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Economic Alternatives to Arms Prosperity

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  • Seymour Melman

    (Department of Industrial and Management Engineering, Columbia University)

Abstract

Conversion to civilian economy can be carried out efficiently if there is detailed planning at all levels: factory, firm, industry, state, and federal. The main opportunities for new domestic civilian markets are in economic development investment in the underdeveloped regions of the United States and in major expenditures for health, education, housing, and related services. Large foreign markets for capital goods await major United States investment in economic development. Pressures for solving market and conversion problems are being generated not only by prospects of disarmament but also by two new factors: domestic economic problems that press for solution and require a shift of resources from military uses and the appreciation that it makes no military or other sense to spend more for expensive overkill stock-piling.

Suggested Citation

  • Seymour Melman, 1964. "Economic Alternatives to Arms Prosperity," The ANNALS of the American Academy of Political and Social Science, , vol. 351(1), pages 121-131, January.
    • Handle: RePEc:sae:anname:v:351:y:1964:i:1:p:121-131
    DOI: 10.1177/000271626435100114
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