International trade and the development of intertwined global markets makes inter-state war less profitable and probable. This is Norman Angell's simple hypothesis, vigorously defended in The Great Illusion and at the root of an enduring controversy, from the time of its initial publication - on the eve of the First World War - to this day. Well documented, logically argued and persuasive, The Great Illusion is a passionate defense of peace, attacking widely held, yet unquestioned assumptions about the gains from war and the costs of conquest.
Part I. The Economics of the case
Chapter I. Statement of the economic case por war.
Chapter II. The axioms of modern statecraft.
Chapter III. The great illusion.
Chapter IV. The impossibility of confiscation.
Chapter V. Foreign trade and military power.
Chapter VI. The indemnity futility.
Chapter VII. How colonies are owned.
Chapter VIII. The fight for "the place in the sun".
PART II. The human nature and morals of the case
Chapter I. The psychological case for war.
Chapter II. The psychological case for peace.
Chapter III. Unchanging human nature.
Chapter IV. Do the warlike nations inherit the earth?.
Chapter V. The diminishing factor of physical force: psychological results.
Chapter VI. The state as a person: a false analogy and its consequences.
PART III. The practical outcome
Chapter I. The relation of defence to aggression.
Chapter II. Armement, but not alone armament.
Chapter III. Is the political reformation possible?
Chapter IV. Methods.
Appendix on recent events in Europe.