Military Spending and Differential Accumulation: A New Approach to the Political Economy of Armament – The Case of Israel
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Abstract or Brief Description
This paper offers a new approach to the political economy of armament, focusing on the relationship between military spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis suggests that the militarization of Israel’s economy since the late 1960s occurred within a growing dichotomy between large and small firms. The econometric model shows that the “military-bias” of Israeli industry raised the profits of the large corporate conglomerates but constrained and even lowered those of smaller companies.
Language
English
Publication Type
Article - Journal
Keywords
arms accumulation capital capitalism centralization conflict conglomeration corporation crisis development distribution dual economy elite finance growth Israel labour methodology Middle East military national interest ownership peace politics power profit ruling class sabotage stagflation state technology United States US violence war Zionism
Subject
BN Theory
BN State & Government
BN Region - Middle East
BN Cooperation & Collective Action
BN Industrial Organization
BN Institutions
BN Power
BN Business Enterprise
BN Value & Price
BN Crisis
BN Production
BN Macro
BN War & Peace
BN Conflict & Violence
BN Science & Technology
BN Methodology
BN Distribution
BN Agency
BN Comparative
BN Capital & Accumulation
BN Policy
BN Class
BN Growth
ID Code
12
Deposited On
03 February 2007