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Economics/Political Economy Books |
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By: Herbert Spencer (1820-1903) | |
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Social Statics
Social Statics, or The Conditions essential to Happiness specified, and the First of them Developed is an 1851 book by the British polymath Herbert Spencer. In it, he uses the term "fitness" in applying his ideas of Lamarckian evolution to society, saying for example that "It is clear that any being whose constitution is to be moulded into fitness for new conditions of existence must be placed under those conditions. Or, putting the proposition specifically — it is clear that man can become adapted to the social state, only by being retained in the social state... |
By: Stuart Chase (1888-1985) | |
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Challenge of Waste
"The Challenge of Waste" examines the wasteful nature of the competitive market system, particularly from a Veblenian point of view. He also praises World War I era planning by the Fuel Administration and other government wartime agencies. |
By: Alfred Owen Crozier (1863-1939) | |
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U.S. Money vs. Corporation Currency, "Aldrich plan."
In 1908, the National Monetary Commission was established by Congress to study financial boom-and-bust cycles. Senator Nelson Aldrich was chair of the commission. He, in secret enclave with a group of bankers, drafted what was called The Aldrich Plan, which provided for a central "bank" that would hold funds individual banks could borrow in the case of a bank run, print currency, and act as the fiscal agent of the US government. However, the plan gave little power to the government and seemed to give almost absolute control of the country's currency to Wall Street financiers... | |
By: Gail Hamilton (1833-1896) | |
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Battle of the Books
"When, in the course of human events, it becomes necessary for an author to dissolve the bands which have connected him with his publishers, a decent respect for the opinions of mankind requires that he should declare the causes which impel him to the separation." So begins the alleged author's introduction to this work, which chronicles the conflict between a female author and her publisher. This conflict really did happen, although the details in this book are fictitious. For more information about the actual situation, see the author's Wikipedia article. |
By: Andrew Carnegie (1835-1919) | |
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Empire of Business
This collection of essays by Scottish-American steel industrialist Andrew Carnegie, gathered from various periodicals and first published in book form in 1902, provides insight into one of history’s richest and most notable entrepreneurs/philanthropists. Carnegie shares his outlook on the economic situation in America at the turn of the 20th century, the state of the US oil, coal, rail, and steel industries, the relationship between capital and labour, individualism vs. socialism, the public/private sector partnership, the upward climb of humanity into prosperity, the importance of land and population, trade and the best uses of tariffs, etc... |
By: Smedley Butler (1881-1940) | |
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War Is a Racket
Marine Maj. Gen. Smedley Butler's expose of American Corporate Imperialism. Butler said, “I served in all commissioned ranks from second lieutenant to Major General. And during that period I spent most of my time being a high-class muscle man for Big Business, for Wall Street, and for the bankers. In short, I was a racketeer for capitalism. I suspected I was just part of the racket all the time. Now I am sure of it.” - Summary by John Greenman and https://www.americanswhotellthetruth.org/portraits/major-general-smedley-butler |
By: Willard M. Smith | |
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Gloves Past and Present
From the preface: "For thirty years I have devoted myself to the practical problems of the glove industry, and my connection with one of the substantial firms of master-merchant-glovers in the world has taught me how little gloves are known or appreciated by the millions of persons who buy them and wear them. The pursuit of glove lore--the historic romance of the glove--has long since been with me a selfish recreation. Now I desire to share it, as well as the practical knowledge, with all men and women who have missed seizing upon the real relation which gloves bear to life." |
By: James Allen (1864-1912) | |
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Eight Pillars of Prosperity (Version 2)
“Prosperity, like a house, is a roof over a man’s head, affording him protection and comfort. A roof presupposes a support, and a support necessitates a foundation. The roof of prosperity, then, is supported by the following eight pillars which are cemented in a foundation of moral consistency: 1. Energy 2. Economy 3. Integrity 4. System 5. Sympathy 6. Sincerity 7. Impartiality 8. Self-reliance A business built up on the faultless practice of all these principles would be so firm and enduring as to be invincible.” - Summary by James Allen |
By: Presidential Task Force on Market Mechanisms | |
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Report of the Presidential Task Force on Market Mechanisms (The Brady Report)
From the close of trading on Tuesday, October 13, 1987, to the close of trading on October 19, 1987, the Dow Jones Industrial Average fell 769 points or 31 percent. On October 19, 1987, alone, the Dow fell by 508 points or 22.6 percent. Since the early 1920's, only the drop of 12.8 percent in the Dow on October 28, 1929 and the fall of 11.7 percent the following day, which together constituted the Crash of 1929, approached the October 19 decline in magnitude. The events of October demonstrated an unusual frailty in the markets... |
By: Karl Marx (1818-1883) | |
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Poverty of Philosophy
This work is a scathing criticism of the economic and philosophical arguments of Pierre-Joseph Proudhon's The Philosophy of Poverty. |
By: Various | |
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Rural Magazine and Literary Evening Fire-Side Vol 1 No 2
This is the second issue of a monthly agricultural magazine for the year 1820. From the introduction: "A leading object of the Rural Magazine will be to furnish correct views of the science of Agriculture, and the various improvements which are daily made or suggested in it. For this purpose the best and most recent European works on the subject will be consulted, and selections made from the American newspapers that are devoted or friendly to the cause. The best information on the subject will thus be condensed in a form less unwieldy than a newspaper, and more popular than in scientific books... |
By: F. J. Foakes-Jackson (1855-1941) | |
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Social Life in England 1750-1850
In 1916, the Cambridge historian, F.J. Foakes-Jackson braved the wartime Atlantic to deliver the Lowell Lectures in Boston. In these wide-ranging and engaging talks, the author describes British life between 1750-1850. There are John Wesley's horseback peregrinations over thousands of miles of English countryside. Next, Foakes-Jackson introduces the mordant rural poet, George Crabbe, who began life as a surgeon apothecary and ended up as a parish rector who made house calls. He gives us a female convict, assorted Cambridge University dons, Regency fops and rakes, and Victorian slices of life from Dickens and Thackeray... |