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Limitations of Economic Models

In: Disarming Military Industries

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  • Peter Southwood

Abstract

The economic approach to conversion, while being the mainstream of thinking on this subject from the late 1950s until the early 1970s, has not been without its detractors and critics. As one author expressed it: If radical critics like Michael Reich are correct, then the sophisticated analyses of U.S. Arms Control and Disarmament Agency economists and university economists may have little more relevance than well conceived plans for the colonization of the sun. However well conceived, they simply will never be put into practice. 1

Suggested Citation

  • Peter Southwood, 1991. "Limitations of Economic Models," Palgrave Macmillan Books, in: Disarming Military Industries, chapter 8, pages 123-142, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11527-3_8
    DOI: 10.1007/978-1-349-11527-3_8
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