The Price of Liberty: Praying For America’s Wars.

HORMATS, Robert D. [Madeleine Albright].

$600.00

Item Number: 149011

New York: Henry Holt And Company, 2007.

First edition of Hormats insights into the economic consequences of war. Octavo, original publisher’s half cloth. Association copy, inscribed by author on the front free endpaper, “To Madeleine Albright, An old friend and great champion of American liberty with warm regards, Robert Hormats.” The recipient, Madeleine K. Albright was the first woman to serve as the U.S. Secretary of State. She acted under President Bill Clinton from 1997 to 2001, leading the United States through foreign policy in the Middle East with the endorsement of military action in Iraq. At the 1998 NATO summit, Albright coined the “3 Ds” of NATO, “which is no diminution of NATO, no discrimination and no duplication – because I think that we don’t need any of those three “Ds” to happen.” After her tenure as Secretary of State, she served as chair of the consulting Albright Stonebridge Group and was the Michael and Virginia Mortara Endowed Distinguished Professor in the Practice of Diplomacy at Georgetown University’s School of Foreign Service. For Albright’s contributions to foreign policy and relations that defined a century, President Barack Obama awarded her the Presidential Medal of Freedom in 2012. Fine in a near fine dust jacket. Bookplate to the front pastedown from, “The Private Collection of Secretary Madeleine K. Albright.” Jacket design by Matthew Enderlin. Jacket illustration (eagle) courtesy of the Library of Congress.

Robert D. Hormats’s The Price of Liberty: Paying for America's Wars examines the historical relationship between the United States’ fiscal policies and its wartime efforts. The book traces how the U.S. has financed wars from the Revolutionary War to contemporary conflicts, emphasizing the economic and political strategies that shaped these efforts. Hormats highlights the pivotal role of taxation, war bonds, and public debt in funding military campaigns, as well as the challenges of balancing fiscal responsibility with national security.