“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”
"The Economic Consequences of the Peace" (1919) is the book that made Keynes world-famous. Having resigned in protest from the British delegation at Versailles, he denounced the reparations forced on a defeated Germany as a "Carthaginian peace" that would wreck the European economy and sow the seeds of ruin. His pen portraits of Wilson, Clemenceau, and Lloyd George are merciless; his economic forecast proved tragically prescient.
Read in the restored voice of the man who walked out of the conference and wrote it in a white heat, the polemic regains its original heat and bite — the sound of an insider naming the disaster while the ink on the treaty was barely dry.
John Maynard Keynes (1883–1946) was the most consequential economist of the twentieth century, the architect of the macroeconomic thinking that reshaped how governments respond to slumps and unemployment. A Cambridge man, Treasury official, philosopher of probability and member of the Bloomsbury circle, he moved with equal ease through economics, art, and statecraft.
He first reached a mass audience not with theory but with prophecy — a furious, brilliantly written warning that the peace imposed on Germany in 1919 would breed the next catastrophe. When the BBC broadcast him in 1939, his actual voice was captured: crisp, donnish, unhurried, unmistakably that of an Edwardian Cambridge intellectual.
This recording restores Keynes's voice from his real archival recordings, including his surviving 1939 BBC broadcast on unemployment. It is a reconstruction grounded in authentic recordings of Keynes himself — not a modern narrator, and not a claim that he is speaking today.
Provenance: Restored from real recordings. We label every voice honestly — restored, narrated, or disputed.
Clipped, precise, and unmistakably Cambridge — a cultivated Edwardian English voice, measured and donnish, as captured in his surviving 1939 BBC radio address on unemployment.
It is reconstructed from Keynes's genuine archival recordings. We restore that real voice to read the book; we do not pretend he is alive and speaking now.
Yes. First published in 1919, the work is in the public domain in the United States.
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