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- Title
WPŁYW UWARUNKOWAŃ GOSPODARCZYCH NA POZIOM WYDATKÓW OBRONNYCH STANÓW ZJEDNOCZONYCH.
- Authors
Kozłowski, Grzegorz
- Abstract
The aim of this publication is to analyse the relationship between the level of defence expenditures in the United States and its economic growth. The existing literature does not adjudge a correlation in this regard, leaving it open to dispute between neoclassicists and Keynesians. There were two periods in the United States' budgetary policy on the level of defence expenditures. In the first one (from the establishment of the state until World War II), the US significantly grew expenses only in the time of wars. In the second (since the 1940s up till now), the US has been keeping a constant and high level of defence expenditures regardless of the geopolitical and economic situation. For the latter, building and expanding the Military Industrial Complex has been an important factor in keeping relatively high level of expenditures, including the armament market, in which the US has a world hegemony.
- Publication
Economic & Political Thought / Myśl Ekonomiczna & Polityczna, 2019, Vol 67, Issue 4, p45
- ISSN
2081-5913
- Publication type
Article
- DOI
10.26399/meip.4(67).2019.38/g.kozlowski