The Impact of High Military Expenditures (I)

Peter Southwood

Chapter 3 in Disarming Military Industries, 1991, pp 30-41 from Palgrave Macmillan

Abstract: Abstract The socio-economic consequences of the post-war armaments build-up became a topic of major concern to peace researchers and the United Nations from the late 1960s onwards. Previously the economics of disarmament had tended, with the notable exception of Melman in the USA, to be considered in isolation from this broader issue. Yet the economic burden of military expenditure came to be recognised as a major issue because the wastefulness of spending on armaments, if it harmed rather than aided the economy as a whole, provided a source of additional pressure for restraining and then turning the tide of the arms race. How powerful, or otherwise, this argument against high levels of defence expenditure is likely to be will be a matter for discussion at the end of the next chapter.

Keywords: Business Cycle; Military Expenditure; Military Spending; Defence Spending; Peace Research (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11527-3_3

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DOI: 10.1007/978-1-349-11527-3_3

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