One Case Where <span class='italic'>The Economic Consequences of the Peace</span> Mattered

doi:10.1017/9781009407540.012

10 - One Case Where The Economic Consequences of the Peace Mattered

The Reshaping of Economic Mindset in Early Republican Turkey

Published online by Cambridge University Press: 14 December 2023

Edited by

Maurice Obstfeld and

Patricia Clavin: Affiliation:
University of Oxford
Giancarlo Corsetti: Affiliation:
University of Cambridge
Maurice Obstfeld: Affiliation:
Peterson Institute for International Economics, Washington DC
Adam Tooze: Affiliation:
Columbia University, New York

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Summary

Economic Consequences enjoyed an outright favourable reception in Turkey. This chapter illuminates the circumstances that made this possible. Of the Carthaginian peace-imposing treaties of the Paris Conference (1919), only the Treaty of Sèvres (1920) concerning the Ottoman Empire was annulled after a battleground victory (1922), and replaced by the Treaty of Lausanne (1923). An officer and a diplomat, Ali Fethi (Okyar), soon to become prime minister of Turkey, was a prisoner of war in Malta when he heard of Keynes’s book, acquired a copy, and translated it in 1920. Because the national leaders were anxious to know what awaited them in the peace talks, given the huge Ottoman debt they inherited, impending war reparations, and the discriminatory treatment they suspected, upon Ali Fethi’s release and return, the translation was published in 1922 by the official press in Ankara. It helped prepare the Turkish delegation to the Lausanne conference. This case provides us with an early example of Economic Consequences as a policy instrument in favour of a new international integration serviceable to peace and reconstruction in the face of an international conflict.

Keywords

Ali Fethi Okyar Carthaginian peace economic reconstruction history of economic thought Joseph A. Schumpeter Keynesian economics T. S. Eliot Treaty of Lausanne war reparations

Type: Chapter
Information: Keynes's Economic Consequences of the Peace after 100 Years
Polemics and Policy
, pp. 257 - 279

DOI: https://doi.org/10.1017/9781009407540.012 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2024

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10 - One Case Where The Economic Consequences of the Peace Mattered

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