We develop a theoretical model of security investments in a network of interconnected agents. Network connections … introduce the possibility of cascading failures due to an exogenous or endogenous attack depending on the profile of security … networks, is that because security investments create positive externalities on other agents, there will be underinvestment in …

that could protect surplus ("security"). But the joint achievement of security and prosperity had to escape a paradox … conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous …. Some economic shocks and military innovations deliver security and prosperity while others force societies back into a trap …

-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …

political interference in the administration of justice, from those of American freedom, which allow judges to restrain law …Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from … reflect these institutions of English and American freedom, and ask whether these rules predict economic and political freedom …

The freedom of citizens to form voluntary associations has long been viewed as an essential ingredient of modern civil … society. Our chapter revises the standard Tocquevillian account of associational freedom in the early United States by …