The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes By Zachary D. Carter

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Name: Best Edition The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes with Free EASY Reading
Rating: 8.9 (2011 reviews)
Author: Zachary D. Carter

Kindle Store,Kindle eBooks,Biographies & Memoirs The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes Zachary D. Carter

4,7

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NEW YORK TIMES BESTSELLER • An “outstanding new intellectual biography of John Maynard Keynes [that moves] swiftly along currents of lucidity and wit” (The New York Times), illuminating the world of the influential economist and his transformative ideas“A timely, lucid and compelling portrait of a man whose enduring relevance is always heightened when crisis strikes.”—The Wall Street Journal WINNER OF THE HILLMAN PRIZE FOR BOOK JOURNALISM • FINALIST FOR THE NATIONAL BOOK CRITICS CIRCLE AWARD AND THE SABEW BEST IN BUSINESS BOOK AWARD • NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY PUBLISHERS WEEKLY AND ONE OF THE BEST BOOKS OF THE YEAR BY Jennifer Szalai, The New York Times • The Economist • Bloomberg • Mother Jones At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat. The terror and anxiety unleashed by the war would transform him from a comfortable obscurity into the most influential and controversial intellectual of his day—a man whose ideas still retain the power to shock in our own time.Keynes was not only an economist but the preeminent anti-authoritarian thinker of the twentieth century, one who devoted his life to the belief that art and ideas could conquer war and deprivation. As a moral philosopher, political theorist, and statesman, Keynes led an extraordinary life that took him from intimate turn-of-the-century parties in London’s riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, from stock market crashes on two continents to diplomatic breakthroughs in the mountains of New Hampshire to wartime ballet openings at London’s extravagant Covent Garden. Along the way, Keynes reinvented Enlightenment liberalism to meet the harrowing crises of the twentieth century. In the United States, his ideas became the foundation of a burgeoning economics profession, but they also became a flash point in the broader political struggle of the Cold War, as Keynesian acolytes faced off against conservatives in an intellectual battle for the future of the country—and the world. Though many Keynesian ideas survived the struggle, much of the project to which he devoted his life was lost. In this riveting biography, veteran journalist Zachary D. Carter unearths the lost legacy of one of history’s most fascinating minds. The Price of Peace revives a forgotten set of ideas about democracy, money, and the good life with transformative implications for today’s debates over inequality and the power politics that shape the global order.LONGLISTED FOR THE CUNDILL HISTORY PRIZE

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A very meaty book that will repay careful reading for anyone interested in economics (and who isn't?). I had sort of expected it to be mostly a biography of Keynes, following the usual bio formula (starting with the subject's grandparents, discussing his affairs with various men and women, etc.) And there is some attention to his life, including his interactions with the "Bloomsbury set." But it's chiefly about his economic theories.The book starts with Keynes in his thirties, just before World War I, when he was called to deal with the financial crisis at the start of the war. As the author points out, he was considered by many (including Bertrand Russell) to be one of the best minds in Britain. And it was his fate to be usually right about things, but often not have his advice taken.What first brought him popular fame was his book "The Economic Consequences of the Peace," about the catastrophic mistakes made at the 1919 peace conference. This book is still fascinating today, and a good read. It's available in several Kindle editions, amusingly some of them called "The Economic Consequences of Peace," rather then "of THE Peace [of Versailles]." I'm not sure what this error indicates about people's memory of Keynes!I remember many years ago that conservatives used to denounce his theories, sometimes using the term, "Marxist-Keynesian." Of course, he was no Marxist, and it's been a while since I heard that. The underlying idea of Keynesianism is simply that the solution for economic problems lies in government policies, rather than the "invisible hand" of the market. Naturally, just how this is supposed to work in practice isn't simple, and Carter shows how Keynes wasn't afraid to change his mind and move in different directions: the book gives a good account of how his ideas changed over time. And the author explains how Keynesian ideas generally prevailed in disguise, even in administrations which denounced him! Keynes's last work was with the Bretton Woods Conference of 1944; the book explains very clearly what this conference was all about. Keynes died in 1946, but there's still about a third of the book left to go, from World War II up to the meltdown of 2008.Conservatives will probably be displeased with this book: Carter's heroes include Galbraith, FDR with his New Deal, and LBJ with his Great Society. As for Hayek and Friedman... well not so much, but economists on both sides of the fence do get pretty fairly treated. The principal goats are (in addition to the 1919 negotiators) the greedy industrialists who orchestrated McCarthy's Red Scare of the fifties. The author doesn't assume that you know anything about economics. It probably wouldn't hurt if you'd had a course in economics at some time, but I hadn't, and still found the book fascinating and understandable.

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