Articles

This paper proposes an alternate theory of technological hegemony that explains the U.S. policy of massive R&D investment in both the late Cold War and the current era of American preponderance. Modern weapons' complexity and economies of scale tend to produce monopolies, and the value chain for the production of these monopolistic goods is dominated by the systems integration techniques of prime contracting firms. In turn these prime contractors remain largely enthralled by U.S. market power. The United States gains international influence by controlling the distribution of these weapons. Put simply, technology with international political effects is likely to have international political origins.

Ethan Kapstein reviews The Dark Side of the Force: Economic Foundations of Conflict Theory, by Jack Hirshleifer.

The sanctions debate is, once again, in full bloom. Thanks to Iran’s budding nuclear program and the intransigence of Tehran thus far, policymakers and pundits are again pondering the utility of sanctions. Amid a flurry of sanctions activity at the U.S. Department of Treasury, in Congress, at the UN, and overseas, the question persists: ‘‘Do sanctions work?’’