1,721,136 research outputs found

    "Introduction" to "Economists and War"

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    War and economic power have been interwoven in the thought of scholars since the beginnings of economic science, and views on the role of war in the economy have shifted dramatically as the world order has changed. The centenary of World War I has offered the opportunity for increased reflection on this topic, particularly as the war itself stimulated new directions for both research and the development of theory. Economists and War brings together expert contributors who are united in their commitment to exploring this classic subject from innovative and heterodox points of view. The chapters presented in the book delve into a wide range of perspectives from Japan in the Second World War and Italy in the First; the debate on State intervention among German-speaking authors to the debate on the economic bases of perpetual peace; and from Keynes, who wrote on the ‘irrationality of war’, to Sismondi, who saw war as an opportunity for economic development, and not only for nation-states. This volume is essential reading for scholars of the history of economic thought, international political economy and intellectual history. It is also of great interest to those studying military and naval history

    Economists and War. A heterodox perspective

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    War and economic power have been interwoven in the thought of scholars since the beginnings of economic science, and views on the role of war in the economy have shifted dramatically as the world order has changed. The centenary of World War I has offered the opportunity for increased reflection on this topic, particularly as the war itself stimulated new directions for both research and the development of theory. Economists and War brings together expert contributors who are united in their commitment to exploring this classic subject from innovative and heterodox points of view. The chapters presented in the book delve into a wide range of perspectives from Japan in the Second World War and Italy in the First; the debate on State intervention among German-speaking authors to the debate on the economic bases of perpetual peace; and from Keynes, who wrote on the ‘irrationality of war’, to Sismondi, who saw war as an opportunity for economic development, and not only for nation-states. This volume is essential reading for scholars of the history of economic thought, international political economy and intellectual history. It is also of great interest to those studying military and naval history

    How to Pay for the War: Military Spending and War Funding in Italian Economic Thought (1890–1918)

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    This essay examines Italian Economic thought regarding military spending and war finance between the end of colonial expansion and the end of the World War I. In the last decades of the nineteenth century, most Italian economists held anti-militarist opinions. In particular, the Giornale degli Economisti proposed a reorganization of the national army in the direction of reducing costs and inefficiencies, acquiring a central role for liberal and democratic political components unfavourable to rearmament and colonial expansion. The defeat at Adua (1896) marked the peak of militant anti-militarism among Italian economists. This antimilitarist front was broken only at beginning of the twentieth century, when the colonial problem came to the fore in the context of economic expansion, under Giolitti’s governments. In this new political context (concluded with the Italian conquest of Libya, in 1911), military spending was utilized to support the growth of national industry, and public opinion, motivated by nationalist groups, began to show consensus on colonial expansion. Italian economists focused attention on the colonial economy and the financial means required for the war effort. The experience of the Libyan colonial war was at the basis of Federico Flora’s essay on war finance, the first systematic treatise on this topic published in Italy (Flora, 1912). Flora proposed a pragmatic view of the problem of war finance, in contrast with ‘Smithian dogmatism’, predominant among Italian economists. The experience of World War I confirmed Flora’s opinion that modern conflicts could be subsidized only with great expansion of the public debt, in the form of loan and paper-money circulation. However, most economists proposed again, during and after the war, Smithian dogmatism as the best financial policy (Einaudi, 1914; Pantaleoni, 1916)

    Un sistema imperfetto: il Gold Standard e i suoi critici (1870-1914)

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    This paper examines the debate on the gold standard from 1870 to 1914. In this period the gold standard becomes the world’s monetary regime, but this political success is disputed by a considerable part of the coeval economic theory. The different critical positions showed the imperfections of the gold standard and the critical economists proposed several solutions. The most radical solutions wished a return to the bimetallic regime or the adoption of experimental system, like the symmetallism proposed by Marshall. Other critical positions were direct towards attempts of reforms, which leaded to the definition of the principles of the gold exchange standard, destined later on to regulate, without success, the international monetary regime after the World War One, and then to be reproposed at the Bretton Woods Conference and to become the basis of a long period of monetary stability

    La moneta del mondo

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    I progetti di riforma del sistema monetario internazionale dal crollo del gold standard alla crisi dell'euro. Il volume colma una lacuna nella letteratura, delineando una sintesi dei diversi progetti di riforma del sistema monetario internazionale
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