The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes

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The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
Title The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
Author
Publisher Random House
Release DateMay 19, 2020
Category Business and Leadership
Total Pages 608 pages
ISBN B07WPQD8ZX
Book Rating 4.7 out of 5 from 336 reviews
Language EN, ES, BE, DA ,DE , NL and FR
Book Review & Summary:

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 NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY PUBLISHERS WEEKLY 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.

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The Price Of Peace by Zachary D. Carter

Title The Price of Peace
Author Zachary D. Carter
Publisher Random House
Release Date 2020-05-19
Category Business & Economics
Total Pages 656
ISBN 9780525509042
Language English, Spanish, and French
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Book Summary:

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 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.

The Price Of Peace by Zachary D. Carter

Title The Price of Peace
Author Zachary D. Carter
Publisher Random House
Release Date 2020
Category Biography & Autobiography
Total Pages 656
ISBN 9780525509035
Language English, Spanish, and French
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Book Summary:

"An important, resonant, and memorable portrait" (Jon Meacham) of world-changing economist John Maynard Keynes and the transformative ideas that outlived him "A brilliantly wrought, beautifully written life of one of the most captivating intellects of the twentieth century."--Liaquat Ahamed, author of Lords of Finance 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.

Title Study Guide For The Price Of Peace
Author Halo Printz
Publisher Unknown
Release Date 2020-05-23
Category
Total Pages 62
ISBN 9798648131774
Language English, Spanish, and French
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Book Summary:

Change your life with transformative ideasABOUT THE ORIGINAL BOOK: 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. 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.h. ABOUT THIS BOOK: Without a conscious effort and dedication, getting 100% value from the original book is impossible. This book provides a good self-assessment guide with penetrating insights for you and is designed to help provoke your thought and opens up deeper insight into the original text. This Book is an incredible companion book and it is not meant to replace the original book: The Price of Peace Scroll up and Buy this book now and get empowered

The Hope Of Glory by Jon Meacham

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Publisher Convergent Books
Release Date 2020-02-18
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Book Summary:

NEW YORK TIMES BESTSELLER • Pulitzer Prize–winning author Jon Meacham explores the seven last sayings of Jesus as recorded in the Gospels, combining rich historical and theological insights to reflect on the true heart of the Christian story. For Jon Meacham, as for believers worldwide, the events of Good Friday and Easter reveal essential truths about Christianity. A former vestryman of Trinity Church Wall Street and St. Thomas Church Fifth Avenue, Meacham delves into that intersection of faith and history in this meditation on the seven phrases Jesus spoke from the cross. Beginning with “Father, forgive them, for they do not know what they do” and ending with “Father, into thy hands I commend my spirit,” Meacham captures for the reader how these words epitomize Jesus’s message of love, not hate; grace, not rage; and, rather than vengeance, extraordinary mercy. For each saying, Meacham composes an essay on the origins of Christianity and how Jesus’s final words created a foundation for oral and written traditions that upended the very order of the world. Writing in a tone more intimate than any of his previous works, Jon Meacham returns us to the moment that transformed Jesus from a historical figure into the proclaimed Son of God, worshiped by billions.

Title The Economic Consequences of the Peace
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Publisher Unknown
Release Date 1919
Category Economic history
Total Pages 279
ISBN UCD:31175000099047
Language English, Spanish, and French
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Book Summary:

Title The Economic Consequences of the Peace
Author John Maynard Keynes
Publisher 北戴河出版
Release Date 2016-10-24
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Total Pages 86
ISBN 9203456XXXX
Language English, Spanish, and French
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Book Summary:

John Maynard Keynes 1883 1946 by Robert Skidelsky

Title John Maynard Keynes 1883 1946
Author Robert Skidelsky
Publisher Penguin Group USA
Release Date 2003
Category Biography & Autobiography
Total Pages 1021
ISBN 0143036157
Language English, Spanish, and French
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Book Summary:

A definitive portrait of the seminal economist and statesman brings together the author's three-volume biography into a single, abridged volume that traces Keynes's intellectual and ideological odyssey throughout his life and reassesses his important influence on contemporary political and economic thought. Original.

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Publisher Basic Books
Release Date 2018-11-20
Category Biography & Autobiography
Total Pages 304
ISBN 9780465094592
Language English, Spanish, and French
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Book Summary:

The history of the most acrimonious presidential handoff in American history--and of the origins of twentieth-century liberalism and conservatism When Franklin Roosevelt defeated Herbert Hoover in the 1932 election, they represented not only different political parties but vastly different approaches to the question of the day: How could the nation recover from the Great Depression? As historian Eric Rauchway shows in Winter War, FDR laid out coherent, far-ranging plans for the New Deal in the months prior to his inauguration. Meanwhile, still-President Hoover, worried about FDR's abilities and afraid of the president-elect's policies, became the first comprehensive critic of the New Deal. Thus, even before FDR took office, both the principles of the welfare state, and reaction against it, had already taken form. Winter War reveals how, in the months before the hundred days, FDR and Hoover battled over ideas and shaped the divisive politics of the twentieth century.

Title Keynes Against Capitalism
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Publisher Routledge
Release Date 2019-04-29
Category Business & Economics
Total Pages 398
ISBN 9780429877063
Language English, Spanish, and French
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Book Summary:

Keynes is one of the most important and influential economists who ever lived. It is almost universally believed that Keynes wrote his magnum opus, The General Theory of Employment, Interest and Money, to save capitalism from the socialist, communist, and fascist forces that were rising up during the Great Depression era. This book argues that this was not the case with respect to socialism. Tracing the evolution of Keynes’s views on policy from WWI until his death in 1946, Crotty argues that virtually all post-WWII "Keynesian" economists misinterpreted crucial parts of Keynes’s economic theory, misunderstood many of his policy views, and failed to realize that his overarching political objective was not to save British capitalism, but rather to replace it with Liberal Socialism. This book shows how Keynes’s Liberal Socialism began to take shape in his mind in the mid-1920s, evolved into a more concrete institutional form over the next decade or so, and was laid out in detail in his work on postwar economic planning at Britain’s Treasury during WWII. Finally, it explains how The General Theory provided the rigorous economic theoretical foundation needed to support his case against capitalism in support of Liberal Socialism. Offering an original and highly informative exposition of Keynes’s work, this book should be of great interest to teachers and students of economics. It should also appeal to a general audience interested in the role the most important economist of the 20th century played in developing the case against capitalism and in support of Liberal Socialism. Keynes Against Capitalism is especially relevant in the context of today’s global economic and political crises.

The Money Makers by Eric Rauchway

Title The Money Makers
Author Eric Rauchway
Publisher Basic Books
Release Date 2015-10-27
Category Business & Economics
Total Pages 336
ISBN 9780465061563
Language English, Spanish, and French
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Book Summary:

Shortly after assuming office in early 1933, Franklin D. Roosevelt made the bold decision to take the United States off the gold standard. This was only the first act in his quest to use monetary policy as a political tool. In The Money Makers, the distinguished historian Eric Rauchway shows how FDR and his brilliant team of advisers—John Maynard Keynes, Harry Dexter White, and Cordell Hull—paved the way for economic recovery. By responding decisively to the Great Depression at home, they warded off indigenous fascist movements and ensured an Allied victory in World War II, laying the foundation for decades of global peace and prosperity. Capturing not only the contentious debates among these headstrong figures but also the spirit of innovation that united them, Rauchway argues that we have forgotten their accomplishments. One result is that our modern preference for monetary stability over economic growth has led to stagnation and rising inequality. By uncovering the origins of midcentury economic success, Rauchway shows how we can recapture prosperity for our own age.

The Essential Keynes by John Maynard Keynes

Title The Essential Keynes
Author John Maynard Keynes
Publisher Penguin
Release Date 2016-01-05
Category Business & Economics
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ISBN 9780698408517
Language English, Spanish, and French
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Book Summary:

The essential writings of the 20th century’s most influential economist, collected in one volume Today, John Maynard Keynes is best remembered for his pioneering development of macroeconomics, and for his advocacy of active fiscal and monetary government policy. This uniquely comprehensive selection of his work, edited by Keynes’s award-winning biographer Robert Skidelsky, aims to make his work more accessible to both students of economics and the general reader. All of Keynes’s major economic work is included, yet the selection goes beyond pure economics. Here too are Keynes’s essential writings on philosophy, social theory and policy, and his futurist vision of a world without work. As Robert Skidelsky writes in his introduction: “People talk of the need for a new Keynes. But the old Keynes still has superlative wisdom to offer for a new age.” For more than sixty-five years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,500 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators. From the Trade Paperback edition.

Title Universal Man The Seven Lives of John Maynard Keynes
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Publisher HarperCollins UK
Release Date 2015-03-12
Category Biography & Autobiography
Total Pages 432
ISBN 9780007519811
Language English, Spanish, and French
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Book Summary:

From the bestselling and award-winning author of ‘An English Affair’, a dazzlingly original thematic biography which throws fresh light on the greatest economist of the twentieth century.

The Classical School by Callum Williams

Title The Classical School
Author Callum Williams
Publisher The Economist
Release Date 2020-05-19
Category Business & Economics
Total Pages 288
ISBN 9781541797994
Language English, Spanish, and French
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Book Summary:

A fascinating chronicle of the lives of 20 economists who played major roles in the evolution of global economic thought. What was Adam Smith really talking about when he mentioned the "invisible hand"? Did Karl Marx really predict the end of capitalism? Did Thomas Malthus (from whose name the word "Malthusian" derives) really believe that famines were desirable? In The Classical School, Callum Williams debunks popular myths about these great economists, and explains the significance of their ideas in an engaging way. After reading this book, you will know much more about the very famous (Smith, Ricardo, Mill) and the not-quite-so-famous (Bernard de Mandeville, Friedrich Engels, Jean-Baptiste Say). The book offers an assessment of what they wrote, the impact it had, and the worthiness of their ideas. It's far from the final word on any of these people, but a useful way of understanding what they were all about, at a time when understanding these economic giants is perhaps more important than ever.

Title The Battle of Bretton Woods
Author Benn Steil
Publisher Princeton University Press
Release Date 2013-02-24
Category Business & Economics
Total Pages 449
ISBN 9780691149097
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Book Summary:

Reveals how the blueprint for the post-World War II economic order was actually drawn.

Zombie Economics by John Quiggin

Title Zombie Economics
Author John Quiggin
Publisher Princeton University Press
Release Date 2012-05-21
Category Business & Economics
Total Pages 288
ISBN 9781400842087
Language English, Spanish, and French
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Book Summary:

In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many--members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us--and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future. Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs--that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off--brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough--either to kill dead ideas, or prevent future crises. In a new chapter, Quiggin brings the book up to date with a discussion of the re-emergence of pre-Keynesian ideas about austerity and balanced budgets as a response to recession.

Monopolized by David Dayen

Title Monopolized
Author David Dayen
Publisher The New Press
Release Date 2020-07-21
Category Business & Economics
Total Pages 86
ISBN 9781620975428
Language English, Spanish, and French
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Book Summary:

From the airlines we fly to the food we eat, how a tiny group of corporations have come to dominate every aspect of our lives—by one of our most intrepid and accomplished journalists “If you’re looking for a book . . . that will get your heart pumping and your blood boiling and that will remind you why we’re in these fights—add this one to your list.” —Senator Elizabeth Warren on David Dayen’s Chain of Title Over the last forty years our choices have narrowed, our opportunities have shrunk, and our lives have become governed by a handful of very large and very powerful corporations. Today, practically everything we buy, everywhere we shop, and every service we secure comes from a heavily concentrated market. This is a world where four major banks control most of our money, four airlines shuttle most of us around the country, and four major cell phone providers connect most of our communications. If you are sick you can go to one of three main pharmacies to fill your prescription, and if you end up in a hospital almost every accessory to heal you comes from one of a handful of large medical suppliers. Dayen, the editor of the American Prospect and author of the acclaimed Chain of Title, provides a riveting account of what it means to live in this new age of monopoly and how we might resist this corporate hegemony. Through vignettes and vivid case studies Dayen shows how these monopolies have transformed us, inverted us, and truly changed our lives, at the same time providing readers with the raw material to make monopoly a consequential issue in American life and revive a long-dormant antitrust movement.

What S Wrong With Economics by Robert Skidelsky

Title What s Wrong with Economics
Author Robert Skidelsky
Publisher Yale University Press
Release Date 2020-04-28
Category Business & Economics
Total Pages 224
ISBN 9780300252767
Language English, Spanish, and French
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Book Summary:

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice of flawed economic models. Noted economic thinker Robert Skidelsky explains the circumstances that have brought about this constriction and proposes an approach to economics which includes philosophy, history, sociology, and politics. Skidelsky’s clearly written and compelling critique takes aim at the way that economics is taught in today’s universities, where a focus on modelling leaves students ill-equipped to grapple with what is important and true about human life. He argues for a return to the ideal set out by John Maynard Keynes that the economist must be a “mathematician, historian, statesman, [and] philosopher” in equal measure.

John Kenneth Galbraith by Richard Parker

Title John Kenneth Galbraith
Author Richard Parker
Publisher Farrar, Straus and Giroux
Release Date 2015-05-12
Category Biography & Autobiography
Total Pages 832
ISBN 9781466893757
Language English, Spanish, and French
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Book Summary:

The life and times of America's most celebrated economist, assessing his lessons-and warnings-for us today John Kenneth Galbraith's books -- among them The Affluent Society and American Capitalism -- are famous for good reason. Written by a scholar renowned for energetic political engagement and irrepressible wit, they are models of provocative good sense that warn prophetically of the dangers of deregulated markets, war in Asia, corporate greed, and stock-market bubbles. Galbraith's work has also deeply-and controversially-influenced his own profession, and in Richard Parker's hands his biography becomes a vital reinterpretation of American economics and public policy. Born and raised on a small Canadian farm, Galbraith began teaching at Harvard during the Depression. He was FDR's "price czar" during the war and then a senior editor of Fortune before returning to Harvard and to fame as a bestselling writer. Parker shows how, from his early championing of Keynes to his acerbic analysis of America's "private wealth and public squalor," Galbraith regularly challenged prevailing theories and policies. And his account of Galbraith's remarkable friendship with John F. Kennedy, whom he served as a close advisor while ambassador to India, is especially relevant for its analysis of the intense, dynamic debates that economists and politicians can have over how America should manage its wealth and power. This masterful chronicle gives color, depth, and meaning to the record of an extraordinary life.

Revisiting Keynes by Lorenzo Pecchi

Title Revisiting Keynes
Author Lorenzo Pecchi
Publisher Mit Press
Release Date 2010
Category Business & Economics
Total Pages 215
ISBN 0262515113
Language English, Spanish, and French
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Book Summary:

Leading economists revisit a provocative essay by John Maynard Keynes, debatingKeynes's vision of growth, inequality, work, leisure, entrepreneurship, consumerism, and the searchfor happiness in the twenty-first century.

Hayek Vs Keynes by Thomas Hoerber

Title Hayek vs Keynes
Author Thomas Hoerber
Publisher Reaktion Books
Release Date 2017-06-15
Category Business & Economics
Total Pages 192
ISBN 9781780237787
Language English, Spanish, and French
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Book Summary:

Few thinkers better encapsulate the two polarities of economic and social thought in the twenty-first century than Friedrich Hayek and John Maynard Keynes. Wrestling with the horrors of world wars, the atrocities of fascist regimes, the hungers of the Great Depression, and the turbulence of political ideologies as they grew evermore pitted against one another, both sought a cure for modernity’s terrible problems and a safeguard against future catastrophes—a task that would leave them with completely different conclusions. In this book, Thomas Hörber offers a clear historical account of the work of these two great figures of modern economic thought. Hoerber looks at the two central works that would alter the course of economic thought: Keynes’s The General Theory of Employment, Interest, and Money and Hayek’s The Road to Serfdom. Placing them within the context of the devastation that followed World War I, he explains how the historical conditions in which these books were written help us better understand how their lessons can illuminate the economic and political phenomena of our own era, such as the recent financial crisis, globalization, and European integration. He shows how Keynes’s emphasis on government regulation through monetary and fiscal policy and Hayek’s great cautions against the tyrannies that can so easily arise from central planning have led to competing schools of economic thought. Making accessible classic economic theory and employing a qualitative method of economics, he offers an articulated account of how history has led to our current economic environment. With a broad perspective and incisive but clear examinations of important economic theories, this book places the two great economists of the twentieth-century within their historical context, illuminating how much we have learned—and can still learn—from them both.

A Treatise On Probability by John Maynard Keynes

Title A Treatise on Probability
Author John Maynard Keynes
Publisher Courier Corporation
Release Date 2013-09-02
Category Mathematics
Total Pages 480
ISBN 9780486159645
Language English, Spanish, and French
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Book Summary:

Originally published in 1921, this mathematical work represents a significant contribution to the logical probability of propositions. Keynes effectively dismantled the classical theory, launching the "logical-relationist" theory of probability.

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