Economics of Defence

This three-volume set presents over 100 influential articles in defence economics, which have been selected for their enduring value and importance and for their contribution to an understanding of the field. Topics covered in Volume One include definitions of the field of defence economics, an examination of the demand side of defence economics, including the demand for military expenditures and the study of alliances, and an exploration of the impacts of defence spending on growth and development. Volume Two examines the supply side of the subject, and covers the military production function, military personnel and weapon procurement. The supply side is further addressed in Volume Three, which covers the defence industrial base, learning curves, costs, pricing and profits, industrial policies and the arms trade. This volume also discusses disarmament, conversion, peace and public policy and concludes with a section on non-conventional conflicts such as terrorism, insurrections and revolutions. The contributors include A. Alchian, D.P. Baron, E. Benoit, M. Intriligator, J.-J. Laffont, M. McGuire, M. Olson, L. Richardson, R. Smith and G. Stigler.