Many conservative advocates of market-based economics passionately support a large military, while many opponents of a large military oppose markets. Nineteenth-century classical liberal Richard Cobden, however, maintained that the military and the market were substitutes: more military entails less market.
Edward P. Stringham is a Research Fellow at the Independent Institute; Kathryn Wasserman Davis Professor of Economic Organizations and Innovation and Deputy Director of the Shelby Cullom Davis Endowment at Trinity College; and contributor to the book In all Fairness: Equality, Liberty, and the Quest for Human Dignity.
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Other Independent Review articles by Edward P. Stringham
Summer 2017 Should We Be Pushing for More Equality of Income and Wealth?
Spring 2017 Hamilton’s Legacy and the Great Man Theory of Financial History
Spring 2005 Is Government Inevitable?: Comment on Holcombe’s Analysis
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