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Economic warfare in twentieth century history and strategy

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Harrison, Mark (2020) Economic warfare in twentieth century history and strategy. Working Paper. Coventry: University of Warwick. Department of Economics. Warwick economics research papers series (WERPS) (1263). (Unpublished)

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Official URL: https://warwick.ac.uk/fac/soc/economics/research/w...

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Abstract

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 the need for a conclusive military struggle. Why were they disappointed, and what was the true relationship between economic warfare and combat between military forces? The answer to this question depends on the effects of economic warfare, which can be understood only after considering the adversary’s adaptation. When the full range of adaptations is considered, it becomes clear that economic warfare and combat were usually strategic complements; they acted together and did not substitute for each other. The paper examines this question both in breadth and more narrowly, focusing on the Allied air campaign against Germany in World War II. There are implications for history and policy.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: D History General and Old World > D History (General)
H Social Sciences > HF Commerce
U Military Science > U Military Science (General)
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Blockade, Economic sanctions, Strategy, Substitution (Economics), World War, 1914-1918, World War, 1939-1945
Series Name: Warwick economics research papers series (WERPS)
Publisher: University of Warwick. Department of Economics
Place of Publication: Coventry
ISSN: 0083-7350
Official Date: April 2020
Dates:
DateEvent
April 2020Available
Number: 1263
Institution: University of Warwick
Status: Not Peer Reviewed
Publication Status: Unpublished
Access rights to Published version: Open Access (Creative Commons)
Description:

This paper also appears as CAGE Discussion Paper No: 468

Date of first compliant deposit: 12 March 2018
Date of first compliant Open Access: 12 March 2018

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