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An economic approach to peacemaking and peacekeeping

Author

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  • Lloyd J. Dumas

    (University of Texas, Dallas)

Abstract

The greatest contribution that economics can make to banishing war lies in creating conditions that help keep the peace, especially in the long run. The problem is to identify the set of conditions that will generate positive incentives for nations to keep the peace and work out a set of policies and institutions capable of creating those conditions. The article outlines a few of the most critical conditions and sketches some of the kinds of policies that might help to bring them about.

Suggested Citation

  • Lloyd J. Dumas, 2006. "An economic approach to peacemaking and peacekeeping," Economics of Peace and Security Journal, EPS Publishing, vol. 1(2), pages 7-12, June.
    • Handle: RePEc:epc:journl:v:1:y:2006:i:2:p:7-12
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/24
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    More about this item

    Keywords

    Peacekeeping; security;

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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