Marketcrafters

The 100-Year Struggle to Shape the American Economy

De: Chris Hughes

Narrado por: Sean Patrick Hopkins

A revelatory and unexpected examination of the political economy of the past century—and an argument that policymakers in government, not the mythical “free market,” created the most dynamic economy the world has ever known.

For many decades, a sacred myth has ruled the minds of policymakers and business leaders: free markets, untouched by the soiled hands of government, bring us pros­perity and stability. Economist and writer Chris Hughes demolishes this fantasy by chronicling the hidden history of American capitalism: a centuries-long tradition of industrial policy where the state’s guiding hand has been essential to prosperity. Markets do not exist in a vacuum but are the product of a deliberate political order, a practice he calls “marketcraft.”

This groundbreaking book takes readers through the high-stakes evolution of our most critical industries, from the state-led management of our banking and financial systems to the intentional development of energy, aviation, healthcare, and semiconductor markets. American government has always done far more than just react to “market failures.” Tracing a lineage from Alexander Hamilton to the architects of Trump and Biden industrial policies, Hughes introduces the “marketcrafters”—the technicians and organizers who combined expertise with judgment to cultivate the economy like a garden. By studying their triumphs and failures, we can pursue a smarter industrial policy for the future.

As we navigate the transformative potential of artificial intelligence and the urgent demands of the climate crisis, this book serves as an essential road map for harnessing the power of markets to build a stable, inclusive, and abundant future for all Americans.

Social media is distorting reality

I truly enjoyed the book. It's well researched, providing reality in what our government is doing and why. It would be nice if our news organizations and social media could work their way back to the fundamentals versus the spin on drama. Thank you for writing it.

Unfamiliar Territory

This book is a comprehensive look at American economics in the 20th & 21st centuries. The history is fascinating and complicated. I give it five stars because of it provides a necessary knowledge of the US economy in our domestic and global landscape while providing an explanation of how politics influences, manipulates and creates markets; sometimes the markets created benefit all of us, sometimes only the wealthy, and often seem to have unintended consequences. Although I did get a bit lost at times listening, I still retained enough to have a better understanding of the US economy and how the US government is always there in some capacity to protect stakeholders and not always the general public. In the current political structure Sept 2025 the book is a guide and well researched providing a somewhat unbiased opinion of US economy options for how we got here and where we may go.

Interesting Ideas, But a Tough Listen

I really wanted to love Marketcrafters. The premise—exploring the century-long tug-of-war over who shapes the American economy—sounded right up my alley. And there’s definitely a lot of valuable information here. Chris Hughes brings deep research and some compelling historical narratives to the table, especially when tracing the evolution of economic policy through a political lens.

But the truth is, this one just didn’t click for me. I’m not deeply immersed in economics, and a lot of the content—while clearly well-informed—felt dense and hard to follow. It reads more like a scholarly text than a popular nonfiction audiobook, and I found myself drifting more than I’d like.

The narration didn’t help. Sean Patrick Hopkins has a clear voice, but the pacing felt flat and slow, which made it hard to stay engaged through longer chapters. I kept waiting to be pulled in, but the spark never really came.

That said, if you're more versed in economic theory or public policy, this might land better for you. It just didn’t quite hit the mark for me personally.

Three stars for effort and content, but a challenging listen overall.

How government really works

If your idea of a good listen is a lecture on how the u.s. Government works or does not work this provides insights dating Back to the early 20th century. For students of how economies are created to best serve the nation this gives lengthy lessons full of solid insights. It is particularly valuable in explaining FDRs new deal and later how Obama saved the economy in his day facing almost impossible odds. It continued to be insightful through Biden overcoming the pandemic and reviving America as a player in the face of the rise of China. Sadly the brilliant storytelling flops with Trumps second term as prez. The author seems rushed to both end his otherwise excellent book and include the early Trump era. His efforts fail to grasp how Trump and his unqualified cabinet picks would turn the past progress into a messy folly. Still the lessons that fill much of his tome are worth a listen for those who still dream of building a nation for everyone and not just to make the rich richer.

A lot more work than thought went into this book

Hughes seems like he was too wowed by the presentation of some recent Yale law grads to treat their claims with the cynicism they deserved