Klappentext

This Element presents an economic analysis of Augustine's Laws and Weapons Systems. It explores and evaluates their economic content and subjects them to critical analysis. The Element is both theoretical and empirical and the empirical work uses an original UK data set on military aircraft over the period 1934 to 1964. The period embraces major technical changes involving war and peace and the shift to jet powered aircraft.

Inhalt

1. Overview; 2. A brief history of the aircraft and aerospace industries; 3. Augustine's laws; 4. Augustine's weapons: alternative approaches; 5. The ministry of defence viewpoint; 6. Augustine weapons systems: what are they?; 7. Causes; 8. Data used in this study; 9. Literature review; 10. Evidence on cost escalation; 11. Cost overruns on civil projects; 12. Unit cost curves; 13. Trainer aircraft; 14. Empirical results; 15. A critique; 16. Future challenges; 17. Overall conclusions; Statistical appendix: Appendix I; Appendix II; References.