Google full text of our books:


Appeasing Bankers:
Financial Caution on the Road to War
Jonathan Kirshner

Winner of the 2008 Best Book Award, International Security Studies Section of the International Studies Association

Paperback | 2007 | $38.95 | £32.95 | ISBN: 9780691134611
248 pp. | 6 x 9 1/4 | 1 line illus. 5 tables.
Add to Shopping Cart

Reviews | Table of Contents
Chapter 1[PDF] pdf-icon

Google full text of this book:

In Appeasing Bankers, Jonathan Kirshner shows that bankers dread war--an aversion rooted in pragmatism, not idealism. "Sound money, not war" is hardly a pacifist rallying cry. The financial world values economic stability above all else, and crises and war threaten that stability. States that pursue appeasement when assertiveness--or even conflict--is warranted, Kirshner demonstrates, are often appeasing their own bankers. And these realities are increasingly shaping state strategy in a world of global financial markets. Yet the role of these financial preferences in world politics has been widely misunderstood and underappreciated. Liberal scholars have tended to lump finance together with other commercial groups; theorists of imperialism (including, most famously, Lenin) have misunderstood the preferences of finance; and realist scholars have failed to appreciate how the national interest, and proposals to advance it, are debated and contested by actors within societies. Finance's interest in peace is both pronounced and predictable, regardless of time or place. Bankers, Kirshner shows, have even opposed assertive foreign policies when caution seems to go against their nation's interest (as in interwar France) or their own long-term political interest (as during the Falklands crisis, when British bankers failed to support their ally Margaret Thatcher). Examining these and other cases, including the Spanish-American War, interwar Japan, and the United States during the Cold War, Appeasing Bankers shows that, when faced with the prospect of war or international political crisis, national financial communities favor caution and demonstrate a marked aversion to war.


"The book is richly rewarding and full of insights into the behind the scenes power plays that lay behind the major, and far reaching, policy decisions reviewed through the five case studies."--Richard C. K. Burdekin,

"Scholars have long debated the role of bankers and businesspeople in matters of war and peace. Some claim that states frequently go to war in search of markets and profits, whereas others see economic interests as the great constituency for peace. In this richly historical and wonderfully written book, Kirshner provides the definitive account of the policy preferences of the financial community in countries on the brink of hostilities."--Foreign Affairs

"[T]his is a most stimulating book; attractively written, and demonstrating a thorough grasp of all the wide-ranging historical circumstances that it treats."--Forrest Capie, The International History Review

"Appeasing Bankers is a must read for students and scholars of international finance. Kirshner provides evidence of the historically consistent and global regularity of the financial destructiveness of war, and a compelling case for the pacific preferences of bankers that should prompt further study of additional cases."--Anastasia Xenias, Political Science Quarterly

"Kirshner's book is interesting as it avoids multifaceted liberal concepts but rather sticks to one key argument based on rich historical accounts. As such, this book should interest any student of globalization and any scholar questioning the role of bankers and financiers in war and peace."--Lars Seland Gomsrud, Journal of Peace Research

More reviews

Table of Contents:

Acknowledgments ix
CHAPTER 1: What Does Finance Want? 1
CHAPTER 2: Ourselves Alone: Financial Opposition to the Spanish-American War 31
CHAPTER 3: Meet the New Boss: The Rise of the Military and the Defeat of Finance in Interwar Japan 58
CHAPTER 4: Interwar France: Your Money or Your Life 89
CHAPTER 5: "National Security Rests on the Dollar": The Early Cold War and Korea 122
CHAPTER 6: Taking One for the Team? Finance and the Falklands War 154
CHAPTER 7: Speculations: Finance, Power Politics, and Globalization 203
Index 227

Another Princeton book authored or coauthored by Jonathan Kirshner:


Subject Areas:

  • For hardcover/paperback orders in United States, Canada, Latin America, Asia, and Australia

 Paperback : $38.95 ISBN: 9780691134611

Add to shopping cart
View contents of your shopping cart

  • For hardcover/paperback orders in Europe, Africa, the Middle East, India, and Pakistan

 Paperback  £32.95 ISBN: 9780691134611

Add to shopping cart
View contents of your shopping cart

Prices subject to change without notice

File created: 7/11/2017

Questions and comments to:
Princeton University Press

New Book E-mails
New In Print
PUP Blog
Princeton APPS
Sample Chapters
Princeton Legacy Library
Exam/Desk Copy
Recent Awards
Princeton Shorts
Freshman Reading
PUP Europe
About Us
Contact Us
PUP Home

Bookmark and Share 
Send me emails
about new books in:
Political Science And International Relations
More Choices