5 The effect of military expenditure on profitability in Marxist theories
Within the Marxist literature, milex is thought to impact the profit rate via capital productivity and the organic composition of capital. Milex therefore plays a contradictory role in the economy, as has been discussed extensively in the Marxian literature. (See inter aliaGeorgiou, 1983; Kollias and Maniatis, 2003; Coulomb, 2004; Dunne et al., 2013; Elveren and Hsu, 2016, 2018.) Although a Marxist theory of militarism has not been developed, Marxist scholars do discuss linkages between milex and the profit rate. These may include various linkages. First, milex may include a surplus that can be realised as profit, or it may remove capital from the non-military sector, ...
Get The Economics of Military Spending now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
