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Augustine, costs and defense industries

Author

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  • Keith Hartley

    (University of York, U.K.)

Abstract

Augustine weapons systems are presented as a new class of economic good. Their distinguishing characteristics are identified in the form of advanced technology, inter-generational cost escalation and small quantities. A distinction is made between cost increases between generations of weapons and falling unit costs within a generation of equipment. The impact of Augustine weapons on learning curves is assessed and the article concludes with an evaluation of Augustine systems for the future defense industrial base.

Suggested Citation

  • Keith Hartley, 2022. "Augustine, costs and defense industries," Economics of Peace and Security Journal, EPS Publishing, vol. 17(1), pages 30-36, April.
  • Handle: RePEc:epc:journl:v:17:y:2022:i:1:p:30-36
    DOI: 10.15355/epsj.17.1.30
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    File URL: https://www.epsjournal.org.uk/index.php/EPSJ/article/view/367
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    More about this item

    Keywords

    Augustine weapons; cost escalation; aircraft; decreasing cost industries; learning curves; defence industry future;
    All these keywords.

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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