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Is War Necessary for Economic Growth?Military Procurement and Technology Development$
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Vernon W. Ruttan

Print publication date: 2006

Print ISBN-13: 9780195188042

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0195188047.001.0001

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War and Economic Growth

War and Economic Growth

(p.3) 1 War and Economic Growth
Is War Necessary for Economic Growth?

Vernon W. Ruttan (Contributor Webpage)

Oxford University Press

The relationship between war and economic development has been controversial in economic history. During the Cold War, defense and defense-related research and development were criticized as a burden on commercial technology development. The purpose of this book is to demonstrate that military and defense-related research, development, and procurement have represented major sources of technology development across a broad spectrum of industries that account for an important share of U.S. industrial production. This first chapter presents an overview of the theoretical perspectives that economists have used to interpret the rate and direction of technical change.

Keywords:   war, economic development, technology development, induced technical change, evolutional technical change, path-dependent technical change, radical technology

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