Wars can be immensely damaging to economies, and they can leave long-lasting scars on society. What are considered to be postwar or postviolence situations can see ongoing nonwar political, domestic, and criminal violence, with war economies not ending with the formal cessation of hostilities....

This chapter considers macroeconomic aspects of violence. It moves beyond the usual focus on war to argue the economic importance of all forms and aspects of armed and unarmed violence. Violence refers to acts of self-harm, interpersonal violence, and collective violence. Self-harm includes...

This chapter is a review of our empirical knowledge regarding arms trade offsets. Extant evidence suggests that offset arrangements do not yield net benefits for a country’s economic development. As a general rule arms trade offset deals are more costly than off-the-shelf arms purchases,...

This second issue of The EPS Journal takes up the theme of economic aspects of peacemaking and peacekeeping. Economics Nobel-Laureate Lawrence R. Klein reviews the arguments for, and the likely cost of, a standing United Nations peacekeeping force. Lloyd J. Dumas argues that minimizing economic...

This piece introduces the new journal. This issue 'Conflict or Development?' has a regional focus on Africa. Joseph Stiglitz discusses the role of information in conflict and draws a fascinating analogy between civil strife and a labor strike. Paul Collier and Neil Cooper take different...

Offsets, arrangements that obligate the arms seller to reinvest (“offset”) arms sales proceeds in the purchasing country, are an increasingly important facet of the international trade in arms. They are used to justify spending on imports by promises that there will be significant benefits...