The Neglected Costs of the Warfare State: An Austrian Tribute to Seymour Melman, by Thomas Woods (Mises Institute)
Perhaps no scholar has applied Bastiat’s insights to military expenditures with more persistence and rigor than Seymour Melman (1917-2004). Melman was a professor of industrial engineering and operations research at Columbia University. In a scholarly career that yielded a great many books and articles, he focused much of his energy on the economics of the warfare and military-oriented state. In large part, Melman’s work amounted to an extended analysis, in light of Bastiat’s insight, of the costs not only of modern American wars but also of the defense establishment itself.