War and Economic Growth

Vernon W. Ruttan

in Is War Necessary for Economic Growth?

Published in print January 2006 | ISBN: 9780195188042
Published online February 2006 | e-ISBN: 9780199783410 | DOI:
 War and Economic Growth

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The relationship between war and economic development has been controversial in economic history. During the Cold War, defense and defense-related research and development were criticized as a burden on commercial technology development. The purpose of this book is to demonstrate that military and defense-related research, development, and procurement have represented major sources of technology development across a broad spectrum of industries that account for an important share of U.S. industrial production. This first chapter presents an overview of the theoretical perspectives that economists have used to interpret the rate and direction of technical change.

Keywords: war; economic development; technology development; induced technical change; evolutional technical change; path-dependent technical change; radical technology

Chapter.  6995 words. 

Subjects: Economic Development and Growth

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