Book Reviews Uncategorized

The Price of Peace – Keynes and his economic philosophy

By Zachary Carter

This book portrays the life of John Maynard Keynes and how his economic philosophies rescued the world after the great depression of 1929, also how ignoring his advice after World War 1, led us to World War 2 and all it’s horrors.

It also shows how his economic philosphy led us to wide spread prosperity of the developed world from 1950 to 1970 and the rise of a well to do middle class. Keynes died in 1946, but his economics lived on, with the help of influential economists like JK Galbraith.

The fight back of the elites with the help of a few influential neo liberal economists has decimated the middle class and led to a world more inequal than at anytime in recent history.

The inequality and rising poverty have led us to the rise of dictatorial leaders like Trump, increasing risks for democracy and heightening potential for violence. Interestingly the author puts the blame of the current situation on centrist leaders like Clinton and Blair, Obama and Merkel, rather than right wing leaders. Their failure to deliver for those hurt by neo liberal policies, led to normally left leaning workers fleeing to populist leaders like Trump and Johnson.

The Price of Peace by Zachary D Carter review – how liberals betrayed Keynes | Biography books | The Guardian