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It is a fiscal stimulus policy as advocated by John Maynard Keynes. But where Keynes advocated increasing public spending on socially useful items (infrastructure in particular), additional public spending is allocated to the arms industry , the area of defense being that over which the executive exercises greater discretionary power.
The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
The judgement of a field commander in battle over military necessity and proportionality is rarely subject to domestic or international legal challenge unless the methods of warfare used by the commander were illegal, as for example was the case with Radislav Krstic who was found guilty as an aider and abettor to genocide by International Criminal Tribunal for the former Yugoslavia for the ...
A military policy is created through the military policy process of making important organisational decisions, including the identification of priorities and different alternatives such as defence personnel and technology programs or budget priorities, and choosing among them on the basis of the impact they will have on the overall national development.
The House and Senate have approved a $886.3 billion defense policy bill, which would provide the largest raise for service members in more than two decades, temporarily extend a controversial ...
Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and, in some cases, in the same year as) AP Microeconomics as part of a comprehensive AP Economics curriculum, although ...
Senators voted 83-12 to advance the $895 billion annual defense policy package, setting up a vote on final passage by… Senate advances annual defense policy bill, teeing up final vote in coming days
The effects of military expenditure on a nation's economy and society, and what determines military expenditure, are notable issues in political science and economics. Generally, some suggest military expenditure is a boost to local economies. [ 2 ]