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Arms, Politics, and the Economy: Historical and Contemporary Perspectives
 
 
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Arms, Politics, and the Economy: Historical and Contemporary Perspectives [Paperback]

Robert Higgs (Editor), William A. Niskanen (Foreword)

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Book Description

January 1, 1990
The U. S. Department of Defense is actually one of the world's largest planned economies. Like all planned economies, it has gross inefficiencies. This book is a penetrating analysis of the military-industrial-Congressional complex, and offers new insights into how meaningful reform can be achieved.

Prior to World War II, the United States maintained insignificant military forces and weapons manufacturing industries during peace. But the weapons industry that has grown since the end of World War II inhabits an ill-defined zone between genuine private enterprise and complete government planning. Does this unprecedented military-industrial-congressional complex efficiently serve the public's interest in national security?

In this book, eleven contributing scholars analyze such questions as whether overall military spending is too high or too low, why the military procurement system remains impervious to reform, and how special interests exploit the system.

This book does not leave readers with simple solutions; depoliticizing defense spending and eliminating military procurement mismanagement will not be easy. But this book does lay the foundation of understanding to help necessary reforms take place.


Editorial Reviews

Review

"Arms, Politics and the Economy coheres uncommonly well and is valuable reading for those interested in defense matters." -- Journal of American History

"An immensely timely book! As the international system changes, understanding the economy of military spending is more important than ever." -- Bruce M. Russett, professor of political science, Yale University

"Not the ordinary book on defense policy. A major chronicle and critique of the defense establishment." -- Earl C. Ravenal, Distinguished Research Professor of International Affairs, School of Foreign Service, Georgetown University

"Present[s] . . . a wide range of views on one of the most important issues now confronting the American people." -- A. Ernest Fitzgerald, author, The Pentagonists

About the Author

Robert Higgs is Senior Fellow in Political Economy at The Independent Institute and Editor of The Independent Review. His books include Crisis and Leviathan, Competition and Coercion, Hazardous to Our Health?, and the new book, Against Leviathan.

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More About the Author

Dr. Robert Higgs (born 1 February 1944) is an American economic historian and an economist of the Austrian school. His writings in economics and economic history have most often focused on the causes, means, and effects of government growth. Dr. Higgs has written extensively about the ratchet effect, the economic causes of the Great Depression, regime uncertainty, and the myth that World War II caused economic recovery in the late 1940s.

Currently Dr. Higgs is Senior Fellow in Political Economy for The Independent Institute and Editor of the Institute's quarterly journal The Independent Review. He received his Ph.D. in economics from Johns Hopkins University, and he has taught at the University of Washington, Lafayette College, Seattle University, and the University of Economics, Prague. He has been a visiting scholar at Oxford University and Stanford University, and a fellow for the Hoover Institution and the National Science Foundation.

Dr. Higgs is the recipient of numerous awards, including the Gary Schlarbaum Award for Lifetime Defense of Liberty, Thomas Szasz Award for Outstanding Contributions to the Cause of Civil Liberties, Lysander Spooner Award for Advancing the Literature of Liberty, Friedrich von Wieser Memorial Prize for Excellence in Economic Education, and Templeton Honor Rolls Award on Education in a Free Society.

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Inside This Book (learn more)
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First Sentence:
Dwight D. Eisenhower knew some history. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
base closure account, parochial imperative, ribbon defense commissions, contractor misconduct, proposed base closures, nongovernment sales, defense procurement regulation, major base closures, arms supply policy, weapons acquisition policy, weapons acquisition process, prime military contracts, industry public goods, obsolete military bases, perceived marginal cost, total package procurement, restraint perspective, arms transfer policy, military base closures, prime contract awards, closure proposals, distributive theory, reelection constituency, military waste, nonrival consumption
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, Department of Defense, World War, Congressional Record, New Deal, Defense Department, Washington Post, Government Printing Office, Third World, General Dynamics, President Reagan, Rhode Island, Defense Secretary, House of Representatives, White House, Wall Street Journal, Fort Dix, Senate Committee, American Bar Association, Arming America, Harvard University Press, New Jersey, Public Law, Ist Sess
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