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A scientific publication written in the early 20th century. The book explores the relationship between military power and national advantage, arguing against the common belief that political and military strength directly correlates with national wealth and security. Instead, Angell posits that in the modern world, military conquest does not guarantee economic benefits for the victor, challenging deeply rooted assumptions about war and trade. The beginning of this work introduces Angell's thesis by addressing the prevailing axioms of international politics, particularly the belief that military power is essential for a nation's prosperity. He critiques the mindset that equates conquest with tangible gains, illustrating that economic interdependence and modern finance often render such ideas obsolete. By interweaving contemporary historical context and financial realities, Angell sets the stage for a detailed investigation into how modern societies can relate to war, challenging the necessity of military might in securing national interests and arguing for a fundamental reevaluation of political and economic strategies in the face of evolving international dynamics.