The Permanent War Economy : an Analysis of U.S. Defense Spending
Title | The Permanent War Economy : an Analysis of U.S. Defense Spending PDF eBook |
Author | Jane Meadows |
Publisher | |
Pages | 92 |
Release | 2021 |
Genre | United States |
ISBN |
The Permanent War Economy, originating in the 1940s, has produced decades of excessive defense spending, contributing to waste that detracts funds from social expenditures to meet domestic needs. Previous research on this topic has focused greatly on the origins and causes of this economy with little emphasis on modern solutions to solve this problem and little focus on policy alternatives that can be funded with decreases in defense spending. In this thesis, I use data from the Organization for Economic Cooperation and Development (OECD), the White House Office of Management and Budget, and Federal Reserve Economic Data (FRED) to compose a timeline of how defense spending has changed from 1962 to 2020, how U.S. defense spending compares to the rest of the world, and how much the United States could have saved from 1999 to 2019 had it spent the global average percentage of GDP on defense, which I then use to illustrate a number of alternative domestic programs that could be funded with the consequent savings. My findings indicate support for the theory of the Permanent War Economy and show that it is possible for the United States to decrease defense spending and reallocate those funds to domestic programs while maintaining a position of global military strength. - Abstract.
The Permanent War Economy
Title | The Permanent War Economy PDF eBook |
Author | Seymour Melman |
Publisher | Simon & Schuster |
Pages | 394 |
Release | 1974 |
Genre | Business & Economics |
ISBN |
The Permanent War Economy
Title | The Permanent War Economy PDF eBook |
Author | T. N. Vance |
Publisher | |
Pages | 96 |
Release | 1970 |
Genre | Capitalism |
ISBN |
The Political Economy of Military Spending in the United States
Title | The Political Economy of Military Spending in the United States PDF eBook |
Author | Alex Mintz |
Publisher | Routledge |
Pages | 345 |
Release | 2002-01-31 |
Genre | Political Science |
ISBN | 1134903324 |
Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.
Defense Spending And Economic Growth
Title | Defense Spending And Economic Growth PDF eBook |
Author | James E. Payne |
Publisher | Routledge |
Pages | 234 |
Release | 2019-03-13 |
Genre | Business & Economics |
ISBN | 0429715684 |
This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
The War Economy of the United States
Title | The War Economy of the United States PDF eBook |
Author | Seymour Melman |
Publisher | |
Pages | 266 |
Release | 1971 |
Genre | Disarmament |
ISBN |
The Economics of Defense
Title | The Economics of Defense PDF eBook |
Author | Members of Congress for Peace through Law. Military Spending Committee |
Publisher | Greenwood |
Pages | 290 |
Release | 1971 |
Genre | Defense contracts |
ISBN |