Is War Necessary for Economic Growth?: Military Procurement and Technology Devel

Description: Is War Necessary for Economic Growth? by Vernon W. Ruttan Military and defense related procurement has been an important source of technology development. Changes in the structure of the defense industries and of the US industrial economy make it unlikely that military and defense related procurement would become an important source of revolutionary technologies in the absence of a major war. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description 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 eachof these industries, technology development would have occurred more slowly, and in some case much more slowly or 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 role in 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 anddevelopment will become an important source of new general-purpose technologies. A third and more disturbing question is whether a major war, or the threat of major war, will be necessary to mobilizethe 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 relatively high rates that prevailed in the United States in the1950s 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 militaryposture and a position of leadership in the global economy. Author Biography 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 International Perspective (1985); United States Development Assistance Policy (1996); and Technology,Growth and Development; An Induced Innovation Perspective (OUP, 2001). Review "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"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"A persuasive writer,...[Ruttan] draws excellent parallels between the items of his study, particularly in the critical role military funding plays in private-firm research...[and] helps to illuminate the militarys role in technological procurement. It should interest any scholar of military technological development."--Paul J. Springer, Ph.D., West Point Promotional Does military research and development create a higher public standard of living? Long Description 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 eachof these industries, technology development would have occurred more slowly, and in some case much more slowly or not at all, in the absence of military and defense-related procurement. The book addresses three questions that have significant implications for the future growthof 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 role in 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 moredisturbing question 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 developmentin 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 relatively high 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 militaryposture and a position of leadership in the global economy. Review Text "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"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"A persuasive writer,...[Ruttan] draws excellent parallels between the items of his study, particularly in the critical role military funding plays in private-firm research...[and] helps to illuminate the militarys role in technological procurement. It should interest any scholar of military technological development."--Paul J. Springer, Ph.D., West Point Review Quote "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 Feature Asks the question: Is military funding necessary for growth?The books themes have proven controversial when presented by the author in seminars in and symposia.By the same author: Technology Growth and Development: An Induced Innovation Perspective (OUP, 2000) sold nearly 1,800 copies. Details ISBN0195188047 Author Vernon W. Ruttan Short Title IS WAR NECESSARY FOR ECONOMIC Pages 232 Language English ISBN-10 0195188047 ISBN-13 9780195188042 Media Book Format Hardcover Year 2006 Subtitle Military Procurement and Technology Development Illustrations 9 line drawings Residence MN, US Position Regents Professor, Department of Applied Economics and Economics Imprint Oxford University Press Inc Place of Publication New York Country of Publication United States Affiliation Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus) DOI 10.1604/9780195188042 UK Release Date 2006-01-26 AU Release Date 2006-01-26 NZ Release Date 2006-01-26 US Release Date 2006-01-26 Publisher Oxford University Press Inc Publication Date 2006-01-26 DEWEY 355.62120973 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. 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