IDEAS home Printed from https://ideas.repec.org/h/spr/innchp/978-3-319-68807-7_3.html
   My bibliography  Save this book chapter

The Horizon 2020 European Defence Research Program and the Economic Consequences of Military R&D

In: The Emergence of EU Defense Research Policy

Author

Listed:
  • Guglielmo Carchedi

    (York University)

Abstract

After an assessment of the Horizon 2020 European Defence Research Program, this article discusses the basic assumption behind both civilian and military expenditures, namely, that such expenditures foster economic growth and are successful anti-crises policies. First, the historical example of the long period of economic growth following WWII is considered. The conclusion is reached that it was economic growth that made possible such expenditures rather than the other way around. Theoretical arguments and empirical data are submitted to substantiate this claim. The Keynesian multiplier and its alternative, the Marxist multiplier, are examined. Finally, the article considers the advantages and disadvantages of the production and export of arms. The following conclusion is reached: the production of weapons (a) while enriching the producers of weapons contributes to the tendential fall of the average rate of profit in the producing and exporting country, (b) impoverishes the workers of the importing country and (c) responds to the offensive needs of the imperialist countries.

Suggested Citation

  • Guglielmo Carchedi, 2018. "The Horizon 2020 European Defence Research Program and the Economic Consequences of Military R&D," Innovation, Technology, and Knowledge Management, in: Nikolaos Karampekios & Iraklis Oikonomou & Elias G. Carayannis (ed.), The Emergence of EU Defense Research Policy, chapter 0, pages 45-56, Springer.
    • Handle: RePEc:spr:innchp:978-3-319-68807-7_3
    DOI: 10.1007/978-3-319-68807-7_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:innchp:978-3-319-68807-7_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.