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Principles of Political Economy, Vol. 2

Note 241-4 — Chapter I

John J. (John Joseph) Lalor translation

Besides the mere loss of men, war operates destructively on production, since it affects especially the most productive classes as to age, while pestilence, famine, etc., carry off children, old people, and the feeble. Hence, a people's public economy recovers more readily from the last named misfortune than from war.

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