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.
• Provides an up-to-date survey of the field of defense economics, useful as an introduction to the subject and synthesis of the literature • Broad enough orientation to encompass peace science and conflict studies, and suitable as a textbook for a course on defense economics • Only book of its kind to analyse arms race models, military manpower, and nonconventional forms of conflict
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 is an excellent survey, extremely comprehensive and judicious, by two authors who clearly not merely know the literature but also understand the underlying issues.' 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.' Charles Anderton, College of the Holy Cross