Duncan Weldon

In this discussion, Duncan Weldon, an economics writer and author of 'Blood and Treasure', dives into the vital link between economics and warfare. He explains how resource allocation has historically determined military outcomes, from the Vikings to contemporary Ukraine. Weldon also explores how war catalyzes economic evolution, tracing institutions like the Bank of England. He critiques modern defense spending trends, emphasizing the economic supremacy of Europe against Russia. This talk reveals how economic strategies shape the future of conflict.

Duncan Weldon, an economist and journalist, explores the intricate relationship between economics and warfare in his book, Blood and Treasure. He discusses how Viking raids unexpectedly boosted European trade by transforming raiders into protectors. Weldon also delves into Spain's economic downfall post-conquest, showcasing the unsustainable reliance on New World riches. Lastly, he critiques U.S. strategies in the Vietnam War, revealing the economic miscalculations that underpinned extensive bombing campaigns and the underestimated resilience of North Vietnam.

Duncan Weldon, an economic historian and author of 'Blood and Treasure,' dives into the remarkable legacy of Genghis Khan. He unpacks how the Mongol leader united tribes and built the largest contiguous empire, altering global trade through the Silk Road. Their discussion highlights Genghis Khan's innovative military strategies, including psychological warfare and meritocracy in leadership. Weldon emphasizes the empire's dual nature of terror and beneficial systems, and how these developments laid the groundwork for early globalization and the eventual industrial revolution.

Diana Choyleva, economist and founder of Enodo Economics, flags China’s exposure and geopolitical balancing. Duncan Weldon, author and energy economist, explains Strait of Hormuz disruptions and global fuel shortages. Joseph Stiglitz, Nobel-winning economist and Columbia professor, outlines macro risks like inflation, slower growth and structural shifts. They discuss oil shocks, supply rerouting, winners and losers, and potential long-term economic realignments.

Economist and historian Duncan Weldon delves into the fascinating links between economy and warfare. He discusses how Viking pillaging ultimately boosted medieval economies and how Spain’s influx of silver made it poorer. Weldon provides insights on Genghis Khan as a globalization pioneer and critiques the Luftwaffe's glamorization of fighter pilots. Through his book, Blood and Treasure, he articulates how war shapes economies, typically with unexpected outcomes, and reveals the complex financial histories behind conflicts from the past to the present.