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Defense economics and international security

In: Handbook of Defense Economics

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  • McGuire, Martin C.

Abstract

Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how each country's security interacts and fits in with the security of all nations in the international system. Included in Defense Economics are such overarching questions as: definition of what security actually is; how resource scarcity, distribution, and stage of economic development influences the security obtainable by each nation in the international system; relationships between defense sectors and national economies within and across countries; efficiency in provision of security; incentive structures which promote or resolve conflict; institutional arrangements which promote or retard peace, stability, and equity.

Suggested Citation

  • McGuire, Martin C., 1995. "Defense economics and international security," Handbook of Defense Economics,in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 2, pages 13-43 Elsevier.
  • Handle: RePEc:eee:hdechp:1-02
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    Cited by:

    1. Emmanuel Athanassiou, 2003. "The internal control constraint on compliance," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 413-424.
    2. Jim Rolfe & Arthur Grimes, 2002. "Australia-New Zealand Defence Cooperation: Some Considerations," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 9(1), pages 47-64.
    3. Hausken, Kjell, 2006. "Jack Hirshleifer: A Nobel Prize left unbestowed," European Journal of Political Economy, Elsevier, vol. 22(2), pages 251-276, June.
    4. Charles Anderton, 2003. "Economic theorizing of conflict: Historical contributions, future possibilities," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(3), pages 209-222.
    5. Itay Ringel & Asher Tishler, 2011. "The Government Budget Allocation Process and National Security: An Application to the Israeli–Syrian Arms Race," Chapters,in: Handbook on the Economics of Conflict, chapter 6 Edward Elgar Publishing.

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