The Economics of Department of Defense Base Closures

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The Economics of Department of Defense Base Closures
In its most basic element, economist David Colander explains that economics examines how producers and consumers use scarce resources in an attempt to satisfy their unlimited wants (Colander, 2004). Over the past decade, and most recently with the announcement of the Efficient Facilities Initiative, the Department of Defense has forged ahead with a plan to complete multiple rounds of military base closures in order to conserve scarce Defense Department funds and resources. Despite the events of 9/11, which serv…