In a world continuously beset by conflict and violence, the positive study of international security and defense has developed rapidly over the past decade as a cohesive discipline within economics. Part of the cause for this trend is the revolutionary effects of globalization and its new...

The end of the Cold War has increased the relative importance of economic causes and consequences of arms transfers. Unfortunately, there is surprisingly little theoretical and empirical development of the economics of arms trade, making it a sub-field of defense economics ripe for foundational...

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...