The economic consequences of the peace.

8vo: [6]-298 pp.

Half leather (sides & corners lightly rubbed), marbled paper over covers, gilt decor. spine with 5 raised bands (discoloured, lightly rubbed at head & tail), top edge gilt, marbled endpapers. Very good copy.

First American edition of this highly influential bestseller by the English economist John Maynard Keynes (1883-1946), published shortly after the original British edition (London, late 1919). The book was written after Keynes attended the Versailles Conference as a delegate of the British Treasury. Keynes predicts that the treaty is too harsh on Germany - a "Carthaginian peace" - and says the reparations figure is excessive and counter-productive, which will lead to the financial collapse of the country. The book established Keynes' reputation as a leading economist. Mounted on flyleaves, 2 articles from a Belgian newspaper on the book, 3/03 and 4/05/1920.
Ref. BL.