Preparing for Peace
The website of the Westmorland General Meeting 'Preparing for Peace' initiative
The Education Programme
SCHEME OF WORK 2
THE ECONOMICS OF THE ARMS TRADE-TEACHERS NOTES
To find out more about the economics of the arms trade.
To use the arms trade as a Case-Study to examine some economic principles.
Text of shortened version of Samuel Brittan’s lecture.
Sixth form General Studies OR A Level Economics group
“The arms trade is an export trade like any other.”
What points would you make to counter this statement?
“If we stop the arms industry lots of jobs will be lost and unemployment would rise.”
What points would you make to counter this statement? What would you say to workers in one of the towns mentioned in the lecture?
4. “Can we justify bribing people to buy arms they may not need with money their taxpayers cannot afford, simply to inflate the
number of jobs in a declining industry?” (J Roeber)