This paper explains that "The Economic Consequences of the Peace" is an important text for understanding Keynesian philosophy
as viewed in an
international, as well as a national perspective and to understand Keynes from the point of view of his early development as a economist. The author points out that these proposals were unique and radical solutions to the
conventional assumption that the loser of a war must be economically ravaged in reparation for its ills. The paper relates that Keynes believed that the existence of the "Great War" debts was a menace to financial and political stability everywhere; therefore, the debt must be forgiven, contrary to conventional economic wisdom at this time.