Resource Allocation and Defense Planning in Retrospect and Prospect
A retrospective view of resource allocation and defense planning is presented as a review of a landmark book written nearly twenty years ago: The Economics of Defense in the Nuclear Age, by Charles Hitch and Roland McKean, 1960. Although Hitch — McKean have met remarkably well the test of time, omissions and commissions are discussed from the vantage point of the present. Several topics are addressed: increasing competition for public sector resources; possibly increasing real costs in defense industry in the midst of an inflation-prone economy; the growing relevance of energy policy in defense planning; the new importance of foreign exchange markets and exchange rate uncertainty in the planning and deployment of forward based forces; and new opportunities provided by technological developments for capital — labor substitutions in the planning of defense forces. Finally, the paper suggests that implementation analysis will and should receive greater attention in future defense planning studies.
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- Copyright: RAND Corporation
- Availability: Available
- Format: Paperback
- Pages: 14
- List Price: $20.00
- Price: $16.00
- Document Number: P-6330-1
- Year: 1979
- Series: Papers
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