Great Basin Kingdom: An Economic History of the Latter-day Saints, 1830-1900


Leonard J. Arrington - 1958
    Great Basin Kingdom is perhaps his greatest work. A classic in Mormon studies and western history, Great Basin Kingdom offers insights into the 'underdeveloped' American economy, a comprehensive treatment of one of the few native American religious movements, and detailed, exciting stories from little-known phases of Mormon and American history. This edition includes thirty new pictures and an introduction by Ronald W. Walker that provides a brief biography of Arrington, as well as the history of the work, its place in Mormon and western historiography, and its lasting impact.

The Bourgeois Virtues: Ethics for an Age of Commerce


Deirdre Nansen McCloskey - 2006
    And for a millennium and a half, the philosophers and theologians of Europe have scorned the marketplace. The bourgeois life, capitalism, Mencken’s “booboisie” and David Brooks’s “bobos”—all have been, and still are, framed as being responsible for everything from financial to moral poverty, world wars, and spiritual desuetude. Countering these centuries of assumptions and unexamined thinking is Deirdre McCloskey’s The Bourgeois Virtues, a magnum opus that offers a radical view: capitalism is good for us.McCloskey’s sweeping, charming, and even humorous survey of ethical thought and economic realities—from Plato to Barbara Ehrenreich—overturns every assumption we have about being bourgeois. Can you be virtuous and bourgeois? Do markets improve ethics? Has capitalism made us better as well as richer? Yes, yes, and yes, argues McCloskey, who takes on centuries of capitalism’s critics with her erudition and sheer scope of knowledge. Applying a new tradition of “virtue ethics” to our lives in modern economies, she affirms American capitalism without ignoring its faults and celebrates the bourgeois lives we actually live, without supposing that they must be lives without ethical foundations. High Noon, Kant, Bill Murray, the modern novel, van Gogh, and of course economics and the economy all come into play in a book that can only be described as a monumental project and a life’s work. The Bourgeois Virtues is nothing less than a dazzling reinterpretation of Western intellectual history, a dead-serious reply to the critics of capitalism—and a surprising page-turner.

What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar


Murray N. Rothbard - 1963
    The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. The Case for a 100 Percent Gold Dollar was written a decade before the last vestiges of the gold standard were abolished. His unique plan for making the dollar sound again still holds up. Some people have said: Rothbard tells us what is wrong with money but not what to do about it. Well, by adding this essay, the problem and the answer are united in a comprehensive whole. After presenting the basics of money and banking theory, he traces the decline of the dollar from the 18th century to the present, and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard. The book made huge theoretical advances. He was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. The passion that Murray feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject, and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it. Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved. Since Rothbard's death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction.

The Social Order of the Underworld: How Prison Gangs Govern the American Penal System


David Skarbek - 2014
    Few people think of gangs as sophisticated organizations (often with elaborate written constitutions) that regulate the prison black market, adjudicate conflicts, and strategically balance the competing demands of inmates, gang members, and correctional officers. Yet as David Skarbek argues, gangs form to create order among outlaws, producing alternative governance institutions to facilitate illegal activity. He uses economics to explore the secret world of the convict culture, inmate hierarchy, and prison gang politics, and to explain why prison gangs form, how formal institutions affect them, and why they have a powerful influence over crime even beyond prison walls. The ramifications of his findings extend far beyond the seemingly irrational and often tragic society of captives. They also illuminate how social and political order can emerge in conditions where the traditional institutions of governance do not exist.

Japan and the Shackles of the Past


R. Taggart Murphy - 2014
    Yet it has not been an easy path; military catastrophe, political atrophy, and economic upheavals have made regular appearances from the feudal era to the present. Today, Japan is seen as a has-been with a sluggish economy, an aging population, dysfunctional politics, and a business landscape dominated by yesterday's champions. Though it is supposed to be America's strongest ally in the Asia-Pacific region, it has almost entirely disappeared from the American radar screen.In Japan and the Shackles of the Past, R. Taggart Murphy places the current troubles of Japan in a sweeping historical context, moving deftly from early feudal times to the modern age that began with the Meiji Restoration. Combining fascinating analyses of Japanese culture and society over the centuries with hard-headed accounts of Japan's numerous political regimes, Murphy not only reshapes our understanding of Japanese history, but of Japan's place in the contemporary world. He concedes that Japan has indeed been out of sight and out of mind in recent decades, but contends that this is already changing. Political and economic developments in Japan today risk upheaval in the pivotal arena of Northeast Asia, inviting comparisons with Europe on the eve of the First World War. America's half-completed effort to remake Japan in the late 1940s is unraveling, and the American foreign policy and defense establishment is directly culpable for what has happened. The one apparent exception to Japan's malaise is the vitality of its pop culture, but it's actually no exception at all; rather, it provides critical clues to what is going on now.With insights into everything from Japan's politics and economics to the texture of daily life, gender relations, the changing business landscape, and popular and high culture, Japan and the Shackles of the Past is the indispensable guide to understanding Japan in all its complexity.

The Ungovernable City


Vincent J. Cannato - 2001
    With peerless authority, Cannato explores how Lindsay Liberalism failed to save New York, and, in the opinion of many, left it worse off than it was in the mid-1960's.

Prosperity & Violence: The Political Economy of Development


Robert H. Bates - 2001
    Brief and compelling, Prosperity & Violence is certain to be an excellent supplement in any comparative politics course.

God of the Machine


Isabel Paterson - 1943
    When it was published in 1943, Isabel Paterson's work provided fresh intellectual support for the endangered American belief in individual rights, limited government, and economic freedom. The crisis of today's collectivized nations would not have surprised Paterson; in The God of the Machine, she had explored the reasons for collectivism's failure. Her book placed her in the vanguard of the free-enterprise movement now sweeping the world.Paterson sees the individual creative mind as the dynamo of history, and respect for the individual's God-given rights as the precondition for the enormous release of energy that produced the modern world. She sees capitalist institutions as the machinery through which human energy works, and government as a device properly used merely to cut off power to activities that threaten personal liberty.Paterson applies her general theory to particular issues in contemporary life, such as education, .social welfare, and the causes of economic distress. She severely criticizes all but minimal application of government, including governmental interventions that most people have long taken for granted. The God of the Machine offers a challenging perspective on the continuing, worldwide debate about the nature of freedom, the uses of power, and the prospects of human betterment.Stephen Cox's substantial introduction to The God of the Machine is a comprehensive and enlightening account of Paterson's colorful life and work. He describes The God of the Machine as "not just theory, but rhapsody, satire, diatribe, poetic narrative." Paterson's work continues to be relevant because "it exposes the moral and practical failures of collectivism, failures that are now almost universally acknowledged but are still far from universally understood." The book will be essential to students of American history, political theory, and literature.

The City-State of Boston: The Rise and Fall of an Atlantic Power, 1630-1865


Mark Peterson - 2019
    Wresting this iconic urban center from these misleading, tired clich�s, The City-State of Boston highlights Boston's overlooked past as an autonomous city-state, and in doing so, offers a pathbreaking and brilliant new history of early America. Following Boston's development over three centuries, Mark Peterson discusses how this self-governing Atlantic trading center began as a refuge from Britain's Stuart monarchs and how--through its bargain with slavery and ratification of the Constitution--it would tragically lose integrity and autonomy as it became incorporated into the greater United States.Drawing from vast archives, and featuring unfamiliar figures alongside well-known ones, such as John Winthrop, Cotton Mather, and John Adams, Peterson explores Boston's origins in sixteenth-century utopian ideals, its founding and expansion into the hinterland of New England, and the growth of its distinctive political economy, with ties to the West Indies and southern Europe. By the 1700s, Boston was at full strength, with wide Atlantic trading circuits and cultural ties, both within and beyond Britain's empire. After the cataclysmic Revolutionary War, "Bostoners" aimed to negotiate a relationship with the American confederation, but through the next century, the new United States unraveled Boston's regional reign. The fateful decision to ratify the Constitution undercut its power, as Southern planters and slave owners dominated national politics and corroded the city-state's vision of a common good for all.Peeling away the layers of myth surrounding a revered city, The City-State of Boston offers a startlingly fresh understanding of America's history.

Chicago: A Biography


Dominic A. Pacyga - 2009
    Nelson Algren declared it a “City on the Make.” Carl Sandburg dubbed it the “City of Big Shoulders.” Upton Sinclair christened it “The Jungle,” while New Yorkers, naturally, pronounced it “the Second City.” At last there is a book for all of us, whatever we choose to call Chicago. In this magisterial biography, historian Dominic Pacyga traces the storied past of his hometown, from the explorations of Joliet and Marquette in 1673 to the new wave of urban pioneers today. The city’s great industrialists, reformers, and politicians—and, indeed, the many not-so-great and downright notorious—animate this book, from Al Capone and Jane Addams to Mayor Richard J. Daley and President Barack Obama. But what distinguishes this book from the many others on the subject is its author’s uncommon ability to illuminate the lives of Chicago’s ordinary people. Raised on the city’s South Side and employed for a time in the stockyards, Pacyga gives voice to the city’s steelyard workers and kill floor operators, and maps the neighborhoods distinguished not by Louis Sullivan masterworks, but by bungalows and corner taverns.  Filled with the city’s one-of-a-kind characters and all of its defining moments, Chicago: A Biography is as big and boisterous as its namesake—and as ambitious as the men and women who built it.

ReORIENT: Global Economy in the Asian Age


André Gunder Frank - 1998
    In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. European states, he says, used the silver extracted from the American colonies to buy entry into an expanding Asian market that already flourished in the global economy. Resorting to import substitution and export promotion in the world market, they became Newly Industrializing Economies and tipped the global economic balance to the West. That is precisely what East Asia is doing today, Frank points out, to recover its traditional dominance. As a result, the "center" of the world economy is once again moving to the "Middle Kingdom" of China. Anyone interested in Asia, in world systems and world economic and social history, in international relations, and in comparative area studies, will have to take into account Frank's exciting reassessment of our global economic past and future.

The Privatisation of Roads & Highways: Human and Economic Factors


Walter Block - 2009
    It is bold, innovative, radical, compelling, and shows how free-market economic theory is the clarifying lens through which to see the failures of the state & see the alternative that is consistent with human liberty. He shows that even the worst, off-the-cuff scenario of life under private ownership of roads would be fantastic by comparison to the existing reality of government-ownership. That is only the beginning of what Block has done. He has made a lengthy, detailed, and positive case that the privatization of roads would be socially optimal in every way. It would save lives, curtail pollution, save us (as individuals!) money, save us massive time, introduce accountability, & make transportation a pleasure instead of a pain in the neck. Because this is the first-ever complete book on this topic, the length & detail are necessary. He shows that this is not some libertarian pipe-dream but the most practical application of free-market logic. Block is dealing with something that confronts us everyday. And in so doing, he illustrates the power of economic theory to take an existing set of facts and help you see them in a completely different way. What's also nice is that the prose has great passion about it, despite the great scholarly detail. He loves answering the objections (aren't roads public goods? Aren't roads too expensive to build privately?) and making the case, fully aware that he has to overcome a deep and persistent bias in favor of public ownership. The writer burns with a moral passion on the subjects of highway deaths and pollution issues. His "Open Letter to Mothers Against Drunk Driving" is a thrill to read! The book comes together as a battle plan against government roads and a complete roadmap for a future of private transportation.

Southern California: An Island on the Land


Carey McWilliams - 1946
    and It Does That By Looking At Personalities As Diverse As Helen Hunt Jackson To Aimee Semple McPherson, Huntington The Finan- Cier To Hatfield The Rainmaker.

The Great Triumvirate: Webster, Clay, and Calhoun


Merrill D. Peterson - 1987
    Calhoun represented the foremost statemen of their age. In the decades preceding the Civil War, they dominated American congressional politics as no other figures have. Now Merrill D. Peterson, one of our most gifted historians, brilliantly re-creates the lives and times of these great men in this monumental collective biography. Arriving on the national scene at the onset of the War of 1812 and departing political life during the ordeal of the Union in 1850-52, Webster, Clay, and Calhoun opened--and closed--a new era in American politics. In outlook and style, they represented startling contrasts: Webster, the Federalist and staunch New England defender of the Union; Clay, the war hawk and National Rebublican leader from the West; Calhoun, the youthful nationalist who became the foremost spokesman of the South and slavery. They came together in the Senate for the first time in 1832, united in their opposition of Andrew Jackson, and thus gave birth to the idea of the Great Triumvirate. Entering the history books, this idea survived the test of time because these men divided so much of American politics between them for so long. Peterson brings to life the great events in which the Triumvirate figured so prominently, including the debates on Clay's American System, the Missouri Compromise, the Webster-Hayne debate, the Bank War, the Webster-Ashburton Treaty, the annexation of Texas, and the Compromise of 1850. At once a sweeping narrative and a penetrating study of non-presidential leadership, this book offers an indelible picture of this conservative era in which statesmen viewed the preservation of the legacy of free government inherited from the Founding Fathers as their principal mission. In fascinating detail, Peterson demonstrates how precisely Webster, Clay, and Calhoun exemplify three facets of this national mind.

Great Myths of the Great Depression


Lawrence W. Reed - 2009
    In this essay based on a popular lecture, Foundation for Economic Education President Lawrence W. Reed debunks this conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe. Lawrence W. ("Larry") Reed became president of the Foundation for Economic Education (FEE) in 2008. Prior to becoming FEE's president, he served for twenty years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its Department of Economics from 1982 to 1984. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the United States and abroad. The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society, and the economic, legal, and ethical principles that make it possible. At FEE, you’ll be connected with people worldwide who share those values and are inspired by the dynamic ideas of free association, free markets, and a diverse civil society. Explore freedom’s limitless possibilities through seminars, classroom resources, social media, and daily content at FEE.org. Learn how your creativity and initiative can result in a prosperous and flourishing life for yourself and the global community. Whether you are just beginning to explore entrepreneurship, economics, or creating value for others or are mentoring others on their journeys, FEE has everything you need. FEE is supported by voluntary, tax-deductible contributions from individuals, foundations, and businesses who believe that it is vital to cultivate a deep appreciation in every generation for individual liberty, personal character, and a free economy. Supporters  receive a subscription to FEE's flagship magazine, the Freeman, also available at FEE.org.