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How States Pay for Wars$
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Rosella Capella Zielinski

Print publication date: 2016

Print ISBN-13: 9781501702495

Published to Cornell Scholarship Online: January 2017

DOI: 10.7591/cornell/9781501702495.001.0001

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Making Money, Making War

Making Money, Making War

Chapter:
(p.1) Introduction Making Money, Making War
Source:
How States Pay for Wars
Author(s):

Rosella Cappella Zielinski

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501702495.003.0001

This introductory chapter discusses the topic of war finance and the significance of its study, arguing that military power stems from an economic base. Without wealth, soldiers cannot be paid, weapons cannot be procured, and food cannot be bought. States, however, do not act in a vacuum. They are constrained by domestic and international politics. Understanding how states finance war is essential to understanding the extent to which state capacity and leaders' preferences affect a state's ability to meet its foreign policy goals via military and economic power as well as its pursuit of domestic macroeconomic stability. In doing so the chapter lays out the groundwork for a discussion into the variations of war finance policies.

Keywords:   war finance, war finance policies, military power, domestic policy, international policy, foreign policy goals, economic power, domestic economies

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