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.
Nice review. However, the competition in the realm of defense/defence economics books is scarce. So don't look around that's it. It provides a balanced and objective description of the economics of defense. It's a bit too old and concetrates on UK. It offers some international comparison, but for that it's better to read some more recent working paper.
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