Benn Steil

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Book Review

Bretton Woods' Fatal Conceit

The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order

AUGUST 22, 2013 by DOUGLAS FRENCH

Benn Steil's account of the people and personalities at the heart of the Bretton Woods conference makes for fascinating reading, even if you're not a history buff or economics geek.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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