Permanent war economy

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.The concept of permanent war economy originated in 1944 with an article by Ed Sard (alias Frank Demby, Walter S. Oakes and T.N. Vance; he was a Trotskyist from the 1930s) who predicted a post-war arms race. He argued at the time that the USA would retain the character of a war economy; even in peacetime, American military expenditure would remain large, reducing the percentage of unemployed compared to the 1930s. He extended this analysis in 1950 and 1951.

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The concept of permanent war economy originated in 1944 with an article by Ed Sard (alias Frank Demby, Walter S. Oakes and T.N. Vance; he was a Trotskyist from the 1930s) who predicted a post-war arms race. He argued at the time that the USA would retain the character of a war economy; even in peacetime, American military expenditure would remain large, reducing the percentage of unemployed compared to the 1930s. He extended this analysis in 1950 and 1951.