The Political Economy of Military Spending in the United States

by Alex Mintz (Editor)

Overview

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.

Product Details

ISBN-13:	9780415075954
Publisher:	Taylor & Francis
Publication date:	08/06/1992
Pages:	352
Product dimensions:	6.12(w) x 9.19(h) x (d)
Age Range:	18 Years

Table of Contents

1 Introduction: Political Economy and National Security Part I: Cycles in Military Spending 2 Elections, Business Cycles, and the Timing of Defense Contract Awards in the United States 3 Do Leaders Make a Difference? Posture and Politics in the Defense Budget 4 Too Little, but Not For Too Long: Public Attitudes on Defense Spending 5 Risky Business: US–Soviet Competition and Corporate Profits 6 On the Domestic Political-Economic Sources of American Military Spending Part II: The Political Economy of Military Spending and Military Action 7 Military Buildup, War Escalation, and Business Confidence: Wall Street’s Reaction to the Vietnam Conflict 8 The Political Economy of Military Actions: The United States and Israel Part III: Defense Spending and Economic Performancem9 ‘Guns’ vs ‘Butter’: A Disaggregated Analysis 10 Guns, Butter, and Debt: Balancing Spending Tradeoffs between Defense, Social Programs, and Budget Deficits 11 Defense Budgeting, Fiscal Policy, and Economic Performance 12 Military Burden and Economic Hegemonic Decline: The Case of the United States Part IV: Issues in Defense Spending 13 Issues in Defense Spending: Plausibility and Choice in SovietEstimates 14 Expectations and the Dynamics of US Defense Budgets: Critique of Organizational Reaction Models 15 Conclusions: If the Times Are A’changing, Appendix: The Political Economy of Defense Spending Data Set