Defence economics is a relatively new field within the discipline of economics. It studies all aspects of the economics of war and peace, and embraces a wide range of topics in both macroeconomics and microeconomics. In this series, theory, empirical and policy issues will be addressed within the broad area of defence and peace economics. Examples include the relationship between defence spending and growth, and the determinants of defence spending. The classic 'guns versus butter' choice problem will be addressed, as well as assessments of the efficiency of a nation's defence spending and its defence industries. Data problems and the challenge of measuring defence output and determining whether it is a worthwhile investment will be reviewed. Other topics to be covered include: the economics of military alliances; public goods; arms races: theory and evidence; arms markets; arms industries; arms exports; procurement policy; technical progress and spillovers. Further analysis will embrace defence departments and the armed forces; military production functions; internal efficiency; military outsourcing; military and civilian personnel; human capital; training costs and returns to training; recruitment and retention; transferability of military skills and assets.
General Editor: Keith Hartley, University of York
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