Suchergebnisse

SEVERAL OF THE MOST IMPORTANT EFFECTS OF A WAR ECONOMY IN THE UNITED STATES ARE EXAMINED AS THEY RELATE TO PRODUCTIVITY AND GROWTH. MILITARY GOODS AND SERVICES HAVE A POLITICAL UTILITY BUT ARE MOSTLY WITHOUT ECONOMIC USE VALUE. THEY HAVE LITTLE USE FOR CURRENT CONSUMPTION NOR CAN THEY SERVE AS INPUTS FOR FUTURE PRODUCTION.

THE AUTHOR PRESENTS TWO REASONS FOR ECONOMIC CONVERSION PLANNING: FIRST, TO FACILITATE RECONSTRUCTION OF THE DAMAGE OWING TO A PERMANENT WAR ECONOMY; SECOND, TO RELIEVE DISARMAMENT REGUTIATORS OF THE FEAR THAT A REVERSAL OF THE ARMS RACE CARRIES UNACCEPTABLE ECONOMIC PENALTIES. TO THESE ENDS, ECONOMIC CONVERSION LAW IS REQUIRED BECAUSE MAJOR BARRIERS MUST BE OVERCOME TO SET IN MOTION THE NECESSARY PLANNING PROCESS FOR RELIABLE ECONOMIC PENALTIES. THE AUTHOR DESCRIBES TEN MAJOR COMPONENTS OF LAW FOR FACILITATING ECONOMIC CONVERSION PLANNING AND OPERATIONS.