The Making of a Masterpiece: John Maynard Keynes and The Economic Consequences of the Peace

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Michael Cox
Author(s):  
George Piggford

Members of the Bloomsbury Group wrote biographical texts influenced by the camp style of Lytton Strachey in Eminent Victorians and Queen Victoria. The most noticeable effect of this style is the subversion of Victorian biographical conventions. Stracheyesque qualities can be found in Virginia Woolf’s Orlando and Flush, John Maynard Keynes’ The Economic Consequences of the Peace, Clive Bell’s Old Friends, and E.M. Forster’s early nonfiction sketches and his biographies of Goldsworthy Lowes Dickinson and Marianne Thornton. Especially in their biographical writings these figures felt free to emphasize exaggeration, even silliness, in contrast to the psychological realism prevalent in their own and others’ fictional literary experiments. The Stracheyesque note in Bloomsbury biography provides a common quality and arguably queers readers’ expectations of modernist literary practices. As with the pervasive irregularity of their sexual practices, such textual play might be understood as liberatory and subversive.


2009 ◽  
Vol 23 (2) ◽  
pp. 213-222 ◽  
Author(s):  
Michael V White ◽  
Kurt Schuler

One frequently quoted passage from the work of John Maynard Keynes is that “the best way to destroy the capitalist system [is] to debauch the currency.” The passage, attributed to Vladimir Illyich Lenin, appears in Keynes' book The Economic Consequences of the Peace, which became an international bestseller when it was published in 1919. Economic historian Frank W. Fetter and others have expressed doubt that Keynes was really quoting Lenin because they found no such statement in Lenin's collected published writings. Fetter suggested that Keynes based his remark on stories about what the Soviets were supposed to be saying that he heard at the Paris peace conference of 1919. It is now possible to show that Keynes based his remark on a report of an interview with Lenin published by London and New York newspapers in April 1919. Keynes' discussion of inflation in the Economic Consequences can then be read as an extended commentary on the remarks attributed to Lenin in the interview. While the report of the interview was not reprinted after 1919, it will be also shown here that Lenin responded to Keynes in a speech that was reprinted in his Collected Works.


1988 ◽  
Vol 20 (1) ◽  
pp. 43-58 ◽  
Author(s):  
Catherine Ann Cline

Students of inter-war foreign relations have long recognized the role played by the British public's disapproval of the Treaty of Versailles in the burgeoning of the appeasement policy of the 1930's. The peace settlement, once generally viewed as “stern but just,” came to be perceived by all political parties and by the public at large as unduly harsh and punitive in its treatment of Germany. Hitler's rearmament of the Fatherland, the remilitarization of the Rhineland, the Anschluss with Austria, and the occupation of the Sudetenland were all significant attacks on the Versailles system which most groups in Britain had come to consider unworthy of defense.The influences which brought the Treaty into disrepute were various. For one thing, the deterioration of Anglo-French relations tended to foster an increasingly sympathetic attitude towards Germany. Then, too, the problems of the British economy led to an awareness that the stability of Britain's former trading partner in Central Europe was essential to her own prosperity and to a corresponding desire to soften those features of the peace settlement which might be impeding German recovery. In addition, John Maynard Keynes' brilliant polemic, The Economic Consequences of the Peace (1919), not only made the case that the reparation clauses were unfair and impossible of fulfillment, but, with its withering portraits of the peacemakers, also tended to undermine respect for the Treaty as a whole. Finally, criticisms of various aspects of the peace settlement by elite groups ranging from bankers to bishops of the Church of England contributed heavily to the public's increasingly negative perception of the entire Treaty.


2020 ◽  
Vol 43 (3) ◽  
pp. 451-482
Author(s):  
Guilherme Sampaio

Abstract Since its publication in 1919, John Maynard Keynes's Economic Consequences of the Peace has left a deep imprint on interpretations of the Treaty of Versailles and subsequent reparations discussions. Current scholarship on the treaty has accurately reassessed Keynes's conclusion that French peace aims were purely vindictive, but it has erroneously claimed that Consequences was a biased book barely read in France. By placing the reception of Consequences in the context of domestic French debates on the Versailles peace in 1920, this article demonstrates instead that Keynes's book was substantially discussed in France and that it garnered supporters among academic economists and on the left. Furthermore, examining the French networks that helped Keynes publish a translation of his book in the prestigious Nouvelle revue française problematizes his alleged Germanophilia. Dès sa publication en 1919, Les conséquences économiques de la paix de John Maynard Keynes a profondément influencé les analyses faites par les contemporains et les historiens sur le Traité de Versailles et la question des réparations allemandes. Aujourd'hui, l'historiographie concernant ces questions a beaucoup nuancé l'argument de Keynes selon lequel le traité avait imposé une « paix carthaginoise » à l'Allemagne. Mais elle a aussi erronément conclu que Les conséquences était un livre biaisé et par conséquent peu lu en France. En contextualisant les réactions au livre de Keynes dans les débats politiques français sur la paix de Versailles, cet article démontre qu'en fait, le livre a été considérablement discuté en 1920 et qu'il a réuni l'appui des économistes et de la Gauche. Par ailleurs, l'article problématise l'idée que Keynes fut un germanophile en analysant comment ses réseaux parisiens l'ont aidé à publier la traduction des Conséquences dans la Nouvelle revue française.


2019 ◽  
Vol 35 (3) ◽  
pp. 819
Author(s):  
Rocio Sanchez-Lissen

Este artículo se centra en las traducciones al castellano de seis libros de John Maynard Keynes, así como en las principales referencias a España halladas en ellos, estructurándose en dos partes. La primera ofrece una breve biografía de Keynes relevante para este trabajo, y la segunda presenta por orden cronológico de su publicación original en inglés los libros de Keynes traducidos al castellano. De esta manera, las referencias a esos libros traducidos comienzan con The Economic Consequences of the Peace (1919), editado en España en 1920 y terminan con The General Theory of Employment, Interest and Money (1936), editado en Méjico en 1943. Se ofrece también un anexo con la relación de libros traducidos y sus posteriores ediciones.


2009 ◽  
Vol 8 (13) ◽  
Author(s):  
Fernando Ferrari Filho

Este artigo investiga a evolução das idéias de Keynes relacionadas à teoria monetária. Na elaboração do trabalho, o autor desenvolve a análise a partir das seguintes obras: Indian Currency And Finance, 1913, The Economic Consequences Of The Peace, 1919, A Tract On Monetary Reform, 1923, A Treatise On Money, 1930, e The General Theory Of Employment. Interest And Money, 1936. Em termos de conclusão, o trabalho mostra que, em primeiro lugar, o pensamento keynesiano move-se de uma posição na qual a Teoria Quantitativa da Moeda está inserida no seu "approach" teórico para uma situação onde as relações monetárias e reais identificam-se através da teoria monetária da produção. Por fim, a transição entre as duas teorias monetárias inicia-se com o Tract e, principalmente, o Treatise e consolida-se com a General Theory.


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