Economics and Modern Warfare: The Invisible Fist of the Market

Improving on our body of tactical knowledge, Economics of Modern Warfare is an analysis of the potential for Adam Smith's proverbial Invisible Hand of the Market to effectively submit enemy combatants while severely reducing the amount of risk and tragedy associated with war. By referring to a handful of battles throughout history, many previously dismissed as tactical anomalies, a new form of military strategy is derived through the manipulation of supplies, capital, and markets. This proof-of-concept book combines economic theory with applied analyses of military successes and failures, explaining them simply for audiences of all levels of interest in military studies, economics, or history.