This book identifies the typical questions raised by economists when studying defence policy, shows how simple economic analysis can be used to answer these questions and provides a critical evaluation of defence policy. This pioneering work subjects the myths, emotion and special pleading which dominate defence debates to the close scrutiny of economic analysis and critical appraisal.

This valuable contribution should be of interest to undergraduates, postgraduates and researchers focusing on defence economics, as well as those working in the military, defence ministries and defence industries.

Contents
List of figures
List of tables
Preface
Abbreviations
1 Economics and defence policy: an overview
2 How do economists analyse defence?
3 The case for defence
4 Defence budgets
5 The determinants of defence expenditure
6 Economics, politics and public choice analysis
7 Equipment procurement policy
8 NATO and equipment standardisation
9 The European Union: defence markets and industries
10 The European Defence Technological and Industrial Base
11 Evaluating international collaborative projects
12 The UK defence industrial base
13 Personnel policy
14 Economics of military outsourcing
15 Economics of the new security environment: terrorism, conflict, disarmament and peace
16 Conclusion
Questions
Notes
References
Index

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