On the Cost of Violence and the Benefit of Peace

Jurgen Brauer and John Dunne

Peace Economics, Peace Science, and Public Policy, 2011, vol. 16, issue 2, 1-12

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.

Keywords: violence; war; postconflict; peace (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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Working Paper: On the Cost of Violence and the Benefits of Peace (2010)
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DOI: 10.2202/1554-8597.1209

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