The Economic Consequences of the Peace

Focusing on the economic implications of post-World War I treaties, John Maynard Keynes advocates for a more lenient peace settlement. He emphasizes that a harsh peace would harm the economic stability of Europe, including the Allied Powers, rather than promote justice or fairness. Keynes warns that the punitive measures of the Treaty of Versailles would lead to detrimental economic consequences for the continent, highlighting the need for a more generous approach to ensure long-term prosperity.