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Self-defence economics vs military economics

Summary:
Yesterday, I gave a presentation to the Canberra Security Economics Network. Central point: *Self-defence is special, military expenditure is not* Spelling this out *The need to defend the country against invasion, air attack or naval blockade involves existential risk Any other use of military power should be assessed in terms of (opportunity) costs and benefits Compared to alternative public or private expenditures Share this:Like this:Like Loading...

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Yesterday, I gave a presentation to the Canberra Security Economics Network. Central point:

*Self-defence is special, military expenditure is not*

Spelling this out

*The need to defend the country against invasion, air attack or naval blockade involves existential risk

  • Any other use of military power should be assessed in terms of (opportunity) costs and benefits

Compared to alternative public or private expenditures

John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

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