This Element surveys the field of defense, peace, and war economics with particular emphasis on the contributions made by Austrian economists. I first review treatments of defense, peace, and war by the classical economists. I then discuss the rise of a distinct and systematic defense, peace,...

Why does liberal democracy take hold in some countries but not in others? Why do we observe such different outcomes in military interventions, from Germany and Japan to Afghanistan and Iraq? Do efforts to export democracy help as much as they hurt? These are some of the most enduring questions...

A successful post-conflict reconstruction is characterized by a self-sustaining liberal political, economic and social order that does not rely on external support. It is argued that the extent of reconstructed orders is constrained by their institutional prerequisites. These prerequisites - a...