The Economics of Defense

Synthesizes and unifies all aspects of the economics of defense, including disarmament, conversion and peace.

Todd Sandler (Author), Keith Hartley (Author)

9780521447287, Cambridge University Press

Paperback, published 18 May 1995

404 pages, 37 b/w illus. 18 tables
23.1 x 15.3 x 2.4 cm, 0.6 kg

'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.' Charles Anderton, College of the Holy Cross

This compelling book provides an up-to-date survey of the field of defense economics, the study of defense and peace issues, with the application of economic analysis and methods. The subject embraces both microeconomics and macroeconomics, taking into account such features as growth theory, comparative statistics, game theory and econometrics. A wide range of topics are addressed, including all aspects of the economics of defense, disarmament, conversion and peace. The implications of different organizational forms and their performances are examined, considering the efficient management of defense resources budgets and internal markets in the armed forces. In this groundbreaking volume, Sandler and Hartley synthesize and unify the vast literature on defense economics and peace science.

1. Defense economics: an introduction
Part I. Alliances, Defense Demand and Arms Races: 2. The economic theory of alliances
3. The demand for military expenditures
4. Arms races
Part II. Defense Inputs, Industrial Base and Growth: 5. Procurement: theories, evidence and policies
6. Military manpower
7. Defense and the industrial base
8. Economic growth, development and military expenditures
Part III. Defense Policies, Trade, Disarmament and Conversion: 9. Industrial and alliance policies
10. Arms trade
11. Arms control and disarmament
12. Conversion
Part IV. New Developments and Future Directions: 13. Nonconventional conflict: revolutions, guerrilla warfare and terrorism
14. Conclusions and research agenda for the future.

Subject Areas: Political economy [KCP]