Every so often an academic book comes along which is not only
powerfully analytical and deeply informative but also encapsulates
the author's lifetime research interests. Authored by one of the
UK's most eminent economists, Keith Hartley's latest book on the
aerospace industry offers the reader an authoritative and
fascinating insight in to a global industry of immense economic and
strategic importance. This book will be essential reading for
academic scholars, government policy-makers and aerospace industry
practitioners alike.' - Derek Braddon, UWE, Bristol, UK'This is an
important book about an important industry. Aerospace is a highly
political and politicised industry that has often seemed immune to
normal commercial practices;. Professor Hartley has turned powerful
set of economic tools on the sector and calls into question some of
the facile arguments that have often been used to justify
government support for some economically dubious projects. He is
especially forthright on the problematic area of military aerospace
collaboration in Europe.' - Keith Hayward, Head of Research, Royal
Aeronautical Society, UK 'This is the definitive book on the
political economy of the aerospace industry by the world's leading
scholar on the subject. This is a must read for anyone studying
defence economics or who is interested in the aerospace industry.
It is clear, concise, and informative.' - Todd Sandler, University
of Texas at Dallas, US Aerospace is often viewed as a key
high-technology industry, important for a nation's future growth
prospects and international competitiveness. This book presents an
economic and political analysis of the world's aerospace industries
and their performance. Keith Hartley uses examples from most of the
world's significant aerospace industries, especially across the
USA, UK and Europe. The emphasis on political economy reflects the
continuing influence of government on the fortunes of the industry.
He presents chapters on aerospace markets, technical progress,
industry structure, conduct and performance, a case study of BAE
Systems, public choice analysis, the case for subsidies, procuring
military aircraft, international collaboration, as well as an
insight into future prospects. He concludes that the future
aerospace firm will be radically different, but governments will
continue to dominate the industry. The Political Economy of
Aerospace Industries will appeal to undergraduate and graduate
students in industrial and defense economics, public choice and
policy courses. It will also be of interest to researchers,
policy-makers and those involved in the industry in various
different capacities. Contents: Preface 1. Introduction: An
Important Industry? 2. An Overview of the World Aerospace Industry
3. Aerospace Markets 4. The Economics of the Aerospace Industry 5.
The Economics of Technical Progress 6. Industry Structure 7.
Industry Conduct and Performance 8. A Company Case Study. BAE
Systems: Achievements, Rivals and Prospects 9. A Public Choice
Analysis 10. A Case for Subsidy? 11. Buying Military Aircraft 12.
The Political Economy of International Collaboration: An Overview
of Benefits and Costs 13. International Collaboration: The Reality
14. Future Prospects Index
General
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