The Rise and Fall of the Great Powers

December 1, 1987
Kennedy, a history professor at Yale, here assesses the interaction between economics and strategy over the past five centuries; the correlation between productive and revenue-sharing capacities on the one hand and military strength on the other. The book is a vigorous entry in the debate over the extent to which national wealth should be used for military purposes. It reveals, for instance, how the Hapsburg monarchs overextended themselves in repeated conflicts, becoming militarily top-heavy while their economic base dwindled, an imbalance that ultimately proved fatal. In a final section, Kennedy explores the implications of today's economic and technological trends in relation to the balance of military power, and the problems and opportunities in this regard facing China, Japan, the European Economic Community, the Soviet Union and the United States.