Economics and Modern Warfare The Invisible Fist of the Market

By referring to a handful of battles throughout history, a new form of military strategy is derived through the manipulation of supplies, capital, and markets. This book combines economic theory with applied analyses of military successes and failures, ex

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Economics and Modern Warfare

10.1057/9781137282255 - Economics and Modern Warfare, Michael Taillard

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E c onom ic s a n d Mode r n Wa r fa r e Th e I n v isi bl e Fist of the M arket

Mic ha el Tail l ard

10.1057/9781137282255 - Economics and Modern Warfare, Michael Taillard

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Economics and Modern Warfare Copyright © Michael Taillard, 2012. First published in 2012 by PALGRAVE MACMILLAN® in the United States—a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–03328–4 Library of Congress Cataloging-in-Publication Data Taillard, Michael, 1982– Economics and modern warfare : the invisible fist of the market / by Michael Taillard. p. cm. Includes index. ISBN 978–1–137–03328–4 (alk. paper) 1. Economic sanctions. 2. Embargo. 3. War—Economic aspects. 4. Economic policy. 5. Economics—Political aspects. I. Title. HF1413.5.T35 2012 327.1⬘17—dc23

2012012663

A catalogue record of the book is available from the British Library. Design by Newgen Imaging Systems (P) Ltd., Chennai, India. First edition: September 2012 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America.

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List of Figures and Tables

vii

Acknowledgments

ix

Preface

xi

Introduction

1

A Critique