This Element introduces students, policy-makers, politicians, governments and business-people to this new discipline within economics. It presents the recent history of the subject and its range of coverage. Traditional topics covered include models of arms races, alliances, procurement and...

The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and...

Contents: Preface -- 1. War is a racket: in memory of Smedley Butler -- 2. The causes of war -- 3. War versus peace: the outcome of a binary process -- 4. Imperialism as an enterprise -- 5. Wars of aggression and false flags -- 6. War profiteering, the military-industrial complex and the deep...