From Bargaining to Warfare … to Nobel Prize?

I thought this post from History News Network was worth pointing out to my massive readership:

Nobel laureate Thomas Schelling’s little-known role in the Vietnam War.

Thomas C. Schelling won the Nobel Memorial Prize in Economic Sciences this week. Today’s papers note his ingenious applications of “game theory” to labor negotiations, business transactions, and arms-control agreements. But what they don’t note what is little-known in general is the crucial role he played in formulating the strategies of “controlled escalation” and “punitive bombing” that plunged our country into the war in Vietnam.

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