Why did Alan love this book?
I don’t know that I exactly ‘loved’ this book, more that I was endlessly impressed and intrigued by it.
Just after World War I, Keynes was part of the British team negotiating reparations at the Versailles Peace Treaty. He was so angry about the way the Allies were insisting on punitive penalties on the defeated Germans that were far more than that country could ever pay, that he resigned in protest, stormed off to his friends in the Bloomsbury Group who owned a house in the country, and in six weeks wrote this bitter yet very readable polemic.
He was rude about all the Great Power leaders, and his forecasts that the Germans would pay almost nothing, and build resentments that would lead to political strife turned out to be tragically accurate. The book sold 100,000 copies in 12 languages in the first 6 months, changed the way the League…
1 author picked The Economic Consequences of the Peace as one of their favorite books, and they share why you should read it.
The Economic Consequences of the Peace by John Maynard Keynes - The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe has lived for the last half century. We assume some of the most peculiar and temporary of our late advantages as natural, permanent, and to be depended on, and we lay our plans accordingly. On this sandy and false foundation we scheme for social improvement and dress our political platforms, pursue our…