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This work addresses new directions in research on the economic
theory of conflict, the cost of war, and the benefits of peace. A
collection of 17 papers drawing on contributors from all
continents, the volume is divided into four sections. The first
discusses novel ways to think about the economics of conflict and
peace from theory perspectives. These include discussions of
conflict from the perspectives of standard neoclassical analysis
and economic geography. An especially interesting paper in this
section addresses conflict in the context of the emerging theory of
international public finance. A second section deals with military
expenditures, economic/human development and economic growth in the
US and developing nations of Asia and Africa. The volume enters new
territory in sections three and four. Section three contains a set
of papers on the economic cost of war and war's aftermath,
significantly expanding economists' rather modest efforts to date.
Section four is concerned with how the concepts of economics might
be operationalized and institutionalized to foster security.
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