Lack of War Hurting Economic Growth

The Pitfalls of Peace

Explore the business, economy, finance and trade aspects of human society.

Moderators: Calilasseia, ADParker

Lack of War Hurting Economic Growth

#1  Postby Sovereign » Jun 15, 2014 5:34 pm

For some reason I'm unable to quote this article from my current computer but basically it's arguing that during major wars, governments move with an urgency that you don't see in peace and that boost economic growth.
http://www.nytimes.com/2014/06/14/upsho ... rowth.html?
Sovereign
THREAD STARTER
 
Posts: 2989
Male

United States (us)
Print view this post

Ads by Google


Re: Lack of War Hurting Economic Growth

#2  Postby Arnold Layne » Jun 15, 2014 8:20 pm

It does tend to reduce the population somewhat, though, which is a bit of a bummer, but not what most governments really bother too much about.
I'm a Pixiist
User avatar
Arnold Layne
 
Posts: 2698

Country: France
France (fr)
Print view this post

Re: Lack of War Hurting Economic Growth

#3  Postby Pebble » Jun 15, 2014 8:29 pm

Kwasi Kwartwng - War & Gold does a nice job of explaining the connection - looser monetary rules allows inflation to rise stimulating investment, but at the expense of escalating govt debt - bit like quantitative easing.
Pebble
 
Posts: 2534

Country: UK
Ireland (ie)
Print view this post

Re: Lack of War Hurting Economic Growth

#4  Postby DougC » Jun 15, 2014 8:29 pm

A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction...

This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every statehouse, every office of the federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military–industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals so that security and liberty may prosper together.


Dwight D. Eisenhower
January 17, 1961
To do, is to be (Socrate)
To be, is to do (Sartre)
Do be do be do (Sinatra)
SUBWAY(1985)
DougC
 
Posts: 14118
Age: 44
Male

Country: UNITED Kingdom
United Kingdom (uk)
Print view this post


Return to Economics

Who is online

Users viewing this topic: No registered users and 1 guest