This timely and wide-ranging study covers both the economic and the political aspects of defense spending—first by providing a theoretical framework and then by explaining, in a political economy context, the results of decisions to allocate scarce resources to defense. In doing so, the authors provide a comprehensive picture of the interaction between defense spending and the economic and political structure of the United States, complementing their exploration of topical concerns such as SDI with analysis of long-term trends and issues of timeless importance in the defense debate. Because of the politicizing of defense planning and procurement, there have been few significant applications of optimization techniques to high-level defense issues over the past decade. As a result, there has been a rapid decline in the importance of those techniques—historically the focus of books on defense economics. Like its predecessors, this book presents optimization techniques applicable to a wide variety of defense problems, but it also illustrates what happens in actual practice and why defense decisions are often not economically efficient. The authors discuss alternatives for cases when political constraints make efficient solutions unlikely and explore changes in the defense establishment and political structures that would make economically efficient resource allocations a reality.

The Political Economy of National Security is the only text on the market that analyzes the economic dimensions of national security. Given the specialization of writings in international relations, authors tend to treat "security studies" and "political economy" as separate spheres with no apparent linkage. By probing the interface between economics and security, this text offers a deeper understanding of both.

A contemporary and comprehensive analysis of national and supranational defence governance in an uncertain and increasingly dangerous world. This book will appeal to policymakers, analysts, graduate students and academics interested in defence economics, political economy, public economics and public policy.

This bibliography focuses on books and articles dealing with the interplay of wealth and power in the context of national security policy, emphasising on the economic instruments of statecraft that are used to pursue national security goals and examining the politics of economic cooperation.

Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.