The Economics of Defense

Description

Defense economics examines both peace and defense issues, using such macroeconomic and microeconomic tools as growth theory, static optimization, dynamic optimization, comparative statics, game theory and econometrics. This book provides an up-to-date survey of the field of defense economics, synthesizing and unifying the vast literature in this area. Many aspects of defense, disarmament, conversion and peace are examined; both demand and supply issues of defense spending are analyzed.

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