The economic consequences of peace created an intense and immediate controversy for its brazen criticism of world leaders and the treaty of versailles that ended world war i keynes argued that as a blueprint for peace it was destined to create tension and conflict aheadand history proved him right when world war broke out again within a generation the popularity of this key work and its place in history helped cement keyness status as one of the 20th centurys principal economists. John keynes after the first world war in the book the economic consequences of peace given a powerful discussion about the core economic subjects of war global political issues and economic development john keynes was also one of those rare people who achieved both tremendous investing success and lasting fame when he died his estate was worth more than 17 million in todays dollars the path of value theory can be traced back to david ricardo and john keynes ricardo and keynes . beautifully illustrated with atmospheric paintings by renowned artists the economic consequences of the peace was critical in establishing a general opinion that the versailles treaty was a carthaginian peace it helped to consolidate american public opinion against the treaty and involvement in the league of nations just as accessible and informative for todays readers as it would have been when first published the work is one of the great pieces of english economic literature and . The economic consequences of the peace made keynes famous as an economist and was the source of the mainstream view after wwi that the treaty of versailles was a carthaginian peace unduly harsh towards germany keynes considered the peace terms practically impossible to achieve and will bring down the economy of not just germany but the whole of europe the book is not merely empty theorising and keynes used a huge amount of empirical data to back up his points the economic