The Economic Consequences of the Peace.

KEYNES, J.M.

$1,250.00

Item Number: 108596

London: Macmillan & Company, 1919.

First edition of the best-selling book that established Keynes’ reputation as a leading economist. Octavo, original blue cloth with gilt titles and ruling to the spine. In near fine condition.

The Economic Consequences of the Peace was written after Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much more generous peace. It was a best-seller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace". It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The perception by much of the British public that Germany had been treated unfairly in turn was a crucial factor in public support for appeasement. The success of the book established Keynes' reputation as a leading economist. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan after Second World War is a similar system to that proposed by Keynes in The Economic Consequences of the Peace. "The most important economic document relating to World War I and its aftermath" (John Kenneth Galbraith).