The Economic Consequences of the Peace by John Maynard Keynes

Introduction

The Economic Consequences of the Peace is a book by John Maynard Keynes, published in 1919. Keynes was a British economist who participated in the Paris Peace Conference as a member of the British delegation. He was dismayed by the way the conference was being conducted and by the excessive reparations being demanded from Germany. As a result, he wrote this book to warn of the dangers of these policies.

Key Points

• Keynes argued that the excessive reparations demanded from Germany would cripple the European economy and lead to another war.

• He advocated for a policy of economic reconstruction and international cooperation.

• He stressed the importance of free trade and internationalism.

Impact

• The book caused a great deal of controversy at the time.

• Keynes went on to become a famous economist and his book is considered one of his most important works.

• A new translation of the book was published in 2022.

Relevance Today

• The book's message about the economic consequences of war and the importance of international cooperation is still relevant today.

• The book offers important insights into the causes of conflict and the importance of economic recovery.

Related Books

• John Maynard Keynes, The General Theory of Employment, Interest and Money (Macmillan, 1936)

• Hiroshi Yamagata, Keynes and Modern Economics (Iwanami Shoten, 2009)

References

• John Maynard Keynes, The Economic Consequences of the Peace (Macmillan, 1919)

• Hiroshi Yamagata, New Translation of The Economic Consequences of the Peace (Toyo Keizai Shinposha, 2022)

Conclusion

The Economic Consequences of the Peace is a seminal work that offers important insights into the economic consequences of war and the importance of international cooperation. It is a must-read for anyone interested in economics, history, or international relations.