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...

Acknowledgments; 1 Introduction; 2 Bearing the Financial Burden of War; 3 Partisan Politics in the Early Wars: Conflicts of 1798, 1812, and 1898; 4 The "Liberty Bond" Approach to War Finance: World Wars I and II; 5 From Taxation to Borrowing: Declining Fiscal Sacrifice in Korea and Vietnam; 6...

Is it really three trillion? -- The costs to the nation's budget -- The true cost of caring for our veterans -- Costs of war that the government doesn't pay -- The macroeconomic effects of the war -- Global consequences -- Exiting Iraq -- Learning from our mistakes : reforms for the future --...