Economic Warfare between the Superpowers

Murray Wolfson and John P. Farrell
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Murray Wolfson: Oregon State University
John P. Farrell: Oregon State University

Chapter 8 in Peace, Defence and Economic Analysis, 1987, pp 155-181 from Palgrave Macmillan

Abstract: Abstract Open-ended arms races subject to the constraints of production possibility frontiers become an instrument of economic warfare in which one country can force reduced consumption and investment on its opponent by requiring them to keep in step. In the presence of differing factor endowments both nations may wage economic war against each other.War must be understood as the projection of national power through means that are economic and political as well as military. The danger to peace is thaower losing the economic war might undertake a preventive military war while it still has a chance.

Keywords: Factor Endowment; Military Expenditure; Military Power; Military Spending; Production Possibility Frontier (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-18898-7_8

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