Tell me your opinion.
It’s always worth reading stuff by major thinkers whose names are famous throughout the world. Read everything by Marx and Keynes. Then read Mises, Hayek and Rothbard as the antidote.
Why would you read it?
A guy named Etienne Mantoux destroyed Keynes’ thesis in his brilliantly named book The Economic Consequences of Mr. Keynes.
According to Wikipedia, The Economic Consequences of the Peace opposes monetary inflation and price controls, things that we Austros would also disagree with. So why does Keynes get such a bad rap, anyway???
Because ECP was overshadowed by the General Theory.
It is worth reading. It was suggested by Robert Higgs during Cato University 2009.
care to explain that statement?
It seems to me that Keynes had a very “flexible mind”, being able to have very different views with the passing of time. That’s must explain why politicians liked him.
LOL, two thumbs up!
“If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions.” ~Winston Churchill
What’s there to explain? ECP is not nearly as well-known, or as influential a volume as Keynes’ General Theory.
The advice contained therein was not followed anywhere near the extent to which the policies outlined in General Theory have been implemented. If it had been, Europe might well have avoided WWII.
I’m not suggesting that ECP is without merit, I haven’t read it (actually it’s on my “to read” list) but heard lecture about it several years ago. From what I understand it seems like a book worth reading especially if you’re interested in economic history.
I would totally agree with this here. You need to understand the other side before you start reading the works from this side.