The Political Economy of Armaments

The Political Economy of Armaments
Bichler, Shimshon and Nitzan, Jonathan and Rowley, Robin. (1989). Working Papers. Department of Economics. McGill University. Vol. 89. No. 7. pp. 1-34. (Article - Working Paper; English).

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Abstract or Brief Description

The interaction of oil exports from the Middle East in the 1970s with arms imports to this region has drawn attention from several researchers. The existing literature, however, is seriously flawed for it ignores the large corporate players whose actions synchronize the two flows of income and, thus fails to identify the significance of these corporations for the political economy of armaments. This present paper is the first of a series of four essays that attempt to relate the dynamics of market structures to the escalation of military sales. Here we briefly asses some neo-Marxist and institutional writings that offer insight into the subject of relevant issues. We find them deficient and perhaps outdated in some respects.



Publication Type

Article - Working Paper


armament Baran corporation institutionalized Kalecki waste Middle East Macro-Marxism monopoly capital oil surplus Sweezy Tsuru underconsumption Veblen Vietnam War


BN State & Government
BN Region - Middle East
BN Industrial Organization
BN Institutions
BN International & Global
BN Region - Asia
BN Region - North America
BN Business Enterprise
BN Region - Pacific
BN Crisis
BN War & Peace
BN Conflict & Violence
BN Capital & Accumulation
BN Growth

Depositing User

Jonathan Nitzan

Date Deposited

11 Feb 2007

Last Modified

21 Dec 2015 20:31


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