Defence Spending as a Priority

Andrew Brody and Amartya Sen
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Andrew Brody: Hungarian Academy of Sciences

Chapter 3 in Peace, Defence and Economic Analysis, 1987, pp 40-49 from Palgrave Macmillan

Abstract: Abstract Defence spending diminishes consumption and also hampers development by draining investible funds. But its most harmful effect consists in the disarray of economic proportions. The present slowdown and high level of pollution may be attributed to the forced industrialisation and militarisation of the 1950s and 1960s. This kind of defence and industrial priority is counter-productive: though it may boost the economy for a shorter or longer stretch of time, it necessarily leads to crippled relationships, mismatches and growing economic, social and political tensions.

Date: 1987
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DOI: 10.1007/978-1-349-18898-7_3

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