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Defense and Military Expenditures
Government Budgets Deficit
Unemployment and the Role of Labor
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advanced capitalist countries advanced capitalist system agricultural Arthur Okun banking billion bipartisan consensus Britain capital Carter competition cost-push inflation crease currencies debt defense expenditures defense spending deficit financing demand-pull inflation Democrats devaluation dollar East-West trade economists export surplus fact fiscal drag fiscal policy full employment German German Democratic Republic Gosbank growth higher important income distribution increases in labor industrial interest rates International investment tax credit Japan Japanese Keynes Keynesian labor force labor productivity lectures ment military spending monetary and fiscal monetary policy monopoly multinational corporation Nixon oligopolies OPEC passive deficit Paul Samuelson percent Phillips curve planning political postwar pre-Keynesian President programs Proposition 13 rate of profit realization problem recent recession reduce reparations result rise role service sector sluggish small family farm socialist Soviet Union tend tion U.S. economy underdeveloped countries unemployed unemployment rate USSR Vietnam wages weakness West Germany Western Europe World