The economics of war

posted by
November 17, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"The market economy involves peaceful cooperation. The division of labor cannot function effectively amidst a war. Warfare among primitive tribes did not suffer this drawback because the warring parties had not been engaged in trade before the hostilities. Thus they engaged in total war. Things were different in Europe (before the French Revolution) when military, financial, and political circumstances produced limited warfare." (11/16/11)  


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