The Economic Consequences of the Peace

Written in the aftermath of World War I, The Economic Consequences of the Peace is John Maynard Keynes’s powerful critique of the Treaty of Versailles and its devastating economic impact on Europe. Drawing on his experience as a delegate at the peace negotiations, Keynes argues that harsh reparations and political short-sightedness would lead not to stability, but to economic collapse and future conflict.

Clear, passionate, and remarkably prescient, this work challenged the leaders of its time and reshaped modern economic and political thought. More than a historical document, it remains a vital warning about the dangers of ignoring economic reality in the pursuit of political revenge.