The Economics of Defense in the Nuclear Age : RAND Corporation , 1960
The Economics of Defense in the Nuclear Age : RAND Corporation , 1960
From the summary: “Military problems are, in one important aspect, economic problems in the efficient allocation and use of resources. In this connection it should be recognized that economics is not exclusively concerned with financial or industrial activities, and it does not refer to scrimping, i.e., to reducing expenditures no matter how important are the things to be bought. Rather, economics is concerned with allocating resources – choosing doctrines, equipment, techniques, and so on – so as to get the most out of available resources.”
Authors - McKean, Roland N., Hitch, Charles J.Subjects
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