POL208Y1 Lecture Notes - Hermann Göring, Submarine Warfare, Economic Warfare
Document Summary
Studies the interaction b/w economics and politics. The role of economy in ir- it depends on whom u asks: we can think of the economy as a source of power or independent of the question of power and look at it in terms of welfare. Creating a dichotomy b/w guns and butter for example. We can either use our resources to buy guns for security or buy butter for increase of welfare. A common metaphor for the national production possibility frontier. Guns will make us powerful; butter will make us fat. hermann goering. Look at pp- which country produces more guns and more butter. The frontier is when a country is most efficient. Wars cost money- it"s when we see the relation b/w guns and butter. Ex- ww2 --daily life necessities we limited and in short supply. So the implications on the market were directly felt.
