Element contents
Series: Elements in Austrian Economics
Defense, Peace, and War Economics
Published online by Cambridge University Press: 28 February 2020
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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- Series: Elements in Austrian EconomicsOnline ISBN: 9781108668873Publisher: Cambridge University PressPrint publication: 02 April 2020
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