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Opportunity Costs of Defence: A Comment on Dabelko and McCormick

Author

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  • Carl Hampus Lyttkens

    (Department of Economics, University of Lund)

  • Claudio Vedovato

    (Department of Economics, University of Lund)

Abstract

A critical appraisal is made of an article in this journal by Dabelko and McCormick. In the article, the authors try to estimate the opportunity cost of defence. With simple tools from economic analysis it is shown that their methodological approach reveals a fundamental misunderstanding of this important and useful concept. In the final section, some difficulties encountered when attempting a correct empirical analysis of opportunity costs are briefly discussed, and some of the important factors to consider are pointed out.

Suggested Citation

  • Carl Hampus Lyttkens & Claudio Vedovato, 1984. "Opportunity Costs of Defence: A Comment on Dabelko and McCormick," Journal of Peace Research, Peace Research Institute Oslo, vol. 21(4), pages 389-394, December.
    • Handle: RePEc:sae:joupea:v:21:y:1984:i:4:p:389-394
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    Cited by:

    1. Onur Ozsoy, 2002. "Budgetary Trade-Offs Between Defense, Education and Health Expenditures: The Case of Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 129-136.
    2. Economou Emmanouil M.L. & Kyriazis Nicholas C., 2016. "Choosing Peace Instead of War. A Lesson from Athenian Democracy," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 22(2), pages 191-212, April.

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