Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an...

The research on the relationship between inequality and domestic political violence is ambiguous. The case study literature argues that countries with an unequal distribution of income and wealth are prone to armed conflict. Most cross-country studies have, however, not been able to corroborate...