Zachary D. Carter
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The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
5 editions
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published
2020
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“Prosperity is not hard-wired into human beings; it must be orchestrated and sustained by political leadership.”
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
“As Keynes explained his own methods in The General Theory: “The object of our analysis is, not to provide a machine, or method of blind manipulation, which will furnish an infallible answer, but to provide ourselves with an organised and orderly method of thinking out particular problems….Too large a proportion of recent ‘mathematical’ economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.”8”
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
“It is not true that individuals possess a prescriptive ‘natural liberty’ in their economic activities,” Keynes wrote. “There is no ‘compact’ conferring perpetual rights on those who Have or on those who Acquire. The world is not so governed from above that private and social interests always coincide. It is not a correct deduction from the principles of economics that enlightened self-interest always operates in the public interest.”
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
― The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes
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