In “Manual of Ship Subsidies: An Historical Summary of the Systems of All Nations,” Edwin M. Bacon delivers a comprehensive exploration of maritime economic policies that have shaped naval powers through history. With meticulous detail, Bacon dissects various subsidy systems employed by nations worldwide, providing an extensive analysis within a rich historical context. His erudite literary style blends historical narrative with economic theory, establishing a critical commentary on the motives and outcomes of ship subsidies. By contextualizing these systems within the broader currents of international trade and maritime strategy, Bacon reveals the intricate interplay between economics and national defense. Edwin M. Bacon, an expert in maritime law and economics, draws on his extensive background in naval policy to craft this seminal work. His academic and professional experiences inform his analysis, leading him to illuminate the often-overlooked significance of subsidies in maritime commerce. Bacon's dedication to public policy and maritime history is evident in his research, where he demonstrates an awareness of the global implications of national ship-building and subsidy practices. “Manual of Ship Subsidies” is an essential read for scholars and practitioners in maritime economics and history. It serves as a vital reference for understanding how governmental intervention influences economic dynamics at sea. Bacon'Äôs rigorous scholarship and clear exposition make this book a critical resource for anyone interested in the intersections of economics, history, and naval power.
