Economic Statecraft - Softcover

"This is a study of economics as an instrument of politics, and quite a rigorous one ... Baldwin tears apart the reasoning of most other scholars and torpedoes not only the conventional wisdom about various cases but just about all generalizations... This is a stimulating book."--Foreign Affairs

A nuclear world desperately in need of alternatives to military force demands better understanding of all techniques of statecraft. In this book David A. Baldwin draws on social power analyses to develop an analytic framework for evaluating such techniques, and uses it to challenge the conventional view that economic tools of foreign policy do not work. Integrating insights from economics, political science, psychology, philosophy, history, law, and sociology, this comprehensive work discusses not only the utility of economic statecraft but also its morality, legality, and role in the history of international thought. It will help statesmen, scholars, and citizens to evaluate crucial foreign policy choices.