A fascinating fact about defence budgets is that no matter what the changes in the strategic situation the proportion of the budget assigned to each of the three armed services hardly changes at all – proof, if any were needed, that defence policy is the product not of rational decision-making but of bureaucratic processes.

Member of the Advisory Council

Professor Colin Robinson is a member of the Advisory Council to the Institute of Economic Affairs and is the Chair of Economics at the University of Surrey. Colin is the sole or joint author of over 25 books and monographs and about 160 journal papers, including studies of the international oil, coal and gas markets, North Sea oil and gas, nuclear energy in Britain, British energy policy, privatisation, utility regulation and the British water industry. He continues to write regularly and is now Emeritus Professor of Economics.