Wars fought exclusively on foreign soil do have marginally higher real output growth than peacetime periods, but real growth during all other wars is… - Bryan Caplan
" "Wars fought exclusively on foreign soil do have marginally higher real output growth than peacetime periods, but real growth during all other wars is sharply below peacetime levels. Evidence for foreign and domestic wars is consistent with monetarist, fiscalist, and mixed theories of wartime booms.
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About Bryan Caplan
Bryan Caplan (born April 8, 1971) is a libertarian George Mason University professor of economics.
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Native Name:
Bryan Douglas Caplan
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Through the lens of the Jock/Nerd Theory of History, the welfare state doesn’t look like a serious effort to "equalize outcomes." It looks more like a serious effort to block the "revenge of the nerds"—to keep them from using their financial success to unseat the jocks on every dimension of social status.
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