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On the Cost of Violence and the Benefit of Peace

Author

Listed:
  • Brauer Jurgen

    (Augusta State University and Chulalongkorn University, jbrauer@aug.edu)

  • Dunne John P

    (University of the West of England, Bristol and University of Cape Town, john2.dunne@uwe.ac.uk)

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.

Suggested Citation

  • Brauer Jurgen & Dunne John P, 2011. "On the Cost of Violence and the Benefit of Peace," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(2), pages 1-12, January.
    • Handle: RePEc:bpj:pepspp:v:16:y:2011:i:2:n:6
    DOI: 10.2202/1554-8597.1209
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    References listed on IDEAS

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    1. del Castillo, Graciana, 2008. "Rebuilding War-Torn States: The Challenge of Post-Conflict Economic Reconstruction," OUP Catalogue, Oxford University Press, number 9780199237739.
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    Cited by:

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    2. Ali Hamid E., 2011. "Military Expenditures and Human Development: Guns and Butter Arguments Revisited: A Case Study from Egypt," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 17(1), pages 1-21, September.

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    More about this item

    Keywords

    violence; war; postconflict; peace;
    All these keywords.

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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