This essay examines the Israeli market structure from the perspective of ownership. We distinguish between the several corporate holding-groups that dominate the ‘Big Economy’ and the multitude of smaller, largely independent, business entities of the ‘Small Economy’. Although the two...

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,...

The present essay is the second in a series of four papers in which examine the political economy of armaments in recent decades. In this paper we focus on the ‘armament core’ of large military producers which recently emerged as a powerful bloc within the big economy of the United States....

This is the third paper in a series of four essays that deal with recent developments affecting the political economy of armaments. It begins by identifying the ‘military bias paradox’ of divergent behaviour, whereby the large armament corporations experienced an almost uninterrupted growth...

This is the final paper in a series of four essays that deal with the political economy of armament and oil. Since the 1980s, military imports to the Middle East increased while revenues from oil exports declined substantially. These disparities highlight structural changes which affect the...

The presence of qualitative changes in the nature of many commodities hinders our ability to construct meaningful price and quantity indices. This paper assesses some of the quality-change literature that seeks to resolve this problem. Several writers have endeavoured to develop objective,...