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  4. Industrial Revolution Reading List: The Business Histories That Explain Modern Capitalism

Era reading list | Reading time: 1 minute | Updated March 2026 | 6 resources

Industrial Revolution Reading List: The Business Histories That Explain Modern Capitalism

From Watt to Carnegie—steam, steel, railways, and the birth of mass production.

The Industrial Revolution created the playbook every subsequent technology wave follows: new energy source, new production methods, new distribution networks, new business structures, and new political responses. FTN's Rockefeller, Carnegie, and Morgan playbooks embody the era; this list supplies the intellectual history.

Innovation and Economics

The Lever of Riches

Joel Mokyr · Book

Why innovation happens—institutional conditions that enable technological creativity.

The Wealth of Nations (selected chapters)

Adam Smith · Book

Division of labour and market mechanisms—written as the Industrial Revolution began.

Industrialists and Scale

Titan

Ron Chernow · Book

Rockefeller as template for vertical integration and monopoly—novelistic biography.

Andrew Carnegie

David Nasaw · Book

Steel magnate biography—cost reduction obsession and Gospel of Wealth philosophy.

Social and Political Response

The Communist Manifesto

Marx and Engels · Primary Document

The political response to industrialisation—essential context for understanding labour movements and regulation.

Hard Times

Charles Dickens · Book

Literary testimony of industrial conditions—the human cost that economic histories sometimes understate.

Go deeper in the FTN Library

John D. RockefellerAndrew CarnegieJ.P. Morgan

Related mental models

creative destructioncompoundingincentivesmoats

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