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Is War Necessary for Economic Growth? Vernon W. Ruttan (Regents Professor, Department of Applied Economics and Economics, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus))

Is War Necessary for Economic Growth? By Vernon W. Ruttan (Regents Professor, Department of Applied Economics and Economics, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus))

Summary

Military and defense related procurement has been an important source of technology development. Changes in the structure of the defense industries and of the US industrial economy make it unlikely that military and defense related procurement would become an important source of revolutionary technologies in the absence of a major war.

Is War Necessary for Economic Growth? Summary

Is War Necessary for Economic Growth?: Military Procurement and Technology Development by Vernon W. Ruttan (Regents Professor, Department of Applied Economics and Economics, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus))

Military and defence related procurement has been an important source of technology development across a broad spectrum of industries that account for an important share of United States industrial production. Changes in the structure of the defence industries and of the U.S. industrial economy make it unlikely that military and defence related procurement would again become an important source of revolutionary new technologies in the absence of a major war.

Is War Necessary for Economic Growth? Reviews

We owe Ruttan a debt of gratitude for demonstrating yet again the importance of public sector support in the development of many major technologies. * Journal of Economic Literature *

About Vernon W. Ruttan (Regents Professor, Department of Applied Economics and Economics, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus))

Vernon W. Ruttan is Regents Professor Emeritus in the Department of Applied Economics and Adjunct Professor in the Hubert H. Humphrey Institute of Public Affairs, University of Minnesota. His research has been on technology development and economic growth. He is the author (with Yujiro Hayami) of Agricultural Development: An International Perspective (1985); United States Development Assistance Policy (1996); and Technology, Growth and Development; An Induced Innovation Perspective (OUP, 2001).

Additional information

NPB9780195188042
9780195188042
0195188047
Is War Necessary for Economic Growth?: Military Procurement and Technology Development by Vernon W. Ruttan (Regents Professor, Department of Applied Economics and Economics, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus))
New
Hardback
Oxford University Press Inc
2006-01-26
232
N/A
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