Economists don't understand war

Economists don't understand war. Economics represents an attempt to define all human activity rationally. At times, human beings do seem to behave rationally. However, often, they do not. Modern economics struggles to reconcile doing what makes money, with doing what is right, because there is no rational way to know for certain what is right. Adam Smith created the modern economic concept of capitalism for moral reasons, particularly to discredit slavery, as inefficient, and as immoral. As we can see with the current Iran war, modern economists are quite incapable of reconciling the strategic failures of the American military -- Iran's governmental stability and long term control of the Srait of Hormuz, despite an extremely expensive military assault by the US -- with their perception of the economic power and superiority of the US over Iran. From a strictly rational, economic point of view, it should be impossible for Iran to withstand such an expensive economic assult relatively unscathed, and to emerge strategically more powerful than it was before. This is "economically" irrational. Yet, it is a self-evident fact! The fact that the stock markets remain quite strong may be attributed in part, at least, to the belief that oil prices must soon fall, because it is " economically impossible" for Iran to retain control of the Strait of Hormuz. However, they will not fall. There is no rational reason to think that Iran must cede control of the Strait of Hormuz, yet, the economic models insist that economically, they must cede to the "superior" economic power, the US. War is existential, and therefore, irrational.