Military and defence related procurement has been an important source of technology development across a broad spectrum of industries that account for an important share of United States industrial production. Changes in the structure of the defence industries and of the U.S. industrial economy make it unlikely that military and defence related procurement would again become an important source of revolutionary new technologies in the absence of a major war.
Readership: Academic undergraduate and graduate (economics and public affairs), defence scholars, intellectuals, specialised interest readers, general audience.
Vernon W. Ruttan, Regents Professor, Department of Applied Economics and Economics, University of Minnesota (Emeritus)
