Economic Aspects of Sovereignty

Economic Aspects of Sovereignty

Economic Aspects of Sovereignty

Economic Aspects of Sovereignty


"There are two things necessary to Salvation," says Andrew Undershaft in Mr. Shaw Major Barbara, "money and gunpowder." It would be interesting to know the history of the great armament manufacturer in the twenty-five years that have since elapsed. Reconstruction would probably be the fate of the concern; it would certainly be the fate of the proprietor's religion.

The play dated from the period of the Russo-Japanese War, a typical war of exploitation. The peace-generation which followed 1871 was drawing to a close, and mankind was becoming perceptibly more and more bellivolent.

The world has been once again through the culminating terror, and once again we find ourselves in the midst of a peace-generation. But this time the reaction against war has assumed a new significance, The generation which has known war does not merely shrink from a repetition of the ordeal, as a child once burned avoids the fire; but active champions of peace are energetically building permanent barriers to keep out the encroachments of war for ever.

Prominent among the causes of war are the motives of economic expansion or exploitation by the extension of sovereignty, It is these motives which form the principal theme of this book.

The book is composed of a course of lectures delivered at the Lowell Institute in Boston in February and March, 1929. I ought to add (as I did then) that the views expressed are mine personally, and must not be connected with my official position in a Government department.


December, 1929.

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