enthralled by this thought-provoking exploration of our collective past and its implications for the twenty-first century.’
The Ascent of Money: A Financial History of the World
by Niall Ferguson
The Ascent of Money: A Financial History of the World by Niall Ferguson is a captivating book on economic history that takes you on a journey through the fascinating world of money and its role in shaping civilizations. From the ancient civilizations of Mesopotamia to the modern financial centers of Wall Street and London, Ferguson explores the evolution of money, banking, and markets, providing insights into the economic history of societies across the globe.
With a unique blend of storytelling and scholarly analysis, Ferguson dives into the intricate web of financial innovations and disasters that have shaped our world. He explores the rise and fall of empires, the impact of technological revolutions, and the role of finance in shaping political events. Through captivating anecdotes and historical examples, he brings to life the power struggles, economic booms, and crashes that have defined our economic history.
What sets this book about economic history apart is Ferguson’s ability to make complex financial concepts accessible and engaging for readers from all backgrounds. Whether you are a finance enthusiast or someone curious about the forces that have shaped our modern world, this book offers a comprehensive overview of the economic history that underpins our societies.
Whether you are interested in understanding the origins of money, the development of stock markets, or the impact of globalization on finance, The Ascent of Money provides a thought-provoking exploration of the economic history that has shaped our world today. So join Niall Ferguson on this captivating journey through time and discover the power and influence of money throughout the ages.
The Making of the English Working Class
by E.P. Thompson
The Making of the English Working Class by E.P. Thompson is a captivating book about the economic history of Britain during the Industrial Revolution. It delves into the lives and struggles of the working class, offering a profound analysis of their social and political movements.
The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers
by Robert L. Heilbroner
The Worldly Philosophers is a captivating journey through the fascinating world of economic thinkers, a book that unravels the complexities of economic history with elegance and intellect. Written by Robert L. Heilbroner, this masterpiece is more than just a book about economic history; it is a gateway to understanding the evolution of economic thought and the great minds who shaped it.
Step into the realm of Adam Smith, Karl Marx, John Maynard Keynes, and other brilliant economists who revolutionized the way we perceive the world. Each chapter delves into the lives, times, and ideas of these great thinkers, painting a vivid picture of their struggles, triumphs, and the historical contexts that shaped their theories.
Heilbroner’s prose is both enlightening and engaging, making complex economic theories accessible to readers from all walks of life. His storytelling prowess intertwines historical anecdotes with economic analysis, allowing us to see the world through the eyes of these visionary philosophers.
Whether you are an avid student of economics or simply curious about the forces that have shaped our modern world, this book on economic history is a must-read. It immerses you in the intellectual debates that have shaped entire societies, shedding light on the economic theories that continue to shape our lives today.
So, embark on this enlightening journey through the annals of economic history, and discover the minds that have shaped our world. The Worldly Philosophers is more than just a book; it is a key that unlocks the mysteries of economic thought and invites you to explore the intricacies of our interconnected world.
The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
by Robert J. Gordon
The Rise and Fall of American Growth by Robert J. Gordon is a captivating book on the economic history of the United States since the Civil War. It delves into the fascinating story of how the American standard of living evolved over time, exploring the various factors that contributed to its rise and eventual decline.
This book about economic history takes readers on a journey through major technological advancements, such as electricity, automobiles, and the internet, which transformed the American way of life. Gordon skillfully weaves together historical anecdotes, data analysis, and in-depth research to bring these transformative periods to life.
However, The Rise and Fall of American Growth goes beyond mere technological advancements. It also examines the complex interplay between economic, social, and political factors that shaped the nation’s prosperity. Gordon explores the impact of immigration, education, inequality, and government policies on the country’s economic trajectory.
By presenting a comprehensive analysis of the past, Gordon prompts readers to reflect on the challenges and opportunities that lie ahead for the United States. This economic history book offers valuable insights into the lessons we can learn from the past as we strive to navigate the future.
The Origins of Political Order: From Prehuman Times to the French Revolution
by Francis Fukuyama
The Origins of Political Order: From Prehuman Times to the French Revolution, written by Francis Fukuyama, is a captivating book that delves into the intricate and fascinating world of political development throughout human history. This thought-provoking work goes beyond a mere book about economic history; it explores the origins and evolution of human societies, their political systems, and the factors that have shaped the world we live in today.
The Great Transformation: The Political and Economic Origins of Our Time
by Karl Polanyi
The Great Transformation: The Political and Economic Origins of Our Time by Karl Polanyi is a fascinating book on the intricate tapestry of human society and its relationship with economic systems. This captivating work delves deep into the roots of our modern world, providing a sweeping analysis of the historical forces that have shaped our economic and political landscapes.
Polanyi’s masterpiece can be aptly described as a profound exploration of the interplay between politics, society, and economics. Rather than a dry, textbook-like account of economic history, this book presents a captivating narrative that brings the past to life. It takes us on a journey through time, unraveling the complex processes that have propelled our societies forward.
As we delve into this thought-provoking narrative, we encounter Polanyi’s central argument: that the rise of market society was not a natural or inevitable outcome, but rather a deliberate creation of human design. He argues that economic systems are not separate entities, existing in isolation from society, but rather deeply intertwined with the political and social structures that govern our lives.
Polanyi masterfully weaves together historical examples and theoretical insights to support his argument. He examines the transformation of societies from pre-industrial to industrial, exploring the dramatic shifts in social relations, labor markets, and the commodification of land and labor. Through his analysis, he highlights the profound consequences of these changes, both positive and negative, on individuals and communities.
One of the most intriguing aspects of Polanyi’s work is his exploration of the inherent tensions between market forces and society. He argues that the unregulated expansion of markets can lead to social disintegration, as human needs and values are sacrificed in the pursuit of profit. This idea resonates strongly in our contemporary world, as we grapple with the impacts of globalization, inequality, and environmental degradation.
In conclusion, The Great Transformation: The Political and Economic Origins of Our Time is a captivating book about economic history that sheds light on the intricate relationship between economics, politics, and society. Polanyi’s insightful analysis challenges conventional wisdom and invites us to critically examine the forces that shape our world. Whether you are an avid reader of economic history or simply curious about the roots of our modern society, this book is sure to captivate and enlighten.
The Birth of Plenty: How the Prosperity of the Modern World was Created
by William J. Bernstein
The Birth of Plenty: How the Prosperity of the Modern World was Created is a captivating book on the extraordinary journey of economic history. In this fascinating read, William J. Bernstein takes us on an enlightening exploration of the factors that have shaped and propelled the prosperity we enjoy today.
Delving into the depths of human development, Bernstein reveals how the world has transformed from a state of scarcity to one of abundance. He masterfully weaves together a tapestry of historical events, technological advancements, and economic theories to provide a comprehensive understanding of the forces that have driven our progress.
This book about economic history takes us on a captivating journey through time, highlighting the key milestones that have paved the way for our present-day prosperity. Bernstein skillfully analyzes the impact of the Industrial Revolution, the rise of capitalism, and the power of innovation in driving economic growth.
By examining the pillars of economic development such as property rights, scientific inquiry, capital markets, and transportation infrastructure, Bernstein uncovers the essential ingredients that have fueled the birth of plenty. His insights shed light on the remarkable achievements of humanity and offer valuable lessons for our future.
The Birth of Plenty is not just a book on economic history; it is a riveting tale that brings to life the triumphs and struggles of our ancestors. Bernstein’s eloquent storytelling and meticulous research make this economic history book a must-read for anyone seeking a deeper understanding of the world we live in.
The World Economy: A Millennial Perspective
by Angus Maddison
The World Economy: A Millennial Perspective by Angus Maddison is a fascinating book on economic history that takes readers on an enthralling journey through the ups and downs of global economic development over the past thousand years. Maddison’s insightful analysis and meticulous research make this work a must-read for anyone interested in understanding the intricate web of economic forces that have shaped our world.
The Silk Roads: A New History of the World
by Peter Frankopan
The Silk Roads: A New History of the World by Peter Frankopan is a captivating journey through time and space, revealing the hidden threads that have connected civilizations for centuries. Dubbed as a ‘book on economic history’, this masterpiece goes beyond the traditional boundaries of a mere economic history book, immersing readers in a world of trade, conquest, and cultural exchange.
Frankopan skillfully weaves together a narrative that spans from ancient times to the present day, drawing attention to the pivotal role that the Silk Roads played in shaping the course of human history. Instead of focusing solely on the rise and fall of empires, he delves into the intricate web of economic, political, and cultural interactions that occurred along these ancient trade routes.
What sets this book apart is its ability to seamlessly blend storytelling with scholarly research. Frankopan’s engaging prose transports readers to distant lands, introducing them to a colorful cast of characters, from merchants and conquerors to scholars and explorers. The author’s meticulous attention to detail ensures that every page brims with fascinating anecdotes and insights.
By shining a spotlight on the Silk Roads, Frankopan challenges the traditional Eurocentric view of history, highlighting the pivotal role that Asia and the Middle East have played in shaping the world we live in today. He reveals how the exchange of goods, ideas, and knowledge along these routes had far-reaching consequences, influencing everything from the rise and fall of empires to the spread of religions and the development of new technologies.
The Silk Roads is not just a book about economic history; it is a captivating exploration of the forces that have shaped our world. Frankopan’s masterful storytelling and meticulous research make this a must-read for anyone interested in understanding the complex tapestry of human civilization and the enduring impact of the Silk Roads.
The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
by Ruchir Sharma
The Rise and Fall of Nations: Forces of Change in the Post-Crisis World by Ruchir Sharma is a captivating book on economic history that delves into the intricate dynamics of global economies. Sharma, a renowned economist and strategist, takes readers on a thrilling journey through time, exploring the rise and fall of nations and the forces of change that have shaped our modern world.
The Euro: How a Common Currency Threatens the Future of Europe
by Joseph E. Stiglitz
The Euro: How a Common Currency Threatens the Future of Europe by Joseph E. Stiglitz is a captivating book on economic history that delves into the intricacies of the European Union’s monetary experiment. Stiglitz, a Nobel laureate in economics, provides a thought-provoking analysis of the economic history that led to the creation of the Euro and the potential consequences it poses for the future of Europe.
The Great Escape: Health, Wealth, and the Origins of Inequality
by Angus Deaton
The Great Escape: Health, Wealth, and the Origins of Inequality by Angus Deaton is a captivating book on economic history that delves into the fascinating story of how humanity has achieved unprecedented progress in the realms of health and wealth. Deaton, a Nobel laureate in economics, takes us on a journey through time, exploring the origins of inequality and the remarkable transformations our world has undergone.
Through meticulous research and engaging storytelling, Deaton uncovers the intricate relationship between health, wealth, and inequality. He explores how societal progress has led to significant improvements in life expectancy, healthcare, and standards of living. From the eradication of deadly diseases to the rise of prosperity, Deaton reveals the complex interplay of economic forces that have shaped our world.
This thought-provoking book about economic history challenges traditional notions and sheds light on the factors that have contributed to the persistent disparities in health and wealth across different countries and populations. Deaton explores the impact of political, social, and economic systems, as well as cultural norms and technological advancements, in shaping the trajectory of nations.
By analyzing a vast array of data and historical examples, Deaton provides valuable insights into the factors that have influenced inequality over the centuries. He tackles important questions about poverty, inequality, and the role of globalization, offering a comprehensive understanding of the challenges our world faces today.
With its accessible writing style and compelling narrative, this economic history book will captivate both experts and general readers. Deaton’s ability to distill complex ideas into relatable stories makes The Great Escape a must-read for anyone interested in understanding the past, present, and future of health, wealth, and inequality.
The Power of Gold: The History of an Obsession
by Peter L. Bernstein
The Power of Gold: The History of an Obsession by Peter L. Bernstein is a captivating book on the mesmerizing tale of humanity’s obsession with the shiny metal that has shaped the course of our civilization. Considered a classic in the realm of economic history, Bernstein’s work delves deep into the intriguing story of gold, exploring its origins, its role in the rise and fall of empires, and its impact on the global economy throughout the ages.
The Age of Capital: 1848-1875
by Eric Hobsbawm
The Age of Capital: 1848-1875 by Eric Hobsbawm is a fascinating journey into the heart of a rapidly changing world. This enthralling book on economic history takes us back to a time when the world was on the cusp of an industrial revolution, and capitalism was emerging as the dominant force shaping society.
Step into the shoes of Hobsbawm as he guides you through the bustling streets of cities, the sprawling factories, and the minds of the people who were at the forefront of this transformative era. With meticulous research and a keen eye for detail, he weaves together the economic, political, and social threads that shaped the world during this period.
But The Age of Capital is not just a dry economic history book. It is a captivating story of human ingenuity, ambition, and struggle. Hobsbawm brings to life the individuals who played key roles in this era, from the powerful industrialists to the exploited workers, from the political leaders to the revolutionary thinkers.
Prepare to be immersed in a world of innovation and upheaval, as you uncover the secrets of the rapid economic growth, the rise of global trade, and the social consequences of this new era. Hobsbawm’s writing style is engaging and accessible, making complex economic concepts easy to understand and appreciate.
Whether you are a history buff, an economist, or simply curious about the forces that have shaped our world, The Age of Capital: 1848-1875 is a must-read. This book about economic history will transport you back in time and leave you with a deeper understanding of the origins of the modern capitalist world we live in today.
The World in Depression, 1929-1939
by Charles P. Kindleberger
The World in Depression, 1929-1939 by Charles P. Kindleberger is a captivating book on economic history that plunges readers into the depths of the Great Depression. This intriguing account takes us on a journey through the tumultuous events that unfolded during this era, shedding light on the economic turmoil that gripped the world.
The Making of Modern Economics: The Lives and Ideas of the Great Thinkers
by Mark Skousen
The Making of Modern Economics: The Lives and Ideas of the Great Thinkers by Mark Skousen is a captivating book about the fascinating world of economic history. Skousen takes readers on an intellectual journey through the lives and ideas of the great thinkers who shaped the field of economics. This enthralling book on economic history delves into the lives of influential economists, from Adam Smith and Karl Marx to Milton Friedman and John Maynard Keynes.
Skousen skillfully weaves together biographical details and key insights from these brilliant minds, providing readers with a comprehensive understanding of the development of economic thought throughout history. By exploring the personal experiences and intellectual breakthroughs of these renowned economists, Skousen brings economic history to life in a way that is both educational and entertaining.
What sets this book about economic history apart is its engaging narrative style and its ability to make complex economic theories accessible to a wide audience. Skousen skillfully breaks down abstract concepts and presents them in a clear and concise manner, making this economic history book a valuable resource for both students and enthusiasts of the field.
The Making of Modern Economics is not just a dry recollection of facts and figures; it is a captivating exploration of the ideas that have shaped our understanding of the economy and society as a whole. Skousen’s passion for the subject shines through in every page, making this book a joy to read for anyone interested in the history of economics.
Whether you are an experienced economist or simply curious about the origins of economic thought, The Making of Modern Economics: The Lives and Ideas of the Great Thinkers is a must-read. Skousen’s engaging storytelling and comprehensive coverage of economic history make this book a valuable addition to any library.
The Big Short: Inside the Doomsday Machine
by Michael Lewis
The Big Short: Inside the Doomsday Machine by Michael Lewis is not your typical book on economic history. It is a gripping and eye-opening exploration of the financial crisis that shook the world in 2008. Lewis takes us on a rollercoaster ride through the murky depths of Wall Street, where greed, ignorance, and corruption collided to create a catastrophic disaster.
This compelling book about economic history is not just a dry recitation of facts and figures. Lewis masterfully weaves together the stories of a few individuals who saw the crisis coming and bet against the housing market, ultimately making billions. These outsiders, or ‘outsiders’, as Lewis calls them, include a hedge fund manager with a glass eye, a socially awkward genius, and a former neurologist-turned-investor.
Through their experiences and insights, Lewis exposes the flaws and systemic issues that led to the collapse of the subprime mortgage market. He delves into the complex world of mortgage-backed securities, collateralized debt obligations, and credit default swaps, explaining them in a way that even those without a background in finance can understand.
With his trademark wit and storytelling prowess, Lewis paints a vivid picture of the greed and recklessness that permeated the financial industry in the years leading up to the crisis. He highlights the complicity of major banks, rating agencies, and government regulators in perpetuating the bubble, while ordinary people suffered the consequences.
This economic history book is not just a cautionary tale; it is a call to action. Lewis challenges readers to question the status quo and demand accountability from those in power. He reminds us that the lessons of the financial crisis must not be forgotten, lest we repeat the mistakes of the past.
If you’re looking for a thought-provoking and entertaining read that will leave you with a better understanding of the events that shaped our world, The Big Short is a must-read. Whether you have a deep interest in finance or are simply curious about how the global economy functions, this book will captivate and enlighten you.
Conclusion
In conclusion, these 20 books about economic history offer a fascinating exploration of the forces that have shaped our economies throughout history. From the rise and fall of empires to the impact of technological advancements, these books provide valuable insights into the complex world of economics. Whether you are a student, a history enthusiast, or simply curious about how economies evolve, these books are sure to engage and enlighten you. So, dive into these pages and embark on a journey through the fascinating world of economic history.