Military spending and economic development
A theoretical note
Bibliographic Data
| ID | 12979220 |
|---|---|
| Authors | Joshua J Watterton (0000-0003-3851-5643, York University, corresponding author) |
| Year | 2023 |
| Volume | 16 |
| Issue | 2 |
| Pages | 187-192 |
| Publication date | 2023-01-10 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Human Geography (JOURNAL) |
| Journal identifiers | ISSN: 1942-7786 • E-ISSN: 2633-674X |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/19427786221147613 |
| OpenAlex | W4319841239 |
| Language | EN |
| Citations received | 2 |
| References cited | 14 |
Eisenhower once highlighted the growing undemocratic influence of the ‘military-industrial-complex’ (1961) and the enormous opportunity cost associated with it (1953). Since the late-1990s, military spending around the world has been growing but, despite its overall significance, research on it has not followed suit. There remains no consensus on the economic effects of military spending, both in the sense of economic dynamism and whether it ‘crowds-out’ other forms of state spending, like welfare spending. Understanding such primarily depends on how the relationship between the economy and the state is theoretically understood. The present paper outlines in brief three theoretical schools on the state-economy nexus, ultimately arguing that state-backed military spending should be situated as a countertendency to the ‘law of the tendency of the rate of profit to fall’
Crowds · Development economics · Dynamism · Economic welfare · Economics · Market economy · Military science · Military theory · Neoclassical economics · Nexus (standard · Political economy · Political science · Profit (economics · Situated · State (computer science · Welfare · Defense, Military, and Policy Studies · Economic Growth and Productivity · Engineering · Fiscal Policy and Economic Growth · Law
Value without Fetish
Capitalism
Invisible Leviathan
From Military Geography to militarism's geographies
Capitalism, Conflict and Inflation
Crisis Theory, the Law of the Tendency of the Profit Rate to Fall, and Marx's Studies in the 1870s
Beyond the “Sinew of War
The political economy of military expenditure
| Unique citing works | 2 |
|---|---|
| Citations per year | 1 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |