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.
About the Author
Zachary D. Carter is a senior reporter at HuffPost, where he covers Congress, the White House, and economic policy. He is a frequent guest on cable news and news radio, and his written work has also appeared in The New Republic, The Nation, and The American Prospect, among other outlets. His story, “Swiped: Banks, Merchants and Why Washington Doesn't Work for You” was included in the Columbia Journalism Review’s compilation Best Business Writing. He lives in Brooklyn, New York.
“Zachary D. Carter has given us an important, resonant, and memorable portrait of one of the chief architects of the world we’ve known, and know still. As Richard Nixon observed, we’re all Keynesians now—even if we don’t realize it. Carter’s powerful book will surely fix that.”—Jon Meacham, Pulitzer Prize–winning author of The Hope of Glory
“A brilliantly wrought, beautifully written life of one of the most captivating intellects of the twentieth century.”—Liaquat Ahamed, author of Lords of Finance
“The Price of Peace is a towering achievement. Carter blends a nuanced and sophisticated financial history of the twentieth century with the intimate personal drama and political upheaval of an epic novel. . . . A masterful biography of a unique and complex social thinker.”—Stephanie Kelton, author of The Deficit Myth
“With an eye for the apt phrase and the telling detail, Zachary D. Carter has written a thoughtful and sweeping biography of Keynes and his ideas, extending through the twentieth century and into our own time. Carter gives life to the effortless brilliance, frank appetites, and ethical commitments that made Keynes and Keynesianism so immensely consequential in philosophy, art, money, politics, letters, and war. The Price of Peace is a terrific book about a fascinating character.”—Eric Rauchway, author of Winter War
“A spectacular new biography that paints a rich and textured portrait of the great economist and locates his ideas within the broad sweep of economic and intellectual history . . . With his first book, Carter establishes himself as the rare writer who can weave compelling narrative, insightful analysis and explication of complex phenomena in prose that is accessible, elegant, almost lyrical at times. The Price of Peace should be required reading for every economics major and anyone who struggles to understand the interplay of money, markets and economic policy.”—The Washington Post
“Making an impressive book debut, journalist Carter offers a sweeping, comprehensive biography of economist, political theorist, and statesman John Maynard Keynes (1883–1946), one of most influential figures of his time. . . . An absorbing, thoroughly researched life of a singular thinker.”—Kirkus Reviews (starred review)
“Although British economist [John Maynard] Keynes is mostly remembered for the theory that bears his name, in his first book, journalist [Zachary D.] Carter reveals that his ideas have far more to offer to today’s world of rickety economies and creeping authoritarianism. . . . In this sweeping intellectual biography, Carter traces Keynes’ career from his first forays into public policy during WWI, through the bumpy 1920s and the Great Depression, to its end in the behind-the-scenes negotiations of WWII. He vividly describes Keynes’ world, which encompassed both European realpolitik and the Bloomsbury Group, and illustrates how his academic, cultural, and political activities influenced his ideas. . . . Carter’s timely study is highly recommended.”—Booklist (starred review)
Situated on the main street of the historic Delaware Riverfront town of New Hope, Pennsylvania, Farley’s Bookshop and its knowledgeable, experienced staff have endeavored to satisfy the literary tastes of the area inhabitants for over fifty years. Whether you are Bucks County born-and-bred or just stopping by to enjoy the crisp river air and delightful scenery, you will be pleasantly surprised to find the largest and most diverse collection of books-in-print in Bucks County. Farley’s may have competition, but it has few peers. We encourage you to browse our website, but please remember that getting acquainted with our online persona is no substitute for exploring the narrow passageways and teeming shelves of our storefront and discovering that perfect book nestled amongst so many others.
New Hope for American Art
New Hope for American Art is the most comprehensive book ever published on artists from, and surrounding, the New Hope Art Colony (also known as the Pennsylvania Impressionists). This book, with its 612 pages and over 1,000 color plates of artwork include biographies of 165 individual Pennsylvania Impressionists and New Hope Modernists as well as artists from the Philadelphia Ten, a pioneering group of women all educated at Philadelphia art schools.
In this book, you'll find biographies and artwork from such artists as:
William Langson Lathrop
William F. Taylor
M. Elizabeth Price
S. George Phillips
Rae Sloan Bredin
Charles F. Ramsey
New Hope for American Art was authored, designed and published by James M. Alterman, an expert in the field of Pennsylvania Impressionist and Modernist painting. A longtime collector and owner of two fine art galleries, Alterman wanted to create a user-friendly book intended not only to educate collectors and enthusiasts about this art but to help train one's eye. The book offers valuable tips on how to avoid common mistakes often experienced by new collectors drawn from the author's personal experiences as a collector and fine art dealer.