Arms, Politics, and the Economy: Historical and Contemporary Perspectives

The U. S. Department of Defense is actually one of the world’s largest planned economies. Like all planned economies, it has gross inefficiencies. This book is a penetrating analysis of the military-industrial-Congressional complex, and offers new insights into how meaningful reform can be achieved.

Prior to World War II, the United States maintained insignificant military forces and weapons manufacturing industries during peace. But the weapons industry that has grown since the end of World...