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Economics and Modern Warfare

The Invisible Fist of the Market

Economics and Modern Warfare by Michael Taillard
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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.

Palgrave Macmillan; September 2012
225 pages; ISBN 9781137282255
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Title: Economics and Modern Warfare
Author: Michael Taillard