The most recommended books on capitalism

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.

I grew up in Nepal, where politics was part and parcel of everyday life. During my childhood and teenage years, we lived under a monarchy, where the king was supreme. Yet there was always a simmering tension between what was a mildly authoritarian rule and what the people’s aspirations were. As I grew into adulthood, Nepal saw a massive uprising that ushered in a multiparty system, then later, after a bloody Maoist civil war, the overthrow of the crown. Yet, even amidst all these political upheavals, people do live quotidian lives, and the space between these two seemingly disparate things has always felt like a literary goldmine to me. 

Núria Añó is a Spanish novelist and biographer. She writes on authors like Elfriede Jelinek, Patricia Highsmith, Salka Viertel, Alexandre Dumas fils, Franz Werfel or Karen Blixen. Her writing centers on the characters’ psychology, often through the use of anti-heroes. The characters stand out most about her work; they are more relevant than the topic itself. With an introspection, a reflection, not sentimental, but feminine, she finds a unique balance between the marginal worlds of parallels. Her novels deal with important social and current themes like injustice or lack of communication between individuals.

Since 2008, I have conducted research on themes related to International Political Economy. I am currently the co-chair of the research committee on this topic at the International Political Science Association (IPSA) and am passionate about making sense of the interplay between material and symbolic factors that shape capitalism and globalisation. Being based in Brazil, I was stuck when the country—which did not have salient identity cleavages in politics—came to be, after 2008, a hotspot of religious-based right-wing populism associated with the defence of trade liberalisation as globalisation started to face meaningful backlash from White-majority constituencies who are relatively losers of the post-Cold War order in the advanced industrialised democracies.

Observant of the world around me, and intellectual, I discovered my ideal way of life at age 16 when I read Kroeber's massive textbook Anthropology, 1948 edition. Anthropologists study everything human, everywhere and all time. Archaeology particularly appealed to me because it is outdoors, physical, plus its data are only the residue of human activities, challenging us to figure out what those people, that place and time, did and maybe thought. As a woman from before the Civil Rights Act, a career was discouraged; instead, I did fieldwork with my husband, and on my own, worked with First Nations communities on ethnohistorical research. Maverick, uppity, unstoppable, like in these books.

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. 

Jonah Berger is a Wharton School professor and internationally bestselling author of Magic Words, Contagious, Invisible Influence, and The Catalyst. Dr. Berger is a world-renowned expert on natural language processing, change, word of mouth, influence, consumer behavior, and why things catch on. He has published over 80 articles in top‐tier academic journals, teaches one of the world’s most popular online courses, and popular outlets like The New York Times and Harvard Business Review often cover his work. Berger has keynoted hundreds of major conferences and events like SXSW and Cannes Lions, advises various early-stage companies, and consults for organizations like Apple, Google, Nike, Amazon, GE, Moderna, and The Gates Foundation.

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.

Since I was a kid I’ve loved being outdoors, scrambling up rocks and smelling trees, exploring. But during the years I worked an office job in New York City, I was able to hike and feel truly free only rarely. So I quit my job to go on a Great American Road Trip to national parks and other natural areas in our country. Here are some of the books that, to me, best encapsulate that feeling of loving nature so much it opens up whole worlds inside of you.

Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.