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....

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...

Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how...