This is a timely collection of essays utilizing the political economy approach to military spending, primarily by the United States. The articles deal specifically with the relationships between defense spending and: (a) political-business cycles, public opinion and the US-Soviet relationship; (b) military action - i.e. war; (c) economic performance - the trade deficit, guns versus butter issues and fiscal policy.

A contemporary and comprehensive analysis of national and supranational defence governance in an uncertain and increasingly dangerous world. This book will appeal to policymakers, analysts, graduate students and academics interested in defence economics, political economy, public economics and public policy.

This wide-ranging, interdisciplinary analysis blends history, economics, and politics to challenge the prevailing accounts of the rise of U.S. militarism. While acknowledging the contributory role of some of the most widely-cited culprits, this study explores the bigger, but largely submerged, picture: the political economy of war and militarism.

How is it that the United States—a country founded on a distrust of standing armies and strong centralized power—came to have the most powerful military in history? Long after World War II and the end of the Cold War, in times of rising national debt and reduced need for high levels of military readiness, why does Congress still continue to support massive defense budgets? In The American Warfare State, Rebecca U. Thorpe argues that there are profound relationships among the size and persistence of the American military complex, the growth in presidential power to launch military actions, and the decline of congressional willingness to check this power. The public costs of military mobilization and war, including the need for conscription and higher tax rates, served as political constraints on warfare for most of American history. But the vast defense industry that emerged from World War II also created new political interests that the framers of the Constitution did not anticipate. Many rural and semirural areas became economically reliant on defense-sector jobs and capital, which gave the legislators representing them powerful incentives to press for ongoing defense spending regardless of national security circumstances or goals. At the same time, the costs of war are now borne overwhelmingly by a minority of soldiers who volunteer to fight, future generations of taxpayers, and foreign populations in whose lands wars often take place. Drawing on an impressive cache of data, Thorpe reveals how this new incentive structure has profoundly reshaped the balance of wartime powers between Congress and the president, resulting in a defense industry perennially poised for war and an executive branch that enjoys unprecedented discretion to take military action.

In 1950, the U.S. military budget more than tripled while plans for a national health care system and other new social welfare programs disappeared from the agenda. At the same time, the official campaign against the influence of radicals in American life reached new heights. Benjamin Fordham suggests that these domestic and foreign policy outcomes are closely related. The Truman administration's efforts to fund its ambitious and expensive foreign policy required it to sacrifice much of its domestic agenda and acquiesce to conservative demands for a campaign against radicals in the labor movement and elsewhere. Using a statistical analysis of the economic sources of support and opposition to the Truman Administration's foreign policy, and a historical account of the crucial period between the summer of 1949 and the winter of 1951, Fordham integrates the political struggle over NSC 68, the decision to intervene in the Korean War, and congressional debates over the Fair Deal, McCarthyism and military spending. The Truman Administration's policy was politically successful not only because it appealed to internationally oriented sectors of the U.S. economy, but also because it was linked to domestic policies favored by domestically oriented, labor-sensitive sectors that would otherwise have opposed it. This interpretation of Cold War foreign policy will interest political scientists and historians concerned with the origins of the Cold War, American social welfare policy, McCarthyism, and the Korean War, and the theoretical argument it advances will be of interest broadly to scholars of U.S. foreign policy, American politics, and international relations theory. Benjamin O. Fordham is Assistant Professor of Political Science, State University of New York at Albany.

In his farewell speech, President Dwight Eisenhower famously warned us of the dangers of a military-industrial complex (MIC). In Paul Koistinen's sobering new book, that warning appears to have been both prophetic and largely ignored. As the final volume in his magisterial study of the political economy of American warfare, State of War describes the bipolar world that developed from the rivalry between the U.S. and USSR, showing how seventy years of defense spending have bred a monster that has sunk its claws into the very fabric of American life. Koistinen underscores how during the second half of the twentieth century and well into the twenty-first, the United States for the first time in its history began to maintain large military structures during peacetime. Many factors led to that result: the American economy stood practically alone in a war-ravaged world; the federal government, especially executive authority, was at the pinnacle of its powers; the military accumulated unprecedented influence over national security; and weaponry became much more sophisticated following World War II. Koistinen describes how the rise of the MIC was preceded by a gradual process of institutional adaptation and then supported and reinforced by the willing participation of Big Science and its industrial partners, the broader academic world, and a proliferation of think tanks. He also evaluates the effects of ongoing defense budgets within the context of the nation's economy since the 1950s. Over time, the MIC effectively blocked efforts to reduce expenditures, control the arms race, improve relations with adversaries, or adopt more enlightened policies toward the developing world-all the while manipulating the public on behalf of national security to sustain the warfare state. Now twenty years after the Soviet Union's demise, defense budgets are higher than at any time during the Cold War. As Koistinen observes, more than six decades of militaristic mobilization for stabilizing a turbulent world have firmly entrenched the state of war as a state of mind for our nation. Collectively, his five-volume opus provides an unparalleled analysis of the economics of America's wars from the colonial period to the present, illuminating its impact upon the nation's military campaigns, foreign policy, and domestic life.

Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.