First published in 1979. The report of the Labour Party Defence Study Group, which met from early 1975 to mid-1977, represents a unique attempt to portray defence policy in the context of disarmament and the need to restructure and control the institutions of defence - in particular the defence industry.

Acknowledgements; Foreword Olof Palme; Introduction Mary Kaldor, Dan Smith and Steve Vines; Part One: The Study Group Report; Foreword Ron Hayward; Introduction Ian Mikardo; 1. Why Cut Defence Spending? A Summary of the Arguments 2. Current Defence Effort and the Necessary Level of Cuts 3. Defence Expenditure and the Economy 4. The Strategic and Political Implications of Defence Cuts 5. Creating New Jobs 6. The Arms Trade; Part Two: The Study Group Papers; 1. Observations on the Proposal to Align UK Defence Expenditure with the Average Percentage Spent on Defence by the FRG, Italy and France Paul Cockle 2. Defence Programme Options to 1980-1 (and Postscript) David Greenwood 3. Note on the Budget Approach and a Programme Which Retains in the UK Nuclear Strategic and Economic Implications Alan Lee Williams 4. Strategic and Political Implications of Reduced Defence Programmes Dan Smith 5. Military Expenditure and the Economy 6. Note on the Military Expenditure and National Product: UK and Certain Other Countries Frank Blackaby 7. The Resource Cost of Military Expenditure Ron Smith 8. Defence Costs and the Defence Industry Mary Kaldor 9. The Employment and Other Economic Consequences of Reduced Defence Spending (and Postscript) David Greenwood 10. Note on the Employment Consequences of a £1,000 Million Cut (at 1974 Prices) in Military Expenditure Over Five Years Frank Blackaby 11. Military Expenditure Cuts: Note on the Transfer of Resources Frank Blackaby 12. Aspects of Conversion of Arms Industries Dan Smith 13. Alternative Employment for Naval Shipbuilding Workers: A Case Study of the Resources Devoted to the Production of the ASW Cruiser Mary Kaldor and Albert Booth 14. Tornado: Cancellation, Conversion and Diversification in the Aerospace Industry Dan Smith 15. Community Planning and Base Conversion Dan Smith 16. The Lucas Aerospace Corporate Plan Steve Vines 17. The Vickers Proposals: Building a Chieftain Tank and the Alternative Use of Resources The Vickers National Combine Committee of Shop Stewards; Part Three: The Ministerial Response; Study into Defence Spending - Summary of Conclusions John Gilbert, John Tomlinson and James Wellbeloved; Appendices; Notes on Contributors; Index