The best books that explore what money is, from beginning to Bitcoin

Why am I passionate about this?

I am an English professor, and for the past decade I’ve focused my attention on the fiction that is money. I’ve also been a magazine writer for many years and came to money by a circuitous route through writing about food, which led to writing about global hunger, which in turn led to writing about how food gets its price, which finally and lastly led me to the strange ways of Wall Street – options, futures, and the idea that money can be manipulated into a story, a narrative, or as we say in English departments, a plot.


I wrote...

The Money Plot: A History of Currency's Power to Enchant, Control, and Manipulate

By Frederick Kaufman,

Book cover of The Money Plot: A History of Currency's Power to Enchant, Control, and Manipulate

What is my book about?

Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us.

The Money Plot tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. The book pierces through the haze of modern banking and finance, demonstrating that the standard reasons given for economic inequality are contingent upon structures people have designed. It shines a light on the one percent’s efforts to contain a money culture that benefits them within boundaries they themselves are increasingly setting. And Kaufman warns that if we cannot recognize what is going on, we run the risk of becoming pawns and shells ourselves, of becoming characters in someone else’s plot, of becoming other people’s money.

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The books I picked & why

Book cover of The Great Transformation: The Political and Economic Origins of Our Time

Frederick Kaufman Why did I love this book?

This book showed me the way to alternative understandings of money, from one culture to another, over vast periods of time and space. An extraordinary read. Polanyi influenced a little-known school of economics, yet one that is becoming more and more relevant as our understanding of money is transformed by alt- and cryptocurrencies.

By Karl Polanyi,

Why should I read it?

12 authors picked The Great Transformation as one of their favorite books, and they share why you should read it.

What is this book about?

In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.


Book cover of The Commercial Revolution of the Middle Ages, 950-1350

Frederick Kaufman Why did I love this book?

This is an academic book, but don’t let it scare you. As for me – it blew my mind! I had no idea of the level of economic sophistication and advance of Medieval Europe. Lopez explains in extraordinary detail the time period when our modern conception of money—as debt, as mortgage, as loans, and as an international object of commerce—was born.

By Robert S. Lopez,

Why should I read it?

1 author picked The Commercial Revolution of the Middle Ages, 950-1350 as one of their favorite books, and they share why you should read it.

What is this book about?

Professor Robert Lopez provides an incisive analysis of the economic structure of the Middle Ages. He makes use of modern economic concepts to explain how an underdeveloped economic system gave birth to the commercial revolution through which Europe succeeded in developing itself. The book goes far beyond the familiar picture of medieval European society, with its magnificent cathedrals and imposing castles, to concentrate instead on the walled cities and open countryside, for it was here that the revolution was born. Deftly and concisely, Professor Lopez traces the history of this remarkable economic upheaval which saw the rise of merchants and…


Book cover of Rabbit Is Rich

Frederick Kaufman Why did I love this book?

This is a novel from the “go-go ‘80s,” and delivers an insight into the money culture of modern middle class America. It’s a deep, comedic, and sad story of marriage, sex, gold, and dollars. The subtle characterizations gave me a strong sense of the human side of money, its emotional weight and valence—indeed, its pathos.

By John Updike,

Why should I read it?

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

What is this book about?

Winner of the Pulitzer Prize, the National Book Award, and the National Book Critics Circle Award
 
The hero of John Updike’s Rabbit, Run, ten years after the events of Rabbit Redux, has come to enjoy considerable prosperity as the chief sales representative of Springer Motors, a Toyota agency in Brewer, Pennsylvania. The time is 1979: Skylab is falling, gas lines are lengthening, and double-digit inflation coincides with a deflation of national self-confidence. Nevertheless, Harry “Rabbit” Angstrom feels in good shape, ready to enjoy life at last—until his wayward son, Nelson, returns from the West, and the image of an old…


Book cover of A Grammar of Motives

Frederick Kaufman Why did I love this book?

This is one of those lost academic works of genius of the 1950s, in which Burke, an English Professor, uses the idea of “grammar” to explain the motivations of characters in dramatic situations. This book inspired me to write about money as a quite literal “plot”—a way people tell stories about themselves and the universe.

By Kenneth Burke,

Why should I read it?

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

What is this book about?

Mr. Burke contributes an introductory and summarizing remark, "What is involved, when we say what people are doing and why they are doing it? An answer to that question is the subject of this book. The book is concerned with the basic forms of through which, in accordance with the nature of the world as all men necessarily experience it, are exemplified in the attributing of motives. These forms of though can be embodied profoundly or trivially, truthfully or falsely. They are equally present in systematically elaborated or metaphysical structures, in legal judgements, in poetry and fiction, in political and…


Book cover of The Measure of Reality: Quantification in Western Europe, 1250-1600

Frederick Kaufman Why did I love this book?

This is one of the most lucid explanations of our modern culture of numbers, and deals with topics ranging from music and architecture to, of course, money. It was the “big think” book that most inspired me to consider money not as something in and of itself, but as an artifact of a culture, transformed by time, place, and the genius of individuals.

By Alfred W. Crosby,

Why should I read it?

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

What is this book about?

Western Europeans were among the first, if not the first, to invent mechanical clocks, geometrically precise maps, double-entry bookkeeping, precise algebraic and musical notations, and perspective painting. By the sixteenth century more people were thinking quantitatively in western Europe than in any other part of the world. The Measure of Reality, first published in 1997, discusses the epochal shift from qualitative to quantitative perception in Western Europe during the late Middle Ages and Renaissance. This shift made modern science, technology, business practice and bureaucracy possible.


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Api's Berlin Diaries: My Quest to Understand My Grandfather's Nazi Past

By Gabrielle Robinson,

Book cover of Api's Berlin Diaries: My Quest to Understand My Grandfather's Nazi Past

Gabrielle Robinson Author Of Api's Berlin Diaries: My Quest to Understand My Grandfather's Nazi Past

New book alert!

Why am I passionate about this?

Author Retired english professor

Gabrielle's 3 favorite reads in 2023

What is my book about?

Gabrielle found her grandfather’s diaries after her mother’s death, only to discover that he had been a Nazi. Born in Berlin in 1942, she and her mother fled the city in 1945, but Api, the one surviving male member of her family, stayed behind to work as a doctor in a city 90% destroyed.

Gabrielle retraces Api’s steps in the Berlin of the 21st century, torn between her love for the man who gave her the happiest years of her childhood and trying to come to terms with his Nazi membership, German guilt, and political responsibility.

Api's Berlin Diaries: My Quest to Understand My Grandfather's Nazi Past

By Gabrielle Robinson,

What is this book about?

"This is not a book I will forget any time soon."
Story Circle Book Reviews

Moving and provocative, Api's Berlin Diaries offers a personal perspective on the fall of Berlin 1945 and the far-reaching aftershocks of the Third Reich.

After her mother's death, Robinson was thrilled to find her beloved grandfather's war diaries-only to discover that he had been a Nazi.

The award-winning memoir shows Api, a doctor in Berlin, desperately trying to help the wounded in cellars without water or light. He himself was reduced to anxiety and despair, the daily diary his main refuge. As Robinson retraces Api's…


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