Its Changing Interpretation

FROM the second quarter of the eighteenth century economists evolved the idea that war was an almost unmitigated economic disaster. By the end of the century that view had become almost generally established and, excepting the notable dissent of Malthus, it remained more or less unchanged in Britain until the outbreak of the First World War. The earliest writers to consider the impact of that war on the economy took, therefore, an unrelievedly gloomy view of its results. They would have echoed what was already becoming received opinion when Samuel Johnson published, in 1749, his imitation of Juvenal’s tenth Satire: Yet Reason frowns on War’s unequal Game, Where wasted Nations raise a single Name, And mortgag’d States theri Grandsires’ Wreaths regret, Form Age to Age in everlasting Debt. 1 These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Debt · Dissent · Economic history · Economics · Economy · Imitation · Interpretation (philosophy) · Political economy · Political science · Regret · Spanish Civil War · World War II · Historical Economic and Social Studies · History · Law · Literature: history, themes, analysis · Philosophy · Political Economy and Marxism · Psychology

• The Economic History Review

  Open Access•Richard Pares•The Economic History Review•1937

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• Economic Inquiries and Studies

  C F Bastable, Robert Giffen•The Economic Journal•1904

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• Some Economic Consequences of the Great War

  P Sargant Florence, F Pinet et al.•The Economic Journal•1931

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• War and National Finance

  F Y Edgeworth, Robert Henry Brand•The Economic Journal•1922

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• Problems of Social Policy

  R C Chambers, R M Titmu et al.•British Journal of Sociology•1950

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