Bordo, Michael D.; Schenk, Catherine R. - National Bureau of Economic Research - 2021
In 1919, John Maynard Keynes wrote his famous tract The Economic Consequences of the Peace. In that work, he … underpinned his prediction of a backslash of economic nationalism, trade protectionism, and recession …The paper revisits the turning points in the evolution of the global economic system since 1919 by focusing primarily …