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4 of 8 people found the following review helpful:
1.0 out of 5 stars
Obviously has no idea what economics is all about.,
By
This review is from: BUTTER AND GUNS: America's Cold War Economic Diplomacy (Hardcover)
This is, frankly, a poor book. It is a mediocre history of US economic diplomacy since WWII, but it is episodic in nature and fails to really tie together the ebb and flow of international diplomacy over economic issues. It also entirely fails to discuss the economic theory that governs politics in this area such as rent-seeking, two-level games, and even the Ricardo-Viner or Stophler(sp?)-Samuelson models of international trade. Moreover, in stressing the importance of the US military-industrial complex as a source of economic growth and job creation during this period, she totally ignores concepts basic to economics and economic analysis -- opportunity and transaction costs -- and so wrongly argued that the vast amount of capital spent on the military was GOOD for the US economy. She also, to add to the poor analysis everywhere evident in this book, fails to show any real correlation between military spending and economic growth. BAD BOOK! |
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BUTTER AND GUNS: America's Cold War Economic Diplomacy by Diane B. Kunz (Hardcover - January 9, 1997)
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