Reading List for Alternative Banking

Recommended Reading

  1. The Big Short (Michael Lewis)
  2. Debt: The First 5000 Years (David Graeber)
  3. Inside Job (Ferguson)
  4. The Two Faces of Money (Geraldine Perry)
  5. Lincoln Money Martyred (Dr. R. E. Search)
  6. Fools Gold (Gillian Tett)
  7. Lords of Finance (Liaquat Ahamed)
  8. Secrets of the Temple (William Greider)
  9. I.O.U. (John Lanchester)
  10. ECONned (Yves Smith)
  11. Griftopia (Matt Taibbi)
  12. The Best Way to Rob a Bank is to Own One (William Black)
  13. My Life as a Quant (Emanuel Derman)
  14. Models. Behaving. Badly. (Emanuel Derman)
  15. Liquidated: an Ethnography of Wall Street (Karen Ho)
  16. Wealth of Nations (Adam Smith)
  17. Traders, Guns, and Money (Satyajit Das)
  18. F.I.A.S.C.O. (Frank Partnoy)
  19. The Lost Science of Money (Steven Zarlenga)

Recommended Audio or Movies

  1. Moyers & Company (Bill Moyers with Gretchen Morgenson and David Stockman)
  2. This American Life (Foxconn)
  3. Margin Call
  4. Inside Job

 

Please comment if you have more suggestions for our lists.

13 thoughts on “Reading List for Alternative Banking

  1. Here is a suggestion for the reading list. While this book is out of print…the author and the subject matter are invaluable. You can find used copies on Amazon (about $99.+/-….it is worth every cent.
    from the inside jacket cover: “You might consider this a mystery book or a crime book.It’s about money –mostly your money –and about bankers, politician, theft and fraud….in what may be the biggest crime of history.’

    MONEY by James E. Ewart
    Principia Publishing, Inc.
    Seattle, WA.

    Also:

    The Creature from Jekyl Island [how the FED came into being]
    by: G. Edward Griffin

  2. My suggestion for the reading list is:

    Economics for Real people by Gene Callahan. After Reading this book I was able to understand what a true “clean slate” would look like and how to spot the seeds of true causes of booms, and busts; how new rules would change the behavior of the players; understand how one change would cause excesses and or shortages in other things (including money), and much more. This is an excellent book that can help readers stay ahead of the game when it comes to medium and long term economic trends.

    http://www.amazon.com/Economics-Real-People-Gene-Callahan/dp/0945466412/ref=sr_1_1?s=books&ie=UTF8&qid=1333336199&sr=1-1

  3. I will try to read as much as I can from your reading list, but I would like to know what I can do to help. I strongly believe that while the U.S. does need a financial system, because society is too complex to do without, it does not need to be a system that sucks the lifeblood from the rest of society. I also believe that financial reform should go hand in hand with campaign finance reform, because Citizens United sold out our democracy to big business, or is in the process of doing so. Thirdly, I strongly believe that these two items are what the Occupy Movement should focus on, because the way the system is now, money really is the root of all evil. What can I do to help? I’m an unemployed 46-year-old white female suburbanite. I can make time to do things, but I would rather they be effective than media gimmicks.

  4. Another highly recommended book is All The Devils Are Here by Bethany McClain and Joe Nocera. It’s an excellent comprehensive history of the financial crisis. In fact, if you can only read one book about the financial crisis, I think this one would be the one.

  5. First, thank you. Kathy, for such common sense everything.
    As someone who has struggled to grasp finance and economics, (and anything with numbers in it) except from time to time having flashes of not feeling so thick in the head when economists and financiers have obviously got it so wrong, I’m finally reading Ellen Hodgson Brown’s ‘Web of Debt’ and it’s opening up a window, breaching the firewall, something! It’s accessibly written and absorbing, has a p.o.v. as the title suggests but also the a backup battery citations. And Frank L.Baum’s allegorical Wizard of Oz (the first moview i saw as a child) lives on.
    I’m watching the Senate Banking, Housing and Urban Affairs hearing with Mary Shapiro, Chair SEC and Gary Gensler re Derivatives Market Regulations and Oversight on C-SPAN (long live Brian Lamb!) Where can one read notes, or report out of the OWS group that is liaising with the SEC. as referred in the excellent FRONTLINE docu.?
    Mille grazie per tutti

  6. Great list. Thanks , got a lot of reading to do.

    (A). However I am surprised “Web Of Debt” is not on the list.
    (B).And how could you go on to a “betterment of mankind” within reading
    Michael Hudson “Compound Interest” ( http://michael-hudson.com/2001/04/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-ii/
    (C) Frederick Soddy
    From Wikipedia, the free encyclopedia…..
    “…In four books written from 1921 to 1934, Soddy carried on a “quixotic campaign for a radical restructuring of global monetary relationships”, offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was “roundly dismissed as a crank”. While most of his proposals – “to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort” – are now conventional practice, his critique of fractional-reserve banking still “remains outside the bounds of conventional wisdom”. Soddy wrote that financial debts grew exponentially at compound interest …

    Justaluckyfool asks “…while most of his proposals are now conventional practice…”, why is he ignored? Is the world really flat, does the Sun revolve around the world, are banks solvent ? ?
    http://archive.org/stream/roleofmoney032861mbp/roleofmoney032861mbp_djvu.txt
    THE
    ROLE OF MONEY
    WHAT IT SHOULD BE,
    CONTRASTED WITH WHAT IT HAS BECOME
    By
    FREDERICK SODDY
    M.A. (Oxon) ; LL.D. (Glasgow) ; F.R.S. ; Nobel Laureate
    in Chemistry, 1921 ; Author of ” Wealth,
    Virtual Wealth , and Debt ” ;
    Printed in 1926,1933

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