The Impact of Arms Reduction on Research and Development.

by Richard R. Nelson

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An attempt to explore the effects of arms reduction on research and development and implications for public policy. The spending of the Department of Defense and the Atomic Energy Commission in defense programs is used as the measure of defense-related R&D. The key to the problem probably lies more in effective fiscal and monetary policy than in anything else. If handled wisely, the freeing of R&D resources could be one of the most important economic benefits of disarmament.

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