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The Economic Consequences of the Peace
- Narrated by: Jonathan Keeble
- Length: 8 hrs and 17 mins
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Publisher's summary
The Economic Consequences of the Peace (1919) was one of the most important documents to come out of World War I - specifically the period of the Armistice and the subsequent settlement negotiations. And, a century on, it remains of particular relevance to our times - an uncompromising and forthright analysis of how international diplomacy can be suffused by personalities, prejudices, personal ambition and outright, uncontrolled feelings of revenge.
In 1918, John Maynard Keynes - then still in his mid-30s - represented the British Treasury in Paris at the meetings which would result in the Treaty of Versailles. Highly intelligent, extremely competent and with a perspicacity and diligence which were to make him one of the key economic figures of the 20th century, he was first of all shocked and then appalled by the unseemly behaviour of the Allies’ delegates. Georges Clemenceau, the aged French diplomat, and his compatriot Field Marshall Foch were intent on extracting punitive damages from Germany which, as a by-product, would crush it economically and socially. Lloyd George, the British Prime Minister, supported the unrealistic demands for reparation because it would enable him to get reelected with a comfortable majority. President Woodrow Wilson, though full of idealism, proved no match against the wiles of hardened European negotiators.
Keynes saw clearly that the reparations the Allies wanted to extract would prove impossible for Germany to meet without placing its population at starvation levels, crushing its industry for decades to come, and sowing the seeds for another round of terrible violence - either through communist revolution as in Russia, or by an upsurge of right-wing nationalism. In the spring of 1919 Keynes left Paris, returning to England to write this damning account of what happens when older and entrenched politicians pursue their own ends.
With a considerable amount of detail, Keynes matches the undeniable war damage on one side and the inability of Germany, stripped of its monarchy, its merchant fleet, its colonies and important coal mines, to pay $30 billion in reparations, with the sword of Damocles of compound interesting hanging over late payments. Keynes’ measured logic cannot wholly disguise a deeply felt European passion as old men, still mired in nationalistic protectionism, concluded a treaty that led, ineluctably, towards another world war, as Keynes predicted. The Economic Consequence of the Peace is required listening in the 21st century. Jonathan Keeble brilliantly relays Keynes’ concerns.
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Ashame this is not taught in our
- By Karen on 08-18-07
By: Ayn Rand
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The Unfinished Symphony
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- Narrated by: Hugh Trudeau
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This volume will showcase the international grand design led by Benjamin Franklin that manifested in the establishment of the American republic and trace the next 130 years of world history as the USA was targeted for destruction by oligarchical forces from London and also from within leading up to the assassination of William McKinley in 1901.
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Timeless overview of world history
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By: Matthew Ehret, and others
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The Paranoid Style in American Politics
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This timely reissue of Richard Hofstadter's classic work on the fringe groups that influence American electoral politics offers an invaluable perspective on contemporary domestic affairs. In The Paranoid Style in American Politics, acclaimed historian Richard Hofstadter examines the competing forces in American political discourse and how fringe groups can influence - and derail - the larger agendas of a political party.
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Written in the 50s and 60s...
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The New Road to Serfdom
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In The New Road to Serfdom, British conservative Daniel Hannan argues forcefully and passionately that Americans must not allow Barack Obama to take us down the road to EU-style social democracy. Instead, he pleads with Americans not to abandon the founding principles that made their country a beacon of liberty for the rest of the world.
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An excellent read from a brilliant man...
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Free to Choose
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
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The Battle of Bretton Woods
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When turmoil strikes world monetary and financial markets, leaders invariably call for "a new Bretton Woods" to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of 44 nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization.
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Is this a mystery, a history or an economics book?
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The American Political Tradition
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The American Political Tradition is one of the most influential and widely read historical volumes of our time. First published in 1948, its elegance, passion, and iconoclastic erudition laid the groundwork for a totally new understanding of the American past. By writing a "kind of intellectual history of the assumptions behind American politics", Richard Hofstadter changed the way Americans understand the relationship between power and ideas in their national experience. Hofstadter was able to articulate, in a single work, a historical vision that inspired and shaped an entire generation.
By: Richard Hofstadter, and others
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The Corporation That Changed the World
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The English East India Company was the mother of the modern multinational. Its trading empire encircled the globe, importing Asian luxuries such as spices, textiles, and teas. But it also conquered much of India with its private army and broke open China's markets with opium. The Company's practices shocked its contemporaries and still reverberate today.
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Not what I expect from a history book
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For a New Liberty
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In For a New Liberty: The Libertarian Manifesto, Rothbard proposes a once-and-for-all escape from the two major political parties, the ideologies they embrace, and their central plans for using state power against people. Libertarianism is Rothbard's radical alternative that says state power is unworkable and immoral, and ought to be curbed and finally overthrown.
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I'm a Ron Paul Libertarian but this is a good
- By monte reed on 03-20-12
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Ill Fares the Land
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In Ill Fares The Land, Tony Judt, one of our leading historians and thinkers, reveals how we have arrived at our present dangerously confused moment. Judt masterfully crystallizes what we've all been feeling into a way to think our way into, and thus out of, our great collective dis-ease about the current state of things.
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Blah, Blah, Blah.
- By Michael on 07-15-10
By: Tony Judt
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What listeners say about The Economic Consequences of the Peace
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- Half Moon Bay
- 08-16-24
he predicted WW II
The insights to elected people who were not fully prepared to understand the consequences of their decisions comes to very clearly.What could be sold to constituents as popular caused suffering for many with the coming of World War II.
The policy to make West Germany a competitor rather than a payer of War debts after World War II, as it said the rest is history.
my take away... a country only really gets paid back a debt in Goods. Better to export / import and create jobs in both countries rather than just import a war payment.
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- Anonymous User
- 01-17-23
An excellent book for understanding Europe
Absolutely enjoyed the book. Great insight into the world order in the early 20th century. Seeds for the second WW II were sown in the peace treaty after WW I. The context and conditions in today's world don't seem to be much different after hundred years. All policymakers and economists must read this book before embarking on any peace negotiations. Great narration as well!
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- philip
- 12-24-20
Work of Genius
Keyes was one of the most brilliant men of the 20th century. It is stimulating to listen to such brilliance. One expects dryness from an economist, but Keynes was a great writer. I’ve read several books on the Treaty of Versailles, most notably Margaret Mitchell’s excellent Paris 1919. But nobody clarifies the defects of the Treaty as well as Keynes. In fact he rips it to shreds and backs it up with the math. He also shreds Woodrow Wilson. Some historians have speculated that Wilson’s failure may have been due to contracting the “Spanish Flu”. However Keynes portrays Wilson as unequipped from the start and a second rate intellect. Quite brutal take down. The narrator Keeble is quite good.
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2 people found this helpful