Abstract
Among economists, there seems to exist an unfortunate lack of understanding of the complexities of war and violence and the effects on economy and society. The cost of the 2008/9 world economic and financial crisis, for example, amounted to a world GDP decline of much less than one percent in 2009 - far smaller than the cost that violence imposes. This lack of understanding has created problems in the design of preconflict-, conflict-, and postconflict policies, leaving a sometimes unrecognized legacy of violence and loss. This essay deals with some of the economic issues involved.
Original language | English (US) |
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Article number | 6 |
Journal | Peace Economics, Peace Science and Public Policy |
Volume | 16 |
Issue number | 2 |
DOIs | |
State | Published - Dec 2010 |
Keywords
- peace
- postconflict
- violence
- war
ASJC Scopus subject areas
- Sociology and Political Science
- Economics and Econometrics
- Political Science and International Relations
- Management, Monitoring, Policy and Law