Unique in its depth this book assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate understanding of one of the most important issues in international economics

In two world wars, both sides committed substantial resources to economic warfare. Before the event, influential thinkers believed that the threat of blockade (and later of bombing) would deter aggression. When war broke out, they hoped that economic action might bring the war to a close without...