Defence policy is of continuing interest and concern to all nations. There are armed conflicts and new threats. Difficult choices cannot be avoided. This book has three aims. First, to identify the typical questions raised by economists when studying defence policy. Second, to show how simple economic analysis can be used to answer these questions and contribute to our understanding of defence issues. Third, to provide a critical evaluation of defence policy.
Preface 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. The Economics of Military Outsourcing 15. The Economics of the New Security Environment: Terrorism, Conflict, Disarmament and Peace 16. Conclusion