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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Essays on Global Economic Collapse and Revival
Essays In Persuasion collects John Maynard Keynes' writings on economic issues, offering deep insights into economic theory, policy recommendations, and discussions on the socio-political implications of financial decisions during times of great economic change.
Picture yourself in the grand halls of Versailles in the year 1919. World leaders have gathered alongside you to forge a peace treaty that will officially mark the end of World War I. The opulence of the surroundings stands in stark contrast to the devastation outside. Europe lies in shambles, its fields scarred by trenches, its population decimated. The war has claimed over 20 million lives and left economies in tatters.
Amid this chaos, a young British economist named John Maynard Keynes takes his place at the negotiating table. At just 35, he’s already a rising star in his field. As you watch him, you might notice his furrowed brow, his piercing gaze taking in the proceedings with growing concern.
The war has reshaped more than just borders. It’s fundamentally altered how nations interact, how economies function, and how people view the role of government. The old certainties of the gold standard and free trade have been shaken to their core.
You’re witnessing the birth of a new era, one where governments take a more active role in managing their economies. The war effort required unprecedented state intervention, from rationing to directing industry. Now, as peace dawns, the question looms: what role should the state play in the economy?
Keynes is grappling with these questions in real time. His experiences at Versailles will lead him to write The Economic Consequences of the Peace, a scathing critique of the treaty that will catapult him to international fame.
But why should you care about essays written a century ago? Well, the issues Keynes wrestled with – economic inequality, the balance between state intervention and free markets, international cooperation – are just as relevant today. And his insights can help you make sense of our current economic challenges.
As we delve into Keynes’ world in the sections ahead, you’ll find that his insights aren’t just dry economics. They’re passionate arguments about how to build a better, more prosperous, more equal society. They’re a window into a pivotal moment in history, one that shaped the world we live in today.
Essays in Persuasion (1931) is a collection of pivotal economic writings that shaped modern economic thought and policy. It challenges the conventional wisdom of its time, offering innovative approaches to economic crises, international relations, and social welfare, while also presenting a hopeful vision for humanity’s economic future that continues to spark debate and inspiration nearly a century later.
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Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Get startedBlink 3 of 8 - The 5 AM Club
by Robin Sharma