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Series:   Elements in Austrian Economics

Defense, Peace, and War Economics

Published online by Cambridge University Press:  28 February 2020

Christopher J. Coyne
Christopher J. Coyne
Affiliation:
George Mason University, Virginia

Summary

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 consider the contributions by Austrian economists to the field. This includes the economic analysis of the nature of the war economy, problems with the public good justification for the state-provision of defense, the seen and unseen costs of war, the idea of the liberal peace, and the realities and limitations of foreign intervention. I conclude with a discussion of some open areas for future research.
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Keywords

conflicteconomic calculationwarnational defensepeacepublic goods
Type
Element
Information
Series: Elements in Austrian Economics
Online ISBN: 9781108668873
Publisher: Cambridge University Press
Print publication: 02 April 2020

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