Margins
Free Market book cover
Free Market
The History of an Idea
2022
First Published
3.70
Average Rating
327
Number of Pages
From a MacArthur “Genius,” an intellectual history of the free market, from ancient Rome to the twenty-first century After two government bailouts of the US economy in less than twenty years, free market ideology is due for serious reappraisal. In Free Market, Jacob Soll details how we got to this current crisis, and how we can find our way out by looking to earlier iterations of free market thought. Contrary to popular narratives, early market theorists believed that states had an important role in building and maintaining free markets. But in the eighteenth century, thinkers insisted on free markets without state intervention, leading to a tradition of ideological brittleness. That tradition only calcified in the centuries that followed. Tracing the intellectual evolution of the free market from Cicero to Milton Friedman, Soll argues that we need to go back to the origins of free market ideology in order to truly understand it—and to develop new economic concepts to face today’s challenges.
Avg Rating
3.70
Number of Ratings
164
5 STARS
21%
4 STARS
39%
3 STARS
30%
2 STARS
8%
1 STARS
2%
goodreads

Author

Jacob Soll
Jacob Soll
Author · 5 books

Jacob Soll is professor of history and accounting at the University of Southern California. He received a B.A. from the University of Iowa, a D.E.A. from the École des Hautes Études en Sciences Sociales in Paris, France, and a Ph.D. from Magdalene College, Cambridge University. He has been awarded numerous prestigious prizes including two NEH Fellowships, the Jacques Barzun Prize, a Guggenheim Fellowship, and, in 2011, the MacArthur Fellowship. Soll’s first book, "Publishing The Prince" (2005), examines how Machiavelli's work was popularized and influenced modern political thought. It won the Jacques Barzun Prize from the American Philosophical Society. In his second book, The Information Master (2009), Soll investigates how Louis XIV's famous finance minister Jean-Baptiste Colbert fused financial management and library sciences to create one of the first modern information states. His most recent book, The Reckoning: Financial Accountability and the Rise and Fall of Nations (2014), presents a sweeping history of accounting and politics, drawing on a wealth of examples from over a millennia of human history to reveal how accounting can used to both build kingdoms, empires and entire civilizations, but also to undermine them. It explains the origins of our own financial crisis as deeply rooted in a long disconnect between human beings and their attempts to manage financial numbers. The Reckoning, reviewed in major newspapers and publications around the world, has sold more than 60,000 copies worldwide, and has been translated into five languages. His new books include Free Market: The History of a Dream (Basic Books), an analysis of classical philosophy, natural law, history and contemporary economic culture; a history of libraries and Enlightenment (Yale University Press); and the first English edition of Jean-Baptiste Colbert’s economic writings (Anthem). Soll has been a correspondent for the Boston Globe, and a regular contributor to the New York Times, Politico, the New Republic, PBS, Salon.com and the Chronicle of Higher Education. Soll is currently meeting with political and financial leaders across the globe to promote accounting standards and financial transparency. Recent journal and chapter publications include: • “Jean Baptiste Colbert: Accounting and the Genesis of a State Archive in Early Modern France,” Proceedings of the British Society, forthcoming 2017. • “From Virtue to Surplus: Jacques Necker’s Compte Rendu (1781) and the Origins of Modern Political Discourse,” Representations 134 (216), pp. 29-63. • “The Grafton Method, or the Science of Tradition,” in Ann Blair and Anja-Silvia Goeing, eds., For the Sake of Learning: Essays in Honor of Anthony Grafton, 2 vols. (Leiden: Brill, 2016), 2, pp. 1019-1032. • “Intellectual History and the History of the Book,” in Richard Whatmore and Brian Young, eds. A Companion to Intellectual History, (Chichester: John Wiley And Sons/Blackwell, 2016), pp. 72-82.

548 Market St PMB 65688, San Francisco California 94104-5401 USA
© 2026 Paratext Inc. All rights reserved