ABSTRACT

By assessing the costs and benefits of military spending, the authors provide a "second opinion" on the subject of military economics. While advocates of increased military spending often stress the positive effects of the Pentagon on the economy, there has been little systematic summary of the "opportunity costs" that society pays for a large military establishment. This book fills that gap.

chapter |5 pages

Introduction

chapter I|29 pages

The Military Budget, the Economy and Jobs

chapter II|42 pages

Military Spending: Stimulant or Impediment?

chapter III|32 pages

The Technological Impact of Military Spending

chapter IV|43 pages

The Costs of the Current Buildup

chapter |8 pages

Summary of Findings