The World Economy and the Great War

Bibliographic Data

ID11982027
AuthorsAdam Tooze (Yale University, corresponding author), Ted Fertik (Yale University)
Year2014
Volume40
Issue2
Pages214-238
Publication date2014-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueGeschichte und Gesellschaft (JOURNAL)
Journal identifiersISSN: 0340-613X • E-ISSN: 2196-9000
PublisherVandenhoeck & Ruprecht (PUBLISHER • DE)
DOI10.13109/gege.2014.40.2.214
OpenAlexW2322456008
LanguageEN
Citations received12
References cited25

Since the 1990s a group of scholars connected to the National Bureau of Economic Research convincingly presented the nineteenth century as the first great age of global growth and globalization. For them and for many others, World War I marked a decisive break, inaugurating 30 years of deglobalization.We question this common sense view through an appreciative critique in five steps.We offer a narrative sketch inwhich the war figures as amoment of convulsive and violent realignment endogenous to that history. First we revisit arguments for economic causation. Second we open up the black box of the war economy. Third we consider the significance of global, war-induced inflation. Fourth, we introduce projects ofworld economic ordering. Finally,we argue that thewar provoked a new reflexivity about the world economy

Causation · Economics · Economy · First world war · Globalization · Narrative · Political economy · Political science · Sketch · World War II · Australian History and Society · Historical Economic and Social Studies · History · Law · State Capitalism and Financial Governance