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Mar 10, 2020 · As such, money can be the determining factor in a country’s ability to mobilize economic and military power. But once war is underway, the unpredictability of the war’s duration and outcome means that monetary policies are subordinate to political and military goals.
- Kenneth Mouré
- moure@ualberta.ca
How does the economy affect the nature of war? The role of the economic factor in warfare is really a product of the industrial revolution of the last 250 years. Before the industrial revolution the most important factor in military power was simply the number of men and horses you could raise and pay, and it was a much bigger problem
Economic factors play a key role in studies that explore the risk of civil war and terrorism; studies on the economic origins of state repression are, by contrast, relatively rare. First, the empirical literature in this area is examined by presenting the contributions to the civil war literature.
the determining factor was the quantity of money in circulation. They argue that inflation would have been limited if a greater part of the war had been funded with taxes rather than money issuances. Alternatively, Calomiris (1988b) demonstrates that the Union’s price level
Nov 1, 2018 · A sounder approach accounts for these costs by measuring power in net rather than gross terms. This approach predicts war and dispute outcomes involving great powers over the past 200 years more accurately than those that use gross indicators of power.
- Michael Beckley
- 2018
factors that lead to war. Let us offer a brief preview of the way in which we categorize causes of war. There are two prerequisites for a war between (rational) actors. One is that the costs of war cannot be overwhelmingly high. By that we mean that there must be some plausible
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May 5, 2020 · Economics of the Second World War: Seventy-Five Years on, aims to provide new insight into the significant and sometimes overlooked role that economists played in shaping the conduct of the war and its ultimate outcome.