This major reference work is a comprehensive critical guide to the large and growing literature on the economics of defence, disarmament and peace. It covers the cost of defence spending and its effects on growth, investment, unemployment, technical change and other aspects of a nation's economic performance. It includes material on the determinants of defence spending namely defence budgets, programme budgeting and procurement policy. It also deals with the economic impact of arms limitation, disarmament and the conversion from military production to products with peaceful uses.