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II). But "a totalitarian war economy, thoroughly organized,
cannot win the war if it is not backed by real economic
strength; on the other hand it is equally true that a democratic
economy, even with the mightiest resources, cannot prevent
losing the war if it remains on the welfare economy basis and
is not organized quickly and efficiently." 22 Total war is not to be lost merely because of lack of ma-
terials; a country with well-equipped military forces will
fight to replenish exhausted supplies. Victory cannot be
achieved, on the other hand, unless the countries with ad-
equate resources use them to build war machinery. The issue
is between industrial capacity and efficiency on the one hand,
and determination and effective military forces on the other.
The democratic powers must attach greater importance to
the positive measures of manufacture and armament than to
the negative efforts of economic warfare. ANTONÍN BASCH
BACKGROUND READINGS
ANTONÍN BASCH, The New Economic Warfare ( New York: Columbia
University Press, 1941).
PAUL EINZIG, Economic Warfare ( New York: Macmillan and Co., 1940).
D. T. JACK, Studies in Economic Warfare ( London: P. S. King & Sons,
1940).
HORST MENDERSHAUSEN, Economics of War ( New York: Prentice-Hall,
Inc., 1940), pp. 217-25.
THOMAS REVEILLE, The Spoil of Europe ( New York: W. W. Norton,
1941).

SOURCES OF CURRENT INFORMATION
The Economist, London.
Foreign Commerce Weekly, Department of Commerce, Washington.
The New York Herald Tribune.
The New York Times.
____________________
22 Basch, op. cit., p. 118.

-217-

Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: Introduction to War Economics. Contributors: Alfred C. Neal - editor, Antonín Basch - editor, Willard C. Beatty - editor, Chelcie C. Bosland - editor, Hugh B. Killough - editor, Kenyon E. Poole - editor, Merton P. Stoltz - editor, Philip Taft - editor. Publisher: Richard D. Irwin. Place of Publication: Chicago. Publication Year: 1942. Page Number: 217.
    
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