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The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
Military Keynesianism is an economic policy based on the position that government should raise military spending to boost economic growth. It is a fiscal stimulus policy as advocated by John Maynard Keynes .
A military policy is created through the military policy process of making important organisational decisions, including the identification of priorities and different alternatives such as defence personnel and technology programs or budget priorities, and choosing among them on the basis of the impact they will have on the overall national development.
The judgement of a field commander in battle over military necessity and proportionality is rarely subject to domestic or international legal challenge unless the methods of warfare used by the commander were illegal, as for example was the case with Radislav Krstic who was found guilty as an aider and abettor to genocide by International Criminal Tribunal for the former Yugoslavia for the ...
The Federalists argued that civilian control of the military required a strong central government under a single constitution. Alexander Hamilton wrote: “If a well-regulated militia be the most natural defense of a free country, it ought certainly to be under the regulation and at the disposal of that body which is constituted the guardian of ...
Military acquisition or defense acquisition is the "bureaucratic management and procurement process", [1] dealing with a nation's investments in the technologies, programs, and product support necessary to achieve its national security strategy and support its armed forces. Its objective is to acquire products that satisfy specified needs and ...
Military administration identifies both the techniques and systems used by military departments, agencies, and armed services involved in managing the armed forces. It describes the processes that take place within military organisations outside combat, particularly in managing military personnel, their training, and services they are provided with as part of their military service.
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...