In This Review

The Economics of National Security
The Economics of National Security
By Lee D. Olvey, James R. Golden and Robert C. Kelly
Avery, 1984, 404 pp.

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.