Duncan Weldon

Blood and Treasure is the story of the economics of conflict from the Viking Age to the war in Ukraine. 'Absolutely fascinating and totally absorbing' JAMES HOLLAND 'A brilliant book' MARTIN WOLF, FINANCIAL TIMES CHIEF ECONOMICS EDITOR 'Chock full of marvellous nuggets, this fascinating book is both important and surprisingly cheering' ED CONWAY 'A delightfully quirky approach to military history'...

Blood and Treasure is the story of the economics of conflict from the Viking Age to the war in Ukraine. Wars are expensive, both in human terms and monetary ones. Since at least the 1640s, in the aftermath of the British Civil Wars, the phrase 'blood and treasure' has sought to encapsulate these costs. Two economic notions, in particular, feature...