The Political Economy of National Defense (Hardcover)

The Political Economy of National Defense By William J. Weida, Franklin L. Gertcher Cover Image

The Political Economy of National Defense (Hardcover)

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This timely and wide-ranging study covers both the economic and the political aspects of defense spending--first by providing a theoretical framework and then by explaining, in a political economy context, the results of decisions to allocate scarce resources to defense. In doing so, the authors provide a comprehensive picture of the interaction between defense spending and the economic and political structure of the United States, complementing their exploration of topical concerns such as SDI with analysis of long-term trends and issues of timeless importance in the defense debate. Because of the politicizing of defense planning and procurement, there have been few significant applications of optimization techniques to high-level defense issues over the past decade. As a result, there has been a rapid decline in the importance of those techniques--historically the focus of books on defense economics. Like its predecessors, this book presents optimization techniques applicable to a wide variety of defense problems, but it also illustrates what happens in actual practice and why defense decisions are often not economically efficient. The authors discuss alternatives for cases when political constraints make efficient solutions unlikely and explore changes in the defense establishment and political structures that would make economically efficient resource allocations a reality.
William J. Weida is associate professor at The Colorado College, Colorado Springs, Colorado. Frank L. Gertcher is senior research specialist at R&D Associates, Colorado Springs, Colorado.
Product Details ISBN: 9780367294939
ISBN-10: 0367294931
Publisher: Routledge
Publication Date: June 30th, 2020
Pages: 248
Language: English