"War prosperity is like the prosperity that an earthquake or a plague brings"
About this Quote
Calling war "prosperity" is Mises doing what good economists do when they’re feeling impatient with the headlines: stripping the word of its flattering glow and returning it to a ledger of real costs. The line works because it’s a metaphor that refuses comfort. Earthquakes and plagues can create frantic economic activity - rebuilding contracts, emergency procurement, overtime shifts - yet no one mistakes the bustle for genuine enrichment. By yoking war to disaster, Mises punctures the familiar political magic trick of pointing to full factories and rising GDP while ignoring what those factories are producing and what had to be destroyed to justify the production.
The subtext is an attack on the wartime optics of growth. War can make employment numbers look healthy and can concentrate profits in favored sectors, but that’s not the same as improving living standards. The implied counterfactual is the real dagger: resources poured into weapons and reconstruction could have gone into housing, medicine, infrastructure, or consumer goods that expand choice rather than manage ruin. If prosperity means a society getting more capable, more secure, more free to allocate its effort, then war is prosperity’s parody: forced spending, distorted prices, rationing, and the normalization of state control.
Context matters. Mises wrote in the shadow of two world wars and the rise of planning states, when "mobilization" was sold as national revitalization. His comparison insists on an older, unfashionable metric: wealth is what remains after the smoke clears, not what gets billed while it’s burning.
The subtext is an attack on the wartime optics of growth. War can make employment numbers look healthy and can concentrate profits in favored sectors, but that’s not the same as improving living standards. The implied counterfactual is the real dagger: resources poured into weapons and reconstruction could have gone into housing, medicine, infrastructure, or consumer goods that expand choice rather than manage ruin. If prosperity means a society getting more capable, more secure, more free to allocate its effort, then war is prosperity’s parody: forced spending, distorted prices, rationing, and the normalization of state control.
Context matters. Mises wrote in the shadow of two world wars and the rise of planning states, when "mobilization" was sold as national revitalization. His comparison insists on an older, unfashionable metric: wealth is what remains after the smoke clears, not what gets billed while it’s burning.
Quote Details
| Topic | War |
|---|
More Quotes by Ludwig
Add to List









