This preliminary study examines the problem of tradeoffs between defense and different sectors of economic activity. The findings demonstrate the inappropriateness of the techniques used in a number of previous studies. The evidence also suggests that the extent to which a sector is affected by...

This paper attempts to demonstrate the significant impact that domestic political-economic factors have in shaping the American defense budget. Evidence is provided which shows that while the military spending burden sustained by the United States is far and away greater than its allies, this...