On the Cost of Violence and the Benefit of Peace

Jurgen Brauer; John P Dunne

doi:10.2202/1554-8597.1209

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On the Cost of Violence and the Benefit of Peace

Jurgen Brauer and John P Dunne

Published/Copyright: January 6, 2011

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From the journal Peace Economics, Peace Science and Public Policy Volume 16 Issue 2

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

Published Online: 2011-1-6

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Articles in the same Issue

https://doi.org/10.2202/1554-8597.1209

Keywords for this article

violence; war; postconflict; peace