A Revision of the Treaty: Being a Sequel to The Economic Consequence of the Peace

"A Revision of the Treaty" by John Maynard Keynes is a historical account written in the early 20th century, specifically in the post-World War I era. This work serves as a sequel to his earlier publication, "The Economic Consequences of the Peace," and primarily discusses the ramifications and proposed revisions of the Treaty of Versailles, especially in relation to reparations and international politics. The book likely aims to offer a critical analysis of the Treaty and its implications for Europe, contributing to the discourse on how post-war treaties can be structured for sustainable peace. The opening of the book introduces Keynes’s intent to reassess the Treaty of Versailles based on new developments and opinions that have emerged since its ratification. He reflects on the folly of political rhetoric in peace negotiations and critiques the decisions made by key statesmen, such as Lloyd George. He emphasizes the need for an intelligent review of the reparations problem, arguing that many of the Treaty’s expectations are impossible to fulfill and discussing the evolving public sentiment toward more reasonable and manageable arrangements. Keynes sets the stage for a detailed examination of the contemporary state of opinion regarding reparations, highlighting the persistent disconnect between public and political perceptions.