Re: growth opportunities and military keynesianism
I found: Fewer Jobs, Slower Growth: Military Spending Drains the Economy by David Gold and A Prop, Not a Burden: The U.S. Economy Relies on Militarism by James Cypher, in Dollars Sense, issue 242, July/August 2002. Regrettably these are not available on-line, surprising in the light of the burning urgency of the issue. Dollars Sense is an excellent magazine though ! J.
Re: growth opportunities and military keynesianism
Is there any recent serious literature on the multiplier effect of military expenditure ? One can strike a ratio between military budgets and GDP etc., but it is virtually impossible to isolate a specifically military industry from net output data, since there are relatively few contractors whose only output is military hardware, they would produce for civil uses as well. According to some sources, military expenditure is around 3-4 percent of GDP in the USA, but other sources suggest a much higher figure (?). This percentage is relatively low, relative to many other countries, but total GDP is much larger, so the total amount of money involved is vastly larger. J.
Re: growth opportunities and military keynesianism
David Gold had a nice piece on multipliers in a recent Dollars and Sense. The official military budget is not all that big relative to GDP, but nobody knows how big the actual budget is. Some bioweapons stuff is in agriculture; nukes are in the energy department On Fri, Jul 25, 2003 at 07:23:20AM +0200, Jurriaan Bendien wrote: Is there any recent serious literature on the multiplier effect of military expenditure ? One can strike a ratio between military budgets and GDP etc., but it is virtually impossible to isolate a specifically military industry from net output data, since there are relatively few contractors whose only output is military hardware, they would produce for civil uses as well. According to some sources, military expenditure is around 3-4 percent of GDP in the USA, but other sources suggest a much higher figure (?). This percentage is relatively low, relative to many other countries, but total GDP is much larger, so the total amount of money involved is vastly larger. J. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
