The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Arms Races

  • R. P. Smith
Living reference work entry

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DOI: https://doi.org/10.1057/978-1-349-95121-5_396-1
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Abstract

Just as supply and demand curves have structured thinking about markets, most recent analytical work on arms races has been structured by two equations proposed by Lewis Fry Richardson (1881–1953), a Quaker and Fellow of the Royal Society, known also for his publications on meteorology and his quantification of war. His studies, begun during the First World War, only gained wider recognition with the posthumous publication of two books collecting his work, Richardson (1960a, b). His theories are reviewed in Rapoport (1957) and some biographical details are given in Richardson (1957).

Keywords

Demand Curve Military Expenditure Econometric Application Eventual Outbreak Biographical Detail 
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Bibliography

  1. Desai, M., and N. Blake. 1981. Modelling the ultimate absurdity: A comment on ‘a quantitative study of the strategic arms race in the missile age’. Review of Economics and Statistics 63(4): 629–632.CrossRefGoogle Scholar
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Copyright information

© The Author(s) 1987

Authors and Affiliations

  • R. P. Smith
    • 1
  1. 1.