By Ron Smith
ISBN-10: 023024467X
ISBN-13: 9780230244672
ISBN-10: 0230337171
ISBN-13: 9780230337176
Military strength has to be financed and financial improvement is usually formed through army clash, hence the interplay of army and economic system, energy and funds is principal to the fashionable international. This publication presents an available creation to the economics of using equipped strength, with a variety of historic and present examples.
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Extra info for Military Economics: The Interaction of Power and Money
Sample text
For instance, it can be difficult to judge the extent to which the threat can be countered by the use of military capability. In The Utility of Force, General Sir Rupert Smith (2005) examines the use of military force to achieve one’s purpose. The book attracted a lot of attention and his scepticism about the current effectiveness of military power led to it being labelled by some as ‘the futility of force’. Some threats can be deterred by military preparations, Power and Money 27 others cannot.
The exact form of this institutional transmission mechanism is society specific. Who matters in different countries can be quite different. For instance, unlike most legislatures, the US Congress has great power over the details of the military budget: determining whether a particular piece of equipment is produced or not or whether a particular military base is closed or not. In most countries there is inter-service rivalry between the army, navy and air force. This rivalry is partly for roles and resources.
This was reported in New Scientist, 30 August 2008 and prompted correspondence about the interpretation of this choice. This may have been because 9/11 changed their estimates of the probabilities; people expected more attacks on aircraft. However, people do seem to fear flying more than driving, despite the probabilities suggesting flying is much safer. This may be because of salience, air crashes get more publicity than car crashes; because of circumstances, people feel they have more control when driving; or because of preferences, people would rather die on their own, as is usual in a car crash, rather than with lots of other people, as is usual in a plane crash.
Military Economics: The Interaction of Power and Money by Ron Smith
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