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The Contribution of Economic Methodology to our Understanding of Terrorism

Author

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  • Wassim N. Shahin

    (Department of Economics, Depauw University, Greencastle, Indiana 46135, U.S.A)

  • Muhammad Q. Islam

    (Department of Economics, St. Louis University, St. Louis, Missouri 63108, U.S.A.)

Abstract

Recently several studies have used economic methodology to interpret and analyze terrorists behavior. This interdisciplinary endeavor is aimed at shedding as much light as possible on measures to eliminate one of the most dangerous problems facing the next decade. The paper suggests a set of policy measures to combat terrorism based on the findings coming out of the studies that have applied economic methodology to this issue. In developing the anti-terrorism policy agenda, the paper highlights the theoretical issues, methodologies and results of studies that have used choice and game theoretic approaches, the economic theory of bargaining, the economics of crime and punishment, spectral, cross spectral and interrupted time series analysis to examine terrorists behavior. The article concludes by suggesting a plan for future research.

Suggested Citation

  • Wassim N. Shahin & Muhammad Q. Islam, 1990. "The Contribution of Economic Methodology to our Understanding of Terrorism," Journal of Interdisciplinary Economics, , vol. 3(3), pages 197-207, April.
    • Handle: RePEc:sae:jinter:v:3:y:1990:i:3:p:197-207
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    Cited by:

    1. Muhammad Islam & Wassim Shahin, 2001. "Applying economic methodology to the war on terrorism," Forum for Social Economics, Springer;The Association for Social Economics, vol. 31(1), pages 7-26, September.

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