Publisher's Synopsis
This collection of essays examines military and defence spending in the USA in terms of political economy. The articles deal with the place of defence spending within the government's overall budget and consider the various political and economic pressures, as well as some of the military and diplomatic influences, on the way money is disbursed on defence projects. There are essays on the effect of changing US-Soviet relations, the old dilemma of guns versus butter, the constraints of fiscal policy, the effects of economic cycles, and the role of public opinion.
