The Economic Consequences of the Peace

The Economic Consequences of the Peace Download PDF eBook The Economic Consequences of the Peace,

A brand new version of the seminal textual content by the father of fashionable economics.

First revealed in 1919, John Maynard Keynes’s The Economic Consequences of the Peace created rapid controversy. Keynes was a firsthand witness to the negotiations of the Paris Peace Convention, as an official consultant of the British Treasury, and he concurrently sat as deputy for the chancellor of the Exchequer on the Supreme Economic Council. In these roles, he was in a position to understand with nice readability the tenor and perspective that may come to form Europe after the First World Warfare. What he noticed disturbed him significantly, and ultimately he resigned from each these roles, satisfied that there was now not any technique to keep away from an unjust peace treaty.

After his resignation, Keynes started work on The Economic Consequences of the Peace, which argues that the peace made at the finish of World Warfare I used to be an unfair, dehumanizing one for Germany and the different vanquished international locations. Keynes’s warning proved prophetic when Hitler and the Nazi Get together rose to energy fourteen years later as a direct end result of the disastrous financial situation in Germany. Keynes’s predictions helped cement his standing as one of historical past’s main economists. His works are important studying at this time for anybody who needs to grasp fashionable governments and economies. This version additionally contains an introduction from former Chairman of the Federal Reserve Paul Volcker, who elegantly contextualizes the persevering with relevance of Keynes’s work to up to date society.

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