Texas Tech University

February 15, 2018

Featuring Dr. Price Fishback, Thomas R. Brown Professor of Economics at the University of Arizona



Is war good for the economy? Many people seem to think so, and they often cite the American experience during World War II as an example: "World War II brought us out of the Great Depression." "Americans never had it so good, producing more guns and more butter." We fought the War to prevent the Axis from establishing fascism throughout large parts of the world. But make no mistake; to fight the War, Americans had to sacrifice. This presentation talks about both the amazing output of the war effort and how much Americans sacrificed in the process. It is also important to remember, however, that Americans were the lucky ones because so little fighting took place on American soil. The sacrifices in the rest of the world were much larger.

Price Fishback was a special guest of the Phi Beta Kappa Society by means of the PBK Visiting Scholar Program. He is Thomas R. Brown Professor Economics at the University of Arizona.

This event was hosted by the Texas Tech Phi Beta Kappa Chapter, of which ISWC Director Steve Balch is also president.

For more information about TTU Phi Beta Kappa, visit pbk@ttu.edu.