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The Economics of Defense (Cambridge Surveys of Economic Literature)
 
 
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The Economics of Defense (Cambridge Surveys of Economic Literature) (Paperback)

~ (Author), Keith Hartley (Author) "Defense policy is entering a period of momentous change that necessitates the application of rigorous economic analysis if resources are to be allocated efficiently among..." (more)
Key Phrases: nonconventional conflict, defense spillins, new civil markets, Soviet Union, United States, Warsaw Pact (more...)
4.0 out of 5 stars  See all reviews (1 customer review)

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Editorial Reviews

Review

"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, Holy Cross College


Product 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.

Product Details

  • Paperback: 404 pages
  • Publisher: Cambridge University Press (May 26, 1995)
  • Language: English
  • ISBN-10: 0521447283
  • ISBN-13: 978-0521447287
  • Product Dimensions: 9 x 6 x 1.1 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon.com Sales Rank: #736,625 in Books (See Bestsellers in Books)

More About the Author

Todd Sandler
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Inside This Book (learn more)
First Sentence:
Defense policy is entering a period of momentous change that necessitates the application of rigorous economic analysis if resources are to be allocated efficiently among competing goals in both the defense and civilian sectors. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonconventional conflict, defense spillins, new civil markets, defense equipment markets, pure public good model, nonmilitary public sector, joint product model, demand for military expenditures, real military expenditures, defense output, deters line, exploitation hypothesis, sufficient missiles, arms race models, net social surplus, rivalry model, ith ally, civilian earnings, civil firms, weapons acquisition process, nonconventional forms, defense sales, defense demand, defense levels, missile stocks
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Soviet Union, United States, Warsaw Pact, Prisoner's Dilemma, Middle East, World War, Vietnam War, Third World, United Nations, West Germany, Eastern Europe, South Korea, Triple Entente, United Kingdom, Department of Defense, New Zealand, Triple Alliance, Western Europe, British Aerospace, General Dynamics, Gulf War, Saudi Arabia, Single European Market, Ypersele de Strihou, Free Trade Area
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3 of 4 people found the following review helpful:
4.0 out of 5 stars Helpful., September 17, 2002
Nice review. However, the competition in the realm of defense/defence economics books is scarce. So don't look around that's it. It provides a balanced and objective description of the economics of defense. It's a bit too old and concetrates on UK. It offers some international comparison, but for that it's better to read some more recent working paper.
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