Harold James` elegant essay is the most thoughtful of the book. The Bretton Woods agreement, he writes, was possible because it isolated monetary unification from endless trade disputes that stopped trade wars for 70 years. “His book is much more than the 1944 conference that defined the architecture of the post-war international monetary system and led to the creation of the International Monetary Fund and the World Bank.” In the Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White and the Emergence of a New World Order, Benn Steil has collected three interesting stories that are usually told separately: the life of John Maynard Keynes; the spying activities of U.S. Treasurer Harry Dexter White; and the very birth of the Bretton Woods agreement. Steil, a senior fellow at the Council on Foreign Relations, understands the economic issues at stake and has done careful research on history. Any good story that has ever been told about the main actors involved and what happened himself is in his book and a few others. This is an excellent and edifying report for those who come on the subject, and even for those who know most of it. “It`s a fantastic book. Gold and silver, two of my favorite subjects. It`s also a brilliant story, and an exciting spy thriller. — Larry Kudlow, CNBC » Raide, a senior fellow at the Council on Foreign Relations, understands the economic issues at stake and has done careful research on history. Any good story that has ever been told about the main actors involved and what happened himself is in his book and a few others.
For those who have just arrived on this subject, and even for those who know most of it, it is an excellent and edifying report. Robert Skidelsky, New York Review of Books “In a new book that explains what really happened at Bretton Woods, Benn Steil shows that what happened in the mountains of New Hampshire this summer is not quite the story we were told” – Neil Irwin, WashingtonPost.com “Benn Steil provides a well-researched and interesting report on the historical monetary conference. . . . His efforts ensure a pleasant reading…. The steep slope is perhaps better to express how the Bretton Woods system was different from the classical gold standard – a difference that would ultimately lead to the failure of Bretton Woods. SSRN`s excellent book should be a sweet reminder of the financial systems that have worked well in the past – and should not be repeated. – William J. Luther, SSRN`s Economic History eJournal “The Battle of Bretton Woods is a well-researched and very well-written book, which is recommended to anyone interested in economic and diplomatic history.” -Tobias Leeg, Political Studies Review “[Benn Steils] the new book The Battle of Bretton Woods is perhaps the most accessible study to date on a key moment in world economic history, which is however little understood. Kevin Carmichael, Globe & Mail Among investors who fear that dominant tensions over trade imbalances could turn into open currency war, it is common to turn the Bretton Woods years into a golden era of international harmony. . .