[PEN-L:4639] On Military Keynesianism

[Michael Perelman]

Max's note on military Keynesianism brings up a useful point.  Back in
the good old days, military Keynesianism had a Keynesian component.  In
other words, the idea was to create an economy with a solid employment
base.  Militarism was a convenient, albeit not courageous, means of
accomplishing that goal.  I don't mean to push this too far.  David
Noble's work shows that the Air Force was quite concerned about
deskilling labor.  Even so, the change is dramatic.

Today, military Keynesianism .  has given way to a form of corporate
welfare for the military industrial complex, without any employment
consideration.
--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901