Member-only story

The Economic Consequences of the Peace and A Treatise on Probability: Essential Reading for Understanding the Modern World

Howard Powell

·14.4k Followers· Follow

Published in The Collected Works Of John Maynard Keynes Illustated: The Economic Consequences Of The Peace A Treatise On Probability The Economic Consequences Of The Peace And Others

5 min read · 3 weeks before

140 View Claps

20 Respond

Save

Listen

The Economic Consequences Of The Peace And A Treatise On Probability The Collected Works Of John Maynard Keynes Illustated: The Economic Consequences Of The Peace A Treatise On Probability The Economic Consequences Of The Peace And Others

In the aftermath of World War I, the world was in turmoil. The war had left a trail of destruction and economic devastation, and the future of Europe was uncertain. In this context, John Maynard Keynes wrote two seminal works that would profoundly influence economic thought and policy for generations to come: The Economic Consequences of the Peace and A Treatise on Probability.

The Collected Works of John Maynard Keynes. Illustated: The Economic Consequences of the Peace, A Treatise on Probability, The Economic Consequences of the Peace and others

by Akira Sueno

5 out of 5

Language	:	English
File size	:	1643 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	768 pages

The Economic Consequences of the Peace was a scathing indictment of the Treaty of Versailles, which Keynes believed was too harsh on Germany and would ultimately lead to another war. Keynes argued that the treaty would cripple the German economy and make it impossible for Germany to pay reparations. He also warned that the treaty would create a breeding ground for resentment and nationalism in Germany, which could eventually lead to the rise of another Hitler.

A Treatise on Probability was a groundbreaking work in the field of probability and statistics. Keynes developed a new approach to probability that was based on the idea of logical relations between propositions. This approach had a profound influence on the development of modern statistics and econometrics.

These two books are essential reading for anyone who wants to understand the economic and political challenges of the 20th century. Keynes's insights into the causes and consequences of war, and his pioneering work in probability and statistics, are still relevant today.

The Economic Consequences of the Peace

The Treaty of Versailles was signed on June 28, 1919, and it officially ended World War I. The treaty was harsh on Germany, requiring it to pay reparations, cede territory, and disarm. Keynes believed that the treaty was too harsh and that it would ultimately lead to another war.

In The Economic Consequences of the Peace, Keynes argued that the treaty would cripple the German economy and make it impossible for Germany to pay reparations. He also warned that the treaty would create a breeding ground for resentment and nationalism in Germany, which could eventually lead to the rise of another Hitler.

Keynes's predictions proved to be accurate. The Treaty of Versailles did cripple the German economy, and it did lead to resentment and nationalism in Germany. Hitler came to power in 1933, and he quickly began to rearm Germany. In 1939, Germany invaded Poland, which started World War II.

The Economic Consequences of the Peace is a powerful indictment of the Treaty of Versailles. Keynes's insights into the causes and consequences of war are still relevant today.

A Treatise on Probability

A Treatise on Probability was published in 1921. It is a groundbreaking work in the field of probability and statistics. Keynes developed a new approach to probability that was based on the idea of logical relations between propositions. This approach had a profound influence on the development of modern statistics and econometrics.

Keynes's approach to probability is based on the idea that propositions can be either true or false. The probability of a proposition is the degree of belief that we have in its truth. Keynes developed a set of axioms that govern the relationships between probabilities. These axioms allow us to calculate the probability of complex events from the probabilities of simpler events.

Keynes's approach to probability has been widely adopted by statisticians and econometricians. It is used in a wide variety of applications, including hypothesis testing, regression analysis, and forecasting.

A Treatise on Probability is a landmark work in the field of probability and statistics. Keynes's pioneering work has had a profound influence on the development of modern statistical methods.

The Economic Consequences of the Peace and A Treatise on Probability are two essential works for anyone who wants to understand the economic and political challenges of the 20th century. Keynes's insights into the causes and consequences of war, and his pioneering work in probability and statistics, are still relevant today.

The Collected Works of John Maynard Keynes. Illustated: The Economic Consequences of the Peace, A Treatise on Probability, The Economic Consequences of the Peace and others

by Akira Sueno

5 out of 5