Donald Losman, professor of economics at the Industrial College of the Armed Forces, discusses the secondary role OPEC played in 1970s U.S. economic problems, U.S. government intervention in oil prices that encouraged poor consumer choices in the broader economy, the numerous real costs not included in a barrel of oil and why military coercion is not needed to spur international trade.
MP3 here. (28:13)
Donald Losman is a professor of economics at the Industrial College of the Armed Forces, National Defense University, Washington, D.C. He is the author of a 2001 policy analysis for the CATO Institute, “Economic Security: A National Security Folly?”
Losman began teaching at the Industrial College of the Armed Forces (ICAF) in 1982 and also holds a diploma from ICAF. He has worked in senior professional military education since 1978, having taught at the U.S. Army War College and the National War College as well. Earlier, he was a civilian academic for 14 years. Dr. Losman holds a PhD in international economics from the University of Florida, with a minor in international politics. He has also served as a consultant to the Small Business Administration and the World Bank; he has worked in the Pentagon and for an economic consulting corporation. Dr. Losman is the author of four books, over 60 scholarly articles, and op-ed pieces in all our nation’s leading newspapers as well as in overseas publications. He has regional expertise in the Middle East and is recognized as an authority on economic sanctions. He also has expertise in defense industrial base issues and the electronics industries.
The views expressed are the author’s and do not represent the views of the National Defense University or the Department of Defense.