...shrewd observations about aspects of defense costs. For example, he noted that soldiers receive pay "less than that of common labourers, and in actual service their fatigues are much greater." This was because their "youthful fancies" and "romantic lapses" led them to overestimate the likelihood...

...young volunteers never enlist so readily as at the beginning of a new war ; and though they have scarce any chance of preferment, they figure to themselves,...their blood. Their pay is less than that of common laborers, and in actual service their fatigues are much greater. The lottery of the sea is not altogether...

...young volunteers never enlist so readily as at the beginning of a new war; and though they have scarce any chance of preferment, they figure to themselves,...acquiring honour and distinction which never occur" (Smith 1937, 109). For Morgenthau, prestige correspondingly serves states "in support of a policy of...

...young volunteers never enlist so readily as at the beginning of a new war; and though they have scarce any chance of preferment, they figure to themselves,...youthful fancies, a thousand occasions of acquiring honor and distinction which never occur. These romantic hopes make the whole price of their blood....

...years ago, when Dr. Adam Smith published his work on the Wealth of Nations. " Recruits," says he, " figure to themselves, in their youthful fancies, a...actual service their fatigues are much greater. The son of a creditable labourer or artificer, may go to sea. with his father's consent ; but if he enlists,...