A nation's wealth is both an object of conquest to covetous aggressors and a resource to its owners for self defense. To maintain autonomy every country must mount a defense which either makes its capture (1) more expensive than any aggressor can afford, or (2) more expensive than it is worth to...

Recent international conflicts have resurrected concerns about how to manage supply disruptions or sudden escalation of need for energy, and other critical imports such as vaccines or military components. Prominent proactive measures include support of domestic production and accumulation of...

Since the 1960s Olson-Zeckhauser's (1966) analysis, its 'exploitation of the great by the small' has provided economists' core model of alliance's provision of security/defense. But with the end of the Cold War, countries' allocative behavior has diverged markedly from OZ's predictions for...

Often an economic agent dissatisfied with an endowed distribution of utilities desires to optimize this distribution by transferring income or resources across individuals or states of the world. This multi-state optimization theme recurs in a wide variety of economic contexts, ranging across...

This brief introduction celebrates the 20th Anniversary of the Journal, Defence and Peace Economics. Suggesting elements of an agenda for the future of this branch of economics, I raise several topics that are new and that seem to indicate that the field will expand and shift focus substantially...

A useful anticipation of defense economics must rest upon the dramatic, continuing, and confusing upheaval in the functions of military forces in the world of the coming century. This essay tries to reflect the staggering array of new features which impact on the provision of national defense...