The Economics of Military Spending

Foreword

Interest in particular economic topics and approaches ebbs and flows under the influence of economic conditions. What were once topics of great research interest get neglected only to be rediscovered when the conjuncture changes. In this book, Adem Yavuz Elveren examines the interaction of military expenditure and the rate of profit and their contribution to capitalist crises. It not only redirects attention to an increasingly relevant older literature but also makes an original theoretical and empirical contribution to the analysis.

In recent years, in many countries there has been a tendency for inequality to increase, for the share of wages in total income to fall, and for median incomes to stagnate. This pattern has increased interest ...