“ an industrial population unable to keep its strength for lack of food, unable to earn a livelihood for lack of materials, and so unable to make good by imports from abroad the failure of productivity at home. ”
John Maynard Keynes, The Economic Consequences of the Peace (1919). copy citation
| Author | John Maynard Keynes |
|---|---|
| Source | The Economic Consequences of the Peace |
| Topic | strength failure |
| Date | 1919 |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/files/15776/15776-h/15776-h.htm |
Context
“A country population able to support life on the fruits of its own agricultural production but without the accustomed surplus for the towns, and also (as a result of the lack of imported materials and so of variety and amount in the saleable manufactures of the towns) without the usual incentives to market food in return for other wares; an industrial population unable to keep its strength for lack of food, unable to earn a livelihood for lack of materials, and so unable to make good by imports from abroad the failure of productivity at home. Yet, according to Mr. Hoover, "a rough estimate would indicate that the population of Europe is at least 100,000,000 greater than can be supported without imports, and must live by the production and distribution of exports."”
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