First published in 1934, this book explores prominent economic questions on the subject of rearmament and disarmament. Both rearmament and disarmament have a number of economic advantages and disadvantages and in each chapter Paul Einzig considers these in order to decide on which side the advantages outweigh the disadvantages. Part I of the book examines the economics of armament in the light of real experience of recent history whilst Part II looks to the probable economic effort of future rearmament.
Part I: The Past; 1. Introductory 2. Armament Race before the War 3. Economics of War Expenditure 4. Disarmament after the War 5. Rearmament after the War Part II: The Future 6. Rearmament finance 7. Armament and Trade 8. Armament and currency 9. Rearmament and Recovery 10. Armament and Economic Planning 11. Financial Limitation of armaments 12. Conclusion; Appendix I: Limitation of Armament Expenditure; Appendix II: Items of armament Expenditure; Appendix III: The World’s Armament Expenditure