30.06.2021 | History

2 edition of A revision of the Treaty found in the catalog.

A revision of the Treaty

being a sequel to The economic consequences of the peace

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Published by Administrator in Harcourt, Brace and Company

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        StatementHarcourt, Brace and Company
        PublishersHarcourt, Brace and Company
        Classifications
        LC Classifications1922
        The Physical Object
        Paginationxvi, 120 p. :
        Number of Pages72
        ID Numbers
        ISBN 10nodata
        Series
        1nodata
        2
        3

        nodata File Size: 7MB.


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" Keynes's A Tract on Monetary Reform 1923 was a rather technical book that questioned the value of the gold standard over a managed paper currency. Pigou, and even Alfred Marshall begged him to become a professional economist. the legality of occupying Germany east of the Rhine. This was hardly a novel idea, but Keynes went on to postulate the exact nature of expenditures in each sector, especially the spending patterns of the consumer sector, which he portrayed by using a graph he called a "consumption function.

-from "The State of Opinion" Almost immediately after its ratification, it became clear that the Treaty of Versailles, ending World War I, was at least partly unworkable-and in this 1922 work, famed economist John Maynard Keynes dissected the problems he saw as the Treaty was being put into practice. British economist JOHN MAYNARD KEYNES 1883-1946 also wrote The End of Laissez-Faire 1926The Means to Prosperity 1933and General Theory of Employment, Interest and Money 1936.

At the Paris Peace Conference, Keynes became so dismayed by the harsh terms imposed on Germany in the Treaty of Versailles that he resigned in anger several days before the treaty was signed. In addition, Keynes was a noted patron of the arts and married the most beautiful and popular ballerina of his era.

He took part in the Paris Peace Conference as a representative of the Treasury. As if this weren't enough, he managed to amass a small fortune by investing in stocks and foreign currencies in his spare time. He was elected president of the Union, the most important nongovernmental debating society in the A revision of the Treaty, and his close friends included the intellectual members of the Bloomsbury group.

A Revision of the Treaty

" He reasoned that fluctuations in total economic activity could be traced to instability in the business sector, which had a multiplier effect on the rest of the economy. Subsequent research largely confirmed Keynes's propositions.

I argued that much of it was impossible; but I do A revision of the Treaty agree with many critics, who held that, for this very reason, it was also harmless. Soon governments, including that of the United States, began to develop a set of national income accounts to provide estimates of gross national product and national income.

OF INTEREST TO: readers of 20th-century history, students of economics I do not admit error in having based The Economic Consequences of the Peace on a literal interpretation of the Treaty of Versailles, or in having examined the results of actually carrying it out. In what he called a sequel to his 1919 book The Economic Consequences of the Peace, Keynes discusses:. He then wrote The Economic Consequences of the Peace 1919which outlined the folly of the treaty.

The General Theory was also popular because it offered policy prescriptions to help deal with the problems of depression, recession, and unemployment. how to best handle inter-ally debt.