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, and war economics field of study starting in the 1960s. Next, I …

have a war bias that is so strong that they prefer war occurring with high probability whereas citizens prefer peace …What can be done to reduce the likelihood of future wars? While states’ decisions that bear on war are ultimately made … future wars. This thesis can be broken down into two claims: first, there is a war bias of political leaders; second, people …