Synopses & Reviews
Hartley presents students, academics, researchers, policy-makers, andprofessionals working in the aerospace industry in variety of capacities with a political and economic analysis of variousaerospace industries throughout the globe. The author has organized the main body of his text in fourteen chapters focused on aerospacemarkets, the economics of technical progress, a public choice analysis, industry conduct and performance, and a variety of otherrelated subjects. Keith Hartley is a retired faculty member of the University of York, UK.Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
Aerospace is often viewed as a key high-technology industry, important for a nation's future growth prospects and international competitiveness. This book presents an economic and political analysis of the world's aerospace industries and their performance. Keith Hartley uses examples from most of the world's significant aerospace industries, especially across the USA, UK and Europe. The emphasis on political economy reflects the continuing influence of government on the fortunes of the industry. He presents chapters on aerospace markets, technical progress, industry structure, conduct and performance, a case study of BAE Systems, public choice analysis, the case for subsidies, procuring military aircraft, international collaboration, as well as an insight into future prospects. He concludes that the future aerospace firm will be radically different, but governments will continue to dominate the industry. The Political Economy of Aerospace Industries will appeal to undergraduate and graduate students in industrial and defence economics, public choice and policy courses. It will also be of interest to researchers, policy-makers and those involved in the industry in various different capacities.