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Timely Lessons for the Post-9/11 World from Schmoller and Wagner

In: Gustav von Schmoller and Adolph Wagner

Author

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  • Nicholas Wolfgang Balabkins

    (Lehigh University)

Abstract

What is the impact of terrorism on the structure of state budgets? The contribution investigates this issue under the aspect of Wagner’s law and Schmoller’s emphasis on social welfare legislation. In particular, he argues that after 9/11, “a tectonic event in U.S. history”, protection of the population against terrorism has become an important function of the state, thus becoming an unforeseen new driving force for expansion of public expenditure.

Suggested Citation

  • Nicholas Wolfgang Balabkins, 2018. "Timely Lessons for the Post-9/11 World from Schmoller and Wagner," The European Heritage in Economics and the Social Sciences, in: Jürgen Backhaus & Günther Chaloupek & Hans A. Frambach (ed.), Gustav von Schmoller and Adolph Wagner, pages 65-75, Springer.
    • Handle: RePEc:spr:euhchp:978-3-319-78993-4_6
    DOI: 10.1007/978-3-319-78993-4_6
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    Keywords

    B15; H56;

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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