January 10, 2015

The Revolving Door and the Entrenchment of the Permanent War Economy

  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Thomas Duncan

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Find at SSRN.com 

This paper analyzes the “revolving door” phenomena in the military sector in the United States. The revolving door refers to the back-and-forth movement of personnel between the government and private sector. We trace the historical and economic reasons behind the emergence of this phenomenon and discuss the related perverse consequences, including the perpetuation of the permanent war economy which serves the narrow interests of select elites rather than the broad interests of citizens.