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A review by onegin
The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary D. Carter
challenging
informative
slow-paced
3.75
The Price of Peace is a really good book, but I can't bear myself to give it even four starts because of how difficult it was to read. I learned a lot reading it, but it really took a lot of effort to read.
This is less of a biography of Keynes than it is a biography of Keynesianism. The life of Keynes was necessary to tell in order to explain the sources of his ideas, as well as a very detailed description of the political and economical situation of (Western) Europe and the US in the 20th century. After Keynes death, there was still four chapter of this book left, which were spent on describing the state of Keynesianism in the US until today.
What made this book so dense was its thoroughness - everything was explained in great detail, which on any other topic would have been its bane, but (macro)economics is really that complicated. To understand economics, you also need to understand politics. To understand politics, you need history - and this book provided all of it.
This book is for everyone who is interested in economics, particularly economics in the US. It's a detailed explanation on why the US economy (and economics school of thought) looks like it does today.
This is less of a biography of Keynes than it is a biography of Keynesianism. The life of Keynes was necessary to tell in order to explain the sources of his ideas, as well as a very detailed description of the political and economical situation of (Western) Europe and the US in the 20th century. After Keynes death, there was still four chapter of this book left, which were spent on describing the state of Keynesianism in the US until today.
What made this book so dense was its thoroughness - everything was explained in great detail, which on any other topic would have been its bane, but (macro)economics is really that complicated. To understand economics, you also need to understand politics. To understand politics, you need history - and this book provided all of it.
This book is for everyone who is interested in economics, particularly economics in the US. It's a detailed explanation on why the US economy (and economics school of thought) looks like it does today.