A Revision of the Treaty / Being a Sequel to The Economic Consequence of the Peace

Name: A Revision of the Treaty / Being a Sequel to The Economic Consequence of the Peace
Author: John Maynard Keynes

By John Maynard Keynes

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Economics History - Modern (1750+)

About This Book

The author collects corrections and additions to his earlier analysis and presents a factual review of the reparation problem, surveying public and official opinion and tracing events from ratification through the subsequent diplomatic ultimatums. He examines practical issues such as coal deliveries, the legality of occupying territory east of the Rhine, currency arrangements and the Wiesbaden agreement, and details the reparation assessment, receipts, disbursements and claims for pensions. The work connects reparations to inter‑allied debts and international trade, critiques the burden imposed by the London settlement, and advocates a revision of the peace settlement; an appendix assembles contemporary agreements, assessments and tables to support the argument.

About the Author

John Maynard Keynes

John Maynard Keynes was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He is best known for his work "The Economic Consequences of the Peace," which critiqued the Treaty of Versailles and its economic implications for Europe after World War I. Keynes advocated for government intervention in the economy to mitigate the adverse effects of recessions, a concept that laid the groundwork for modern economic policies. His influential theories, often referred to as Keynesian economics, emphasized the importance of aggregate demand in driving economic growth and stability.