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John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
A sever economic critique of the 1920 Treaty of Versailles written by the famous economist, who was a member of the British peace delegation until he quit with disgust.
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In a turbulent world, Keynes's warnings of a century ago are no less relevant - and some even more so.
A Revision of the Treaty : Being a Sequel to the Economic Consequences of the Peace by John Maynard Keynes, first published in 1922, is a rare manuscript, the original residing in one of the great libraries of the world. This book is a reproduction of that original, which has been scanned and cleaned by state-of-the-art publishing tools for better readability and enhanced appreciation. Restoration Editors' mission is to bring long out of print manuscripts back to life. Some smudges, annotations or unclear text may still exist, due to permanent damage to the original work. We believe the literary significance of the text justifies offering this reproduction, allowing a new generation to appreciate it.
"The Economic Consequences of the Peace" gave economist John Maynard Keynes a huge but controversial influence on perceptions of the peace treaty signed after World War I. John Maynard Keynes was not only a brilliant economist, but a superb writer with a keen eye for the foibles of the great men of his time. "The Economic Consequences of the Peace" is a must read for anyone interested in the Versailles Peace Treaty and the aftermath of its signing. Even today, the power of Keynes' argument is evident. Though Keynes admitted that the allies might not hold Germany to all the economic terms of the treaty, he still felt strongly that many of the terms of the treaty, whether enforced or not, discouraged sound planning by German investors, companies, and its government, and unnecessarily impoverished the German people. As pointed out in his classic book, Keynes felt this was bad for not just Germany, but all of Europe.
* Beautifully illustrated with atmospheric paintings by renowned artists, The Economic Consequences of the Peace was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace". It helped to consolidate American public opinion against the treaty and involvement in the League of Nations.* Just as accessible and informative for today's readers as it would have been when first published, the work is one of the great pieces of English economic literature and continues to be widely read throughout the world.* This meticulous edition from Heritage Illustrated Publishing is a faithful reproduction of the original text and is enhanced with images of classic works of art carefully selected by our team of professional editors.