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Economics of strategic defense and the global public good

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  • Martin C. Mcguire *

Abstract

To deserve serious consideration, a strategic defense system must pass four tests: (1) it must be technically feasible . (2) It must preserve the war avoidance stability of mutual deterrence. (3) It cannot be so expensive that an adversary can cheaply overwhelm it. (4) It must be politically feasible . Historically, proposed strategic defenses have failed all four tests. But recent changes could make strategic defense prospectively viable if provided as a global public good. Rather than defense to advance individual national interests, universal missile defense to limit damage globally may pass all four tests. Historically, Mutual Assured Survival has been postulated as a substitute for MAD deterrence. But a global defensive system would mean we can have both mutual survival and mutual deterrence.

Suggested Citation

  • Martin C. Mcguire *, 2004. "Economics of strategic defense and the global public good," Defence and Peace Economics, Taylor & Francis Journals, vol. 15(1), pages 1-25, February.
    • Handle: RePEc:taf:defpea:v:15:y:2004:i:1:p:1-25
    DOI: 10.1080/1024269042000164469
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    References listed on IDEAS

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    1. Hirshleifer,Jack, 2001. "The Dark Side of the Force," Cambridge Books, Cambridge University Press, number 9780521804127, January.
    2. Sandler,Todd & Hartley,Keith, 1995. "The Economics of Defense," Cambridge Books, Cambridge University Press, number 9780521447287.
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    Cited by:

    1. Anderton,Charles H. & Carter,John R., 2009. "Principles of Conflict Economics," Cambridge Books, Cambridge University Press, number 9780521875578, December.

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