The Economic Analysis of Defense
Choice Without Markets
ResearchPublished 1958
The application of some of the more general concepts and propositions of economic theory to military decisionmaking, with particular attention given to the allocation of scarce resources for research among competing uses. Research on defense problems must be carefully defined by the construction of a preference ordering, a knowledge-getting process to discover more about alternatives. In turn, this knowledge suggests new objectives and instrumentalities to make a preference ordering possible in the face of inherent uncertainties. Objectives of this research must be appropriately modest by measuring our desire for ever better decisions against the limited resources available to improve these decisions.
Document Details
- Copyright: RAND Corporation
- Availability: Available
- Year: 1958
- Print Format: Paperback
- Paperback Pages: 20
- Paperback Price: $15.00
- Document Number: P-1582
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Hoffman, Fred, The Economic Analysis of Defense: Choice Without Markets, RAND Corporation, P-1582, 1958. As of September 13, 2024: https://www.rand.org/pubs/papers/P1582.html
Hoffman, Fred, The Economic Analysis of Defense: Choice Without Markets. Santa Monica, CA: RAND Corporation, 1958. https://www.rand.org/pubs/papers/P1582.html. Also available in print form.
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