The Economics of Department of Defense Base Closures

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