The Economics of Defense

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Paperback | 17 July 1995

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404 Pages

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22.86 x 15.24 x 2.29

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Defense economics is the study of both defense and peace issues, using the tools of modern economics. It covers a range of issues, including nuclear proliferation, resource disputes, environmental externalities, ethnic conflicts, and terrorism, all of which present grave threats to peace and security. In a post-Cold War world military and political dangers are probably more numerous and more complex than ever before. In response, policy makers and researchers are increasingly applying economic techniques and insights to improve our understanding of the issues. The economics of defense provides a comprehensive evaluation of the literature in an up-to-date, unified survey. The authors apply both microeconomic and macroeconomic methods of analysis, including static optimization, growth theory, dynamic optimization, comparative statics, game theory, and econometrics. The book includes chapters on the study of arms races, alliances and burden sharing, economic warfare, the arms trade, weapon procurement policies, defense and development, defense industries, arms control agreements, disarmament, and conversion. The authors take stock of what has been done in the field to date, and pinpoint areas needing further analysis and empirical work. This is the first book to integrate and synthesize this broad literature. It will be essential reading for students, practitioners, and researchers in the field of defense economics.

Industry Reviews

This is an excellent survey, extremely comprehensive and judicious, by two authors who clearly not merely know the literature but also understand the underlying issues. Professor Ron Smith, Birkbeck College, London This book establishes a new standard of excellence in the defense and peace economics field for breadth and depth of coverage and accessibility. An excellent balance has been struck between rigor and discussion. The book will appeal to a wide audience. Professor Charles Anderton, College of the Holy Cross

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You Can Find This Book In

Non-Fiction Economics International Economics Warfare & Defence Political Economy Politics & Government International Relations Arms Negotiation & Control Economic History

Preface	p. xi
Defense economics: an introduction	p. 1
Alliances, defense demand, and arms races	p. 17
The economic theory of alliances	p. 19
The demand for military expenditures	p. 52
Arms races	p. 73
Defense inputs, industrial base, and growth	p. 111
Procurement: theories, evidence, and policies	p. 113
Military manpower	p. 156
Defense and the industrial base	p. 177
Economic growth, development, and military expenditures	p. 200
Defense policies, trade, disarmament, and conversion	p. 221
Industrial and alliance policies	p. 223
The arms trade	p. 242
Arms control and disarmament	p. 260
Conversion	p. 284
New developments and future directions	p. 303
Nonconventional conflict: revolutions, guerrilla warfare, and terrorism	p. 305
Conclusions and research agenda for the future	p. 336
References	p. 347
Author index	p. 377
Subject index	p. 382
Table of Contents provided by Syndetics. All Rights Reserved.

The Economics of Defense

At a Glance

Paperback

Industry Reviews

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How to return your order

Defective items

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