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The Economic Consequences of the Peace
 
 

The Economic Consequences of the Peace (Paperback)

by John Maynard Keynes (Author)
4.5 out of 5 stars See all reviews (2 customer reviews)
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Product details

  • Paperback: 186 pages
  • Publisher: BiblioBazaar, LLC (22 Feb 2007)
  • Language English
  • ISBN-10: 1426489099
  • ISBN-13: 978-1426489099
  • Product Dimensions: 20.1 x 13.5 x 1 cm
  • Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 843,813 in Books (See Bestsellers in Books)

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Product Description

Product Description
The writer of this book was temporarily attached to the British Treasury during the war and was their official representative at the Paris Peace Conference up to June 7 1919. He also sat as deputy for the Chancellor of the Exchequer on the Supreme Economic Council.

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4 of 5 people found the following review helpful:
5.0 out of 5 stars Nought remains but vindictiveness among the strong, 7 Sep 2006
By Luc REYNAERT (Beernem, Belgium) - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   
For Keynes, the Peace Treaty of Paris after World War I was a matter of life and death, of starvation and existence, and the fearful convulsions of a dying civilization.
But the negotiating politicians had absolutely no vision. Clemenceau wanted a Carthaginian peace, President Wilson was essentially a theologian and Lloyd George yielded to national electoral chicane.
The victors had no magnanimity. `The future life of Europe was not their concern; its means of livelihood was not their anxiety. Their preoccupations related to frontiers and nationalities, to imperial aggrandizements, to the future enfeeblement of a strong and dangerous enemy, to revenge and to the shifting of their unbearable financial burden on to the shoulders of the defeated.
But for Keynes, the policy of reducing Germany to servitude for a generation was abhorrent and detestable: `Nations are not authorized, by religion or natural morals, to visit on the children of their enemies the misdoings of parents or of rulers.'

Keynes had the decency to leave the negotiations from the moment he saw the looming disastrous results.

Keynes brilliantly calculated that Germany could not pay the imposed debt. He foresaw the coming German hyperinflation. He clearly recognized the danger of `a victory of reaction' (the right) in Germany, because it would endanger the security of Europe and the basis of peace.
Eventually that's what happened with all its disastrous consequences for Europe.
His prediction of millions of dead from starvation in Germany didn't occur.

This sometimes rather technical book is still a very worth-while read. His author was a visionary.
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4.0 out of 5 stars Self-fulfilling prophecy?, 7 Sep 2008
By Mr. Nicholas Dougan "Nick" (Kent, UK) - See all my reviews
(TOP 1000 REVIEWER)    (REAL NAME)   
I read this book, subtitled "The Carthaginian Peace", some quarter of a century ago when studying international relations in the inter-war years. It is the book I think of every time I hear or read the word "polemic" - this is a masterful polemic - but as such it is by its own intention an entirely one-sided argument.

While I agree with Keynes at a moral level as to the injustice of the Versailles Settlement, it has to be added that there was an element of self-fulfilling prophecy about the book. By undermining support for reparations in Britain and the US, and by questioning the moral rectitude of the peace settlement, it made it much easier for Germany to default and provided justification for those in Germany who rebelled against the settlement system - including, ultimately, the Nazis.

Keynes overlooked the fact that irrespective of who had acused the First World War, it was France that had suffered the material damage.
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