Price of Peace

“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)

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.