Of the expence of defence': What has changed since adam smith?

Jurgen Brauer

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This essay selectively reviews the history of economic thought on war and peace, starting with Adam Smith. Today, Smith's trickle of thoughts has become a broad marshland. In this marshland, however, discrete currents are apparent - some stronger, some weaker - which this essay identifies, in rough chronological order, as war, defense, conflict, military, security, and peace economics. As these terms often are used interchangeably, one purpose of the essay is to more clearly delineate these intellectual currents and differentiate them from each other. By building canals in the marshlands as it were, the aim is to help all flows of contributions become stronger.

Original languageEnglish (US)
Article number20170012
JournalPeace Economics, Peace Science and Public Policy
Issue number2
StatePublished - Apr 1 2017
Externally publishedYes


  • conflict economics
  • defense economics
  • military economics
  • peace economics
  • security economics

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics and Econometrics
  • Political Science and International Relations
  • Management, Monitoring, Policy and Law


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