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Defence Spending as a Priority

In: Peace, Defence and Economic Analysis

Author

Listed:
  • Andrew Brody

    (Hungarian Academy of Sciences)

  • Amartya Sen

Abstract

Defence spending diminishes consumption and also hampers development by draining investible funds. But its most harmful effect consists in the disarray of economic proportions. The present slowdown and high level of pollution may be attributed to the forced industrialisation and militarisation of the 1950s and 1960s. This kind of defence and industrial priority is counter-productive: though it may boost the economy for a shorter or longer stretch of time, it necessarily leads to crippled relationships, mismatches and growing economic, social and political tensions.

Suggested Citation

  • Andrew Brody & Amartya Sen, 1987. "Defence Spending as a Priority," International Economic Association Series, in: Christian Schmidt & Frank Blackaby (ed.), Peace, Defence and Economic Analysis, chapter 3, pages 40-49, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-18898-7_3
    DOI: 10.1007/978-1-349-18898-7_3
    as

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