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Cost-Benefit Analysis

The Fighter Jet and the State: A Tale of Two Systems

A critical analysis of how defense procurement decisions reveal deeper theories of state value, sovereignty, and economic welfare through the lens of two contrasting fighter jet programs.

The Imperial Balance Sheet – Part 1: The Question Parliament Avoided

On the evening of June 12, 1879, Mr. Smollett rose in the House of Commons and read aloud a table that nobody wanted to hear. India's fiscal deficit over the previous seven years had reached £34.5 million. The empire, he argued, had been living beyond its income. The speeches that followed were long, brilliant, and ultimately inconsequential. This series begins where they left off.