Historical Perspectives on Markets, Capitalism, Economics & Business

Online Courses

  1. American Capitalism – A History (Cornell University)
  2. Global History of Capitalism (Princeton University)
  3. Global Perspectives on Industrialization (Michigan Technological University)

The video slider contains the trailer for the first two courses.

Books

All you can know about a book without actually reading it: the Moral Markets bookshelf

Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank
Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank (2021)
Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age
Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age (2021)
Ages of American Capitalism: A History of the United States
Ages of American Capitalism: A History of the United States (2021)
Capital and Imperialism: Theory, History, and the Present
Capital and Imperialism: Theory, History, and the Present (2021)
Histories of Racial Capitalism
Histories of Racial Capitalism (2021)
Capitalism Before Corporations: The morality of business associations and the roots of commercial equity and law
Capitalism Before Corporations: The Morality of Business Associations and the Roots of Commercial Equity and Law (2021)
Religion and the Rise of Capitalism
Religion and the Rise of Capitalism (2021)
More: The 10,000-Year Rise of the World Economy
More: The 10,000-Year Rise of the World Economy (2020)
Veblen: The Making of an Economist Who Unmade Economics
Veblen: The Making of an Economist Who Unmade Economics (2020)
Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World
Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World (2020)
Capitalism As Civilisation: A History of International Law
Capitalism As Civilisation: A History of International Law (2020)
Not Made by Slaves: Ethical Capitalism in the Age of Abolition
Not Made by Slaves: Ethical Capitalism in the Age of Abolition (2020)
The Hidden History of Monopolies: How Big Business Destroyed the American Dream
The Hidden History of Monopolies: How Big Business Destroyed the American Dream (2020)
Entrepreneurs and Capitalism since Luther: Rediscovering the Moral Economy Hardcover
Entrepreneurs and Capitalism since Luther: Rediscovering the Moral Economy (2020)
The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes (2020)
The Classical School: The Birth of Economics in 20 Enlightened Lives
The Classical School: The Birth of Economics in 20 Enlightened Lives (2020)
Foretelling the End of Capitalism: Intellectual Misadventures since Karl Marx
Foretelling the End of Capitalism: Intellectual Misadventures since Karl Marx (2020)
From Head Shops to Whole Foods: The Rise and Fall of Activist Entrepreneurs
From Head Shops to Whole Foods: The Rise and Fall of Activist Entrepreneurs (2020)
The Enchantments of Mammon; How Capitalism Became the Religion of Modernity
The Enchantments of Mammon; How Capitalism Became the Religion of Modernity (2019)
The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process
The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process (2019)
Capitalism, Alone; The Future of the System that Rules the World
Capitalism, Alone: The Future of the System That Rules the World (2019)
The Economists' Hour; False Prophets, Free Markets and the Fracture of Society
The Economists' Hour: How the False Prophets of Free Markets Fractured Our Society (2019)
the Anxious Triumph; A Global History of Capitalism
The Anxious Triumph; A Global History of Capitalism, 1860-1914 (2019)
The Technology Trap; Capital, Labor and Power in the Age of Automation
The Technology Trap: Capital, Labor, and Power in the Age of Automation (2019)
A Brief History of Capitalistic Free Enterprise: And Why it is Better than Any Form of socialism
A Brief History of Capitalistic Free Enterprise: And Why it is Better than Any Form of socialism (2019)
Moral Economies, edited by Ute Frevert
Moral Economies (2019)
The Enlightened Capitalists; Cautionary Tales of Business Pioneers Who Tried to do Well by Doing Good
The Enlightened Capitalists; Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good (2019)
Globalists; The End of Empire and the Birth of Neoliberalism (2018)
Globalists; The End of Empire and the Birth of Neoliberalism (2018)
Book Cover: Greed, Self-Interest and the Shaping of Economics (2018)
Greed, Self-Interest and the Shaping of Economics (2018)
A Little History of Economics by Niall Kishtainy
A Little History of Economics (2018)
'We the Corporations' by Adam Winkler
We the Corporations; How American Businesses Won Their Civil Rights (2018)
leftism reinvented; western parties from socialism to neoliberalism
Leftism Reinvented; Western Parties from Socialism to Neoliberalism (2018)
The Market, by Matthew Watson
The Market (2017)
A History of the World in Seven Cheap Things
A History of the World in Seven Cheap Things; A Guide to Capitalism, Nature, and the Future of the Planet (2017)
The Color of Money; Black Banks and the Racial Wealth Gap
The Color of Money: Black Banks and the Racial Wealth Gap (2017)
Cover of 'The Moral Economists' by Tim Rogan
The Moral Economists; R.H. Tawney, Karl Polanyi, E.P. Thompson, and the Critique of Capitalism (2017)
Empire of Things; How We Became a World of Consumers
Empire of Things: How We Became a World of Consumers, from the 15th Century to the 21st (2016)
the invisible hand
The Invisible Hand? How Market Economies have Emerged and Declined Since AD 500 (2016)
Book Cover: Bourgeois Equality; How Ideas, Not Capital or Institutions, Enriched the World (2016)
Bourgeois Equality; How Ideas, Not Capital or Institutions, Enriched the World (2016)
Money Changes Everything; How Finance Made Civilization Possible
Money Changes Everything; How Finance Made Civilization Possible (2016)
Suspicions of Markets by Donald Rutherford
Suspicions of Markets; Critical Attacks from Aristotle to the Twenty-First Century (2016)
GDP; A Brief but Affectionate History
GDP: A Brief but Affectionate History (2015)
Conceptualizing Capitalism; Institutions, Evolution, Future
Conceptualizing Capitalism; Institutions, Evolution, Future (2015)
The Rise and Fall of Corporate CSR
The Rise and Fall of Corporate Social Responsibility (2015)
'Chicagonomics' by Larry Ebenstein
Chicagonomics; The Evolution of Chicago Free Market Economics (2015)
Capitalism: Money, Morals and Markets
Capitalism: Money, Morals and Markets (2015)
The Little Big Number; How GDP Came to Rule the World and What to Do about It
The Little Big Number: How GDP Came to Rule the World and What to Do about It (2015)
Buying Time; The Delayed Crisis of Democratic Capitalism
Buying Time; The Delayed Crisis of Democratic Capitalism (2014)
Quakernomics; An Ethical Capitalism
Quakernomics; An Ethical Capitalism (2014)
Inventing the market; Smith, hegel & political theory
Inventing the Market; Smith, Hegel, and Political Theory (2013)
Introducing Money by Mark Peacock
Introducing Money (2013)
Book Cover: Market Society; History, Theory, Practice (2012)
Market Society; History, Theory, Practice (2012)
the genesis and ethos of the market
The Genesis and Ethos of the Market (2012)
'Capitalism' by Paul Bowles
Capitalism (2012)
Reckoning with Markets; Moral Reflecion in Economics
Reckoning With Markets; The Role of Moral Reflection in Economics (2012)
the invention of market freedom
The Invention of Market Freedom (2011)
Economic of good and evul by Sedlacek
Economics of Good and Evil; The Quest for Economic Meaning from Gilgamesh to Wall Street (2011)
Book Cover: Bourgeois Dignity; Why Economics Can't Explain the Modern World (2010)
Bourgeois Dignity; Why Economics Can't Explain the Modern World (2010)
The Myth of the Rational Market
The Myth of the Rational Market; A History of Risk, Reward, and Delusion on Wall Street (2009)
Morals and Markets; An Evolutionary Account of the Modern World
Morals and Markets; An Evolutionary Account of the Modern World (2008)
cover of the authentic adam smith
The Authentic Adam Smith: His Life and Ideas (2006)
Th Bourgeois Virtues; Ethics for an Age of Commerce
The Bourgeois Virtues; Ethics for an Age of Commerce (2006)
The Truth about Markets
The Truth about Markets: Why Some Countries Are Rich and Others Remain Poor (2003)
Democracy against Capitalism; Renewing Historical Materialism
Democracy Against Capitalism; Renewing Historical Materialism (1995)
The Great Transformation by Karl Polanyi
The Great Transformation: The Political and Economic Origins of Our Time (1944)

Articles & Blogs

Hand-picked for you from around the web + original articles published just on the Moral Markets site

A New Rule Book for a New Transition

It appears that humanity’s industrial period, with all the benefits it has brought, is tilting out of stability (if there ever was one), and that a new transition, a new order, must take its place. We must, then, wonder: what will this new rule book entail? If all economics are economics of transition, then what does this transition need? What can it keep from its predecessors and what must it shed? This essay will analyze these questions as relating to three different components of the economy: the existence of a common goal, the role of labor, and the value of freedom.

Winner in the category master students of the Future Markets Consultation essay contest.

The Gospel of Capitalism is the Biggest Religion of All – Book Review

The latest book by Villanova University’s Eugene McCarraher, who teaches humanities, is a deep dive into the history of a perverted love story and a false religion — the western worship of money and markets. The author testifies against a creed that has dominated our lives since the 17th century and offers an imaginative look at what can help us break the spell. In the following essay, cultural historian Lynn Parramore discusses The Enchantments of Mammon: How Capitalism Became the Religion of Modernity.

Forms of Capital and Moral Legitimation of Capitalism

“All the chapters converge around that claim that, without both social and cultural capital in place, business owners are handicapped, and their enterprise cannot flourish even when money is abundant. However, the case studies also suggest that, although both resource types are still and always have been important, the balance of relative importance shifted over historic time from business-friendly ideas to business-supporting communities.”

How the Welfare State Became the Neoliberal Order

“Amy C. Offner’s Sorting Out the Mixed Economy remakes a popular understanding of how today’s neoliberalism was built. Offner shows that neoliberalism, rather than having been imposed by the Washington Consensus, was in fact first developed at a local level. The book shows American entrepreneurs, trained in big government as Lilienthal was, working together with Latin American businesses, banks, and landlords. It was when these new kinds of partnerships returned to the US—when private companies, treated as public concerns and sustained by government funds, began to take shape in the “developed” world—that neoliberalism truly began.”

The Post-Capitalist Hit of the Summer

“The pandemic has reinforced that which has been undermining the foundation of capitalism since 2008: the link between profit and capital accumulation. The current crisis has revealed a post-capitalist economy in which the markets for real goods and services no longer coordinate economic decision-making”, writes Yanis Varoufakis.

Fight for Economic Equality Is as Old as America Itself

“Americans are increasingly worried about the rising tide of economic inequality, as fewer control more wealth. For the origins of these concerns, commentators usually point to the Gilded Age at the end of the 19th century, when a few men gained immense wealth and power in the U.S. and workers suffered extreme poverty. But fears of great wealth and the need for economic equality go back to the country’s origins.”

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