The Economics of National Security

In This Review

The Economics of National Security

By Lee D. Olvey, James R. Golden and Robert C. Kelly
Avery, 1984
404 pp. $35.00
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This book fills an important need: a comprehensive examination of the relationship between economic theory and practice, and defense spending and resource allocation. The product of a West Point team, it should be of value not only for advanced classroom use but for many who are well beyond academe. Economic analysis is applied in a lucid, yet sophisticated, way to such areas as defense capital and labor markets, mobilization, interdependence and vulnerability in foreign trade.