The story of how everyday nineteenth-century clerks helped to articulate modern capitalism.

The clerk attended his desk and counter at the intersection of two great themes of modern historical experience: the development of a market economy and a society governed from below. Who better illustrates the daily practice and production of this modernity than someone of no particular account assigned with overseeing all the new buying and selling? In Accounting for Capitalism, Michael Zakim has written their story, a social history of capital that seeks to explain how the “bottom line” became a synonym for truth in an age shorn of absolutes, grafted onto our very sense of reason and trust.

This is a big story, told through an ostensibly marginal event: the birth of a class of “merchant clerks” in the United States in the middle of the nineteenth century. The personal trajectory of these young men from farm to metropolis, homestead to boarding house, and, most significantly, from growing things to selling them exemplified the enormous social effort required to domesticate the profit motive and turn it into the practical foundation of civic life. As Zakim reveals in his highly original study, there was nothing natural or preordained about the stunning ascendance of this capitalism and its radical transformation of the relationship between “Man and Mammon.” 
 

"“Excellent. . . Perhaps the most thorough book I know on the importance of small innovations.”" - Marginal Revolution

"“Zakim shows how human capital became the bedrock of modern capitalism, by examining delightful correspondences between man and market. . . . The book abounds with such nifty echoes between persons and profits, which Zakim draws out of magazines, pamphlets, and other 19th-century texts.”" - Public Books

"“Rigorous and insightful. . .In adding a nuanced explanation of this monumental social transfiguration of the nineteenth century, Accounting for Capitalism: The World the Clerk Made succeeds in illuminating capitalism as a complex architecture–a joint project between industrialists, financiers, clerks and a revolution in social mores–that mobilized tens of millions to pursue an ‘American dream’ over paper trails and a materialistic concept of progress. As such, Zakim’s cogently argued monograph merits recognition for demonstrating the grand historical consequences wrought by the lesser-known enablers of a radical economic system.”" - LSE Review of Books

"“Accounting for Capitalism is the best intellectual history of American constipation you will ever read. . . . Zakim’s book is a triumph.”" - Society for US Intellectual History Book Review

"“An exemplar of recent scholarship on American capitalism in the nineteenth century. Zakim’s succinct, elegant, and smart prose will not surprise readers of his previous work. The impressive methodological breadth of [Accounting for Capitalism] might do so.”" - Business History Review

"“By focusing on merchant clerks during the 19th century in the US, Zakim has found the perfect profession through which to understand changes to individuals, households, and the economy wrought by the widespread movement away from household production. . . .Recommended.”" - Choice

"An inspiring and significant book...Zakim very much succeeds in assembling a rich, elaborately presented kaleidoscope of discourses and practices around clerking and the making of an individualist market economy." - H/Soz/Kult