War and the Austrian School: Ludwig von Mises and Friedrich von Hayek

Westley, Christopher; Anderson, William L.; Kjar, Scott A.

doi:10.15355/epsj.6.1.28

Cited by 5 publications

(2 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…6 Another perspective comes from the Austrian School, questioning military expenditure as a form of statism and collective action leading to war and long-term economic damage. 7 Writers in the Marxist tradition generally see the role of military expenditure in capitalist development as important, but contradictory. Strands in this tradition differ in their treatment of crisis, the extent to which they view military expenditure as necessary to capitalist development, and the role of the MIC in class struggle.…”

Section: Theoretical Issuesmentioning

confidence: 99%

Military expenditure and economic growth: A survey

Dunne¹,

Tian²

2013

EPSJ

104

View full text Add to dashboard Cite

U ntil recently, a long-standing, impressively large, and growing literature appeared to have failed to result in a scholarly consensus on the effects of military expenditure on economic growth. But the availability of 20 more years of data since the end of the cold war has helped researchers to make progress in identifying any relation of military expenditure with economic factors. The literature is complex and difficult to summarize, with studies differing in their theoretical approach, in the empirical methods used, in the coverage of countries and time periods employed, and in their quality and statistical significance. This article extends and updates an earlier survey by Dunne and Uye, 1 now covering almost 170 studies. It finds that more recent studies provide increasingly stronger evidence of a negative effect of military expenditure on growth. The following sections discuss the general nexus between military expenditure and economic growth, reviews general theoretical issues and the empirical literature, and evaluates the effect of adding the more recent studies to the older ones. The final section presents some conclusions.

show abstract

Section: Theoretical Issuesmentioning

confidence: 99%

Military expenditure and economic growth: A survey

Dunne¹,

Tian²

2013

EPSJ

104

View full text Add to dashboard Cite

show abstract

“…This article is the last in a trilogy on contributions by the Austrian school of economists on questions of war and peace. See Kjar and Anderson (2010) and Westley, Anderson, and Kjar (2011).…”

Section: Murray Rothbard On "Just War" Theorymentioning

confidence: 99%