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The Free Market Perspective on the War Economy: Public Policies and the Role of Human Incentives [Perspectiva pieţei libere asupra economiei de război: politicile publice şi rolul stimulentelor umane]

Author

Listed:
  • Iatan Petru-Răsvan

    (Academia de Studii Economice din Bucureşti)

Abstract

Current military conflicts, such as the war that broke out in Ukraine and other latent conflicts worldwide, have rendered economic perspectives on the issue much more necessary now, even more so than in the recent past. Unfortunately, various theoretical approaches of the libertarian, pro-market kind, which have been put forward over the past few decades, either remain unnoticed or are even ignored.

Suggested Citation

  • Iatan Petru-Răsvan, 2023. "The Free Market Perspective on the War Economy: Public Policies and the Role of Human Incentives [Perspectiva pieţei libere asupra economiei de război: politicile publice şi rolul stimulentelor umane]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
    • Handle: RePEc:oen:econom:y:2023:i:02:id:633
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    More about this item

    Keywords

    economics; war economy; national defence; incentives; military spending; entrepreneurship;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative

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