This book presents an overview and assessment of the conceptual advances in economics during the last century. The book relies heavily on engaging examples, intended to draw in the reader and to demonstrate the far-reaching application of economic reasoning to social phenomena

This book explains why the global community has been successful in correcting some recent large-scale problems, but has failed in addressing others. The analysis reaches from antibiotic-resistant microbes to greenhouse gases, from civil wars to international terrorism, and from the polluted...

This paper quantifies the impact of terrorism and conflicts on income per capita growth in Asia for 1970-2004. Our panel estimations show that transnational terrorist attacks had a significant growth-limiting effect. An additional terrorist incident per million persons reduces gross domestic...

Since Olson’s (1965) The Logic of Collective Action, the exploitation hypothesis, in which the rich shoulders the provision burden of public goods for the poor, has held sway despite empirical exceptions. To address such exceptions, we establish two alternative exploitation hypotheses based on...

For 1990-2019, this study presents two-step GMM estimates of EU members' demands for defense spending based on alternative spatial-weight matrices. In particular, EU spatial connectivity is tied to EU membership status, members' contiguity, contiguity and power projection, inverse distance, and...