The Economics of Defense [Paperback]

Synthesizes and unifies all aspects of the economics of defense, including disarmament, conversion and peace.Defense economics examines peace as well as 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.Defense economics examines peace as well as 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.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.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. This book establishes a new standard of excellence in the defense and peace economics field for breadth and dlCá