Tyler Cowen recently argued in his New York Times blog that the present stagnation in economic growth may be partially due to the lack of massive wars on the scale of the World Wars and Vietnam. Before further examining his argument, let us stress what he is not arguing. He is not arguing that we should therefore want more major wars. His claim is positive, not normative. In fact he ends the article with a good word for the position that it is better to not have massive wars, even at the cost of stagnation. (While this may technically absolve him from holding a pro-war position, … Continue reading War is the Health of the…Economy?