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Liberalism and the War Economy

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Abstract

Participants analyze how liberal economies—and liberal societies—can best prepare for the prospect of waging a future war. Participants discuss raw materials, efficient production, and technological obsolescence. The possible weaknesses and strengths of a liberal economic system are contrasted with those of a centrally planned economic system in the context of both the preparation for war and wartime production.

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Notes

  1. 1.

    In the sense of entrepreneurs who are knowledgeable of the economy, well-versed in technological progress , and so on—Ed.

  2. 2.

    This likely refers to the useful service life of airplanes in the 1920s and 1930s, which could be short by contemporary standards.

  3. 3.

    Rue ff refers here to bilateral clearing agreements, so-called clearings, that limited “fr ee” trade in the 1930s.

  4. 4.

    An economy oriented toward military ends.

References

  • Possony, Stefan. 1938. To-morrow’s War: Its Planning, Management and Cost. London: Hodge & Co.

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Reinhoudt, J., Audier, S. (2018). Liberalism and the War Economy. In: The Walter Lippmann Colloquium. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-65885-8_5

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