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This paper explores the means by which warfare influences domestic commodity markets. It is argued that England during the French Wars provides an ideal testing ground. Four categories of explanatory variables are taken as likely sources of documented changes in English commodity price...
Persistent link: https://www.econbiz.de/10013139748
Warfare is enormously destructive, and yet countries regularly initiate armed conflict against one another. Even more surprisingly, wars are often quite popular with citizens who stand to gain little materially and may lose much more. This paper presents a model of warfare as the result of...
Persistent link: https://www.econbiz.de/10012778156
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO … the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return …
Persistent link: https://www.econbiz.de/10013224204
fight and endure war, the government elites began to provide public goods, reduced rent extraction and adopted policies to …
Persistent link: https://www.econbiz.de/10012955943
shortly after the war seem to have dissipated by 2000. While these are important outcomes to economists, by focusing on them …
Persistent link: https://www.econbiz.de/10013131668
enmeshed in the world economy, or net oil importers, are most likely to experience adverse effects from war …We analyze financial market data in order to produce an ex-ante assessment of the economic consequences of war with …'s price provides a plausible estimate of the probability of war. The spot oil price has moved closely with the Saddam Security …
Persistent link: https://www.econbiz.de/10012762835
powers, the government was able to fund the war by borrowing and levying taxes. In major wars, however, there came a point …
Persistent link: https://www.econbiz.de/10013021872
We consider three questions related to the choice between war in Iraq and a continuation of the pre-war containment … war more or less costly for the United States than containment? Second, compared to war and forcible regime change, would … a continuation of the containment policy have saved Iraqi lives? Third, is war likely to bring about an improvement or …
Persistent link: https://www.econbiz.de/10013219222
Much has been written about the national-security aspects of a potential conflict with Iraq, but there are no studies of the cost. A review of several past wars indicates that nations historically have consistently underestimated the cost of military conflicts. This study reviews the potential...
Persistent link: https://www.econbiz.de/10013249345
The French Opposition to the war in Iraq in early 2003, prompted calls for a boycott of French wine in the US. We …
Persistent link: https://www.econbiz.de/10013211695