Permanent war economy
(Redirected from Permanent arms economy)
The concept of permanent war economy originated in 1944 with an article by Ed Sard (alias Frank Demby, Walter S. Oakes and T.N. Vance), a theoretician who predicted a post-war arms race. He argued at the time that the United States would retain the character of a war economy; even in peacetime, US military expenditure would remain large, reducing the percentage of unemployed compared to the 1930s. He extended this analysis in 1950 and 1951.[1]
See also
- Iron triangle
- List of countries by military expenditures
- Military budget of the United States
- Military Keynesianism
- Perpetual war
- Ultra-imperialism
Notes
- ^ See Peter Drucker, Max Schachtman and his Left. A Socialist Odyssey through the 'American Century', Humanities Press 1994, p. xv, 218; Paul Hampton, "Trotskyism after Trotsky? C'est moi!", in Workers Liberty, vol 55, April 1999, p. 38
References
- Walter S. Oakes, 1944, "Towards a Permanent Arms Economy?", Politics, February.
- T. N. Vance, 1950, "After Korea What? An Economic Interpretation of U.S. Perspectives", New International, November–December.
- T. N. Vance, 1951, "The Permanent Arms Economy", New International. [series of articles]
- Charles Edward Wilson, "Army Ordnance (Vol. XXVI, No. 143, March–April 1944)".
- Tony Cliff, Perspectives for the permanent war economy. Socialist Review March 1957. Reprint Tony Cliff, Marxist Theory after Trotsky. Selected Writings. Volume 3. Bookmarks London 2003. ISBN 1-898876-93-2
- Chris Harman, Explaining the Crisis – A Marxist Re-Appraisal. Bookmarks London 1999. ISBN 0-906224-11-X
- Chris Harman, Analysing Imperialism International Socialism 99. Summer 2003.
- Michael Kidron, Western Capitalism Since the War. Penguin Books Harmondsworth 1970.
- Alfred Sohn-Rethel, Industrie und Nationalsozialismus. Aufzeichnungen aus dem “Mitteleuropäischen Wirtschaftstag”. Wagenbach-Verlag Berlin 1992. ISBN 3-8031-2204-X
- Alfred Sohn-Rethel, Economy and class structure of German fascism London, CSE Books 1978.
- Ernest Mandel, Late Capitalism. London: Verso, 1975.
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