have argued that trade makes war less likely, yet World War I erupted at a time of unprecedented globalization. This paper …Existing theories of pre-emptive war typically predict that the leading country may choose to launch a war on a … was Japan who launched a war against the West in 1941, not the West that pre-emptively attacked Japan. Similarly, many …

nuclear plant. Nuclear power has long been controversial because of concerns about nuclear accidents, proliferation risk, and …

nature where consumption is most valuable. Trade creates value, in part, by offering a mechanism to share risk and risk …

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk … this cost comes from the increased mortality risk associated with exposure to the local air pollution emitted when burning … fossil fuels. Even the largest estimates of the reduction in the costs associated with nuclear accident risk and waste …