John Maynard Keynes The Economic Consequences Of The Peace Summary

The Review of John Maynard Keynes, The Economic Consequences of the Peace is written by, Thorstein Veblen. The Economic Consequences of the Peace is written by, John Maynard Keynes. Mr. Keynes is a peace delegate for the British, as the peace delegate Mr. Keynes always wanted to argue for the most peaceful option. At the same time when this book was written, it was meant to help people understand the Versailles treaty, and the involvement in the League of Nation. The Treaty of Versailles was written at the end of World War 1. The treaty was written to end the fighting between Germany and the allied power. Even though the treaty was signed at June 28, 1919, the treaty was not processed till October 21, 1919 by the League of Nations.

Even though the treaty was made to stop the fighting between Germany and the Allied power. The treaty had major flaws. Mr. Veblen mentions in his review the treaty weaknesses. When the treaty was written the Allied power did not include Germany in the negotiation, the 14 points with the absent of ownership, and the suppression of Soviet Russia. As Mr. Veblen critiques the work of John Maynard Keynes; Mr. Veblen talks

Keynes ignorance observation in the meetings, the treaty turned out to be a peaceful treaty, rather than creating a warlike enterprise. Mr. Veblen mentions how the 14 point of the treaty was drawn up without care and consideration, because of the neglectfulness to detail, the Bolshevist was not aware of menace of the 14 points. During the time the 14 point was being drawn up the Bolshevist was overturning the Soviet Russia. When the Bolshevist finally figured out the 14 points, they had no choice but to quarrel with the Elder Statesmen. The 14 points states that the Bolshevist will be absentee to the ownership, the present economic and political order will also be absentee as well. With this absent of ownership, the Great Powers says that the foundation of law and order will be handed to the civilized