"Angell argued that in a modern economy no economic benefit could be generated even by successful wars of conquest... Angell’s argument showed, beyond reasonable doubt, that war and territorial expansion are not, in general sensible policies. His views have often been derided on the basis that they were falsified by the outbreak of the Great War in 1914, which was pursued to the bitter end even though it destroyed the global market economy that had formed the backdrop to his analysis. But in reality the outcome proved him right. Of course, Germany, the power most influenced by the arguments of Clausewitz and his successors, reaped nothing but grief from the war. But the attempts of the victorious allies to exact reparations, extend their colonial influence and so on were also entirely futile, exactly as Angell had predicted."
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Academics from EnglandAgnosticsEconomists from EnglandLabour Party (UK) politiciansNobel Peace Prize laureates
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John Quiggin (28 July 2004)
https://en.wikiquote.org/wiki/Norman_Angell
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Norman Angell
Sir Norman Angell, born Ralph Norman Angell Lane, (26 December 1872 – 7 October 1967) was a British economist, lecturer, writer, Member of Parliament for the Labour Party, and winner of the Nobel Peace Prize in 1933.
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