Arms, Politics, and the Economy

Historical and Contemporary Perspectives

Edited by Robert Higgs / Foreword by William A. Niskanen
Published by Independent Institute
Distributed by Simon & Schuster
LIST PRICE $44.95

About The Book

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.

Product Details

  • Publisher: Independent Institute (June 1, 2002)
  • Length: 328 pages
  • ISBN13: 9780945999669

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Raves and Reviews

Arms, Politics, and the Economy is not the ordinary book on defense policy, procedures, and practices. It is a major chronicle and critique of the defense establishment, a virtual catalog of the defense business. The book is immensely informative and makes rare sense of the ‘military-industrial-congressional complex.’ The authors’ judgments are shrewd and sound, and the essays are strikingly innovative and intellectually adventurous, and extraordinatrily well-crafted, sophisticated, and scholarly.”

EARL C. RAVENAL, Distinguished Research Professor of International Affairs, School of Foreign Service, Georgetown University

Arms, Politics, and the Economy is an immensely timely book! As the international system changes, understanding the domestic political economy of military spending is more important than ever.”

BRUCE M. RUSSETT, Professor of Political Science, Yale University

“Professor Higgs has performed a real service in presenting such a wide range of views on one of the most important issues now confronting the American people, and the Independent Institute’s timing in publishing it could not be better. Arms, Politics, and the Economy is an important addition to your ‘must read’ list.”

A. ERNEST FITZGERALD, Author, The High Priests of Waste and The Pentagonists

“Valuable reading for those interested in defense matters, Arms, Politics, and the Economy cohers uncommonly well and is valuable reading for those interested in defense matters. Relatively free from jargon, it is also a useful introduction to public goods theory.”

JOURNAL OF AMERICAN HISTORY

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