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"Following the footsteps of Thorstein Veblen, Stuart Chase, Ralph Borsodi, and others, JW Smith demonstrates the wasted labor within the American Economy at fully 50%. Eliminate the monopolization and wars which engenders that waste, share the remaining productive jobs, and each employable person need work outside the home only 2 to 3 days per week."--Publisher description.
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This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
"Among the crucial problems that confront mankind today are those associated with a degraded environment. This book examines the extent to which warfare and other military activities contribute to such degradation. The military capability to damage the environment and to cause ecological disruption has escalated, and there is no sign that the level of conflict in the world is decreasing. The military use and abuse of each of the several major global habitats -- temperate, tropical, desert, arctic, insular, and oceanic -- are evalusated separately in the light of the civil use and abuse of that habitat"--Dust jacket.