What is the Economics of Defence?

Introduction The economics of defence or defence economics is a subfield of economics, an application of the economic theory to the issues of military defence. It is a relatively new field. An early specialised work in the field is the RAND Corporation report The Economics of Defence in the Nuclear Age by Charles J. Hitch… Read More

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Keep the Initiative…

“Whether in attacking, counterattacking, or defensive tactics, the idea of attacking should remain central, to always keep the initiative.” Vo Nguyen Giap (1911 to 2013) Võ Nguyên Giáp was a general in the Vietnam People’s Army and a politician. He is considered one of the greatest military strategists of the 20th century.