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Defense economics: Achievements and challenges

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  • Keith Hartley

    (University of York)

Abstract

Defense economics is now an established part of economics. This article reviews its achievements as represented by papers published in the research journal Defense and Peace Economics. The range of topics in the journal is reviewed, especially since 2000, and major gaps in coverage are identified. A changing research agenda reflects new developments such as terrorism and international peacekeeping. Gaps remain such as the need for good quality case studies of conflict (e.g., Iraq) and of major weapons projects (e.g., F-22 Raptor). Some challenges are outlined, namely, the choices resulting from the defense economics problem, the U.K.'s nuclear weapons policy, project case studies (e.g., Eurofighter Typhoon), military outsourcing, and data problems.

Suggested Citation

  • Keith Hartley, 2007. "Defense economics: Achievements and challenges," Economics of Peace and Security Journal, EPS Publishing, vol. 2(1), pages 45-50, January.
    • Handle: RePEc:epc:journl:v:2:y:2006:i:1:p:45-50
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/41
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    Citations

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    Cited by:

    1. Christopher Coyne, 2015. "Lobotomizing the defense brain," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(4), pages 371-396, December.
    2. Steele, Brett D, 2014. "A rational calculus of war and peace: Applying the ROI objective function to military strategy," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 4(1), pages 1-34.

    More about this item

    Keywords

    Defense economics;

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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