This textbook examines the economic problems of military organizations from an institutional perspective. On the contrary, the challenge of defense economics analysis and armed forces management is reduced to a fundamental economic problem, and solutions to this problem are offered.
PD Dr. Marcus Matthias Keupp leads the Department of Defense Economics at the Military Academy of the Swiss Federal Institute of Technology. An economist by training, he specializes in interdisciplinary work with a strong focus on empirical methods, grounding his approach in institutional theory. His academic achievements won numerous awards and honorable mentions.
Introduction: The Fundamental Economic Problem of the Military.- Institutions and Armed Forces.- Effectiveness of Military Performance.- Efficiency of Military Performance.- Opportunities for Reform.
