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Small Change: The Complete Trilogy: Farthing, Ha'penny, Half a Crown

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Tor Essentials presents new editions of science fiction and fantasy titles of proven merit and lasting value, each volume introduced by an appropriate literary figure.

In 1941 the European war ended in the Farthing Peace, a rapprochement between Britain and Nazi Germany. The balls and banquets of Britain’s upper classes never faltered, while British ships ferried “undesirables” across the Channel to board the cattle cars headed east.

In three brilliant novels set between the late 1940s and the early 1960s of this alternate world, Jo Walton explores how a free society can become an unfree one, how easily traditional powers-that-be can accommodate themselves to tyranny, and what a difference a few courageous men and women can make. Alternately charming, heartstopping, and astonishingly deft, this trilogy is a work of total relevance to our modern age.

This new Tor Essentials edition of the Small Change trilogy includes a new introduction by J. Bradford de Long, author of Slouching Toward Utopia and one-time Deputy Assistant Secretary of the Treasury.

560 pages, Paperback

Published September 5, 2023

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About the author

Jo Walton

85 books3,082 followers
Jo Walton writes science fiction and fantasy novels and reads a lot and eats great food. It worries her slightly that this is so exactly what she always wanted to do when she grew up. She comes from Wales, but lives in Montreal.

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Displaying 1 - 11 of 11 reviews
Profile Image for EveStar91.
267 reviews278 followers
September 6, 2024
Small Change is a collection of three novels set in an alternate history world where the Nazis won the war; originally published from 2006 to 2008 and republished in one book here. The premise and the books as a whole are quite good, especially towards the end of the third book where things start to resolve.

The lead character Carmichael is well developed over the course of the three books and his struggles, both internal and external, are understandable. I found most of the other characters to be somewhat underdeveloped however and I couldn't relate to them much, especially the women.

The first two books start out as mysteries which are solved at the end, but the third book is less structured. The world-building is pretty much the UK with Hitler and the writing is simple and straightforward. I did appreciate the exploration of homophobia and anti-semitism issues in the alternate historical time period.

Thanks to NetGalley and Tor Publishers for providing me with an ARC in exchange for an honest review.

The rating is Two and a half stars, rounded up to Three stars for the resolution of the whole collection.

🌟🌟🌟

[Half a star for the premise and the whole book; Half a star for the characters; Half a star for the writing; Half a star for the story; Half a star for the world-building - Two and a half stars in total.]
Profile Image for The Captain.
1,524 reviews528 followers
September 11, 2023
Ahoy there mateys! I have only read one other book by this author but I want to read her entire catalogue.  This is an omnibus of the three books in the Small Change series.  Published by Tor Essentials, this imprint "presents new editions of science fiction and fantasy titles of proven merit and lasting value, each volume introduced by an appropriate literary figure."  This series is an alternate history of World War II where the war ended in 1941 with the  Farthing Peace between England and Germany.  This trilogy is excellently written and was extremely hard to read.  This was because it was written too well.  The hatred for the Jews and other undesirables rolled right off the pages.  Each novel is told mostly through a different woman's perspective but has a plot through-line via chapters interspersed with the viewpoint of Inspector Carmichael of Scotland Yard.  This is a political mystery, a social commentary, and a warning about prejudice and hatred today even if the first book was written in 2006.  It made me heart heart.  It made my head hurt.  I didn't enjoy the entire read and I don't think I was supposed to.  There isn't a happy ending and it is not satisfying.  That said, I have been thinking about it ever since I finished.  It is powerful.  I have no regrets about the book but many about how our society continues to function.  Arrr!

I received a copy from the publisher in exchange for an honest review.
Profile Image for Lauren.
624 reviews16 followers
June 23, 2023
Jo Walton's books are creative, thought provoking, and all entirely different. I first read the Farthing trilogy several years ago and I am pleased to see it getting a new omnibus release, especially since the issues that it deals with are sadly more and more topical.

This trilogy starts off with the premise that World War II ended in a peace treaty between Hitler and the British. The Nazi party still rules in Germany, and although England is now no longer at war, we are left instead with an insidious slide into fascism. The first book deals with a murder at a country home, where a set of England's political and societal upper class have gathered. While at first it seems like a typical British murder mystery, the brilliance of the writing becomes more and more clear as we are exposed to the dark side of this new "peaceful" Britain. The following two volumes delve deeper into the post-war period, using a Scotland Yard detective as the main character.

Anyone who is interested in alternate WWII history and the societal implications of appeasing fascists should take a look at this trilogy. When I first read the books they were frightening but somewhat distant. These days they feel all too relevant. If you haven't tried Jo Walton before this is a thoughtful and compelling introduction to her work.
Profile Image for Maine Colonial.
946 reviews208 followers
August 18, 2023
I received a free digital advance review copy from the publisher, via Netgalley.

In 2009, I read Jo Walton's WW2 alternative history/mystery trilogy known as the Small Change series. It imagines an England in which Churchill was overthrown in 1941 in favor of appeasers who made peace with Germany. The individual titles in the series are FARTHING, HA'PENNY and HALF A CROWN. Years ago, author Jo Walton said that the inspiration for this series was her concern about the US and UK deciding to invade Iraq with no UN Security Council backing and, as we now know, a false basis. Today, with right-wing authoritarianism and antisemitism on the rise, it seems like a good time to reissue the series in one volume, as Tor has done here. As the introduction states, the theme of the series is people’s reactions to the country descending into fascism. Do they resist, just try to get along, or embrace the new landscape?

The through-line of the series is police inspector Peter Carmichael, who keeps quiet about his more liberal viewpoints, and the fact that he is gay, as he does his job. Each book in the series features a different female voice narrating, with Carmichael coming into the story to investigate the crime of that particular book. In the first book, Farthing, set in 1949, that female voice is Lucy Eversley Khan, daughter of the Eversleys of Farthing, a highly placed and politically influential family. They, especially Lucy’s mother, were none too happy when Lucy married David Khan, a Jew. Carmichael’s world and Lucy’s come together when a guest is murdered at Farthing and his corpse marked in a way intended to cast suspicion on David Khan. This novel is a little like an Agatha Christie whodunnit with a heavy helping of political danger.

Ha’Penny, which begins immediately after the close of Farthing, involves a plot to murder both Adolf Hitler and Prime Minister Mark Normanby, a member of the so-called “Farthing Set,” the political rightist group that the Eversleys belong to. The female voice here is actress Viola Lark, whose background is reminiscent of the often notorious real-life Mitford girls. (For Mitford fans: While Walton writes that there are six sisters, and her description of them is similar to the real-life Mitford sisters, there are enough differences that we can’t pinpoint Viola as being the equivalent to any particular Mitford.) This second book in the series is more of a thriller than a Christie.

In Half a Crown, set 11 years later, in 1960, fascism has become established in Britain. Jews and political opponents are frequently arrested and imprisoned; even sent to work camps in Germany where they are worked to death. The plot envisions an upcoming summit meeting in London in which Germany and Japan parley to divide the world into each country’s sphere of influence/control, now that the USSR has finally been defeated. The far-right nativist British Power group plots to replace both the PM and dethrone the Queen in favor of the extremist Duke of Windsor. The female voice here is Carmichael’s ward Elvira, a teenager newly arrived home from a Swiss boarding school and about to go up to Oxford University—but not before making her debut and be presented to the Queen.

I’ve always been interested in WW2-era alternative history, and this is a very good series for anyone sharing that interest. It’s chilling to read about how readily most people just focus on their own lives, not caring about the increasingly cruel treatment of others, especially Jews. Viola Lark and Elvira, in particular, are unapologetic about doubting the stories about what happens to Jews and other minorities in Germany and its conquered territories. All three female leads are examples of people who just want to ignore politics—not matter how extreme and harmful to others—and get on with their own privileged lives. In each book, the young woman is forced out of her complacency by events. While the female characters’ lack of concern for others makes them unsympathetic characters, at least early on, it’s a realistic choice by the author to depict them this way. (I didn’t find it a realistic choice, though, for the author to have Viola be overwhelmingly attracted to a man who threatens her life. That’s one element of these books that I didn’t like at all.) This is good reading not just for those who enjoy WW2-related novels, but anyone concerned about the increasing antisemitism and authoritarianism in the US and many other places around the world.

NB: First published by Tor Books as separate hardcovers in 2006, 2007 and 2008.

4.5 stars, rounded up to 5.
Profile Image for Book Club of One.
550 reviews25 followers
September 7, 2023
What sneakily begins like a book of British manners, narrated from the view point of the privileged, notes things that didn't occur as they're told. The battle of Dunkirk, yes, but Winston Churchill losing power in a coup? Small Change: The Complete Trilogy is the collected edition of Jo Walton's alternate history series, where everything was the same up to 1941, then this world diverged from ours. Here, Nazi Germany reached a peace settlement with Great Britain, called the Farthing Peace, leaving Germany the dominant power on the European continent. Where British "undesirables" are shipped to meet their fates. Across these three books, we follow the career of Peter Carmichael, narrating half of the chapters, from the 1940s through the 1960s. The other half of each book is narrated by the key person for that volume. In series order they are: Lucy Kahn, Viola Lark and Elvira Royston.

Alternate time period aside, these books are straightforward historical fiction mysteries. In each work Carmichael, first as a detective for Scotland Yard, is assigned to resolve an investigation or issue. He does this in typical police procedures fashion, balancing the political meddling of his superiors with the interviews and tracing of clues that informs the true series of events.

What adds a further layer of difficulty to Carmichael's work, is the growing power of British Fascists who use are using the events of the first book to their own end. The antisemitism of the British upper class is no secret of history, and informs relations here too. Walton describes herself as an optimist, but that the series was written to show "how people do bad things — how we do bad things, and allow them to be done in our name."*

In this latter point, which has been the focus of much scholarship about Nazi Germany, the book truly makes it point. Carmichael's personal life complicates his ability to be a free agent, and blackmail or the threat of it is just as useful to those in power as having the muscle to carry out their orders.

The Small Change series asks the hard questions of what price are you willing to pay for your ideals? What constitutes doing good in a country (or world) driven by the selfish quest for power and control? We may think of the Third Reich as monstrous, but there was a steady process of choice and decision that lead to their crimes against humanity. Walton shows this gradation, but with some optimism about the eventual triumph of courage and bravery.

*"The Small Change Series." Jo Walton Accessed September 7, 2023.

I received a free digital version of this Ebook via NetGalley thanks to the publisher.
Profile Image for Petra.
1,246 reviews38 followers
August 25, 2025
I thoroughly enjoyed this trilogy. I moved from one book directly to the next. It's a page turner with good characters and an interesting Society.

Farthing - This is a wonderful mystery set in the English countryside in an alternative history World where peace has been attained after the War, but Hitler is still alive and ruling Europe. The fascist idea is starting to enter England and the citizens are beginning to be wary & afraid.....at least the Jews and homosexuals. The control of fascism over the people is also explored.

Despite that heavy background, the main characters are likable and one roots for them and their integrity.

A thoroughly enjoyable story......and, yes, I immediately started the next book of the trilogy

Ha'penny - Thoroughly enjoyed the story and the writing of this book. An easy paced, intriguing, suspense novel set in 1949 in a world not quite like ours; an alternative history of how things might progress had England negotiated a peace with Nazi Europe in 1940. There is peace but at what cost? Fascism lives.

I don't want to add too much or give away the plot. It's all in the blurb. I found the story to be, as stated above, quite intriguing. I enjoyed it very much.

I very much enjoyed the continuing story of Carmichael. He's working against the odds.

Half a Crown -

Half a Crown takes place about 10 years after Ha'penny. The society has become more fascist, the citizens more afraid. The concentration camps in Europe are being used for the British population....all sanctioned and desired by the government.

It's scary how easily Society got too afraid to stand up to the Government and how this Government grabbed control over the people to force Society to be as the Government wished it to be.
(it's particularly relevant today)

Small Change: The Complete Trilogy: Farthing, Ha'penny, Half a Crown - As a complete trilogy, I found the stories to be well written, have good characters that one can believe in, and a good story. I recommend the entire trilogy. The stories are interconnected and intertwined.
138 reviews5 followers
April 29, 2023
I love Jo Walton! Well, I only met her once at a book signing, and she was perfectly delightful, but I mean to say is that I love her books.

I first encountered her in 2013, when I checked Among Others out from the library - I knew it had won the Hugo and the Nebula Awards and I I wanted to check it out. I was in love with this book. I loved the protagonist and I loved the magic. I remember reading through the section on how the narrator thought she had used magic to conjure up the book club at the library and then I turn the page and found a bookmark that some previous reader had left in this library book I was reading. The bookmark turned out to be a torn our page from her day calendar. The day of the calendar page was the day of my first child’s birth. This made the book feel even more magical.

So when My Real Children came out, I borrowed it from the library and I also loved it. And then I found out about her Thessaly books. As a lapsed classicist who loves robots, time travel, and Greek mythology, this seemed like the perfect book for me. And it was! I devoured the series and was thrilled to be able to meet Ms. Walton at a bookstore in Brooklyn for her book tour of the third volume, during which I got her to sign all three books in the series.


So I was thrilled beyond belief when Tor and NetGalley gave me an eARC of her Small Change series from the Tor Essentials line.

This volume contains the complete series, comprising the novels Farthing, Ha’penny, Half a Crown, and the short story “Escape to Other Worlds with Science Fiction”.

If you haven’t read them before then woo! are you in for a treat! These may be the absolute best alternate history books I have ever read, even better that the Lady Astronaut series (which I love!). The books are set in a world where Hitler and England signed a truce. Jews in England are second class citizens at best, and fascism has crept in so slowly that people have barely realized it. These books read even more strongly now in the 2020s than they did when they were written, with the rise of fascism at home so much clearer, now that so many are willing to say the quiet part out loud.

But they are also mystery novels! Each book alternates between one point of view character and Inspector Carmichael, who is investigating the mystery.

I don’t want to spoil the plot but I will say that I regret having read these books only because I cannot read them again for the first time. Truly fantastic.
Profile Image for Linda.
378 reviews3 followers
July 20, 2023
A small house party in the county. A body found dead in his bed. All the making of a nice Agatha Christie or Dorothy L. Sayers. But this is Jo Walton so couldn't be anything as simple as a British murder mystery or police procedural. The murder has political overtones, and not any kind of political we are familiar with. This is a Britain that didn't resist the invasion, but made peace with Hitler. Allowed him his death cames and hatred. Who meekly followed along without much resistance.

It is a frightening world, and Carmichael is an interesting character trying to navigate his way through murder, dissension, and choices that compromise everything he believes in and holds dear. Perhaps mostly his own integrity.

A series definitely worth reading as it is very thought-provoking.
Profile Image for Ben.
425 reviews13 followers
September 5, 2023
Thanks to Tor and NetGalley for the ARC of this title

I've been picking at this one for a while since I got the galley - it's an omnibus of all three of Jo Walton's trilogy, and each book is densely packed with world-building in a delightful way. What starts on the surface as a standard post-WWII murder mystery managed to pull the rug out from under me when the details of post-war England reveal that this is also an alternate history where England made a truce with Germany and everything is slowly sliding into fascism.

It's all brilliantly done, and I like the way we stick with the detective character from the first book to dive into the consequences of all this across the other two books. This was a rich world to spend time with.
Profile Image for Erica.
296 reviews9 followers
May 8, 2023
Small Change pulls together Jo Walton’s entire trilogy of an alternate history where Britain and Germany declare a truce. I hadn’t known they were mysteries as well, which actually helped a lot in me being able to enjoy these more. Where each narrator is different, Inspector Carmichael remains the same as he investigates the crimes in each story. My personal favorite was the middle of the trilogy, Ha’penny. This is a great collection for fans of alternate histories and mystery stories.

Note: arc provided by the publisher via netgalley in exchange for honest review
Profile Image for Kendra.
1,221 reviews11 followers
June 20, 2023
Jo Walton's Small Change books are classic speculative fiction. In a world where Britain made peace with Nazi Germany, Walton shows how fascism creeps into everyday life, how governments that cater to the rich fail everyone else, and how the work of individuals can make a difference in fighting against inequality, racial and religious hatred, and the loss of rights. I thought these books were brilliant when I first read them a number of years ago, but they are even more important now as Britain and the US are in danger of very real homegrown fascism.
Displaying 1 - 11 of 11 reviews

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