The Economic Consequences of the Peace

Author: John Maynard Keynes Series: Classic, 20th-Century, Penguin

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John Maynard Keynes, at the time a rising young economist, abruptly resigned his position as adviser to the British delegation negotiating the peace treaty ending World War I. Frustrated and angered by the Allies' focus on German war guilt, Keynes predicted that the vindictive reparations policy, which locked Germany into long-term payments, would not only stifle the German economy for another generation but leave Europe in ruins.

Published in 1919, Keynes's The Economic Consequences of the Peace aroused heated debates throughout Europe; his remarkably prescient conclusions were frequently cited by German leaders during the decades between the wars. Keynes's well-reasoned yet impassioned arguments, peppered with biting portraits of the statesen involved in the peace treaty—including Llyod George, Georges Clemenceau, and Woodrow Wilson—brought him immediate fame.

"The most important "economic" document relating to World War I and its aftermath" —John Kenneth Galbraith

Critic Reviews

“"The most important”

economic document relating to World War I and its aftermath" --John Kenneth Galbraith

About the Author

John Maynard Keynes (1883-1946) was one of the greatest econJohn Maynard Keynes (1883-1946) was one of the greatest econJohn Maynard Keynes (1883-1946) was one of the greatest economic theorists of the twentieth century. He was chairman of omic theorists of the twentieth century. He was chairman of omic theorists of the twentieth century. He was chairman of the liberal journal of opinion The Nation and economics advithe liberal journal of opinion The Nation and economics advithe liberal journal of opinion The Nation and economics advisor for more than thirty years to British governments. He wr