Origin and Development of the Thoughts on Military Keynesianism During 1936–2012
This work is licensed under a Creative Commons Attribution 4.0 International License.
The copyright to this article is transferred to the University of Public Service Budapest, Hungary (for U.S. government employees: to the extent transferable) effective if and when the article is accepted for publication. The copyright transfer covers the exclusive right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature.
The author warrants that this contribution is original and that he/she has full power to make this grant. The author signs for and accepts responsibility for releasing this material on behalf of any and all co-authors.
An author may make an article published by University of Public Service available on a personal home page provided the source of the published article is cited and University of Public Service is mentioned as copyright holder
Abstract
The aim of the paper is to show how the thoughts of military Keynesianism have been developed and to define the role of military Keynesianism. First, the term ‘military Keynesianism’ will be introduced and its birth in the history of economic development will be dated and explained. Second, the development of the thoughts of military Keynesianism and also the development of the military–industrial complex will be described and the main different views on the application of military Keynesianism policy will be included. Finally, the authors will try to interpret opinions on the application of military Keynesianism during the economic recession, 2008–2012.