Defence Economics

This Element presents the recent history of defence economics using a non-technical approach ideal for both economists and general readers.

This Element introduces defence economics. It presents the recent history of the subject and its range of coverage. Traditional topics covered include models of arms races, alliances, procurement and contracting, personnel polices, industrial policies and disarmament. Newer areas covered include terrorism and the economics of war and conflict.This Element introduces students, policy-makers, politicians, governments and business-people to this new discipline within economics. It presents the recent history of the subject and its range of coverage. Traditional topics covered include models of arms races, alliances, procurement and contracting, as well as personnel policies, industrial policies and disarmament. Newer areas covered include terrorism and the economics of war and conflict. A non-technical approach is used and the material will be accessible to both economists and general readers.