"Why have the wars in Afghanistan and Iraq lasted longer than any others in American history? One view is that the move to an all-volunteer force and drones hav

What is War Finance There is a subfield of defense economics known as war finance. It is the economic base of a military that determines its might, and without

Armies fight battles, states fight wars. To focus solely on armies is to neglect the broader story of victory and defeat. Military power stems from an economic

In his book War Finance and Logistics in Late Imperial China, Ulrich Theobald shows how the Qing dynasty (1644 – 1911) overcame the tyranny of logistics and s

How does one package and sell confidence in the stability of a nation riven by civil strife? This was the question that loomed before the Philadelphia financial