Some Economic Disadvantages of the Arms Race

In his farewell address to the nation, exPresident Eisenhower warned against the dangers inherent in the growth of what he termed the complex. His concern was primarily with a system of power and a style of thinking that work at cross-purposes to our desire to achieve peaceful international settlements. In this paper, I would like to explore a facet of this problem that has lately become a cause for concern, namely, the ways in which the growth of the military-industrial complex prevents us from grappling seriously with our economic problems and in many instances actually contributes to business stagnation and unemployment

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