Jonathan Kirshner

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John Maynard Keynes, with his wife, Lydia Lopokova, in the 1920s, as some of the baleful results he warned of in “The Economic Consequences of the Peace” were playing out.Credit...Bettmann/Getty Images

On Dec. 8, 1919, Macmillan Press published a book by a relatively obscure British Treasury official who had resigned from the government in protest over the Versailles treaty that brought the epochal trauma of the First World War to its conclusion.

The small treatise, the official wrote, sought to explain “the grounds of his objection to the treaty, or rather to the whole policy of the conference towards the economic problems of Europe.” A conservative print of 5,000 copies seemed right for a technocrat’s dissent, which featured meticulously detailed passages that pored over the history and prospects of things like Germany’s coal production and export markets.…  Seguir leyendo »