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Why was Keynes not awarded the Nobel Peace Prize after writing The Economic Consequences of the Peace?

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  • Lars Jonung

Abstract

John Maynard Keynes became famous with The Economic Consequences of the Peace published in 1919, a harsh critique of the Versailles peace treaty. As a consequence, Keynes was nominated for the Nobel Peace Prize in 1922, 1923, and 1924, and evaluated in advisory reports for the Nobel Committee of the Norwegian parliament. This paper summarizes these appreciative reports. The appraiser even informed Keynes that he was “one of the foremost candidates proposed for the Nobel Peace Prize”. Still, the Prize was not awarded to him. This paper ends with a speculative answer to why the Prize was not given to Keynes.

Suggested Citation

  • Lars Jonung, 2022. "Why was Keynes not awarded the Nobel Peace Prize after writing The Economic Consequences of the Peace?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 396-419, April.
    • Handle: RePEc:bla:scandj:v:124:y:2022:i:2:p:396-419
    DOI: 10.1111/sjoe.12467
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    1. Lars Jonung, 2022. "Why was Keynes not awarded the Nobel Peace Prize after writing The Economic Consequences of the Peace?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 396-419, April.
    2. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    3. Moggridge, D E, 1992. "The," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 207-209, Summer.
    4. Carlson, Benny, 2009. "Who Was Most World-Famous – Cassel Or Keynes? The Economist As Yardstick," Journal of the History of Economic Thought, Cambridge University Press, vol. 31(4), pages 519-530, December.
    5. Carlson, Benny & Jonung, Lars, 2019. ""Too Bad to Be True". Swedish Economists on Keynes's 'The Economic Consequences of the Peace, 1919-1929'," Working Papers 2019:16, Lund University, Department of Economics.
    6. Agnar Sandmo, 2007. "Retrospectives: Léon Walras and the Nobel Peace Prize," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 217-228, Fall.
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    1. Lars Jonung, 2022. "Why was Keynes not awarded the Nobel Peace Prize after writing The Economic Consequences of the Peace?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 396-419, April.

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    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F30 - International Economics - - International Finance - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative

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