Do conflicts among naval powers hurt international trade? In theory the commercially relevant aspects of aggressive naval power can either thwart trade (through blockades, embargoes, commerce raiding, and guerre de course strategies) or facilitate trade (through control of trade routes and...

War or conflict is an activity of aggression and violence with weapons and new technologies for resolving internal and/or international disputes between two or more nations, between organized ethnic, social and religious groups, etc., for the purpose of reducing the freedom of other...

The type of the mainstay of the military forces of a state decides the decree of economies of scope that exist among the military, the internal security establishment and, the fiscal apparatus which taxes and provides public goods. Economies of scope reduce the cost of military pursuit and other...

In this paper we extend the well known "agreeing-to-disagree" and "no-trade" results from economics and game theory to international relations. We show that two rational countries should never agree to go to war when war is inefficient and when rationality is common knowledge. We argue that this...

Austrian insights on the limits of central planning, the pervasiveness of knowledge problems, and the importance of the entrepreneur in coordinating social change have yielded substantive contributions to the literature on how individuals and communities respond to both natural and unnatural, or...

Economic resources are often seen as decisive for the outcomes of military conflicts. This paper asks whether “deeper pockets” help win wars. We construct a fine-grained dataset covering more than 700 interstate disputes and rely on exogenous resource price shocks to estimate the causal...

This article presents a sampling of the ways in which $236.5 billion could have been spent if that money was not dedicated to the war in Iraq. The identification of specific alternatives may provoke further discussion as to how the United States has been spending, and how it should spend, its...

This paper reviews the economics approach to conflict and national borders. The paper (a) provides a summary of ideas and concepts from the economics literature on the size of nations; (b) illustrates them within a simple analytical framework where populations fight over borders and resources,...

This paper reviews the economics approach to conflict and national borders. The paper (a) provides a summary of ideas and concepts from the economics literature on the size of nations; (b) illustrates them within a simple analytical framework where populations fight over borders and resources,...

This paper reviews the economics approach to conflict and national borders. The paper (a) provides a summary of ideas and concepts from the economics literature on the size of nations; (b) illustrates them within a simple analytical framework where populations fight over borders and resources,...