Economic Aspects of Military Research and Development

by Kenneth Arrow

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Treating development of new military items as an economic service analogous to services rendered by commodities traded on private markets, RAND suggests areas for empirical inquiry when recommending changes to the allocation of development resources.

This report is part of the RAND Corporation Document series. The RAND Document (D), a product of the RAND Corporation from 1948 to 1970, was an internal working paper written as a step in a continuing study within RAND, which could be expanded, modified, or withdrawn at any time.

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