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dc.contributor.authorHossein-zadeh, Ismael
dc.descriptionDr. Ismael Hossein-zadeh teaches economics at Drake University, Des Moines, Iowa.en
dc.description.abstractThis paper puts forth (and documents) an argument that the escalating military spending at the expense of non-military public spending is steadily undermining the critical national objective of public-capital formation (both physical and human) and that, if not stopped, the resulting trend will stint long term productivity and economic growth, as it erodes both physical and soft/social infrastructure. An equally high opportunity cost of the colossal Pentagon budget in terms of forgone or neglected public infrastructure (roads, bridges, mass transit, dams, levees, and the like) is vulnerability in the face of natural disasters, as evidenced, for example, by the recent devastation of Hurricane Katrina.en
dc.description.sponsorship(This paper was presented at the annual conference of American Society of Business and Behavioral Science, Las Vegas, February 23-25, 2006.)en
dc.format.extent94984 bytes
dc.publisherAmerican Society of Business and Behavioral Scienceen
dc.subjectArmed forces--Appropriations and expenditures.en
dc.subjectMilitarism--Economic aspects.en
dc.subjectEmergency management--United States--Political aspects.en
dc.subjectMilitary-industrial complex--United States.en
dc.subjectHurricane Katrina, 2005.en
dc.title"Social vs. Military Spending: How the Pentagon Budget Crowds out Public Infrastructure and Aggravates Natural Disasters—the Case of Hurricane Katrina"en

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    Publications submitted by the faculty members of the Department of Economics.

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