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The economics of disarmament is a new discipline. It involves analyses on the economic causes of the arms race, the … definitions of disarmament and the economic determinants and military expenditure. Simultaneously, disarmament is considered as an … obstacle to economic development, a peace dividend or an investment. The construction of economic models of disarmament …
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This chapter defines defense economics and indicates how it differs from other subfields of economics. The nature and topics of defense economics are presented. A brief history of the field is also reviewed. The current importance of defense economics in the post-cold war era is discussed....
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