The economics of military spending a Marxist perspective
The Economics of Military Spending offers a comprehensive analysis of the effect of military expenditures on the economy. It is the first book to provide both a theoretical and anempirical investigation of how military spending affects the profit rate, a key indicator of the health of a capitalist e...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Abingdon, Oxon ; New York, NY :
Routledge
2019.
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| Edición: | 1st ed |
| Colección: | Routledge frontiers of political economy.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630746806719 |
Tabla de Contenidos:
- Cover
- Half Title
- Series
- Title
- Copyright
- Dedication
- Contents
- List of figures
- List of tables
- Foreword
- Acknowledgements
- List of abbreviations
- 1 Introduction
- A brief history of military expenditure
- Strategic and economic motives for military expenditure
- Economic effect of military expenditure
- 2 Economic models of the military expenditure-growth nexus
- Introduction
- Economic models
- The Feder-Ram model
- Deger-Smith model
- Augmented Solow-Swann growth model
- Endogenous growth model
- New macroeconomic model
- Causality approach
- Brief literature survey
- 3 Military Keynesianism and the military-industrial complex
- Introduction
- Military Keynesianism and its effect
- John Kenneth Galbraith on the military-industrial complex
- Military-industrial complex today
- 4 Marxist crisis theories
- Introduction
- Underconsumption/stagnation theories
- Profit/wage squeeze theories
- Tendency for the rate of profit to fall
- Marx's law of the tendency for the rate of profit to fall
- A brief overview of the debates
- Issues on the measurement of the rate of profit
- Empirical literature
- 5 The effect of military expenditure on profitability in Marxist theories
- Marx and Engels on military expenditure
- Rosa Luxemburg
- Baran and Sweezy, and other underconsumptionists
- The theory of the permanent arms economy
- Debates on the role of milex on the economy
- Sweezy versus Szymanski
- Smith versus Hartley and McLean and Chester
- Gottheil versus Riddell and Cypher
- Dunne and Smith versus Pivetti
- Empirical work on the effect on the profit rate
- Conclusion
- Appendix: A circuit of capital model with a military sector
- Adding aggregate demand
- The effect of military expenditure on the realisation lag.
- 6 An econometric analysis of the nexus of military expenditure and the profit rate
- Introduction
- Literature survey
- Data
- Method
- Results and discussion
- Conclusion
- 7 Analysis of the nexus of military expenditure and profit: country cases
- Introduction
- Literature survey
- Data
- Method
- ARDL bounds testing approach
- Non-linear ARDL
- Markov switching model
- Toda-Yamamoto method
- Results and discussion
- Results for U.S.A.
- Summary of the long-term results of all countries
- Conclusion
- 8 Conclusion
- Appendix A: Panel studies (dependent variable is PWT Profit)
- Appendix B: Time-series analyses
- Appendix C: Toda-Yamamoto procedure results
- Index.
