These papers demonstrate how different kinds of analytical approach can be used to anticipate the economic repercussions of systematic reduction of military spending. It is of interest to economists, scholars in peace studies and international relations, and government officials dealing with disarmament issues and economic restructuring.

John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.

On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.

This Element introduces students, policy-makers, politicians, governments and business-people to this new discipline within economics. It presents the recent history of the subject and its range of coverage. Traditional topics covered include models of arms races, alliances, procurement and contracting, as well as personnel policies, industrial policies and disarmament. Newer areas covered include terrorism and the economics of war and conflict. A non-technical approach is used and the material will be accessible to both economists and general readers.

Case studies of the defence industry in developing countries and newly industrializing countries - covers the political development context, military expenditures and military research, employment and production, types of weapons and military equipment, economic implications of weapons exports and relationships with foreign policy, etc.; considers the UN weapons embargo on South Africa R. Bibliography, diagrams, graphs, references, statistical tables.

Success has been hard to attain in recent years in multilateral disarmament and arms control work. Political problems exist, but they are not the sole problem. Obstacles to progress can be the unintended consequences of past practice, or they can stem from the complex challenges those involved must deal with. Aspects of multilateral disarmament practice compound cognitive challenges that individuals face in managing their perceptions and interactions with others. While there is no way to ensure success in disarmament endeavours, multilateral practitioners can improve the chances by recognising and harnessing cognitive diversity, as humanitarian perspectives in disarmament processes have shown. This book discusses practical suggestions to help achieve this.

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.