Military Economics The Interaction of Power and Money

by Smith, Ron

• ISBN13: 9780230228535
• ISBN10: 0230228534
• Format: Hardcover
• Copyright: 2009-12-15
• Publisher: Palgrave Macmillan

Summary

Military power needs to be financed and economic development is often shaped by military conflict, thus the interaction of military and economy, power and money is central to the modern world. This book provides an accessible introduction to the economics of the use of organised force, with a wide range of historical and current examples.

Author Biography

Ron Smith is Professor of Applied Economics at Birkbeck, UK.

Table of Contents

List of Figures and Tables	p. vii
Preface	p. viii
Introduction	p. 1
Economics	p. 3
The military	p. 8
Values	p. 9
Facts	p. 11
Theories	p. 14
Outline	p. 17
Power and Money	p. 19
Producing security	p. 24
Militarism	p. 28
Economic concepts	p. 30
Uncertainty	p. 38
Economic-security interactions	p. 46
Security: Are We Safe?	p. 54
National security	p. 61
Global security	p. 65
War	p. 71
Oil	p. 80
Arms races and arms control	p. 84
Military Spending: How Much Is Enough?	p. 88
Military budgets	p. 89
Motives for arming	p. 95
Economic functions of the defence budget and US military spending	p. 99
Hard choices: UK and France	p. 102
An arms race: India and Pakistan	p. 107
Military prices	p. 111
Military accounts and balance sheets	p. 113
Force Acquisition I, Demand: The Biggest Bang for a Buck?	p. 118
Labour	p. 119
Weapons procurement	p. 123
Technology	p. 132
Force Acquisition II, Supply: Merchants of Death?	p. 138
The arms industry: DIB or MIC?	p. 139
The arms trade	p. 143
Military Capability: How to Win?	p. 149
Force employment	p. 149
Morale	p. 152
Logistics	p. 153
Peacekeeping	p. 155
Economic Choices: Swords or Plowshares?	p. 159
Budget constraints	p. 160
Economic effects	p. 164
echnological spin-off	p. 165
Economic warfare	p. 168
Understanding Military Economics	p. 172
Acknowledgements	p. 179
Abbreviations	p. 180
References	p. 182
Index	p. 188
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