Opportunity Costs of Defence
A Comment on Dabelko and McCormick
Bibliographic Data
| ID | 5143333 |
|---|---|
| Authors | Carl Hampus Lyttkens (0000-0002-6286-124X, Department of Economics, University of Lund), Claudio Vedovato (Department of Economics, University of Lund) |
| Year | 1984 |
| Volume | 21 |
| Issue | 4 |
| Pages | 389-394 |
| Publication date | 1984-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Peace Research (JOURNAL) |
| Journal identifiers | ISSN: 0022-3433 • E-ISSN: 1460-3578 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/002234338402100406 |
| OpenAlex | W2139539378 |
| Language | EN |
| Citations received | 5 |
| References cited | 7 |
A critical appraisal is made of an article in this journal by Dabelko and McCormick. In the article, the authors try to estimate the opportunity cost of defence. With simple tools from economic analysis it is shown that their methodological approach reveals a fundamental misunderstanding of this important and useful concept. In the final section, some difficulties encountered when attempting a correct empirical analysis of opportunity costs are briefly discussed, and some of the important factors to consider are pointed out
Business · Critical appraisal · Economics · Engineering ethics · Epistemology · Law and economics · Management science · Neoclassical economics · Operations research · Opportunity cost · Positive economics · Risk analysis (engineering) · Section (typography) · Simple (philosophy) · Computer Science · Defense, Military, and Policy Studies · Economic theories and models · Engineering · Fiscal Policy and Economic Growth · Medicine
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,12 |
| Citation span | 1984 - 2016 (33) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |