The frequency of foreign conflict initiations in the United States is
found to be significantly greater following the onset of recessions du
ring a president's first term than in other periods. We develop an eco
nomic theory of the political use of wars which links the election cyc
le, war decisions, and economic performance consistent with the observ
ed relationships among these events. An incumbent leader with an unfav
orable economic performance record may initiate a war to force the lea
rning of his war leadership abilities and thus salvage, with some prob
ability, his reelection. This obtains despite voter rationality and in
formational symmetry.