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Defence Economics

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Abstract

Defence economics is a new field of economics. Its development and research agenda have reflected current events. Examples include the superpower arms race of the cold war, disarmament following the end of the cold war, international terrorism, peacekeeping and conflict. A brief history is presented; the field is defined and the facts of world military spending are outlined; the defence economics problem, namely, the need for difficult choices, is considered; and conflict and terrorism are used to illustrate some of the new developments in the field.

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Author information

Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Keith Hartley & Martin C. McGuire

Authors
  1. Keith Hartley
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  2. Martin C. McGuire
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© 2018 Macmillan Publishers Ltd.

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Hartley, K., McGuire, M.C. (2018). Defence Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_417

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