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The Political Economy of Armaments

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  • Bichler, Shimshon
  • Nitzan, Jonathan
  • Rowley, Robin

Abstract

The interaction of oil exports from the Middle East in the 1970s with arms imports to this region has drawn attention from several researchers. The existing literature, however, is seriously flawed for it ignores the large corporate players whose actions synchronize the two flows of income and, thus fails to identify the significance of these corporations for the political economy of armaments. This present paper is the first of a series of four essays that attempt to relate the dynamics of market structures to the escalation of military sales. Here we briefly asses some neo-Marxist and institutional writings that offer insight into the subject of relevant issues. We find them deficient and perhaps outdated in some respects.

Suggested Citation

  • Bichler, Shimshon & Nitzan, Jonathan & Rowley, Robin, 1989. "The Political Economy of Armaments," EconStor Preprints 157845, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:157845
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    File URL: https://www.econstor.eu/bitstream/10419/157845/1/bna-132_890101BNR_PE_of_Armament.pdf
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    References listed on IDEAS

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    1. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    2. R. L. Hall & C. J. Hitch, 1939. "Price Theory And Business Behaviour," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 12-45.
    3. Steve Chan, 1980. "The Consequences of Expensive Oil on Arms Transfers," Journal of Peace Research, Peace Research Institute Oslo, vol. 17(3), pages 235-246, September.
    4. Smith, R P, 1977. "Military Expenditure and Capitalism," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(1), pages 61-76, March.
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    Cited by:

    1. Nitzan, Jonathan & Bichler, Shimshon, 2018. "Arms and Oil in the Middle East: A Biography of Research," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 30(3), pages 418-440.
    2. Bichler, Shimshon & Nitzan, Jonathan, 2015. "Still About Oil?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 70, pages 49-79.
    3. Bichler, Shimshon & Nitzan, Jonathan, 1996. "Putting the State In Its Place: US Foreign Policy and Differential Accumulation in Middle-East “Energy Conflicts”," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 3(4), pages 608-661.
    4. Nitzan, Jonathan & Bichler, Shimshon, 2018. "The CasP Project: Past, Present, Future," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(3), pages 1-39.
    5. Bichler, Shimshon & Nitzan, Jonathan, 2017. "Oil and Blood in the Orient, Redux," EconStor Preprints 172198, ZBW - Leibniz Information Centre for Economics, revised 2017.

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