Definition of 'Defence economics'

Field of national economic management concerned with the economic effects of military expenditure, the management of economics in wartime, and the management of peacetime military budgets.

 

In the Dark

Posted in: Defence economics

Henry Ergas laments the absence of public debate on defence spending.

Last year was not a good year for the business of equipping and arming Australia's defence forces − at least in PR terms. Not only did long−troubled projects like the guided missile frigate upgrade and the replacement of the RAAF's air defence command and control system make headlines for all the wrong reasons, but several more recent defence projects went off the rails.


Some Economic Aspects of the Weapons Systems Acquisition Process

Posted in: Defence economics

Defence is and will in the foreseeable future continue to be a large consumer of Australia's resources.