Synopses & Reviews
"The most important economic document relating to World War I and its aftermath."—John Kenneth Galbraith
In 1919, John Maynard Keynes participated in the negotiations of World War I's armistice at the Versailles Peace Conference. Keynes strongly disagreed with terms of reparation imposed on Germany, arguing in this controversial book that German impoverishment would threaten all of Europe. Although many disagreed with the author at the time, the wisdom of his reasoning was later recognized at the close of World War II, when the Allies followed his advice and undertook a rebuilding program that paved the way for a democratic base in Germany, Italy, and Japan. This prophetic view of the European marketplace in the early twentieth century represents a much-studied landmark of economic theory. Unabridged republication of the 1920 edition.
Synopsis
In 1919, Keynes participated in the negotiations of World War I's armistice. He strongly disagreed with terms of reparation imposed on Germany, arguing in this controversial book that German impoverishment would threaten all of Europe. This prophetic view of the European marketplace in the early 20th century represents a much-studied landmark of economic theory.