The Economics of the Great War: A Centennial Perspective

Stephen Broadberry, Mark Harrison 06 November 2018



Table of Contents


Part I: Introduction and overview

Stephen Broadberry and Mark Harrison

1 Four myths about the Great War
Mark Harrison

Part II: Preparations for war

2 Too many smoking guns: How a conflict in the Balkans became a world war
Roger L. Ransom

3 Inequality, imperialism, and the outbreak of World War I
Branko Milanovic

4 The prewar arms race and the causes of the Great War
Jari Eloranta

5 Lessons from the financial preparations in the lead-up to World War I
Harold James

6 Endowments for war in 1914
Avner Offer

7 Short poppies: The heights of servicemen in World War I
Timothy J.  Hatton

Part III: Conduct of the war

8 World War I: Why the Allies won
Stephen Broadberry

9 Firms and the German war economy: Warmongers for the sake of profit?
Tobias A. Jopp

10 Demise and disintegration: The economic consequences of the Great War in Central Europe
Tamas Vonyo

11 Russia in the Great War: Mobilisation, grain, and revolution
Andrei Markevich

12 Neutral economies in World War I
Herman de Jong and Stefan Nikolić

Part IV: Consequences of the war

13 Walking wounded: The British economy in the aftermath of World War I
Nicholas Crafts

14 The halo of victory: What Americans learned from World War I
Hugh Rockoff

15 August 1914 and the end of unrestricted mass migration
Drew Keeling

16 Inequality: From the Great War to the Great Compression
Walter Scheidel

17 The demographic impact of the Great War: Killings, diseases, and displacements
Robert Millward

18 Europe's first refugee crisis: World War I
Peter Gatrell

19 International organisation and World War I
Patricia Clavin

20 The first great trade collapse: The effects of World War I on international trade in the short and long run
David Jacks

Professor of Economic History, Oxford University; Research Theme Leader, CAGE; Research Fellow, CEPR

Emeritus Professor, University of Warwick


CEPR Policy Research