Opportunities for Reform

Marcus Matthias Keupp ()
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Marcus Matthias Keupp: Military Academy

Chapter Chapter 5 in Defense Economics, 2021, pp 115-134 from Springer

Abstract: Abstract In principle, any economic system can be reformed in two ways: by changing the existing inventory of institutions or by replacing this inventory with an alternative one (Buchanan and Tullock 1962; Buchanan 1990). A military organization can try to implement reforms within the planned economy system, or it can abandon this system and adopt an alternative instead. However, reforms within a planned economy system are possible only to a limited extent.

Date: 2021
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DOI: 10.1007/978-3-030-73815-0_5

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