2003
DOI: 10.1017/s0003055403000625
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Both Guns and Butter, or Neither: Class Interests in the Political Economy of Rearmament

Abstract: A major rearmament program can have a lasting effect on the balance of political and economic power between societal groups. It will typically require the expansion of progressive taxation and government interference in the economy, both of which are disproportionately harmful to the interests of the upper classes. Consequently, conservative governments that face a sharp increase in international threat should be more likely than their leftist counterparts to try to substitute alliances and appeasement for arm… Show more

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Cited by 51 publications
(24 citation statements)
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“…Kirshner's () case study evidence demonstrates that financial communities often oppose the use of force abroad in light of expected market instability during conflict . In many cases, Narizny () finds that political parties and politicians representing wealthy and financial interests sought to avoid costly military rearmament in favor of the more cost‐effective strategies of alliance formation and appeasement. Similarly, Fordham's () evidence demonstrates that Republican United States presidents representing wealthy interests were more likely to invest in strategic weapons rather than the costly alternative of manpower favored by their Democratic counterparts because Republican constituents would likely shoulder the burden of increased spending.…”
Section: The Costs Of Conflictmentioning
confidence: 99%
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“…Kirshner's () case study evidence demonstrates that financial communities often oppose the use of force abroad in light of expected market instability during conflict . In many cases, Narizny () finds that political parties and politicians representing wealthy and financial interests sought to avoid costly military rearmament in favor of the more cost‐effective strategies of alliance formation and appeasement. Similarly, Fordham's () evidence demonstrates that Republican United States presidents representing wealthy interests were more likely to invest in strategic weapons rather than the costly alternative of manpower favored by their Democratic counterparts because Republican constituents would likely shoulder the burden of increased spending.…”
Section: The Costs Of Conflictmentioning
confidence: 99%
“…Narizny () and Kirshner () also employ cases where states had little option to borrow due to international or domestic circumstances to demonstrate the salience of the economic costs of security.…”
mentioning
confidence: 99%
“…Palmer (1990) argued that the existence of a negative trade‐off was contingent on alliance politics, and he found that a statistically significant negative relationship existed between military expenditures and social spending only in those nations that were relatively small military contributors to large military alliances. In a historical case study of nine major arms buildups by democratic nations, Narizny (2003) found that in only one of his nine cases (the United States during the buildup from 1979 to 1986) was a massive arms buildup accompanied by cuts in social expenditures. Other studies find no short‐term trade‐off between defense and welfare spending, and instead stress the constraining effects of fiscal policy on defense spending (Domke, Eichenberg, and Kelleher 1983; Su, Kamlet, and Mowery 1993).…”
Section: The Welfare Consequences Of Military Spendingmentioning
confidence: 99%
“…In many democracies, leaders need legislative authorization for war, but legislative approval is less likely to materialize in the face of public opposition (Hildebrandt et al 2013;Lindsay 1994). Moreover, leaders must raise revenues to pay for military operations, but legislative bodies are unlikely to levy new taxes, incur new debt, or cut government programs to finance wars that their constituents oppose (Hartley and Russett 1992;Narizny 2003).…”
Section: Public Opinion and The Democratic Peacementioning
confidence: 99%