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    Military Economics: The Interaction of Power and Money (Hardback) By (author) Ron Smith

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    DescriptionMilitary power and conflict have fuelled economic growth throughout history. Money matters to the military; it is needed to finance war and the desire to acquire it is often the motive for fighting. This book examines the interaction of economics and conflict, it explains the economic concepts used, and illustrates them with a range of military examples, both contemporary and historical. Among the many links explored lies the undeniable fact that fighting and finance are often both driven by the same basic human motives, fear and greed. 'Military Economics' draws on technical literature to provide an accessible introduction to: security, military expenditures, the arms industry, military operations and the economic consequences of defence spending. It raises current debates about the optimal size of the defence budget and examines how it is used to acquire forces, troops and weapons. The book examines how these forces are used to provide maximum military capability, and the potential to prevail in combat. Economic issues are central to the preparation for war, which involves balancing resources and commitments. By exploring the interaction between the military and economy, power and money, Ron Smith provides an insightful contribution to military planning, which becomes essential to the modern world. This book will be indispensable reading for all interested in defence economics, war studies and peace studies.

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  • Full bibliographic data for Military Economics

    Military Economics
    The Interaction of Power and Money
    Authors and contributors
    By (author) Ron Smith
    Physical properties
    Format: Hardback
    Number of pages: 210
    Width: 140 mm
    Height: 216 mm
    Thickness: 12 mm
    Weight: 392 g
    ISBN 13: 9780230228535
    ISBN 10: 0230228534

    B&T Book Type: NF
    Nielsen BookScan Product Class 3: T5.4
    BIC E4L: WAR
    B&T Merchandise Category: TXT
    B&T Modifier: Region of Publication: 03
    BIC subject category V2: KCP, JWK
    B&T General Subject: 180
    Ingram Subject Code: BE
    Libri: I-BE
    B&T Modifier: Academic Level: 02
    Warengruppen-Systematik des deutschen Buchhandels: 17830
    BISAC V2.8: POL023000, BUS023000, BUS069010, BUS070000
    LC subject heading:
    BIC subject category V2: JWLP, JWXF, JWJ
    LC subject heading:
    DC22: 338.4/7355
    LC classification: HD9743.A2 S65 2009
    LC subject heading: , ,
    DC22: 338.47355
    LC subject heading:
    LC classification: 2009042127
    LC subject heading:
    Thema V1.0: KCP, JWK, JWLP, JWXF, JWJ
    Illustrations note
    1, black & white illustrations
    Palgrave MacMillan
    Imprint name
    Palgrave MacMillan
    Publication date
    15 December 2009
    Publication City/Country
    Author Information
    RON SMITH is Professor of Applied Economics at Birkbeck, UK where he teaches econometrics and statistics. He has written extensively on applied econometrics and defence economics and is on the editorial boards of Defence and Peace Economics and the Journal of Peace Research and is an Associate Fellow of the Royal United Services Institute.
    Review quote
    'The mathematical and statistical language of defence and peace economics has long been incomprehensible to many students of security and the military. In Military Economics, Britain's leading defence economist resolves this with an accessible synthesis of the technical literature and provides an authoritative survey of the key interactions between military power and money. This book is essential reading for academics and practitioners interested in relationships between the military dimensions of economics and conflict.' - Professor Matt Uttley, King's College London, UK 'This outstanding book makes an original contribution to the economic analysis of the military sector. The author uses his extensive knowledge of the field to present a highly readable, non-technical and scholarly treatment of why money matters to the military. This is a classic text in applied economics.' - Keith Hartley, University of York, UK 'This is an excellent and long needed book on the complex and important issues of military economics. It is comprehensive, accessible, well written and incisive, and will become an essential reference for professionals, politicians, activists, academics and students as well as the informed lay person. A real tour de force by an academic at the peak of his powers.' - J Paul Dunne, Professor of Economics, The British University, Egypt and UWE, Bristol
    Table of contents
    Introduction Economics The Military Values Facts Theories Power and Money Producing Security Militarism Economic Concepts Uncertainty Economic-Security Interactions Security: Are we Safe? Individual Security National Security Global Security War Oil Arms Races and Arms Control Military Spending: How Much is Enough? Measures of Military Expenditure Motives for Arming Economic Functions of US Military Spending Hard Choices: UK and France An Arms Race: India and Pakistan Military Prices Military Balance Sheets Force Acquisition I, Demand: The Biggest Bang for a Buck? Labour Weapons Procurement Technology Force Acquisition II, Supply: The Merchants of Death? The Arms Industry Evolution of the Arms Trade Regulation Military Capability: How to Win? Force Employment Morale Logistics Peacekeeping Economic Choices: Swords or Plowshares? Budget Constraints Economic Effects Technological Spin-off Economic Warfare Understanding Military Economics Acknowledgements, Abbreviations, References, Index