Military Economics: The interaction of power and money

Military power needs to be financed and economic development is often shaped by military conflict, thus the interaction of military and economy, power and money is central to the modern world. A new book from Professor Ron Smith provides an accessible introduction to the economics of the use of organised force, with a wide range of historical and current examples.

"This outstanding book makes an original contribution to the economic analysis of the military sector. The author uses his extensive knowledge of the field to present a highly readable, non-technical and scholarly treatment of why money matters to the military. This is a classic text in applied economics." said Professor Keith Hartley, University of York.

Ron Smith is Professor of Applied Economics at Birkbeck, University of London, where he teaches econometrics and statistics. He has written extensively on applied econometrics and defence economics. He sits on the editorial boards of Defence and Peace Economics and the Journal of Peace Research and is an Associate Fellow of the Royal United Services Institute.

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