The Price of Fear: The Truth Behind the

Topic(s): Announcement | No Comments

Date/Time: 06/11/2008 12:00 am

Book Reading/Signing: The Price of Fear: The Truth Behind the
Financial War on Terror By Ibrahim Warde
More by Ibrahim Warde on the Alwan blog:


Thursday, November 6, 2008 7:00 PM
Free and Open to the Public
The financial front of the U.S.-led “global war on terror” has
largely escaped critical scrutiny. Much of what is commonly believed
– about how terrorism is financed, how successful financial
measures have been, etc. – is largely rooted in mythology. The
“war” on “terrorist finances” was based on the axiom that
“money is the oxygen of terror.” It was also driven by the quest
for Osama Bin Laden’s fictitious “$300 million fortune” and by
the indiscriminate application of money laundering tools devised in
the 1980s as part of the “War on Drugs.” Although some of the
decisions taken in the wake of the September 11 attacks were long
overdue, much of what has been done on the financial front turned out
to be counterproductive, and resulted in considerable collateral
Ibrahim Warde is adjunct professor of international business at the
Fletcher School of Law and Diplomacy, Tufts University. He holds a
B.A. from Université Saint Joseph in Beirut, Lebanon, an MBA from
France’s École des Hautes Études Commerciales, and an M.A. and
Ph.D. in Political Science from the University of California at
His books include The Price of Fear: The Truth Behind the Financial
War on Terror (The University of California Press, 2007)—which has
been translated into French, Italian, Japanese, and Arabic—and
Islamic Finance in the Global Economy (Edinburgh University Press,
2000 and 2009). He is also a Carnegie scholar and a frequent
contributor to Le Monde diplomatique.
The Price of Fear: The Truth Behind the Financial War on Terror has
been named by Foreign Affairs as one of the best books of the year
about economic, social, and environmental issues.
“A pleasure to read and remarkably informative about a subject that
the press seems to have mangled. This ought to have a big
impact.”—Chalmers Johnson, author Blowback: The Costs and
Consequences of American Empire
“Warde makes a compelling case against the Bush administration’s war
on terror (despite its hollow claims of success everywhere). . . .
Dealing as it does with the thinking and decision processes of Bush
administration officials about the war on terror, the book makes a
significant contribution to the burgeoning literature in security
studies.”—International Studies Review
“A well-reasoned critique, amounting to a stinging indictment, of the
financial ‘war on terror’ as it has been practiced by the U.S.
government since 9/11.”—Foreign Affairs
“Ibrahim Warde exposes the Bush administration’s much ballyhooed, but
often duplicitous ‘war on terrorist finances’ which has nabbed few bad
guys, ruined many innocents, frozen little hot money and vastly
complicated worldwide banking for the greater glory of a burgeoning
American bureaucracy.”—Jonathan Randal, author of Osama: The Making
of a Terrorist
“Ibrahim Warde takes a long overdue skeptical look at the widely held
view that money is the ‘oxygen’ of terrorism. That conclusion has
resulted in a financial war on terror launched by the U.S. government
that in many cases has produced meager or even counterproductive
results. Warde writes with great clarity, and his book is very well
reported. It is a welcome addition to a field that has been largely
the preserve of alarmists with little interest in the kinds of
reporting done by Warde.”—Peter Bergen, author of The Osama bin
Laden I Know
“Is it any wonder that with thinking like this, American policy went
adrift in the war on terror, not able to find a solid base on which
to move forward?”—Patrick Lloyd Hatcher, author of North Atlantic
Civilization at War
“A witty, irreverent analysis of the financial ‘war on terror.’ A
must read for anyone interested in the Middle East and the global
economy.”—Clement M. Henry, co-author of Globalization and the
Politics of Development in the Middle East
16 Beaver St, between Broad and Broadway, 4th FL
TRAINS: 4/5 to Bowling Green; J/M/Z to Broad St.; R/W to Whitehall;
2/3 to Wall Street; 1/9 to Rector St. or South Ferry
BUSES: M1, M6, M9, M16, M20
BIKE: Hudson Rvr. Greenway, East Rvr. path, Liberty St., Broadway,
Water St

Questions? Ask us