John Maynard Keynes foresaw all too clearly that excessive Allied demands for reparations and indemnities would lead to the economic collapse of Germany. In Keynes's essays on inflation and def In the light of subsequent history, Essays in Persuasion is a remarkably prophetic volume covering a wide range of issues in political economy.
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John Maynard Keynes,. (1930),” in Essays in Persuasion (New York: Harcourt Brace, 1932), 358-373 Economic Possibilities for our Grandchildren (1930) We are suffering just now from a bad attack of economic pessimism. It is common to hear people say that the epoch of enormous economic progress which characterised the nineteenth century is over; that the rapid improvement in the standard of.
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