Ludwig von Mises: Economic War Boom

Posted by admin on Saturday, February 5, 2011

Ludwig von Mises Money Quotation saying prosperity from war comes at the expense of the destruction of property and lives of battleground countries. Ludwig von Mises said:
 
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods Quote
 

“War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods” — Ludwig von Mises

 

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In this quote, Ludwig von Mises is arguing that war does not directly cause economic growth or a “boom”. His view is that destruction of goods through war does not increase wealth or the overall economy.

While war often leads to increased government spending and production of weapons, according to Mises this does not make up for the loss of goods, capital, and resources destroyed in the conflict.

His interpretation is that war can only harm economic activity by destroying existing wealth in the form of property and infrastructure, rather than creating new wealth through increased production and spending.

Birthday: September 29, 1881 – Death: October 10, 1973

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