Abstract
This paper considers the Marshall Plan from the standpoint of the theory of games and economic behavior. The paper defines the Marshall Plan in terms of its budget allocations and the strategy behind them. It then analyzed strategically four scenarios using crucial game theoretic constructs: winning coalition (failure to pass the U.S. Senate), strategic invitation (the 1947 invitation to the USSR), strategic surprise (North Korea’s attack in 1950), and fiscal commitment (EU enlargement). Current plans for EU enlargement to countries not participating in the Marshall Plan constitute a fractional Marshall Plan.
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References
Gardner, Roy, Games for Business and Economics (New York: Wiley, 1995).
Kaplan, Lawrence, A Community of Interests: NATO and the Military Assistance Program, 1948–1951 (Washington, DC: Office of the Secretary of Defense, Historical Office, U.S. Government Printing Office, 1980).
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Wightman, David, Economic Co-Operation in Europe: a Study of the United Nations Economic Commission for Europe (New York: Frederick A Praeger, Inc., 1956).
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© 2001 Martin Schain
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Gardner, R. (2001). The Marshall Plan Fifty Years Later: Three What-Ifs and a When. In: Schain, M. (eds) The Marshall Plan: Fifty Years After. Europe in Transition: The NYU European Studies Series. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-349-62748-6_6
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DOI: https://doi.org/10.1007/978-1-349-62748-6_6
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-62750-9
Online ISBN: 978-1-349-62748-6
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