n the light of this analysis of Über Kriegskostendeckung und Kriegsanleihen we can see how the then-Lieutenant Ludwig von Mises emphasized the tragedy of the war and sought a cost-effective solution to manage the war economy. Once again, the most advantageous path is the one that follows freedom, even if limited by the constraints that conflicts entail.

This paper is undoubtedly unique because it is devoted exclusively to military economics, and I think that this peculiar aspect of Mises’s brilliant intellectual work deserves also to be highlighted.