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on 30 December 1998
This book is a very learned overview of the macro-economic factors affecting the WWII war economies of major combatants. A certain degree of acquaintance with economic monetary theory is advisable. The fact that it includes all the major players is valuable (any article on Italy's war efforts is always welcome!), but the emphasis some of the articles give to econometric treatment is, frankly, irrelevant to understanding most of the war effort, especially when one is talking of survival. The book also tries to analyse how wartime experience helped shape the post war economy, a field in which it it quite successful. It is worth noting, by the way, that generally speaking all the authors seem to agree that wartime investment in capital formation and technical training schemes paid off for the vanquished, whilst in the case of the USSR, the amount of war destruction and the political predominance of the "industrial-military complex" led, ultimately, to economic stagnation.
Advisable for anyone with a serious interest in wartime economics.
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