Brauer, Jurgen; Marlin, John Tepper - In: Journal of Economic Perspectives 6 (1992) 4, pp. 145-164
As a proportion of gross national product, U.S. military spending has declined steadily since the mid-1980s. The end of the Cold War has given rise to calls for even more cuts in military spending. In early 1992, President George Bush proposed to reduce military spending by 3 percent per year,...
