November 16, 2008

Swords and Crisco

I was editing a thesis and came across this figure:


Apparently this is a well-known model in macroeconomics that indicates the relationship between a nation's expenditures on civilian goods and military goods. Wikipedia seems unclear as to the origin of the term - guns make sense, but butter? Why would that food be picked over all foods to represent civilian interests? Butter's hardly a staple food for any society, not like potatoes in Ireland or pasta in Italy or rice in China.

0 comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Design by Free WordPress Themes | Bloggerized by Lasantha