This book examines the effects of defense spending on economic growth and investigates how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries. .

This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.

This collection of chapters comprises timely aspects of two rapidly growing bodies of academic research: entrepreneurship and economic freedom.Expert editors add to an important field of research, the economics of entrepreneurship, and explore how institutions influence entrepreneurial behavior. This book provides comprehensive and contemporary insights into the interaction between economic behavior of firms and households, economic freedom, and entrepreneurship, and how it generates an environment with greater opportunities for growth and development for individuals, households, and private-sector firms. This advanced and revolutionary book will prove to be a valuable tool for academics conducting research in entrepreneurship and/or economic freedom as well as for graduate students studying in these areas. The volume also provides insight into the measurement and value of economic freedom around the world, making it a useful resource for policymakers and practitioners. Contributors: G.M. Alexander, N.J.Ashby, D.L. Bennett, J. Bologna, R. Boylan, S.B. Caudill, T. Cavusoglu, R.J. Cebula, J.R. Clark, S.O. Crofton, O. Dincer, R.K. Goel, D.M. Gropper, R.W. Hafer, Joshua C. Hall, V. Hartarska, J.C. Heckelman, R.G. Holcombe, J.V. Koch, R. Lawson, D.R. Lee, J.E. Long, F.G. Mixon, Jr., R. Murphy, M.A. Nelson, B. Nikolaev, J.E. Payne, R.M. Robinson, M.G. Simonton, D. Stansel, D. Tarabar, R. Vedder

This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone!

This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone!