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The new and updated edition of Microeconomic Policy provides an excellent blend of theory and application to foster understanding of economic-based policy making. The book is eclectic in its approach and addresses a rich set of current applications. It is an ideal book for teaching microeconomic-based policy analysis to students. Todd Sandler, University of Texas at Dallas, US Designed for students who have already encountered the microeconomic principles, this valuable text focusses effectively on their policy implications, imbuing the apparently dry theory with its insights for the general welfare. William J. Baumol, New York University, US and Princeton University, US A distinctive featur...
This book explains how the arms industry makes its money. Keith Hartley offers an authoritative nontechnical introduction to the economics of arms industries and considers future trends, such as whether arms industries are better under state or private ownership, and how they can meet the challenge of new threats in different forms.
NATO is facing a unique crisis questioning its existence and future. This book provides a detailed in-depth economic and critical analysis of the issues. It considers whether NATO has a future and what it might look like 70 years ahead. NATO is undergoing a process of dramatic change, reorganising its functions, funding and strategic responsibilities to address growing regional and global threats. This book not only explores the contentiousness of economic and financial burden-sharing and the associated political and diplomatic stresses involved in the pursuit of common strategic objectives, but contributes to a further debate concerning the expanded scope and roles of the Alliance in the 21st century. This book combines NATO’s political controversies, complexities and conflicts with a treatment of the underlying theoretical economic frameworks. This book is essential reading for students in military staff colleges, university International Relations and Strategic Affairs Departments, but also to those working in government defence establishments, independent think tanks and political and economic institutions, generally.
This book makes an original contribution to our knowledge of the world’s major defence industries. Experts from a wide range of different countries – from the major economies of North America and Western Europe to developing economies and some unique cases such as China, India, Singapore, South Africa and North Korea – describe and analyse the structure, conduct and performance of the defence industry in that country. Each chapter opens with statistics on a key nation’s defence spending, its spending on defence R&D and on procurement over the period 1980 to 2017, allowing for an analysis of industry changes following the end of the Cold War. After the facts of each industry, the auth...
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Great Power competition is back. On the two sides of the Atlantic, however, this concept often means different things. While the United States is focused on China, Europe is preoccupied with Russia. Yet shifting American priorities toward Asia requires reconceptualizing the future role of NATO. In Europe, this shift has led to serious thought about how to achieve strategic autonomy that will allow Europe to guarantee its own security regardless of strategic choices made in Washington. As Chinese strategy focuses on dividing European actors and making them more economically dependent on Beijing, these developments may undermine Washington’s influence in Europe while limiting potential Europ...
Conflict economics contributes to an understanding of violent conflict in two important ways. First, it applies economic analysis to diverse conflict activities such as war, arms races, and terrorism, showing how they can be understood as purposeful choices responsive to underlying incentives. Second, it treats appropriation as a fundamental economic activity, joining production and exchange as a means of wealth acquisition. Drawing on a half-century of scholarship, this book presents a primer on the key themes and principles of conflict economics. Although much work in the field is abstract, the book is made accessible to a broad audience of scholars, students and policymakers by relying on historical data, relatively simple graphs and intuitive narratives. In exploring the interdependence of economics and conflict, the book presents current perspectives of conflict economics in novel ways and offers new insights into economic aspects of violence.
Through the early works of Andy Warhol and Eduardo Paolozzi, this book traces the development of their deep fascination with the machine. Looking at the way that both artists began in the late 1940s and the years following, the book illustrates their fascination with popular culture and the methods that they used in creating their art. Common to all their methods of making works was their hand-made quality. Only in the 1960s did the artists make the step to mechanical means to create their own artworks, resulting in the iconic images that are integral to our culture. As Warhol said of himself, there is only surface, with nothing underneath. AUTHOR: Keith Hartley is Chief Curator and Deputy D...
The Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention. The economics of conflict is a relatively new branch of the discipline of economics. Conflict provides opportunities for applying game theory involving strategic behaviour, interactions and interdependence betweenadversaries. The Handbook demonstrates that conflict and its prevention is costly; it considers new dimensions such as ethnic cleansing, destructive power, terrorism, corruption, the impact of new technology, peacekeeping, the role of economists in defence ministries and the use of privatecontractors in conflict.
This volume provides a policy-relevant analysis of the complex web of contemporary economic trends, political developments and strategic considerations that are shaping the contours of the new post-Cold War world market for weaponry.