The alarm raised by the jump in subprime mortgage defaults has deflected attention away from a serious problem that afflicts many homeowners with subprime and prime mortgages alike: a significant share of all outstanding mortgages have adjustable interest rates, and the majority of these will...

This essay presents an extended defense of the general theory of law formulated by the Bolshevik jurist, Evgeny Pashukanis, and published in his Law and Marxism: A General Theory in 1924. The general theory is a theory of the legal form. Although Pashukanis did not name his theory, it has become...

The present article discusses the implications of ballistic missile defense systems for the stability and security of the Northeast Asian region. The paper aims to find out whether the ballistic missile defense systems contribute to the stability and security of the region, or are rather...

The concept of the 'military-industrial complex'- which describes an alliance between a nation's military troops, its defense industry as its main supplier, and parts of the political apparatus - is already commonly used when speaking about the US situation. The paper investigates whether the...

Using global data for the period 1960-99, Collier and Hoeffler estimate neighborhood arms races. They find that the level of military expenditure is strongly influenced by the expenditure of neighbors. The authors estimate an quot;arms race multiplier,quot; finding that an initial exogenous...

Scholars have estimated demand functions for national defense spending and investigated international arms trade for a long time. The relationship between supply and demand for military goods has, however, only been examined on aggregate level or in formal models yet. I investigate how the...