The New Meaning of a War Economy and the Effects of Improved Planning

By now many people have heard the statement that the best plan that able generals have developed will change after meeting the enemy. There is a similarity of response in social sciences or in business, as new events raise questions and promote research thus adding to the understanding and complexity of an issue. To that end, this paper explores the concept of the war economy in the context of world events, how this concept is being reevaluated and changes that are being proposed. Usage of sanctions is discussed as they provide an extension of economic power.