Castles, Battles, and Bombs: How Economics Explains Military by Jurgen Brauer

By Jurgen Brauer

Castles, Battles, and Bombs reconsiders key episodes of army historical past from the perspective of economics—with dramatically insightful effects. for instance, while checked out as a question of sheer price, the construction of castles within the excessive center a while turns out virtually inevitable: notwithstanding stunningly dear, a powerful citadel used to be a long way more cost-effective to take care of than a status military. The authors additionally reexamine the strategic bombing of Germany in global conflict II and supply new insights into France’s choice to boost nuclear guns. Drawing on those examples and extra, Brauer and Van Tuyll recommend classes for today’s army, from counterterrorist technique and armed forces manpower making plans to using deepest army businesses in Afghanistan and Iraq.

 

"In bringing economics into checks of army heritage, [the authors] additionally carry illumination. . . . [The authors] flip their interdisciplinary lens at the mercenary preparations of Renaissance Italy; the wars of Marlborough, Frederick the good, and Napoleon; Grant's campaigns within the Civil conflict; and the strategic bombings of global struggle II. the implications are continuously stimulating."—Martin Walker, Wilson Quarterly

 

"This learn is severe, artistic, vital. As an economist i'm satisfied to work out economics so professionally utilized to light up significant judgements within the heritage of warfare."—Thomas C. Schelling, Winner of the 2005 Nobel Prize in Economics

Show description

Read or Download Castles, Battles, and Bombs: How Economics Explains Military History PDF

Similar economic history books

Forty Centuries of Wage and Price Controls: How Not to Fight Inflation

By way of certain association with the authors, the Mises Institute is extremely joyful to carry again this renowned consultant to ridiculous monetary coverage from the traditional international to fashionable occasions. This amazing heritage illustrates the utter futility of combating the industry procedure via laws. it usually makes use of despotic measures to yield socially catastrophic effects.

The Development and Testing of Heckscher-Ohlin Trade Models: A Review (Ohlin Lectures)

No names are extra heavily linked to smooth alternate thought than Eli Heckscher and Bertil Ohlin. the elemental Heckscher-Ohlin proposition, based on which a rustic exports components in ample provide and imports elements in scarce offer, is a key component to glossy exchange concept. during this ebook, Robert Baldwin strains the improvement of the HO version, describing the old twists and turns that experience ended in the elemental sleek theoretical version in use this present day.

Economic Growth and the Ending of the Transatlantic Slave Trade

This watershed examine is the 1st to think about in concrete phrases the results of Britain's abolition of the Atlantic slave exchange. Why did Britain pull out of the slave exchange simply whilst it was once changing into vital for the realm economic climate and the call for for exertions around the globe was once excessive? stuck among the incentives provided via the area economic climate for carrying on with exchange at complete tilt and the ideological and political pressures from its household abolitionist stream, Britain selected to withdraw, believing, partially, that freed slaves may paintings for low pay which in flip may bring about larger and less expensive items.

Krupp: A History of the Legendary German Firm

The historical past of Krupp is the background of recent Germany. No corporation symbolized the simplest and worst of that background greater than the recognized metal and hands maker. during this booklet, Harold James tells the tale of the Krupp kin and its business empire among the early 19th century and the current, and analyzes its transition from a family members enterprise to at least one owned through a nonprofit starting place.

Additional resources for Castles, Battles, and Bombs: How Economics Explains Military History

Sample text

Wool and mohair industry, which from 1954 to 1994 received a yearly subsidy, the sum total of which came to billions of taxpayer dollars. 32 Substitution in production is massive and pervasive. So is its flip side, substitution in consumption. S. mohair and, say, Australian mohair. If there are in fact no discernible quality differences (as is often the case in commodity markets such as for metals and agricultural products), so that the benefit to the user is identical, then the user would be expected to go for the cheaper option.

The bracelets and rings are said to have had a hidden characteristic about them, namely, whether they truly were made of pure gold. One might have thought that the buyer would not easily be able to ascertain the seller’s truth claim, but in this case the potential buyer found a “wily” way to elicit that information at zero cost. In other instances, it is the buyer who possesses information that is hidden, information that the seller needs to elicit. The standard example concerns the purchase of health insurance.

What changes is not one’s taste but the prices one faces and the available resources with which to satisfy one’s taste. As a consequence, observed behavior can change even when—despite appearances—the underlying preferences or tastes have not. The argument is cleverly constructed, but the underlying insight is simple. Suppose for instance that one likes “good” music. One’s appreciation of good music can be enhanced quantitatively by spending much time listening and qualitatively by studying music.

Download PDF sample

Rated 4.74 of 5 – based on 4 votes