April, 2019

State-Provided Defense as Noncomprehensive Planning

  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Abigail Hall

    Associate Professor of Economics at Bellarmine University
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State-provided defense is a form of non-comprehensive government planning subject to two inherent problems. The first is the “knowledge problem” of how to allocate scarce resources to their highest-valued uses. The second is the “power problem” due to the discretionary power granted to those in the managerial-administrative state to plan military-related policies and resource allocations. We discuss these dual problems in the context of the U.S. defense sector.