Military power needs to be financed and economic development is often shaped by military conflict, thus the interaction of military and economy, power and money is central to the modern world. This book provides an accessible introduction to the economics of the use of organized force, with a wide range of historical and current examples.

RON SMITH is Professor of Applied Economics at Birkbeck, UK, where he teaches Econometrics and Statistics. He has written extensively on applied econometrics and defence economics and is on the editorial boards of Defence and Peace Economics and the Journal of Peace Research and is an Associate Fellow of the Royal United Services Institute.