
by
JOHN MAYNARD KEYNES, C.B. - Fellow of King's College, Cambridge
PREFACE
THE ECONOMIC CONSEQUENCES OF THE PEACE
Chapter I - Introductory
Chapter II - Europe before the War
Chapter III - The Conference
Chapter IV - The Treaty
Chapter V - Reparation
Chapter VI - Europe after the Treaty
In this incisive analysis, a former Treasury official turned diplomatic delegate unpacks the fragile state of Europe after the Great War. Drawing on his direct experience at the Paris peace talks, he shows how the new settlement rests on shaky economic foundations, warning that the imposed reparations and territorial adjustments could destabilize the continent’s already strained markets. The narrative blends vivid observations of everyday life in Britain and the continent with a clear-eyed assessment of how intertwined economies make any punitive measures perilously risky for all.
The author argues that while Britain and the United States may feel insulated, the deeper currents of debt, production disruption, and social unrest flow across borders, threatening both prosperity and peace. By exposing the assumptions that underlie the treaty’s design, he invites listeners to reconsider the cost of short‑sighted decisions and to contemplate a more balanced approach to rebuilding a shattered Europe.
Language
en
Duration
~6 hours (354K characters)
Publisher of text edition
Project Gutenberg
Release date
2005-05-06
Rights
Public domain in the USA.

1883–1946
Best known for transforming modern economics during the crises of the early 20th century, he argued that governments should step in when markets fail and unemployment persists. His ideas reshaped policy debates around recession, recovery, and public spending for generations.
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