How economics wins wars, with Duncan Weldon
The Economics Show
00:00
War and Economic Evolution
This chapter examines the interconnected history of warfare and economic development, revealing how war was once seen as a catalyst for economic growth. It traces the evolution of institutions, particularly the Bank of England, from their origins in financing military endeavors to their modern functions in maintaining financial stability. The narrative also contrasts historical and modern perspectives on war's impact on economies, highlighting the complex strategic trade-offs faced by nations during the 20th century's total wars.
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