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Defense, Peace, and War Economics, Paperback / softback Book


This Element surveys the field of defense, peace, and war economics with particular emphasis on the contributions made by Austrian economists.

I first review treatments of defense, peace, and war by the classical economists.

I then discuss the rise of a distinct and systematic defense, peace, and war economics field of study starting in the 1960s.

Next, I consider the contributions by Austrian economists to the field.

This includes the economic analysis of the nature of the war economy, problems with the public good justification for the state-provision of defense, the seen and unseen costs of war, the idea of the liberal peace, and the realities and limitations of foreign intervention.

I conclude with a discussion of some open areas for future research.


  • Format: Paperback / softback
  • Pages: 86 pages, Worked examples or Exercises
  • Publisher: Cambridge University Press
  • Publication Date:
  • Category: Warfare & defence
  • ISBN: 9781108724036



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