1st Edition

Heterodox Economics of Military Spending

By Adem Yavuz Elveren Copyright 2025
272 Pages 8 B/W Illustrations
by Routledge

272 Pages 8 B/W Illustrations
by Routledge

Covering Institutionalist, Post-Keynesian, Marxist, and Feminist perspectives, Heterodox Economics of Military Spending provides a comprehensive analysis of the effect of military expenditures on the economy. The impact of military spending on economic growth has always been a crucial issue for policymakers and academics. There exists an extensive body of literature on how military spending... Read more

1.      Introduction: A Pluralistic Perspective on Military Spending

2.      Invisible hand, visible arm: Neoclassical Perspective

3.      No butter? Use guns: Military Keynesianism

Appendix

4.      The visible finger of the invisible hand on the trigger: The Military-Industrial Complex

5.      Butter for bread, gun for oil: Marxist Perspective

6.      The Effect of Military Spending on the Profit Rate: Empirical Works

Appendix

7.      The workers spread butter they get, and gun producers get what they spend: A Post-Keynesian Perspective

Appendix A

Appendix B

8.      Girls make butter, boys play with guns: Feminist Political Economy Perspective

9.      Militarization and Gender Inequality: Empirical Perspective

Appendix

10.   Conclusion

Toward a Needs-Based Budget by Özlem Onaran

Index

Biography

Adem Yavuz Elveren is Associate Professor at Fitchburg State University, US, and Professor at the İzmir University of Economics. His research focuses on gender and social security and the effect of military spending on the economy.

 Heterodox Economics of Military Spending is a timely and innovative work where Adem Yavuz Elveren integrates post-Keynesian and feminist perspectives. By combining structural models with extensive empirical analysis, he offers a comprehensive framework that challenges conventional defense economics and illuminates the complex impacts of militarization.

 -Günseli Berik, Professor Emerita of Economics, University of Utah.

 

An exceptional achievement.  Adem Elveren raises the study of military economics to a new level, covering it from every theoretical angle and the full spectrum of methods and cases. Heterodox Economics of Military Spending will be a sourcebook for the next generation of peace economists.

-James K. Galbraith, The University of Texas at Austin.