The Burden of War and Future Generations

A. C. Pigou

The Quarterly Journal of Economics, 1919, vol. 33, issue 2, 242-255

Abstract: Burdens of war are objective and subjective, 242. — Costs resulting from destruction, and cost of maintaining the fighting forces, 243. — Choice between rival ways of financing a war, 245. — Different effects of the levy plan and the loan plan, 247. — The assumed burden of a loan to the lender, 249. — Subjective burdens of levy and loan methods, 252. — Conclusion, 254.

Date: 1919
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