This is a well-studied field, but you're right to question the underlying assumptions. This paper models human capital, future investment and national security [1], this paper [2] talks about the complementarity of consumption and national defense. This book starts out with the same assumptions I am making, but I can't speak to its overall conclusions bc I haven't read it [3]. More accessible article https://www.industryweek.com/finance/software-systems/articl...
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This is a well-studied field, but you're right to question the underlying assumptions. This paper models human capital, future investment and national security [1], this paper [2] talks about the complementarity of consumption and national defense. This book starts out with the same assumptions I am making, but I can't speak to its overall conclusions bc I haven't read it [3]. More accessible article https://www.industryweek.com/finance/software-systems/articl...
[1] https://www.tandfonline.com/doi/abs/10.1080/10242694.2018.14...
[2] https://www.tandfonline.com/doi/abs/10.1080/10242694.2014.89...
[3] https://www.jstor.org/stable/26268663?seq=1