Citation

Franck RE, Hildebrandt GG. Def. Peace Econ. 1994; 5(1): 37-50.

Copyright

(Copyright © 1994, Informa - Taylor and Francis Group)

DOI

10.1080/10430719408404778

PMID

unavailable

Abstract

The defense establishments of all major powers are changing to reflect changes in the foundations of national security strategy and resource allocation. The authors believe economists should play an active role in formulating these changes and offer an orientation to the U.S. debate, presenting three major alternatives: the “Base Force” (Bush Administration), Mr. Aspin's Force “C,” and the “Low” Alternative (Prof. Kaufmann and Dr. Steinbruner). These alternatives are compared using first-order measures of capabilities, budgets and risk. Budgetary estimates are based on newly-developed analytical tools.