Military Keynesianism in the Third World: An Assessment of Non-Military Motivations for Arms Production

Abstract

The purpose of tflis paper is to attempt to integrate several strands of the literature on third world arms production/military expenditures and, in the process, demonstrate the manner in which these two elements are interrelated. More specifically, we are interested in developing a framework that merges several elements of the Classical (high opportunity cost), Keynesian (source of employment and output), and Marxist (falling productivity of capital) approaches to the analysis of third world arms production/military expenditures.