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- DescriptionThe Ecomic Consequences of the Peace gave ecomist John Maynard Keynes a huge but controversial influence on perceptions of the peace treaty signed after World War I. John Maynard Keynes was t only a brilliant ecomist, but a superb writer with a keen eye for the foibles of the great men of his time. The Ecomic Consequences of the Peace is a must read for anyone interested in the Versailles Peace Treaty and the aftermath of its signing. Even today, the power of Keynes' argument is evident. Though Keynes admitted that the allies might t hold Germany to all the ecomic terms of the treaty, he still felt strongly that many of the terms of the treaty, whether enforced or t, discouraged sound planning by German investors, companies, and its government, and unnecessarily impoverished the German people. As pointed out in his classic book, Keynes felt this was bad for t just Germany, but all of Europe.
- Author BiographyJohn Maynard Keynes, (1883-1946) was a British economist whose ideas have profoundly affected modern macroeconomics and social liberalism, both in theory and practice. He advocated interventionist economic policy, by which governments would use fiscal and monetary measures to mitigate the adverse effects of business cycles, economic recessions, and depressions. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots. In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would automatically provide full employment as long as workers were flexible in their wage demands. Following the outbreak of World War II, Keynes's ideas concerning economic policy were adopted by leading Western economies. During the 1950s and 1960s, the success of Keynesian economics was so resounding that almost all capitalist governments adopted its policy recommendations. In 1999, Time magazine included Keynes in their list of the 100 most important and influential people of the 20th century, commenting that; His radical idea that governments should spend money they don't have may have saved capitalism. Keynes is widely considered the father of modern macroeconomics, and by various commentators such as economist John Sloman, the most influential economist of the 20th century. In addition to being an economist, Keynes was also a civil servant, a patron of the arts, a director of the Bank of England, an advisor to several charitable trusts, a writer, a private investor, an art collector, and a farmer.
- Author(s)John Maynard Keynes
- PublisherCreatespace Independent Publishing Platform
- Date of Publication17/05/2010
- FormatPaperback / softback
- SubjectEconomics: Professional & General
- Country of PublicationUnited States
- ImprintCreatespace Independent Publishing Platform
- Content Noteblack & white illustrations
- Weight213 g
- Width152 mm
- Height229 mm
- Spine8 mm
- Format DetailsTrade paperback (US),Unsewn / adhesive bound
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