On the cost of violence and the benefit of peace

Jurgen Brauer, John P. Dunne

Research output: Contribution to journalArticle

3 Scopus citations

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 languageEnglish (US)
Article number6
JournalPeace Economics, Peace Science and Public Policy
Volume16
Issue number2
DOIs
Publication statusPublished - Dec 1 2010

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Keywords

  • peace
  • postconflict
  • violence
  • war

ASJC Scopus subject areas

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

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