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Orthodox economics models defense as a public good provided by a central nation state. This approach abstracts away from the diverse institutions and processes individuals use to provide defense in the actual world. This paper frames defense as a polycentric system whereby dispersed groups of...
Persistent link: https://www.econbiz.de/10012863202
State-provided defense is a form of non-comprehensive government planning subject to two inherent problems. The first is the “knowledge problem” of how to allocate scarce resources to their highest-valued uses. The second is the “power problem” due to the discretionary power granted to...
Persistent link: https://www.econbiz.de/10012913709
National defense is the textbook example of a public good. In order to understand how economists present public goods to undergraduates, we analyze 50 texts from across three widely taught undergraduate economics courses: principles of economics, intermediate microeconomics, and public finance....
Persistent link: https://www.econbiz.de/10012997471
Economists often model national defense as a pure public good optimally provided by a benevolent and omnipotent "defense brain" to maximize social welfare. I critically consider five assumptions associated with this view: (1) that defense and security is a pure public good that must be provided...
Persistent link: https://www.econbiz.de/10013032783
This paper provides a critical analysis of public good justification for national defense and empire. Social scientists have made a serious error in taking the public goods approach because they have drained economics from the exercise. Liberals who have embraced the Samuelsonian logic as the...
Persistent link: https://www.econbiz.de/10014356734
Economists model state-provided defense as a value-added, public good. The actual government provision of defense, however, is a “black box” that is rarely analyzed. This chapter contributes to opening this black box by analyzing the U.S. defense budget. We provide an institutional...
Persistent link: https://www.econbiz.de/10012925200
What role do whistleblowers play in democratic politics? This paper answers this question by analyzing the political economy of whistleblowing within democratic political institutions. Democratic politics is characterized by numerous principal-agent problems creating significant space for...
Persistent link: https://www.econbiz.de/10012911833
This paper explores the interventionist mindset required for success under the U.S. government's foreign policy strategy of liberal hegemony. This approach to foreign policy contains an inherent tension. Its adherents claim a commitment to liberal values but successfully implementing the...
Persistent link: https://www.econbiz.de/10013002491
U.S. military contracting has been plagued by systematic corruption, fraud, and waste during both times of peace and war. These outcomes result from the inherent features of the U.S. military sector which incentivize unproductive entrepreneurship. The military sector is characterized by an...
Persistent link: https://www.econbiz.de/10013003385
This paper focuses on some of the overlooked costs of war-related public research. We discuss two unseen consequences of war-related public science. The first is the distortionary effect of government-influenced research on academic disciplines. The second is the opportunity cost of the...
Persistent link: https://www.econbiz.de/10012957791