Augustine, Costs and Defense Industries

Author:

Hartley Keith

Abstract

Augustine weapons systems are presented as a new class of economic good. Their distinguishing characteristics are identified in the form of advanced technology, inter-generational cost escalation and small quantities. A distinction is made between cost increases between generations of weapons and falling unit costs within a generation of equipment. The impact of Augustine weapons on learning curves is assessed and the article concludes with an evaluation of Augustine systems for the future defense industrial base.

Publisher

Economists for Peace and Security

Subject

Management of Technology and Innovation,Political Science and International Relations,Economics, Econometrics and Finance (miscellaneous)

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