Limitations of Economic Models

Peter Southwood

Chapter 8 in Disarming Military Industries, 1991, pp 123-142 from Palgrave Macmillan

Abstract: Abstract The economic approach to conversion, while being the mainstream of thinking on this subject from the late 1950s until the early 1970s, has not been without its detractors and critics. As one author expressed it: If radical critics like Michael Reich are correct, then the sophisticated analyses of U.S. Arms Control and Disarmament Agency economists and university economists may have little more relevance than well conceived plans for the colonization of the sun. However well conceived, they simply will never be put into practice. 1

Keywords: Industrial Complex; Military Expenditure; Social Spending; Military Spending; Armament Process (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11527-3_8

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