The Political Economy of Military Expenditure: An Introduction

John Dunne

Cambridge Journal of Economics, 1990, vol. 14, issue 4, 395-404

Abstract: This paper shows that, although the military burden has declined since the Korean War, in the OECD it still represents an important component of government spending. The magnitude of military spending does not provide a measure of its importance to the economy. The relation between military spending and accumulation has to be seen as a complex historical dialectical process in which military spending plays a contradictory role. The other contributions to the symposium are then discussed within this framework. They deal with the empirical analysis of the economic costs of military spending, the impact of changing military spending, and the problems of conversion. Copyright 1990 by Oxford University Press.

Date: 1990
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