military economics the interaction of power and money
military power and conflict have fuelled economic growth throughout history . money matters to the military ; it is needed to finance war and the desire to acquire it is often the motive for fighting . this book examines the interaction of economics and conflict it explains the economic concepts used and illustrates them with a range of military examples both contemporary and historical . among the many links explored lies the undeniable fact that fighting and finance are often both driven by the same basic human motives fear and greed . br military economics draws on technical literature to provide an accessible introduction to security military expenditures the arms industry military operations and the economic consequences of defence spending . it raises current debates about the optimal size of the defence budget and examines how it is used to acquire forces troops and weapons . the book examines how these forces are used to provide maximum military capability and the potential to prevail in combat . economic issues are central to the preparation for war which involves balancing resources and commitments . by exploring the interaction between the military and economy power and money ron smith provides an insightful contribution to military planning which becomes essential to the modern world . this book will be indispensable reading forall interested in defence economics war studies andpeace studies . br