PD Dr. Peter T. Baltes To my wife, my (academic & military) teachers, my family and my friends
Online: * August 2012
Still, the economics of defense is widely unknown to the public. Furthermore, there
seems to be some misunderstandings about the functions / purpose this approach serves
in regard to military decisions / actions. This assessment has motivated the creation
of this site. In particular, the latter seeks to fulfill fiveprincipal tasks:
It offers a (very short) introduction to the economics of defense focusing on the
relationship between this discipline and general economics.
The site also seeks to highlight the value of military economics by illustrating
the main functions of this discipline for military decisions / actions. In addition,
an overview of the corresponding research topics is provided.
It is hoped that this also increases the acceptance for this discipline in the general
It presents some of the research results obtained during my time as a lecturer at
the Swiss Military Academy (2008-2012).
Finally, it offers an outlook to the textbook in “Economics in Defense” that will
hopefully be published in 2014.