The Economics of Defense in the Nuclear Age

by Charles Johnston Hitch, Roland N. McKean

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Abstract

A discussion of the contribution of analysis to military policy planning in the nuclear age in terms of the most efficient allocation of available resources. Economic problems are considered at each of three levels: the quantity of national resources available, now and in the future; the proportion of these resources allocated to national security purposes; and the efficiency with which the resources so allocated are used by the defense departments. Alternative policies existing at each level are also considered.

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