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Home | Mises Library | The Neglected Costs of the Warfare State: An Austrian Tribute to Seymour Melman

The Neglected Costs of the Warfare State: An Austrian Tribute to Seymour Melman

  • The Journal of Libertarian Studies
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Tags Big GovernmentTaxes and SpendingWar and Foreign Policy

07/30/2014Thomas E. Woods, Jr.

Libertarians often point to “What Is Seen and What Is Not Seen,” a famous essay in which economist Frédéric Bastiat (1801–1850) makes perhaps the most important, if easily neglected, point in all of economics: to understand the economy properly we must consider not merely the immediate effects of a proposed government intervention on certain earmarked groups, but also its long-term effects on society as a whole.

Volume 22, Number 1 (2010)

Cite This Article

Woods, Thomas E. "The Neglected Costs of the Warfare State: An Austrian Tribute to Seymour Melman." Journal of Libertarian Studies 22, No. 1 (2010): 103–125.

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