Military Spending and Differential Accumulation: A New Approach to the Political Economy of Armament — The Case of Israel

Bichler, Shimshon; Nitzan, Jonathan

doi:10.1177/048661349602800103

Cited by 16 publications

(19 citation statements)

References 11 publications

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“…Most studies use models that assume a linear relation between military expenditure and growth (and other variables). But evidence of nonlinearity in the defense-growth relationship is reported by Bichler and Nitzan (1996). They claim that throughout the 1950s and most of the 1960s military expenditure had a positive effect on growth through accumulation of human capital and smoother assimilation of new immigrants.…”

Section: The Defense-growth Nexusmentioning

confidence: 99%

Six decades of the Israeli-Arab conflict: An assessment of the economic aspects

Abu‐Qarn¹

2008

EPSJ

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The article critically evaluates the literature that deals with the economic aspects of the Israeli-Arab conflict. The survey covers: (1) Data issues and lack of trustworthy time series; (2) the existence and causal direction of an arms race between Israel and its Arab neighbors; (3) the defense-growth nexus and possible spillovers from the defense industry to civilian sectors; (4) the effects of foreign aid; and (5) the dividends of a possible peace agreement. The survey concludes with recommendations for future research.

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Section: The Defense-growth Nexusmentioning

confidence: 99%

Six decades of the Israeli-Arab conflict: An assessment of the economic aspects

Abu‐Qarn¹

2008

EPSJ

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“…See Rowley et al (1988), Bichler (1991) and Bichler and Nitzan (1996). 20 Establishments are physical production locations, unlike firms which are legal entities.…”

Section: The Israeli Case: a Bird's-eye Viewmentioning

confidence: 99%

The global political economy of Israel

2003

Choice Reviews Online

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“…2 The political essence of capital is emphasized in Bichler (1986) and developed more fully in Bichler (1991). For the concept, implications and applications of differential accumulation, see Nitzan (1992); Nitzan and Bichler (1995); Bichler and Nitzan (1996a); Bichler and Nitzan (1996b); Nitzan and Bichler (1996); Nitzan (1998);Nitzan and Bichler (2000a); Nitzan and Bichler (2000b);and Nitzan and Bichler (2001). 3 Conventional theory celebrates the iron law of pro t maximization, although it is not very clear why.…”

Section: N Ot E Smentioning

confidence: 99%

Regimes of differential accumulation: mergers, stagflation and the logic of globalization

Nitzan¹

2001

Review of International Political Economy

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A BS T R A C TThe paper offers a new approach for analysing capitalist development and crisis, tying together mergers and acquisitions, stag ation and globalization as integral facets of accumulation. The framework builds on the concept of differential accumulation, emphasizing the power drive by dominant capital groups to beat the average and exceed the normal rate of return. Four regimes of differential accumulation are articulated: internal breadth by amalgamation, external breadth through green-eld investment, internal depth via cost-cutting, and external depth through stag ation. The complex relationships between these different regimes, as well as their broader societal implications, are analysed in light of the US experience over the past century. Several broad conclusions emerge. (1) Of the four regimes, the most important are amalgamation and stag ation, which tend to oscillate inversely to each other. (2) Over the longer haul, amalgamation grows exponentially relative to green-eld investment, contributing to the stagnation tendency of modern capitalism. (3) The wave-like pattern of mergers and acquisitions re ects the progressive break-up of socioeconomic 'envelopes', as dominant capital moves through successive amalgamation at the industry, sectoral, national, and, nally, global level. In this sense, the current global merger wave is an integral facet of differential accumulation. (4) Periodic lulls in amalgamation tend to be compensated for by stag ation, which appears as a crisis at the societal level, but which contributes signi cantly to differential accumulation at the disaggregate level. An end to the present worldwide merger boom could therefore trigger global stag ation. (5) Stag ation crises have been previously 'resolved' when dominant capital broke its existing envelope, pushing to amalgamate within a broader universe of takeover targets. Given that there is nothing more to conquer beyond the global envelope, future stag ation crises may prove much more dif cult to tame. K E Y WO R D S

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Military Spending and Differential Accumulation: A New Approach to the Political Economy of Armament — The Case of Israel

Cited by 16 publications

References 11 publications

Six decades of the Israeli-Arab conflict: An assessment of the economic aspects

Six decades of the Israeli-Arab conflict: An assessment of the economic aspects

The global political economy of Israel

Regimes of differential accumulation: mergers, stagflation and the logic of globalization

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