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Economic Warfare between the Superpowers

In: Peace, Defence and Economic Analysis

Author

Listed:
  • Murray Wolfson

    (Oregon State University)

  • John P. Farrell

    (Oregon State University)

Abstract

Open-ended arms races subject to the constraints of production possibility frontiers become an instrument of economic warfare in which one country can force reduced consumption and investment on its opponent by requiring them to keep in step. In the presence of differing factor endowments both nations may wage economic war against each other.War must be understood as the projection of national power through means that are economic and political as well as military. The danger to peace is thaower losing the economic war might undertake a preventive military war while it still has a chance.

Suggested Citation

  • Murray Wolfson & John P. Farrell, 1987. "Economic Warfare between the Superpowers," International Economic Association Series, in: Christian Schmidt & Frank Blackaby (ed.), Peace, Defence and Economic Analysis, chapter 8, pages 155-181, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-18898-7_8
    DOI: 10.1007/978-1-349-18898-7_8
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    Cited by:

    1. Fanny Coulomb & Jacques Fontanel, 2003. "Disarmament: A century of economic thought," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(3), pages 193-208.
    2. Murray Wolfson & Homa Shabahang, 1991. "Economic Causation in the Breakdown of Military Equilibrium," Journal of Conflict Resolution, Peace Science Society (International), vol. 35(1), pages 43-67, March.

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