Economists and the Nobel Peace Prize by David R. Henderson -- Antiwar.com

Economists and the Nobel Peace Prize by David R. Henderson -- Antiwar.com

I found this oldie but goodie relevant to our recent discussion about the lack of responsiveness of US policy makers to the international trend in corporate taxation. In addition to powerful evidence of statism our discussion reflects the inevitable set of consequences from a Welfare/Warfare State. Just as Napoleon would reject any reduction in the coercion to finance expansion, so too do the temporary and permenant minions in Washington DC jealously guard their coffers and, more importantly, the institutional tools used to expand them.

As we think about the upcoming Nobel award, this article resonates. Henderson writes:

First, economists in the past have been some of the most prominent advocates of peace and opponents of silly wars. Second, it shows that the initial granters of the Peace Prize understood that it ought to go to people who did something for world peace.