“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.”

— Bryan Caplan

[Journal of International Money and Finance, 21, 2, April 2002, 145–162, How does war shock the economy?, 10.1016/S0261-5606(01)00046-8]

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Bryan Caplan 8

American political scientist 1971

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“As an Englishman, particularly as an Englishman standing upon foreign soil, I am, of course, prepared to argue that every war we have ever fought was a purely defensive war. But I am obliged to take cognizance of the quite simple historical fact that for about one thousand years, since the time indeed when Norwegians ravaged our coasts and a certain Scandinavian landed at Hastings in 1066, every war we have fought happens to have been fought in other people's countries.
Now if defense means merely keeping burglars out of the house, what were we doing on all those occasions in other people's houses?
Our history in this respect is not peculiar. The United States is proud of her remoteness from the old world, her freedom from entanglement in its quarrels, her isolation. Yet in her relatively very short history as an independent state she has fought at least six foreign wars while her troops have landed on foreign soil on nearly a hundred occasions. Not one of those wars was for the purpose of defending American soil.”

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“From the accession of Henry the Seventh to the breaking out of the civil wars, England enjoyed much greater exemption from war, foreign and domestic, than for a long period before, and during the controversy between the houses of York and Lancaster. These years of peace were favorable to commerce and the arts. Commerce and the arts augmented general and individual knowledge; and knowledge is the only fountain, both of the love and the principles of human liberty.”

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Prime Minister

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