This CIMR Debate in Public Policy was stimulated by the publication of Ron Smith’s book on defence acquisition and procurement. Our panel was comprised of experts from across the defence landscape – from the MoD, academia, industry and the Royal Miliary College of Science. As the debate demonstrated, the topic is controversial and provokes argument.
Tag: defence industry
New Book: Defence Acquisition and Procurement, by Ron Smith
In his new book, prof. Ron Smith provides an economic analysis of why major weapons systems tend to be delivered late, over budget and unable to meet requirements: how the market structure, demand by the military and supply by the arms firms, shapes the conduct of the agents and generates the poor performance observed.