Is War Necessary For Economic Growth?: Military Procurement And Technology Development by Vernon W. RuttanIs War Necessary For Economic Growth?: Military Procurement And Technology Development by Vernon W. Ruttan

Is War Necessary For Economic Growth?: Military Procurement And Technology Development

byVernon W. Ruttan

Hardcover | December 15, 2005

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Military and defense-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. In this book, the author focuses on six general-purpose technologies:interchangeable parts and mass production; military and commercial aircraft; nuclear energy and electric power; computers and semiconductors; the INTERNET; and the space industries. In each of these industries, technology development would have occurred more slowly, and in some case much more slowlyor not at all, in the absence of military and defense-related procurement. The book addresses three questions that have significant implications for the future growth of the United States economy. One is whether changes in the structure of the United States economy and of the defense-industrial base preclude military and defense-related procurement from playing the rolein the development of advanced technology in the future, comparable to the role it has played in the past. A second question is whether public support for commercially oriented research and development will become an important source of new general-purpose technologies. A third and more disturbingquestion is whether a major war, or the threat of major war, will be necessary to mobilize the scientific, technical, and financial resources necessary to induce the development of new general-purpose technologies. When the history of United States technology development in the next half century is written, it will focus on incremental rather than revolutionary changes in both military and commercial technology. It will also be written within the context of slower productivity growth than of the relativelyhigh rates that prevailed in the United States in the 1950s and 1960s or during the information technology bubble that began in the early 1990s. These will impose severe constraints on the capacity of the United States to sustain a global-class military posture and a position of leadership in theglobal economy.
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 Internati...
Title:Is War Necessary For Economic Growth?: Military Procurement And Technology DevelopmentFormat:HardcoverDimensions:232 pages, 6.3 × 9.29 × 0.98 inPublished:December 15, 2005Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195188047

ISBN - 13:9780195188042

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Editorial 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