Global Capitalism
Its Fall and Rise in the Twentieth Century
by Jeffry A. Frieden · first published 2006
100% recommend
International trade at unprecedented levels, millions of people migrating yearly in search of jobs, the world's economies more open to one another than ever before--such was the global economy in 1900. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914. Globalization is a choice, not a fact--a result of policy decisions and the politics that shape them. Political scientist Frieden's history explores the golden age of globalization during the early years of the twentieth century, its swift collapse in the
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Aside from strict econ, finance and trading books, I'd heartily suggest economic history. One of my personal favorites: Global Capitalism, Its Fall and Rise in the Twentieth Century by Jeffry Frieden. https://www.amazon.com/Global-Capitalism-Fall-Twentieth-Cent... From the Journal of International Eeconomics' review: “Perhaps the greatest…
on “Ask HN: What are the must-read books about economics/finance?” ↗"Global Capitalism: Its Fall and Rise in the Twentieth Century" by Jeffry Frieden is a masterpiece. It will give you a thorough, expansive view of the global financial world - the major events and trends - as they unfolded…
on “Ask HN: What are the must-read books about economics/finance?” ↗Yes, we shouldn't forget that this one is the second globalization, not the first, as you say, the first was before the First World War. I'm reading now "Global Capitalism: It's Fall and Rise in the Twentieth Century" by Jeffry A. Frieden, and it's fascinating to see how history really rhymes.
on “Jack Ma: 'If trade stops, war starts'” ↗If people enjoy reading history like this, I highly recommend Jeffrey Frieden's "Global Capitalism: It's Fall and Rise in the Twentieth Century." Overall, I think a dimension perhaps lacking in PG's otherwise fantastic writeup is that this 'fragmentation' opens up a space of freedom. I mean, our society…
on “The Refragmentation” ↗…same material. Personally I've learned a lot from reading economic history. Some books I can recommend are: Eichengreen - Globalizing Capital: A History of the International Monetary System Frieden - Global Capitalism: Its Fall and Rise in the Twentieth Century Soros - Alchemy of Finance (skip the first couple of chapters on his reflexivity theory, but the 'diary' chapters are a gold mine) Ferguson - The Ascent of…
on “Ask HN: What skills will be useful during an upcoming recession/depression?” ↗"Countries that trade with each other don't go to war against each other." This is from 'Global Capitalism: Its Fall and Rise in the Twentieth Century' by Jeffry A. Frieden : 'In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before.…
on “Emmanuel Macron Wins French Presidency in Boost to EU” ↗