John Maynard Keynes and International Relations: Economic Paths to War and Peace

John Maynard Keynes and International Relations: Economic Paths to War and Peace

John Maynard Keynes and International Relations: Economic Paths to War and Peace

John Maynard Keynes and International Relations: Economic Paths to War and Peace

Synopsis

The ideas of John Maynard Keynes revolutionised twentieth-century economics, and continue to provoke debate today. This book explores fully, for the first time, Keynes' thinking on international relations and its links to his views on economics.

Excerpt

In The Economic Consequences of the Peace in 1919, the Cambridge economist John Maynard Keynes (1883–1946) condemned the economic provisions of the Treaty of Versailles as a threat to the peace of Europe. In 1936, his General Theory of Employment, Interest and Money expounded a new economic system which, it emphasized, 'might be more favourable to peace than the old has been'. During the Second World War, Keynes was the principal British negotiator in the creation of the International Monetary Fund (IMF) and World Bank. Though most famous for his contribution to economic theory and domestic economic policies, Keynes was, in these and other ways, an important writer on, and participant in, international relations.

Yet, though their writings in many cases touch on international issues, students of Keynes have not in any systematic or thorough way studied his thinking from the perspective of international relations. This is despite voluminous literature about him, including several major biographical studies: Robinson's superb memoir, Harrod's Life, Moggridge's short Keynes and his substantial Maynard Keynes: An Economist's Biography, three volumes of Skidelsky's rounded biography, Hession's psychological study, and Cairncross' essay. The literature on Keynes's economics and the development of his economic thinking, and on other aspects of his life and

Vol. 2, e.g. pp. 157, 169–70.

Vol. 7, p. 381.

E. A. G. Robinson, 'John Maynard Keynes', EJ, 57 (1947), 1–68.

R. F. Harrod, The Life of John Maynard Keynes (London, 1972 [1951]).

D. E. Moggridge, Keynes (London and Basingstoke, 2nd edn., 1980).

D. E. Moggridge, (ed.), Maynard Keynes: An Economist's Biography (London and New York,
1992).

R. Skidelsky, John Maynard Keynes: Hopes Betrayed, 1883–1920, vol. 1 (London, 1983); The
Economist as Saviour, 1920–1937, vol. 2 (London, 1992); Fighting for Britain, 1937–1946, vol. 3
(London, 2000).

C. H. Hession, John Maynard Keynes: A Personal Biography (New York, 1984).

Alec Cairncross, 'John Maynard Keynes', Oxford Dictionary of National Biography, vol. 31
(Oxford, 2004), pp. 483–98.

For example, P. Clarke, The Keynesian Revolution in the Making, 1924–1936 (Oxford,
1988).

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