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Economic Militarism
Economic militarism is the ideology surrounding the use of military expenditure to prop up an economy, or the use of military power to gain control or access to territory or other economic resources. Thus a link between output and military expenditure can be made. The scope of this effect depend on : threat faced, productivity of factors, degree of the military utilisation, finance method of military spending, its externalities and effectiveness of this military spending in countering the treaty. As a consequence, a same amount of military spending in different countries can have wide-ranging effects. Brief history of the term The first important use dates from 1939 with ''Germany Rampant: A Study in Economic Militarism'' by Ernest Hambloch, a long-serving British diplomat. ''Germany Rampant'' "traces the philosophy of Nazism to the German mythological figures of ancient times." Since this book the term has been used in connection with the ancient Aztecs, and with militaristic ...
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Ideology
An ideology is a set of beliefs or philosophies attributed to a person or group of persons, especially those held for reasons that are not purely epistemic, in which "practical elements are as prominent as theoretical ones." Formerly applied primarily to economic, political, or religious theories and policies, in a tradition going back to Karl Marx and Friedrich Engels, more recent use the term as mainly condemnatory. The term was coined by Antoine Destutt de Tracy, a French Enlightenment aristocrat and philosopher, who conceived it in 1796 as the "science of ideas" to develop a rational system of ideas to oppose the irrational impulses of the mob. In political science, the term is used in a descriptive sense to refer to political belief systems. Etymology and history The term ''ideology'' originates from French ''idéologie'', itself deriving from combining (; close to the Lockean sense of ''idea'') and '' -logíā'' (). The term ideology, and the system of ideas asso ...
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Richard Kahn, Baron Kahn
Richard Ferdinand Kahn, Baron Kahn, CBE, FBA (10 August 1905 – 6 June 1989) was a British economist. Kahn was born in Hampstead into the orthodox Jewish family of Augustus Kahn, inspector of schools and former German schoolmaster, and Regina Schoyer. He was brought up in England and educated at St Paul's School, London. He attended King's College, Cambridge. Kahn took a 1st in Mathematics, Part I, at Cambridge, followed in 1927 by a 2nd in Physics in the Natural Sciences tripos. Taught economics by Gerald Shove and John Maynard Keynes from 1927 to 1928, he gained a 1st in Economics, Part II, in 1928. In 1930, he was elected a Fellow of King's College. Kahn worked in the Faculty of Economics and Politics from 1933. He became Director of Studies for economics students at King's College in 1947, a post he held for four years. Kahn was appointed professor of Economics in 1951, and succeeded Keynes as Bursar of King's College. He served in numerous other government and agency ...
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Immanuel Wallerstein
Immanuel Maurice Wallerstein (; September 28, 1930 – August 31, 2019) was an American sociologist and economic historian. He is perhaps best known for his development of the general approach in sociology which led to the emergence of his world-systems approach."Wallerstein, Immanuel (1930– )." The AZ Guide to Modern Social and Political Theorists. Ed. Noel Parker and Stuart Sim. Hertfordshire: Prentice Hall/Harvester Wheatsheaf, 1997. 372-76. Print. He was a Senior Research Scholar at Yale University from 2000 until his death in 2019, and published bimonthly syndicated commentaries through Agence Global on world affairs from October 1998 to July 2019. He was the 13th president of International Sociological Association (1994–1998). Personal life and education His parents, Sara Günsberg (born in 1895) and Menachem Lazar Wallerstein (born in 1890), were Polish Jews from Galicia who moved to Berlin, because of the World War, where they married in 1919. Two years later, Sara ...
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War Economy
A war economy or wartime economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of Taylor rates as well as the introduction of resource allocation programs. Approaches to the reconfiguration of the economy differ from country to country. Many states increase the degree of planning in their economies during wars; in many cases this extends to rationing, and in some cases to conscription for civil defenses, such as the Women's Land Army and Bevin Boys in the United Kingdom during World War II. During total war situations, certain buildings and positions are often seen as important targets by combatants. The Union blockade, Union General William Tecumseh Sherman's March to the Sea during the American Civil War, and the strategic bombing of enemy c ...
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Permanent War Economy
Military Keynesianism is an economic policy based on the position that government should raise military spending to boost economic growth. It is a Stimulus (economics), fiscal stimulus policy as advocated by John Maynard Keynes. But where Keynes advocated increasing Public expenditure, public spending on socially useful items (infrastructure in particular), additional public spending is allocated to the arms industry, the area of defense being that over which the executive exercises greater discretionary power. Typical examples of such policies are Nazi Germany, or the United States during and after World War II, during the presidencies of Franklin D. Roosevelt and Harry S. Truman. This type of economy is linked to the interdependence between Welfare state, welfare and Warfare state, warfare states, in which the latter feeds the former, in a potentially unlimited spiral. The term is often used pejoratively to refer to politicians who apparently reject Keynesian economics, but use Key ...
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Military–industrial Complex
The expression military–industrial complex (MIC) describes the relationship between a country's military and the defense industry that supplies it, seen together as a vested interest which influences public policy. A driving factor behind the relationship between the military and the defense-minded corporations is that both sides benefit—one side from obtaining war weapons, and the other from being paid to supply them. The term is most often used in reference to the system behind the armed forces of the United States, where the relationship is most prevalent due to close links among defense contractors, the Pentagon, and politicians. The expression gained popularity after a warning of the relationship's detrimental effects, in the farewell address of President Dwight D. Eisenhower on January 17, 1961. In the context of the United States, the appellation is sometimes extended to military–industrial–congressional complex (MICC), adding the U.S. Congress to form a three-sid ...
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Military Keynesianism
Military Keynesianism is an economic policy based on the position that government should raise military spending to boost economic growth. It is a fiscal stimulus policy as advocated by John Maynard Keynes. But where Keynes advocated increasing public spending on socially useful items (infrastructure in particular), additional public spending is allocated to the arms industry, the area of defense being that over which the executive exercises greater discretionary power. Typical examples of such policies are Nazi Germany, or the United States during and after World War II, during the presidencies of Franklin D. Roosevelt and Harry S. Truman. This type of economy is linked to the interdependence between welfare and warfare states, in which the latter feeds the former, in a potentially unlimited spiral. The term is often used pejoratively to refer to politicians who apparently reject Keynesian economics, but use Keynesian arguments in support of excessive military spending. Keynesian E ...
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Militarism
Militarism is the belief or the desire of a government or a people that a state should maintain a strong military capability and to use it aggressively to expand national interests and/or values. It may also imply the glorification of the military and of the ideals of a professional military class and the "predominance of the armed forces in the administration or policy of the state" (see also: stratocracy and military junta). Militarism has been a significant element of the imperialist or expansionist ideologies of many nations throughout history. Some notable cases include the Ancient Assyrian Empire, the Greek city state of Sparta, the Roman Empire, the Aztec nation, the Mongol Empire, the Zulu Kingdom, the Kingdom of Prussia, the Habsburg/Habsburg-Lorraine Monarchies, the Ottoman Empire, the Empire of Japan, the Russian Empire, Soviet Union, North Korea, the United States of America, Nazi Germany, the Italian Empire during the rule of Benito Mussolini, the German Empire, t ...
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Cold War
The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because there was no large-scale fighting directly between the two superpowers, but they each supported major regional conflicts known as proxy wars. The conflict was based around the ideological and geopolitical struggle for global influence by these two superpowers, following their temporary alliance and victory against Nazi Germany and Imperial Japan in 1945. Aside from the nuclear arsenal development and conventional military deployment, the struggle for dominance was expressed via indirect means such as psychological warfare, propaganda campaigns, espionage, far-reaching embargoes, rivalry at sports events, and technological competitions such as the Space Race. The Western Bloc was led by the United States as well as a number of other First W ...
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Externality
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either consumer or producer market transactions. Air pollution from motor vehicles is one example. The cost of air pollution to society is not paid by either the producers or users of motorized transport to the rest of society. Water pollution from mills and factories is another example. All consumers are all made worse off by pollution but are not compensated by the market for this damage. A positive externality is when an individual's consumption in a market increases the well-being of others, but the individual does not charge the third party for the benefit. The third party is essentially getting a free product. An example of this might be the apartment above a bakery receiving the benefit of enjoyment from smelling fresh pastries every mornin ...
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Input-output Model
In computing, input/output (I/O, or informally io or IO) is the communication between an information processing system, such as a computer, and the outside world, possibly a human or another information processing system. Inputs are the signals or data received by the system and outputs are the signals or data sent from it. The term can also be used as part of an action; to "perform I/O" is to perform an input or output operation. are the pieces of hardware used by a human (or other system) to communicate with a computer. For instance, a keyboard or computer mouse is an input device for a computer, while monitors and printers are output devices. Devices for communication between computers, such as modems and network cards, typically perform both input and output operations. Any interaction with the system by a interactor is an input and the reaction the system responds is called the output. The designation of a device as either input or output depends on perspective. Mice an ...
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