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The Economic Consequences of the Peace: worth reading?

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ama gi posted on Fri, Sep 11 2009 12:32 AM

Tell me your opinion.

"As long as there are sovereign nations possessing great power, war is inevitable."

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Answered (Verified) Vitor replied on Fri, Sep 11 2009 4:50 PM
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 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.

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Sukrit replied on Fri, Sep 11 2009 3:44 AM

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.

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Why would you read it?

A guy named Etienne Mantoux destroyed Keynes' thesis in his brilliantly named book The Economic Consequences of Mr. Keynes.

Austrians do it a priori

Irish Liberty Forum 

 

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ama gi replied on Fri, Sep 11 2009 3:18 PM

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????

"As long as there are sovereign nations possessing great power, war is inevitable."

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ama gi:

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.

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ama gi:

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????

It is worth reading.  It was suggested by Robert Higgs during Cato University 2009.

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ama gi replied on Fri, Sep 11 2009 4:41 PM

David Z:

ama gi:

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.

care to explain that statement?

 

"As long as there are sovereign nations possessing great power, war is inevitable."

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Answered (Verified) Vitor replied on Fri, Sep 11 2009 4:50 PM
Verified by ama gi

 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.

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ama gi replied on Fri, Sep 11 2009 9:30 PM

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

"As long as there are sovereign nations possessing great power, war is inevitable."

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ama gi:

David Z:

ama gi:

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.

care to explain that statement?

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.

 

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Sukrit Sabhlok:

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.

I would totally agree with this here.  You need to understand the other side before you start reading the works from this side.

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