The United Kingdom employed the McKenna rule to conduct fiscal policy during World War I (WWI) and the interwar period. Named for Reginald McKenna, Chancellor of the Exchequer (1915–16), the McKenna rule committed the United Kingdom to a path of debt retirement, which we show was...

The paper assesses the general trend towards privatisation, in the developed as well as the developing world, where even “high politics” is increasingly performed by, or outsourced to, non-state actors. This is both the case for foreign and security politics, including war, where the use by...