A Revision of the Treaty

OF INTEREST TO: readers of 20th-century history students of economics I do not admit error in having based The Economic Consequences of the Peace on a literal interpretation of the Treaty of Versailles or in having examined the results of actually carrying it out. I argued that much of it was impossible; but I do not agree with many critics who held that for this very reason it was also harmless. -from The State of Opinion Almost immediately after its ratification it became clear that the Treaty of Versailles ending World War I was at least partly unworkable-and in this 1922 work famed economist John Maynard Keynes dissected the problems he saw as the Treaty was being put into practice. In what he called a sequel to his 1919 book The Economic Consequences of the Peace Keynes discusses: . the debate over German reparations . the legality of occupying Germany east of the Rhine . the division of reparations among the allies . how to best handle inter-ally debt . and more... British economist JOHN MAYNARD KEYNES (1883-1946) also wrote The End of Laissez-Faire (1926) The Means to Prosperity (1933) and General Theory of Employment Interest and Money (1936). ALSO FROM COSIMO: Keyness A Treatise on Probability and Indian Currency and Finance